Indebtedness (Tables)

12 Months Ended

Mar. 31, 2013

Indebtedness [Abstract]

Schedule of long-term indebtedness

Long-term debt was comprised of the following:

	Interest rate at March 31, 2013			Fiscal year of maturity		March 31, 2013			March 31, 2012
Various foreign denominated borrowings		3.8	%		2016	$	1.9		$	2.3
Denominated in U.S. dollars:
Fixed rate -
2020 Notes		6.8	%		2021		125.0			125.0
Variable rate -
Revolving credit facility		2.2	%		2015		-			9.0
							126.9			136.3
Capital lease obligations					2014-2029		6.1			6.7
							133.0			143.0
Less: current portion							(0.5	)		(1.1	)
Total long-term debt						$	132.5		$	141.9

Interest expense coverage ratio and leverage ratio covenants

Provisions in the Company's Amended and Restated Credit Agreement and Note Purchase Agreement include restrictive covenants. The Company is subject to an adjusted EBITDA to interest expense (interest expense coverage ratio) covenant and a debt to adjusted EBITDA (leverage ratio) covenant. Adjusted EBITDA is defined as earnings from continuing operations before interest expense and provision for income taxes, adjusted to exclude unusual, non-recurring or extraordinary non-cash charges and up to $40.0 million of cash restructuring and repositioning charges, not to exceed $20.0 million in any fiscal year, and further adjusted to add back depreciation and amortization. The Company is required to maintain the interest expense coverage ratio and leverage ratio covenants based on the following:

	Interest Expense Coverage	Leverage Ratio
	Ratio Covenant (Not	Covenant (Not Permitted
	Permitted to Be Less Than)	to Be Greater Than)
Fiscal quarter ending on or before August 12, 2014	3.00 to 1.0	3.25 to 1.0
All fiscal quarters ending thereafter	3.00 to 1.0	3.00 to 1.0

Maturities of long term debt and capital lease obligations

Long-term debt matures as follows:

Years ending March 31
2014	$	0.5
2015		1.7
2016		0.5
2017		8.3
2018		16.3
2019 & beyond		105.7
Total	$	133.0