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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes

Income (loss) before income taxes for the years ended March 31, 2015, 2014, and 2013 are provided in the table as follows (in thousands):

	For the years ended March 31,
	2015				2014				2013
Income (loss) before income tax expense:
U.S.	$	(40,277	)		$	(91,558	)		$	(66,975	)
Foreign		(8,563	)			36,152				580
Total	$	(48,840	)		$	(55,406	)		$	(66,395	)

Schedule of Components of Income Tax Expense (Benefit) Attributable to Continuing Operations

The components of income tax expense (benefit) attributable to continuing operations consist of the following (in thousands):

	For the years ended March 31,
	2015				2014				2013
Current
Federal	$	47			$	287			$	94
State		-				-				-
Foreign		(274	)			614				(438	)
Total current		(227	)			901				(344	)
Deferred
Federal		43				(49	)			93
State		-				-				-
Foreign		-				-				(13	)
Total deferred		43				(49	)			80
Income tax (benefit) expense	$	(184	)		$	852			$	(264	)

Schedule of Reconciliation of Statutory Federal Income Tax Rate to Effective Income Tax Rate

The reconciliation between the statutory federal income tax rate and the Company’s effective income tax rate is shown below.

	For the years ended March 31,
	2015				2014				2013
Statutory federal income tax rate		(34	)	%		(34	)	%		(34	)	%
State income taxes, net of federal benefit		2				-				(3	)
Deemed dividend		1				1				2
Foreign income tax rate differential		6				(6	)			(2	)
Stock options		1				2				(2	)
Nondeductible expenses		1				1				1
Research and development tax credit		-				-				(1	)
Deferred Warrants		(3	)			(1	)
Interest expense		-				5				7
Extinguishment of debt		-				3				-
Reversal of uncertain tax benefits		(6	)			-				-
Valuation allowance		32				30				32
Effective income tax rate		-		%		1		%		-		%

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the principal components of the Company’s deferred tax assets and liabilities (in thousands):

	For the years ended March 31,
	2015				2014
Deferred tax assets:
Net operating loss carryforwards	$	272,498			$	260,254
Research and development and other tax credit carryforwards		10,655				10,613
Accruals and reserves		37,153				36,214
Fixed assets and intangible assets		2,432				2,855
Other		18,514				19,594
Gross deferred tax assets		341,252				329,530
Valuation allowance		(294,860	)			(282,824	)
Total deferred tax assets		46,392				46,706
Deferred tax liabilities:
Intercompany debt		(36,298	)			(36,102	)
Other		(10,174	)			(10,641	)
Total deferred tax liabilities		(46,472	)			(46,743	)
Net deferred tax liabilities	$	(80	)		$	(37	)

Schedule of Uncertainties in Income Tax Provision Liability

A tabular roll-forward of the Company’s uncertainties in income tax provision liability is presented below (in thousands):

Balance at March 31, 2013	$	1,061
Increase for tax positions		-
Balance at March 31, 2014	$	1,061
Reversal of uncertain tax positions		(1,061)
Balance at March 31, 2015	$	-

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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