XML 47 R27.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Information | 12 Months Ended
--- | ---
Mar. 31, 2016
Segment Reporting [Abstract] |
Segment Information | 20. Segment Information The Company has three reportable segments: plastic injection molding, electronic products assembling and metallic parts manufacturing. The Company's reportable segments are strategic business units that offer different products and services. They are managed separately because each business requires different technology and marketing strategies. Most of the businesses were acquired as a unit, and the management at the time of the acquisition was retained. During the fourth quarter of fiscal 2015, the Company completed its exit from metallic parts business. See note 10 – discontinued operations for details. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. Contributions of the major activities, profitability information and asset information of the Company's reportable segments for the years ended March 31, 2014, 2015 and 2016 are as follows:
|  | Year ended March 31,
|  | 2014 |  | 2015 |  | 2016
|  | Net sales |  | Intersegment Sales |  | Income (loss) before income tax |  | Net sales |  | Intersegment Sales |  | Income (loss) before income tax |  | Net sales |  | Intersegment Sales |  | Income (loss) before income tax
Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  | $ | 19,918 |  |  | $ | 580 |  |  | $ | (4,517 | ) |  | $ | 20,206 |  |  | $ | (434 | ) |  | $ | (341 | ) |  | $ | 20,181 |  |  | $ | (356 | ) |  | $ | (2,671 | )
Electronic products |  |  | 21,684 |  |  |  | 90 |  |  |  | (1,938 | ) |  |  | 18,409 |  |  |  | (105 | ) |  |  | (1,912 | ) |  |  | 24,847 |  |  |  | (104 | ) |  |  | (2,105 | )
Metallic parts (Discontinued in fiscal 2015) |  |  | — |  |  |  | — |  |  |  | (411 | ) |  |  | 1 |  |  |  | — |  |  |  | (348 | ) |  |  | — |  |  |  | — |  |  |  | — |
Segment total |  | $ | 41,602 |  |  | $ | 670 |  |  | $ | (6,866 | ) |  |  | 38,616 |  |  | $ | (539 | ) |  | $ | (2,601 | ) |  | $ | 45,028 |  |  | $ | (460 | ) |  | $ | (4,776 | )
Reconciliation to consolidated totals: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales eliminations |  |  | (670 | ) |  |  | (670 | ) |  |  | — |  |  |  | (539 | ) |  |  | 539 |  |  |  | — |  |  |  | (460 | ) |  |  | 460 |  |  |  | — |
Consolidated totals: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 40,932 |  |  | $ | — |  |  |  |  |  |  | $ | 38,077 |  |  | $ | — |  |  |  |  |  |  |  | 44,568 |  |  | $ | — |  |  |  |  |
Loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (6,866 | ) |  |  |  |  |  |  |  |  |  | $ | (2,601 | ) |  |  |  |  |  |  |  |  |  | $ | (4,776 | )
|  | Year ended March 31,
|  | 2014 |  | 2015 |  | 2016
|  | Interest income |  | Interest expenses |  | Interest income |  | Interest expenses |  | Interest income |  | Interest expenses
Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  | $ | 495 |  |  | $ | — |  |  | $ | 509 |  |  | $ | — |  |  | $ | 364 |  |  | $ | — |
Electronic products |  |  | 101 |  |  |  | — |  |  |  | 26 |  |  |  | — |  |  |  | 8 |  |  |  | — |
Metallic parts (Discontinued in fiscal 2015) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consolidated total |  | $ | 596 |  |  | $ | — |  |  | $ | 535 |  |  | $ | — |  |  | $ | 372 |  |  | $ | — |
|  | Year ended March 31,
|  | 2014 |  | 2015 |  | 2016
|  | Identifiable assets |  | Capital expenditure |  | Depreciation and amortization |  | Identifiable assets |  | Capital expenditure |  | Depreciation and amortization |  | Identifiable assets |  | Capital expenditure |  | Depreciation and amortization
Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  | $ | 74,328 |  |  | $ | 200 |  |  | $ | 3,181 |  |  | $ | 73,829 |  |  | $ | 550 |  |  | $ | 2,384 |  |  | $ | 67,528 |  |  | $ | 424 |  |  | $ | 1,969 |
Electronic products |  |  | 25,911 |  |  |  | 648 |  |  |  | 399 |  |  |  | 22,610 |  |  |  | 340 |  |  |  | 415 |  |  |  | 20,043 |  |  |  | 167 |  |  |  | 404 |
Metallic parts (Discontinued in fiscal 2015) |  |  | 397 |  |  |  | 5 |  |  |  | 41 |  |  |  | — |  |  |  | — |  |  |  | 25 |  |  |  | — |  |  |  | — |  |  |  | — |
Consolidated Totals |  | $ | 100,636 |  |  | $ | 853 |  |  | $ | 3,621 |  |  | $ | 96,439 |  |  | $ | 890 |  |  | $ | 2,824 |  |  | $ | 87,571 |  |  | $ | 591 |  |  | $ | 2,373 |
The Company's sales are coordinated through the Macao subsidiaries and a breakdown of sales by destination is as follows:
|  | Year ended March 31,
|  | 2014 |  | 2015 |  | 2016
Net sales |  |  |  |  |  |  |  |  |  |  |  |
United States of America |  | $ | 11,081 |  |  | $ | 9,910 |  |  | $ | 8,116 |
PRC |  |  | 15,862 |  |  |  | 16,119 |  |  |  | 18,785 |
United Kingdom |  |  | 1,721 |  |  |  | 1,023 |  |  |  | 1,007 |
Hong Kong |  |  | 3,550 |  |  |  | 5,505 |  |  |  | 7,672 |
Europe |  |  | 6,197 |  |  |  | 3,501 |  |  |  | 6,403 |
Others |  |  | 2,521 |  |  |  | 2,018 |  |  |  | 2,585 |
Net sales from continuing operations |  | $ | 40,932 |  |  | $ | 38,076 |  |  | $ | 44,568 |
Net sales from discontinued operations |  |  | — |  |  |  | 1 |  |  |  | — |
Total net sales |  | $ | 40,932 |  |  | $ | 38,077 |  |  | $ | 44,568 |
The location of the Company's identifiable assets is as follows:
|  | March 31,
|  | 2015 |  | 2016
Hong Kong and Macao |  | $ | 29,444 |  |  | $ | 32,528 |
PRC |  |  | 66,995 |  |  |  | 55,043 |
Total identifiable assets |  |  | 96,439 |  |  |  | 87,571 |
Goodwill |  |  | — |  |  |  | — |
Total assets |  | $ | 96,439 |  |  | $ | 87,571 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration