Restatement of Previously Reported Financial Information

6 Months Ended

Sep. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Restatement of Previously Issued Financial Information

RESTATEMENT OF PREVIOUSLY REPORTED FINANCIAL INFORMATION

As described in Note 1, “Basis of Presentation and Significant Accounting Policies” to the “Notes to Condensed Consolidated Financial Statements,” the Company identified and corrected certain misstatements relating to prior years’ consolidated financial statements that impact the September 30, 2015 condensed consolidated financial statements. In addition, the Company adopted new accounting guidance related to the classification of debt issuance costs on a retrospective basis that also impacts the September 30, 2015 condensed consolidated financial statements. The impact of these changes on selected financial amounts within the accompanying condensed consolidated financial statements are summarized below:

	Condensed Consolidated Statements of Operations
	Three Months Ended September 30, 2015
(in thousands)	As Previously Reported			Inventory and Tax Adjustments			Reclassifications		Adoption of New Accounting Guidance		As Restated
Cost of goods and services sold	$	360,615		$	(636	)	$	—	$	—	$	359,979
Gross profit	54,238			636			—		—		54,874
Operating income	25,647			636			—		—		26,283
Income (loss) before income taxes and other items	(1,861		)	636			—		—		(1,225		)
Net loss	(21,759		)	636			—		—		(21,123		)
Net loss attributable to Alliance One International, Inc.	(21,701		)	636			—		—		(21,065		)

	Condensed Consolidated Statements of Operations
	Six Months Ended September 30, 2015
(in thousands)	As Previously Reported			Inventory and Tax Adjustments			Reclassifications		Adoption of New Accounting Guidance		As Restated
Cost of goods and services sold	$	597,500		$	(636	)	$	—	$	—	$	596,864
Gross profit	83,635			636			—		—		84,271
Operating income	22,742			636			—		—		23,378
Income (loss) before income taxes and other items	(31,165		)	636			—		—		(30,529		)
Net loss	(47,716		)	636			—		—		(47,080		)
Net loss attributable to Alliance One International, Inc.	(47,651		)	636			—		—		(47,015		)

21. RESTATEMENT OF PREVIOUSLY REPORTED FINANCIAL INFORMATION (Continued)

	Condensed Consolidated Balance Sheet as of
	September 30, 2015
(in thousands)	As Previously Reported		Inventory and Tax Adjustments			Reclassifications		Adoption of New Accounting Guidance			As Restated
Total current assets	$	1,559,974	$	(2,568	)	$	11,808	$	—		$	1,569,214
Total non-current assets	155,302		—			—		(10,810		)	144,492
Total assets	1,947,690		(2,568		)	11,808		(10,810		)	1,946,120
Non-current liabilities	1,000,546		—			11,808		(10,810		)	1,001,544
Total equity	158,499		(2,568		)	—		—			155,931
Total liabilities and equity	1,947,690		(2,568		)	11,808		(10,810		)	1,946,120

Statement of Consolidated Stockholders' Equity
(in thousands)	As Previously Reported			Inventory and Tax Adjustments			Reclassifications		Adoption of New Accounting Guidance		As Restated
Retained Deficit at March 31, 2015	$	(208,184	)	$	(3,204	)	$	—	$	—	$	(211,388	)
Net loss	(47,651		)	636			—		—		(47,015		)
Retained Deficit at September 30, 2015	(255,835		)	(2,568		)	—		—		(258,403		)

	Consolidated Balance Sheet as of
	March 31, 2016
(in thousands)	As Previously Reported		Inventory and Tax Adjustments		Reclassifications		Adoption of New Accounting Guidance			As Restated
Total non-current assets	$	210,190	$	—	$	—	$	(9,875	)	$	200,315
Total assets	1,978,073		—		—		(9,875		)	1,968,198
Non-current liabilities	1,028,575		—		—		(9,875		)	1,018,700
Total liabilities and equity	1,978,073		—		—		(9,875		)	1,968,198