Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2015

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Financial assets and liabilities measured at fair value recurring basis

The following summarizes the Company’s financial assets and liabilities measured at fair value, by level within the fair value hierarchy:

	December 31, 2015								March 31, 2015
			Fair Value Measurements Using Inputs Considered as								Fair Value Measurements Using Inputs Considered as
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Assets
Short-term investments
Mutual funds	$	1,510,000	$	1,510,000		-		-	$	699,000	$	699,000		-		-
Liabilities
Accrued liabilities
Contingent consideration		415,000		-		-	$	415,000		-		-		-		-
Other current liabilities
Deferred compensation		1,510,000		1,510,000		-		-		699,000		699,000		-		-
Forward foreign currency exchange contracts		1,297,000		-	$	1,297,000		-		1,193,000		-	$	1,193,000		-
Other liabilities
Warrant liability		13,523,000		-		-		13,523,000		10,506,000		-		-	$	10,506,000
Contingent consideration		965,000		-		-		965,000		-		-		-		-

Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (level 3)

The following summarizes the activity for Level 3 fair value measurements:

	Three Months Ended December 31,								Nine Months Ended December 31,
	2015				2014				2015				2014
	Supplier Warrant		Contingent Consideration		Supplier Warrant		Contingent Consideration		Supplier Warrant		Contingent Consideration		Supplier Warrant		Contingent Consideration
Beginning balance	$	12,248,000	$	1,340,000	$	10,322,000	$	-	$	10,506,000	$	-	$	10,047,000	$	-
Newly issued		-		-		-		-		-		1,320,000		-		-
Total (gain) loss included in net income		1,275,000		40,000		1,924,000		-		3,017,000		60,000		2,199,000		-
Exercises/settlements		-		-		-		-		-		-		-		-
Net transfers in (out) of Level 3		-		-		-		-		-		-		-		-
Ending balance	$	13,523,000	$	1,380,000	$	12,246,000	$	-	$	13,523,000	$	1,380,000	$	12,246,000	$	-

Supplier Warrant [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Assumptions used to determine fair value of warrant liability

The following assumptions were used to determine the fair value of the Supplier Warrant:

	December 31, 2015
Risk free interest rate		0.96	%
Expected life in years		1.75
Expected volatility		41.70	%
Dividend yield		-
Probability of future financing		0	%

Contingent Consideration [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Assumptions used to determine fair value of warrant liability

The following assumptions were used to determine the fair value of the contingent consideration:

	December 31, 2015
Expected volatility		30.00	%
Probability		90.00	%
Counter party present value factor		5.44	%