Mad Catz Interactive (MCZAF) 10-Q 13 Aug 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2015	Jul. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
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 Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		73,469,571

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Current assets:
Cash	$ 2,137	$ 5,142
Accounts receivable, net	6,180	7,823
Other receivables	688	560
Inventories	17,828	15,479
Deferred tax assets	2,245	2,245
Income taxes receivable	341	967
Prepaid expenses and other current assets	1,226	1,293
Total current assets	30,645	33,509
Deferred tax assets	7,641	7,605
Other assets	494	418
Property and equipment, net	3,420	3,376
Intangible assets, net	2,475	2,584
Total assets	44,675	47,492
Current liabilities:
Bank loan	7,916	7,920
Accounts payable	16,686	16,404
Accrued liabilities	4,316	4,196
Notes payable	980	1,015
Income taxes payable	102	141
Total current liabilities	30,000	29,676
Notes payable, less current portion	102	36
Warrant liabilities	1,233	1,187
Deferred tax liabilities	43	43
Deferred rent	786	762
Total liabilities	32,164	31,704
Shareholders' equity:
Common stock, no par value, unlimited shares authorized; 73,469,571 and 73,469,571 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively	63,266	63,128
Accumulated other comprehensive loss	(4,573)	(5,123)
Accumulated deficit	(46,182)	(42,217)
Total shareholders' equity	12,511	15,788
Total liabilities and shareholders' equity	$ 44,675	$ 47,492

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares None in scaling factor is -9223372036854775296		Jun. 30, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value
Common stock, shares authorized	[1]
Common stock, shares issued		73,469,571	73,469,571
Common stock, shares outstanding		73,469,571	73,469,571
[1]	unlimited

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net sales	$ 12,974	$ 16,747
Cost of sales	10,096	11,684
Gross profit	2,878	5,063
Operating expenses:
Sales and marketing	2,716	2,412
General and administrative	2,894	3,151
Research and development	921	522
Amortization of intangible assets	109	109
Total operating expenses	6,640	6,194
Operating loss	(3,762)	(1,131)
Other expense:
Interest expense, net	(257)	(158)
Foreign exchange gain (loss), net	61	(35)
Change in fair value of warrant liabilities	(46)	(19)
Other income	12	81
Total other expense	(230)	(131)
Loss before income taxes	(3,992)	(1,262)
Income tax benefit	27	17
Net loss	$ (3,965)	$ (1,245)
Net loss per share:
Basic	$ (0.05)	$ (0.02)
Diluted	$ (0.05)	$ (0.02)
Shares used in per share computations:
Basic	73,469,571	64,081,689
Diluted	73,469,571	64,081,689

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (3,965)	$ (1,245)
Foreign currency translation adjustments	550	142
Comprehensive loss	$ (3,415)	$ (1,103)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (3,965)	$ (1,245)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	486	501
Accrued and unpaid interest expense on note payable		10
Amortization of deferred financing fees	127	15
Loss on disposal of assets	6
Stock-based compensation	138	123
Change in fair value of warrant liabilities	46	19
Benefit for deferred income taxes	(36)	(37)
Changes in operating assets and liabilities:
Accounts receivable	1,797	629
Other receivables	(116)	134
Inventories	(2,129)	(493)
Prepaid expenses and other current assets	73	190
Other assets	51	162
Accounts payable	157	(96)
Accrued liabilities	272	(262)
Deferred rent	26
Income taxes receivable/payable	651	(227)
Net cash used in operating activities	(2,416)	(577)
Cash flows from investing activities:
Purchases of property and equipment	(309)	(261)
Net cash used in investing activities	(309)	(261)
Cash flows from financing activities:
Borrowings on bank loan	9,431	13,686
Repayments on bank loan	(9,435)	(11,535)
Payment of financing fees	(250)	(50)
Borrowings on notes payable	95
Repayments on notes payable	(79)	(375)
Proceeds from exercise of stock options		66
Payment of expenses related to issuance of common stock	(102)
Net cash (used in) provided by financing activities	(340)	1,792
Effects of foreign currency exchange rate changes on cash	60	15
Net (decrease) increase in cash	(3,005)	969
Cash, beginning of period	5,142	1,496
Cash, end of period	2,137	2,465
Supplemental cash flow information:
Income taxes paid	179	240
Interest paid	$ 265	$ 99

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	(1) Basis of Presentation Nature of Operations Mad Catz Interactive, Inc. (“Mad Catz”) designs, manufactures (primarily through third parties in Asia), markets and distributes innovative interactive entertainment products marketed under its Mad Catz ® ® ® Basis of Accounting The accompanying unaudited consolidated financial information has been prepared by management, without audit, in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The consolidated balance sheet at March 31, 2015 was derived from the audited consolidated financial statements at that date; however, it does not include all disclosures required by accounting principles generally accepted in the United States (“U.S. GAAP”). The Company maintained 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 changed throughout the year. Borrowings under the Credit Facility were secured by a first priority security 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. On June 30, 2015, Mad Catz, Inc. (“MCI”), a wholly-owned subsidiary of the Company, entered into a Loan and Security Agreement (the “Loan Agreement”) with NewStar Business Credit LLC (“NSBC”) to provide for a $20.0 million revolving line of credit (which increases to $35.0 million from September 1, 2015 through December 31, 2015) subject to the availability of eligible accounts receivable and inventories, which changes throughout the year. The Loan Agreement expires on June 30, 2018. The Company is required to meet a monthly financial covenant based on a trailing twelve months’ Adjusted EBITDA, as defined. Additionally, on June 30, 2015, Mad Catz Europe Ltd. (“MCE”), a wholly-owned subsidiary of the Company, entered into a Master Facilities Agreement (the “Facilities Agreement”) with Faunus Group International, Inc. (“FGI”) to provide for a $10.0 million secured demand credit facility subject to the availability of eligible accounts receivable and inventories, which changes throughout the year. The Facilities Agreement has a three-year term, although FGI may terminate the facility at any time upon at least three months’ notice. On July 6, 2015, the closing of the Loan Agreement and Facilities Agreement, the Company used the proceeds to pay in full the obligations outstanding under the credit facility with Wells Fargo, and the agreement with Wells Fargo was terminated. The Company depends upon the availability of capital under the Loan Agreement and Facilities Agreement to finance operations. Compliance with the fiscal 2016 Adjusted EBITDA covenants contained in the Loan Agreement, 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 Adjusted EBITDA covenants contained in the Loan Agreement, NSBC 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 Loan Agreement 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. In the opinion of management, the unaudited consolidated financial statements for the interim period presented reflect all material adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of and for such periods indicated. These unaudited consolidated financial statements and notes hereto should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2015. These consolidated financial statements refer to the Company’s fiscal years ending March 31 as its “fiscal” years. The Company generates a substantial percentage of net sales in the last three months of every calendar year, its fiscal third quarter. Results for the interim periods presented herein are not necessarily indicative of results that may be reported for any other interim period or for the fiscal year ending March 31, 2016. All currency amounts are presented in U.S. dollars. Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of Mad Catz and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. References to the “Company,” “we,” “us,” “our” and other similar words refer to Mad Catz Interactive, Inc. and its consolidated subsidiaries, unless the context suggests otherwise. Use of Estimates The unaudited consolidated financial statements have been prepared in conformity with U.S. GAAP. Applying these principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of sales and expenses during the reporting periods. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventories, valuation and recognition of share-based payments, and income taxes. As future events and their effects cannot be determined with precision, actual results could differ from these estimates. Recently Issued Accounting Standards In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, Simplifying the Measurement of Inventory, which requires entities to measure most inventory “at the lower of cost and net realizable value,” thereby simplifying the current guidance under which and entity must measure inventory at the lower of cost or market. The ASU will not apply to inventories that are measured by using either the last-in, first-out method or the retail inventory method. For public business entities, the ASU is effective prospectively for annual periods beginning after December 15, 2016, and interim periods therein. Upon transition, entities must disclose the nature of and reason for the accounting change. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In April 2015, the FASB issued ASU 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 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. As the requirements of this literature are disclosure only, adoption of this guidance is not expected to impact 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. On July 9, 2015, the FASB agreed to defer by one year the effective date of ASU 2014-09 to annual reporting periods beginning after December 15, 2017, with early adoption as of the original effective date permitted. The Company is currently evaluating the impact of adopting ASU 2014-09.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	(2) Fair Value Measurements The carrying values of the Company’s financial instruments, including cash, accounts receivable, other receivables, accounts payable, accrued liabilities and income taxes receivable/payable approximate their fair values due to the short maturity of these instruments. The carrying value of the bank loan approximates its fair value as the interest rate and other terms are that which is currently available to the Company. The carrying value of the note payable approximates fair value as it represents the present value using an effective interest rate of 5.25%, which approximates the interest rate on the Company’s bank loan. For a description of the fair value hierarchy, see Note 2 to the Company’s 2015 consolidated financial statements contained in the Company’s Annual Report on Form 10-K for its fiscal year ended March 31, 2015. The following tables provide a summary of the recognized assets and liabilities carried at fair value on a recurring basis (in thousands): Basis of Fair Value Measurements Balance as of Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 4) $ (1,233 ) $ — $ — $ (1,233 ) Basis of Fair Value Measurements Balance as of Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 4) $ (1,187 ) $ — $ — $ (1,187 ) The following table provides a roll forward of the Company’s level three fair value measurements during the three months ended June 30, 2015, which consist of the Company’s warrant liabilities (in thousands): Warrant liabilities: Balance at March 31, 2015 $ (1,187 ) Change in fair value of warrant liabilities (46 ) Balance at June 30, 2015 $ (1,233 )

Inventories

Inventories	3 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	(3) Inventories Inventories consist of the following (in thousands): June 30, March 31, Raw materials $ 1,139 $ 735 Finished goods 16,689 14,744 $ 17,828 $ 15,479

Securities Purchase Agreement

Securities Purchase Agreement	3 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Securities Purchase Agreement	(4) Securities Purchase Agreement 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 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 and carried at fair value, with changes in fair value included in net loss until such time as the 2015 Warrants are exercised or expire. The fair value of the 2015 Warrants increased from $1,172,000 as of March 31, 2015 to $1,227,000 as of June 30, 2015, which resulted in a $55,000 loss from the change in fair value of warrant liabilities for the three months ended June 30, 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: June 30, March 31, Expected term 5.25 years 5.5 years Common stock market price $ 0.39 $ 0.37 Risk-free interest rate 1.69 % 1.46 % Expected volatility 100 % 100 % Volatility is prescribed in the 2015 Securities Purchase 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 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 2011 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. As a result of this exercise price reset feature, the 2011 Warrants are classified as liabilities and carried at fair value, with changes in fair value included in net 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 $15,000 as of March 31, 2015 to $6,000 as of June 30, 2015, which resulted in a $9,000 gain from the change in fair value of warrant liabilities for the three months ended June 30, 2015. The 2011 Warrants are not traded in an active securities market, and as such, the Company estimated the fair value of the 2011 Warrants using the Black-Scholes option pricing model using the following assumptions: June 30, March 31, Expected term 1.25 years 1.5 years Common stock market price $ 0.39 $ 0.37 Risk-free interest rate 0.37 % 0.41 % Expected volatility 68.50 % 73.53 % Expected volatility is based primarily on historical volatility. Historical volatility is 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 these 2011 Warrants. The Company currently has no reason to believe future volatility over the expected remaining life of these 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 assumption with regards to future equity issuances and their impact to the down-round protection feature. Significant increases (decreases) in this input in isolation would result in a significantly higher (lower) fair value measurement.

Basic and Diluted Net Loss per

Basic and Diluted Net Loss per Share	3 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Basic and Diluted Net Loss per Share	(5) Basic and Diluted Net Loss per Share Basic net loss per share is calculated by dividing the net loss for the period by the weighted average number of common shares outstanding during the period. Diluted net loss per share includes the impact of potentially dilutive securities unless inclusion of such securities would be anti-dilutive. Outstanding options to purchase an aggregate of 7,921,173 and 6,932,026 shares of the Company’s common stock for the three months ended June 30, 2015 and 2014, respectively, and outstanding warrants to purchase an aggregate of 7,031,305 and 2,540,918 shares of the Company’s common stock for each of the three months ended June 30, 2015 and 2014, respectively, were excluded from the diluted net loss per share calculations because of their anti-dilutive effect during these periods.

Geographic and Product Line Dat

Geographic and Product Line Data and Concentrations	3 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Geographic and Product Line Data and Concentrations	(6) Geographic and Product Line Data and Concentrations The Company’s net sales are attributed to the following geographic regions (in thousands): Three Months Ended June 30, 2015 2014 EMEA $ 5,643 $ 8,373 Americas 4,974 5,449 APAC 2,357 2,925 $ 12,974 $ 16,747 Revenue is attributed to geographic regions based on the location of the customer. During the three months ended June 30, 2015 one customer accounted for approximately 17% and one other customer accounted for 12% of the Company’s gross sales. During the three months ended June 30, 2014 one customer accounted for approximately 12% of the Company’s gross sales. At June 30, 2015, two customers represented 16%, each, of accounts receivable. At March 31, 2015, two customers represented 14%, each, of accounts receivable and another customer represented 11% of accounts receivable. At June 30, 2015 and 2014, no other customers accounted for greater than 10% of gross sales. At June 30, 2015 and March 31, 2015, no other customers accounted for greater than 10% of accounts receivable. The Company’s sales by platform as a percentage of gross sales were as follows: Three Months Ended 2015 2014 PC and Mac 45 % 47 % Next gen consoles (a) 28 % 12 % Universal 15 % 25 % Smart devices 10 % 8 % Legacy consoles (b) 2 % 7 % All others — % 1 % 100 % 100 % (a) Includes products developed for Xbox One, PlayStation 4 and Wii U. (b) Includes products developed for Xbox 360, PlayStation 3 and Wii. The Company’s sales by product category as a percentage of gross sales were as follows: Three Months Ended 2015 2014 Audio 38 % 39 % Specialty controllers 32 % 22 % Mice and keyboards 17 % 26 % Controllers 8 % 7 % Accessories 4 % 5 % Games and other 1 % 1 % 100 % 100 % The Company’s sales by brand as a percentage of gross sales were as follows: Three Months Ended 2015 2014 Tritton 34 % 36 % Mad Catz 34 % 35 % Saitek 24 % 18 % All others 8 % 11 % 100 % 100 %

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	(7) Subsequent Events The Company maintained 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 changed throughout the year. Borrowings under the Credit Facility were secured by a first priority security 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. On June 30, 2015, Mad Catz, Inc. (“MCI”), a wholly-owned subsidiary of the Company, entered into a Loan and Security Agreement (the “Loan Agreement”) with NewStar Business Credit LLC (“NSBC”) to provide for a $20.0 million revolving line of credit (which increases to $35.0 million from September 1, 2015 through December 31, 2015) subject to the availability of eligible accounts receivable and inventories, which changes throughout the year. The Loan Agreement expires on June 30, 2018. Pursuant to the Loan Agreement, NSBC will advance MCI up to 85% of the value of eligible accounts receivables, depending on dilution rates. Also, MCI may borrow against eligible inventory, subject to an inventory sublimit amount and certain other conditions. The inventory sublimit amount will be the lesser of 85% of net orderly liquidation value of eligible inventory, 60% of the lower of cost or market value of eligible inventory, or 2.3333 times eligible accounts receivable under the Loan Agreement. Borrowings under the Loan Agreement accrue interest on the daily outstanding balance at 4.5% plus 30-day LIBOR rate per annum, with a LIBOR floor of 1.0%. MCI is also required to pay a commitment fee equal to 1.0% of the facility upon entry into the Loan Agreement, an unused line fee equal to 0.25% per annum of the unused portion of the facility and a collateral monitoring fee of $1,500 per month. The Company is required to meet a monthly financial covenant based on a trailing twelve months’ Adjusted EBITDA, as defined. Additionally, on June 30, 2015, Mad Catz Europe Ltd. (“MCE”), a wholly-owned subsidiary of the Company, entered into a Master Facilities Agreement (the “Facilities Agreement”) with Faunus Group International, Inc. (“FGI”) to provide for a $10.0 million secured demand credit facility subject to the availability of eligible accounts receivable and inventories, which changes throughout the year. The Facilities Agreement has a three-year term, although FGI may terminate the facility at any time upon at least three months’ notice. Pursuant to the Facilities Agreement, FGI will advance MCE up to 85% of the value of eligible accounts receivable, depending on dilution rates. Also, MCE may borrow against eligible inventory, subject to an inventory sublimit amount and certain other conditions. On July 6, 2015, the closing of the Loan Agreement and Facilities Agreement, the Company used the proceeds to pay in full the obligations outstanding under the credit facility with Wells Fargo, and the agreement with Wells Fargo was terminated.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Mad Catz Interactive, Inc. (“Mad Catz”) designs, manufactures (primarily through third parties in Asia), markets and distributes innovative interactive entertainment products marketed under its Mad Catz ® ® ®
Basis of Accounting	Basis of Accounting The accompanying unaudited consolidated financial information has been prepared by management, without audit, in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The consolidated balance sheet at March 31, 2015 was derived from the audited consolidated financial statements at that date; however, it does not include all disclosures required by accounting principles generally accepted in the United States (“U.S. GAAP”). The Company maintained 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 changed throughout the year. Borrowings under the Credit Facility were secured by a first priority security 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. On June 30, 2015, Mad Catz, Inc. (“MCI”), a wholly-owned subsidiary of the Company, entered into a Loan and Security Agreement (the “Loan Agreement”) with NewStar Business Credit LLC (“NSBC”) to provide for a $20.0 million revolving line of credit (which increases to $35.0 million from September 1, 2015 through December 31, 2015) subject to the availability of eligible accounts receivable and inventories, which changes throughout the year. The Loan Agreement expires on June 30, 2018. The Company is required to meet a monthly financial covenant based on a trailing twelve months’ Adjusted EBITDA, as defined. Additionally, on June 30, 2015, Mad Catz Europe Ltd. (“MCE”), a wholly-owned subsidiary of the Company, entered into a Master Facilities Agreement (the “Facilities Agreement”) with Faunus Group International, Inc. (“FGI”) to provide for a $10.0 million secured demand credit facility subject to the availability of eligible accounts receivable and inventories, which changes throughout the year. The Facilities Agreement has a three-year term, although FGI may terminate the facility at any time upon at least three months’ notice. On July 6, 2015, the closing of the Loan Agreement and Facilities Agreement, the Company used the proceeds to pay in full the obligations outstanding under the credit facility with Wells Fargo, and the agreement with Wells Fargo was terminated. The Company depends upon the availability of capital under the Loan Agreement and Facilities Agreement to finance operations. Compliance with the fiscal 2016 Adjusted EBITDA covenants contained in the Loan Agreement, 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 Adjusted EBITDA covenants contained in the Loan Agreement, NSBC 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 Loan Agreement 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. In the opinion of management, the unaudited consolidated financial statements for the interim period presented reflect all material adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of and for such periods indicated. These unaudited consolidated financial statements and notes hereto should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2015. These consolidated financial statements refer to the Company’s fiscal years ending March 31 as its “fiscal” years. The Company generates a substantial percentage of net sales in the last three months of every calendar year, its fiscal third quarter. Results for the interim periods presented herein are not necessarily indicative of results that may be reported for any other interim period or for the fiscal year ending March 31, 2016. All currency amounts are presented in U.S. dollars.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of Mad Catz and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. References to the “Company,” “we,” “us,” “our” and other similar words refer to Mad Catz Interactive, Inc. and its consolidated subsidiaries, unless the context suggests otherwise.
Use of Estimates	Use of Estimates The unaudited consolidated financial statements have been prepared in conformity with U.S. GAAP. Applying these principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of sales and expenses during the reporting periods. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventories, valuation and recognition of share-based payments, and income taxes. As future events and their effects cannot be determined with precision, actual results could differ from these estimates.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, Simplifying the Measurement of Inventory, which requires entities to measure most inventory “at the lower of cost and net realizable value,” thereby simplifying the current guidance under which and entity must measure inventory at the lower of cost or market. The ASU will not apply to inventories that are measured by using either the last-in, first-out method or the retail inventory method. For public business entities, the ASU is effective prospectively for annual periods beginning after December 15, 2016, and interim periods therein. Upon transition, entities must disclose the nature of and reason for the accounting change. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In April 2015, the FASB issued ASU 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 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. As the requirements of this literature are disclosure only, adoption of this guidance is not expected to impact 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. On July 9, 2015, the FASB agreed to defer by one year the effective date of ASU 2014-09 to annual reporting periods beginning after December 15, 2017, with early adoption as of the original effective date permitted. The Company is currently evaluating the impact of adopting ASU 2014-09.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Recognized Assets and Liabilities Carried at Fair Value on Recurring Basis	The following tables provide a summary of the recognized assets and liabilities carried at fair value on a recurring basis (in thousands): Basis of Fair Value Measurements Balance as of Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 4) $ (1,233 ) $ — $ — $ (1,233 ) Basis of Fair Value Measurements Balance as of Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 4) $ (1,187 ) $ — $ — $ (1,187 )
Fair Value Measurements of Warrant Liabilities	The following table provides a roll forward of the Company’s level three fair value measurements during the three months ended June 30, 2015, which consist of the Company’s warrant liabilities (in thousands): Warrant liabilities: Balance at March 31, 2015 $ (1,187 ) Change in fair value of warrant liabilities (46 ) Balance at June 30, 2015 $ (1,233 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following (in thousands): June 30, March 31, Raw materials $ 1,139 $ 735 Finished goods 16,689 14,744 $ 17,828 $ 15,479

Securities Purchase Agreement (

Securities Purchase Agreement (Tables)	3 Months Ended
	Jun. 30, 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: June 30, March 31, Expected term 5.25 years 5.5 years Common stock market price $ 0.39 $ 0.37 Risk-free interest rate 1.69 % 1.46 % Expected volatility 100 % 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 estimated the fair value of the 2011 Warrants using the Black-Scholes option pricing model using the following assumptions: June 30, March 31, Expected term 1.25 years 1.5 years Common stock market price $ 0.39 $ 0.37 Risk-free interest rate 0.37 % 0.41 % Expected volatility 68.50 % 73.53 %

Geographic and Product Line D18

Geographic and Product Line Data and Concentrations (Tables)	3 Months Ended
	Jun. 30, 2015
Sales Attributed to Geographic Regions	The Company’s net sales are attributed to the following geographic regions (in thousands): Three Months Ended June 30, 2015 2014 EMEA $ 5,643 $ 8,373 Americas 4,974 5,449 APAC 2,357 2,925 $ 12,974 $ 16,747
Platform [Member]
Summary of Sales by Platform, Product Category and Brand	The Company’s sales by platform as a percentage of gross sales were as follows: Three Months Ended 2015 2014 PC and Mac 45 % 47 % Next gen consoles (a) 28 % 12 % Universal 15 % 25 % Smart devices 10 % 8 % Legacy consoles (b) 2 % 7 % All others — % 1 % 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	The Company’s sales by product category as a percentage of gross sales were as follows: Three Months Ended 2015 2014 Audio 38 % 39 % Specialty controllers 32 % 22 % Mice and keyboards 17 % 26 % Controllers 8 % 7 % Accessories 4 % 5 % Games and other 1 % 1 % 100 % 100 %
Brand [Member]
Summary of Sales by Platform, Product Category and Brand	The Company’s sales by brand as a percentage of gross sales were as follows: Three Months Ended 2015 2014 Tritton 34 % 36 % Mad Catz 34 % 35 % Saitek 24 % 18 % All others 8 % 11 % 100 % 100 %

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - Jun. 30, 2015 - USD ($)	Total
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Line of credit facility covenant compliance	The Company is required to meet a monthly financial covenant based on a trailing twelve months' Adjusted EBITDA, as defined.
FGI [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Facilities agreement expiration period	3 years
Wells Fargo [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Loan agreement and facilities agreement expiration date	Jul. 6, 2015
Loan and Security Agreement [Member] | NewStar Business Credit LLC [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Loan and security agreement date	Jun. 30, 2015
Loan agreement and facilities agreement expiration date	Jun. 30, 2018
Revolving Credit Facility [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Credit facility maximum borrowing capacity	$ 25,000,000
Revolving Credit Facility [Member] | FGI [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Secured demand credit facility	10,000,000
Revolving Credit Facility [Member] | Loan and Security Agreement [Member] | NewStar Business Credit LLC [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Credit facility maximum borrowing capacity	20,000,000
September 1, 2015 through December 31, 2015 [Member] | Revolving Credit Facility [Member] | Loan and Security Agreement [Member] | NewStar Business Credit LLC [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Credit facility maximum borrowing capacity	$ 35,000,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Jun. 30, 2015
Notes Payable [Member]
Short-term Debt [Line Items]
Note payable, interest rate percentage	5.25%

Fair Value Measurements - Recog

Fair Value Measurements - Recognized Assets and Liabilities Carried at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Liabilities:
Warrant liabilities (Note 4)	$ (1,233)	$ (1,187)
Outstanding warrants [Member]
Liabilities:
Warrant liabilities (Note 4)	(1,233)	(1,187)
Level 3 [Member]
Liabilities:
Warrant liabilities (Note 4)	(1,233)	(1,187)
Level 3 [Member] | Outstanding warrants [Member]
Liabilities:
Warrant liabilities (Note 4)	$ (1,233)	$ (1,187)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurements of Warrant Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Warrant liabilities:
Beginning Balance	$ (1,187)
Change in fair value of warrant liabilities	(46)	$ (19)
Ending Balance	(1,233)
Level 3 [Member]
Warrant liabilities:
Beginning Balance	(1,187)
Change in fair value of warrant liabilities	(46)
Ending Balance	$ (1,233)

Inventories - Schedule of Inven

Inventories - Schedule of Inventory (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 1,139	$ 735
Finished goods	16,689	14,744
Inventories	$ 17,828	$ 15,479

Securities Purchase Agreement -

Securities Purchase Agreement - Additional Information (Detail) - USD ($)	Sep. 24, 2015	Mar. 24, 2015	Oct. 21, 2011	Apr. 30, 2011	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Sale of common stock					73,469,571		73,469,571
Fair value of warrants					$ 1,233,000		$ 1,187,000
Change in fair value of warrant liabilities					$ 46,000	$ 19,000
2015 Securities Purchase Agreement [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Sale of common stock		8,980,773
Warrants to purchase shares of common stock		4,490,387
Securities issued price per share		$ 0.41			$ 0.39		$ 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					$ 1,227,000		$ 1,172,000
Change in fair value of warrant liabilities					$ 55,000
Expected volatility					100.00%		100.00%
2015 Securities Purchase Agreement [Member] | Common Stockholders [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Ownership percentage					9.99%
2015 Securities Purchase Agreement [Member] | Affiliates [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Ownership percentage					4.99%
2015 Securities Purchase Agreement [Member] | Scenario, Forecast [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants exercise price	$ 0.61
2011 Securities Purchase Agreement [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Sale of common stock				6,352,293
Warrants to purchase shares of common stock				2,540,918
Securities issued price per share				$ 1.92	$ 0.39		$ 0.37
Proceeds from issuance of Securities				$ 12,196,000
Warrants exercise price			$ 2.56
Warrants expiration date					Oct. 21, 2016
Fair value of warrants					$ 6,000		$ 15,000
Change in fair value of warrant liabilities					$ (9,000)
Expected volatility					68.50%		73.53%

Securities Purchase Agreement25

Securities Purchase Agreement - Estimated Fair Value of Warrants (Detail) - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Mar. 24, 2015	Apr. 30, 2011
2015 Securities Purchase Agreement [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Expected term	5 years 3 months	5 years 6 months
Common stock market price	$ 0.39	$ 0.37	$ 0.41
Risk-free interest rate	1.69%	1.46%
Expected volatility	100.00%	100.00%
2011 Securities Purchase Agreement [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Expected term	1 year 3 months	1 year 6 months
Common stock market price	$ 0.39	$ 0.37		$ 1.92
Risk-free interest rate	0.37%	0.41%
Expected volatility	68.50%	73.53%

Basic and Diluted Net Loss pe26

Basic and Diluted Net Loss per Share - Additional Information (Detail) - shares	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Outstanding options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of diluted net loss per share	7,921,173	6,932,026
Outstanding warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of diluted net loss per share	7,031,305	2,540,918

Geographic and Product Line D27

Geographic and Product Line Data and Concentrations - Sales Attributed to Geographic Regions (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net sales	$ 12,974	$ 16,747
EMEA [Member]
Segment Reporting Information [Line Items]
Net sales	5,643	8,373
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	4,974	5,449
APAC [Member]
Segment Reporting Information [Line Items]
Net sales	$ 2,357	$ 2,925

Geographic and Product Line D28

Geographic and Product Line Data and Concentrations - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015
Customer Concentration Risk [Member] | Customer one [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	17.00%	12.00%
Customer Concentration Risk [Member] | Customer two [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	12.00%
Customer Concentration Risk [Member] | Customer two [Member] | Maximum [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	10.00%	10.00%
Credit Concentration Risk [Member] | Customer one [Member] | Accounts receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	16.00%		14.00%
Credit Concentration Risk [Member] | Customer two [Member] | Accounts receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	16.00%		11.00%
Credit Concentration Risk [Member] | Customer two [Member] | Maximum [Member] | Accounts receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	10.00%		10.00%

Geographic and Product Line D29

Geographic and Product Line Data and Concentrations - Summary of Sales by Platform (Detail) - Platform [Member] - Sales [Member]	3 Months Ended
	Jun. 30, 2015	Jun. 30, 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	45.00%	47.00%
Next gen consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	28.00%	12.00%
Universal [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	15.00%	25.00%
Smart devices [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	10.00%	8.00%
Legacy consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	2.00%	7.00%
All others [Member]
Concentration Risk [Line Items]
Percentage of sales by platform		1.00%

Geographic and Product Line D30

Geographic and Product Line Data and Concentrations - Summary of Sales by Product Category (Detail) - Product Category [Member] - Sales [Member]	3 Months Ended
	Jun. 30, 2015	Jun. 30, 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	38.00%	39.00%
Specialty controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	32.00%	22.00%
Mice and Keyboards [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	17.00%	26.00%
Controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	8.00%	7.00%
Accessories [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	4.00%	5.00%
Games and other [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	1.00%	1.00%

Geographic and Product Line D31

Geographic and Product Line Data and Concentrations - Summary of Sales by Brand (Detail) - Brand [Member] - Sales [Member]	3 Months Ended
	Jun. 30, 2015	Jun. 30, 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	34.00%	36.00%
Mad Catz [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	34.00%	35.00%
Saitek [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	24.00%	18.00%
All others [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	8.00%	11.00%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Jun. 30, 2015 - USD ($)	Total
Subsequent Event [Line Items]
Eligible of inventory sublimit description	The inventory sublimit amount will be the lesser of 85% of net orderly liquidation value of eligible inventory, 60% of the lower of cost or market value of eligible inventory, or 2.3333 times eligible accounts receivable under the Loan Agreement.
Line of credit interest rate description	Borrowings under the Loan Agreement accrue interest on the daily outstanding balance at 4.5% plus 30-day LIBOR rate per annum, with a LIBOR floor of 1.0%.
Line of credit facility covenant compliance	The Company is required to meet a monthly financial covenant based on a trailing twelve months' Adjusted EBITDA, as defined.
Mad Catz [Member]
Subsequent Event [Line Items]
Commitment facility fee	1.00%
Percentage of unused line fee	0.25%
Unused portion of collateral monitoring fee	$ 1,500
NewStar Business Credit LLC [Member] | Loan and Security Agreement [Member]
Subsequent Event [Line Items]
Loan and security agreement date	Jun. 30, 2015
Loan agreement and facilities agreement expiration date	Jun. 30, 2018
NSBC will advance MCI [Member]
Subsequent Event [Line Items]
Percentage of the value of eligible accounts receivables	85.00%
FGI will advance MCE [Member]
Subsequent Event [Line Items]
Percentage of the value of eligible accounts receivables	85.00%
FGI [Member]
Subsequent Event [Line Items]
Facilities agreement expiration period	3 years
Wells Fargo [Member]
Subsequent Event [Line Items]
Loan agreement and facilities agreement expiration date	Jul. 6, 2015
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit facility maximum borrowing capacity	$ 25,000,000
Revolving Credit Facility [Member] | NewStar Business Credit LLC [Member] | Loan and Security Agreement [Member]
Subsequent Event [Line Items]
Credit facility maximum borrowing capacity	20,000,000
Revolving Credit Facility [Member] | FGI [Member]
Subsequent Event [Line Items]
Secured demand credit facility	10,000,000
Revolving Credit Facility [Member] | September 1, 2015 through December 31, 2015 [Member] | NewStar Business Credit LLC [Member] | Loan and Security Agreement [Member]
Subsequent Event [Line Items]
Credit facility maximum borrowing capacity	$ 35,000,000