XML 33 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS (Tables)
 12 Months Ended
Mar. 31, 2014
Balance Sheet Related Disclosures [Abstract]  
Accounts receivable, net
Accounts receivable, net:

 
 
March 31,
(in thousands)
 
2014
 
2013
Accounts receivable
 
$
159,592

 
$
151,250

Provisions for returns
 
(6,201
)
 
(8,957
)
Provisions for promotions and rebates
 
(14,803
)
 
(13,675
)
Provisions for doubtful accounts and sales allowances
 
(287
)
 
(409
)
Accounts receivable, net
 
$
138,301

 
$
128,209
Inventory, net
Inventory, net:

 
 
March 31,
(in thousands)
 
2014
 
2013
Raw materials
 
$
28,071

 
$
28,743

Work in process
 
985

 
82

Finished goods
 
28,076

 
38,610

Inventory, net
 
$
57,132

 
$
67,435
Property, Plant and Equipment
Property, plant, and equipment, net:

 
 
March 31,
(in thousands)
 
2014
 
2013
Land
 
$
14,170

 
$
13,961

Buildings and improvements (useful life: 7-30 years)
 
94,299

 
72,263

Machinery and equipment (useful life: 2-10 years)
 
97,520

 
88,538

Software (useful life: 5-6 years)
 
30,368

 
30,538

Construction in progress
 
24,927

 
16,101

 
 
261,284

 
221,401

Accumulated depreciation and amortization
 
(126,882
)
 
(122,290
)
Property, plant, and equipment, net
 
$
134,402

 
$
99,111
Accrued Liabilities
Accrued liabilities:

 
 
March 31,
(in thousands)
 
2014
 
2013
Employee compensation and benefits
 
$
32,280

 
$
29,796

Warranty obligation
 
7,965

 
13,410

Income taxes payable
 
3,092

 
3,376

Accrued other
 
23,514

 
19,837

Accrued liabilities
 
$
66,851

 
$
66,419
Changes in the warranty obligation accrual
Changes in the warranty obligation, which are included as a component of accrued liabilities in the consolidated balance sheets, are as follows:
 
 
Year ended March 31,
(in thousands)
 
2014
 
2013
Warranty obligation at beginning of year
 
$
13,410

 
$
13,346

Correction of immaterial prior period error (1)
 
(5,042
)
 
—

Warranty provision relating to products shipped during the year
 
5,158

 
16,287

Deductions for warranty claims processed
 
(5,561
)
 
(16,223
)
Warranty obligation at end of year
 
$
7,965


$
13,410

(1) During the third quarter of fiscal year 2014, the Company identified immaterial out of period errors related to its estimated warranty obligation and return material authorization ("RMA") reserves, the correction of which decreased its cost of revenues by approximately $2.4 million and increased net income by approximately $2.1 million. The Company recorded these corrections in the quarter ended December 31, 2013 because the errors were not material, either individually or in the aggregate, to any of the prior reporting periods. In addition, these adjustments are not material for the fiscal year ending March 31, 2014, either individually or in the aggregate.