Subsequent Event

9 Months Ended

Dec. 31, 2012

Subsequent Event

Subsequent Event

Note 16. Subsequent Event

On January 2, 2013, the Company announced that KEC received regulatory clearance from the Anti-monopoly Bureau of the Ministry of Commerce of the People’s Republic of China for KEC’s proposed acquisition of a 34% interest in NEC TOKIN Corporation (“NT”). As previously announced on March 12, 2012, KEC entered into a definitive agreement to acquire this interest for $50.0 million. The closing of the transaction occurred on February 1, 2013.  The Company will account for the equity investment using the equity method in a non-consolidated variable interest entity since the Company does not have the power to direct significant activities of NT.