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ACQUISITIONS | 12 Months Ended
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Mar. 31, 2013
Business Combinations [Abstract] |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | NOTE 5 — ACQUISITIONS Acquisition of McLain & Kyne On October 12, 2006, the Company acquired all of the outstanding capital stock of McLain & Kyne. Under the McLain & Kyne purchase agreement, as amended, the Company paid contingent consideration to the sellers based on the financial performance of certain assets of the acquired business through March 31, 2011. The Company is also required to pay contingent consideration, based on the case sales of Jefferson’s Presidential Select bourbon for a specified amount of cases, rather than a fixed period of time. For the years ended March 31, 2013 and 2012, the sellers earned $145,800 and $117,048, respectively, under this agreement. The earn-out payments have been recorded as an increase to goodwill.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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