Leapfrog Enterprises (LF) 10-Q 10 Nov 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2014	Oct. 31, 2014	Oct. 31, 2014
		Class A Common Stock [Member]	Class B Common Stock [Member]
Document Information [Line Items]	'	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Entity Registrant Name	'LEAPFROG ENTERPRISES INC	'	'
Entity Central Index Key	'0001138951	'	'
Document Period End Date	30-Sep-14	'	'
Document Fiscal Year Focus	'2015	'	'
Document Fiscal Period Focus	'Q2	'	'
Current Fiscal Year End Date	'--03-31	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	65,766,486	4,395,461

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Current assets:	'	'	'
Cash and cash equivalents	$111,344	$231,988	$78,373
Accounts receivable, net of allowances for doubtful accounts	98,965	29,920	184,798
Inventories	108,197	52,293	121,738
Prepaid expenses and other current assets	12,380	10,416	8,727
Deferred income taxes	23,708	22,553	4,248
Total current assets	354,594	347,170	397,884
Deferred income taxes	63,232	53,998	2,422
Property and equipment, net	36,769	30,765	28,868
Capitalized content and website development costs, net	22,235	19,058	15,825
Goodwill	19,549	19,549	19,549
Other intangible assets, net	4,220	3,805	3,565
Other assets	1,365	1,473	1,161
Total assets	501,964	475,818	469,274
Current liabilities:	'	'	'
Accounts payable	56,967	19,146	59,086
Accrued liabilities	26,914	23,930	35,348
Deferred revenue	12,405	12,808	12,696
Income taxes payable	298	689	712
Total current liabilities	96,584	56,573	107,842
Other long-term liabilities	459	1,125	1,824
Total liabilities	97,043	57,698	109,666
Stockholders' equity:	'	'	'
Common Stock	7	7	7
Treasury stock	-185	-185	-185
Additional paid-in capital	428,546	422,678	415,618
Accumulated other comprehensive income (loss)	-1,251	-578	124
Accumulated deficit	-22,196	-3,802	-55,956
Total stockholders' equity	404,921	418,120	359,608
Total liabilities and stockholders' equity	501,964	475,818	469,274
Class A Common Stock [Member]	'	'	'
Stockholders' equity:	'	'	'
Common Stock	7	7	7
Class B Common Stock [Member]	'	'	'
Stockholders' equity:	'	'	'
Common Stock	'	'	'

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
In Thousands, except Per Share data, unless otherwise specified
Accounts receivable, allowances for doubtful accounts	$402	$306	$106
Class A Common Stock [Member]	'	'	'
Common Stock, par value per share	$0.00	$0.00	$0.00
Common Stock, shares authorized	139,500	139,500	139,500
Common Stock, shares outstanding	65,764	65,229	64,524
Class B Common Stock [Member]	'	'	'
Common Stock, par value per share	$0.00	$0.00	$0.00
Common Stock, shares authorized	40,500	40,500	40,500
Common Stock, shares outstanding	4,396	4,396	4,396

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]	'	'	'	'
Net sales	$113,645	$200,985	$160,622	$283,971
Cost of sales	76,635	121,607	114,779	173,691
Gross profit	37,010	79,378	45,843	110,280
Operating expenses:	'	'	'	'
Selling, general and administrative	20,321	18,893	41,365	40,707
Research and development	7,363	7,543	14,974	16,237
Advertising	9,717	7,411	12,758	9,315
Depreciation and amortization	2,758	2,631	5,600	5,246
Total operating expenses	40,159	36,478	74,697	71,505
Income (loss) from operations	-3,149	42,900	-28,854	38,775
Other income (expense):	'	'	'	'
Interest income	26	12	61	30
Other, net	124	28	-230	-277
Total other income (expense), net	150	40	-169	-247
Income (loss) before income taxes	-2,999	42,940	-29,023	38,528
Provision for (benefit from) income taxes	-973	16,567	-10,629	15,445
Net income (loss)	($2,026)	$26,373	($18,394)	$23,083
Net income (loss) per share:	'	'	'	'
Class A and B - basic	($0.03)	$0.38	($0.26)	$0.34
Class A and B - diluted	($0.03)	$0.37	($0.26)	$0.33
Weighted-average shares used to calculate net income (loss) per share:	'	'	'	'
Class A and B - basic	70,052	68,552	69,906	68,381
Class A and B - diluted	70,052	71,051	69,906	70,825

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]	'	'	'	'
Net income (loss)	($2,026)	$26,373	($18,394)	$23,083
Other comprehensive income (loss)	'	'	'	'
Currency translation adjustments	-1,563	558	-673	-71
Comprehensive income (loss)	($3,589)	$26,931	($19,067)	$23,012

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net income (loss)	($18,394)	$23,083
Adjustments to reconcile net income (loss) to net cash used in operating activities:	'	'
Depreciation and amortization	13,233	10,251
Deferred income taxes	-10,840	13,741
Stock-based compensation expense	5,680	5,211
Allowance for doubtful accounts	518	-371
Other changes in operating assets and liabilities:	'	'
Accounts receivable, net	-70,590	-127,465
Inventories	-57,464	-76,711
Prepaid expenses and other current assets	-2,212	1,254
Other assets	103	69
Accounts payable	39,570	42,432
Accrued liabilities	2,104	10,117
Deferred revenue	-341	5,033
Other long-term liabilities	-650	-679
Income taxes payable	-387	222
Net cash used in operating activities	-99,670	-93,813
Investing activities:	'	'
Purchases of property and equipment and other intangible assets	-15,066	-13,114
Capitalization of content and website development costs	-8,164	-6,731
Net cash used in investing activities	-23,230	-19,845
Financing activities:	'	'
Proceeds from stock option exercises and employee stock purchase plan	1,479	2,863
Cash paid for payroll taxes on restricted stock unit releases	-841	-785
Common stock repurchased	-38	'
Excess tax benefits from stock-based compensation	11	11
Net cash provided by financing activities	611	2,089
Effect of exchange rate changes on cash	1,645	232
Net change in cash and cash equivalents	-120,644	-111,337
Cash and cash equivalents, beginning of period	231,988	189,710
Cash and cash equivalents, end of period	111,344	78,373
Non-cash investing and financing activities:	'	'
Net change in accounts payable and accrued liabilities related to capital expenditures	($404)	($1,823)

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Sep. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
		1	Basis of Presentation
	In the opinion of management, all normal, recurring adjustments considered necessary for a fair statement of the financial position and interim results of LeapFrog Enterprises, Inc. and its consolidated subsidiaries (collectively, the “Company” or “LeapFrog” unless the context indicates otherwise) as of and for the periods presented have been included. The accompanying unaudited consolidated financial statements and related disclosures have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The consolidated financial statements include the accounts of LeapFrog and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
	On May 13, 2014, the Company's board of directors approved a change in the Company's fiscal year-end from December 31 to March 31 in order to better align the Company's business planning and financial reporting functions with the seasonality of its business.
	The financial information included herein should be read in conjunction with the consolidated financial statements and related notes in the Company's 2013 Annual Report on Form 10-K filed with the United States (“U.S.”) Securities and Exchange Commission (the “SEC”) on March 14, 2014 for the fiscal year ended December 31, 2013 (the “2013 Form 10-K”).
	The accounting policies used by the Company in its presentation of interim financial results are consistent with those presented in Note 2 to the consolidated financial statements included in the Company's 2013 Form 10-K.
	Due to the seasonality of the Company's business, the results of operations for interim periods are not necessarily indicative of the operating results for a full year.
	Certain amounts in the financial statements for prior periods have been reclassified to conform to the current-year presentation. In addition, the Company has revised its consolidated balance sheets as of September 30, 2013 and March 31, 2014 to correct the classification of the capitalized development costs of its proprietary technologies included in certain key products from property and equipment, to other intangible assets. As compared to previously reported amounts, property and equipment, net, has been reduced and other intangible assets, net, have been increased by $3,365 and $3,805 for September 30, 2013 and March 31, 2014, respectively. Furthermore, the Company has revised its consolidated balance sheets as of September 30, 2013 and March 31, 2014 to present, on a net basis, its domestic non-current deferred tax liabilities and non-current deferred tax assets. As compared to previously reported amounts, deferred income taxes under non-current assets and non-current deferred income tax liabilities have been reduced by $3,759 and $3,812 for September 30, 2013 and March 31, 2014, respectively. These revisions represent errors that were not deemed material, individually or in aggregate, to the consolidated financial statements for the corresponding prior periods. These revisions do not impact the Company's previously reported consolidated results of operations or statements of cash flows.
	Accumulated other comprehensive income (loss) consists solely of currency translation adjustments.

Fair_Values_of_Financial_Instr

Fair Values of Financial Instruments and Investments	6 Months Ended
	Sep. 30, 2014
Fair Values of Financial Instruments and Investments [Abstract]	'
Fair Values of Financial Instruments and Investments	'
	2	Fair Values of Financial Instruments and Investments
	Fair value is defined by authoritative guidance as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value:
		•	Level 1 includes financial instruments for which quoted market prices for identical instruments are available in active markets. As of September 30, 2014 and March 31, 2014, the Company's Level 1 assets consisted of money market funds and certificates of deposit with original maturities of three months or less. As of September 30, 2013, the Company's Level 1 assets consisted of money market funds. These assets were considered highly liquid and are stated at cost, which approximates market value.
		•	Level 2 includes financial instruments for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument. Such inputs could be quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets with insufficient volume or infrequent transactions (less-active markets), or model-driven valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data, including market interest rate curves, referenced credit spreads and prepayment rates.
	As of September 30, 2014 and 2013, the Company's Level 2 assets and liabilities consisted of outstanding foreign exchange forward contracts used to hedge its exposure to certain foreign currencies, including the British Pound, Canadian Dollar and Euro. The Company did not hold any Level 2 assets as of March 31, 2014. The Company's outstanding foreign exchange forward contracts, all with maturities of approximately one month, had notional values of $60,622 and $70,665 at September 30, 2014 and 2013, respectively. The fair market values of these instruments, based on quoted prices, were $(83) and $(195), on a net basis at September 30, 2014 and 2013, respectively, and recorded in accrued liabilities.
		•	Level 3 includes financial instruments for which fair value is derived from valuation techniques, including pricing models and discounted cash flow models, in which one or more significant inputs, including the Company's own assumptions, are unobservable. The Company did not hold any Level 3 assets as of September 30, 2014, March 31, 2014 and September 30, 2013.
	The following table presents the Company's fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of September 30, 2014, March 31, 2014 and September 30, 2013:
			Estimated Fair Value Measurements
			Carrying Value			Quoted Prices in		Significant			Significant
						Active Markets		Other			Unobservable
						(Level 1)		Observable			Inputs
								Inputs			(Level 3)
								(Level 2)
	September 30, 2014:
	Financial Assets:
	Money market funds and certificate of deposit		$	25,011		$	25,011	$	-		$	-
	Financial Liabilities:
	Forward currency contracts		$	(83	)	$	-	$	(83	)	$	-
	March 31, 2014:
	Financial Assets:
	Money market funds and certificate of deposit		$	118,795		$	118,795	$	-		$	-
	September 30, 2013:
	Financial Assets:
	Money market funds		$	58,761		$	58,761	$	-		$	-
	Financial Liabilities:
	Forward currency contracts		$	(195	)	$	-	$	(195	)	$	-

Inventories

Inventories	6 Months Ended
	Sep. 30, 2014
Inventories [Abstract]	'
Inventories	'
	3	Inventories
	The Company's Inventories, stated on a first-in, first-out basis at the lower of cost or market as of September 30, 2014 and 2013, and March 31, 2014:
			September 30,				March 31,
			2014		2013		2014
	Raw materials		$	5,242	$	5,364	$	4,594
	Finished goods			102,955		116,374		47,699
	Total		$	108,197	$	121,738	$	52,293

Other_Intangible_Assets

Other Intangible Assets	6 Months Ended
	Sep. 30, 2014
Other Intangible Assets [Abstract]	'
Other Intangible Assets	'
	4	Other Intangible Assets
	The Company's other intangible assets were as follows as of September 30, 2014 and 2013, and March 31, 2014:
			September 30,						March 31,
			2014			2013			2014
	Intellectual property, license agreements and other intangibles		$	21,555		$	20,120		$	20,560
	Less: accumulated amortization			(17,335	)		(16,555	)		(16,755	)
	Total		$	4,220		$	3,565		$	3,805
	The Company's goodwill was $19,549 as of September 30, 2014 and 2013, and March 31, 2014. All of its goodwill is allocated to the Company's U.S. segment.
	The Company performs goodwill impairment testing at least annually, unless indicators of impairment exist in interim periods. Indicators of impairment considered by the Company include, among others, overall financial operating results which depend in large part on the strength of the Company's performance during the holiday season. As of September 30, 2014, based on its assessment of various qualitative factors and projection of future operating results, the Company does not believe that sufficient indicators of impairment of its goodwill currently exist that would require performing step one of the two-step test for goodwill impairment. To the extent the Company's results during the holiday season are weaker than anticipated, the Company may be required to perform step one of the two-step test for goodwill impairment. Step one compares the estimated fair value of a reporting unit with goodwill to its carrying value. If the carrying value exceeds the estimated fair value, step two must be performed. Step two compares the carrying value of the reporting unit to the fair value of all of the assets and liabilities of the reporting unit as if the reporting unit was acquired in a business combination. Should the carrying value of its goodwill be found to exceed its estimated fair value, the Company would be required to record an impairment charge, which would decrease the carrying value of the assets and negatively impact the Company's results of operations.

Income_Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
		5	Income Taxes
	The Company's provision for (benefit from) income taxes and effective tax rates were as follows:
			Three Months Ended September 30,						Six Months Ended September 30,
			2014			2013			2014			2013
	Provision for (benefit from) income taxes		$	(973	)	$	16,567		$	(10,629	)	$	15,445
	Income (loss) before income taxes			(2,999	)		42,940			(29,023	)		38,528
	Effective tax rate			32.4	%		38.6	%		36.6	%		40.1	%
	The Company's effective tax rate is affected by recurring items, such as tax benefit or expense relative to the amount of loss incurred or income earned in its domestic and foreign jurisdictions. The Company's tax rate is also affected by discrete items, such as tax benefits attributable to the recognition of previously unrecognized tax benefits, that may occur in any given year but are not consistent from year to year.
	The Company's effective tax rates and income tax benefits for the three and six months ended September 30, 2014 were primarily attributable to its domestic operating losses during the periods. The Company's effective tax rates and income tax provisions for the same periods in 2013 were primarily attributable to its domestic operating income during the period.
	During the three and six months ended September 30, 2014, the Company recognized $450 of previously unrecognized tax benefits, including a release of $158 of accrued interest, due to the expiration of the statutes of limitations in one of its foreign jurisdictions. During the three and six months ended September 30, 2013, the Company did not recognize any previously unrecognized tax benefits, and the tax benefits for the periods did not include any release of accrued interest and penalties related to uncertain tax positions. As of September 30, 2014 and 2013, and March 31, 2014, the Company had $15,901, $14,833 and $16,280, respectively, of unrecognized income tax benefits. The Company believes it is reasonably possible that the total amount of unrecognized income tax benefits could decrease by up to $6,875, excluding potential interest and penalties, over the course of the next twelve months, due to expiring statutes of limitations, which would be recognized as a tax benefit and affect its effective tax rate. The Company also recognizes interest and penalties related to uncertain tax positions in income tax expense. As of September 30, 2014 and 2013, and March 31, 2014, the Company had approximately $36, $647 and $187, respectively, of accrued interest and penalties related to uncertain tax positions. The recognition of previously unrecognized tax benefits and the release of associated accrued interest reduced other non-current tax liabilities.
	Current and non-current gross deferred tax assets were $23,708 and $67,044 at September 30, 2014, respectively, as compared to $4,248 and $6,181 at September 30, 2013, respectively. The increases were primarily due to the release of a significant portion of the deferred tax valuation allowances during the three months ended December 31, 2013.
	The Company maintained a valuation allowance of $9,839, $70,385, and $9,885 as of September 30, 2014 and 2013, and March 31, 2014, respectively, against its deferred tax assets related to state and foreign net operating loss carryforwards, and capital loss carryforwards that generally have 10 to 20 years until expiration. Based on the Company's projection of future operating results as of September 30, 2014, the Company believes it is more-likely-than-not that it will not be able to realize the full benefit of these loss carryforwards before they are due to expire. The Company's overall financial operating results depend in large part on the strength of its performance during the holiday season. To the extent the Company's results during the holiday season are weaker than anticipated, the expectations of future taxable income may decline, and an additional valuation allowance may be required if there are not sufficient expected future earnings to realize the benefit of the Company's deferred tax assets prior to expiration. The tax effect of such a valuation allowance would negatively impact the Company's effective tax rate. Conversely, should the Company's results during the holiday season exceed anticipated results, the expectations of future taxable income may rise, and a reduction to the Company's valuation allowance may occur. The tax benefit associated with such a reduction in valuation allowance would favorably impact the Company's tax rate. The Company will continue to evaluate all evidence in future periods, to determine if a valuation allowance against its deferred tax assets is warranted. Any changes to the Company's valuation allowance will affect its effective tax rate, but will not affect the amount of cash paid for income taxes in the foreseeable future.
	As of September 30, 2014 and 2013, the Company had non-current deferred tax liabilities of $3,812 and $3,759, respectively, which are netted against non-current deferred tax assets on the consolidated balance sheet, and other non-current tax liabilities of  $153 and $1,003, respectively, reported as long-term liabilities on the consolidated balance sheet.

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Sep. 30, 2014
Stock-Based Compensation [Abstract]	'
Stock-based Compensation	'
		6	Stock-Based Compensation
	The Company currently has outstanding two types of stock-based compensation awards to its employees, directors and certain consultants: stock options and restricted stock units (“RSUs”). Both stock options and RSUs can be used to acquire shares of the Company's Class A common stock, are exercisable or convertible, as applicable, over a period not to exceed ten years, and are most commonly assigned four-year vesting periods. The Company also has an employee stock purchase plan (“ESPP”).
	Stock plan activity
	The table below summarizes award activity for the six months ended September 30, 2014:
			Stock						Total
			Options			RSUs			Awards
	Outstanding at March 31, 2014			6,774			1,476			8,250
	Grants			1,273			1,001			2,274
	Stock option exercises/vesting RSUs			(288	)		(299	)		(587	)
	Retired or forfeited			(580	)		(250	)		(830	)
	Outstanding at September 30, 2014			7,179			1,928			9,107
	Total shares available for future grant at September 30, 2014									5,660
	As of September 30, 2014, the total shares available for future grant under the ESPP were 762.
	Impact of stock-based compensation
	The following table summarizes stock-based compensation expense charged to selling, general and administrative (“SG&A”) and research and development (“R&D”) expenses for the three and six months ended September 30, 2014 and 2013:
			Three Months Ended September 30,						Six Months Ended September 30,
			2014			2013			2014			2013
	SG&A:
	Stock options		$	1,236		$	1,347		$	2,787		$	2,742
	RSUs			784			849			1,978			1,617
	ESPP			70			97			163			224
	Total SG&A			2,090			2,293			4,928			4,583
	R&D:
	Stock options			214			215			428			411
	RSUs			145			115			324			217
	Total R&D			359			330			752			628
	Total expense		$	2,449		$	2,623		$	5,680		$	5,211
	Valuation of stock-based compensation
	Stock-based compensation expense related to stock options is calculated based on the fair value of each award on the grant date. In general, the fair value for stock option grants with only a service condition is estimated using the Black-Scholes option pricing model with the following weighted-average assumptions for the three and six months ended September 30, 2014 and 2013:
			Three Months Ended September 30,						Six Months Ended September 30,
			2014			2013			2014			2013
	Expected term (years)			4.93			5.18			4.7			4.64
	Volatility			59.7	%		69.9	%		59.9	%		72.1	%
	Risk-free interest rate			1.6	%		1.51	%		1.56	%		0.85	%
	Expected dividend yield			-	%		-	%		-	%		-	%
	RSUs are payable in shares of the Company's Class A common stock. The fair value of these stock-based awards is equal to the closing market price of the Company's common stock on the date of grant. The grant-date fair value is recognized on a straight-line basis in compensation expense over the vesting period of these stock-based awards, which is generally four years.
	Stock-based compensation expense related to the ESPP is estimated using the Black-Scholes option pricing model with the following assumptions for the three and six months ended September 30, 2014 and 2013:
			Three Months Ended September 30,						Six Months Ended September 30,
			2014			2013			2014			2013
	Expected term (years)			0.49			0.49 - 0.5			0.49			0.49 - 0.5
	Volatility			34.8% - 42.0	%		36.0% - 57.5	%		34.8% - 42.0	%		36.0% - 57.5	%
	Risk-free interest rate			0.05% - 0.08	%		0.05% - 0.12	%		0.05% - 0.08	%		0.05% - 0.12	%
	Expected dividend yield			-	%		-	%		-	%		-	%

Share_Repurchase_Program

Share Repurchase Program	6 Months Ended
	Sep. 30, 2014
Share Repurchase Program [Abstract]	'
Share Repurchase Program	'
		7	Share Repurchase Program
	On February 10, 2014, the Company's board of directors approved a stock repurchase program authorizing the Company to repurchase up to an aggregate of $30,000 of its Class A common stock through December 31, 2014. The Company intends, from time to time, as conditions warrant, to repurchase stock in the open market. Purchases may be increased, decreased or discontinued at any time without prior notice. The plan does not obligate the Company to repurchase any specific number of shares and may be suspended at any time at management's discretion. During the three months ended June 30, 2014, the Company repurchased approximately 6 shares of its common stock at an average price of $6.50, which were retired upon repurchase. The Company did not repurchase any of its common stock during the three months ended September 30, 2014.

Net_Income_Loss_per_Share

Net Income (Loss) per Share	6 Months Ended
	Sep. 30, 2014
Net Income (Loss) Per Share [Abstract]	'
Net Income (Loss) Per Share	'
	8. Net Income (Loss) Per Share
	The following table sets forth the computation of basic and diluted net income (loss) per share for three and six months ended September 30, 2014 and 2013:
		Three Months Ended September 30,					Six Months Ended September 30,
		2014			2013		2014			2013
	(Numerator)
	Net income (loss)	$	(2,026	)	$	26,373	$	(18,394	)	$	23,083
	(Denominator)
	Weighted average shares outstanding during period:
	Class A and B - basic		70,052			68,552		69,906			68,381
	Common stock equivalents		-			2,499		-			2,444
	Class A and B - diluted		70,052			71,051		69,906			70,825
	Net income (loss) per share:
	Class A and B - basic	$	(0.03	)	$	0.38	$	(0.26	)	$	0.34
	Class A and B - diluted	$	(0.03	)	$	0.37	$	(0.26	)	$	0.33
	Options to purchase shares of the Company's common stock and RSUs excluded from the calculation of diluted net loss per share were 8,999 and 9,115 for the three and six months ended September 30, 2014, respectively, and 3,470 and 3,820 for the three and six months ended September 30, 2013, respectively, as the effect would have been antidilutive.

Segment_Reporting

Segment Reporting	6 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
		9	Segment Reporting
	The Company's business is organized, operated and assessed in two geographic segments: U.S. and International.
	The Company attributes sales to non-U.S. countries on the basis of sales billed by each of its foreign subsidiaries to its customers. Additionally, the Company attributes sales to non-U.S. countries if the product is shipped from Asia or one of its leased warehouses in the U.S. to a distributor in a foreign country. The Company charges all of its indirect operating expenses and general corporate overhead to the U.S. segment and does not allocate any of these expenses to the International segment.
	The primary business of the two operating segments is as follows:
		•	The U.S. segment is responsible for the development, design, sales and marketing of multimedia learning platforms, related content and learning toys, which are sold primarily through retailers, distributors, and directly to consumers via the leapfrog.com online store and the LeapFrog App Center (“App Center”) in the U.S. The App Center includes both content developed by the Company and content from third parties that the Company curates and distributes.
		•	The International segment is responsible for the localization, sales and marketing of multimedia learning platforms, related content and learning toys, originally developed for the U.S. This segment markets and sells the Company's products to national and regional mass-market and specialty retailers and other outlets through the Company's offices outside of the U.S., through distributors in various international markets, and directly to consumers via online stores and the App Center.
	The table below shows certain information by segment for the three and six months ended September 30, 2014 and 2013:
			Three Months Ended September 30,					Six Months Ended September 30,
			2014			2013		2014			2013
	Net sales:
	United States		$	77,558		$	146,831	$	108,266		$	205,189
	International			36,087			54,154		52,356			78,782
	Totals		$	113,645		$	200,985	$	160,622		$	283,971
	Income (loss) from operations:
	United States		$	(8,865	)	$	29,652	$	(34,155	)	$	20,225
	International			5,716			13,248		5,301			18,550
	Totals		$	(3,149	)	$	42,900	$	(28,854	)	$	38,775
	For the three months ended September 30, 2014, only the U.S. accounted for more than 10% of the Company's consolidated net sales. For the three months ended September 30, 2013 and the six months ended September 30, 2014 and 2013, the U.S. and the United Kingdom individually accounted for more than 10% of the Company's consolidated net sales.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
		10	Commitments and Contingencies
	From time to time, the Company is subject to legal proceedings and claims in the ordinary course of business, including claims of alleged infringement of patents and other intellectual property rights, claims related to breach of contract, employment disputes and a variety of other matters. The Company records a liability when the Company believes that it is both probable that a loss will be incurred, and the amount can be reasonably estimated. In the opinion of management, based on current knowledge, it is not reasonably possible that any of the pending legal proceedings or claims will have a material adverse impact on the Company's financial position, results of operations or cash flows. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense costs, diversion of management resources and other factors. In addition, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company in a particular reporting period for amounts in excess of management's expectations, the Company's consolidated financial statements of the same reporting period could be materially adversely affected.
	As of September 30, 2014, the Company had no outstanding off-balance sheet arrangements.

Fair_Values_of_Financial_Instr1

Fair Values of Financial Instruments and Investments (Tables)	6 Months Ended
	Sep. 30, 2014
Fair Values of Financial Instruments and Investments [Abstract]	'
Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on Recurring Basis	'
		Estimated Fair Value Measurements
		Carrying Value			Quoted Prices in		Significant			Significant
					Active Markets		Other			Unobservable
					(Level 1)		Observable			Inputs
							Inputs			(Level 3)
							(Level 2)
	September 30, 2014:
	Financial Assets:
	Money market funds and certificate of deposit	$	25,011		$	25,011	$	-		$	-
	Financial Liabilities:
	Forward currency contracts	$	(83	)	$	-	$	(83	)	$	-
	March 31, 2014:
	Financial Assets:
	Money market funds and certificate of deposit	$	118,795		$	118,795	$	-		$	-
	September 30, 2013:
	Financial Assets:
	Money market funds	$	58,761		$	58,761	$	-		$	-
	Financial Liabilities:
	Forward currency contracts	$	(195	)	$	-	$	(195	)	$	-

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Sep. 30, 2014
Inventories [Abstract]	'
Summary of Inventories	'
		September 30,				March 31,
		2014		2013		2014
	Raw materials	$	5,242	$	5,364	$	4,594
	Finished goods		102,955		116,374		47,699
	Total	$	108,197	$	121,738	$	52,293

Other_Intangible_Assets_Tables

Other Intangible Assets (Tables)	6 Months Ended
	Sep. 30, 2014
Other Intangible Assets [Abstract]	'
Schedule of Other Intangible Assets	'
		September 30,						March 31,
		2014			2013			2014
	Intellectual property, license agreements and other intangibles	$	21,555		$	20,120		$	20,560
	Less: accumulated amortization		(17,335	)		(16,555	)		(16,755	)
	Total	$	4,220		$	3,565		$	3,805

Income_Taxes_Tables

Income Taxes (Tables)	6 Months Ended
	Sep. 30, 2014
Income Taxes [Abstract]	'
Schedule of Income Tax (Benefit) Provision	'
		Three Months Ended September 30,						Six Months Ended September 30,
		2014			2013			2014			2013
	Provision for (benefit from) income taxes	$	(973	)	$	16,567		$	(10,629	)	$	15,445
	Income (loss) before income taxes		(2,999	)		42,940			(29,023	)		38,528
	Effective tax rate		32.4	%		38.6	%		36.6	%		40.1	%

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	6 Months Ended
	Sep. 30, 2014
Stock-Based Compensation [Abstract]	'
Summary of Award Activity	'
		Stock						Total
		Options			RSUs			Awards
	Outstanding at March 31, 2014		6,774			1,476			8,250
	Grants		1,273			1,001			2,274
	Stock option exercises/vesting RSUs		(288	)		(299	)		(587	)
	Retired or forfeited		(580	)		(250	)		(830	)
	Outstanding at September 30, 2014		7,179			1,928			9,107
	Total shares available for future grant at September 30, 2014								5,660
Schedule of Stock-Based Compensation Expense	'
		Three Months Ended September 30,						Six Months Ended September 30,
		2014			2013			2014			2013
	SG&A:
	Stock options	$	1,236		$	1,347		$	2,787		$	2,742
	RSUs		784			849			1,978			1,617
	ESPP		70			97			163			224
	Total SG&A		2,090			2,293			4,928			4,583
	R&D:
	Stock options		214			215			428			411
	RSUs		145			115			324			217
	Total R&D		359			330			752			628
	Total expense	$	2,449		$	2,623		$	5,680		$	5,211
Weighted Average Assumptions Used to Determine Fair Value of Options Granted	'
		Three Months Ended September 30,						Six Months Ended September 30,
		2014			2013			2014			2013
	Expected term (years)		4.93			5.18			4.7			4.64
	Volatility		59.7	%		69.9	%		59.9	%		72.1	%
	Risk-free interest rate		1.6	%		1.51	%		1.56	%		0.85	%
	Expected dividend yield		-	%		-	%		-	%		-	%
Weighted Average Assumptions Used to Determine Fair Value of Options Granted Related to ESPP	'
		Three Months Ended September 30,						Six Months Ended September 30,
		2014			2013			2014			2013
	Expected term (years)		0.49			0.49 - 0.5			0.49			0.49 - 0.5
	Volatility		34.8% - 42.0	%		36.0% - 57.5	%		34.8% - 42.0	%		36.0% - 57.5	%
	Risk-free interest rate		0.05% - 0.08	%		0.05% - 0.12	%		0.05% - 0.08	%		0.05% - 0.12	%
	Expected dividend yield		-	%		-	%		-	%		-	%

Net_Income_Loss_Per_Share_Tabl

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Sep. 30, 2014
Net Income (Loss) Per Share [Abstract]	'
Schedule of Net Income (Loss) Per Share	'
		Three Months Ended September 30,					Six Months Ended September 30,
		2014			2013		2014			2013
	(Numerator)
	Net income (loss)	$	(2,026	)	$	26,373	$	(18,394	)	$	23,083
	(Denominator)
	Weighted average shares outstanding during period:
	Class A and B - basic		70,052			68,552		69,906			68,381
	Common stock equivalents		-			2,499		-			2,444
	Class A and B - diluted		70,052			71,051		69,906			70,825
	Net income (loss) per share:
	Class A and B - basic	$	(0.03	)	$	0.38	$	(0.26	)	$	0.34
	Class A and B - diluted	$	(0.03	)	$	0.37	$	(0.26	)	$	0.33

Segment_Reporting_Tables

Segment Reporting (Tables)	6 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Summary of Segment Information	'
		Three Months Ended September 30,					Six Months Ended September 30,
		2014			2013		2014			2013
	Net sales:
	United States	$	77,558		$	146,831	$	108,266		$	205,189
	International		36,087			54,154		52,356			78,782
	Totals	$	113,645		$	200,985	$	160,622		$	283,971
	Income (loss) from operations:
	United States	$	(8,865	)	$	29,652	$	(34,155	)	$	20,225
	International		5,716			13,248		5,301			18,550
	Totals	$	(3,149	)	$	42,900	$	(28,854	)	$	38,775

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2014
Basis of Presentation [Abstract]	'	'
Reclassification of property and equipment to intangible assets	($3,365)	($3,805)
Amount reclassified	$3,759	$3,812

Fair_Values_of_Financial_Instr2

Fair Values of Financial Instruments and Investments (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Foreign Exchange Forward Contracts [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Notional value	$60,622	'	$70,665
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member]	'	'	'
Financial Assets:	'	'	'
Money market funds and certificate of deposit	25,011	118,795	58,761
Financial Liabilities:	'	'	'
Forward currency contracts	'	'	'
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'	'
Financial Assets:	'	'	'
Money market funds and certificate of deposit	'	'	'
Financial Liabilities:	'	'	'
Forward currency contracts	-83	'	-195
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Financial Assets:	'	'	'
Money market funds and certificate of deposit	'	'	'
Financial Liabilities:	'	'	'
Forward currency contracts	'	'	'
Carrying Value [Member]	'	'	'
Financial Assets:	'	'	'
Money market funds and certificate of deposit	25,011	118,795	58,761
Financial Liabilities:	'	'	'
Forward currency contracts	($83)	'	($195)

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Inventories [Abstract]	'	'	'
Raw materials	$5,242	$4,594	$5,364
Finished goods	102,955	47,699	116,374
Total	$108,197	$52,293	$121,738

Other_Intangible_Assets_Detail

Other Intangible Assets (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Other Intangible Assets [Abstract]	'	'	'
Intellectual property, license agreements and other intangibles	$21,555	$20,560	$20,120
Less: accumulated amortization	-17,335	-16,755	-16,555
Total	4,220	3,805	3,565
Goodwill	$19,549	$19,549	$19,549

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2014
Income Taxes [Abstract]	'	'	'	'	'
Benefit from provision for income taxes	($973)	$16,567	($10,629)	$15,445	'
Income (loss) before income taxes	-2,999	42,940	-29,023	38,528	'
Effective tax rate	32.40%	38.60%	36.60%	40.10%	'
Unrecognized tax benefits reduced as result of lapse in statutes of limitations	'	'	450	'	'
Benefit from the release of interest and penalties	'	'	158	'	'
Unrecognized tax benefits	15,901	14,833	15,901	14,833	16,280
Unrecognized tax benefits would affect the Company's effective tax rate if recognized	6,875	'	6,875	'	'
Reasonably possible amount that unrecognized tax benefits could decrease	-6,875	'	-6,875	'	'
Accrued interest and penalties related to uncertain tax positions	36	647	36	647	187
Valuation allowance against deferred tax assets	9,839	70,385	9,839	70,385	9,885
Current deferred tax assets	23,708	4,248	23,708	4,248	22,553
Non-current deferred tax assets	67,044	6,181	67,044	6,181	'
Non-current deferred tax liabilities	3,812	3,759	3,812	3,759	'
Other long-term tax liabilities	$153	$1,003	$153	$1,003	'

StockBased_Compensation_Summar

Stock-Based Compensation (Summary of Award Activity) (Details)	6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Outstanding	8,250
Grants	2,274
Stock option exercises/vesting RSUs	-587
Retired or forfeited	-830
Outstanding	9,107
Maximum period for exercise	'10 years
Vesting period	'4 years
Stock Options [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Outstanding	6,774
Grants	1,273
Stock option exercises/vesting RSUs	-288
Retired or forfeited	-580
Outstanding	7,179
RSUs [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Outstanding	1,476
Grants	1,001
Stock option exercises/vesting RSUs	-299
Retired or forfeited	-250
Outstanding	1,928
Stock Options and RSUs [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Total shares available for future grant	5,660
ESPP [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Total shares available for future grant	762

StockBased_Compensation_Summar1

Stock-Based Compensation (Summary of Stock-Based Compensation Expense) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	$2,449	$2,623	$5,680	$5,211
SG&A	'	'	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	2,090	2,293	4,928	4,583
SG&A | Stock Options [Member]	'	'	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	1,236	1,347	2,787	2,742
SG&A | RSUs [Member]	'	'	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	784	849	1,978	1,617
SG&A | ESPP [Member]	'	'	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	70	97	163	224
R&D	'	'	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	359	330	752	628
R&D | Stock Options [Member]	'	'	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	214	215	428	411
R&D | RSUs [Member]	'	'	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'	'	'
Stock-based compensation expense	$145	$115	$324	$217

StockBased_Compensation_Schedu

Stock-Based Compensation (Schedule of Fair Value Assumptions) (Details)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stock Options [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Expected term	'4 years 11 months 5 days	'5 years 2 months 5 days	'4 years 8 months 12 days	'4 years 7 months 20 days
Volatility	59.70%	69.90%	59.90%	72.10%
Risk-free interest rate	1.60%	1.51%	1.56%	0.85%
Expected dividend yield	'	'	'	'
ESPP [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Expected term	'5 months 26 days	'	'5 months 26 days	'
Volatility, minimum	34.80%	36.00%	34.80%	36.00%
Volatility, maximum	42.00%	57.50%	42.00%	57.50%
Risk-free interest rate, minimum	0.05%	0.05%	0.05%	0.05%
Risk-free interest rate, maximum	0.08%	0.12%	0.08%	0.12%
Expected dividend yield	'	'	'	'
ESPP [Member] | Minimum [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Expected term	'	'5 months 26 days	'	'5 months 26 days
ESPP [Member] | Maximum [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Expected term	'	'6 months	'	'6 months

Share_Repurchase_Program_Detai

Share Repurchase Program (Details) (Class A Common Stock [Member], USD $)	6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014
Class A Common Stock [Member]	'
Equity, Class of Treasury Stock [Line Items]	'
Authorized amount	$30,000
Expiration date	31-Dec-14
Number of shares repurchased and retired during the period	6
Price per share	$6.50

Net_Income_Loss_per_Share_Deta

Net Income (Loss) per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Income (Loss) Per Share [Abstract]	'	'	'	'
Net income (loss)	($2,026)	$26,373	($18,394)	$23,083
Weighted average shares outstanding during period:	'	'	'	'
Class A and B - basic	70,052	68,552	69,906	68,381
Common stock equivalents	'	2,499	'	2,444
Class A and B - diluted	70,052	71,051	69,906	70,825
Net income (loss) per share:	'	'	'	'
Class A and B - basic	($0.03)	$0.38	($0.26)	$0.34
Class A and B - diluted	($0.03)	$0.37	($0.26)	$0.33
Antidilutive securities	8,999	3,470	9,115	3,820

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Net sales	$113,645	$200,985	$160,622	$283,971
Income (loss) from operations	-3,149	42,900	-28,854	38,775
United States [Member]	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Net sales	77,558	146,831	108,266	205,189
Income (loss) from operations	-8,865	29,652	-34,155	20,225
International [Member]	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Net sales	36,087	54,154	52,356	78,782
Income (loss) from operations	$5,716	$13,248	$5,301	$18,550

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies [Abstract]	'
Outstanding off-balance sheet commitments for outsourced manufacturing and component purchases	$0