Mad Catz Interactive (MCZAF) 10-Q 9 Feb 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2015	Jan. 31, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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	Dec. 31, 2015	Mar. 31, 2015
Current assets:
Cash	$ 3,986	$ 5,142
Restricted cash	5,780
Accounts receivable, net	26,944	7,823
Other receivables	1,384	560
Inventories	27,738	15,479
Deferred tax assets	169	2,245
Income taxes receivable	341	967
Prepaid expenses and other current assets	2,707	1,293
Total current assets	69,049	33,509
Deferred tax assets	7,585	7,605
Other assets	606	418
Property and equipment, net	3,682	3,376
Intangible assets, net	2,377	2,584
Total assets	83,299	47,492
Current liabilities:
Bank loans	27,502	7,920
Accounts payable	28,351	16,404
Accrued liabilities	12,778	4,196
Notes payable	637	1,015
Income taxes payable	536	141
Total current liabilities	69,804	29,676
Notes payable, less current portion	158	36
Warrant liabilities	904	1,187
Deferred tax liabilities	43	43
Deferred rent	691	762
Total liabilities	71,600	31,704
Shareholders' equity:
Common stock, no par value, unlimited shares authorized; 73,469,571 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively	63,485	63,128
Accumulated other comprehensive loss	(5,212)	(5,123)
Accumulated deficit	(46,574)	(42,217)
Total shareholders' equity	11,699	15,788
Total liabilities and shareholders' equity	$ 83,299	$ 47,492

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value
Common stock, shares authorized	Unlimited	Unlimited
Common stock, shares issued	73,469,571	73,469,571
Common stock, shares outstanding	73,469,571	73,469,571

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Net sales	$ 65,038	$ 30,451	$ 116,930	$ 69,665
Cost of sales	53,633	22,273	93,641	49,693
Gross profit	11,405	8,178	23,289	19,972
Operating expenses:
Sales and marketing	4,865	2,673	12,038	8,562
General and administrative	2,600	2,337	8,132	8,210
Research and development	1,007	852	2,869	2,220
Amortization of intangible assets	112	109	332	328
Total operating expenses	8,584	5,971	23,371	19,320
Operating income (loss)	2,821	2,207	(82)	652
Other expense:
Interest expense, net	(657)	(238)	(1,278)	(563)
Foreign currency exchange loss, net	(657)	(83)	(750)	(500)
Change in fair value of warrant liabilities	1,200	1	283	56
Other income	18	13	40	92
Total other expense	(96)	(307)	(1,705)	(915)
Income (loss) before income taxes	2,725	1,900	(1,787)	(263)
Income tax expense	(1,506)	(542)	(2,570)	(546)
Net income (loss)	$ 1,219	$ 1,358	$ (4,357)	$ (809)
Net income (loss) per share:
Basic	$ 0.02	$ 0.02	$ (0.06)	$ (0.01)
Diluted	$ 0.02	$ 0.02	$ (0.06)	$ (0.01)
Shares used in per share computations:
Basic	73,469,571	64,488,798	73,469,571	64,240,446
Diluted	73,902,905	64,644,470	73,469,571	64,240,446

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,219	$ 1,358	$ (4,357)	$ (809)
Foreign currency translation adjustments	(295)	(1,170)	(89)	(1,965)
Comprehensive income (loss)	$ 924	$ 188	$ (4,446)	$ (2,774)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net loss	$ (4,357)	$ (809)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,711	1,549
Accrued and unpaid interest expense on note payable		10
Amortization of deferred financing fees	262	57
Loss on disposal of assets	4	8
Stock-based compensation	357	376
Change in fair value of warrant liabilities	(283)	(56)
Provision for deferred income taxes	2,096	114
Changes in operating assets and liabilities:
Accounts receivable	(19,150)	(7,314)
Other receivables	(825)	511
Inventories	(12,277)	(1,460)
Prepaid expenses and other current assets	(1,168)	(49)
Other assets	114	36
Accounts payable	12,031	2,585
Accrued liabilities	8,698	(292)
Deferred rent	(71)	553
Income taxes receivable/payable	1,019	(50)
Net cash used in operating activities	(11,839)	(4,231)
Cash flows from investing activities:
Purchases of intangible assets	(125)
Purchases of property and equipment	(1,600)	(1,604)
Net cash used in investing activities	(1,725)	(1,604)
Cash flows from financing activities:
Borrowings on bank loans	103,629	53,839
Repayments on bank loans	(84,047)	(44,824)
Payment of financing fees	(818)	(50)
Changes in restricted cash	(5,780)
Borrowings on notes payable	95
Repayments on notes payable	(501)	(791)
Proceeds from exercise of stock options		236
Payment of expenses related to issuance of common stock	(164)
Net cash provided by financing activities	12,414	8,410
Effects of foreign currency exchange rate changes on cash	(6)	(181)
Net increase in cash	(1,156)	2,394
Cash, beginning of period	5,142	1,496
Cash, end of period	3,986	3,890
Supplemental cash flow information:
Income taxes paid	314	578
Interest paid	$ 1,190	$ 350

Basis of Presentation

Basis of Presentation	9 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [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 Regulation S-X. 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 February 29, 2016) 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 date 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. 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, as amended from time to time, 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 Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of Mad Catz and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. References to the “Company,” “we,” “us,” “our” and other similar words refer to Mad Catz Interactive, Inc. and its consolidated subsidiaries, unless the context suggests otherwise. Use of Estimates The unaudited consolidated financial statements have been prepared in conformity with U.S. GAAP. Applying these principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of sales and expenses during the reporting periods. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventories, contingencies and litigation, valuation and recognition of share-based payments, warrant liabilities 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 November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, Balance Sheet Classification of Deferred Taxes, which removes the requirement to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified statement of financial position. Instead, the update requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for public business entities for fiscal years beginning after December 15, 2016, with prospective or retrospective application allowed to all periods presented. Early application is permitted. The Company has elected not to early adopt this guidance and the adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In July 2015, the FASB issued ASU 2015-11, In April 2015, the FASB issued ASU 2015-03, (Subtopic 835-30): ASU 2015-15, (Subtopic 835-30): ASU 2015-15 Subtopic 835-30 In August 2014, the FASB issued ASU 2014-15, ASU 2014-15 In May 2014, the FASB issued ASU 2014-09, ASU 2014-09 ASU 2014-09 ASU 2014-09.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	(2) Fair Value Measurements The carrying values of the Company’s financial instruments, including cash, restricted 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 loans approximates their 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 domestic 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 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 December 31, 2015 Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 5) $ (904 ) $ — $ — $ (904 ) Basis of Fair Value Measurements Balance as of Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 5) $ (1,187 ) $ — $ — $ (1,187 ) The following table provides a roll forward of the Company’s level three fair value measurements during the nine months ended December 31, 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 283 Balance at December 31, 2015 $ (904 )

Inventories

Inventories	9 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventories	(3) Inventories Inventories consist of the following (in thousands): December 31, 2015 March 31, 2015 Raw materials $ 1,830 $ 735 Finished goods 25,908 14,744 $ 27,738 $ 15,479

Restricted cash

Restricted cash	9 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Restricted cash	(4) Restricted cash Cash accounts that are restricted as to withdrawal or usage are presented as restricted cash. As of December 31, 2015, the Company had $5.8 million of restricted cash held by a bank in deposit accounts. This amount represents payments from customers into restricted bank accounts on December 31, 2015 that were subsequently automatically swept to repay borrowings under our bank loans.

Securities Purchase Agreements

Securities Purchase Agreements	9 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Securities Purchase Agreements	(5) 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 for aggregate gross proceeds of approximately $3,682,000. The 2015 Warrants became 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 income (loss) until such time as the 2015 Warrants are exercised or expire. The fair value of the 2015 Warrants decreased from $1,172,000 as of March 31, 2015 to $904,000 as of December 31, 2015, which resulted in a $268,000 gain from the change in fair value of warrant liabilities for the nine months ended December 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: December 31, 2015 March 31, 2015 Expected term 4.75 years 5.5 years Common stock market price $ 0.40 $ 0.37 Risk-free interest rate 1.70 % 1.46 % Expected volatility 73.53 % 100 % 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 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 $15,000 as of March 31, 2015 to $0 as of December 31, 2015, which resulted in a $15,000 gain from the change in fair value of warrant liabilities for the nine months ended December 31, 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: December 31, 2015 March 31, 2015 Expected term 0.75 years 1.5 years Common stock market price $ 0.40 $ 0.37 Risk-free interest rate 0.57 % 0.41 % Expected volatility 64.23 % 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.

At the Market Offering Agreemen

At the Market Offering Agreement	9 Months Ended
	Dec. 31, 2015
Equity [Abstract]
At the Market Offering Agreement	(6) At the Market Offering Agreement On November 4, 2015, the Company established an “at-the-market” (“ATM”) equity offering program through which the Company may sell from time to time up to an aggregate of $25.0 million of our common stock. As of December 31, 2015, no shares of the Company’s common stock have been sold.

Basic and Diluted Net Income (L

Basic and Diluted Net Income (Loss) per Share	9 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Basic and Diluted Net Income (Loss) per Share	(7) Basic and Diluted Net Income (Loss) per Share Basic net income (loss) per share is calculated by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share includes the impact of potentially dilutive securities unless inclusion of such securities would be anti-dilutive. The following table sets forth the computation of diluted weighted average common and potential common shares outstanding for the three and nine months ended December 31, 2015 and 2014: Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Numerator: Net income (loss) $ 1,219 $ 1,358 $ (4,357 ) $ (809 ) Denominator: Weighted average shares used to compute basic loss per share 73,469,571 64,488,798 73,469,571 64,240,446 Effect of dilutive share-based awards 433,334 155,672 — — Denominator for diluted net income (loss) per share 73,902,905 64,644,470 73,469,571 64,240,446 Basic income (loss) per share $ 0.02 $ 0.02 $ (0.06 ) $ (0.01 ) Diluted income (loss) per share $ 0.02 $ 0.02 $ (0.06 ) $ (0.01 ) Outstanding options to purchase an aggregate of 7,687,983 and 7,994,415 shares of the Company’s common stock for the three and nine months ended December 31, 2015, respectively, and 7,749,132 and 7,310,704 shares of the Company’s common stock for the three and nine months ended December 31, 2014, respectively, were excluded from the diluted net income (loss) per share calculations because of their anti-dilutive effect during these periods. Outstanding warrants to purchase an aggregate of 7,031,305 shares of the Company’s common stock for each of the three and nine months ended December 31, 2015 and 2,540,918 shares of the Company’s common stock for each of the three and nine months ended December 31, 2014 were excluded from the diluted net income (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	9 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Geographic and Product Line Data and Concentrations	(8) Geographic and Product Line Data and Concentrations The Company’s net sales are attributed to the following geographic regions (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Americas $ 47,002 $ 9,573 $ 79,003 $ 22,281 EMEA 16,702 17,825 32,000 37,104 APAC 1,334 3,053 5,927 10,280 $ 65,038 $ 30,451 $ 116,930 $ 69,665 Revenue is attributed to geographic regions based on the location of the customer. During the three and nine months ended December 31, 2015, one customer accounted for approximately 29% and 25% of the Company’s gross sales, respectively and one other customer accounted for approximately 14% and 15% of the Company’s gross sales, respectively. During the three and nine months ended December 31, 2014, one customer accounted for approximately 15% and 13% of the Company’s gross sales, respectively, another customer accounted for approximately 11% and 10% of the Company’s gross sales, respectively, and one other customer accounted for approximately 10% and 9% of the Company’s gross sales, respectively. At December 31, 2015, one customer represented 35% of accounts receivable and another customer represented 16% of accounts receivable. At March 31, 2015, two customers represented 14%, each, of accounts receivable and another customer represented 11% of accounts receivable. During the three and nine months ended December 31, 2015 and 2014, no other customers accounted for greater than 10% of gross sales. At December 31, 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 December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Next gen consoles (a) 79 % 21 % 71 % 19 % PC and Mac 14 % 43 % 19 % 44 % Universal 5 % 25 % 6 % 23 % Smart devices 2 % 5 % 3 % 8 % Legacy consoles (b) — % 6 % 1 % 6 % 100 % 100 % 100 % 100 % (a) Includes products developed for Xbox One, PlayStation 4 and Wii U. (b) Includes products developed for Xbox 360, PlayStation 3 and Wii. The Company’s sales by product category as a percentage of gross sales were as follows: Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Specialty controllers 72 % 22 % 67 % 23 % Audio 16 % 47 % 18 % 43 % Mice and keyboards 6 % 23 % 8 % 23 % Accessories 4 % 4 % 3 % 4 % Games and other 1 % — % 2 % 1 % Controllers 1 % 4 % 2 % 6 % 100 % 100 % 100 % 100 % The Company’s sales by brand as a percentage of gross sales were as follows: Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Mad Catz 78 % 34 % 72 % 34 % Tritton 15 % 44 % 17 % 39 % Saitek 6 % 17 % 9 % 18 % All others 1 % 5 % 2 % 9 % 100 % 100 % 100 % 100 %

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	(9) Subsequent Events On February 5, 2016, the Company’s Board of Directors approved a restructuring plan in order to lower operating costs, increase efficiencies and better align the Company’s workforce with the needs of the business. The plan consists of a reduction in the number of Company positions across the organization equal to approximately 37% of its total workforce. As a result of the reductions, the Company expects to record cash restructuring charges during the fourth quarter of fiscal 2016, comprised primarily of severance and benefits afforded to terminated employees and executive officers, of approximately $3.0 million. The Company anticipates that the actions associated with the reductions will be substantially completed by the end of the fiscal fourth quarter of 2016.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [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 Regulation S-X. 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 February 29, 2016) 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 date 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. 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, as amended from time to time, 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
Principles of Consolidation	Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of Mad Catz and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. References to the “Company,” “we,” “us,” “our” and other similar words refer to Mad Catz Interactive, Inc. and its consolidated subsidiaries, unless the context suggests otherwise.
Use of Estimates	Use of Estimates The unaudited consolidated financial statements have been prepared in conformity with U.S. GAAP. Applying these principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of sales and expenses during the reporting periods. On an ongoing basis, the Company evaluates its estimates, including those related to asset impairments, reserves for accounts receivable and inventories, contingencies and litigation, valuation and recognition of share-based payments, warrant liabilities 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 November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, Balance Sheet Classification of Deferred Taxes, which removes the requirement to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified statement of financial position. Instead, the update requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for public business entities for fiscal years beginning after December 15, 2016, with prospective or retrospective application allowed to all periods presented. Early application is permitted. The Company has elected not to early adopt this guidance and the adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In July 2015, the FASB issued ASU 2015-11, In April 2015, the FASB issued ASU 2015-03, (Subtopic 835-30): ASU 2015-15, (Subtopic 835-30): ASU 2015-15 Subtopic 835-30 In August 2014, the FASB issued ASU 2014-15, ASU 2014-15 In May 2014, the FASB issued ASU 2014-09, ASU 2014-09 ASU 2014-09 ASU 2014-09.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Recognized Assets and Liabilities Carried, Recurring at Fair Value	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 December 31, 2015 Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 5) $ (904 ) $ — $ — $ (904 ) Basis of Fair Value Measurements Balance as of Level 1 Level 2 Level 3 Liabilities: Warrant liabilities (Note 5) $ (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 nine months ended December 31, 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 283 Balance at December 31, 2015 $ (904 )

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following (in thousands): December 31, 2015 March 31, 2015 Raw materials $ 1,830 $ 735 Finished goods 25,908 14,744 $ 27,738 $ 15,479

Securities Purchase Agreements

Securities Purchase Agreements (Tables)	9 Months Ended
	Dec. 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: December 31, 2015 March 31, 2015 Expected term 4.75 years 5.5 years Common stock market price $ 0.40 $ 0.37 Risk-free interest rate 1.70 % 1.46 % Expected volatility 73.53 % 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: December 31, 2015 March 31, 2015 Expected term 0.75 years 1.5 years Common stock market price $ 0.40 $ 0.37 Risk-free interest rate 0.57 % 0.41 % Expected volatility 64.23 % 73.53 %

Basic and Diluted Net Income 20

Basic and Diluted Net Income (Loss) per Share (Tables)	9 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
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 three and nine months ended December 31, 2015 and 2014: Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Numerator: Net income (loss) $ 1,219 $ 1,358 $ (4,357 ) $ (809 ) Denominator: Weighted average shares used to compute basic loss per share 73,469,571 64,488,798 73,469,571 64,240,446 Effect of dilutive share-based awards 433,334 155,672 — — Denominator for diluted net income (loss) per share 73,902,905 64,644,470 73,469,571 64,240,446 Basic income (loss) per share $ 0.02 $ 0.02 $ (0.06 ) $ (0.01 ) Diluted income (loss) per share $ 0.02 $ 0.02 $ (0.06 ) $ (0.01 )

Geographic and Product Line D21

Geographic and Product Line Data and Concentrations (Tables)	9 Months Ended
	Dec. 31, 2015
Sales Attributed to Geographic Regions	The Company’s net sales are attributed to the following geographic regions (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Americas $ 47,002 $ 9,573 $ 79,003 $ 22,281 EMEA 16,702 17,825 32,000 37,104 APAC 1,334 3,053 5,927 10,280 $ 65,038 $ 30,451 $ 116,930 $ 69,665
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 December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Next gen consoles (a) 79 % 21 % 71 % 19 % PC and Mac 14 % 43 % 19 % 44 % Universal 5 % 25 % 6 % 23 % Smart devices 2 % 5 % 3 % 8 % Legacy consoles (b) — % 6 % 1 % 6 % 100 % 100 % 100 % 100 % (a) Includes products developed for Xbox One, PlayStation 4 and Wii U. (b) Includes products developed for Xbox 360, PlayStation 3 and Wii.
Product Category [Member]
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 December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Specialty controllers 72 % 22 % 67 % 23 % Audio 16 % 47 % 18 % 43 % Mice and keyboards 6 % 23 % 8 % 23 % Accessories 4 % 4 % 3 % 4 % Games and other 1 % — % 2 % 1 % Controllers 1 % 4 % 2 % 6 % 100 % 100 % 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 December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Mad Catz 78 % 34 % 72 % 34 % Tritton 15 % 44 % 17 % 39 % Saitek 6 % 17 % 9 % 18 % All others 1 % 5 % 2 % 9 % 100 % 100 % 100 % 100 %

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2015	Feb. 29, 2016
Line of Credit Facility [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.
Wells Fargo [Member] | Loan and Security Agreement [Member]
Line of Credit Facility [Line Items]
Loan agreement and facilities agreement initiation date		Jul. 6, 2015
Wells Fargo [Member] | Master Facilities Agreement [Member]
Line of Credit Facility [Line Items]
Loan agreement and facilities agreement initiation date		Jul. 6, 2015
Wells Fargo [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity		$ 25,000,000
New Star Business Credit Limited Liability Company [Member] | Loan and Security Agreement [Member]
Line of Credit Facility [Line Items]
Loan and security expiration date		Jun. 30, 2018
New Star Business Credit Limited Liability Company [Member] | Revolving Credit Facility [Member] | Loan and Security Agreement [Member]
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity	$ 20,000,000
New Star Business Credit Limited Liability Company [Member] | Scenario, Forecast [Member] | Revolving Credit Facility [Member] | Loan and Security Agreement [Member]
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity			$ 35,000,000
Faunus Group International Inc [Member]
Line of Credit Facility [Line Items]
Facilities agreement expiration period	3 years
Faunus Group International Inc [Member] | Revolving Credit Facility [Member] | Master Facilities Agreement [Member]
Line of Credit Facility [Line Items]
Secured demand credit facility	$ 10,000,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Dec. 31, 2015
Loan and Security Agreement [Member] | 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, Recurring at Fair Value (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Liabilities:
Warrant liabilities (Note 5)	$ (904)	$ (1,187)
Outstanding warrants [Member]
Liabilities:
Warrant liabilities (Note 5)	(904)	(1,187)
Level 3 [Member]
Liabilities:
Warrant liabilities (Note 5)	(904)	(1,187)
Level 3 [Member] | Outstanding warrants [Member]
Liabilities:
Warrant liabilities (Note 5)	$ (904)	$ (1,187)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurements of Warrant Liabilities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Warrant liabilities:
Beginning Balance	$ (1,187)
Change in fair value of warrant liabilities	283	$ 56
Ending Balance	(904)
Level 3 [Member]
Warrant liabilities:
Beginning Balance	(1,187)
Change in fair value of warrant liabilities	283
Ending Balance	$ (904)

Inventories - Schedule of Inven

Inventories - Schedule of Inventory (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 1,830	$ 735
Finished goods	25,908	14,744
Inventories	$ 27,738	$ 15,479

Restricted Cash - Additional In

Restricted Cash - Additional Information (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Restricted Cash and Investments [Abstract]
Restricted cash	$ 5,780

Securities Purchase Agreement28

Securities Purchase Agreements - Additional Information (Detail) - USD ($)	Sep. 24, 2015	Mar. 24, 2015	Oct. 21, 2011	Apr. 30, 2011	Dec. 31, 2015	Dec. 31, 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					$ 904,000		$ 1,187,000
Change in fair value of warrant liabilities					$ 283,000	$ 56,000
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			$ 0.40		$ 0.37
Proceeds from issuance of securities		$ 3,682,000
Warrants exercise price	$ 0.61				$ 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					$ 904,000		$ 1,172,000
Change in fair value of warrant liabilities					$ 268,000
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] | Shareholder Affiliates [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Ownership percentage					4.99%
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	$ 0.40		$ 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					$ 0		$ 15,000
Change in fair value of warrant liabilities					$ 15,000

Securities Purchase Agreement29

Securities Purchase Agreements - Estimated Fair Value of Warrants (Detail) - $ / shares	9 Months Ended	12 Months Ended
	Dec. 31, 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	4 years 9 months	5 years 6 months
Common stock market price	$ 0.40	$ 0.37	$ 0.41
Risk-free interest rate	1.70%	1.46%
Expected volatility	73.53%	100.00%
2011 Securities Purchase Agreement [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Expected term	9 months	1 year 6 months
Common stock market price	$ 0.40	$ 0.37		$ 1.92
Risk-free interest rate	0.57%	0.41%
Expected volatility	64.23%	73.53%

At the Market Offering Agreem30

At the Market Offering Agreement - Additional Information (Detail) - At-the-Market Equity Offering Program [Member] - USD ($)	9 Months Ended
	Dec. 31, 2015	Nov. 04, 2015
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance of securities	$ 0
Maximum authorized value of common stock issuance		$ 25,000,000

Basic and Diluted Net Income 31

Basic and Diluted Net Income (Loss) Per Share - Computation of Diluted Weighted Average Common and Potential Common Shares Outstanding (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Numerator:
Net income (loss)	$ 1,219	$ 1,358	$ (4,357)	$ (809)
Denominator:
Weighted average shares used to compute basic loss per share	73,469,571	64,488,798	73,469,571	64,240,446
Effect of dilutive share-based awards	433,334	155,672
Denominator for diluted net income (loss) per share	73,902,905	64,644,470	73,469,571	64,240,446
Basic income (loss) per share	$ 0.02	$ 0.02	$ (0.06)	$ (0.01)
Diluted income (loss) per share	$ 0.02	$ 0.02	$ (0.06)	$ (0.01)

Basic and Diluted Net Loss per

Basic and Diluted Net Loss per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 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 income (loss) per share	7,687,983	7,749,132	7,994,415	7,310,704
Outstanding warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of diluted net income (loss) per share	7,031,305	2,540,918	7,031,305	2,540,918

Geographic and Product Line D33

Geographic and Product Line Data and Concentrations - Sales Attributed to Geographic Regions (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 65,038	$ 30,451	$ 116,930	$ 69,665
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	47,002	9,573	79,003	22,281
EMEA [Member]
Segment Reporting Information [Line Items]
Net sales	16,702	17,825	32,000	37,104
APAC [Member]
Segment Reporting Information [Line Items]
Net sales	$ 1,334	$ 3,053	$ 5,927	$ 10,280

Geographic and Product Line D34

Geographic and Product Line Data and Concentrations - Additional Information (Detail)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 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	29.00%	15.00%	25.00%	13.00%
Customer Concentration Risk [Member] | Customer two [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage	14.00%	11.00%	15.00%	10.00%
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%	10.00%	10.00%
Customer Concentration Risk [Member] | Customer three [Member] | Gross Sales [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage		10.00%		9.00%
Credit Concentration Risk [Member] | Customer one [Member] | Accounts receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage			35.00%		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%
Credit Concentration Risk [Member] | Customer three [Member] | Accounts receivable [Member]
Revenue, Major Customer [Line Items]
Customers accounted for revenue and accounts receivable, Percentage			0.00%

Geographic and Product Line D35

Geographic and Product Line Data and Concentrations - Summary of Sales by Platform (Detail) - Platform [Member] - Sales [Member]	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Percentage of sales by platform	100.00%	100.00%	100.00%	100.00%
Next gen consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	79.00%	21.00%	71.00%	19.00%
PC and Mac [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	14.00%	43.00%	19.00%	44.00%
Universal [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	5.00%	25.00%	6.00%	23.00%
Smart devices [Member]
Concentration Risk [Line Items]
Percentage of sales by platform	2.00%	5.00%	3.00%	8.00%
Legacy consoles [Member]
Concentration Risk [Line Items]
Percentage of sales by platform		6.00%	1.00%	6.00%

Geographic and Product Line D36

Geographic and Product Line Data and Concentrations - Summary of Sales by Product Category (Detail) - Product Category [Member] - Sales [Member]	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Percentage of sales by product category	100.00%	100.00%	100.00%	100.00%
Specialty Controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	72.00%	22.00%	67.00%	23.00%
Audio [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	16.00%	47.00%	18.00%	43.00%
Mice and Keyboards [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	6.00%	23.00%	8.00%	23.00%
Accessories [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	4.00%	4.00%	3.00%	4.00%
Games and other [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	1.00%		2.00%	1.00%
Controllers [Member]
Concentration Risk [Line Items]
Percentage of sales by product category	1.00%	4.00%	2.00%	6.00%

Geographic and Product Line D37

Geographic and Product Line Data and Concentrations - Summary of Sales by Brand (Detail) - Brand [Member] - Sales [Member]	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Percentage of sales by brand	100.00%	100.00%	100.00%	100.00%
Mad Catz [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	78.00%	34.00%	72.00%	34.00%
Tritton [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	15.00%	44.00%	17.00%	39.00%
Saitek [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	6.00%	17.00%	9.00%	18.00%
All others [Member]
Concentration Risk [Line Items]
Percentage of sales by brand	1.00%	5.00%	2.00%	9.00%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Events [Member] - USD ($) $ in Millions	Feb. 05, 2016	Mar. 31, 2016
Subsequent Event [Line Items]
Reduction in number of positions	37.00%
Severance costs		$ 3