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Note 17 - Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2017
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended March 31, |
|  | 2017 |  |  | 2016 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | 1,124,000 |  |  | $ | 1,817,000 |
State |  |  | 128,000 |  |  |  | 316,000 |
Foreign |  |  | 132,000 |  |  |  | 171,000 |
Total current |  |  | 1,384,000 |  |  |  | 2,304,000 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (592,000 | ) |  |  | 152,000 |
State |  |  | (67,000 | ) |  |  | (61,000 | )
Total deferred |  |  | (659,000 | ) |  |  | 91,000 |
Total |  | $ | 725,000 |  |  | $ | 2,395,000 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended March 31, |
|  | 2017 |  |  | 2016 |
Expected Federal income tax expense U.S. statutory rate |  | $ | (1,434,000 | ) |  |  | 34.0 | % |  | $ | 2,092,000 |  |  |  | 34.0 | %
State income taxes, net of Federal benefit |  |  | 40,000 |  |  |  | -0.9 | % |  |  | 169,000 |  |  |  | 2.7 | %
Permanent differences, other |  |  | 156,000 |  |  |  | -3.7 | % |  |  | 47,000 |  |  |  | 0.8 | %
Dividend received deduction |  |  | (302,000 | ) |  |  | 7.2 | % |  |  | - |  |  |  | 0.0 | %
Section 831(b) benefit |  |  | (281,000 | ) |  |  | 6.7 | % |  |  | (316,000 | ) |  |  | -5.1 | %
Change in valuation allowance |  |  | 3,868,000 |  |  |  | -91.8 | % |  |  | 557,000 |  |  |  | 9.0 | %
Domestic production activities deductions |  |  | (64,000 | ) |  |  | 1.5 | % |  |  | (193,000 | ) |  |  | -3.1 | %
Income attributable to minority interest - Contrail Aviation |  |  | (45,000 | ) |  |  | 1.1 | % |  |  | - |  |  |  | 0.0 | %
Deferred benefit for outside basis difference recorded on Delphax CFC's |  |  | (1,015,000 | ) |  |  | 24.1 | % |  |  | - |  |  |  | 0.0 | %
Deferred state income taxes, net of Federal benefit for Delphax |  |  | (102,000 | ) |  |  | 2.4 | % |  |  | - |  |  |  | 0.0 | %
Other differences, net |  |  | (96,000 | ) |  |  | 2.3 | % |  |  | 39,000 |  |  |  | 0.6 | %
Income tax expense |  | $ | 725,000 |  |  |  | -17.1 | % |  | $ | 2,395,000 |  |  |  | 38.9 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | Year Ended March 31, |
|  | 2017 |  |  | 2016 |
Inventory reserves |  | $ | 785,000 |  |  | $ | 504,000 |
Accrued vacation |  |  | 475,000 |  |  |  | 439,000 |
Stock option compensation |  |  | 108,000 |  |  |  | 141,000 |
Property and equipment |  |  | 169,000 |  |  |  | - |
Warranty reserve |  |  | 39,000 |  |  |  | 74,000 |
Accounts and notes receivable reserve |  |  | 290,000 |  |  |  | 181,000 |
Employee severance reserve |  |  | 460,000 |  |  |  | - |
Net operating loss carryforwards |  |  | 6,461,000 |  |  |  | 5,353,000 |
Federal/Canadian tax credits |  |  | 4,648,000 |  |  |  | 4,784,000 |
263A inventory capitalization |  |  | 10,000 |  |  |  | 60,000 |
Unrealized gains/losses and outside basis difference for CFC's |  |  | 1,995,000 |  |  |  | - |
Intangibles |  |  | 43,000 |  |  |  | - |
Other |  |  | 78,000 |  |  |  | 112,000 |
Total deferred tax assets |  |  | 15,561,000 |  |  |  | 11,648,000 |
Deferred revenue |  |  | (35,000 | ) |  |  | (52,000 | )
Prepaid expenses |  |  | (505,000 | ) |  |  | (563,000 | )
Property and equipment |  |  | - |  |  |  | (70,000 | )
Intangibles |  |  | - |  |  |  | (388,000 | )
Gain on marketable securities (OCI) |  |  | (94,000 | ) |  |  | - |
Outside basis difference |  |  | (34,000 | ) |  |  | - |
Total deferred tax liabilities |  |  | (668,000 | ) |  |  | (1,073,000 | )
Net deferred tax asset (liability) |  | $ | 14,893,000 |  |  | $ | 10,575,000 |
Less valuation allowance |  |  | (14,698,000 | ) |  |  | (10,830,000 | )
Net deferred tax asset (liability) after valuation allowance |  | $ | 195,000 |  |  | $ | (255,000 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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