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Commitments

12 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

The Company leases its facilities under long-term operating leases, which expire at various dates through the fiscal year ending March 31, 2017. The lease agreements frequently include renewal or other provisions, which require the Company to pay taxes, insurance, maintenance costs or defined rent increases. The Company also licenses certain engineering design software tools under non-cancelable operating leases.

The following table summarizes the Company’s contractual operating leases as of March 31, 2014 (in thousands):



	Payment Due by Period
Fiscal Years Ending March 31,
2015	$	1,901
2016	930
2017	504
2018	$	369
Total minimum payments	$	3,704

The Company did not have any off balance sheet arrangements at March 31, 2014.

Rent expense (including short-term leases and net of sublease income) for the fiscal years ended March 31, 2014, 2013, and 2012 was $1.8 million, $2.6 million, and $2.9 million, respectively.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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