Discontinued operations

12 Months Ended

Mar. 31, 2012

Discontinued operations [Abstract]

Discontinued operations

Note 12:  Discontinued operations

On December 23, 2009, the Company sold 100 percent of the shares of the South Korea-based vehicular HVAC business for net cash proceeds of $10,515. The Company recorded a loss on sale, net of taxes, of $611 during fiscal 2010. The Company recorded an additional loss on the sale, net of taxes, of $115 during fiscal 2011 related to legal fees incurred in conjunction with the sale. In fiscal 2010, the Company recognized a loss of $7,646 on the South Korean asset group to reduce their carrying value to the estimated fair value, less costs to sell.