Annual report pursuant to Section 13 and 15(d)

Supplemental Balance Sheets and Statements of Operations Detail

v2.4.0.6
Supplemental Balance Sheets and Statements of Operations Detail
12 Months Ended
Mar. 31, 2013
Supplemental Balance Sheets and Statements of Operations Detail  
Supplemental Balance Sheets and Statements of Operations Detail

Note 13: Supplemental Balance Sheets and Statements of Operations Detail (amounts in thousands)

 
  March 31,  
 
  2013   2012  

Accounts receivable:

             

Trade

  $ 115,082   $ 122,413  

Allowance for doubtful accounts

   
(1,255

)
 
(1,685

)

Ship-from-stock and debit

    (14,116 )   (11,988 )

Returns

    (1,421 )   (1,662 )

Rebates

    (1,071 )   (1,113 )

Price protection

    (376 )   (520 )

Other

    (279 )   (495 )
           

 

  $ 96,564   $ 104,950  
           

        The Company has agreements with distributors and certain other customers that, under certain conditions, allow for returns of overstocked inventory, provide protection against price reductions initiated by the Company and grant other sales allowances. Allowances for these commitments are included in the Consolidated Balance Sheets as reductions in trade accounts receivable. The Company adjusts sales based on historical experience. The following table presents the annual activities included in the allowance for these commitments:

Balance at March 31, 2010

  $ 13,825  

Charged to operations

   
69,086
 

Write-offs

    (65,576 )
       

Balance at March 31, 2011

    17,335  

Charged to operations

   
71,462
 

Write-offs

    (71,237 )

Other

    (97 )
       

Balance at March 31, 2012

    17,463  

Charged to operations

   
82,738
 

Write-offs

    (81,621 )

Other

    (62 )
       

Balance at March 31, 2013

  $ 18,518  
       


 

 
  March 31,  
 
  2013   2012  

Inventories:

             

Raw materials and supplies

  $ 84,852   $ 86,845  

Work in process

    70,522     72,411  

Finished goods

    68,705     70,122  
           

 

    224,079     229,378  

Inventory reserves

    (18,464 )   (17,144 )
           

 

  $ 205,615   $ 212,234  
           

        The following table presents the annual activities included in the inventory reserves:

Balance at March 31, 2010

  $ 19,918  

Costs charged to expense

   
9,300
 

Write-offs

    (14,452 )

Other

    698  
       

Balance at March 31, 2011

    15,464  

Costs charged to expense

   
9,941
 

Write-offs

    (8,253 )

Other

    (8 )
       

Balance at March 31, 2012

    17,144  

Costs charged to expense

   
3,145
 

Write-offs

    (1,488 )

Other

    (337 )
       

Balance at March 31, 2013

  $ 18,464  
       


 

 
   
  March 31,  
 
  Useful life
(years)
 
 
  2013   2012  

Property, plant and equipment:

                 

Land and land improvements

  20   $ 25,824   $ 29,085  

Buildings

  20 - 40     145,977     136,647  

Machinery and equipment

  10     809,884     813,407  

Furniture and fixtures

  4 - 10     62,072     59,645  

Construction in progress

        32,149     38,586  
               

Total property and equipment

        1,075,906     1,077,370  

Accumulated depreciation

        (771,398 )   (761,522 )
               

 

      $ 304,508   $ 315,848  
               


 

 
  March 31,  
 
  2013   2012  

Accrued expenses:

             

Salaries, wages, and related employee costs

  $ 21,091   $ 25,862  

Deferred acquisition payments

    22,135     15,622  

Vacation

    13,175     14,393  

Interest

    15,628     14,843  

Restructuring

    13,304     3,907  

Other

    10,611     14,452  
           

 

  $ 95,944   $ 89,079  
           


 

 
  March 31,  
 
  2013   2012  

Other non-current obligations:

             

Deferred acquisition payments

  $ 17,585   $ 37,817  

Pension plans

    30,355     29,553  

Employee separation liability

    16,914     17,877  

Deferred construction expense

    2,476     2,787  

Restructuring

    205     7,567  

Other

    4,411     5,628  
           

 

  $ 71,946   $ 101,229  
           


 

 
  Fiscal Years Ended March 31,  
 
  2013   2012   2011  

Other (income) expense, net:

                   

Net foreign exchange (gains) losses

  $ (28 ) $ 919   $ (2,888 )

Miscellaneous non-product income

    (1,034 )        

Gain on licensing of patents

            (2,000 )

Other

    (1,802 )   46     196  
               

 

  $ (2,864 ) $ 965   $ (4,692 )