Columbus McKinnon (CMCO) 10-Q24 Oct 132014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2013	Oct. 21, 2013
Document Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	30-Sep-13
Amendment Flag	FALSE
Entity Registrant Name	Columbus McKinnon Corporation
Entity Central Index Key	1005229
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	-28
Entity Filer Category	Accelerated Filer
Entity Well Known Seasoned Issuer	No
Entity Common Stock Shares Outstanding		19,692,790
Entity Public Float	$473,212,697
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Mar. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2013
Current assets:
Cash and cash equivalents	$111,819	$121,660
Trade accounts receivable	76,852	80,224
Inventories	106,392	94,189
Prepaid expenses and other	19,082	17,905
Total current assets	314,145	313,978
Property, plant, and equipment, net	69,112	65,698
Goodwill	111,901	105,354
Other intangibles, net	12,906	13,395
Marketable securities	22,612	23,951
Deferred taxes on income	39,084	37,205
Other assets	6,491	7,286
Total assets	576,251	566,867
Current liabilities:
Trade accounts payable	29,466	34,329
Accrued liabilities	49,319	48,884
Current portion of long term debt	1,119	1,024
Total current liabilities	79,904	84,237
Senior debt, less current portion	2,327	2,641
Subordinated debt	148,549	148,412
Other non current liabilities	86,906	91,590
Total liabilities	317,686	326,880
Shareholders' equity:
Voting common stock; 50,000,000 shares authorized; 19,692,580 and 19,507,939 shares issued and outstanding	197	195
Additional paid in capital	194,634	192,308
Retained earnings	118,333	104,191
ESOP debt guarantee	-346	-552
Accumulated other comprehensive loss	-54,253	-56,155
Total shareholders' equity	258,565	239,987
Total liabilities and shareholders' equity	$576,251	$566,867

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical)	Sep. 30, 2013	Mar. 31, 2013
Common Stock Shares Authorized	50,000,000,000
Common Stock Shares Issued	19,692,580,000	19,507,939,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Retained Earnings (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues [Abstract]
Net sales	$138,852	$146,472	$277,743	$299,485
Cost of products sold	94,592	104,070	189,992	213,259
Gross profit	44,260	42,402	87,751	86,226
Operating Expenses [Abstract]
Selling expenses	17,281	16,447	34,028	32,814
General and administrative expenses	14,167	12,546	27,017	26,724
Amortization of intangibles	526	489	985	988
Total operating expenses	31,974	29,482	62,030	60,526
Income from operations	12,286	12,920	25,721	25,700
Other Income & Expenses [Abstract]
Interest and debt expense	3,372	3,505	6,743	7,004
Investment income	-276	-382	-492	-662
Foreign currency exchange loss (gain)	195	190	420	-146
Other income, net	-1,261	-173	-1,172	-495
Income before income tax expense	10,256	9,780	20,222	19,999
Income Tax Expense Benefit [Abstract]
Income tax expense	3,134	1,528	6,080	3,311
Net income	7,122	8,252	14,142	16,688
Retained Earnings Accumulated Deficit [Abstract]
Retained earnings - beginning of period	111,211	34,331	104,191	25,895
Retained earnings - end of period	$118,333	$42,583	$118,333	$42,583
Weighted Average Number Of Shares Outstanding Basic [Abstract]
Average basic shares outstanding	19,655	19,419	19,587	19,384
Weighted Average Number Of Shares Outstanding [Abstract]
Average diluted shares outstanding	19,959	19,581	19,866	19,546
Earnings Per Share Basic [Abstract]
Net income	$0.36	$0.42	$0.72	$0.86
Earnings Per Share Diluted [Abstract]
Net income	$0.36	$0.42	$0.71	$0.85

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Net income	$7,122		$8,252		$14,142		$16,688
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	3,065		2,517		2,935		-2,678
Change in derivatives qualifying as hedges, net of taxes of $82, ($31), $108, and ($69)	105	[1]	-91	[1]	191	[1]	-188	[1]
Change in pension liability and postretirement obligation	-115		-51		-120		34
Adjustments for unrealized gain on investments:
Unrealized holding gain (loss) arising during the period, net of tax	292	[1]	521	[1]	-142	[1]	401	[1]
Reclassification adjustment for (gain) loss included in net income, net of taxes of $392, $0, $518, and $0	-727	[1]	-170	[1]	-962	[1]	-253	[1]
Net change in unrealized (gain) loss on investments	-435		351		-1,104		148
Total other comprehensive income (loss)	2,620		2,726		1,902		-2,684
Comprehensive income	$9,742		$10,978		$16,044		$14,004

[1]	The zero net deferred tax benefit related to the unrealized holding gains and losses and reclassification adjustments during the three and six month periods ended September 30, 2012 is related to the deferred tax asset valuation allowanceB that was recorded in that period.

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Change in derivatives qualifying as hedges, taxes	$82	[1]	($31)	[1]	$108	[1]	($69)	[1]
Unrealized holding (loss) gain arising during the period, taxes	158	[1]	0	[1]	-76	[1]	0	[1]
Reclassification adjustment for (gain) loss included in net income, taxes	$392	[1]	$0	[1]	$518	[1]	$0	[1]

[1]	The zero net deferred tax benefit related to the unrealized holding gains and losses and reclassification adjustments during the three and six month periods ended September 30, 2012 is related to the deferred tax asset valuation allowanceB that was recorded in that period.

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Operating activities:
Net income	$14,142	$16,688
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,324	6,221
Deferred income taxes and related valuation allowance	-1,249	155
Gain on sale of real estate, investments, and other	-1,543	-315
Stock-based compensation	1,758	1,649
Amortization of deferred financing costs and discount on subordinated debt	436	192
Changes in operating assets and liabilities, net of effects of business acquisition:
Trade accounts receivable	5,074	4,618
Inventories	-10,433	-7,231
Prepaid expenses	-1,024	-3,477
Other assets	684	445
Trade accounts payable	-5,366	-6,002
Accrued and non-current liabilities	-7,094	-5,369
Net cash provided by operating activities	1,709	7,574
INVESTING ACTIVITIES:
Proceeds from sale of marketable securities	3,724	3,101
Purchases of marketable securities	-2,597	-1,936
Capital expenditures	-8,033	-4,080
Purchase of business	-5,847	0
Proceeds from sale of assets	0	1,482
Net cash used for investing activities	-12,753	-1,433
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	838	219
Net payments under lines-of-credit	0	-51
Repayment of debt	-295	-393
Change in ESOP guarantee	206	213
Net cash provided by (used for) financing activities	749	-12
Effect of exchange rate changes on cash	454	-675
Net change in cash and cash equivalents	-9,841	5,454
Cash and cash equivalents at beginning of period	121,660	89,473
Cash and cash equivalents at end of period	111,819	94,927
Supplementary cash flow data:
Interest paid	6,547	6,898
Income taxes paid, net of refunds	$7,465	$3,591

Description_of_Business

Description of Business	6 Months Ended
Description of Business	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business

	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of Columbus McKinnon Corporation (the Company) at September 30, 2013, the results of its operations for the three and six month periods ended September 30, 2013 and September 30, 2012, and cash flows for the six months ended September 30, 2013 and September 30, 2012, have been included. Results for the period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending March 31, 2014. The balance sheet at March 31, 2013 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Columbus McKinnon Corporation annual report on Form 10-K for the year ended March 31, 2013.

	The Company is a leading designer, marketer and manufacturer of material handling products and services which efficiently and safely move, lift, position and secure material. Key products include hoists, rigging tools, cranes, and actuators. The Company’s material handling products are sold globally, principally to third party distributors through diverse distribution channels, and to a lesser extent directly to end-users. During the three and six months ended September 30, 2013, approximately 57% and 58% of sales, respectively were to customers in the U.S.

Divestitures

Divestitures	6 Months Ended
Divestitures	Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures

	During the fiscal 2013 quarter ending September 30, 2012, the Company sold certain assets of the Gaffey division of Crane Equipment and Service, Inc. The sale of the Gaffey assets did not have a material effect on the Company’s financial statements for year ended March 31, 2013 and therefore was not reclassified as a discontinued operation.

Acquisitions

Acquisitions	6 Months Ended
	Sep. 30, 2013
Business Combination, Step Acquisition [Abstract]
Acquisitions	Acquisitions

	On June 1, 2013, the Company acquired 100% of the outstanding common shares of Hebetechnik Gesellschaft m.b.H (“Hebetechnik”) located in Austria, a privately owned company with annual sales of approximately $10,000,000. Hebetechnik has been a value-added partner of the Company in the lifting industry in the Austrian market for over 20 years. The results of Hebetechnik are included in the Company’s condensed consolidated financial statements from the date of acquisition. The acquisition of Hebetechnik is not considered significant to the Company’s consolidated financial position and results of operations.

	The acquisition was funded with existing cash. The purchase price has been preliminarily allocated to the assets acquired and liabilities assumed as of the date of acquisition. The excess consideration of $5,324,000 was recorded as goodwill. The identifiable intangible asset consists of order backlog at the date of the acquisition and is estimated to have a three month useful life. Goodwill recorded in connection with the acquisition will be deductible for Austrian tax purposes. The preliminary assignment of purchase consideration to the assets acquired and liabilities assumed, pending finalization of the determination of the fair values of the net assets acquired, is as follows (in thousands):



	Working capital	$	212

	Other current assets	58

	Property, plant and equipment	446

	Goodwill	5,324

	Long term debt	(193		)
	Total	$	5,847

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements

	Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 “Fair Value Measurements and Disclosures” establishes the standards for reporting financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value on a recurring basis (at least annually). Under these standards, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date.

	ASC Topic 820-10-35-37 establishes a hierarchy for inputs that may be used to measure fair value. Level 1 is defined as quoted prices in active markets that the Company has the ability to access for identical assets or liabilities. The fair value of the Company’s marketable securities is based on Level 1 inputs. Level 2 is defined as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. The Company primarily uses readily observable market data in conjunction with internally developed discounted cash flow valuation models when valuing its derivative portfolio and, consequently, the fair value of the Company’s derivatives is based on Level 2 inputs. The Company uses quoted prices in an inactive market when valuing its Subordinated Debt, represented by the 7 7/8% Notes due 2019, registered under the Securities Act of 1933, as amended (7 7/8% Notes) and, consequently, the fair value is based on Level 2 inputs. The carrying values of the Company’s senior debt and notes payable to banks approximate fair value based on current market interest rates for debt instruments of similar credit standing and, consequently, their fair values are based on Level 2 inputs. As of September 30, 2013 and March 31, 2013, the Company’s assets and liabilities measured or disclosed at fair value on recurring bases were as follows (in thousands):



		Fair value measurements at reporting date using
		September 30,			Quoted prices in active markets for identical assets		Significant other observable inputs			Significant unobservable inputs
	Description	2013			(Level 1)		(Level 2)			(Level 3)
	Assets/(Liabilities) measured at fair value:
	Marketable securities	$	22,612		$	22,612	$	—		$	—

	Derivative liabilities	(222		)	—		(222		)	—


	Liabilities disclosed at fair value:

	Subordinated debt	$	(160,125	)	$	—	$	(160,125	)	$	—

	Senior debt	(3,446		)	—		(3,446		)	—



		Fair value measurements at reporting date using
		March 31,			Quoted prices in active markets for identical assets		Significant other observable inputs			Significant unobservable inputs
	Description	2013			(Level 1)		(Level 2)			(Level 3)
	Assets/(Liabilities) measured at fair value:
	Marketable securities	$	23,951		$	23,951	$	—		$	—

	Derivative liabilities	(512		)	—		(512		)	—

	Other equity investments	1,508			1,508		—			—


	Liabilities disclosed at fair value:

	Subordinated debt	$	(160,500	)	$	—	$	(160,500	)	$	—

	Senior debt	(3,665		)	—		(3,665		)	—


	The carrying amount of these financial assets and liabilities are the same as their fair value with the exception of the subordinated debt whose carrying value is a liability of $148,549,000 at September 30, 2013 and $148,412,000 at March 31, 2013.

	Assets and liabilities that were measured on a non-recurring basis during the period ended September 30, 2013 include assets and liabilities acquired in connection with the acquisition of Hebetechnik described in Note 3. The estimated fair values allocated to the assets acquired and liabilities assumed relied upon fair value measurements based primarily on Level 3 inputs. The valuation techniques used to allocate fair values to working capital items; property, plant, and equipment; and identifiable intangible assets included the cost approach, market approach, and other income approaches. The valuation techniques relied on a number of inputs which included the cost and condition of property, plant, and equipment and forecasted net sales and income.

Inventories

Inventories	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]
Inventories	Inventories

	Inventories consisted of the following (in thousands):



		September 30,			March 31,
		2013			2013
	At cost - FIFO basis:
	Raw materials	$	56,638		$	52,900

	Work-in-process	17,102			10,813

	Finished goods	52,454			50,722

		126,194			114,435

	LIFO cost less than FIFO cost	(19,802		)	(20,246		)
	Net inventories	$	106,392		$	94,189


	An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must necessarily be based on management's estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management's control, estimated interim results are subject to change in the final year-end LIFO inventory valuation.

Marketable_Securities

Marketable Securities	6 Months Ended
	Sep. 30, 2013
Marketable Securities [Abstract]
Marketable Securities	Marketable Securities

	All of the Company’s marketable securities, which consist of equity securities and fixed income securities, have been classified as available-for-sale securities and are therefore recorded at their fair values with the unrealized gains and losses, net of tax, reported in accumulated other comprehensive loss in the shareholders’ equity section of the balance sheet unless unrealized losses are deemed to be other than temporary. In such instances, the unrealized losses are reported in the consolidated statements of operations and retained earnings within investment income. Estimated fair value is based on published trading values at the balance sheet dates. The cost of securities sold is based on the specific identification method. Interest and dividend income are included in investment income in the consolidated statements of operations and retained earnings.

	The marketable securities are carried as long-term assets since they are held for the settlement of the Company’s general and products liability insurance claims filed through CM Insurance Company, Inc., a wholly owned captive insurance subsidiary. The marketable securities are not available for general working capital purposes.

	In accordance with ASC Topic 320-10-35-30 “Investments – Debt & Equity Securities – Subsequent Measurement,” the Company reviews its marketable securities for declines in market value that may be considered other-than-temporary. The Company generally considers market value declines to be other-than-temporary if there are declines for a period longer than six months and in excess of 20% of original cost, or when other evidence indicates impairment. We also consider the nature of the underlying investments, our intent and ability to hold the investments until their market values recover to costs, and other market conditions in making this assessment. There were no other-than-temporary impairments for the three and six months ended September 30, 2013 or September 30, 2012.

	The following is a summary of available-for-sale securities at September 30, 2013 (in thousands):



		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	Marketable securities	$	20,788	$	2,062	$	238	$	22,612





	The aggregate fair value of investments and unrealized losses on available-for-sale securities in an unrealized loss position at September 30, 2013 are as follows (in thousands):


		Aggregate Fair Value		Unrealized Losses
	Securities in a continuous loss position for less than 12 months	$	7,257	$	238

	Securities in a continuous loss position for more than 12 months	—		—

		$	7,257	$	238


	Net realized gains related to sales of marketable securities were $91,000 and $170,000, in the three month periods ended September 30, 2013 and September 30, 2012, respectively and $127,000 and $253,000 for the six month periods then ended, respectively.

	In addition to the above, during the three and six months ended September 30, 2013 the Company sold certain equity securities previously recorded on the Condensed Consolidated Balance Sheets in prepaid expenses and other resulting in a gain of $1,028,000 and $1,354,000, respectively. This gain has been recorded within other (income) expense, net in the condensed consolidated statements of operations and retained earnings.

	The following is a summary of available-for-sale securities at March 31, 2013 (in thousands):



		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	Marketable securities	$	21,635	$	2,335	$	19	$	23,951

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	6 Months Ended
	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets

	Goodwill is not amortized but is tested for impairment at least annually, in accordance with the provisions of ASC Topic 350-20-35-1. Goodwill impairment is deemed to exist if the net book value of a reporting unit exceeds its estimated fair value. The fair value of a reporting unit is determined using a discounted cash flow methodology. The Company’s reporting units are determined based upon whether discrete financial information is available and reviewed regularly, whether those units constitute a business, and the extent of economic similarities between those reporting units for purposes of aggregation. The Company’s reporting units identified under ASC Topic 350-20-35-33 are at the component level, or one level below the reporting segment level as defined under ASC Topic 280-10-50-10 “Segment Reporting – Disclosure.” The Company has four reporting units. Only two of the four reporting units carry goodwill at September 30, 2013 and March 31, 2013.

	When we evaluate the potential for goodwill impairment, we assess a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for our products and services, regulatory and political developments, entity specific factors such as strategy and changes in key personnel and overall financial performance. If, after completing this assessment, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value, we proceed to a two-step impairment test.

	In accordance with ASC Topic 350-20-35-3, the measurement of impairment of goodwill consists of two steps. In the first step, the Company compares the fair value of each reporting unit to its carrying value. As part of the impairment analysis, the Company determines the fair value of each of its reporting units with goodwill using the income approach. The income approach uses a discounted cash flow methodology to determine fair value. This methodology recognizes value based on the expected receipt of future economic benefits. Key assumptions in the income approach include a free cash flow projection, an estimated discount rate, a long-term growth rate and a terminal value. These assumptions are based upon the Company’s historical experience, current market trends and future expectations.

	We performed our qualitative assessment during the fourth quarter of fiscal year 2013 and determined it was not more likely than not that the fair value of each of our reporting units was less than its applicable carrying value. Accordingly, we did not perform the two-step goodwill impairment test for any of our reporting units.

	Future impairment indicators, such as declines in forecasted cash flows, may cause additional significant impairment charges. Impairment charges could be based on such factors as the Company’s stock price, forecasted cash flows, assumptions used, control premiums or other variables.

	A summary of changes in goodwill during the three months ended September 30, 2013 is as follows (in thousands):



	Balance at April 1, 2013	$	105,354

	Acquisition of Hebetechnik (See Note 3)	5,324

	Currency translation	1,223

	Balance at September 30, 2013	$	111,901


	Identifiable intangible assets acquired in a business combination are amortized over their useful lives unless their useful lives are indefinite, in which case those intangible assets are tested for impairment annually (or upon identification of impairment indicators) and not amortized until their lives are determined to be finite.

	Identifiable intangible assets are summarized as follows (in thousands):



			September 30, 2013							March 31, 2013
			Gross		Accumulated			Net		Gross		Accumulated			Net
			Carrying		Amortization					Carrying		Amortization
			Amount							Amount
	Trademark		$	5,863	$	(1,606	)	$	4,257	$	5,556	$	(1,370	)	$	4,186

	Customer relationships		14,904		(6,922		)	7,982		14,166		(5,894		)	8,272

	Other		1,043		(376		)	667		1,235		(298		)	937

	Total		$	21,810	$	(8,904	)	$	12,906	$	20,957	$	(7,562	)	$	13,395


	Based on the current amount of identifiable intangible assets, the estimated amortization expense for each of the fiscal years 2014 through 2018 is expected to be approximately $1,700,000.

Derivative_Instruments

Derivative Instruments	6 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments

	The Company uses derivative instruments to manage selected foreign currency exposures. The Company does not use derivative instruments for speculative trading purposes. All derivative instruments must be recorded on the balance sheet at fair value. For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is recorded as accumulated other comprehensive gain (loss), or “AOCL”, and is reclassified to earnings when the underlying transaction has an impact on earnings. The ineffective portion of changes in the fair value of the derivative is reported in foreign currency exchange loss (gain) in the Company’s condensed consolidated statement of operations and retained earnings. For derivatives not classified as cash flow hedges, all changes in market value are recorded as a foreign currency exchange loss (gain) in the Company’s condensed consolidated statements of operations and retained earnings.

	The Company has foreign currency forward agreements in place to hedge changes in the value of recorded foreign currency liabilities due to changes in foreign exchange rates at the settlement date. The notional amount of those derivatives is $3,532,000 and all contracts mature within twelve months. These contracts are marked to market each balance sheet date and are not designated as hedges.

	The Company has foreign currency forward agreements that are designated as cash flow hedges to hedge a portion of forecasted inventory purchases and sales, including multi-year contracts related to capital project sales, denominated in a foreign currency. The notional amount of those derivatives is $8,053,000 and all contracts mature within twelve months of September 30, 2013.

	The Company is exposed to credit losses in the event of non performance by the counterparties on its financial instruments. All counterparties have investment grade credit ratings. The Company anticipates that these counterparties will be able to fully satisfy their obligations under the contracts. The Company has derivative contracts with three different counterparties as of September 30, 2013.





	The following is the effect of derivative instruments on the condensed consolidated statement of operations and retained earnings for the three months ended September 30, 2013 and 2012 (in thousands):



	September 30,		Derivatives Designated as Cash Flow Hedges		Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)				Location of Gain or (Loss) Recognized in Income on Derivatives		Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
	2013		Foreign exchange contracts		$	25			Cost of products sold		$	(80	)

	2012		Foreign exchange contracts		(68		)		Cost of products sold		24





	September 30,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives	Amount of Gain Recognized in Income on Derivatives
	2013	Foreign exchange contracts	Foreign currency exchange gain	$	(60	)
	2012	Foreign exchange contracts	Foreign currency exchange gain	(77		)

	The following is the effect of derivative instruments on the condensed consolidated statement of operations and retained earnings for the six months ended September 30, 2013 and 2012 (in thousands):



	September 30,		Derivatives Designated as Cash Flow Hedges		Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)				Location of Gain or (Loss) Recognized in Income on Derivatives		Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
	2013		Foreign exchange contracts		$	116			Cost of products sold		$	(75	)

	2012		Foreign exchange contracts		(73		)		Cost of products sold		116




	September 30,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives	Amount of Gain Recognized in Income on Derivatives
	2013	Foreign exchange contracts	Foreign currency exchange gain	$	70

	2012	Foreign exchange contracts	Foreign currency exchange gain	534


	As of September 30, 2013, the Company had no derivatives designated as net investments or fair value hedges in accordance with ASC Topic 815, “Derivatives and Hedging.”

	The following is information relative to the Company’s derivative instruments in the condensed consolidated balance sheet as of September 30, 2013 (in thousands):



					Fair Value of Asset (Liability)
	Derivatives Designated as Hedging Instruments		Balance Sheet Location		September 30, 2013				March 31,
									2013
	Foreign exchange contracts		Other Assets		$	63			$	8

	Foreign exchange contracts		Accrued Liabilities		$	(207	)		$	(511	)

	Derivatives Not Designated as Hedging Instruments		Balance Sheet Location		September 30, 2013				March 31,
									2013
Foreign exchange contracts		Other Assets		$	—			$	95

Foreign exchange contracts		Accrued Liabilities		$	(78	)		$	(104	)

Debt

Debt	6 Months Ended
Debt	Sep. 30, 2013
Debt Disclosure [Abstract]
Debt	Debt

	The Company entered into a fifth amended, restated and expanded revolving credit facility dated October 19, 2012 (New Revolving Credit Facility). The New Revolving Credit Facility provides availability up to a maximum of $100,000,000 and has an initial term ending October 31, 2017.

	Provided there is no default, the Company may request an increase in the availability of the New Revolving Credit Facility by an amount not exceeding $75,000,000, subject to lender approval. The unused portion of the New Revolving Credit Facility totaled $91,523,000 net of outstanding borrowings of $0 and outstanding letters of credit of $8,477,000 as of September 30, 2013. The outstanding letters of credit at September 30, 2013 consisted of $3,788,000 in commercial letters of credit and $4,689,000 of standby letters of credit. Interest on the revolver is payable at varying Eurodollar rates based on LIBOR plus an applicable margin of 100 basis points or at a Base Rate (equivalent to a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.”) plus 0 basis points. The applicable margin is determined based on the pricing grid in the New Revolving Credit Facility which varies based on the Company’s total leverage ratio at September 30, 2013. The New Revolving Credit Facility is secured by all U.S. inventory, receivables, equipment, real property, subsidiary stock (limited to 65% of non-U.S. subsidiaries) and intellectual property.

	The corresponding credit agreement associated with the New Revolving Credit Facility places certain debt covenant restrictions on the Company, including certain financial requirements and restrictions on dividend payments, with which the Company was in compliance as of September 30, 2013. Key financial covenants include a minimum fixed charge coverage ratio of 1.25x, a maximum total leverage ratio, net of cash, of 3.50x and maximum annual capital expenditures of $30,000,000.

	In connection with the execution of the New Revolving Credit Facility, it was determined that the borrowing capacity of each lender participating in this new agreement exceeded their borrowing capacities prior to the amendment. As a result, unamortized deferred financing costs associated with the agreement prior to its amendment remain deferred and are being amortized over the term of the New Revolving Credit Facility. Fees and other costs paid to execute the New Revolving Credit Facility totaling $684,000 were recorded as additional deferred financing costs and are being amortized over the term of the New Revolving Credit Facility.

	At March 31, 2012, the Company had entered into an amended, restated and expanded revolving credit facility dated December 31, 2009. The Revolving Credit Facility provided availability up to a maximum of $85,000,000 and had an initial term ending December 31, 2013. The Revolving Credit Facility was replaced by the New Revolving Credit Facility on October 19, 2012. On January 25, 2011, the Company issued $150,000,000 principal amount of 7 7/8% Senior Subordinated Notes due 2019 in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (Unregistered 7 7/8% Notes). The offering price of the Unregistered 7 7/8% Notes was 98.545% of par after adjustment for original issue discount.

	Provisions of the Unregistered 7 7/8% Notes include, without limitation, restrictions on indebtedness, asset sales, and dividends and other restricted payments. Until February 1, 2014, the Company may redeem up to 35% of the outstanding Unregistered 7 7/8% Notes at a redemption price of 107.875% with the proceeds of equity offerings, subject to certain restrictions. On or after February 1, 2015, the Unregistered 7 7/8% Notes are redeemable at the option of the Company, in whole or in part, at a redemption price of 103.938%, reducing to 101.969% and 100% on February 1, 2016 and February 1, 2017, respectively and are due February 1, 2019. In the event of a Change of Control (as defined in the indenture for such notes), each holder of the Unregistered 7 7/8% Notes may require the Company to repurchase all or a portion of such holder’s Unregistered 7 7/8% Notes at a purchase price equal to 101% of the principal amount thereof. The Unregistered 7 7/8% Notes are guaranteed by certain existing and future U.S. subsidiaries and are not subject to any sinking fund requirements.

	On June 2, 2011 the Company exchanged $150,000,000 of its outstanding Unregistered 7 7/8% Notes due 2019 for a like principal amount of its 7 7/8% Notes. All of the Unregistered 7 7/8% Senior Subordinated Notes due 2019 were exchanged in the transaction. The 7 7/8% Notes contain identical terms and provisions as the Unregistered 7 7/8% Notes.

	The current and long term portion of the Company’s other senior debt consists primarily of capital lease obligations.

	Unsecured and uncommitted lines of credit are available to meet short-term working capital needs for certain of our subsidiaries operating outside of the U.S. The lines of credit are available on an offering basis, meaning that transactions under the line of credit will be on such terms and conditions, including interest rate, maturity, representations, covenants and events of default, as mutually agreed between our subsidiaries and the local bank at the time of each specific transaction. As of September 30, 2013, unsecured credit lines totaled approximately $6,763,000, of which $0 was drawn. In addition, unsecured lines of $12,511,000 were available for bank guarantees issued in the normal course of business of which $6,296,000 was utilized. Finally, in addition to the above facilities, one of our foreign subsidiaries has a credit line secured by a parent company guarantee. This credit line provides availability of up to $980,000, of which $0 was drawn as of September 30, 2013.

	Refer to the Company’s consolidated financial statements included in its annual report on Form 10-K for the year ended March 31, 2013 for further information on its debt arrangements.

Net_Periodic_Benefit_Cost

Net Periodic Benefit Cost	6 Months Ended
	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]
Net Periodic Benefit Cost	Net Periodic Benefit Cost

	The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands):



		Three months ended						Six months ended
		September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
	Service costs	$	629		$	613		$	1,253		$	1,226

	Interest cost	2,418			2,469			4,827			4,938

	Expected return on plan assets	(3,157		)	(2,803		)	(6,314		)	(5,606		)
	Net amortization	1,582			1,497			3,159			2,995

	Net periodic pension cost	$	1,472		$	1,776		$	2,925		$	3,553

	The Company currently plans to contribute approximately $11,000,000 to its pension plans in fiscal 2014.

	The following table sets forth the components of net periodic postretirement benefit cost for the Company’s defined benefit postretirement plans (in thousands):



		Three months ended						Six months ended
		September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
	Interest cost	$	63		$	78		$	125		$	156

	Amortization of plan net losses	22			36			43			72

	Net periodic postretirement cost	$	85		$	114		$	168		$	228


	For additional information on the Company’s defined benefit pension and postretirement benefit plans, refer to the consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended March 31, 2013.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share

	The following table sets forth the computation of basic and diluted earnings per share (in thousands):


		Three Months Ended				Six Months Ended
		September 30, 2013		September 30, 2012		September 30, 2013		September 30, 2012
	Numerator for basic and diluted earnings per share:
	Net income	$	7,122	$	8,252	$	14,142	$	16,688


	Denominators:

	Weighted-average common stock outstanding – denominator for basic EPS	19,655		19,419		19,587		19,384

	Effect of dilutive employee stock options and other share-based awards	304		162		279		162

	Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS	19,959		19,581		19,866		19,546


	Stock options and performance shares with respect to 17,000 and 290,000 common shares for the three month periods ended September 30, 2013 and 2012, respectively, and 47,000 and 290,000 common shares for the six month periods ended September 30, 2013 and 2012, respectively were not included in the computation of diluted earnings per share for September 30, 2013 and 2012, respectively because they were antidilutive.

	On July 26, 2010, the shareholders of the Company approved the 2010 Long Term Incentive Plan (“LTIP”). The Company grants share based compensation to eligible participants under the LTIP. The total number of shares of common stock with respect to which awards may be granted under the plan is 1,250,000 including shares not previously authorized for issuance under any of the Prior Stock Plans and any shares not issued or subject to outstanding awards under the Prior Stock Plans.

	During the first six months of fiscal 2014 and 2013, a total of 116,623 and 28,298 shares of stock were issued upon the exercising of stock options related to the Company’s stock option plans. During the fiscal year ended March 31, 2013, 58,539 shares of restricted stock units vested and were issued.

	Refer to the Company’s consolidated financial statements included in its Form 10-K for the year ended March 31, 2013 for further information on its earnings per share and stock plans.

Loss_Contingencies

Loss Contingencies	6 Months Ended
Loss Contingencies	Sep. 30, 2013
Loss Contingency [Abstract]
Loss Contingencies	Loss Contingencies

	Like many industrial manufacturers, the Company is involved in asbestos-related litigation. In continually evaluating costs relating to its estimated asbestos-related liability, the Company reviews, among other things, the incidence of past and recent claims, the historical case dismissal rate, the mix of the claimed illnesses and occupations of the plaintiffs, its recent and historical resolution of the cases, the number of cases pending against it, the status and results of broad-based settlement discussions, and the number of years such activity might continue. Based on this review, the Company has estimated its share of liability to defend and resolve probable asbestos-related personal injury claims. This estimate is highly uncertain due to the limitations of the available data and the difficulty of forecasting with any certainty the numerous variables that can affect the range of the liability. The Company will continue to study the variables in light of additional information in order to identify trends that may become evident and to assess their impact on the range of liability that is probable and estimable.

	Based on actuarial information, the Company has estimated its asbestos-related aggregate liability including related legal costs to range between $8,000,000 and $13,000,000 using actuarial parameters of continued claims for a period of 18 to 30 years from September 30, 2013. The Company's estimation of its asbestos-related aggregate liability that is probable and estimable, in accordance with U.S. generally accepted accounting principles approximates $10,400,000, which has been reflected as a liability in the consolidated financial statements as of September 30, 2013. The recorded liability does not consider the impact of any potential favorable federal legislation. This liability will fluctuate based on the uncertainty in the number of future claims that will be filed and the cost to resolve those claims, which may be influenced by a number of factors, including the outcome of the ongoing broad-based settlement negotiations, defensive strategies, and the cost to resolve claims outside the broad-based settlement program. Of this amount, management expects to incur asbestos liability payments of approximately $2,400,000 over the next 12 months. Because payment of the liability is likely to extend over many years, management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period.

	The Company is also involved in other unresolved legal actions that arise in the normal course of business. The most prevalent of these unresolved actions involve disputes related to product design, manufacture and performance liability. The Company's estimation of its product-related aggregate liability that is probable and estimable, in accordance with U.S. generally accepted accounting principles approximates $5,900,000, which has been reflected as a liability in the consolidated financial statements as of September 30, 2013. In some cases, we cannot reasonably estimate a range of loss because there is insufficient information regarding the matter. Management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period.

Income_Taxes

Income Taxes	6 Months Ended
Income Taxes	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes

	Income tax expense as a percentage of income from continuing operations before income tax expense was 31% and 16% in the quarter ended September 30, 2013 and September 30, 2012, respectively and 30% and 17% for the six-month periods then ended, respectively. Typically these percentages vary from the U.S. statutory rate primarily due to varying effective tax rates at the Company's foreign subsidiaries, and the jurisdictional mix of taxable income for these subsidiaries. We estimate that the effective tax rate related to continuing operations will be approximately 27% to 32% for fiscal 2014.

	For the three and six month periods ended September 30, 2012, income taxes as a percentage of income before income taxes were not reflective of U.S. statutory rates. The Company had a valuation allowance of $53,325,000 at March 31, 2012 due to the uncertainty of whether U.S. federal and certain foreign net operating loss carryforwards ("NOLs") and deferred tax assets might ultimately be realized. In fiscal year 2013, we utilized the remaining U.S. federal NOLs thereby, reducing the valuation allowance by $5,107,000. As a result of our increased operating performance over the past several years, we reevaluated the certainty as to whether our remaining NOLs and other deferred tax assets may ultimately be realized. Management concluded that it is more likely than not that almost all of the remaining U.S. deferred tax assets will be realized; therefore, $49,161,000 of the remaining valuation allowance was reversed as of March 31, 2013.

Summary_Financial_Information

Summary Financial Information	6 Months Ended
	Sep. 30, 2013
Summary Financial Information [Abstract]
Summary Financial Information	Summary Financial Information

	The following information (in thousands) sets forth the condensed consolidating summary financial information of the parent and guarantors, which guarantee the 7 7/8% Senior Subordinated Notes, and the nonguarantors. The guarantors are 100% owned and the guarantees are full, unconditional, joint and several.



			Parent			Guarantors			Non				Eliminations				Consolidated
									Guarantors
	As of September 30, 2013
	ASSETS
	Current assets:
	Cash and cash equivalents		$	76,834		$	—		$	34,985			$	—			$	111,819

	Trade accounts receivable, less allowance for doubtful accounts		32,896			3,955			40,001				—				76,852

	Inventories		30,527			15,054			60,811				—				106,392

	Prepaid expenses and other		10,373			1,638			7,071				—				19,082

	Total current assets		150,630			20,647			142,868				—				314,145

	Net property, plant, and equipment		38,242			11,813			19,057				—				69,112

	Goodwill		40,696			31,025			40,180				—				111,901

	Other intangibles, net		272			—			12,634				—				12,906

	Intercompany		19,904			51,769			(71,673		)		—				—

	Marketable securities		—			—			22,612				—				22,612

	Deferred taxes on income		27,701			2,389			8,994				—				39,084

	Investment in subsidiaries		203,753			—			—				(203,753		)		—

	Other assets		5,941			525			25				—				6,491

	Total assets		$	487,139		$	118,168		$	174,697			$	(203,753	)		$	576,251


	LIABILITIES AND SHAREHOLDERS’ EQUITY

	Current liabilities:

	Trade accounts payable		$	11,197		$	5,104		$	13,165			$	—			$	29,466

	Accrued liabilities		20,455			3,398			25,466				—				49,319

	Current portion of long-term debt					331			788				—				1,119

	Total current liabilities		31,652			8,833			39,419				—				79,904

	Senior debt, less current portion		—			1,479			848				—				2,327

	Subordinated debt		148,549			—			—				—				148,549

	Other non-current liabilities		48,373			5,825			32,708				—				86,906

	Total liabilities		228,574			16,137			72,975				—				317,686

	Total shareholders’ equity		258,565			102,031			101,722				(203,753		)		258,565

	Total liabilities and shareholders’ equity		$	487,139		$	118,168		$	174,697			$	(203,753	)		$	576,251




		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Three Months Ended September 30, 2013:

Net sales		$	58,194		$	31,703		$	62,870			$	(13,915	)		$	138,852

Cost of products sold		40,800			25,285			42,422				(13,915		)		94,592

Gross profit		17,394			6,418			20,448				—				44,260

Selling expenses		6,244			1,284			9,753				—				17,281

General and administrative expenses		4,671			3,598			5,898				—				14,167

Amortization of intangibles		24			—			502				—				526

Income from operations		6,455			1,536			4,295				—				12,286

Interest and debt expense		3,241			44			87				—				3,372

Investment income		—			—			(276		)		—				(276		)

Foreign currency exchange loss		24			—			171				—				195

Other (income) and expense, net		(1,452		)	(816		)	1,007				—				(1,261		)

Income before income tax expense		4,642			2,308			3,306				—				10,256

Income tax expense (benefit)		1,241			1,117			776				—				3,134

Equity in income from continuing operations of subsidiaries		3,721			—			—				(3,721		)		—

Net income		$	7,122		$	1,191		$	2,530			$	(3,721	)		$	7,122



		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2013:
Net sales		$	118,194		$	66,525		$	121,313			$	(28,289	)		$	277,743

Cost of products sold		82,046			52,626			83,609				(28,289		)		$	189,992

Gross profit		36,148			13,899			37,704				—				87,751

Selling expenses		11,984			2,693			19,351				—				$	34,028

General and administrative expenses		8,506			7,823			10,688				—				$	27,017

Amortization of intangibles		47			—			938				—				$	985

Income from operations		15,611			3,383			6,727				—				25,721

Interest and debt expense		6,485			90			168				—				$	6,743

Investment income		—			—			(492		)		—				$	(492	)

Foreign currency exchange loss		40			—			380				—				$	420

Other (income) and expense, net		(2,140		)	(1,580		)	2,548				—				$	(1,172	)

Income before income tax expense		11,226			4,873			4,123				—				20,222

Income tax expense (benefit)		3,508			2,000			572				—				$	6,080

Equity in income from continuing operations of subsidiaries		6,424			—			—				(6,424		)		$	—

Net income		$	14,142		$	2,873		$	3,551			$	(6,424	)		$	14,142





For the Three Months Ended September 30, 2013
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	7,122		$	1,191		$	2,530			$	(3,721	)		$	7,122

Other comprehensive income (loss), net of tax:																$	—

Foreign currency translation adjustments		—			3,733			(668		)		—				$	3,065

Change in derivatives qualifying as hedges, net of tax		75			—			30				—				$	105

Change in pension liability and post-retirement obligations, net of tax		—			—			(115		)		—				$	(115	)

Adjustments:

Unrealized holding gains (losses) arising during the period, net of tax		96			—			196				—				$	292

Reclassification adjustment for loss included in net income, net of tax		(880		)	—			153				—				$	(727	)

Total adjustments		(784		)	—			349				—				(435		)

Total other comprehensive income (loss)		(709		)	3,733			(404		)		—				2,620

Comprehensive income (loss)		$	6,413		$	4,924		$	2,126			$	(3,721	)		$	9,742




For the Six Months Ended September 30, 2013
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	14,142		$	2,873		$	3,551			$	(6,424	)		$	14,142

Other comprehensive income (loss), net of tax:																$	—

Foreign currency translation adjustments		—			5,052			(2,117		)		—				$	2,935

Change in derivatives qualifying as hedges, net of tax		26			—			165				—				$	191

Change in Pension liability and post-retirement obligations, net of tax		—			—			(120		)		—				$	(120	)

Adjustments:																$	—

Unrealized holding gains (loss) arising during the period, net of tax		96			—			(238		)		—				$	(142	)

Reclassification adjustment for loss included in net income, net of tax		(880		)	—			(82		)		—				$	(962	)

Total adjustments		(784		)	—			(320		)		—				(1,104		)

Total other comprehensive income (loss)		(758		)	5,052			(2,392		)		—				1,902

Comprehensive income (loss)		$	13,384		$	7,925		$	1,159			$	(6,424	)		$	16,044





		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2013:
Operating activities:
Net cash (used for) provided by operating activities		$	10,999		$	1,267		$	(10,557	)		$	—			$	1,709

Investing activities:																$	—

Proceeds from sale of marketable securities		—			—			3,724				—				$	3,724

Purchases of marketable securities		—			—			(2,597		)		—				$	(2,597	)

Capital expenditures		(1,318		)	(1,116		)	(5,599		)		—				$	(8,033	)

Purchase of business					—			(5,847		)		—				$	(5,847	)

Intercompany transactions		(13,303		)	—			13,303				—				$	—

Net cash used for investing activities		(14,621		)	(1,116		)	2,984				—				(12,753		)

Financing activities:																$	—

Proceeds from exercise of stock options		838			—			—				—				$	838

Repayment of debt		—			(151		)	(144		)		—				$	(295	)

Change in ESOP debt guarantee		206			—			—				—				$	206

Net cash provided by (used for) financing activities		1,044			(151		)	(144		)		—				749

Effect of exchange rate changes on cash		—			—			454				—				$	454

Net change in cash and cash equivalents		(2,578		)	—			(7,263		)		—				(9,841		)

Cash and cash equivalents at beginning of year		79,412			—			42,248				—				$	121,660

Cash and cash equivalents at end of year		$	76,834		$	—		$	34,985			$	—			$	111,819



		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
As of March 31, 2013:
ASSETS
Current assets:
Cash and cash equivalents		$	79,412		$	—		$	42,248			$	—			$	121,660

Trade accounts receivable, less allowance for doubtful accounts		37,967			4,068			38,189				—				80,224

Inventories		28,117			14,230			51,842				—				$	94,189

Prepaid expenses and other		10,850			1,371			5,684				—				17,905

Total current assets		156,346			19,669			137,963				—				313,978

Net property, plant, and equipment		39,552			11,612			14,534				—				65,698

Goodwill		40,696			31,025			33,633				—				$	105,354

Other intangibles, net		253			—			13,142				—				13,395

Intercompany transactions		5,805			63,368			(69,173		)		—				$	—

Marketable securities		—			—			23,951				—				23,951

Deferred taxes on income		27,215			2,389			7,601				—				$	37,205

Investment in subsidiaries		203,753			—			—				(203,753		)		—

Other assets		6,690			525			71				—				$	7,286

Total assets		$	480,310		$	128,588		$	161,722			$	(203,753	)		$	566,867


LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:

Trade accounts payable		$	17,433		$	7,018		$	9,878			$	—			34,329

Accrued liabilities		21,710			3,952			23,222				—				$	48,884

Current portion of long-term debt		—			311			713				—				1,024

Total current liabilities		39,143			11,281			33,813				—				84,237

Senior debt, less current portion		—			1,650			991				—				2,641

Subordinated debt		148,412			—			—				—				$	148,412

Other non-current liabilities		52,768			5,875			32,947				—				91,590

Total liabilities		240,323			18,806			67,751				—				326,880

Total shareholders’ equity		239,987			109,782			93,971				(203,753		)		239,987

Total liabilities and shareholders’ equity		$	480,310		$	128,588		$	161,722			$	(203,753	)		$	566,867




		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Three Months Ended September 30, 2012:

Net sales		$	57,560		$	39,624		$	63,192			$	(13,904	)		$	146,472

Cost of products sold		40,826			33,243			43,905				(13,904		)		104,070

Gross profit		16,734			6,381			19,287				—				42,402

Selling expenses		5,520			1,500			9,427				—				16,447

General and administrative expenses		4,172			3,602			4,772				—				$	12,546

Amortization of intangibles		24			—			465				—				489

Income from operations		7,018			1,279			4,623				—				12,920

Interest and debt expense		2,746			632			127				—				3,505

Investment income		—			—			(382		)		—				$	(382	)

Foreign currency exchange gain		9			—			181				—				190

Other (income) and expense, net		(127		)	5			(51		)		—				$	(173	)

Income before income tax expense		4,390			642			4,748				—				9,780

Income tax expense		623			—			905				—				$	1,528

Equity in income from continuing operations of subsidiaries		4,485			—			—				(4,485		)		—

Net income		$	8,252		$	642		$	3,843			$	(4,485	)		$	8,252



		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2012:
Net sales		$	116,730		$	83,199		$	127,186			$	(27,630	)		$	299,485

Cost of products sold		84,230			69,836			86,823				(27,630		)		213,259

Gross profit		32,500			13,363			40,363				—				86,226

Selling expenses		11,427			3,133			18,254				—				32,814

General and administrative expenses		8,902			7,998			9,824				—				$	26,724

Amortization of intangibles		47			—			941				—				988

Income from operations		12,124			2,232			11,344				—				25,700

Interest and debt expense		6,098			684			222				—				7,004

Investment income		—			—			(662		)		—				$	(662	)

Foreign currency exchange gain		(25		)	—			(121		)		—				(146		)

Other (income) and expense, net		(145		)	16			(366		)		—				$	(495	)

Income before income tax expense		6,196			1,532			12,271				—				19,999

Income tax (benefit) expense		(233		)	80			3,464				—				$	3,311

Equity in income from continuing operations of subsidiaries		10,259			—			—				(10,259		)		—

Net income		$	16,688		$	1,452		$	8,807			$	(10,259	)		$	16,688





For the Three Months Ended September 30, 2012
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	8,252		$	642		$	3,843			$	(4,485	)		$	8,252

Other comprehensive income (loss), net of tax:

Foreign currency translation adjustments		—			—			2,517				—				$	2,517

Change in derivatives qualifying as hedges, net of tax		31			—			(122		)		—				$	(91	)

Change in pension liability and post-retirement obligations, net of tax		—			—			(51		)		—				(51		)

Adjustments:

Unrealized holding gain (loss) arising during the period, net of tax		—			—			521				—				$	521

Reclassification adjustment for loss included in net income, net of tax		—			—			(170		)		—				$	(170	)

Total adjustments		—			—			351				—				351

Total other comprehensive income		31			—			2,695				—				2,726

Comprehensive income		$	8,283		$	642		$	6,538			$	(4,485	)		$	10,978




For the Six Months Ended September 30, 2012
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	16,688		$	1,452		$	8,807			$	(10,259	)		$	16,688

Other comprehensive income (loss), net of tax:

Foreign currency translation adjustments		—			—			(2,678		)		—				$	(2,678	)

Change in derivatives qualifying as hedges, net of tax		43			—			(231		)		—				$	(188	)

Change in pension liability and post-retirement obligations, net of tax		—			—			34				—				34

Adjustments:

Unrealized holding gain (loss) arising during the period, net of tax		—			—			401				—				$	401

Reclassification adjustment for loss included in net income, net of tax		—			—			(253		)		—				$	(253	)

Total adjustments		—			—			148				—				148

Total other comprehensive income (loss)		43			—			(2,727		)		—				(2,684		)

Comprehensive income		$	16,731		$	1,452		$	6,080			$	(10,259	)		$	14,004









		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2012:
Operating activities:
Net cash (used for) provided by operating activities		$	6,557		$	(1,276	)	$	2,293			$	—			$	7,574

Investing activities:
Proceeds from sale of marketable securities		—			—			3,101				—				$	3,101

Purchases of marketable securities		—			—			(1,936		)		—				(1,936		)

Capital expenditures		(3,354		)	(211		)	(515		)		—				$	(4,080	)

Proceeds from sale of assets		—			1,482			—				—				$	1,482

Net cash used for investing activities		(3,354		)	1,271			650				—				(1,433		)

Financing activities:

Proceeds from stock options exercised		219			—			—				—				219

Net payments under lines-of-credit		—			—			(51		)		—				$	(51	)

Other		213			—			(393		)		—				(180		)

Net cash provided by (used for) financing activities		432			—			(444		)		—				(12		)

Effect of exchange rate changes on cash		—			—			(675		)		—				(675		)

Net change in cash and cash equivalents		3,635			(5		)	1,824				—				5,454

Cash and cash equivalents at beginning of year		55,958			5			33,510				—				89,473

Cash and cash equivalents at end of year		$	59,593		$	—		$	35,334			$	—			$	94,927

Changes_in_Other_Comprehensive

Changes in Other Comprehensive Loss	6 Months Ended
Changes in Other Comprehensive Loss	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in Other Comprehensive Loss	Changes in Other Comprehensive Loss

	Changes in AOCL by component for the three-month period ended September 30, 2013 are as follows (in thousands):




			Three months ended September 30, 2013
			Three months ended September 30, 2013
			Unrealized Investment Gain				Retirement Obligations			Foreign Currency		Change in Derivatives Qualifying as Hedges			Total
			Unrealized Investment Gain				Retirement Obligations			Foreign Currency		Change in Derivatives Qualifying as Hedges			Total
	Beginning Balance Net of Tax		$	2,139			$	(60,720	)	$	2,075	$	(367	)	$	(56,873	)
	Beginning Balance Net of Tax		$	2,139			$	(60,720	)	$	2,075	$	(367	)	$	(56,873	)
	Other Comprehensive (loss) income before reclassification		292				(1,238		)	3,065		25			2,144
	Other Comprehensive (loss) income before reclassification		292				(1,238		)	3,065		25			2,144
	Amounts reclassified from other comprehensive loss		(727		)		1,123			—		80			476
	Amounts reclassified from other comprehensive loss		(727		)		1,123			—		80			476
	Net current period other comprehensive (loss) income		(435		)		(115		)	3,065		105			2,620
	Net current period other comprehensive (loss) income		(435		)		(115		)	3,065		105			2,620
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)

	Changes in AOCL by component for the six-month period ended September 30, 2013 are as follows (in thousands):



			Six months ended September 30, 2013
			Unrealized Investment Gain				Retirement Obligations			Foreign Currency		Change in Derivatives Qualifying as Hedges			Total
	Beginning Balance Net of Tax		$	2,808			$	(60,715	)	$	2,205	$	(453	)	$	(56,155	)
	Beginning Balance Net of Tax		$	2,808			$	(60,715	)	$	2,205	$	(453	)	$	(56,155	)
	Other Comprehensive (loss) income before reclassification		(142		)		(2,361		)	2,935		116			548
	Other Comprehensive (loss) income before reclassification		(142		)		(2,361		)	2,935		116			548
	Amounts reclassified from other comprehensive loss		(962		)		2,241			—		75			1,354
	Amounts reclassified from other comprehensive loss		(962		)		2,241			—		75			1,354
	Net current period other comprehensive (loss) income		(1,104		)		(120		)	2,935		191			1,902
	Net current period other comprehensive (loss) income		(1,104		)		(120		)	2,935		191			1,902
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)

	Details of amounts reclassified out of AOCL for the three-month period ended September 30, 2013 are as follows (in thousands):



	Details of AOCL Components		Amount reclassified from AOCL				Affected line item on condensed consolidated statement of operations and retained earnings
	Details of AOCL Components		Amount reclassified from AOCL
	Unrealized gain on investments
	Unrealized gain on investments
			$	(1,119	)		Investment income
			$	(1,119	)		Investment income
			(1,119		)		Total before tax
			(1,119		)		Total before tax
			392				Tax expense
			392				Tax expense
			$	(727	)		Net of tax
			$	(727	)		Net of tax


	Net amortization of prior service cost
	Net amortization of prior service cost
			$	1,604			-1
			$	1,604			-1
			1,604				Total before tax
			1,604				Total before tax
			481				Tax benefit
			481				Tax benefit
		$	1,123			Net of tax
		$	1,123			Net of tax


Change in derivatives qualifying as hedges
Change in derivatives qualifying as hedges
		$	114			Cost of products sold
		$	114			Cost of products sold
		114				Total before tax
		114				Total before tax
		34				Tax expense
		34				Tax expense
		$	80			Net of tax
		$	80			Net of tax

Details of amounts reclassified out of AOCL for the six-month period ended September 30, 2013 are as follows (in thousands):



Details of AOCL Components		Amount reclassified from AOCL				Affected line item on condensed consolidated statement of operations and retained earnings
Unrealized gain on investments
		$	(1,480	)		Investment income
		(1,480		)		Total before tax
		518				Tax expense
		518				Tax expense
		$	(962	)		Net of tax

Net amortization of prior service cost
Net amortization of prior service cost
		$	3,202			-1
		$	3,202			-1
		3,202				Total before tax
		3,202				Total before tax
		961				Tax benefit
		961				Tax benefit
		$	2,241			Net of tax
		$	2,241			Net of tax

Change in derivatives qualifying as hedges
Change in derivatives qualifying as hedges
		$	107			Cost of products sold
		$	107			Cost of products sold
		107				Total before tax
		107				Total before tax
		32				Tax expense
		32				Tax expense
		$	75			Net of tax
		$	75			Net of tax


-1	These AOCL components are included in the computation of net periodic pension cost. (See Note 10 — Net Periodic Benefit Cost for additional details.)

Effects_of_New_Accounting_Pron

Effects of New Accounting Pronouncements	6 Months Ended
Effects of New Accounting Pronouncements	Sep. 30, 2013
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Effects of New Accounting Pronouncements	Effects of New Accounting Pronouncements

	In July 2013, the FASB issued ASU No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or Tax Credit Carryforward Exists." ASU 2013-11 requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward when settlement in this manner is available under the tax law. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company is evaluating the potential impact of this adoption on its consolidated financial statements.

	In April 2013, the FASB issued ASU No. 2013-07, "Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting." The objective of ASU 2013-07 is to clarify when an entity should apply the liquidation basis of accounting. The update provides principles for the recognition and measurement of assets and liabilities and requirements for financial statements prepared using the liquidation basis of accounting. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not anticipate that the adoption of this standard will have a material impact on its consolidated financial statements, absent any indications that liquidation is imminent.

	In March 2013, the FASB issued ASU No. 2013-05, “Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.” This ASU addresses the accounting for the cumulative translation adjustment when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company is evaluating the potential impact of this adoption on its consolidated financial statements.

	In February 2013, the FASB, issued ASU No. 2013-04, “Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation Is Fixed at the Reporting Date.” This ASU addresses the recognition, measurement, and disclosure of certain obligations resulting from joint and several arrangements including debt arrangements, other contractual obligations, and settled litigation and judicial rulings. The ASU is effective for public entities for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company is evaluating the potential impact of this adoption on its consolidated financial statements.

	In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The ASU requires entities to provide information about significant amounts reclassified out of accumulated other comprehensive income by component and their corresponding effect on net income. The ASU is effective for public entities for fiscal years beginning after December 15, 2012. The Company adopted this ASU in fiscal 2014. Refer to Footnote 15 for further details.

	In January 2013, the FASB issued ASU No. 2013-01, "Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities". The ASU clarifies that ordinary trade receivables and certain other receivables are not in the scope of ASU No. 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.” Specifically, Update 2011-11 applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in FASB Accounting Standards Codification or subject to a master netting arrangement or similar agreement. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. The adoption of this standard did not have a significant effect on the Company's consolidated financial position.

Acquisitions_Table_Text_Block

Acquisitions (Table Text Block)	6 Months Ended
	Sep. 30, 2013
Business Combination, Step Acquisition [Abstract]
Schedule of Purchase Price Allocation	The preliminary assignment of purchase consideration to the assets acquired and liabilities assumed, pending finalization of the determination of the fair values of the net assets acquired, is as follows (in thousands):



	Working capital	$	212

	Other current assets	58

	Property, plant and equipment	446

	Goodwill	5,324

	Long term debt	(193		)
	Total	$	5,847

Fair_value_Measurements_Tables

Fair value Measurements (Tables)	6 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	As of September 30, 2013 and March 31, 2013, the Company’s assets and liabilities measured or disclosed at fair value on recurring bases were as follows (in thousands):



		Fair value measurements at reporting date using
		September 30,			Quoted prices in active markets for identical assets		Significant other observable inputs			Significant unobservable inputs
	Description	2013			(Level 1)		(Level 2)			(Level 3)
	Assets/(Liabilities) measured at fair value:
	Marketable securities	$	22,612		$	22,612	$	—		$	—

	Derivative liabilities	(222		)	—		(222		)	—


	Liabilities disclosed at fair value:

	Subordinated debt	$	(160,125	)	$	—	$	(160,125	)	$	—

	Senior debt	(3,446		)	—		(3,446		)	—



		Fair value measurements at reporting date using
		March 31,			Quoted prices in active markets for identical assets		Significant other observable inputs			Significant unobservable inputs
	Description	2013			(Level 1)		(Level 2)			(Level 3)
	Assets/(Liabilities) measured at fair value:
	Marketable securities	$	23,951		$	23,951	$	—		$	—

	Derivative liabilities	(512		)	—		(512		)	—

	Other equity investments	1,508			1,508		—			—


	Liabilities disclosed at fair value:

	Subordinated debt	$	(160,500	)	$	—	$	(160,500	)	$	—

	Senior debt	(3,665		)	—		(3,665		)	—

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consisted of the following (in thousands):



		September 30,			March 31,
		2013			2013
	At cost - FIFO basis:
	Raw materials	$	56,638		$	52,900

	Work-in-process	17,102			10,813

	Finished goods	52,454			50,722

		126,194			114,435

	LIFO cost less than FIFO cost	(19,802		)	(20,246		)
	Net inventories	$	106,392		$	94,189

Marketable_Securities_Tables

Marketable Securities (Tables)	6 Months Ended
	Sep. 30, 2013
Marketable Securities [Abstract]
Schedule Of Available For Sale Securities Reconciliation	The following is a summary of available-for-sale securities at September 30, 2013 (in thousands):



		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	Marketable securities	$	20,788	$	2,062	$	238	$	22,612

	The following is a summary of available-for-sale securities at March 31, 2013 (in thousands):



		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	Marketable securities	$	21,635	$	2,335	$	19	$	23,951

Schedule of Unrealized Loss on Investments	The aggregate fair value of investments and unrealized losses on available-for-sale securities in an unrealized loss position at September 30, 2013 are as follows (in thousands):


		Aggregate Fair Value		Unrealized Losses
	Securities in a continuous loss position for less than 12 months	$	7,257	$	238

	Securities in a continuous loss position for more than 12 months	—		—

		$	7,257	$	238

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	A summary of changes in goodwill during the three months ended September 30, 2013 is as follows (in thousands):



	Balance at April 1, 2013	$	105,354

	Acquisition of Hebetechnik (See Note 3)	5,324

	Currency translation	1,223

	Balance at September 30, 2013	$	111,901

Schedule of Indefinite-lived Intangible Assets by Major Class	Identifiable intangible assets are summarized as follows (in thousands):



			September 30, 2013							March 31, 2013
			Gross		Accumulated			Net		Gross		Accumulated			Net
			Carrying		Amortization					Carrying		Amortization
			Amount							Amount
	Trademark		$	5,863	$	(1,606	)	$	4,257	$	5,556	$	(1,370	)	$	4,186

	Customer relationships		14,904		(6,922		)	7,982		14,166		(5,894		)	8,272

	Other		1,043		(376		)	667		1,235		(298		)	937

	Total		$	21,810	$	(8,904	)	$	12,906	$	20,957	$	(7,562	)	$	13,395

Derivative_Instruments_Tables

Derivative Instruments (Tables)	6 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedges, Assets [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following is the effect of derivative instruments on the condensed consolidated statement of operations and retained earnings for the three months ended September 30, 2013 and 2012 (in thousands):



	September 30,		Derivatives Designated as Cash Flow Hedges		Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)			Location of Gain or (Loss) Recognized in Income on Derivatives		Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
	2013		Foreign exchange contracts		$	25		Cost of products sold		$	(80	)

	2012		Foreign exchange contracts		(68		)	Cost of products sold		24





	September 30,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives	Amount of Gain Recognized in Income on Derivatives
	2013	Foreign exchange contracts	Foreign currency exchange gain	$	(60	)
	2012	Foreign exchange contracts	Foreign currency exchange gain	(77		)

	The following is the effect of derivative instruments on the condensed consolidated statement of operations and retained earnings for the six months ended September 30, 2013 and 2012 (in thousands):



	September 30,		Derivatives Designated as Cash Flow Hedges		Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)			Location of Gain or (Loss) Recognized in Income on Derivatives		Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
	2013		Foreign exchange contracts		$	116		Cost of products sold		$	(75	)

	2012		Foreign exchange contracts		(73		)	Cost of products sold		116




	September 30,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives	Amount of Gain Recognized in Income on Derivatives
	2013	Foreign exchange contracts	Foreign currency exchange gain	$	70

	2012	Foreign exchange contracts	Foreign currency exchange gain	534

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following is information relative to the Company’s derivative instruments in the condensed consolidated balance sheet as of September 30, 2013 (in thousands):



					Fair Value of Asset (Liability)
	Derivatives Designated as Hedging Instruments		Balance Sheet Location		September 30, 2013			March 31,
								2013
	Foreign exchange contracts		Other Assets		$	63		$	8

	Foreign exchange contracts		Accrued Liabilities		$	(207	)	$	(511	)

	Derivatives Not Designated as Hedging Instruments		Balance Sheet Location		September 30, 2013			March 31,
								2013
	Foreign exchange contracts		Other Assets		$	—		$	95

	Foreign exchange contracts		Accrued Liabilities		$	(78	)	$	(104	)

Net_Periodic_Benefit_Cost_Tabl

Net Periodic Benefit Cost (Tables)	6 Months Ended
	Sep. 30, 2013
Pension Plans, Defined Benefiit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs	The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands):



		Three months ended						Six months ended
		September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
	Service costs	$	629		$	613		$	1,253		$	1,226

	Interest cost	2,418			2,469			4,827			4,938

	Expected return on plan assets	(3,157		)	(2,803		)	(6,314		)	(5,606		)
	Net amortization	1,582			1,497			3,159			2,995

	Net periodic pension cost	$	1,472		$	1,776		$	2,925		$	3,553

Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs	The following table sets forth the components of net periodic postretirement benefit cost for the Company’s defined benefit postretirement plans (in thousands):



		Three months ended						Six months ended
		September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
	Interest cost	$	63		$	78		$	125		$	156

	Amortization of plan net losses	22			36			43			72

	Net periodic postretirement cost	$	85		$	114		$	168		$	228

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share (in thousands):


		Three Months Ended				Six Months Ended
		September 30, 2013		September 30, 2012		September 30, 2013		September 30, 2012
	Numerator for basic and diluted earnings per share:
	Net income	$	7,122	$	8,252	$	14,142	$	16,688


	Denominators:

	Weighted-average common stock outstanding – denominator for basic EPS	19,655		19,419		19,587		19,384

	Effect of dilutive employee stock options and other share-based awards	304		162		279		162

	Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS	19,959		19,581		19,866		19,546

Summary_Financial_Information_

Summary Financial Information (Tables)	6 Months Ended
	Sep. 30, 2013
Summary Financial Information [Abstract]
Schedule Of Condensed Financial Statements

			Parent			Guarantors			Non				Eliminations				Consolidated
									Guarantors
	As of September 30, 2013
	ASSETS
	Current assets:
	Cash and cash equivalents		$	76,834		$	—		$	34,985			$	—			$	111,819

	Trade accounts receivable, less allowance for doubtful accounts		32,896			3,955			40,001				—				76,852

	Inventories		30,527			15,054			60,811				—				106,392

	Prepaid expenses and other		10,373			1,638			7,071				—				19,082

	Total current assets		150,630			20,647			142,868				—				314,145

	Net property, plant, and equipment		38,242			11,813			19,057				—				69,112

	Goodwill		40,696			31,025			40,180				—				111,901

	Other intangibles, net		272			—			12,634				—				12,906

	Intercompany		19,904			51,769			(71,673		)		—				—

	Marketable securities		—			—			22,612				—				22,612

	Deferred taxes on income		27,701			2,389			8,994				—				39,084

	Investment in subsidiaries		203,753			—			—				(203,753		)		—

	Other assets		5,941			525			25				—				6,491

	Total assets		$	487,139		$	118,168		$	174,697			$	(203,753	)		$	576,251


	LIABILITIES AND SHAREHOLDERS’ EQUITY

	Current liabilities:

	Trade accounts payable		$	11,197		$	5,104		$	13,165			$	—			$	29,466

	Accrued liabilities		20,455			3,398			25,466				—				49,319

	Current portion of long-term debt					331			788				—				1,119

	Total current liabilities		31,652			8,833			39,419				—				79,904

	Senior debt, less current portion		—			1,479			848				—				2,327

	Subordinated debt		148,549			—			—				—				148,549

	Other non-current liabilities		48,373			5,825			32,708				—				86,906

	Total liabilities		228,574			16,137			72,975				—				317,686

	Total shareholders’ equity		258,565			102,031			101,722				(203,753		)		258,565

	Total liabilities and shareholders’ equity		$	487,139		$	118,168		$	174,697			$	(203,753	)		$	576,251




			Parent			Guarantors			Non				Eliminations				Consolidated
Guarantors
For the Three Months Ended September 30, 2013:

Net sales		$	58,194		$	31,703		$	62,870			$	(13,915	)		$	138,852

Cost of products sold		40,800			25,285			42,422				(13,915		)		94,592

Gross profit		17,394			6,418			20,448				—				44,260

Selling expenses		6,244			1,284			9,753				—				17,281

General and administrative expenses		4,671			3,598			5,898				—				14,167

Amortization of intangibles		24			—			502				—				526

Income from operations		6,455			1,536			4,295				—				12,286

Interest and debt expense		3,241			44			87				—				3,372

Investment income		—			—			(276		)		—				(276		)

Foreign currency exchange loss		24			—			171				—				195

Other (income) and expense, net		(1,452		)	(816		)	1,007				—				(1,261		)

Income before income tax expense		4,642			2,308			3,306				—				10,256

Income tax expense (benefit)		1,241			1,117			776				—				3,134

Equity in income from continuing operations of subsidiaries		3,721			—			—				(3,721		)		—

Net income		$	7,122		$	1,191		$	2,530			$	(3,721	)		$	7,122



		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2013:
Net sales		$	118,194		$	66,525		$	121,313			$	(28,289	)		$	277,743

Cost of products sold		82,046			52,626			83,609				(28,289		)		$	189,992

Gross profit		36,148			13,899			37,704				—				87,751

Selling expenses		11,984			2,693			19,351				—				$	34,028

General and administrative expenses		8,506			7,823			10,688				—				$	27,017

Amortization of intangibles		47			—			938				—				$	985

Income from operations		15,611			3,383			6,727				—				25,721

Interest and debt expense		6,485			90			168				—				$	6,743

Investment income		—			—			(492		)		—				$	(492	)

Foreign currency exchange loss		40			—			380				—				$	420

Other (income) and expense, net		(2,140		)	(1,580		)	2,548				—				$	(1,172	)

Income before income tax expense		11,226			4,873			4,123				—				20,222

Income tax expense (benefit)		3,508			2,000			572				—				$	6,080

Equity in income from continuing operations of subsidiaries		6,424			—			—				(6,424		)		$	—

Net income		$	14,142		$	2,873		$	3,551			$	(6,424	)		$	14,142





For the Three Months Ended September 30, 2013
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	7,122		$	1,191		$	2,530			$	(3,721	)		$	7,122

Other comprehensive income (loss), net of tax:																$	—

Foreign currency translation adjustments		—			3,733			(668		)		—				$	3,065

Change in derivatives qualifying as hedges, net of tax		75			—			30				—				$	105

Change in pension liability and post-retirement obligations, net of tax		—			—			(115		)		—				$	(115	)

Adjustments:

Unrealized holding gains (losses) arising during the period, net of tax		96			—			196				—				$	292

Reclassification adjustment for loss included in net income, net of tax		(880		)	—			153				—				$	(727	)

Total adjustments		(784		)	—			349				—				(435		)

Total other comprehensive income (loss)		(709		)	3,733			(404		)		—				2,620

Comprehensive income (loss)		$	6,413		$	4,924		$	2,126			$	(3,721	)		$	9,742




For the Six Months Ended September 30, 2013
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	14,142		$	2,873		$	3,551			$	(6,424	)		$	14,142

Other comprehensive income (loss), net of tax:																$	—

Foreign currency translation adjustments		—			5,052			(2,117		)		—				$	2,935

Change in derivatives qualifying as hedges, net of tax		26			—			165				—				$	191

Change in Pension liability and post-retirement obligations, net of tax		—			—			(120		)		—				$	(120	)

Adjustments:																$	—

Unrealized holding gains (loss) arising during the period, net of tax		96			—			(238		)		—				$	(142	)

Reclassification adjustment for loss included in net income, net of tax		(880		)	—			(82		)		—				$	(962	)

Total adjustments		(784		)	—			(320		)		—				(1,104		)

Total other comprehensive income (loss)		(758		)	5,052			(2,392		)		—				1,902

Comprehensive income (loss)		$	13,384		$	7,925		$	1,159			$	(6,424	)		$	16,044





		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2013:
Operating activities:
Net cash (used for) provided by operating activities		$	10,999		$	1,267		$	(10,557	)		$	—			$	1,709

Investing activities:																$	—

Proceeds from sale of marketable securities		—			—			3,724				—				$	3,724

Purchases of marketable securities		—			—			(2,597		)		—				$	(2,597	)

Capital expenditures		(1,318		)	(1,116		)	(5,599		)		—				$	(8,033	)

Purchase of business					—			(5,847		)		—				$	(5,847	)

Intercompany transactions		(13,303		)	—			13,303				—				$	—

Net cash used for investing activities		(14,621		)	(1,116		)	2,984				—				(12,753		)

Financing activities:																$	—

Proceeds from exercise of stock options		838			—			—				—				$	838

Repayment of debt		—			(151		)	(144		)		—				$	(295	)

Change in ESOP debt guarantee		206			—			—				—				$	206

Net cash provided by (used for) financing activities		1,044			(151		)	(144		)		—				749

Effect of exchange rate changes on cash		—			—			454				—				$	454

Net change in cash and cash equivalents		(2,578		)	—			(7,263		)		—				(9,841		)

Cash and cash equivalents at beginning of year		79,412			—			42,248				—				$	121,660

Cash and cash equivalents at end of year		$	76,834		$	—		$	34,985			$	—			$	111,819



		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
As of March 31, 2013:
ASSETS
Current assets:
Cash and cash equivalents		$	79,412		$	—		$	42,248			$	—			$	121,660

Trade accounts receivable, less allowance for doubtful accounts		37,967			4,068			38,189				—				80,224

Inventories		28,117			14,230			51,842				—				$	94,189

Prepaid expenses and other		10,850			1,371			5,684				—				17,905

Total current assets		156,346			19,669			137,963				—				313,978

Net property, plant, and equipment		39,552			11,612			14,534				—				65,698

Goodwill		40,696			31,025			33,633				—				$	105,354

Other intangibles, net		253			—			13,142				—				13,395

Intercompany transactions		5,805			63,368			(69,173		)		—				$	—

Marketable securities		—			—			23,951				—				23,951

Deferred taxes on income		27,215			2,389			7,601				—				$	37,205

Investment in subsidiaries		203,753			—			—				(203,753		)		—

Other assets		6,690			525			71				—				$	7,286

Total assets		$	480,310		$	128,588		$	161,722			$	(203,753	)		$	566,867


LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:

Trade accounts payable		$	17,433		$	7,018		$	9,878			$	—			34,329

Accrued liabilities		21,710			3,952			23,222				—				$	48,884

Current portion of long-term debt		—			311			713				—				1,024

Total current liabilities		39,143			11,281			33,813				—				84,237

Senior debt, less current portion		—			1,650			991				—				2,641

Subordinated debt		148,412			—			—				—				$	148,412

Other non-current liabilities		52,768			5,875			32,947				—				91,590

Total liabilities		240,323			18,806			67,751				—				326,880

Total shareholders’ equity		239,987			109,782			93,971				(203,753		)		239,987

Total liabilities and shareholders’ equity		$	480,310		$	128,588		$	161,722			$	(203,753	)		$	566,867




		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Three Months Ended September 30, 2012:

Net sales		$	57,560		$	39,624		$	63,192			$	(13,904	)		$	146,472

Cost of products sold		40,826			33,243			43,905				(13,904		)		104,070

Gross profit		16,734			6,381			19,287				—				42,402

Selling expenses		5,520			1,500			9,427				—				16,447

General and administrative expenses		4,172			3,602			4,772				—				$	12,546

Amortization of intangibles		24			—			465				—				489

Income from operations		7,018			1,279			4,623				—				12,920

Interest and debt expense		2,746			632			127				—				3,505

Investment income		—			—			(382		)		—				$	(382	)

Foreign currency exchange gain		9			—			181				—				190

Other (income) and expense, net		(127		)	5			(51		)		—				$	(173	)

Income before income tax expense		4,390			642			4,748				—				9,780

Income tax expense		623			—			905				—				$	1,528

Equity in income from continuing operations of subsidiaries		4,485			—			—				(4,485		)		—

Net income		$	8,252		$	642		$	3,843			$	(4,485	)		$	8,252



		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2012:
Net sales		$	116,730		$	83,199		$	127,186			$	(27,630	)		$	299,485

Cost of products sold		84,230			69,836			86,823				(27,630		)		213,259

Gross profit		32,500			13,363			40,363				—				86,226

Selling expenses		11,427			3,133			18,254				—				32,814

General and administrative expenses		8,902			7,998			9,824				—				$	26,724

Amortization of intangibles		47			—			941				—				988

Income from operations		12,124			2,232			11,344				—				25,700

Interest and debt expense		6,098			684			222				—				7,004

Investment income		—			—			(662		)		—				$	(662	)

Foreign currency exchange gain		(25		)	—			(121		)		—				(146		)

Other (income) and expense, net		(145		)	16			(366		)		—				$	(495	)

Income before income tax expense		6,196			1,532			12,271				—				19,999

Income tax (benefit) expense		(233		)	80			3,464				—				$	3,311

Equity in income from continuing operations of subsidiaries		10,259			—			—				(10,259		)		—

Net income		$	16,688		$	1,452		$	8,807			$	(10,259	)		$	16,688





For the Three Months Ended September 30, 2012
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	8,252		$	642		$	3,843			$	(4,485	)		$	8,252

Other comprehensive income (loss), net of tax:

Foreign currency translation adjustments		—			—			2,517				—				$	2,517

Change in derivatives qualifying as hedges, net of tax		31			—			(122		)		—				$	(91	)

Change in pension liability and post-retirement obligations, net of tax		—			—			(51		)		—				(51		)

Adjustments:

Unrealized holding gain (loss) arising during the period, net of tax		—			—			521				—				$	521

Reclassification adjustment for loss included in net income, net of tax		—			—			(170		)		—				$	(170	)

Total adjustments		—			—			351				—				351

Total other comprehensive income		31			—			2,695				—				2,726

Comprehensive income		$	8,283		$	642		$	6,538			$	(4,485	)		$	10,978




For the Six Months Ended September 30, 2012
		Parent			Guarantors			Non Guarantors				Eliminations				Consolidated
Net income		$	16,688		$	1,452		$	8,807			$	(10,259	)		$	16,688

Other comprehensive income (loss), net of tax:

Foreign currency translation adjustments		—			—			(2,678		)		—				$	(2,678	)

Change in derivatives qualifying as hedges, net of tax		43			—			(231		)		—				$	(188	)

Change in pension liability and post-retirement obligations, net of tax		—			—			34				—				34

Adjustments:

Unrealized holding gain (loss) arising during the period, net of tax		—			—			401				—				$	401

Reclassification adjustment for loss included in net income, net of tax		—			—			(253		)		—				$	(253	)

Total adjustments		—			—			148				—				148

Total other comprehensive income (loss)		43			—			(2,727		)		—				(2,684		)

Comprehensive income		$	16,731		$	1,452		$	6,080			$	(10,259	)		$	14,004









		Parent			Guarantors			Non				Eliminations				Consolidated
								Guarantors
For the Six Months Ended September 30, 2012:
Operating activities:
Net cash (used for) provided by operating activities		$	6,557		$	(1,276	)	$	2,293			$	—			$	7,574

Investing activities:
Proceeds from sale of marketable securities		—			—			3,101				—				$	3,101

Purchases of marketable securities		—			—			(1,936		)		—				(1,936		)

Capital expenditures		(3,354		)	(211		)	(515		)		—				$	(4,080	)

Proceeds from sale of assets		—			1,482			—				—				$	1,482

Net cash used for investing activities		(3,354		)	1,271			650				—				(1,433		)

Financing activities:

Proceeds from stock options exercised		219			—			—				—				219

Net payments under lines-of-credit		—			—			(51		)		—				$	(51	)

Other		213			—			(393		)		—				(180		)

Net cash provided by (used for) financing activities		432			—			(444		)		—				(12		)

Effect of exchange rate changes on cash		—			—			(675		)		—				(675		)

Net change in cash and cash equivalents		3,635			(5		)	1,824				—				5,454

Cash and cash equivalents at beginning of year		55,958			5			33,510				—				89,473

Cash and cash equivalents at end of year		$	59,593		$	—		$	35,334			$	—			$	94,927

Changes_in_Other_Comprehensive1

Changes in Other Comprehensive Loss (Tables)	6 Months Ended
Changes in Other Comprehensive Loss (Tables)	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in AOCL by component for the three-month period ended September 30, 2013 are as follows (in thousands):




			Three months ended September 30, 2013
			Three months ended September 30, 2013
			Unrealized Investment Gain				Retirement Obligations			Foreign Currency		Change in Derivatives Qualifying as Hedges			Total
			Unrealized Investment Gain				Retirement Obligations			Foreign Currency		Change in Derivatives Qualifying as Hedges			Total
	Beginning Balance Net of Tax		$	2,139			$	(60,720	)	$	2,075	$	(367	)	$	(56,873	)
	Beginning Balance Net of Tax		$	2,139			$	(60,720	)	$	2,075	$	(367	)	$	(56,873	)
	Other Comprehensive (loss) income before reclassification		292				(1,238		)	3,065		25			2,144
	Other Comprehensive (loss) income before reclassification		292				(1,238		)	3,065		25			2,144
	Amounts reclassified from other comprehensive loss		(727		)		1,123			—		80			476
	Amounts reclassified from other comprehensive loss		(727		)		1,123			—		80			476
	Net current period other comprehensive (loss) income		(435		)		(115		)	3,065		105			2,620
	Net current period other comprehensive (loss) income		(435		)		(115		)	3,065		105			2,620
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)

	Changes in AOCL by component for the six-month period ended September 30, 2013 are as follows (in thousands):



			Six months ended September 30, 2013
			Unrealized Investment Gain				Retirement Obligations			Foreign Currency		Change in Derivatives Qualifying as Hedges			Total
	Beginning Balance Net of Tax		$	2,808			$	(60,715	)	$	2,205	$	(453	)	$	(56,155	)
	Beginning Balance Net of Tax		$	2,808			$	(60,715	)	$	2,205	$	(453	)	$	(56,155	)
	Other Comprehensive (loss) income before reclassification		(142		)		(2,361		)	2,935		116			548
	Other Comprehensive (loss) income before reclassification		(142		)		(2,361		)	2,935		116			548
	Amounts reclassified from other comprehensive loss		(962		)		2,241			—		75			1,354
	Amounts reclassified from other comprehensive loss		(962		)		2,241			—		75			1,354
	Net current period other comprehensive (loss) income		(1,104		)		(120		)	2,935		191			1,902
	Net current period other comprehensive (loss) income		(1,104		)		(120		)	2,935		191			1,902
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)
	Ending Balance		$	1,704			$	(60,835	)	$	5,140	$	(262	)	$	(54,253	)
Reclassification out of Accumulated Other Comprehensive Income	Details of amounts reclassified out of AOCL for the three-month period ended September 30, 2013 are as follows (in thousands):



	Details of AOCL Components		Amount reclassified from AOCL				Affected line item on condensed consolidated statement of operations and retained earnings
	Details of AOCL Components		Amount reclassified from AOCL
	Unrealized gain on investments
	Unrealized gain on investments
			$	(1,119	)		Investment income
			$	(1,119	)		Investment income
			(1,119		)		Total before tax
			(1,119		)		Total before tax
			392				Tax expense
			392				Tax expense
			$	(727	)		Net of tax
			$	(727	)		Net of tax


	Net amortization of prior service cost
	Net amortization of prior service cost
			$	1,604			-1
			$	1,604			-1
			1,604				Total before tax
			1,604				Total before tax
			481				Tax benefit
			481				Tax benefit
			$	1,123			Net of tax
			$	1,123			Net of tax


	Change in derivatives qualifying as hedges
	Change in derivatives qualifying as hedges
			$	114			Cost of products sold
			$	114			Cost of products sold
			114				Total before tax
			114				Total before tax
			34				Tax expense
			34				Tax expense
			$	80			Net of tax
			$	80			Net of tax

	Details of amounts reclassified out of AOCL for the six-month period ended September 30, 2013 are as follows (in thousands):



	Details of AOCL Components		Amount reclassified from AOCL				Affected line item on condensed consolidated statement of operations and retained earnings
	Unrealized gain on investments
			$	(1,480	)		Investment income
			(1,480		)		Total before tax
			518				Tax expense
			518				Tax expense
			$	(962	)		Net of tax

	Net amortization of prior service cost
	Net amortization of prior service cost
			$	3,202			-1
			$	3,202			-1
			3,202				Total before tax
			3,202				Total before tax
			961				Tax benefit
			961				Tax benefit
			$	2,241			Net of tax
			$	2,241			Net of tax

Change in derivatives qualifying as hedges
Change in derivatives qualifying as hedges
		$	107			Cost of products sold
		$	107			Cost of products sold
		107				Total before tax
		107				Total before tax
		32				Tax expense
		32				Tax expense
		$	75			Net of tax
		$	75			Net of tax


-1	These AOCL components are included in the computation of net periodic pension cost. (See Note 10 — Net Periodic Benefit Cost for additional details.)

Description_of_Business_Narrat

Description of Business (Narrative) (Details)	3 Months Ended	6 Months Ended
Description of Business (Narrative) (Details)	Sep. 30, 2013	Sep. 30, 2013
Revenue from External Customer [Line Items]
Description of types of products and services from which each reportable segment derives its revenues		The Company is a leading designer, marketer and manufacturer of material handling products and services which efficiently and safely move, lift, position and secure material. Key products include hoists, rigging tools, cranes, and actuators.
Sales Revenue, Goods, Net \| US
Revenue from External Customer [Line Items]
Sales revenue goods net percentage	57.00%	58.00%

Acquisitions_Narratives_Detail

Acquisitions (Narratives) (Details) (USD $)	6 Months Ended
Acquisitions (Narratives) (Details) (USD $)	Sep. 30, 2013	Jun. 01, 2013
Business Acquisition [Line Items]
Goodwill		5,324,000
Hebetechnik
Business Acquisition [Line Items]
Percentage acquired of outstanding common shares		100.00%
Annual sales	$10,000,000
Period acquired entity has been a value-added partner of the company	20 years

Acquisitions_Details

Acquisitions (Details) (USD $)	Jun. 01, 2013
In Thousands, unless otherwise specified	Jun. 01, 2013
Business Combination, Step Acquisition [Abstract]
Working capital	$212
Other current assets	58
Property, plant and equipment	446
Goodwill	5,324
Long term debt	-193
Total	$5,847

Fair_Value_Measurements_Assets

Fair Value Measurements (Assets and liabilities measured at fair value on recurring bases) (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Stated interest rate percentage	7.88%
Subordinated debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Stated interest rate percentage	7.88%
Carrying (Reported) Amount, Fair Value Disclosure \| Subordinated debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Carrying value of subordinated debt	$148,549,000	$148,412,000
Marketable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets	22,612,000	23,951,000
Marketable securities \| Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets	22,612,000	23,951,000
Marketable securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets	0	0
Marketable securities \| Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets	0	0
Derivative liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	-222,000	-512,000
Derivative liabilities \| Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Derivative liabilities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	-222,000	-512,000
Derivative liabilities \| Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Other equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets		1,508,000
Other equity investments \| Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets		1,508,000
Subordinated debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	-160,125,000	-160,500,000
Subordinated debt \| Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Subordinated debt \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	-160,125,000	-160,500,000
Subordinated debt \| Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Senior debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	-3,446,000	-3,665,000
Senior debt \| Quoted Prices in Active Markets for Indentical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	0	0
Senior debt \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	-3,446,000	-3,665,000
Senior debt \| Significant unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	$0	$0

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2013
Inventory Disclosure [Abstract]
Raw materials	$56,638	$52,900
Work-in-process	17,102	10,813
Finished goods	52,454	50,722
At cost - FIFO basis:	126,194	114,435
LIFO cost less than FIFO cost	-19,802	-20,246
Net inventories	$106,392	$94,189

Marketable_Securities_Narrativ

Marketable Securities (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Gain (Loss) on Investments [Line Items]
Marketable securities, realized loss, other than temporary impairments, description			In accordance with ASC Topic 320-10-35-30 bInvestments b Debt & Equity Securities b Subsequent Measurement,b the Company reviews its marketable securities for declines in market value that may be considered other-than-temporary. The Company generally considers market value declines to be other-than-temporary if there are declines for a period longer than six months and in excess of 20% of original cost, or when other evidence indicates impairment. B We also consider the nature of the underlying investments, our intent and ability to hold the investments until their market values recover to costs, and other market conditions in making this assessment.
Minimum decline in value of marketable securities to be called as other than temporaty impairment period			6 months
Minimum decline in value of marketable securities to be called as other than temporary impairment percent			20.00%
Marketable securities, realized gain (loss)	$91	$170	$127	$253
Other Income Expense
Gain (Loss) on Investments [Line Items]
Gain on sale of certain investments	$1,028		$1,354

Marketable_Securities_Summary_

Marketable Securities (Summary of available-for-sale securities ) (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Aggregate Fair Value, Securities in a continuous loss position for less than 12 months	$7,257
Aggregate Fair Value, Securities in a continuous loss position for more than 12 months	0
Aggregate Fair Value	7,257
Unrealized Losses, Securities in a continuous loss position for less than 12 months	-238
Unrealized Losses, Securities in a continuous loss position for more than 12 months	0
Unrealized Losses	238
Other equity investments
Schedule of Available-for-sale Securities [Line Items]
Cost	20,788	21,635
Gross Unrealized Gains	2,062	2,335
Gross Unrealized Losses	238	19
Estimated Fair Value	$22,612	$23,951

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets (Narrative) (Details) (USD $)	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated amortization expense in 2014	$1,700,000
Estimated amortization expense in 2015	1,700,000
Estimated amortization expense in 2016	1,700,000
Estimated amortization expense in 2017	1,700,000
Estimated amortization expense in 2018	$1,700,000

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Jun. 01, 2013	Mar. 31, 2013
Goodwill [Roll Forward]
Balance at April 1, 2013	$105,354
Acquisition of Hebetechnik (See Note 3)		5,324
Currency translation	1,223
Balance at September 30, 2013	111,901
Gross Carrying Amount	21,810		20,957
Accumulated Amortization	-8,904		-7,562
Net	12,906		13,395
Trademark
Goodwill [Roll Forward]
Gross Carrying Amount	5,863		5,556
Accumulated Amortization	-1,606		-1,370
Net	4,257		4,186
Customer relationships
Goodwill [Roll Forward]
Gross Carrying Amount	14,904		14,166
Accumulated Amortization	-6,922		-5,894
Net	7,982		8,272
Other
Goodwill [Roll Forward]
Gross Carrying Amount	1,043		1,235
Accumulated Amortization	-376		-298
Net	$667		$937

Derivative_Instruments_Narrati

Derivative Instruments (Narratives) (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional amount of foreign currency derivatives	$3,532
Designated as Hedging Instrument \| Commodity Contract
Derivatives, Fair Value [Line Items]
Notional amount of foreign currency derivatives	$8,053

Derivative_Instruments_Pretax_

Derivative Instruments (Pretax effect of derivative instruments on the condensed consolidated statement of operations) (Details) (Foreign exchange contracts, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)	$25	($68)	$116	($73)
Designated as Hedging Instrument \| Cost of products sold
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)	-80	24	-75	116
Derivatives Not Designated as Hedging Instruments \| Foreign currency exchange gain
Derivatives, Fair Value [Line Items]
Amount of Gain Recognized in Income on Derivatives	($60)	($77)	$70	$534

Derivative_Instruments_Derivat

Derivative Instruments (Derivative instruments in the condensed consolidated balance sheet) (Details) (Foreign exchange contracts, USD $)	Sep. 30, 2013	Mar. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2013
Designated as Hedging Instrument \| Other Assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$63	$8
Designated as Hedging Instrument \| Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	-207	-511
Derivatives Not Designated as Hedging Instruments \| Other Assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	0	95
Derivatives Not Designated as Hedging Instruments \| Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	($78)	($104)

Debt_Narratives_Details

Debt (Narratives) (Details) (USD $)

6 Months Ended

Sep. 30, 2013

Jun. 02, 2011

Oct. 19, 2012

Sep. 30, 2013

Mar. 31, 2012

Sep. 30, 2013

New Debt

1-Feb-14

1-Feb-15

1-Feb-16

1-Feb-17

Financial Standby Letter of Credit

Standby Letters of Credit

Maximum

New Revolving Credit Facility

Letter of Credit

Revolver

Unsecured Lines of Credit

Minimum

1-Feb-14

Eurodollar

Revolver

Federal Funds Rate

Line of Credit Facility [Line Items]

Maximum availability under New Revolving Credit Facility

$100,000,000

$85,000,000

New Revolving Credit Facility initial term expiration date

31-Oct-17

Maximum increase in availability of the New Revolving Credit Facility

75,000,000

12,511,000

Unused portion of the New Revolving Credit Facility

91,523,000

Outstanding borrowings

6,296,000

Outstanding letters of credit

8,477,000

3,788,000

4,689,000

Basis spread

1.00%

0.50%

Revolving credit facility secured by Non US Subsidiary Stock

65.00%

Fixed charge coverage ratio minimum

1.25

Maximum total leverage ratio

3.5

Annual capital expenditures, excluding capital expenditures for a global ERP system

30,000,000

Fees and other costs paid to execute New Revolving Credit Facility

684,000

Issuance date

25-Jan-11

New Senior Subordinated note issued

150,000,000

Stated interest rate percentage

7.88%

Debt instrument issued at Discount rate percent

98.55%

Redemption of outstanding notes percent maximum

35.00%

Redemption price of outstanding notes percent

107.88%

103.94%

101.97%

100.00%

Repurchase of notes at premium, percent

101.00%

Carrying amount of the Company's revolving credit facility

150,000,000

Unsecured credit lines

6,763,000

Amount drawn on unsecured credit lines

Credit line availability

980,000

Amount drawn on credit line

Net_Periodic_Benefit_Cost_Narr

Net Periodic Benefit Cost (Narratives) (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]
Planned contributions to pension plans in fiscal 2014	$11

Net_Periodic_Benefit_Cost_Comp

Net Periodic Benefit Cost (Components of net periodic pension cost and net periodic postretirement benefit cost) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Pension Plans, Defined Benefiit
Defined Benefit Plan Disclosure [Line Items]
Service costs	$629	$613	$1,253	$1,226
Interest cost	2,418	2,469	4,827	4,938
Expected return on plan assets	-3,157	-2,803	-6,314	-5,606
Net amortization	1,582	1,497	3,159	2,995
Net periodic pension cost	1,472	1,776	2,925	3,553
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Interest cost	63	78	125	156
Net periodic pension cost	85	114	168	228
Amortization of plan net losses	$22	$36	$43	$72

Earnings_Per_Share_Narratives_

Earnings Per Share (Narratives) (Details)	3 Months Ended		6 Months Ended		12 Months Ended	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2012	Jul. 26, 2010
						Stock Options	Stock Options	Stock Options
								LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	17,000	290,000	47,000	290,000
Total number of shares of common stock available for grant								1,250,000
Shares of stock were issued upon the exercising of stock option						116,623	28,298
Number of shares of restricted stock vested and were issued					58,539

Earnings_Per_Share_Computation

Earnings Per Share (Computation of basic and diluted earnings per share) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Numerator for basic and diluted earnings per share:
Net income	$7,122	$8,252	$14,142	$16,688
Denominators:
Average basic shares outstanding	19,655	19,419	19,587	19,384
Effect of dilutive employee stock options and other share-based awards	$304	$162	$279	$162
Average diluted shares outstanding	19,959	19,581	19,866	19,546

Loss_Contingencies_Narratives_

Loss Contingencies (Narratives) (Details) (USD $)	6 Months Ended
Loss Contingencies (Narratives) (Details) (USD $)	Sep. 30, 2013
Loss Contingencies [Line Items]
Asbestos-related aggregate liability - Minimum	$8,000,000
Asbestos-related aggregate liability - Maximum	13,000,000
Estimation of asbestos-related aggregate liability that is probable and estimable	10,400,000
Asbestos liability payments	2,400,000
Loss settlement gross period	12 months
Estimation of product-related aggregate liability	$5,900,000
Minimum
Loss Contingencies [Line Items]
Loss contingency period	18 years
Maximum
Loss Contingencies [Line Items]
Loss contingency period	30 years

Income_Taxes_Narratives_Detail

Income Taxes (Narratives) (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013	Mar. 31, 2012
Income Tax [Line Items]
Income tax expense as a percentage of income from continuing operations	31.00%	16.00%	30.00%	17.00%
Valuation allowance					$49,161	$53,325
Reduction in the valuation allowance					$5,107
Minimum \| Scenario, Forecast
Income Tax [Line Items]
Income tax expense as a percentage of income from continuing operations			27.00%
Maximum \| Scenario, Forecast
Income Tax [Line Items]
Income tax expense as a percentage of income from continuing operations			32.00%

Summary_Financial_Information_1

Summary Financial Information (Statement of Financial Position) (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Mar. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Mar. 31, 2012
Current assets:
Cash and cash equivalents	$111,819	$121,660	$94,927	$89,473
Trade accounts receivable	76,852	80,224
Inventories	106,392	94,189
Prepaid expenses and other	19,082	17,905
Total current assets	314,145	313,978
Property, plant, and equipment, net	69,112	65,698
Goodwill	111,901	105,354
Other intangibles, net	12,906	13,395
Marketable securities	22,612	23,951
Deferred taxes on income	39,084	37,205
Other assets	6,491	7,286
Total assets	576,251	566,867
Trade accounts payable	29,466	34,329
Accrued liabilities	49,319	48,884
Current portion of long term debt	1,119	1,024
Total current liabilities	79,904	84,237
Senior debt, less current portion	2,327	2,641
Subordinated debt	148,549	148,412
Other non current liabilities	86,906	91,590
Total liabilities	317,686	326,880
Total shareholders' equity	258,565	239,987
Total liabilities and shareholders' equity	576,251	566,867
Stated interest rate percentage	7.88%
Parent
Current assets:
Cash and cash equivalents	76,834	79,412	59,593	55,958
Trade accounts receivable	32,896	37,967
Inventories	30,527	28,117
Prepaid expenses and other	10,373	10,850
Total current assets	150,630	156,346
Property, plant, and equipment, net	38,242	39,552
Goodwill	40,696	40,696
Other intangibles, net	272	253
Intercompany	19,904	5,805
Deferred taxes on income	27,701	27,215
Investment in subsidiaries	203,753	203,753
Other assets	5,941	6,690
Total assets	487,139	480,310
Trade accounts payable	11,197	17,433
Accrued liabilities	20,455	21,710
Total current liabilities	31,652	39,143
Subordinated debt	148,549	148,412
Other non current liabilities	48,373	52,768
Total liabilities	228,574	240,323
Total shareholders' equity	258,565	239,987
Total liabilities and shareholders' equity	487,139	480,310
Guarantors
Current assets:
Cash and cash equivalents	0	0	0	5
Trade accounts receivable	3,955	4,068
Inventories	15,054	14,230
Prepaid expenses and other	1,638	1,371
Total current assets	20,647	19,669
Property, plant, and equipment, net	11,813	11,612
Goodwill	31,025	31,025
Intercompany	51,769	63,368
Deferred taxes on income	2,389	2,389
Other assets	525	525
Total assets	118,168	128,588
Trade accounts payable	5,104	7,018
Accrued liabilities	3,398	3,952
Current portion of long term debt	331	311
Total current liabilities	8,833	11,281
Senior debt, less current portion	1,479	1,650
Other non current liabilities	5,825	5,875
Total liabilities	16,137	18,806
Total shareholders' equity	102,031	109,782
Total liabilities and shareholders' equity	118,168	128,588
Guarantor ownership percentage	100.00%
Non Guarantors
Current assets:
Cash and cash equivalents	34,985	42,248	35,334	33,510
Trade accounts receivable	40,001	38,189
Inventories	60,811	51,842
Prepaid expenses and other	7,071	5,684
Total current assets	142,868	137,963
Property, plant, and equipment, net	19,057	14,534
Goodwill	40,180	33,633
Other intangibles, net	12,634	13,142
Intercompany	-71,673	-69,173
Marketable securities	22,612	23,951
Deferred taxes on income	8,994	7,601
Other assets	25	71
Total assets	174,697	161,722
Trade accounts payable	13,165	9,878
Accrued liabilities	25,466	23,222
Current portion of long term debt	788	713
Total current liabilities	39,419	33,813
Senior debt, less current portion	848	991
Other non current liabilities	32,708	32,947
Total liabilities	72,975	67,751
Total shareholders' equity	101,722	93,971
Total liabilities and shareholders' equity	174,697	161,722
Eliminations
Current assets:
Investment in subsidiaries	-203,753	-203,753
Total assets	-203,753	-203,753
Trade accounts payable	0	0
Total shareholders' equity	-203,753	-203,753
Total liabilities and shareholders' equity	($203,753)	($203,753)

Summary_Financial_Information_2

Summary Financial Information (Statements of Operations and (Accumulated Deficit) Retained Earnings) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net sales	$138,852	$146,472	$277,743	$299,485
Cost of products sold	94,592	104,070	189,992	213,259
Gross profit	44,260	42,402	87,751	86,226
Selling expenses	17,281	16,447	34,028	32,814
General and administrative expenses	14,167	12,546	27,017	26,724
Amortization of intangibles	526	489	985	988
Income from operations	12,286	12,920	25,721	25,700
Interest and debt expense	3,372	3,505	6,743	7,004
Investment income	-276	-382	-492	-662
Foreign currency exchange loss	195	190	420	-146
Other (income) and expense, net	-1,261	-173	-1,172	-495
Income before income tax expense	10,256	9,780	20,222	19,999
Income tax expense	3,134	1,528	6,080	3,311
Net income	7,122	8,252	14,142	16,688
Parent
Net sales	58,194	57,560	118,194	116,730
Cost of products sold	40,800	40,826	82,046	84,230
Gross profit	17,394	16,734	36,148	32,500
Selling expenses	6,244	5,520	11,984	11,427
General and administrative expenses	4,671	4,172	8,506	8,902
Amortization of intangibles	24	24	47	47
Income from operations	6,455	7,018	15,611	12,124
Interest and debt expense	3,241	2,746	6,485	6,098
Foreign currency exchange loss	24	9	40	-25
Other (income) and expense, net	-1,452	-127	-2,140	-145
Income before income tax expense	4,642	4,390	11,226	6,196
Income tax expense	1,241	623	3,508	-233
Equity in income from continuing operations of subsidiaries	3,721	4,485	6,424	10,259
Net income	7,122	8,252	14,142	16,688
Guarantors
Net sales	31,703	39,624	66,525	83,199
Cost of products sold	25,285	33,243	52,626	69,836
Gross profit	6,418	6,381	13,899	13,363
Selling expenses	1,284	1,500	2,693	3,133
General and administrative expenses	3,598	3,602	7,823	7,998
Amortization of intangibles	0		0
Income from operations	1,536	1,279	3,383	2,232
Interest and debt expense	44	632	90	684
Other (income) and expense, net	-816	5	-1,580	16
Income before income tax expense	2,308	642	4,873	1,532
Income tax expense	1,117	0	2,000	80
Net income	1,191	642	2,873	1,452
Non Guarantors
Net sales	62,870	63,192	121,313	127,186
Cost of products sold	42,422	43,905	83,609	86,823
Gross profit	20,448	19,287	37,704	40,363
Selling expenses	9,753	9,427	19,351	18,254
General and administrative expenses	5,898	4,772	10,688	9,824
Amortization of intangibles	502	465	938	941
Income from operations	4,295	4,623	6,727	11,344
Interest and debt expense	87	127	168	222
Investment income	-276	-382	-492	-662
Foreign currency exchange loss	171	181	380	-121
Other (income) and expense, net	1,007	-51	2,548	-366
Income before income tax expense	3,306	4,748	4,123	12,271
Income tax expense	776	905	572	3,464
Net income	2,530	3,843	3,551	8,807
Eliminations
Net sales	-13,915	-13,904	-28,289	-27,630
Cost of products sold	-13,915	-13,904	-28,289	-27,630
Equity in income from continuing operations of subsidiaries	-3,721	-4,485	-6,424	-10,259
Net income	($3,721)	($4,485)	($6,424)	($10,259)

Summary_Financial_Information_3

Summary Financial Information (Consolidated Statements of Cash Flows ) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Operating activities:
Net cash (used for) provided by operating activities	$1,709	$7,574
INVESTING ACTIVITIES:
Proceeds from sale of marketable securities	3,724	3,101
Purchases of marketable securities	-2,597	-1,936
Capital expenditures	-8,033	-4,080
Proceeds from sale of assets	0	1,482
Purchase of business	-5,847	0
Intercompany transactions	0
Net cash used for investing activities	-12,753	-1,433
FINANCING ACTIVITIES:
Net payments under lines-of-credit	0	-51
Proceeds from exercise of stock options	838	219
Repayment of debt	-295	-393
Change in ESOP guarantee	206	213
Other		-180
Net cash provided by (used for) financing activities	749	-12
Effect of exchange rate changes on cash	454	-675
Net change in cash and cash equivalents	-9,841	5,454
Cash and cash equivalents at beginning of period	121,660	89,473
Cash and cash equivalents at end of period	111,819	94,927
Parent
Operating activities:
Net cash (used for) provided by operating activities	10,999	6,557
INVESTING ACTIVITIES:
Proceeds from sale of marketable securities		0
Purchases of marketable securities		0
Capital expenditures	-1,318	-3,354
Proceeds from sale of assets		0
Intercompany transactions	-13,303
Net cash used for investing activities	-14,621	-3,354
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	838	219
Change in ESOP guarantee	206
Other		213
Net cash provided by (used for) financing activities	1,044	432
Net change in cash and cash equivalents	-2,578	3,635
Cash and cash equivalents at beginning of period	79,412	55,958
Cash and cash equivalents at end of period	76,834	59,593
Guarantors
Operating activities:
Net cash (used for) provided by operating activities	1,267	-1,276
INVESTING ACTIVITIES:
Proceeds from sale of marketable securities		0
Purchases of marketable securities		0
Capital expenditures	-1,116	-211
Proceeds from sale of assets		1,482
Net cash used for investing activities	-1,116	1,271
FINANCING ACTIVITIES:
Repayment of debt	-151
Net cash provided by (used for) financing activities	-151
Net change in cash and cash equivalents		-5
Cash and cash equivalents at beginning of period	0	5
Cash and cash equivalents at end of period	0	0
Non Guarantors
Operating activities:
Net cash (used for) provided by operating activities	-10,557	2,293
INVESTING ACTIVITIES:
Proceeds from sale of marketable securities	3,724	3,101
Purchases of marketable securities	-2,597	-1,936
Capital expenditures	-5,599	-515
Proceeds from sale of assets		0
Purchase of business	-5,847
Intercompany transactions	13,303
Net cash used for investing activities	2,984	650
FINANCING ACTIVITIES:
Net payments under lines-of-credit		-51
Proceeds from exercise of stock options		0
Repayment of debt	-144
Other		-393
Net cash provided by (used for) financing activities	-144	-444
Effect of exchange rate changes on cash	454	-675
Net change in cash and cash equivalents	-7,263	1,824
Cash and cash equivalents at beginning of period	42,248	33,510
Cash and cash equivalents at end of period	34,985	35,334
Eliminations
INVESTING ACTIVITIES:
Purchase of business	0
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	$0

Summary_Financial_Information_4

Summary Financial Information (OCI Statement) (Details) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Net income	$7,122		$8,252		$14,142		$16,688
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	3,065		2,517		2,935		-2,678
Change in derivatives qualifying as hedges, net of tax	105	[1]	-91	[1]	191	[1]	-188	[1]
Change in pension liability and post-retirement obligations, net of tax	-115		-51		-120		34
Adjustments:
Unrealized holding gain (loss) arising during the period, net of tax	292	[1]	521	[1]	-142	[1]	401	[1]
Reclassification adjustment for loss included in net income, net of tax	-727	[1]	-170	[1]	-962	[1]	-253	[1]
Net change in unrealized (gain) loss on investments	-435		351		-1,104		148
Total other comprehensive income (loss)	2,620		2,726		1,902		-2,684
Comprehensive income	9,742		10,978		16,044		14,004
Parent
Net income	7,122		8,252		14,142		16,688
Other comprehensive income (loss), net of tax:
Change in derivatives qualifying as hedges, net of tax	75		31		26		43
Change in pension liability and post-retirement obligations, net of tax	0				0
Adjustments:
Unrealized holding gain (loss) arising during the period, net of tax	96				96
Reclassification adjustment for loss included in net income, net of tax	-880				-880
Net change in unrealized (gain) loss on investments	-784				-784
Total other comprehensive income (loss)	-709		31		-758		43
Comprehensive income	6,413		8,283		13,384		16,731
Guarantors
Net income	1,191		642		2,873		1,452
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	3,733				5,052
Adjustments:
Total other comprehensive income (loss)	3,733				5,052
Comprehensive income	4,924		642		7,925		1,452
Non Guarantors
Net income	2,530		3,843		3,551		8,807
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	-668		2,517		-2,117		-2,678
Change in derivatives qualifying as hedges, net of tax	30		-122		165		-231
Change in pension liability and post-retirement obligations, net of tax	-115		-51		-120		34
Adjustments:
Unrealized holding gain (loss) arising during the period, net of tax	196		521		-238		401
Reclassification adjustment for loss included in net income, net of tax	153		-170		-82		-253
Net change in unrealized (gain) loss on investments	349		351		-320		148
Total other comprehensive income (loss)	-404		2,695		-2,392		-2,727
Comprehensive income	2,126		6,538		1,159		6,080
Eliminations
Net income	-3,721		-4,485		-6,424		-10,259
Adjustments:
Comprehensive income	($3,721)		($4,485)		($6,424)		($10,259)

[1]	The zero net deferred tax benefit related to the unrealized holding gains and losses and reclassification adjustments during the three and six month periods ended September 30, 2012 is related to the deferred tax asset valuation allowanceB that was recorded in that period.

Changes_in_Other_Comprehensive2

Changes in Other Comprehensive Loss (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2013
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance Net of Tax	($56,873)		($56,155)
Other Comprehensive (loss) income before reclassification	2,144		548
Amounts reclassified from other comprehensive loss	476		1,354
Net current period other comprehensive (loss) income	2,620		1,902
Ending Balance	-54,253		-54,253
Unrealized Investment Gain
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance Net of Tax	2,139		2,808
Other Comprehensive (loss) income before reclassification	292		-142
Amounts reclassified from other comprehensive loss	-727		-962
Net current period other comprehensive (loss) income	-435		-1,104
Ending Balance	1,704		1,704
Retirement Obligations
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance Net of Tax	-60,720		-60,715
Other Comprehensive (loss) income before reclassification	-1,238		-2,361
Amounts reclassified from other comprehensive loss	1,123		2,241
Net current period other comprehensive (loss) income	-115		-120
Ending Balance	-60,835		-60,835
Foreign currency exchange gain
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance Net of Tax	2,075		2,205
Other Comprehensive (loss) income before reclassification	3,065		2,935
Net current period other comprehensive (loss) income	3,065		2,935
Ending Balance	5,140		5,140
Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance Net of Tax	-367		-453
Other Comprehensive (loss) income before reclassification	25		116
Amounts reclassified from other comprehensive loss	80		75
Net current period other comprehensive (loss) income	105		191
Ending Balance	-262		-262
Investment income \| Unrealized Investment Gain
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss	-1,119		-1,480
Tax expense \| Unrealized Investment Gain
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss	392		518
Tax expense \| Retirement Obligations
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss	481		961
Tax expense \| Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss	34		32
Cost of products sold \| Retirement Obligations
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss	1,604	[1]	3,202	[1]
Cost of products sold \| Change in Derivatives Qualifying as Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from other comprehensive loss	$114		$107

[1]	These AOCL components are included in the computation of net periodic pension cost. (See Note 10 b Net Periodic Benefit Cost for additional details.)