XML 60 R45.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2017
Fair Value Measurements [Abstract] |
Financial assets and liabilities measured at fair value recurring basis | The following sets forth by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis according to the valuation techniques the Company used to determine their fair values at:
|  | March 31, 2017 |  |  | March 31, 2016 |
|  |  |  |  | Fair Value Measurements Using Inputs Considered as |  |  |  |  |  | Fair Value Measurements 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 |  | $ | 2,140,000 |  |  | $ | 2,140,000 |  |  |  | - |  |  |  | - |  |  | $ | 1,813,000 |  |  | $ | 1,813,000 |  |  |  | - |  |  |  | - |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign currency exchange contracts |  |  | 427,000 |  |  |  | - |  |  | $ | 427,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 224,000 |  |  |  | - |  |  |  | - |  |  | $ | 224,000 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation |  |  | 2,140,000 |  |  |  | 2,140,000 |  |  |  | - |  |  |  | - |  |  |  | 1,813,000 |  |  |  | 1,813,000 |  |  |  | - |  |  |  | - |
Forward foreign currency exchange contracts |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 416,000 |  |  |  | - |  |  | $ | 416,000 |  |  |  | - |
Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  |  | 11,879,000 |  |  |  | - |  |  |  | - |  |  | $ | 11,879,000 |  |  |  | 15,643,000 |  |  |  | - |  |  |  | - |  |  |  | 15,643,000 |
Contingent consideration |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 106,000 |  |  |  | - |  |  |  | - |  |  |  | 106,000 |
Assumptions used to determine fair value of supplier warrant liability | The following assumptions were used to determine the fair value of the Supplier Warrant:
|  | March 31, 2017 |
Risk free interest rate |  |  | 0.91 | %
Expected life in years |  |  | 0.50 |
Expected volatility |  |  | 39.00 | %
Dividend yield |  |  | - |
Probability of future financing |  |  | 0 | %
Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (level 3) | The following summarizes the activity for Level 3 fair value measurements:
|  | Years Ended March 31, |
|  | 2017 |  |  | 2016 |
|  | Supplier Warrant |  |  | Contingent Consideration |  |  | Supplier Warrant |  |  | Contingent Consideration |
Beginning balance |  | $ | 15,643,000 |  |  | $ | 330,000 |  |  | $ | 10,506,000 |  |  | $ | - |
Newly issued |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,320,000 |
Total (gain) loss included in net income |  |  | (3,764,000 | ) |  |  | (16,000 | ) |  |  | 5,137,000 |  |  |  | (990,000 | )
Exercises/settlements |  |  | - |  |  |  | (314,000 | ) |  |  | - |  |  |  | - |
Net transfers in (out) of Level 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Ending balance |  | $ | 11,879,000 |  |  | $ | - |  |  | $ | 15,643,000 |  |  | $ | 330,000 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=66048111&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=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration