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Quarterly Results (Unaudited)
12 Months Ended
Mar. 31, 2012
Quarterly Results [Abstract]  
QUARTERLY RESULTS (UNAUDITED) QUARTERLY RESULTS (UNAUDITED)

17.

QUARTERLY RESULTS (UNAUDITED)

Because quarterly reporting of per share data is used independently for each reporting period, the sum of per share amounts for the four quarters in the fiscal year will not necessarily equal annual per share amounts. GAAP prohibits retroactive adjustment of quarterly per share amounts so that the sum of those amounts equals amounts for the full year.

Prior to the sale of TSG, we traditionally had experienced a seasonal increase in sales during our fiscal third quarter ending December 31. The HSG and RSG operating units have traditionally experienced a seasonal decrease in revenue during our fiscal first quarter ending June 30. Although we are unable to predict whether uneven sales patterns will continue over the long term, we believe this particular pattern is moderating as a result of exiting the TSG business. For example, third-quarter revenue from continuing operations was 25%, 29% and 31% of annual revenue for fiscal years 2012, 2011 and 2010, respectively. In addition, occasionally the timing of large one-time orders such as those associated with substantial retail product rollouts will create volatility in our quarterly results.

 

                                         
    Year ended March 31, 2012  
           
(In thousand except per share data)   First
quarter
    Second
quarter
    Third
quarter
    Fourth
Quarter
    Year  

Net revenue

  $ 52,591     $ 52,674     $ 51,582     $ 52,042     $ 208,889  

Gross profit

    18,088       20,988       19,932       20,828       79,836  

Asset impairments and related charges

                      9,681       9,681  

Restructuring and related charges

    2,346       3,688       4,558       5,261       15,853  

Loss from continuing operations

    (6,880     (3,554     (5,774     (18,031     (34,239

Income (loss) from discontinued operations

    651       10,487       (735     1,053       11,456  

Net (loss) income

  $ (6,229   $ 6,933     $ (6,509   $ (16,978   $ (22,783

Per share data:

                                       

Basic:

                                       

Loss from continuing operations

  $ (0.30   $ (0.16   $ (0.26   $ (0.83   $ (1.53

Income (loss) from discontinued operations

  $ 0.03     $ 0.46     $ (0.03   $ 0.05     $ 0.51  

Net (loss) income

  $ (0.27   $ 0.30     $ (0.29   $ (0.78   $ (1.02

 

                                         
    Year ended March 31, 2011  
           
(In thousands exept per share data)   First
quarter
    Second
quarter
    Third
quarter
    Fourth
Quarter
    Year  

Net revenue

  $ 47,090     $ 49,638     $ 58,997     $ 46,956     $ 202,681  

Gross profit

    18,957       17,763       19,141       19,778       75,639  

Asset impairments and related charges

          59             900       959  

Restructuring and related charges

    393       9       3             405  

Loss from continuing operations

    (8,292     (4,916     (2,290     (7,477     (22,975

Income (loss) from discontinued operations

    (1,960     2,702       4,288       (37,530     (32,500

Net (loss) income

  $ (10,252   $ (2,214   $ 1,998     $ (45,007   $ (55,475

Per share data:

                                       

Basic and diluted:

                                       

Loss from continuing operations

  $ (0.36   $ (0.22   $ (0.10   $ (0.33   $ (1.01

(Loss) income from discontinued operations

  $ (0.09   $ 0.12     $ 0.19     $ (1.65   $ (1.43

Net (loss) income

  $ (0.45   $ (0.10   $ 0.09     $ (1.97   $ (2.44