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Fair Value Measurements (Tables) | 6 Months Ended
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Sep. 30, 2013
Fair Value Measurements [Abstract] |
Financial assets and liabilities measured at fair value recurring basis | The following table summarizes the Company’s financial assets and liabilities measured at fair value, by level within the fair value hierarchy as of September 30, 2013 and March 31, 2013:
|  | September 30, 2013 |  |  | March 31, 2013 |
|  |  |  |  | Fair Value Measurements |  |  |  |  |  | Fair Value Measurements |
|  |  |  |  | Using Inputs Considered as |  |  |  |  |  | Using Inputs Considered as |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds |  | $ | 452,000 |  |  | $ | 452,000 |  |  |  | - |  |  |  | - |  |  | $ | 411,000 |  |  | $ | 411,000 |  |  |  | - |  |  |  | - |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign currency exchange contracts |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 683,000 |  |  |  | - |  |  | $ | 683,000 |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation |  |  | 452,000 |  |  |  | 452,000 |  |  |  | - |  |  |  | - |  |  |  | 411,000 |  |  |  | 411,000 |  |  |  | - |  |  |  | - |
Forward foreign currency exchange contracts |  |  | 150,000 |  |  |  | - |  |  | $ | 150,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  |  | 5,975,000 |  |  |  | - |  |  |  | - |  |  | $ | 5,975,000 |  |  |  | 2,014,000 |  |  |  | - |  |  |  | - |  |  | $ | 2,014,000 |
Assumptions used to determine fair value of warrant liability | The assumptions used to determine the fair value of the Cerberus Warrant and the Supplier Warrant recorded as warrant liability were:
|  | September 30, 2013 |
|  | Cerberus Warrant |  |  | Supplier Warrant |
Risk free interest rate |  |  | 0.88 | % |  |  | 1.01 | %
Expected life in years |  |  | 3.65 |  |  |  | 4.00 |
Expected volatility |  |  | 44.19 | % |  |  | 43.10 | %
Dividend yield |  |  | - |  |  |  | - |
Probability of future financing |  |  | 0 | % |  |  | 0 | %
Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (level | A summary of the change to the Company’s warrant liability, as measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is presented below:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Beginning balance |  | $ | 3,584,000 |  |  | $ | 617,000 |  |  | $ | 2,014,000 |  |  | $ | - |
Newly issued |  |  | - |  |  |  | 1,018,000 |  |  |  | - |  |  |  | 1,625,000 |
Total loss (gain) included in net loss |  |  | 2,391,000 |  |  |  | (67,000 | ) |  |  | 3,961,000 |  |  |  | (57,000 | )
Warrants exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net transfers in (out) of Level 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Ending balance |  | $ | 5,975,000 |  |  | $ | 1,568,000 |  |  | $ | 5,975,000 |  |  | $ | 1,568,000 |

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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + 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=25499696&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 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: 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=25499696&loc=d3e19190-110258 + Details
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