Mad Catz Interactive (MCZAF) 10-Q 5 Feb 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Dec. 31, 2014	Jan. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Trading Symbol	MCZ
Entity Registrant Name	MAD CATZ INTERACTIVE INC
Entity Central Index Key	1088162
Current Fiscal Year End Date	-28
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		64,488,798

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash	$3,890	$1,496
Accounts receivable, net	14,471	8,059
Other receivables	936	1,531
Inventories	18,469	17,189
Deferred tax assets	905	926
Income tax receivable	1,083	895
Prepaid expenses and other current assets	1,648	1,605
Total current assets	41,402	31,701
Deferred tax assets	1,229	1,334
Other assets	450	499
Property and equipment, net	3,233	2,737
Intangible assets, net	2,694	3,022
Total assets	49,008	39,293
Current liabilities:
Bank loan	14,627	5,612
Accounts payable	16,723	13,661
Accrued liabilities	4,618	4,874
Note payable	1,059	1,336
Income taxes payable	521	330
Total current liabilities	37,548	25,813
Note payable, less current portion	589	1,023
Warrant liability	19	75
Deferred tax liabilities	166	178
Deferred rent	722	78
Total liabilities	39,044	27,167
Shareholders' equity:
Common stock, no par value, unlimited shares authorized; 64,488,798 and 63,931,506 shares issued and outstanding at December 31, 2014 and March 31, 2014, respectively	61,459	60,847
Accumulated other comprehensive loss	-3,722	-1,757
Accumulated deficit	-47,773	-46,964
Total shareholders' equity	9,964	12,126
Total liabilities and shareholders' equity	$49,008	$39,293

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014		Mar. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value
Common stock, shares authorized		[1]		[1]
Common stock, shares issued	64,488,798		63,931,506
Common stock, shares outstanding	64,488,798		63,931,506
[1]	unlimited

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Net sales	$30,451	$32,889	$69,665	$69,412
Cost of sales	22,273	24,964	49,693	51,352
Gross profit	8,178	7,925	19,972	18,060
Operating expenses:
Sales and marketing	2,673	3,189	8,562	10,018
General and administrative	2,337	2,655	8,210	8,903
Research and development	852	1,062	2,220	3,240
Acquisition related items		-53		99
Amortization of intangible assets	109	170	328	633
Total operating expenses	5,971	7,023	19,320	22,893
Operating income (loss)	2,207	902	652	-4,833
Other (expense) income:
Interest expense, net	-238	-223	-563	-476
Foreign currency exchange loss, net	-83	-292	-500	-708
Change in fair value of warrant liability	1	324	56	-10
Other income	13	4	92	101
Total other expense	-307	-187	-915	-1,093
Income (loss) before income taxes	1,900	715	-263	-5,926
Income tax expense	-542	-1,281	-546	-1,250
Net income (loss)	$1,358	($566)	($809)	($7,176)
Net income (loss) per share:
Basic	$0.02	($0.01)	($0.01)	($0.11)
Diluted	$0.02	($0.01)	($0.01)	($0.11)
Shares used in per share computations:
Basic	64,488,798	63,931,506	64,240,446	63,700,413
Diluted	64,644,470	63,931,506	64,240,446	63,700,413

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income (loss)	$1,358	($566)	($809)	($7,176)
Foreign currency translation adjustments	-1,170	949	-1,965	1,905
Comprehensive income (loss)	$188	$383	($2,774)	($5,271)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net loss	($809)	($7,176)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,549	2,017
Accrued and unpaid interest expense on note payable	10
Amortization of deferred financing fees	57	26
Loss on disposal of assets	8
Stock-based compensation	376	501
Change in fair value of contingent consideration		-764
Change in fair value of warrant liability	-56	10
Provision for deferred income taxes	114	12
Changes in operating assets and liabilities:
Accounts receivable	-7,314	789
Other receivables	511	-1,009
Inventories	-1,460	3,833
Prepaid expenses and other current assets	-49	124
Other assets	36	-111
Accounts payable	2,585	-1,937
Accrued liabilities	-292	-328
Deferred rent	553
Income taxes receivable/payable	-50	612
Net cash used in operating activities	-4,231	-3,401
Cash flows from investing activities:
Purchases of property and equipment	-1,604	-994
Purchases of intangible assets		-80
Net cash used in investing activities	-1,604	-1,074
Cash flows from financing activities:
Borrowings on bank loan	53,839	57,535
Repayments on bank loan	-44,824	-51,791
Payment of financing fees	-50	-40
Repayments on note payable	-791
Proceeds from exercise of stock options	236	188
Payment of contingent consideration		-787
Net cash provided by financing activities	8,410	5,105
Effects of foreign currency exchange rate changes on cash	-181	137
Net increase in cash	2,394	767
Cash, beginning of period	1,496	2,773
Cash, end of period	3,890	3,540
Supplemental cash flow information:
Income taxes paid	578	941
Interest paid	$350	$397

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation	(1) Basis of Presentation
	Nature of Operations
	Mad Catz Interactive, Inc. (“Mad Catz”) designs, manufactures (primarily through third parties in Asia), markets and distributes innovative interactive entertainment products marketed under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. Mad Catz products, which primarily include headsets, mice, keyboards, controllers, specialty controllers, and other accessories, cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows® PC and Mac® computers, smart phones, tablets and other mobile devices. Mad Catz distributes its products through its online store as well as through many leading retailers around the globe. Operationally headquartered in San Diego, California, Mad Catz also maintains offices in Europe and Asia.
	Basis of Accounting
	The accompanying unaudited consolidated financial information has been prepared by management, without audit, in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The consolidated balance sheet at March 31, 2014 was derived from the audited consolidated financial statements at that date; however, it does not include all disclosures required by accounting principles generally accepted in the United States (“U.S. GAAP”).
	In the opinion of management, the unaudited consolidated financial statements for the interim period presented reflect all material adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of and for such periods indicated. These unaudited consolidated financial statements and notes hereto should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2014. These consolidated financial statements refer to the Company’s fiscal years ending March 31 as its “fiscal” years. The Company generates a substantial percentage of net sales in the last three months of every calendar year, its fiscal third quarter. Results for the interim periods presented herein are not necessarily indicative of results that may be reported for any other interim period or for the fiscal year ending March 31, 2015. All currency amounts are presented in U.S. dollars.
	Principles of Consolidation
	The accompanying unaudited consolidated financial statements include the accounts of Mad Catz and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. References to the “Company,” “we,” “us,” “our” and other similar words refer to Mad Catz Interactive, Inc. and its consolidated subsidiaries, unless the context suggests otherwise.
	Use of Estimates
	The unaudited consolidated financial statements have been prepared in conformity with U.S. GAAP. Applying these principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of sales and expenses during the reporting periods. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventories, contingencies and litigation, valuation and recognition of share-based payments, warrant liability and income taxes. As future events and their effects cannot be determined with precision, actual results could differ from these estimates.
	Recently Issued Accounting Standards
	The following new accounting standards have been issued, but not adopted by the Company as of December 31, 2014:
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers. ASU 2014-09 requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The effective date of ASU 2014-09 is for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of adopting ASU 2014-09.
	In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern for a one year period subsequent to the date of the financial statements. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The guidance is effective for all entities for the first annual period ending after December 15, 2016 and interim periods thereafter, with early adoption permitted. Adoption of this guidance is not expected to have any impact on the Company’s financial statements.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Measurements	(2) Fair Value Measurements
	The carrying values of the Company’s financial instruments, including cash, accounts receivable, other receivables, accounts payable, accrued liabilities and income taxes receivable/payable approximate their fair values due to the short maturity of these instruments. The carrying value of the bank loan approximates its fair value as the interest rate and other terms are that which is currently available to the Company. The carrying value of the note payable approximates fair value as it represents the present value of the fixed payment schedule using an effective interest rate of 5.25%, which approximates the interest rate on the Company’s bank loan.
	For a description of the fair value hierarchy, see Note 2 to the Company’s 2014 consolidated financial statements contained in the Company’s Annual Report on Form 10-K for its fiscal year ended March 31, 2014.
	The following tables provide a summary of the recognized assets and liabilities carried at fair value on a recurring basis as of December 31, 2014 and March 31, 2014 (in thousands):
					Basis of Fair Value Measurements
		December 31,			Level 1		Level 2		Level 3
		2014
	Liabilities:
	Warrant liability	$	(19)		$	—	$	—	$	-19
					Basis of Fair Value Measurements
		March 31,			Level 1		Level 2		Level 3
		2014
	Liabilities:
	Warrant liability	$	(75)		$	—	$	—	$	-75
	The following tables provide a roll forward of the Company’s level three fair value measurements during the nine months ended December 31, 2014, which consist of the Company’s warrant liability (in thousands):
	Warrant liability:
	Balance at March 31, 2014	$	(75	)
	Change in fair value of warrant liability		56
	Balance at December 31, 2014	$	(19	)

Inventories

Inventories	9 Months Ended
	Dec. 31, 2014
Inventory Disclosure [Abstract]
Inventories	(3) Inventories
	Inventories consist of the following (in thousands):
		December 31,		March 31,
		2014		2014
	Raw materials	$	1,045	$	1,032
	Finished goods		17,424		16,157
		$	18,469	$	17,189

Basic_and_Diluted_Net_Income_L

Basic and Diluted Net Income (Loss) per Share	9 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Basic and Diluted Net Income (Loss) per Share	(4) Basic and Diluted Net Income (Loss) per Share
	Basic net income (loss) per share is calculated by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share includes the impact of potentially dilutive securities unless inclusion of such securities would be anti-dilutive.
		Three Months Ended					Nine months Ended
		December 31,					December 31,
		2014		2013			2014			2013
	Numerator:
	Net income (loss)	$	1,358	$	(566	)	$	(809	)	$	(7,176	)
	Denominator:
	Weighted average shares used to compute basic loss per share		64,488,798		63,931,506			64,240,446			63,700,413
	Effect of dilutive share-based awards		155,672		—			—			—
	Denominator for diluted net income (loss) per share		64,644,470		63,931,506			64,240,446			63,700,413
	Basic income (loss) per share	$	0.02	$	(0.01	)	$	(0.01	)	$	(0.11	)
	Diluted income (loss) per share	$	0.02	$	(0.01	)	$	(0.01	)	$	(0.11	)
	Outstanding options to purchase an aggregate of 7,749,132 and 7,310,704 shares of the Company’s common stock for the three and nine months ended December 31, 2014, respectively, and 7,391,006 and 7,772,752 shares of the Company’s common stock for the three and nine months ended December 31, 2013, respectively, were excluded from the diluted net income (loss) per share calculations because of their anti-dilutive effect during these periods. Outstanding warrants to purchase an aggregate of 2,540,918 shares of the Company’s common stock for each of the three and nine months ended December 31, 2014 and 2013, were excluded from the diluted net income (loss) per share calculations because of their anti-dilutive effect during these periods.

Geographic_and_Product_Line_Da

Geographic and Product Line Data and Concentrations	9 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Geographic and Product Line Data and Concentrations	(5) Geographic and Product Line Data and Concentrations
	The Company’s net sales are attributed to the following geographic regions (in thousands):
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	EMEA		$	17,825		$	20,983		$	37,104		$	40,575
	Americas			9,573			9,877			22,281			23,195
	APAC			3,053			2,029			10,280			5,642
			$	30,451		$	32,889		$	69,665		$	69,412
	Revenue is attributed to geographic regions based on the location of the customer. “EMEA” includes Europe, the Middle East and Africa. During the three and nine months ended December 31, 2014, one customer accounted for approximately 15% and 13% of the Company’s gross sales, respectively, another customer accounted for approximately 11% and 10% of the Company’s gross sales, respectively, and one other customer accounted for approximately 10% and 9% of the Company’s gross sales, respectively. During the three and nine months ended December 31, 2013 one customer accounted for approximately 15% and 13% of the Company’s gross sales, respectively, and one other customer accounted for approximately 12% and 11% of the Company’s gross sales, respectively. At December 31, 2014, one customer represented 18% of accounts receivable, another customer represented 12% of accounts receivable and another customer represented 11% of accounts receivable. At March 31, 2014, one customer represented 15% of accounts receivable. During the three and nine months ended December 31, 2014 and 2013, no other customers accounted for greater than 10% of gross sales. At December 31, 2014 and March 31, 2014, no other customers accounted for greater than 10% of accounts receivable.
	The Company’s sales by platform as a percentage of gross sales were as follows:
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	PC and Mac			43	%		40	%		44	%		44	%
	Next gen consoles (a)			21	%		2	%		19	%		1	%
	Universal			25	%		34	%		23	%		30	%
	Smart devices			5	%		2	%		8	%		2	%
	Legacy consoles (b)			6	%		20	%		6	%		21	%
	All others			—	%		2	%		—	%		2	%
				100	%		100	%		100	%		100	%
	(a)	Includes products developed for Xbox One, PlayStation 4 and Wii U.
	(b)	Includes products developed for Xbox 360, PlayStation 3 and Wii.
	The Company’s sales by product category as a percentage of gross sales were as follows:
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	Audio			47	%		51	%		43	%		46	%
	Specialty controllers			22	%		15	%		23	%		16	%
	Mice and keyboards			23	%		25	%		23	%		29	%
	Controllers			4	%		1	%		6	%		1	%
	Accessories			4	%		5	%		4	%		6	%
	Games and other			—	%		3	%		1	%		2	%
				100	%		100	%		100	%		100	%
	The Company’s sales by brand as a percentage of gross sales were as follows:
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	Tritton			44	%		46	%		39	%		42	%
	Mad Catz			34	%		42	%		34	%		45	%
	Saitek			17	%		11	%		18	%		12	%
	Other			5	%		1	%		9	%		1	%
				100	%		100	%		100	%		100	%

Subsequent_Event_Footnote

Subsequent Event Footnote	9 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Event Footnote	(6) Subsequent Event Footnote
	The Company maintains a Credit Facility with Wells Fargo Capital Finance, LLC (“Wells Fargo”) to borrow up to $25 million under a revolving line of credit subject to the availability of eligible collateral (accounts receivable and inventories), which changes throughout the year. The Credit Facility expires on October 31, 2015. The Company is currently in discussions to amend and extend the line of credit. The Company is required to meet a monthly financial covenant based on a trailing twelve months’ Adjusted EBITDA, as defined. The Company’s trailing twelve months’ Adjusted EBITDA as of December 31, 2014 was lower than the required threshold and, accordingly, the Company was not in compliance with this covenant as of December 31, 2014. On February 2, 2015, the Company received a waiver of the covenant default from Wells Fargo and entered into an amendment to the Credit Facility that modifies the trailing twelve months’ Adjusted EBITDA covenant, as defined, from January 2015 through June 2015.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations
	Mad Catz Interactive, Inc. (“Mad Catz”) designs, manufactures (primarily through third parties in Asia), markets and distributes innovative interactive entertainment products marketed under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. Mad Catz products, which primarily include headsets, mice, keyboards, controllers, specialty controllers, and other accessories, cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows® PC and Mac® computers, smart phones, tablets and other mobile devices. Mad Catz distributes its products through its online store as well as through many leading retailers around the globe. Operationally headquartered in San Diego, California, Mad Catz also maintains offices in Europe and Asia.
Basis of Accounting	Basis of Accounting
	The accompanying unaudited consolidated financial information has been prepared by management, without audit, in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The consolidated balance sheet at March 31, 2014 was derived from the audited consolidated financial statements at that date; however, it does not include all disclosures required by accounting principles generally accepted in the United States (“U.S. GAAP”).
	In the opinion of management, the unaudited consolidated financial statements for the interim period presented reflect all material adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of and for such periods indicated. These unaudited consolidated financial statements and notes hereto should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2014. These consolidated financial statements refer to the Company’s fiscal years ending March 31 as its “fiscal” years. The Company generates a substantial percentage of net sales in the last three months of every calendar year, its fiscal third quarter. Results for the interim periods presented herein are not necessarily indicative of results that may be reported for any other interim period or for the fiscal year ending March 31, 2015. All currency amounts are presented in U.S. dollars.
Principles of Consolidation	Principles of Consolidation
	The accompanying unaudited consolidated financial statements include the accounts of Mad Catz and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. References to the “Company,” “we,” “us,” “our” and other similar words refer to Mad Catz Interactive, Inc. and its consolidated subsidiaries, unless the context suggests otherwise.
Use of Estimates	Use of Estimates
	The unaudited consolidated financial statements have been prepared in conformity with U.S. GAAP. Applying these principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of sales and expenses during the reporting periods. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventories, contingencies and litigation, valuation and recognition of share-based payments, warrant liability and income taxes. As future events and their effects cannot be determined with precision, actual results could differ from these estimates.
Recently Issued Accounting Standards	Recently Issued Accounting Standards
	The following new accounting standards have been issued, but not adopted by the Company as of December 31, 2014:
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers. ASU 2014-09 requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The effective date of ASU 2014-09 is for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of adopting ASU 2014-09.
	In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern for a one year period subsequent to the date of the financial statements. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The guidance is effective for all entities for the first annual period ending after December 15, 2016 and interim periods thereafter, with early adoption permitted. Adoption of this guidance is not expected to have any impact on the Company’s financial statements.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Recognized Assets and Liabilities Carried at Fair Value on Recurring Basis	The following tables provide a summary of the recognized assets and liabilities carried at fair value on a recurring basis as of December 31, 2014 and March 31, 2014 (in thousands):
					Basis of Fair Value Measurements
		December 31,			Level 1		Level 2		Level 3
		2014
	Liabilities:
	Warrant liability	$	(19)		$	—	$	—	$	-19
					Basis of Fair Value Measurements
		March 31,			Level 1		Level 2		Level 3
		2014
	Liabilities:
	Warrant liability	$	(75)		$	—	$	—	$	-75
Fair Value Measurements of Warrant Liability	The following tables provide a roll forward of the Company’s level three fair value measurements during the nine months ended December 31, 2014, which consist of the Company’s warrant liability (in thousands):
	Warrant liability:
	Balance at March 31, 2014	$	(75	)
	Change in fair value of warrant liability		56
	Balance at December 31, 2014	$	(19	)

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Dec. 31, 2014
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following (in thousands):
		December 31,		March 31,
		2014		2014
	Raw materials	$	1,045	$	1,032
	Finished goods		17,424		16,157
		$	18,469	$	17,189

Basic_and_Diluted_Net_Income_L1

Basic and Diluted Net Income (Loss) per Share (Tables)	9 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Income (Loss) per Share	Diluted net income (loss) per share includes the impact of potentially dilutive securities unless inclusion of such securities would be anti-dilutive.
		Three Months Ended					Nine months Ended
		December 31,					December 31,
		2014		2013			2014			2013
	Numerator:
	Net income (loss)	$	1,358	$	(566	)	$	(809	)	$	(7,176	)
	Denominator:
	Weighted average shares used to compute basic loss per share		64,488,798		63,931,506			64,240,446			63,700,413
	Effect of dilutive share-based awards		155,672		—			—			—
	Denominator for diluted net income (loss) per share		64,644,470		63,931,506			64,240,446			63,700,413
	Basic income (loss) per share	$	0.02	$	(0.01	)	$	(0.01	)	$	(0.11	)
	Diluted income (loss) per share	$	0.02	$	(0.01	)	$	(0.01	)	$	(0.11	)

Geographic_and_Product_Line_Da1

Geographic and Product Line Data and Concentrations (Tables)	9 Months Ended
	Dec. 31, 2014
Sales Attributed to Geographic Regions	The Company’s net sales are attributed to the following geographic regions (in thousands):
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	EMEA		$	17,825		$	20,983		$	37,104		$	40,575
	Americas			9,573			9,877			22,281			23,195
	APAC			3,053			2,029			10,280			5,642
			$	30,451		$	32,889		$	69,665		$	69,412
Platform [Member] | Gross Sales [Member]
Summary of Sales by Platform, Product Category and Brand	The Company’s sales by platform as a percentage of gross sales were as follows:
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	PC and Mac			43	%		40	%		44	%		44	%
	Next gen consoles (a)			21	%		2	%		19	%		1	%
	Universal			25	%		34	%		23	%		30	%
	Smart devices			5	%		2	%		8	%		2	%
	Legacy consoles (b)			6	%		20	%		6	%		21	%
	All others			—	%		2	%		—	%		2	%
				100	%		100	%		100	%		100	%
	(a)	Includes products developed for Xbox One, PlayStation 4 and Wii U.
	(b)	Includes products developed for Xbox 360, PlayStation 3 and Wii.
Product Category [Member] | Gross Sales [Member]
Summary of Sales by Platform, Product Category and Brand	The Company’s sales by product category as a percentage of gross sales were as follows:
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	Audio			47	%		51	%		43	%		46	%
	Specialty controllers			22	%		15	%		23	%		16	%
	Mice and keyboards			23	%		25	%		23	%		29	%
	Controllers			4	%		1	%		6	%		1	%
	Accessories			4	%		5	%		4	%		6	%
	Games and other			—	%		3	%		1	%		2	%
				100	%		100	%		100	%		100	%
Brand [Member] | Gross Sales [Member]
Summary of Sales by Platform, Product Category and Brand	The Company’s sales by brand as a percentage of gross sales were as follows:
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
	Tritton			44	%		46	%		39	%		42	%
	Mad Catz			34	%		42	%		34	%		45	%
	Saitek			17	%		11	%		18	%		12	%
	Other			5	%		1	%		9	%		1	%
				100	%		100	%		100	%		100	%

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (Notes Payable [Member])	Dec. 31, 2014
Notes Payable [Member]
Short-term Debt [Line Items]
Note payable, interest rate percentage	5.25%

Fair_Value_Measurements_Recogn

Fair Value Measurements - Recognized Assets and Liabilities Carried at Fair Value on Recurring Basis (Detail) (USD $)	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Liabilities:
Warrant liability	($19)	($75)
Level 3 [Member]
Liabilities:
Warrant liability	($19)	($75)

Fair_Value_Measurements_Fair_V

Fair Value Measurements - Fair Value Measurements of Warrant Liability (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Warrant liability:
Beginning Balance			($75)
Change in fair value of warrant liability	1	324	56	-10
Ending Balance	($19)		($19)

Inventories_Schedule_of_Invent

Inventories - Schedule of Inventory (Detail) (USD $)	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]
Raw materials	$1,045	$1,032
Finished goods	17,424	16,157
Inventories	$18,469	$17,189

Basic_and_Diluted_Net_Income_L2

Basic and Diluted Net Income (Loss) per Share - Calculation of Basic and Diluted Net Income (Loss) per Share (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Numerator:
Net income (loss)	$1,358	($566)	($809)	($7,176)
Denominator:
Weighted average shares used to compute basic loss per share	64,488,798	63,931,506	64,240,446	63,700,413
Effect of dilutive share-based awards	155,672
Denominator for diluted net income (loss) per share	64,644,470	63,931,506	64,240,446	63,700,413
Basic income (loss) per share	$0.02	($0.01)	($0.01)	($0.11)
Diluted income (loss) per share	$0.02	($0.01)	($0.01)	($0.11)

Basic_and_Diluted_Net_Income_L3

Basic and Diluted Net Income (Loss) per Share - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Outstanding Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Purchase of common stock outstanding	2,540,918	2,540,918	2,540,918	2,540,918
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Purchase of common stock outstanding	7,749,132	7,391,006	7,310,704	7,772,752

Geographic_and_Product_Line_Da2

Geographic and Product Line Data and Concentrations - Sales Attributed to Geographic Regions (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Net sales	$30,451	$32,889	$69,665	$69,412
EMEA [Member]
Segment Reporting Information [Line Items]
Net sales	17,825	20,983	37,104	40,575
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	9,573	9,877	22,281	23,195
APAC [Member]
Segment Reporting Information [Line Items]
Net sales	$3,053	$2,029	$10,280	$5,642

Geographic_and_Product_Line_Da3

Geographic and Product Line Data and Concentrations - Additional Information (Detail) (EMEA [Member])	3 Months Ended		9 Months Ended		3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
Customer One [Member] | Customer Concentration Risk [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	15.00%	15.00%	13.00%	13.00%
Customer One [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage			18.00%		15.00%
Customer Two [Member] | Customer Concentration Risk [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	11.00%	12.00%	10.00%	11.00%
Customer Two [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage			12.00%
Customer Two [Member] | Maximum [Member] | Customer Concentration Risk [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	10.00%	10.00%	10.00%	10.00%
Customer Two [Member] | Maximum [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage			10.00%		10.00%
Customer Three [Member] | Customer Concentration Risk [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	10.00%		9.00%
Customer Three [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage			11.00%

Geographic_and_Product_Line_Da4

Geographic and Product Line Data and Concentrations - Summary of Sales by Platform (Detail) (Platform [Member], Gross Sales [Member])	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Percentage of sales by platform	100.00%	100.00%	100.00%	100.00%
PC and Mac [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	43.00%	40.00%	44.00%	44.00%
Next gen consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	21.00%	2.00%	19.00%	1.00%
Universal [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	25.00%	34.00%	23.00%	30.00%
Smart devices [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	5.00%	2.00%	8.00%	2.00%
Legacy consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	6.00%	20.00%	6.00%	21.00%
All others [Member]
Concentration Risk [Line Items]
Percentage of sales by platform		2.00%		2.00%

Geographic_and_Product_Line_Da5

Geographic and Product Line Data and Concentrations - Summary of Sales by Product Category (Detail) (Product Category [Member], Gross Sales [Member])	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Percentage of sales by product category	100.00%	100.00%	100.00%	100.00%
Audio [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	47.00%	51.00%	43.00%	46.00%
Specialty controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	22.00%	15.00%	23.00%	16.00%
Mice and Keyboards [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	23.00%	25.00%	23.00%	29.00%
Controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	4.00%	1.00%	6.00%	1.00%
Accessories [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	4.00%	5.00%	4.00%	6.00%
Games and other [Member]
Concentration Risk [Line Items]
Percentage of sales by product category		3.00%	1.00%	2.00%

Geographic_and_Product_Line_Da6

Geographic and Product Line Data and Concentrations - Summary of Sales by Brand (Detail) (Brand [Member], Gross Sales [Member])	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Percentage of sales by brand	100.00%	100.00%	100.00%	100.00%
Tritton [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	44.00%	46.00%	39.00%	42.00%
Mad Catz [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	34.00%	42.00%	34.00%	45.00%
Saitek [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	17.00%	11.00%	18.00%	12.00%
All others [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	5.00%	1.00%	9.00%	1.00%

Subsequent_Event_Footnote_Addi

Subsequent Event Footnote - Additional Information (Detail) (USD $)	9 Months Ended	0 Months Ended
	Dec. 31, 2014	Feb. 02, 2015
Subsequent Event [Line Items]
Credit facility maximum borrowing capacity	$25,000,000
Credit facility expiry date	31-Oct-15
Line of credit facility, covenant terms	The Company is required to meet a monthly financial covenant based on a trailing twelve monthsb Adjusted EBITDA, as defined. The Companybs trailing twelve monthsb Adjusted EBITDA as of December 31, 2014 was lower than the required threshold and, accordingly, the Company was not in compliance with this covenant as of December 31, 2014. On February 2, 2015, the Company received a waiver of the covenant default from Wells Fargo and entered into an amendment to the Credit Facility that modifies the trailing twelve monthsb Adjusted EBITDA covenant, as defined, from January 2015 through June 2015.
Subsequent events [Member]
Subsequent Event [Line Items]
Agreement amended date		2-Feb-15