Note 12 - Other Operating Income and Expense

12 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

12.

Other Operating Income and Expense

 

Other operating income in

2018

includes a bargain purchase acquisition gain of

$1.8

million, a gain on the sale of a plant of

$1.1

million and a gain on the partial sale of a plant of

$0.4

million. The Company also recorded a gain of

$0.4

million on the sale of fixed assets.

Other operating expense in

2017

includes a charge for

$1.2

million related to costs incurred due to some roof collapses at a Northwest plant as a result of heavy snowfall. In addition, there was a charge for an impairment of a long-term asset of

$1.1

million. The Company also recorded a loss of

$0.2

million on the sale of fixed assets.

Other operating income in

2016

included a gain of

$24.3

million related to a contractual payment received in conjunction with a relationship transfer agreement with General Mills. The Company reversed a provision for the Prop

65

litigation of

$0.2

million and reduced an environmental accrual by

$0.1

million. The Company also recorded a gain of

$0.4

million from the sale of other fixed assets.