Subsequent Event

9 Months Ended

Dec. 31, 2013

Subsequent Event [Abstract]

Subsequent Event

Note 12 – Subsequent Event

On January 7, 2014, the Company entered into an Asset Purchase Agreement with MEP PX Acquisition LLC ("MEP"), a Delaware limited liability company controlled by Marlin Equity Partners ("Marlin") to acquire all of the assets  primarily related to the Company's Changepoint, Professional Services and Uniface business units,  and certain liabilities of the acquired business units.  Subsequently, MEP assigned its right to purchase to M4 Global Solutions Holding B.V., an affiliate of Marlin incorporated in the Netherlands.  The purchase agreement was then amended on January 31, 2014 to provide for, among other things, multiple subsequent foreign country closings.  The subsequent closings would occur in each jurisdiction as promptly as practicable thereafter.  Notwithstanding the subsequent closings with respect to the assets and liabilities located in certain foreign countries, the parties have agreed that for all economic purposes, all benefits and burdens of ownership of the full amount of the purchased assets and all profit and loss from operations after January 31, 2014 belong to the buyer. The buyer paid a purchase price of $160 million, less a $23 million allowance for certain liabilities assumed.  The full purchase price was paid at the initial closing on January 31, 2014 by the remittance of $112 million in cash and by allowing the Company to retain up to $25 million in billed accounts receivable, and purchased assets and liabilities located in the United States, Canada and the Netherlands were transferred to the buyer.  The net purchase price remains subject to certain post-closing adjustments. The Company committed to this action during January 2014 and therefore the transaction did not qualify as discontinued operations as of December 31, 2013.