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STOCKHOLDERS' EQUITY | 9 Months Ended
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Dec. 31, 2017
Equity [Abstract] |
STOCKHOLDERS' EQUITY |
(11) | STOCKHOLDERS’ EQUITY
Common Stock The number of authorized and issued common stock and preferred stock are as follows:
|  | Successor |  |  |  | Predecessor |
|  | December 31, |  |  |  | March 31, |
|  | 2017 |  |  |  | 2017 |
Common stock shares authorized |  |  | 125,000,000 |  |  |  |  | 125,000,000 |
Common stock par value |  | $ | 0.001 |  |  |  | $ | 0.10 |
Common stock shares issued |  |  | 22,115,916 |  |  |  |  | 47,121,304 |
Preferred stock shares authorized |  |  | 3,000,000 |  |  |  |  | 3,000,000 |
Preferred stock par value |  | No par |  |  |  | No par |
Preferred stock shares issued |  |  | — |  |  |  |  | — |
Common Stock Repurchases No shares were repurchased by the company during the year ended March 31, 2017, or the nine month transition period ended December 31, 2017. Dividend Program There were no dividends declared by the company during the year ended March 31, 2017, or the nine month transition period ended December 31, 2017. Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive income by component, net of tax, are as follows:
|  | Successor |
|  | Period from August 1, 2017 through December 31, 2017 |
(in thousands) |  | Balance at 7/31/17 |  |  | Gains/(losses) recognized in OCI |  |  | Reclasses from OCI to net income |  |  | Net period OCI |  |  | Remaining balance 12/31/17 |
Available for sale securities |  |  | — |  |  |  | 87 |  |  |  | 169 |  |  |  | 256 |  |  |  | 256 |
Pension/Post-retirement benefits |  |  | — |  |  |  | (403 | ) |  |  | — |  |  |  | (403 | ) |  |  | (403 | )
Total |  |  | — |  |  |  | (316 | ) |  |  | 169 |  |  |  | (147 | ) |  |  | (147 | )
|  | Predecessor |
|  | Period from April 1, 2017 through July 31, 2017 |
(in thousands) |  | Balance at 3/31/17 |  |  | Gains/(losses) recognized in OCI |  |  | Reclasses from OCI to net income |  |  | Net period OCI |  |  | Remaining balance 7/31/17 |
Available for sale securities |  |  | (95 | ) |  |  | 57 |  |  |  | 106 |  |  |  | 163 |  |  |  | 68 |
Currency translation adjustment |  |  | (9,811 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,811 | )
Pension/Post-retirement benefits |  |  | (438 | ) |  |  | (2,598 | ) |  |  | — |  |  |  | (2,598 | ) |  |  | (3,036 | )
Total |  |  | (10,344 | ) |  |  | (2,541 | ) |  |  | 106 |  |  |  | (2,435 | ) |  |  | (12,779 | )
|  | Predecessor |
|  | For the year ended March 31, 2017 |
(in thousands) |  | Balance at 3/31/16 |  |  | Gains/(losses) recognized in OCI |  |  | Reclasses from OCI to net income |  |  | Net period OCI |  |  | Remaining balance 3/31/17 |
Available for sale securities |  |  | (208 | ) |  |  | (265 | ) |  |  | 378 |  |  |  | 113 |  |  |  | (95 | )
Currency translation adjustment |  |  | (9,811 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,811 | )
Pension/Post-retirement benefits |  |  | 4,683 |  |  |  | (5,121 | ) |  |  | — |  |  |  | (5,121 | ) |  |  | (438 | )
Interest rate swap |  |  | (1,530 | ) |  |  | — |  |  |  | 1,530 |  |  |  | 1,530 |  |  |  | — |
Total |  |  | (6,866 | ) |  |  | (5,386 | ) |  |  | 1,908 |  |  |  | (3,478 | ) |  |  | (10,344 | )
The following table summarizes the reclassifications from accumulated other comprehensive loss to the consolidated statement of income,
|  | Successor |  |  |  | Predecessor |  |  |
|  | Period from |  |  |  | Period from |  |  |  |  |  |  |
|  | August 1, 2017 |  |  |  | April 1, 2017 |  |  |  |  |  |  |
|  | through |  |  |  | through |  |  | Year Ended |  |  | Affected line item in the
(In thousands) |  | December 31, 2017 |  |  |  | July 31, 2017 |  |  | March 31, 2017 |  |  | consolidated statements of income
Realized gains on available for sale securities |  | $ | 169 |  |  |  |  | 106 |  |  |  | 582 |  |  | Interest income and other, net
Interest rate swap |  |  | — |  |  |  |  | — |  |  |  | 2,353 |  |  | Interest and other debt costs
Total pre-tax amounts |  |  | 169 |  |  |  |  | 106 |  |  |  | 2,935 |  |  |
Tax effect |  |  | — |  |  |  |  | — |  |  |  | 1,027 |  |  |
Total gains for the period, net of tax |  | $ | 169 |  |  |  |  | 106 |  |  |  | 1,908 |  |  |
During the quarter ended March 31, 2017, $1.3 million ($2.4 million pre-tax) of remaining other comprehensive loss related to the interest rate swap, entered into in July 2010 in connection with the September 2010 senior notes offering. Refer to Note (7) of Notes to Consolidated Financial Statements included in Item 8 of this Transition Report on Form 10-K, was recognized as interest expense in accordance with ASC 815.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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