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Condensed Financial Information of Deswell Industries, Inc. (Tables)

12 Months Ended

Mar. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Balance sheets

		March 31,
		2015				2016
Assets

Current assets:
Cash and cash equivalents		$	1,369			$	294
Prepaid expenses and other current assets			76				76
Amounts due from subsidiaries			35,633				33,462
Total current assets			37,078				33,832
Investments in subsidiaries			48,360				44,861
Property, plant and equipment-net			56				17
Total assets		$	85,494			$	78,710

Liabilities and shareholders’ equity
Current liabilities:
Accrued payroll and employee benefits		$	1,315			$	1,226
Other accrued liabilities			116				114
Dividend payable			—				562
Total current liabilities			1,431				1,902
Total shareholders’ equity			84,063				76,808
Total liabilities and shareholders’ equity		$	85,494				78,710

Condensed Income Statement

Statements of comprehensive loss

		Year ended March 31,
		2014				2015				2016
Equity in loss of subsidiaries		$	(5,213	)		$	(1,120	)		$	(3,426	)
Operating expenses			2,277				1,688				1,508
Loss before income taxes			(7,490	)			(2,808	)			(4,934	)
Income taxes			—				—				—
Net loss			(7,490	)			(2,808	)			(4,934	)
Share of other comprehensive income/(loss) of subsidiaries			57				33				(73	)
Total comprehensive loss		$	(7,433	)		$	(2,775	)		$	(5,007	)

Condensed Cash Flow Statement

Statements of cash flows

		Year ended March 31,
		2014				2015				2016
Cash flows from operating activities
Net loss		$	(7,490	)		$	(2,808	)		$	(4,934	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in loss of subsidiaries			5,213				1,120				3,426
Depreciation			87				87				39
Stock-based compensation expenses			—				199				—
Changes in operating assets and liabilities:
Prepaid expenses and other current assets			5				—				—
Amounts due from subsidiaries			7,533				3,956				2,171
Accrued payroll and employee benefits			561				—				(89	)
Other accrued liabilities			(30	)			47				(2	)
Net cash provided by operating activities			5,879				2,601				611

Cash flows from investing activities
Purchase of property, plant and equipment			—				—				—
Net cash used in investing activities			—				—				—

Cash flows from financing activities
Dividends paid			(3,615	)			(2,971	)			(1,686	)
Exercise of stock options			493				—				—
Repurchase of common stock			(1,411	)			—				—
Net cash used in financing activities			(4,533	)			(2,971	)			(1,686	)

Net (decrease) increase in cash and cash equivalents			1,346				(370	)			(1,075	)
Cash and cash equivalents, beginning of year			393				1,739				1,369
Cash and cash equivalents, end of year		$	1,739			$	1,369			$	294