Income Taxes (Tables)

12 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Provision for Income Taxes (Benefit) Expense

The Company’s provision for income tax (benefit) expense for fiscal 2016 and fiscal 2015 was as follows:

	2016			2015
	(In thousands)
Current:
Federal	$	(685	)	$	(308	)
Foreign, state and other		8			55
Prior year federal and state, with interest		48			1,713
Uncertain tax positions, federal and state		(249	)		481
Deferred:
Federal		602			672
Foreign, state and other		17			454
Provision for income tax (benefit) expense	$	(259	)	$	3,067

Effective Rate Reflected in Provision for Income Taxes and Amounts Determined by Applying Statutory Federal Rate

The difference between the effective rate reflected in the provision for income taxes and the amounts determined by applying the statutory federal rate of 34% to earnings before income taxes for fiscal March 2016 and fiscal 2015 is analyzed below

	2016			2015
	(In thousands)
Statutory provision	$	(432	)	$	1,701
Foreign subsidiary		76			(798	)
State taxes		48			637
Permanent differences		3			61
Prior year taxes		—			892
True up to prior year taxes		299			(226	)
Valuation allowance		—			—
(Decrease)/increase in Uncertain Tax Positions		(249	)		481
NOL Adjustments		(4	)		319
Provision for income tax (benefit) expense	$	(259	)	$	3,067

Components of Deferred Tax Assets Classified as Non-Current

As of March 31, 2016 and March 31, 2015, the significant components of the Company’s deferred tax assets of which were classified as non-current, were as follows:

	2016		2015
	(In thousands)
Deferred tax assets:
Accounts receivable reserves	$	548	$	484
Inventory reserves		284		411
Accruals		42		67
Property, plant and equipment		504		522
Net operating loss and credit carry forwards		23		536
Total deferred tax assets	$	1,401	$	2,020

State Net Operating Loss

The Company has $0.4 million of state NOLs as of March 31, 2016 as follows (in millions $)

Loss Year (Fiscal)	Included in DTA	Expiration Year (Fiscal)
2014	$0.4 million		2034

Reconciliation of Changes in Uncertain Tax Positions

A reconciliation of the Company’s changes in uncertain tax positions from April 1, 2015 to March 31, 2016 is as follows:

	In 000’s
Total amount of unrecognized tax benefits as of April 1, 2015	$	480
Gross increases in unrecognized tax benefits as a result of tax    positions taken during a prior period		—
Gross decreases in unrecognized tax benefits as a result of tax    positions taken during a prior period		—
Gross increases in unrecognized tax benefits as a result of tax    positions taken during the current period		—
Gross decreases in unrecognized tax benefits as a result of tax    positions taken during the current period		—
Decreases in unrecognized tax benefits relating to settlements    with taxing authorities		(480	)
Reductions to unrecognized tax benefits as a result of lapse of    statute of limitations		—
Total amount of unrecognized tax benefits as of March 31, 2016		0