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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Net sales:        
Unrelated customers, including licensing fees of $19 and $56 for the three and nine-months ended December 31, 2011 and 2010, respectively $ 18,754 $ 19,336 $ 61,134 $ 51,159
Related parties 13,207 11,864 39,763 41,508
Sales – expired license 0 197 0 1,423
Revenue, Net 31,961 31,397 100,897 94,090
Cost of goods sold:        
Unrelated customers 9,480 7,795 27,616 21,785
Related parties 6,255 5,171 19,290 19,495
Cost of sales – expired license 0 197 0 1,422
Cost of Goods Sold 15,735 13,163 46,906 42,702
Gross margin 16,226 18,234 53,991 51,388
Operating expenses:        
Advertising and promotional 11,993 10,642 31,213 24,419
Selling and distribution 3,122 2,816 9,473 9,125
Royalties 2,912 2,591 8,256 8,041
General and administrative, including share-based compensation expense of $155 and $346 for the three and nine-months ended December 31, 2011, respectively, and $119 and $284 for the three and nine-months ended December 31, 2010, respectively 3,028 1,906 7,630 5,992
Depreciation and amortization 401 524 1,536 1,706
Total operating expenses 21,456 18,479 58,108 49,283
Operating (loss) income (5,230) (245) (4,117) 2,105
Other income (expense):        
Interest income 20 4 41 13
Interest expense and bank charges (204) (201) (616) (413)
Foreign exchange (loss) gain (4) 1 (3) 1
(Loss) income before income taxes (5,418) (441) (4,695) 1,706
Income tax (benefit) provision (2,059) (168) (1,784) 648
Net (loss) income $ (3,359) $ (273) $ (2,911) $ 1,058
(Loss) income per common share:        
Basic $ (0.16) $ (0.01) $ (0.14) $ 0.05
Diluted $ (0.16) $ (0.01) $ (0.14) $ 0.05
Weighted average number of shares outstanding:        
Basic 20,769,362 20,496,334 20,761,811 20,487,316
Diluted 20,769,362 20,496,334 20,761,811 20,574,513