XML 52 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Income and Expense (Tables)
 12 Months Ended
Mar. 31, 2018
Other Income and Expense [Abstract]  
Other income and expense
Other income and expense consisted of the following:

  
Years ended March 31,
 
  
2018
  
2017
  
2016
 
Equity in earnings of non-consolidated affiliate
 
$
0.2
  
$
0.1
  
$
0.1
 
Interest income
  
0.4
   
0.4
   
0.4
 
Foreign currency transactions (a)
  
(0.6
)
  
(1.9
)
  
(1.3
)
Net periodic benefit cost (b)
  
(3.3
)
  
(2.9
)
  
(44.6
)
Gain from insurance recovery (c)
  
-
   
-
   
9.5
 
Total other expense - net
 
$
(3.3
)
 
$
(4.3
)
 
$
(35.9
)
 
(a)
Foreign currency transactions primarily consist of foreign currency transaction gains and losses on the re-measurement or settlement of foreign currency-denominated assets and liabilities, including intercompany loans and transactions denominated in a foreign currency, along with gains and losses on foreign currency exchange contracts.
(b)
Represents net periodic benefit cost, exclusive of service cost, for the Company’s pension and postretirement plans.
(c)
During fiscal 2016, the Company settled an insurance claim related to machinery and equipment destroyed in a fire at its Airedale facility and recorded a gain of $9.5 million.  See Note 1 for additional information.