XML 22 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]      
Net sales $ 19,603 $ 22,935 $ 22,373
Cost of sales (14,033) (17,007) (16,656)
Gross profit 5,570 5,928 5,717
Selling, general and administrative expenses (4,809) (4,412) (4,446)
Operating income 761 1,516 1,271
Non-operating income (expense):      
Exchange loss, net (19) (21) (125)
Interest income 8 10 18
Other income 11 2 3
Gain on disposal of property, plant and equipment 110
Total non-operating income (expense) 0 (9) 6
Income before income taxes 761 1,507 1,277
Income taxes (note 3) (236) (243) (134)
Net income 525 1,264 1,143
Net loss (profit) attributable to non-controlling interests 2 (13) 7
Net income attributable to Highway Holdings Limited's shareholders $ 527 $ 1,251 $ 1,150
Net income per share:      
- basic (in dollars per share) $ 0.14 $ 0.33 $ 0.30
- diluted (in dollars per share) $ 0.14 $ 0.33 $ 0.30
Weighted average number of shares outstanding:      
- basic (in shares) 3,801,874 3,801,874 3,786,542
- diluted (in shares) 3,801,874 3,801,874 3,794,801