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Equity Method Investments and Related-Party Transactions (Tables)
 6 Months Ended
Sep. 30, 2018
Equity Method Investments And Related Party Transactions [Abstract]  
The Difference Between Carrying Value of Investment in Euro Infrastructure Co. and Proportionate Share of Net Assets of Euro Infrastructure Co.

The difference between the Company’s carrying value of its investment in Euro Infrastructure Co. and its proportionate share of the net assets of Euro Infrastructure Co. as of September 30, 2018 and March 31, 2018 is summarized as follows:

 

 

 

As of

September 30, 2018

 

 

As of

March 31, 2018

 

 

 

(In thousands)

 

Carrying value of investment in Euro Infrastructure Co.

 

$

160,559

 

 

$

163,835

 

Less: proportionate share of net assets of Euro

   Infrastructure Co.

 

 

144,190

 

 

 

147,115

 

Excess carrying value of investment over

   proportionate share of net assets

 

$

16,369

 

 

$

16,720

 

The excess carrying value has been primarily

   assigned to:

 

 

 

 

 

 

 

 

Goodwill

 

$

22,872

 

 

$

23,523

 

Identifiable intangible assets

 

 

11,671

 

 

 

12,839

 

Tangible assets

 

 

(19,800

)

 

 

(21,342

)

Deferred income taxes

 

 

1,626

 

 

 

1,700

 

 

 

$

16,369

 

 

$

16,720

 

 
Schedule of Related Party Transactions

The following tables set forth the material related-party transactions entered into between Euro Infrastructure Co. and its subsidiaries, or Ducommon Inc. (inventory procurement) on the one hand, and the Company and its subsidiaries, on the other hand, in the ordinary course of business for the time periods presented:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2018

 

 

September 30, 2017

 

 

September 30, 2018

 

 

September 30, 2017

 

 

 

(In thousands)

 

Revenue – Euro Infrastructure Co.

 

$

1,327

 

 

$

2,177

 

 

$

3,178

 

 

$

5,628

 

Expense – Euro Infrastructure Co.

 

 

2,432

 

 

 

1,757

 

 

 

4,590

 

 

 

3,588

 

Cash received – Euro Infrastructure Co.

 

 

3,624

 

 

 

2,278

 

 

 

6,054

 

 

 

4,349

 

Cash paid – Euro Infrastructure Co.

 

 

2,145

 

 

 

1,989

 

 

 

4,092

 

 

 

4,009

 

Cash paid – Ducommun Inc.

 

 

4,521

 

 

*

 

 

 

6,979

 

 

*

 

 

 

 

As of

September 30, 2018

 

 

As of

March 31, 2018

 

 

 

(In thousands)

 

Accounts receivable – Euro Infrastructure Co.

 

**

 

 

$

3,307

 

Collections in excess of revenues and deferred

   revenues – Euro Infrastructure Co.

 

 

4,007

 

 

 

3,246

 

Accounts payable – Ducommun Inc.

 

 

6,684

 

 

 

2,073

 

Accounts payable – Euro Infrastructure Co.

 

 

1,379

 

 

**

 

 

*

There was no related-party activity for the period indicated.

**

Amount was insignificant.