Annual report pursuant to Section 13 and 15(d)

Organization and Significant Accounting Policies (Tables)

v2.4.0.6
Organization and Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2013
Organization and Significant Accounting Policies  
Summary of components of accumulated other comprehensive income (loss)

 The following summary sets forth the components of accumulated other comprehensive income (loss) contained in the stockholders' equity section of the Consolidated Balance Sheets (amounts in thousands):

 
  Foreign
Currency
Translation
Gains (Losses)
  Defined Benefit
Post-retirement
Plan
Adjustments
  Defined
Benefit
Pension
Plans
  Net
Accumulated
Other
Comprehensive
Income (Loss)
 

Balance at March 31, 2011

  $ 27,076   $ 2,112   $ (6,633 ) $ 22,555  

Fiscal year 2012 activity(1)

    (8,969 )   (117 )   (1,449 )   (10,535 )
                   

Balance at March 31, 2012

    18,107     1,995     (8,082 )   12,020  

Fiscal year 2013 activity(2)

    (4,569 )   (177 )   420     (4,326 )
                   

Balance at March 31, 2013

  $ 13,538   $ 1,818   $ (7,662 ) $ 7,694  
                   

(1)
Activity within the defined benefit pension plans is net of a tax benefit of $0.8 million.

(2)
Activity within the defined benefit pension plans is net of a tax benefit of $0.7 million.
Schedule of exercises of the Platinum Warrant

 

 

Date
  Portion of
Platinum
Warrant Sold
  Increase in
KEMET
Shares
Outstanding
 

December 20, 2010

    10,893,608     10,000,000  

May 31, 2011

    7,524,995     7,000,000  
Schedule of assets measured at fair value on a recurring basis

Assets measured at fair value on a recurring basis as of March 31, 2013 and 2012 are as follows (amounts in thousands):

 
   
   
  Fair Value Measurement
Using
   
   
  Fair Value Measurement
Using
 
 
  Carrying
Value
March 31,
2013
  Fair
Value
March 31,
2013
  Carrying
Value
March 31,
2012
  Fair
Value
March 31,
2012
 
 
  Level 1   Level 2(2)   Level 3   Level 1   Level 2(2)   Level 3  

Assets:

                                                             

Money markets(1)

  $ 29,984   $ 29,984   $ 29,984   $   $   $ 26,215   $ 26,215   $ 26,215   $   $  

Long-term debt

    383,500     393,928     369,200     24,728         347,331     362,086     358,700     3,386      

(1)
Included in the line item "Cash and cash equivalents" on the Consolidated Balance Sheets.

(2)
The valuation approach used to calculate fair value was a discounted cash flow for each respective debt facility.