Commitments and Contingencies

12 Months Ended

Mar. 31, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 8.                 Commitments and Contingencies.

Operating Leases

Our headquarters are located in Chatsworth, California, and consist of approximately 30,000 square feet on one floor of a multi-tenant building.  The monthly rent is $46,000 per month, on a gross basis.  The office lease, as amended, has an initial 10-year term expiring June 30, 2014 with two five-year options.  In addition, we lease storage space in the building at a rate of approximately $4,600 per month.

Future minimum annual rental payments by year under operating leases at March 31, 2012, are approximately as follows:

Fiscal	Amount
	(In thousands)
2013	$	552
2014		552
2015		138
	$	1,242

Rent expense was $602,000 and $604,000 for fiscal 2012 and 2011, respectively.

Employment Agreements.  At March 31, 2012, our future contractual obligations under eight employment (including one consulting) agreements are $1,833,000, and $124,000 for the fiscal years ending March 31, 2013 and 2014, respectively.

Other.  At March 31, 2012, our future obligations by year for royalty advances, minimum royalty guarantees and exclusive distribution fee guarantees under the terms of our existing licenses and exclusive distribution agreements were as follows:

Fiscal	Amount
	(in thousands)
2013	$	16,648
2014		5,437
	$	22,085

At March 31, 2012, we had accrued $2.2 million of the fiscal 2013 obligation, not included above, as the content suppliers have met their related contractual requirements.