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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:      
Net income $ 16,316,000 $ 37,573,000 $ 10,563,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation 3,798,000 3,101,000 2,315,000
Amortization of intangible assets 710,000 613,000 621,000
Amortization of debt issuance costs 1,060,000 716,000 790,000
Write-off of debt issuance costs 0 0 5,108,000
Amortization of interest on accrued core payment 670,000 704,000 736,000
(Gain) loss due to the change in the fair value of the warrant liability (2,313,000) (3,764,000) 5,137,000
Gain due to the change in the fair value of the contingent consideration 0 (16,000) (990,000)
Net provision for inventory reserves 8,491,000 3,864,000 4,518,000
Net provision for (recovery of) customer payment discrepancies 998,000 718,000 (299,000)
Net provision for doubtful accounts 21,000 3,000 4,404,000
Deferred income taxes 3,055,000 6,510,000 (3,781,000)
Share-based compensation expense 3,766,000 3,383,000 2,584,000
Loss on disposal of plant and equipment 161,000 13,000 7,000
Change in operating assets and liabilities, net of acquisitions:      
Accounts receivable 10,854,000 (18,145,000) 4,647,000
Inventory (6,847,000) (10,058,000) 3,054,000
Inventory unreturned 73,000 2,939,000 (2,687,000)
Income tax receivable (6,081,000) (1,686,000) 3,981,000
Prepaid expenses and other current assets (2,507,000) (2,647,000) (1,216,000)
Other assets (384,000) (3,339,000) (477,000)
Accounts payable and accrued liabilities (11,621,000) 12,446,000 6,620,000
Customer finished goods returns accrual 138,000 (8,709,000) 6,698,000
Long-term core inventory (45,839,000) (24,964,000) (53,408,000)
Long-term core inventory deposits 0 0 26,002,000
Accrued core payment 10,276,000 (3,180,000) (11,266,000)
Other liabilities 1,261,000 (1,344,000) 1,673,000
Net cash (used in) provided by operating activities (13,944,000) (5,269,000) 15,334,000
Cash flows from investing activities:      
Purchase of plant and equipment (9,933,000) (4,929,000) (3,747,000)
Purchase of business (4,993,000) (705,000) (2,701,000)
Additions to short term investments (352,000) (49,000) (1,134,000)
Net cash used in investing activities (15,278,000) (5,683,000) (7,582,000)
Cash flows from financing activities:      
Borrowings under revolving loan 84,000,000 65,001,000 29,000,000
Repayments under revolving loan (41,000,000) (61,001,000) (22,000,000)
Borrowings under term loan 0 0 25,000,000
Repayments of term loan (3,125,000) (3,125,000) (86,063,000)
Payments for debt issuance costs (462,000) (433,000) (2,337,000)
Payments on capital lease obligations (905,000) (591,000) (374,000)
Payment of contingent consideration 0 (314,000) 0
Exercise of stock options 481,000 1,662,000 5,392,000
Excess tax benefits from stock-based compensation 0 0 5,313,000
Cash used to net share settle equity awards (596,000) (1,058,000) (913,000)
Repurchase of common stock, including fees (9,251,000) (1,990,000) 0
Exercise of warrant 4,000,000 0 0
Net cash provided by (used in) financing activities 33,142,000 (1,849,000) (46,982,000)
Effect of exchange rate changes on cash and cash equivalents 100,000 (67,000) (103,000)
Net increase (decrease) in cash and cash equivalents 4,020,000 (12,868,000) (39,333,000)
Cash and cash equivalents - Beginning of period 9,029,000 21,897,000 61,230,000
Cash and cash equivalents - End of period 13,049,000 9,029,000 21,897,000
Cash paid during the period for:      
Interest, net 13,623,000 11,674,000 9,812,000
Income taxes, net of refunds 19,657,000 12,378,000 3,762,000
Non-cash investing and financing activities:      
Property acquired under capital lease 3,478,000 802,000 2,454,000
Contingent consideration $ 0 $ 0 $ 1,320,000