Acquisition	12 Months Ended
Mar. 31, 2016
Acquisition [Abstract]
Acquisition	3. Acquisition On May 20, 2015, the Company completed the acquisition of certain assets and liabilities of OE Plus, Ltd. (“OE Plus”), a privately held remanufacturer of alternators and starters based in North Dighton, Massachusetts. The acquisition was consummated pursuant to an asset purchase agreement dated May 15, 2015 for cash purchase price of $2,701,000. As a result, the Company recorded (i) finite-lived intangible assets for trademarks with an estimated useful life of 10 years of $520,000, (ii) finite-lived intangible assets for customer relationships with an estimated useful life of 8 years of $2,100,000, and (iii) goodwill of $2,053,000. In addition, the Company is contingently obligated to make additional payments to the former owners of OE Plus up to $2,000,000 over the next four years. The estimated fair value of the contingent consideration obligation as of the acquisition date was $1,320,000 and was determined using an option-pricing model. Any subsequent changes from the initial recognition in the fair value of the contingent consideration are recorded in current period earnings as a general and administrative expense. The assets and results of operations of OE Plus were not significant to the Company’s consolidated financial position or results of operations, and thus pro forma information is not presented.

Acquisition

12 Months Ended

Mar. 31, 2016

3. Acquisition

On May 20, 2015, the Company completed the acquisition of certain assets and liabilities of OE Plus, Ltd. (“OE Plus”), a privately held remanufacturer of alternators and starters based in North Dighton, Massachusetts. The acquisition was consummated pursuant to an asset purchase agreement dated May 15, 2015 for cash purchase price of $2,701,000. As a result, the Company recorded (i) finite-lived intangible assets for trademarks with an estimated useful life of 10 years of $520,000, (ii) finite-lived intangible assets for customer relationships with an estimated useful life of 8 years of $2,100,000, and (iii) goodwill of $2,053,000.

In addition, the Company is contingently obligated to make additional payments to the former owners of OE Plus up to $2,000,000 over the next four years. The estimated fair value of the contingent consideration obligation as of the acquisition date was $1,320,000 and was determined using an option-pricing model. Any subsequent changes from the initial recognition in the fair value of the contingent consideration are recorded in current period earnings as a general and administrative expense. The assets and results of operations of OE Plus were not significant to the Company’s consolidated financial position or results of operations, and thus pro forma information is not presented.