Mad Catz Interactive (MCZAF) 10-K 25 Jun 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2015	Jun. 18, 2015	Sep. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	MCZ
Entity Registrant Name	MAD CATZ INTERACTIVE INC
Entity Central Index Key	1,088,162
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		73,469,571
Entity Public Float			$ 25,150,631

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Current assets:
Cash	$ 5,142	$ 1,496
Accounts receivable, net of allowances of $4,032 and $6,359 at March 31, 2015 and 2014, respectively	7,823	8,059
Other receivables	560	1,531
Inventories	15,479	17,189
Deferred tax assets	2,245	926
Income taxes receivable	967	895
Prepaid expenses and other current assets	1,293	1,605
Total current assets	33,509	31,701
Deferred tax assets	7,605	1,334
Other assets	418	499
Property and equipment, net	3,376	2,737
Intangible assets, net	2,584	3,022
Total assets	47,492	39,293
Current liabilities:
Bank loan	7,920	5,612
Accounts payable	16,404	13,661
Accrued liabilities	4,196	4,874
Notes payable	1,015	1,336
Income taxes payable	141	330
Total current liabilities	29,676	25,813
Notes payable, less current portion	36	1,023
Warrant liabilities	1,187	75
Deferred tax liabilities	43	178
Deferred rent	762	78
Total liabilities	$ 31,704	$ 27,167
Commitments and contingencies
Shareholders' equity:
Common stock, no par value, unlimited shares authorized; 73,469,571 and 63,931,506 shares issued and outstanding at March 31, 2015 and 2014, respectively	$ 63,128	$ 60,847
Accumulated other comprehensive loss	(5,123)	(1,757)
Accumulated deficit	(42,217)	(46,964)
Total shareholders' equity	15,788	12,126
Total liabilities and shareholders' equity	$ 47,492	$ 39,293

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands, None in scaling factor is -9223372036854775296		Mar. 31, 2015	Mar. 31, 2014
Statement of Financial Position [Abstract]
Allowance for accounts receivable		$ 4,032	$ 6,359
Common stock, par value
Common stock, shares authorized	[1]
Common stock, shares issued		73,469,571	63,931,506
Common stock, shares outstanding		73,469,571	63,931,506
[1]	unlimited

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]
Net sales	$ 86,223	$ 89,629	$ 122,664
Cost of sales	62,379	66,731	88,148
Gross profit	23,844	22,898	34,516
Operating expenses:
Sales and marketing	11,253	12,656	15,397
General and administrative	10,802	11,649	11,941
Research and development	2,995	4,238	4,205
Acquisition related items		134	1,088
Amortization of intangible assets	437	743	933
Goodwill impairment			10,468
Total operating expenses	25,487	29,420	44,032
Operating loss	(1,643)	(6,522)	(9,516)
Other (expense) income:
Interest expense, net	(775)	(659)	(894)
Foreign exchange (loss) gain, net	(784)	(870)	615
Change in fair value of warrant liabilities	598	74	544
Other income	172	142	87
Total other (expense) income	(789)	(1,313)	352
Loss before income taxes	(2,432)	(7,835)	(9,164)
Income tax benefit (expense)	7,179	394	(2,036)
Net income (loss)	$ 4,747	$ (7,441)	$ (11,200)
Net income (loss) per share:
Basic	$ 0.07	$ (0.12)	$ (0.18)
Diluted	$ 0.07	$ (0.12)	$ (0.18)
Shares used in per share computations:
Basic	64,350,893	63,757,395	63,471,235
Diluted	64,776,699	63,757,395	63,471,235

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 4,747	$ (7,441)	$ (11,200)
Foreign currency translation adjustments	(3,366)	1,944	(2,083)
Comprehensive income (loss)	$ 1,381	$ (5,497)	$ (13,283)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]
Balance at Mar. 31, 2012	$ 29,491	$ 59,432	$ (1,618)	$ (28,323)
Balance, Shares at Mar. 31, 2012		63,462,399
Stock option exercises	7	$ 7
Stock option exercises, Shares		15,000
Stock-based compensation	663	$ 663
Net income (loss)	(11,200)			(11,200)
Other comprehensive income (loss)	(2,083)		(2,083)
Balance at Mar. 31, 2013	16,878	$ 60,102	(3,701)	(39,523)
Balance, Shares at Mar. 31, 2013		63,477,399
Stock option exercises	188	$ 188
Stock option exercises, Shares		454,107
Stock-based compensation	557	$ 557
Net income (loss)	(7,441)			(7,441)
Other comprehensive income (loss)	1,944		1,944
Balance at Mar. 31, 2014	12,126	$ 60,847	(1,757)	(46,964)
Balance, Shares at Mar. 31, 2014		63,931,506
Issuance of common stock in connection with securities purchase agreement, net of issuance costs and fair value of warrants	1,525	$ 1,525
Issuance of common stock in connection with securities purchase agreement, net of issuance costs and fair value of warrants, Shares		8,980,773
Stock option exercises	236	$ 236
Stock option exercises, Shares		557,292
Stock-based compensation	520	$ 520
Net income (loss)	4,747			4,747
Other comprehensive income (loss)	(3,366)		(3,366)
Balance at Mar. 31, 2015	$ 15,788	$ 63,128	$ (5,123)	$ (42,217)
Balance, Shares at Mar. 31, 2015		73,469,571

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net income (loss)	$ 4,747	$ (7,441)	$ (11,200)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,050	2,568	3,022
Accrued and unpaid interest expense on note payable	10	11
Amortization of deferred financing fees	87	39	7
(Gain) loss on disposal of assets	(73)	79	72
Stock-based compensation	520	557	663
Change in fair value of contingent consideration		(729)	475
Change in fair value of warrant liabilities	(598)	(74)	(544)
Goodwill impairment			10,468
(Benefit) provision for deferred income taxes	(8,039)	(1,607)	188
Changes in operating assets and liabilities:
Accounts receivable	141	6,406	1,221
Other receivables	582	(142)	(200)
Inventories	1,024	7,265	7,640
Prepaid expenses and other current assets	187	1,216	207
Other assets	47	(153)	346
Accounts payable	1,627	(1,890)	(2,367)
Accrued liabilities	(1,131)	(1,601)	220
Deferred rent	410
Income taxes receivable/payable	(119)	(417)	(28)
Net cash provided by operating activities	1,472	4,087	10,190
Cash flows from investing activities:
Purchases of property and equipment	(2,067)	(1,461)	(1,046)
Purchases of intangible assets		(80)
Net cash used in investing activities	(2,067)	(1,541)	(1,046)
Cash flows from financing activities:
Borrowings on bank loan	65,442	69,810	90,640
Repayments on bank loan	(63,134)	(73,086)	(98,406)
Payment of financing fees	(85)	(40)
Repayments on notes payable	(1,434)
Proceeds from issuance of common stock	3,399
Proceeds from exercise of stock options	236	188	7
Payment of contingent consideration		(787)	(980)
Net cash provided by (used in) financing activities	4,424	(3,915)	(8,739)
Effects of foreign currency exchange rate changes on cash	(183)	92	(106)
Net increase (decrease) in cash	3,646	(1,277)	299
Cash, beginning of year	1,496	2,773	2,474
Cash, end of year	5,142	1,496	2,773
Supplemental cash flow information:
Income taxes paid	870	1,656	2,979
Interest paid	671	532	$ 777
Supplemental disclosures of noncash investing and financing activities:
Conversion of contingent consideration to note payable		$ 2,348
Fair value of warrants issued	$ 1,710

Organization and Description of

Organization and Description of Business	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Organization and Description of Business	(1) Organization and Description of Business 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 in including in-home gaming consoles, handheld gaming consoles, 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements include the accounts of Mad Catz Interactive, Inc. and its wholly-owned subsidiaries, collectively, the Company. All intercompany transactions and balances have been eliminated in consolidation. The Company refers to its fiscal years based on the fiscal year ending date. For instance, fiscal year 2015 refers to the fiscal year ending March 31, 2015. All currency amounts are presented in U.S. dollars. 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. Borrowings under the Credit Facility are secured by a first priority interest in the inventories, equipment, and accounts receivable of certain of our subsidiaries and by a pledge of all of the capital stock of our subsidiaries. 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 March 31, 2015 and April 30, 2015 was lower than the required threshold and, accordingly, the Company was not in compliance with this covenant as of March 31, 2015 and April 30, 2015. On June 23, 2015, the Company received a waiver of the covenant violations from Wells Fargo and entered into an amendment to the Credit Facility that extends the expiration of the credit facility to July 31, 2016 and modifies the trailing twelve months’ Adjusted EBITDA covenant, as defined, from June 2015 through June 2016. The Company depends upon the availability of capital under the Credit Facility to finance operations. Compliance with the Adjusted EBITDA covenants in fiscal 2016, which are tied closely to our internal forecasts and include significant contributions from anticipated sales of products related to the Rock Band 4 video game, depends on the Company’s ability to increase net sales and gross profit considerably. Also, the Company operates in a rapidly evolving and often unpredictable business environment that may change the timing or amount of expected future sales and expenses. If the Company is unable to comply with the revised Adjusted EBITDA covenants contained in the Credit Facility, Wells Fargo could declare the outstanding borrowings under the facility immediately due and payable. If the Company needs to obtain additional funds as a result of the termination of the Credit Facility or the acceleration of amounts due thereunder, there can be no assurance that alternative financing can be obtained on substantially similar or acceptable terms, or at all. The Company’s failure to promptly obtain alternate financing could limit our ability to implement our business plan and have an immediate, severe and adverse impact on our business, results of operations, financial condition and liquidity. In the event that no alternative financing is available, the Company would be forced to drastically curtail operations, or dispose of assets, or cease operations altogether. These uncertainties raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the year. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventory, contingencies and litigation, valuation and recognition of share-based payments, warrant liabilities and income taxes. As future events and their effects cannot be determined with precision, actual results could differ from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Actual results could differ from those estimates. Concentration of Credit Risk The Company’s credit risk is primarily concentrated in accounts receivable. The Company generally does not require collateral on accounts receivable because a majority of its customers are large, well-capitalized, established retail entities with operations throughout the United States, Canada and Europe. The Company maintains an allowance for doubtful accounts. For the year ended March 31, 2015, sales to the largest customer constituted 14% of gross sales and sales to the second largest customer constituted 10% of gross sales. For the year ended March 31, 2014, sales to the largest customer constituted 13% of gross sales and sales to the second largest customer constituted 11% of gross sales. For the year ended March 31, 2013, sales to the largest customer constituted 17% of gross sales. At March 31, 2015, two customers represented 14%, each, of accounts receivable and another customer represented 11% of accounts receivable. At March 31, 2014, one customer represented 15% of accounts receivable. For the years ended March 31, 2015, 2014 and 2013, there were no other customers which accounted for greater than 10% of gross sales and at March 31, 2015 and 2014, there were no other customers which represented greater than 10% of accounts receivable. Fair Value of Financial Instruments and 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 using an effective interest rate of 5.25%, which approximates the interest rate on the Company’s bank loan. Fair value measurements are market-based measurements, not entity-specific measurements. Therefore, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability. The Company follows a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below: Ÿ Level 1: Quoted prices in active markets for identical assets or liabilities. Ÿ Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Ÿ Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable in active markets. The following table provides a summary of the recognized assets and liabilities carried at fair value on a recurring basis (in thousands): Balance as of Basis of Fair Value Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 10) $ (1,187 ) $ — $ — $ (1,187 ) Balance as of Basis of Fair Value Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 10) $ (75 ) $ — $ — $ (75 ) The following tables provide a roll forward of the Company’s level three fair value measurements, which consist of the Company’s warrant liabilities, during the three years ended March 31, 2015 (in thousands): Warrant liabilities: Balance at March 31, 2012 $ (693 ) Change in fair value of warrant liabilities 544 Balance at March 31, 2013 $ (149 ) Change in fair value of warrant liabilities 74 Balance at March 31, 2014 $ (75 ) Securities purchase agreement (1,710 ) Change in fair value of warrant liabilities 598 Balance at March 31, 2015 $ (1,187 ) Revenue Recognition The Company recognizes revenue when (1) there is persuasive evidence that an arrangement with the customer exists, which is generally a customer purchase order, (2) the products are delivered, which occurs when the products are shipped and risk of loss has been transferred to the customer, (3) the selling price is fixed or determinable and (4) collection of the customer receivable is deemed reasonably assured. The Company’s payment arrangements with customers typically provide net 30- and 60-day terms. All of the Company’s arrangements are single element arrangements and there are no undelivered elements after the point of shipment. Amounts billed to customers for shipping and handling are included in net sales, and costs incurred related to shipping and handling is included in cost of sales. The Company excludes sales and other taxes collected from customers from net sales. Allowance for Doubtful Accounts and Other Allowances Accounts receivable are recorded net of an allowance for doubtful accounts and other sales related allowances. When evaluating the adequacy of the allowance for doubtful accounts, the Company analyzes known uncollectible accounts, the aging of accounts receivable, historical bad debts, customer credit-worthiness and current economic trends. The Company performs ongoing credit evaluations of its customers, and generally does not require collateral on its accounts receivable. The Company estimates the need for allowances for potential credit losses based on historical collection activity and the facts and circumstances relevant to specific customers and records a provision for uncollectible accounts when collection is uncertain. To date, the Company has not experienced significant credit related losses. The Company records allowances for customer marketing programs, including certain rights of return, price protection, volume-based cash incentives and cooperative advertising. The estimated cost of these programs is accrued as a reduction to revenue when they are customer payments or incentives, or as an operating expense when they represent shared marketing expenses in the period the Company sells the product or commits to the program. Such amounts are estimated, based on historical experience and contractual terms, and periodically adjusted based on historical and anticipated rates of returns, inventory levels and other factors. Inventories Raw materials, packaging materials and accessories are valued at the lower of cost, determined by the first-in, first-out method, or market. Finished goods are valued at the lower of cost or market, with cost being determined on an average cost basis. The Company regularly reviews inventory quantities on hand and in the retail channel, consumer demand and seasonality factors in order to recognize any loss of utility in the period incurred. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Property and equipment are depreciated or amortized using the straight-line method over the estimated useful lives of the assets as follows: Molds 3 years Computer equipment and software 3 years Manufacturing and office equipment 3 - 5 years Furniture and fixtures 5 - 6 years Leasehold improvements Shorter of estimated useful life or remaining life of lease Major improvements and betterments are capitalized. Intangible Assets Intangible assets are stated at cost less accumulated amortization and are amortized over the estimated useful lives of the assets on a straight-line basis. The range of useful lives is as follows: Useful Life Trademarks 6 - 15 Customer relationships 6 - 8 Impairment of Long-Lived Assets Long-lived assets, such as property and equipment and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a disposal group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet. The Company did not record impairment of long-lived assets in fiscal years 2015, 2014 and 2013. Royalties and Intellectual Property Licenses Royalty and license expenses consist of royalties and license fees paid to intellectual property rights holders for use of their trademarks, copyrights, software, technology or other intellectual property or proprietary rights in the development or sale of the Company’s products. Royalty-based payments that are paid in advance are generally capitalized and expensed to cost of sales at the greater of the contractual or effective royalty rate based on net product sales. Advertising Advertising costs which totaled $2,132,000, $2,575,000, and $3,513,000 for the years ended March 31, 2015, 2014 and 2013, respectively, are expensed as incurred. Cooperative advertising with retailers is recorded when revenue is recognized and such amounts are included in sales and marketing expense if there is a separate identifiable benefit with a fair value. Otherwise, such costs are recognized as a reduction of sales. Research and Development Research and development costs, which totaled $2,995,000, $4,238,000 and $4,205,000 for the years ended March 31, 2015, 2014 and 2013, respectively, are expensed as incurred. Income Taxes Income taxes are accounted for using the asset and liability method. Under the asset and liability method of accounting for income taxes, deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. To the extent that it is not “more likely than not” that a deferred tax asset will be realized, a valuation allowance is provided. Significant management judgment is required in assessing the ability to realize the Company’s deferred tax assets. In performing this assessment, management considers whether it is more likely than not that some portion or all of the assets will not be realized. The ultimate realization of deferred tax assets is dependent upon generation of future taxable income in each tax jurisdiction during the periods in which the temporary differences become deductible. Management considers the scheduled reversal of deferred liabilities, projected future taxable income, and tax planning strategies in making this assessment. Foreign Currency Translation For each of the Company’s foreign operating subsidiaries the functional currency is its local currency. Assets and liabilities of foreign operations are translated into U.S. dollars using month-end exchange rates, and revenue and expenses are translated into U.S. dollars using monthly average exchange rates. The effects of foreign currency translation adjustments are included as a component of accumulated other comprehensive loss in shareholders’ equity. Foreign currency transaction gains and losses are a result of the effect of exchange rate changes on transactions denominated in currencies other than the functional currency. Net Income (Loss) per Share Basic net income (loss) per share is computed 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 is computed by dividing net income (loss) for the period by the weighted average number of common shares outstanding, increased by potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method and represent incremental shares issuable upon exercise of outstanding stock options and warrants. However, potentially dilutive securities are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive. As a result, the denominator for diluted loss per share is the same as the weighted average common shares in periods when a net loss is reported. The following table sets forth the computation of diluted weighted average common and potential common shares outstanding for the years ended March 31, 2015, 2014 and 2013 (in thousands, except share and per share amounts): Years Ended March 31, 2015 2014 2013 Numerator: Net income (loss) $ 4,747 $ (7,441 ) $ (11,200 ) Denominator: Weighted average common shares 64,350,893 63,757,395 63,471,235 Effect of dilutive share-based awards 425,806 — — Denominator for diluted net income (loss) per share 64,776,699 63,757,395 63,471,235 Income (loss) per share: Basic $ 0.07 $ (0.12 ) $ (0.18 ) Diluted $ 0.07 $ (0.12 ) $ (0.18 ) Anti-dilutive securities excluded from the computation of diluted income (loss) per share: Outstanding options 7,034,897 7,644,948 8,832,288 Outstanding warrants 2,639,337 2,540,918 2,540,918 Stock-Based Compensation The Company records compensation expense associated with stock-based awards made to employees and directors based upon their grant date fair value. The Company recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is four years, except for grants to Board of Directors, which vest in one year. The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model, using the assumptions noted in Note 8 — Stock-Based Compensation. The expected life of the options is based on a number of factors, including historical exercise experience, the vesting term of the award, and the expected volatility of the Company’s stock. The expected volatility is estimated based on the historical volatility (using daily pricing) of the Company’s stock. The risk-free interest rate is determined based on a constant U.S. Treasury security rate with a contractual life that approximates the expected term of the stock options. The Company reduces the calculated stock-based compensation expense for estimated forfeitures by applying a forfeiture rate, based upon historical pre-vesting option cancelations. Estimated forfeitures are reassessed at each balance sheet date and may change based on new facts and circumstances. See Note 8 — Stock-Based Compensation for additional information regarding the Company’s stock-based compensation plans. Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and certain changes in equity that are excluded from net income (loss). Accumulated other comprehensive loss represents net unrealized gains and losses from foreign currency translation adjustments. Recently Issued Accounting Standards In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, Interest — Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendment is effective for annual reporting periods beginning after December 15, 2015 and interim periods within those annual periods with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In May 2014, the FASB issued 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.

Note Payable

Note Payable	12 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Note Payable	(3) Note Payable In May 2010, the Company acquired all of the outstanding stock of Tritton Technologies Inc. (“Tritton”) for $1,400,000 cash, subject to a working capital adjustment, and contingent consideration based on a percentage of future sales of Tritton products over a five-year period, subject to maximum annual amounts, up to an aggregate of $8,700,000. Through May 2013, the Company paid $4,788,000 for the first three years of the five-year contingent period. In February 2014, the Company and individuals who held approximately 99% of Tritton prior to the purchase (the “Sellers”) entered into a Settlement and Release Agreement (the “Settlement Agreement”). Under the Settlement Agreement, the Company agreed to issue to the Sellers a Promissory Note (the “Note Payable”) providing for payments to the Sellers in an aggregate amount equal to $2,475,000 over a two-year period commencing in May 2014, which replaced the final two years of contingent consideration. As of March 31, 2015, the liability for contingent consideration is $0 and the present value of the Note Payable is $1,023,000, with an effective interest rate of 5.25%.

Inventories

Inventories	12 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventories	(4) Inventories Inventories consist of the following (in thousands): March 31, 2015 2014 Raw materials $ 735 $ 1,032 Finished goods 14,744 16,157 $ 15,479 $ 17,189 The amount of inventory pledged as debt obligation collateral totaled $13,665,000 at March 31, 2015.

Property and Equipment

Property and Equipment	12 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	(5) Property and Equipment Property and equipment, net, consist of the following (in thousands): March 31, 2015 2014 Molds $ 9,503 $ 8,707 Computer equipment and software 2,112 2,529 Manufacturing and office equipment 1,701 1,376 Furniture and fixtures 478 518 Leasehold improvements 1,052 984 14,846 14,114 Less: Accumulated depreciation and amortization (11,470 ) (11,377 ) $ 3,376 $ 2,737 Depreciation expense related to property and equipment totaled $1,524,000, $1,825,000, and $2,089,000 for the years ended March 31, 2015, 2014 and 2013, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	(6) Intangible Assets Acquired intangible assets, net, consist of the following (in thousands): March 31, 2015 March 31, 2014 Cost Accumulated Net Book Cost Accumulated Net Book Trademarks $ 3,984 $ 1,756 $ 2,228 $ 4,154 $ 1,601 $ 2,553 Customer relationships 900 544 356 3,852 3,383 469 Intangible assets $ 4,884 $ 2,300 $ 2,584 $ 8,006 $ 4,984 $ 3,022 Amortization of intangible assets was approximately $437,000, $743,000 and $933,000 in fiscal 2015, 2014 and 2013, respectively. As of March 31, 2015, the future estimated amortization expense for these acquired intangible assets for the next five years and thereafter is expected to be as follows (in thousands): Years ending March 31: 2016 $ 437 2017 437 2018 438 2019 344 2020 325 Thereafter 603 $ 2,584

Bank Loan

Bank Loan	12 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Bank Loan	(7) Bank Loan 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. Under the line of credit, interest accrues on the daily outstanding balance at an interest rate that ranges from U.S. prime rate plus 0.50% to U.S. prime rate plus 2.0% per annum or, at the Company’s option, LIBOR plus 2.50% to 3.50% with a LIBOR floor of 1.50%. At both March 31, 2015 and 2014, the interest rate was 5.25%. The Company is also required to pay a monthly service fee of $1,500 and an unused line fee equal to 0.25% of the unused portion of the loan. Borrowings under the Credit Facility are secured by a first priority interest in the inventories, equipment, and accounts receivable of certain of our subsidiaries and by a pledge of all of the capital stock of our subsidiaries. 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 March 31, 2015 and April 30, 2015 was lower than the required threshold and, accordingly, the Company was not in compliance with this covenant as of March 31, 2015 and April 30, 2015. On June 23, 2015, the Company received a waiver of the covenant default from Wells Fargo and entered into an amendment to the Credit Facility that extends the expiration of the credit facility to July 31, 2016 and modifies the trailing twelve months’ Adjusted EBITDA covenant, as defined, from April 2015 through June 2016. However, there can be no assurance that the Company will be able to meet the covenants subsequent to March 31, 2015 or that the Company would be able to obtain waivers from Wells Fargo to the extent we are not in compliance with the covenants.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(8) Stock-Based Compensation The Company’s Stock Option Plan (the “2007 Plan”) allows the Company to grant options to purchase common stock to employees, officers and directors up to a maximum of 10,300,000 shares of common stock. Options granted under the 2007 Plan expire ten years from the date of grant and generally vest over a period of four years, with the first 25% vesting on the one-year anniversary of the grant date and the remainder vesting monthly over the remaining 36 months. At March 31, 2015, a total of 252,918 shares were available for future grant under the 2007 Plan. A summary of option activity is presented as follows: Years Ended March 31, 2015 2014 2013 Options Weighted Options Weighted Options Weighted Outstanding, beginning of year 7,199,982 $ 0.66 9,364,744 $ 0.66 7,951,463 $ 0.66 Granted 1,875,000 0.56 362,054 0.50 1,500,000 0.67 Exercised (557,292 ) 0.42 (454,107 ) 0.41 (15,000 ) 0.47 Expired/canceled (575,879 ) 0.88 (2,072,709 ) 0.89 (71,719 ) 0.49 Outstanding, end of year 7,941,811 $ 0.64 7,199,982 $ 0.66 9,364,744 $ 0.66 Exercisable, end of year 5,368,481 $ 0.66 5,542,304 $ 0.65 6,320,370 $ 0.61 Vested and expected to vest, end of year 7,718,407 $ 0.64 6,716,143 $ 0.66 8,812,244 $ 0.66 As of March 31, 2015, the aggregate intrinsic value of options outstanding was $13,000 and the weighted average remaining contractual term of these options was 6.3 years; the aggregate intrinsic value of options exercisable was $13,000, and the remaining weighted average contractual term of these options was 5.1 years. The aggregate intrinsic value of options exercised in fiscal years 2015, 2014 and 2013 was $72,000, $101,000 and $3,000, respectively. As of March 31, 2015, the total unrecognized compensation cost related to unvested options was $839,000, which is expected to be recognized over a weighted-average period of 2.0 years. The weighted average per share fair value of the options granted during the years ended March 31, 2015, 2014 and 2013 were $0.34, $0.35 and $0.47, respectively. The Company estimated the fair value of each stock option grant on the date of grant using the Black-Scholes model with the following assumptions for the years ended March 31, 2015, 2014 and 2013: Years Ended March 31, 2015 2014 2013 Assumptions: Expected volatility 76% - 77% 84% - 90% 92% Risk-free interest rate 1.53% - 1.78% 0.68% - 1.72% 0.71% Dividend yield — — — Expected term 5 years 5 - 7 years 5 years The Company’s net income for the year ended March 31, 2015, and net loss for the years ended 2014 and 2013 has been (decreased) increased by stock-based compensation expense, net of taxes, of approximately ($365,000), $485,000 and $481,000, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	(9) Income Taxes The components of loss before income taxes and income tax (benefit) expense are summarized as follows (in thousands): Years Ended March 31, 2015 2014 2013 Loss before income taxes: Domestic (U.S.) $ 744 $ (4,324 ) $ (8,711 ) Foreign (3,176 ) (3,511 ) (453 ) $ (2,432 ) $ (7,835 ) $ (9,164 ) Income tax (benefit) expense: Current: Federal (U.S.) $ — $ — $ — State (U.S.) (33 ) 55 (33 ) Foreign 611 527 1,881 578 582 1,848 Deferred: Federal (U.S.) (6,667 ) — — State (U.S.) (2,088 ) — — Foreign 998 (976 ) 188 (7,757 ) (976 ) 188 Income tax (benefit) expense $ (7,179 ) $ (394 ) $ 2,036 The following schedule reconciles the difference between reported income tax (benefit) expense and the amount computed by multiplying loss before income taxes by the Company’s applicable Canadian statutory tax rate of approximately 26.5% (in thousands): Years Ended March 31, 2015 2014 2013 Income tax benefit using the Company’s Canadian statutory tax rates $ (645 ) $ (2,076 ) $ (2,428 ) Income taxed in jurisdictions other than Canada 1,172 (405 ) (1,715 ) Prior year true-up 841 181 (219 ) Change in valuation allowance (8,538 ) 1,572 2,987 Goodwill impairment — — 2,827 Other tax increases due to nondeductible expenses 120 126 489 Gain on change in fair value of warrant liabilities (152 ) (9 ) (141 ) Tax rate changes 0 189 64 Other 23 28 172 Income tax (benefit) expense $ (7,179 ) $ (394 ) $ 2,036 Effective tax rate 295.2 % 5.0 % (22.2 )% The sources of significant temporary differences that give rise to the deferred tax assets and liabilities are as follows (in thousands): March 31, 2015 2014 Deferred tax assets: Tax loss carryforwards $ 15,186 $ 16,583 Difference between book and tax basis of inventories 645 835 Difference between book and tax basis of accounts receivables 313 322 Deferred fees not currently deductible 163 147 Accruals and reserves not currently deductible 710 652 Difference between book and tax basis of intangible assets, property & equipment 825 978 Unclaimed depreciation on property and equipment 124 204 Goodwill and intangibles 683 842 Unclaimed scientific research expenditures 166 190 Foreign tax credits 1,553 1,615 Other 194 175 20,562 22,543 Less valuation allowance (9,157 ) (18,730 ) $ 11,405 $ 3,813 Deferred tax liabilities: Federal liability on state tax loss $ 702 $ 699 Prepaid liabilities 58 46 Intangibles 838 986 $ 1,598 $ 1,731 Net deferred tax assets $ 9,807 $ 2,082 In assessing the ability to realize the deferred tax assets, management considers whether it is more likely than not that some portion or all of the assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in each tax jurisdiction during the periods in which temporary differences in those jurisdictions become deductible. Management considers the scheduled reversal of deferred liabilities, projected future taxable income, and tax planning strategies in making this assessment. The valuation allowance is based on our assessment that it is more likely than not that certain deferred tax assets will not be realized in the foreseeable future in each tax jurisdiction. In fiscal year 2015, we consolidated our research and development facilities away from the United States resulting in the transfer of risks associated with certain intellectual property to our Hong Kong subsidiary. As a result, we conducted a transfer pricing study to reflect the responsibilities, functions, and risks of our subsidiaries, which was completed during the fourth quarter of fiscal 2015, and accordingly, revised our transfer pricing policies to reflect changes in the business and the results of the study. As a result of the revised transfer pricing policies and an analysis of the timing of reversals and expirations of our temporary differences, the Company determined that it is more likely than not that a portion of the deferred tax assets in the U.S. will be realized and, accordingly, released $8.8 million of the valuation allowance against those deferred tax assets. The Company continues to record a valuation allowance of $1.2M against US deferred tax assets related to tax attributes that will expire prior to utilization. However, the revised transfer pricing policies also created uncertainties regarding the realization of the Company’s net deferred tax assets in Hong Kong due to the uncertainty over future profitability as well as the fact that the Company has a three-year cumulative book pre-tax loss position in Hong Kong. As a result, the Company has established a valuation allowance of $1.5 million against its Hong Kong deferred tax assets. Additionally, the Company continues to record a valuation allowance against certain other foreign deferred tax assets including a full valuation allowance against the deferred tax assets of the Company’s Canadian holding company, Mad Catz Interactive, Inc. (“MCII”). The Company believes there is insufficient evidence to conclude that realization of the benefit is more likely than not and, therefore, the Company continues to record a valuation allowance on these assets. MCII is a corporate entity, which has no revenue or other income, and incurs corporate-related expenses. Taxable losses are incurred each year and MCII has a history of operating losses. These circumstances are not anticipated to change and, therefore, the Company does not expect MCII to generate sufficient taxable income in the foreseeable future to enable the entity to utilize its tax loss carryforwards. The Company will continue to evaluate the ability to realize its deferred tax asset on an ongoing basis to identify whether any significant changes in circumstances or assumptions have occurred that could materially affect the ability to realize its deferred tax assets. The following schedule represents the Company’s net operating loss carryforwards as of March 31, 2015 and the year they start to expire (in thousands): Amount Year Start to United States Federal $ 16,210 2022(a) California State 23,342 2016(a) Canada 10,382 2015 Hong Kong 9,466 No expiration United Kingdom 7,308 No expiration France 2,984 No expiration Japan 497 2021 (a) The Internal Revenue Code (the “Code”) limits the future availability of net operating loss and tax credit carryforwards that arose prior to certain cumulative changes in a corporation’s ownership resulting in a change of control. As a result of an acquisition in 2007, the Company acquired federal and state net operating loss carryforwards of approximately $2.8 million and $3.6 million, respectively, which are subject to an annual limitation based on the ownership change. The Company also has net capital loss carryforwards in Canada of $2.5 million, which are available indefinitely to offset taxable capital gains. The Company does not record deferred income taxes on the approximate $37.5 million of undistributed earnings of its non-Canadian subsidiaries based upon the Company’s intention to permanently reinvest undistributed earnings. The Company may be subject to income and withholding taxes if earnings of the non-Canadian subsidiaries were distributed. Considering tax loss carry forwards in Canada and the related valuation allowance, the deferred tax liability on the Company’s undistributed earnings would be no more than $2.4 million at March 31, 2015. There were no unrecognized tax benefits at March 31, 2015 and 2014, and the Company does not foresee any material changes to unrecognized tax benefits within the next twelve months. The Company’s policy is to recognize interest and penalties related to unrecognized tax benefits, if applicable, in income tax expense. The Company is subject to taxation in the U.S. and various states and foreign jurisdictions. The Company’s historical tax years are subject to examination by the Internal Revenue Service and various state jurisdictions for fiscal years ended March 31, 2012 to the present. With few exceptions, the Company is no longer subject to foreign examinations by tax authorities for fiscal years ended before March 31, 2011. In certain of the Company’s foreign subsidiaries, all of historical tax years are subject to examination by various foreign tax authorities due to the generation of net operating losses.

Securities Purchase Agreements

Securities Purchase Agreements	12 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Securities Purchase Agreements	(10) Securities Purchase Agreements 2015 Securities Purchase Agreement On March 24, 2015, the Company entered into a Securities Purchase Agreement (the “2015 Securities Purchase Agreement”) with certain accredited investors, pursuant to which the Company sold (a) an aggregate of 8,980,773 shares of its common stock (the “2015 Shares”) and (b) warrants to purchase an aggregate of 4,490,387 shares of common stock of the Company (“2015 Warrants” and, together with the 2015 Shares, the “2015 Securities”). The 2015 Securities were issued at a price equal to $0.41 per share for aggregate gross proceeds of approximately $3,682,000. The 2015 Warrants become exercisable on September 24, 2015 at a per share exercise price equal to $0.61 and expire on September 24, 2020. The 2015 Warrants are subject to limitation on exercise if the Holder or its affiliates would beneficially own more than 9.99%/4.99% of the total number of the Company’s shares of common stock following such exercise. The 2015 Warrants also provide that in the event of a Company Controlled Fundamental Transaction (as defined in the 2015 Warrants), the Company may, at the election of the 2015 Warrant holder, be required to redeem all or a portion of the 2015 Warrants for cash in an amount equal to the Black-Scholes Option Pricing Model value. As a result of this cash settlement provision, the 2015 Warrants are classified as liabilities. The fair value of the 2015 Warrants decreased from $1,710,388 as of the initial valuation date to $1,171,991 as of March 31, 2015, which resulted in a $538,000 gain from the change in fair value of warrants for the year ended March 31, 2015. The 2015 Warrants are not traded in an active securities market, and as such, the Company estimates the fair value of the of the warrant liability using the Black-Scholes option pricing model using the following assumptions: March 31, 2015 Expected term 5.5 years Common stock market price $ 0.37 Risk-free interest rate 1.46 % Volatility 100 % Volatility is prescribed in the agreement as the greater of 100% or the expected volatility. Expected volatility is based primarily on historical volatility. Historical volatility was computed using daily pricing observations for recent periods that correspond to the expected term of the 2015 Warrants. The Company believes this method produces an estimate that is representative of the Company’s expectations of future volatility over the expected term of the 2015 Warrants. The Company currently has no reason to believe future volatility over the expected remaining life of the 2015 Warrants is likely to differ materially from historical volatility. The expected life is based on the remaining contractual term of the 2015 Warrants. The risk-free interest rate is the interest rate for treasury constant maturity instruments published by the Federal Reserve Board that is closest to the expected term of the 2015 Warrants. Fluctuations in the fair value of the 2015 Warrants are impacted by unobservable inputs, most significantly the Company’s common stock market price. Significant increases (decreases) in this input in isolation would result in a significantly higher (lower) fair value measurement. 2011 Securities Purchase Agreement In April 2011, the Company entered into a Securities Purchase Agreement (the “2011 Securities Purchase Agreement”) with certain accredited investors, pursuant to which the Company sold (a) an aggregate of 6,352,293 shares of its common stock (the “2011 Shares”) and (b) warrants to purchase an aggregate of 2,540,918 shares of common stock of the Company (“2011 Warrants” and, together with the 2011 Shares, the “2011 Securities”). The 2011 Securities were issued at a price equal to $1.92 per share for aggregate gross proceeds of approximately $12,196,000. The 2011 Warrants became exercisable on October 21, 2011 at a per share exercise price equal to $2.56 and expire on October 21, 2016. The Warrants contain provisions that adjust the exercise price in the event the Company pays stock dividends, effects stock splits or issues additional shares of common stock at a price per share less than the exercise price of the 2011 Warrants. The Company accounts for the 2011 Warrants with exercise price reset as liabilities carried at fair value, with changes in fair value included in net income (loss) until such time as the 2011 Warrants are exercised or expire. As a result of the March 2015 offering, described above, and pursuant to the terms of the 2011 Warrants, the exercise price of the 2011 Warrants was adjusted to $2.30 per share. The fair value of the 2011 Warrants decreased from $3,250,000 as of the initial valuation date to $693,000 as of March 31, 2012, which resulted in a $2,557,000 gain from the change in fair value of warrants for the year ended March 31, 2012. The fair value of the 2011 Warrants decreased from $693,000 as of March 31, 2012 to $149,000 as of March 31, 2013, which resulted in a $544,000 gain from the change in fair value of warrants for the year ended March 31, 2013. The fair value of the 2011 Warrants decreased from $149,000 as of March 31, 2013 to $75,000 as of March 31, 2014, which resulted in a $74,000 gain from the change in fair value of warrants for the year ended March 31, 2014. The fair value of the 2011 Warrants decreased from $75,000 as of March 31, 2014 to $15,000 as of March 31, 2015, which resulted in a $60,000 gain from the change in fair value of warrants for the year ended March 31, 2015. The 2011 Warrants are not traded in an active securities market, and as such, the Company estimates the fair value of the 2011 Warrants using the Black-Scholes option pricing model using the following assumptions: March 31, 2015 March 31, 2014 Expected term 1.5 years 2.5 years Common stock market price $ 0.37 $ 0.48 Risk-free interest rate 0.41 % 0.67 % Expected volatility 73.53 % 68.56 % Expected volatility is based primarily on historical volatility. Historical volatility was computed using daily pricing observations for recent periods that correspond to the expected term of the 2011 Warrants. The Company believes this method produces an estimate that is representative of the Company’s expectations of future volatility over the expected term of the 2011 Warrants. The Company currently has no reason to believe future volatility over the expected remaining life of the 2011 Warrants is likely to differ materially from historical volatility. The expected life is based on the remaining contractual term of the 2011 Warrants. The risk-free interest rate is the interest rate for treasury constant maturity instruments published by the Federal Reserve Board that is closest to the expected term of the 2011 Warrants. Fluctuations in the fair value of the 2011 Warrants are impacted by unobservable inputs, most significantly the Company’s common stock market price and the assumption with regards to future equity issuances and their impact to the down-round protection feature. Significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(11) Commitments and Contingencies Litigation On October 3, 2013, the Company filed a complaint for patent infringement styled Mad Catz Interactive, Inc. v. Razer USA, Ltd On March 11, 2014, the Better Mouse Company, LLC (“BMC”) filed a complaint against the Company and its subsidiary, Mad Catz, Inc., for patent infringement in the United States District Court for the Eastern District of Texas. The action is styled Better Mouse Company, LLC v. Steelseries Aps et al On November 21, 2014, Samsung Electronics Co., Ltd. and Samsung Austin Semiconductor, LLC (collectively, “Samsung”) filed a complaint against the Company (and numerous third parties, including Nvidia Corporation) for patent infringement in the United States International Trade Commission. The complaint is styled In the Matter of Certain Graphics Processing Chips, Systems on a Chip, and Products Containing the Same In addition to the foregoing matters, from time to time, the Company may become involved in various lawsuits and legal proceedings that arise in the ordinary course of business. Although claims, suits, investigations and proceedings are inherently uncertain and their results cannot be predicted with certainty, we believe that the resolution of any current pending matters will not have a material adverse effect on our business, financial condition, results of operations or liquidity. Leases The Company is obligated under certain non-cancelable operating leases, primarily for warehouses and office space. Rent expense for operating leases was approximately $1,881,000, $2,274,000 and $2,104,000 for the years ended March 31, 2015, 2014 and 2013, respectively. Annual future minimum rental payments required under operating leases as of March 31, 2015 are as follows (in thousands): Years ending March 31: 2016 $ 1,521 2017 1,466 2018 911 2019 681 Thereafter 692 $ 5,271 Royalty and License Agreements Royalty and license expenses consist of royalties and license fees paid to intellectual property rights holders for use of their trademarks, copyrights, software, technology or other intellectual property or proprietary rights in the development or sale of the Company’s products. The Company has royalty and license agreements to utilize trademarks, copyrights, software, technology or other intellectual property or proprietary rights in the development or sale of its products. Royalty and license expenses were $1,845,000, $3,294,000 and $6,319,000 for the years ended March 31, 2015, 2014 and 2013, respectively. Annual future minimum payments required under royalty and license agreements as of March 31, 2015 are as follows (in thousands): Years ending March 31: 2016 $ 16,322 2017 67 2018 57 2019 58 Thereafter — $ 16,504 Royalty commitments in fiscal year end 2016 primarily represent guaranteed minimum royalty payments associated with Rock Band 4. Employment Contracts The Company has employment contracts with five executive officers under which severance payments would become payable in the event of specified terminations without cause or terminations under certain circumstances associated with a change in control of the Company. If the termination occurs under certain circumstances associated with a change in control, in addition to the severance payments, vesting of stock-based compensation would accelerate upon termination. If severance payments under the current employment agreements were to become payable, the individual severance payments, as of March 31, 2015, would range from $291,000 to $847,000, and total severance payments for all five executive officers would be approximately $2,337,000. Indemnifications The Company has entered into separate indemnification agreements with our executive officers and with each of its directors. These agreements require the Company, among other requirements, to indemnify such officers and directors against expenses (including attorneys’ fees), judgments and settlements paid by such individuals in connection with any action arising out of such individuals’ status or service as executive officers or directors (subject to exceptions such as where the individuals failed to act in good faith or in a manner the individuals reasonably believed to be in or not opposed to the best interests of Mad Catz) and to advance expenses when such individuals may be entitled to indemnification by the Company. There are no pending legal proceedings that involve the indemnification of any executive officers or directors.

Employee Savings Plan

Employee Savings Plan	12 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Savings Plan	(12) Employee Savings Plan The Company has an employee savings plan in the U.S. that permits eligible participants to make contributions by salary reduction pursuant to section 401(k) of the Internal Revenue Code. The Company may make discretionary matches of employee contributions. During the years ended March 31, 2015, 2014 and 2013, the Company matched 50% of the first 8% of compensation that was contributed by each participating employee to the plan. The Company’s discretionary contributions to the plan were $126,000, $138,000 and $164,000 for the years ended March 31, 2015, 2014 and 2013, respectively.

Geographic and Product Line Dat

Geographic and Product Line Data	12 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Geographic and Product Line Data	(13) Geographic and Product Line Data The Company’s sales are attributed to the following geographic regions (in thousands): Years Ended March 31, 2015 2014 2013 Net sales: EMEA $ 46,247 $ 53,132 $ 61,960 Americas 27,897 28,470 51,316 APAC 12,079 8,027 9,388 $ 86,223 $ 89,629 $ 122,664 Revenue is attributed to geographic regions based on the location of the customer. The Company’s property and equipment, net, are attributed to the following geographic regions (in thousands): 2015 2014 Property and equipment, net: Americas $ 1,088 $ 417 EMEA 96 92 APAC 2,192 2,228 $ 3,376 $ 2,737 Our sales by platform were as follows: Years Ended March 31, 2015 2014 PC and Mac 46 % 45 % Universal 22 % 29 % Next gen consoles (a) 21 % 3 % Smart devices 7 % 2 % Legacy consoles (b) 4 % 19 % All others — % 2 % 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. Our sales by product category were as follows: Years Ended March 31, 2015 2014 Audio 42 % 47 % Specialty controllers 25 % 16 % Mice and Keyboards 23 % 29 % Controllers 6 % 1 % Accessories 3 % 5 % Games and other 1 % 2 % 100 % 100 % Our sales by brand were as follows: Years Ended March 31, 2014 2014 Tritton 39 % 42 % Mad Catz 34 % 41 % Saitek 19 % 12 % All others 8 % 5 % 100 % 100 %

Quarterly Financial and Market

Quarterly Financial and Market Information	12 Months Ended
	Mar. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial and Market Information	(14) Quarterly Financial and Market Information (Unaudited) Quarter Ended June 30 Sept. 30 Dec. 31 Mar. 31 (Amounts in thousands, except per share data) Fiscal 2015: Net sales $ 16,747 $ 22,467 $ 30,451 $ 16,558 Gross profit 5,063 6,731 8,178 3,872 Operating (loss) income (1,131 ) (424 ) 2,207 (2,295 ) Net (loss) income (1,245 ) (922 ) 1,358 5,556 Net (loss) income per share — basic (0.02 ) (0.01 ) 0.02 0.09 Net (loss) income per share — diluted (0.02 ) (0.01 ) 0.02 0.09 Common stock price per share: High 0.78 0.72 0.57 0.54 Low 0.47 0.38 0.38 0.35 Fiscal 2014: Net sales $ 18,684 $ 17,839 $ 32,889 $ 20,217 Gross profit 5,365 4,770 7,925 4,838 Operating (loss) income (2,118 ) (3,617 ) 902 (1,689 ) Net loss (2,065 ) (4,545 ) (566 ) (265 ) Net loss per share — basic (0.03 ) (0.07 ) (0.01 ) (0.00 ) Net loss per share — diluted (0.03 ) (0.07 ) (0.01 ) (0.00 ) Common stock price per share: High 0.50 0.90 0.81 0.54 Low 0.38 0.46 0.44 0.42

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Mad Catz Interactive, Inc. and its wholly-owned subsidiaries, collectively, the Company. All intercompany transactions and balances have been eliminated in consolidation. The Company refers to its fiscal years based on the fiscal year ending date. For instance, fiscal year 2015 refers to the fiscal year ending March 31, 2015. All currency amounts are presented in U.S. dollars. 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. Borrowings under the Credit Facility are secured by a first priority interest in the inventories, equipment, and accounts receivable of certain of our subsidiaries and by a pledge of all of the capital stock of our subsidiaries. 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 March 31, 2015 and April 30, 2015 was lower than the required threshold and, accordingly, the Company was not in compliance with this covenant as of March 31, 2015 and April 30, 2015. On June 23, 2015, the Company received a waiver of the covenant violations from Wells Fargo and entered into an amendment to the Credit Facility that extends the expiration of the credit facility to July 31, 2016 and modifies the trailing twelve months’ Adjusted EBITDA covenant, as defined, from June 2015 through June 2016. The Company depends upon the availability of capital under the Credit Facility to finance operations. Compliance with the Adjusted EBITDA covenants in fiscal 2016, which are tied closely to our internal forecasts and include significant contributions from anticipated sales of products related to the Rock Band 4 video game, depends on the Company’s ability to increase net sales and gross profit considerably. Also, the Company operates in a rapidly evolving and often unpredictable business environment that may change the timing or amount of expected future sales and expenses. If the Company is unable to comply with the revised Adjusted EBITDA covenants contained in the Credit Facility, Wells Fargo could declare the outstanding borrowings under the facility immediately due and payable. If the Company needs to obtain additional funds as a result of the termination of the Credit Facility or the acceleration of amounts due thereunder, there can be no assurance that alternative financing can be obtained on substantially similar or acceptable terms, or at all. The Company’s failure to promptly obtain alternate financing could limit our ability to implement our business plan and have an immediate, severe and adverse impact on our business, results of operations, financial condition and liquidity. In the event that no alternative financing is available, the Company would be forced to drastically curtail operations, or dispose of assets, or cease operations altogether. These uncertainties raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the year. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventory, contingencies and litigation, valuation and recognition of share-based payments, warrant liabilities and income taxes. As future events and their effects cannot be determined with precision, actual results could differ from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Actual results could differ from those estimates.
Concentration of Credit Risk	Concentration of Credit Risk The Company’s credit risk is primarily concentrated in accounts receivable. The Company generally does not require collateral on accounts receivable because a majority of its customers are large, well-capitalized, established retail entities with operations throughout the United States, Canada and Europe. The Company maintains an allowance for doubtful accounts. For the year ended March 31, 2015, sales to the largest customer constituted 14% of gross sales and sales to the second largest customer constituted 10% of gross sales. For the year ended March 31, 2014, sales to the largest customer constituted 13% of gross sales and sales to the second largest customer constituted 11% of gross sales. For the year ended March 31, 2013, sales to the largest customer constituted 17% of gross sales. At March 31, 2015, two customers represented 14%, each, of accounts receivable and another customer represented 11% of accounts receivable. At March 31, 2014, one customer represented 15% of accounts receivable. For the years ended March 31, 2015, 2014 and 2013, there were no other customers which accounted for greater than 10% of gross sales and at March 31, 2015 and 2014, there were no other customers which represented greater than 10% of accounts receivable.
Fair Value of Financial Instruments and Fair Value Measurements	Fair Value of Financial Instruments and 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 using an effective interest rate of 5.25%, which approximates the interest rate on the Company’s bank loan. Fair value measurements are market-based measurements, not entity-specific measurements. Therefore, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability. The Company follows a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below: Ÿ Level 1: Quoted prices in active markets for identical assets or liabilities. Ÿ Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Ÿ Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable in active markets. The following table provides a summary of the recognized assets and liabilities carried at fair value on a recurring basis (in thousands): Balance as of Basis of Fair Value Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 10) $ (1,187 ) $ — $ — $ (1,187 ) Balance as of Basis of Fair Value Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 10) $ (75 ) $ — $ — $ (75 ) The following tables provide a roll forward of the Company’s level three fair value measurements, which consist of the Company’s warrant liabilities, during the three years ended March 31, 2015 (in thousands): Warrant liabilities: Balance at March 31, 2012 $ (693 ) Change in fair value of warrant liabilities 544 Balance at March 31, 2013 $ (149 ) Change in fair value of warrant liabilities 74 Balance at March 31, 2014 $ (75 ) Securities purchase agreement (1,710 ) Change in fair value of warrant liabilities 598 Balance at March 31, 2015 $ (1,187 )
Revenue Recognition	Revenue Recognition The Company recognizes revenue when (1) there is persuasive evidence that an arrangement with the customer exists, which is generally a customer purchase order, (2) the products are delivered, which occurs when the products are shipped and risk of loss has been transferred to the customer, (3) the selling price is fixed or determinable and (4) collection of the customer receivable is deemed reasonably assured. The Company’s payment arrangements with customers typically provide net 30- and 60-day terms. All of the Company’s arrangements are single element arrangements and there are no undelivered elements after the point of shipment. Amounts billed to customers for shipping and handling are included in net sales, and costs incurred related to shipping and handling is included in cost of sales. The Company excludes sales and other taxes collected from customers from net sales.
Allowance for Doubtful Accounts and Other Allowances	Allowance for Doubtful Accounts and Other Allowances Accounts receivable are recorded net of an allowance for doubtful accounts and other sales related allowances. When evaluating the adequacy of the allowance for doubtful accounts, the Company analyzes known uncollectible accounts, the aging of accounts receivable, historical bad debts, customer credit-worthiness and current economic trends. The Company performs ongoing credit evaluations of its customers, and generally does not require collateral on its accounts receivable. The Company estimates the need for allowances for potential credit losses based on historical collection activity and the facts and circumstances relevant to specific customers and records a provision for uncollectible accounts when collection is uncertain. To date, the Company has not experienced significant credit related losses. The Company records allowances for customer marketing programs, including certain rights of return, price protection, volume-based cash incentives and cooperative advertising. The estimated cost of these programs is accrued as a reduction to revenue when they are customer payments or incentives, or as an operating expense when they represent shared marketing expenses in the period the Company sells the product or commits to the program. Such amounts are estimated, based on historical experience and contractual terms, and periodically adjusted based on historical and anticipated rates of returns, inventory levels and other factors.
Inventories	Inventories Raw materials, packaging materials and accessories are valued at the lower of cost, determined by the first-in, first-out method, or market. Finished goods are valued at the lower of cost or market, with cost being determined on an average cost basis. The Company regularly reviews inventory quantities on hand and in the retail channel, consumer demand and seasonality factors in order to recognize any loss of utility in the period incurred.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Property and equipment are depreciated or amortized using the straight-line method over the estimated useful lives of the assets as follows: Molds 3 years Computer equipment and software 3 years Manufacturing and office equipment 3 - 5 years Furniture and fixtures 5 - 6 years Leasehold improvements Shorter of estimated useful life or remaining life of lease Major improvements and betterments are capitalized.
Intangible Assets	Intangible Assets Intangible assets are stated at cost less accumulated amortization and are amortized over the estimated useful lives of the assets on a straight-line basis. The range of useful lives is as follows: Useful Life Trademarks 6 - 15 Customer relationships 6 - 8
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets, such as property and equipment and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a disposal group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet. The Company did not record impairment of long-lived assets in fiscal years 2015, 2014 and 2013.
Royalties and Intellectual Property Licenses	Royalties and Intellectual Property Licenses Royalty and license expenses consist of royalties and license fees paid to intellectual property rights holders for use of their trademarks, copyrights, software, technology or other intellectual property or proprietary rights in the development or sale of the Company’s products. Royalty-based payments that are paid in advance are generally capitalized and expensed to cost of sales at the greater of the contractual or effective royalty rate based on net product sales.
Advertising	Advertising Advertising costs which totaled $2,132,000, $2,575,000, and $3,513,000 for the years ended March 31, 2015, 2014 and 2013, respectively, are expensed as incurred. Cooperative advertising with retailers is recorded when revenue is recognized and such amounts are included in sales and marketing expense if there is a separate identifiable benefit with a fair value. Otherwise, such costs are recognized as a reduction of sales.
Research and Development	Research and Development Research and development costs, which totaled $2,995,000, $4,238,000 and $4,205,000 for the years ended March 31, 2015, 2014 and 2013, respectively, are expensed as incurred.
Income Taxes	Income Taxes Income taxes are accounted for using the asset and liability method. Under the asset and liability method of accounting for income taxes, deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. To the extent that it is not “more likely than not” that a deferred tax asset will be realized, a valuation allowance is provided. Significant management judgment is required in assessing the ability to realize the Company’s deferred tax assets. In performing this assessment, management considers whether it is more likely than not that some portion or all of the assets will not be realized. The ultimate realization of deferred tax assets is dependent upon generation of future taxable income in each tax jurisdiction during the periods in which the temporary differences become deductible. Management considers the scheduled reversal of deferred liabilities, projected future taxable income, and tax planning strategies in making this assessment.
Foreign Currency Translation	Foreign Currency Translation For each of the Company’s foreign operating subsidiaries the functional currency is its local currency. Assets and liabilities of foreign operations are translated into U.S. dollars using month-end exchange rates, and revenue and expenses are translated into U.S. dollars using monthly average exchange rates. The effects of foreign currency translation adjustments are included as a component of accumulated other comprehensive loss in shareholders’ equity. Foreign currency transaction gains and losses are a result of the effect of exchange rate changes on transactions denominated in currencies other than the functional currency.
Net Income (Loss) per Share	Net Income (Loss) per Share Basic net income (loss) per share is computed 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 is computed by dividing net income (loss) for the period by the weighted average number of common shares outstanding, increased by potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method and represent incremental shares issuable upon exercise of outstanding stock options and warrants. However, potentially dilutive securities are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive. As a result, the denominator for diluted loss per share is the same as the weighted average common shares in periods when a net loss is reported. The following table sets forth the computation of diluted weighted average common and potential common shares outstanding for the years ended March 31, 2015, 2014 and 2013 (in thousands, except share and per share amounts): Years Ended March 31, 2015 2014 2013 Numerator: Net income (loss) $ 4,747 $ (7,441 ) $ (11,200 ) Denominator: Weighted average common shares 64,350,893 63,757,395 63,471,235 Effect of dilutive share-based awards 425,806 — — Denominator for diluted net income (loss) per share 64,776,699 63,757,395 63,471,235 Income (loss) per share: Basic $ 0.07 $ (0.12 ) $ (0.18 ) Diluted $ 0.07 $ (0.12 ) $ (0.18 ) Anti-dilutive securities excluded from the computation of diluted income (loss) per share: Outstanding options 7,034,897 7,644,948 8,832,288 Outstanding warrants 2,639,337 2,540,918 2,540,918
Stock-Based Compensation	Stock-Based Compensation The Company records compensation expense associated with stock-based awards made to employees and directors based upon their grant date fair value. The Company recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is four years, except for grants to Board of Directors, which vest in one year. The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model, using the assumptions noted in Note 8 — Stock-Based Compensation. The expected life of the options is based on a number of factors, including historical exercise experience, the vesting term of the award, and the expected volatility of the Company’s stock. The expected volatility is estimated based on the historical volatility (using daily pricing) of the Company’s stock. The risk-free interest rate is determined based on a constant U.S. Treasury security rate with a contractual life that approximates the expected term of the stock options. The Company reduces the calculated stock-based compensation expense for estimated forfeitures by applying a forfeiture rate, based upon historical pre-vesting option cancelations. Estimated forfeitures are reassessed at each balance sheet date and may change based on new facts and circumstances. See Note 8 — Stock-Based Compensation for additional information regarding the Company’s stock-based compensation plans.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and certain changes in equity that are excluded from net income (loss). Accumulated other comprehensive loss represents net unrealized gains and losses from foreign currency translation adjustments.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, Interest — Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendment is effective for annual reporting periods beginning after December 15, 2015 and interim periods within those annual periods with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In May 2014, the FASB issued 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.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Recognized Assets and Liabilities Carried at Fair Value on Recurring Basis	The following table provides a summary of the recognized assets and liabilities carried at fair value on a recurring basis (in thousands): Balance as of Basis of Fair Value Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 10) $ (1,187 ) $ — $ — $ (1,187 ) Balance as of Basis of Fair Value Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 10) $ (75 ) $ — $ — $ (75 )
Fair Value Measurements of Warrant Liabilities	The following tables provide a roll forward of the Company’s level three fair value measurements, which consist of the Company’s warrant liabilities, during the three years ended March 31, 2015 (in thousands): Warrant liabilities: Balance at March 31, 2012 $ (693 ) Change in fair value of warrant liabilities 544 Balance at March 31, 2013 $ (149 ) Change in fair value of warrant liabilities 74 Balance at March 31, 2014 $ (75 ) Securities purchase agreement (1,710 ) Change in fair value of warrant liabilities 598 Balance at March 31, 2015 $ (1,187 )
Estimated Useful Lives of Property and Equipment	Property and equipment are depreciated or amortized using the straight-line method over the estimated useful lives of the assets as follows: Molds 3 years Computer equipment and software 3 years Manufacturing and office equipment 3 - 5 years Furniture and fixtures 5 - 6 years Leasehold improvements Shorter of estimated useful life or remaining life of lease
Estimated Useful Lives of Intangible Assets	The range of useful lives is as follows: Useful Life Trademarks 6 - 15 Customer relationships 6 - 8
Computation of Diluted Weighted Average Common and Potential Common Shares Outstanding	The following table sets forth the computation of diluted weighted average common and potential common shares outstanding for the years ended March 31, 2015, 2014 and 2013 (in thousands, except share and per share amounts): Years Ended March 31, 2015 2014 2013 Numerator: Net income (loss) $ 4,747 $ (7,441 ) $ (11,200 ) Denominator: Weighted average common shares 64,350,893 63,757,395 63,471,235 Effect of dilutive share-based awards 425,806 — — Denominator for diluted net income (loss) per share 64,776,699 63,757,395 63,471,235 Income (loss) per share: Basic $ 0.07 $ (0.12 ) $ (0.18 ) Diluted $ 0.07 $ (0.12 ) $ (0.18 ) Anti-dilutive securities excluded from the computation of diluted income (loss) per share: Outstanding options 7,034,897 7,644,948 8,832,288 Outstanding warrants 2,639,337 2,540,918 2,540,918

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following (in thousands): March 31, 2015 2014 Raw materials $ 735 $ 1,032 Finished goods 14,744 16,157 $ 15,479 $ 17,189

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Components of Property and Equipment, Net	Property and equipment, net, consist of the following (in thousands): March 31, 2015 2014 Molds $ 9,503 $ 8,707 Computer equipment and software 2,112 2,529 Manufacturing and office equipment 1,701 1,376 Furniture and fixtures 478 518 Leasehold improvements 1,052 984 14,846 14,114 Less: Accumulated depreciation and amortization (11,470 ) (11,377 ) $ 3,376 $ 2,737

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Acquired Intangible Assets, Net	Acquired intangible assets, net, consist of the following (in thousands): March 31, 2015 March 31, 2014 Cost Accumulated Net Book Cost Accumulated Net Book Trademarks $ 3,984 $ 1,756 $ 2,228 $ 4,154 $ 1,601 $ 2,553 Customer relationships 900 544 356 3,852 3,383 469 Intangible assets $ 4,884 $ 2,300 $ 2,584 $ 8,006 $ 4,984 $ 3,022
Future Estimated Amortization Expense for Acquired Intangible Assets	As of March 31, 2015, the future estimated amortization expense for these acquired intangible assets for the next five years and thereafter is expected to be as follows (in thousands): Years ending March 31: 2016 $ 437 2017 437 2018 438 2019 344 2020 325 Thereafter 603 $ 2,584

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Option Activity	A summary of option activity is presented as follows: Years Ended March 31, 2015 2014 2013 Options Weighted Options Weighted Options Weighted Outstanding, beginning of year 7,199,982 $ 0.66 9,364,744 $ 0.66 7,951,463 $ 0.66 Granted 1,875,000 0.56 362,054 0.50 1,500,000 0.67 Exercised (557,292 ) 0.42 (454,107 ) 0.41 (15,000 ) 0.47 Expired/canceled (575,879 ) 0.88 (2,072,709 ) 0.89 (71,719 ) 0.49 Outstanding, end of year 7,941,811 $ 0.64 7,199,982 $ 0.66 9,364,744 $ 0.66 Exercisable, end of year 5,368,481 $ 0.66 5,542,304 $ 0.65 6,320,370 $ 0.61 Vested and expected to vest, end of year 7,718,407 $ 0.64 6,716,143 $ 0.66 8,812,244 $ 0.66
Schedule of Estimated Fair Value of Each Stock Option Grant	The Company estimated the fair value of each stock option grant on the date of grant using the Black-Scholes model with the following assumptions for the years ended March 31, 2015, 2014 and 2013: Years Ended March 31, 2015 2014 2013 Assumptions: Expected volatility 76% - 77% 84% - 90% 92% Risk-free interest rate 1.53% - 1.78% 0.68% - 1.72% 0.71% Dividend yield — — — Expected term 5 years 5 - 7 years 5 years

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Components of Loss Before Income Taxes and Income Tax (Benefit) Expense	The components of loss before income taxes and income tax (benefit) expense are summarized as follows (in thousands): Years Ended March 31, 2015 2014 2013 Loss before income taxes: Domestic (U.S.) $ 744 $ (4,324 ) $ (8,711 ) Foreign (3,176 ) (3,511 ) (453 ) $ (2,432 ) $ (7,835 ) $ (9,164 ) Income tax (benefit) expense: Current: Federal (U.S.) $ — $ — $ — State (U.S.) (33 ) 55 (33 ) Foreign 611 527 1,881 578 582 1,848 Deferred: Federal (U.S.) (6,667 ) — — State (U.S.) (2,088 ) — — Foreign 998 (976 ) 188 (7,757 ) (976 ) 188 Income tax (benefit) expense $ (7,179 ) $ (394 ) $ 2,036
Schedule of Income Tax (Benefit) Expense Reconciliation	The following schedule reconciles the difference between reported income tax (benefit) expense and the amount computed by multiplying loss before income taxes by the Company’s applicable Canadian statutory tax rate of approximately 26.5% (in thousands): Years Ended March 31, 2015 2014 2013 Income tax benefit using the Company’s Canadian statutory tax rates $ (645 ) $ (2,076 ) $ (2,428 ) Income taxed in jurisdictions other than Canada 1,172 (405 ) (1,715 ) Prior year true-up 841 181 (219 ) Change in valuation allowance (8,538 ) 1,572 2,987 Goodwill impairment — — 2,827 Other tax increases due to nondeductible expenses 120 126 489 Gain on change in fair value of warrant liabilities (152 ) (9 ) (141 ) Tax rate changes 0 189 64 Other 23 28 172 Income tax (benefit) expense $ (7,179 ) $ (394 ) $ 2,036 Effective tax rate 295.2 % 5.0 % (22.2 )%
Schedule of Significant Temporary Differences of Deferred Tax Assets and Liabilities	The sources of significant temporary differences that give rise to the deferred tax assets and liabilities are as follows (in thousands): March 31, 2015 2014 Deferred tax assets: Tax loss carryforwards $ 15,186 $ 16,583 Difference between book and tax basis of inventories 645 835 Difference between book and tax basis of accounts receivables 313 322 Deferred fees not currently deductible 163 147 Accruals and reserves not currently deductible 710 652 Difference between book and tax basis of intangible assets, property & equipment 825 978 Unclaimed depreciation on property and equipment 124 204 Goodwill and intangibles 683 842 Unclaimed scientific research expenditures 166 190 Foreign tax credits 1,553 1,615 Other 194 175 20,562 22,543 Less valuation allowance (9,157 ) (18,730 ) $ 11,405 $ 3,813 Deferred tax liabilities: Federal liability on state tax loss $ 702 $ 699 Prepaid liabilities 58 46 Intangibles 838 986 $ 1,598 $ 1,731 Net deferred tax assets $ 9,807 $ 2,082
Schedule of Net Operating Loss Carryforwards	The following schedule represents the Company’s net operating loss carryforwards as of March 31, 2015 and the year they start to expire (in thousands): Amount Year Start to United States Federal $ 16,210 2022(a) California State 23,342 2016(a) Canada 10,382 2015 Hong Kong 9,466 No expiration United Kingdom 7,308 No expiration France 2,984 No expiration Japan 497 2021 (a) The Internal Revenue Code (the “Code”) limits the future availability of net operating loss and tax credit carryforwards that arose prior to certain cumulative changes in a corporation’s ownership resulting in a change of control. As a result of an acquisition in 2007, the Company acquired federal and state net operating loss carryforwards of approximately $2.8 million and $3.6 million, respectively, which are subject to an annual limitation based on the ownership change.

Securities Purchase Agreements

Securities Purchase Agreements (Tables)	12 Months Ended
	Mar. 31, 2015
2015 Securities Purchase Agreement [Member]
Estimated Fair Value of Warrants	The 2015 Warrants are not traded in an active securities market, and as such, the Company estimates the fair value of the of the warrant liability using the Black-Scholes option pricing model using the following assumptions: March 31, 2015 Expected term 5.5 years Common stock market price $ 0.37 Risk-free interest rate 1.46 % Volatility 100 %
2011 Securities Purchase Agreement [Member]
Estimated Fair Value of Warrants	The 2011 Warrants are not traded in an active securities market, and as such, the Company estimates the fair value of the 2011 Warrants using the Black-Scholes option pricing model using the following assumptions: March 31, 2015 March 31, 2014 Expected term 1.5 years 2.5 years Common stock market price $ 0.37 $ 0.48 Risk-free interest rate 0.41 % 0.67 % Expected volatility 73.53 % 68.56 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Annual Future Minimum Rental Payments Required Under Operating Leases	Annual future minimum rental payments required under operating leases as of March 31, 2015 are as follows (in thousands): Years ending March 31: 2016 $ 1,521 2017 1,466 2018 911 2019 681 Thereafter 692 $ 5,271
Annual Future Minimum Payments Required Under Royalty and License Agreements	Annual future minimum payments required under royalty and license agreements as of March 31, 2015 are as follows (in thousands): Years ending March 31: 2016 $ 16,322 2017 67 2018 57 2019 58 Thereafter — $ 16,504

Geographic and Product Line D31

Geographic and Product Line Data (Tables)	12 Months Ended
	Mar. 31, 2015
Sales Attributed to Geographic Regions	The Company’s sales are attributed to the following geographic regions (in thousands): Years Ended March 31, 2015 2014 2013 Net sales: EMEA $ 46,247 $ 53,132 $ 61,960 Americas 27,897 28,470 51,316 APAC 12,079 8,027 9,388 $ 86,223 $ 89,629 $ 122,664
Property and Equipment [Member]
Property and Equipment, Net, Attributed to Geographic Regions	The Company’s property and equipment, net, are attributed to the following geographic regions (in thousands): 2015 2014 Property and equipment, net: Americas $ 1,088 $ 417 EMEA 96 92 APAC 2,192 2,228 $ 3,376 $ 2,737
Platform [Member]
Summary of Sales by Platform, Product Category and Brand	Our sales by platform were as follows: Years Ended March 31, 2015 2014 PC and Mac 46 % 45 % Universal 22 % 29 % Next gen consoles (a) 21 % 3 % Smart devices 7 % 2 % Legacy consoles (b) 4 % 19 % All others — % 2 % 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]
Summary of Sales by Platform, Product Category and Brand	Our sales by product category were as follows: Years Ended March 31, 2015 2014 Audio 42 % 47 % Specialty controllers 25 % 16 % Mice and Keyboards 23 % 29 % Controllers 6 % 1 % Accessories 3 % 5 % Games and other 1 % 2 % 100 % 100 %
Brand [Member]
Summary of Sales by Platform, Product Category and Brand	Our sales by brand were as follows: Years Ended March 31, 2014 2014 Tritton 39 % 42 % Mad Catz 34 % 41 % Saitek 19 % 12 % All others 8 % 5 % 100 % 100 %

Quarterly Financial and Marke32

Quarterly Financial and Market Information (Tables)	12 Months Ended
	Mar. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Summary of Quarterly Financial and Market Information	Quarter Ended June 30 Sept. 30 Dec. 31 Mar. 31 (Amounts in thousands, except per share data) Fiscal 2015: Net sales $ 16,747 $ 22,467 $ 30,451 $ 16,558 Gross profit 5,063 6,731 8,178 3,872 Operating (loss) income (1,131 ) (424 ) 2,207 (2,295 ) Net (loss) income (1,245 ) (922 ) 1,358 5,556 Net (loss) income per share — basic (0.02 ) (0.01 ) 0.02 0.09 Net (loss) income per share — diluted (0.02 ) (0.01 ) 0.02 0.09 Common stock price per share: High 0.78 0.72 0.57 0.54 Low 0.47 0.38 0.38 0.35 Fiscal 2014: Net sales $ 18,684 $ 17,839 $ 32,889 $ 20,217 Gross profit 5,365 4,770 7,925 4,838 Operating (loss) income (2,118 ) (3,617 ) 902 (1,689 ) Net loss (2,065 ) (4,545 ) (566 ) (265 ) Net loss per share — basic (0.03 ) (0.07 ) (0.01 ) (0.00 ) Net loss per share — diluted (0.03 ) (0.07 ) (0.01 ) (0.00 ) Common stock price per share: High 0.50 0.90 0.81 0.54 Low 0.38 0.46 0.44 0.42

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	Jun. 23, 2015	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Credit facility maximum borrowing capacity		$ 25,000,000
Credit facility expiration date		Jul. 31, 2016
Impairment of long-lived assets		$ 0	$ 0	$ 0
Advertising costs		2,132,000	2,575,000	3,513,000
Research and development costs		$ 2,995,000	$ 4,238,000	$ 4,205,000
Requisite service period of award		4 years
Subsequent events [Member]
Summary Of Significant Accounting Policies [Line Items]
Credit facility expiration date	Jul. 31, 2016
Board of Directors [Member]
Summary Of Significant Accounting Policies [Line Items]
Award vesting period		1 year
Customer Concentration Risk [Member] | Largest customer [Member] | Sales [Member]
Summary Of Significant Accounting Policies [Line Items]
Customers accounted for revenue and accounts receivable, Percentage		14.00%	13.00%	17.00%
Customer Concentration Risk [Member] | Second largest customer [Member] | Sales [Member]
Summary Of Significant Accounting Policies [Line Items]
Customers accounted for revenue and accounts receivable, Percentage		10.00%	11.00%
Credit Concentration Risk [Member] | Customer one [Member] | Accounts receivable [Member]
Summary Of Significant Accounting Policies [Line Items]
Customers accounted for revenue and accounts receivable, Percentage		14.00%	15.00%
Credit Concentration Risk [Member] | Customer two [Member] | Accounts receivable [Member]
Summary Of Significant Accounting Policies [Line Items]
Customers accounted for revenue and accounts receivable, Percentage		14.00%
Credit Concentration Risk [Member] | Customer three [Member] | Accounts receivable [Member]
Summary Of Significant Accounting Policies [Line Items]
Customers accounted for revenue and accounts receivable, Percentage		11.00%
Notes payable [Member]
Summary Of Significant Accounting Policies [Line Items]
Note payable, interest rate percentage		5.25%
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Payment arrangements with customers, terms		30 days
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Payment arrangements with customers, terms		60 days

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Recognized Assets and Liabilities Carried at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Liabilities:
Warrant liabilities (Note 10)	$ (1,187)	$ (75)
Outstanding warrants [Member]
Liabilities:
Warrant liabilities (Note 10)	(1,187)	(75)
Level 3 [Member]
Liabilities:
Warrant liabilities (Note 10)	(1,187)	(75)	$ (149)	$ (693)
Level 3 [Member] | Outstanding warrants [Member]
Liabilities:
Warrant liabilities (Note 10)	$ (1,187)	$ (75)

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Fair Value Measurements of Warrant Liabilities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Warrant liabilities:
Beginning Balance	$ (75)
Change in fair value of warrant liabilities	598	$ 74	$ 544
Ending Balance	(1,187)	(75)
Level 3 [Member]
Warrant liabilities:
Beginning Balance	(75)	(149)	(693)
Securities purchase agreement	(1,710)
Change in fair value of warrant liabilities	598	74	544
Ending Balance	$ (1,187)	$ (75)	$ (149)

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Detail)	12 Months Ended
	Mar. 31, 2015
Molds [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Manufacturing and office equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Manufacturing and office equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture and fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture and fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	6 years
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Shorter of estimated useful life or remaining life of lease

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Estimated Useful Lives of Intangible Assets (Detail)	12 Months Ended
	Mar. 31, 2015
Minimum [Member] | Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	6 years
Minimum [Member] | Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	6 years
Maximum [Member] | Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	15 years
Maximum [Member] | Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	8 years

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Computation of Diluted Weighted Average Common and Potential Common Shares Outstanding (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Numerator:
Net income (loss)	$ 5,556	$ 1,358	$ (922)	$ (1,245)	$ (265)	$ (566)	$ (4,545)	$ (2,065)	$ 4,747	$ (7,441)	$ (11,200)
Denominator:
Weighted average common shares									64,350,893	63,757,395	63,471,235
Effect of dilutive share-based awards									425,806
Denominator for diluted net income (loss) per share									64,776,699	63,757,395	63,471,235
Income (loss) per share:
Basic	$ 0.09	$ 0.02	$ (0.01)	$ (0.02)	$ 0	$ (0.01)	$ (0.07)	$ (0.03)	$ 0.07	$ (0.12)	$ (0.18)
Diluted	$ 0.09	$ 0.02	$ (0.01)	$ (0.02)	$ 0	$ (0.01)	$ (0.07)	$ (0.03)	$ 0.07	$ (0.12)	$ (0.18)
Outstanding options [Member]
Anti-dilutive securities excluded from the computation of diluted income (loss) per share:
Anti-dilutive securities excluded from the computation of diluted income (loss) per share									7,034,897	7,644,948	8,832,288
Outstanding warrants [Member]
Anti-dilutive securities excluded from the computation of diluted income (loss) per share:
Anti-dilutive securities excluded from the computation of diluted income (loss) per share									2,639,337	2,540,918	2,540,918

Note Payable - Additional Infor

Note Payable - Additional Information (Detail) - Tritton [Member] - USD ($)	1 Months Ended
	Feb. 28, 2014	May. 31, 2013	May. 31, 2010	Mar. 31, 2015
Debt Instrument [Line Items]
Cash paid for the acquisition			$ 1,400,000
Contingent consideration paid for acquisition		$ 4,788,000
Additional consideration based on percentage of future sales to be paid to former owners, period			5 years
Ownership percentage	99.00%
Promissory Note, amount	$ 2,475,000
Term of the Note	2 years
Liability for contingent consideration				$ 0
Promissory Note, interest rate				5.25%
Promissory Note, present value				$ 1,023,000
Maximum [Member]
Debt Instrument [Line Items]
Contingent consideration paid for acquisition			$ 8,700,000

Inventories - Schedule of Inven

Inventories - Schedule of Inventory (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 735	$ 1,032
Finished goods	14,744	16,157
Inventories	$ 15,479	$ 17,189

Inventories - Additional Inform

Inventories - Additional Information (Detail)	Mar. 31, 2015USD ($)
Pledged as debt obligation collateral [Member]
Inventory [Line Items]
Amount of inventory pledged as debt obligation collateral	$ 13,665,000

Property and Equipment - Compon

Property and Equipment - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 14,846	$ 14,114
Less: Accumulated depreciation and amortization	(11,470)	(11,377)
Property and equipment, net	3,376	2,737
Molds [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,503	8,707
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,112	2,529
Manufacturing and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,701	1,376
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	478	518
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,052	$ 984

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation expense related to property and equipment total	$ 1,524,000	$ 1,825,000	$ 2,089,000

Intangible Assets - Summary of

Intangible Assets - Summary of Acquired Intangible Assets, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 4,884	$ 8,006
Accumulated Amortization	2,300	4,984
Intangible assets, net	2,584	3,022
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	3,984	4,154
Accumulated Amortization	1,756	1,601
Intangible assets, net	2,228	2,553
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	900	3,852
Accumulated Amortization	544	3,383
Intangible assets, net	$ 356	$ 469

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 437	$ 743	$ 933

Intangible Assets - Future Esti

Intangible Assets - Future Estimated Amortization Expense for Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2,016	$ 437
2,017	437
2,018	438
2,019	344
2,020	325
Thereafter	603
Intangible assets, net	$ 2,584	$ 3,022

Bank Loan - Additional Informat

Bank Loan - Additional Information (Detail) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity	$ 25,000,000
Credit facility, interest rate	5.25%	5.25%
Credit facility, monthly service fee	$ 1,500
Credit facility, service fee percentage on unused portion of the loan	0.25%
Credit facility expiration date	Jul. 31, 2016
LIBOR plus [Member]
Line of Credit Facility [Line Items]
LIBOR floor rate	1.50%
Minimum [Member] | U.S. prime rate plus [Member]
Line of Credit Facility [Line Items]
Interest rate	0.50%
Minimum [Member] | LIBOR plus [Member]
Line of Credit Facility [Line Items]
Interest rate	2.50%
Maximum [Member] | U.S. prime rate plus [Member]
Line of Credit Facility [Line Items]
Interest rate	2.00%
Maximum [Member] | LIBOR plus [Member]
Line of Credit Facility [Line Items]
Interest rate	3.50%

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options outstanding	$ 13,000
Weighted average remaining contractual term of options outstanding	6 years 3 months 26 days
Aggregate intrinsic value of options exercisable	$ 13,000
Weighted average remaining contractual term of options exercisable	5 years 1 month 6 days
Aggregate intrinsic value of options exercised	$ 72,000	$ 101,000	$ 3,000
Unrecognized compensation cost related to unvested options	$ 839,000
Unrecognized compensation cost expected to recognized weighted-average period	2 years
Weighted average per share fair value of the options granted	$ 0.34	$ 0.35	$ 0.47
Increase (decrease) in stock-based compensation expense, net of taxes	$ (365,000)	$ 485,000	$ 481,000
2007 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares of common stock granted to purchase	10,300,000
Options granted, expiry period from date of grant	10 years
Options granted, vesting period	4 years
Options granted, vesting period on grant date	1 year
Options granted, remaining vesting period	36 months
Shares available for future grant	252,918
2007 Plan [Member] | One-Year Anniversary [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, vesting percentage	25.00%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Option Activity (Detail) - Options [Member] - $ / shares	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding, beginning of year	7,199,982	9,364,744	7,951,463
Options, Granted	1,875,000	362,054	1,500,000
Options, Exercised	(557,292)	(454,107)	(15,000)
Options, Expired/canceled	(575,879)	(2,072,709)	(71,719)
Options, Outstanding, end of year	7,941,811	7,199,982	9,364,744
Options, Exercisable, end of year	5,368,481	5,542,304	6,320,370
Options, Vested and expected to vest, end of year	7,718,407	6,716,143	8,812,244
Weighted Average Exercise Price, Outstanding, beginning of year	$ 0.66	$ 0.66	$ 0.66
Weighted Average Exercise Price, Granted	0.56	0.50	0.67
Weighted Average Exercise Price, Exercised	0.42	0.41	0.47
Weighted Average Exercise Price, Expired/canceled	0.88	0.89	0.49
Weighted Average Exercise Price, Outstanding, end of year	0.64	0.66	0.66
Weighted Average Exercise Price, Exercisable, end of year	0.66	0.65	0.61
Weighted Average Exercise Price, Vested and expected to vest, end of year	$ 0.64	$ 0.66	$ 0.66

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Estimated Fair Value of Each Stock Option Grant (Detail) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Assumptions:
Expected volatility			92.00%
Risk-free interest rate			0.71%
Dividend yield	$ 0	$ 0	$ 0
Expected term	5 years		5 years
Minimum [Member]
Assumptions:
Expected volatility	76.00%	84.00%
Risk-free interest rate	1.53%	0.68%
Expected term		5 years
Maximum [Member]
Assumptions:
Expected volatility	77.00%	90.00%
Risk-free interest rate	1.78%	1.72%
Expected term		7 years

Income Taxes - Components of Lo

Income Taxes - Components of Loss Before Income Taxes and Income Tax (Benefit) Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Loss before income taxes:
Domestic (U.S.)	$ 744	$ (4,324)	$ (8,711)
Foreign	(3,176)	(3,511)	(453)
Loss before income taxes	(2,432)	(7,835)	(9,164)
Current:
Federal (U.S.)	0	0	0
State (U.S.)	(33)	55	(33)
Foreign	611	527	1,881
Total current	578	582	1,848
Deferred:
Federal (U.S.)	(6,667)
State (U.S.)	(2,088)
Foreign	998	(976)	188
Total deferred	(7,757)	(976)	188
Income tax (benefit) expense	$ (7,179)	$ (394)	$ 2,036

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Taxes [Line Items]
Deferred tax assets valuation allowance	$ 9,157,000	$ 18,730,000
Cumulative pretax book loss	3 years
Undistributed earnings of non-Canadian subsidiaries	$ 37,500,000
Deferred tax liability on undistributed earnings	2,400,000
Unrecognized tax benefits	$ 0	$ 0
Canada [Member]
Income Taxes [Line Items]
Canadian statutory tax rate	26.50%
Capital tax losses	$ 2,500,000
United States Federal [Member]
Income Taxes [Line Items]
Deferred tax assets valuation allowance	1,200,000
United States Federal [Member] | Deferred Tax Asset Related to Consolidation of Research and Development Facilities [Member]
Income Taxes [Line Items]
Deferred tax assets valuation allowance	8,800,000
Hong Kong [Member]
Income Taxes [Line Items]
Deferred tax assets valuation allowance	$ 1,500,000

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax (Benefit) Expense Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Income Tax Reconciliation [Line Items]
Income taxed in jurisdictions other than Canada	$ 1,172	$ (405)	$ (1,715)
Prior year true-up	841	181	(219)
Change in valuation allowance	(8,538)	1,572	2,987
Goodwill impairment			2,827
Other tax increases due to nondeductible expenses	120	126	489
Gain on change in fair value of warrant liabilities	(152)	(9)	(141)
Tax rate changes	0	189	64
Other	23	28	172
Income tax (benefit) expense	$ (7,179)	$ (394)	$ 2,036
Effective tax rate	295.20%	5.00%	(22.20%)
Canada [Member]
Income Tax Reconciliation [Line Items]
Income tax benefit using the Company's Canadian statutory tax rates	$ (645)	$ (2,076)	$ (2,428)

Income Taxes - Schedule of Sign

Income Taxes - Schedule of Significant Temporary Differences of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Deferred tax assets:
Tax loss carryforwards	$ 15,186	$ 16,583
Difference between book and tax basis of inventories	645	835
Difference between book and tax basis of accounts receivables	313	322
Deferred fees not currently deductible	163	147
Accruals and reserves not currently deductible	710	652
Difference between book and tax basis of intangible assets, property & equipment	825	978
Unclaimed depreciation on property and equipment	124	204
Goodwill and intangibles	683	842
Unclaimed scientific research expenditures	166	190
Foreign tax credits	1,553	1,615
Other	194	175
Deferred tax assets	20,562	22,543
Less valuation allowance	(9,157)	(18,730)
Net deferred tax assets	11,405	3,813
Deferred tax liabilities:
Federal liability on state tax loss	702	699
Prepaid liabilities	58	46
Intangibles	838	986
Net deferred tax liabilities	1,598	1,731
Net deferred tax assets	$ 9,807	$ 2,082

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Operating Loss Carryforwards (Detail) - Mar. 31, 2015 - USD ($) $ in Thousands	Total
United States Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 16,210
California State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	23,342
Canada [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	10,382
Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	9,466
United Kingdom [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	7,308
France [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	2,984
Japan [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 497
Year Start [Member] | United States Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards, Year Start to Expire	2,022
Year Start [Member] | California State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards, Year Start to Expire	2,016
Year Start [Member] | Canada [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards, Year Start to Expire	2,015
Year Start [Member] | Japan [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards, Year Start to Expire	2,021

Income Taxes - Schedule of Ne56

Income Taxes - Schedule of Net Operating Loss Carryforwards (Parenthetical) (Detail) $ in Millions	Mar. 31, 2015USD ($)
United States Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards acquired	$ 2.8
California State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards acquired	$ 3.6

Securities Purchase Agreement -

Securities Purchase Agreement - Additional Information (Detail) - USD ($)	Sep. 24, 2015	Mar. 31, 2015	Mar. 24, 2015	Oct. 21, 2011	Apr. 30, 2011	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Sale of common stock		73,469,571				73,469,571	63,931,506
Proceeds from issuance of Securities						$ 3,399,000
Fair value of warrants		$ 1,187,000				1,187,000	$ 75,000
Change in fair value of warrant liability						$ (598,000)	$ (74,000)	$ (544,000)
2015 Securities Purchase Agreement [Member]
Schedule of Available-for-sale Securities [Line Items]
Sale of common stock			8,980,773
Warrants to purchase shares of common stock			4,490,387
Securities issued price per share		$ 0.37	$ 0.41			$ 0.37
Proceeds from issuance of Securities			$ 3,682,000
Warrants exercise price		$ 2.30
Warrants expiration date						Sep. 24, 2020
Common stock warrants exercise, description						The 2015 Warrants are subject to limitation on exercise if the Holder or its affiliates would beneficially own more than 9.99%/4.99% of the total number of the Company's shares of common stock following such exercise.
Fair value of warrants		$ 1,171,991		$ 1,710,388		$ 1,171,991
Change in fair value of warrant liability						$ (538,000)
Expected volatility						100.00%
2015 Securities Purchase Agreement [Member] | Common Stockholders [Member]
Schedule of Available-for-sale Securities [Line Items]
Ownership percentage						9.99%
2015 Securities Purchase Agreement [Member] | Affiliates [Member]
Schedule of Available-for-sale Securities [Line Items]
Ownership percentage						4.99%
2015 Securities Purchase Agreement [Member] | Scenario, Forecast [Member]
Schedule of Available-for-sale Securities [Line Items]
Warrants exercise price	$ 0.61
2011 Securities Purchase Agreement [Member]
Schedule of Available-for-sale Securities [Line Items]
Sale of common stock					6,352,293
Warrants to purchase shares of common stock					2,540,918
Securities issued price per share		$ 0.37			$ 1.92	$ 0.37	$ 0.48
Proceeds from issuance of Securities					$ 12,196,000
Warrants exercise price				$ 2.56
Warrants expiration date						Oct. 21, 2016
Fair value of warrants		$ 15,000				$ 15,000	$ 75,000	149,000	$ 693,000	$ 3,250,000
Change in fair value of warrant liability						$ (60,000)	$ (74,000)	$ (544,000)	$ 2,557,000
Expected volatility						73.53%	68.56%

Securities Purchase Agreement58

Securities Purchase Agreement - Estimated Fair Value of Warrants (Detail) - $ / shares	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 24, 2015	Apr. 30, 2011
2015 Securities Purchase Agreement [Member]
Schedule of Available-for-sale Securities [Line Items]
Expected term	5 years 6 months
Common stock market price	$ 0.37		$ 0.41
Risk-free interest rate	1.46%
Expected volatility	100.00%
2011 Securities Purchase Agreement [Member]
Schedule of Available-for-sale Securities [Line Items]
Expected term	1 year 6 months	2 years 6 months
Common stock market price	$ 0.37	$ 0.48		$ 1.92
Risk-free interest rate	0.41%	0.67%
Expected volatility	73.53%	68.56%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Mar. 31, 2015USD ($)LitigationOfficers	Mar. 31, 2014USD ($)	Mar. 31, 2013USD ($)
Loss Contingencies [Line Items]
Rent expense for operating leases	$ 1,881,000	$ 2,274,000	$ 2,104,000
Aggregate severance cost	$ 2,337,000
Indemnification Agreement [Member]
Loss Contingencies [Line Items]
Number of pending legal proceedings | Litigation	0
Minimum [Member]
Loss Contingencies [Line Items]
Severance payment	$ 291,000
Maximum [Member]
Loss Contingencies [Line Items]
Severance payment	$ 847,000
Executive Officer [Member]
Loss Contingencies [Line Items]
Number of officers | Officers	5
Royalty and License Agreements [Member]
Loss Contingencies [Line Items]
Royalty and license expenses	$ 1,845,000	$ 3,294,000	$ 6,319,000

Commitments and Contingencies60

Commitments and Contingencies - Annual Future Minimum Rental Payments Required Under Operating Leases (Detail) $ in Thousands	Mar. 31, 2015USD ($)
Leases [Abstract]
2,016	$ 1,521
2,017	1,466
2,018	911
2,019	681
Thereafter	692
Total	$ 5,271

Commitments and Contingencies61

Commitments and Contingencies - Annual Future Minimum Payments Required Under Royalty and License Agreements (Detail) $ in Thousands	Mar. 31, 2015USD ($)
Leases [Abstract]
2,016	$ 16,322
2,017	67
2,018	57
2,019	58
Thereafter	0
Total	$ 16,504

Employee Savings Plan - Additio

Employee Savings Plan - Additional Information (Detail) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Matched contribution by employer	50.00%	50.00%	50.00%
Employee's contribution to plan	8.00%	8.00%	8.00%
Discretionary contributions to the plan	$ 126,000	$ 138,000	$ 164,000

Geographic and Product Line D63

Geographic and Product Line Data - Sales Attributed to Geographic Regions (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Net sales:
Net sales	$ 16,558	$ 30,451	$ 22,467	$ 16,747	$ 20,217	$ 32,889	$ 17,839	$ 18,684	$ 86,223	$ 89,629	$ 122,664
EMEA [Member]
Net sales:
Net sales									46,247	53,132	61,960
Americas [Member]
Net sales:
Net sales									27,897	28,470	51,316
APAC [Member]
Net sales:
Net sales									$ 12,079	$ 8,027	$ 9,388

Geographic and Product Line D64

Geographic and Product Line Data - Property and Equipment, Net, Attributed to Geographic Regions (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Property and equipment, net:
Property and equipment, net	$ 3,376	$ 2,737
Americas [Member]
Property and equipment, net:
Property and equipment, net	1,088	417
EMEA [Member]
Property and equipment, net:
Property and equipment, net	96	92
APAC [Member]
Property and equipment, net:
Property and equipment, net	$ 2,192	$ 2,228

Geographic and Product Line D65

Geographic and Product Line Data - Summary of Sales by Platform (Detail) - Platform [Member] - Sales [Member]	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Concentration Risk [Line Items]
Percentage of sales by platform	100.00%	100.00%
PC and Mac [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	46.00%	45.00%
Universal [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	22.00%	29.00%
Next gen consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	21.00%	3.00%
Smart devices [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	7.00%	2.00%
Legacy consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	4.00%	19.00%
All others [Member]
Concentration Risk [Line Items]
Percentage of sales by platform		2.00%

Geographic and Product Line D66

Geographic and Product Line Data - Summary of Sales by Product Category (Detail) - Product Category [Member] - Sales [Member]	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Concentration Risk [Line Items]
Percentage of sales by product category	100.00%	100.00%
Audio [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	42.00%	47.00%
Specialty controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	25.00%	16.00%
Mice and Keyboards [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	23.00%	29.00%
Controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	6.00%	1.00%
Accessories [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	3.00%	5.00%
Games and other [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	1.00%	2.00%

Geographic and Product Line D67

Geographic and Product Line Data - Summary of Sales by Brand (Detail) - Brand [Member] - Sales [Member]	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Concentration Risk [Line Items]
Percentage of sales by brand	100.00%	100.00%
Tritton [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	39.00%	42.00%
Mad Catz [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	34.00%	41.00%
Saitek [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	19.00%	12.00%
All others [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	8.00%	5.00%

Quarterly Financial and Marke68

Quarterly Financial and Market Information - Summary of Quarterly Financial and Market Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 16,558	$ 30,451	$ 22,467	$ 16,747	$ 20,217	$ 32,889	$ 17,839	$ 18,684	$ 86,223	$ 89,629	$ 122,664
Gross profit	3,872	8,178	6,731	5,063	4,838	7,925	4,770	5,365	23,844	22,898	34,516
Operating (loss) income	(2,295)	2,207	(424)	(1,131)	(1,689)	902	(3,617)	(2,118)	(1,643)	(6,522)	(9,516)
Net (loss) income	$ 5,556	$ 1,358	$ (922)	$ (1,245)	$ (265)	$ (566)	$ (4,545)	$ (2,065)	$ 4,747	$ (7,441)	$ (11,200)
Net (loss) income per share - basic	$ 0.09	$ 0.02	$ (0.01)	$ (0.02)	$ 0	$ (0.01)	$ (0.07)	$ (0.03)	$ 0.07	$ (0.12)	$ (0.18)
Net (loss) income per share - diluted	0.09	0.02	(0.01)	(0.02)	0	(0.01)	(0.07)	(0.03)	$ 0.07	$ (0.12)	$ (0.18)
Common stock price per share:
High	0.54	0.57	0.72	0.78	0.54	0.81	0.90	0.50
Low	$ 0.35	$ 0.38	$ 0.38	$ 0.47	$ 0.42	$ 0.44	$ 0.46	$ 0.38