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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
9 Months Ended 12 Months Ended
Dec. 31, 2015
Mar. 31, 2015
Mar. 31, 2014
Sales [1] $ 3,391,384 $ 3,112,659 $ 2,890,711
Cost of sales [1] 2,717,236 2,411,756 2,600,607
Gross profit [1] 674,148 700,903 290,104
Operating expenses:      
Research and development [1] 83,209 49,349 48,536
Selling [1] 88,177 89,941 87,554
General and administrative [1] 220,157 304,590 209,199
Goodwill impairment [1],[2] 0 34,300 3,700
Gain on settlement [1] 50,000 0 0
Income (loss) from continuing operations, before interest, income taxes and noncontrolling interest [1] 332,605 222,723 (58,885)
Interest expense, net [1] (60,370) (88,848) (79,792)
Loss on extinguishment of debt [1],[2] 0 (26,626) 0
Income (loss) from continuing operations, before income taxes and noncontrolling interest [1] 272,235 107,249 (138,677)
Income taxes [1] 86,913 37,299 (74,419)
Income (loss) from continuing operations, before noncontrolling interest [1],[2] 185,322 69,950 (64,258)
Less net income attributable to noncontrolling interest [1] 143 99 171
Income (loss) from continuing operations of Orbital ATK, Inc. [1] 185,179 69,851 (64,429)
Income from discontinued operations, before income taxes [1] 0 205,463 288,349
Income taxes [1] (1,008) 80,414 106,886
Income from discontinued operations [1] 1,008 125,049 181,463
Net income attributable to Orbital ATK, Inc. [1] $ 186,187 $ 194,900 $ 117,034
Basic earnings (loss) per common share from:      
Continuing operations (in dollars per share) [1] $ 3.12 $ 1.96 $ (2.03)
Discontinued operations (in dollars per share) [1] 0.02 3.53 5.73
Basic (in dollars per share) [1] $ 3.14 $ 5.49 $ 3.70
Weighted-average number of common shares outstanding, basic (in shares) [1] 59,358 35,469 31,671
Diluted earnings (loss) per common share from:      
Continuing operations (in dollars per share) [1] $ 3.09 $ 1.93 $ (1.97)
Discontinued operations (in dollars per share) [1] 0.02 3.46 5.55
Diluted (in dollars per share) [1] $ 3.11 $ 5.39 $ 3.58
Weighted-average number of common shares outstanding, diluted (in shares) [1] 59,915 36,140 32,723
Cash dividends paid per common share [1] $ 0.78 $ 1.28 $ 1.10
Other comprehensive income (loss), net of tax (expense) benefit:      
Net income attributable to: Orbital ATK, Inc. and noncontrolling interest [1],[2] $ 186,330 $ 194,999 $ 117,205
Pension and other postretirement benefits:      
Prior service credits for pension and postretirement benefit plans recorded to net income, net of taxes of $8,073, $11,740 and $11,240, respectively [1] (13,004) (18,906) (18,125)
Net actuarial loss for pension and postretirement benefit plans recorded to net income, net of taxes of $(43,887), $(8,186) and $(56,791), respectively [1] 70,550 13,841 91,387
Valuation adjustment for pension and postretirement benefit plans, net of taxes of $(2,924), $139,583, and $(48,772), respectively [1] 4,805 (224,389) 78,522
Change in fair value of derivatives, net of taxes of $624, $(1,866) and $1,771, respectively [1] (986) 2,949 (2,830)
Other, net of taxes of $(231), $(151) and $(29), respectively [1] 375 238 46
Change in cumulative translation adjustment, net of taxes of $0, $0 and $942, respectively [1] 0 (36,796) (1,505)
Total other comprehensive income (loss) [1] 61,740 (263,063) 147,495
Comprehensive income (loss) [1],[3] 248,070 (68,064) 264,700
Less comprehensive income attributable to noncontrolling interest [1] 143 99 171
Comprehensive income (loss) attributable to Orbital ATK, Inc. [1] $ 247,927 $ (68,163) $ 264,529
[1] See Note 2 - Restatement
[2] See Note 2 - Restatement
[3] See Note 2 - Restatement