XML 86 R12.htm IDEA: XBRL DOCUMENT

Inventory

12 Months Ended

Mar. 31, 2015

5. Inventory

Inventory at March 31, 2015 and 2014 consisted of the following (in thousands):

	March 31,		March 31,
	2015		2014
Raw materials	$	9,411	$	3,304
Work-in-process		2,117		4,047
Finished goods		7,487		10,275
Deferred program costs		1,581		3,068
Net inventory	$	20,596	$	20,694

The Company recorded inventory write-downs of $1.4 million and $0.3 million for the years ended March 31, 2015 and 2014, respectively. These write downs were based on evaluating its inventory on hand for excess quantities and obsolescence.

Deferred program costs as of March 31, 2015 and 2014 primarily represent costs incurred on programs accounted for under contract accounting where the Company needs to complete development milestones before revenue and costs will be recognized.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details