Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2017

Fair Value Measurements [Abstract]

Financial assets and liabilities measured at fair value recurring basis

The following sets forth by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis according to the valuation techniques the Company used to determine their fair values at:

	March 31, 2017								March 31, 2016
			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	$	2,140,000	$	2,140,000		-		-	$	1,813,000	$	1,813,000		-		-
Prepaid expenses and other current assets
Forward foreign currency exchange contracts		427,000		-	$	427,000		-		-		-		-		-
Liabilities
Accrued liabilities
Contingent consideration		-		-		-		-		224,000		-		-	$	224,000
Other current liabilities
Deferred compensation		2,140,000		2,140,000		-		-		1,813,000		1,813,000		-		-
Forward foreign currency exchange contracts		-		-		-		-		416,000		-	$	416,000		-
Other liabilities
Warrant liability		11,879,000		-		-	$	11,879,000		15,643,000		-		-		15,643,000
Contingent consideration		-		-		-		-		106,000		-		-		106,000

Assumptions used to determine fair value of supplier warrant liability

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

	March 31, 2017
Risk free interest rate		0.91	%
Expected life in years		0.50
Expected volatility		39.00	%
Dividend yield		-
Probability of future financing		0	%

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:

	Years Ended March 31,
	2017						2016
	Supplier Warrant			Contingent Consideration			Supplier Warrant		Contingent Consideration
Beginning balance	$	15,643,000		$	330,000		$	10,506,000	$	-
Newly issued		-			-			-		1,320,000
Total (gain) loss included in net income		(3,764,000	)		(16,000	)		5,137,000		(990,000	)
Exercises/settlements		-			(314,000	)		-		-
Net transfers in (out) of Level 3		-			-			-		-
Ending balance	$	11,879,000		$	-		$	15,643,000	$	330,000