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Basis of Financial Statement Presentation (Tables)
 3 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Contract with customer, asset and liability
Net contract liabilities consisted of the following (amounts in thousands):
 
June 30, 2018
 
March 31, 2018
Contract liabilities-current (Accrued expenses)
$
256

 
$
256

Contract liabilities-noncurrent (Other non-current obligations)
449

 
513

Total contract liabilities
$
705

 
$
769
Schedule of assets and liabilities measured at fair value on a recurring basis
Assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 and March 31, 2018 are as follows (amounts in thousands):
 
Carrying Value June 30,
 
Fair Value June 30,
 
Fair Value Measurement Using
 
Carrying Value March 31,
 
Fair Value March 31,
 
Fair Value Measurement Using
 
2018
 
2018
 
Level 1
 
Level 2 (3)
 
Level 3
 
2018
 
2018
 
Level 1
 
Level 2 (3) (4)
 
Level 3
Assets (Liabilities):
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Money markets (1)(2)
$
67,325

 
$
67,325

 
$
67,325

 
$
—

 
$
—

 
$
83,891

 
$
83,891

 
$
83,891

 
$
—

 
$
—

Total debt
(320,223
)
 
(336,842
)
 
—

 
(336,842
)
 
—

 
(324,623
)
 
(343,125
)
 
—

 
(343,125
)
 
—

___________________
(1) Included in the line item “Cash and cash equivalents” on the Condensed Consolidated Balance Sheets.
(2) Certificates of Deposit of $31.7 million and $33.9 million that mature in three months of less are included within the balance as of June 30, 2018 and March 31, 2018, respectively.
(3) The valuation approach used to calculate fair value was a discounted cash flow based on the borrowing rate for each respective debt facility.
(4) The fair value measurement of the Company's Term Credit Loan Agreement was previously measured using inputs that were classified as Level 1. Upon further assessment, the Company has determined that these inputs are Level 2 and has classified the fair value of the Term Credit Loan Agreement as of March 31, 2018 as Level 2.
Schedule of components of inventories
nventories are stated at the lower of cost or net realizable value. The components of inventories are as follows (amounts in thousands):
 
June 30, 2018
 
March 31, 2018
Raw materials and supplies
$
87,119

 
$
88,408

Work in process
66,947

 
65,417

Finished goods
67,277

 
66,907

Subtotal
221,343

 
220,732

Inventory reserves
(15,387
)
 
(16,346
)
Inventories, net
$
205,956

 
$
204,386

 
Schedule of new accounting pronouncements and changes in accounting principles
Adoption of the requirements in ASC 606 impacted our previously reported Condensed Consolidated Balance Sheet as of March 31, 2018 and our Condensed Consolidated Statements of Operations, Comprehensive Income, and Cash Flows for the quarter ended June 30, 2017 as follows (amounts in thousands, except per share data):
Condensed Consolidated Balance Sheet
 
As of March 31, 2018
 
As Previously Reported
 
Adjustments
 
As Adjusted
Assets
 
 
 
 
 
Account receivable, net
$
144,076

 
$
2,485

 
$
146,561

Total current assets
676,468

 
2,485

 
678,953

Other assets
10,431

 
2,169

 
12,600

Total assets
1,218,269

 
4,654

 
1,222,923

Liabilities and Stockholders' Equity
 
 
 
 
 
Accrued expenses
122,377

 
2,742

 
125,119

Total current liabilities
284,916

 
2,742

 
287,658

Deferred income taxes (non-current)
14,571

 
487

 
15,058

Other non-current obligations
151,736

 
513

 
152,249

Total liabilities
755,306

 
3,742

 
759,048

Retained earnings (deficit)
2,675

 
695

 
3,370

Accumulated other comprehensive income (loss)
(3,015
)
 
217

 
(2,798
)
Total stockholders' equity
462,963

 
912

 
463,875

Total liabilities and stockholders' equity
1,218,269

 
4,654

 
1,222,923

Condensed Consolidated Statement of Operations
 
Quarter Ended June 30, 2017
 
As Previously Reported
 
Adjustments
 
As Adjusted
Net sales
$
274,000

 
$
(54
)
 
$
273,946

Operating costs and expenses:
 
 
 
 
 
Cost of sales (1)
199,563

 
266

 
199,829

Research and development
9,390

 
(143
)
 
9,247

Income tax expense
1,150

 
(10
)
 
1,140

Net income (loss)
220,606

 
(167
)
 
220,439

Net income (loss) per basic share
4.66

 
(0.01
)
 
4.65

________________
(1) The as previously reported balance reflects a reclassification of certain TOKIN operating expenses from SG&A to Cost of Sales to align with KEMET's classification of these expenses.


Condensed Consolidated Statement of Comprehensive Income
 
Quarter Ended June 30, 2017
 
As Previously Reported
 
Adjustments
 
As Adjusted
Net income (loss)
$
220,606

 
$
(167
)
 
$
220,439

Foreign currency translation gains (losses)
4,138

 
215

 
4,353

Other comprehensive income (loss) 
10,760

 
215

 
10,975

Total comprehensive income (loss)
231,366

 
48

 
231,414




Condensed Consolidated Statement of Cash Flows
 
Quarter Ended June 30, 2017
 
As Previously Reported
 
Adjustments
 
As Adjusted
Operating activities
 
 
 
 
 
Net income (loss)
$
220,606

 
$
(167
)
 
$
220,439

Depreciation and amortization
12,243

 
216

 
12,459

Change in deferred income taxes
(129
)
 
(18
)
 
(147
)
Change in operating assets
24,879

 
(209
)
 
24,670

Change in operating liabilities
(39,030
)
 
(9
)
 
(39,039
)
Other
(60
)
 
(28
)
 
(88
)
Net cash provided by (used in) operating activities
10,257

 
(215
)
 
10,042

Effect of foreign currency fluctuations on cash
941

 
215

 
1,156