Rendering

Component: (Network and Table)
Network
2312301 - Disclosure - Income Taxes (Tables)
(http://www.aointl.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2015-04-01 - 2016-03-31
Income Tax Disclosure [Abstract]
 
Summary of Income Tax Contingencies
The following table presents the changes to unrecognized tax benefits during the years ended March 31, 2016, 2015 and 2014:
    
 
2016
2015
2014
Balance at April 1
$
17,752

$
12,635

$
8,678

Increase for current year tax positions
24

7,260

4,191

Reduction for prior year tax positions
(223
)
(1,055
)
(111
)
Impact of changes in exchange rates
(878
)
(1,088
)
(123
)
Reduction for settlements



Balance at March 31
$
16,675

$
17,752

$
12,635

 
 
Schedule of Income before Income Tax, Domestic and Foreign
The components of income (loss) before income taxes, equity in net income of investee companies and minority interests consisted of the following:
    
 
Years Ended March 31,
 
2016
2015
2014
U.S.
$
(55,073
)
$
(24,749
)
$
(91,290
)
Non-U.S.
146,747

15,810

29,595

Total
$
91,674

$
(8,939
)
$
(61,695
)
 
 
Schedule of Components of Income Tax Expense (Benefit)
The details of the amount shown for income taxes in the Consolidated Statements of Operations follow:
    
 
Years Ended March 31,
 
2016
2015
2014
Current
 
 
 
    Federal
$

$

$

    State



    Non-U.S.
26,476

19,850

24,980

 
$
26,476

$
19,850

$
24,980

Deferred
 
 
 
    Federal
$

$

$

    State



    Non-U.S.
5,739

2,068

16,261

 
$
5,739

$
2,068

$
16,261

Total
$
32,215

$
21,918

$
41,241

 
 
Schedule of Effective Income Tax Rate Reconciliation
The reasons for the difference between income tax expense based on income before income taxes, equity in net income of investee companies and minority interests and the amount computed by applying the U.S. statutory federal income tax rate to such income are as follows:

 
Years Ended March 31,
 
2016
2015
2014
Tax expense at U.S. statutory rate
$
32,086

$
(3,129
)
$
(21,594
)
Effect of non-U.S. income taxes
(15,131
)
647

7,377

U.S. taxes on non-U.S. income
23,734

14,768

(274
)
Foreign tax credits expiration
47,552



Change in valuation allowance
(47,135
)
(14,908
)
25,080

Increase (decrease) in reserves for uncertain tax positions
(1,203
)
5,227

3,971

Change in tax rates
2,480



Exchange effects and currency translation
15,492

14,308

26,884

Permanent items
891

5,005

(203
)
Nontaxable gain - Zimbabwe subsidiary reconsolidation
(26,551
)


Actual tax expense
$
32,215

$
21,918

$
41,241

 
 
Schedule of Deferred Tax Assets and Liabilities
The deferred tax liabilities (assets) are comprised of the following:
 
March 31, 2016
March 31, 2015
Deferred tax liabilities:
 
 
Unremitted earnings of foreign subsidiaries
$
27,641

$
22,043

     Intangible assets
9,334

6,415

     Fixed assets
11,435

3,488

Total deferred tax liabilities
$
48,410

$
31,946

Deferred tax assets:
 
 
     Reserves and accruals
$
(23,870
)
$
(29,610
)
     Tax credits
(8,191
)
(55,744
)
     Tax loss carryforwards
(104,337
)
(105,345
)
     Derivative transactions
(892
)
(567
)
     Postretirement and other benefits
(30,635
)
(34,388
)
     Unrealized exchange loss
(12,645
)
(10,057
)
     Other
(8,207
)
(4,926
)
Gross deferred tax assets
(188,777
)
(240,637
)
Valuation allowance
118,518

169,804

Total deferred tax assets
$
(70,259
)
$
(70,833
)
Net deferred tax asset
$
(21,849
)
$
(38,887
)
 
 
Schedule of Current and Non Current Tax Assets and Liabilities
The following table presents the breakdown between current and non-current (assets) liabilities:
 
March 31, 2016
March 31, 2015
Current asset
$

$
(15,586
)
Current liability

6,356

Non-current asset
(38,773
)
(32,111
)
Non-current liability
16,924

2,454

Net deferred tax asset
$
(21,849
)
$
(38,887
)