AVX (AVX) 10-Q 5 Feb 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 31, 2015	Feb. 03, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016
Entity Registrant Name	AVX Corp
Entity Central Index Key	859,163
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		167,569,084
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Trading Symbol	AVX

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
ASSETS
Cash and cash equivalents	$ 425,635	$ 381,605
Short-term investments in securities	489,757	461,901
Accounts receivable - trade, net	151,772	186,615
Accounts receivable - affiliates	904	2,377
Inventories	490,293	535,912
Income taxes receivable	64,937	67,504
Deferred income taxes		76,963
Prepaid and other	32,073	31,675
Total current assets	1,655,371	1,744,552
Long-term investments in securities	85,691	150,029
Property and equipment, net	210,102	199,842
Goodwill	213,051	213,051
Intangible assets, net	58,812	62,587
Deferred income taxes - non-current	124,194	79,276
Other assets	6,343	9,678
Total Assets	2,353,564	2,459,015
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable - trade	30,025	35,290
Accounts payable - affiliates	29,921	40,753
Income taxes payable	7,132	4,450
Deferred income taxes		424
Accrued payroll and benefits	33,063	38,952
Accrued expenses	59,742	146,440
Total current liabilities	159,883	266,309
Pensions	18,262	22,520
Deferred income taxes - non-current	6,092	5,770
Other liabilities	26,493	32,453
Total Liabilities	$ 210,730	$ 327,052
Commitments and contingencies (Note 8)
Stockholders' Equity:
Preferred stock, par value $.01 per share: Authorized, 20,000 shares; None issued and outstanding
Common stock, par value $.01 per share: Authorized, 300,000 shares; issued, 176,368 shares; outstanding, 168,190 and 167,569 shares at March 31, 2015 and December 31, 2015, respectively	$ 1,764	$ 1,764
Additional paid-in capital	353,940	352,996
Retained earnings	1,964,443	1,948,476
Accumulated other comprehensive loss	(64,237)	(66,665)
Treasury stock, at cost: 8,178 and 8,799 shares at March 31, 2015 and December 31, 2015, respectively	(113,076)	(104,608)
Total Stockholders' Equity	2,142,834	2,131,963
Total Liabilities and Stockholders' Equity	$ 2,353,564	$ 2,459,015

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Mar. 31, 2015
Consolidated Balance Sheets [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	176,368,000	176,368,000
Common stock, shares outstanding	167,569,000	168,190,000
Treasury stock, shares	8,799,000	8,178,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements of Operations [Abstract]
Net sales	$ 287,047	$ 321,687	$ 891,924	$ 1,037,681
Cost of sales	221,004	243,010	676,930	786,054
Gross profit	66,043	78,677	214,994	251,627
Selling, general and administrative expenses	31,216	28,290	87,596	85,548
Litigation settlement charges	37,500		43,650
Profit from operations	(2,673)	50,387	83,748	166,079
Other income (expense):
Interest income	1,249	1,129	3,528	3,373
Other, net	832	1,196	1,563	227
Income before income taxes	(592)	52,712	88,839	169,679
Provision for income taxes	(5,966)	13,759	19,969	45,334
Net income	$ 5,374	$ 38,953	$ 68,870	$ 124,345
Income (loss) per share:
Basic	$ 0.03	$ 0.23	$ 0.41	$ 0.74
Diluted	0.03	0.23	0.41	0.74
Dividends declared per share:	$ 0.105	$ 0.105	$ 0.315	$ 0.295
Weighted average common shares outstanding:
Basic	167,655	168,164	167,883	168,117
Diluted	167,833	168,442	168,083	168,375

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Comprehensive Income (Loss)
Net income	$ 5,374	$ 38,953	$ 68,870	$ 124,345
Other comprehensive income (loss), net of income taxes
Foreign currency translation adjustment	(7,213)	(12,227)	3,033	(40,593)
Foreign currency cash flow hedges adjustment	(159)	(397)	(334)	(1,289)
Pension liability adjustment	(47)	55	(271)	239
Other comprehensive income (loss), net of income taxes	(7,419)	(12,569)	2,428	(41,643)
Comprehensive income	$ (2,045)	$ 26,384	$ 71,298	$ 82,702

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Activities:
Net income	$ 68,870	$ 124,345
Adjustment to reconcile net income to net cash from operating activities:
Depreciation and amortization	28,641	31,090
Stock-based compensation expense	982	1,208
Deferred income taxes	15,573	6,094
Loss on disposal of property and equipment	424
Changes in operating assets and liabilities:
Accounts receivable	36,259	24,762
Inventories	46,145	2,280
Accounts payable and accrued expenses	(100,584)	107,651
Income taxes payable	2,861	8,191
Other assets	17,264	(12,692)
Other liabilities	(13,751)	(128,570)
Net cash provided by operating activities	102,684	164,359
Investing Activities:
Purchases of property and equipment	(33,843)	(19,134)
Purchases of investment securities	(598,947)	(909,356)
Redemptions of investment securities	634,872	685,027
Proceeds from property and equipment dispositions	450	52
Net cash used in investing activities	2,532	(243,411)
Financing Activities:
Dividends paid	(52,903)	(49,584)
Purchase of treasury stock	(9,272)	(4,335)
Proceeds from exercise of stock options	766	5,282
Net cash used in financing activities	(61,409)	(48,637)
Effect of exchange rate on cash	223	(2,412)
Decrease in cash and cash equivalents	44,030	(130,101)
Cash and cash equivalents at beginning of period	381,605	460,674
Cash and cash equivalents at end of period	$ 425,635	$ 330,573

Basis of Presentation

Basis of Presentation	9 Months Ended
	Dec. 31, 2015
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation: The consolidated financial statements of AVX Corporation and its subsidiaries (“AVX” or the “Company”) include all accounts of the Company and its subsidiaries. All significant intercompany transactions and accounts have been eliminated. We have prepared the accompanying financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in the opinion of management, include all adjustments, consisting of normal recurring adjustments and accruals, necessary for the fair statement of the consolidated balance sheets, operating results, comprehensive income (loss), and cash flows for the periods presented. Operating results for the three and nine month periods ended December 31 , 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2016 due to changes in economic conditions and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2015. Critical Accounting Policies and Estimates: We have identified the accounting policies and estimates that are critical to our business operations and understanding our results of operations. Those policies and estimates can be found in Note 1, “Summary of Significant Accounting Policies”, of the Notes to Consolidated Financial Statements and in “Critical Accounting Policies and Estimates”, in “Management's Discussion and Analysis of Financial Condition and Results of Operations” contained in our Annual Report on Form 10-K for the fiscal year ended March 31, 2015. Accordingly, this Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended March 31, 2015. During the three and nine month periods ended December 31 , 2015, there were no significant changes to any critical accounting policies or to the methodology used in determining estimates including those related to investment securities, revenue recognition, inventories, goodwill, intangible assets, property and equipment, income taxes, and contingencies , except for the early adoption of FASB ASU 2015-17, “Income Taxes”, explained below in “New Accounting Standards”. New Accounting Standards In April 2014, the Financial Accounting Standards Board ( FASB ) issued ASU 2014-08, which changes the criteria for determining which disposals are required to be presented as discontinued operations. The changes require a disposal of a component of an entity or a group of components of an entity to be reported in discontinued operations if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results when any of the following occurs: (i) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale, (ii) the component of an entity or group of components of an entity is disposed of by sale, or (iii) the component of an entity or group of components of an entity is disposed of other than by sale. The amendments apply on a prospective basis to disposals of components of an entity that occur within annual periods beginning on or after December 15, 2014 and interim periods within those years, with early adoption permitted. The implementation of the amended accounting guidance on January 1, 2015 did not have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” This guidance modifies the financial reporting of revenue and how an entity will determine the measurement of revenue and timing of when it is recognized. The guidance provides for a five-step approach in applying the standard: 1) identifying the contract with the customer, 2) identifying separate performance obligations in the contract, 3) determining the transaction price, 4) allocating the transaction price to separate performance obligations, and 5) recognizing the revenue when the performance obligation has been satisfied. The new guidance requires enhanced disclosures for the nature, amount, timing, and uncertainty of revenue that is being recognized. The guidance is effective for public companies for interim and annual reporting periods beginning after December 15, 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. Early adoption is permitted. Management is currently evaluating the impact of this guidance on our consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, “Income Taxes.” This guidance simplifies the presentation of deferred income taxes which have previously been split between current and noncurrent deferred tax assets and liabilities. Accordingly, the recording and presentation of deferred income taxes are required to be presented as noncurrent in a classified statement of financial position. The guidance is effective for public companies for interim and annual reporting periods beginning after December 15, 201 6. Early adoption is permitted and management has elected to adopt this guidance prospectively beginning with the interim reporting period ending December 31, 2015. The impact on the Balance Sheet as of March 31, 2015 would have been a decrease in current deferred income tax assets of $76,963 and an increase in non-current deferred income tax assets of $76,963 as well as a decrease of current deferred income tax liabilities of $ 424 and an increase of non-current deferred income tax liabilities of $424 . We have reviewed other newly issued accounting pronouncements and concluded that they are either not applicable to our business or that no material effect is expected on our consolidated financial statements as a result of adoption.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	2. Earnings Per Share: Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the dilutive effect of potential common stock equivalents during the period. Stock options are the only common stock equivalents currently used in our calculation and are computed using the treasury stock method. The table below represents the basic and diluted earnings per share and sets forth the weighted average number of shares of common stock outstanding and potential common stock equivalents: Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Net income $ 38,953 $ 5,374 $ 124,345 $ 68,870 Computation of Basic EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 168,164 167,655 168,117 167,883 Basic earnings per share $ 0.23 $ 0.03 $ 0.74 $ 0.41 Computation of Diluted EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 168,164 167,655 168,117 167,883 Effect of stock options 278 178 258 200 Weighted Average Shares used in Computing Diluted EPS (1) 168,442 167,833 168,375 168,083 Diluted earnings per share $ 0.23 $ 0.03 $ 0.74 $ 0.41 (1) Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been antidilutive were 1,750 shares and 2,725 shares for the three months ended December 31, 2014 and 2015, respectively and 2,321 and 2,548 for the nine months ended December 31, 2014 and 2015, respectively.

Trade Accounts Receivable

Trade Accounts Receivable	9 Months Ended
	Dec. 31, 2015
Trade Accounts Receivable [Abstract]
Trade Accounts Receivable	3. Trade Accounts Receivable: March 31, 2015 December 31, 2015 Gross Accounts Receivable - Trade $ 209,838 $ 173,887 Less: Allowances for doubtful accounts 659 389 Stock rotation and ship from stock and debit 16,378 14,969 Sales returns and discounts 6,186 6,757 Total allowances 23,223 22,115 $ 186,615 $ 151,772 Charges related to allowances for doubtful accounts are charged to selling, general and administrative expenses. Charges related to stock rotation, ship from stock and debit, sales returns, and sales discounts are reported as deductions from revenue. Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Allowances for doubtful accounts: Beginning Balance $ 579 $ 732 $ 410 $ 659 Charges - - 185 81 Applications 1 (343) (15) (351) Ending Balance $ 580 $ 389 $ 580 $ 389 Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Stock rotation and ship from stock and debit: Beginning Balance $ 18,104 $ 16,171 $ 17,138 $ 16,378 Charges 8,377 7,309 27,428 22,157 Applications (8,385) (8,511) (26,470) (23,566) Ending Balance $ 18,096 $ 14,969 $ 18,096 $ 14,969 Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Sales returns and discounts: Beginning Balance $ 6,554 $ 6,430 $ 6,356 $ 6,186 Charges 5,970 7,305 15,396 17,903 Applications (5,582) (6,958) (14,748) (17,341) Translation and other (121) (20) (183) 9 Ending Balance $ 6,821 $ 6,757 $ 6,821 $ 6,757

Fair Value

Fair Value	9 Months Ended
	Dec. 31, 2015
Fair Value [Abstract]
Fair Value	4. Fair Value: Fair Value Hierarchy: The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to value the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: - Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities. - Level 2 : Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. - Level 3 : Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. During the three and nine month periods ended December 31 , 2014 and 2015, there have been no transfers of assets or liabilities between levels within the fair value hierarchy. Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2015 (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Assets held in the non-qualified deferred compensation program (1) $ 8,636 $ 8,636 $ - $ - Foreign currency derivatives (2) 1,279 - 1,279 - Total $ 9,915 $ 8,636 $ 1,279 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2015 (Level 1) (Level 2) (Level 3) Liabilities measured at fair value on a recurring basis: Obligation related to assets held in the non-qualified deferred compensation program (1) $ 8,636 $ 8,636 $ - $ - Foreign currency derivatives (2) 1,170 - 1,170 - Total $ 9,806 $ 8,636 $ 1,170 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2015 (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Assets held in the non-qualified deferred compensation program (1) $ 5,351 $ 3,883 $ 1,468 $ - Foreign currency derivatives (2) 877 - 877 - Total $ 6,228 $ 3,883 $ 2,345 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2015 (Level 1) (Level 2) (Level 3) Liabilities measured at fair value on a recurring basis: Obligation related to assets held in the non-qualified deferred compensation program (1) $ 5,351 $ 3,883 1,468 $ - Foreign currency derivatives (2) 1,018 - 1,018 - Total $ 6,369 $ 3,883 $ 2,486 $ - (1) The market value of the assets held in the trust for the non-qualified deferred compensation program is included as an asset and as a liability as the trust’s assets are both assets of the Company and also a liability as they are available to general creditors in certain circumstances. (2) Foreign currency derivatives in the form of forward contracts are included in prepaid and other and accrued expenses in the consolidated balance sheets. Unrealized gains and losses on derivatives classified as cash flow hedges are recorded in other comprehensive income (loss). Realized gains and losses on derivatives classified as cash flow hedges are recorded in the consolidated statement of operations as revenues and costs of sales and gains and losses on derivatives not designated as hedges are recorded in other income. Valuation Techniques: The following describes valuation techniques used to appropriately value our assets held in the non-qualified deferred compensation plan and derivatives. Assets held in the non-qualified deferred compensation plan Assets valued using Level 1 and Level 2 inputs in the table above represent assets from our non-qualified deferred compensation program. The funds held by the non-qualified deferred compensation program are valued based on the number of shares in the funds using a price per share traded in an active market. Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. If the cost of an investment exceeds its fair value, among other factors, we evaluate general market conditions, the duration and extent to which the fair value is less than cost, and whether or not we expect to recover the security's entire amortized cost basis. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded and a new cost basis in the investment is established. Derivatives We primarily use forward contracts, with maturities generally less than four months, designated as cash flow hedges to protect against the foreign currency exchange rate risks inherent in our forecasted transactions related to purchase commitments and sales, denominated in various currencies. We also use derivatives not designated as hedging instruments to hedge foreign currency balance sheet exposures. These derivatives are used to offset currency changes in the fair value of the hedged assets and liabilities. Fair values for all of our derivative financial instruments are valued by adjusting the market spot rate by forward points, based on the date of the contract. The spot rates and forward points used are an average rate from an actively traded market. At March 31, 2015 and December 31 , 2015, all of our forward contracts are valued using Level 2 measurements.

Financial Instruments and Inves

Financial Instruments and Investments in Securities	9 Months Ended
	Dec. 31, 2015
Financial Instruments and Investments in Securities [Abstract]
Financial Instruments and Investments in Securities	5. Financial Instruments and Investments in Securities: At March 31, 2015 and December 31 , 2015, we classified investments in debt securities and time deposits as held-to-maturity securities. Our long-term and short-term investment securities are accounted for as held-to-maturity securities and are carried at amortized cost. We have the ability and intent to hold these investments until maturity. All income generated from the held-to-m aturity securities investments is recorded as interest income. Investments in held-to-maturity securities, recorded at amortized cost, were as follows: March 31, 2015 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Commercial paper $ 34,493 $ - $ (13) $ 34,480 Corporate bonds 2,517 - - 2,517 Time deposits 424,891 227 - 425,118 Long-term investments: Corporate bonds 150,029 51 (53) 150,027 $ 611,930 $ 278 $ (66) $ 612,142 December 31, 2015 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Time deposits $ 489,757 $ 261 $ - $ 490,018 Long-term investments: Corporate bonds 85,691 - (266) 85,425 $ 575,448 $ 261 $ (266) $ 575,443 The amortized cost and estimated fair value of held-to-maturity investments at December 31 , 2015, by contractual maturity, are shown below. The estimated fair value of these investments are based on valuation inputs that include benchmark yields, reported trades, broker and dealer quotes, issuer spreads, two-sided markets, benchmark securities bids, offers, and reference data, which are Level 2 inputs in the fair value hierarchy. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without call or prepayment penalties. Held-to-Maturity Amortized Estimated Cost Fair Value Due in one year or less $ 489,757 $ 490,018 Due after one year through five years 85,691 85,425 Total $ 575,448 $ 575,443

Inventories

Inventories	9 Months Ended
	Dec. 31, 2015
Inventories [Abstract]
Inventories	6. Inventories: March 31, 2015 December 31, 2015 Finished goods $ 102,212 $ 80,113 Work in process 106,627 99,443 Raw materials and supplies 327,073 310,737 $ 535,912 $ 490,293

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 31, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	7 . Commitments and Contingencies: We have been identified by the United States Environmental Protection Agency (“EPA”), state governmental agencies or other private parties as a potentially responsible party (“PRP”) under the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) or equivalent state or local laws for clean-up and response costs associated with certain sites at which remediation is required with respect to prior contamination. Because CERCLA or such state statutes authorize joint and several liability, the EPA or state regulatory authorities could seek to recover all clean-up costs from any one of the PRPs at a site despite the involvement of other PRPs. At certain sites, financially responsible PRPs other than AVX also are, or have been, involved in site investigation and clean-up activities. We believe that liability resulting from these sites will be apportioned between AVX and other PRPs. To resolve our liability at the sites at which we have been named a PRP, we have entered into various administrative orders and consent decrees with federal and state regulatory agencies governing the timing and nature of investigation and remediation. As is customary, the orders and decrees regarding sites where the PRPs are not themselves implementing the chosen remedy contain provisions allowing the EPA to reopen the agreement and seek additional amounts from settling PRPs in the event that certain contingencies occur, such as the discovery of significant new information about site conditions. On October 10, 2012, the EPA, the United States, and the Commonwealth of Massachusetts and AVX announced that they had reached a financial settlement with respect to the EPA’s ongoing clean-up of the New Bedford Harbor in the Commonwealth of Massachusetts (the “harbor”). That agreement is contained in a Supplemental Consent Decree that modifies certain provisions of prior agreements related to clean-up of the harbor, including elimination of the governments’ right to invoke certain reopener provisions in the future. Under the terms of the settlement, AVX was obligated to pay $ 366,250 , plus interest computed from August 1, 2012, in three installments over a two -year period for use by the EPA and the Commonwealth to complete the clean-up of the harbor . On May 26, 2015, we prepaid the third and final settlement installment of $ 122,083 , plus interest of $ 1,106 . On June 3, 2010, AVX entered into an agreement with the EPA and the City of New Bedford, pursuant to which AVX is required to perform environmental remediation at a site referred to as the “Aerovox Site” (the “Site”), located in New Bedford, Massachusetts. AVX has substantially completed its obligations pursuant to such agreement with the EPA and the City of New Bedford with respect to the satisfaction of AVX’s federal law requirements. Agreements with the state regulatory authorities have yet to be concluded but are likely to include additional groundwater remediation. We have a remaining accrual of $11,024 at December 31 , 2015, representing our estimate of the potential liability related to the remaining performance of environmental remediation actions at the Site using certain assumptions regarding the plan of remediation. Since additional sampling and analysis may cause the state regulatory authority, the Massachusetts Department of Environmental Protection, to require a more extensive and costly plan of remediation, until all parties agree and remediation is complete, we cannot be certain there will be no additional cost relating to the Site. We had total reserves of approximately $138,146 and $ 15,602 at March 31, 2015 and December 31 , 2015, respectively, related to the various matters and specific sites discussed above. These reserves are classified in the Consolidated Balance Sheets as $127,246 and $ 4,702 in accrued expenses at March 31, 2015 and December 31 , 2015, respectively, and $10,900 in other non-current liabilities at both March 31, 2015 and December 31 , 2015. The amounts recorded for identified contingent liabilities are based on estimates. Amounts recorded are reviewed periodically and adjusted to reflect additional legal and technical information that becomes available. Also, uncertainties about the status of laws, regulations, regulatory actions, technology, and information related to individual sites make it difficult to develop an estimate of the reasonably possible aggregate environmental remediation exposure. Accordingly, these costs could differ from our current estimates. Effective September 30, 2015 a Settlement Agreement and Mutual Release (“Settlement Agreement”) was entered into with the City of New Bedford in settlement of the following two cases: DaRosa v. City of New Bedford and City of New Bedford, et al v. AVX Corporation both arising from contamination at certain sites in the City of New Bedford. In accordance with the Settlement Agreement, AVX paid the sum of $6,500 to the City of New Bedford in October 2015. This Settlement Agreement releases AVX from any future actions by the City of New Bedford related to these cases or sites. On November 4, 2015, the Canadian Ministry of the Environment and Climate Change (the “MoE”) issued a draft order naming AVX Corporation as well as others as responsible parties with respect to a location in Hamilton, Ontario that was the site of operations of Aerovox Canada, a former subsidiary of Aerovox Corporation, a predecessor of AVX. AVX has taken the position that any liability of Aerovox Canada for such site under the laws of Canada cannot be imposed on AVX. At present, it is unclear whether the MoE will issue a final order against AVX, whether it will seek to enforce such Canadian order against AVX, and whether, in the event it does so, AVX will have any liability under applicable law. AVX intends to contest any such course of action that may be taken by the MoE. We also operate, or have operated in the past, on other sites that may have potential environmental issues as a result of activities at sites during AVX’s long history of manufacturing operations or prior to the start of operations by AVX. Even though we may have rights of indemnity for such environmental issues at certain sites, regulatory agencies in those jurisdictions may require us to address such issues. Once it becomes probable that we will incur costs in connection with remediation of a site and such costs can be reasonably estimated, we establish reserves or adjust our reserves for our projected share of these costs. A separate account receivable is recorded for any indemnified costs. Our environmental reserves are not discounted and do not reflect any possible future insurance recoveries, which are not expected to be significant, but do reflect a reasonable estimate of cost sharing at multiple party sites or indemnification of our liability by a third party. On April 25, 2013, AVX was named as a defendant in a patent infringement case filed in the United States District Court for the District of Delaware captioned Greatbatch, Inc. v AVX Corporation . This case allege d that certain AVX products infringe on one or more of nine Greatbatch patents. On January 26, 2016 (following the Company’s issuance of its quarterly earnings release), the jury returned a verdict in favor of the plaintiff and found damages to Greatbatch in the amount of $37,500 . AVX is reviewing the verdict and consulting with its legal advisors on what action AVX may take in response. On September 2, 2014, a subsidiary of AVX, American Technical Ceramics (“ATC”), was named as a defendant in a patent infringement case filed in the United States District Court of the District of Delaware captioned Presidio Components, Inc. v. American Technical Ceramics Corp. This case alleges that certain products of ATC’s infringe on a Presidio patent. AVX believes it has meritorious defenses and intends to vigorously defend the case. As of December 31, 2015, we had total reserves of $39,250 with respect to the two intellectual property cases discussed above. The amounts recorded are based on estimated outcomes. Amounts recorded are reviewed periodically and adjusted to reflect additional information that becomes available. Accordingly, these costs could differ from our current estimates. During the quarter ended September 30, 2014, AVX was named as a co-defendant in a series of cases filed in the United States and in the Canadian provinces of Quebec, Ontario and British Columbia alleging violations of United States, Canadian, and state antitrust laws asserting that AVX and numerous other companies are participants in alleged price-fixing in the capacitor market. The cases in the United States were consolidated into the Northern District of California on October 2, 2014. During the quarter ended December 31, 2014, additional Canadian cases were filed in the provinces of Quebec, Ontario, British Columbia, Saskatchewan and Manitoba. In addition, in the quarter ended September 30 , 2015, AVX was named as a co-defendant in two case s filed in the United States alleging violations of United States antitrust laws asserting that AVX and numerous other companies we re participants in alleged price-fixing in the resistor market. These cases are at the initial stages. AVX believes it has meritorious defenses and intends to vigorously defend the cases. We are also involved in disputes, warranty, and other legal proceedings arising in the normal course of business. While we cannot predict the outcome of these agreements, remediation efforts, disputes and proceedings, management believes, based upon a review with legal counsel, that none of these proceedings will have a material impact above the current reserves on our financial position, results of operations, comprehensive income (loss), or cash flows.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Dec. 31, 2015
Comprehensive Income (Loss) [Abstract]
Comprehensive Income (Loss)	8 . Comprehensive Income (Loss): Comprehensive income (loss) represents changes in equity during a period except those resulting from investments by and distributions to shareholders. The specific components include net income, pension liability and other post-retirement benefit adjustments, deferred gains and losses resulting from foreign currency translation adjustments and unrealized gains and losses on qualified foreign currency cash flow hedges. Other comprehensive income (loss) includes the following components: Three Months Ended December 31, 2014 2015 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (12,227) $ (12,227) $ (7,213) $ (7,213) Foreign currency cash flow hedges adjustment (490) (397) (231) (159) Pension liability adjustment 72 55 (62) (47) Other comprehensive income (loss) $ (12,645) $ (12,569) $ (7,506) $ (7,419) Nine Months Ended December 31, 2014 2015 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (40,593) $ (40,593) $ 3,033 $ 3,033 Foreign currency cash flow hedges adjustment (1,557) (1,289) (436) (334) Pension liability adjustment 315 239 (358) (271) Other comprehensive income (loss) $ (41,835) (41,643) $ 2,239 $ 2,428 Amounts reclassified out of accumulated other comprehensive income (loss) into net income include those that pertain to the Company’s pension plans and realized gains and losses on derivative instruments designated as cash flow hedges. Please see Note 1 0 for additional information related to the amortization of prior service cost and the recognized actuarial losses, which amounts are reclassified from accumulated other comprehensive income (loss) into net income and are included in selling, general and administrative expenses in the statement of operations during the three and nine month periods ended December 31 , 2014 and 2015. Please see Note 1 1 for additional information related to realized gains and losses on derivative instruments reclassified from accumulated other comprehensive income (loss) into net income during the three and nine month periods ended December 31 , 2014 and 2015.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Dec. 31, 2015
Segment and Geographic Information [Abstract]
Segment and Geographic Information	9 . Segment and Geographic Information: We have three reportable segments: Passive Components, KED Resale, and Interconnect. The Passive Components segment consists primarily of surface mount and leaded ceramic capacitors, RF thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, super capacitors, EMI filters (bolt in and surface mount), thick and thin film packages of multiple passive integrated components, varistors, thermistors, inductors, and resistive products manufactured or supplied by AVX . The KED Resale segment consists primarily of ceramic capacitors, frequency control devices, SAW devices, sensor products, RF modules, actuators, acoustic devices, and connectors produced by Kyocera and resold by AVX. The Interconnect segment consists primarily of automotive, telecom, and memory connectors manufactured or supplied by AVX Interconnect and KCP Resale connector products. Sales and operating results from these reportable segments are shown in the tables below. In addition, we have a corporate administration group consisting of finance and administrative activities and a separate research and development group. We evaluate performance of our segments based upon sales and operating profit. There are no intersegment revenues. We allocate the costs of shared resources between segments based on each segment ’ s usage of the shared resources. Cash, accounts receivable, investments in securities, and certain other assets, which are centrally managed, are not readily allocable to operating segments. The tables below present information about reported segments: Three Months Ended Nine Months Ended December 31, December 31, Sales Revenue: 2014 2015 2014 2015 Ceramic Components $ 48,289 $ 45,617 $ 155,283 $ 130,495 Tantalum Components 82,876 75,344 272,810 234,905 Advanced Components 88,668 75,155 270,223 248,681 Total Passive Components 219,833 196,116 698,316 614,081 KDP and KCD Resale 52,761 59,064 176,093 176,951 KCP Interconnect Resale 16,958 5,211 58,127 17,622 Total KED Resale 69,719 64,275 234,220 194,573 AVX Interconnect 32,135 26,656 105,145 83,270 Total Revenue $ 321,687 $ 287,047 $ 1,037,681 $ 891,924 Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Operating profit (loss): Passive Components $ 51,574 $ 43,625 $ 165,244 $ 145,766 KED Resale 6,053 4,264 16,695 13,396 Interconnect 6,334 4,215 22,558 15,125 Corporate activities (13,574) (54,777) (38,418) (90,539) Total $ 50,387 $ (2,673) $ 166,079 $ 83,748 As of As of March 31, 2015 December 31, 2015 Assets: Passive Components $ 742,543 $ 711,472 KED Resale 39,900 25,146 Interconnect 46,111 48,043 Cash, A/R, and investments in securities 1,182,527 1,153,759 Goodwill - Passive components 202,774 202,774 Goodwill - Interconnect 10,277 10,277 Corporate activities 234,883 202,093 Total $ 2,459,015 $ 2,353,564 The following geographic data is based upon net sales generated by operations located within particular geographic are as. Substantially all of the sales in the Americas region were generated in the United States. Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Net sales: Americas $ 95,801 $ 84,522 $ 302,192 $ 266,317 Europe 92,281 81,752 298,072 253,179 Asia 133,605 120,773 437,417 372,428 Total $ 321,687 $ 287,047 $ 1,037,681 $ 891,924

Pension Plans

Pension Plans	9 Months Ended
	Dec. 31, 2015
Pension Plans [Abstract]
Pension Plans	1 0 . Pension Plans: Net periodic pension cost for our defined benefit plans consisted of the following for the three and nine months ended December 31 , 2014 and 2015: U.S. Plans International Plans Three Months Ended Three Months Ended December 31, December 31, 2014 2015 2014 2015 Service cost $ 49 $ 49 $ 237 $ 244 Interest cost 397 385 1,662 1,358 Expected return on plan assets (552) (528) (1,948) (1,651) Recognized actuarial loss 201 396 466 541 Net periodic pension cost $ 95 $ 302 $ 417 $ 492 U.S. Plans International Plans Nine Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Service cost $ 147 $ 148 $ 753 $ 737 Interest cost 1,191 1,154 5,189 4,116 Expected return on plan assets (1,657) (1,585) (6,079) (5,004) Recognized actuarial loss 603 1,188 1,453 1,640 Net periodic pension cost $ 284 $ 905 $ 1,316 $ 1,489 Based on current actuarial computations, during the nine months ended December 31 , 2015, we made contributions of $ 5,556 to the international plans. We expect to make additional contributions of approximately $ 1,850 to the international plans over the remainder of fiscal 2016. Based on current actuarial computations, w e made a contribution of $ 793 to the U.S. plans during the nine months ended December 31 , 2015 . W e do not anticipate making any additional contributions to the U.S. plans during the remainder of the fiscal year.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Dec. 31, 2015
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	11 . Derivative Financial Instruments: We are exposed to foreign currency exchange rate fluctuations in the normal course of business. We use derivative instruments (forward contracts) to hedge certain foreign currency exposures as part of our risk management strategy. The objective is to offset gains and losses resulting from these exposures with gains and losses on the forward contracts used to hedge them, thereby reducing volatility of earnings or protecting fair values of assets and liabilities. We do not enter into any trading or speculative positions with regard to derivative instruments. We primarily use forward contracts, with maturities less than four months, designated as cash flow hedges to protect against the foreign currency exchange rate risks inherent in our forecasted transactions related to purchase commitments and sales, denominated in various currencies. These derivative instruments are designated and qualify as cash flow hedges. The effectiveness of the cash flow hedges is determined by comparing the cumulative change in the fair value of the hedge contract with the cumulative change in the fair value of the hedged transaction, both of which are based on forward rates. The effective portion of the gain or loss on these cash flow hedges is initially recorded in accumulated other comprehensive income (loss) as a separate component of stockholders’ equity. Once the hedged transaction is recognized, the gain or loss is recognized in our statement of operations. At March 31, 2015 and December 31 , 2015, respectively, the following forward contracts were entered into to hedge against the volatility of foreign currency exchange rates for certain forecasted sales and purchases. March 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 1,090 Accrued expenses $ 864 December 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 675 Accrued expenses $ 885 For these derivatives designated as hedging instruments, during the three and nine months ended December 31, 2015, net pre-tax ( losses ) of $ (140) and $ (282) , respectively, were recognized in other comprehensive income (loss). In addition, during the three and nine months ended December 31 , 2015, net pre-tax ( losses ) of $ (483) and $ (1,036) , respectively, were reclassified from accumulated other comprehensive income (loss) into cost of sales (for hedging purchases), and net pretax gains of $ 581 and $ 1,219 , respectively, were reclassified from accumulated other comprehensive income (loss) into sales (for hedging sales) in the accompanying statement of operations. Derivatives not designated as cash flow hedging instruments consist primarily of forwards used to hedge foreign currency balance sheet exposures. These hedging instruments are used to offset foreign currency changes in the fair values of the underlying assets and liabilities. The gains and losses on these foreign currency forward contracts are recognized in other income in the same period as the remeasurement gains and losses of the related foreign currency denominated assets and liabilities and thus naturally offset these gains and losses. At March 31, 2015 and December 31 , 2015, we had the following forward contracts that were entered into to hedge against these exposures. March 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 189 Accrued expenses $ 306 December 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 202 Accrued expenses $ 133 For these derivatives not designated as cash flow hedging instruments during the three and nine months ended December 31 , 2015, gains ( losses ) of $ (853) and $ (1,361) , respectively, in hedging contracts were recognized in other income, along with the approximately $ ( 944) and $ (681) in exchange gains (losses) that were recognized in other income in the accompanying statement of operations. At March 31, 2015 and December 31 , 2015, we had outstanding foreign exchange contracts with notional amounts totaling $ 205,911 and $ 209,065 , respectively, denominated primarily in euros, Czech korunas, British pounds, and Japanese yen.

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events: On January 26, 2016 (following the Company’s issuance of its quarterly earnings release), in the case filed in the United States District Court for the District of Delaware captioned Greatbatch, Inc. v AVX Corporation, the jury returned a verdict in favor of the plaintiff and found damages to Greatbatch in the amount of $ 37,500 . AVX is reviewing the verdict and consulting with its legal advisors on what action AVX may take in response. See Note 7 for additional information with regard to this case. On February 3, 2016 , the Board of Directors of the Company declared a $ 0.105 dividend per share of common stock with respect to the quarter ended December 31, 2015. The dividend will be paid to stockholders of record on February 19, 2016 and will be disbursed on March 4, 2016 .

Basis of Presentation (Policy)

Basis of Presentation (Policy)	9 Months Ended
	Dec. 31, 2015
Basis of Presentation [Abstract]
New Accounting Standards	New Accounting Standards In April 2014, the Financial Accounting Standards Board ( FASB ) issued ASU 2014-08, which changes the criteria for determining which disposals are required to be presented as discontinued operations. The changes require a disposal of a component of an entity or a group of components of an entity to be reported in discontinued operations if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results when any of the following occurs: (i) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale, (ii) the component of an entity or group of components of an entity is disposed of by sale, or (iii) the component of an entity or group of components of an entity is disposed of other than by sale. The amendments apply on a prospective basis to disposals of components of an entity that occur within annual periods beginning on or after December 15, 2014 and interim periods within those years, with early adoption permitted. The implementation of the amended accounting guidance on January 1, 2015 did not have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” This guidance modifies the financial reporting of revenue and how an entity will determine the measurement of revenue and timing of when it is recognized. The guidance provides for a five-step approach in applying the standard: 1) identifying the contract with the customer, 2) identifying separate performance obligations in the contract, 3) determining the transaction price, 4) allocating the transaction price to separate performance obligations, and 5) recognizing the revenue when the performance obligation has been satisfied. The new guidance requires enhanced disclosures for the nature, amount, timing, and uncertainty of revenue that is being recognized. The guidance is effective for public companies for interim and annual reporting periods beginning after December 15, 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. Early adoption is permitted. Management is currently evaluating the impact of this guidance on our consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, “Income Taxes.” This guidance simplifies the presentation of deferred income taxes which have previously been split between current and noncurrent deferred tax assets and liabilities. Accordingly, the recording and presentation of deferred income taxes are required to be presented as noncurrent in a classified statement of financial position. The guidance is effective for public companies for interim and annual reporting periods beginning after December 15, 201 6. Early adoption is permitted and management has elected to adopt this guidance prospectively beginning with the interim reporting period ending December 31, 2015. The impact on the Balance Sheet as of March 31, 2015 would have been a decrease in current deferred income tax assets of $76,963 and an increase in non-current deferred income tax assets of $76,963 as well as a decrease of current deferred income tax liabilities of $ 424 and an increase of non-current deferred income tax liabilities of $424 . We have reviewed other newly issued accounting pronouncements and concluded that they are either not applicable to our business or that no material effect is expected on our consolidated financial statements as a result of adoption.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Basic and diluted weighted average number of shares of common stock and potential common stock equivalents	Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Net income $ 38,953 $ 5,374 $ 124,345 $ 68,870 Computation of Basic EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 168,164 167,655 168,117 167,883 Basic earnings per share $ 0.23 $ 0.03 $ 0.74 $ 0.41 Computation of Diluted EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 168,164 167,655 168,117 167,883 Effect of stock options 278 178 258 200 Weighted Average Shares used in Computing Diluted EPS (1) 168,442 167,833 168,375 168,083 Diluted earnings per share $ 0.23 $ 0.03 $ 0.74 $ 0.41 (1) Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been antidilutive were 1,750 shares and 2,725 shares for the three months ended December 31, 2014 and 2015, respectively and 2,321 and 2,548 for the nine months ended December 31, 2014 and 2015, respectively.

Trade Accounts Receivable (Tabl

Trade Accounts Receivable (Tables)	9 Months Ended
	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade Accounts Receivable	March 31, 2015 December 31, 2015 Gross Accounts Receivable - Trade $ 209,838 $ 173,887 Less: Allowances for doubtful accounts 659 389 Stock rotation and ship from stock and debit 16,378 14,969 Sales returns and discounts 6,186 6,757 Total allowances 23,223 22,115 $ 186,615 $ 151,772
Allowances for Doubtful Accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowances	Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Allowances for doubtful accounts: Beginning Balance $ 579 $ 732 $ 410 $ 659 Charges - - 185 81 Applications 1 (343) (15) (351) Ending Balance $ 580 $ 389 $ 580 $ 389
Stock Rotation And Ship From Stock And Debit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowances	Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Stock rotation and ship from stock and debit: Beginning Balance $ 18,104 $ 16,171 $ 17,138 $ 16,378 Charges 8,377 7,309 27,428 22,157 Applications (8,385) (8,511) (26,470) (23,566) Ending Balance $ 18,096 $ 14,969 $ 18,096 $ 14,969
Sales Returns And Discounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowances	Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Sales returns and discounts: Beginning Balance $ 6,554 $ 6,430 $ 6,356 $ 6,186 Charges 5,970 7,305 15,396 17,903 Applications (5,582) (6,958) (14,748) (17,341) Translation and other (121) (20) (183) 9 Ending Balance $ 6,821 $ 6,757 $ 6,821 $ 6,757

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Dec. 31, 2015
Fair Value [Abstract]
Assets and liabilities measured at fair value on a recurring basis	Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2015 (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Assets held in the non-qualified deferred compensation program (1) $ 8,636 $ 8,636 $ - $ - Foreign currency derivatives (2) 1,279 - 1,279 - Total $ 9,915 $ 8,636 $ 1,279 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2015 (Level 1) (Level 2) (Level 3) Liabilities measured at fair value on a recurring basis: Obligation related to assets held in the non-qualified deferred compensation program (1) $ 8,636 $ 8,636 $ - $ - Foreign currency derivatives (2) 1,170 - 1,170 - Total $ 9,806 $ 8,636 $ 1,170 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2015 (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Assets held in the non-qualified deferred compensation program (1) $ 5,351 $ 3,883 $ 1,468 $ - Foreign currency derivatives (2) 877 - 877 - Total $ 6,228 $ 3,883 $ 2,345 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2015 (Level 1) (Level 2) (Level 3) Liabilities measured at fair value on a recurring basis: Obligation related to assets held in the non-qualified deferred compensation program (1) $ 5,351 $ 3,883 1,468 $ - Foreign currency derivatives (2) 1,018 - 1,018 - Total $ 6,369 $ 3,883 $ 2,486 $ - (1) The market value of the assets held in the trust for the non-qualified deferred compensation program is included as an asset and as a liability as the trust’s assets are both assets of the Company and also a liability as they are available to general creditors in certain circumstances. (2) Foreign currency derivatives in the form of forward contracts are included in prepaid and other and accrued expenses in the consolidated balance sheets. Unrealized gains and losses on derivatives classified as cash flow hedges are recorded in other comprehensive income (loss). Realized gains and losses on derivatives classified as cash flow hedges are recorded in the consolidated statement of operations as revenues and costs of sales and gains and losses on derivatives not designated as hedges are recorded in other income.

Financial Instruments and Inv23

Financial Instruments and Investments in Securities (Tables)	9 Months Ended
	Dec. 31, 2015
Financial Instruments and Investments in Securities [Abstract]
Investments in held-to-maturity securities, recorded at amortized cost	March 31, 2015 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Commercial paper $ 34,493 $ - $ (13) $ 34,480 Corporate bonds 2,517 - - 2,517 Time deposits 424,891 227 - 425,118 Long-term investments: Corporate bonds 150,029 51 (53) 150,027 $ 611,930 $ 278 $ (66) $ 612,142 December 31, 2015 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Time deposits $ 489,757 $ 261 $ - $ 490,018 Long-term investments: Corporate bonds 85,691 - (266) 85,425 $ 575,448 $ 261 $ (266) $ 575,443
Amortized cost and estimated fair value of held-to-maturity investments, by contractual maturity	Held-to-Maturity Amortized Estimated Cost Fair Value Due in one year or less $ 489,757 $ 490,018 Due after one year through five years 85,691 85,425 Total $ 575,448 $ 575,443

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Dec. 31, 2015
Inventories [Abstract]
Inventories	March 31, 2015 December 31, 2015 Finished goods $ 102,212 $ 80,113 Work in process 106,627 99,443 Raw materials and supplies 327,073 310,737 $ 535,912 $ 490,293

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Dec. 31, 2015
Comprehensive Income (Loss) [Abstract]
Comprehensive income (loss)	Three Months Ended December 31, 2014 2015 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (12,227) $ (12,227) $ (7,213) $ (7,213) Foreign currency cash flow hedges adjustment (490) (397) (231) (159) Pension liability adjustment 72 55 (62) (47) Other comprehensive income (loss) $ (12,645) $ (12,569) $ (7,506) $ (7,419) Nine Months Ended December 31, 2014 2015 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (40,593) $ (40,593) $ 3,033 $ 3,033 Foreign currency cash flow hedges adjustment (1,557) (1,289) (436) (334) Pension liability adjustment 315 239 (358) (271) Other comprehensive income (loss) $ (41,835) (41,643) $ 2,239 $ 2,428

Segment and Geographic Inform26

Segment and Geographic Information (Tables)	9 Months Ended
	Dec. 31, 2015
Segment and Geographic Information [Abstract]
Information about reported segments	Three Months Ended Nine Months Ended December 31, December 31, Sales Revenue: 2014 2015 2014 2015 Ceramic Components $ 48,289 $ 45,617 $ 155,283 $ 130,495 Tantalum Components 82,876 75,344 272,810 234,905 Advanced Components 88,668 75,155 270,223 248,681 Total Passive Components 219,833 196,116 698,316 614,081 KDP and KCD Resale 52,761 59,064 176,093 176,951 KCP Interconnect Resale 16,958 5,211 58,127 17,622 Total KED Resale 69,719 64,275 234,220 194,573 AVX Interconnect 32,135 26,656 105,145 83,270 Total Revenue $ 321,687 $ 287,047 $ 1,037,681 $ 891,924 Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Operating profit (loss): Passive Components $ 51,574 $ 43,625 $ 165,244 $ 145,766 KED Resale 6,053 4,264 16,695 13,396 Interconnect 6,334 4,215 22,558 15,125 Corporate activities (13,574) (54,777) (38,418) (90,539) Total $ 50,387 $ (2,673) $ 166,079 $ 83,748 As of As of March 31, 2015 December 31, 2015 Assets: Passive Components $ 742,543 $ 711,472 KED Resale 39,900 25,146 Interconnect 46,111 48,043 Cash, A/R, and investments in securities 1,182,527 1,153,759 Goodwill - Passive components 202,774 202,774 Goodwill - Interconnect 10,277 10,277 Corporate activities 234,883 202,093 Total $ 2,459,015 $ 2,353,564
Net sales generated by operations located within particular geographic areas	Three Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Net sales: Americas $ 95,801 $ 84,522 $ 302,192 $ 266,317 Europe 92,281 81,752 298,072 253,179 Asia 133,605 120,773 437,417 372,428 Total $ 321,687 $ 287,047 $ 1,037,681 $ 891,924

Pension Plans (Tables)

Pension Plans (Tables)	9 Months Ended
	Dec. 31, 2015
Pension Plans [Abstract]
Net periodic cost for defined benefit plans	U.S. Plans International Plans Three Months Ended Three Months Ended December 31, December 31, 2014 2015 2014 2015 Service cost $ 49 $ 49 $ 237 $ 244 Interest cost 397 385 1,662 1,358 Expected return on plan assets (552) (528) (1,948) (1,651) Recognized actuarial loss 201 396 466 541 Net periodic pension cost $ 95 $ 302 $ 417 $ 492 U.S. Plans International Plans Nine Months Ended Nine Months Ended December 31, December 31, 2014 2015 2014 2015 Service cost $ 147 $ 148 $ 753 $ 737 Interest cost 1,191 1,154 5,189 4,116 Expected return on plan assets (1,657) (1,585) (6,079) (5,004) Recognized actuarial loss 603 1,188 1,453 1,640 Net periodic pension cost $ 284 $ 905 $ 1,316 $ 1,489

Derivative Financial Instrume28

Derivative Financial Instruments (Tables)	9 Months Ended
	Dec. 31, 2015
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative instruments	March 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 1,090 Accrued expenses $ 864 December 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 675 Accrued expenses $ 885
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative instruments	March 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 189 Accrued expenses $ 306 December 31, 2015 Fair Value of Derivative Instruments Asset Derivatives Liability Derivatives Balance Balance Sheet Fair Sheet Fair Caption Value Caption Value Foreign exchange contracts Prepaid and other $ 202 Accrued expenses $ 133

Basis of Presentation (Out-of-P

Basis of Presentation (Out-of-Period Adjustments) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes		$ 76,963
Deferred income taxes - non-current	$ 124,194	79,276
Deferred income taxes		424
Deferred income taxes - non-current	6,092	$ 5,770
New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes	(76,963)
Deferred income taxes - non-current	76,963
Deferred income taxes	(424)
Deferred income taxes - non-current	$ 424

Earnings Per Share (Basic and d

Earnings Per Share (Basic and diluted weighted average number of shares of common stock and potential common stock equivalents) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Net income (loss)		$ 5,374	$ 38,953	$ 68,870	$ 124,345
Weighted Average Shares Outstanding used in computing Basic EPS		167,655	168,164	167,883	168,117
Basic earnings (loss) per share		$ 0.03	$ 0.23	$ 0.41	$ 0.74
Effect of stock options	[1]	178	278	200	258
Weighted Average Shares used in computing Diluted EPS		167,833	168,442	168,083	168,375
Diluted income (loss) per share		$ 0.03	$ 0.23	$ 0.41	$ 0.74
Antidilutive Securities excluded from computation of diluted EPS		2,725	1,750	2,548	2,321
[1]	Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been antidilutive were 1,750 shares and 2,725 shares for the three months ended December 31, 2014 and 2015, respectively and 2,321 and 2,548 for the nine months ended December 31, 2014 and 2015, respectively.

Trade Accounts Receivable (Trad

Trade Accounts Receivable (Trade Accounts Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Mar. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Accounts Receivable - Trade	$ 173,887		$ 209,838
Allowances	22,115		23,223
Net Accounts Receivable - Trade	151,772		186,615
Allowances for Doubtful Accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowances	389	$ 732	659	$ 580	$ 579	$ 410
Stock Rotation And Ship From Stock And Debit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowances	14,969	16,171	16,378	18,096	18,104	17,138
Sales Returns And Discounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowances	$ 6,757	$ 6,430	$ 6,186	$ 6,821	$ 6,554	$ 6,356

Trade Accounts Receivable (Allo

Trade Accounts Receivable (Allowances) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance			$ 23,223
Ending Balance	$ 22,115		22,115
Allowances for Doubtful Accounts [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	732	$ 579	659	$ 410
Charges			81	185
Applications	(343)	1	(351)	(15)
Ending Balance	389	580	389	580
Stock Rotation And Ship From Stock And Debit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	16,171	18,104	16,378	17,138
Charges	7,309	8,377	22,157	27,428
Applications	(8,511)	(8,385)	(23,566)	(26,470)
Ending Balance	14,969	18,096	14,969	18,096
Sales Returns And Discounts [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	6,430	6,554	6,186	6,356
Charges	7,305	5,970	17,903	15,396
Applications	(6,958)	(5,582)	(17,341)	(14,748)
Translation and other	(20)	(121)	9	(183)
Ending Balance	$ 6,757	$ 6,821	$ 6,757	$ 6,821

Fair Value (Measurement Inputs)

Fair Value (Measurement Inputs) (Details) - Recurring Basis [Member] - USD ($) $ in Thousands		Dec. 31, 2015	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in the non-qualified deferred compensation program	[1]	$ 5,351	$ 8,636
Foreign currency derivatives	[2]	877	1,279
Assets measured at fair value, Total		6,228	9,915
Obligation related to assets held in the non-qualified deferred compensation program	[1]	877	8,636
Foreign currency derivatives	[2]	6,228	1,170
Liabilities measured at fair value, Total			9,806
Quoted Prices In Active Markets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in the non-qualified deferred compensation program	[1]	$ 3,883	$ 8,636
Foreign currency derivatives	[2]
Assets measured at fair value, Total		$ 3,883	$ 8,636
Obligation related to assets held in the non-qualified deferred compensation program	[1]		$ 8,636
Foreign currency derivatives	[2]	$ 3,883
Liabilities measured at fair value, Total			$ 8,636
Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in the non-qualified deferred compensation program	[1]	$ 1,468
Foreign currency derivatives	[2]	877	$ 1,279
Assets measured at fair value, Total		2,345	$ 1,279
Obligation related to assets held in the non-qualified deferred compensation program	[1]	877
Foreign currency derivatives	[2]	$ 2,345	$ 1,170
Liabilities measured at fair value, Total			$ 1,170
Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in the non-qualified deferred compensation program	[1]
Foreign currency derivatives	[2]
Assets measured at fair value, Total
Obligation related to assets held in the non-qualified deferred compensation program	[1]
Foreign currency derivatives	[2]
Liabilities measured at fair value, Total
[1]	The market value of the assets held in the trust for the non-qualified deferred compensation program is included as an asset and as a liability as the trust's assets are both assets of the Company and also a liability as they are available to general creditors in certain circumstances.
[2]	Foreign currency derivatives in the form of forward contracts are included in prepaid and other and accrued expenses in the consolidated balance sheets. Unrealized gains and losses on derivatives classified as cash flow hedges are recorded in other comprehensive income (loss). Realized gains and losses on derivatives classified as cash flow hedges are recorded in the consolidated statement of operations as revenues and costs of sales and gains and losses on derivatives not designated as hedges are recorded in other income.

Financial Instruments and Inv34

Financial Instruments and Investments in Securities (Investments in held-to-maturity securities, recorded at amortized cost) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Cost	$ 575,448	$ 611,930
Gross Unrealized Gains	261	278
Gross Unrealized Losses	(266)	(66)
Estimated Fair Value	575,443	612,142
Short-Term Investments [Member] | Corporate Bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Short-term investments, Cost		$ 2,517
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value		$ 2,517
Short-Term Investments [Member] | Commercial Paper [Member]
Schedule of Held-to-maturity Securities [Line Items]
Short-term investments, Cost		$ 34,493
Gross Unrealized Gains
Gross Unrealized Losses		$ (13)
Estimated Fair Value		34,480
Short-Term Investments [Member] | Time Deposits [Member]
Schedule of Held-to-maturity Securities [Line Items]
Short-term investments, Cost	489,757	424,891
Gross Unrealized Gains	$ 261	$ 227
Gross Unrealized Losses
Estimated Fair Value	$ 490,018	$ 425,118
Long-Term Investments [Member] | Corporate Bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Long-term investment, Cost	$ 85,691	150,029
Gross Unrealized Gains		51
Gross Unrealized Losses	$ (266)	(53)
Estimated Fair Value	$ 85,425	$ 150,027

Financial Instruments and Inv35

Financial Instruments and Investments in Securities (Amortized cost and estimated fair value of held-to-maturity investments by contractual maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Financial Instruments and Investments in Securities [Abstract]
Due in one year or less, Amortized Cost	$ 489,757
Due after one year through five years, Amortized Cost	85,691
Total, Amortized Cost	575,448
Due in one year or less, Estimated Fair Value	490,018
Due after one year through five years, Estimated Fair Value	85,425
Held-to-maturity Securities, Fair Value, Total	$ 575,443	$ 612,142

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Inventories [Abstract]
Finished goods	$ 80,113	$ 102,212
Work in process	99,443	106,627
Raw materials and supplies	310,737	327,073
Total Inventory	$ 490,293	$ 535,912

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Oct. 16, 2015USD ($)	May. 26, 2015USD ($)	Dec. 31, 2015USD ($)item	Dec. 31, 2015USD ($)item	Mar. 31, 2015USD ($)
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies			$ 11,024	$ 11,024
Contractual Obligation, Due in Third Year			$ 122,083	122,083
Litigation Settlement Interest		$ 1,106
Loss Contingency, Patents Allegedly Infringed, Number | item			9
Loss Contingency, Damages Awarded, Value			$ 37,500
Estimated Litigation Liability			39,250	39,250
Unfavorable Regulatory Action [Member]
Loss Contingencies [Line Items]
Environmental reserves			15,602	15,602	$ 138,146
Environmental reserves classified as accrued expenses			4,702	$ 4,702	127,246
Environmental reserves classified as other non-current liabilities					$ 10,900
Unilateral Administrative Order [Member]
Loss Contingencies [Line Items]
Site Contingency, Timing of Disbursements				2 years
Site Contingency, Number of Disbursements | item				3
Accrual for Environmental Loss Contingencies			$ 366,250	$ 366,250
Subsequent Event [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 6,500

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Comprehensive Income (Loss) [Abstract]
Foreign currency translation adjustment, Pre-tax	$ (7,213)	$ (12,227)	$ 3,033	$ (40,593)
Foreign currency cash flow hedges adjustment, Pre-tax	(231)	(490)	(436)	(1,557)
Pension liability adjustment, Pre-tax	(62)	72	(358)	315
Other comprehensive income (loss), Pre-tax	(7,506)	(12,645)	2,239	(41,835)
Foreign currency translation adjustment, Net of tax	(7,213)	(12,227)	3,033	(40,593)
Foreign currency cash flow hedges adjustment, Net of tax	(159)	(397)	(334)	(1,289)
Pension liability adjustment, Net of tax	(47)	55	(271)	239
Other comprehensive income (loss), net of income taxes	$ (7,419)	$ (12,569)	$ 2,428	$ (41,643)

Segment and Geographic Inform39

Segment and Geographic Information (Information about reporting segments, net sales) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net Sales	$ 287,047	$ 321,687	$ 891,924	$ 1,037,681
Passive Components [Member]
Segment Reporting Information [Line Items]
Net Sales	196,116	219,833	614,081	698,316
Ceramic Components [Member]
Segment Reporting Information [Line Items]
Net Sales	45,617	48,289	130,495	155,283
Tantalum Components [Member]
Segment Reporting Information [Line Items]
Net Sales	75,344	82,876	234,905	272,810
Advanced Components [Member]
Segment Reporting Information [Line Items]
Net Sales	75,155	88,668	248,681	270,223
KED Resale [Member]
Segment Reporting Information [Line Items]
Net Sales	64,275	69,719	194,573	234,220
KDP And KCD Resale [Member]
Segment Reporting Information [Line Items]
Net Sales	59,064	52,761	176,951	176,093
KCP Resale [Member]
Segment Reporting Information [Line Items]
Net Sales	5,211	16,958	17,622	58,127
Interconnect [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 26,656	$ 32,135	$ 83,270	$ 105,145

Segment and Geographic Inform40

Segment and Geographic Information (Information about reporting segments, operating profit) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Operating profit (loss)	$ (2,673)	$ 50,387	$ 83,748	$ 166,079
Passive Components [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	43,625	51,574	145,766	165,244
KED Resale [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	4,264	6,053	13,396	16,695
Interconnect [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	4,215	6,334	15,125	22,558
Corporate Administration [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	$ (54,777)	$ (13,574)	$ (90,539)	$ (38,418)

Segment and Geographic Inform41

Segment and Geographic Information (Information about reporting segments, assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Segment Reporting Information [Line Items]
Assets	$ 2,353,564	$ 2,459,015
Passive Components [Member]
Segment Reporting Information [Line Items]
Assets	711,472	742,543
Cash A/R And Investments In Securities [Member]
Segment Reporting Information [Line Items]
Assets	1,153,759	1,182,527
KED Resale [Member]
Segment Reporting Information [Line Items]
Assets	25,146	39,900
Goodwill - Passive Components [Member]
Segment Reporting Information [Line Items]
Assets	202,774	202,774
Interconnect [Member]
Segment Reporting Information [Line Items]
Assets	48,043	46,111
Goodwill - Interconnect [Member]
Segment Reporting Information [Line Items]
Assets	10,277	10,277
Corporate Administration [Member]
Segment Reporting Information [Line Items]
Assets	$ 202,093	$ 234,883

Segment and Geographic Inform42

Segment and Geographic Information (Net sales generated by operations located within particular geographic areas) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 287,047	$ 321,687	$ 891,924	$ 1,037,681
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	84,522	95,801	266,317	302,192
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	81,752	92,281	253,179	298,072
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 120,773	$ 133,605	$ 372,428	$ 437,417

Pension Plans (Narrative) (Deta

Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2015
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions made		$ 793
International Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions made	$ 5,556
Expected additional contributions	$ 1,850

Pension Plans (Net periodic pen

Pension Plans (Net periodic pension cost for defined benefit plans) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 49	$ 49	$ 148	$ 147
Interest cost	385	397	1,154	1,191
Expected return on plan assets	(528)	(552)	(1,585)	(1,657)
Recognized actuarial loss	396	201	1,188	603
Net periodic pension cost	302	95	905	284
International Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	244	237	737	753
Interest cost	1,358	1,662	4,116	5,189
Expected return on plan assets	(1,651)	(1,948)	(5,004)	(6,079)
Recognized actuarial loss	541	466	1,640	1,453
Net periodic pension cost	$ 492	$ 417	$ 1,489	$ 1,316

Derivative Financial Instrume45

Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Mar. 31, 2015
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net pre-tax gains (losses) recognized in OCI	$ (140)	$ (282)
Gain on Derivative Instruments, Pretax	581	1,219
Loss On Derivative Instruments Pretax	483	(1,036)
Hedging contract gains (losses) recognized in other income (expense)	(853)	(1,361)
Exchange gains (losses) recognized in other income (expense)	(944)	(681)
Outstanding foreign exchange contracts	$ 209,065	$ 209,065	$ 205,911
Foreign Exchange Forward [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract maximum maturity term		4 months

Derivative Financial Instrume46

Derivative Financial Instruments (Fair value of Derivative Instruments) (Details) - Foreign Exchange Contract [Member] - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Designated as Hedging Instrument [Member] | Prepaid And Other [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 675	$ 1,090
Designated as Hedging Instrument [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 885	864
Not Designated as Hedging Instrument [Member] | Prepaid And Other [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value		189
Not Designated as Hedging Instrument [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value		$ 306

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - $ / shares	Oct. 22, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Dividends declared, dividend per share		$ 0.105	$ 0.105	$ 0.315	$ 0.295
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends declared, dividend per share	$ 0.105
Dividends payable, date declared		Feb. 3, 2016
Dividends payable, date of record		Feb. 19, 2016
Dividends payable, date to be paid		Mar. 4, 2016