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Consolidated Statements of Cash Flows
12 Months Ended
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Mar. 31, 2014
USD ($)
Cash flows from operating activities:      
Net income $ 10,563,000 $ 11,453,000 $ 107,359,000
Less income from discontinued operations 0 0 100,877,000
Income from continuing operations 10,563,000 11,453,000 6,482,000
Adjustments to reconcile net income from continuing operations to net cash (used in) provided by operating activities:      
Depreciation 2,315,000 1,851,000 2,003,000
Amortization of intangible assets 621,000 670,000 739,000
Amortization of debt issuance costs 790,000 1,702,000 4,574,000
Write-off of debt issuance costs 5,108,000 0 0
Amortization of interest on accrued core payments 736,000 0 0
Loss due to change in fair value of the warrant liability 5,137,000 459,000 10,443,000
Gain due to the change in the fair value of the contingent consisderation (990,000) 0 0
Gain on extinguishment of warrant liability 0 0 (216,000)
Gain on redemption of short-term investment 0 (4,000) 0
Net provision for inventory reserves 4,518,000 1,635,000 1,620,000
Net (recovery of) provision for customer payment discrepancies (299,000) 91,000 (10,000)
Net provision for (recovery of) doubtful accounts 4,404,000 184,000 (47,000)
Deferred income taxes (3,781,000) 5,831,000 20,124,000
Share-based compensation expense 2,584,000 2,209,000 969,000
Impact of tax benefit on APIC pool from stock options exercised 0 0 569,000
Loss on disposal of plant and equipment 7,000 16,000 9,000
Changes in current assets and liabilities:      
Accounts receivable 4,647,000 (2,790,000) (18,342,000)
Inventory 3,054,000 (10,239,000) (14,478,000)
Inventory unreturned (2,687,000) (299,000) (552,000)
Prepaid expenses and other current assets 2,765,000 (3,451,000) 3,689,000
Other assets (477,000) (491,000) (463,000)
Accounts payable and accrued liabilities 6,620,000 3,621,000 18,965,000
Customer finished goods returns accrual 6,698,000 3,427,000 1,961,000
Deferred core revenue 0 (15,065,000) 3,051,000
Long-term core inventory (53,408,000) (46,466,000) (26,519,000)
Long-term core inventory deposits 26,002,000 (2,196,000) (1,766,000)
Accrued core payment (11,266,000) 37,070,000 0
Other liabilities 1,673,000 1,325,000 485,000
Net cash provided by (used in) operating activities from continuing operations 15,334,000 (9,457,000) 13,290,000
Net cash provided by operating activities from discontinued operations 0 0 227,000
Net cash (used in) provided by operating activities 15,334,000 (9,457,000) 13,517,000
Cash flows from investing activities:      
Purchase of plant and equipment (3,747,000) (3,734,000) (2,978,000)
Purchase of business (2,701,000) 0 0
Additions to short term investments (1,134,000) (134,000) (54,000)
Net cash used in investing activities from continuing operations (7,582,000) (3,868,000) (3,032,000)
Net cash used in investing activities from discontinued operations 0 0 (295,000)
Net cash used in investing activities (7,582,000) (3,868,000) (3,327,000)
Cash flows from financing activities:      
Borrowings under revolving loan 29,000,000 0 10,000,000
Repayments under revolving loan (22,000,000) (10,000,000) 0
Borrowings under term loan 25,000,000 0 20,000,000
Repayments of term loan (86,063,000) (8,400,000) (11,600,000)
Payments for debt issuance costs (2,337,000) 0 (5,221,000)
Payments on capital lease obligations (374,000) (64,000) (196,000)
Exercise of stock options 5,392,000 1,247,000 5,766,000
Excess tax benefits from stock-based compensation 5,313,000 1,131,000 (286,000)
Cash used to net share settle equity awards (913,000) (806,000) 0
Repurchase of common stock and options, including fees 0 0 (627,000)
Repurchase of warrants 0 0 (2,194,000)
Proceeds from issuance of common stock 0 71,760,000 0
Stock issuance costs 0 (4,787,000) 0
Net cash (used in) provided by financing activities from continuing operations (46,982,000) 50,081,000 15,642,000
Net cash used in financing activities from discontinued operations 0 0 (20,636,000)
Net cash (used in) provided by financing activities (46,982,000) 50,081,000 (4,994,000)
Effect of exchange rate changes on cash and cash equivalents (103,000) (125,000) (31,000)
Net (decrease) increase in cash and cash equivalents (39,333,000) 36,631,000 5,165,000
Cash and cash equivalents - Beginning of period from continuing operations 61,230,000 24,599,000 19,346,000
Cash and cash equivalents - Beginning of period from discontinued operations 0 0 88,000
Cash and cash equivalents - End of period 21,897,000 61,230,000 24,599,000
Less cash and cash equivalents - End of period from discontinued operations 0 0 0
Cash and cash equivalents - End of period from continuing operations 21,897,000 61,230,000 24,599,000
Cash paid during the period for:      
Interest, net 9,812,000 11,369,000 14,647,000
Income taxes, net of refunds 3,762,000 4,918,000 (16,472,000)
Non-cash investing and financing activities:      
Property acquired under capital lease 2,454,000 274,000 303,000
Contingent consideration $ 1,320,000 $ 0 $ 0