INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2016

INCOME TAXES

Schedule of components of (benefit from) provision for income taxes

(In thousands)	2016			2015			2014
Current:
Federal	$	(2,697	)	$	(2,688	)	$	6,870
State	4			19			281
Foreign	178			70			88
	(2,515		)	(2,599		)	7,239
Deferred:
Federal	457			2,691			528
State	(372		)	(208		)	(358		)
Change in valuation allowance	172			184			207
	257			2,667			377
(Benefit from) provision for income taxes	$	(2,258	)	$	68		$	7,616

Schedule of the difference between the total expected provision for income taxes computed by applying the statutory federal income tax rate to income before provision for income taxes and the recorded provision for income taxes

(In thousands)	2016			2015			2014
(Benefit from) provision for income taxes at statutory rate	$	(1,928	)	$	366		$	7,957
State tax benefit net of federal effect	(239		)	(122		)	(50		)
Stock based compensation	57			(60		)	51
Research tax credits	(624		)	(396		)	(294		)
Qualifying manufacturing credits	—			—			(288		)
Change in valuation allowance	172			184			207
Other	304			96			33
(Benefit from) provision for income taxes	$	(2,258	)	$	68		$	7,616

Schedule of the significant components of the net deferred tax assets

	March 31, 2016					March 31, 2015
(In thousands)	Current		Non-current			Current		Non-current
Deferred tax assets (liabilities):
Accounts receivable and unbilled costs and fees	$	—	$	277		$	—	$	119
Inventory	—		3,293			150		2,964
Deferred revenue	—		330			—		1,265
Accrued vacation	—		468			571		—
Accrued warranty costs	—		60			57		—
Depreciation	—		1,127			—		569
Accrued contract costs	—		(660		)	168		(905		)
Unearned compensation	—		2,749			1,407		2,295
State net operating losses and credit carryforwards	—		1,592			—		1,334
Research and development credits	—		403			—		—
Other	—		23			133		(355		)
Deferred income tax assets	—		9,662			2,486		7,286
Valuation allowance	—		(1,481		)	—		(1,334		)
Net deferred income tax assets	$	—	$	8,181		$	2,486	$	5,952