Condensed Financial Information of Deswell Industries, Inc. (Tables)

12 Months Ended

Mar. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Balance sheets

	March 31,
	2016		2017
Assets
Current assets:
Cash and cash equivalents	$	294	$	174
Prepaid expenses and other current assets		76		30
Amounts due from subsidiaries		33,462		29,621
Total current assets		33,832		29,825
Investments in subsidiaries		44,861		48,083
Property, plant and equipment-net		17		—
Total assets	$	78,710	$	77,908
Liabilities and shareholders’ equity
Current liabilities:
Accrued payroll and employee benefits	$	1,226	$	1,588
Other accrued liabilities		114		119
Dividend payable		562		—
Total current liabilities		1,902		1,707
Total shareholders’ equity		76,808		76,201
Total liabilities and shareholders’ equity	$	78,710	$	77,908

Condensed Income Statement

Statements of comprehensive income (loss)

	Year ended March 31,
	2015			2016			2017
Equity in (loss) earnings of subsidiaries	$	(1,120	)	$	(3,426	)	$	3,211
Operating expenses		1,688			1,508			1,835
(Loss) income before income taxes		(2,808	)		(4,934	)		1,376
Income taxes		—			—			—
Net (loss) income		(2,808	)		(4,934	)		1,376
Share of other comprehensive income (loss) of subsidiaries		33			(73	)		11
Total comprehensive (loss) income	$	(2,775	)	$	(5,007	)	$	1,387

Condensed Cash Flow Statement

Statements of cash flows

	Year ended March 31,
	2015			2016			2017
Cash flows from operating activities
Net (loss) income	$	(2,808	)	$	(4,934	)	$	1,376
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in loss (earnings) of subsidiaries		1,120			3,426			(3,211	)
Depreciation		87			39			17
Stock-based compensation expenses		199			—			—
Changes in operating assets and liabilities:
Prepaid expenses and other current assets		—			—			46
Amounts due from subsidiaries		3,956			2,171			3,841
Accrued payroll and employee benefits		—			(89	)		362
Other accrued liabilities		47			(2	)		5
Net cash provided by operating activities		2,601			611			2,436
Cash flows from financing activities
Dividends paid		(2,971	)		(1,686	)		(2,248	)
Repurchase of common stock		—			—			(308	)
Net cash used in financing activities		(2,971	)		(1,686	)		(2,556	)
Net decrease in cash and cash equivalents		(370	)		(1,075	)		(120	)
Cash and cash equivalents, beginning of year		1,739			1,369			294
Cash and cash equivalents, end of year	$	1,369		$	294		$	174