XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Fair Value Measurements | 9 Months Ended
--- | ---
Dec. 31, 2016
Fair Value Measurements [Abstract] |
Fair Value, Measurement Inputs, Disclosure [Text Block] | 10. Fair Value Measurements We estimate the fair value of financial instruments using available market information and generally accepted valuation methodologies. We assess the inputs used to measure fair value using a three-tier hierarchy. The hierarchy indicates the extent to which pricing inputs used in measuring fair value are observable in the market. Level 1 inputs include unadjusted quoted prices for identical assets or liabilities and are the most observable. Level 2 inputs include unadjusted quoted prices for similar assets and liabilities that are either directly or indirectly observable, or other observable inputs such as interest rates, foreign currency exchange rates, commodity rates, and yield curves. Level 3 inputs are not observable in the market and include our own judgments about the assumptions market participants would use in pricing the asset or liability. The use of observable and unobservable inputs is reflected in the hierarchy assessment disclosed in the tables below. There were no significant transfers between Levels 1, 2, and 3 during the nine months ended December 31, 2016 and 2015. The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:
| Fair value measurement used
| Recorded value as of |  | Active markets for identical assets or liabilities |  | Quoted prices in similar instruments and observable inputs |  | Active markets for unobservable inputs
(In thousands) | December 31, 2016 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: |  |  |  |  |  |  |
Corporate-owned life insurance — current | $ | 2,357 |  |  | — |  |  | — |  |  | $ | 2,357 |
Corporate-owned life insurance — non-current | $ | 782 |  |  | — |  |  | — |  |  | $ | 782 |
| Fair value measurement used
| Recorded value as of |  | Active markets for identical assets or liabilities |  | Quoted prices in similar instruments and observable inputs |  | Active markets for unobservable inputs
(In thousands) | March 31, 2016 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: |  |  |  |  |  |  |
Corporate-owned life insurance — current | $ | 2,357 |  |  | — |  |  | — |  |  | $ | 2,357 |
Corporate-owned life insurance — non-current | $ | 765 |  |  | — |  |  | — |  |  | $ | 765 |
Liabilities: |  |  |  |  |  |  |
Contingent consideration — current | $ | 197 |  |  | — |  |  | — |  |  | $ | 197 |
The recorded value of the corporate-owned life insurance policies is adjusted to the cash surrender value of the policies obtained from the third party life insurance providers, which are not observable in the market, and therefore, are classified within Level 3 of the fair value hierarchy. Changes in the cash surrender value of these policies are recorded within “Other (income) expense, net” in the Condensed Consolidated Statements of Operations. The fair value of the contingent consideration was determined by calculating the probability-weighted earn-out payments based on the assessment of the likelihood that certain milestones would be achieved. The following table presents a summary of changes in the fair value of the Level 3 assets:
| Nine months ended
| December 31,
(In thousands) | 2016 |  | 2015
Corporate-owned life insurance: |  |  |
Balance on April 1 | $ | 3,122 |  |  | $ | 2,493 |
Unrealized gain relating to instruments held at reporting date | 16 |  |  | 6 |
Purchases, sales, issuances and settlements, net | 1 |  |  | 65 |
Balance on December 31 | $ | 3,139 |  |  | $ | 2,564 |
The following tables present a summary of changes in the fair value of the Level 3 liabilities:
| Nine months ended
| December 31,
(In thousands) | 2016 |  | 2015
Contingent consideration |  |  |
Balance on April 1 | $ | 197 |  |  | $ | 112 |
Activity, payments and other charges (net) | (197 | ) |  | (8 | )
Balance on December 31 | $ | — |  |  | $ | 104 |

X
- Definition Fair Value Measurements [Abstract] + References No definition available. + Details
Name: | agys_FairValueMeasurementsAbstract
Namespace Prefix: | agys_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_FairValueMeasurementInputsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration