XML 26 R9.htm IDEA: XBRL DOCUMENT

Inventories

3 Months Ended

Jun. 30, 2011

Note 4.

Inventories.

Inventories at June 30, 2011, and March 31, 2011, are summarized as follows:

(In thousands)	June 30, 2011		March 31, 2011
Discs	$	8,796	$	8,931
Other (principally disc packaging components)		3,118		2,588
		11,914		11,519
Production costs, net		3,080		3,243
		14,994		14,762
Less current portion of inventories		13,997		13,709
Noncurrent inventories, principally non-recoupable production costs	$	997	$	1,053

Inventories consist primarily of finished discs (i.e., DVDs and Blu-ray discs) for sale and are stated at the lower of average cost or market.

Production costs consist of capitalized costs to produce licensed programming for domestic and international distribution and include the costs of film and tape conversion to the optical disc format, menu and packaging design, authoring, compression and mastering. Non-recoupable production costs are reflected net of accumulated amortization of $13,406,000 and $12,564,000 at June 30, 2011 and March 31, 2011, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details