Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]      
Net sales $ 1,260,554 $ 1,382,818 $ 1,200,181
Operating costs and expenses:      
Cost of sales 840,066 924,276 860,744
Selling, general and administrative expenses 194,766 202,642 173,620
Research and development 49,264 44,612 39,114
Restructuring charges 8,882 8,779 14,843
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down 19,710 1,660 (992)
Net (gain) loss on sales and disposals of assets 800 (1,000) (1,200)
Total operating costs and expenses 1,112,688 1,181,969 1,087,329
Operating income 147,866 200,849 112,852
Non-operating (income) expense:      
Interest income 3,325 2,035 809
Interest expense 11,021 21,239 32,882
Business combination bargain purchase, gain recognized 0 0 130,880
Gain (Loss) Related to Litigation Settlement 64,695 6,701 9,900
Other (income) expense, net (4,356) 4,513 14,692
Income before income taxes and equity income (loss) from equity method investments 79,831 170,431 187,067
Income tax expense (benefit) 38,526 (39,460) 9,132
Income before equity income (loss) from equity method investments 41,305 209,891 177,935
Equity income (loss) from equity method investments 76 (3,304) 76,192
Net income $ 41,381 $ 206,587 $ 254,127
Net income (loss) per basic share:      
Net income (loss) (in dollars per share) $ 0.71 $ 3.57 $ 4.81
Net income (loss) per diluted share:      
Net income (loss) (in dollars per share) $ 0.70 $ 3.50 $ 4.33
Weighted-average shares outstanding:      
Basic (in shares) 58,574 57,840 52,798
Diluted (in shares) 59,415 59,082 58,640