Discontinued Operations (Tables)

9 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Operating income of discontinued operations

As a result of the sale of its Christmas gift wrap business, the Company has reported these operations as discontinued operations, as shown in the following table (in thousands):



	Three Months Ended December 31,					Nine Months Ended December 31,
	2014		2013			2014		2013
Operating (loss) income	$	—	$	(35	)	$	—	$	83
Reversal of reserves	$	—	$	64		$	—	$	118
Discontinued operations, before income taxes	—		29			—		201
Income tax expense	—		10			—		70
Discontinued operations, net of tax	$	—	$	19		$	—	$	131

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details