MULTI COLOR (LABL) 10-Q 9 Nov 18 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2018	Oct. 31, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Trading Symbol	LABL
Entity Registrant Name	MULTI COLOR Corp
Entity Central Index Key	819,220
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		20,517,424

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net revenues	$ 434,913	$ 256,034	$ 891,044	$ 498,474
Cost of revenues	348,128	204,260	716,249	397,243
Gross profit	86,785	51,774	174,795	101,231
Selling, general and administrative expenses	39,191	25,200	81,959	48,789
Facility closure expenses	114	95	141	129
Operating income	47,480	26,479	92,695	52,313
Interest expense	18,690	6,669	37,889	13,004
Other expense (income), net	1,860	(2,676)	2,904	(1,477)
Income before income taxes	26,930	22,486	51,902	40,786
Income tax expense	3,125	7,296	10,005	11,454
Net income	23,805	15,190	41,897	29,332
Less: Net income attributable to noncontrolling interests	50		3	36
Net income attributable to Multi-Color Corporation	$ 23,755	$ 15,190	$ 41,894	$ 29,296
Weighted average shares and equivalents outstanding:
Basic	20,464	17,015	20,453	16,983
Diluted	20,552	17,177	20,550	17,168
Basic earnings per common share	$ 1.16	$ 0.89	$ 2.05	$ 1.73
Diluted earnings per common share	1.16	0.88	2.04	1.71
Dividends per common share	$ 0.05	$ 0.05	$ 0.10	$ 0.10

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income		$ 23,805	$ 15,190	$ 41,897	$ 29,332
Other comprehensive income (loss):
Unrealized foreign currency translation gain (loss)	[1]	(10,364)	10,950	(94,297)	30,014
Unrealized gain (loss) on derivative contracts, net of tax	[2]	1,520	(4,556)	18,278	(4,556)
Total other comprehensive income (loss)		(8,844)	6,394	(76,019)	25,458
Comprehensive income (loss)		14,961	21,584	(34,122)	54,790
Less: comprehensive (loss) attributable to noncontrolling interests		(177)		(1,637)	(30)
Comprehensive income (loss) attributable to Multi-Color Corporation		$ 15,138	$ 21,584	$ (32,485)	$ 54,820
[1]	The amounts for the three months ended September 30, 2018 and 2017 include tax impacts of $332 and $(168), respectively, related to the settlement of foreign currency denominated intercompany loans. The amounts for the six months ended September 30, 2018 and 2017 include tax impacts of $2,873 and $(452), respectively, related to the settlement of foreign currency denominated intercompany loans.
[2]	Amounts are net of tax of $(718) and $2,858 for the three months ended September 30, 2018 and 2017, respectively, and $(6,326) and $2,858 for the six months ended September 30, 2018 and 2017, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Unrealized gain (loss) on interest rate swaps, tax	$ 332	$ (168)	$ 2,873	$ (452)
Unrealized foreign currency translation gain (loss), tax impact related to settlement of foreign currency denominated intercompany loans	$ (718)	$ 2,858	$ (6,326)	$ 2,858

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Current assets:
Cash and cash equivalents	$ 75,337	$ 67,708
Accounts receivable, net of allowance of $3,046 and $2,704 at September 30, 2018 and March 31, 2018, respectively	292,968	306,542
Other receivables	21,646	16,589
Inventories, net	136,765	167,950
Prepaid expenses	19,804	24,926
Other current assets	45,934	17,468
Total current assets	592,454	601,183
Property, plant and equipment, net of accumulated depreciation of $255,829 and $235,980 at September 30, 2018 and March 31, 2018, respectively	542,709	510,002
Goodwill	1,098,785	1,196,634
Intangible assets, net	574,047	580,233
Other non-current assets	11,515	12,097
Deferred income tax assets	2,683	2,827
Total assets	2,822,193	2,902,976
Current liabilities:
Current portion of long-term debt	23,773	20,864
Accounts payable	188,215	192,341
Accrued expenses and other liabilities	109,228	114,022
Total current liabilities	321,216	327,227
Long-term debt	1,542,346	1,577,821
Deferred income tax liabilities	165,535	149,950
Other liabilities	61,985	87,605
Total liabilities	2,091,082	2,142,603
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, 20,819 and 20,753 shares issued at September 30, 2018 and March 31, 2018, respectively	1,407	1,403
Paid-in capital	405,434	402,252
Treasury stock, 309 and 307 shares at cost at September 30, 2018 and March 31, 2018, respectively	(11,701)	(11,528)
Retained earnings	428,962	384,671
Accumulated other comprehensive loss	(95,370)	(19,241)
Total stockholders' equity attributable to Multi-Color Corporation	728,732	757,557
Noncontrolling interests	2,379	2,816
Total stockholders' equity	731,111	760,373
Total liabilities and stockholders' equity	$ 2,822,193	$ 2,902,976

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 3,046	$ 2,704
Accumulated depreciation	$ 255,829	$ 235,980
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	20,819,000	20,753,000
Treasury stock, shares	309,000	307,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY - 6 months ended Sep. 30, 2018 - 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, 2018	$ 760,373	$ 1,403	$ 402,252	$ (11,528)	$ 384,671	$ (19,241)	$ 2,816
Balance, shares at Mar. 31, 2018		20,753
Net income	41,897				41,894		3
Topic 606 transition adjustment	2,701				2,701
ASU 2018-02 reclassification of stranded tax effects					1,750	(1,750)
Other comprehensive income	(76,019)					(74,379)	(1,640)
Constantia Labels acquisition	1,200						1,200
Issuance of common stock	1,173	$ 4	1,169
Issuance of common stock, shares		42
Restricted stock grant	0	$ 0	0	0	0	0	0
Restricted stock grant, shares		12
Conversion of restricted share units		12
Stock-based compensation	2,013		2,013
Shares acquired under employee plans	(173)			(173)
Common stock dividends	(2,054)				(2,054)
Balance at Sep. 30, 2018	$ 731,111	$ 1,407	$ 405,434	$ (11,701)	$ 428,962	$ (95,370)	$ 2,379
Balance, shares at Sep. 30, 2018		20,819

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 41,897	$ 29,332
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	28,439	17,406
Amortization of intangible assets	22,663	7,435
Loss on sale of Southeast Asian durables business		512
Amortization of deferred financing costs	2,550	808
Net (gain)/loss on disposal of property, plant and equipment	(194)	349
Net (gain) on derivative contracts	(489)	(3,011)
Stock-based compensation expense	2,013	1,797
Deferred income taxes, net	(1,797)	2,199
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	4,925	(4,664)
Inventories	830	(2,067)
Prepaid expenses and other assets	(8,238)	(219)
Accounts payable	12,436	4,349
Accrued expenses and other liabilities	1,202	(10,012)
Net cash provided by operating activities	106,237	44,214
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(53,941)	(26,262)
Investment in acquisitions, net of cash acquired		(21,383)
Net proceeds from sale of Southeast Asian durables business		3,620
Proceeds from sale of property, plant and equipment	1,590	253
Net cash (used in) investing activities	(52,351)	(43,772)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving lines of credit	187,284	140,021
Payments under revolving lines of credit	(217,534)	(128,844)
Repayment of long-term debt	(8,508)	(1,478)
Payment of acquisition related deferred payments	(1,104)	(206)
Proceeds from issuance of common stock	1,004	2,432
Debt issuance costs		(1,636)
Dividends paid	(2,048)	(1,977)
Net cash (used in)/provided by financing activities	(40,906)	8,312
Effect of foreign exchange rate changes on cash	(5,351)	1,645
Net increase in cash and cash equivalents	7,629	10,399
Cash and cash equivalents, beginning of period	67,708	25,229
Cash and cash equivalents, end of period	$ 75,337	$ 35,628

Description of Business and Sig

Description of Business and Significant Accounting Policies	6 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [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 the North American, Latin American, EMEA (Europe, Middle East and Africa) and Asia Pacific regions with a comprehensive range of the latest label technologies in Pressure Sensitive, 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 the first quarter of fiscal 2019, we adopted Accounting Standards Update (“ASU”) 2014-09, In February 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-02, 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 February 2016, the FASB issued ASU 2016-02, right-of-use No other new accounting pronouncement issued or effective during the six months ended September 30, 2018 had or is expected to have a material impact on the condensed consolidated financial statements. Supply Chain Financing The Company has entered into supply chain financing agreements with certain customers and factoring arrangements with certain banks. 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 $484 and $230 were recorded for the three months ended September 30, 2018 and 2017, respectively, and losses of $994 and $465 were recorded for the six months ended September 30, 2018 and 2017, respectively.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	2. Revenue Recognition On April 1, 2018, we adopted ASU 2014-09, We adopted the standard by applying the modified retrospective method to all contracts that were not completed as of the adoption date. The aggregate effect of any modifications to those contracts was reflected in identifying the satisfied and unsatisfied performance obligations, determining the transaction price, and allocating the price to the satisfied and unsatisfied performance obligations as of the adoption date. Accordingly, the comparative statement of income and comparative balance sheet have not been restated. Adjustments due to ASU 2014-09 Balance at Adjustments Balance at Assets: Accounts receivable, net $ 306,542 $ 253 $ 306,795 Inventories, net 167,950 (18,286 ) 149,664 Other current assets 17,468 21,657 39,125 Liabilities and Stockholders’ Equity: Accrued expenses and other liabilities $ 114,022 $ (215 ) $ 113,807 Deferred income tax liabilities 149,950 1,125 151,075 Accumulated other comprehensive loss (19,241 ) 13 (19,228 ) Retained earnings 384,671 2,701 387,372 Revenue is generated through the sale of products created to meet the packaging needs of our customers, culminating in a single performance obligation to produce labels with no alternate use, and revenue is recorded in an amount that reflects the net consideration that we expect to receive. Prices for our products are based on agreed upon rates with customers and do not include financing components or noncash consideration. The amount of consideration we receive and revenue we recognize is variable for certain customers and is impacted by incentives, including rebates, which are generally tied to achievement of certain sales volume levels. We recognize revenue when obligations under the terms of a contract with our customer are satisfied, in an amount that reflects the consideration we expect to receive in exchange for the product. Depending on the terms of the agreement with the customer, we recognize revenue either at a point-in-time We believe the costs incurred method is the best method to recognize our over-time revenue as costs incurred are proportionate to progress achieved in satisfying our performance obligations. The Company also has bill and hold arrangements with certain customers. For these arrangements, control over the product occurs when the product is ready for physical transfer to the customer, as we have a present right to payment, the customer can direct the use of the product (i.e., request shipment to its facility), and legal title has passed to the customer. Revenue is recognized at the time the product is produced and we have transferred control to the customer. Payment terms typically range from 30-90 Taxes assessed by a governmental authority that we collect from our customers that are both imposed on and concurrent with our revenue producing activities (such as sales tax, value-added tax, and excise taxes) are excluded from revenue. Shipping and handling costs incurred after control of the product is transferred to our customers are treated as fulfillment costs and not a separate performance obligation. MCC records contract assets when revenue is recognized but we have not yet invoiced the customer. This occurs when costs are incurred for the production of labels for over-time customers but the associated revenues have not been billed to the customer or when prepress costs related to fulfillment and completion of labels are incurred but the associated revenues for those labels have not been billed to the customer. Contract liabilities are recorded for expected shipping and handling charges for revenue recognized from over-time customers and billings to customers for prepress items to be utilized in the fulfilment and completion of labels that have not yet been fully utilized in the production process. Balance sheet location September 30, 2018 April 1, 2018 Contract assets Other current assets $ 33,803 $ 31,001 Contract liabilities Accrued expenses and other liabilities (8,529 ) (7,442 ) Net contract assets and liabilities $ 25,274 $ 23,559 MCC recognized revenues of $4,704 and $7,442 during the three and six months ended September 30, 2018, respectively, that were included in contract liabilities as of March 31, 2018 and fully expects the $8,529 of contract liabilities as of September 30, 2018 to be recognized as revenue within six months. We elected the practical expedient to disregard the possible existence of a significant financing component related to payment on contracts as part of the adoption of ASU 2014-09, The following table summarizes the September 30, 2018 condensed consolidated statement of income and condensed consolidated balance sheet as if ASU 2014-09 2014-09. Three Months Ended September 30, 2018 As Reported Adjustments Previous Standard Condensed Consolidated Statement of Income: Net revenues $ 434,913 $ 543 $ 435,456 Cost of revenues 348,128 440 348,568 Gross profit 86,785 103 86,888 Selling, general and administrative expenses 39,191 11 39,202 Operating income 47,480 92 47,572 Income tax expense 3,125 22 3,147 Net income 23,805 70 23,875 Six Months Ended September 30, 2018 As Reported Adjustments Previous Standard Condensed Consolidated Statement of Income: Net revenues $ 891,044 $ (415 ) $ 890,629 Cost of revenues 716,249 (336 ) 715,913 Gross profit 174,795 (79 ) 174,716 Selling, general and administrative expenses 81,959 (8 ) 81,951 Operating income 92,695 (71 ) 92,624 Income tax expense 10,005 (19 ) 9,986 Net income 41,897 (52 ) 41,845 As of September 30, 2018 As Reported Adjustments Previous Standard Condensed Consolidated Balance Sheet: Assets: Accounts receivable, net $ 292,968 $ (261 ) $ 292,707 Inventories, net 136,765 18,587 155,352 Other current assets 45,934 (21,933 ) 24,001 Liabilities and Stockholders’ Equity: Accrued expenses and other liabilities $ 109,228 $ 294 $ 109,522 Deferred income tax liabilities 165,535 (1,144 ) 164,391 Accumulated other comprehensive loss (95,370 ) (4 ) (95,374 ) Retained earnings 428,962 (2,753 ) 426,209 The following table presents our net revenues disaggregated by region and timing of revenue recognition for the three and six months ended September 30, 2018. Three Months Ended September 30, 2018 Six Months Ended September 30, 2018 Point-in-time Over-time Point-in-time Over-time North America $ 136,651 $ 58,657 $ 285,415 $ 116,722 Europe 168,744 921 349,019 1,974 Asia Pacific and Africa 62,696 1,261 123,528 1,996 South America 5,983 — 12,390 — Total $ 374,074 $ 60,839 $ 770,352 $ 120,692

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Common Share	3. 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 Six Months Ended September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Per Share Per Share Per Share Per Share Shares Amount Shares Amount Shares Amount Shares Amount Basic EPS 20,464 $ 1.16 17,015 $ 0.89 20,453 $ 2.05 16,983 $ 1.73 Effect of dilutive securities 88 — 162 (0.01 ) 97 (0.01 ) 185 (0.02 ) Diluted EPS 20,552 $ 1.16 17,177 $ 0.88 20,550 $ 2.04 17,168 $ 1.71 The Company excluded 310 and 114 options to purchase shares in the three months ended September 30, 2018 and 2017, respectively, from the computation of diluted EPS because these shares would have an anti-dilutive effect. The Company excluded 294 and 69 options to purchase shares in the six months ended September 30, 2018 and 2017, respectively, from the computation of diluted EPS because these shares would have an anti-dilutive effect.

Inventories

Inventories	6 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Inventories	4. Inventories The Company’s inventories consisted of the following: September 30, 2018 March 31, 2018 Finished goods $ 57,511 $ 80,845 Work-in-process 18,129 21,156 Raw materials 61,125 65,949 Total inventories, net $ 136,765 $ 167,950

Debt

Debt	6 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt	5. Debt The components of the Company’s debt consisted of the following: September 30, 2018 March 31, 2018 Unamortized Debt Less Unamortized Debt Less Debt Issuance Unamortized Debt Debt Issuance Unamortized Debt Principal Costs Issuance Costs Principal Costs Issuance Costs 6.125% Senior Notes (1) $ 250,000 $ (2,810 ) $ 247,190 $ 250,000 $ (3,148 ) $ 246,852 4.875% Senior Notes (1) 600,000 (9,059 ) 590,941 600,000 (9,699 ) 590,301 Credit Agreement Term Loan A Facility (2) 144,375 (3,561 ) 140,814 148,125 (3,996 ) 144,129 Term Loan B Facility (3) 496,250 (5,803 ) 490,447 498,750 (6,280 ) 492,470 U.S. Revolving Credit Facility (4) 22,000 (4,848 ) 17,152 56,945 (5,442 ) 51,503 Australian Revolving Sub-Facility 32,878 (539 ) 32,339 33,033 (605 ) 32,428 Capital leases 40,332 — 40,332 36,288 — 36,288 Other subsidiary debt 6,904 — 6,904 4,714 — 4,714 Total debt 1,592,739 (26,620 ) 1,566,119 1,627,855 (29,170 ) 1,598,685 Less current portion of debt (23,773 ) — (23,773 ) (20,864 ) — (20,864 ) Total long-term debt $ 1,568,966 $ (26,620 ) $ 1,542,346 $ 1,606,991 $ (29,170 ) $ 1,577,821 (1) The 6.125% Senior Notes are due on December 1, 2022. The 4.875% Senior Notes are due on November 1, 2025. (2) 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) 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 The carrying value of debt under the Credit Agreement approximates fair value. The fair value of the Senior Notes 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 $561,000 and $256,250, respectively, as of September 30, 2018. The fair values of the 4.875% Senior Notes and 6.125% Senior Notes were approximately $564,000 and $258,750, respectively, as of March 31, 2018. The following is a schedule of future annual principal payments as of September 30, 2018: Debt Capital Leases Total October 2018 - September 2019 $ 18,985 $ 4,788 $ 23,773 October 2019 - September 2020 15,473 4,128 19,601 October 2020 - September 2021 19,205 3,743 22,948 October 2021 - September 2022 25,733 2,879 28,612 October 2022 - September 2023 401,761 2,930 404,691 Thereafter 1,071,250 21,864 1,093,114 Total $ 1,552,407 $ 40,332 $ 1,592,739 Senior Secured Credit Facility In conjunction with the Constantia Labels acquisition, effective October 31, 2017 the Company entered into a credit agreement (the “Credit Agreement”) with various lenders. The 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 initial 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 initial 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 Credit Agreement contains customary mandatory and optional prepayment provisions and customary events of default. The 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 Credit Agreement can be used for working capital, capital expenditures and other corporate purposes and to fund permitted acquisitions (as defined in the Credit Agreement). Loans under the Credit Agreement bear interest at variable rates plus a margin, based on the Company’s consolidated secured net leverage ratio. The weighted average interest rates on the Company’s borrowings are as follows: September 30, 2018 March 31, 2018 Term Loan A Facility 4.24 % 4.13 % Term Loan B Facility 4.49 % 4.13 % U.S. Revolving Credit Facility 4.15 % 4.42 % Australian Revolving Sub-Facility 3.93 % 4.13 % The 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 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 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 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 Credit Agreement limits the ability of the Company to modify terms of the Indentures. As of September 30, 2018, the Company was in compliance with the covenants in the Credit Agreement and the Indentures. Available borrowings under the U.S. Revolving Credit Facility and Australian Revolving Sub-Facility Subsequent to September 30, 2018, the Company amended its Term Loan B Facility. See Note 16 for additional details. 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 Credit Agreement, the Company incurred $16,331 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 $1,275 and $404 in interest expense for the three months ended September 30, 2018 and 2017, respectively, in the condensed consolidated statements of income to amortize deferred financing costs. The Company recorded $2,550 and $808 in interest expense for the six months ended September 30, 2018 and 2017, respectively, in the condensed consolidated statements of income to amortize deferred financing costs. Capital Leases The present value of the net minimum payments on the capitalized leases is as follows: September 30, 2018 March 31, 2018 Total minimum lease payments $ 49,968 $ 49,521 Less amount representing interest (9,636 ) (13,233 ) Present value of net minimum lease payments 40,332 36,288 Current portion (4,788 ) (4,191 ) Capitalized lease obligations, less current portion $ 35,544 $ 32,097 The capitalized leases carry interest rates from 0.97% to 12.25% and mature from fiscal 2019 to fiscal 2032.

Major Customers

Major Customers	6 Months Ended
	Sep. 30, 2018
Risks and Uncertainties [Abstract]
Major Customers	6. Major Customers During the three months ended September 30, 2018 and 2017, sales to major customers (those exceeding 10% of the Company’s net revenues in one or more of the periods presented) approximated 10% and 17%, respectively, of the Company’s consolidated net revenues. All of these sales were made to The Procter & Gamble Company. During the six months ended September 30, 2018 and 2017, sales to major customers (those exceeding 10% of the Company’s net revenues in one or more of the periods presented) approximated 10% 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% of the Company’s total accounts receivable balance at September 30, 2018 and March 31, 2018. 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	6 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	7. 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 September 30, 2018, 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 2014. 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, The changes included in the Tax Act are broad and complex. The final transition impacts of the Tax Act may differ from estimates, 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 Securities 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. The Company made an estimate at March 31, 2018 on the impact of the Tax Act. During the second quarter ended September 30, 2018 the Company recorded a provisional discrete net tax benefit of $328 related to an adjustment of the estimated net deferred tax benefit due to the rate change. 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 September 30, 2018 and March 31, 2018, the Company had liabilities of $5,670 and $7,038, respectively, recorded for unrecognized tax benefits for U.S. federal, state and foreign tax jurisdictions. During the three months ended September 30, 2018 and 2017, the Company recognized $(1,312) and $117, respectively, of interest and penalties in income tax expense in the condensed consolidated statements of income. During the six months ended September 30, 2018 and 2017, the Company recognized $(1,174) and $62, 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 September 30, 2018 and March 31, 2018 was $1,724 and $2,641, 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 six months ended September 30, 2018, the Company released $3,063 and $3,063, respectively, of reserves, including interest and penalties, related to uncertain tax positions for which the statutes of limitations have lapsed. The Company believes that it is reasonably possible that $1,625 of unrecognized tax benefits as of September 30, 2018 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 $5,118.

Risk Management Activities and

Risk Management Activities and Financial Instruments	6 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Risk Management Activities and Financial Instruments	8. 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. In conjunction with entering into the Credit Agreement (see Note 5), the Company entered into two spot non-amortizing non-amortizing Upon inception, the Swaps were designated as cash flow hedges under ASU 2017-12, 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. 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 six months ended September 30, 2018 and 2017, certain of 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 consolidated statements of income. The Company periodically enters into foreign exchange forward contracts to fix the purchase price in U.S. Dollars of a foreign currency denominated firm commitment to purchase presses. Certain of these 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. In June 2018, the Company entered into foreign exchange forward contracts to fix the purchase price in U.S. Dollars of foreign currency denominated raw materials. These forward contracts are designated as cash flow hedges with gains and losses, net of tax, measured on an ongoing basis, recorded in AOCI. 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 as an accounting hedge in September 2017. Therefore, changes in fair value of the derivative instruments were recognized in other income and expense in the consolidated statements of income. 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 September 30, 2018 March 31, 2018 Assets: Cross currency swaps (Net investment hedges) Other current assets $ 4,808 $ 4,295 Interest rate swaps (Cash flow hedges) Other current assets 1,532 920 Foreign exchange forward contracts (Fair value hedges) Other current assets — 127 Foreign exchange forward contracts (Cash flow hedges) Other current assets 5 — Interest rate swaps (Cash flow hedges) Other long-term assets 7,779 4,956 Liabilities: Interest rate swaps (Cash flow hedges) Other current liabilities $ 10 $ — Foreign exchange forward contracts (Fair value hedges) Other current liabilities 44 190 Foreign exchange forward contracts (Cash flow hedges) Other current liabilities 536 — Cross currency swaps (Net investment hedges) Other long-term liabilities 28,108 50,019 Fair Value Derivatives Not Designated as Hedging Instruments Balance Sheet Location September 30, 2018 March 31, 2018 Assets: Foreign exchange forward contracts Other current assets $ 187 $ — Liabilities: Foreign exchange forward contracts Other current liabilities $ 27 $ 127 The amounts of gains and (losses) recognized in AOCI net of reclassifications into earnings, during the three and six months ended September 30, 2018 and 2017 are as follows: Three Months Ended Six Months Ended Derivatives Designated as Hedging Instruments September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Cross currency swaps (Net investment hedges) (1) $ 821 $ (4,556 ) $ 16,463 $ (4,556 ) Interest rate swaps 1,341 — 2,571 — Foreign exchange forward contracts (642 ) — (756 ) — (1) The net gain of $16,463 recognized in OCI on the cross currency swaps in a net investment hedge as of September 30, 2018 is comprised of an excluded component loss of $(6,105) and an undiscounted spot gain of $28,040, net of tax of $(5,472). The amounts of gains and (losses) reclassified from AOCI into earnings for the three and six months ended September 30, 2018 and 2017 are as follows: Three Months Ended Six Months Ended Derivatives Designated as Hedging Instruments September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Cross currency swaps (1) $ 2,407 $ — $ 4,732 $ — Interest rate swaps (2) 394 — 665 — Foreign exchange forward contracts (2) (171 ) — (171 ) — (1) The Company had a $2,407 and $4,732 excluded component gain in AOCI which was recognized into income during the three and six months ended September 30, 2018, respectively. (2) During the next 12 months, $989 of net gains included in the September 30, 2018 AOCI balance are expected to be reclassified into interest expense. The amounts of gains and (losses) included in earnings from qualifying and non-qualifying Three Months Ended Six Months Ended Derivatives Not Designated as Hedging Instruments Statement of Income Location September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Foreign currency contract-Constantia purchase price Other income (expense), net $ — $ 8,822 $ — $ 8,822 Foreign currency contracts-Other Other income (expense), net 1,201 (83 ) 6,233 284 Gain (loss) on underlying hedged items Other income (expense), net (263 ) 100 (5,227 ) (275 ) Cross currency swaps Interest expense 246 (5,811 ) 489 (5,811 ) Three Months Ended Six Months Ended Derivatives Designated as Hedging Instruments Statement of Income Location September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Foreign exchange forward contracts (Fair value hedges) Other income (expense), net $ 32 $ — $ 198 $ — Gain (loss) on underlying hedged itesm Other income (expense), net (32 ) — (198 ) —

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	6 Months Ended
	Sep. 30, 2018
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	9. Accrued Expenses and Other Liabilities The Company’s accrued expenses and other liabilities consisted of the following: September 30, 2018 March 31, 2018 Accrued payroll and benefits $ 43,988 $ 45,418 Accrued income taxes 6,844 13,838 Professional fees 1,654 1,965 Accrued taxes other than income taxes 3,647 4,682 Accrued interest 14,027 16,480 Customer rebates 5,065 2,578 Exit and disposal costs related to facility closures 47 457 Deferred payments 9,231 9,735 Deferred revenue 12,133 11,887 Derivative liabilities 617 317 Other 11,975 6,665 Total accrued expenses and other liabilities $ 109,228 $ 114,022

Acquisitions

Acquisitions	6 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Acquisitions	10. Acquisitions 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 24 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 purchase price for Constantia Labels consisted of the following: Cash from proceeds of borrowings $ 1,048,656 MCC common stock issued 237,820 Deferred payments 3,901 Contingent consideration 9,026 Purchase price, before cash acquired 1,299,403 Net cash acquired (10,118 ) Total purchase price $ 1,289,285 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 Credit Agreement (see Note 5). The purchase price included deferred payments with a total fair value of $3,901, estimated as of the acquisition date, of which $807 was paid during the three months ended June 30, 2018 with the remaining 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 $9,026, 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 $49,725 of cash acquired less $39,607 of assumed bank debt and capital leases. The Company spent $17,379 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, $11,299 in the third quarter of fiscal 2018, $632 in the fourth quarter of fiscal 2018, $1,246 in the first quarter of fiscal 2019, and a credit of $(105) in the second quarter of fiscal 2019. 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 Labels Assets Acquired: Net cash acquired $ 10,118 Accounts receivable 117,399 Inventories 82,525 Property, plant and equipment 250,943 Intangible assets 432,400 Goodwill 675,707 Other assets 16,945 Total assets acquired 1,586,037 Liabilities Assumed: Accounts payable 93,335 Accrued income taxes payable 8,014 Accrued expenses and other liabilities 39,651 Deferred tax liabilities 143,334 Total liabilities assumed 284,334 Net assets acquired 1,301,703 Noncontrolling interests (2,300 ) Net assets acquired attributable to Multi-Color Corporation $ 1,299,403 The liabilities assumed in the Constantia Labels acquisition included a contingent liability of $9,671, estimated as of the acquisition date based on the Company’s best estimate. The contingent liability, payable to the pre-Constantia The fair value of the noncontrolling interests for Constantia Labels was 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. During the second quarter of fiscal 2019, the Company increased its valuation of the noncontrolling interests for Constantia Labels by $1,200. During the second quarter of fiscal 2019, goodwill decreased by $31,917 related to measurement period adjustments for the Constantia Labels acquisition. The measurement period adjustments primarily consisted of increases of $34,222, $22,400, $14,807 and $5,997 to the valuation of property, plant and equipment, intangible assets, deferred tax liabilities and capital leases, respectively. During the second quarter of fiscal 2019, a $(5,769) credit to depreciation expense and $1,456 of amortization expense were recognized that would have been recognized in previous periods if the adjustments to provisional amounts were recognized as of the Constantia Labels acquisition date of October 31, 2017. We recognized income of $(1,594), $(1,550) and $(1,169) that would have been recognized in the third quarter of fiscal 2018, fourth quarter of fiscal 2018 and first quarter of fiscal 2019, respectively, if the adjustments to provisional amounts were recognized as of the acquisition date. During the first quarter of fiscal 2019, goodwill increased by $291 related to measurement period adjustments for the Constantia Labels acquisition. The measurement period adjustments primarily consisted of a $2,538 and $261 increase in the valuation of other assets and accrued expenses, respectively, offset by a $2,507 and $151 decrease in the valuation of inventory and property, plant and equipment, respectively. The estimated fair value of identifiable intangible assets acquired and their estimated useful lives are as follows: Constantia Labels Fair Useful Customer relationships $ 407,300 19 years Technology 20,700 4 years Trade name 4,400 4 years Total identifiable intangible assets $ 432,400 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 acquisition is 18 years. 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. Goodwill arising from the Constantia Labels acquisition is not deductible for income tax purposes. The accounts receivable acquired as part of the Constantia Labels acquisition had a fair value of $117,399 at the acquisition date. The gross contractual value of the receivables prior to any adjustments was $119,883 and the estimated contractual cash flows that are not expected to be collected are $2,484. Pro Forma Information The following table provides the unaudited pro forma results of operations for the three and six months ended September 30, 2017 as if Constantia Labels had been acquired as of the beginning of fiscal year 2018. 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 date indicated or that may result in the future. Three Months Ended Six Months Ended September 30, 2017 September 30, 2017 Net revenues $ 435,146 $ 857,913 Net income attributable to Multi-Color 17,759 39,739 Diluted earnings per share 0.86 1.93 The following is a reconciliation of actual net revenues and net income attributable to Multi-Color Corporation to unaudited pro forma net revenues and net income: Three Months Ended Six Months Ended September 30, 2017 September 30, 2017 Net revenues Net income Multi-Color Net revenues Net income Multi-Color Multi-Color Corporation actual results $ 256,034 $ 15,190 $ 498,474 $ 29,296 Constantia Labels actual results (1) 179,112 8,058 359,439 23,941 Pro forma adjustments — (5,489 ) — (13,498 ) Pro forma results $ 435,146 $ 17,759 $ 857,913 $ 39,739 (1) Constantia Labels actual results include the six months pre-acquisition The following table identifies the unaudited pro forma adjustments: Three Months Ended Six Months Ended September 30, 2017 September 30, 2017 Constantia Labels financing costs $ 4,261 $ 8,454 Acquisition transaction costs 3,545 4,289 Incremental depreciation and amortization costs (3,381 ) (7,469 ) Incremental interest costs (12,380 ) (24,836 ) Tax effect of adjustments 2,466 6,064 Pro forma adjustments $ (5,489 ) $ (13,498 ) 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 was used to repay the indebtedness of TP Label Limited and Tanzania Printers during the three months ended March 31, 2018. The purchase price also included 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 cut and stack label business, serving customers in the food and beverage market. The determination of the final purchase price allocation to specific assets acquired and liabilities assumed is incomplete for 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 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 $5,228. 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 a deferred payment of $208 that was paid during the three months ended March 31, 2018. The Company acquired 30% of GIP as part of the Barat acquisition in fiscal 2016. Immediately prior to obtaining a controlling interest in GIP, the Company recognized a gain of $690 as a result of re-measuring 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 was paid in the three months ended September 30, 2018. Italstereo is located near Lucca, Italy and specializes in producing pressure sensitive adhesive resin coated labels, seals and emblems. The results of operations of the acquisitions described above within this “Other Acquisition 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. 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 expense in the consolidated statements of income.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Accumulated Other Comprehensive Loss	11. Accumulated Other Comprehensive Loss The changes in the Company’s accumulated other comprehensive loss by component consisted of the following: Foreign Gains and (losses) Defined benefit currency on derivative pension items contracts items Total Balance at March 31, 2018 $ 6,335 $ (25,408 ) $ (168 ) $ (19,241 ) OCI before reclassifications (92,657 ) 22,157 — (70,500 ) Amounts reclassified from AOCI — (3,879 ) — (3,879 ) Net current period OCI (92,657 ) 18,278 — (74,379 ) ASU 2018-02 (244 ) (1,506 ) (1,750 ) Balance at September 30, 2018 $ (86,566 ) $ (8,636 ) $ (168 ) $ (95,370 ) Reclassifications out of accumulated other comprehensive loss consisted of the following: Three Months Ended Six Months Ended September 30, 2018 September 30, 2018 Cross currency swaps (1) $ (2,407 ) $ (4,732 ) Interest rate swaps (1) (394 ) (665 ) Foreign exchange forward contracts (2) 171 171 Tax 699 1,347 Net of tax $ (1,931 ) $ (3,879 ) (1) Reclassified from AOCI into interest expense in the condensed consolidated statements of income. See Note 8. (2) Reclassified from AOCI into cost of revenues in the condensed consolidated statements of income. See Note 8.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	12. Goodwill and Intangible Assets The changes in the Company’s goodwill consisted of the following: Balance at March 31, 2018: Goodwill, gross $ 1,210,179 Accumulated impairment losses (13,545 ) Goodwill, net 1,196,634 Activity during the year: Adjustments to prior year acquisitions (32,333 ) Currency translation (65,516 ) Balance at September 30, 2018: Goodwill, gross 1,111,217 Accumulated impairment losses (12,432 ) Goodwill, net $ 1,098,785 The Company’s intangible assets consisted of the following: September 30, 2018 March 31, 2018 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Customer relationships $ 657,212 $ (103,734 ) $ 553,478 $ 648,273 $ (87,560 ) $ 560,713 Technologies 22,254 (6,175 ) 16,079 21,721 (3,586 ) 18,135 Trademarks 4,521 (1,138 ) 3,383 99 (66 ) 33 Non-compete 3,836 (2,729 ) 1,107 3,880 (2,528 ) 1,352 Total $ 687,823 $ (113,776 ) $ 574,047 $ 673,973 $ (93,740 ) $ 580,233 The amortization expense of intangible assets for the three months ended September 30, 2018 and 2017 was $12,253 and $3,831, respectively. The amortization expense of intangible assets for the six months ended September 30, 2018 and 2017 was $22,663 and $7,435, respectively.

Facility Closures

Facility Closures	6 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Facility Closures	13. 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 Six Months Ended Severance and other termination benefits $ 703 $ — $ — $ 703 Other associated costs 500-750 66 93 440 Other associated costs primarily consist of costs to dismantle, transport and reassemble manufacturing equipment that was moved to other manufacturing facilities, and ongoing costs related to the leased facility until expiration or early termination of the related lease agreement. 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 Amounts Balance at Severance and other termination benefits $ 457 — (410 ) $ 47 Other associated costs — 93 (93 ) — During the three months ended September 30, 2018, the Company recorded a non-cash The cumulative costs incurred in conjunction with the closure as of September 30, 2018 are $1,256, which were recorded in facility closure expenses in the condensed consolidated statements of income. The cumulative costs incurred include the exit and disposal and fixed asset disposal costs above as well as $125 in non-cash 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 Six Months Ended Severance and other termination benefits $ 106 $ 72 $ 106 $ 106 Other associated costs 23 23 23 23 Other associated costs primarily consist of costs to dismantle, transport and reassemble manufacturing equipment that was moved to other manufacturing facilities. The cumulative costs incurred in conjunction with the closure as of September 30, 2018 are $260, 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 wrote-off

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. 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	6 Months Ended
	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Disclosures	15. Supplemental Cash Flow Disclosures Supplemental disclosures with respect to cash flow information and non-cash Six Months Ended September 30, 2018 September 30, 2017 Supplemental Disclosures of Cash Flow Information: Interest paid $ 42,332 $ 12,027 Income taxes paid, net of refunds 15,733 17,413 Supplemental Disclosures of Non-Cash Capital expenditures incurred but not yet paid $ 5,095 $ 2,354 Capital lease obligations incurred 1,771 — Change in derivative contract fair value - asset position 4,013 13,473 Change in derivative contract fair value - liability position 21,611 (17,876 ) Business combinations accounted for as a purchase: Assets acquired (excluding cash) $ 22,244 $ 40,425 Liabilities assumed (21,044 ) (19,042 ) Noncontrolling interests (1,200 ) — Net cash paid $ — $ 21,383

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events On October 16, 2018, the Company amended the terms of its $496,250 Term Loan B Facility provided pursuant to the terms and conditions of its Credit Agreement to lower the applicable margin payable on LIBOR indexed loans thereunder from 225 bps to 200 bps. The reduction of the applicable margin on the Term Loan B Facility is expected to result in an annual interest savings of $1,200 over the remaining life of the Term Loan B Facility. The maturity date for the Term Loan B Facility remains October 31, 2024 and all other material provisions of the Credit Agreement remain unchanged. The Company paid $650 in arrangement fees in conjunction with the amendment.

Description of Business and S_2

Description of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [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 the North American, Latin American, EMEA (Europe, Middle East and Africa) and Asia Pacific regions with a comprehensive range of the latest label technologies in Pressure Sensitive, 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 the first quarter of fiscal 2019, we adopted Accounting Standards Update (“ASU”) 2014-09, In February 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-02, 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 February 2016, the FASB issued ASU 2016-02, right-of-use No other new accounting pronouncement issued or effective during the six months ended September 30, 2018 had or is expected to have a material impact on the condensed consolidated financial statements.
Supply Chain Financing	Supply Chain Financing The Company has entered into supply chain financing agreements with certain customers and factoring arrangements with certain banks. 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 $484 and $230 were recorded for the three months ended September 30, 2018 and 2017, respectively, and losses of $994 and $465 were recorded for the six months ended September 30, 2018 and 2017, respectively.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Sep. 30, 2018
Summary of Condensed Consolidated Statement of Income and Condensed Consolidated Balance sheet as If ASU 2014-09 Has Not Been Adopted and Adjustment Required Upon Adoption of ASU 2014-09	The following table summarizes the September 30, 2018 condensed consolidated statement of income and condensed consolidated balance sheet as if ASU 2014-09 2014-09. Three Months Ended September 30, 2018 As Reported Adjustments Previous Standard Condensed Consolidated Statement of Income: Net revenues $ 434,913 $ 543 $ 435,456 Cost of revenues 348,128 440 348,568 Gross profit 86,785 103 86,888 Selling, general and administrative expenses 39,191 11 39,202 Operating income 47,480 92 47,572 Income tax expense 3,125 22 3,147 Net income 23,805 70 23,875 Six Months Ended September 30, 2018 As Reported Adjustments Previous Standard Condensed Consolidated Statement of Income: Net revenues $ 891,044 $ (415 ) $ 890,629 Cost of revenues 716,249 (336 ) 715,913 Gross profit 174,795 (79 ) 174,716 Selling, general and administrative expenses 81,959 (8 ) 81,951 Operating income 92,695 (71 ) 92,624 Income tax expense 10,005 (19 ) 9,986 Net income 41,897 (52 ) 41,845 As of September 30, 2018 As Reported Adjustments Previous Standard Condensed Consolidated Balance Sheet: Assets: Accounts receivable, net $ 292,968 $ (261 ) $ 292,707 Inventories, net 136,765 18,587 155,352 Other current assets 45,934 (21,933 ) 24,001 Liabilities and Stockholders’ Equity: Accrued expenses and other liabilities $ 109,228 $ 294 $ 109,522 Deferred income tax liabilities 165,535 (1,144 ) 164,391 Accumulated other comprehensive loss (95,370 ) (4 ) (95,374 ) Retained earnings 428,962 (2,753 ) 426,209
Summary of Net Contract Assets and Liabilities	Contract liabilities are recorded for expected shipping and handling charges for revenue recognized from over-time customers and billings to customers for prepress items to be utilized in the fulfilment and completion of labels that have not yet been fully utilized in the production process. Balance sheet location September 30, 2018 April 1, 2018 Contract assets Other current assets $ 33,803 $ 31,001 Contract liabilities Accrued expenses and other liabilities (8,529 ) (7,442 ) Net contract assets and liabilities $ 25,274 $ 23,559
Summary of Net Revenues Disaggregated by Region and Timing of Revenue Recognition	The following table presents our net revenues disaggregated by region and timing of revenue recognition for the three and six months ended September 30, 2018. Three Months Ended September 30, 2018 Six Months Ended September 30, 2018 Point-in-time Over-time Point-in-time Over-time North America $ 136,651 $ 58,657 $ 285,415 $ 116,722 Europe 168,744 921 349,019 1,974 Asia Pacific and Africa 62,696 1,261 123,528 1,996 South America 5,983 — 12,390 — Total $ 374,074 $ 60,839 $ 770,352 $ 120,692
Accounting Standards Update 2014-09
Summary of Condensed Consolidated Statement of Income and Condensed Consolidated Balance sheet as If ASU 2014-09 Has Not Been Adopted and Adjustment Required Upon Adoption of ASU 2014-09	Adjustments due to ASU 2014-09 Balance at Adjustments Balance at Assets: Accounts receivable, net $ 306,542 $ 253 $ 306,795 Inventories, net 167,950 (18,286 ) 149,664 Other current assets 17,468 21,657 39,125 Liabilities and Stockholders’ Equity: Accrued expenses and other liabilities $ 114,022 $ (215 ) $ 113,807 Deferred income tax liabilities 149,950 1,125 151,075 Accumulated other comprehensive loss (19,241 ) 13 (19,228 ) Retained earnings 384,671 2,701 387,372

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Sep. 30, 2018
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 Six Months Ended September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Per Share Per Share Per Share Per Share Shares Amount Shares Amount Shares Amount Shares Amount Basic EPS 20,464 $ 1.16 17,015 $ 0.89 20,453 $ 2.05 16,983 $ 1.73 Effect of dilutive securities 88 — 162 (0.01 ) 97 (0.01 ) 185 (0.02 ) Diluted EPS 20,552 $ 1.16 17,177 $ 0.88 20,550 $ 2.04 17,168 $ 1.71

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventories	The Company’s inventories consisted of the following: September 30, 2018 March 31, 2018 Finished goods $ 57,511 $ 80,845 Work-in-process 18,129 21,156 Raw materials 61,125 65,949 Total inventories, net $ 136,765 $ 167,950

Debt (Tables)

Debt (Tables)	6 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Components of Debt	The components of the Company’s debt consisted of the following: September 30, 2018 March 31, 2018 Unamortized Debt Less Unamortized Debt Less Debt Issuance Unamortized Debt Debt Issuance Unamortized Debt Principal Costs Issuance Costs Principal Costs Issuance Costs 6.125% Senior Notes (1) $ 250,000 $ (2,810 ) $ 247,190 $ 250,000 $ (3,148 ) $ 246,852 4.875% Senior Notes (1) 600,000 (9,059 ) 590,941 600,000 (9,699 ) 590,301 Credit Agreement Term Loan A Facility (2) 144,375 (3,561 ) 140,814 148,125 (3,996 ) 144,129 Term Loan B Facility (3) 496,250 (5,803 ) 490,447 498,750 (6,280 ) 492,470 U.S. Revolving Credit Facility (4) 22,000 (4,848 ) 17,152 56,945 (5,442 ) 51,503 Australian Revolving Sub-Facility 32,878 (539 ) 32,339 33,033 (605 ) 32,428 Capital leases 40,332 — 40,332 36,288 — 36,288 Other subsidiary debt 6,904 — 6,904 4,714 — 4,714 Total debt 1,592,739 (26,620 ) 1,566,119 1,627,855 (29,170 ) 1,598,685 Less current portion of debt (23,773 ) — (23,773 ) (20,864 ) — (20,864 ) Total long-term debt $ 1,568,966 $ (26,620 ) $ 1,542,346 $ 1,606,991 $ (29,170 ) $ 1,577,821 (1) The 6.125% Senior Notes are due on December 1, 2022. The 4.875% Senior Notes are due on November 1, 2025. (2) 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) 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
Schedule of Future Annual Principal Payments	The following is a schedule of future annual principal payments as of September 30, 2018: Debt Capital Leases Total October 2018 - September 2019 $ 18,985 $ 4,788 $ 23,773 October 2019 - September 2020 15,473 4,128 19,601 October 2020 - September 2021 19,205 3,743 22,948 October 2021 - September 2022 25,733 2,879 28,612 October 2022 - September 2023 401,761 2,930 404,691 Thereafter 1,071,250 21,864 1,093,114 Total $ 1,552,407 $ 40,332 $ 1,592,739
Schedule of Weighted Average Interest Rates	The weighted average interest rates on the Company’s borrowings are as follows: September 30, 2018 March 31, 2018 Term Loan A Facility 4.24 % 4.13 % Term Loan B Facility 4.49 % 4.13 % U.S. Revolving Credit Facility 4.15 % 4.42 % Australian Revolving Sub-Facility 3.93 % 4.13 %
Net Minimum Payments on Capitalized Leases	The present value of the net minimum payments on the capitalized leases is as follows: September 30, 2018 March 31, 2018 Total minimum lease payments $ 49,968 $ 49,521 Less amount representing interest (9,636 ) (13,233 ) Present value of net minimum lease payments 40,332 36,288 Current portion (4,788 ) (4,191 ) Capitalized lease obligations, less current portion $ 35,544 $ 32,097

Risk Management Activities an_2

Risk Management Activities and Financial Instruments (Tables)	6 Months Ended
	Sep. 30, 2018
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 September 30, 2018 March 31, 2018 Assets: Cross currency swaps (Net investment hedges) Other current assets $ 4,808 $ 4,295 Interest rate swaps (Cash flow hedges) Other current assets 1,532 920 Foreign exchange forward contracts (Fair value hedges) Other current assets — 127 Foreign exchange forward contracts (Cash flow hedges) Other current assets 5 — Interest rate swaps (Cash flow hedges) Other long-term assets 7,779 4,956 Liabilities: Interest rate swaps (Cash flow hedges) Other current liabilities $ 10 $ — Foreign exchange forward contracts (Fair value hedges) Other current liabilities 44 190 Foreign exchange forward contracts (Cash flow hedges) Other current liabilities 536 — Cross currency swaps (Net investment hedges) Other long-term liabilities 28,108 50,019 Fair Value Derivatives Not Designated as Hedging Instruments Balance Sheet Location September 30, 2018 March 31, 2018 Assets: Foreign exchange forward contracts Other current assets $ 187 $ — Liabilities: Foreign exchange forward contracts Other current liabilities $ 27 $ 127
Amounts of Gains and (Losses) Recognized in AOCI Net of Reclassifications Into Earnings	The amounts of gains and (losses) recognized in AOCI net of reclassifications into earnings, during the three and six months ended September 30, 2018 and 2017 are as follows: Three Months Ended Six Months Ended Derivatives Designated as Hedging Instruments September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Cross currency swaps (Net investment hedges) (1) $ 821 $ (4,556 ) $ 16,463 $ (4,556 ) Interest rate swaps 1,341 — 2,571 — Foreign exchange forward contracts (642 ) — (756 ) — (1) The net gain of $16,463 recognized in OCI on the cross currency swaps in a net investment hedge as of September 30, 2018 is comprised of an excluded component loss of $(6,105) and an undiscounted spot gain of $28,040, net of tax of $(5,472).
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 six months ended September 30, 2018 and 2017 are as follows: Three Months Ended Six Months Ended Derivatives Designated as Hedging Instruments September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Cross currency swaps (1) $ 2,407 $ — $ 4,732 $ — Interest rate swaps (2) 394 — 665 — Foreign exchange forward contracts (2) (171 ) — (171 ) — (1) The Company had a $2,407 and $4,732 excluded component gain in AOCI which was recognized into income during the three and six months ended September 30, 2018, respectively. (2) During the next 12 months, $989 of net gains included in the September 30, 2018 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 qualifying and non-qualifying Three Months Ended Six Months Ended Derivatives Not Designated as Hedging Instruments Statement of Income Location September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Foreign currency contract-Constantia purchase price Other income (expense), net $ — $ 8,822 $ — $ 8,822 Foreign currency contracts-Other Other income (expense), net 1,201 (83 ) 6,233 284 Gain (loss) on underlying hedged items Other income (expense), net (263 ) 100 (5,227 ) (275 ) Cross currency swaps Interest expense 246 (5,811 ) 489 (5,811 ) Three Months Ended Six Months Ended Derivatives Designated as Hedging Instruments Statement of Income Location September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Foreign exchange forward contracts (Fair value hedges) Other income (expense), net $ 32 $ — $ 198 $ — Gain (loss) on underlying hedged itesm Other income (expense), net (32 ) — (198 ) —

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	6 Months Ended
	Sep. 30, 2018
Payables and Accruals [Abstract]
Summary of Accrued Expenses and Other Liabilities	The Company’s accrued expenses and other liabilities consisted of the following: September 30, 2018 March 31, 2018 Accrued payroll and benefits $ 43,988 $ 45,418 Accrued income taxes 6,844 13,838 Professional fees 1,654 1,965 Accrued taxes other than income taxes 3,647 4,682 Accrued interest 14,027 16,480 Customer rebates 5,065 2,578 Exit and disposal costs related to facility closures 47 457 Deferred payments 9,231 9,735 Deferred revenue 12,133 11,887 Derivative liabilities 617 317 Other 11,975 6,665 Total accrued expenses and other liabilities $ 109,228 $ 114,022

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Sep. 30, 2018
Purchase Price Allocation	Based on fair value estimates, the purchase price for Constantia Labels has been allocated to individual assets acquired and liabilities assumed as follows: Constantia Labels Assets Acquired: Net cash acquired $ 10,118 Accounts receivable 117,399 Inventories 82,525 Property, plant and equipment 250,943 Intangible assets 432,400 Goodwill 675,707 Other assets 16,945 Total assets acquired 1,586,037 Liabilities Assumed: Accounts payable 93,335 Accrued income taxes payable 8,014 Accrued expenses and other liabilities 39,651 Deferred tax liabilities 143,334 Total liabilities assumed 284,334 Net assets acquired 1,301,703 Noncontrolling interests (2,300 ) Net assets acquired attributable to Multi-Color Corporation $ 1,299,403
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 Fair Useful Customer relationships $ 407,300 19 years Technology 20,700 4 years Trade name 4,400 4 years Total identifiable intangible assets $ 432,400
Schedule of Pro Forma Information	The following table provides the unaudited pro forma results of operations for the three and six months ended September 30, 2017 as if Constantia Labels had been acquired as of the beginning of fiscal year 2018. 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 date indicated or that may result in the future. Three Months Ended Six Months Ended September 30, 2017 September 30, 2017 Net revenues $ 435,146 $ 857,913 Net income attributable to Multi-Color 17,759 39,739 Diluted earnings per share 0.86 1.93
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 unaudited pro forma net revenues and net income: Three Months Ended Six Months Ended September 30, 2017 September 30, 2017 Net revenues Net income Multi-Color Net revenues Net income Multi-Color Multi-Color Corporation actual results $ 256,034 $ 15,190 $ 498,474 $ 29,296 Constantia Labels actual results (1) 179,112 8,058 359,439 23,941 Pro forma adjustments — (5,489 ) — (13,498 ) Pro forma results $ 435,146 $ 17,759 $ 857,913 $ 39,739 (1) Constantia Labels actual results include the six months pre-acquisition
Pro Forma Adjustments	The following table identifies the unaudited pro forma adjustments: Three Months Ended Six Months Ended September 30, 2017 September 30, 2017 Constantia Labels financing costs $ 4,261 $ 8,454 Acquisition transaction costs 3,545 4,289 Incremental depreciation and amortization costs (3,381 ) (7,469 ) Incremental interest costs (12,380 ) (24,836 ) Tax effect of adjustments 2,466 6,064 Pro forma adjustments $ (5,489 ) $ (13,498 )
Constantia Labels
Purchase Price	The purchase price for Constantia Labels consisted of the following: Cash from proceeds of borrowings $ 1,048,656 MCC common stock issued 237,820 Deferred payments 3,901 Contingent consideration 9,026 Purchase price, before cash acquired 1,299,403 Net cash acquired (10,118 ) Total purchase price $ 1,289,285

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Sep. 30, 2018
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) Defined benefit currency on derivative pension items contracts items Total Balance at March 31, 2018 $ 6,335 $ (25,408 ) $ (168 ) $ (19,241 ) OCI before reclassifications (92,657 ) 22,157 — (70,500 ) Amounts reclassified from AOCI — (3,879 ) — (3,879 ) Net current period OCI (92,657 ) 18,278 — (74,379 ) ASU 2018-02 (244 ) (1,506 ) (1,750 ) Balance at September 30, 2018 $ (86,566 ) $ (8,636 ) $ (168 ) $ (95,370 )
Schedule of (Gains) and Losses Reclassified from AOCI	Reclassifications out of accumulated other comprehensive loss consisted of the following: Three Months Ended Six Months Ended September 30, 2018 September 30, 2018 Cross currency swaps (1) $ (2,407 ) $ (4,732 ) Interest rate swaps (1) (394 ) (665 ) Foreign exchange forward contracts (2) 171 171 Tax 699 1,347 Net of tax $ (1,931 ) $ (3,879 ) (1) Reclassified from AOCI into interest expense in the condensed consolidated statements of income. See Note 8. (2) Reclassified from AOCI into cost of revenues in the condensed consolidated statements of income. See Note 8.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	The changes in the Company’s goodwill consisted of the following: Balance at March 31, 2018: Goodwill, gross $ 1,210,179 Accumulated impairment losses (13,545 ) Goodwill, net 1,196,634 Activity during the year: Adjustments to prior year acquisitions (32,333 ) Currency translation (65,516 ) Balance at September 30, 2018: Goodwill, gross 1,111,217 Accumulated impairment losses (12,432 ) Goodwill, net $ 1,098,785
Intangible Assets	The Company’s intangible assets consisted of the following: September 30, 2018 March 31, 2018 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Customer relationships $ 657,212 $ (103,734 ) $ 553,478 $ 648,273 $ (87,560 ) $ 560,713 Technologies 22,254 (6,175 ) 16,079 21,721 (3,586 ) 18,135 Trademarks 4,521 (1,138 ) 3,383 99 (66 ) 33 Non-compete 3,836 (2,729 ) 1,107 3,880 (2,528 ) 1,352 Total $ 687,823 $ (113,776 ) $ 574,047 $ 673,973 $ (93,740 ) $ 580,233

Facility Closures (Tables)

Facility Closures (Tables)	6 Months Ended
	Sep. 30, 2018
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 Six Months Ended Severance and other termination benefits $ 703 $ — $ — $ 703 Other associated costs 500-750 66 93 440
Reconciliation of the Beginning and Ending Liability Balances Related to the Contractual Termination Benefits and 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 Amounts Balance at Severance and other termination benefits $ 457 — (410 ) $ 47 Other associated costs — 93 (93 ) —
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 Six Months Ended Severance and other termination benefits $ 106 $ 72 $ 106 $ 106 Other associated costs 23 23 23 23

Supplemental Cash Flow Disclo_2

Supplemental Cash Flow Disclosures (Tables)	6 Months Ended
	Sep. 30, 2018
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 Six Months Ended September 30, 2018 September 30, 2017 Supplemental Disclosures of Cash Flow Information: Interest paid $ 42,332 $ 12,027 Income taxes paid, net of refunds 15,733 17,413 Supplemental Disclosures of Non-Cash Capital expenditures incurred but not yet paid $ 5,095 $ 2,354 Capital lease obligations incurred 1,771 — Change in derivative contract fair value - asset position 4,013 13,473 Change in derivative contract fair value - liability position 21,611 (17,876 ) Business combinations accounted for as a purchase: Assets acquired (excluding cash) $ 22,244 $ 40,425 Liabilities assumed (21,044 ) (19,042 ) Noncontrolling interests (1,200 ) — Net cash paid $ — $ 21,383

Description of Business and S_3

Description of Business and Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Retained Earnings
Summary Of Significant Accounting Policy [Line Items]
ASU 2018-02 reclassification of stranded tax effects	$ 1,750		$ 1,750
Accumulated Other Comprehensive Loss
Summary Of Significant Accounting Policy [Line Items]
ASU 2018-02 reclassification of stranded tax effects	(1,750)		(1,750)
Selling, General and Administrative Expenses
Summary Of Significant Accounting Policy [Line Items]
Losses on sale of receivables	$ 484	$ 230	$ 994	$ 465

Revenue Recognition - Summary o

Revenue Recognition - Summary of Changes on Condensed Consolidated Balance Sheet due to Adoption of ASU 2014-09 (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Apr. 01, 2018	Mar. 31, 2018
Assets:
Accounts receivable, net	$ 292,968		$ 306,542
Inventories, net	136,765		167,950
Other current assets	45,934		17,468
Liabilities and Stockholders' Equity:
Accrued expenses and other liabilities	109,228		114,022
Deferred income tax liabilities	165,535		149,950
Accumulated other comprehensive loss	(95,370)		(19,241)
Retained earnings	428,962		$ 384,671
Adjustments | Accounting Standards Update 2014-09
Assets:
Accounts receivable, net	(261)	$ 253
Inventories, net	18,587	(18,286)
Other current assets	(21,933)	21,657
Liabilities and Stockholders' Equity:
Accrued expenses and other liabilities	294	(215)
Deferred income tax liabilities	(1,144)	1,125
Accumulated other comprehensive loss	(4)	13
Retained earnings	(2,753)	2,701
Calculated under Revenue Guidance in Effect before Topic 606 | Accounting Standards Update 2014-09
Assets:
Accounts receivable, net	292,707	306,795
Inventories, net	155,352	149,664
Other current assets	24,001	39,125
Liabilities and Stockholders' Equity:
Accrued expenses and other liabilities	109,522	113,807
Deferred income tax liabilities	164,391	151,075
Accumulated other comprehensive loss	(95,374)	(19,228)
Retained earnings	$ 426,209	$ 387,372

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Mar. 31, 2018
Other Revenues [Line Items]
Contract with customer, liability, revenue recognized	$ 4,704	$ 7,442	$ 8,529
Minimum | Accounting Standards Update 2014-09
Other Revenues [Line Items]
Customer payment terms		30 days
Maximum | Accounting Standards Update 2014-09
Other Revenues [Line Items]
Customer payment terms		90 days

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Net Contract Assets and Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Apr. 01, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net contract assets and liabilities	$ 25,274	$ 23,559
Other current assets
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	33,803	31,001
Accrued Expenses and Other Liabilities
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ (8,529)	$ (7,442)

Revenue Recognition - Summary_3

Revenue Recognition - Summary of Condensed Consolidated Statement of Income as if ASU 2014-09 Has Not Been Adopted and Adjustment Required Upon Adoption of ASU 2014-09 (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net revenues	$ 434,913	$ 256,034	$ 891,044	$ 498,474
Cost of revenues	348,128	204,260	716,249	397,243
Gross profit	86,785	51,774	174,795	101,231
Selling, general and administrative expenses	39,191	25,200	81,959	48,789
Operating income	47,480	26,479	92,695	52,313
Income tax expense	3,125	7,296	10,005	11,454
Net income	23,805	$ 15,190	41,897	$ 29,332
Accounting Standards Update 2014-09 | Adjustments
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net revenues	543		(415)
Cost of revenues	440		(336)
Gross profit	103		(79)
Selling, general and administrative expenses	11		(8)
Operating income	92		(71)
Income tax expense	22		(19)
Net income	70		(52)
Accounting Standards Update 2014-09 | Calculated under Revenue Guidance in Effect before Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net revenues	435,456		890,629
Cost of revenues	348,568		715,913
Gross profit	86,888		174,716
Selling, general and administrative expenses	39,202		81,951
Operating income	47,572		92,624
Income tax expense	3,147		9,986
Net income	$ 23,875		$ 41,845

Revenue Recognition - Summary_4

Revenue Recognition - Summary of Condensed Consolidated Balance sheet as if ASU 2014-09 Has Not Been Adopted and Adjustment Required Upon Adoption of ASU 2014-09 (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Apr. 01, 2018	Mar. 31, 2018
Assets:
Accounts receivable, net	$ 292,968		$ 306,542
Inventories, net	136,765		167,950
Other current assets	45,934		17,468
Liabilities and Stockholders' Equity:
Accrued expenses and other liabilities	109,228		114,022
Deferred income tax liabilities	165,535		149,950
Accumulated other comprehensive loss	(95,370)		(19,241)
Retained earnings	428,962		$ 384,671
Accounting Standards Update 2014-09 | Adjustments
Assets:
Accounts receivable, net	(261)	$ 253
Inventories, net	18,587	(18,286)
Other current assets	(21,933)	21,657
Liabilities and Stockholders' Equity:
Accrued expenses and other liabilities	294	(215)
Deferred income tax liabilities	(1,144)	1,125
Accumulated other comprehensive loss	(4)	13
Retained earnings	(2,753)	2,701
Accounting Standards Update 2014-09 | Calculated under Revenue Guidance in Effect before Topic 606
Assets:
Accounts receivable, net	292,707	306,795
Inventories, net	155,352	149,664
Other current assets	24,001	39,125
Liabilities and Stockholders' Equity:
Accrued expenses and other liabilities	109,522	113,807
Deferred income tax liabilities	164,391	151,075
Accumulated other comprehensive loss	(95,374)	(19,228)
Retained earnings	$ 426,209	$ 387,372

Revenue Recognition - Summary_5

Revenue Recognition - Summary of Net Revenues Disaggregated by Region and Timing of Revenue Recognition (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Net revenues	$ 434,913	$ 256,034	$ 891,044	$ 498,474
Point-in-time
Disaggregation of Revenue [Line Items]
Net revenues	374,074		770,352
Point-in-time | North America
Disaggregation of Revenue [Line Items]
Net revenues	136,651		285,415
Point-in-time | Europe
Disaggregation of Revenue [Line Items]
Net revenues	168,744		349,019
Point-in-time | Asia Pacific and Africa
Disaggregation of Revenue [Line Items]
Net revenues	62,696		123,528
Point-in-time | South America
Disaggregation of Revenue [Line Items]
Net revenues	5,983		12,390
Over-time
Disaggregation of Revenue [Line Items]
Net revenues	60,839		120,692
Over-time | North America
Disaggregation of Revenue [Line Items]
Net revenues	58,657		116,722
Over-time | Europe
Disaggregation of Revenue [Line Items]
Net revenues	921		1,974
Over-time | Asia Pacific and Africa
Disaggregation of Revenue [Line Items]
Net revenues	$ 1,261		$ 1,996

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		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Basic EPS, Shares	20,464	17,015	20,453	16,983
Effect of dilutive securities, Shares	88	162	97	185
Diluted EPS, Shares	20,552	17,177	20,550	17,168
Basic EPS, Per Share Amount	$ 1.16	$ 0.89	$ 2.05	$ 1.73
Effect of dilutive securities, Per Share Amount		(0.01)	(0.01)	(0.02)
Diluted EPS, Per Share Amount	$ 1.16	$ 0.88	$ 2.04	$ 1.71

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Anti-dilutive shares	310	114	294	69

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 57,511	$ 80,845
Work-in-process	18,129	21,156
Raw materials	61,125	65,949
Total inventories, net	$ 136,765	$ 167,950

Debt - Components of Debt (Deta

Debt - Components of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Principal	$ 1,592,739	$ 1,627,855
Unamortized Debt Issuance Costs	(26,620)	(29,170)	$ (660)
Less current portion of debt	(23,773)	(20,864)
Debt Less Unamortized Debt Issuance Costs	1,566,119	1,598,685
Total long-term debt, Principal	1,568,966	1,606,991
Less current portion of debt, Debt Less Unamortized Debt Issuance Costs	(23,773)	(20,864)
Total long-term debt, Debt Less Unamortized Debt Issuance Costs	1,542,346	1,577,821
Credit Agreement | Term Loan A Facility, mature October 31, 2022
Debt Instrument [Line Items]
Principal	144,375	148,125
Unamortized Debt Issuance Costs	(3,561)	(3,996)
Debt Less Unamortized Debt Issuance Costs	140,814	144,129
Credit Agreement | Term Loan B Facility, mature October 31, 2024
Debt Instrument [Line Items]
Principal	496,250	498,750
Unamortized Debt Issuance Costs	(5,803)	(6,280)
Debt Less Unamortized Debt Issuance Costs	490,447	492,470
Credit Agreement | U.S. Revolving Credit Facility
Debt Instrument [Line Items]
Principal	22,000	56,945
Unamortized Debt Issuance Costs	(4,848)	(5,442)
Debt Less Unamortized Debt Issuance Costs	17,152	51,503
Credit Agreement | Australian Revolving Sub-Facility
Debt Instrument [Line Items]
Principal	32,878	33,033
Unamortized Debt Issuance Costs	(539)	(605)
Debt Less Unamortized Debt Issuance Costs	32,339	32,428
Senior Notes | 6.125% Notes, due December 1, 2022
Debt Instrument [Line Items]
Principal	250,000	250,000
Unamortized Debt Issuance Costs	(2,810)	(3,148)
Debt Less Unamortized Debt Issuance Costs	247,190	246,852
Senior Notes | 4.875% Notes, due November 1, 2025
Debt Instrument [Line Items]
Principal	600,000	600,000
Unamortized Debt Issuance Costs	(9,059)	(9,699)
Debt Less Unamortized Debt Issuance Costs	590,941	590,301
Capital Leases
Debt Instrument [Line Items]
Principal	40,332	36,288
Debt Less Unamortized Debt Issuance Costs	40,332	36,288
Other Subsidiary Debt
Debt Instrument [Line Items]
Principal	6,904	4,714
Debt Less Unamortized Debt Issuance Costs	$ 6,904	$ 4,714

Debt - Components of Debt (Pare

Debt - Components of Debt (Parenthetical) (Detail)	6 Months Ended
	Sep. 30, 2018
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 | Credit Agreement
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2022
Term Loan B Facility, mature October 31, 2024 | Credit Agreement
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2024
U.S. Revolving Credit Facility | Credit Agreement
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2022
Australian Revolving Sub-Facility | Credit Agreement
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 31, 2022

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Oct. 31, 2017	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2018	Dec. 31, 2017	Nov. 30, 2014
Debt Instrument [Line Items]
Unamortized debt issuance costs		$ 26,620,000			$ 26,620,000				$ 29,170,000	$ 660,000
Interest expense to amortize deferred financing costs		1,275,000		$ 404,000	2,550,000	$ 808,000
Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs		16,331,000			16,331,000
Credit Agreement | U.S. Revolving Credit Facility
Debt Instrument [Line Items]
Available borrowings		332,016,000			$ 332,016,000
Debt instrument, maturity date					Oct. 31, 2022
Unamortized debt issuance costs		4,848,000			$ 4,848,000				5,442,000
Credit Agreement | U.S. Revolving Credit Facility | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	$ 360,000,000
Credit Agreement | Australian Revolving Sub-Facility
Debt Instrument [Line Items]
Available borrowings		7,122,000			$ 7,122,000
Debt instrument, maturity date					Oct. 31, 2022
Unamortized debt issuance costs		539,000			$ 539,000				605,000
Credit Agreement | Australian Revolving Sub-Facility | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	40,000,000
Credit Agreement | Various Uncommitted Lines of Credit
Debt Instrument [Line Items]
Available borrowings		22,209,000			$ 22,209,000
Credit Agreement | Term Loan A Facility, mature October 31, 2022
Debt Instrument [Line Items]
Debt instrument, maturity date					Oct. 31, 2022
Unamortized debt issuance costs		3,561,000			$ 3,561,000				3,996,000
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
Credit Agreement | Term Loan B Facility, mature October 31, 2024
Debt Instrument [Line Items]
Debt instrument, maturity date					Oct. 31, 2024
Unamortized debt issuance costs		5,803,000			$ 5,803,000				6,280,000
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
Credit Agreement | Revolving Credit Facility | Scenario Forecast
Debt Instrument [Line Items]
Maximum consolidated secured net leverage ratio							425.00%	450.00%
Credit Agreement | Revolving Credit Facility | Constantia Labels
Debt Instrument [Line Items]
Aggregate commitment amount	$ 400,000,000
Maturity period	5 years
Senior Notes | 4.875% Notes, due November 1, 2025
Debt Instrument [Line Items]
Fair value of Notes		$ 561,000,000			$ 561,000,000				564,000,000
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
Unamortized debt issuance costs		9,059,000			9,059,000				9,699,000
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		$ 256,250,000			$ 256,250,000				258,750,000
Debt instrument, interest rate		6.125%			6.125%
Debt instrument, maturity date					Dec. 1, 2022
Unamortized debt issuance costs		$ 2,810,000			$ 2,810,000				$ 3,148,000
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			0.97%
Maximum
Debt Instrument [Line Items]
Capital lease, interest rates			12.25%

Debt - Schedule of Future Annua

Debt - Schedule of Future Annual Principal Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Debt Instrument [Line Items]
October 2018 - September 2019	$ 23,773
October 2019 - September 2020	19,601
October 2020 - September 2021	22,948
October 2021 - September 2022	28,612
October 2022 - September 2023	404,691
Thereafter	1,093,114
Total	1,592,739	$ 1,627,855
Debt
Debt Instrument [Line Items]
October 2018 - September 2019	18,985
October 2019 - September 2020	15,473
October 2020 - September 2021	19,205
October 2021 - September 2022	25,733
October 2022 - September 2023	401,761
Thereafter	1,071,250
Total	1,552,407
Capital Leases
Debt Instrument [Line Items]
October 2018 - September 2019	4,788
October 2019 - September 2020	4,128
October 2020 - September 2021	3,743
October 2021 - September 2022	2,879
October 2022 - September 2023	2,930
Thereafter	21,864
Total	$ 40,332	$ 36,288

Debt - Schedule of Weighted Ave

Debt - Schedule of Weighted Average Interest Rates (Detail) - Credit Agreement	Sep. 30, 2018	Mar. 31, 2018
Term Loan A Facility, mature October 31, 2022
Debt Instrument [Line Items]
Weighted average interest rates	4.24%	4.13%
Term Loan B Facility, mature October 31, 2024
Debt Instrument [Line Items]
Weighted average interest rates	4.49%	4.13%
U.S. Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rates	4.15%	4.42%
Australian Revolving Sub-Facility
Debt Instrument [Line Items]
Weighted average interest rates	3.93%	4.13%

Debt - Net Minimum Payments on

Debt - Net Minimum Payments on Capitalized Leases (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Capital Leases, Future Minimum Payments, Net Present Value [Abstract]
Total minimum lease payments	$ 49,968	$ 49,521
Less amount representing interest	(9,636)	(13,233)
Present value of net minimum lease payments	40,332	36,288
Current portion	(4,788)	(4,191)
Capitalized lease obligations, less current portion	$ 35,544	$ 32,097

Major Customers - Additional In

Major Customers - Additional Information (Detail) - Customer Concentration Risk - Procter And Gamble Company	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Sales Revenue, Net
Concentration Risk [Line Items]
Percentage from major customers			10.00%	17.00%	10.00%	17.00%
Accounts Receivable
Concentration Risk [Line Items]
Percentage from major customers	3.00%	3.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 01, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Mar. 31, 2018
Income Tax Contingency [Line Items]
Statutory federal tax rate	21.00%
Provisional discrete net tax benefit due to transitional impacts		$ 328
Liabilities for unrecognized tax benefits		5,670		$ 5,670		$ 7,038
Interest and penalties recognized to income tax expense		(1,312)	$ 117	(1,174)	$ 62
Liability for interest and penalties		1,724		1,724		$ 2,641
Reasonably possible unrecognized tax benefits within next 12 months		1,625		1,625
Amount of unrecognized tax benefits that would favorably impact effective tax rate		5,118		5,118
Release of reserves for uncertain tax positions, including interest and penalties		$ 3,063		$ 3,063
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				2,014
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 an_3

Risk Management Activities and Financial Instruments - Additional Information (Detail)	1 Months Ended	6 Months Ended
	Sep. 30, 2017EUR (€)Derivative	Sep. 30, 2018USD ($)	Nov. 30, 2017EUR (€)
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 not designated as hedging instruments
Derivative [Line Items]
Notional amount	€ 195,000,000
Cross Currency Swaps | Derivatives designated as hedging instruments | Net Investment Hedges
Derivative [Line Items]
Notional amount	€ 205,000,000		€ 195,000,000
Interest Rate Swap Agreements | 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%

Risk Management Activities an_4

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 - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Derivatives designated as hedging instruments | Net Investment Hedges | Cross Currency Swaps | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 4,808	$ 4,295
Derivatives designated as hedging instruments | Net Investment Hedges | Cross Currency Swaps | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	28,108	50,019
Derivatives designated as hedging instruments | Cash Flow Hedges | Cross Currency Swaps | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	1,532	920
Derivatives designated as hedging instruments | Cash Flow Hedges | Foreign Exchange Contract | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	5
Derivatives designated as hedging instruments | Cash Flow Hedges | Foreign Exchange Contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	536
Derivatives designated as hedging instruments | Cash Flow Hedges | Interest Rate Swaps | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	7,779	4,956
Derivatives designated as hedging instruments | Cash Flow Hedges | Interest Rate Swaps | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	10
Derivatives designated as hedging instruments | Fair Value Hedges | Foreign Exchange Contract | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets		127
Derivatives designated as hedging instruments | Fair Value Hedges | Foreign Exchange Contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	44	190
Derivatives not designated as hedging instruments | Foreign Currency Forward Contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	187
Derivatives not designated as hedging instruments | Foreign Currency Forward Contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 27	$ 127

Risk Management Activities an_5

Risk Management Activities and Financial Instruments - Amounts of Gains and (Losses) Recognized in AOCI Net of Reclassifications Into Earnings (Detail) - Derivatives designated as hedging instruments - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Cross Currency Swaps | Net Investment Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) recognized in AOCI net of reclassifications into earnings				$ (6,105)
Cross Currency Swaps | Net Investment Hedges | Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) recognized in AOCI net of reclassifications into earnings	[1]	$ 821	$ (4,556)	16,463	$ (4,556)
Cross Currency Swaps | Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) recognized in AOCI net of reclassifications into earnings		(642)		(756)
Interest Rate Swaps | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) recognized in AOCI net of reclassifications into earnings		$ 1,341		$ 2,571
[1]	The net gain of $16,463 recognized in OCI on the cross currency swaps in a net investment hedge as of September 30, 2018 is comprised of an excluded component loss of $(6,105) and an undiscounted spot gain of $28,040, net of tax of $(5,472).

Risk Management Activities an_6

Risk Management Activities and Financial Instruments - Amounts of Gains and (Losses) Recognized in AOCI Net of Reclassifications Into Earnings (Parenthetical) (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on interest rate swaps, tax		$ (332)	$ 168	$ (2,873)	$ 452
Cross Currency Swaps | Net Investment Hedges | Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amount of gain (loss) recognized in AOCI				(6,105)
Unrealized gain (loss) on interest rate swaps, tax				(5,472)
Cross Currency Swaps | Net Investment Hedges | Derivatives designated as hedging instruments | Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amount of gain (loss) recognized in AOCI	[1]	$ 821	$ (4,556)	16,463	$ (4,556)
Cross Currency Spot Swaps | Net Investment Hedges | Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amount of gain (loss) recognized in AOCI				$ 28,040
[1]	The net gain of $16,463 recognized in OCI on the cross currency swaps in a net investment hedge as of September 30, 2018 is comprised of an excluded component loss of $(6,105) and an undiscounted spot gain of $28,040, net of tax of $(5,472).

Risk Management Activities an_7

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	6 Months Ended
		Sep. 30, 2018	Sep. 30, 2018
Cross Currency Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into earnings	[1]	$ 2,407	$ 4,732
Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into earnings	[2]	394	665
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into earnings	[2]	$ (171)	$ (171)
[1]	The Company had a $2,407 and $4,732 excluded component gain in AOCI which was recognized into income during the three and six months ended September 30, 2018, respectively.
[2]	During the next 12 months, $989 of net gains included in the September 30, 2018 AOCI balance are expected to be reclassified into interest expense.

Risk Management Activities an_8

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	6 Months Ended
		Sep. 30, 2018	Sep. 30, 2018
Cross Currency Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Excluded component gain in AOCI which was recognized into income		$ 2,407	$ 4,732
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into interest expense	[1]	2,407	4,732
Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into interest expense	[2]	$ 394	665
Interest Rate Swaps | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, amounts of gains and (losses) reclassified from AOCI into interest expense			$ 989
[1]	The Company had a $2,407 and $4,732 excluded component gain in AOCI which was recognized into income during the three and six months ended September 30, 2018, respectively.
[2]	During the next 12 months, $989 of net gains included in the September 30, 2018 AOCI balance are expected to be reclassified into interest expense.

Risk Management Activities an_9

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	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Other income (expense), net | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on underlying hedged items	$ (263)	$ 100	$ (5,227)	$ (275)
Other income (expense), net | Derivatives not designated as hedging instruments | Foreign Currency Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	1,201	(83)	6,233	284
Other income (expense), net | Derivatives not designated as hedging instruments | Foreign Currency Forward Contracts | Constantia Labels
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives		8,822		8,822
Other income (expense), net | Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on underlying hedged items	(32)		(198)
Other income (expense), net | Derivatives designated as hedging instruments | Foreign Exchange Contract | Fair Value Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	32		198
Interest expense | Derivatives not designated as hedging instruments | Cross Currency Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	$ 246	$ (5,811)	$ 489	$ (5,811)

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities - Summary of Accrued Expenses and Other Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Accrued Liabilities and Other Liabilities [Abstract]
Accrued payroll and benefits	$ 43,988	$ 45,418
Accrued income taxes	6,844	13,838
Professional fees	1,654	1,965
Accrued taxes other than income taxes	3,647	4,682
Accrued interest	14,027	16,480
Customer rebates	5,065	2,578
Exit and Disposal costs related to facility closures	47	457
Deferred payments	9,231	9,735
Deferred revenue	12,133	11,887
Derivative liabilities	617	317
Other	11,975	6,665
Total accrued expenses and other liabilities	$ 109,228	$ 114,022

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail)

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

Oct. 11, 2017USD ($)

Aug. 03, 2017USD ($)

Jan. 03, 2017USD ($)

Jul. 06, 2016USD ($)

Jul. 01, 2016USD ($)

Sep. 30, 2018USD ($)

Jun. 30, 2018USD ($)

Mar. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Sep. 30, 2017USD ($)

Jun. 30, 2017USD ($)

Dec. 31, 2016USD ($)

Sep. 30, 2018USD ($)

Mar. 31, 2016USD ($)

Jan. 31, 2017USD ($)

Business Acquisition [Line Items]

Increased noncontrolling interest

$ 1,200,000

Goodwill, increased/decreased due to purchase price

$ (31,917,000)

$ 291,000

$ (32,333,000)

Gironde Imprimerie Publicite

Business Acquisition [Line Items]

Equity interest acquired

67.60%

Deferred payment

$ 208,000

Net debt assumed

862,000

Purchase price, before debt assumed

$ 2,084,000

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

Constantia Labels

Business Acquisition [Line Items]

Equity interest acquired

100.00%

Number of employees

2,800

Number of plants | Plant

24

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

$ 3,901,000

807,000

Deferred payment period

90 days

Future performance based earnout included in purchase price

$ 9,026,000

Future performance based earnouts future payout, minimum

$ 0

Future performance based earnouts future payout period, maximum

90 days

Cash acquired, allocated to purchase price

$ 49,725,000

Bank debt assumed

39,607,000

Acquisition expenses

17,379,000

Liabilities assumed, contingent liability

$ 9,671,000

Contingent liability paid

$ 7,523,000

Increased noncontrolling interest

$ 1,200,000

Goodwill, increase/decrease due to preliminary valuation of property plant and equipment

34,222,000

151,000

Goodwill, increase/decrease due to preliminary valuation of intangible assets

22,400,000

Goodwill, increase/decrease due to preliminary valuation of deferred tax liabilities

14,807,000

Goodwill, increase/decrease due to preliminary valuation of capital leases

5,997,000

Credit to depreciation expense related to acquisition

(5,769,000)

Amortization expense related to acquisition

1,456,000

Recognized income

(1,169,000)

(1,550,000)

$ (1,594,000)

Goodwill, increase/decrease due to valuation of other assets

2,538,000

Goodwill, increase/decrease due to valuation of accrued expenses

261,000

Goodwill, increase/decrease due to preliminary valuation of inventory

2,507,000

Weighted-average amortization period for identifiable intangible assets acquired

18 years

Accounts receivable acquired, fair value

$ 117,399,000

The gross contractual value of receivables

119,883,000

Estimated contractual cash flows not expected to be collected

2,484,000

Purchase price, before cash acquired

1,048,656,000

Total purchase price

$ 1,289,285,000

Constantia Labels | Selling, General and Administrative Expenses

Business Acquisition [Line Items]

Acquisition expenses

$ 1,246,000

$ 632,000

$ 11,299,000

$ 3,545,000

$ 744,000

$ 18,000

Credit of acquisition expenses

(105)

Constantia Labels | South Africa

Business Acquisition [Line Items]

Equity interest acquired

75.00%

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

Business Acquisition [Line Items]

Debt instrument, interest rate

4.875%

Debt instrument, maturity date

Nov. 1, 2025

Barat Group | Gironde Imprimerie Publicite

Business Acquisition [Line Items]

Minority interest, percentage

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

Purchase price, before cash acquired

15,929,000

Indemnification Asset

$ 1,593,000

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

5,228,000

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%

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

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

$ 133,000

$ 201,000

Acquisitions - Purchase Price (

Acquisitions - Purchase Price (Detail) - Constantia Labels - USD ($) $ in Thousands	Oct. 31, 2017	Jun. 30, 2018
Business Acquisition [Line Items]
Cash from proceeds of borrowings	$ 1,048,656
MCC common stock issued	237,820
Deferred payments	3,901	$ 807
Contingent consideration	9,026
Purchase price, before cash acquired	1,299,403
Net cash acquired	(10,118)
Total purchase price	$ 1,289,285

Acquisitions - Purchase Price A

Acquisitions - Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018	Oct. 31, 2017
Assets Acquired:
Goodwill	$ 1,098,785	$ 1,196,634
Liabilities Assumed:
Noncontrolling interests	$ (1,200)
Constantia Labels
Assets Acquired:
Net cash acquired			$ 10,118
Accounts receivable			117,399
Inventories			82,525
Property, plant and equipment			250,943
Intangible assets			432,400
Goodwill			675,707
Other assets			16,945
Total assets acquired			1,586,037
Liabilities Assumed:
Accounts payable			93,335
Accrued income taxes payable			8,014
Accrued expenses and other liabilities			39,651
Deferred tax liabilities			143,334
Total liabilities assumed			284,334
Net assets acquired			1,301,703
Noncontrolling interests			(2,300)
Net assets acquired attributable to Multi-Color Corporation			$ 1,299,403

Acquisitions - Estimated Fair V

Acquisitions - Estimated Fair Value of Identifiable Intangible Assets Acquired and Estimated Useful Lives (Detail) - Constantia Labels $ in Thousands	Oct. 31, 2017USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 432,400
Useful Lives	18 years
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 407,300
Useful Lives	19 years
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 20,700
Useful Lives	4 years
Trade Name [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 4,400
Useful Lives	4 years

Acquisitions - Schedule of Pro

Acquisitions - Schedule of Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Business Combinations [Abstract]
Net revenues	$ 435,146	$ 857,913
Net income attributable to Multi-Color	$ 17,759	$ 39,739
Diluted earnings per share	$ 0.86	$ 1.93

Acquisitions - Reconciliation o

Acquisitions - 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		6 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Business Acquisition, Pro Forma Information [Line Items]
Multi-Color Corporation actual results, Net Income		$ 23,755	$ 15,190	$ 41,894	$ 29,296
Pro forma adjustments, Net Income			(5,489)		(13,498)
Pro forma results, Net Income			17,759		39,739
Multi-Color Corporation actual results, Net Revenues		$ 434,913	256,034	$ 891,044	498,474
Pro forma adjustments, Net Revenues			0		0
Pro forma results, Net Revenues			435,146		857,913
Constantia Labels
Business Acquisition, Pro Forma Information [Line Items]
Constantia Labels actual results, Net Income	[1]		8,058		23,941
Constantia Labels actual results, Net Revenues	[1]		$ 179,112		$ 359,439
[1]	Constantia Labels actual results include the six months pre-acquisition in fiscal 2018.

Acquisitions - Pro Forma Adjust

Acquisitions - Pro Forma Adjustments (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	$ (5,489)	$ (13,498)
Financing Costs | Constantia Labels
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	4,261	8,454
Acquisition Transaction Costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	3,545	4,289
Incremental Depreciation and Amortization Costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	(3,381)	(7,469)
Incremental Interest Costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	(12,380)	(24,836)
Tax Effect of Adjustments
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma adjustments	$ 2,466	$ 6,064

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Changes in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 757,557
Ending balance	$ 728,732	728,732
Foreign currency items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		6,335
OCI before reclassifications		(92,657)
Total other comprehensive income (loss)		(92,657)
ASU 2018-02 reclassification of stranded tax effects		(244)
Ending balance	(86,566)	(86,566)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(25,408)
OCI before reclassifications		22,157
Amounts reclassified from AOCI		(3,879)
Total other comprehensive income (loss)		18,278
ASU 2018-02 reclassification of stranded tax effects		(1,506)
Ending balance	(8,636)	(8,636)
Defined benefit pension items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(168)
Ending balance	(168)	(168)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(19,241)
OCI before reclassifications		(70,500)
Amounts reclassified from AOCI		(3,879)
Total other comprehensive income (loss)		(74,379)
ASU 2018-02 reclassification of stranded tax effects	(1,750)	(1,750)
Ending balance	$ (95,370)	$ (95,370)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of (Gains) and Losses Reclassified from AOCI (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Sep. 30, 2018	Sep. 30, 2018
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			$ (3,879)
Gains and (losses) reclassified from AOCI | Foreign Exchange Forward Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI, before tax	[1]	$ 171	171
Gains and (losses) reclassified from AOCI | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI, tax		699	1,347
Amounts reclassified from AOCI		(1,931)	(3,879)
Gains and (losses) reclassified from AOCI | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Cross Currency Swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI, before tax	[2]	2,407	4,732
Gains and (losses) reclassified from AOCI | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Interest Rate Swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI, before tax	[2]	$ 394	$ 665
[1]	Reclassified from AOCI into cost of revenues in the condensed consolidated statements of income. See Note 8.
[2]	Reclassified from AOCI into interest expense in the condensed consolidated statements of income. See Note 8.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2018
Goodwill [Roll Forward]
Goodwill, gross, Beginning balance		$ 1,210,179	$ 1,210,179
Accumulated impairment losses, Beginning balance		(13,545)	(13,545)
Goodwill, net, Beginning balance		1,196,634	1,196,634
Acquisitions			0
Adjustments to prior year acquisitions	$ (31,917)	$ 291	(32,333)
Currency translation			(65,516)
Sale of Southeast Asian durables business			0
Goodwill, gross, Ending Balance	1,111,217		1,111,217
Accumulated impairment losses, Ending balance	(12,432)		(12,432)
Goodwill, net, Ending balance	$ 1,098,785		$ 1,098,785

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 687,823	$ 673,973
Accumulated Amortization	(113,776)	(93,740)
Net Carrying Amount	574,047	580,233
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	657,212	648,273
Accumulated Amortization	(103,734)	(87,560)
Net Carrying Amount	553,478	560,713
Technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	22,254	21,721
Accumulated Amortization	(6,175)	(3,586)
Net Carrying Amount	16,079	18,135
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,521	99
Accumulated Amortization	(1,138)	(66)
Net Carrying Amount	3,383	33
Non-compete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,836	3,880
Accumulated Amortization	(2,729)	(2,528)
Net Carrying Amount	$ 1,107	$ 1,352

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	$ 12,253	$ 3,831	$ 22,663	$ 7,435

Facility Closures - Summary of

Facility Closures - Summary of Exit and Disposal Costs Related to Closure (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Severance and other termination benefits | Merignac France
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	$ 703,000		$ 703,000
Cumulative costs incurred	703,000		703,000
Severance and other termination benefits | Dormans France
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	106,000		106,000
Total costs incurred		$ 72,000		$ 106,000
Cumulative costs incurred	106,000		106,000
Other associated costs | Merignac France
Restructuring Cost and Reserve [Line Items]
Total costs incurred	66,000		93,000
Cumulative costs incurred	440,000		440,000
Other associated costs | Merignac France | Minimum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	500,000		500,000
Other associated costs | Merignac France | Maximum
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	750,000		750,000
Other associated costs | Dormans France
Restructuring Cost and Reserve [Line Items]
Total costs expected to be incurred	23,000		23,000
Total costs incurred		$ 23,000		$ 23,000
Cumulative costs incurred	$ 23,000		$ 23,000

Facility Closures - Reconciliat

Facility Closures - Reconciliation of Beginning and Ending Liability Balances Related to Exit and Disposal Costs (Detail) - Merignac France - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Severance and other termination benefits
Restructuring Cost and Reserve [Line Items]
Beginning balance		$ 457
Amounts Paid		(410)
Ending balance	$ 47	47
Other associated costs
Restructuring Cost and Reserve [Line Items]
Amounts Expensed	$ 66	93
Amounts Paid		$ (93)

Facility Closures - Additional

Facility Closures - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Dormans France
Restructuring Cost and Reserve [Line Items]
Gain (loss) on sale of property, plant and equipment		$ (59)
Cumulative costs	$ 260
Raw materials written off		47
Dormans France | Facility closure expenses
Restructuring Cost and Reserve [Line Items]
Facility closure expenses related to impairment loss on fixed assets			$ 25
Merignac France
Restructuring Cost and Reserve [Line Items]
Gain (loss) on sale of property, plant and equipment	(48)	(42)
Reversed accrued pension related to employees		102
Cumulative costs	$ 1,256
Merignac France | Facility closure expenses
Restructuring Cost and Reserve [Line Items]
Facility closure expenses related to impairment loss on fixed assets		$ 125

Supplemental Cash Flow Disclo_3

Supplemental Cash Flow Disclosures - Supplemental Disclosures of Cash Flow Information and Non-Cash Activities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Supplemental Disclosures of Cash Flow Information:
Interest paid	$ 42,332	$ 12,027
Income taxes paid, net of refunds	15,733	17,413
Supplemental Disclosures of Non-Cash Activities:
Capital expenditures incurred but not yet paid	5,095	2,354
Capital lease obligations incurred	1,771
Change in derivative contract fair value - asset position	4,013	13,473
Change in derivative contract fair value - liability position	21,611	(17,876)
Business combinations accounted for as a purchase:
Assets acquired (excluding cash)	22,244	40,425
Liabilities assumed	(21,044)	(19,042)
Noncontrolling interests	$ (1,200)
Net cash paid		$ 21,383

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 16, 2018	Sep. 30, 2018	Mar. 31, 2018
Subsequent Events [Line Items]
Principal		$ 1,592,739	$ 1,627,855
Credit Agreement | Term Loan B Facility, mature October 31, 2024
Subsequent Events [Line Items]
Principal		$ 496,250	$ 498,750
Term loan B facility maturity date		Oct. 31, 2024
Credit Agreement | Term Loan B Facility, mature October 31, 2024 | LIBOR [Member]
Subsequent Events [Line Items]
Applicable margin payable on LIBOR indexed loans		2.25%
Subsequent Events | Credit Agreement | Term Loan B Facility, mature October 31, 2024
Subsequent Events [Line Items]
Principal	$ 496,250
Expected interest savings on credit facility	$ 1,200
Term loan B facility maturity date	Oct. 31, 2024
Arrangement fees paid	$ 650
Subsequent Events | Credit Agreement | Term Loan B Facility, mature October 31, 2024 | LIBOR [Member]
Subsequent Events [Line Items]
Applicable margin payable on LIBOR indexed loans	2.00%