Note 4 - Discontinued Operations

12 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

 Note 4 Discontinued Operations

On March 31, 2014, the Company announced that it has commenced the process of divesting its legacy Distribution business segment, which is engaged in the retail distribution of computer software and consumer electronics and accessories. The distribution business segment is reclassified as discontinued operations in the consolidated financial statements for all periods presented. The transaction is expected to close by the second quarter of fiscal year 2015. During fiscal 2014, the Company adjusted the estimated carrying value of the assets and liabilities of discontinued operations by $2.2 million to reflect fair value measurements. In addition, the assets and liabilities associated with the discontinued operations are classified as Assets of discontinued operations and Liabilities related to assets of discontinued operations, as appropriate, in the consolidated balance sheets.

The following table provides the components of Discontinued operations:

	Years ended March 31,
	2014			2013			2012
Net revenue	$	391,237		$	430,795		$	473,047
Cost of revenue		359,554			388,501			429,678
Total operating expenses		50,353			36,032			57,119
Pre-tax income (loss) from discontinued operations		(18,670	)		6,262			(13,750	)
Income tax benefit (expense)		(27	)		(137	)		552
Income (loss) from discontinued operations, net of tax	$	(18,697	)	$	6,125		$	(13,198	)

The following table provides the components of Assets of discontinued operations and Liabilities related to assets of discontinued operations:

	March 31, 2014		March 31, 2013
Accounts receivable, net	$	67,494	$	68,597
Inventories		33,386		34,197
Prepaid expenses		1,398		2,170
Property and equipment, net		3,181		5,460
Software development costs, net		574		-
Goodwill and Intangible assets		-		1,009
Non-current prepaid royalties		3,261		3,966
Other non-current assets		562		1,013
Assets of discontinued operations	$	109,856	$	116,412
Current liabilities	$	88,388	$	98,743
Other long-term liabilities		7		699
Liabilities related to assets of discontinued operations	$	88,395	$	99,442