Discontinued Operations

12 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

The Film and Electrolytic business group ("Film and Electrolytic”) completed the sale of its machinery division in April 2014, which resulted in a gain of $5.6 million on the sale of the business (after income tax expense) offset by a loss from machinery operations of $0.3 million during the fiscal year ended March 31, 2015 resulting in net income from discontinued operations of $5.4 million.

Net sales and net operating loss from the Company’s discontinued operation for years ended March 31, 2016, 2015 and 2014 were as follows (in thousands):

	Fiscal Years Ended March 31,
	2016		2015			2014
Net sales	$	—	$	104		$	11,489
Operating income (loss)	—		(265		)	(3,730		)