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Unaudited Quarterly Financial Data (Tables)
 12 Months Ended
Mar. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

  

First
Quarter

 

 

Second
Quarter

 

 

Third
Quarter

 

 

Fourth
Quarter

 

 

Total

 

2015

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

  

$

17,919

  

 

$

17,671

  

 

$

23,239

  

 

$

30,953

 

 

$

89,782

  

Gross profit

  

 

5,566

  

 

 

6,985

  

 

 

9,844

  

 

 

12,469

 

 

 

34,864

  

Operating income (loss)

  

 

(220

) (a)(b)

 

 

1,057

 (b)(c)

 

 

5,195

 (b)

 

 

6,873

  

 

 

12,905

  

Net income (loss)

  

 

(162

) 

 

 

640

  

 

 

9,044

 (d)(e)

 

 

5,385

 (e)(f)

 

 

14,907

  

Basic earnings (loss) per share:

  

$

(0.02

) 

 

$

0.07

  

 

$

0.92

  

 

$

0.55

  

 

$

1.52

  

Diluted earnings (loss) per share:

  

$

(0.02

) 

 

$

0.06

  

 

$

0.91

  

 

$

0.54

  

 

$

1.50

  

 

 

  

First
Quarter

 

 

Second
Quarter

 

  

Third
Quarter

 

  

Fourth
Quarter

 

 

Total

 

2014

  

 

 

 

 

 

 

 

  

 

 

 

  

 

 

 

 

 

 

 

Net sales

  

$

19,568

  

 

$

15,464

  

  

$

22,628

  

  

$

28,273

 (g) 

 

$

85,933

  

Gross profit

  

 

6,805

  

 

 

5,413

  

  

 

8,439

  

  

 

10,474

 (g)

 

 

31,131

  

Operating income (loss)

  

 

2,253

 (a)

 

 

(305

) (b) 

  

 

2,725

  

  

 

4,416

  

 

 

9,089

  

Net income (loss)

  

 

1,373

 

 

 

(217

)  

  

 

1,670

  

  

 

2,815

  

 

 

5,641

  

Basic earnings (loss) per share:

  

$

0.14

 

 

$

(0.02

)  

  

$

0.17

  

  

$

0.29

  

 

$

0.58

  

Diluted earnings (loss) per share

  

$

0.14

 

 

$

(0.02

)  

  

$

0.17

  

  

$

0.29

  

 

$

0.58

  

(a)

Included in operating income is an environmental benefit of $412 and $1,207 in fiscal 2015 and fiscal 2014, respectively, from the reversal of an environmental reserve. See Note 13.

(b)

Included in operating income in Fiscal 2015 are Executive transition costs of $534, $59 and $85, in the first, second and third quarters, respectively.  Executive transition costs of $240 are included in operating income in fiscal 2014.

(c)

Included in operating income is $288 of internal re-organization costs.

(d)

Included in net income is $1,224 from a refund received from a real estate property tax review and assessment reduction for the Glen Head, New York property.

(e)

Included in net income is a research & development tax credit of $5,020 and $1,273, in the third and fourth quarters, respectively. See Note 5.

(f)

Included in net income is a gain of $503 from the sale of a property located in Irvington, New Jersey, which had a zero book value, was previously operated by one of our predecessor affiliates, and not used in our operations.

(g)

The Company terminated a distributor contract which resulted in sales returns of $1,538 and lowered gross profit by $1,033.