Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Inventories

Inventories consisted of the following (in thousands):

	December 31, 2019		March 31, 2019		December 31, 2018
Raw material	$	12,868	$	14,246	$	14,837
Work-in-process	15,628		16,816		10,581
Finished goods	58,494		65,169		69,484
	$	86,990	$	96,231	$	94,902

Property, Plant and Equipment

Property, plant and equipment are stated at cost and include the following (in thousands):

	December 31, 2019		March 31, 2019		December 31, 2018
Land	$	5,738	$	5,738	$	5,888
Buildings, leasehold interests and improvements	40,214		40,893		42,854
Machinery, equipment and other	119,946		113,946		110,524
	165,898		160,577		159,266
Less - Accumulated depreciation and amortization	(117,127)		(109,657)		(109,859)
Net property, plant and equipment	$	48,771	$	50,920	$	49,407

Schedule of Segment Reporting

The following represents our net sales disaggregated by product category (in thousands):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2019		2018		2019		2018
Craft	$	38,692	$	39,764	109,352		117,524
Gift	25,170		29,543		68,629		84,197
Seasonal	49,070		63,924		88,462		108,538
Total	$	112,932	$	133,231	$	266,443	$	310,259

Schedule of Accumulated Other Comprehensive Income (Loss)

Components of Accumulated Other Comprehensive Income (Loss), Net

	Three Months Ended December 31,				Nine Months Ended December 31,
	2019		2018		2019		2018
Accumulated effect of currency translation adjustment:
Balance at beginning of period	$	(507)	$	22	$	12	$	988
Currency translation adjustment during period	449		(183)		(70)		(1,149)
Balance at end of period	$	(58)	$	(161)	$	(58)	$	(161)
Accumulated effect of pension and postretirement benefits:
Balance at beginning of period	$	453	$	259	$	453	$	259
Pension and postretirement benefits during period	28		—		28		—
Balance at end of period	$	481	$	259	$	481	$	259
Accumulated effect of interest rate swap agreement:
Balance at beginning of period	$	—	$	392	$	—	$	(84)
Fair value adjustment	—		(585)		—		(109)
Balance at end of period	$	—	$	(193)	$	—	$	(193)