Commitments and Contingencies

12 Months Ended

Mar. 31, 2012

Commitments and Contingencies/Legal Proceedings [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 8 — COMMITMENTS AND CONTINGENCIES:

Leases:

The Company leases warehouse and office space with annual commitments as follows (in thousands):

			Rental Commitments
Fiscal Years	Amount		Affiliate		Non-Affiliate
2013		1,282		—		1,282
2014		728		—		728
2015		135		—		135
2016		16		—		16
Thereafter		—		—		—
Total	$	2,161	$	—	$	2,161

Rent expense resulting from leases with non-affiliated companies aggregated $1,369,000 and $990,000, respectively, for fiscal 2012 and 2011.

Letters of Credit:

The Company utilizes the services of one of its banks to issue secured letters of credit on behalf of the Company, as needed, on a 100% cash collateralized basis. At March 31, 2012 and March 31, 2011, the Company had approximately $0.2 million and $0.5 million of letters of credit outstanding.

Capital Expenditure and Other Commitments:

As of March 31, 2012, there were no capital expenditure or other commitments other than the normal purchase orders used to secure product.

Employee Benefit Plan:

The Company currently sponsors a defined contribution 401(k) retirement plan which is subject to the provisions of the Employee Retirement Income Security Act. The Company matches a percentage of the participants’ contributions up to a specified amount. These contributions to the plan for fiscal 2012 and 2011 were $64,000 and $74,000, respectively, and were charged against earnings for the periods presented.