Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Statements (Details 2)

v2.4.0.6
Condensed Consolidating Financial Statements (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Condensed Consolidating Statement of Operations                      
Net sales $ 203,034 $ 200,297 $ 215,991 $ 223,632 $ 210,668 $ 218,795 $ 265,514 $ 289,856 $ 842,954 $ 984,833 $ 1,018,488
Operating costs and expenses:                      
Cost of sales                 716,358 775,670 752,846
Selling, general and administrative expenses                 110,474 111,564 104,607
Research and development                 27,993 29,440 25,864
Restructuring charges                 18,719 14,254 7,171
Write down of long-lived assets                 7,582 15,786  
Goodwill impairment                 1,092    
Net (gain) loss on sales and disposals of assets                 18 318 (1,261)
Total operating costs and expenses                 882,236 947,032 889,227
Operating (loss) income (15,927) (5,290) (14,020) (4,045) (9,992) (17,962) 24,913 40,842 (39,282) 37,801 129,261
Interest income                 (139) (175) (218)
Interest expense                 41,331 28,567 30,175
Loss on early extinguishment of debt                     38,248
Other (income) expense, net                 (2,864) 965 (4,692)
Income (loss) before income taxes and equity loss from NEC TOKIN                 (77,610) 8,444 65,748
Income tax expense (benefit)                 3,318 1,752 2,704
Income (loss) before equity loss from NEC TOKIN                 (80,928) 6,692 63,044
Equity loss from NEC TOKIN                 (1,254)    
Net income (loss) (25,251) (14,257) (24,921) (17,753) (11,704) (27,771) 14,318 31,849 (82,182) 6,692 63,044
Parent
                     
Operating costs and expenses:                      
Cost of sales                 2,003 799  
Selling, general and administrative expenses                 30,838 30,741 36,607
Research and development                 190    
Net (gain) loss on sales and disposals of assets                 3    
Total operating costs and expenses                 33,034 31,540 36,607
Operating (loss) income                 (33,034) (31,540) (36,607)
Interest income                 (24) (12) (20)
Interest expense                 40,651 27,375 28,399
Loss on early extinguishment of debt                     38,248
Other (income) expense, net                 (27,233) (29,947) (30,751)
Equity in earnings of subsidiaries                 35,754 (34,456) (135,521)
Income (loss) before income taxes and equity loss from NEC TOKIN                 (82,182) 5,500 63,038
Income tax expense (benefit)                   (1,192) (6)
Income (loss) before equity loss from NEC TOKIN                 (82,182)    
Net income (loss)                 (82,182) 6,692 63,044
Guarantor Subsidiaries
                     
Condensed Consolidating Statement of Operations                      
Net sales                 905,755 938,525 948,292
Operating costs and expenses:                      
Cost of sales                 823,170 799,659 738,855
Selling, general and administrative expenses                 68,711 60,872 64,521
Research and development                 20,028 21,283 19,148
Restructuring charges                 7,266 2,255 4,378
Write down of long-lived assets                 438    
Goodwill impairment                 1,092    
Net (gain) loss on sales and disposals of assets                 98 384 (1,705)
Total operating costs and expenses                 920,803 884,453 825,197
Operating (loss) income                 (15,048) 54,072 123,095
Interest income                 (43) (58) (110)
Interest expense                 972 459 260
Other (income) expense, net                 27,623 32,127 25,631
Income (loss) before income taxes and equity loss from NEC TOKIN                 (43,600) 21,544 97,314
Income tax expense (benefit)                 636 (80) 9
Income (loss) before equity loss from NEC TOKIN                 (44,236)    
Equity loss from NEC TOKIN                 (1,254)    
Net income (loss)                 (45,490) 21,624 97,305
Non-Guarantor Subsidiaries
                     
Condensed Consolidating Statement of Operations                      
Net sales                 862,989 944,166 983,594
Operating costs and expenses:                      
Cost of sales                 774,065 848,822 889,886
Selling, general and administrative expenses                 53,835 44,813 38,978
Research and development                 7,775 8,157 6,961
Restructuring charges                 11,453 11,999 2,793
Write down of long-lived assets                 7,144 15,786  
Net (gain) loss on sales and disposals of assets                 (83) (66) 444
Total operating costs and expenses                 854,189 929,511 939,062
Operating (loss) income                 8,800 14,655 44,532
Interest income                 (72) (105) (88)
Interest expense                 (292) 733 1,516
Other (income) expense, net                 (3,254) (986) 331
Income (loss) before income taxes and equity loss from NEC TOKIN                 12,418 15,013 42,773
Income tax expense (benefit)                 2,682 3,024 2,701
Income (loss) before equity loss from NEC TOKIN                 9,736    
Net income (loss)                 9,736 11,989 40,072
Reclassifications and Eliminations
                     
Condensed Consolidating Statement of Operations                      
Net sales                 (925,790) (897,858) (913,398)
Operating costs and expenses:                      
Cost of sales                 (882,880) (873,610) (875,895)
Selling, general and administrative expenses                 (42,910) (24,862) (35,499)
Research and development                     (245)
Total operating costs and expenses                 (925,790) (898,472) (911,639)
Operating (loss) income                   614 (1,759)
Other (income) expense, net                   (229) 97
Equity in earnings of subsidiaries                 (35,754) 34,456 135,521
Income (loss) before income taxes and equity loss from NEC TOKIN                 35,754 (33,613) (137,377)
Income (loss) before equity loss from NEC TOKIN                 35,754    
Net income (loss)                 $ 35,754 $ (33,613) $ (137,377)