Discontinued Operations

6 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

The Film and Electrolytic business group completed the sale of its machinery division in April, 2014, which, subject to closing adjustments, resulted in a gain of $5.8 million on the sale of the business (after income tax expense) offset by a loss from machinery operations of $0.3 million during the six month period ended September 30, 2014 resulting in net income from discontinued operations of $5.5 million.

Net sales and operating income (loss) from the Company’s discontinued operation for the quarters and six month periods endedSeptember 30, 2014 and 2013 were (amounts in thousands):

	Quarters Ended September 30,					Six Month Periods Ended September 30,
	2014		2013			2014			2013
Net sales	$	—	$	4,291		$	104		$	4,957
Operating income (loss)	165		(1,275		)	(266		)	(3,021		)