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Investment in NEC TOKIN (Tables)
 12 Months Ended
Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Reconciliation between NEC TOKIN and KEMET's equity investment loss
Summarized financial information for NEC TOKIN follows (in thousands):
 
March 31,
2016
March 31,
2015
Current assets
$
240,427

$
223,495

Noncurrent assets
260,614

273,785

Current liabilities
179,360

143,523

Noncurrent liabilities
335,500

296,873


 
Fiscal Year March 31, 2016
Fiscal Year March 31, 2015
Fiscal Year March 31, 2014
Net sales
$
458,032

$
487,282

$
490,369

Gross profit
98,709

103,773

86,227

Net income (loss)
(42,995
)
(24,091
)
(42,937
)


A reconciliation between NEC TOKIN's net loss and KEMET's equity investment loss follows (in thousands):
 
Fiscal Year March 31, 2016
Fiscal Year March 31, 2015
Fiscal Year March 31, 2014
NEC TOKIN net income (loss)
$
(42,995
)
$
(24,091
)
$
(42,937
)
KEMET's equity ownership %
34
%
34
%
34
%
Equity income (loss) from NEC TOKIN before Adjustments
$
(14,618
)
$
(8,191
)
$
(14,599
)
 
 
 
 
Adjustments:
 
 
 
Amortization and depreciation
(1,625
)
(2,270
)
(1,390
)
Gain on sale of long-lived assets adjustment
—

—

(5,998
)
Loss on impairment of long-lived assets adjustment
—

—

14,643

Inventory valuation adjustment
—

—

254

Indemnity asset
—

8,500

—

Inventory profit elimination
(163
)
(208
)
—

Equity income (loss) from NEC TOKIN
$
(16,406
)
$
(2,169
)
$
(7,090
)
A reconciliation between NEC TOKIN's net assets and KEMET's equity investment balance follows (amounts in thousands):
 
March 31, 2016
March 31, 2015
Investment in NEC TOKIN
$
20,334

$
45,016

Purchase price accounting basis adjustment:


Property, plant and equipment (1)
3,365

3,334

Technology (1)
(10,134
)
(10,889
)
Long-term debt (1)
(1,975
)
(2,707
)
Goodwill
(7,555
)
(7,082
)
Indemnity asset for legal investigation
(8,500
)
(8,500
)
Inventory profit elimination (2)
371

208

Other
(604
)
(39
)
KEMET's 34% interest of NEC TOKIN's equity
$
(4,698
)
$
19,341


(1) Depreciated or amortized over the estimated lives.
(2) Adjusted each period for any activity.