Discontinued Operations (Tables)

12 Months Ended

Mar. 31, 2015

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, including the operating income of the business and all exit activities, as discontinued operations, as shown in the following table (in thousands):

	Years Ended March 31,
	2015		2014			2013
Operating loss	$	—	$	(11	)	$	(6	)
Exit costs	—		128			95
Income from discontinued operations, before income taxes	—		117			89
Income tax (benefit) expense (A)	—		(88		)	450
Income (loss) from discontinued operations, net of tax	$	—	$	205		$	(361	)

(A) Fiscal 2014 includes a $356,000 current income tax benefit offset by a $268,000 deferred income tax provision. Fiscal 2013 includes a $1,496,000 current income tax provision offset by a $1,046,000 deferred income tax benefit.

Carrying values of the major accounts of discontinued operations

The following table presents the carrying values of the major accounts of discontinued operations that are included in the March 31, 2015 and 2014 consolidated balance sheet (in thousands):

	March 31,
	2015		2014
Accounts receivable, net	$	—	$	1
Total assets attributable to discontinued operations	$	—	$	1
Other current liabilities	$	—	$	233
Total liabilities associated with discontinued operations	$	—	$	233