AVX (AVX) 10-Q 8 Feb 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 31, 2017	Feb. 06, 2018
Document Information [Line Items]
Entity Registrant Name	AVX Corp
Entity Central Index Key	859,163
Trading Symbol	avx
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		168,363,769
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Assets
Cash and cash equivalents	$ 464,173	$ 578,634
Short-term investments in securities	541,215	528,748
Accounts receivable - trade, net	241,255	176,730
Accounts receivable - affiliates	7,615	10,074
Inventories, net	497,291	474,128
Income taxes receivable	3,205	34,287
Prepaid and other	53,689	33,803
Total current assets	1,808,443	1,836,404
Property and equipment, net	374,976	239,951
Goodwill	230,018	213,051
Intangible assets, net	67,503	53,650
Deferred income taxes	89,425	124,589
Other assets	15,026	9,768
Total Assets	2,585,391	2,477,413
Liabilities and Stockholders' Equity
Accounts payable - trade	69,291	43,778
Accounts payable - affiliates	33,975	36,663
Income taxes payable	15,440	3,944
Accrued payroll and benefits	42,017	32,980
Accrued expenses	111,809	98,702
Total current liabilities	272,532	216,067
Pensions	13,417	12,663
Deferred income taxes	10,615	957
Income taxes payable	69,511
Other liabilities	38,823	31,247
Total Liabilities	404,898	260,934
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, 176,369 shares; outstanding, 167,930 and 168,317 shares at March 31, 2017 and December 31, 2017, respectively	1,764	1,764
Additional paid-in capital	359,109	357,203
Retained earnings	1,950,016	2,033,285
Accumulated other comprehensive (loss)	(26,776)	(67,163)
Treasury stock, at cost: Treasury stock, at cost: 8,439 and 8,051 shares at March 31, 2017 and December 31, 2017, respectively	(103,620)	(108,610)
Total Stockholders' Equity	2,180,493	2,216,479
Total Liabilities and Stockholders' Equity	$ 2,585,391	$ 2,477,413

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands	Dec. 31, 2017	Mar. 31, 2017
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)
Preferred stock, shares outstanding (in shares)
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000	300,000
Common stock, shares issued (in shares)	176,369	176,369
Common stock, shares outstanding (in shares)	168,317	167,930
Treasury stock, shares (in shares)	8,051	8,439

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net sales		$ 431,795	$ 340,799	$ 1,115,842	$ 983,083
Cost of sales		349,692	261,408	882,620	772,030
Gross profit		82,103	79,391	233,222	211,053
Selling, general and administrative expenses		36,772	28,450	100,674	88,974
Legal and environmental charges					3,600
Profit from operations		45,331	50,941	132,548	118,479
Other income (loss):
Interest income		2,907	1,952	10,305	5,298
Other, net		(686)	(547)	(1,917)	3,901
Income before income taxes		47,552	52,346	140,936	127,678
Provision for income taxes		140,764	16,827	167,846	35,750
Net income (loss)		$ (93,212)	$ 35,519	$ (26,910)	$ 91,928
Income (loss) per share:
Basic (in dollars per share)		$ (0.55)	$ 0.21	$ (0.16)	$ 0.55
Diluted (in dollars per share)		(0.55)	0.21	(0.16)	0.55
Dividends declared (per share) (in dollars per share)		$ 0.115	$ 0.11	$ 0.34	$ 0.325
Weighted average common shares outstanding:
Basic (in shares)		168,313	167,418	168,216	167,399
Diluted (in shares)	[1],[2]	168,313	167,856	168,216	167,664
[1]	Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been antidilutive were 776 shares and no shares for the three months ended December 31, 2016 and 2017, respectively and 1,580 shares and 121 shares for the nine months ended December 31, 2016 and 2017, respectively. In addition, 777 and 653 shares that would have been dilutive if we had income were excluded from diluted earnings per share due to the Company's net loss position for the three and nine month periods ended December 31, 2017.
[2]	Due to QTD and YTD net loss, Basic shares used in computation for the three and nine month periods ended December 31, 2017

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net income (loss)	$ (93,212)	$ 35,519	$ (26,910)	$ 91,928
Other comprehensive income (loss), net of income taxes
Foreign currency translation adjustment	7,749	(28,157)	41,196	(26,363)
Foreign currency cash flow hedges adjustment	(518)	(2,453)	(939)	(1,926)
Pension liability adjustment	243	16	130	(765)
Other comprehensive income (loss), net of income taxes	7,474	(30,594)	40,387	(29,054)
Comprehensive income (loss)	$ (85,738)	$ 4,925	$ 13,477	$ 62,874

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating Activities:
Net income (loss)	$ (26,910)	$ 91,928
Adjustment to reconcile net income to net cash from operating activities:
Depreciation and amortization	38,258	30,752
Stock-based compensation expense	2,527	1,839
Deferred income taxes	40,666	(4,225)
Gain (loss) on disposal of property and equipment	60	(2,014)
Changes in operating assets and liabilities, excluding acquisition:
Accounts receivable	(3,499)	(14,506)
Inventories	28,152	14,974
Accounts payable and accrued expenses	(55,523)	33,497
Income taxes payable	81,159	(23,473)
Other assets	36,297	10,979
Other liabilities	19,763	20,529
Net cash provided by operating activities	160,950	160,280
Investing Activities:
Purchases of property and equipment	(65,249)	(45,589)
Purchase of business, net of cash acquired	(150,277)
Purchases of investment securities	(1,476,235)	(1,001,900)
Redemptions of investment securities	1,466,490	956,754
Proceeds from property, plant & equipment dispositions	10	11,266
Other investing activities	(969)
Net cash used in investing activities	(226,230)	(79,469)
Financing Activities:
Dividends paid	(56,359)	(53,554)
Purchase of treasury stock		(4,833)
Proceeds from exercise of stock options	4,369	5,938
Payments of tax withholdings for vested restricted stock units	(498)
Excess tax benefit from stock-based payment arrangements		367
Net cash used in financing activities	(52,488)	(52,082)
Effect of exchange rate on cash	3,307	(2,042)
Increase (decrease) in cash and cash equivalents	(114,461)	26,687
Cash and cash equivalents at beginning of period	578,634	454,208
Cash and cash equivalents at end of period	$ 464,173	$ 480,895

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. 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, and cash flows for the periods presented. Operating results for the three nine December 31, 2017 not may March 31, 2018 10 March 31, 2017. 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 March 31, 2017. 10 10 March 31, 2017. three nine December 31, 2017, no In relation to critical estimates for income taxes, the Tax Cuts and Jobs Act Act”) was enacted into law in the U.S. on December 22, 2017. 35% 21%, January 1, 2018. March 2018, 27% 2018. $24.7 one December 31, 2017, one 15.5% 8% one 31, 2017, $75.6 eight 2018. Based on our current interpretation of the Act, we made reasonable estimates to record provisional adjustments during our fiscal third December 31, 2017. In consideration of the Act, the Company has determined that it is no Accordingly, we provided for estimated foreign withholding taxes and associated foreign tax credits related to the potential distribution of such earnings. Therefore, in addition to the one $13.6 Relevant N ew Accounting Standards In May 2014, 2014 09, .” This guidance modifies how an entity will determine the measurement of revenue and timing of when it is recognized. The guidance provides for a five 1 2 3 4 5 December 15, 2017. may 2014 09. In February 2016, 2016 02, 1 2 3 activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement Regarding operating leases, lessees are required to 1 2 3 December 15, 2018. no 2016 02. In March 2016, 2016 09, — Stock Compensation.” The standard is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. The guidance is effective for public companies for annual reporting periods beginning after December 15, 2016, June 30, 2017 not In January 2017, 2017 04, – Goodwill and Other.” This guidance simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 2 not zero 2 December 15, 2019. June 30, 2017. not In August 2017, 2017 12, December 15, 2018,

Note 2 - Acquisitions

Note 2 - Acquisitions	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2. On October 2, 2017, business from TT Electronics, PLC, for $150.3 The Company has used the acquisition method of accounting to record the transaction in accordance with FASB Accounting Standards Codification Topic 805, .” In accordance with the acquisition method, the purchase price is allocated to the assets acquired and liabilities assumed based on their estimated fair values with the excess being allocated to goodwill. Factors that contributed to the recognition of goodwill include expected synergies and the trained workforce. The goodwill is not As of December 31, 201 7, Assets Acquired and Liabilities Assumed Allocation of Purchase Price Accounts receivable $ 50,425 Inventory 38,738 Other current assets and liabilities (57,531 ) Working capital 31,632 Property and equipment 83,854 Intangible Assets 18,168 Total identified assets and liabilities 133,654 Purchase price 150,277 Goodwill $ 16,623 The purchase price allocation has been prepared based on preliminary estimates. Therefore, final amounts recorded may The unaudited pro forma combined financial information is provided for the three nine December 31, 2016 and 2017 April 1, 2016. three December 31, 2016 $414,186 $431,795, nine December 31, 2016 2017 $1,220,787 $1,289,793,

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	3 . 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. Equity awards 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, 2016 2017 2016 2017 Net income (loss) $ 35,519 $ (93,212 ) $ 91,928 $ (26,910 ) Computation of Basic EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 167,418 168,313 167,399 168,216 Basic earnings (loss) per share $ 0.21 $ (0.55 ) $ 0.55 $ (0.16 ) Computation of Diluted EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 167,418 168,313 167,399 168,216 Effect of stock options 438 - 265 - Weighted Average Shares used in Computing Diluted EPS (1) 167,856 168,313 167,664 168,216 Diluted earnings (loss) per share $ 0.21 $ (0.55 ) $ 0.55 $ (0.16 ) ( 1 not 776 no three December 31, 2016 2017, respectively and 1,580 121 nine December 31, 2016 2017, 777 653 three nine December 31, 2017.

Note 4 - Trade Accounts Receiva

Note 4 - Trade Accounts Receivable	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4 . Trade Accounts Receivable: March 31, 2017 December 31, 2017 Gross Accounts Receivable - Trade $ 198,491 $ 264,360 Less: Allowances for doubtful accounts 1,285 1,181 Stock rotation and ship from stock and debit 14,853 15,527 Sales returns and discounts 5,623 6,397 Total allowances 21,761 23,105 $ 176,730 $ 241,255 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, 2016 2017 2016 2017 Allowances for doubtful accounts: Beginning Balance $ 1,160 $ 601 $ 423 $ 1,285 Charges 45 - 782 164 Applications - (143) - (991 ) Translation, Acquisition and other - 723 - 723 Ending Balance $ 1,205 $ 1,181 $ 1,205 $ 1,181 Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Stock rotation and ship from stock and debit: Beginning Balance $ 18,803 $ 15,119 $ 14,314 $ 14,853 Charges 5,362 8,309 19,649 22,575 Applications (6,600 ) (7,901 ) (16,398 ) (21,901 ) Ending Balance $ 17,565 $ 15,527 $ 17,565 $ 15,527 Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Sales returns and discounts: Beginning Balance $ 6,138 $ 5,076 $ 6,681 $ 5,623 Charges 4,698 6,105 12,079 12,885 Applications (3,388 ) (4,877 ) (11,307 ) (12,249 ) Translation, Acquisition and other (52 ) 93 (57 ) 138 Ending Balance $ 7,396 $ 6,397 $ 7,396 $ 6,397

Note 5 - Fair Value

Note 5 - Fair Value	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5 . Fair Value: Fair Value Hierarchy: The fair value framework requires the categorization of assets and liabilities into three 1 3 three - Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities. - Level 2 : Observable inputs other than those included in Level 1. - Level 3 : Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. During the thre e and nine December 31, 2016 2017, no Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2017 (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) $ 6,082 $ 4,810 $ 1,272 $ - Foreign currency derivatives (2) 1,492 - 1,492 - Total $ 7,574 $ 4,810 $ 2,764 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2017 (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 com pensation program (1) $ 6,082 $ 4,810 $ 1,272 $ - Foreign currency derivatives (2) 886 - 886 - Total $ 6,968 $ 4,810 $ 2,158 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2017 (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) $ 6,970 $ 5,788 $ 1,182 $ - Foreign currency derivatives (2) 237 - 237 - Total $ 7,207 $ 5,788 $ 1,419 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2017 (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) $ 6,970 $ 5,788 $ 1,182 $ - Foreign currency derivatives (2) 999 - 999 - Total $ 7,969 $ 5,788 $ 2,181 $ - ( 1 ’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 assets or accrued expenses in the consolidated balance sheets. Unrealized gains and losses on derivatives designated as cash flow hedges are recorded in other comprehensive income (loss). Realized gains and losses on derivatives designated as cash flow hedges and gains and losses on derivatives not Valuation Techniques: The following describes valuation techni ques 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 2 Investments are considered to b e 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 Derivatives We primarily use forward contracts, with maturities generally less than four not March 31, 2017 December 31, 2017, 2

Note 6 - Financial Instruments

Note 6 - Financial Instruments and investments in Securities	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	6 . Financial Instruments and Investments in Securities: At March 31, 201 7 December 31, 2017, 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-maturity securities investments are recorded as interest income. Investments in held-to-maturity securities, recorded at amortized cost, were as follows: March 31, 2017 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Corporate bonds $ 10,120 $ - $ (1 ) $ 10,119 Time deposits 518,628 148 - 518,776 $ 528,748 $ 148 $ (1 ) $ 528,895 December 31, 2017 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Commercial paper $ 9,998 $ 35 $ - $ 10,033 Time deposits 531,217 123 - 531,340 $ 541,215 $ 158 $ - $ 541,373 The amortized cost and estimated fair value of h eld-to-maturity investments at December 31, 2017, two 2 may may Held-to-Maturity Amortized Estimated Cost Fair Value Due in one year or less $ 541,215 $ 541,373 Due after one year through five years - - Total $ 541,215 $ 541,373

Note 7 - Inventories

Note 7 - Inventories	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	7 . Inventories: March 31, 2017 December 31, 2017 Finished goods $ 92,563 $ 96,114 Work in process 107,392 119,421 Raw materials 274,173 281,756 $ 474,128 $ 497,291

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingencies	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	8 . 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 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 O n June 3, 2010, may $14,270 December 31, 2017, no We had total reserves of approximately $19,181 $18,773 March 31, 2017 December 31, 2017, $3,892 $3,484 March 31, 2017 December 31, 2017, $15,289 March 31, 2017 December 31, 2017. On April 19, 2016, ’s Order naming AVX Corporation, and others, as responsible parties with respect to a location in Hamilton, Ontario that was at one November 4, 2015. may We also operate , or did at one may may may not not not third On April 25, 2013, Greatbatch, Inc. v . AVX Corporation one six January 26, 2016, first second $37,500. third not On September 2, 2014, of the Southern District of California captioned Presidio Components, Inc. v. American Technical Ceramics Corp. that certain ATC products infringe on a Presidio patent. On April 18, 2016, August 17, 2016, November 16, 2016. October 21, 2016, March 17, 2017 June 17, 2016. November 16, 2016 December, 2017, W e had total reserves of $74,559 $74,538 March 31, 2017 December 31, 2017, two During calendar year 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, British Columbia, Saskatchewan and Manitoba alleging violations of United States, state and Canadian antitrust laws asserting that AVX and numerous other companies were 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. not We are involved in other disputes, warranty, and legal proceedings arising in the normal course of business. While we cannot predict the outcome of these other disputes and proceedings, we believe, based upon a review with legal counsel, that none However, we cannot be certain of the eventual outcome in these or other matters that may

Note 9 - Comprehensive Income (

Note 9 - Comprehensive Income (Loss)	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	9 . Comprehensive Income (Loss): Comprehensive income (loss) represents changes in equity during a period except those resulting from investments by and distributions to shareholders. The specifi c 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, 2016 2017 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (28,157 ) $ (28,157 ) $ 7,749 $ 7,749 Foreign currency cash flow hedges adjustment (3,061 ) (2,453 ) (690 ) (518 ) Pension liability adjustment 22 16 321 243 Other comprehensive income (loss) $ (31,196 ) $ (30,594 ) $ 7,380 $ 7,474 Nine Months Ended December 31, 2016 2017 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (26,363 ) $ (26,363 ) $ 41,196 $ 41,196 Foreign currency cash flow hedges adjustment (2,440 ) (1,926 ) (1,215 ) (939 ) Pension liability adjustment (1,013 ) (765 ) 171 130 Other comprehensive income (loss) $ (29,816 ) $ (29,054 ) $ 40,152 $ 40,387 A mounts reclassified out of accumulated other comprehensive income (loss) into net income (loss) include those that pertain to the Company’s pension and postretirement benefit plans and realized gains and losses on derivative instruments designated as cash flow hedges. Please see Note 11 three nine December 31, 2016 2017. 12 three nine December 31, 2016 2017.

Note 10 - Segment and Geographi

Note 10 - Segment and Geographical Information	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	10 . Segment and Geographic Information: Our operating segments are based on the types of products from which we generate revenues. We are organized into a product line organization with five three five We evaluate performance of our segments based upon sales and operating profit. There are no 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 The tables below present information about reported segments: Three Months Ended Nine Months Ended December 31, December 31, Sales Revenue: 2016 2017 2016 2017 Ceramic Components $ 49,235 $ 60,136 $ 145,907 $ 168,512 Tantalum Components 78,113 90,517 234,245 273,457 Advanced Components 103,686 78,884 275,975 247,413 Total Passive Components 231,034 229,537 656,127 689,382 Interconnect, Sensing and Control Devices 28,128 125,228 87,785 187,489 KCP Resale Connectors 7,780 8,808 22,362 26,951 KDP and KCD Resale 73,857 68,222 216,809 212,020 Total KED Resale 81,637 77,030 239,171 238,971 Total Revenue $ 340,799 $ 431,795 $ 983,083 $ 1,115,842 Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Operating profit: Passive Components $ 61,497 $ 50,166 $ 148,557 $ 151,697 Interconnect, Sensing and Control Devices 3,929 6,637 13,672 13,281 KED Resale 3,777 4,714 13,376 13,978 Corporate activities (18,262 ) (16,186 ) (57,126 ) (46,408 ) Total $ 50,941 $ 45,331 $ 118,479 $ 132,548 As of As of March 31, 2017 December 31, 2017 Assets: Passive Components $ 573,519 $ 586,915 Interconnect, Sensing and Control Devices 56,295 126,907 KED Resale 35,164 25,747 Cash, A/R, and investments in securities 1,294,129 1,254,258 Goodwill - Passive Components 202,774 202,774 Goodwill - Interconnect, Sensing and Control Devices 10,277 27,244 Corporate activities 305,255 361,546 Total $ 2,477,413 $ 2,585,391 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, 2016 2017 2016 2017 Net sales: Americas $ 101,668 $ 96,508 $ 287,470 $ 299,287 Europe 85,339 183,523 261,018 379,088 Asia 153,792 151,764 434,595 437,467 Total $ 340,799 $ 431,795 $ 983,083 $ 1,115,842

Note 11 - Pension Plans

Note 11 - Pension Plans	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	1 1 . Pension Plans: Net periodic pension cost for our defined benefit plans consisted of the following for the three nine December 31, 2016 2017: U.S. Plans International Plans Three Months Ended Three Months Ended December 31, December 31, 2016 2017 2016 2017 Service cost $ 42 $ 33 $ 218 $ 229 Interest cost 364 352 1,089 1,151 Expected return on plan assets (445 ) (450 ) (1,377 ) (1,469 ) Recognized actuarial loss 456 286 294 333 Net periodic pension cost $ 417 $ 221 $ 224 $ 244 U.S. Plans International Plans Nine Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Service cost $ 126 $ 99 $ 685 $ 688 Interest cost 1,093 1,056 3,494 3,394 Expected return on plan assets (1,336 ) (1,350 ) (4,425 ) (4,337 ) Recognized actuarial loss 1,368 857 944 983 Net periodic pension cost $ 1,251 $ 662 $ 698 $ 728 Based on current actuarial computations, during the nine December 31, 2017, $4,648 $1,600 2018. $261 nine December 31, 2017. not

Note 12 - Derivative Financial

Note 12 - Derivative Financial Instruments	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	1 2 . 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 We primarily use forward contracts, with maturities less than four 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, 2017 December 31, 2017, March 31, 2017 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 $ 1,151 Accrued expenses $ 690 December 31, 2017 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 $ 90 Accrued expenses $ 844 Fo r these derivatives designated as cash flow hedging instruments, during the three nine December 31, 2017, 130 943 three nine December 31, 2017, 805 $1,608, $244 1,774 , respectively, were reclassified from accumulated other comprehensive income (loss) into sales (for hedging sales) in the accompanying statement of operations. Derivat ives not March 31, 2017 December 31, 2017, March 31, 2017 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 $ 341 Accrued expenses $ 196 December 31, 2017 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 $ 147 Accrued expenses $ 155 For these derivat ives not three nine December 31, 2017, $101 777 1,277 2,601 At March 31, 201 7 December 31, 2017, $193,156 $182,680,

Note 13 - Subsequent Events

Note 13 - Subsequent Events	9 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	1 3 . Subsequent Events: On February 7, 2018 $0.115 December 31, 2017. February 23, 2018 March 5, 2018 On January 31, 2018, $138.5 $11.5 six “ ”) The transaction is subject to customary post-closing adjustments based on Ethertronics' actual net debt and actual working capital as of the closing. For additional information about this transaction, see the Company’s Current Report on Form 8 February 1, 2018, 10.1 6, 10

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	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 March 31, 2017. 10 10 March 31, 2017. three nine December 31, 2017, no In relation to critical estimates for income taxes, the Tax Cuts and Jobs Act Act”) was enacted into law in the U.S. on December 22, 2017. 35% 21%, January 1, 2018. March 2018, 27% 2018. $24.7 one December 31, 2017, one 15.5% 8% one 31, 2017, $75.6 eight 2018. Based on our current interpretation of the Act, we made reasonable estimates to record provisional adjustments during our fiscal third December 31, 2017. In consideration of the Act, the Company has determined that it is no Accordingly, we provided for estimated foreign withholding taxes and associated foreign tax credits related to the potential distribution of such earnings. Therefore, in addition to the one $13.6
New Accounting Pronouncements, Policy [Policy Text Block]	Relevant N ew Accounting Standards In May 2014, 2014 09, .” This guidance modifies how an entity will determine the measurement of revenue and timing of when it is recognized. The guidance provides for a five 1 2 3 4 5 December 15, 2017. may 2014 09. In February 2016, 2016 02, 1 2 3 activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement Regarding operating leases, lessees are required to 1 2 3 December 15, 2018. no 2016 02. In March 2016, 2016 09, — Stock Compensation.” The standard is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. The guidance is effective for public companies for annual reporting periods beginning after December 15, 2016, June 30, 2017 not In January 2017, 2017 04, – Goodwill and Other.” This guidance simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 2 not zero 2 December 15, 2019. June 30, 2017. not In August 2017, 2017 12, December 15, 2018,

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assets Acquired and Liabilities Assumed Allocation of Purchase Price Accounts receivable $ 50,425 Inventory 38,738 Other current assets and liabilities (57,531 ) Working capital 31,632 Property and equipment 83,854 Intangible Assets 18,168 Total identified assets and liabilities 133,654 Purchase price 150,277 Goodwill $ 16,623

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Net income (loss) $ 35,519 $ (93,212 ) $ 91,928 $ (26,910 ) Computation of Basic EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 167,418 168,313 167,399 168,216 Basic earnings (loss) per share $ 0.21 $ (0.55 ) $ 0.55 $ (0.16 ) Computation of Diluted EPS: Weighted Average Shares Outstanding used in Computing Basic EPS 167,418 168,313 167,399 168,216 Effect of stock options 438 - 265 - Weighted Average Shares used in Computing Diluted EPS (1) 167,856 168,313 167,664 168,216 Diluted earnings (loss) per share $ 0.21 $ (0.55 ) $ 0.55 $ (0.16 )

Note 4 - Trade Accounts Recei23

Note 4 - Trade Accounts Receivable (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, 2017 December 31, 2017 Gross Accounts Receivable - Trade $ 198,491 $ 264,360 Less: Allowances for doubtful accounts 1,285 1,181 Stock rotation and ship from stock and debit 14,853 15,527 Sales returns and discounts 5,623 6,397 Total allowances 21,761 23,105 $ 176,730 $ 241,255
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Allowances for doubtful accounts: Beginning Balance $ 1,160 $ 601 $ 423 $ 1,285 Charges 45 - 782 164 Applications - (143) - (991 ) Translation, Acquisition and other - 723 - 723 Ending Balance $ 1,205 $ 1,181 $ 1,205 $ 1,181 Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Stock rotation and ship from stock and debit: Beginning Balance $ 18,803 $ 15,119 $ 14,314 $ 14,853 Charges 5,362 8,309 19,649 22,575 Applications (6,600 ) (7,901 ) (16,398 ) (21,901 ) Ending Balance $ 17,565 $ 15,527 $ 17,565 $ 15,527 Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Sales returns and discounts: Beginning Balance $ 6,138 $ 5,076 $ 6,681 $ 5,623 Charges 4,698 6,105 12,079 12,885 Applications (3,388 ) (4,877 ) (11,307 ) (12,249 ) Translation, Acquisition and other (52 ) 93 (57 ) 138 Ending Balance $ 7,396 $ 6,397 $ 7,396 $ 6,397

Note 5 - Fair Value (Tables)

Note 5 - Fair Value (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2017 (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) $ 6,082 $ 4,810 $ 1,272 $ - Foreign currency derivatives (2) 1,492 - 1,492 - Total $ 7,574 $ 4,810 $ 2,764 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs March 31, 2017 (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 com pensation program (1) $ 6,082 $ 4,810 $ 1,272 $ - Foreign currency derivatives (2) 886 - 886 - Total $ 6,968 $ 4,810 $ 2,158 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2017 (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) $ 6,970 $ 5,788 $ 1,182 $ - Foreign currency derivatives (2) 237 - 237 - Total $ 7,207 $ 5,788 $ 1,419 $ - Based on Quoted prices Other in active observable Unobservable Fair Value at markets inputs inputs December 31, 2017 (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) $ 6,970 $ 5,788 $ 1,182 $ - Foreign currency derivatives (2) 999 - 999 - Total $ 7,969 $ 5,788 $ 2,181 $ -

Note 6 - Financial Instrument25

Note 6 - Financial Instruments and investments in Securities (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Held-to-maturity Securities [Table Text Block]	March 31, 2017 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Corporate bonds $ 10,120 $ - $ (1 ) $ 10,119 Time deposits 518,628 148 - 518,776 $ 528,748 $ 148 $ (1 ) $ 528,895 December 31, 2017 Gross Gross Unrealized Unrealized Estimated Cost Gains Losses Fair Value Short-term investments: Commercial paper $ 9,998 $ 35 $ - $ 10,033 Time deposits 531,217 123 - 531,340 $ 541,215 $ 158 $ - $ 541,373
Investments Classified by Contractual Maturity Date [Table Text Block]	Held-to-Maturity Amortized Estimated Cost Fair Value Due in one year or less $ 541,215 $ 541,373 Due after one year through five years - - Total $ 541,215 $ 541,373

Note 7 - Inventories (Tables)

Note 7 - Inventories (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, 2017 December 31, 2017 Finished goods $ 92,563 $ 96,114 Work in process 107,392 119,421 Raw materials 274,173 281,756 $ 474,128 $ 497,291

Note 9 - Comprehensive Income27

Note 9 - Comprehensive Income (Loss) (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended December 31, 2016 2017 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (28,157 ) $ (28,157 ) $ 7,749 $ 7,749 Foreign currency cash flow hedges adjustment (3,061 ) (2,453 ) (690 ) (518 ) Pension liability adjustment 22 16 321 243 Other comprehensive income (loss) $ (31,196 ) $ (30,594 ) $ 7,380 $ 7,474 Nine Months Ended December 31, 2016 2017 Pre-tax Net of Tax Pre-tax Net of Tax Foreign currency translation adjustment $ (26,363 ) $ (26,363 ) $ 41,196 $ 41,196 Foreign currency cash flow hedges adjustment (2,440 ) (1,926 ) (1,215 ) (939 ) Pension liability adjustment (1,013 ) (765 ) 171 130 Other comprehensive income (loss) $ (29,816 ) $ (29,054 ) $ 40,152 $ 40,387

Note 10 - Segment and Geograp28

Note 10 - Segment and Geographical Information (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended December 31, December 31, Sales Revenue: 2016 2017 2016 2017 Ceramic Components $ 49,235 $ 60,136 $ 145,907 $ 168,512 Tantalum Components 78,113 90,517 234,245 273,457 Advanced Components 103,686 78,884 275,975 247,413 Total Passive Components 231,034 229,537 656,127 689,382 Interconnect, Sensing and Control Devices 28,128 125,228 87,785 187,489 KCP Resale Connectors 7,780 8,808 22,362 26,951 KDP and KCD Resale 73,857 68,222 216,809 212,020 Total KED Resale 81,637 77,030 239,171 238,971 Total Revenue $ 340,799 $ 431,795 $ 983,083 $ 1,115,842 Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Operating profit: Passive Components $ 61,497 $ 50,166 $ 148,557 $ 151,697 Interconnect, Sensing and Control Devices 3,929 6,637 13,672 13,281 KED Resale 3,777 4,714 13,376 13,978 Corporate activities (18,262 ) (16,186 ) (57,126 ) (46,408 ) Total $ 50,941 $ 45,331 $ 118,479 $ 132,548 As of As of March 31, 2017 December 31, 2017 Assets: Passive Components $ 573,519 $ 586,915 Interconnect, Sensing and Control Devices 56,295 126,907 KED Resale 35,164 25,747 Cash, A/R, and investments in securities 1,294,129 1,254,258 Goodwill - Passive Components 202,774 202,774 Goodwill - Interconnect, Sensing and Control Devices 10,277 27,244 Corporate activities 305,255 361,546 Total $ 2,477,413 $ 2,585,391
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Three Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Net sales: Americas $ 101,668 $ 96,508 $ 287,470 $ 299,287 Europe 85,339 183,523 261,018 379,088 Asia 153,792 151,764 434,595 437,467 Total $ 340,799 $ 431,795 $ 983,083 $ 1,115,842

Note 11 - Pension Plans (Tables

Note 11 - Pension Plans (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	U.S. Plans International Plans Three Months Ended Three Months Ended December 31, December 31, 2016 2017 2016 2017 Service cost $ 42 $ 33 $ 218 $ 229 Interest cost 364 352 1,089 1,151 Expected return on plan assets (445 ) (450 ) (1,377 ) (1,469 ) Recognized actuarial loss 456 286 294 333 Net periodic pension cost $ 417 $ 221 $ 224 $ 244 U.S. Plans International Plans Nine Months Ended Nine Months Ended December 31, December 31, 2016 2017 2016 2017 Service cost $ 126 $ 99 $ 685 $ 688 Interest cost 1,093 1,056 3,494 3,394 Expected return on plan assets (1,336 ) (1,350 ) (4,425 ) (4,337 ) Recognized actuarial loss 1,368 857 944 983 Net periodic pension cost $ 1,251 $ 662 $ 698 $ 728

Note 12 - Derivative Financia30

Note 12 - Derivative Financial Instruments (Tables)	9 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	March 31, 2017 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 $ 1,151 Accrued expenses $ 690 December 31, 2017 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 $ 90 Accrued expenses $ 844 March 31, 2017 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 $ 341 Accrued expenses $ 196 December 31, 2017 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 $ 147 Accrued expenses $ 155

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2017	Mar. 31, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability			$ 24.7
Income Tax Expense (Benefit), One Time Tax on Accumulated Foreign Earnings		$ 75.6
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount		$ 13.6
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%			27.00%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Cash Position, Percent	15.50%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Other, Percent	8.00%

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands	Oct. 02, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Payments to Acquire Businesses, Net of Cash Acquired				$ 150,277
AB Electronics Sensing and Control Business [Member]
Payments to Acquire Businesses, Net of Cash Acquired	$ 150,277
Business Acquisition, Pro Forma Revenue		$ 431,795	$ 414,186	$ 1,289,793	$ 1,220,787

Note 2 - Acquisitions - Assets

Note 2 - Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Oct. 02, 2017	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Purchase price		$ 150,277
Goodwill		$ 230,018		$ 213,051
AB Electronics Sensing and Control Business [Member]
Accounts receivable	$ 50,425
Inventory	38,738
Other current assets and liabilities	(57,531)
Working capital	31,632
Property and equipment	83,854
Intangible Assets	18,168
Total identified assets and liabilities	133,654
Purchase price	150,277
Goodwill	$ 16,623

Note 3 - Earnings Per Share (De

Note 3 - Earnings Per Share (Details Textual) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Common Stock Equivalents [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	776	121	1,580
Common Stock Equivalents, Dilutive If Had Income [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	777		653

Note 3 - Earnings Per Share - B

Note 3 - 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, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net income (loss)		$ (93,212)	$ 35,519	$ (26,910)	$ 91,928
Computation of Basic EPS:
Weighted Average Shares Outstanding used in Computing Basic EPS (in shares)		168,313	167,418	168,216	167,399
Basic earnings (loss) per share (in dollars per share)		$ (0.55)	$ 0.21	$ (0.16)	$ 0.55
Computation of Diluted EPS:
Weighted Average Shares Outstanding used in Computing Basic EPS (in shares)		168,313	167,418	168,216	167,399
Effect of stock options (in shares)			438		265
Weighted Average Shares used in Computing Diluted EPS (1) (in shares)	[1],[2]	168,313	167,856	168,216	167,664
Diluted earnings (loss) per share (in dollars per share)		$ (0.55)	$ 0.21	$ (0.16)	$ 0.55
[1]	Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been antidilutive were 776 shares and no shares for the three months ended December 31, 2016 and 2017, respectively and 1,580 shares and 121 shares for the nine months ended December 31, 2016 and 2017, respectively. In addition, 777 and 653 shares that would have been dilutive if we had income were excluded from diluted earnings per share due to the Company's net loss position for the three and nine month periods ended December 31, 2017.
[2]	Due to QTD and YTD net loss, Basic shares used in computation for the three and nine month periods ended December 31, 2017

Note 4 - Trade Accounts Recei36

Note 4 - Trade Accounts Receivable - Schedule of Trade Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016
Gross Accounts Receivable - Trade	$ 264,360		$ 198,491
Allowances	23,105		21,761
Net Accounts Receivable - Trade	241,255		176,730
Allowance for Doubtful Accounts, Current [Member]
Allowances	1,181	$ 601	1,285	$ 1,205	$ 1,160	$ 423
Allowance for Stock Rotation and Ship from Stock and Debit [Member]
Allowances	15,527	15,119	14,853	17,565	18,803	14,314
Allowance and Reserve for Sales Returns and Discounts [Member]
Allowances	$ 6,397	$ 5,076	$ 5,623	$ 7,396	$ 6,138	$ 6,681

Note 4 - Trade Accounts Recei37

Note 4 - Trade Accounts Receivable - Charges Related to Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Beginning Balance			$ 21,761
Ending Balance	$ 23,105		23,105
Allowance for Doubtful Accounts, Current [Member]
Beginning Balance	601	$ 1,160	1,285	$ 423
Charges		45	164	782
Applications	(143)		(991)
Translation, Acquisition and other	723		723
Ending Balance	1,181	1,205	1,181	1,205
Allowance for Stock Rotation and Ship from Stock and Debit [Member]
Beginning Balance	15,119	18,803	14,853	14,314
Charges	8,309	5,362	22,575	19,649
Applications	(7,901)	(6,600)	(21,901)	(16,398)
Ending Balance	15,527	17,565	15,527	17,565
Allowance and Reserve for Sales Returns and Discounts [Member]
Beginning Balance	5,076	6,138	5,623	6,681
Charges	6,105	4,698	12,885	12,079
Applications	(4,877)	(3,388)	(12,249)	(11,307)
Translation, Acquisition and other	93	(52)	138	(57)
Ending Balance	$ 6,397	$ 7,396	$ 6,397	$ 7,396

Note 5 - Fair Value - Assets an

Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands		Dec. 31, 2017	Mar. 31, 2017
Assets held in the non-qualified deferred compensation program	[1]	$ 6,970	$ 6,082
Foreign currency derivatives	[2]	237	1,492
Assets measured at fair value, Total		7,207	7,574
Obligation related to assets held in the non-qualified deferred compensation program	[1]	6,970	6,082
Foreign currency derivatives liabilities	[2]	999	886
Liabilities measured at fair value, Total		7,969	6,968
Fair Value, Inputs, Level 1 [Member]
Assets held in the non-qualified deferred compensation program	[1]	5,788	4,810
Foreign currency derivatives	[2]
Assets measured at fair value, Total		5,788	4,810
Obligation related to assets held in the non-qualified deferred compensation program	[1]	5,788	4,810
Foreign currency derivatives liabilities	[2]
Liabilities measured at fair value, Total		5,788	4,810
Fair Value, Inputs, Level 2 [Member]
Assets held in the non-qualified deferred compensation program	[1]	1,182	1,272
Foreign currency derivatives	[2]	237	1,492
Assets measured at fair value, Total		1,419	2,764
Obligation related to assets held in the non-qualified deferred compensation program	[1]	1,182	1,272
Foreign currency derivatives liabilities	[2]	999	886
Liabilities measured at fair value, Total		2,181	2,158
Fair Value, Inputs, Level 3 [Member]
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 liabilities	[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 assets or 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 and gains and losses on derivatives not designated as hedges are recorded in other income.

Note 6 - Financial Instrument39

Note 6 - Financial Instruments and Investments in Securities - Investments in Held-to-Maturity Securities, Recorded at Amortized Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Cost	$ 541,215
Estimated Fair Value	541,373
Short-term Investments [Member]
Cost	541,215	$ 528,748
Gross Unrealized Gains	158	148
Gross Unrealized Losses		(1)
Estimated Fair Value	541,373	528,895
Short-term Investments [Member] | Corporate Bonds [Member]
Cost		10,120
Gross Unrealized Gains
Gross Unrealized Losses		(1)
Estimated Fair Value		10,119
Short-term Investments [Member] | Commercial Paper, Not Included with Cash and Cash Equivalents [Member]
Cost	9,998
Gross Unrealized Gains	35
Gross Unrealized Losses
Estimated Fair Value	10,033
Short-term Investments [Member] | Time Deposits [Member]
Cost	531,217	518,628
Gross Unrealized Gains	123	148
Gross Unrealized Losses
Estimated Fair Value	$ 531,340	$ 518,776

Note 6 - Financial Instrument40

Note 6 - Financial Instruments and investments in Securities - Contractual Maturity (Details) $ in Thousands	Dec. 31, 2017USD ($)
Due in one year or less, amortized cost	$ 541,215
Due in one year or less, estimated fair value	541,373
Due after one year through five years, amortized cost
Due after one year through five years, estimated fair value
Total, amortized cost	541,215
Held-to-maturity securities, fair value, total	$ 541,373

Note 7 - Inventories - Schedule

Note 7 - Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Finished goods	$ 96,114	$ 92,563
Work in process	119,421	107,392
Raw materials	281,756	274,173
Total Inventory	$ 497,291	$ 474,128

Note 8 - Commitments and Cont42

Note 8 - Commitments and Contingencies (Details Textual) $ in Thousands	Jan. 26, 2016USD ($)	Apr. 25, 2013	Dec. 31, 2017USD ($)	Mar. 31, 2017USD ($)
Accrual for Environmental Loss Contingencies			$ 14,270
Greatbatch, Inc. v AVX Corporation [Member]
Loss Contingency, Damages Awarded, Value	$ 37,500
Greatbatch, Inc. v AVX Corporation And Presidio Components v. American Technical Ceramics Corp. [Member]
Loss Contingency, Pending Claims, Number			2
Unfavorable Regulatory Action - Environmental Matters [Member]
Loss Contingency Accrual			$ 18,773	$ 19,181
Loss Contingency, Accrual, Current			3,484	3,892
Loss Contingency, Accrual, Noncurrent			15,289	15,289
Unfavorable Regulatory Action - Patent Infringement Matters [Member] | Greatbatch, Inc. v AVX Corporation [Member] | Minimum [Member]
Loss Contingency, Patents Allegedly Infringed, Number		1
Unfavorable Regulatory Action - Patent Infringement Matters [Member] | Greatbatch, Inc. v AVX Corporation [Member] | Maximum [Member]
Loss Contingency, Patents Allegedly Infringed, Number		6
Unfavorable Regulatory Action - Patent Infringement Matters [Member] | Greatbatch, Inc. v AVX Corporation And Presidio Components v. American Technical Ceramics Corp. [Member]
Loss Contingency Accrual			$ 74,538	$ 74,559

Note 9 - Comprehensive Income43

Note 9 - Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Foreign currency translation adjustment, pre-tax	$ 7,749	$ (28,157)	$ 41,196	$ (26,363)
Foreign currency translation adjustment, net of tax	7,749	(28,157)	41,196	(26,363)
Foreign currency cash flow hedges adjustment, pre-tax	(690)	(3,061)	(1,215)	(2,440)
Foreign currency cash flow hedges adjustment, net of tax	(518)	(2,453)	(939)	(1,926)
Pension liability adjustment, pre-tax	321	22	171	(1,013)
Pension liability adjustment, net of tax	243	16	130	(765)
Other comprehensive income (loss), pre-tax	7,380	(31,196)	40,152	(29,816)
Other comprehensive income (loss), net of tax	$ 7,474	$ (30,594)	$ 40,387	$ (29,054)

Note 10 - Segment and Geograp44

Note 10 - Segment and Geographical Information (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Number of Reportable Segments			3
Revenue, Net	$ 431,795	$ 340,799	$ 1,115,842	$ 983,083
Intersegment Eliminations [Member]
Revenue, Net			$ 0

Note 10 - Segment and Geograp45

Note 10 - Segment and Geographic Information - Reportable Segment Revenue, Profit and Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Net sales	$ 431,795	$ 340,799	$ 1,115,842	$ 983,083
Operating profit (loss)	45,331	50,941	132,548	118,479
Total Assets	2,585,391		2,585,391		$ 2,477,413
Ceramic Components [Member]
Net sales	60,136	49,235	168,512	145,907
Passive Components [Member]
Net sales	229,537	231,034	689,382	656,127
Operating profit (loss)	50,166	61,497	151,697	148,557
Total Assets	586,915		586,915		573,519
Tantalum Components [Member]
Net sales	90,517	78,113	273,457	234,245
Interconnect [Member]
Net sales	125,228	28,128	187,489	87,785
Operating profit (loss)	6,637	3,929	13,281	13,672
Total Assets	126,907		126,907		56,295
Advanced Components [Member]
Net sales	78,884	103,686	247,413	275,975
KED Resale [Member]
Net sales	77,030	81,637	238,971	239,171
Operating profit (loss)	4,714	3,777	13,978	13,376
Total Assets	25,747		25,747		35,164
Corporate Segment [Member]
Operating profit (loss)	(16,186)	(18,262)	(46,408)	(57,126)
Total Assets	361,546		361,546		305,255
Cash A/R And Investments In Securities [Member]
Total Assets	1,254,258		1,254,258		1,294,129
Goodwill - Passive Components [Member]
Total Assets	202,774		202,774		202,774
KCP Resale [Member]
Net sales	8,808	7,780	26,951	22,362
Goodwill - Interconnect [Member]
Total Assets	27,244		27,244		$ 10,277
KDP And KCD Resale [Member]
Net sales	$ 68,222	$ 73,857	$ 212,020	$ 216,809

Note 10 - Segment and Geograp46

Note 10 - Segment and Geographic Information - Schedule of Geographical Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net sales	$ 431,795	$ 340,799	$ 1,115,842	$ 983,083
Americas [Member]
Net sales	96,508	101,668	299,287	287,470
Europe [Member]
Net sales	183,523	85,339	379,088	261,018
Asia [Member]
Net sales	$ 151,764	$ 153,792	$ 437,467	$ 434,595

Note 11 - Pension Plans (Detail

Note 11 - Pension Plans (Details Textual) $ in Thousands	9 Months Ended
	Dec. 31, 2017USD ($)
Foreign Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 4,648
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	1,600
Domestic Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	261
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	$ 0

Note 11 - Pension Plans - Net P

Note 11 - Pension Plans - Net Periodic Pension Costs for Defined Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Domestic Plan [Member]
Service cost	$ 33	$ 42	$ 99	$ 126
Interest cost	352	364	1,056	1,093
Expected return on plan assets	(450)	(445)	(1,350)	(1,336)
Recognized actuarial loss	286	456	857	1,368
Net periodic pension cost	221	417	662	1,251
Foreign Plan [Member]
Service cost	229	218	688	685
Interest cost	1,151	1,089	3,394	3,494
Expected return on plan assets	(1,469)	(1,377)	(4,337)	(4,425)
Recognized actuarial loss	333	294	983	944
Net periodic pension cost	$ 244	$ 224	$ 728	$ 698

Note 12 - Derivative Financia49

Note 12 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Mar. 31, 2017
Other Income [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 101	$ (777)
Foreign Exchange Forward [Member]
Derivative Contract Maximum Maturity Term		120 days
Derivative Instruments, Loss Recognized in Other Comprehensive Income (Loss), Effective Portion	(130)	$ (943)
Foreign Exchange Forward [Member] | Cost of Sales [Member]
Gain (Loss) on Derivative Instruments, Net, Pretax	(805)	1,608
Foreign Exchange Forward [Member] | Sales [Member]
Gain (Loss) on Derivative Instruments, Net, Pretax	244	(1,774)
Foreign Exchange Contract [Member]
Derivative, Notional Amount	182,680	182,680	$ 193,156
Foreign Exchange Contract [Member] | Other Income [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (1,277)	$ (2,601)

Note 12 - Derivative Financia50

Note 12 - Derivative Financial Instruments - Fair value of Derivative Instruments (Details) - Foreign Exchange Contract [Member] - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Asset derivatives, fair value	$ 90	$ 1,151
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Asset derivatives, fair value	147	341
Accrued Expenses [Member] | Designated as Hedging Instrument [Member]
Liability derivatives, fair value	844	690
Accrued Expenses [Member] | Not Designated as Hedging Instrument [Member]
Liability derivatives, fair value	$ 155	$ 196

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Mar. 05, 2018	Feb. 23, 2018	Feb. 07, 2018	Jan. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Common Stock, Dividends, Per Share, Declared					$ 0.115	$ 0.11	$ 0.34	$ 0.325
Scenario, Forecast [Member]
Dividends Payable, Date of Record		Feb. 23, 2018
Dividends Payable, Date to be Paid	Mar. 5, 2018
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared			$ 0.115
Dividends Payable, Date Declared			Feb. 7, 2018
Subsequent Event [Member] | Ethertronics Inc. [Member]
Payments to Acquire Businesses, Gross				$ 138.5
Business Combination, Consideration Transferred, Liabilities Incurred				$ 11.5