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Quarterly Results (Unaudited) | 12 Months Ended
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Mar. 31, 2012
Quarterly Results [Abstract] |
QUARTERLY RESULTS (UNAUDITED) | QUARTERLY RESULTS (UNAUDITED) 17. QUARTERLY RESULTS (UNAUDITED) Because quarterly reporting of per share data is used independently for each reporting period, the sum of per share amounts for the four quarters in the fiscal year will not necessarily equal annual per share amounts. GAAP prohibits retroactive adjustment of quarterly per share amounts so that the sum of those amounts equals amounts for the full year. Prior to the sale of TSG, we traditionally had experienced a seasonal increase in sales during our fiscal third quarter ending December 31. The HSG and RSG operating units have traditionally experienced a seasonal decrease in revenue during our fiscal first quarter ending June 30. Although we are unable to predict whether uneven sales patterns will continue over the long term, we believe this particular pattern is moderating as a result of exiting the TSG business. For example, third-quarter revenue from continuing operations was 25%, 29% and 31% of annual revenue for fiscal years 2012, 2011 and 2010, respectively. In addition, occasionally the timing of large one-time orders such as those associated with substantial retail product rollouts will create volatility in our quarterly results.
|  | Year ended March 31, 2012 |
(In thousand except per share data) |  | First quarter |  |  | Second quarter |  |  | Third quarter |  |  | Fourth Quarter |  |  | Year |
Net revenue |  | $ | 52,591 |  |  | $ | 52,674 |  |  | $ | 51,582 |  |  | $ | 52,042 |  |  | $ | 208,889 |
Gross profit |  |  | 18,088 |  |  |  | 20,988 |  |  |  | 19,932 |  |  |  | 20,828 |  |  |  | 79,836 |
Asset impairments and related charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,681 |  |  |  | 9,681 |
Restructuring and related charges |  |  | 2,346 |  |  |  | 3,688 |  |  |  | 4,558 |  |  |  | 5,261 |  |  |  | 15,853 |
Loss from continuing operations |  |  | (6,880 | ) |  |  | (3,554 | ) |  |  | (5,774 | ) |  |  | (18,031 | ) |  |  | (34,239 | )
Income (loss) from discontinued operations |  |  | 651 |  |  |  | 10,487 |  |  |  | (735 | ) |  |  | 1,053 |  |  |  | 11,456 |
Net (loss) income |  | $ | (6,229 | ) |  | $ | 6,933 |  |  | $ | (6,509 | ) |  | $ | (16,978 | ) |  | $ | (22,783 | )
Per share data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.30 | ) |  | $ | (0.16 | ) |  | $ | (0.26 | ) |  | $ | (0.83 | ) |  | $ | (1.53 | )
Income (loss) from discontinued operations |  | $ | 0.03 |  |  | $ | 0.46 |  |  | $ | (0.03 | ) |  | $ | 0.05 |  |  | $ | 0.51 |
Net (loss) income |  | $ | (0.27 | ) |  | $ | 0.30 |  |  | $ | (0.29 | ) |  | $ | (0.78 | ) |  | $ | (1.02 | )
|  | Year ended March 31, 2011 |
(In thousands exept per share data) |  | First quarter |  |  | Second quarter |  |  | Third quarter |  |  | Fourth Quarter |  |  | Year |
Net revenue |  | $ | 47,090 |  |  | $ | 49,638 |  |  | $ | 58,997 |  |  | $ | 46,956 |  |  | $ | 202,681 |
Gross profit |  |  | 18,957 |  |  |  | 17,763 |  |  |  | 19,141 |  |  |  | 19,778 |  |  |  | 75,639 |
Asset impairments and related charges |  |  | — |  |  |  | 59 |  |  |  | — |  |  |  | 900 |  |  |  | 959 |
Restructuring and related charges |  |  | 393 |  |  |  | 9 |  |  |  | 3 |  |  |  | — |  |  |  | 405 |
Loss from continuing operations |  |  | (8,292 | ) |  |  | (4,916 | ) |  |  | (2,290 | ) |  |  | (7,477 | ) |  |  | (22,975 | )
Income (loss) from discontinued operations |  |  | (1,960 | ) |  |  | 2,702 |  |  |  | 4,288 |  |  |  | (37,530 | ) |  |  | (32,500 | )
Net (loss) income |  | $ | (10,252 | ) |  | $ | (2,214 | ) |  | $ | 1,998 |  |  | $ | (45,007 | ) |  | $ | (55,475 | )
Per share data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.36 | ) |  | $ | (0.22 | ) |  | $ | (0.10 | ) |  | $ | (0.33 | ) |  | $ | (1.01 | )
(Loss) income from discontinued operations |  | $ | (0.09 | ) |  | $ | 0.12 |  |  | $ | 0.19 |  |  | $ | (1.65 | ) |  | $ | (1.43 | )
Net (loss) income |  | $ | (0.45 | ) |  | $ | (0.10 | ) |  | $ | 0.09 |  |  | $ | (1.97 | ) |  | $ | (2.44 | )

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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