10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

(Amendment No. 1)

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2014

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________.

Commission file number 0-5734

AGILYSYS, INC.

(Exact name of registrant as specified in its charter)

Ohio	34-0907152
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
425 Walnut Street, Suite 1800, Cincinnati, Ohio	45202
(Address of principal executive offices)	(ZIP Code)
(770) 810-7800
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨		Accelerated filer	x
Non-accelerated filer	¨	(Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

The number of Common Shares of the registrant outstanding as of January 31, 2015 was 22,822,554.

EXPLANATORY NOTE

Agilysys, Inc. (the "Company") is filing this Amendment No. 1 (this "Form 10-Q/A") solely to furnish corrected XBRL (Extensible Business Reporting Language) information in Exhibit 101. This Form 10-Q/A does not otherwise update or amend any financial information or any other exhibits as originally filed. Accordingly, this Form 10-Q/A should be read in conjunction with the original filing of our Quarterly Report for the period ended December 31, 2014, which was filed on February 5, 2015.

Exhibit 101 to this form 10-Q/A furnishes the following materials from our Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2014, formatted in XBRL; i) Condensed Consolidated Balance Sheets at December 31, 2014 and March 31, 2014, (ii) Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2014 and 2013, (iii) Condensed Consolidated Statements of Comprehensive (Loss) Income for the three and nine months ended December 31, 2014 and 2013, (iv) Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2014 and 2013, and (v) Notes to Condensed Consolidated Financial Statements for the three and nine months ended December 31, 2014.

Item 6.    Exhibits

31.1* Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.

31.2* Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.

32.1* Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley Act of 2002.

32.2* Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley Act of 2002.

101** The following materials from our quarterly report on Form 10-Q for the quarter ended December 31, 2014, formatted in XBRL (Extensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets at December 31, 2014 and March 31, 2014, (ii) Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2014 and 2013, (iii) Condensed Consolidated Statements of Comprehensive (Loss) Income for the three and nine months ended December 31, 2014 and 2013, (iv) Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2014 and 2013, and (v) Notes to Condensed Consolidated Financial Statements for the three and nine months ended December 31, 2014.

__________________________

* Previously filed

** Pursuant to Rule 406T of Regulation S­T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Quarterly Report to be signed on its behalf by the undersigned thereunto duly authorized.

AGILYSYS, INC.

Date:	February 12, 2015	/s/ Janine K. Seebeck
		Janine K. Seebeck
		Senior Vice President, Chief Financial Officer and Treasurer
		(Principal Accounting Officer and Duly Authorized Officer)

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Additional Balance Sheet Information Accounts receivable, net (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2014
Additional Balance Sheet Information [Abstract]
Accounts Receivable, Net, Current	$ 21,248	$ 23,615
Allowance for Doubtful Accounts Receivable	$ 726	$ 1,101

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Share-based Compensation (Details Textual) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
Stock Based Compensation (Textual) [Abstract]
Maximum number of shares subject to stock options and restricted shares	1,000,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Treasury Stock Reissued	8,065
Shares Paid for Option Price for Share Based Compensation	6,935
Stock Based Compensation (Textual) [Abstract]
Stock option granted		0
Restricted Stock [Member]
Stock Based Compensation (Textual) [Abstract]
Unrecognized stock based compensation expense related to non-vested restricted stock	4.3	4.3
Weighted-average vesting period	2 years 2 months 16 days
Stock Settled Stock Appreciation Rights (SSARS) [Member]
Stock Based Compensation (Textual) [Abstract]
Shares withheld to cover the employee's minimum applicable income taxes	1,446
Unrecognized stock based compensation expense related to non-vested SSARs	0.9	0.9
Weighted-average vesting period	1 year 8 months 27 days
Total treasury shares to settle SSARs	5,463
Performance Shares [Member]
Stock Based Compensation (Textual) [Abstract]
Unrecognized stock based compensation expense related to non-vested restricted stock	0.1	0.1
Weighted-average vesting period	3 months
2011 Stock Incentive Plan [Member]
Stock Based Compensation (Textual) [Abstract]
Shares authorized under 2011 Stock incentive plan	3,000,000	3,000,000
2011 Stock Incentive Plan [Member] | Stock Options [Member]
Stock Based Compensation (Textual) [Abstract]
Maximum number of shares subject to stock options and restricted shares	800,000
2011 Stock Incentive Plan [Member] | Restricted Shares and Restricted Share Units [Member]
Stock Based Compensation (Textual) [Abstract]
Maximum number of shares subject to stock options and restricted shares	400,000

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Share-based Compensation (Details 3) (Restricted Stock [Member], USD $)	9 Months Ended
	Dec. 31, 2014
Restricted Stock [Member]
Activity Related to Restricted Shares Awarded by the Company
Number of shares Outstanding at Beginning of Period	139,501
Weighted Average Grant-Date Fair Value Outstanding at Beginning of Period	$ 10.72
Granted, Number of Shares	357,773
Granted, Weighted Average Grant Date Fair value	$ 13.82
Vested, Number of shares	(16,840)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 8.64
Forfeited, Number of Shares	(18,894)
Forfeited, Weighted Average Grant Date Fair Value	$ 13.25
Number of shares Outstanding at End of Period	461,540
Weighted Average Grant-Date Fair Value Outstanding at End of Period	$ 13.08

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Restructuring and Related Charges (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2014
Restructuring Reserve [Roll Forward]
Balance at March 31, 2014	$ 534
Provision	548
Payments for restructuring, severance and other charges	(962)
Balance at December 31, 2014	120
Severance and employment costs [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2014	100
Severance and employment costs [Member] | Restructuring Plan Fiscal Two Zero One Five [Member]
Restructuring Reserve [Roll Forward]
Balance at March 31, 2014	0
Provision	178
Payments for restructuring, severance and other charges	(78)
Balance at December 31, 2014	100
Severance and employment costs [Member] | Restructuring Plan Fiscal Two Zero One Four [Member]
Restructuring Reserve [Roll Forward]
Balance at March 31, 2014	534
Provision	370
Payments for restructuring, severance and other charges	(884)
Balance at December 31, 2014	$ 20

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Income Taxes (Tables)

9 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Effective tax rates from continuing operations

The following table compares our income tax benefit and effective tax rates for the three and nine months endedDecember 31, 2014 and 2013:

	Three months ended						Nine months ended
	December 31,						December 31,
(Dollars in thousands)	2014			2013			2014			2013
Income tax benefit	$	(62	)	$	(1,054	)	$	(777	)	$	(1,284	)
Effective tax rate	2.3		%	38.1		%	11.4		%	36.5		%

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Fair Value Measurements (Details 1) (Cash Surrender Value [Member], USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash Surrender Value [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 4,360	$ 3,673
Unrealized (loss) gain relating to instruments held at reporting date	25	(6)
Purchases, sales, issuances and settlements, net	45	87
Proceeds from Corporate-Owned Life Insurance Policies	(1,989)	0
Balance at end of period	$ 2,441	$ 3,754

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(Loss) Earnings per Share (Details Textual)	3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Incremental Common Shares Attributable to Restricted Shares	479,268	270,333

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Intangible Assets (Details Textual) (USD $)	3 Months Ended	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Software development costs, net	$ 28,511,000	$ 28,511,000		$ 17,221,000
Capitalized Software Development Costs	4,300,000	12,100,000	10,000,000
Amortization of intangible assets, excluding amortization of internal use software	300,000	900,000
Finite-lived intangible assets, net	499,000	499,000		1,426,000
Developed Technology Internal [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of software development	$ 300,000	$ 900,000	$ 100,000

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Share-based Compensation (Details 4) (Performance Shares [Member], USD $)	9 Months Ended
	Dec. 31, 2014
Performance Shares [Member]
Performance shares awarded by the Company
Number of shares Outstanding at Beginning of Period	17,728
Weighted Average Grant-Date Fair Value Outstanding at Beginning of Period	$ 8.64
Granted, Number of Shares	0
Granted, Weighted Average Grant Date Fair value	$ 0.00
Number of shares Outstanding at End of Period	17,728
Weighted Average Grant-Date Fair Value Outstanding at End of Period	$ 8.64

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Acquisitions

9 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Acquisitions

3. Acquisitions

Purchase of assets from Dining Ventures - Fiscal 2015

On July 3, 2014 Agilysys purchased certain assets from Dining Ventures, Inc. The acquired assets are the base for our rGuest Seat product, a dining reservations and table management application. The purchase consideration consisted of approximately $3.8 million and was funded with cash on hand. Management concluded that this acquisition was not a material acquisition under the provisions of ASC 805, Business Combinations (ASC 805). The results derived from this purchased asset have been included in our Condensed Consolidated Financial Statements from the date of acquisition and did not have a material impact on our condensed consolidated financial statements or related disclosures. 

The following is a summary of the fair values of the assets acquired in the acquisition:

(In thousands)
Goodwill	$	2,464
Developed technology	1,286
Total assets acquired	$	3,750

The goodwill of approximately $2.5 million arising from the acquisition consists largely of synergies expected from combining the developed technology of Dining Ventures with Agilysys' operations. The goodwill from this acquisition is deductible for tax purposes over a period of 15 years.

The following is a summary of the intangible asset acquired and the weighted-average useful life over which it will be amortized.

			Weighted-average
	Purchased assets		useful life
Developed technology	$	1,286	5 years

The developed technology acquired from Dining Ventures was determined to be an internal use asset and is therefore carried in fixed assets on the balance sheet and amortized in operating expenses.

Purchase of TimeManagement Corporation - Fiscal 2014

On June 10, 2013, Agilysys purchased certain assets and assumed certain liabilities of TimeManagement Corporation (TMC), a privately-owned Minneapolis-based technology provider with solutions that streamline workforce management environments for hospitality operators. This technology based acquisition is consistent with the core value we provide to the industry and integrates with our point-of-sale, inventory and procurement systems, including InfoGenesis™ point of sale system and Eatec® inventory and procurement solution. The purchase consideration consisted of $1.8 million in cash paid and $1.8 million of contingent consideration. The fair value of the contingent consideration was estimated to be $1.8 million at the date of acquisition and is expected to be paid out over the next 5 years and payments could vary based on actual revenue during that time. The fair value of the contingent consideration was determined by calculating the probability-weighted earn-out payments based on the assessment of the likelihood that certain milestones would be achieved. The acquisition was funded with cash on hand. Management concluded that this acquisition was not a material acquisition under the provisions of ASC 805, Business Combinations. The operations of the purchased business have been included in our Condensed Consolidated Financial Statements from the date of acquisition and did not have a material impact on our condensed consolidated financial statements or related disclosures.

The following is a summary of the fair values of the assets acquired and liabilities assumed from the acquisition:

(In thousands)
Current assets	$	327
Property and equipment	88
Goodwill	3,444
Developed technology	605
Total assets acquired	4,464
Total liabilities assumed (all current)	914
Net assets acquired	$	3,550

The goodwill of approximately $3.4 million arising from the acquisition consists largely of synergies and economies of scale expected from combining the operations of Agilysys and TMC. The goodwill from this acquisition is deductible for tax purposes over a period of 15 years.

The following is a summary of the intangible asset acquired and the weighted-average useful life over which it will be amortized.

			Weighted-average
	Purchased assets		useful life
Developed technology	$	605	5 years

The developed technology acquired from TMC was determined to be an asset to be sold, leased, or otherwise marketed, and is therefore carried in intangible assets on the balance sheet and amortized in cost of goods sold.

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Share-based Compensation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation	$ 761	$ 643	$ 1,828	$ 1,524
Product development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Summary of share-based compensation expense for options	259	194	669	550
Selling and marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Summary of share-based compensation expense for options	42	38	74	88
General and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Summary of share-based compensation expense for options	$ 460	$ 411	$ 1,085	$ 886

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Acquisitions (Details) (USD $) In Thousands, unless otherwise specified	0 Months Ended
	Jul. 03, 2014	Jun. 10, 2014	Dec. 31, 2014	Mar. 31, 2014	Jun. 10, 2013
Business Acquisition [Line Items]
Goodwill			$ 19,622	$ 17,158
Dining Ventures, Inc. [Member]
Business Acquisition [Line Items]
Goodwill	2,464
Developed technology	1,286
Total assets acquired	3,750
Acquired finite-lived intangible assets, weighted average useful life	5 years
TimeManagement Corporation [Member]
Business Acquisition [Line Items]
Current assets					327
Property and equipment					88
Goodwill					3,444
Developed technology					605
Total assets acquired					4,464
Total liabilities assumed (all current)					914
Net assets acquired					$ 3,550
Acquired finite-lived intangible assets, weighted average useful life		5 years

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Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Cash, cash equivalents and marketable securities

The following data summarizes our cash equivalents and marketable securities:

	December 31, 2014
	Amortized		Unrealized		Unrealized		Fair		Cash		Marketable
(In thousands)	cost basis		Gains		Losses		Value		equivalents		securities
Level 2:
Commercial paper	$	2,998	$	—	$	—	$	2,998	$	2,998	$	—
Corporate bonds	5,015		—		—		5,015		—		5,015
Total	$	8,013	$	—	$	—	$	8,013	$	2,998	$	5,015

	March 31, 2014
	Amortized		Unrealized		Unrealized		Fair		Cash		Marketable
(In thousands)	cost basis		Gains		Losses		Value		equivalents		securities
Level 2:
Commercial paper	$	19,993	$	—	$	—	$	19,993	$	19,993	$	—
Certificates of deposit	9,006		—		—		9,006		9,006		—
Total	$	28,999	$	—	$	—	$	28,999	$	28,999	$	—

Assets and liabilities measured at fair value on a recurring basis

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:

	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities	Quoted prices in similar instruments and observable inputs	Active markets for unobservable inputs
(In thousands)	December 31, 2014		(Level 1)	(Level 2)	(Level 3)
Assets:
Corporate-owned life insurance — non-current	$	2,441			$	2,441
Liabilities:
Contingent consideration — current	$	180			$	180
Contingent consideration — non-current	1,553				1,553

	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	March 31, 2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Corporate-owned life insurance — current	$	1,989	$	—	$	—	$	1,989
Corporate-owned life insurance — non-current	2,371		—		—		2,371
Liabilities:
Contingent consideration — current	$	127	$	—	$	—	$	127
Contingent consideration — non-current	1,612		—		—		1,612

Summary of changes in the fair value of the Level 3 assets and liabilities Corporate-owned life insurance

The following table presents a summary of changes in the fair value of the Level 3 assets:

	Nine months ended
	December 31,
(In thousands)	2014			2013
Corporate-owned life insurance:
Balance on April 1	$	4,360		$	3,673
Unrealized (loss) gain relating to instruments held at reporting date	25			(6		)
Purchases, sales, issuances and settlements, net	45			87
Proceeds from corporate-owned life insurance policy	(1,989		)	—
Balance on December 31	$	2,441		$	3,754

Fair Value, Liabilities Measured on Recurring Basis Contingent Consideration

The following tables present a summary of changes in the fair value of the Level 3 liabilities:

	Nine months ended
	December 31,
(In thousands)	2014			2013
Contingent consideration
Balance on April 1	$	1,739		$	—
Activity, payments and other charges (net)	(6		)	1,800
Balance on December 31	$	1,733		$	1,800

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Share-based Compensation (Details 1) (Stock Options [Member], USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at Beginning of Period, Number of Options		627,500
Outstanding at Beginning of Period, Weighted Average Exercise Price		$ 15.26
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted		0
Share-based Compensation Arrangements by Share Based Payment Award Non Option Equity Instruments Grants in Period Weighted Average Exercise Price		$ 0.00
Exercised, Number of Options		(15,000)
Exercised, Weighted-Average Exercise Price		$ 13.76
Cancelled/expired, Number of options		(30,000)
Cancelled/Expired, Weighted-Average Exercise Price		$ 13.11
Outstanding and exercisable at End of Period, Number of Options	582,500	582,500
Outstanding and exercisable at End of Period, Weighted Average Exercise Price	$ 15.41	$ 15.41
Remaining Contractual Term, Outstanding and exercisable at End of Period	1 year 4 months 24 days
Aggregate Intrinsic Value, Outstanding and exercisable at End of Period	$ 0	$ 0

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Acquisitions (Details Textual) (USD $)	9 Months Ended		0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jul. 03, 2014	Jun. 10, 2014	Mar. 31, 2014	Jun. 10, 2013
Business Acquisition [Line Items]
Cash paid for acquisition, net	$ (3,750,000)	$ (1,801,000)
Goodwill	19,622,000				17,158,000
Dining Ventures, Inc. [Member]
Business Acquisition [Line Items]
Cash paid for acquisition, net			3,800,000
Goodwill			2,464,000
Business acquisition, goodwill, expected tax deductible period			15 years
TimeManagement Corporation [Member]
Business Acquisition [Line Items]
Cash paid for acquisition, net				1,800,000
Business acquisition, contingent consideration, potential cash payment						1,800,000
Business combination, contingent consideration arrangements, period				5 years
Goodwill						$ 3,444,000
Business acquisition, goodwill, expected tax deductible period				15 years

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Discontinued Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income from discontinued operations
Net revenue		$ 1,042		$ 27,890
(Loss) income from operations		(245)		537
Other expense, net		(223)		(232)
Gain on sale		0		23,135
(Loss) income before tax from discontinued operations		(468)		23,440
Income tax expense		484		2,102
(Loss) income from discontinued operations	$ 0	$ (952)	$ 0	$ 21,338

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Summary of Significant Accounting Policies

9 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

A detailed description of our significant accounting policies can be found in the audited financial statements for the fiscal year ended March 31, 2014, included in our Annual Report on Form 10-K. Except as described below, there have been no material changes to our significant accounting policies and estimates from those disclosed therein.

Marketable Securities

Marketable securities can consist of certificates of deposits, commercial paper, corporate bonds and other investments with established commercial banking institutions with readily determinable fair values and stated maturities of greater than three months.  We determine the appropriate classification of our investments in marketable securities at the time of purchase and reevaluate such designation at each balance sheet date.  Our marketable securities are classified as available for sale and have original maturity dates from date of acquisition from 90 to 365 days.

Asset Impairments

During the third quarter of fiscal 2014, in connection with the ERP system replacement project, we determined that certain internal use developed software would not be continued. As a result, we impaired the entire asset and $0.3 million was recorded as an impairment charge.

Adopted and Recently Issued Accounting Pronouncements

In August 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-15, Presentation of Financial Statements - Going Concern, which provides guidance on disclosure of uncertainties about an entity’s ability to continue as a going concern. This is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements or related disclosures.

In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which provides guidance requiring that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. This is effective for the fiscal years and interim reporting periods beginning after December 15, 2015. We are currently evaluating the impact that the adoption of ASU 2014-12 will have on our consolidated financial statements or related disclosures.

In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which converges the FASB and the International Accounting Standards Board standard on revenue recognition. Areas of revenue recognition that will be affected include, but are not limited to, transfer of control, variable consideration, allocation of transaction price, licenses, time value of money, contract costs and disclosures. This is effective for the fiscal years and interim reporting periods beginning after December 15, 2016. We are currently evaluating the impact that the adoption of ASU 2014-09 will have on our consolidated financial statements or related disclosures.

In April 2014, FASB issued ASU No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which requires only disposals representing a strategic shift in operations that have a major effect on operations and financial results to be presented as discontinued operations. The guidance also requires expanded financial disclosures about discontinued operations and significant disposals that do not qualify as discontinued operations. This is effective for the fiscal years and interim reporting periods beginning after December 15, 2014. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements or related disclosures.

In July 2013, FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This new guidance is effective on a prospective basis for fiscal years and interim reporting periods within those years, beginning after December 15, 2013. We adopted the provisions of ASU 2013-11 beginning April 1, 2014. The adoption of the ASU did not have any impact on our financial statements.

Management continually evaluates the potential impact, if any, of all recent accounting pronouncements on our consolidated financial statements or related disclosures and, if significant, makes the appropriate disclosures required by such new accounting pronouncements.

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Discontinued Operations (Details Textual) (USD $)	9 Months Ended		0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Jul. 02, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business units	$ 809,000	$ 36,024,000
UK Entity [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate Purchase Price			700,000
Discontinued Operations and Disposal Group, Note Due From			800,000
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents			900,000
Proceeds from sale of business units			600,000
RSG Entity [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate Purchase Price				37,600,000
Transaction fees				1,600,000
Proceeds from sale of business units				$ 36,000,000

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Income Taxes (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Effective tax rates from continuing operations
Income tax benefit	$ (62)	$ (1,054)	$ (777)	$ (1,284)
Effective tax rate	2.30%	38.10%	11.40%	36.50%

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2014
Current assets:
Cash and cash equivalents	$ 69,109	$ 99,566
Marketable securities	5,015	0
Accounts receivable, net of allowance for doubtful accounts of $726 and $1,101, respectively	21,248	23,615
Inventories	643	481
Prepaid expenses	2,969	3,300
Other current assets	102	2,892
Total current assets	99,086	129,854
Property and equipment, net	13,743	12,251
Goodwill	19,622	17,158
Intangible assets, net	9,699	10,626
Software development costs, net	28,511	17,221
Other non-current assets	3,956	3,785
Total assets	174,617	190,895
Current liabilities:
Accounts payable	10,333	11,073
Deferred revenue	18,226	22,795
Accrued liabilities	8,689	14,232
Capital lease obligations, current	141	43
Total current liabilities	37,389	48,143
Deferred income taxes, non-current	3,306	3,422
Capital lease obligations, non-current	161	292
Other non-current liabilities	5,052	6,165
Commitments and contingencies (see Note 9)
Shareholders' equity:
Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 31,606,831 shares issued; and 22,822,554 and 22,467,970 shares outstanding at December 31, 2014 and March 31, 2014, respectively	9,482	9,482
Treasury shares, 8,784,277 and 9,138,861 at December 31, 2014 and March 31, 2014, respectively	(2,636)	(2,741)
Capital in excess of stated value	(11,590)	(13,409)
Retained earnings	133,603	139,675
Accumulated other comprehensive loss	(150)	(134)
Total shareholders' equity	128,709	132,873
Total liabilities and shareholders' equity	$ 174,617	$ 190,895

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Share-based Compensation (Details 2) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Dec. 31, 2014	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations In Period Weighted Average Exercise Price	$ 7.46
Stock Settled Stock Appreciation Rights (SSARS) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Rights Outstanding at Beginning of Period		320,236
Weighted Average Exercise Price Outstanding at Beginning of Period		$ 9.05
Number of Rights Granted,	115,020
Weighted Average Exercise Price Granted,	$ 14.41
Number of Rights Exercised	(16,078)
Weighted Average Exercise Price Exercised	$ 7.75
Number of Rights, Forfeited	(11,835)
Weighted Average Exercise Price, Forfeited	$ 7.46
Number of Rights Outstanding at End of Period	394,010	320,236
Weighted Average Exercise Price Outstanding at End of Period	$ 10.76	$ 9.05
Remaining Contractual Term Outstanding at End of Period	5 years 2 months 12 days
Aggregate Intrinsic Value Outstanding at End of Period	$ 929
Number of Rights Exercisable at End of Period	165,745
Weighted Average Exercise Price Exercisable at End of Period	$ 8,630,000
Remaining Contractual Term Exercisable at End of Period	4 years 6 months
Aggregate Intrinsic Value Exercisable at End of Period	$ 657
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	(13,333)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating activities
Net (loss) income	$ (6,071)	$ 19,106
Less: Income from discontinued operations	0	(21,338)
Loss from continuing operations	(6,071)	(2,232)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities
Restructuring, severance and other charges	913	823
Payments for restructuring, severance and other charges	(1,189)	(1,530)
Legal settlements	203	0
Payments for legal settlements	(1,714)	(87)
Asset impairments and related charges	0	327
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	1	50
Depreciation	1,702	1,571
Amortization	3,939	4,053
Share-based compensation	1,828	1,524
Increase (Decrease) in Deferred Income Taxes	(86)	2
Life Insurance, Corporate or Bank Owned, Change in Value	(25)	6
Excess Tax Benefit from Share-based Compensation, Operating Activities	(14)	(209)
Changes in operating assets and liabilities:
Accounts receivable	2,342	(5,956)
Inventories	(170)	(221)
Prepaid expense	325	(574)
Accounts payable	(55)	585
Deferred revenue	(4,535)	(2,075)
Accrued liabilities	(3,841)	(1,493)
Income taxes payable	(817)	(1,641)
Other changes, net	(205)	37
Net cash used in operating activities from continuing operations	(7,469)	(7,114)
Net cash used in operating activities from discontinued operations	0	(1,407)
Net cash used in operating activities	(7,469)	(8,521)
Investing activities
Proceeds from sale of business units	809	36,024
Cash paid for acquisition, net	(3,750)	(1,801)
Investment in marketable securities	(10,240)	0
Proceeds from sale and maturity of marketable securities	5,107	0
Capital expenditures	(3,856)	(3,208)
Capitalized software development costs	(12,540)	(8,233)
Additional (investment in) proceeds from corporate-owned life insurance policies	1,925	(87)
Net cash (used in) provided by investing activities from continuing operations	(22,545)	22,695
Net cash (used in) provided by investing activities from discontinued operations	0	(158)
Net cash (used in) provided by in investing activities	(22,545)	22,537
Financing activities
Repurchase of common shares to satisfy employee tax withholding	(373)	(729)
Proceeds from Stock Options Exercised	102	64
Excess Tax Benefit from Share-based Compensation, Financing Activities	14	209
Principal payments under long-term obligations	(32)	(53)
Net cash used in financing activities from continuing operations	(289)	(509)
Net cash used in financing activities from discontinued operations		(80)
Net cash used in financing activities	(289)	(589)
Effect of exchange rate on cash and cash equivalents	(154)	(1)
Cash flows (used in) provided by continuing operations	(30,457)	15,071
Cash flows used in discontinued operations	0	(1,645)
Net (decrease) increase in cash and cash equivalents	(30,457)	13,426
Cash and cash equivalents at beginning of period	99,566	82,931
Cash and cash equivalents at end of period	$ 69,109	$ 96,357

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Intangible Assets - Schedule of Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2014
Amortized intangible assets:
Gross carrying amount	$ 24,215	$ 24,215
Accumulated amortization	(23,716)	(22,789)
Net carrying amount	499	1,426
Unamortized intangible assets:
Accumulated impairment	(900)	(900)
Carrying amount	9,200	9,200
Finite Lived Software Development Costs [Abstract]
Finite Lived Software Development Costs Accumulated Impairment	(9,493)	(9,493)
Finite Lived Software Development Costs Gross	29,635	17,491
Finite Lived Software Development Costs Accumulated Amortization	(1,124)	(270)
Finite Lived Software Development Costs Net	28,511	17,221
Total intangible assets, gross carrying amount	33,415	33,415
Intangible Assets, Net (Excluding Goodwill)	9,699	10,626
Trade names [Member]
Unamortized intangible assets:
Carrying amount, excluding accumulated impairment	10,100	10,100
Customer relationships [Member]
Amortized intangible assets:
Gross carrying amount, excluding accumulated impairment	10,775	10,775
Accumulated amortization, excluding accumulated impairment	(10,721)	(10,080)
Net carrying amount, excluding accumulated impairment	54	695
Non-competition agreements [Member]
Amortized intangible assets:
Gross carrying amount, excluding accumulated impairment	2,700	2,700
Accumulated amortization, excluding accumulated impairment	(2,669)	(2,473)
Net carrying amount, excluding accumulated impairment	31	227
Developed technology [Member]
Amortized intangible assets:
Gross carrying amount, excluding accumulated impairment	10,660	10,660
Accumulated amortization, excluding accumulated impairment	(10,246)	(10,156)
Net carrying amount, excluding accumulated impairment	414	504
Patented Technology [Member]
Amortized intangible assets:
Gross carrying amount, excluding accumulated impairment	80	80
Accumulated amortization, excluding accumulated impairment	(80)	(80)
Net carrying amount, excluding accumulated impairment	0	0
Software Development Costs [Member]
Finite Lived Software Development Costs [Abstract]
Finite Lived Software Development Costs Gross Excluding Accumulated Impairment	15,561	14,587
Finite Lived Software Development Costs Accumulated Amortization Excluding Accumulated Impairment	(1,124)	(270)
Finite Lived Software Development Costs, Net Excluding, Accumulated Impairment	14,437	14,317
Project Expenditures Not Yet In Use [Member]
Finite Lived Software Development Costs [Abstract]
Finite Lived Software Development Costs Gross Excluding Accumulated Impairment	23,567	12,397
Finite Lived Software Development Costs Accumulated Amortization Excluding Accumulated Impairment		0
Finite Lived Software Development Costs, Net Excluding, Accumulated Impairment	$ 23,567	$ 12,397

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Restructuring and Related Charges (Tables)

9 Months Ended

Dec. 31, 2014

Restructuring Charges [Abstract]

Reconciliation of the beginning and ending balances of the company's restructuring liabilities

Following is a reconciliation of the beginning and ending balances of the restructuring liability:

	Balance at							Balance at
	March 31,							December 31,
(In thousands)	2014		Provision		Payments			2014
Fiscal 2015 Restructuring Plan:
Severance and other employment costs	$	—	$	178	$	(78	)	$	100
Fiscal 2014 Restructuring Plan:
Severance and other employment costs	$	534	$	370	$	(884	)	$	20
Total restructuring costs	$	534	$	548	$	(962	)	$	120

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Intangible Assets - Schedule of Future Amortization Expense (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of fiscal 2015	$ 414
2016	1,335
2017	1,335
2018	1,335
2019	959
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	64
Net carrying amount	$ 5,442

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Additional Balance Sheet Information (Tables)

9 Months Ended

Dec. 31, 2014

Balance Sheet Related Disclosures [Abstract]

Additional information related to the Company's Condensed Consolidated Balance Sheets

Additional information related to the Condensed Consolidated Balance Sheets is as follows:

(In thousands)	December 31, 2014		March 31, 2014
Accrued liabilities:
Salaries, wages, and related benefits	$	5,169	$	8,308
Other taxes payable	1,295		1,122
Accrued legal settlements	—		1,630
Restructuring and severance liabilities	259		534
Professional fees	503		674
Software license fees	—		500
Deferred rent	364		477
Contingent consideration	180		127
Other	919		860
Total	$	8,689	$	14,232
Other non-current liabilities:
Uncertain tax positions	$	1,490	$	2,440
Deferred rent	1,651		1,755
Contingent consideration	1,553		1,612
Other	358		358
Total	$	5,052	$	6,165

Accounts Receivable, net

Accounts receivable, net of allowance for doubtful accounts was $21.2 million and $23.6 million as of December 31, 2014 and March 31, 2014, respectively. The related allowance for doubtful accounts was $0.7 million and $1.1 million as of December 31, 2014 and March 31, 2014, respectively. On January 12, 2015, an involuntary bankruptcy petition was filed against Caesars Entertainment Operating Company, Inc. (Caesars) under Chapter 11 of the U.S. Bankruptcy Code. On January 15, 2015, Caesars and certain of its affiliates filed a voluntary bankruptcy petition under Chapter 11. Those cases have been consolidated in the United States Bankruptcy Court for the Northern District of Illinois. As of the end of the third quarter of fiscal 2015, our accounts receivable owed by Caesars and its affiliates who have filed a bankruptcy petition totaled approximately $2.9 million, approximately $1.0 million of which arose from revenue recognized in the third quarter of fiscal 2015. This represents approximately 14% of our outstanding accounts receivable as of December 31, 2014. As of December 31, 2014 we have not specifically reserved for this accounts receivable balance.

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Nature of Operations and Financial Statement Presentation

9 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations and Financial Statement Presentation

Nature of Operations and Financial Statement Presentation

Nature of Operations

Agilysys is a leading developer and marketer of software enabled solutions and services to the hospitality industry. We specialize in market-leading point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management and mobile and wireless solutions. These solutions are designed to streamline operations, improve efficiency, increase guest recruitment and wallet share, and enhance the overall guest experience. Agilysys serves four major market sectors: Gaming, both corporate and tribal; Hotels, Resorts and Cruise; Foodservice Management; and Restaurants, Universities, Stadia and Healthcare. A significant portion of our consolidated revenue is derived from contract support, maintenance and subscription services.

Agilysys operates extensively throughout North America, Europe and Asia, with corporate services located in Alpharetta, GA, and offices in Singapore, Hong Kong and Malaysia. Agilysys is comprised of a single operating segment and operates as a pure play software-driven solutions provider to the hospitality industry.

The sales of our RSG business and UK entity each represented a disposal of a component of an entity. As such, the operating results of RSG and the UK entity have been reported as a component of discontinued operations in the Condensed Consolidated Statement of Operations for the three and nine months endedDecember 31, 2013 and the Condensed Consolidated Statement of Cash Flows for the nine months endedDecember 31, 2013.

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements include our accounts consolidated with our wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Our fiscal year ends on March 31st. References to a particular year refer to the fiscal year ending in March of that year. For example, fiscal 2014 refers to the fiscal year ending March 31, 2014.

Our unaudited interim financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information, the instructions to the Quarterly Report on Form 10-Q (Quarterly Report) under the Securities Exchange Act of 1934, as amended (the Exchange Act), and Rule 10-01 of Regulation S-X under the Exchange Act. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations relating to interim financial statements.

The Condensed Consolidated Balance Sheet as of December 31, 2014, as well as the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive (Loss) Income for three and nine months endedDecember 31, 2014 and 2013, and the Condensed Consolidated Statements of Cash Flow for the nine months ended December 31, 2014 and 2013, are unaudited. However, these financial statements have been prepared on the same basis as those in the audited annual financial statements. In the opinion of management, all adjustments of a recurring nature necessary to fairly present the results of operations, financial position, and cash flows have been made. Further, we have evaluated all significant events occurring subsequent to the date of the Condensed Consolidated Financial Statements and through the filing of this Quarterly Report.

These unaudited interim financial statements should be read together with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended March 31, 2014, filed with the Securities and Exchange Commission (SEC) on June 4, 2014.

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Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2014
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable	$ 726	$ 1,101
Accounts Receivable, Net, Current	$ 21,248	$ 23,615
Common stock, stated value	$ 0.30	$ 0.30
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	31,606,831	31,606,831
Common stock, shares outstanding	22,822,554	22,467,970
Treasury shares	8,784,277	9,138,861

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Share-based Compensation

9 Months Ended

Dec. 31, 2014

Share-based Compensation [Abstract]

Share-based Compensation

Share-based Compensation

We may grant non-qualified stock options, incentive stock options, stock-settled stock appreciation rights, restricted shares, and restricted share units for up to 3.0 million common shares under our 2011 Stock Incentive Plan (the 2011 Plan). The maximum number of shares subject to stock options or SSARs that may be granted to an individual in a calendar year is 800,000 shares, and the maximum number of shares subject to restricted shares or restricted share units that may be granted to an individual in a calendar year is 400,000 shares. The maximum aggregate number of restricted shares or restricted share units that may be granted under the 2011 Plan is 1.0 million.

We have a shareholder-approved 2006 Stock Incentive Plan (the 2006 Plan) and a 2000 Stock Incentive Plan that still have vested awards outstanding. Awards are no longer being granted from these incentive plans.

We may distribute authorized but unissued shares or treasury shares to satisfy share option and appreciation right exercises or restricted share and performance share awards.

We record compensation expense related to stock options, SSARs, restricted shares, and performance shares granted to certain employees and non-employee directors based on the fair value of the awards on the grant date. The fair value of restricted share and performance share awards is based on the closing price of our common shares on the grant date. The fair value of stock option and SSARs awards is estimated on the grant date using the Black-Scholes-Merton option pricing model, which includes assumptions regarding the risk-free interest rate, dividend yield, life of the award, and the volatility of our common shares.

The following table summarizes the share-based compensation expense for options, SSARs, restricted and performance awards included in the Condensed Consolidated Statements of Operations:

	Three months ended				Nine months ended
	December 31,				December 31,
(In thousands)	2014		2013		2014		2013
Product development	$	259	$	194	$	669	$	550
Sales and marketing	42		38		74		88
General and administrative	460		411		1,085		886
Total share-based compensation expense	761		643		1,828		1,524

Stock Options

The following table summarizes the activity during the nine months endedDecember 31, 2014 for stock options awarded under the 2006 Plan and the 2000 Stock Incentive Plan:

	Number of Options		Weighted- Average Exercise Price		Remaining Contractual Term	Aggregate Intrinsic Value
(In thousands, except share and per share data)			(per share)		(in years)
Outstanding at April 1, 2014	627,500		$	15.26
Granted	—		—
Exercised	(15,000	)	13.76
Cancelled/expired	(30,000	)	13.11
Outstanding and exercisable at December 31, 2014	582,500		$	15.41	1.4	$	—

A total of 8,065 shares, net of 6,935 shares withheld to cover the applicable exercise price of the award, were issued from treasury shares to settle stock options exercised during the first nine months of fiscal 2015.

Stock-Settled Stock Appreciation Rights

SSARs are rights granted to an employee to receive value equal to the difference in the price of our common shares on the date of the grant and on the date of exercise. This value is settled in common shares of Agilysys.

The following table summarizes the activity during the nine months endedDecember 31, 2014 for SSARs awarded under the 2011 Plan:

	Number of Rights		Weighted- Average Exercise Price		Remaining Contractual Term	Aggregate Intrinsic Value
(In thousands, except share and per share data)			(per right)		(in years)
Outstanding at April 1, 2014	320,236		$	9.05
Granted	115,020		14.41
Exercised	(16,078	)	7.75
Forfeited	(11,835	)	7.46
Expired	(13,333	)	7.46
Outstanding at December 31, 2014	394,010		$	10.76	5.2	$	929
Exercisable at December 31, 2014	165,745		$	8.63	4.5	$	657

As of December 31, 2014, total unrecognized stock based compensation expense related to non-vested SSARs was $0.9 million, which is expected to be recognized over a weighted-average vesting period of 1.74 years.

A total of 5,463 shares, net of 1,446 shares withheld to cover the employee’s minimum applicable income taxes, were issued from treasury shares to settle SSARs exercised during the nine months endedDecember 31, 2014. The shares withheld were returned to treasury shares.

Restricted Shares

We granted shares to certain of our Directors, executives and key employees under the 2011 Plan, the vesting of which is service-based. The following table summarizes the activity during the nine months endedDecember 31, 2014 for restricted shares awarded under the 2011 Plan:

	Number of Shares		Weighted- Average Grant- Date Fair Value
(In thousands, except share and per share data)			(per share)
Outstanding at April 1, 2014	139,501		$	10.72
Granted	357,773		13.82
Vested	(16,840	)	8.64
Forfeited	(18,894	)	13.25
Outstanding at December 31, 2014	461,540		$	13.08

The weighted-average grant date fair value of the restricted shares is determined based upon the closing price of our common shares on the grant date. As of December 31, 2014, total unrecognized stock based compensation expense related to non-vested restricted stock was $4.3 million, which is expected to be recognized over a weighted-average vesting period of 2.21 years.

Performance Shares

The following table summarizes the activity during the nine months endedDecember 31, 2014 for performance shares awarded under the 2011 Plan:

	Number of Shares	Weighted- Average Grant- Date Fair Value
(In thousands, except share and per share data)		(per share)
Outstanding at April 1, 2014	17,728	$	8.64
Granted	—	—
Outstanding at December 31, 2014	17,728	$	8.64

The weighted-average grant date fair value of the performance shares is determined based upon the closing price of our common shares on the grant date and assumed that performance goals would be met at target. As of December 31, 2014, total unrecognized stock based compensation expense related to non-vested performance shares was $0.1 million, which is expected to be recognized over a weighted-average vesting period of 0.3 years.

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Document and Entity Information	9 Months Ended
	Dec. 31, 2014	Jan. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	AGILYSYS INC
Entity Central Index Key	0000078749
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Amendment Flag	true
Amendment Description	Agilysys, Inc. (the "Company") is filing this Amendment No. 1 (this "Form 10-Q/A") solely to furnish corrected XBRL (Extensible Business Reporting Language) information in Exhibit 101. This Form 10-Q/A does not otherwise update or amend any financial information or any other exhibits as originally filed. Accordingly, this Form 10-Q/A should be read in conjunction with the original filing of our Quarterly Report for the period ended December 31, 2014, which was filed on February 5, 2015. Exhibit 101 to this form 10-Q/A furnishes the following materials from our Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2014, formatted in XBRL; i) Condensed Consolidated Balance Sheets at December 31, 2014 and March 31, 2014, (ii) Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2014 and 2013, (iii) Condensed Consolidated Statements of Comprehensive (Loss) Income for the three and nine months ended December 31, 2014 and 2013, (iv) Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2014 and 2013, and (v) Notes to Condensed Consolidated Financial Statements for the three and nine months ended December 31, 2014.
Entity Common Stock, Shares Outstanding		22,822,554

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Fair Value Measurements

9 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Disclosures

12. Fair Value Measurements

We estimate the fair value of financial instruments using available market information and generally accepted valuation methodologies. We assess the inputs used to measure fair value using a three-tier hierarchy. The hierarchy indicates the extent to which pricing inputs used in measuring fair value are observable in the market. Level 1 inputs include unadjusted quoted prices for identical assets or liabilities and are the most observable. Level 2 inputs include unadjusted quoted prices for similar assets and liabilities that are either directly or indirectly observable, or other observable inputs such as interest rates, foreign currency exchange rates, commodity rates, and yield curves. Level 3 inputs are not observable in the market and include our own judgments about the assumptions market participants would use in pricing the asset or liability. The use of observable and unobservable inputs is reflected in the hierarchy assessment disclosed in the tables below.

There were no significant transfers between Levels 1, 2, and 3 during the nine months endedDecember 31, 2014 and 2013.

Our cash equivalents consist of highly liquid investments with original maturity dates of three months or less and can include certificates of deposit, commercial paper, treasury bills, money market funds and other investments. The fair value of our marketable securities, comprised of commercial paper, corporate bonds and certificates of deposit, was determined using a market approach, based on prices and other relevant information generated by market transactions involving similar assets, and therefore, is classified within Level 2 of the fair value hierarchy. Our marketable securities consist of investments with original maturity dates from date of acquisition of 90 to 365 days and are classified as available for sale.

The following data summarizes our cash equivalents and marketable securities:

	December 31, 2014
	Amortized		Unrealized		Unrealized		Fair		Cash		Marketable
(In thousands)	cost basis		Gains		Losses		Value		equivalents		securities
Level 2:
Commercial paper	$	2,998	$	—	$	—	$	2,998	$	2,998	$	—
Corporate bonds	5,015		—		—		5,015		—		5,015
Total	$	8,013	$	—	$	—	$	8,013	$	2,998	$	5,015

	March 31, 2014
	Amortized		Unrealized		Unrealized		Fair		Cash		Marketable
(In thousands)	cost basis		Gains		Losses		Value		equivalents		securities
Level 2:
Commercial paper	$	19,993	$	—	$	—	$	19,993	$	19,993	$	—
Certificates of deposit	9,006		—		—		9,006		9,006		—
Total	$	28,999	$	—	$	—	$	28,999	$	28,999	$	—

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:

	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities	Quoted prices in similar instruments and observable inputs	Active markets for unobservable inputs
(In thousands)	December 31, 2014		(Level 1)	(Level 2)	(Level 3)
Assets:
Corporate-owned life insurance — non-current	$	2,441			$	2,441
Liabilities:
Contingent consideration — current	$	180			$	180
Contingent consideration — non-current	1,553				1,553

	Fair value measurement used
	Recorded value as of		Active markets for identical assets or liabilities		Quoted prices in similar instruments and observable inputs		Active markets for unobservable inputs
(In thousands)	March 31, 2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Corporate-owned life insurance — current	$	1,989	$	—	$	—	$	1,989
Corporate-owned life insurance — non-current	2,371		—		—		2,371
Liabilities:
Contingent consideration — current	$	127	$	—	$	—	$	127
Contingent consideration — non-current	1,612		—		—		1,612

The recorded value of the corporate-owned life insurance policies is adjusted to the cash surrender value of the policies obtained from the third party life insurance providers, which are not observable in the market, and therefore, are classified within Level 3 of the fair value hierarchy. Changes in the cash surrender value of these policies are recorded within “Other expense (income), net” in the Condensed Consolidated Statements of Operations.

The fair value of the contingent consideration was determined by calculating the probability-weighted earn-out payments based on the assessment of the likelihood that certain milestones would be achieved.

The following table presents a summary of changes in the fair value of the Level 3 assets:

	Nine months ended
	December 31,
(In thousands)	2014			2013
Corporate-owned life insurance:
Balance on April 1	$	4,360		$	3,673
Unrealized (loss) gain relating to instruments held at reporting date	25			(6		)
Purchases, sales, issuances and settlements, net	45			87
Proceeds from corporate-owned life insurance policy	(1,989		)	—
Balance on December 31	$	2,441		$	3,754

The following tables present a summary of changes in the fair value of the Level 3 liabilities:

	Nine months ended
	December 31,
(In thousands)	2014			2013
Contingent consideration
Balance on April 1	$	1,739		$	—
Activity, payments and other charges (net)	(6		)	1,800
Balance on December 31	$	1,733		$	1,800

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Condensed Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Net revenue:
Products	$ 7,247	$ 8,128	$ 20,948	$ 24,219
Support, maintenance and subscription services	13,920	13,284	41,514	39,039
Professional services	3,575	3,553	12,344	10,253
Total net revenue	24,742	24,965	74,806	73,511
Cost of goods sold:
Products	4,413	4,331	11,414	11,239
Support, maintenance and subscription services	3,006	3,069	9,098	7,916
Professional services	3,194	2,410	8,823	6,976
Total net cost of goods sold	10,613	9,810	29,335	26,131
Gross profit	14,129	15,155	45,471	47,380
Gross Profit Ratio	57.10%	60.70%	60.80%	64.50%
Operating expenses:
Product development	6,670	5,772	18,726	18,718
Sales and marketing	3,696	3,108	11,407	10,143
General and administrative	5,175	5,786	16,369	15,480
Depreciation of fixed assets	556	577	1,702	1,571
Amortization of intangibles	617	2,365	2,994	3,953
Asset impairments and related charges	0	309	0	327
Restructuring, severance and other charges	95	206	913	823
Legal settlements	0	0	203	0
Operating loss	(2,680)	(2,968)	(6,843)	(3,635)
Other expenses (income):
Interest income	(24)	(19)	(98)	(52)
Interest expense	7	44	35	150
Other expense (income), net	114	(228)	68	(217)
Loss before income taxes	(2,777)	(2,765)	(6,848)	(3,516)
Income tax benefit	(62)	(1,054)	(777)	(1,284)
Loss from continuing operations	(2,715)	(1,711)	(6,071)	(2,232)
Income from discontinued operations, net of taxes	0	(952)	0	21,338
Net (loss) income	$ (2,715)	$ (2,663)	$ (6,071)	$ 19,106
Weighted Average Number of Shares Outstanding, Basic	22,343	22,150	22,336	22,100
Weighted average shares outstanding:
Loss per share from continuing operations	$ (0.12)	$ (0.08)	$ (0.27)	$ (0.10)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	$ 0.00	$ (0.04)	$ 0.00	$ 0.97
Earnings Per Share, Basic	$ (0.12)	$ (0.12)	$ (0.27)	$ 0.87
Weighted Average Number of Shares Outstanding, Diluted	22,343	22,150	22,336	22,100
Weighted Average Number of Shares Outstanding Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Diluted Share	$ (0.12)	$ (0.08)	$ (0.27)	$ (0.10)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	$ 0.00	$ (0.04)	$ 0.00	$ 0.97
Earnings Per Share, Diluted	$ (0.12)	$ (0.12)	$ (0.27)	$ 0.87

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Intangible Assets

9 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets and Software Development Costs

The following table summarizes our intangible assets and software development costs:

	December 31, 2014									March 31, 2014
	Gross						Net			Gross						Net
	carrying			Accumulated			carrying			carrying			Accumulated			carrying
(In thousands)	amount			amortization			amount			amount			amortization			amount
Amortized intangible assets:
Customer relationships	$	10,775		$	(10,721	)	$	54		$	10,775		$	(10,080	)	$	695
Non-competition agreements	2,700			(2,669		)	31			2,700			(2,473		)	227
Developed technology	10,660			(10,246		)	414			10,660			(10,156		)	504
Patented technology	80			(80		)	—			80			(80		)	—
	24,215			(23,716		)	499			24,215			(22,789		)	1,426
Unamortized intangible assets:
Trade names	10,100			N/A			10,100			10,100			N/A			10,100
Accumulated impairment	(900		)	N/A			(900		)	(900		)	N/A			(900		)
	9,200			N/A			9,200			9,200			N/A			9,200
Total intangible assets	$	33,415		$	(23,716	)	$	9,699		$	33,415		$	(22,789	)	$	10,626
Software development costs	$	15,561		$	(1,124	)	$	14,437		$	14,587		$	(270	)	$	14,317
Project expenditures not yet in use	23,567						23,567			12,397			—			12,397
Accumulated impairment	(9,493		)	N/A			(9,493		)	(9,493		)	N/A			(9,493		)
Total software development costs	$	29,635		$	(1,124	)	$	28,511		$	17,491		$	(270	)	$	17,221

The following table summarizes our remaining estimated amortization expense relating to in service intangible assets and software development costs.

	Estimated
	Amortization
(In thousands)	Expense
Fiscal year ending March 31,
2015	$	414
2016	1,335
2017	1,335
2018	1,335
2019	959
2020	64
Total	$	5,442

Amortization expense relating to intangible assets was $0.3 million and $0.3 million for the three months endedDecember 31, 2014 and 2013, and $0.9 million and $0.9 million for the nine months endedDecember 31, 2014 and 2013. Amortization expense relating to developed technology software intangible assets to be sold, leased, or otherwise marketed was $0.3 million and $0.1 million for the three months endedDecember 31, 2014 and 2013, and $0.9 million and $0.1 million for the nine months endedDecember 31, 2014 and 2013, respectively. Amortization expense for acquired and internally developed intangibles that are related to products to be sold, leased, or otherwise marketed is included in Products cost of goods sold and amortization expense for acquired and internally developed intangibles that are related to internal use assets is included in operating expenses as amortization of intangibles.

Capitalized software development costs that are internally developed to be sold, leased, or otherwise marketed, are carried on our balance sheet at net realizable value, net of accumulated amortization. We capitalized approximately $4.3 million and $4.3 million during the three months ended December 31, 2014 and 2013, respectively, and $12.1 million and $10.0 million during the nine months endedDecember 31, 2014 and 2013, respectively.

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Restructuring and Related Charges

9 Months Ended

Dec. 31, 2014

Restructuring Charges [Abstract]

Restructuring and Related Charges

Restructuring Charges

We recognize restructuring charges when a plan that materially changes the scope of our business or the manner in which that business is conducted is adopted and communicated to the impacted parties, and the expenses have been incurred or are reasonably estimable.

Fiscal 2015 Restructuring Activity

In the second quarter of fiscal 2015, we implemented restructuring actions to better align product development, sales and marketing and general and administrative functions with our company strategy and to reduce operating costs. To date, we have recorded $0.2 million in restructuring charges related to the fiscal 2015 restructuring activity, comprised of severance and other employee related benefits. As of December 31, 2014, we had a remaining liability of approximately $0.1 million recorded for the fiscal 2015 restructuring activity.

Fiscal 2014 Restructuring Activity

In the first quarter of fiscal 2014, we announced restructuring actions to better align corporate functions and to reduce operating costs, following the sale of RSG. In addition, in the fourth quarter of fiscal 2014, we initiated a restructuring plan to maximize sales effectiveness and more closely align sales and marketing efforts for targeted vertical growth, new product launches, and marketing alliances, and to shift development resources to the next generation products. To date, we have recorded $1.6 million in restructuring charges related to the fiscal 2014 restructuring activity, of which $1.2 million was recorded in fiscal 2014. We recorded approximately $0.4 million in restructuring charges during the first quarter of fiscal 2015, comprised of severance and other employee related benefits. As of December 31, 2014, we had a remaining liability of approximately $20,000 recorded for the fiscal 2014 restructuring activity.

Following is a reconciliation of the beginning and ending balances of the restructuring liability:

	Balance at							Balance at
	March 31,							December 31,
(In thousands)	2014		Provision		Payments			2014
Fiscal 2015 Restructuring Plan:
Severance and other employment costs	$	—	$	178	$	(78	)	$	100
Fiscal 2014 Restructuring Plan:
Severance and other employment costs	$	534	$	370	$	(884	)	$	20
Total restructuring costs	$	534	$	548	$	(962	)	$	120

The remaining severance and other employment costs of approximately $0.1 million will be paid in fiscal 2015.

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Intangible Assets (Tables)

9 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The following table summarizes our intangible assets and software development costs:

	December 31, 2014									March 31, 2014
	Gross						Net			Gross						Net
	carrying			Accumulated			carrying			carrying			Accumulated			carrying
(In thousands)	amount			amortization			amount			amount			amortization			amount
Amortized intangible assets:
Customer relationships	$	10,775		$	(10,721	)	$	54		$	10,775		$	(10,080	)	$	695
Non-competition agreements	2,700			(2,669		)	31			2,700			(2,473		)	227
Developed technology	10,660			(10,246		)	414			10,660			(10,156		)	504
Patented technology	80			(80		)	—			80			(80		)	—
	24,215			(23,716		)	499			24,215			(22,789		)	1,426
Unamortized intangible assets:
Trade names	10,100			N/A			10,100			10,100			N/A			10,100
Accumulated impairment	(900		)	N/A			(900		)	(900		)	N/A			(900		)
	9,200			N/A			9,200			9,200			N/A			9,200
Total intangible assets	$	33,415		$	(23,716	)	$	9,699		$	33,415		$	(22,789	)	$	10,626
Software development costs	$	15,561		$	(1,124	)	$	14,437		$	14,587		$	(270	)	$	14,317
Project expenditures not yet in use	23,567						23,567			12,397			—			12,397
Accumulated impairment	(9,493		)	N/A			(9,493		)	(9,493		)	N/A			(9,493		)
Total software development costs	$	29,635		$	(1,124	)	$	28,511		$	17,491		$	(270	)	$	17,221

Schedule of remaining estimated amortization expense

The following table summarizes our remaining estimated amortization expense relating to in service intangible assets and software development costs.

	Estimated
	Amortization
(In thousands)	Expense
Fiscal year ending March 31,
2015	$	414
2016	1,335
2017	1,335
2018	1,335
2019	959
2020	64
Total	$	5,442

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Marketable Securities

Marketable Securities

Marketable securities can consist of certificates of deposits, commercial paper, corporate bonds and other investments with established commercial banking institutions with readily determinable fair values and stated maturities of greater than three months.  We determine the appropriate classification of our investments in marketable securities at the time of purchase and reevaluate such designation at each balance sheet date.  Our marketable securities are classified as available for sale and have original maturity dates from date of acquisition from 90 to 365 days.

Adopted and Recently Issued Accounting Pronouncements

Adopted and Recently Issued Accounting Pronouncements

In August 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-15, Presentation of Financial Statements - Going Concern, which provides guidance on disclosure of uncertainties about an entity’s ability to continue as a going concern. This is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements or related disclosures.

In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which provides guidance requiring that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. This is effective for the fiscal years and interim reporting periods beginning after December 15, 2015. We are currently evaluating the impact that the adoption of ASU 2014-12 will have on our consolidated financial statements or related disclosures.

In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which converges the FASB and the International Accounting Standards Board standard on revenue recognition. Areas of revenue recognition that will be affected include, but are not limited to, transfer of control, variable consideration, allocation of transaction price, licenses, time value of money, contract costs and disclosures. This is effective for the fiscal years and interim reporting periods beginning after December 15, 2016. We are currently evaluating the impact that the adoption of ASU 2014-09 will have on our consolidated financial statements or related disclosures.

In April 2014, FASB issued ASU No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which requires only disposals representing a strategic shift in operations that have a major effect on operations and financial results to be presented as discontinued operations. The guidance also requires expanded financial disclosures about discontinued operations and significant disposals that do not qualify as discontinued operations. This is effective for the fiscal years and interim reporting periods beginning after December 15, 2014. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements or related disclosures.

In July 2013, FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This new guidance is effective on a prospective basis for fiscal years and interim reporting periods within those years, beginning after December 15, 2013. We adopted the provisions of ASU 2013-11 beginning April 1, 2014. The adoption of the ASU did not have any impact on our financial statements.

Management continually evaluates the potential impact, if any, of all recent accounting pronouncements on our consolidated financial statements or related disclosures and, if significant, makes the appropriate disclosures required by such new accounting pronouncements.

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Commitments and Contingencies

9 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

Agilysys is the subject of various threatened or pending legal actions and contingencies in the normal course of conducting its business. We provide for costs related to these matters when a loss is probable and the amount can be reasonably estimated. The effect of the outcome of these matters on our future results of operations and liquidity cannot be predicted because any such effect depends on future results of operations and the amount or timing of the resolution of such matters. While it is not possible to predict with certainty, management believes that the ultimate resolution of such individual or aggregated matters will not have a material adverse effect on our consolidated financial position, results of operations, or cash flows.

On April 6, 2012, Ameranth, Inc. filed a complaint against us for patent infringement in the United States District Court for the Southern District of California. The complaint alleges, among other things, that point-of-sale and property management and other hospitality information technology products, software, components and/or systems sold by us infringe three patents owned by Ameranth purporting to cover generation and synchronization of menus, including restaurant menus, event tickets, and other products across fixed, wireless and/or internet platforms as well as synchronization of hospitality information and hospitality software applications across fixed, wireless and internet platforms. The complaint seeks monetary damages, injunctive relief, costs and attorneys' fees. At this time, we are not able to predict the outcome of this lawsuit, or any possible monetary exposure associated with the lawsuit.  However, we dispute the allegations of wrongdoing and are vigorously defending ourselves in this matter. The litigation is currently stayed pending a covered business method review by the United States Patent and Trademark Office of a subset of the patents alleged to be infringed by Agilysys. The covered business method review was instituted on March 26, 2014, and must be completed within one year of institution, except that the time to complete the review may be extended by up to six months for good cause.

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Additional Balance Sheet Information

9 Months Ended

Dec. 31, 2014

Balance Sheet Related Disclosures [Abstract]

Additional Balance Sheet Information

Additional information related to the Condensed Consolidated Balance Sheets is as follows:

(In thousands)	December 31, 2014		March 31, 2014
Accrued liabilities:
Salaries, wages, and related benefits	$	5,169	$	8,308
Other taxes payable	1,295		1,122
Accrued legal settlements	—		1,630
Restructuring and severance liabilities	259		534
Professional fees	503		674
Software license fees	—		500
Deferred rent	364		477
Contingent consideration	180		127
Other	919		860
Total	$	8,689	$	14,232
Other non-current liabilities:
Uncertain tax positions	$	1,490	$	2,440
Deferred rent	1,651		1,755
Contingent consideration	1,553		1,612
Other	358		358
Total	$	5,052	$	6,165

Accounts Receivable, net

Accounts receivable, net of allowance for doubtful accounts was $21.2 million and $23.6 million as of December 31, 2014 and March 31, 2014, respectively. The related allowance for doubtful accounts was $0.7 million and $1.1 million as of December 31, 2014 and March 31, 2014, respectively. On January 12, 2015, an involuntary bankruptcy petition was filed against Caesars Entertainment Operating Company, Inc. (Caesars) under Chapter 11 of the U.S. Bankruptcy Code. On January 15, 2015, Caesars and certain of its affiliates filed a voluntary bankruptcy petition under Chapter 11. Those cases have been consolidated in the United States Bankruptcy Court for the Northern District of Illinois. As of the end of the third quarter of fiscal 2015, our accounts receivable owed by Caesars and its affiliates who have filed a bankruptcy petition totaled approximately $2.9 million, approximately $1.0 million of which arose from revenue recognized in the third quarter of fiscal 2015. This represents approximately 14% of our outstanding accounts receivable as of December 31, 2014. As of December 31, 2014 we have not specifically reserved for this accounts receivable balance.

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Income Taxes

9 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The following table compares our income tax benefit and effective tax rates for the three and nine months endedDecember 31, 2014 and 2013:

	Three months ended						Nine months ended
	December 31,						December 31,
(Dollars in thousands)	2014			2013			2014			2013
Income tax benefit	$	(62	)	$	(1,054	)	$	(777	)	$	(1,284	)
Effective tax rate	2.3		%	38.1		%	11.4		%	36.5		%

For the three and nine months endedDecember 31, 2014, the effective tax rate was different than the statutory rate due primarily to the decrease in unrecognized tax benefits attributable to the expiration of statute of limitations, recognition of net operating losses as deferred tax assets, which were offset by increases in the valuation allowance, and other U.S. permanent book to tax differences.

For the three and nine months endedDecember 31, 2013, the effective tax rate was different than the statutory rate due primarily to the intra-period tax allocation rules associated with the discontinued operations. Other items affecting the rate include a decrease in unrecognized tax benefits attributable to the expiration of statute of limitations, recognition of net operating losses as deferred tax assets, which were offset by increases in the valuation allowance, and other U.S. permanent book to tax differences.    

We have recorded a valuation allowance offsetting substantially all of our deferred tax assets. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which those temporary differences are deductible. Because of our losses in prior periods, management believes that it is more-likely-than-not that we will not realize the benefits of these deductible differences.

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(Loss) Earnings Per Share

9 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

(Loss) Earnings per Share

The following data shows the amounts used in computing (loss) earnings per share and the effect on income and the weighted average number of shares of dilutive potential common shares.

	Three months ended						Nine months ended
	December 31,						December 31,
(In thousands, except per share data)	2014			2013			2014			2013
Numerator:
Loss from continuing operations	$	(2,715	)	$	(1,711	)	$	(6,071	)	$	(2,232	)
Income from discontinued operations	—			(952		)	—			21,338
Net (loss) income	$	(2,715	)	$	(2,663	)	$	(6,071	)	$	19,106
Denominator:
Weighted average shares outstanding - basic	22,343			22,150			22,336			22,100
Weighted average shares outstanding - diluted	22,343			22,150			22,336			22,100
(Loss) earnings per share - basic:
Loss per share from continuing operations	$	(0.12	)	$	(0.08	)	$	(0.27	)	$	(0.10	)
(Loss) Income per share from discontinued operations	—			(0.04		)	—			0.97
Net (loss) income per share	$	(0.12	)	$	(0.12	)	$	(0.27	)	$	0.87
(Loss) earnings per share - diluted:
Loss per share from continuing operations	$	(0.12	)	$	(0.08	)	$	(0.27	)	$	(0.10	)
(Loss) Income per share from discontinued operations	$	—		$	(0.04	)	$	—		$	0.97
Net (loss) income per share	$	(0.12	)	$	(0.12	)	$	(0.27	)	$	0.87
Anti-dilutive stock options, SSARs, restricted shares and performance shares	1,467			1,850			1,360			2,014

Basic earnings (loss) per share is computed as net income available to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 479,268 and 270,333 of restricted shares and performance shares at December 31, 2014 and 2013, respectively, as these shares were issued but were not vested and, therefore, not considered outstanding for purposes of computing basic earnings per share at the balance sheet dates.

Diluted earnings (loss) per share includes the effect of all potentially dilutive securities on earnings per share. We have stock options, stock-settled appreciation rights (SSARs), unvested restricted shares and unvested performance shares that are potentially dilutive securities. When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive. Therefore, for the three and nine months ended December 31, 2014, basic weighted-average shares outstanding were used in calculating the diluted net loss per share.

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Restructuring and Related Charges (Details Textual) (USD $)	9 Months Ended	3 Months Ended	12 Months Ended	15 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Mar. 31, 2014	Jun. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 120,000	$ 120,000	$ 534,000
Restructuring Charges (Textual) [Abstract]
Restructuring Reserve, Current	259,000	259,000	534,000
Severance and Employment Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	100,000	100,000
Restructuring Charges (Textual) [Abstract]
Restructuring charges	200,000
Restructuring Plan Fiscal Two Zero One Four [Member]
Restructuring Charges (Textual) [Abstract]
Restructuring charges		400,000	1,200,000	1,600,000
Restructuring Reserve, Current	0	0
Restructuring Plan Fiscal Two Zero One Four [Member] | Severance and Employment Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 20,000	$ 20,000	$ 534,000

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Fair Value Measurements Cash, Cash Equivalents and Marketable Securities (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2014	Mar. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
CashCashEquivalentsAndShortTermInvestmentsAmortizedCost	$ 8,013	$ 28,999
CashCashEquivalentsAndShortTermInvestmentsUnrealizedLosses	0
Cash, Cash Equivalents, and Short-term Investments	8,013	28,999
Cash Equivalents, at Carrying Value	2,998	28,999
Available-for-sale Securities, Current	5,015
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
CashCashEquivalentsAndShortTermInvestmentsAmortizedCost		9,006
Cash, Cash Equivalents, and Short-term Investments		9,006
Cash Equivalents, at Carrying Value		9,006
Fair Value, Inputs, Level 2 [Member] | Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
CashCashEquivalentsAndShortTermInvestmentsAmortizedCost	2,998	19,993
Cash, Cash Equivalents, and Short-term Investments	2,998	19,993
Cash Equivalents, at Carrying Value	2,998	19,993
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Schedule of Available-for-sale Securities [Line Items]
CashCashEquivalentsAndShortTermInvestmentsAmortizedCost	5,015
CashCashEquivalentsAndShortTermInvestmentsUnrealizedLosses	0
Cash, Cash Equivalents, and Short-term Investments	5,015
Available-for-sale Securities, Current	$ 5,015

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Discontinued Operations (Tables)

9 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Income from discontinued operations

Income from discontinued operations was comprised of the following:

	Three months ended				Nine months ended
	December 31,				December 31,
(In thousands)		2013				2013
Discontinued operations:
Net revenue		$	1,042			$	27,890
(Loss) income from operations		(245		)		537
Other (expense) income, net		(223		)		(232		)
Gain on sale		—				23,135
(Loss) income before tax from discontinued operations		(468		)		23,440
Income tax expense		484				2,102
(Loss) income from discontinued operations		$	(952	)		$	21,338

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(Loss) Earnings per Share (Tables)

9 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Computing (loss) earnings per share and the effect on income and the weighted average number of dilutive potential common shares

The following data shows the amounts used in computing (loss) earnings per share and the effect on income and the weighted average number of shares of dilutive potential common shares.

	Three months ended						Nine months ended
	December 31,						December 31,
(In thousands, except per share data)	2014			2013			2014			2013
Numerator:
Loss from continuing operations	$	(2,715	)	$	(1,711	)	$	(6,071	)	$	(2,232	)
Income from discontinued operations	—			(952		)	—			21,338
Net (loss) income	$	(2,715	)	$	(2,663	)	$	(6,071	)	$	19,106
Denominator:
Weighted average shares outstanding - basic	22,343			22,150			22,336			22,100
Weighted average shares outstanding - diluted	22,343			22,150			22,336			22,100
(Loss) earnings per share - basic:
Loss per share from continuing operations	$	(0.12	)	$	(0.08	)	$	(0.27	)	$	(0.10	)
(Loss) Income per share from discontinued operations	—			(0.04		)	—			0.97
Net (loss) income per share	$	(0.12	)	$	(0.12	)	$	(0.27	)	$	0.87
(Loss) earnings per share - diluted:
Loss per share from continuing operations	$	(0.12	)	$	(0.08	)	$	(0.27	)	$	(0.10	)
(Loss) Income per share from discontinued operations	$	—		$	(0.04	)	$	—		$	0.97
Net (loss) income per share	$	(0.12	)	$	(0.12	)	$	(0.27	)	$	0.87
Anti-dilutive stock options, SSARs, restricted shares and performance shares	1,467			1,850			1,360			2,014

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2014
Liabilities:
Contingent consideration — current	$ 180	$ 127
Contingent consideration — non-current	1,553	1,612
Fair Value, Measurements, Recurring [Member]
Assets:
Corporate-owned life insurance — current		1,989
Corporate-owned life insurance — non-current	2,441	2,371
Liabilities:
Contingent consideration — current	180	127
Contingent consideration — non-current	1,553	1,612
Active markets for identical assets or liabilities (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Corporate-owned life insurance — non-current		0
Liabilities:
Contingent consideration — current
Contingent consideration — non-current
Quoted prices in similar instruments and observable inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Corporate-owned life insurance — non-current		0
Liabilities:
Contingent consideration — current
Contingent consideration — non-current
Active markets for unobservable inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Corporate-owned life insurance — current		1,989
Corporate-owned life insurance — non-current	2,441	2,371
Liabilities:
Contingent consideration — current	180	127
Contingent consideration — non-current	$ 1,553	$ 1,612

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(Loss) Earnings per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Numerator [Abstract]
Loss from continuing operations	$ (2,715)	$ (1,711)	$ (6,071)	$ (2,232)
Income from discontinued operations, net of taxes	0	(952)	0	21,338
Net (loss) income	$ (2,715)	$ (2,663)	$ (6,071)	$ 19,106
Denominator [Abstract]
Weighted average shares outstanding - basic	22,343	22,150	22,336	22,100
Weighted average shares outstanding - diluted	22,343	22,150	22,336	22,100
Earnings Per Share, Basic [Abstract]
Loss per share from continuing operations	$ (0.12)	$ (0.08)	$ (0.27)	$ (0.10)
(Loss) Income per share from discontinued operations	$ 0.00	$ (0.04)	$ 0.00	$ 0.97
Net (loss) income per share	$ (0.12)	$ (0.12)	$ (0.27)	$ 0.87
Earnings Per Share, Basic and Diluted			$ (0.27)	$ 0.87
Earnings Per Share, Diluted [Abstract]
Loss per share from continuing operations	$ (0.12)	$ (0.08)	$ (0.27)	$ (0.10)
(Loss) Income per share from discontinued operations	$ 0.00	$ (0.04)	$ 0.00	$ 0.97
Net (loss) income per share	$ (0.12)	$ (0.12)	$ (0.27)	$ 0.87
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,467,000	1,850,000	1,360,000	2,014,000

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Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (2,715)	$ (2,663)	$ (6,071)	$ 19,106
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation adjustments	(8)	48	(12)	232
Unrealized loss on sale of securities	1	0	(4)	0
Total comprehensive (loss) income	$ (2,722)	$ (2,615)	$ (6,087)	$ 19,338

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Discontinued Operations

9 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

UK Entity - Fiscal 2014

In March 2014, we completed the sale of our UK entity to Verteda Limited (Verteda), a U.K. based company, for total consideration of approximately $0.6 million, comprised of $0.7 million in cash and a receivable due to Agilysys from Verteda of $0.8 million, net of cash on hand of $0.9 million. During the first three quarters of fiscal 2015 we received full payment of the amount due to Agilysys from Verteda. In connection with the sale, we have entered into a multi-year distribution agreement whereby Verteda will distribute certain Agilysys products within the U.K. We will continue to manage all property management system accounts as well as key global accounts in the EMEA market.

Sale of Assets of RSG - Fiscal 2014

In July 2013, we completed the sale of our RSG business to Kyrus Solutions, Inc. (Kyrus), an affiliate of Clearlake Capital Group, L.P., for total consideration of approximately $37.6 million in cash, including a working capital adjustment of $3.1 million. Upon the close of the transaction, the aggregate purchase price was reduced by fees of approximately $1.6 million for transaction related costs, resulting in net proceeds received of approximately $36.0 million. In addition to the purchase agreement, we entered into a transition services agreement (TSA) with Kyrus, under which we provided certain transitional administrative and support services to Kyrus through January 31, 2014.

Components of Results of Discontinued Operations

The sales of our RSG business and UK entity each represented a disposal of a component of an entity. As such, the operating results of RSG and the UK entity have been reported as a component of discontinued operations in the Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows for the three and nine months endedDecember 31, 2013.

Income from discontinued operations was comprised of the following:

	Three months ended				Nine months ended
	December 31,				December 31,
(In thousands)		2013				2013
Discontinued operations:
Net revenue		$	1,042			$	27,890
(Loss) income from operations		(245		)		537
Other (expense) income, net		(223		)		(232		)
Gain on sale		—				23,135
(Loss) income before tax from discontinued operations		(468		)		23,440
Income tax expense		484				2,102
(Loss) income from discontinued operations		$	(952	)		$	21,338

Income tax expense recorded during the three and nine months endedDecember 31, 2013 is due to intra-period tax allocation rules associated with discontinued operations.

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Share-based Compensation (Tables)

9 Months Ended

Dec. 31, 2014

Share-based Compensation [Abstract]

Summary of share-based compensation expense for options

The following table summarizes the share-based compensation expense for options, SSARs, restricted and performance awards included in the Condensed Consolidated Statements of Operations:

	Three months ended				Nine months ended
	December 31,				December 31,
(In thousands)	2014		2013		2014		2013
Product development	$	259	$	194	$	669	$	550
Sales and marketing	42		38		74		88
General and administrative	460		411		1,085		886
Total share-based compensation expense	761		643		1,828		1,524

Activity related stock options award

The following table summarizes the activity during the nine months endedDecember 31, 2014 for stock options awarded under the 2006 Plan and the 2000 Stock Incentive Plan:

	Number of Options		Weighted- Average Exercise Price		Remaining Contractual Term	Aggregate Intrinsic Value
(In thousands, except share and per share data)			(per share)		(in years)
Outstanding at April 1, 2014	627,500		$	15.26
Granted	—		—
Exercised	(15,000	)	13.76
Cancelled/expired	(30,000	)	13.11
Outstanding and exercisable at December 31, 2014	582,500		$	15.41	1.4	$	—

Activity related SSARs award

The following table summarizes the activity during the nine months endedDecember 31, 2014 for SSARs awarded under the 2011 Plan:

	Number of Rights		Weighted- Average Exercise Price		Remaining Contractual Term	Aggregate Intrinsic Value
(In thousands, except share and per share data)			(per right)		(in years)
Outstanding at April 1, 2014	320,236		$	9.05
Granted	115,020		14.41
Exercised	(16,078	)	7.75
Forfeited	(11,835	)	7.46
Expired	(13,333	)	7.46
Outstanding at December 31, 2014	394,010		$	10.76	5.2	$	929
Exercisable at December 31, 2014	165,745		$	8.63	4.5	$	657

Activity related to restricted shares awarded by the Company

The following table summarizes the activity during the nine months endedDecember 31, 2014 for restricted shares awarded under the 2011 Plan:

	Number of Shares		Weighted- Average Grant- Date Fair Value
(In thousands, except share and per share data)			(per share)
Outstanding at April 1, 2014	139,501		$	10.72
Granted	357,773		13.82
Vested	(16,840	)	8.64
Forfeited	(18,894	)	13.25
Outstanding at December 31, 2014	461,540		$	13.08

Performance shares awarded by the Company

The following table summarizes the activity during the nine months endedDecember 31, 2014 for performance shares awarded under the 2011 Plan:

	Number of Shares	Weighted- Average Grant- Date Fair Value
(In thousands, except share and per share data)		(per share)
Outstanding at April 1, 2014	17,728	$	8.64
Granted	—	—
Outstanding at December 31, 2014	17,728	$	8.64

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Additional Balance Sheet Information (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2014
Other non-current assets:
Total	$ 3,956	$ 3,785
Accrued liabilities:
Salaries, wages, and related benefits	5,169	8,308
Other taxes payable	1,295	1,122
Accrued legal settlements	0	1,630
Restructuring and severance liabilities	259	534
Professional fees	503	674
Software license fees	0	500
Deferred rent	364	477
Contingent consideration — current	180	127
Other	919	860
Total	8,689	14,232
Other non-current liabilities:
Uncertain tax positions	1,490	2,440
Deferred rent	1,651	1,755
Contingent consideration — non-current	1,553	1,612
Other	358	358
Total	$ 5,052	$ 6,165

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Acquisitions (Tables)

9 Months Ended

Dec. 31, 2014

Dining Ventures, Inc. [Member]

Business Acquisition [Line Items]

Fair Value of Assets Acquired and Liabilities Assumed

The following is a summary of the fair values of the assets acquired in the acquisition:

(In thousands)
Goodwill	$	2,464
Developed technology	1,286
Total assets acquired	$	3,750

Finite-Lived Intangible Assets Acquired

The following is a summary of the intangible asset acquired and the weighted-average useful life over which it will be amortized.

			Weighted-average
	Purchased assets		useful life
Developed technology	$	1,286	5 years

TimeManagement Corporation [Member]

Business Acquisition [Line Items]

Fair Value of Assets Acquired and Liabilities Assumed

The following is a summary of the fair values of the assets acquired and liabilities assumed from the acquisition:

(In thousands)
Current assets	$	327
Property and equipment	88
Goodwill	3,444
Developed technology	605
Total assets acquired	4,464
Total liabilities assumed (all current)	914
Net assets acquired	$	3,550

Finite-Lived Intangible Assets Acquired

The following is a summary of the intangible asset acquired and the weighted-average useful life over which it will be amortized.

			Weighted-average
	Purchased assets		useful life
Developed technology	$	605	5 years