MULTI COLOR (LABL) 10-Q 11 Aug 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'LABL	'
Entity Registrant Name	'MULTI COLOR Corp	'
Entity Central Index Key	'0000819220	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	16,485,907

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Net revenues	$203,139	$166,843
Cost of revenues	160,337	136,411
Gross profit	42,802	30,432
Selling, general and administrative expenses	16,704	14,333
Operating income	26,098	16,099
Interest expense	5,758	5,176
Other expense, net	136	386
Income before income taxes	20,204	10,537
Income tax expense	6,904	3,865
Net income	$13,300	$6,672
Weighted average shares and equivalents outstanding:	'	'
Basic	16,427	16,278
Diluted	16,663	16,527
Basic earnings per common share	$0.81	$0.41
Diluted earnings per common share	$0.80	$0.40
Dividends per common share	$0.05	$0.05

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
Net income	$13,300		$6,672
Other comprehensive income (loss):	'		'
Unrealized foreign currency translation gain (loss)	3,174	[1]	-12,399	[1]
Unrealized (loss) gain on interest rate swaps, net of tax	-29	[2]	803	[2]
Total other comprehensive income (loss)	3,145		-11,596
Comprehensive income (loss)	$16,445		($4,924)
[1]	Amount is not net of tax as the earnings are reinvested within foreign jurisdictions.
[2]	Amount is net of tax of $18 and $503 for the three months ended June 30, 2014 and 2013, respectively.

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Unrealized gain (loss) on interest rate swaps, tax	$18	$503

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$13,385	$10,020
Accounts receivable, net of allowance of $2,344 and $2,028 at June 30, 2014 and March 31, 2014, respectively	119,042	118,906
Other receivables	5,578	6,737
Inventories, net	58,834	56,296
Deferred income tax assets	11,317	11,144
Prepaid expenses and other current assets	9,144	10,321
Total current assets	217,300	213,424
Assets held for sale	0	60
Property, plant and equipment, net of accumulated depreciation of $137,605 and $130,193 at June 30, 2014 and March 31, 2014, respectively	198,201	194,589
Goodwill	394,874	391,690
Intangible assets, net	153,596	155,943
Deferred financing fees and other non-current assets	7,133	7,619
Deferred income tax assets	1,154	1,141
Total assets	972,258	964,466
Current liabilities:	'	'
Current portion of long-term debt	44,327	42,648
Accounts payable	69,416	69,405
Accrued expenses and other liabilities	45,276	44,378
Total current liabilities	159,019	156,431
Long-term debt	422,402	435,554
Deferred income tax liabilities	58,097	56,561
Other liabilities	18,330	18,173
Total liabilities	657,848	666,719
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, no par value, 1,000 shares authorized, no shares outstanding	0	0
Common stock, no par value, stated value of $0.10 per share; 25,000 shares authorized, 16,643 and 16,571 shares issued at June 30, 2014 and March 31, 2014, respectively	1,002	994
Paid-in capital	134,314	132,344
Treasury stock, 188 and 161 shares at cost at June 30, 2014 and March 31, 2014, respectively	-4,743	-3,760
Restricted stock	-673	-717
Retained earnings	184,531	172,052
Accumulated other comprehensive loss	-21	-3,166
Total stockholders' equity	314,410	297,747
Total liabilities and stockholders' equity	$972,258	$964,466

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, except Per Share data, unless otherwise specified
Accounts receivable, allowance	$2,344	$2,028
Accumulated depreciation	$137,605	$130,193
Preferred stock, no par value	'	'
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares outstanding	0	0
Common stock, no par value	'	'
Common stock, stated value per share	$0.10	$0.10
Common stock, shares authorized	25,000	25,000
Common stock, shares issued	16,643	16,571
Treasury stock, shares	188	161

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income	$13,300	$6,672
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	7,351	6,903
Amortization of intangible assets	2,921	2,204
Amortization of deferred financing costs	624	495
Net loss on disposal of property, plant and equipment	59	51
Stock based compensation expense	536	335
Excess tax benefit from stock based compensation	-398	-91
Deferred income taxes, net	771	1,403
Net decrease in accounts receivable	62	2,146
Net increase in inventories	-2,187	-2,597
Net decrease in prepaid expenses and other assets	2,221	1,239
Net (decrease) increase in accounts payable	-199	3,958
Net increase (decrease) in accrued expenses and other liabilities	650	-4,231
Net cash provided by operating activities	25,711	18,487
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Capital expenditures	-10,520	-12,609
Investment in acquisitions, net of cash acquired	'	-7,495
Proceeds from sale of property, plant and equipment	112	77
Net cash used in investing activities	-10,408	-20,027
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Borrowings under revolving lines of credit	39,021	90,521
Payments under revolving lines of credit	-40,143	-86,425
Borrowings of long-term debt	'	1,751
Repayment of long-term debt	-10,859	-5,095
Proceeds from issuance of common stock	366	1,716
Excess tax benefit from stock based compensation	398	91
Dividends paid	-820	-813
Net cash (used in)/provided by financing activities	-12,037	1,746
Effect of foreign exchange rate changes on cash	99	-203
Net increase in cash and cash equivalents	3,365	3
Cash and cash equivalents, beginning of period	10,020	15,737
Cash and cash equivalents, end of period	$13,385	$15,740

Description_of_Business_and_Si

Description of Business and Significant Accounting Policies	3 Months Ended
	Jun. 30, 2014
Description of Business and Significant Accounting Policies	'
	1	Description of Business and Significant Accounting Policies
	The Company
	Multi-Color Corporation (Multi-Color, MCC, we, us, our or the Company), headquartered near Cincinnati, Ohio, is a leader in global label solutions supporting a number of the world’s most prominent brands including leading producers of home & personal care, wine & spirit, food & beverage, healthcare and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
	Basis of Presentation
	The condensed consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Although certain information and footnote disclosures, normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP), have been condensed or omitted pursuant to such rules and regulations, the Company believes that the disclosures are adequate to make the information presented not misleading. A description of the Company’s significant accounting policies is included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014 (the “2014 10-K”). These condensed consolidated financial statements should be read in conjunction with the financial statements and the notes thereto included in the 2014 10-K.
	The information furnished in these condensed consolidated financial statements reflects all estimates and adjustments which are, in the opinion of management, necessary to present fairly the results for the interim periods reported.
	The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain prior period balances have been reclassified to conform to current year classifications.
	Use of Estimates in Financial Statements
	In preparing financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606),” which provides revised guidance for revenue recognition. The standard’s core principle is that an entity should recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance provides five steps that should be applied to achieve that core principle. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, which for the Company is the fiscal year beginning April 1, 2017. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company’s consolidated financial statements.

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
	Jun. 30, 2014
Earnings Per Common Share	'
	2	Earnings Per Common Share
	Basic earnings per common share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the sum of the weighted average number of common shares outstanding during the period plus if dilutive, potential common shares outstanding during the period. Potential common shares outstanding during the period consist of restricted shares and the incremental common shares issuable upon the exercise of stock options and are reflected in diluted EPS by application of the treasury stock method.
	The following is a reconciliation of the number of shares used in the basic EPS and diluted EPS computations:
			Three Months Ended
			30-Jun-14					30-Jun-13
			Shares		Per Share			Shares		Per Share
					Amount					Amount
	Basic EPS			16,427	$	0.81			16,278	$	0.41
	Effect of dilutive stock options and restricted shares			236		(0.01	)		249		(0.01	)
	Diluted EPS			16,663	$	0.8			16,527	$	0.4
	The Company excluded 284 and 169 options to purchase shares in the three months ended June 30, 2014 and 2013, respectively, from the computation of diluted EPS because these shares would have an anti-dilutive effect.

Inventories

Inventories	3 Months Ended
	Jun. 30, 2014
Inventories	'
	3	Inventories
	The Company’s inventories consisted of the following:
			June 30, 2014			March 31, 2014
	Finished goods		$	32,067		$	30,276
	Work-in-process			7,975			7,539
	Raw materials			22,376			21,503
	Total inventories, gross			62,418			59,318
	Inventory reserves			(3,584	)		(3,022	)
	Total inventories, net		$	58,834		$	56,296

Debt

Debt	3 Months Ended
	Jun. 30, 2014
Debt	'
	4	Debt
	The components of the Company’s debt consisted of the following:
			June 30, 2014			March 31, 2014
	U.S. Revolving Credit Facility, 4.06% and 3.93% weighted variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016		$	79,600		$	84,200
	Term Loan Facility, 3.73% variable interest rate at June 30, 2014 and March 31, 2014, due in quarterly installments from 2015 to 2016			351,750			361,875
	Australian Sub-Facility, 6.22% and 6.20% variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016			30,374			28,536
	Capital leases			1,593			2,205
	Other subsidiary debt			3,412			1,386
	Total debt			466,729			478,202
	Less current portion of debt			(44,327	)		(42,648	)
	Total long-term debt		$	422,402		$	435,554
	The following is a schedule of future annual principal payments as of June 30, 2014:
			Debt			Capital Leases			Total
	July 2014 - June 2015		$	43,025		$	1,302		$	44,327
	July 2015 - June 2016			50,957			291			51,248
	July 2016 - June 2017			370,933			—			370,933
	July 2017 - June 2018			189			—			189
	July 2018 - June 2019			32			—			32
	Total		$	465,136		$	1,593		$	466,729
	On February 29, 2008, the Company executed a five year $200,000 credit agreement with a consortium of bank lenders (Credit Facility) with an original expiration date in 2013. In August 2011, the Company executed the third amendment to the Credit Facility. The third amendment extended the expiration date to August 2016 and increased the aggregate principal amount to $500,000 with an additional $315,000 term loan, which the Company drew down on in conjunction with the York Label Group acquisition in October 2011. In February 2014, the Company executed the seventh amendment to the Credit Facility to access $100,000 to fund the acquisition of the DI-NA-CAL label business (see Note 9). As a result of the first through seventh amendments, which were executed in fiscal 2011 through fiscal 2014, the following current provisions are in place for the Credit Facility.
	The Credit Facility contains customary representations and warranties as well as customary negative and affirmative covenants which require the Company to maintain the following financial covenants at June 30, 2014: (i) a minimum consolidated net worth; (ii) a maximum consolidated leverage ratio of 4.25 to 1.00 and (iii) a minimum consolidated interest charge coverage ratio of 4.00 to 1.00. The maximum consolidated leverage ratio has scheduled step downs to 3.50 to 1.00 in future periods. The Credit Facility contains customary mandatory and optional prepayment provisions, customary events of default, and is secured by the capital stock of subsidiaries, intercompany debt and all of the Company’s property and assets, but excluding real property. The Company is in compliance with all covenants under the Credit Facility as of June 30, 2014.
	The Credit Facility may be used for working capital, capital expenditures and other corporate purposes. Loans under the U.S. Revolving Credit Facility and Term Loan Facility bear interest either at: (i) base rate (as defined in the credit agreement) plus the applicable margin for such loans which ranges from 1.00% to 2.50%; or (ii) the applicable London interbank offered rate, plus the applicable margin for such loans which ranges from 2.00% to 3.50% based on the Company’s leverage ratio at the time of the borrowing. Loans under the Australian Sub-Facility bear interest at the BBSY Rate plus the applicable margin for such loans, which ranges from 2.00% to 3.50% based on the Company’s leverage ratio at the time of the borrowing.
	At June 30, 2014, the aggregate commitment amount of $546,750 under the Credit Facility is comprised of the following: (i) a $155,000 revolving Credit Facility that allows the Company to borrow in alternative currencies up to the equivalent of $50,000 (U.S. Revolving Credit Facility); (ii) the Australian dollar equivalent of a $40,000 revolving Credit Facility (Australian Sub-Facility); and (iii) a $351,750 term loan facility (Term Loan Facility) which amortizes quarterly based on an escalating percentage of the initial aggregate value of the Term Loan Facility. The Term Loan Facility amortizes quarterly based on the following schedule: (i) March 31, 2014 through December 31, 2015 - amortization of $10,125 and (ii) March 31, 2016 through June 30, 2016 - amortization of $15,188, with the balance due at maturity.
	In the fourth quarter of fiscal 2014, the Company incurred $1,364 in debt issuance costs related to the debt modification that occurred as a result of the seventh amendment to the Credit Facility. We analyzed the new loan costs and the existing unamortized loan costs related to the prior agreement allocated to the amended revolving line of credit and term loan separately to determine the amount of costs to be capitalized and the amount to be expensed. As a result of the analysis, the Company recorded $99 to selling, general and administrative expenses in fiscal 2014 to expense certain third-party fees related to the modification of the term loan. The remaining new and unamortized deferred loan costs are being deferred and amortized over the term of the modified agreement.
	The Company recorded $624 and $495 in interest expense for the three months ended June 30, 2014 and 2013, respectively, in the condensed consolidated statements of income to amortize deferred financing costs.
	Available borrowings under the Credit Facility at June 30, 2014 consisted of $74,863 under the U.S. Revolving Credit Facility and $9,626 under the Australian Sub-Facility. The Company also has various other uncommitted lines of credit available at June 30, 2014 in the amount of $8,612.
	Capital Leases
	The present value of the net minimum payments on the capitalized leases is as follows:
			June 30, 2014			March 31, 2014
	Total minimum lease payments		$	1,632		$	2,261
	Less amount representing interest			(39	)		(56	)
	Present value of net minimum lease payments			1,593			2,205
	Current portion			(1,302	)		(1,728	)
	Capitalized lease obligations, less current portion		$	291		$	477
	The capitalized leases carry interest rates from 2.70% to 6.84% and mature from fiscal 2015 to fiscal 2016.

Major_Customers

Major Customers	3 Months Ended
	Jun. 30, 2014
Major Customers	'
	5	Major Customers
	During the three months ended June 30, 2014 and 2013, sales to major customers (those exceeding 10% of the Company’s net revenues in one or more of the periods presented) approximated 16% and 15%, respectively, of the Company’s consolidated net revenues. All of these sales were made to the Procter & Gamble Company.
	In addition, accounts receivable balances from the Procter & Gamble Company approximated 6% of the Company’s total accounts receivable balance at June 30, 2014 and 7% at March 31, 2014. The loss or substantial reduction of the business of this major customer could have a material adverse impact on the Company’s results of operations and cash flows.

Income_Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2014
Income Taxes	'
	6	Income Taxes
	The Company files income tax returns in the U.S. federal jurisdiction, various foreign jurisdictions and various state and local jurisdictions where the statutes of limitations generally range from three to five years. At June 30, 2014, the Company is no longer subject to U.S. federal examinations by tax authorities for years before fiscal 2010. The Company is no longer subject to state and local examinations by tax authorities for years before fiscal 2009. In foreign jurisdictions, the Company is no longer subject to examinations by tax authorities for years before fiscal 1999.
	The benefits of tax positions are not recorded unless it is more likely than not the tax position would be sustained upon challenge by the appropriate tax authorities. Tax benefits that are more likely than not to be sustained are measured at the largest amount of benefit that is cumulatively greater than a 50% likelihood of being realized.
	As of June 30, 2014 and March 31, 2014, the Company had liabilities of $4,202 and $4,161, respectively, recorded for unrecognized tax benefits for U.S. federal, state and foreign tax jurisdictions. During the three months ended June 30, 2014 and 2013, the Company recognized $153 and $76, respectively, of interest and penalties in income tax expense in the condensed consolidated statements of income. The liability for the gross amount of interest and penalties at June 30, 2014 and March 31, 2014, was $1,462 and $1,306, respectively. The liability for unrecognized tax benefits is classified in other noncurrent liabilities on the condensed consolidated balance sheets for the portion of the liability where payment of cash is not anticipated within one year of the balance sheet date. During the three months ended June 30, 2014, the Company did not release any reserves, including interest and penalties, related to uncertain tax positions that have been settled. The Company believes that it is reasonably possible that $510 of unrecognized tax benefits as of June 30, 2014 could be released within the next 12 months due to lapse of statute of limitations and settlements of certain foreign income tax matters. The unrecognized tax benefits that, if recognized, would favorably impact the effective tax rate are $4,202.
	During the fourth quarter of fiscal year 2014, the IRS released Rev. Proc. 2014-16 and 2014-17 which provided transitional guidance related to the final tangible property regulations issued on September 13, 2013. These regulations are effective for Multi-Color’s fiscal year ending March 31, 2015. Multi-Color continues to review these regulations but does not believe there will be a material impact on the consolidated financial statements when they are fully adopted.

Financial_Instruments

Financial Instruments	3 Months Ended
	Jun. 30, 2014
Financial Instruments	'
	7	Financial Instruments
	Interest Rate Swaps
	The Company uses interest rate swap agreements (Swaps) to minimize its exposure to interest rate fluctuations on variable rate debt borrowings. Swaps involve the exchange of fixed and variable rate interest payments and do not represent an actual exchange of the underlying notional amounts between the two parties.
	In October 2011, in connection with the drawdown of the $315,000 term loan for the acquisition of York Label Group, the Company entered into three forward starting non-amortizing Swaps for a total notional amount of $125,000 to convert variable rate debt to fixed rate debt. The Swaps became effective October 2012 and expire in August 2016. The Swaps result in interest payments based on an average fixed rate of 1.396% plus the applicable margin per the requirements in the Credit Facility, which was 3.50% as of June 30, 2014.
	The Swaps are designated as cash flow hedges, with the effective portion of gains and losses, net of tax, measured on an ongoing basis, recorded in accumulated other comprehensive income. If a hedge or a portion thereof were determined to be ineffective, any gains and losses would be recorded in interest expense in the condensed consolidated statements of income. The amount of gain (loss) on the interest rate swaps recognized in other comprehensive income (OCI) was as follows:
			Three Months Ended
			June 30, 2014			June 30, 2013
	Gain (loss) recognized in OCI on interest rate swaps (effective portion)		$	(47	)	$	1,306
	There was no hedge ineffectiveness related to the Swaps during the three months ended June 30, 2014 and 2013. During the next 12 months, the amount of the gains (losses) included in the June 30, 2014 accumulated OCI balance that is expected to be reclassified into the condensed consolidated statements of income is not material. The fair value of the Swaps was included in other long-term liabilities on the condensed consolidated balance sheets. See Note 10 for additional information on the fair value of the Swaps.
	Foreign Currency Forward Contracts
	Foreign currency exchange risk arises from our international operations in Australia, Europe, South America, Mexico, Canada, China and South Africa as well as from transactions with customers or suppliers denominated in currencies other than the U.S. dollar. The functional currency of each of the Company’s subsidiaries is generally the currency of the country in which the subsidiary operates. At times, the Company uses forward currency contracts to minimize the impact of fluctuations in currency exchange rates.
	The Company has historically entered into multiple foreign currency forward contracts to fix the purchase price in U.S. dollars of foreign currency denominated firm commitments to purchase presses and other equipment. The forward contracts are designated as fair value hedges and changes in the fair value of the contracts are recorded in other income and expense in the condensed consolidated statements of income in the same period during which the related hedged items affect the condensed consolidated statements of income. No such foreign currency forward contracts were outstanding as of June 30, 2014. The amount of gain (loss) on the foreign currency forward contracts recognized in the condensed consolidated statements of income was as follows:
			Three Months Ended
			June 30, 2014			June 30, 2013
	Gain (loss) on foreign currency forward contracts		$	—		$	46
	Gain (loss) on related hedged items		$	—		$	(58	)
	In fiscal 2014, the Company entered into a foreign currency forward contract to fix the U.S. dollar value of certain intercompany loan payments. The contract matured on April 1, 2014. This contract was not designated as a hedging instrument; therefore, changes in the fair value of the contract were immediately recognized in other income and expense in the condensed consolidated statements of income and were not material to the consolidated results of operations during the three months ended June 30, 2013.
	The fair value of the contracts designated as hedging instruments was included in prepaid expenses and other current assets on the condensed consolidated balance sheets. The fair value of the contract not designated as a hedging instrument was included in accrued expenses and other liabilities. See Note 10 for additional information on the fair value of the contracts.

Accrued_Expenses_and_Other_Lia

Accrued Expenses and Other Liabilities	3 Months Ended
	Jun. 30, 2014
Accrued Expenses and Other Liabilities	'
	8	Accrued Expenses and Other Liabilities
	The Company’s accrued expenses and other liabilities consisted of the following:
			June 30, 2014		March 31, 2014
	Accrued payroll and benefits		$	19,141	$	17,531
	Accrued income taxes			3,836		2,366
	Professional fees			707		391
	Accrued taxes other than income taxes			1,123		1,210
	Deferred lease incentive			340		453
	Accrued interest			105		115
	Accrued severance			966		1,123
	Customer rebates			2,133		1,818
	Deferred press payments			754		650
	Plant consolidation costs (1)			27		744
	Contingent consideration			10,923		10,307
	Other			5,221		7,670
	Total accrued expenses and other liabilities		$	45,276	$	44,378
	-1	The balance at June 30, 2014 and March 31, 2014 consisted of a liability related to severance and plant consolidation costs for the Company’s facility in El Dorado Hills, California, as further described in Note 13.

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2014
Acquisitions	'
	9	Acquisitions
	DI-NA-CAL Summary
	On February 1, 2014, the Company acquired the assets of the DI-NA-CAL label business, based near Cincinnati, Ohio, from Graphic Packaging International, Inc., which was accounted for as a business combination. DI-NA-CAL operates manufacturing facilities near Cincinnati, Ohio and Greensboro, North Carolina and provides decorative label solutions primarily in the heat transfer label markets for home & personal care and food & beverage through long-standing relationships with blue chip national and multi-national customers. The acquisition extends Multi-Color’s position in the heat transfer label market and allows us to support a number of new customers with a broader range of label technologies. The results of DI-NA-CAL’s operations were included in the Company’s condensed consolidated financial statements beginning February 1, 2014.
	The purchase price for DI-NA-CAL consisted of cash of $80,667, which was funded through borrowings under the Credit Facility (see Note 4 for details of the Credit Facility). Upon closing, $8,067 of the purchase price was deposited into an escrow account and is to be released to the seller on the 18 month anniversary of the closing date in accordance with the provisions of the escrow agreement. The escrow amount is to fund certain potential obligations of the seller with respect to the transaction. The Company spent $407 in acquisition expenses related to the DI-NA-CAL acquisition. These expenses were recorded in selling, general and administrative expenses in the condensed consolidated statements of income, $102 in the first quarter of 2015 and $305 in fiscal 2014.
	John Watson & Company Limited (Watson) Summary
	On October 1, 2013, the Company acquired 100% of Watson based in Glasgow, Scotland. Watson is the leading glue-applied spirit label producer in the U.K. The business is ideally located for its key customers and is complementary to MCC’s existing business in Glasgow (formerly Labelgraphics), the leading pressure sensitive wine and spirit label producer in the same region. The results of Watson’s operations were included in the Company’s condensed consolidated financial statements beginning October 1, 2013.
	The purchase price for Watson consisted of the following:
	Cash from proceeds of borrowings		$	13,136
	Contingent consideration			8,498
	Purchase price, before cash acquired			21,634
	Net cash acquired			(143	)
	Total purchase price		$	21,491
	The cash portion of the purchase price was funded through borrowings under the Credit Facility (see Note 4 for details of the Credit Facility). The purchase price includes a future performance based earnout of $8,498, estimated as of the acquisition date. The amount of the earnout is based on a comparison between EBITDA for the acquired business for fiscal 2013 and fiscal 2014 less certain adjustments and any claims to fund certain potential indemnification obligations of the seller with respect to the transaction. An additional $1,063 related to the earnout due to the sellers was accrued in the fourth quarter of fiscal 2014 based on better than estimated fiscal 2014 performance by the acquired company compared to estimates made at the time of the acquisition, which was recorded in other expense in the consolidated statements of income. In June 2014, the amount of the earnout was finalized and an additional $343 was accrued, which was recorded in other expense in the condensed consolidated statements of income. The earnout was paid in July 2014. The Company spent $284 in acquisition expenses related to the Watson acquisition. These expenses were recorded in selling, general and administrative expenses in the condensed consolidated statements of income in fiscal 2014.
	Flexo Print S.A. De C.V. (Flexo Print) Summary
	On August 1, 2013, the Company acquired 100% of Flexo Print based in Guadalajara, Mexico. Flexo Print is a leading producer of home & personal care, food & beverage, wine & spirit and pharmaceutical labels in Latin America. The acquisition provides Multi-Color with significant growth opportunities in Mexico through our many common customers, technologies and suppliers. The results of Flexo Print’s operations were included in the Company’s condensed consolidated financial statements beginning August 1, 2013.
	The purchase price for Flexo Print consisted of the following:
	Cash from proceeds of borrowings		$	29,134
	Deferred payment			2,713
	Purchase price, before debt assumed			31,847
	Net debt assumed			2,324
	Total purchase price		$	34,171
	The cash portion of the purchase price was funded through borrowings under the Credit Facility (see Note 4 for details of the Credit Facility). Assumed net debt includes $2,884 of bank debt less $560 of cash acquired. Upon closing, $3,058 of the purchase price was deposited into an escrow account, and an additional $1,956 of the purchase price was retained by MCC and is deferred until the third anniversary of the closing date, at which time it should be deposited into the escrow account. These combined escrow amounts are to be released to the seller on the fifth anniversary of the closing date in accordance with the purchase agreement. An additional $757 of the purchase price was retained by MCC at closing and is to be paid to the seller on the 3rd anniversary of the closing date in accordance with the purchase agreement. The combined escrow and retention amounts are to fund certain potential indemnification obligations of the seller with respect to the transaction. The Company spent $359 in acquisition expenses related to the Flexo Print acquisition. These expenses were recorded in selling, general and administrative expenses in the condensed consolidated statements of income, $2 in the first quarter of fiscal 2015 and $357 in fiscal 2014.
	In the fourth quarter of fiscal 2014, the Company reduced the deferred payment by $1,157 in settlement of an indemnification claim.
	Purchase Price Allocation and Other Items
	The determination of the final purchase price and its allocation to specific assets acquired and liabilities assumed for DI-NA-CAL, Watson and Flexo Print will be finalized prior to the end of January 2015, September 2014 and July 2014, respectively, once independent fair value appraisals of assets and liabilities and valuation of tax liabilities are finalized.
	Based on fair value estimates, the final purchase prices for DI-NA-CAL, Watson and Flexo Print have been allocated to individual assets acquired and liabilities assumed as follows:
			DI-NA-CAL			Watson		Flexo Print
	Assets Acquired:
	Net cash acquired		$	—		$	143	$	—
	Accounts receivable			7,589			4,606		7,930
	Inventories			3,489			1,974		2,110
	Property, plant and equipment			7,803			5,404		11,522
	Intangible assets			37,700			4,090		5,367
	Goodwill			28,792			10,085		16,185
	Other assets			52			518		6,716
	Total assets acquired			85,425			26,820		49,830
	Liabilities Assumed:
	Accounts payable			4,273			2,610		7,177
	Accrued income taxes payable			—			316		247
	Accrued expenses and other liabilities			485			728		5,010
	Net debt assumed			—			—		2,324
	Deferred tax liabilities			—			1,532		3,225
	Total liabilities assumed			4,758			5,186		17,983
	Net assets acquired		$	80,667		$	21,634	$	31,847
	The estimated fair value of identifiable intangible assets and their estimated useful lives are as follows:
			DI-NA-CAL					Watson					Flexo Print
			Fair			Useful		Fair			Useful		Fair		Useful
			Value			Lives		Value			Lives		Value		Lives
	Customer relationships		$	34,550			21 years	$	4,090			20 years	$	5,367		17 years
	Trademarks			—			—		—			—		—		—
	Non-compete agreements			3,150			7 years		—			—		—		—
	Total identifiable intangible assets		$	37,700				$	4,090				$	5,367
	Identifiable intangible assets are amortized over their useful lives based on a number of assumptions including the estimated period of economic benefit and utilization. The weighted-average amortization period for identifiable intangible assets acquired in the DI-NA-CAL, Watson and Flexo Print acquisitions is 20, 20 and 17 years, respectively.
	The goodwill for DI-NA-CAL is attributable to opportunities to expand business with new blue chip national and multi-national customers through multiple label technology offerings and the acquired workforce. The goodwill for Flexo Print is attributable to access to the Mexican label market and the acquired workforce. The goodwill for Watson is attributable to access to the UK spirit label market and the acquired workforce. None of the goodwill arising from the Watson or Flexo Print, acquisitions is deductible for income tax purposes. Approximately $28,792 of the goodwill arising from the DI-NA-CAL acquisition is deductible for income tax purposes. Below is a roll forward of the acquisition goodwill from acquisition date to June 30, 2014:
			DI-NA-CAL			Watson		Flexo Print
	Balance at acquisition date		$	28,792		$	10,085	$	16,185
	Foreign exchange impact			—			566		(305	)
	Balance at June 30, 2014		$	28,792		$	10,651	$	15,880
	The accounts receivable acquired as part of the DI-NA-CAL acquisition had a fair value of $7,589 at the acquisition date. The gross contractual value of the receivables prior to any adjustments was $7,626 and the estimated contractual cash flows that are not expected to be collected are $37. The accounts receivable acquired as part of the Watson acquisition had a fair value of $4,606 at the acquisition date. The gross contractual value of the receivables prior to any adjustment was $4,623 and the estimated contractual cash flows that are not expected to be collected are $17. The accounts receivable acquired as part of the Flexo Print acquisition had a fair value of $7,930 at the acquisition date. The gross contractual value of the receivables prior to any adjustments was $8,258 and the estimated contractual cash flows that are not expected to be collected are $328.
	Other Acquisition Activity
	On October 1, 2013, the Company acquired Gern & Cie SA (Gern) in Neuchatel, Switzerland for $5,939. Gern is the premier wine label producer in Switzerland, with similar customer profiles and technologies as our existing French operations. On April 2, 2013, the Company completed acquisitions in Australia and France for $7,362. In Adelaide, Australia, MCC acquired Labelmakers Wine Division. In the Champagne region of France, MCC acquired Imprimerie Champenoise, which increases our ability to support local champagne producers in the region. The results of operations of these acquired businesses have been included in the consolidated financial statements since the date of acquisition and have been determined to be individually and collectively immaterial for further disclosure.
	On April 2, 2012, the Company acquired 100% of Labelgraphics (Holdings) Ltd. (Labelgraphics), a wine & spirit label specialist located in Glasgow, Scotland, for $24,634 plus net debt assumed of $712. The purchase price includes a future performance based earnout of $3,461, estimated as of the acquisition date. The amount of the earnout is based on a comparison between EBITDA for the acquired business for fiscal 2012 and the average for fiscal 2013 and fiscal 2014 less certain adjustments and any claims to fund certain potential indemnification obligations of the seller with respect to the transaction. The accrual related to the earnout due to sellers was decreased to $500 in the fourth quarter of fiscal 2014 based upon the actual results of the acquired company for fiscal 2013 and 2014 compared to the estimates made at the time of acquisition and was paid in July 2014. The Company spent $394 in acquisition expenses related to the Labelgraphics acquisition. These expenses were recorded in selling, general and administrative expenses in the condensed consolidated statements of income, $7 in the first quarter of 2014 and $387 in fiscal 2013.

Fair_Value_Measurements

Fair Value Measurements

3 Months Ended

Jun. 30, 2014

Fair Value Measurements

'

10

Fair Value Measurements

The Company defines fair value as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. To increase consistency and comparability in fair value measurements, the Company uses a three-level hierarchy that prioritizes the use of observable inputs. The three levels are:

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly.

Level 3 - Unobservable inputs.

The determination of where an asset or liability falls in the hierarchy requires significant judgment.

Derivative Financial Instruments

The Company has three non-amortizing interest rate Swaps with a total notional amount of $125,000 at June 30, 2014 to convert variable interest rates on a portion of outstanding debt to fixed interest rates to minimize interest rate risk. The Company adjusts the carrying value of these derivatives to their estimated fair values and records the adjustment in accumulated other comprehensive income. See Note 7 for additional information on the Swaps.

The Company has historically entered into multiple foreign currency forward contracts to fix the purchase price in U.S. dollars of foreign currency denominated firm commitments to purchase presses and other equipment. The forward contracts are designated as fair value hedges and changes in the fair value of the contracts are recorded in other income and expense in the condensed consolidated statements of income in the same period during which the related hedged items affect the condensed consolidated statements of income. No such foreign currency forward contracts were outstanding as of June 30, 2014.

In fiscal 2014, the Company entered into a foreign currency forward contract to fix the U.S. dollar value of certain intercompany loan payments. The contract matured on April 1, 2014. This contract was not designated as a hedging instrument; therefore, changes in the fair value of the contract were immediately recognized in other income and expense in the condensed consolidated statements of income. See Note 7 for additional information on the foreign currency forward contracts.

Financial liabilities for interest rate swaps are carried in other long term liabilities. Financial liabilities for foreign currency forward contracts are carried in accrued expenses and other liabilities.

At June 30, 2014, the Company carried the following financial liabilities at fair value:

Fair Value at

Fair Value Measurement Using

June 30, 2014

Level 1

Level 2

Level 3

Derivatives designated as hedging instruments:

Interest rate swap liabilities

$

(2,080

)

$

—

$

(2,080

)

$

—

At March 31, 2013, the Company carried the following financial liabilities at fair value:

Fair Value at

Fair Value Measurement Using

March 31, 2014

Level 1

Level 2

Level 3

Derivatives designated as hedging instruments:

Interest rate swap liabilities

$

(2,033

)

$

—

$

(2,033

)

$

—

The Company values interest rate Swaps using pricing models based on well recognized financial principles and available market data. The Company values foreign currency forward contracts by using spot rates at the date of valuation.

Other Fair Value Measurements

Fair value measurements of nonfinancial assets and nonfinancial liabilities are primarily used in goodwill, other intangible assets and long-lived assets impairment analyses, the valuation of acquired intangibles and in the valuation of assets held for sale. The Company tests goodwill for impairment annually, as of the last day of February of each fiscal year. Impairment is also tested when events or changes in circumstances indicate that the assets’ carrying values may be greater than the fair values. During fiscal 2015 (through June 30, 2014), the Company did not adjust goodwill to its fair value as a result of any impairment analyses. During the fourth quarter of fiscal 2014, the Company recorded a $13,475 goodwill impairment charge related to our Latin America Wine & Spirit reporting unit. See Note 12 for further information on the goodwill impairment. During fiscal 2015 (through June 30, 2014) and fiscal 2014, the Company did not adjust intangible assets to their fair values as a result of any impairment analyses. Goodwill and intangible assets are valued using Level 3 inputs.

As part of the recent acquisitions, the Company acquired presses that were appraised and adjusted to their fair value as part of the purchase price accounting. See Note 9 for further information regarding the acquisitions. The carrying value of cash and equivalents, accounts receivable, accounts payable and debt approximate fair value. The fair value of long-term debt is based on observable inputs, including quoted market prices for similar instruments (Level 2).

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	3 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Income	'
	11	Accumulated Other Comprehensive Income
	The components of the Company’s accumulated other comprehensive income (loss) consisted of the following:
			June 30, 2014			March 31, 2014
	Net unrealized foreign currency translation adjustments		$	1,494		$	(1,680	)
	Net unrealized loss on interest rate swaps, net of tax			(1,273	)		(1,244	)
	Minimum pension liability, net of tax			(242	)		(242	)
	Accumulated other comprehensive loss		$	(21	)	$	(3,166	)
	No material amounts were reclassified out of accumulated other comprehensive income (loss) into net income during the three months ended June 30, 2014 and 2013.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets	'
	12	Goodwill and Intangible Assets
	Below is a roll-forward of the Company’s goodwill:
	Balance at March 31, 2014		$	391,690
	Adjustment to acquisitions			453
	Currency translation			2,731
	Balance at June 30, 2014		$	394,874
	During the three months ended June 30, 2014, goodwill increased by $453 for purchase accounting adjustments related to prior year acquisitions. This increase is primarily due to the finalization of the valuation of deferred tax liabilities related to the intangible assets acquired in the John Watson acquisition.
	During the fourth quarter of fiscal 2014, the Company recorded a $13,475 goodwill impairment charge related to our Latin America Wine & Spirit reporting unit. The impairment loss recorded is an estimate, as the fair value appraisals of the fixed assets and lease intangibles used in step 2 of the two-step goodwill impairment test were not completed prior to the filing date of the 2014 10-K or this Form 10-Q for the three months ended June 30, 2014. Once the final step 2 valuations are completed, any resulting adjustments will be recognized in the second quarter of fiscal 2015.
	The Company’s intangible assets consisted of the following:
			June 30, 2014							March 31, 2014
			Gross Carrying		Accumulated			Net Carrying		Gross Carrying		Accumulated			Net Carrying
			Amount		Amortization			Amount		Amount		Amortization			Amount
	Customer relationships		$	182,594	$	(33,273	)	$	149,321	$	181,408	$	(30,069	)	$	151,339
	Technologies			1,535		(1,389	)		146		1,561		(1,360	)		201
	Trademarks			1,047		(1,047	)		—		1,019		(1,019	)		—
	Licensing intangible			2,516		(2,012	)		504		2,474		(1,842	)		632
	Non-compete agreements			4,097		(472	)		3,625		4,072		(301	)		3,771
	Total		$	191,789	$	(38,193	)	$	153,596	$	190,534	$	(34,591	)	$	155,943
	The amortization expense of intangible assets for the three months ended June 30, 2014 and 2013 was $2,921 and $2,204, respectively.

Facility_Closures

Facility Closures	3 Months Ended
	Jun. 30, 2014
Facility Closures	'
	13	Facility Closures
	On October 16, 2013, the Company announced plans to consolidate our manufacturing facility located in El Dorado Hills, California, into the Napa, California facility. The transition was completed in the fourth quarter of fiscal 2014. In connection with the closure of the El Dorado Hills facility, the Company recorded initial charges in the third quarter of fiscal 2014 of $1,382 for employee termination benefits, including severance and relocation and other costs. These were recorded in selling, general and administrative expenses in the condensed consolidated statement of income. During the fourth quarter of fiscal 2014, the nature of the employee termination benefits was determined to be such that adjustments were made to reduce the pre-tax impact to the initial charge by $216. The total amount of charges related to closure for El Dorado Hills for fiscal 2014 was $1,166, which were recorded in selling, general and administrative expenses in the consolidated statement of income. The total costs incurred in connection with the closure is expected to be approximately $1,400. Below is a roll forward of the accrued (prepaid) severance and other termination benefits and relocation and other costs related to the El Dorado Hills facility:
			Balance at		Amounts		Amounts		Balance at
			March 31, 2014		Expensed		Paid		June 30, 2014
	Accrued (prepaid) severance and other termination benefits and relocation and other costs		$	744		66		872	$	(62	)

Geographic_Information

Geographic Information	3 Months Ended
	Jun. 30, 2014
Geographic Information	'
	14	Geographic Information
	During fiscal 2014, the Company acquired the DI-NA-CAL label business, Watson, Gern, Flexo Print, Labelmakers Wine Division and Imprimerie Champenoise. All of these acquisitions expanded the Company’s geographic presence. For further information regarding these acquisitions, see Note 9 to the Company’s condensed consolidated financial statements. The Company now manufactures labels in the United States, Argentina, Australia, Canada, Chile, China, France, Italy, Mexico, Poland, Scotland, South Africa and Switzerland. Net revenues, based on the geographic area from which the product is shipped, for the three months ended June 30, 2014 and 2013 and long-lived assets by geographic area as of June 30, 2014 and March 31, 2014 are as follows:
			Three Months Ended
			June 30, 2014		June 30, 2013
	Net revenues:
	United States		$	129,814	$	108,926
	Australia			15,107		17,293
	Italy			16,132		14,377
	Other International			42,086		26,247
	Total		$	203,139	$	166,843
			30-Jun-14		March 31, 2014
	Long-lived assets:
	United States		$	394,013	$	394,997
	Australia			101,512		100,467
	Italy			63,294		60,882
	Other International			194,985		193,555
	Total		$	753,804	$	749,901

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2014
Commitments and Contingencies	'
	15	Commitments and Contingencies
	Litigation
	The Company is subject to various legal claims and contingencies that arise out of the normal course of business, including claims related to commercial transactions, product liability, health and safety, taxes, environmental matters, employee matters and other matters. Litigation is subject to numerous uncertainties and the outcome of individual claims and contingencies is not predictable. It is possible that some legal matters for which reserves have or have not been established could result in an unfavorable outcome for the Company and any such unfavorable outcome could be of a material nature or have a material adverse effect on our financial condition, results of operations and cash flows.

Supplemental_Cash_Flow_Disclos

Supplemental Cash Flow Disclosures	3 Months Ended
	Jun. 30, 2014
Supplemental Cash Flow Disclosures	'
	16	Supplemental Cash Flow Disclosures
	Supplemental disclosures with respect to cash flow information and non-cash investing and financing activities are as follows:
			Three Months Ended
			June 30, 2014			June 30, 2013
	Supplemental Disclosures of Cash Flow Information:
	Interest paid		$	5,123		$	4,324
	Income taxes paid, net of refunds			3,454			632
	Supplemental Disclosures of Non-Cash Activities:
	Change in interest rate swap fair value			(47	)		1,306
	Business combinations accounted for as a purchase:
	Assets acquired (excluding cash)		$	(598	)	$	8,535
	Liabilities assumed			598			(1,040	)
	Net cash paid		$	—		$	7,495

Subsequent_Events

Subsequent Events	3 Months Ended
	Jun. 30, 2014
Subsequent Events	'
	17	Subsequent Events
	Effective July 1, 2014, the Company acquired 100% of Multiprint Labels Limited (Multiprint) in Dublin, Ireland. Multiprint specializes in pressure sensitive labels for the wine & spirit and beverage markets in Ireland and the UK.

Description_of_Business_and_Si1

Description of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2014
The Company	'
	The Company
	Multi-Color Corporation (Multi-Color, MCC, we, us, our or the Company), headquartered near Cincinnati, Ohio, is a leader in global label solutions supporting a number of the world’s most prominent brands including leading producers of home & personal care, wine & spirit, food & beverage, healthcare and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
Basis of Presentation	'
	Basis of Presentation
	The condensed consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Although certain information and footnote disclosures, normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP), have been condensed or omitted pursuant to such rules and regulations, the Company believes that the disclosures are adequate to make the information presented not misleading. A description of the Company’s significant accounting policies is included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014 (the “2014 10-K”). These condensed consolidated financial statements should be read in conjunction with the financial statements and the notes thereto included in the 2014 10-K.
	The information furnished in these condensed consolidated financial statements reflects all estimates and adjustments which are, in the opinion of management, necessary to present fairly the results for the interim periods reported.
	The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain prior period balances have been reclassified to conform to current year classifications.
Use of Estimates in Financial Statements	'
	Use of Estimates in Financial Statements
	In preparing financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606),” which provides revised guidance for revenue recognition. The standard’s core principle is that an entity should recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance provides five steps that should be applied to achieve that core principle. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, which for the Company is the fiscal year beginning April 1, 2017. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company’s consolidated financial statements.

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Jun. 30, 2014
Reconciliation of Number of Shares Used in Basic and Diluted Earnings Per Share Computations	'
	The following is a reconciliation of the number of shares used in the basic EPS and diluted EPS computations:
		Three Months Ended
		30-Jun-14					30-Jun-13
		Shares		Per Share			Shares		Per Share
				Amount					Amount
	Basic EPS		16,427	$	0.81			16,278	$	0.41
	Effect of dilutive stock options and restricted shares		236		(0.01	)		249		(0.01	)
	Diluted EPS		16,663	$	0.8			16,527	$	0.4

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Jun. 30, 2014
Inventories	'
	The Company’s inventories consisted of the following:
		June 30, 2014			March 31, 2014
	Finished goods	$	32,067		$	30,276
	Work-in-process		7,975			7,539
	Raw materials		22,376			21,503
	Total inventories, gross		62,418			59,318
	Inventory reserves		(3,584	)		(3,022	)
	Total inventories, net	$	58,834		$	56,296

Debt_Tables

Debt (Tables)	3 Months Ended
	Jun. 30, 2014
Components of Debt	'
	The components of the Company’s debt consisted of the following:
		June 30, 2014			March 31, 2014
	U.S. Revolving Credit Facility, 4.06% and 3.93% weighted variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016	$	79,600		$	84,200
	Term Loan Facility, 3.73% variable interest rate at June 30, 2014 and March 31, 2014, due in quarterly installments from 2015 to 2016		351,750			361,875
	Australian Sub-Facility, 6.22% and 6.20% variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016		30,374			28,536
	Capital leases		1,593			2,205
	Other subsidiary debt		3,412			1,386
	Total debt		466,729			478,202
	Less current portion of debt		(44,327	)		(42,648	)
	Total long-term debt	$	422,402		$	435,554
Schedule of Future Annual Principal Payments	'
	The following is a schedule of future annual principal payments as of June 30, 2014:
		Debt			Capital Leases			Total
	July 2014 - June 2015	$	43,025		$	1,302		$	44,327
	July 2015 - June 2016		50,957			291			51,248
	July 2016 - June 2017		370,933			—			370,933
	July 2017 - June 2018		189			—			189
	July 2018 - June 2019		32			—			32
	Total	$	465,136		$	1,593		$	466,729
Net Minimum Payments on Capitalized Leases	'
	The present value of the net minimum payments on the capitalized leases is as follows:
		June 30, 2014			March 31, 2014
	Total minimum lease payments	$	1,632		$	2,261
	Less amount representing interest		(39	)		(56	)
	Present value of net minimum lease payments		1,593			2,205
	Current portion		(1,302	)		(1,728	)
	Capitalized lease obligations, less current portion	$	291		$	477

Financial_Instruments_Tables

Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2014
Amount of Gain (Loss) on Interest Rate Swaps Recognized in Other Comprehensive Income	'
	The amount of gain (loss) on the interest rate swaps recognized in other comprehensive income (OCI) was as follows:
		Three Months Ended
		June 30, 2014			June 30, 2013
	Gain (loss) recognized in OCI on interest rate swaps (effective portion)	$	(47	)	$	1,306
Amount of Gain (Loss) on Foreign Currency Forward Contracts Recognized in Condensed Consolidated Statements of Income	'
	The amount of gain (loss) on the foreign currency forward contracts recognized in the condensed consolidated statements of income was as follows:
		Three Months Ended
		June 30, 2014			June 30, 2013
	Gain (loss) on foreign currency forward contracts	$	—		$	46
	Gain (loss) on related hedged items	$	—		$	(58	)

Accrued_Expenses_and_Other_Lia1

Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Jun. 30, 2014
Summary of Accrued Expenses and Other Liabilities	'
	The Company’s accrued expenses and other liabilities consisted of the following:
			June 30, 2014		March 31, 2014
	Accrued payroll and benefits		$	19,141	$	17,531
	Accrued income taxes			3,836		2,366
	Professional fees			707		391
	Accrued taxes other than income taxes			1,123		1,210
	Deferred lease incentive			340		453
	Accrued interest			105		115
	Accrued severance			966		1,123
	Customer rebates			2,133		1,818
	Deferred press payments			754		650
	Plant consolidation costs (1)			27		744
	Contingent consideration			10,923		10,307
	Other			5,221		7,670
	Total accrued expenses and other liabilities		$	45,276	$	44,378
	-1	The balance at June 30, 2014 and March 31, 2014 consisted of a liability related to severance and plant consolidation costs for the Company’s facility in El Dorado Hills, California, as further described in Note 13.

Acquisitions_Tables

Acquisitions (Tables)	3 Months Ended
	Jun. 30, 2014
Purchase Price Allocation	'
	Based on fair value estimates, the final purchase prices for DI-NA-CAL, Watson and Flexo Print have been allocated to individual assets acquired and liabilities assumed as follows:
		DI-NA-CAL			Watson		Flexo Print
	Assets Acquired:
	Net cash acquired	$	—		$	143	$	—
	Accounts receivable		7,589			4,606		7,930
	Inventories		3,489			1,974		2,110
	Property, plant and equipment		7,803			5,404		11,522
	Intangible assets		37,700			4,090		5,367
	Goodwill		28,792			10,085		16,185
	Other assets		52			518		6,716
	Total assets acquired		85,425			26,820		49,830
	Liabilities Assumed:
	Accounts payable		4,273			2,610		7,177
	Accrued income taxes payable		—			316		247
	Accrued expenses and other liabilities		485			728		5,010
	Net debt assumed		—			—		2,324
	Deferred tax liabilities		—			1,532		3,225
	Total liabilities assumed		4,758			5,186		17,983
	Net assets acquired	$	80,667		$	21,634	$	31,847
Estimated Fair Value of Identifiable Intangible Assets and Estimated Useful Lives	'
	The estimated fair value of identifiable intangible assets and their estimated useful lives are as follows:
		DI-NA-CAL					Watson					Flexo Print
		Fair			Useful		Fair			Useful		Fair		Useful
		Value			Lives		Value			Lives		Value		Lives
	Customer relationships	$	34,550			21 years	$	4,090			20 years	$	5,367		17 years
	Trademarks		—			—		—			—		—		—
	Non-compete agreements		3,150			7 years		—			—		—		—
	Total identifiable intangible assets	$	37,700				$	4,090				$	5,367
Roll-forward of Goodwill	'
	Below is a roll forward of the acquisition goodwill from acquisition date to June 30, 2014:
		DI-NA-CAL			Watson		Flexo Print
	Balance at acquisition date	$	28,792		$	10,085	$	16,185
	Foreign exchange impact		—			566		(305	)
	Balance at June 30, 2014	$	28,792		$	10,651	$	15,880
Watson [Member]	'
Purchase Price	'
	The purchase price for Watson consisted of the following:
	Cash from proceeds of borrowings	$	13,136
	Contingent consideration		8,498
	Purchase price, before cash acquired		21,634
	Net cash acquired		(143	)
	Total purchase price	$	21,491
Flexo Print [Member]	'
Purchase Price	'
	The purchase price for Flexo Print consisted of the following:
	Cash from proceeds of borrowings	$	29,134
	Deferred payment		2,713
	Purchase price, before debt assumed		31,847
	Net debt assumed		2,324
	Total purchase price	$	34,171

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jun. 30, 2014
Financial Liabilities at Fair Value	'
	At June 30, 2014, the Company carried the following financial liabilities at fair value:
		Fair Value at			Fair Value Measurement Using
		June 30, 2014			Level 1		Level 2			Level 3
	Derivatives designated as hedging instruments:
	Interest rate swap liabilities	$	(2,080	)	$	—	$	(2,080	)	$	—
	At March 31, 2013, the Company carried the following financial liabilities at fair value:
		Fair Value at			Fair Value Measurement Using
		March 31, 2014			Level 1		Level 2			Level 3
	Derivatives designated as hedging instruments:
	Interest rate swap liabilities	$	(2,033	)	$	—	$	(2,033	)	$	—

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Jun. 30, 2014
Components of Accumulated Other Comprehensive Income (Loss)	'
	The components of the Company’s accumulated other comprehensive income (loss) consisted of the following:
		June 30, 2014			March 31, 2014
	Net unrealized foreign currency translation adjustments	$	1,494		$	(1,680	)
	Net unrealized loss on interest rate swaps, net of tax		(1,273	)		(1,244	)
	Minimum pension liability, net of tax		(242	)		(242	)
	Accumulated other comprehensive loss	$	(21	)	$	(3,166	)

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2014
Goodwill	'
	Below is a roll-forward of the Company’s goodwill:
	Balance at March 31, 2014	$	391,690
	Adjustment to acquisitions		453
	Currency translation		2,731
	Balance at June 30, 2014	$	394,874
Intangible Assets	'
	The Company’s intangible assets consisted of the following:
		June 30, 2014							March 31, 2014
		Gross Carrying		Accumulated			Net Carrying		Gross Carrying		Accumulated			Net Carrying
		Amount		Amortization			Amount		Amount		Amortization			Amount
	Customer relationships	$	182,594	$	(33,273	)	$	149,321	$	181,408	$	(30,069	)	$	151,339
	Technologies		1,535		(1,389	)		146		1,561		(1,360	)		201
	Trademarks		1,047		(1,047	)		—		1,019		(1,019	)		—
	Licensing intangible		2,516		(2,012	)		504		2,474		(1,842	)		632
	Non-compete agreements		4,097		(472	)		3,625		4,072		(301	)		3,771
	Total	$	191,789	$	(38,193	)	$	153,596	$	190,534	$	(34,591	)	$	155,943

Facility_Closures_Tables

Facility Closures (Tables) (El Dorado Hills Facility)	3 Months Ended
	Jun. 30, 2014
El Dorado Hills Facility	'
Roll Forward of Accrued (Prepaid) Severance and Other Termination Benefits and Relocation and Other Costs	'
	Below is a roll forward of the accrued (prepaid) severance and other termination benefits and relocation and other costs related to the El Dorado Hills facility:
		Balance at		Amounts		Amounts		Balance at
		March 31, 2014		Expensed		Paid		June 30, 2014
	Accrued (prepaid) severance and other termination benefits and relocation and other costs	$	744		66		872	$	(62	)

Geographic_Information_Tables

Geographic Information (Tables)	3 Months Ended
	Jun. 30, 2014
Summary of Net Revenues and Long-lived Assets Based on Geographic Area	'
	Net revenues, based on the geographic area from which the product is shipped, for the three months ended June 30, 2014 and 2013 and long-lived assets by geographic area as of June 30, 2014 and March 31, 2014 are as follows:
		Three Months Ended
		June 30, 2014		June 30, 2013
	Net revenues:
	United States	$	129,814	$	108,926
	Australia		15,107		17,293
	Italy		16,132		14,377
	Other International		42,086		26,247
	Total	$	203,139	$	166,843
		30-Jun-14		March 31, 2014
	Long-lived assets:
	United States	$	394,013	$	394,997
	Australia		101,512		100,467
	Italy		63,294		60,882
	Other International		194,985		193,555
	Total	$	753,804	$	749,901

Supplemental_Disclosures_to_Ca

Supplemental Disclosures to Cash Flow Information and Non Cash Investing and Financing Activities (Tables)	3 Months Ended
	Jun. 30, 2014
Supplemental Disclosures to Cash Flow Information and Non Cash Investing and Financing Activities	'
	Supplemental disclosures with respect to cash flow information and non-cash investing and financing activities are as follows:
		Three Months Ended
		June 30, 2014			June 30, 2013
	Supplemental Disclosures of Cash Flow Information:
	Interest paid	$	5,123		$	4,324
	Income taxes paid, net of refunds		3,454			632
	Supplemental Disclosures of Non-Cash Activities:
	Change in interest rate swap fair value		(47	)		1,306
	Business combinations accounted for as a purchase:
	Assets acquired (excluding cash)	$	(598	)	$	8,535
	Liabilities assumed		598			(1,040	)
	Net cash paid	$	—		$	7,495

Earnings_Per_Common_Share_Reco

Earnings Per Common Share - Reconciliation of Number of Shares Used in Basic and Diluted Earnings Per Share Computations (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]	'	'
Basic EPS, Shares	16,427	16,278
Effect of dilutive stock options and restricted shares, Shares	236	249
Diluted EPS, Shares	16,663	16,527
Basic EPS	$0.81	$0.41
Effect of dilutive stock options and restricted shares	($0.01)	($0.01)
Diluted EPS	$0.80	$0.40

Earnings_Per_Common_Share_Addi

Earnings Per Common Share - Additional Information (Detail)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-dilutive shares	284	169

Inventories_Inventories_Detail

Inventories - Inventories (Detail) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Inventory [Line Items]	'	'
Finished goods	$32,067	$30,276
Work-in-process	7,975	7,539
Raw materials	22,376	21,503
Total inventories, gross	62,418	59,318
Inventory reserves	-3,584	-3,022
Total inventories, net	$58,834	$56,296

Debt_Components_of_Debt_Detail

Debt - Components of Debt (Detail) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Term Loan Facility, 3.73% variable interest rate at June 30, 2014 and March 31, 2014, due in quarterly installments from 2015 to 2016	$351,750	$361,875
Capital leases	1,593	2,205
Other subsidiary debt	3,412	1,386
Total	466,729	478,202
Less current portion of debt	-44,327	-42,648
Total long-term debt	422,402	435,554
Total debt	466,729	478,202
U.S. Revolving Credit Facility, 4.06% and 3.93% weighted variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Credit facility	79,600	84,200
Australian Sub-Facility, 6.22% and 6.20% variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Credit facility	$30,374	$28,536

Debt_Components_of_Debt_Parent

Debt - Components of Debt (Parenthetical) (Detail)	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
U.S. Revolving Credit Facility, 4.06% and 3.93% weighted variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Variable interest rate	4.06%	3.93%
Debt maturity date, year	'2016	'
Term Loan Facility, 3.73% variable interest rate at June 30, 2014 and March 31, 2014, due in quarterly installments from 2015 to 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Term loan, variable interest rate	3.73%	3.73%
Australian Sub-Facility, 6.22% and 6.20% variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Variable interest rate	6.22%	6.20%
Debt maturity date, year	'2016	'
Minimum [Member] | Term Loan Facility, 3.73% variable interest rate at June 30, 2014 and March 31, 2014, due in quarterly installments from 2015 to 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt maturity date, year	'2015	'
Maximum [Member] | Term Loan Facility, 3.73% variable interest rate at June 30, 2014 and March 31, 2014, due in quarterly installments from 2015 to 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt maturity date, year	'2016	'

Debt_Schedule_of_Future_Annual

Debt - Schedule of Future Annual Principal Payments (Detail) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
July 2014 - June 2015	$44,327	'
July 2015 - June 2016	51,248	'
July 2016 - June 2017	370,933	'
July 2017 - June 2018	189	'
July 2018 - June 2019	32	'
Total	466,729	478,202
Debt	'	'
Debt Instrument [Line Items]	'	'
July 2014 - June 2015	43,025	'
July 2015 - June 2016	50,957	'
July 2016 - June 2017	370,933	'
July 2017 - June 2018	189	'
July 2018 - June 2019	32	'
Total	465,136	'
Capital Leases	'	'
Debt Instrument [Line Items]	'	'
July 2014 - June 2015	1,302	'
July 2015 - June 2016	291	'
July 2016 - June 2017	0	'
July 2017 - June 2018	0	'
July 2018 - June 2019	0	'
Total	$1,593	'

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)

3 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

3 Months Ended

In Thousands, unless otherwise specified

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Feb. 29, 2008

Jun. 30, 2014

Feb. 28, 2014

Aug. 31, 2011

Feb. 29, 2008

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Australian Sub-Facility, 6.22% and 6.20% variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]

U.S. Revolving Credit Facility, 4.06% and 3.93% weighted variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]

Revolving Credit Facility Alternative Currency Equivalent

Term Loan Facility, 3.73% variable interest rate at June 30, 2014 and March 31, 2014, due in quarterly installments from 2015 to 2016 [Member]

Various Uncommitted Lines of Credit

March 31, 2014 through December 31, 2015

March 31, 2016 through June 30, 2016

Selling, General and Administrative Expenses [Member]

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Credit Facility [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Numerator

Numerator

Denominator

Denominator

Spread over LIBOR and BBSY rate

U.S. Revolving Credit Facility and Term Loan Facility spread over London interbank offered rate

U.S. Revolving Credit Facility and Term Loan Facility spread over base rate

Spread over LIBOR and BBSY rate

U.S. Revolving Credit Facility and Term Loan Facility spread over London interbank offered rate

U.S. Revolving Credit Facility and Term Loan Facility spread over base rate

Scenario Forecast

Scenario Forecast

Australian Sub-Facility, 6.22% and 6.20% variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]

Australian Sub-Facility, 6.22% and 6.20% variable interest rate at June 30, 2014 and March 31, 2014, respectively, due in 2016 [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate principal amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$500,000

$200,000

'

'

'

'

'

'

'

'

'

'

'

'

Original period of credit agreement

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Original expiration date of credit agreement

'

'

'

'

'

'

'

'

'

'

'

'2013

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate additional principal amount

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

315,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum consolidated leverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.25

3.5

1

1

'

'

'

'

'

'

'

'

Minimum consolidated interest charge coverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

'

1

'

'

'

'

'

'

'

'

'

Extended expiration date of credit agreement

'

'

'

'

'

'

'

'

'

'

'

'

'2016-08

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate margin

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

2.00%

1.00%

'

3.50%

3.50%

2.50%

Aggregate current commitment amount

'

'

'

40,000

155,000

50,000

351,750

'

'

'

'

'

546,750

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term loan quarterly amortization

'

'

'

'

'

'

'

'

10,125

15,188

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt issuance costs

'

1,364

'

'

'

'

'

'

'

'

99

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest expense to amortize deferred financing cost

624

'

495

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available borrowings

'

'

'

$9,626

$74,863

'

'

$8,612

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital lease, interest rates

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.70%

'

'

'

6.84%

'

'

'

Debt_Net_Minimum_Payments_on_C

Debt - Net Minimum Payments on Capitalized Leases (Detail) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Capital Leases, Future Minimum Payments, Net Present Value [Abstract]	'	'
Total minimum lease payments	$1,632	$2,261
Less amount representing interest	-39	-56
Present value of net minimum lease payments	1,593	2,205
Current portion	-1,302	-1,728
Capitalized lease obligations, less current portion	291	477
Present value of net minimum lease payments	$1,593	$2,205

Major_Customers_Additional_Inf

Major Customers - Additional Information (Detail)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014
Concentration Risk [Line Items]	'	'	'
Percentage of sales to major customers	16.00%	15.00%	'
Threshold percentage of net revenues for major customers	10.00%	10.00%	'
Percentage of accounts receivable from major customers	6.00%	'	7.00%

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014
Income Tax Contingency [Line Items]	'	'	'
Percentage likelihood of tax benefit being realized	50.00%	'	'
Liabilities for unrecognized tax benefits	$4,202	'	$4,161
Interest and penalties recognized to income tax expense	153	76	'
Liability for interest and penalties	1,462	'	1,306
Release of reserves for uncertain tax positions, including interest and penalties	0	'	'
Reasonably possible unrecognized tax benefits within next 12 months	510	'	'
Amount of unrecognized tax benefits that would favorably impact effective tax rate	$4,202	'	'
Minimum [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Statutes of limitations range, period	'3 years	'	'
Maximum [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Statutes of limitations range, period	'5 years	'	'
Domestic Tax Authority | Minimum [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Year before which the Company is no longer subject to income tax examination	'2010	'	'
State and Local Jurisdiction | Minimum [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Year before which the Company is no longer subject to income tax examination	'2009	'	'
Foreign Tax Authority | Minimum [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Year before which the Company is no longer subject to income tax examination	'1999	'	'

Financial_Instruments_Addition

Financial Instruments - Additional Information (Detail) (USD $)	3 Months Ended			1 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Oct. 31, 2011	Jun. 30, 2014
	Derivative		Foreign Currency Forward Contracts [Member]	Non-Amortizing Swaps	Non-Amortizing Swaps
				Derivative
Derivative [Line Items]	'	'	'	'	'
Draw down term loan for acquisition	'	'	'	$315,000	'
Number of swaps	0	'	'	3	'
Notional amount of swaps	'	'	'	125,000	'
Effective date of swaps	'	'	'	'	'2012-10
Swap expiration date	'	'	'	'	'2016-08
Fixed interest rate on swaps	'	'	'	1.40%	'
Fixed interest rate on swaps	'	'	'	'	3.50%
Hedge ineffectiveness related to swaps	$0	$0	'	'	'
Maturity of foreign currency forward contract	'	'	1-Apr-14	'	'

Financial_Instruments_Amount_o

Financial Instruments - Amount of Gain (Loss) on Interest Rate Swaps Recognized in Other Comprehensive Income (Detail) (Interest Rate Swaps, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Interest Rate Swaps	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Gain (loss) recognized in OCI on interest rate swaps (effective portion)	($47)	$1,306

Financial_Instruments_Amount_o1

Financial Instruments - Amount of Gain (Loss) on Foreign Currency Forward Contracts Recognized in Condensed Consolidated Statements of Income (Detail) (Foreign Currency Forward Contracts, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Foreign Currency Forward Contracts	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Gain (loss) on foreign currency forward contracts	$0	$46
Gain (loss) on related hedged items	$0	($58)

Accrued_Expenses_and_Other_Lia2

Accrued Expenses and Other Liabilities - Summary of Accrued Expenses and Other Liabilities (Detail) (USD $)	Jun. 30, 2014		Mar. 31, 2014
In Thousands, unless otherwise specified
Accrued Liabilities and Other Liabilities [Abstract]	'		'
Accrued payroll and benefits	$19,141		$17,531
Accrued income taxes	3,836		2,366
Professional fees	707		391
Accrued taxes other than income taxes	1,123		1,210
Deferred lease incentive	340		453
Accrued interest	105		115
Accrued severance	966		1,123
Customer rebates	2,133		1,818
Deferred press payments	754		650
Plant consolidation costs	27	[1]	744	[1]
Contingent consideration	10,923		10,307
Other	5,221		7,670
Total accrued expenses and other liabilities	$45,276		$44,378
[1]	The balance at June 30, 2014 and March 31, 2014 consisted of a liability related to severance and plant consolidation costs for the Company's facility in El Dorado Hills, California, as further described in Note 13.

Acquisitions_Additional_Inform

Acquisitions - Additional Information (Detail) (USD $)

Jun. 30, 2014

Mar. 31, 2014

Apr. 02, 2013

Jun. 30, 2014

Feb. 02, 2014

Jun. 30, 2014

Mar. 31, 2014

Feb. 02, 2014

Oct. 02, 2013

Jun. 30, 2014

Mar. 31, 2014

Oct. 02, 2013

Aug. 02, 2013

Jun. 30, 2014

Mar. 31, 2014

Aug. 02, 2013

Aug. 02, 2013

Aug. 02, 2013

Oct. 02, 2013

Jun. 30, 2014

Apr. 02, 2012

Jun. 30, 2014

Mar. 31, 2014

Mar. 31, 2013

Apr. 02, 2012

In Thousands, unless otherwise specified

Australia and France

Australia and France

DI-NA-CAL [Member]

DI-NA-CAL [Member]

DI-NA-CAL [Member]

DI-NA-CAL [Member]

Watson [Member]

Watson [Member]

Watson [Member]

Watson [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Gern & Cie SA (Gern)

Gern & Cie SA (Gern)

Labelgraphics [Member]

Labelgraphics [Member]

Labelgraphics [Member]

Labelgraphics [Member]

Labelgraphics [Member]

Fifth Anniversary

Third Anniversary

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Date of acquisition

'

'

'

2-Apr-13

'

1-Feb-14

'

'

'

1-Oct-13

'

'

'

1-Aug-13

'

'

'

'

'

1-Oct-13

'

2-Apr-12

'

'

'

Cash funded through borrowings

'

'

'

'

$80,667

'

'

'

$13,136

'

'

'

$29,134

'

'

'

'

'

'

'

'

'

'

'

'

Amount held in escrow account

'

'

'

'

'

'

'

8,067

'

'

'

'

'

'

'

3,058

'

'

'

'

'

'

'

'

'

Acquisition expenses

'

'

'

'

'

102

305

407

'

'

'

284

'

2

357

359

'

'

'

'

'

7

'

387

394

Equity interest acquired

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

100.00%

'

'

'

'

'

'

'

'

100.00%

Future performance based earnout included in purchase price

'

'

'

'

'

'

'

'

8,498

'

'

'

'

'

'

'

'

'

'

'

3,461

'

'

'

'

Additional amount related to earnout due to sellers

'

'

'

'

'

'

'

'

'

343

1,063

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank debt and capital leases assumed, allocated to purchase price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,884

'

'

'

'

'

'

'

'

'

Cash acquired, allocated to purchase price

'

'

'

'

'

'

'

'

'

'

'

'

560

'

'

'

'

'

'

'

'

'

'

'

'

Amount to be held in escrow account

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,956

'

'

'

'

'

'

'

'

Deferred payment

'

'

'

'

'

'

'

'

'

'

'

'

2,713

'

'

'

'

757

'

'

'

'

'

'

'

Reduction in deferred payment in settlement of an indemnification claim

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,157

'

'

'

'

'

'

'

'

'

'

Weighted-average amortization period for identifiable intangible assets acquired

'

'

'

'

'20 years

'

'

'

'20 years

'

'

'

'17 years

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill deductible for income tax purposes

'

'

'

'

'

'

'

28,792

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts receivable acquired, fair value

'

'

'

'

'

'

'

7,589

'

'

'

4,606

'

'

'

7,930

'

'

'

'

'

'

'

'

'

The gross contractual value of the receivables

'

'

'

'

'

'

'

7,626

'

'

'

4,623

'

'

'

8,258

'

'

'

'

'

'

'

'

'

Estimated contractual cash flows not expected to be collected

'

'

'

'

'

'

'

37

'

'

'

17

'

'

'

328

'

'

'

'

'

'

'

'

'

Business acquisition cost

'

'

7,362

'

'

'

'

'

21,491

'

'

'

34,171

'

'

'

'

'

5,939

'

'

'

'

'

'

Purchase price, before debt assumed

'

'

'

'

'

'

'

'

'

'

'

'

31,847

'

'

'

'

'

'

'

24,634

'

'

'

'

Net debt assumed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,324

'

'

'

'

'

'

'

'

712

Decrease in accrual related to earnout due to sellers

$10,923

$10,307

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$500

'

'

Acquisitions_Purchase_Price_De

Acquisitions - Purchase Price (Detail) (USD $)	0 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Oct. 02, 2013	Oct. 02, 2013	Aug. 02, 2013	Aug. 02, 2013
	Watson [Member]	Watson [Member]	Flexo Print [Member]	Flexo Print [Member]
Business Acquisition [Line Items]	'	'	'	'
Cash from proceeds of borrowings	$13,136	'	$29,134	'
Contingent consideration	8,498	'	'	'
Deferred payment	'	'	2,713	'
Purchase price, before cash acquired	21,634	'	'	'
Purchase price, before debt assumed	'	'	31,847	'
Net cash acquired	'	-143	'	'
Net debt assumed	'	'	'	2,324
Total purchase price	$21,491	'	$34,171	'

Acquisitions_Purchase_Price_Al

Acquisitions - Purchase Price Allocation (Detail) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014	Feb. 02, 2014	Jun. 30, 2014	Oct. 02, 2013	Jun. 30, 2014	Aug. 02, 2013
In Thousands, unless otherwise specified			DI-NA-CAL [Member]	DI-NA-CAL [Member]	Watson [Member]	Watson [Member]	Flexo Print [Member]	Flexo Print [Member]
Assets Acquired:	'	'	'	'	'	'	'	'
Net cash acquired	'	'	'	'	'	$143	'	'
Accounts receivable	'	'	'	7,589	'	4,606	'	7,930
Inventories	'	'	'	3,489	'	1,974	'	2,110
Property, plant and equipment	'	'	'	7,803	'	5,404	'	11,522
Intangible assets	'	'	'	37,700	'	4,090	'	5,367
Goodwill	394,874	391,690	28,792	28,792	10,651	10,085	15,880	16,185
Other assets	'	'	'	52	'	518	'	6,716
Total assets acquired	'	'	'	85,425	'	26,820	'	49,830
Liabilities Assumed:	'	'	'	'	'	'	'	'
Accounts payable	'	'	'	4,273	'	2,610	'	7,177
Accrued income taxes payable	'	'	'	'	'	316	'	247
Accrued expenses and other liabilities	'	'	'	485	'	728	'	5,010
Net debt assumed	'	'	'	'	'	'	'	2,324
Deferred tax liabilities	'	'	'	'	'	1,532	'	3,225
Total liabilities assumed	'	'	'	4,758	'	5,186	'	17,983
Net assets acquired	'	'	'	$80,667	'	$21,634	'	$31,847

Acquisitions_Estimated_Fair_Va

Acquisitions - Estimated Fair Value of Identifiable Intangible Assets and Estimated Useful Lives (Detail) (USD $)

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

In Thousands, unless otherwise specified

Feb. 02, 2014

Feb. 02, 2014

Feb. 02, 2014

Feb. 02, 2014

Feb. 02, 2014

Feb. 02, 2014

Feb. 02, 2014

Oct. 02, 2013

Oct. 02, 2013

Oct. 02, 2013

Oct. 02, 2013

Oct. 02, 2013

Oct. 02, 2013

Aug. 02, 2013

Aug. 02, 2013

Aug. 02, 2013

Aug. 02, 2013

Aug. 02, 2013

Aug. 02, 2013

DI-NA-CAL [Member]

DI-NA-CAL [Member]

DI-NA-CAL [Member]

DI-NA-CAL [Member]

DI-NA-CAL [Member]

DI-NA-CAL [Member]

DI-NA-CAL [Member]

Watson [Member]

Watson [Member]

Watson [Member]

Watson [Member]

Watson [Member]

Watson [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Flexo Print [Member]

Customer relationships

Customer relationships

Trademarks

Non-compete agreements

Non-compete agreements

Customer relationships

Customer relationships

Trademarks

Non-compete agreements

Customer relationships

Customer relationships

Trademarks

Non-compete agreements

Acquired Finite-Lived Intangible Assets [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value

'

$37,700

'

$34,550

'

'

$3,150

'

$4,090

'

$4,090

'

'

'

$5,367

'

$5,367

'

'

Useful Lives

'20 years

'

'21 years

'

'

'7 years

'

'20 years

'

'20 years

'

'

'

'17 years

'

'17 years

'

'

'

Acquisitions_Rollforward_of_Go

Acquisitions - Roll-forward of Goodwill (Detail) (USD $)	3 Months Ended	5 Months Ended	9 Months Ended	11 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
		DI-NA-CAL [Member]	Watson [Member]	Flexo Print [Member]
Goodwill [Line Items]	'	'	'	'
Beginning Balance	$391,690	$28,792	$10,085	$16,185
Foreign exchange impact	2,731	0	566	-305
Ending Balance	$394,874	$28,792	$10,651	$15,880

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014
	Derivative	Latin America Wine & Spirit [Member]	Interest Rate Swaps
			Non-Amortizing Swaps
			Derivative
Derivatives, Fair Value [Line Items]	'	'	'
Foreign currency forward contracts	0	'	3
Notional amount of swaps	'	'	$125,000
Foreign currency forward contracts, maturity date	1-Apr-14	'	'
Goodwill impairment charge	'	$13,475	'

Fair_Value_Measurements_Financ

Fair Value Measurements - Financial Liabilities at Fair Value (Detail) (Derivatives designated as hedging instruments, Interest Rate Swaps, USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]	'	'
Total liabilities	($2,080)	($2,033)
Level 2	'	'
Derivatives, Fair Value [Line Items]	'	'
Total liabilities	($2,080)	($2,033)

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income - Components of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Net unrealized foreign currency translation adjustments	$1,494	($1,680)
Net unrealized loss on interest rate swaps, net of tax	-1,273	-1,244
Minimum pension liability, net of tax	-242	-242
Accumulated other comprehensive loss	($21)	($3,166)

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Reclassification out of accumulated other comprehensive income (loss) into net income	$0	$0

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets - Goodwill (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Goodwill [Line Items]	'
Beginning Balance	$391,690
Adjustment to acquisitions	453
Currency translation	2,731
Ending Balance	$394,874

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014	Jun. 30, 2014
			Latin America Wine & Spirit [Member]	Watson [Member]
Schedule Of Goodwill And Intangible Assets [Line Items]	'	'	'	'
Goodwill, period increase	$453	'	'	$453
Impairment charge of goodwill	'	'	13,475	'
Amortization expense of intangible assets	$2,921	$2,204	'	'

Goodwill_and_Intangible_Assets4

Goodwill and Intangible Assets - Intangible Assets (Detail) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]	'	'
Gross Carrying Amount	$191,789	$190,534
Accumulated Amortization	-38,193	-34,591
Net Carrying Amount	153,596	155,943
Customer relationships	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Gross Carrying Amount	182,594	181,408
Accumulated Amortization	-33,273	-30,069
Net Carrying Amount	149,321	151,339
Technologies	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Gross Carrying Amount	1,535	1,561
Accumulated Amortization	-1,389	-1,360
Net Carrying Amount	146	201
Trademarks	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Gross Carrying Amount	1,047	1,019
Accumulated Amortization	-1,047	-1,019
Net Carrying Amount	0	0
Licensing intangible	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Gross Carrying Amount	2,516	2,474
Accumulated Amortization	-2,012	-1,842
Net Carrying Amount	504	632
Non-compete agreements	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Gross Carrying Amount	4,097	4,072
Accumulated Amortization	-472	-301
Net Carrying Amount	$3,625	$3,771

Facility_Closures_Additional_I

Facility Closures - Additional Information (Detail) (El Dorado Hills Facility, USD $)	3 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
El Dorado Hills Facility	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Employee severance and other termination benefits and relocation and other costs	$66	'	$1,382	$1,166
Employee severance and other termination benefits and relocation and other costs, reduction	'	-216	'	'
Total costs incurred in connection with the closure	'	$1,400	'	$1,400

Facility_Closures_Roll_Forward

Facility Closures - Roll Forward of Accrued (Prepaid) Severance and Other Termination Benefits and Relocation and Other Costs (Detail) (El Dorado Hills Facility, USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Mar. 31, 2014
El Dorado Hills Facility	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'
Beginning balance	$744	'	'
Amounts Expensed	66	1,382	1,166
Amounts Paid	872	'	'
Ending balance	($62)	'	$744

Geographic_Information_Summary

Geographic Information - Summary of Net Revenues and Long-lived Assets Based on Geographic Area (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net revenues	$203,139	$166,843	'
Long-lived assets	753,804	'	749,901
United States	'	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net revenues	129,814	108,926	'
Long-lived assets	394,013	'	394,997
Australia	'	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net revenues	15,107	17,293	'
Long-lived assets	101,512	'	100,467
Italy	'	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net revenues	16,132	14,377	'
Long-lived assets	63,294	'	60,882
Other International	'	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net revenues	42,086	26,247	'
Long-lived assets	$194,985	'	$193,555

Recovered_Sheet1

Supplemental Cash flow Disclosures - Supplemental Disclosures to Cash Flow Information and Non Cash Investing and Financing Activities (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Supplemental Disclosures of Cash Flow Information:	'	'
Interest paid	$5,123	$4,324
Income taxes paid, net of refunds	3,454	632
Supplemental Disclosures of Non-Cash Activities:	'	'
Change in interest rate swap fair value	-47	1,306
Business combinations accounted for as a purchase:	'	'
Assets acquired (excluding cash)	-598	8,535
Liabilities assumed	598	-1,040
Net cash paid	'	$7,495

Subsequent_Events_Additional_I

Subsequent Events (Additional Information) (Detail) (Subsequent Event [Member])	Jul. 01, 2014
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Percentage of ownership acquired	100.00%