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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Net sales $ 22,935 $ 22,373 $ 22,936
Cost of sales (17,007) (16,656) (17,484)
Gross profit 5,928 5,717 5,452
Selling, general and administrative expenses (4,412) (4,446) (4,659)
Operating income 1,516 1,271 793
Non-operating (expense) income:      
Exchange loss, net (21) (125) (31)
Interest expense 0 0 (1)
Interest income 10 18 17
Other income 2 3 12
(Loss) gain on disposal of property, plant and equipment 0 110 (23)
Total non-operating (expense) income (9) 6 (26)
Income before income taxes 1,507 1,277 767
Income taxes (note 3) (243) (134) (172)
Net income 1,264 1,143 595
Net loss (profit) attributable to non-controlling interests (13) 7 1
Net income attributable to Highway Holdings Limited's shareholders $ 1,251 $ 1,150 $ 596
Net income per share:      
- basic (in dollars per share) $ 0.33 $ 0.3 $ 0.16
- diluted (in dollars per share) $ 0.33 $ 0.3 $ 0.16
Weighted average number of shares outstanding:      
- basic (in shares) 3,801,874 3,786,542 3,778,825
- diluted (in shares) 3,801,874 3,794,801 3,788,604