Annual report pursuant to Section 13 and 15(d)

Discontinued Operations

v3.19.1
Discontinued Operations
12 Months Ended
Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
The Film and Electrolytic business group (“Film and Electrolytic”) completed the sale of its machinery division in April 2014, which resulted in a gain of $5.6 million on the sale of the business (after income tax expense) offset by a loss from machinery operations of $0.3 million during the fiscal year ended March 31, 2015 resulting in net income from discontinued operations of $5.4 million.
Net sales and net operating loss from the Company’s discontinued operation for years ended March 31, 2019, 2018 and 2017 were as follows (in thousands):
 
Fiscal Years Ended March 31,
 
2019
 
2018
 
2017
Net sales
$

 
$

 
$

Operating income (loss)