Note 3 - Equipment and Leasehold Improvements, Net

6 Months Ended

Sep. 30, 2017

Property, Plant and Equipment Disclosure [Text Block]

3.	EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Equipment and leasehold improvements are stated at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives for equipment and furniture and fixtures, or the shorter of the land lease term or estimated useful lives for leasehold improvements as follows:

	Years
Equipment		3	to	10
Furniture and fixtures		3	to	7
Leasehold improvements		10	to	25

Equipment and leasehold improvements consist of the following:

	September 30, 201 7			March 31, 201 7
	(in thousands)
Equipment	$	17,623		$	17,492
Leasehold improvements		14,239			13,892
Furniture and fixtures		348			380
		32,210			31,764
Less accumulated depreciation and amortization		(16,631	)		(15,835	)
Construction-in-progress		444			783
Equipment and leasehold improvements, net	$	16,023		$	16,712

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of such assets

may

not

be recoverable. Recoverability of these assets is measured by a comparison of the carrying amount to forecasted undiscounted future cash flows expected to be generated by the asset. If the carrying amount exceeds its estimated future cash flows, then an impairment charge is recognized to the extent that the carrying amount exceeds the asset

’s fair value. Management has determined

asset impairment existed as of

September

30,

2017

and

2016,

respectively.