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Investment in NEC TOKIN (Tables)
 12 Months Ended
Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Summary financial information
Summarized financial information for NEC TOKIN follows (in thousands):
 
March 31,
2014
March 31,
2013
Current assets
$
245,709

$
220,652

Noncurrent assets
302,161

422,246

Current liabilities
120,929

121,238

Noncurrent liabilities
360,908

411,789

 
Fiscal Year March 31, 2014
Two Months
Ended
March 31,
2013
Net sales
$
512,073

$
82,772

Gross profit
90,325

9,147

Net loss
(42,937
)
(2,216
)
Reconciliation between NEC TOKIN and KEMET's equity investment loss
A reconciliation between NEC TOKIN's net loss and KEMET's equity investment loss follows (in thousands):
 
Fiscal year
Ended
March 31,
2014
Two Months
Ended
March 31,
2013
NEC TOKIN net Loss
$
(42,937
)
$
(2,216
)
KEMET's equity ownership %
34
%
34
%
Equity loss from NEC TOKIN before Adjustments
$
(14,599
)
$
(753
)
 


Adjustments:


Amortization and depreciation
(1,390
)
(247
)
Gain on sale of long-lived assets adjustment
(5,998
)
—

Loss on impairment of long-lived assets adjustment
14,643

—

Inventory valuation adjustment
254

(254
)
Equity Loss from NEC TOKIN
$
(7,090
)
$
(1,254
)
A reconciliation between NEC TOKIN's net assets and KEMET's equity investment balance follows (in thousands):
 
March 31, 2014
March 31, 2013
Investment in NEC TOKIN
$
46,419

$
52,738

Purchase price accounting basis adjustment:


Property, plant and equipment
7,325

21,593

Technology
(16,261
)
(18,000
)
Long-term debt
(4,754
)
(5,824
)
Goodwill
(9,326
)
(9,326
)
Other
(952
)
(3,825
)
KEMET's 34% interest of NEC TOKIN's equity
$
22,451

$
37,356