MULTI COLOR (LABL) 10-Q 9 Feb 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2017	Jan. 31, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	LABL
Entity Registrant Name	MULTI COLOR Corp
Entity Central Index Key	819,220
Current Fiscal Year End Date	--03-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		20,442,779

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net revenues	$ 352,699	$ 210,658	$ 851,173	$ 679,292
Cost of revenues	295,397	169,441	692,640	536,029
Gross profit	57,302	41,217	158,533	143,263
Selling, general and administrative expenses	41,519	20,408	90,308	62,798
Facility closure expenses	761	393	890	607
Operating income	15,022	20,416	67,335	79,858
Interest expense	21,624	6,141	34,628	19,118
Other (income) expense, net	9,702	(1,125)	8,225	(1,685)
Income (loss) before income taxes	(16,304)	15,400	24,482	62,425
Income tax expense (benefit)	(36,815)	3,205	(25,361)	17,786
Net income	20,511	12,195	49,843	44,639
Less: Net income (loss) attributable to noncontrolling interests	(21)	69	15	365
Net income attributable to Multi-Color Corporation	$ 20,532	$ 12,126	$ 49,828	$ 44,274
Weighted average shares and equivalents outstanding:
Basic	19,319	16,908	17,765	16,863
Diluted	19,446	17,039	17,914	17,007
Basic earnings per common share	$ 1.06	$ 0.72	$ 2.80	$ 2.63
Diluted earnings per common share	1.06	0.71	2.78	2.60
Dividends per common share	$ 0.05	$ 0.05	$ 0.15	$ 0.15

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income		$ 20,511	$ 12,195	$ 49,843	$ 44,639
Other comprehensive income (loss):
Unrealized foreign currency translation gain (loss)	[1]	31,213	(24,937)	61,227	(37,150)
Unrealized gain (loss) on derivative contracts, net of tax	[2]	(8,452)		(13,008)	196
Total other comprehensive income (loss)		22,761	(24,937)	48,219	(36,954)
Comprehensive income		43,272	(12,742)	98,062	7,685
Less: Comprehensive income (loss) attributable to noncontrolling interests		1,314	(55)	1,284	131
Comprehensive income (loss) attributable to Multi-Color Corporation		$ 41,958	$ (12,687)	$ 96,778	$ 7,554
[1]	The amounts for the three months ended December 31, 2017 and 2016 include tax impacts of $(33) and $181, respectively, related to the settlement of foreign currency denominated intercompany loans. The amounts for the nine months ended December 31, 2017 and 2016 include tax impacts of $(485) and $427, respectively, related to the settlement of foreign currency denominated intercompany loans.
[2]	Amounts are net of tax of $4,097 for the three months ended December 31, 2017 and $6,955 and $(133) for the nine months ended December 31, 2017 and 2016, respectively.

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Unrealized foreign currency translation gain (loss), tax impact related to settlement of foreign currency denominated intercompany loans	$ (33)	$ 181	$ (485)	$ 427
Unrealized gain (loss) on interest rate swaps, tax	$ 4,097		$ 6,955	$ (133)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Current assets:
Cash and cash equivalents	$ 79,514	$ 25,229
Accounts receivable, net of allowance of $2,459 and $2,273 at December 31, 2017 and March 31, 2017, respectively	265,619	141,211
Other receivables	29,558	7,871
Inventories, net	157,739	63,995
Prepaid expenses	33,422	12,187
Other current assets	11,180	3,253
Total current assets	577,032	253,746
Property, plant and equipment, net of accumulated depreciation of $222,053 and $190,915 at December 31, 2017 and March 31, 2017, respectively	492,980	247,261
Goodwill	1,178,955	412,550
Intangible assets, net	588,366	169,220
Other non-current assets	7,961	6,365
Deferred income tax assets	3,078	2,848
Total assets	2,848,372	1,091,990
Current liabilities:
Current portion of long-term debt	20,994	2,093
Accounts payable	185,379	88,475
Accrued expenses and other liabilities	90,745	53,758
Total current liabilities	297,118	144,326
Long-term debt	1,586,912	479,408
Deferred income tax liabilities	164,213	65,761
Other liabilities	82,095	20,675
Total liabilities	2,130,338	710,170
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value, 1,000 shares authorized, no shares outstanding
Common stock, no par value, stated value of $0.10 per share; 40,000 shares authorized, 20,748 and 17,254 shares issued at December 31, 2017 and March 31, 2017, respectively	1,403	1,054
Paid-in capital	401,214	158,399
Treasury stock, 306 and 302 shares at cost at December 31, 2017 and March 31, 2017, respectively	(11,492)	(11,168)
Retained earnings	363,564	316,461
Accumulated other comprehensive loss	(39,069)	(85,795)
Total stockholders' equity attributable to Multi-Color Corporation	715,620	378,951
Noncontrolling interests	2,414	2,869
Total stockholders' equity	718,034	381,820
Total liabilities and stockholders' equity	$ 2,848,372	$ 1,091,990

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 2,459	$ 2,273
Accumulated depreciation	$ 222,053	$ 190,915
Preferred stock, no par value
Preferred stock, shares authorized	1,000,000	1,000,000
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	40,000,000	40,000,000
Common stock, shares issued	20,748,000	17,254,000
Treasury stock, shares	306,000	302,000

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 9 months ended Dec. 31, 2017 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Paid-In Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Balance at Mar. 31, 2017	$ 381,820	$ 1,054	$ 158,399	$ (11,168)	$ 316,461	$ (85,795)	$ 2,869
Balance, shares at Mar. 31, 2017		17,254
Net income	49,843				49,828		15
Other comprehensive income	48,219					46,950	1,269
Constantia Labels acquisition	238,920	$ 338	237,482				1,100
Constantia Labels acquisition, shares		3,383
Issuance of common stock	2,803	$ 11	2,792
Issuance of common stock, shares		105
Restricted stock grant	0	$ 0	0	0	0	0	0
Restricted stock grant, shares		9
Restricted stock forfeitures	0	$ 0	0	0	0	0	0
Restricted stock forfeitures, shares		(3)
Stock-based compensation	2,541		2,541
Shares acquired under employee plans	(324)			(324)
Common stock dividends	(2,725)				(2,725)
Sale of Southeast Asian durables business	(2,715)					(231)	(2,484)
Acquisition of noncontrolling interest	(69)					7	(76)
Dividends paid to noncontrolling interests	(279)						(279)
Balance at Dec. 31, 2017	$ 718,034	$ 1,403	$ 401,214	$ (11,492)	$ 363,564	$ (39,069)	$ 2,414
Balance, shares at Dec. 31, 2017		20,748

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 49,843	$ 44,639
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	30,723	24,853
Amortization of intangible assets	15,559	10,835
Loss on sale of Southeast Asian durables business	512
Loss on write-off of deferred financing fees	660
Amortization of deferred financing costs	1,898	1,269
Net (gain)/loss on disposal of property, plant and equipment	995	(429)
Net (gain)/loss on derivative contracts	4,258	103
Stock-based compensation expense	2,541	2,445
Excess tax benefit from stock-based compensation		(1,245)
Deferred income taxes, net	(30,793)	(405)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	7,680	10,925
Inventories	5,317	(2,784)
Prepaid expenses and other assets	(14,213)	(3,686)
Accounts payable	(15,902)	(7,070)
Accrued expenses and other liabilities	(17,341)	(8,088)
Net cash provided by operating activities	41,737	71,362
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(44,126)	(34,055)
Investment in acquisitions, net of cash acquired	(1,033,981)	(11,369)
Net proceeds from sale of Southeast Asian durables business	3,620
Proceeds from sale of property, plant and equipment	566	1,284
Net cash used in investing activities	(1,073,921)	(44,140)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving lines of credit	386,110	211,073
Payments under revolving lines of credit	(520,495)	(233,152)
Borrowings of long-term debt	1,250,000	2,092
Repayment of long-term debt	(4,560)	(5,436)
Payment of acquisition related deferred payments	(899)	(1,784)
Buyout of non-controlling interest		(514)
Proceeds from issuance of common stock	2,495	2,575
Excess tax benefit from stock-based compensation		1,245
Debt issuance costs	(26,628)
Dividends paid	(3,000)	(3,030)
Net cash provided by/(used in) financing activities	1,083,023	(26,931)
Effect of foreign exchange rate changes on cash	3,446	(2,732)
Net increase/(decrease) in cash and cash equivalents	54,285	(2,441)
Cash and cash equivalents, beginning of period	25,229	27,709
Cash and cash equivalents, end of period	$ 79,514	$ 25,268

Description of Business and Sig

Description of Business and Significant Accounting Policies	9 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
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 & spirits, food & beverage, healthcare and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, China, Southeast Asia, Australia, New Zealand and South Africa with a comprehensive range of the latest label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, 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 10-K”). 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 controlled 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 August 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-12, In January 2017, the FASB issued ASU 2017-04, In January 2017, the FASB issued ASU 2017-01, In August 2016, the FASB issued ASU 2016-15, In March 2016, the FASB issued ASU 2016-09, paid-in In February 2016, the FASB issued ASU 2016-02, right-of-use In July 2015, the FASB issued ASU 2015-11, last-in, first-out In May 2014, the FASB issued ASU 2014-09, The Company’s assessment efforts to date have included reviewing current accounting policies, processes, and system requirements, as well as assigning internal resources and engaging third-party consultants to assist in the process. We are in the process of standardizing sales Terms and Conditions across the organization. At this time, we do not anticipate significant changes to our systems or processes will be necessary for implementation of the standard. The Company anticipates that adoption will change the timing of revenue recognition from “point-in-time” on-hand No other new accounting pronouncement issued or effective during the nine months ended December 31, 2017 had or is expected to have a material impact on the consolidated financial statements. Supply Chain Financing The Company has entered into supply chain financing agreements with certain customers. The receivables for the agreements are sold without recourse to the customers’ banks and are accounted for as sales of accounts receivable. Losses on the sale of these receivables are included in selling, general and administrative expenses in the condensed consolidated statements of income. Losses of $251 and $162 were recorded for the three months ended December 31, 2017 and 2016, respectively, and losses of $716 and $412 were recorded for the nine months ended December 31, 2017 and 2016, respectively.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Common Share	2. Earnings Per Common Share Basic earnings per common share (EPS) is computed by dividing net income attributable to Multi-Color Corporation by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Multi-Color Corporation 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, restricted share units, 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 Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Per Share Per Share Per Share Per Share Shares Amount Shares Amount Shares Amount Shares Amount Basic EPS 19,319 $ 1.06 16,908 $ 0.72 17,765 $ 2.80 16,863 $ 2.63 Effect of dilutive securities 127 — 131 (0.01 ) 149 (0.02 ) 144 (0.03 ) Diluted EPS 19,446 $ 1.06 17,039 $ 0.71 17,914 $ 2.78 17,007 $ 2.60 The Company excluded 157 and 175 options to purchase shares in the three months ended December 31, 2017 and 2016, respectively, from the computation of diluted EPS because these shares would have an anti-dilutive effect. The Company excluded 132 and 171 options to purchase shares in the nine months ended December 31, 2017 and 2016, respectively, from the computation of diluted EPS because these shares would have an anti-dilutive effect.

Inventories

Inventories	9 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Inventories	3. Inventories The Company’s inventories consisted of the following: December 31, 2017 March 31, 2017 Finished goods $ 80,598 $ 35,204 Work-in-process 18,172 8,933 Raw materials 68,732 26,862 Total inventories, gross 167,502 70,999 Inventory reserves (9,763 ) (7,004 ) Total inventories, net $ 157,739 $ 63,995

Debt

Debt	9 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	4. Debt The components of the Company’s debt consisted of the following: December 31, 2017 March 31, 2017 Principal Unamortized Debt Less Principal Unamortized Debt Debt Less 6.125% Senior Notes (1) $ 250,000 $ (3,317 ) $ 246,683 $ 250,000 $ (3,822 ) $ 246,178 4.875% Senior Notes (1) 600,000 (10,018 ) 589,982 — — — New Credit Agreement Term Loan A Facility (2) 150,000 (4,208 ) 145,792 — — — Term Loan B Facility (3) 500,000 (6,495 ) 493,505 — — — U.S. Revolving Credit Facility (4) 60,000 (5,730 ) 54,270 — — — Australian Revolving Sub-Facility (4) 36,546 (637 ) 35,909 — — — Previous credit agreement U.S. Revolving Credit Facility (5) — — — 198,100 (2,335 ) 195,765 Australian Revolving Sub-Facility (5) — — — 31,965 (178 ) 31,787 Capital leases 37,145 — 37,145 7,412 — 7,412 Other subsidiary debt 4,620 — 4,620 359 — 359 Total debt 1,638,311 (30,405 ) 1,607,906 487,836 (6,335 ) 481,501 Less current portion of debt (20,994 ) — (20,994 ) (2,093 ) — (2,093 ) Total long-term debt $ 1,617,317 $ (30,405 ) $ 1,586,912 $ 485,743 $ (6,335 ) $ 479,408 (1) The 6.125% Senior Notes are due on December 1, 2022. The 4.875% Senior Notes are due on November 1, 2025. (2) Under the New Credit Agreement, the Company is required to make mandatory principal payments on the outstanding borrowings under the Term Loan A Facility. The principal payments are due on the last day of March, June, September and December of each year, commencing on March 31, 2018 through the maturity date of October 31, 2022. (3) Under the New Credit Agreement, the Company is required to make mandatory principal payments on the outstanding borrowings under the Term Loan B Facility. The principal payments are due on the last day of March, June, September and December of each year, commencing on March 31, 2018 through the maturity date of October 31, 2024. (4) Borrowings under the U.S. Revolving Credit Facility and Australian Revolving Sub-Facility, (5) Borrowings under the previous credit agreement were repaid on October 31, 2017. The carrying value of debt approximates fair value. The fair value of long-term debt is based on observable inputs, including quoted market prices (Level 2). The fair values of the 4.875% Senior Notes and 6.125% Senior Notes were approximately $601,500 and $260,625, respectively, as of December 31, 2017. The following is a schedule of future annual principal payments as of December 31, 2017: Debt Capital Leases Total January 2018 - December 2018 $ 16,450 $ 4,544 $ 20,994 January 2019 - December 2019 12,724 4,928 17,652 January 2020 - December 2020 16,429 3,557 19,986 January 2021 - December 2021 20,169 3,006 23,175 January 2022 - December 2022 460,394 2,190 462,584 Thereafter 1,075,000 18,920 1,093,920 Total $ 1,601,166 $ 37,145 $ 1,638,311 Senior Secured Credit Facility In conjunction with the Constantia Labels acquisition, effective October 31, 2017 the Company entered into a credit agreement (the “New Credit Agreement”) with various lenders. The New Credit Agreement replaced the Company’s previous credit agreement and consists of (i) a senior secured first lien term loan A facility (the “Term Loan A Facility”) in an aggregate principal amount of $150,000 with a five year maturity, (ii) a senior secured first lien term loan B facility (the “Term Loan B Facility”) in an aggregate principal amount of $500,000 with a seven year maturity, and (iii) a senior secured first lien revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount up to $400,000, comprised of a $360,000 U.S. revolving credit facility (the “U.S. Revolving Credit Facility“) and a $40,000 U.S. dollar equivalent Australian sub-facility Sub-Facility”), The New Credit Agreement contains customary mandatory and optional prepayment provisions and customary events of default. The New Credit Agreement’s Term Loan A Facility, Term Loan B Facility and U.S. Revolving Credit Facility (together, the “U.S. facilities”) are guaranteed by substantially all of the Company’s direct and indirect wholly owned domestic subsidiaries, and such guarantors pledged substantially all their assets as collateral to secure the U.S. facilities. The Australian Revolving Sub-Facility The New Credit Agreement can be used for working capital, capital expenditures and other corporate purposes and to fund permitted acquisitions (as defined in the New Credit Agreement). Loans under the New Credit Agreement bear interest at variable rates plus a margin, based on the Company’s consolidated secured net leverage ratio. The weighted average interest rate on borrowings under the U.S. Revolving Credit Facility was 3.98% at December 31, 2017. The interest rates on borrowings under the Term Loan A Facility, Term Loan B Facility and Australian Revolving Sub-Facility The New Credit Agreement contains customary representations and warranties as well as customary negative and affirmative covenants, which require the Company to maintain the following financial covenants at the end of each quarter: (i) the consolidated secured net leverage ratio as of the last day of any fiscal quarter of the Company shall not exceed 4.50 to 1.00 for the fiscal quarters ended during the period of March 31, 2017 through, and including June 30, 2019 and (ii) the consolidated secured net leverage ratio as of the last day of any fiscal quarter of the Company shall not exceed 4.25 to 1.00 for the fiscal quarters ended during the period of September 30, 2019 and thereafter. The New Credit Agreement, the indenture governing the 4.875% Senior Notes (the “4.875% Senior Notes Indenture”) and the indenture governing the 6.125% Senior Notes (the “6.125% Senior Notes Indenture” and together with the 4.875% Senior Notes Indenture, the “Indentures”) limit the Company’s ability to incur additional indebtedness. Additional covenants contained in the New Credit Agreement and the Indentures, among other things, restrict the ability of the Company to dispose of assets, incur guarantee obligations, make restricted payments, create liens, make equity or debt investments, change the business conducted by the Company and its subsidiaries, and engage in certain transactions with affiliates. Under the New Credit Agreement and the Indentures, certain changes in control of the Company could result in the occurrence of an Event of Default. In addition, the New Credit Agreement limits the ability of the Company to modify terms of the Indentures. As of December 31, 2017, the Company was in compliance with the covenants in the New Credit Agreement and the Indentures. Available borrowings under the U.S. Revolving Credit Facility and Australian Revolving Sub-Facility 4.875% Senior Notes The $600,000 aggregate principal amount of 4.875% Senior Notes due 2025 (the “4.875% Senior Notes”) were issued in October 2017 to fund the acquisition of Constantia Labels. The 4.875% Senior Notes are unsecured senior obligations of the Company. Interest is payable on the 4.875% Senior Notes on May 1st and November 1st of each year beginning May 1, 2018 until the maturity date of November 1, 2025. The Company’s obligations under the 4.875% Senior Notes are guaranteed by certain of the Company’s existing direct and indirect wholly-owned domestic subsidiaries. 6.125% Senior Notes The $250,000 aggregate principal amount of 6.125% Senior Notes due 2022 (the “6.125% Senior Notes”) were issued in November 2014. The 6.125% Senior Notes are unsecured senior obligations of the Company. Interest is payable on the 6.125% Senior Notes on June 1st and December 1st of each year beginning June 1, 2015 until the maturity date of December 1, 2022. The Company’s obligations under the 6.125% Senior Notes are guaranteed by certain of the Company’s existing direct and indirect wholly-owned domestic subsidiaries. Debt Issuance Costs In conjunction with the issuance of the New Credit Agreement, the Company incurred $16,290 in debt issuance costs, which are being deferred and amortized over the term of the Term A Loan Facility, Term Loan B Facility and Revolving Credit Facility. In conjunction with terminating the Company’s prior credit agreement, $660 in unamortized debt issuance costs related to a debt extinguishment were written-off The Company incurred $10,338 in debt issuance costs associated with the issuance of the 4.875% Senior Notes, which are being deferred and amortized over the term of the 4.875% Senior Notes. The Company recorded $1,090 and $423 in interest expense for the three months ended December 31, 2017 and 2016, respectively, in the condensed consolidated statements of income to amortize deferred financing costs. The Company recorded $1,898 and $1,269 in interest expense for the nine months ended December 31, 2017 and 2016, respectively, in the condensed consolidated statements of income to amortize deferred financing costs. The Company incurred $4,587 in commitment fees related to a senior unsecured bridge facility (the “Bridge Facility”), which were written off to interest expense upon expiration of the availability of the Bridge Facility during the three months ended December 31, 2017. Capital Leases The present value of the net minimum payments on the capitalized leases is as follows: December 31, 2017 March 31, 2017 Total minimum lease payments $ 49,568 $ 8,327 Less amount representing interest (12,423 ) (915 ) Present value of net minimum lease payments 37,145 7,412 Current portion (4,544 ) (1,964 ) Capitalized lease obligations, less current portion $ 32,601 $ 5,448 The capitalized leases carry interest rates from 0.03% to 23.00% and mature from fiscal 2018 to fiscal 2032.

Major Customers

Major Customers	9 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
Major Customers	5. Major Customers During the three months ended December 31, 2017 and 2016, sales to major customers (those exceeding 10% of the Company’s net revenues in one or more of the periods presented) approximated 13% and 18%, respectively, of the Company’s consolidated net revenues. All of these sales were made to The Procter & Gamble Company. During the nine months ended December 31, 2017 and 2016, sales to major customers (those exceeding 10% of the Company’s net revenues in one or more of the periods presented) approximated 15% and 17%, 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 3% and 4% of the Company’s total accounts receivable balance at December 31, 2017 and March 31, 2017, respectively. 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	9 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
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 December 31, 2017, the Company is no longer subject to U.S. federal examinations by tax authorities for years before fiscal 2015. The Company is no longer subject to state and local examinations by tax authorities for years before fiscal 2012. In foreign jurisdictions, the Company is no longer subject to examinations by tax authorities for years before fiscal 1999. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act significantly revises the future ongoing U.S. corporate income tax by, among other things, lowering U.S. corporate income tax rates and implementing a territorial tax system. As the Company has a March 31 fiscal year-end, As part of the transition to the new territorial tax system, the Tax Act imposes a one-time The changes included in the Tax Act are broad and complex. The final transition impacts of the Tax Act may differ from the above estimate, possibly materially, due to, among other things, changes in interpretations of the Tax Act, any legislative action to address questions that arise because of the Tax Act, any changes in accounting standards for income taxes or related interpretations in response to the Tax Act, or any updates or changes to estimates the Company has utilized to calculate the transition impacts, including impacts from changes to current year earnings estimates and foreign exchange rates of foreign subsidiaries. The U.S. Securities and Exchange Commission has issued rules that would allow for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts. On December 25, 2017, a Belgian tax reform bill was signed into law. The bill revises the future ongoing Belgian corporate income tax by, among other things, lowering the Belgian corporate income tax rates and implementing a group consolidation system. The reduction of the Belgian corporate income tax rate caused us to adjust our Belgian deferred tax assets and liabilities to the newly enacted tax rates. For the quarter ended December 31, 2017, the Company recognized a net deferred tax benefit of $15,409 due to the rate change. Effective April 1, 2017, the Company adopted ASU 2016-09, add-back 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 December 31, 2017 and March 31, 2017, the Company had liabilities of $4,559 and $5,665, respectively, recorded for unrecognized tax benefits for U.S. federal, state and foreign tax jurisdictions. During the three months ended December 31, 2017 and 2016, the Company recognized $(14) and $(150), respectively, of interest and penalties in income tax expense in the condensed consolidated statements of income. During the nine months ended December 31, 2017 and 2016, the Company recognized $47 and $89, 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 December 31, 2017 and March 31, 2017 was $1,941 and $1,892, 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 and nine months ended December 31, 2017, the Company released $322 and $1,642, respectively, of reserves, including interest and penalties, related to uncertain tax positions for which the statutes of limitations have lapsed or there was a reduction in the tax position related to a prior year. The Company believes that it is reasonably possible that $3,277 of unrecognized tax benefits as of December 31, 2017 could be released within the next 12 months due to the lapse of statute of limitations and settlements of certain foreign and domestic income tax matters. The unrecognized tax benefits that, if recognized, would favorably impact the effective tax rate are $3,889.

Risk Management Activities and

Risk Management Activities and Financial Instruments	9 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Risk Management Activities and Financial Instruments	7. Risk Management Activities and Financial Instruments The Company is exposed to market risks, both directly and indirectly, such as currency fluctuations and interest rate movement. To the extent the Company deems it to be appropriate, derivative instruments and hedging activities are used as a risk management tool to mitigate the potential impact of certain risks, primarily foreign currency exchange risk and interest rate risk. The Company uses various types of derivative instruments including, but not limited to, forward contracts and swaps. The Company formally assesses, designates, and documents as a hedge of an underlying exposure each qualifying derivative instrument that will be accounted for as an accounting hedge at inception. Additionally, the Company assesses, both at inception and at least quarterly thereafter, whether the financial instruments used in the hedging transactions are effective at offsetting changes in either the fair values or cash flows of the underlying exposures. Interest Rate Risk Management The Company uses interest rate swap agreements (the “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. The Company had three forward starting non-amortizing In conjunction with entering into the previous credit agreement on November 21, 2014, the Company de-designated de-designation de-designated In conjunction with entering into the New Credit Agreement (see Note 4), the Company entered into two spot non-amortizing non-amortizing Upon inception, the Swaps were 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 (loss). If the hedge or a portion thereof is determined to be ineffective, any gains and losses will be recorded in interest expense in the condensed consolidated statements of income. Foreign Currency Risk Management Foreign currency exchange risk arises from our international operations 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 or the U.S. Dollar. At times, the Company uses foreign currency forward contracts to minimize the impact of fluctuations in currency exchange rates. In July 2017, the Company entered into a foreign currency forward contract to fix the Euro cash component of the Constantia Labels purchase price. The notional amount of the foreign currency forward contract was €495,600 with a maturity date of November 2017. Concurrent with the closing of the Company’s purchase of Constantia Labels on October 31, 2017, the Company exited the foreign currency forward contract resulting in a $8,109 net gain. The foreign currency forward contract was not designated as a hedging instrument, and all changes in the fair value of the contract were reported in current period earnings. The fair value of the foreign currency forward contract was determined using forward exchange market rates at the balance sheet date. The Company periodically enters into foreign currency forward contracts to fix the purchase price of foreign currency denominated firm commitments. In addition, the Company periodically enters into short-term foreign currency forward contracts to fix the U.S. Dollar value of certain intercompany loan payments, which typically settle in the following quarter. During the nine months ended December 31, 2017 and 2016, the Company’s forward contracts were not designated as hedging instruments; therefore, changes in the fair value of the contracts were immediately recognized in other income and expense in the condensed consolidated statements of income. In November and December 2017, the Company entered into foreign exchange forward contracts to fix the purchase price in U.S. dollars of a foreign currency denominated firm commitment to purchase presses. 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 consolidated statements of income in the same period during which the related hedged items affect the consolidated statements of income. Net Investment Hedging In September 2017, as a means of managing foreign currency risk related to our significant operations in Europe, the Company executed four fixed-for-fixed 2017-12 The remaining €195,000 of swap notional was not designated in an accounting hedge in September 2017. Therefore, changes in fair value of the derivative instruments were recognized in other income and expense in the condensed consolidated statements of income. Subsequently, in November 2017, the Company formally designated the remaining €195,000 of swap notional as a net investment hedge under ASU 2017-12, Disclosures about Derivative Instruments All of the Company’s derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. The Company determines the fair values of its derivatives based on valuation models which project future cash flows and discount the future amounts to a present value using market based observable inputs including interest rate curves, foreign currency rates, futures and basis point spreads, as applicable. The fair values of qualifying and non-qualifying Fair Value Derivatives Designated as Hedging Instruments Balance Sheet Location December 31, Assets: Cross currency swaps (Net investment hedges) Other current assets $ 6,403 Interest rate swaps (Cash flow hedges) Other current assets 407 Foreign exchange forward contracts (Fair value hedges) Other current assets 36 Interest rate swaps (Cash flow hedges) Other long-term assets 864 Liabilities: Cross currency swaps (Net investment hedges) Other long-term liabilities $ 31,789 Interest rate swaps (Cash flow hedges) Other current liabilities 106 Fair Value Derivatives Not Designated as Hedging Instruments Balance Sheet Location December 31, Assets: Foreign exchange forward contracts Other current assets $ 1,058 Liabilities: Foreign exchange forward contracts Other current liabilities $ 2,898 The amounts of gains and (losses) recognized in OCI net of reclassifications into earnings, during the three and nine months ended December 31, 2017 and 2016 are as follows: Three Months Ended Nine Months Ended Derivatives Designated as Hedging Instruments December 31, December 31, December 31, December 31, Cross currency swaps (Net investment hedges) (1) $ (9,617 ) $ — $ (14,173 ) $ — Interest rate swaps (Cash flow hedges) 1,165 — 1,165 — (1) The net loss of $(14,173) recognized in OCI as of December 31, 2017 is comprised of an excluded component loss of $(10,335) and an undiscounted spot loss of $(10,793), net of tax of $6,955. The amounts of gains and (losses) reclassified from AOCI into earnings for the three and nine months ended December 31, 2017 and 2016 are as follows: Three Months Ended Nine Months Ended Derivatives Designated as Hedging Instruments December 31, December 31, December 31, December 31, Cross currency swaps (1) $ 2,140 $ — $ 2,140 $ — Interest rate swaps (2) (131 ) — (131 ) (329 ) (1) The Company had a $2,140 excluded component gain in AOCI which was recognized into income during the three and nine months ended December 31, 2017. (2) During the next 12 months, $300 of gains included in the December 31, 2017 AOCI balance are expected to be reclassified into interest expense. The amounts of gains and (losses) included in earnings from non-qualifying Three Months Ended Nine Months Ended Derivatives Not Designated as Hedging Instruments Statement of Income Location December 31, December 31, December 31, December 31, Interest rate swaps Interest expense $ — $ — $ — $ 225 Foreign currency contract-Constantia purchase price Other income (expense), net (1,108 ) — 8,109 — Foreign currency contracts-Other Other income (expense), net (1,834 ) 3 (1,550 ) 28 Gain (loss) on underlying hedged items Other income (expense), net 1,539 (53 ) 1,264 (128 ) Cross currency swaps Other income (expense), net 1,553 — (4,258 ) —

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	9 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	8. Accrued Expenses and Other Liabilities The Company’s accrued expenses and other liabilities consisted of the following: December 31, 2017 March 31, 2017 Accrued payroll and benefits $ 40,434 $ 24,286 Accrued income taxes 3,673 5,604 Professional fees 3,240 500 Accrued taxes other than income taxes 2,764 1,616 Accrued interest 3,079 5,178 Customer rebates 2,762 2,672 Deferred payments 13,755 1,068 Deferred revenue 11,003 7,076 Derivative liabilities 3,004 — Other 7,031 5,758 Total accrued expenses and other liabilities $ 90,745 $ 53,758

Acquisitions and Divestitures

Acquisitions and Divestitures	9 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisitions and Divestitures	9. Acquisitions and Divestitures Constantia Labels Summary On October 31, 2017, the Company completed its acquisition pursuant to the Sale and Purchase Agreement (as amended) with Constantia Flexibles Germany GmbH, Constantia Flexibles International GmbH, Constantia Flexibles Group GmbH and GPC Holdings B.V. (collectively, “Constantia Flexibles”), acquiring 100% of the Labels Division of Constantia Flexibles (“Constantia Labels”). Constantia Labels, headquartered in Vienna, Austria, is a leader in label solutions serving the food, beverage and consumer packaging goods industries. Constantia Labels has approximately 2,800 employees globally and 23 production plants across 14 countries, with major operations across Europe, Asia and North America. The acquisition included a 75% controlling interest in certain label operations in South Africa. The Company believes the combination of Constantia Labels’ food & beverage business with Multi-Color’s existing platforms, particularly in home & personal care and wine & spirits and emerging position in healthcare, will create a company with significant scale and geographic, end-market, The preliminary purchase price for Constantia Labels consisted of the following: Cash from proceeds of borrowings $ 1,057,993 MCC common stock issued 237,820 Deferred payments 3,094 Contingent consideration 9,408 Purchase price, before cash acquired 1,308,315 Net cash acquired (17,217 ) Total purchase price $ 1,291,098 As of December 31, 2017, the purchase price is subject to change upon finalization of net working capital and other adjustments, which will be settled during the three months ended March 31, 2018. The Company issued 3,383 shares of its common stock to Constantia Flexibles as part of the consideration for the purchase of Constantia Labels. The Sale and Purchase Agreement provides for restrictions on the transfer of the shares issued to Constantia Flexibles and certain registration rights with respect to the shares. The fair value of the shares issued of $237,820 was calculated using the Company share price of $82.70, which was the closing price on October 31, 2017, discounted to reflect the temporary lack of liquidity. The cash portion of the purchase price was funded through the 4.875% Senior Notes due 2025 and funds from the New Credit Agreement (see Note 4). The purchase price includes deferred payments with a total fair value of $3,094, estimated as of the acquisition date, which are to be paid out within 90 days after December 31, 2018, 2019 and 2020. In addition, the purchase price includes future performance based earnouts with a total fair value of $9,408, estimated as of the acquisition date. The future value of the earnouts is dependent upon whether the Verstraete in Mould Labels N.V. (Verstraete) business, which was acquired in conjunction with the Constantia Labels’ acquisition, meets or exceeds certain agreed upon EBITA (earnings before interest, taxes, and amortization) metrics over the three to five year period following the acquisition. The earnouts have a minimum future payout of zero, and the maximum amount of the future payout is based on the amount of EBITA growth achieved relative to calendar 2017. The earnouts may be paid out within 90 days after December 31, 2020, 2021 or 2022. Net cash acquired includes $49,647 of cash acquired less $32,430 of assumed bank debt and capital leases. The Company spent $15,606 in acquisition expenses related to the Constantia Labels acquisition. These expenses were recorded in selling, general and administrative expenses in the condensed consolidated statements of income as follows: $18 in the third quarter of fiscal 2017, $744 in the first quarter of fiscal 2018, $3,545 in the second quarter of fiscal 2018 and $11,299 in the third quarter of fiscal 2018. Super Enterprise Holdings Berhad (Super Label) Summary On August 11, 2015, the Company acquired 90% of the shares of Super Label based in Kuala Lumpur, Malaysia, which was publicly listed on the Malaysian stock exchange. During the second and third quarters of fiscal 2016, the Company acquired the remaining shares and delisted Super Label. Super Label had operations in Malaysia, Indonesia, the Philippines, Thailand and China and produces home & personal care, food and beverage and specialty consumer products labels. This acquisition expanded our presence in China and gave us access to new label markets in Southeast Asia. The acquisition included an 80% controlling interest in the label operations in Indonesia and a 60% controlling interest in certain legal entities in Malaysia and China (the Southeast Asian durables business). During the third quarter of fiscal 2017, the Company acquired the remaining shares of the label operations in Indonesia for $514. The results of Super Label’s operations were included in the Company’s condensed consolidated financial statements beginning on August 11, 2015. The purchase price for Super Label consisted of the following: Cash from proceeds of borrowings $ 39,782 Net cash acquired (6,035 ) Total purchase price $ 33,747 The cash portion of the purchase price was funded through borrowings under our previous credit agreement. Net cash acquired included $8,152 of cash acquired less $2,117 of bank debt assumed. The Company spent $1,434 in acquisition expenses related to the Super Label acquisition. These expenses were recorded in selling, general and administrative expenses in the condensed consolidated statements of income as follows: $7 in the first quarter of fiscal 2017, $1 in the fourth quarter of fiscal 2016, $105 in the third quarter of fiscal 2016, $390 in the second quarter of fiscal 2016 and $931 in the first quarter of fiscal 2016. Sale of Southeast Asian durables business On July 3, 2017, the Company sold its 60% controlling interest in its Southeast Asian durables business to its minority shareholders for $3,620 in net cash proceeds. The Company recognized a loss of $512 on the sale of the business, which was recognized in other income, net in the condensed consolidated statements of income. Barat Group (Barat) Summary On May 4, 2015, the Company acquired 100% of Barat based in Bordeaux, France. Barat operated four manufacturing facilities in Bordeaux and Burgundy, France, and the acquisition gave the Company access to the label market in the Bordeaux wine region and expanded our presence in Burgundy. The acquisition included a 30% minority interest in Gironde Imprimerie Publicité (GIP), which was accounted for under the cost method based upon Multi-Color’s inability to exercise significant influence over the business. The results of Barat’s operations were included in the Company’s condensed consolidated financial statements beginning on May 4, 2015. The purchase price for Barat consisted of the following: Cash from proceeds of borrowings $ 47,813 Deferred payment 2,160 Purchase price, before cash acquired 49,973 Net cash acquired (746 ) Total purchase price $ 49,227 The cash portion of the purchase price was funded through the previous credit agreement. The purchase price included $2,160 due to the seller, which was paid during the three months ended September 30, 2015. Net cash acquired included $4,444 of cash acquired less $3,698 of bank debt assumed related to capital leases. The Company spent $1,500 in acquisition expenses related to the Barat acquisition. These expenses were recorded in selling, general and administrative expenses in the condensed consolidated statements of income as follows: $8 in the second quarter of fiscal 2017, $4 in the first quarter of fiscal 2017, $65 in the second quarter of fiscal 2016, $751 in the first quarter of fiscal 2016, $467 in the fourth quarter of fiscal 2015 and $205 in the third quarter of fiscal 2015. In conjunction with the acquisition of Barat, the Company recorded an indemnification asset of $1,115, which represented the seller’s obligation under the purchase agreement to indemnify Multi-Color for the outcome of potential contingent liabilities relating to uncertain tax positions. This asset was released during the six months ended September 30, 2017. Purchase Price Allocation and Other Items The determination of the purchase price allocation to specific assets acquired and liabilities assumed is incomplete for Constantia Labels. The purchase price allocation may change in future periods as the fair value estimates of assets and liabilities (including, but not limited to, accounts receivable, inventory, property, plant and equipment, intangibles, accounts payable, accrued liabilities, debt and non-controlling Constantia Super Label Barat Assets Acquired: Net cash acquired $ 17,217 $ 6,035 $ 746 Accounts receivable 118,800 8,479 8,489 Inventories 89,086 4,276 2,863 Property, plant and equipment 215,479 22,002 8,356 Intangible assets 410,000 2,437 21,852 Goodwill 712,162 8,668 23,391 Other assets 19,722 1,984 2,794 Total assets acquired 1,582,466 53,881 68,491 Liabilities Assumed: Accounts payable 93,800 5,087 3,049 Accrued income taxes payable 8,322 936 355 Accrued expenses and other liabilities 37,512 1,725 7,043 Deferred tax liabilities 133,417 2,874 8,071 Total liabilities assumed 273,051 10,622 18,518 Net assets acquired 1,309,415 43,259 49,973 Noncontrolling interests (1,100 ) (3,477 ) — Net assets acquired attributable to Multi-Color Corporation $ 1,308,315 $ 39,782 $ 49,973 The liabilities assumed in the Constantia Labels acquisition include a contingent liability of $9,671, estimated as of the acquisition date based on the company’s best estimate. The contingent liability is based on future earnings of certain entities acquired and may be payable to the pre-Constantia Flexibles owners of the respective entities. The fair value of the noncontrolling interests for Constantia Labels and Super Label were estimated based on market valuations performed by an independent third party using a combination of: (i) an income approach based on expected future discounted cash flows; and (ii) an asset approach. The estimated fair value of identifiable intangible assets acquired and their estimated useful lives are as follows: Constantia Labels Super Label Barat Fair Useful Fair Useful Fair Useful Customer relationships $ 390,000 19 years $ 2,437 15 years $ 20,849 20 years Non-compete — — — — 780 2 years Trademarks — — — — 223 1 year Technology 20,000 4 years — — — $ — Total identifiable intangible assets $ 410,000 $ 2,437 $ 21,852 Identifiable intangible assets are amortized over their useful lives based upon 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 Constantia Labels and Barat acquisitions is 18 and 19 years, respectively. The goodwill for Constantia Labels is attributable to combining Constantia Labels’ food & beverage business with Multi-Color’s existing platforms, particularly in home & personal care and wine & spirits and emerging position in healthcare, thereby creating additional growth opportunities for both businesses utilizing the expanded global footprint and the acquired workforce. The goodwill for Super Label is attributable to access to the label markets in Malaysia, Indonesia, the Philippines and Thailand and the acquired workforce. The goodwill for Barat is attributable to access to the label market in the Bordeaux wine region and the acquired workforce. Goodwill arising from the Super Label, Barat and Constantia Labels acquisitions is not deductible for income tax purposes. The accounts receivable acquired as part of the Constantia Labels acquisition had a fair value of $118,800 at the acquisition date. The gross contractual value of the receivables prior to any adjustments was $119,917 and the estimated contractual cash flows that are not expected to be collected are $1,117. The accounts receivable acquired as part of the Super Label acquisition had a fair value of $8,479 at the acquisition date. The gross contractual value of the receivables prior to any adjustments was $8,809 and the estimated contractual cash flows not expected to be collected are $330. The accounts receivable acquired as part of the Barat acquisition had a fair value of $8,489 at the acquisition date. The gross contractual value of the receivables prior to any adjustments was $8,679 and the estimated contractual cash flows that are not expected to be collected are $190. Pro Forma Information The following table provides the unaudited pro forma results of operations for the three and nine months ended December 31, 2017 and 2016 as if Constantia Labels had been acquired as of the beginning of fiscal year 2017. However, pro forma results do not include any anticipated synergies from the combination of the companies, and accordingly, are not necessarily indicative of the results that would have occurred if the acquisition had occurred on the dates indicated or that may result in the future. Three Months Ended Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Net revenues $ 411,272 $ 366,204 $ 1,269,185 $ 1,183,359 Net income attributable to Multi-Color 24,070 15,855 60,157 51,969 Diluted earnings per share 1.17 0.78 2.93 2.55 The following is a reconciliation of actual net revenues and net income attributable to Multi-Color Corporation to pro forma net revenues and net income: Three Months Ended Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Net revenues Net income Net revenues Net income Net revenues Net income Net revenues Net income Multi-Color Corporation actual results $ 352,699 $ 20,532 $ 210,658 $ 12,126 $ 851,173 $ 49,828 $ 679,292 $ 44,274 Constantia Labels actual results 58,573 (516 ) 155,546 14,577 418,012 23,426 504,067 39,182 Pro forma adjustments — 4,054 — (10,848 ) — (13,097 ) — (31,487 ) Pro forma results $ 411,272 $ 24,070 $ 366,204 $ 15,855 $ 1,269,185 $ 60,157 $ 1,183,359 $ 51,969 The following table identifies the pro forma adjustments: Three Months Ended Nine Months Ended December 31, December 31, December 31, December 31, Constantia Labels financing costs $ 1,235 $ 3,530 $ 9,689 $ 11,466 Acquisition transaction costs 11,299 18 15,588 18 Incremental depreciation and amortization costs (2,127 ) (6,382 ) (14,890 ) (19,145 ) Incremental interest costs (4,532 ) (12,888 ) (29,368 ) (37,973 ) Tax effect of adjustments (1,821 ) 4,874 5,884 14,147 Pro forma adjustments $ 4,054 $ (10,848 ) $ (13,097 ) $ (31,487 ) Other Acquisition Activity On October 11, 2017, the Company acquired 100% of TP Label Limited, the labels business of Tanzania Printers Limited (Tanzania Printers), and TP Kenya Limited (collectively, “TP Label”), which is located in Dar es Salaam, Tanzania with a sales and distribution center located in Nairobi, Kenya, for $15,929 less net cash acquired of $397. The purchase price included $9,557, which was retained by MCC at closing and will be used to repay the indebtedness of TP Label Limited and Tanzania Printers during the three months ended March 31, 2018. The purchase price also includes an indemnification holdback of $1,593 to fund certain potential obligations of the sellers with respect to the transaction, which is deferred for one year after the closing date. TP Label is primarily a pressure sensitive and glue-applied label business, serving customers in the food and beverage market. On August 3, 2017, the Company acquired 100% of GEWA Etiketten GmbH (GEWA), including the remaining 2.4% of the common shares of GIP (see below), for $21,846 plus net debt assumed of $5,150. Upon closing, $2,185 of the purchase price was deposited into an escrow account and is to be released to the seller on the 18-month On January 3, 2017, the Company acquired 100% of Graphix Labels and Packaging Pty Ltd. (Graphix) for $17,261. The purchase price included $1,631 that is deferred for two years after the closing date. Graphix is located in Melbourne, Victoria, Australia and specializes in producing labels for both the food & beverage and wine & spirits markets. In January 2017, the Company acquired an additional 67.6% of the common shares of GIP for $2,084 plus net debt assumed of $862. The purchase price included $208 that is deferred for one year after the closing date. The Company acquired 30% of GIP as part of the Barat acquisition in fiscal 2016, which included a fair value equity interest in GIP of $771. Immediately prior to obtaining a controlling interest in GIP, the Company recognized a gain of $690 as a result of re-measuring The determination of the final purchase price allocation to specific assets acquired and liabilities assumed is incomplete for GEWA, Graphix, GIP and TP Label. The purchase price allocations may change in future periods as the fair value estimates of assets and liabilities (including, but not limited to, accounts receivable, inventory, property, plant and equipment, intangibles and debt) and the valuation of the related tax assets and liabilities are completed. On July 6, 2016, the Company acquired 100% of Industria Litografica Alessandrina S.r.l. (I.L.A.) for $6,301 plus net debt assumed of $3,547. The purchase price included $819 that is deferred for three years after the closing date. I.L.A. is located in the Piedmont region of Italy and specializes in production of premium self-adhesive and wet glue labels primarily for the wine & spirits market and also services the food industry. On July 1, 2016, the Company acquired 100% of Italstereo Resin Labels S.r.l. (Italstereo) for $3,342 less net cash acquired of $181. The purchase price included a deferred payment of $201 that was paid in the three months ended September 30, 2017 and a deferred payment of $133 that is due two years after the closing date. Italstereo is located near Lucca, Italy and specializes in producing pressure sensitive adhesive resin coated labels, seals and emblems. On January 4, 2016, the Company acquired 100% of Cashin Print for $17,487 less net cash acquired of $135 and 100% of System Label for $11,665 less net cash acquired of $2,025. Cashin Print and System Label are located in Castlebar, Ireland and Roscommon, Ireland, respectively. The purchase prices for Cashin Print and System Label included $1,411 and $1,571, respectively, for purchase price adjustments, which were paid to the seller during the three months ended June 30, 2016. In addition, the purchase prices for Cashin Print and System Label include deferred payments of $3,317 and $1,011, respectively. These deferred payments may be paid during the fourth quarter of fiscal 2019. During the third quarter of fiscal 2017, the long-term liabilities related to these deferred payments were reduced based on management’s current estimate of the future payout and $887 was recorded in other income in the condensed consolidated statements of income. The acquired businesses supply multinational customers in Ireland, the United Kingdom and Continental Europe and provide Multi-Color with the opportunity to supply a broader product range to a larger customer base, especially in the healthcare market. On October 1, 2015, the Company acquired 100% of Supa Stik Labels (Supa Stik) for $6,787 less net cash acquired of $977. Supa Stik is located in Perth, West Australia and services the local wine, food & beverage and healthcare label markets. The purchase price included $622 that is deferred for two years after the closing date. On May 1, 2015, the Company acquired 100% of Mr. Labels in Brisbane, Queensland Australia for $2,110. The purchase price included $196 that was deferred until the first anniversary of the closing date, which was paid during the first quarter of fiscal 2017. Mr. Labels provides labels primarily to food and beverage customers. The results of operations of the acquisitions described above within this “Other Acquisitions Activity” section have been included in the condensed consolidated financial statements since the respective dates of acquisition and have been determined to be immaterial for purposes of additional disclosure.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Loss	10. Accumulated Other Comprehensive Loss The changes in the Company’s accumulated other comprehensive loss by component consisted of the following: Foreign Gains and (losses) Acquisitions Defined benefit currency on derivative and pension items contracts Divestitures items Total Balance at March 31, 2017 $ (85,593 ) $ — $ — $ (202 ) $ (85,795 ) OCI before reclassifications 59,958 (11,703 ) — — 48,255 Amounts reclassified from AOCI — (1,305 ) (224 ) — (1,529 ) Net current period OCI 59,958 (13,008 ) (224 ) — 46,726 Balance at December 31, 2017 $ (25,635 ) $ (13,008 ) $ (224 ) $ (202 ) $ (39,069 ) The amounts of (gains) and losses reclassified from AOCI into earnings for the three and nine months ended December 31, 2017 and 2016 are as follows: Three Months Ended Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Gains and losses on cash flow hedges: Cross currency swaps (1) $ (2,140 ) $ — $ (2,140 ) $ — Interest rate swaps (1) 131 — 131 329 Tax 704 — 704 (133 ) Net of tax $ (1,305 ) $ — $ (1,305 ) $ 196 (1) Reclassified from AOCI into interest expense in the condensed consolidated statements of income. See Note 7.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	11. Goodwill and Intangible Assets The changes in the Company’s goodwill consisted of the following: Balance at March 31, 2017: Goodwill, gross $ 424,941 Accumulated impairment losses (12,391 ) Goodwill, net 412,550 Activity during the year: Acquisitions 726,276 Adjustments to prior year acquisitions (449 ) Currency translation 41,105 Sale of Southeast Asian durables business (527 ) Balance at December 31, 2017: Goodwill, gross 1,192,246 Accumulated impairment losses (13,291 ) Goodwill, net $ 1,178,955 The Company’s intangible assets consisted of the following: December 31, 2017 March 31, 2017 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Customer relationships $ 645,473 $ (78,058 ) $ 567,415 $ 228,518 $ (61,546 ) $ 166,972 Technologies 21,722 (2,331 ) 19,391 1,658 (1,368 ) 290 Trademarks 97 (40 ) 57 1,013 (1,013 ) — Licensing intangible — — — 1,958 (1,958 ) — Non-compete 3,892 (2,389 ) 1,503 5,063 (3,116 ) 1,947 Lease intangible — — — 128 (117 ) 11 Total $ 671,184 $ (82,818 ) $ 588,366 $ 238,338 $ (69,118 ) $ 169,220 The amortization expense of intangible assets for the three months ended December 31, 2017 and 2016 was $8,124 and $3,458, respectively. The amortization expense of intangible assets for the nine months ended December 31, 2017 and 2016 was $15,559 and $10,835, respectively.

Facility Closures

Facility Closures	9 Months Ended
	Dec. 31, 2017
Restructuring and Related Activities [Abstract]
Facility Closures	12. Facility Closures Merignac, France During the three months ended September 30, 2017, the Company announced plans to consolidate our manufacturing facility located in Merignac, France into our existing facility in Libourne, France. The transition was substantially completed in the third quarter of fiscal 2018. Below is a summary of the total contractual termination benefits and exit and disposal costs related to the closure of the Merignac facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 500-550 $ 485 $ 485 $ 485 Contract termination costs 200-250 — — — Other associated costs 300-350 251 251 251 Other associated costs primarily consist of costs to dismantle, transport and reassemble manufacturing equipment that was moved to other manufacturing facilities. Below is a reconciliation of the beginning and ending liability balances related to the contractual termination benefits and exit and disposal costs: Balance at Amounts Expensed Amounts Paid Balance at December 31, 2017 Severance and other termination benefits $ — 485 (485 ) $ — Other associated costs — 251 (251 ) — The cumulative costs incurred in conjunction with the closure as of December 31, 2017 are $736, which were recorded in facility closure expenses in the condensed consolidated statements of income. Dormans, France During the three months ended June 30, 2017, the Company announced plans to close our manufacturing facility located in Dormans, France. Production at the facility ceased during the first quarter of fiscal 2018. Below is a summary of the exit and disposal costs related to the closure of the Dormans facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 106 $ — $ 106 $ 106 Other associated costs 75-100 — 23 23 Other associated costs primarily consist of costs to dismantle, transport and reassemble manufacturing equipment that was moved to other manufacturing facilities. Below is a reconciliation of the beginning and ending liability balances related to the exit and disposal costs: Balance at Amounts Expensed Amounts Paid Balance at December 31, 2017 Severance and other termination benefits $ — 106 (106 ) $ — Other associated costs — 23 (23 ) — During the three months ended December 31, 2017, the Company recorded non-cash Sonoma, California On January 19, 2016, the Company announced plans to consolidate our manufacturing facility located in Sonoma, California into our existing facility in Napa, California. The transition was substantially completed in the third quarter of fiscal 2017. Below is a summary of the exit and disposal costs related to the closure of the Sonoma facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 6 $ — $ 6 $ 6 Other associated costs 91 59 59 91 Below is a reconciliation of the beginning and ending liability balances related to the exit and disposal costs: Balance at Amounts Expensed Amounts Paid Balance at December 31, 2017 Other associated costs $ 24 — (24 ) $ — Other associated costs primarily consist of costs to dismantle, transport and reassemble manufacturing equipment that was moved from Sonoma to Napa. The cumulative costs incurred in conjunction with the closure as of December 31, 2017 are $272, which were recorded in facility closure expenses in the condensed consolidated statements of income. The cumulative costs incurred include the exit and disposal costs above as well as non-cash In addition, the Company recorded a net gain on the sale of property, plant and equipment of $185 related to assets in Sonoma that were not transferred to Napa and were sold and wrote-off Glasgow, Scotland During the three months ended March 31, 2016, the Company began the process to consolidate our two manufacturing facilities located in Glasgow, Scotland into one facility. The transition was substantially completed in the fourth quarter of fiscal 2017. Below is a summary of the exit and disposal costs related to the closure of the Glasgow facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 479 $ 71 $ 71 $ 479 Other associated costs 642-700 42 42 642 Below is a reconciliation of the beginning and ending liability balances related to the exit and disposal costs: Balance at Amounts Paid Balance at December 31, 2017 Other associated costs $ 99 (60 ) $ 39 Other associated costs primarily consist of costs to dismantle, transport and reassemble manufacturing equipment that was moved in order to consolidate our two manufacturing facilities located in Glasgow into one facility. The cumulative costs incurred in conjunction with the closure as of December 31, 2017 are $859, which were recorded in facility closure expenses in the condensed consolidated statements of income. The cumulative costs incurred include the exit and disposal costs above as well as non-cash Greensboro, North Carolina On October 5, 2015, the Company announced plans to consolidate our manufacturing facility located in Greensboro, North Carolina into other North American facilities. The transition was substantially completed in the fourth quarter of fiscal 2016. During the three and nine months ended December 31, 2016, the Company recognized $70 and $119, respectively, in exit and disposal costs related to the closure of the Greensboro facility in facility closure expenses in the condensed consolidated statements of income. Dublin, Ireland During the three months ended December 31, 2015, the Company began the process to consolidate our manufacturing facility located in Dublin, Ireland into our existing facility in Drogheda, Ireland (near Dublin). The consolidation was substantially completed in the first quarter of fiscal 2017. During the three and nine months ended December 31, 2016, the Company recognized $196 and $355, respectively, in exit and disposal costs related to the closure of the Dublin facility in facility closure expenses in the condensed consolidated statements of income.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. 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 Disclosu

Supplemental Cash Flow Disclosures	9 Months Ended
	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Disclosures	14. Supplemental Cash Flow Disclosures Supplemental disclosures with respect to cash flow information and non-cash Nine Months Ended December 31, 2017 December 31, 2016 Supplemental Disclosures of Cash Flow Information: Interest paid $ 25,058 $ 21,647 Income taxes paid, net of refunds 24,915 16,045 Supplemental Disclosures of Non-Cash Capital expenditures incurred but not yet paid $ 2,724 $ 2,803 Capital lease obligations incurred — 864 Change in derivative contract fair value—asset position 8,768 — Change in derivative contract fair value—liability position (34,793 ) 225 Business combinations accounted for as a purchase: Assets acquired (excluding cash) $ 1,632,049 $ 20,841 Liabilities assumed (335,495 ) (11,553 ) Liabilities for contingent / deferred payments (23,653 ) 2,081 MCC common stock issued (237,820 ) — Noncontrolling interest (1,100 ) — Net cash paid $ 1,033,981 $ 11,369

Description of Business and S23

Description of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
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 & spirits, food & beverage, healthcare and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, China, Southeast Asia, Australia, New Zealand and South Africa with a comprehensive range of the latest label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold,
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 10-K”). 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 controlled 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 August 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-12, In January 2017, the FASB issued ASU 2017-04, In January 2017, the FASB issued ASU 2017-01, In August 2016, the FASB issued ASU 2016-15, In March 2016, the FASB issued ASU 2016-09, paid-in In February 2016, the FASB issued ASU 2016-02, right-of-use In July 2015, the FASB issued ASU 2015-11, last-in, first-out In May 2014, the FASB issued ASU 2014-09, The Company’s assessment efforts to date have included reviewing current accounting policies, processes, and system requirements, as well as assigning internal resources and engaging third-party consultants to assist in the process. We are in the process of standardizing sales Terms and Conditions across the organization. At this time, we do not anticipate significant changes to our systems or processes will be necessary for implementation of the standard. The Company anticipates that adoption will change the timing of revenue recognition from “point-in-time” on-hand No other new accounting pronouncement issued or effective during the nine months ended December 31, 2017 had or is expected to have a material impact on the consolidated financial statements
Supply Chain Financing	Supply Chain Financing The Company has entered into supply chain financing agreements with certain customers. The receivables for the agreements are sold without recourse to the customers’ banks and are accounted for as sales of accounts receivable. Losses on the sale of these receivables are included in selling, general and administrative expenses in the condensed consolidated statements of income. Losses of $251 and $162 were recorded for the three months ended December 31, 2017 and 2016, respectively, and losses of $716 and $412 were recorded for the nine months ended December 31, 2017 and 2016, respectively.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
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 Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Per Share Per Share Per Share Per Share Shares Amount Shares Amount Shares Amount Shares Amount Basic EPS 19,319 $ 1.06 16,908 $ 0.72 17,765 $ 2.80 16,863 $ 2.63 Effect of dilutive securities 127 — 131 (0.01 ) 149 (0.02 ) 144 (0.03 ) Diluted EPS 19,446 $ 1.06 17,039 $ 0.71 17,914 $ 2.78 17,007 $ 2.60

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	The Company’s inventories consisted of the following: December 31, 2017 March 31, 2017 Finished goods $ 80,598 $ 35,204 Work-in-process 18,172 8,933 Raw materials 68,732 26,862 Total inventories, gross 167,502 70,999 Inventory reserves (9,763 ) (7,004 ) Total inventories, net $ 157,739 $ 63,995

Debt (Tables)

Debt (Tables)	9 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Components of Debt	The components of the Company’s debt consisted of the following: December 31, 2017 March 31, 2017 Principal Unamortized Debt Less Principal Unamortized Debt Debt Less 6.125% Senior Notes (1) $ 250,000 $ (3,317 ) $ 246,683 $ 250,000 $ (3,822 ) $ 246,178 4.875% Senior Notes (1) 600,000 (10,018 ) 589,982 — — — New Credit Agreement Term Loan A Facility (2) 150,000 (4,208 ) 145,792 — — — Term Loan B Facility (3) 500,000 (6,495 ) 493,505 — — — U.S. Revolving Credit Facility (4) 60,000 (5,730 ) 54,270 — — — Australian Revolving Sub-Facility (4) 36,546 (637 ) 35,909 — — — Previous credit agreement U.S. Revolving Credit Facility (5) — — — 198,100 (2,335 ) 195,765 Australian Revolving Sub-Facility (5) — — — 31,965 (178 ) 31,787 Capital leases 37,145 — 37,145 7,412 — 7,412 Other subsidiary debt 4,620 — 4,620 359 — 359 Total debt 1,638,311 (30,405 ) 1,607,906 487,836 (6,335 ) 481,501 Less current portion of debt (20,994 ) — (20,994 ) (2,093 ) — (2,093 ) Total long-term debt $ 1,617,317 $ (30,405 ) $ 1,586,912 $ 485,743 $ (6,335 ) $ 479,408 (1) The 6.125% Senior Notes are due on December 1, 2022. The 4.875% Senior Notes are due on November 1, 2025. (2) Under the New Credit Agreement, the Company is required to make mandatory principal payments on the outstanding borrowings under the Term Loan A Facility. The principal payments are due on the last day of March, June, September and December of each year, commencing on March 31, 2018 through the maturity date of October 31, 2022. (3) Under the New Credit Agreement, the Company is required to make mandatory principal payments on the outstanding borrowings under the Term Loan B Facility. The principal payments are due on the last day of March, June, September and December of each year, commencing on March 31, 2018 through the maturity date of October 31, 2024. (4) Borrowings under the U.S. Revolving Credit Facility and Australian Revolving Sub-Facility, (5) Borrowings under the previous credit agreement were repaid on October 31, 2017.
Schedule of Future Annual Principal Payments	The following is a schedule of future annual principal payments as of December 31, 2017: Debt Capital Leases Total January 2018 - December 2018 $ 16,450 $ 4,544 $ 20,994 January 2019 - December 2019 12,724 4,928 17,652 January 2020 - December 2020 16,429 3,557 19,986 January 2021 - December 2021 20,169 3,006 23,175 January 2022 - December 2022 460,394 2,190 462,584 Thereafter 1,075,000 18,920 1,093,920 Total $ 1,601,166 $ 37,145 $ 1,638,311
Net Minimum Payments on Capitalized Leases	The present value of the net minimum payments on the capitalized leases is as follows: December 31, 2017 March 31, 2017 Total minimum lease payments $ 49,568 $ 8,327 Less amount representing interest (12,423 ) (915 ) Present value of net minimum lease payments 37,145 7,412 Current portion (4,544 ) (1,964 ) Capitalized lease obligations, less current portion $ 32,601 $ 5,448

Risk Management Activities an27

Risk Management Activities and Financial Instruments (Tables)	9 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Fair Value of Qualifying and Non-qualifying Instruments Used in Hedging Transactions	The fair values of qualifying and non-qualifying Fair Value Derivatives Designated as Hedging Instruments Balance Sheet Location December 31, Assets: Cross currency swaps (Net investment hedges) Other current assets $ 6,403 Interest rate swaps (Cash flow hedges) Other current assets 407 Foreign exchange forward contracts (Fair value hedges) Other current assets 36 Interest rate swaps (Cash flow hedges) Other long-term assets 864 Liabilities: Cross currency swaps (Net investment hedges) Other long-term liabilities $ 31,789 Interest rate swaps (Cash flow hedges) Other current liabilities 106 Fair Value Derivatives Not Designated as Hedging Instruments Balance Sheet Location December 31, Assets: Foreign exchange forward contracts Other current assets $ 1,058 Liabilities: Foreign exchange forward contracts Other current liabilities $ 2,898
Amounts of Gains and (Losses) Recognized in OCI Net of Reclassifications Into Earnings	The amounts of gains and (losses) recognized in OCI net of reclassifications into earnings, during the three and nine months ended December 31, 2017 and 2016 are as follows: Three Months Ended Nine Months Ended Derivatives Designated as Hedging Instruments December 31, December 31, December 31, December 31, Cross currency swaps (Net investment hedges) (1) $ (9,617 ) $ — $ (14,173 ) $ — Interest rate swaps (Cash flow hedges) 1,165 — 1,165 — (1) The net loss of $(14,173) recognized in OCI as of December 31, 2017 is comprised of an excluded component loss of $(10,335) and an undiscounted spot loss of $(10,793), net of tax of $6,955.
Amounts of Gains and (Losses) Reclassified from AOCI into Earnings	The amounts of gains and (losses) reclassified from AOCI into earnings for the three and nine months ended December 31, 2017 and 2016 are as follows: Three Months Ended Nine Months Ended Derivatives Designated as Hedging Instruments December 31, December 31, December 31, December 31, Cross currency swaps (1) $ 2,140 $ — $ 2,140 $ — Interest rate swaps (2) (131 ) — (131 ) (329 ) (1) The Company had a $2,140 excluded component gain in AOCI which was recognized into income during the three and nine months ended December 31, 2017. (2) During the next 12 months, $300 of gains included in the December 31, 2017 AOCI balance are expected to be reclassified into interest expense.
Amounts of Gains and (Losses) Included in Earnings from Qualifying and Non-qualifying Financial Instruments Used in Hedging Transactions	The amounts of gains and (losses) included in earnings from non-qualifying Three Months Ended Nine Months Ended Derivatives Not Designated as Hedging Instruments Statement of Income Location December 31, December 31, December 31, December 31, Interest rate swaps Interest expense $ — $ — $ — $ 225 Foreign currency contract-Constantia purchase price Other income (expense), net (1,108 ) — 8,109 — Foreign currency contracts-Other Other income (expense), net (1,834 ) 3 (1,550 ) 28 Gain (loss) on underlying hedged items Other income (expense), net 1,539 (53 ) 1,264 (128 ) Cross currency swaps Other income (expense), net 1,553 — (4,258 ) —

Accrued Expenses and Other Li28

Accrued Expenses and Other Liabilities (Tables)	9 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Summary of Accrued Expenses and Other Liabilities	The Company’s accrued expenses and other liabilities consisted of the following: December 31, 2017 March 31, 2017 Accrued payroll and benefits $ 40,434 $ 24,286 Accrued income taxes 3,673 5,604 Professional fees 3,240 500 Accrued taxes other than income taxes 2,764 1,616 Accrued interest 3,079 5,178 Customer rebates 2,762 2,672 Deferred payments 13,755 1,068 Deferred revenue 11,003 7,076 Derivative liabilities 3,004 — Other 7,031 5,758 Total accrued expenses and other liabilities $ 90,745 $ 53,758

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	9 Months Ended
	Dec. 31, 2017
Purchase Price Allocation	Based on fair value estimates, the purchase prices for Constantia Labels, Super Label and Barat have been allocated to individual assets acquired and liabilities assumed as follows: Constantia Super Label Barat Assets Acquired: Net cash acquired $ 17,217 $ 6,035 $ 746 Accounts receivable 118,800 8,479 8,489 Inventories 89,086 4,276 2,863 Property, plant and equipment 215,479 22,002 8,356 Intangible assets 410,000 2,437 21,852 Goodwill 712,162 8,668 23,391 Other assets 19,722 1,984 2,794 Total assets acquired 1,582,466 53,881 68,491 Liabilities Assumed: Accounts payable 93,800 5,087 3,049 Accrued income taxes payable 8,322 936 355 Accrued expenses and other liabilities 37,512 1,725 7,043 Deferred tax liabilities 133,417 2,874 8,071 Total liabilities assumed 273,051 10,622 18,518 Net assets acquired 1,309,415 43,259 49,973 Noncontrolling interests (1,100 ) (3,477 ) — Net assets acquired attributable to Multi-Color Corporation $ 1,308,315 $ 39,782 $ 49,973
Estimated Fair Value of Identifiable Intangible Assets Acquired and Estimated Useful Lives	The estimated fair value of identifiable intangible assets acquired and their estimated useful lives are as follows: Constantia Labels Super Label Barat Fair Useful Fair Useful Fair Useful Customer relationships $ 390,000 19 years $ 2,437 15 years $ 20,849 20 years Non-compete — — — — 780 2 years Trademarks — — — — 223 1 year Technology 20,000 4 years — — — $ — Total identifiable intangible assets $ 410,000 $ 2,437 $ 21,852
Schedule of Pro Forma Information	The following table provides the unaudited pro forma results of operations for the three and nine months ended December 31, 2017 and 2016 as if Constantia Labels had been acquired as of the beginning of fiscal year 2017. However, pro forma results do not include any anticipated synergies from the combination of the companies, and accordingly, are not necessarily indicative of the results that would have occurred if the acquisition had occurred on the dates indicated or that may result in the future. Three Months Ended Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Net revenues $ 411,272 $ 366,204 $ 1,269,185 $ 1,183,359 Net income attributable to Multi-Color 24,070 15,855 60,157 51,969 Diluted earnings per share 1.17 0.78 2.93 2.55
Reconciliation of Actual Net Revenues and Net Income Attributable to Multi-Color Corporation to Pro Forma Net Revenues and Net Income	The following is a reconciliation of actual net revenues and net income attributable to Multi-Color Corporation to pro forma net revenues and net income: Three Months Ended Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Net revenues Net income Net revenues Net income Net revenues Net income Net revenues Net income Multi-Color Corporation actual results $ 352,699 $ 20,532 $ 210,658 $ 12,126 $ 851,173 $ 49,828 $ 679,292 $ 44,274 Constantia Labels actual results 58,573 (516 ) 155,546 14,577 418,012 23,426 504,067 39,182 Pro forma adjustments — 4,054 — (10,848 ) — (13,097 ) — (31,487 ) Pro forma results $ 411,272 $ 24,070 $ 366,204 $ 15,855 $ 1,269,185 $ 60,157 $ 1,183,359 $ 51,969
Pro Forma Adjustments	The following table identifies the pro forma adjustments: Three Months Ended Nine Months Ended December 31, December 31, December 31, December 31, Constantia Labels financing costs $ 1,235 $ 3,530 $ 9,689 $ 11,466 Acquisition transaction costs 11,299 18 15,588 18 Incremental depreciation and amortization costs (2,127 ) (6,382 ) (14,890 ) (19,145 ) Incremental interest costs (4,532 ) (12,888 ) (29,368 ) (37,973 ) Tax effect of adjustments (1,821 ) 4,874 5,884 14,147 Pro forma adjustments $ 4,054 $ (10,848 ) $ (13,097 ) $ (31,487 )
Super Label
Purchase Price	The purchase price for Super Label consisted of the following: Cash from proceeds of borrowings $ 39,782 Net cash acquired (6,035 ) Total purchase price $ 33,747
Barat Group
Purchase Price	The purchase price for Barat consisted of the following: Cash from proceeds of borrowings $ 47,813 Deferred payment 2,160 Purchase price, before cash acquired 49,973 Net cash acquired (746 ) Total purchase price $ 49,227
Constantia Labels
Purchase Price	The preliminary purchase price for Constantia Labels consisted of the following: Cash from proceeds of borrowings $ 1,057,993 MCC common stock issued 237,820 Deferred payments 3,094 Contingent consideration 9,408 Purchase price, before cash acquired 1,308,315 Net cash acquired (17,217 ) Total purchase price $ 1,291,098

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss by Component	The changes in the Company’s accumulated other comprehensive loss by component consisted of the following: Foreign Gains and (losses) Acquisitions Defined benefit currency on derivative and pension items contracts Divestitures items Total Balance at March 31, 2017 $ (85,593 ) $ — $ — $ (202 ) $ (85,795 ) OCI before reclassifications 59,958 (11,703 ) — — 48,255 Amounts reclassified from AOCI — (1,305 ) (224 ) — (1,529 ) Net current period OCI 59,958 (13,008 ) (224 ) — 46,726 Balance at December 31, 2017 $ (25,635 ) $ (13,008 ) $ (224 ) $ (202 ) $ (39,069 )
Schedule of (Gains) and Losses Reclassified from AOCI	The amounts of (gains) and losses reclassified from AOCI into earnings for the three and nine months ended December 31, 2017 and 2016 are as follows: Three Months Ended Nine Months Ended December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Gains and losses on cash flow hedges: Cross currency swaps (1) $ (2,140 ) $ — $ (2,140 ) $ — Interest rate swaps (1) 131 — 131 329 Tax 704 — 704 (133 ) Net of tax $ (1,305 ) $ — $ (1,305 ) $ 196 (1) Reclassified from AOCI into interest expense in the condensed consolidated statements of income. See Note 7.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	The changes in the Company’s goodwill consisted of the following: Balance at March 31, 2017: Goodwill, gross $ 424,941 Accumulated impairment losses (12,391 ) Goodwill, net 412,550 Activity during the year: Acquisitions 726,276 Adjustments to prior year acquisitions (449 ) Currency translation 41,105 Sale of Southeast Asian durables business (527 ) Balance at December 31, 2017: Goodwill, gross 1,192,246 Accumulated impairment losses (13,291 ) Goodwill, net $ 1,178,955
Intangible Assets	The Company’s intangible assets consisted of the following: December 31, 2017 March 31, 2017 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Customer relationships $ 645,473 $ (78,058 ) $ 567,415 $ 228,518 $ (61,546 ) $ 166,972 Technologies 21,722 (2,331 ) 19,391 1,658 (1,368 ) 290 Trademarks 97 (40 ) 57 1,013 (1,013 ) — Licensing intangible — — — 1,958 (1,958 ) — Non-compete 3,892 (2,389 ) 1,503 5,063 (3,116 ) 1,947 Lease intangible — — — 128 (117 ) 11 Total $ 671,184 $ (82,818 ) $ 588,366 $ 238,338 $ (69,118 ) $ 169,220

Facility Closures (Tables)

Facility Closures (Tables)	9 Months Ended
	Dec. 31, 2017
Merignac France
Summary of Exit and Disposal Costs Related to Closure	Below is a summary of the total contractual termination benefits and exit and disposal costs related to the closure of the Merignac facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 500-550 $ 485 $ 485 $ 485 Contract termination costs 200-250 — — — Other associated costs 300-350 251 251 251
Reconciliation of Beginning and Ending Liability Balances Related to Exit and Disposal Costs	Below is a reconciliation of the beginning and ending liability balances related to the contractual termination benefits and exit and disposal costs: Balance at Amounts Expensed Amounts Paid Balance at December 31, 2017 Severance and other termination benefits $ — 485 (485 ) $ — Other associated costs — 251 (251 ) —
Dormans France
Summary of Exit and Disposal Costs Related to Closure	Below is a summary of the exit and disposal costs related to the closure of the Dormans facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 106 $ — $ 106 $ 106 Other associated costs 75-100 — 23 23
Reconciliation of Beginning and Ending Liability Balances Related to Exit and Disposal Costs	Below is a reconciliation of the beginning and ending liability balances related to the exit and disposal costs: Balance at Amounts Expensed Amounts Paid Balance at December 31, 2017 Severance and other termination benefits $ — 106 (106 ) $ — Other associated costs — 23 (23 ) —
Sonoma California
Summary of Exit and Disposal Costs Related to Closure	Below is a summary of the exit and disposal costs related to the closure of the Sonoma facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 6 $ — $ 6 $ 6 Other associated costs 91 59 59 91
Reconciliation of Beginning and Ending Liability Balances Related to Exit and Disposal Costs	Below is a reconciliation of the beginning and ending liability balances related to the exit and disposal costs: Balance at Amounts Expensed Amounts Paid Balance at December 31, 2017 Other associated costs $ 24 — (24 ) $ —
Glasgow Scotland
Summary of Exit and Disposal Costs Related to Closure	Below is a summary of the exit and disposal costs related to the closure of the Glasgow facility: Total costs Total costs incurred Cumulative costs Three Months Ended Nine Months Ended Severance and other termination benefits $ 479 $ 71 $ 71 $ 479 Other associated costs 642-700 42 42 642
Reconciliation of Beginning and Ending Liability Balances Related to Exit and Disposal Costs	Below is a reconciliation of the beginning and ending liability balances related to the exit and disposal costs: Balance at Amounts Paid Balance at December 31, 2017 Other associated costs $ 99 (60 ) $ 39

Supplemental Cash Flow Disclo33

Supplemental Cash Flow Disclosures (Tables)	9 Months Ended
	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information and Non-Cash Activities	Supplemental disclosures with respect to cash flow information and non-cash Nine Months Ended December 31, 2017 December 31, 2016 Supplemental Disclosures of Cash Flow Information: Interest paid $ 25,058 $ 21,647 Income taxes paid, net of refunds 24,915 16,045 Supplemental Disclosures of Non-Cash Capital expenditures incurred but not yet paid $ 2,724 $ 2,803 Capital lease obligations incurred — 864 Change in derivative contract fair value—asset position 8,768 — Change in derivative contract fair value—liability position (34,793 ) 225 Business combinations accounted for as a purchase: Assets acquired (excluding cash) $ 1,632,049 $ 20,841 Liabilities assumed (335,495 ) (11,553 ) Liabilities for contingent / deferred payments (23,653 ) 2,081 MCC common stock issued (237,820 ) — Noncontrolling interest (1,100 ) — Net cash paid $ 1,033,981 $ 11,369

Description of Business and S34

Description of Business and Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Summary Of Significant Accounting Policy [Line Items]
Excess tax benefit from stock-based compensation				$ 1,245,000
Unrecognized excess tax benefit	$ 4,559,000		$ 4,559,000		$ 5,665,000
Accounting Standards Update 2016-09
Summary Of Significant Accounting Policy [Line Items]
Excess tax benefit from stock-based compensation	83,000		1,631,000
Unrecognized excess tax benefit	0		0
Selling, General and Administrative Expenses
Summary Of Significant Accounting Policy [Line Items]
Losses on sale of receivables	$ (251,000)	$ (162,000)	$ (716,000)	$ (412,000)

Earnings Per Common Share - Rec

Earnings Per Common Share - Reconciliation of Number of Shares Used in Basic and Diluted Earnings Per Share Computations (Detail) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Basic EPS, Shares	19,319	16,908	17,765	16,863
Effect of dilutive securities, Shares	127	131	149	144
Diluted EPS, Shares	19,446	17,039	17,914	17,007
Basic EPS, Per Share Amount	$ 1.06	$ 0.72	$ 2.80	$ 2.63
Effect of dilutive securities, Per Share Amount		(0.01)	(0.02)	(0.03)
Diluted EPS, Per Share Amount	$ 1.06	$ 0.71	$ 2.78	$ 2.60

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Anti-dilutive shares	157	175	132	171

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Inventory Disclosure [Abstract]
Finished goods	$ 80,598	$ 35,204
Work-in-process	18,172	8,933
Raw materials	68,732	26,862
Total inventories, gross	167,502	70,999
Inventory reserves	(9,763)	(7,004)
Total inventories, net	$ 157,739	$ 63,995

Debt - Components of Debt (Deta

Debt - Components of Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Principal	$ 1,638,311	$ 487,836
Unamortized Debt Issuance Costs	(30,405)	(6,335)
Less current portion of debt	(20,994)	(2,093)
Debt Less Unamortized Debt Issuance Costs	1,607,906	481,501
Less current portion of debt, Debt Less Unamortized Debt Issuance Costs	(20,994)	(2,093)
Total long-term debt, Debt Less Unamortized Debt Issuance Costs	1,586,912	479,408
Total long-term debt, Principal	1,617,317	485,743
New Credit Agreement | Term Loan A Facility, mature October 31, 2022
Debt Instrument [Line Items]
Principal	150,000
Unamortized Debt Issuance Costs	(4,208)
Debt Less Unamortized Debt Issuance Costs	145,792
New Credit Agreement | Term Loan B Facility, mature October 31, 2024
Debt Instrument [Line Items]
Principal	500,000
Unamortized Debt Issuance Costs	(6,495)
Debt Less Unamortized Debt Issuance Costs	493,505
New Credit Agreement | U.S. Revolving Credit Facility
Debt Instrument [Line Items]
Principal	60,000
Unamortized Debt Issuance Costs	(5,730)
Debt Less Unamortized Debt Issuance Costs	54,270
New Credit Agreement | Australian Revolving Sub-Facility
Debt Instrument [Line Items]
Principal	36,546
Unamortized Debt Issuance Costs	(637)
Debt Less Unamortized Debt Issuance Costs	35,909
Previous Credit Agreement | U.S. Revolving Credit Facility, repaid October 31, 2017
Debt Instrument [Line Items]
Principal		198,100
Unamortized Debt Issuance Costs		(2,335)
Debt Less Unamortized Debt Issuance Costs		195,765
Previous Credit Agreement | Australian Revolving Sub-Facility, repaid October 31, 2017
Debt Instrument [Line Items]
Principal		31,965
Unamortized Debt Issuance Costs		(178)
Debt Less Unamortized Debt Issuance Costs		31,787
Senior Notes | 6.125% Notes, due December 1, 2022
Debt Instrument [Line Items]
Principal	250,000	250,000
Unamortized Debt Issuance Costs	(3,317)	(3,822)
Debt Less Unamortized Debt Issuance Costs	246,683	246,178
Senior Notes | 4.875% Notes, due November 1, 2025
Debt Instrument [Line Items]
Principal	600,000	0
Unamortized Debt Issuance Costs	(10,018)	0
Debt Less Unamortized Debt Issuance Costs	589,982	0
Capital Leases
Debt Instrument [Line Items]
Principal	37,145	7,412
Debt Less Unamortized Debt Issuance Costs	37,145	7,412
Other Subsidiary Debt
Debt Instrument [Line Items]
Principal	4,620	359
Debt Less Unamortized Debt Issuance Costs	$ 4,620	$ 359

Debt - Components of Debt (Pare

Debt - Components of Debt (Parenthetical) (Detail)	9 Months Ended
	Dec. 31, 2017
6.125% Notes, due December 1, 2022 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	6.125%
Debt instrument, maturity date	Dec. 1, 2022
4.875% Notes, due November 1, 2025 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4.875%
Debt instrument, maturity date	Nov. 1, 2025
Term Loan A Facility, mature October 31, 2022
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2022
Term Loan B Facility, mature October 31, 2024
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2024
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2017
Revolving Credit Facility | U.S. Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2022
Revolving Credit Facility | Australian Revolving Sub-Facility
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2022

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Oct. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2019	Jun. 30, 2019	Nov. 30, 2014
Debt Instrument [Line Items]
Unamortized debt issuance costs written-off to interest expense		$ 660,000		$ 660,000
Interest expense to amortize deferred financing costs		1,090,000	$ 423,000	$ 1,898,000	$ 1,269,000
Term Loan A Facility, mature October 31, 2022
Debt Instrument [Line Items]
Debt instrument, maturity date				Oct. 31, 2022
Term Loan B Facility, mature October 31, 2024
Debt Instrument [Line Items]
Debt instrument, maturity date				Oct. 31, 2024
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, maturity date				Oct. 31, 2017
U.S. Revolving Credit Facility
Debt Instrument [Line Items]
Available borrowings		299,124,000		$ 299,124,000
Australian Revolving Sub-Facility
Debt Instrument [Line Items]
Available borrowings		3,454,000		3,454,000
Various Uncommitted Lines of Credit
Debt Instrument [Line Items]
Available borrowings		22,132,000		22,132,000
Senior Unsecured Bridge Facility
Debt Instrument [Line Items]
Commitment fees		4,587,000
New Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs		$ 16,290,000		$ 16,290,000
New Credit Agreement | Term Loan A Facility, mature October 31, 2022
Debt Instrument [Line Items]
Weighted average interest rate		3.82%		3.82%
New Credit Agreement | Term Loan A Facility, mature October 31, 2022 | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	$ 150,000,000
Maturity period	5 years
New Credit Agreement | Term Loan B Facility, mature October 31, 2024
Debt Instrument [Line Items]
Weighted average interest rate		3.82%		3.82%
New Credit Agreement | Term Loan B Facility, mature October 31, 2024 | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	$ 500,000,000
Maturity period	7 years
New Credit Agreement | Revolving Credit Facility | Scenario Forecast
Debt Instrument [Line Items]
Maximum consolidated secured net leverage ratio						425.00%	450.00%
New Credit Agreement | Revolving Credit Facility | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	$ 400,000,000
Maturity period	5 years
New Credit Agreement | U.S. Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate		3.98%		3.98%
New Credit Agreement | U.S. Revolving Credit Facility | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	$ 360,000,000
New Credit Agreement | Australian Revolving Sub-Facility
Debt Instrument [Line Items]
Weighted average interest rate		3.91%		3.91%
New Credit Agreement | Australian Revolving Sub-Facility | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	40,000,000
Senior Notes | 4.875% Notes, due November 1, 2025
Debt Instrument [Line Items]
Fair value of Notes		$ 601,500,000		$ 601,500,000
Debt instrument, interest rate		4.875%		4.875%
Aggregate principal amount	$ 600,000,000
Debt instrument, interest payment description				Interest is payable on the 4.875% Senior Notes on May 1st and November 1st of each year beginning May 1, 2018 until the maturity date of November 1, 2025.
Debt instrument, maturity date				Nov. 1, 2025
Debt issuance costs		$ 10,338,000		$ 10,338,000
Senior Notes | 4.875% Notes, due November 1, 2025 | Constantia Labels
Debt Instrument [Line Items]
Debt instrument, interest rate	4.875%
Debt instrument, maturity date	Nov. 1, 2025
Senior Notes | 6.125% Notes, due December 1, 2022
Debt Instrument [Line Items]
Fair value of Notes		$ 260,625,000		$ 260,625,000
Debt instrument, interest rate		6.125%		6.125%
Debt instrument, maturity date				Dec. 1, 2022
Senior Notes | 6.125% Notes, due December 1, 2022 | Constantia Labels
Debt Instrument [Line Items]
Debt instrument, interest rate		6.125%		6.125%
Aggregate principal amount								$ 250,000,000
Debt instrument, interest payment description				Interest is payable on the 6.125% Senior Notes on June 1st and December 1st of each year beginning June 1, 2015 until the maturity date of December 1, 2022.
Debt instrument, maturity date				Dec. 1, 2022
Minimum
Debt Instrument [Line Items]
Capital lease, interest rates				0.03%
Maximum
Debt Instrument [Line Items]
Capital lease, interest rates				23.00%

Debt - Schedule of Future Annua

Debt - Schedule of Future Annual Principal Payments (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
January 2018 - December 2018	$ 20,994
January 2019 - December 2019	17,652
January 2020 - December 2020	19,986
January 2021 - December 2021	23,175
January 2022 - December 2022	462,584
Thereafter	1,093,920
Total	1,638,311	$ 487,836
Debt
Debt Instrument [Line Items]
January 2018 - December 2018	16,450
January 2019 - December 2019	12,724
January 2020 - December 2020	16,429
January 2021 - December 2021	20,169
January 2022 - December 2022	460,394
Thereafter	1,075,000
Total	1,601,166
Capital Leases
Debt Instrument [Line Items]
January 2018 - December 2018	4,544
January 2019 - December 2019	4,928
January 2020 - December 2020	3,557
January 2021 - December 2021	3,006
January 2022 - December 2022	2,190
Thereafter	18,920
Total	$ 37,145	$ 7,412

Debt - Net Minimum Payments on

Debt - Net Minimum Payments on Capitalized Leases (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Capital Leases, Future Minimum Payments, Net Present Value [Abstract]
Total minimum lease payments	$ 49,568	$ 8,327
Less amount representing interest	(12,423)	(915)
Present value of net minimum lease payments	37,145	7,412
Current portion	(4,544)	(1,964)
Capitalized lease obligations, less current portion	32,601	5,448
Present value of net minimum lease payments	$ 37,145	$ 7,412

Major Customers - Additional In

Major Customers - Additional Information (Detail) - Customer Concentration Risk - Procter And Gamble Company	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Sales Revenue, Net
Concentration Risk [Line Items]
Percentage from major customers			13.00%	18.00%	15.00%	17.00%
Accounts Receivable
Concentration Risk [Line Items]
Percentage from major customers	3.00%	4.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Tax Contingency [Line Items]
Provisional discrete net tax benefit due to transitional impacts	$ 16,186,000
Estimated repatriation tax charge	2,335,000
Provisional valuation allowance on certain interest expense carryforwards	5,291,000
Net deferred tax benefit due to rate change	23,812,000
Excess tax benefit from stock-based compensation				$ 1,245,000
Liabilities for unrecognized tax benefits	4,559,000		$ 4,559,000				$ 5,665,000
Interest and penalties recognized to income tax expense	(14,000)	$ (150,000)	47,000	$ 89,000
Liability for interest and penalties	1,941,000		1,941,000				$ 1,892,000
Release of reserves for uncertain tax positions, including interest and penalties	322,000		1,642,000
Reasonably possible unrecognized tax benefits within next 12 months	3,277,000		3,277,000
Amount of unrecognized tax benefits that would favorably impact effective tax rate	3,889,000		3,889,000
Accounting Standards Update 2016-09
Income Tax Contingency [Line Items]
Excess tax benefit from stock-based compensation	83,000		1,631,000
Liabilities for unrecognized tax benefits	0		$ 0
Scenario Forecast
Income Tax Contingency [Line Items]
Statutory federal tax rate					21.00%	31.50%
Administration of the Treasury, Belgium
Income Tax Contingency [Line Items]
Net deferred tax benefit due to rate change	$ 15,409,000
Minimum
Income Tax Contingency [Line Items]
Statutes of limitations range, period			3 years
Maximum
Income Tax Contingency [Line Items]
Statutes of limitations range, period			5 years
Domestic Tax Authority | Earliest Tax Year
Income Tax Contingency [Line Items]
Year before which the Company is no longer subject to income tax examination			2,015
State and Local Jurisdiction | Earliest Tax Year
Income Tax Contingency [Line Items]
Year before which the Company is no longer subject to income tax examination			2,012
Foreign Tax Authority | Earliest Tax Year
Income Tax Contingency [Line Items]
Year before which the Company is no longer subject to income tax examination			1,999

Risk Management Activities an45

Risk Management Activities and Financial Instruments - Additional Information (Detail)	1 Months Ended			9 Months Ended
	Oct. 31, 2017USD ($)	Sep. 30, 2017EUR (€)Derivative	Jul. 31, 2017EUR (€)	Dec. 31, 2017USD ($)Derivative	Nov. 30, 2017EUR (€)
New Credit Agreement
Derivative [Line Items]
Number of derivative instruments				2
Notional amount | $				$ 300,000,000
Effective date of swaps				2018-10
Swap expiration date				2022-10
Fixed interest rate on swaps				2.1345%
Cross Currency Swaps
Derivative [Line Items]
Number of derivative instruments | Derivative		4
Notional amount		€ 400,000,000
Maturity date		2025-11
Cross Currency Swaps | Net Investment Hedges
Derivative [Line Items]
Notional amount					€ 400,000,000
Cross Currency Swaps | Derivatives designated as hedging instruments | Net Investment Hedges
Derivative [Line Items]
Notional amount		€ 205,000,000			€ 195,000,000
Cross Currency Swaps | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional amount		€ 195,000,000
Interest Rate Swaps
Derivative [Line Items]
Number of derivative instruments | Derivative				3
Notional amount | $				$ 125,000,000
Effective date of swaps				2012-10
Swap expiration date				2016-08
Fixed interest rate on swaps				1.396%
Interest Rate Swap Agreements | New Credit Agreement
Derivative [Line Items]
Number of derivative instruments				2
Notional amount | $				$ 300,000,000
Effective date of swaps				2017-10
Swap expiration date				2018-10
Fixed interest rate on swaps				1.5625%
Foreign Currency Forward Contracts
Derivative [Line Items]
Gain on exiting foreign currency forward contract | $	$ 8,109,000
Foreign Currency Forward Contracts | Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional amount			€ 495,600,000
Maturity date			2017-11

Risk Management Activities an46

Risk Management Activities and Financial Instruments - Summary of Fair Value of Qualifying and Non-qualifying Instruments Used in Hedging Transactions (Detail) - Fair Value Inputs Level 2 $ in Thousands	Dec. 31, 2017USD ($)
Derivatives designated as hedging instruments | Net Investment Hedges | Cross Currency Swaps | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 6,403
Derivatives designated as hedging instruments | Net Investment Hedges | Cross Currency Swaps | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	31,789
Derivatives designated as hedging instruments | Cash Flow Hedges | Interest Rate Swaps | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	407
Derivatives designated as hedging instruments | Cash Flow Hedges | Interest Rate Swaps | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	864
Derivatives designated as hedging instruments | Cash Flow Hedges | Interest Rate Swaps | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	106
Derivatives designated as hedging instruments | Fair Value Hedges | Foreign Exchange Contract | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	36
Derivatives not designated as hedging instruments | Foreign Currency Forward Contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	1,058
Derivatives not designated as hedging instruments | Foreign Currency Forward Contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 2,898

Risk Management Activities an47

Risk Management Activities and Financial Instruments - Amounts of Gains and (Losses) Recognized in OCI Net of Reclassifications Into Earnings (Detail) - Derivatives designated as hedging instruments - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Dec. 31, 2017	Dec. 31, 2017
Cross Currency Swaps | Net Investment Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) recognized in OCI net of reclassifications into earnings	[1]	$ (9,617)	$ (14,173)
Interest Rate Swaps | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) recognized in OCI net of reclassifications into earnings		$ 1,165	$ 1,165
[1]	The net loss of $(14,173) recognized in OCI as of December 31, 2017 is comprised of an excluded component loss of $(10,335) and an undiscounted spot loss of $(10,793), net of tax of $6,955.

Risk Management Activities an48

Risk Management Activities and Financial Instruments - Amounts of Gains and (Losses) Recognized in OCI Net of Reclassifications Into Earnings (Parenthetical) (Detail) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on interest rate swaps, tax		$ 4,097	$ 6,955	$ (133)
Derivatives designated as hedging instruments | Cross Currency Swaps | Net Investment Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) recognized in OCI net of reclassifications into earnings	[1]	$ (9,617)	(14,173)
Derivative instruments, amount of loss recognized in OCI			(10,335)
Unrealized gain (loss) on interest rate swaps, tax			6,955
Derivatives designated as hedging instruments | Cross Currency Spot Swaps | Net Investment Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amount of loss recognized in OCI			$ (10,793)
[1]	The net loss of $(14,173) recognized in OCI as of December 31, 2017 is comprised of an excluded component loss of $(10,335) and an undiscounted spot loss of $(10,793), net of tax of $6,955.

Risk Management Activities an49

Risk Management Activities and Financial Instruments - Amounts of Gains and (Losses) Reclassified from AOCI into Earnings (Detail) - Cash Flow Hedging - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Cross Currency Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into earnings	[1]	$ 2,140	$ 2,140
Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into earnings	[2]	$ (131)	$ (131)	$ (329)
[1]	The Company had a $2,022 excluded component gain in AOCI which was recognized into income during the three and nine months ended December 31, 2017.
[2]	During the next 12 months, $300 of gains included in the December 31, 2017 AOCI balance are expected to be reclassified into interest expense.

Risk Management Activities an50

Risk Management Activities and Financial Instruments - Amounts of Gains and (Losses) Reclassified from AOCI into Earnings (Parenthetical) (Detail) - Cash Flow Hedging - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Cross Currency Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Excluded component gain in AOCI which was recognized into income			$ 2,140
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into interest expense	[1]	$ 2,140	2,140
Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into interest expense	[2]	$ (131)	(131)	$ (329)
Interest Rate Swaps | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into interest expense			$ 300
[1]	The Company had a $2,022 excluded component gain in AOCI which was recognized into income during the three and nine months ended December 31, 2017.
[2]	During the next 12 months, $300 of gains included in the December 31, 2017 AOCI balance are expected to be reclassified into interest expense.

Risk Management Activities an51

Risk Management Activities and Financial Instruments - Amounts of Gains and (Losses) Included in Earnings from Qualifying and Non-qualifying Financial Instruments used in Hedging Transactions (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Foreign Currency Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	$ 8,109
Interest expense | Derivatives not designated as hedging instruments | Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives					$ 225
Other income (expense), net | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on underlying hedged items		$ 1,539	$ (53)	$ 1,264	(128)
Other income (expense), net | Derivatives not designated as hedging instruments | Foreign Currency Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives		(1,834)	$ 3	(1,550)	$ 28
Other income (expense), net | Derivatives not designated as hedging instruments | Cross Currency Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives		1,553		(4,258)
Other income (expense), net | Derivatives not designated as hedging instruments | Constantia Labels | Foreign Currency Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives		$ (1,108)		$ 8,109

Accrued Expenses and Other Li52

Accrued Expenses and Other Liabilities - Summary of Accrued Expenses and Other Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Accrued Liabilities and Other Liabilities [Abstract]
Accrued payroll and benefits	$ 40,434	$ 24,286
Accrued income taxes	3,673	5,604
Professional fees	3,240	500
Accrued taxes other than income taxes	2,764	1,616
Accrued interest	3,079	5,178
Customer rebates	2,762	2,672
Deferred payments	13,755	1,068
Deferred revenue	11,003	7,076
Derivative liabilities	3,004
Other	7,031	5,758
Total accrued expenses and other liabilities	$ 90,745	$ 53,758

Acquisitions and Divestitures -

Acquisitions and Divestitures - Additional Information (Detail)

Oct. 31, 2017USD ($)CountryPlant$ / sharesshares

Oct. 11, 2017USD ($)

Aug. 03, 2017USD ($)

Jul. 03, 2017USD ($)

Jan. 03, 2017USD ($)

Jul. 06, 2016USD ($)

Jul. 01, 2016USD ($)

Jan. 04, 2016USD ($)

Oct. 01, 2015USD ($)

Aug. 11, 2015USD ($)

May 04, 2015USD ($)Facility

May 01, 2015USD ($)

Jan. 31, 2017USD ($)

Dec. 31, 2017USD ($)

Sep. 30, 2017USD ($)

Jun. 30, 2017USD ($)

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2017USD ($)

Mar. 31, 2016USD ($)

Business Acquisition [Line Items]

Cash proceeds from sale of controlling interest

$ 3,620,000

Loss on sale of business

$ (512,000)

Indonesia

Business Acquisition [Line Items]

Acquisition cost of remaining shares

$ 514,000

Certain Malaysia and China

Business Acquisition [Line Items]

Percentage of controlling interest sold

60.00%

Cash proceeds from sale of controlling interest

$ 3,620,000

Loss on sale of business

$ (512,000)

Gironde Imprimerie Publicite

Business Acquisition [Line Items]

Equity interest acquired

67.60%

Deferred payment

$ 208,000

Deferred payment period

1 year

Net debt assumed

$ 862,000

Purchase price, before debt assumed

$ 2,084,000

Super Label

Business Acquisition [Line Items]

Equity interest acquired

90.00%

Cash acquired, allocated to purchase price

$ 8,152,000

Date of acquisition

Aug. 11, 2015

Bank debt assumed

2,117,000

Accounts receivable acquired, fair value

8,479,000

The gross contractual value of receivables

8,809,000

Estimated contractual cash flows not expected to be collected

330,000

Purchase price, before cash acquired

39,782,000

Total purchase price

$ 33,747,000

Super Label | Indonesia

Business Acquisition [Line Items]

Equity interest acquired

80.00%

Super Label | Certain Malaysia and China

Business Acquisition [Line Items]

Equity interest acquired

60.00%

Super Label | Selling, General and Administrative Expenses

Business Acquisition [Line Items]

Acquisition expenses

$ 1,434,000

$ 7,000

$ 1,000

$ 105,000

$ 390,000

$ 931,000

GEWA Etiketten GmbH

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Date of acquisition

Aug. 3, 2017

Total purchase price

$ 21,846,000

Net debt assumed

5,150,000

Amount held in escrow account

$ 2,185,000

Period for releasing escrow deposit

18 months

GEWA Etiketten GmbH | Gironde Imprimerie Publicite

Business Acquisition [Line Items]

Minority interest, percentage

2.40%

Industria Litografica Alessandrina S.r.l.

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment

$ 819,000

Deferred payment period

3 years

Net debt assumed

$ 3,547,000

Purchase price, before debt assumed

$ 6,301,000

Italstereo Resin Labels S.r.l.

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Cash acquired, allocated to purchase price

$ 181,000

Purchase price, before cash acquired

3,342,000

Italstereo Resin Labels S.r.l. | Year One

Business Acquisition [Line Items]

Purchase price, before cash acquired

$ 201,000

Italstereo Resin Labels S.r.l. | Year Two

Business Acquisition [Line Items]

Deferred payment period

2 years

Purchase price, before cash acquired

$ 133,000

Cashin Print

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment

$ 3,317,000

Cash acquired, allocated to purchase price

135,000

Date of acquisition

Jan. 4, 2016

Purchase price, before cash acquired

17,487,000

Estimated purchase price adjustments

$ 1,411,000

System Label

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment

$ 1,011,000

887,000

Cash acquired, allocated to purchase price

2,025,000

Date of acquisition

Jan. 4, 2016

Purchase price, before cash acquired

11,665,000

Estimated purchase price adjustments

$ 1,571,000

Supa Stik Labels (Supa Stik)

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment

$ 622,000

Deferred payment period

2 years

Cash acquired, allocated to purchase price

$ 977,000

Date of acquisition

Oct. 1, 2015

Purchase price, before cash acquired

$ 6,787,000

Mr. Labels

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment

196,000

Date of acquisition

May 1, 2015

Purchase price, before cash acquired

$ 2,110,000

Constantia Labels

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Number of employees

2,800

Number of plants | Plant

23

Number of countries operated | Country

14

Number of shared issued for acquisition | shares

3,383

Fair value of the shares issued

$ 237,820,000

Price per share | $ / shares

$ 82.70

Deferred payment

$ 3,094,000

Deferred payment period

90 days

Future performance based earnout included in purchase price

$ 9,408,000

Future performance based earnouts future payout, minimum

$ 0

Future performance based earnouts future payout period, maximum

90 days

Cash acquired, allocated to purchase price

$ 49,647,000

Bank debt assumed

32,430,000

Acquisition expenses

15,606,000

Liabilities assumed, contingent liability

$ 9,671,000

Weighted-average amortization period for identifiable intangible assets acquired

18 years

Accounts receivable acquired, fair value

$ 118,800,000

The gross contractual value of receivables

119,917,000

Estimated contractual cash flows not expected to be collected

1,117,000

Purchase price, before cash acquired

1,057,993,000

Total purchase price

$ 1,291,098,000

Constantia Labels | South Africa

Business Acquisition [Line Items]

Equity interest acquired

75.00%

Constantia Labels | Selling, General and Administrative Expenses

Business Acquisition [Line Items]

Acquisition expenses

$ 11,299,000

$ 3,545,000

$ 744,000

$ 18,000

Barat Group

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment

$ 2,160,000

Cash acquired, allocated to purchase price

4,444,000

Bank debt assumed

$ 3,698,000

Date of acquisition

May 4, 2015

Number of manufacturing facilities | Facility

4

Indemnification Asset

$ 1,115,000

Weighted-average amortization period for identifiable intangible assets acquired

19 years

Accounts receivable acquired, fair value

$ 8,489,000

The gross contractual value of receivables

8,679,000

Estimated contractual cash flows not expected to be collected

190,000

Purchase price, before cash acquired

47,813,000

Total purchase price

49,227,000

Barat Group | Selling, General and Administrative Expenses

Business Acquisition [Line Items]

Acquisition expenses

$ 1,500,000

$ 8,000

$ 4,000

$ 65,000

$ 751,000

$ 467,000

$ 205,000

Barat Group | Gironde Imprimerie Publicite

Business Acquisition [Line Items]

Minority interest, percentage

30.00%

30.00%

30.00%

Fair value of equity interest

$ 771,000

Gain recognized as a result of re-measuring the fair value of equity interest

$ 690,000

Tanzania Printers

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment period

3 months

1 year

Cash acquired, allocated to purchase price

$ 397,000

Date of acquisition

Oct. 11, 2017

Indemnification Asset

1,593,000

Purchase price, before cash acquired

$ 15,929,000

Graphix Labels and Packaging Pty Ltd

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Deferred payment

$ 1,631,000

Deferred payment period

2 years

Date of acquisition

Jan. 3, 2017

Total purchase price

$ 17,261,000

Senior Notes | 4.875% Notes, due November 1, 2025

Business Acquisition [Line Items]

Debt instrument, interest rate

4.875%

4.875%

Debt instrument, maturity date

Nov. 1, 2025

Senior Notes | Constantia Labels | 4.875% Notes, due November 1, 2025

Business Acquisition [Line Items]

Debt instrument, interest rate

4.875%

Debt instrument, maturity date

Nov. 1, 2025

Acquisitions and Divestitures54

Acquisitions and Divestitures - Purchase Price (Detail) - USD ($) $ in Thousands	Oct. 31, 2017	Aug. 11, 2015	May 04, 2015	Dec. 31, 2017
Business Acquisition [Line Items]
MCC common stock issued				$ 237,820
Barat Group
Business Acquisition [Line Items]
Cash from proceeds of borrowings			$ 47,813
Deferred payment			2,160
Purchase price, before cash acquired			49,973
Net cash acquired			(746)
Total purchase price			$ 49,227
Super Label
Business Acquisition [Line Items]
Cash from proceeds of borrowings		$ 39,782
Net cash acquired		(6,035)
Total purchase price		$ 33,747
Constantia Labels
Business Acquisition [Line Items]
Cash from proceeds of borrowings	$ 1,057,993
MCC common stock issued	237,820
Deferred payment	3,094
Contingent consideration	9,408
Purchase price, before cash acquired	1,308,315
Net cash acquired	(17,217)
Total purchase price	$ 1,291,098

Acquisitions and Divestitures55

Acquisitions and Divestitures - Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Oct. 31, 2017	Mar. 31, 2017	Aug. 11, 2015	May 04, 2015
Assets Acquired:
Goodwill	$ 1,178,955		$ 412,550
Liabilities Assumed:
Noncontrolling interests	$ (1,100)
Constantia Labels
Assets Acquired:
Net cash acquired		$ 17,217
Accounts receivable		118,800
Inventories		89,086
Property, plant and equipment		215,479
Intangible assets		410,000
Goodwill		712,162
Other assets		19,722
Total assets acquired		1,582,466
Liabilities Assumed:
Accounts payable		93,800
Accrued income taxes payable		8,322
Accrued expenses and other liabilities		37,512
Deferred tax liabilities		133,417
Total liabilities assumed		273,051
Net assets acquired		1,309,415
Noncontrolling interests		(1,100)
Net assets acquired attributable to Multi-Color Corporation		$ 1,308,315
Super Label
Assets Acquired:
Net cash acquired				$ 6,035
Accounts receivable				8,479
Inventories				4,276
Property, plant and equipment				22,002
Intangible assets				2,437
Goodwill				8,668
Other assets				1,984
Total assets acquired				53,881
Liabilities Assumed:
Accounts payable				5,087
Accrued income taxes payable				936
Accrued expenses and other liabilities				1,725
Deferred tax liabilities				2,874
Total liabilities assumed				10,622
Net assets acquired				43,259
Noncontrolling interests				(3,477)
Net assets acquired attributable to Multi-Color Corporation				$ 39,782
Barat Group
Assets Acquired:
Net cash acquired					$ 746
Accounts receivable					8,489
Inventories					2,863
Property, plant and equipment					8,356
Intangible assets					21,852
Goodwill					23,391
Other assets					2,794
Total assets acquired					68,491
Liabilities Assumed:
Accounts payable					3,049
Accrued income taxes payable					355
Accrued expenses and other liabilities					7,043
Deferred tax liabilities					8,071
Total liabilities assumed					18,518
Net assets acquired					49,973
Net assets acquired attributable to Multi-Color Corporation					$ 49,973

Acquisitions and Divestitures56

Acquisitions and Divestitures - Estimated Fair Value of Identifiable Intangible Assets Acquired and Estimated Useful Lives (Detail) - USD ($) $ in Thousands	Oct. 31, 2017	Aug. 11, 2015	May 04, 2015
Constantia Labels
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 410,000
Useful Lives	18 years
Constantia Labels | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 390,000
Useful Lives	19 years
Constantia Labels | Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 20,000
Useful Lives	4 years
Super Label
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value		$ 2,437
Super Label | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value		$ 2,437
Useful Lives		15 years
Barat Group
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value			$ 21,852
Useful Lives			19 years
Barat Group | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value			$ 20,849
Useful Lives			20 years
Barat Group | Non-compete Agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value			$ 780
Useful Lives			2 years
Barat Group | Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value			$ 223
Useful Lives			1 year

Acquisitions and Divestitures57

Acquisitions and Divestitures - Schedule of Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Business Combinations [Abstract]
Net revenues	$ 411,272	$ 366,204	$ 1,269,185	$ 1,183,359
Net income attributable to Multi-Color	$ 24,070	$ 15,855	$ 60,157	$ 51,969
Diluted earnings per share	$ 1.17	$ 0.78	$ 2.93	$ 2.55

Acquisitions and Divestitures58

Acquisitions and Divestitures - Reconciliation of Actual Net Revenues and Net Income Attributable to Multi-Color Corporation to Pro Forma Net Revenues and Net Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition, Pro Forma Information [Line Items]
Multi-Color Corporation actual results, Net Income	$ 20,532	$ 12,126	$ 49,828	$ 44,274
Pro forma adjustments, Net Income	4,054	(10,848)	(13,097)	(31,487)
Pro forma results, Net Income	24,070	15,855	60,157	51,969
Multi-Color Corporation actual results, Net Revenues	352,699	210,658	851,173	679,292
Pro forma adjustments, Net Revenues	0	0	0	0
Pro forma results, Net Revenues	411,272	366,204	1,269,185	1,183,359
Constantia Labels
Business Acquisition, Pro Forma Information [Line Items]
Constantia Labels actual results, Net Income	(516)	14,577	23,426	39,182
Constantia Labels actual results, Net Revenues	$ 58,573	$ 155,546	$ 418,012	$ 504,067

Acquisitions and Divestitures59

Acquisitions and Divestitures - Pro Forma Adjustments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	$ 4,054	$ (10,848)	$ (13,097)	$ (31,487)
Financing Costs | Constantia Labels
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	1,235	3,530	9,689	11,466
Acquisition Transaction Costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	11,299	18	15,588	18
Incremental Depreciation and Amortization Costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	(2,127)	(6,382)	(14,890)	(19,145)
Incremental Interest Costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	(4,532)	(12,888)	(29,368)	(37,973)
Tax Effect of Adjustments
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	$ (1,821)	$ 4,874	$ 5,884	$ 14,147

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Loss - Schedule of Changes in Accumulated Other Comprehensive Loss by Component (Detail) $ in Thousands	9 Months Ended
	Dec. 31, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 378,951
Ending balance	715,620
Foreign currency items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(85,593)
OCI before reclassifications	59,958
Total other comprehensive income (loss)	59,958
Ending balance	(25,635)
Gains and (losses) on derivative contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
OCI before reclassifications	(11,703)
Amounts reclassified from AOCI	(1,305)
Total other comprehensive income (loss)	(13,008)
Ending balance	(13,008)
Acquisitions and Divestitures
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from AOCI	(224)
Total other comprehensive income (loss)	(224)
Ending balance	(224)
Defined benefit pension items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(202)
Ending balance	(202)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(85,795)
OCI before reclassifications	48,255
Amounts reclassified from AOCI	(1,529)
Total other comprehensive income (loss)	46,726
Ending balance	$ (39,069)

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Loss - Schedule of (Gains) and Losses Reclassified from AOCI (Detail) - Gains and (losses) on derivative contracts - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			$ (1,305)
Gains and (losses) reclassified from AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI, tax		$ 704	704	$ (133)
Amounts reclassified from AOCI		(1,305)	(1,305)	196
Gains and (losses) reclassified from AOCI | Cross Currency Swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI, before tax	[1]	(2,140)	(2,140)
Gains and (losses) reclassified from AOCI | Interest Rate Swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI, before tax	[1]	$ 131	$ 131	$ 329
[1]	Reclassified from AOCI into interest expense in the condensed consolidated statements of income. See Note 7.

Goodwill and Intangible Asset62

Goodwill and Intangible Assets - Goodwill (Detail) $ in Thousands	9 Months Ended
	Dec. 31, 2017USD ($)
Goodwill [Roll Forward]
Goodwill, gross, Beginning balance	$ 424,941
Accumulated impairment losses, Beginning balance	(12,391)
Goodwill, net, Beginning balance	412,550
Acquisitions	726,276
Adjustments to prior year acquisitions	(449)
Currency translation	41,105
Sale of Southeast Asian durables business	(527)
Goodwill, gross, Ending Balance	1,192,246
Accumulated impairment losses, Ending balance	(13,291)
Goodwill, net, Ending balance	$ 1,178,955

Goodwill and Intangible Asset63

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 671,184	$ 238,338
Accumulated Amortization	(82,818)	(69,118)
Net Carrying Amount	588,366	169,220
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	645,473	228,518
Accumulated Amortization	(78,058)	(61,546)
Net Carrying Amount	567,415	166,972
Technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	21,722	1,658
Accumulated Amortization	(2,331)	(1,368)
Net Carrying Amount	19,391	290
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	97	1,013
Accumulated Amortization	(40)	(1,013)
Net Carrying Amount	57
Licensing intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		1,958
Accumulated Amortization		(1,958)
Non-compete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,892	5,063
Accumulated Amortization	(2,389)	(3,116)
Net Carrying Amount	$ 1,503	1,947
Lease intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		128
Accumulated Amortization		(117)
Net Carrying Amount		$ 11

Goodwill and Intangible Asset64

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	$ 8,124	$ 3,458	$ 15,559	$ 10,835

Facility Closures - Summary of

Facility Closures - Summary of Exit and Disposal Costs Related to Closure (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Severance and other termination benefits | Merignac France
Restructuring Cost and Reserve [Line Items]
Total costs incurred	$ 485	$ 485
Cumulative costs incurred	485	485
Severance and other termination benefits | Merignac France | Minimum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	500	500
Severance and other termination benefits | Merignac France | Maximum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	550	550
Severance and other termination benefits | Dormans France
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	106	106
Total costs incurred		106
Cumulative costs incurred	106	106
Severance and other termination benefits | Sonoma California
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	6	6
Total costs incurred		6
Cumulative costs incurred	6	6
Severance and other termination benefits | Glasgow Scotland
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	479	479
Total costs incurred	71	71
Cumulative costs incurred	479	479
Contract termination costs | Merignac France | Minimum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	200	200
Contract termination costs | Merignac France | Maximum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	250	250
Other associated costs | Merignac France
Restructuring Cost and Reserve [Line Items]
Total costs incurred	251	251
Cumulative costs incurred	251	251
Other associated costs | Merignac France | Minimum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	300	300
Other associated costs | Merignac France | Maximum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	350	350
Other associated costs | Dormans France
Restructuring Cost and Reserve [Line Items]
Total costs incurred		23
Cumulative costs incurred	23	23
Other associated costs | Dormans France | Minimum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	75	75
Other associated costs | Dormans France | Maximum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	100	100
Other associated costs | Sonoma California
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	91	91
Total costs incurred	59	59
Cumulative costs incurred	91	91
Other associated costs | Glasgow Scotland
Restructuring Cost and Reserve [Line Items]
Total costs incurred	42	42
Cumulative costs incurred	642	642
Other associated costs | Glasgow Scotland | Minimum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	642	642
Other associated costs | Glasgow Scotland | Maximum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	$ 700	$ 700

Facility Closures - Reconciliat

Facility Closures - Reconciliation of Beginning and Ending Liability Balances Related to Exit and Disposal Costs (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Merignac France | Severance and other termination benefits
Restructuring Cost and Reserve [Line Items]
Amounts Expensed	$ 485	$ 485
Amounts Paid		(485)
Merignac France | Other associated costs
Restructuring Cost and Reserve [Line Items]
Amounts Expensed	251	251
Amounts Paid		(251)
Dormans France | Severance and other termination benefits
Restructuring Cost and Reserve [Line Items]
Amounts Expensed		106
Amounts Paid		(106)
Dormans France | Other associated costs
Restructuring Cost and Reserve [Line Items]
Amounts Expensed		23
Amounts Paid		(23)
Sonoma California | Severance and other termination benefits
Restructuring Cost and Reserve [Line Items]
Amounts Expensed		6
Sonoma California | Other associated costs
Restructuring Cost and Reserve [Line Items]
Beginning balance		24
Amounts Expensed	59	59
Amounts Paid		(24)
Glasgow Scotland | Severance and other termination benefits
Restructuring Cost and Reserve [Line Items]
Amounts Expensed	71	71
Glasgow Scotland | Other associated costs
Restructuring Cost and Reserve [Line Items]
Beginning balance		99
Amounts Expensed	42	42
Amounts Paid		(60)
Ending balance	$ 39	$ 39

Facility Closures - Additional

Facility Closures - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2016
Merignac France
Restructuring Cost and Reserve [Line Items]
Cumulative costs	$ 736
Dormans France
Restructuring Cost and Reserve [Line Items]
Cumulative costs	154
Facility closure expenses related to impairment loss on fixed assets	25
Sonoma California
Restructuring Cost and Reserve [Line Items]
Cumulative costs	272
Gain (loss) on sale of land and building			$ 185
Wrote-off of property, plant and equipment			140
Sonoma California | Facility closure expenses
Restructuring Cost and Reserve [Line Items]
Facility closure expenses related to impairment loss on fixed assets				$ 220
Glasgow Scotland
Restructuring Cost and Reserve [Line Items]
Cumulative costs	$ 859
Net gain on the sale of property, plant and equipment		$ 377
Glasgow Scotland | Facility closure expenses
Restructuring Cost and Reserve [Line Items]
Facility closure expenses related to impairment loss on fixed assets				$ 115
Dublin Ireland
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs			196		$ 355
Greensboro North Carolina
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs			$ 70		$ 119

Supplemental Cash Flow Disclo68

Supplemental Cash Flow Disclosures - Supplemental Disclosures of Cash Flow Information and Non-Cash Activities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Supplemental Disclosures of Cash Flow Information:
Interest paid	$ 25,058	$ 21,647
Income taxes paid, net of refunds	24,915	16,045
Supplemental Disclosures of Non-Cash Activities:
Capital expenditures incurred but not yet paid	2,724	2,803
Capital lease obligations incurred		864
Change in derivative contract fair value-asset position	8,768
Change in derivative contract fair value-liability position	(34,793)	225
Business combinations accounted for as a purchase:
Assets acquired (excluding cash)	1,632,049	20,841
Liabilities assumed	(335,495)	(11,553)
Liabilities for contingent / deferred payments	(23,653)	2,081
MCC common stock issued	(237,820)
Noncontrolling interest	(1,100)
Net cash paid	$ 1,033,981	$ 11,369