Annual report pursuant to Section 13 and 15(d)

Supplemental Balance Sheets and Statements of Operations Detail (Tables)

v3.20.1
Supplemental Balance Sheets and Statements of Operations Detail (Tables)
12 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of accounts receivable
 
 
March 31,
(amounts in thousands)
 
2020
 
2019
Accounts receivable:
 
 
 
 
Trade
 
$
169,685

 
$
176,715

Allowance for doubtful accounts
 
(1,366
)
 
(1,206
)
Ship-from-stock and debit (“SFSD”) allowance
 
(21,896
)
 
(18,862
)
Returns allowance
 
(761
)
 
(964
)
Rebates allowance
 
(676
)
 
(967
)
Price protection allowance
 
(243
)
 
(657
)
Accounts receivable, net
 
$
144,743

 
$
154,059


Schedule of activity in allowances for accounts receivables
The following table presents the annual activities included in the allowance for these commitments (amounts in thousands):
Balance at March 31, 2017
$
20,414

Reduction in sales
94,660

Actual adjustments applied
(95,444
)
Other
268

Balance at March 31, 2018
19,898

Reduction in sales
99,538

Actual adjustments applied
(96,775
)
Other
(5
)
Balance at March 31, 2019
22,656

Reduction in sales
117,708

Actual adjustments applied
(115,582
)
Other
160

Balance at March 31, 2020
$
24,942


Schedule of components of inventories
 
 
March 31,
(amounts in thousands)
 
2020
 
2019
Inventories:
 
 
 
 
Raw materials and supplies
 
$
93,464

 
$
97,119

Work in process
 
85,122

 
71,374

Finished goods
 
82,311

 
88,175

Inventory gross
 
260,897

 
256,668

Inventory reserves
 
(17,687
)
 
(15,539
)
Inventory, net
 
$
243,210

 
$
241,129


Schedule of the annual activities included in the allowance for commitments The following table presents the annual activities included in the inventory reserves (amounts in thousands):
Balance at March 31, 2017
$
15,941

Costs charged to expense
4,994

Write-offs
(6,954
)
Other (1)
2,365

Balance at March 31, 2018
16,346

Costs charged to expense
6,019

Write-offs
(6,826
)
Other

Balance at March 31, 2019
15,539

Costs charged to expense
12,623

Write-offs
(10,867
)
Other
392

Balance at March 31, 2020
$
17,687

Schedule of Property, plant and equipment
 
 
Useful life
(years)
 
March 31,
(amounts in thousands, except years)
 
2020
 
2019
Property, plant and equipment:
 
 
 
 
 
 
Land and land improvements
 
20
 
$
56,340

 
$
62,232

Buildings
 
20 - 40
 
210,192

 
199,319

Machinery and equipment
 
10
 
977,806

 
916,737

Furniture and fixtures
 
4 - 10
 
109,770

 
82,306

Construction in progress
 
 
 
104,842

 
105,857

Other
 
 
 
10,541

 
9,280

Total property and equipment
 
 
 
1,469,491

 
1,375,731

Accumulated depreciation
 
 
 
(916,855
)
 
(880,451
)
Property, plant and equipment, net
 
 
 
$
552,636

 
$
495,280



Schedule of accrued expenses
 
 
March 31,
(amounts in thousands)
 
2020
 
2019
Accrued expenses:
 
 

 
 

Salaries, wages, and related employee costs
 
$
39,605

 
$
61,880

Derivatives
 
13,992

 

Interest
 
47

 
211

Restructuring
 
1,744

 
1,869

Vacation
 
9,668

 
10,364

Lease obligations
 
8,960

 
947

Antitrust settlements and regulatory costs
 
75,086

 
9,517

Contract liabilities
 
6,035

 
256

Stock Returns
 
3,690

 
2,539

Property, sales, and other taxes
 
2,342

 
1,854

Other
 
6,453

 
4,324

Total accrued expenses
 
$
167,622

 
$
93,761


Schedule of other non-current obligations
 
 
March 31,
(amounts in thousands)
 
2020
 
2019
Other non-current obligations:
 
 
 
 
Pension plans
 
$
79,512

 
$
82,717

Lease obligations
 
24,108

 
986

Employee separation liability
 
7,044

 
7,640

Deferred compensation
 
353

 
2,285

Contract liabilities
 
60,638

 
13,412

Customer deposits
 
3,742

 
3,689

Derivatives
 
6,295

 

Antitrust settlements and regulatory costs
 

 
13,168

Uncertain tax positions
 
6,306

 
2,415

Deferred rent
 

 
5,366

Government subsidies
 
1,677

 
1,247

Restructuring
 
89

 
312

Other
 
3,628

 
3,393

Total other non-current obligations
 
$
193,392

 
$
136,630


Schedule of other (income) expense, net
 
 
Fiscal Years Ended March 31,
(amounts in thousands)
 
2020
 
2019
 
2018
Other (income) expense, net:
 
 
 
 
 
 
Net foreign exchange (gains) losses
 
$
(6,762
)
 
$
(7,230
)
 
$
13,145

Post retirement and pension plan non-service costs
 
439

 
366

 
210

Curtailment on pension plans
 
1,949

 

 

Loss on early extinguishment of debt
 

 
15,946

 
486

R&D grant reimbursements and grant income
 
(1,595
)
 
(4,559
)
 
(787
)
Other
 
1,613

 
(10
)
 
1,638

Total other (income) expense, net
 
$
(4,356
)
 
$
4,513

 
$
14,692