XML 19 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisition
 12 Months Ended
Mar. 31, 2013
Acquisition [Abstract]  
Acquisition
3. Acquisition

On May 6, 2011, the Company acquired Fenco. The unaudited pro forma information presented is for illustrative purposes only and is not necessarily indicative of the results of operations that would have been realized if the acquisition had been completed on the date indicated, nor is it indicative of future operating results. The following historical financial information has been adjusted to give effect to pro forma events that are (i) directly attributable to the acquisition, (ii) factually supportable, and (iii) with respect to statements of operations, expected to have a continuing impact on the combined results, including the amortization of the fair value of the identifiable intangible assets and the cost of goods sold impact related to the fair value step-up of inventory acquired. The unaudited pro forma information does not reflect any operating changes, associated cost savings or additional costs that the Company may achieve or incur with respect to the combined companies.

The unaudited pro forma financial information presented below for the years ended March 31, 2012 and 2011 assumes the acquisition had occurred on April 1, 2011 and 2010, respectively.
 
   
Years Ended March 31,
 
 
 
2012
  
2011
 
        
Net sales
 $390,221,000  $363,142,000 
Operating (loss) income
  (29,131,000)  6,282,000 
Loss before income tax expense
  (44,179,000)  (9,270,000)
Net loss
  (51,158,000)  (22,791,000)
Basic net loss per share
 $(4.11) $(1.84)
Diluted net loss per share
 $(4.11) $(1.84)