OTHER CURRENT ACCRUED LIABILITIES

12 Months Ended

Mar. 31, 2015

OTHER CURRENT ACCRUED LIABILITIES [Abstract]

OTHER CURRENT ACCRUED LIABILITIES

NOTE 12. OTHER CURRENT ACCRUED LIABILITIES

Other current accrued liabilities consist of the following (in thousands):

	March 31, 2015		March 31, 2014
Accrued liabilities for customer sales incentive programs	$	5,507	$	601
Installment payment obligation accrued related to acquisition		1,111		-
Other current accrued liabilities		3,186		2,483
Total other current accrued liabilities	$	9,804	$	3,084

At March 31, 2015, accrued liabilities for customer sales incentive programs consisted primarily of (i) a liability to distributors for cash rebates upon meeting certain requirements during a qualifying period and (ii) a liability to resellers for incentives that we estimate at the time of initial sale and adjust as earned by end-users during a specified promotional period.

At March 31, 2015, we recorded $1.1 million (or GBP 750,000) in other current accrued liabilities related to an installment payment obligation to acquire QCR and Trio in November 2014. The installment payment obligation related to acquisition accrued at March 31, 2015 is based on the GBP exchange rate at period-end. Since the exchange rate can fluctuate in the future, the installment payment obligation related to acquisition in absolute dollars will change accordingly. See Note 2, “Acquisitions” for additional information on our acquisition of QCR and Trio.

Other current accrued liabilities included notes payable and various expenses that we accrued for transaction taxes, royalties and professional costs.