XML 48 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1

Note 11 - Income Taxes (Tables)

12 Months Ended

Mar. 31, 2018

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		Year Ended March 31,
		201 8				201 7				201 6
Domestic		$	12,708			$	12,913			$	14,427
Foreign			(12,407	)			1,383				1,128
Total earnings before income taxes		$	301			$	14,296			$	15,555

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year E nded March 31,
		201 8				201 7				201 6
Current tax provision
Federal		$	3,732			$	2,282			$	3,666
State			715				510				627
Foreign			1,299				849				658
Total current tax expense			5,746				3,641				4,951
Deferred tax provision:
Federal			(1,589	)			(126	)			(189	)
State			(216	)			(32	)			(138	)
Foreign			(678	)			(370	)			(238	)
Total deferred tax expense			(2,483	)			(528	)			(565	)
Total income tax expense		$	3,263			$	3,113			$	4,386

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		March 3 1,
		201 8				201 7
Current deferred tax assets:
Accrued employee-related expenses		$	277			$	242
Allowances and reserves			101				132
Stock compensation deductible differences			779				898
Inventories			1,388				691
Currency translation adjustment			51				--
Net operating loss			90				--
Foreign tax credit			100				--
Other			--				9
Total current deferred tax assets			2,786				1,972
Long-term deferred tax liabilities:
Property, plant and equipment			(1,236	)			(1,635	)
Goodwill and intangible assets			(3,940	)			(3,807	)
Currency translation adjustment			--				(3	)
Other			(4	)			(81	)
Total long-term deferred tax liabilities			(5,180	)			(5,526	)
Valuation allowance			(100	)			--
Net deferred tax liability		$	(2,494	)		$	(3,554	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year E nded March 31,
		201 8				201 7				201 6
Federal income taxes at statutory rates		$	93			$	4,861			$	5,445
State income taxes, net of federal benefit			328				302				293
Tax benefit of stock option exercises			(1,087	)			(1,576	)			(751	)
Section 199 manufacturing deduction			(381	)			(304	)			(440	)
Research and development credit			(162	)			(385	)			(345	)
Tax Cuts and Jobs Act			(59	)			--				--
Impairment of non-deductible goodwill			4,257				--				--
Other			274				215				184
Total income tax expense		$	3,263			$	3,113			$	4,386

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		Year Ended March 31,
		2018				2017				2016
Beginning balance		$	331			$	221			$	--
Increases related to current period tax positions			496				110				221
Ending balance		$	827			$	331			$	221

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration