Virtusa (VRTU) 10-Q 6 Aug 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document and Entity Information	'	'
Entity Registrant Name	'VIRTUSA CORP	'
Entity Central Index Key	'0001207074	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--03-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	29,188,724
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$76,926	$82,761
Short-term investments	61,910	55,888
Accounts receivable, net of allowance of $1,175 and $1,130 at June 30, 2014 and March 31, 2014, respectively	69,811	64,662
Unbilled accounts receivable	29,747	26,548
Prepaid expenses	13,567	9,036
Deferred income taxes	6,306	6,610
Restricted cash	2,732	2,662
Other current assets	10,820	11,922
Total current assets	271,819	260,089
Property and equipment, net of accumulated depreciation of $32,856 and $30,625 at June 30, 2014 and March 31, 2014, respectively	36,309	35,346
Long-term investments	56,014	62,015
Deferred income taxes	3,558	4,651
Goodwill	53,013	53,448
Intangible assets, net	26,993	28,661
Other long-term assets	5,560	5,215
Total assets	453,266	449,425
Current liabilities:	'	'
Accounts payable	10,038	11,002
Accrued employee compensation and benefits	19,770	27,175
Accrued expenses and other current liabilities	27,651	27,299
Income taxes payable	2,186	1,294
Total current liabilities	59,645	66,770
Deferred income taxes	2,652	2,744
Long-term liabilities	5,694	5,841
Total liabilities	67,991	75,355
Commitments and guarantees	'	'
Stockholders' equity:	'	'
Undesignated preferred stock, $0.01 par value: Authorized 5,000,000 shares at June 30, 2013 and March 31, 2014; zero shares issued and outstanding at June 30, 2014 and March 31, 2014	'	'
Common stock, $0.01 par value: Authorized 120,000,000 shares at June 30, 2014 and March 31, 2014; issued 30,460,414 and 30,263,243 shares at June 30, 2014 and March 31, 2014, respectively; outstanding 28,603,711 and 28,406,540 shares at June 30, 2014 and March 31, 2014, respectively	305	303
Treasury stock, 1,856,703 common shares, at cost, at June 30, 2014 and March 31, 2014, respectively	-9,652	-9,652
Additional paid-in capital	271,214	269,511
Retained earnings	150,625	141,622
Accumulated other comprehensive loss	-27,217	-27,714
Total stockholders' equity	385,275	374,070
Total liabilities, undesignated preferred stock and stockholders' equity	$453,266	$449,425

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, except Share data, unless otherwise specified
Consolidated Balance Sheets	'	'
Accounts receivable, allowance (in dollars)	$1,175	$1,130
Property and equipment, accumulated depreciation (in dollars)	$32,856	$30,625
Undesignated preferred stock, par value (in dollars per share)	$0.01	$0.01
Undesignated preferred stock, Authorized shares	5,000,000	5,000,000
Undesignated preferred stock, shares issued	0	0
Undesignated preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, Authorized shares	120,000,000	120,000,000
Common stock, issued shares	30,460,414	30,263,243
Common stock, outstanding shares	28,603,711	28,406,540
Treasury stock, common shares	1,856,703	1,856,703

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements of Income	'	'
Revenue	$112,274	$90,489
Costs of revenue	72,588	57,802
Gross profit	39,686	32,687
Operating expenses:	'	'
Selling, general and administrative expenses	28,456	23,758
Income from operations	11,230	8,929
Other income (expense):	'	'
Interest income	1,159	838
Foreign currency transaction (losses) gains	-155	387
Other, net	-10	-89
Total other income	994	1,136
Income before income tax expense	12,224	10,065
Income tax expense	3,221	2,543
Net income	$9,003	$7,522
Net income per share of common stock:	'	'
Basic (in dollars per share)	$0.32	$0.30
Diluted (in dollars per share)	$0.31	$0.29

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements of Comprehensive Income	'	'
Net income	$9,003	$7,522
Other comprehensive income (loss):	'	'
Foreign currency translation adjustments	-201	-8,245
Pension plan adjustment, net of tax	-13	76
Unrealized gain (loss) on available-for-sale securities, net of tax	50	-18
Unrealized gain (loss) on effective cash flow hedges, net of tax	661	-4,910
Other comprehensive income (loss)	497	-13,097
Comprehensive income (loss)	$9,500	($5,575)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$9,003	$7,522
Adjustments to reconcile net income to net cash (used in) provided by operating activities:	'	'
Depreciation and amortization	3,641	2,606
Share-based compensation expense	2,471	1,710
Reversal of contingent consideration	-1,833	'
Provision for doubtful accounts	34	486
Gain on sale of property and equipment	'	-3
Deferred income taxes	350	'
Foreign currency loss (gains), net	155	-387
Amortization of discounts and premiums on investments	316	'
Excess tax benefits from stock option exercises	-1,461	-1,783
Net change in operating assets and liabilities:	'	'
Accounts receivable	-8,012	-6,995
Prepaid expenses and other current assets	-919	1,625
Other long-term assets	-453	-326
Accounts payable	189	-2,524
Accrued employee compensation and benefits	-10,032	-4,842
Accrued expenses and other current liabilities	2,774	-178
Income taxes payable	874	1,310
Other long-term liabilities	403	-4
Net cash used in operating activities	-2,500	-1,783
Cash flows from investing activities:	'	'
Proceeds from sale of property and equipment	'	11
Purchase of short-term investments	'	-1,401
Proceeds from sale or maturity of short-term investments	4,298	1,800
Purchase of long-term investments	-5,579	-3,858
Proceeds from sale or maturity of long-term investments	1,000	600
Increase in restricted cash	-63	-10
Purchase of property and equipment	-4,448	-1,678
Net cash used in investing activities	-4,792	-4,536
Cash flows from financing activities:	'	'
Proceeds from exercise of common stock options	441	1,293
Payment of contingent consideration of related to acquisition	-441	'
Principal payments on capital lease obligation	-3	-5
Excess tax benefits from stock option exercises	1,461	1,783
Net cash provided by financing activities	1,458	3,071
Effect of exchange rate changes on cash and cash equivalents	-1	-2,983
Net decrease in cash and cash equivalents	-5,835	-6,231
Cash and cash equivalents, beginning of period	82,761	57,199
Cash and cash equivalents, end of period	$76,926	$50,968

Nature_of_Business

Nature of Business	3 Months Ended
	Jun. 30, 2014
Nature of Business	'
Nature of Business	'
	(1) Nature of Business
	Virtusa Corporation (the “Company” or “Virtusa”) is a global information technology services company. The Company uses a global delivery model to provide a broad range of information technology, or IT, services, including IT consulting, technology implementation and application outsourcing. Using its enhanced global delivery model, innovative platforming approach and industry expertise, the Company provides cost-effective services that enable its clients to accelerate time to market, improve service and enhance productivity. Headquartered in Massachusetts, Virtusa has offices in the United States, the United Kingdom, Sweden, Germany and Austria and global delivery centers in India, Sri Lanka, Hungary, Singapore, Malaysia and the Philippines, as well as a near shore center in the United States.

Unaudited_Interim_Financial_In

Unaudited Interim Financial Information	3 Months Ended
	Jun. 30, 2014
Unaudited Interim Financial Information	'
Unaudited Interim Financial Information	'
	(2) Unaudited Interim Financial Information
	Basis of Presentation
	The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with U.S. generally accepted accounting principles and Article 10 of Regulation S-X under the Securities and Exchange Act of 1934, as amended, and should be read in conjunction with the Company’s audited consolidated financial statements (and notes thereto) for the fiscal year ended March 31, 2014 included in the Company’s Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission, or SEC, on May 23, 2014. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of the Company’s management, all adjustments considered necessary for a fair presentation of the accompanying unaudited consolidated financial statements have been included, and all material adjustments are of a normal and recurring nature. Operating results for the interim periods are not necessarily indicative of results that may be expected to occur for the entire fiscal year.
	Principles of Consolidation
	The consolidated financial statements reflect the accounts of the Company and its direct and indirect subsidiaries, Virtusa Consulting Services Private Limited and Virtusa Software Services Private Limited, each organized and located in India, Virtusa (Private) Limited, organized and located in Sri Lanka, Virtusa UK Limited, organized and located in the United Kingdom, Virtusa Securities Corporation, a Massachusetts securities corporation, InSource Holdings, Inc., a company incorporated in the State of Connecticut, InSource LLC, a Connecticut limited liability company located in Connecticut, Virtusa International, B.V., organized and located in the Netherlands, Virtusa Hungary Kft., incorporated and located in Hungary, Virtusa Germany GmbH, organized and located in Germany, Virtusa Singapore Private Limited, organized and located in Singapore, Virtusa Malaysia Private Limited, organized and located in Malaysia, Virtusa Austria GmbH, organized and located in Austria, Virtusa Philippines Inc., organized and located in the Philippines and TradeTech Consulting Scandinavia AB, organized and located in Sweden. All intercompany transactions and balances have been eliminated in consolidation.
	Use of Estimates
	The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including the recoverability of tangible assets, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenue and expenses during the reported period. Management reevaluates these estimates on an ongoing basis. The most significant estimates relate to the recognition of revenue and profits based on the percentage of completion method of accounting for fixed price contracts, share based compensation, income taxes, including reserves for uncertain tax positions, deferred taxes and liabilities, intangible assets, contingent consideration and valuation of financial instruments including derivative contracts and investments. Management bases its estimates on historical experience and on various other factors and assumptions that are believed to be reasonable under the circumstances. The actual amounts may vary from the estimates used in the preparation of the accompanying consolidated financial statements.
	Fair Value of Financial Instruments
	At June 30, 2014 and March 31, 2014, the carrying amounts of certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, unbilled accounts receivable, restricted cash, accounts payable, accrued employee compensation and benefits and other accrued expenses, approximate their fair values due to the nature of the items. See Note 5 for a discussion of the fair value of the Company’s other financial instruments.

Net_Income_per_Share

Net Income per Share	3 Months Ended
	Jun. 30, 2014
Net Income per Share	'
Net Income per Share	'
	(3) Net Income per Share
	Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period, and diluted earnings per share is computed by including the dilutive impact of common stock equivalents outstanding for the period in the denominator. Common stock equivalents include shares issuable upon the exercise of outstanding stock options, SARs, unvested restricted stock awards and unvested restricted stock units, net of shares assumed to have been purchased with the proceeds, using the treasury stock method. The following table sets forth the computation of basic and diluted net income per share for the periods set forth below:
		Three Months Ended
		June 30,
		2014		2013
	Numerators:
	Net income	$	9,003	$	7,522
	Denominators:
	Weighted average common shares outstanding	28,476,804		25,293,101
	Dilutive effect of employee stock options and unvested restricted stock awards	875,035		841,511
	Dilutive effect of stock appreciation rights	9,442		16,469
	Weighted average shares-diluted	29,361,281		26,151,081
	Net income per share-basic	$	0.32	$	0.30
	Net income per share-diluted	$	0.31	$	0.29
	During the three months ended June 30, 2014 and 2013, options to purchase 25,378 and 45,591 shares of common stock, respectively, were excluded from the calculations of diluted earnings per share as their effect would have been anti-dilutive.

Investment_Securities

Investment Securities	3 Months Ended
	Jun. 30, 2014
Investment Securities	'
Investment Securities	'
	(4) Investment Securities
	At June 30, 2014 and March 31, 2014, all of the Company’s investment securities were classified as available-for-sale and were carried on its balance sheet at their fair market value. A fair market value hierarchy based on three levels of inputs was used to measure each security (see Note 5).
	The following is a summary of investment securities at June 30, 2014:
		Amortized		Gross		Gross			Fair
		Cost		Unrealized		Unrealized			Value
				Gains		Losses
	Available-for-sale securities:
	Corporate bonds:
	Current	$	27,405	$	10	$	(11	)	$	27,404
	Non-current	44,129		7		(31		)	44,105
	Auction-rate securities:
	Non-current	300		—		(11		)	289
	Agency and short-term notes:
	Current	406		—		—			406
	Non-current	11,421		3		(4		)	11,420
	Commercial paper:
	Current	5,499		—		—			5,499
	Municipal bonds:
	Non-current	200		—		—			200
	Time deposits:
	Current	28,601		—		—			28,601
	Total available-for-sale securities	$	117,961	$	20	$	(57	)	$	117,924
	The following is a summary of investment securities at March 31, 2014:
		Amortized		Gross		Gross			Fair
		Cost		Unrealized		Unrealized			Value
				Gains		Losses
	Available-for-sale securities:
	Corporate bonds:
	Current	$	20,255	$	9	$	(8	)	$	20,256
	Non-current	50,264		5		(70		)	50,199
	Auction-rate securities:
	Non-current	300		—		(12		)	288
	Agency and short-term notes:
	Current	561		—		—			561
	Non-current	11,341		1		(14		)	11,328
	Commercial paper:
	Current	5,497		—		—			5.497
	Municipal bonds:
	Non-current	200		—		—			200
	Time deposits:
	Current	29,574		—		—			29,574
	Total available-for-sale securities	$	117,992	$	15	$	(104	)	$	117,903
	The Company evaluates investments with unrealized losses to determine if the losses are other than temporary. The Company has determined that the gross unrealized losses at June 30, 2014 and March 31, 2014 are temporary. In making this determination, the Company considered the financial condition, credit ratings and near-term prospects of the issuers, the underlying collateral of the investments, and the magnitude of the losses as compared to the cost and the length of time the investments have been in an unrealized loss position. Additionally, while the Company classifies the securities as available for sale, the Company does not currently intend to sell such investments and it is more likely than not the Company will not be required to sell such investments prior to the recovery of their carrying value, except as disclosed in Note 5.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Jun. 30, 2014
Fair Value of Financial Instruments	'
Fair Value of Financial Instruments	'
	(5) Fair Value of Financial Instruments
	The Company uses a framework for measuring fair value under U.S. generally accepted accounting principles and enhanced disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The Company’s financial assets and liabilities reflected in the consolidated financial statements at carrying value include marketable securities and other financial instruments which approximate fair value. Fair value for marketable securities is determined using a market approach based on quoted market prices at period end in active markets. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:
		·		Level 1—Quoted prices in active markets for identical assets or liabilities.
		·		Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
		·		Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis at June 30, 2014:
			Level 1			Level 2		Level 3		Total
	Assets:
	Investments:
	Available-for-sales securities—current		$	—		$	61,910	$	—	$	61,910
	Available-for-sales securities—non-current		—			55,725		289		56,014
	Foreign currency derivative contracts		—			1,305		—		1,305
	Total assets		$	—		$	118,940	$	289	$	119,229
	Liabilities:
	Foreign currency derivative contracts		$	—		$	5,616	$	—	$	5,616
	Contingent consideration		—			—		4,205		4,205
	Total liabilities		$	—		$	5,616	$	4,205	$	9,821
	The Company’s investments in auction-rate securities (see Note 4), which are listed in the table above under the column “Level 3” under “Investments: Available-for-sale securities—non-current”, are classified within Level 3 because there are currently no active markets or observable market prices. Therefore, the auction-rate securities were valued primarily based on an income approach using an estimate of future cash flows. The Company has estimated the fair value using a discounted cash flow analysis which considered the following key inputs: (i) the underlying structure and maturity of each security; (ii) the timing of expected future principal and interest payments; and (iii) discount rates that are believed to reflect current market conditions and the relevant risk associated with each security. The underlying assets of these auction-rate securities are generally student loans which are substantially backed by the U.S. federal government. The Company classifies its investment in auction-rate securities as long-term investments, reflecting the fact that the Company’s auction-rate securities have underlying final maturities of greater than one year.
	The following table provides a summary of changes in fair value of the Company’s Level 3 financial assets at June 30, 2014:
			Level 3
			Assets
	Balance at April 1, 2014		$	288
	Total unrealized gains:
	Included in accumulated other comprehensive income		1
	Balance at June 30, 2014		$	289
	The Company determines the fair value of the contingent consideration related to the Company’s acquisition on November 1, 2013 of OSB Consulting LLC, (“OSB”) and on January 2, 2014 of TradeTech Consulting Scandinavia AB (“TradeTech”) based on the probability of attaining certain revenue and profit margin targets using an appropriate discount rate to present value the liability.  See Note 7 of the notes to our financial statements included herein for a description of OSB and TradeTech acquisitions and related contingent consideration targets. The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities at June 30, 2014.
			Level 3
			Liabilities
	Balance at April 1, 2014		$	5,925
	Payment of OSB contingent consideration (See Note 7)		(500		)
	Reversal of the TradeTech earn-out recognized in earnings (See Note 7)		(1,833		)
	Increase of the OSB earn-out recognized in earnings (See Note 7)		663
	Cumulative foreign currency translation adjustments		(50		)
	Balance at June 30, 2014		$	4,205

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
	Jun. 30, 2014
Derivative Financial Instruments	'
Derivative Financial Instruments	'
	(6) Derivative Financial Instruments
	The Company evaluates its foreign exchange policy on an ongoing basis to assess its ability to address foreign exchange exposures on its consolidated balance sheets, statements of income and consolidated statement of cash flows from all foreign currencies, including most significantly the U.K. pound sterling, Indian rupee and Sri Lankan rupee. The Company enters into hedging programs with highly rated financial institutions in accordance with its foreign exchange policy (as approved by the Company’s audit committee and board of directors) which permits hedging of material, known foreign currency exposures. Currently, the Company maintains three hedging programs, each with varying contract types, duration and purposes. The Company’s “Cash Flow Program” is designed to mitigate the impact of volatility in the U.S. dollar equivalent of the Company’s Indian rupee denominated expenses over a rolling 36 month period. The Cash Flow Program transactions currently meet the criteria for hedge accounting as cash flow hedges. The Company’s “Balance Sheet Program” involves the use of 30 day derivative instruments designed to mitigate the monthly impact of foreign exchange gains/losses on certain intercompany balances and payments. The Company’s “Economic Hedge Program” involves the purchase of derivative instruments with maturities of up to 92 days, and is designed to mitigate the impact of foreign exchange on the U.K. pound sterling and Swedish krona denominated revenue and costs with respect to the quarter for which such instruments are purchased. The Balance Sheet Program and the Economic Hedge Program are treated as economic hedges as these programs do not meet the criteria for hedge accounting and all gains and losses are recognized in consolidated statement of income under the same line item as the underlying exposure being hedged.
	The Company evaluates all of its derivatives based on market observable inputs, including both forward and spot prices for currencies. Any significant change in the forward or spot prices for hedged currencies would have a significant impact on the value of the Company’s derivatives. Changes in fair value of the designated cash flow hedges for the Company’s Cash Flow Program are recorded as a component of accumulated other comprehensive income (loss) (“AOCI”), net of tax, until the forecasted hedged transactions occur and are then recognized in the consolidated statement of income in the same line item as the item being hedged. The Company evaluates hedge effectiveness at the time a contract is entered into, as well as on an ongoing basis. If, and when, all or part of a hedge relationship is discontinued because the forecasted transaction is deemed probable of not occurring by the end of the originally specified period or within an additional two-month period of time thereafter, the contract, or the relative amount of the contract, is deemed “ineffective” and any related derivative amounts recorded in equity are reclassified to earnings. There were no gains (losses) that were reclassified from AOCI into earnings as a result of forecasted transactions that were considered probable of not occurring for the three month periods ended June 30, 2014 and 2013.
	Changes in the fair value of the derivatives purchased under the Balance Sheet Program are reflected in the Company’s consolidated statement of income and are included in foreign currency transaction gains (losses) for each period. Changes in the fair value of the derivatives purchased under the Economic Hedge Program are also reflected in the Company’s consolidated statement of income and are included in the same line item as the underlying exposure being hedged for each period.
	The U.S. dollar notional equivalent market value, which consists of the notional value and net unrealized gain or loss, of all outstanding foreign currency derivative contracts, was $109,268 and $102,801, at June 30, 2014 and March 31, 2014, respectively. Unrealized net losses related to these contracts which are expected to be reclassified from AOCI to earnings during the next 12 months were $2,926 at June 30, 2014. At June 30, 2014, the maximum outstanding term of any derivative instrument was 33 months.
	The following table sets forth the fair value of derivative instruments included in the consolidated balance sheets at June 30, 2014 and March 31, 2014:
	Derivatives designated as hedging instruments
		June 30, 2014			March 31, 2014
	Foreign currency exchange contracts:
	Other current assets	$	793		$	398
	Other long-term assets	$	512		$	586
	Accrued expenses and other current liabilities	$	3,719		$	3,925
	Long-term liabilities	$	1,897		$	2,449
	The following tables set forth the effect of the Company’s foreign currency exchange contracts on the consolidated financial statements of the Company for the three months ended June 30, 2014 and 2013:
		Amount of Gain (Loss) Recognized in AOCI on Derivatives
		(Effective Portion)
	Derivatives Designated as Cash Flow	Three months June 30,
	Hedging Relationships	2014			2013
	Foreign currency exchange contracts	$	443		$	(8,387	)
	Location of Gain (Loss) Reclassified	Amount of Gain (Loss) Reclassified from AOCI into Income
		(Effective Portion)
	from AOCI into Income (Effective	Three months ended June 30,
	Portion)	2014			2013
	Costs of revenue	$	(394	)	$	(594	)
	Operating expenses	$	(243	)	$	(385	)
				Amount of Gain (Loss) Recognized in Income
				on Derivatives
	Derivatives not Designated	Location of Gain or (Loss)		Three months ended
				June 30,
	as Hedging Instrument	Recognized in Income on Derivatives		2014			2013
	Foreign currency exchange contracts	Foreign currency transaction gains (losses)		$	(249	)	$	(1,609	)
		Revenue		$	(148	)	$	(101	)
		Costs of revenue		$	49		$	54
		Selling, general and administrative expenses		$	9		$	4

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2014
Acquisitions	'
Acquisitions	'
	(7) Acquisitions
	On November 1, 2013, the Company acquired substantially all of the business and assets of OSB pursuant to an asset purchase agreement dated November 1, 2013 (the “Asset Purchase Agreement”) by and among OSB and the sole member of OSB. The acquisition of OSB extends the Company’s service offerings to include a broader set of finance transformation services in the financial services and insurance domains to existing and new clients, including service offerings targeted to enable clients to automate their finance and accounting processes, reporting capabilities, including SAP based capabilities, and regulatory compliance programs.
	The purchase price was $6,840 in cash. Ten percent of the purchase price is subject to a hold back by the Company for a period of 12 months as security for the sellers’ indemnification obligations under the Asset Purchase Agreement. The purchase price is subject to adjustment after the closing of up to an additional $6,000 in earn-out consideration, in the aggregate, upon the achievement of certain revenue and operating margin targets for the five months ending March 31, 2014, the nine months ending December 31, 2014 and the twelve months ending December 31, 2015. At March 31, 2014, the Company determined that OSB had met 100% of the performance targets for the five months ending March 31, 2014.  During the three months ended June 30, 2014, the Company paid the $500 earn-out consideration to OSB. The fair value of the remaining contingent consideration at June 30, 2014 is $4,205.  The change in fair value of $663 was recorded as a change to selling, general and administration expenses in the three months ended June 30, 2014.
	Under the terms of the Asset Purchase Agreement, the Company agreed to offer employment to all of the employees of OSB, including certain key employees and the sole member of OSB.
	There are no material relationships between the Company or any of its affiliates and any of the parties to the Asset Purchase Agreement and related agreements, other than with respect to such agreements themselves.
	On January 2, 2014, Virtusa International B.V., a wholly owned subsidiary of the Company organized and formed in the Netherlands (“Virtusa BV”), acquired all of the outstanding shares of TradeTech and its subsidiaries (together with TradeTech, the “TradeTech Group”), pursuant to a share purchase agreement dated as of January 2, 2014 (the “Share Purchase Agreement”) by and among Virtusa BV and the shareholders of TradeTech. The acquisition expands the Company’s position within the banking, financial services and insurance industries by increasing its asset management and treasury services domain and technology expertise, as well as by expanding the Company’s global presence into the Nordics.
	Under the terms of the Share Purchase Agreement, Virtusa BV acquired all the outstanding shares of TradeTech for $19,087 in cash, reflective of a working capital adjustment as part of the Share Purchase Agreement, subject to adjustment after the closing by up to $4,080 in earn-out consideration upon TradeTech Group’s achievement of certain revenue and EBITA targets for the 12-month period ending December 31, 2014. At June 30, 2014, the Company determined that the earn-out consideration targets would not be achieved for the 12-month period ending December 31, 2014, resulting in a reduction in fair value of $1,833 for the three months ended June 30, 2014.  At June 30, 2014, there is no liability recorded. The reduction of the entire fair value of the earn-out consideration of $1,833 was recorded as a reduction to selling, general and administration expenses in the three-month period ended June 30, 2014.  Under the terms of the Share Purchase Agreement, 12.5% of the purchase price was also held back and placed into escrow by the Company for a period of 12 months as security for the indemnification obligations of the TradeTech Shareholders. The Company also agreed to issue an aggregate of up to $2,000 in deferred restricted stock awards from the Company’s stock option and incentive plan, not to exceed an aggregate of 65,000 shares, to certain of these new TradeTech Group employees. The shares will be recognized as compensation cost over the requisite employee service period. The shares will vest annually over a five year period.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets	'
Goodwill and Intangible Assets	'
	(8) Goodwill and Intangible Assets
	Goodwill:
	The Company has one reportable segment at June 30, 2014. The following are details of the changes in goodwill balance at June 30, 2014:
		Amount
	Balance at April 1, 2014	$	53,448
	Cumulative foreign currency translation adjustments	(435		)
	Balance at June 30, 2014	$	53,013
	The acquisition costs and goodwill balance deductible for the Company’s business acquisitions for tax purposes are $41,834. The acquisition costs and goodwill balance not deductible for tax purposes are $12,570 and relate to the Company’s TradeTech acquisition.
	The Company performed the annual assessment of its goodwill during the fourth quarter of the fiscal year ended March 31, 2014 and determined that the estimated fair value of the Company’s reporting unit exceeded its carrying value and therefore goodwill was not impaired. The Company will continue to complete goodwill impairment assessments at least annually during the fourth quarter of each ensuing fiscal year. The Company will continue to evaluate whether events or circumstances have occurred that indicate that the estimated remaining useful life of its long-lived assets, including intangible assets, may warrant revision or that the carrying value of these assets may be impaired. Any write downs are treated as permanent reductions in the carrying amount of the assets.
	Intangible Assets:
	The following are details of the Company’s intangible asset carrying amounts acquired and amortization at June 30, 2014
		Weighted Average		Gross Carrying		Accumulated		Net Carrying
		Useful Life		Amount		Amortization		Amount
	Amortizable intangible assets:
	Customer relationships	9.4		$	36,087	$	9,781	$	26,306
	Partner relationships	6.5		700		515		185
	Trademark	1		73		38		35
	Backlog	1		1,460		993		467
		9		$	38,320	$	11,327	$	26,993

Income_Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2014
Income Taxes	'
Income Taxes	'
	(9) Income Taxes
	The Company’s effective tax rate was 26.4% for the three months ended June 30, 2014, as compared to an effective tax rate of 25.3% for the three months ended June 30, 2013. The increase in the effective tax rate for three months ended June 30, 2014 is primarily due to geographical income distribution and increased tax charges related to executive compensation deduction limitations. The increase in the effective tax rate was partially offset by a tax benefit associated with the reduction in fair value of $1,833 in the three months ended June 30, 2014 related to the determination that TradeTech would not achieve its performance targets for its earn-out consideration, as well as tax benefits generated from new special economic zone (“SEZ”) tax holiday incentives located in Bangalore and Pune, India.
	One of the Company’s Indian subsidiaries, Virtusa (India) Private Limited, now merged with and into Virtusa Consulting Services Private Limited (collectively referred to as “Virtusa India”), is an export oriented company. The Indian Income Tax Act of 1961 entitles taxpayers to claim tax exemption for a period of ten consecutive years for each Software Technology Park (“STP”) that it operates.  Virtusa India operates two STPs, one in Chennai and one in Hyderabad, India. The STP tax holiday in Hyderabad, India expired on March 31, 2010 and the STP tax holiday in Chennai, India expired on March 31, 2011. For the three months ended June 30, 2014 and 2013, all profits in the STPs in Hyderabad and Chennai, India were fully taxable at the Indian statutory tax rate of 34.0%. In anticipation of, and to mitigate the impact of, the phase-out of the STP tax holidays in Hyderabad and Chennai, India, the Company located new Indian operations in areas designated as an SEZ under the SEZ Act of 2005 through two operating subsidiaries, Virtusa Software Services Private Limited and Virtusa Consulting Services Private Limited. In the fiscal year ended March 31, 2014, the Company leased a facility in SEZ designated locations in Bangalore and Pune, India, each of which is eligible for tax holiday benefits beginning in the fiscal year ended March 31, 2014.The Company’s profits from these SEZ operations are eligible for certain additional income tax exemptions for a period of up to 15 years based on export income.
	In addition, the Company’s Sri Lankan subsidiary, Virtusa (Private) Limited, is operating under a 12 year income tax holiday arrangement that is set to expire on March 31, 2019 and required Virtusa (Private) Limited to meet certain job creation and investment criteria by March 31, 2014. During the fiscal year ended March 31, 2014, the Company believes it fulfilled its hiring and investment commitments and is eligible for the tax holiday benefits through March 2019. The current agreement provides income tax exemption for all export business income. The Company has submitted the required support to the Board of Investment and is awaiting confirmation. At June 30, 2014, the Company believes it is eligible for the entire 12 year tax holiday.
	The Company’s effective income tax rate is based on the composition of estimated income in different jurisdictions, including those where the Company is enjoying tax holidays, for the applicable fiscal year and adjustments, if any, in the applicable quarterly periods, for unrecognized tax benefits for uncertain income tax positions or other discrete items required to be reported during interim periods. The Company’s aggregate income tax rate in foreign jurisdictions is lower than its income tax rate in the United States due primarily to lower rates generally in jurisdictions in which the Company operates and applicable tax holiday benefits of the Company, obtained primarily in India and Sri Lanka.
	Unrecognized tax benefits represent uncertain tax positions for which the Company has established reserves. At June 30, 2014 and March 31, 2014, the total liability for unrecognized tax benefits was $377 and $410, respectively, all of which would negatively impact the Company’s annual effective tax rate, if realized. Each fiscal year, unrecognized tax benefits may be adjusted upon the closing of the statute of limitations for income tax returns filed in various jurisdictions. During the three months ended June 30, 2014 and June 30, 2013, the unrecognized tax benefits decreased by $33 and increased by $24, respectively. The decrease in unrecognized tax benefits in the three month period ending June 30, 2014 was predominantly due to a cash settlement with tax authorities, partially offset by increases for incremental interest accrued on existing uncertain tax positions.
	The Company files U.S. federal income tax returns as well as income tax returns in various states and foreign jurisdictions. Recently, the Internal Revenue Service (“IRS”) conducted a routine audit of the Company’s fiscal years 2008 to 2011, pursuant to which the IRS made certain assessments. In connection with the audit, during the fourth quarter of fiscal year 2013, the Company executed a settlement arrangement with the IRS for all periods under audit to close out the audit. The Company had fully accrued for all such assessments and the settlement impact on the Company’s financial statements is properly reflected at June 30, 2014.
	The Company’s U.S. tax return for the fiscal year ended March 31, 2012 was recently audited by the IRS pursuant to which the IRS made certain assessments.  During the three month period ending June 30, 2014, the Company executed a settlement agreement with the IRS for the fiscal year ended March 31, 2012.   The Company has fully accrued for all such assessments and the settlement impact on the Company’s financial statements is properly reflected at June 30, 2014.  In addition, tax returns for various years are under examination by tax authorities of foreign jurisdictions. Currently, several issues are at various levels of appeal with the Indian and Sri Lankan tax authorities. While it is difficult to predict the final outcome, the Company believes its reserves represent the most likely outcome and continues to evaluate all tax return positions.
	Undistributed Earnings of Foreign Subsidiaries
	A substantial amount of the Company’s income before provision for income tax is from operations earned in its Indian and Sri Lankan subsidiaries and is subject to tax holiday. The Company intends to use accumulated and future earnings of foreign subsidiaries to expand operations outside the United States and, accordingly, undistributed income is considered to be indefinitely reinvested. The Company does not provide for U.S. income taxes on foreign earnings. At June 30, 2014, the Company had $168.1 million of unremitted earnings from foreign subsidiaries and approximately $80.6 million of cash and short-term investments that would otherwise be available for potential distribution, if not indefinitely reinvested. If required, it could be repatriated to the United States. However, under current law, any repatriation would be subject to United States federal income tax less applicable foreign tax credits. Due to the various methods by which such earnings could be repatriated in the future, the amount of taxes attributable to the undistributed earnings is not practicably determinable.

Concentration_of_Revenue_and_A

Concentration of Revenue and Assets	3 Months Ended
	Jun. 30, 2014
Concentration of Revenue and Assets	'
Concentration of Revenue and Assets	'
	(10) Concentration of Revenue and Assets
	Total revenue is attributed to geographic areas based on the location of the client. Long-lived assets represent property, plant and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization, and are attributed to geographic area based on their location. Geographic information is summarized as follows:
		Three Months Ended
		June 30,
		2014			2013
	Client revenue:
	North America	$	73,464		$	67,266
	Europe	31,897			18,339
	Rest of world	6,913			4,884
	Consolidated revenue	$	112,274		$	90,489
		June 30,			March 31,
		2014			2014
	Long-lived assets, net of accumulated depreciation and amortization:
	United States	$	60,999		$	61,562
	Asia	31,861			32,235
	Europe	23,455			23,658
	Consolidated long-lived assets, net	$	116,315		$	117,455
	Revenue from significant clients as a percentage of the Company’s consolidated revenue was as follows:
		Three Months Ended
		June 30,
		2014		2013
	Customer 1	13.1	%	11.2	%
	Customer 2	9.7	%	13.6	%
	Customer 3	8.9	%	13.5	%

Debt

Debt	3 Months Ended
	Jun. 30, 2014
Debt	'
Debt	'
	(11) Debt
	On December 31, 2013, the Company entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A. (“JPM”). The credit agreement amended and restated the Company’s $3,000 secured revolving credit agreement with JPM and provides for a $25,000 secured revolving credit facility, which shall be available to fund working capital and other corporate purposes, as well as to serve as security in support of the Company’s foreign currency hedging programs. The credit agreement contains financial covenants that require the Company to maintain a Funded Debt to Adjusted EBITDA Ratio of not more than 2.00 to 1.00 and a Fixed Charge Coverage Ratio of less than 2.50 to 1.00, each as determined for the trailing twelve month period ending on each fiscal quarter. The Company is currently in compliance with all covenants contained in the credit agreement and believes that the credit agreement provides sufficient flexibility to enable continued compliance with its terms. Interest under this credit facility accrues at a rate between LIBOR plus 1.5% and LIBOR plus 1.75% based on the Company’s ratio of indebtedness to Adjusted EBITDA. Based on this ratio, the interest rate at December 31, 2013 under the credit facility was 1.6875%. The term of the credit facility is five years, ending December 31, 2018. This facility replaced the Company’s prior $3,000 line of credit with JPM. At June 30, 2014, there were no borrowings outstanding under the credit facility.
	Beginning in fiscal 2009, the Company’s U.K. subsidiary entered into an agreement with a financial institution to sell, without recourse, certain of its Europe-based accounts receivable balances to the financial institution. During the three months ended June 30, 2014, $5,149 of receivables was sold under the terms of the financing agreement. Fees paid pursuant to this agreement were immaterial during the three months ended June 30, 2014. No amounts were outstanding under the financing agreement at June 30, 2014.

Pensions_and_postretirement_be

Pensions and post-retirement benefits	3 Months Ended
	Jun. 30, 2014
Pensions and post-retirement benefits	'
Pensions and post-retirement benefits	'
	(12) Pensions and post-retirement benefits
	The Company has noncontributory defined benefit plans covering its employees in India and Sri Lanka as mandated by the Indian and Sri Lankan governments. The following tables provide information regarding pension expense recognized:
		Three Months Ended
		June 30,
		2014			2013
	Components of net periodic pension cost
	Service cost	$	136		$	140
	Interest cost	59			54
	Expected return on plan assets	(54		)	(55		)
	Amortization of past service cost	24			3
	Amortization of actuarial loss	3			23
	Net periodic pension cost	$	168		$	165
	The Company expects to contribute approximately $508 in cash to the pension plans during the fiscal year ending March 31, 2015. The Company made cash contributions of $332 to the plans during the three months ended June 30, 2014.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	3 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Loss	'
Accumulated Other Comprehensive Loss	'
	(13) Accumulated Other Comprehensive Loss
	Changes in accumulated other comprehensive income (loss) by component were as follows for the three months ended June 30, 2014 and 2013:
	Accumulated Other Comprehensive Income (Loss)	Three Months Ended
		June 30,
	(In thousands, except per share amounts)	2014			2013
	Investment securities
	Beginning balance	$	(54	)	$	(3	)
	Other comprehensive income (loss) (OCI) before reclassifications net of tax of $0 for all periods	50			(24		)
	Reclassifications from OCI to other income — net of tax of $0 for all periods	—			6
	Comprehensive income (loss) on investment securities, net of tax of $0 for all periods	50			(18		)
	Closing Balance	$	(4	)	$	(21	)
	Currency Translation Adjustments
	Beginning balance	$	(23,253	)	$	(16,918	)
	OCI before reclassifications	(201		)	(8,245		)
	Closing Balance	$	(23,454	)	$	(25,163	)
	Cash Flow Hedges
	Beginning balance	$	(3,829	)	$	(1,013	)
	OCI before reclassifications net of tax of $357 and $(2,856)	86			(5,530		)
	Reclassifications from OCI to
	- Costs of revenue, net of tax of $38 and $219	356			375
	- Selling, general and administrative expenses, net of tax of $24 and $140	219			245
	Comprehensive income (loss) on cash flow hedges, net of tax of $419 and $(2,497)	661			(4,910		)
	Closing Balance	$	(3,168	)	$	(5,923	)
	Benefit plans
	Beginning balance	$	(578	)	$	(780	)
	Reclassifications from OCI for prior service credit (cost) to:
	- Costs of revenue, net of tax of $0 for all periods	2			2
	- Selling, general and administrative expenses, net of tax of $0 for all periods	—			1
	Reclassifications from OCI for net actuarial gain (loss) amortization to:
	- Costs of revenue, net of tax of $0 for all periods	15			18
	- Selling, general and administrative expenses, net of tax of $0 for all periods	10			5
	Other adjustments	(40		)	50
	Comprehensive income (loss) on benefit plans, net of tax of $0 for all periods	(13		)	76
	Closing Balance	$	(591	)	$	(704	)
	Accumulated other comprehensive income (loss)	$	(27,217	)	$	(31,811	)

Subsequent_Events

Subsequent Events	3 Months Ended
	Jun. 30, 2014
Subsequent Events	'
Subsequent Events	'
	(14) Subsequent Events
	On July 28, 2014, the Company purchased multiple foreign currency forward contracts designed to hedge fluctuation in the U.K. pound sterling against the U.S. dollar. The contracts have an aggregate notional amount of approximately £4,415 (approximately $7,417) and will expire on various dates through September 30, 2014. The weighted average U.K. pound sterling settlement rate associated with these contracts is approximately $1.68.
	On July 28, 2014, the Company purchased multiple foreign currency forward contracts designed to hedge fluctuation in the Swedish krona (“SEK”) against the U.S. dollar. The contracts have an aggregate notional amount of approximately SEK 3,744 (approximately $555) and will expire on various dates during the period ending September 30, 2014. The weighted average U.S. dollar settlement rate associated with these contracts is approximately $0.148.
	On July 31, 2014, the Company purchased multiple foreign currency forward contracts designed to hedge fluctuation in the Indian rupee against the U.S. dollar and U.K. pound sterling. The U.S dollar contracts have an aggregate notional amount of approximately 637,098 Indian rupees (approximately $9,829) and have an average settlement rate of 64.78 Indian rupees. The U.K. pound sterling contracts have an aggregate notional amount of approximately 826,072 Indian rupees (approximately £7,743) and have an average settlement rate of 106.14 Indian rupees. These contracts will expire at various dates during the 36 month period ending on June 30, 2017. The Company will be obligated to settle these contracts based upon the Reserve Bank of India published Indian rupee exchange rates. Based on the U.S. dollar to U.K. pound sterling spot rate on July 31, 2014 of $1.69 the blended weighted average Indian rupee rate associated with both the U.S. dollar and U.K. pound sterling contracts would be approximately 63.79 Indian rupees per U.S. dollar.

Unaudited_Interim_Financial_In1

Unaudited Interim Financial Information (Policies)	3 Months Ended
	Jun. 30, 2014
Unaudited Interim Financial Information	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with U.S. generally accepted accounting principles and Article 10 of Regulation S-X under the Securities and Exchange Act of 1934, as amended, and should be read in conjunction with the Company’s audited consolidated financial statements (and notes thereto) for the fiscal year ended March 31, 2014 included in the Company’s Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission, or SEC, on May 23, 2014. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of the Company’s management, all adjustments considered necessary for a fair presentation of the accompanying unaudited consolidated financial statements have been included, and all material adjustments are of a normal and recurring nature. Operating results for the interim periods are not necessarily indicative of results that may be expected to occur for the entire fiscal year.
Principles of Consolidation	'
	Principles of Consolidation
	The consolidated financial statements reflect the accounts of the Company and its direct and indirect subsidiaries, Virtusa Consulting Services Private Limited and Virtusa Software Services Private Limited, each organized and located in India, Virtusa (Private) Limited, organized and located in Sri Lanka, Virtusa UK Limited, organized and located in the United Kingdom, Virtusa Securities Corporation, a Massachusetts securities corporation, InSource Holdings, Inc., a company incorporated in the State of Connecticut, InSource LLC, a Connecticut limited liability company located in Connecticut, Virtusa International, B.V., organized and located in the Netherlands, Virtusa Hungary Kft., incorporated and located in Hungary, Virtusa Germany GmbH, organized and located in Germany, Virtusa Singapore Private Limited, organized and located in Singapore, Virtusa Malaysia Private Limited, organized and located in Malaysia, Virtusa Austria GmbH, organized and located in Austria, Virtusa Philippines Inc., organized and located in the Philippines and TradeTech Consulting Scandinavia AB, organized and located in Sweden. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including the recoverability of tangible assets, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenue and expenses during the reported period. Management reevaluates these estimates on an ongoing basis. The most significant estimates relate to the recognition of revenue and profits based on the percentage of completion method of accounting for fixed price contracts, share based compensation, income taxes, including reserves for uncertain tax positions, deferred taxes and liabilities, intangible assets, contingent consideration and valuation of financial instruments including derivative contracts and investments. Management bases its estimates on historical experience and on various other factors and assumptions that are believed to be reasonable under the circumstances. The actual amounts may vary from the estimates used in the preparation of the accompanying consolidated financial statements.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	At June 30, 2014 and March 31, 2014, the carrying amounts of certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, unbilled accounts receivable, restricted cash, accounts payable, accrued employee compensation and benefits and other accrued expenses, approximate their fair values due to the nature of the items. See Note 5 for a discussion of the fair value of the Company’s other financial instruments.

Net_Income_per_Share_Tables

Net Income per Share (Tables)	3 Months Ended
	Jun. 30, 2014
Net Income per Share	'
Schedule of computation of basic and diluted net income per share	'
		Three Months Ended
		June 30,
		2014		2013
	Numerators:
	Net income	$	9,003	$	7,522
	Denominators:
	Weighted average common shares outstanding	28,476,804		25,293,101
	Dilutive effect of employee stock options and unvested restricted stock awards	875,035		841,511
	Dilutive effect of stock appreciation rights	9,442		16,469
	Weighted average shares-diluted	29,361,281		26,151,081
	Net income per share-basic	$	0.32	$	0.30
	Net income per share-diluted	$	0.31	$	0.29

Investment_Securities_Tables

Investment Securities (Tables)	3 Months Ended
	Jun. 30, 2014
Investment Securities	'
Schedule of investment securities	'
	The following is a summary of investment securities at June 30, 2014:
		Amortized		Gross		Gross			Fair
		Cost		Unrealized		Unrealized			Value
				Gains		Losses
	Available-for-sale securities:
	Corporate bonds:
	Current	$	27,405	$	10	$	(11	)	$	27,404
	Non-current	44,129		7		(31		)	44,105
	Auction-rate securities:
	Non-current	300		—		(11		)	289
	Agency and short-term notes:
	Current	406		—		—			406
	Non-current	11,421		3		(4		)	11,420
	Commercial paper:
	Current	5,499		—		—			5,499
	Municipal bonds:
	Non-current	200		—		—			200
	Time deposits:
	Current	28,601		—		—			28,601
	Total available-for-sale securities	$	117,961	$	20	$	(57	)	$	117,924
	The following is a summary of investment securities at March 31, 2014:
		Amortized		Gross		Gross			Fair
		Cost		Unrealized		Unrealized			Value
				Gains		Losses
	Available-for-sale securities:
	Corporate bonds:
	Current	$	20,255	$	9	$	(8	)	$	20,256
	Non-current	50,264		5		(70		)	50,199
	Auction-rate securities:
	Non-current	300		—		(12		)	288
	Agency and short-term notes:
	Current	561		—		—			561
	Non-current	11,341		1		(14		)	11,328
	Commercial paper:
	Current	5,497		—		—			5.497
	Municipal bonds:
	Non-current	200		—		—			200
	Time deposits:
	Current	29,574		—		—			29,574
	Total available-for-sale securities	$	117,992	$	15	$	(104	)	$	117,903

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2014
Fair Value of Financial Instruments	'
Schedule of financial assets and liabilities measured at fair value on a recurring basis	'
		Level 1			Level 2		Level 3		Total
	Assets:
	Investments:
	Available-for-sales securities—current	$	—		$	61,910	$	—	$	61,910
	Available-for-sales securities—non-current	—			55,725		289		56,014
	Foreign currency derivative contracts	—			1,305		—		1,305
	Total assets	$	—		$	118,940	$	289	$	119,229
	Liabilities:
	Foreign currency derivative contracts	$	—		$	5,616	$	—	$	5,616
	Contingent consideration	—			—		4,205		4,205
	Total liabilities	$	—		$	5,616	$	4,205	$	9,821
Schedule of changes in fair value of Level 3 financial assets	'
		Level 3
		Assets
	Balance at April 1, 2014	$	288
	Total unrealized gains:
	Included in accumulated other comprehensive income	1
	Balance at June 30, 2014	$	289
Schedule of changes in fair value of the Company's Level 3 financial liabilities	'
		Level 3
		Liabilities
	Balance at April 1, 2014	$	5,925
	Payment of OSB contingent consideration (See Note 7)	(500		)
	Reversal of the TradeTech earn-out recognized in earnings (See Note 7)	(1,833		)
	Increase of the OSB earn-out recognized in earnings (See Note 7)	663
	Cumulative foreign currency translation adjustments	(50		)
	Balance at June 30, 2014	$	4,205

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2014
Derivative Financial Instruments	'
Schedule of fair value of derivative instruments included in the consolidated balance sheets	'
		June 30, 2014			March 31, 2014
	Foreign currency exchange contracts:
	Other current assets	$	793		$	398
	Other long-term assets	$	512		$	586
	Accrued expenses and other current liabilities	$	3,719		$	3,925
	Long-term liabilities	$	1,897		$	2,449
Schedule of effect of the foreign currency exchange contracts on the consolidated financial statements	'
		Amount of Gain (Loss) Recognized in AOCI on Derivatives
		(Effective Portion)
	Derivatives Designated as Cash Flow	Three months June 30,
	Hedging Relationships	2014			2013
	Foreign currency exchange contracts	$	443		$	(8,387	)
	Location of Gain (Loss) Reclassified	Amount of Gain (Loss) Reclassified from AOCI into Income
		(Effective Portion)
	from AOCI into Income (Effective	Three months ended June 30,
	Portion)	2014			2013
	Costs of revenue	$	(394	)	$	(594	)
	Operating expenses	$	(243	)	$	(385	)
				Amount of Gain (Loss) Recognized in Income
				on Derivatives
	Derivatives not Designated	Location of Gain or (Loss)		Three months ended
				June 30,
	as Hedging Instrument	Recognized in Income on Derivatives		2014			2013
	Foreign currency exchange contracts	Foreign currency transaction gains (losses)		$	(249	)	$	(1,609	)
		Revenue		$	(148	)	$	(101	)
		Costs of revenue		$	49		$	54
		Selling, general and administrative expenses		$	9		$	4

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets	'
Schedule of changes in goodwill	'
		Amount
	Balance at April 1, 2014	$	53,448
	Cumulative foreign currency translation adjustments	(435		)
	Balance at June 30, 2014	$	53,013
Schedule of carrying amount and accumulated amortization of intangible asset	'
		Weighted Average		Gross Carrying		Accumulated		Net Carrying
		Useful Life		Amount		Amortization		Amount
	Amortizable intangible assets:
	Customer relationships	9.4		$	36,087	$	9,781	$	26,306
	Partner relationships	6.5		700		515		185
	Trademark	1		73		38		35
	Backlog	1		1,460		993		467
		9		$	38,320	$	11,327	$	26,993

Concentration_of_Revenue_and_A1

Concentration of Revenue and Assets (Tables)	3 Months Ended
	Jun. 30, 2014
Concentration of Revenue and Assets	'
Schedule of revenue attributed to geographic areas based on location of the client	'
		Three Months Ended
		June 30,
		2014			2013
	Client revenue:
	North America	$	73,464		$	67,266
	Europe	31,897			18,339
	Rest of world	6,913			4,884
	Consolidated revenue	$	112,274		$	90,489
Schedule of long-lived assets, net of accumulated depreciation and amortization attributed to geographic areas based on location of assets	'
		June 30,			March 31,
		2014			2014
	Long-lived assets, net of accumulated depreciation and amortization:
	United States	$	60,999		$	61,562
	Asia	31,861			32,235
	Europe	23,455			23,658
	Consolidated long-lived assets, net	$	116,315		$	117,455
Schedule of revenue from significant clients as a percentage of consolidated revenue	'
		Three Months Ended
		June 30,
		2014		2013
	Customer 1	13.1	%	11.2	%
	Customer 2	9.7	%	13.6	%
	Customer 3	8.9	%	13.5	%

Pensions_and_postretirement_be1

Pensions and post-retirement benefits (Tables)	3 Months Ended
	Jun. 30, 2014
Pensions and post-retirement benefits	'
Schedule of pension expense recognized	'
		Three Months Ended
		June 30,
		2014			2013
	Components of net periodic pension cost
	Service cost	$	136		$	140
	Interest cost	59			54
	Expected return on plan assets	(54		)	(55		)
	Amortization of past service cost	24			3
	Amortization of actuarial loss	3			23
	Net periodic pension cost	$	168		$	165

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Loss	'
Schedule of changes in accumulated other comprehensive income (loss) by component	'
	Accumulated Other Comprehensive Income (Loss)	Three Months Ended
		June 30,
	(In thousands, except per share amounts)	2014			2013
	Investment securities
	Beginning balance	$	(54	)	$	(3	)
	Other comprehensive income (loss) (OCI) before reclassifications net of tax of $0 for all periods	50			(24		)
	Reclassifications from OCI to other income — net of tax of $0 for all periods	—			6
	Comprehensive income (loss) on investment securities, net of tax of $0 for all periods	50			(18		)
	Closing Balance	$	(4	)	$	(21	)
	Currency Translation Adjustments
	Beginning balance	$	(23,253	)	$	(16,918	)
	OCI before reclassifications	(201		)	(8,245		)
	Closing Balance	$	(23,454	)	$	(25,163	)
	Cash Flow Hedges
	Beginning balance	$	(3,829	)	$	(1,013	)
	OCI before reclassifications net of tax of $357 and $(2,856)	86			(5,530		)
	Reclassifications from OCI to
	- Costs of revenue, net of tax of $38 and $219	356			375
	- Selling, general and administrative expenses, net of tax of $24 and $140	219			245
	Comprehensive income (loss) on cash flow hedges, net of tax of $419 and $(2,497)	661			(4,910		)
	Closing Balance	$	(3,168	)	$	(5,923	)
	Benefit plans
	Beginning balance	$	(578	)	$	(780	)
	Reclassifications from OCI for prior service credit (cost) to:
	- Costs of revenue, net of tax of $0 for all periods	2			2
	- Selling, general and administrative expenses, net of tax of $0 for all periods	—			1
	Reclassifications from OCI for net actuarial gain (loss) amortization to:
	- Costs of revenue, net of tax of $0 for all periods	15			18
	- Selling, general and administrative expenses, net of tax of $0 for all periods	10			5
	Other adjustments	(40		)	50
	Comprehensive income (loss) on benefit plans, net of tax of $0 for all periods	(13		)	76
	Closing Balance	$	(591	)	$	(704	)
	Accumulated other comprehensive income (loss)	$	(27,217	)	$	(31,811	)

Net_Income_per_Share_Details

Net Income per Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Numerators:	'	'
Net income	$9,003	$7,522
Denominators:	'	'
Weighted average common shares outstanding	28,476,804	25,293,101
Dilutive effect of employee stock options and unvested restricted stock awards (in shares)	875,035	841,511
Dilutive effect of stock appreciation rights (in shares)	9,442	16,469
Weighted average shares-diluted	29,361,281	26,151,081
Net income per share-basic (in dollars per share)	$0.32	$0.30
Net income per share-diluted (in dollars per share)	$0.31	$0.29
Options excluded from the calculations of diluted earnings per share (in shares)	25,378	45,591

Investment_Securities_Details

Investment Securities (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Investment Securities	'	'
Amortized Cost	$117,961	$117,992
Gross Unrealized Gains	20	15
Gross Unrealized Losses	-57	-104
Fair Value	117,924	117,903
Corporate Debt Securities [Member] | Available For Sale Securities Current [Member]	'	'
Investment Securities	'	'
Amortized Cost	27,405	20,255
Gross Unrealized Gains	10	9
Gross Unrealized Losses	-11	-8
Fair Value	27,404	20,256
Corporate Debt Securities [Member] | Available For Sale Securities Noncurrent [Member]	'	'
Investment Securities	'	'
Amortized Cost	44,129	50,264
Gross Unrealized Gains	7	5
Gross Unrealized Losses	-31	-70
Fair Value	44,105	50,199
Auction Rate Securities [Member] | Available For Sale Securities Noncurrent [Member]	'	'
Investment Securities	'	'
Amortized Cost	300	300
Gross Unrealized Losses	-11	-12
Fair Value	289	288
Agency And Short Term Notes [Member] | Available For Sale Securities Current [Member]	'	'
Investment Securities	'	'
Amortized Cost	406	561
Fair Value	406	561
Agency And Short Term Notes [Member] | Available For Sale Securities Noncurrent [Member]	'	'
Investment Securities	'	'
Amortized Cost	11,421	11,341
Gross Unrealized Gains	3	1
Gross Unrealized Losses	-4	-14
Fair Value	11,420	11,328
Commercial Paper [Member] | Available For Sale Securities Current [Member]	'	'
Investment Securities	'	'
Amortized Cost	5,499	5,497
Fair Value	5,499	5,497
Municipal Bonds [Member] | Available For Sale Securities Noncurrent [Member]	'	'
Investment Securities	'	'
Amortized Cost	200	200
Fair Value	200	200
Bank Time Deposits [Member] | Available For Sale Securities Current [Member]	'	'
Investment Securities	'	'
Amortized Cost	28,601	29,574
Fair Value	$28,601	$29,574

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Fair Value Inputs Level3 [Member]	'	'
Liabilities:	'	'
Total liabilities	$4,205	$5,925
Fair Value Measurements Recurring [Member] | Fair Value Inputs Level2 [Member]	'	'
Investments:	'	'
Available-for-sale securities - current	61,910	'
Available-for-sale securities - non-current	55,725	'
Foreign currency derivative contracts	1,305	'
Total assets	118,940	'
Liabilities:	'	'
Foreign currency derivative contracts	5,616	'
Total liabilities	5,616	'
Fair Value Measurements Recurring [Member] | Fair Value Inputs Level3 [Member]	'	'
Investments:	'	'
Available-for-sale securities - non-current	289	'
Total assets	289	'
Liabilities:	'	'
Contingent consideration	4,205	'
Total liabilities	4,205	'
Fair Value Measurements Recurring [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]	'	'
Investments:	'	'
Available-for-sale securities - current	61,910	'
Available-for-sale securities - non-current	56,014	'
Foreign currency derivative contracts	1,305	'
Total assets	119,229	'
Liabilities:	'	'
Foreign currency derivative contracts	5,616	'
Contingent consideration	4,205	'
Total liabilities	$9,821	'

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments (Details 2) (USD $)	3 Months Ended					3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
			O S B Consulting L L C [Member]	Fair Value Inputs Level3 [Member]	Fair Value Inputs Level3 [Member]	Fair Value Inputs Level3 [Member]	Fair Value Inputs Level3 [Member]	Auction Rate Securities [Member]
						O S B Consulting L L C [Member]	Trade Tech Consulting Scandinavia Ab [Member]
Summary of changes in fair value of the Company's Level 3 financial assets	'	'	'	'	'	'	'	'
Balance at the beginning of the period	'	'	'	'	'	'	'	$288
Total unrealized gains:	'	'	'	'	'	'	'	'
Included in accumulated other comprehensive income	'	'	'	'	'	'	'	1
Balance at the end of the period	'	'	'	'	'	'	'	289
Changes in fair value of the Company's Level 3 financial liabilities	'	'	'	'	'	'	'	'
Balance at end of period	'	'	'	4,205	5,925	'	'	'
Payout of OSB contingent consideration (See Note7)	'	'	'	'	'	-500	'	'
Increase (decrease) in contingent consideration (See Note 7)	-1,833	'	663	'	'	663	-1,833	'
Cumulative foreign currency translation adjustments	($201)	($8,245)	'	($50)	'	'	'	'

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Details) (Foreign Exchange Contract [Member], USD $)	3 Months Ended		3 Months Ended		3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
	item		Designated As Hedging Instrument [Member]	Designated As Hedging Instrument [Member]	Designated As Hedging Instrument [Member]	Designated As Hedging Instrument [Member]	Nondesignated [Member]
					Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member]	Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member]
					Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Reclassification Out Of Accumulated Other Comprehensive Income [Member]
Derivative Financial Instruments and Trading Activities	'	'	'	'	'	'	'
Number of hedging programs maintained	3	'	'	'	'	'	'
Period hedged by Cash Flow Program	'	'	'36 months	'	'	'	'
Maturity period of Balance Sheet Program derivatives	'	'	'	'	'	'	'30 days
Additional period after which the contract is deemed ineffective	'	'	'2 months	'	'	'	'
Amount reclassified to earnings as a result of hedge ineffectiveness	'	'	'	'	$0	$0	'
U.S. dollar notional equivalent market value	109,268	102,801	'	'	'	'	'
Unrealized net losses related to derivative instruments expected to be reclassified from AOCI into earnings during the next 12 months	'	'	2,926	'	'	'	'
Maximum outstanding term of derivative instruments	'33 months	'	'	'	'	'	'92 days
Other current assets	'	'	793	398	'	'	'
Other long-term assets	'	'	512	586	'	'	'
Accrued expenses and other current liabilities	'	'	3,719	3,925	'	'	'
Long-term liabilities	'	'	$1,897	$2,449	'	'	'

Derivative_Financial_Instrumen3

Derivative Financial Instruments (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cost Of Sales [Member]	'	'
Derivative Financial Instruments	'	'
Amount of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)	($394)	($594)
Operating Expense [Member]	'	'
Derivative Financial Instruments	'	'
Amount of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)	-243	-385
Designated As Hedging Instrument [Member] | Foreign Exchange Contract [Member]	'	'
Derivative Financial Instruments	'	'
Amount of Gain or (Loss) Recognized in AOCI on Derivatives (Effective Portion)	443	-8,387
Nondesignated [Member] | Foreign Exchange Contract [Member] | Foreign Currency Gain Loss [Member]	'	'
Derivative Financial Instruments	'	'
Amount of Gain or (Loss) Recognized in Income on Derivatives	-249	-1,609
Nondesignated [Member] | Foreign Exchange Contract [Member] | Sales [Member]	'	'
Derivative Financial Instruments	'	'
Amount of Gain or (Loss) Recognized in Income on Derivatives	-148	-101
Nondesignated [Member] | Foreign Exchange Contract [Member] | Cost Of Sales [Member]	'	'
Derivative Financial Instruments	'	'
Amount of Gain or (Loss) Recognized in Income on Derivatives	49	54
Nondesignated [Member] | Foreign Exchange Contract [Member] | Selling General And Administrative Expenses [Member]	'	'
Derivative Financial Instruments	'	'
Amount of Gain or (Loss) Recognized in Income on Derivatives	$9	$4

Acquisitions_Details

Acquisitions (Details) (USD $)	3 Months Ended	0 Months Ended	3 Months Ended			0 Months Ended	3 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Nov. 01, 2013	Jun. 30, 2014	Mar. 31, 2014	Nov. 01, 2013	Jan. 02, 2014	Jun. 30, 2014	Jan. 02, 2014	Jan. 02, 2013
		O S B Consulting L L C [Member]	O S B Consulting L L C [Member]	O S B Consulting L L C [Member]	O S B Consulting L L C [Member]	Trade Tech Consulting Scandinavia B [Member]	Trade Tech Consulting Scandinavia B [Member]	Trade Tech Consulting Scandinavia B [Member]	Trade Tech Consulting Scandinavia B [Member]
					Maximum [Member]	Virtusa International Bv [Member]	Virtusa International Bv [Member]	Restricted Stock [Member]	Maximum [Member]
									Virtusa International Bv [Member]
Acquisitions	'	'	'	'	'	'	'	'	'
Purchase price in cash	'	$6,840	'	'	'	$19,087	'	'	'
Holdback percentage	'	10.00%	'	'	'	12.50%	'	'	'
Holdback period	'	'12 months	'	'	'	'12 months	'	'	'
Additional earn-out consideration	'	'	'	'	6,000	'	'	'	4,080
Percentage of performance criteria met	'	'	'	100.00%	'	'	'	'	'
Consideration Transferred:	'	'	'	'	'	'	'	'	'
Payments for earn-out consideration	441	'	500	'	'	'	'	'	'
Increase (decrease) in contingent consideration (See Note 7)	-1,833	'	663	'	'	'	-1,833	'	'
Fair value of contingent consideration	'	'	4,205	'	'	'	0	'	'
Purchase Price Allocation	'	'	'	'	'	'	'	'	'
Authorized value of awards	'	'	'	'	'	'	'	$2,000	'
Number of authorized shares	'	'	'	'	'	'	'	65,000	'
Vesting period	'	'	'	'	'	'	'	'5 years	'

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Changes in goodwill	'
Balance at the beginning of the period	$53,448
Cumulative foreign currency translation adjustments	-435
Balance at the end of the period	53,013
Acquisition costs and goodwill deductible for tax purposes	41,834
Trade Tech Consulting Scandinavia Ab [Member]	'
Goodwill:	'
Acquisition costs and goodwill not deductible for tax purposes	$12,570

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014
Intangible Assets	'	'
Weighted Average Useful Life	'9 years	'
Gross Carrying Amount	$38,320	'
Accumulated Amortization	11,327	'
Net Carrying Amount	26,993	28,661
Customer Relationships [Member]	'	'
Intangible Assets	'	'
Weighted Average Useful Life	'9 years 4 months 24 days	'
Gross Carrying Amount	36,087	'
Accumulated Amortization	9,781	'
Net Carrying Amount	26,306	'
Partner Relationships [Member]	'	'
Intangible Assets	'	'
Weighted Average Useful Life	'6 years 6 months	'
Gross Carrying Amount	700	'
Accumulated Amortization	515	'
Net Carrying Amount	185	'
Trademarks [Member]	'	'
Intangible Assets	'	'
Weighted Average Useful Life	'1 year	'
Gross Carrying Amount	73	'
Accumulated Amortization	38	'
Net Carrying Amount	35	'
Order Or Production Backlog [Member]	'	'
Intangible Assets	'	'
Weighted Average Useful Life	'1 year	'
Gross Carrying Amount	1,460	'
Accumulated Amortization	993	'
Net Carrying Amount	$467	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014
Income Taxes	'	'	'
Effective tax rate (as a percent)	26.40%	25.30%	'
Income Taxes	'	'	'
Increase (decrease) in contingent consideration (See Note 7)	($1,833,000)	'	'
Total liability for unrecognized tax benefits which would impact the annual effective rate, if realized	377,000	'	410,000
Increase (Decrease) in unrecognized tax benefits	-33,000	24,000	'
Unremitted earnings from foreign subsidiaries	168,100,000	'	'
Cash and short-term investments available for distribution if not indefinitely reinvested	$80,600,000	'	'
I [N]	'	'	'
Income Taxes	'	'	'
Number of subsidiaries which is export oriented	1	'	'
Statutory tax rate (as a percent)	34.00%	34.00%	'
I [N] | Indian Operations In Special Economic Zone [Member]	'	'	'
Income Taxes	'	'	'
Income tax exemption period	'15 years	'	'
Number of subsidiaries eligible for tax holiday on export income	2	'	'
I [N] | Virtusa India Private Limited [Member]	'	'	'
Income Taxes	'	'	'
Income tax exemption period	'10 years	'	'
Number of STPs operated	2	'	'
I [N] | Virtusa India Private Limited [Member] | Chennai [Member]	'	'	'
Income Taxes	'	'	'
Number of STPs operated	1	'	'
I [N] | Virtusa India Private Limited [Member] | Hyderabad [Member]	'	'	'
Income Taxes	'	'	'
Number of STPs operated	1	'	'
L [K] | Virtusa Private Limited [Member]	'	'	'
Income Taxes	'	'	'
Income tax exemption period	'12 years	'	'

Concentration_of_Revenue_and_A2

Concentration of Revenue and Assets (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014
Concentration of Revenue and Assets	'	'	'
Consolidated revenue	$112,274	$90,489	'
Consolidated long-lived assets, net	116,315	'	117,455
North America [Member]	'	'	'
Concentration of Revenue and Assets	'	'	'
Consolidated revenue	73,464	67,266	'
Europe [Member]	'	'	'
Concentration of Revenue and Assets	'	'	'
Consolidated revenue	31,897	18,339	'
Consolidated long-lived assets, net	23,455	'	23,658
Rest Of World [Member]	'	'	'
Concentration of Revenue and Assets	'	'	'
Consolidated revenue	6,913	4,884	'
U [S]	'	'	'
Concentration of Revenue and Assets	'	'	'
Consolidated long-lived assets, net	60,999	'	61,562
Asia [Member]	'	'	'
Concentration of Revenue and Assets	'	'	'
Consolidated long-lived assets, net	$31,861	'	$32,235

Concentration_of_Revenue_and_A3

Concentration of Revenue and Assets (Details 2) (Sales Revenue Net [Member])	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Customer One [Member]	'	'
Concentration of Revenue and Assets	'	'
Revenue from significant clients as a percentage of consolidated revenue	13.10%	11.20%
Customer Two [Member]	'	'
Concentration of Revenue and Assets	'	'
Revenue from significant clients as a percentage of consolidated revenue	9.70%	13.60%
Customer Three [Member]	'	'
Concentration of Revenue and Assets	'	'
Revenue from significant clients as a percentage of consolidated revenue	8.90%	13.50%

Debt_Details

Debt (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Debt	'	'
Receivables sold under the terms of the financing agreement	$5,149	'
Amounts due related to a financing agreement to sell certain accounts receivable balances	0	'
Prior Revolving Credit Facility [Member]	'	'
Debt	'	'
Maximum borrowing capacity under the credit agreement	'	3,000
Prior Revolving Credit Facility [Member] | Maximum [Member]	'	'
Debt	'	'
Debt to Adjusted EBITDA Ratio	2	'
Fixed Charge Coverage Ratio	2.5	'
Line Of Credit [Member]	'	'
Debt	'	'
Maximum borrowing capacity under the credit agreement	'	25,000
Interest rate under credit facility (as a percent)	'	1.69%
Term of credit facility	'5 years	'
Amount outstanding under letters of credit	0	'
Line Of Credit [Member] | London Interbank Offered Rate L I B O R [Member]	'	'
Debt	'	'
Variable rate basis	'LIBOR	'
Line Of Credit [Member] | London Interbank Offered Rate L I B O R [Member] | Minimum [Member]	'	'
Debt	'	'
Interest rate added to the base rate (as a percent)	1.50%	'
Line Of Credit [Member] | London Interbank Offered Rate L I B O R [Member] | Maximum [Member]	'	'
Debt	'	'
Interest rate added to the base rate (as a percent)	1.75%	'
Prior Line Of Credit [Member]	'	'
Debt	'	'
Maximum borrowing capacity under the credit agreement	'	$3,000

Pensions_and_postretirement_be2

Pensions and post-retirement benefits (Details) (Foreign Pension Plans Defined Benefit [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Foreign Pension Plans Defined Benefit [Member]	'	'
Pensions and post-retirement benefits	'	'
Service cost	$136	$140
Interest cost	59	54
Expected return on plan assets	-54	-55
Amortization of past service cost	24	3
Amortization of actuarial loss	3	23
Net periodic pension cost	168	165
Expected cash contributions to the plans in current fiscal period	508	'
Cash contributions to the plan for the current fiscal year	$332	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

In Thousands, unless otherwise specified

Accumulated Net Unrealized Investment Gain Loss [Member]

Accumulated Net Unrealized Investment Gain Loss [Member]

Accumulated Net Unrealized Investment Gain Loss [Member]

Accumulated Net Unrealized Investment Gain Loss [Member]

Accumulated Translation Adjustment [Member]

Accumulated Translation Adjustment [Member]

Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member]

Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member]

Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member]

Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member]

Accumulated Defined Benefit Plans Adjustment [Member]

Accumulated Defined Benefit Plans Adjustment [Member]

Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit [Member]

Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit [Member]

Accumulated Defined Benefit Plans Adjustment Net Actuarial Gain Loss [Member]

Accumulated Defined Benefit Plans Adjustment Net Actuarial Gain Loss [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Reclassification Out Of Accumulated Other Comprehensive Income [Member]

Changes in accumulated other comprehensive income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of the period

($27,217)

($27,714)

($31,811)

($54)

($3)

'

'

($23,253)

($16,918)

($3,829)

($1,013)

'

'

($578)

($780)

'

'

'

'

Other comprehensive income (loss) before reclassifications net of tax

'

'

'

50

-24

'

'

-201

-8,245

86

-5,530

'

'

'

'

'

'

'

'

Other comprehensive income (loss) (OCI) before reclassifications, tax effect

'

'

'

0

0

'

'

'

'

357

-2,856

'

'

'

'

'

'

'

'

Reclassifications from OCI to:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other income, net of tax

'

'

'

'

6

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other income, tax effect

'

'

'

'

'

0

0

'

'

'

'

'

'

'

'

'

'

'

'

Costs of revenue, net of tax

'

'

'

'

'

'

'

'

'

'

'

356

375

'

'

2

2

15

18

Costs of revenue, tax effect

'

'

'

'

'

'

'

'

'

'

'

38

219

'

'

0

0

0

0

Selling, general and administrative expenses, net of tax

'

'

'

'

'

'

'

'

'

'

'

219

245

'

'

0

1

10

5

Selling, general and administrative expenses, tax effect

'

'

'

'

'

'

'

'

'

'

'

24

140

'

'

0

0

0

0

Other adjustments

'

'

'

'

'

'

'

'

'

'

'

'

'

-40

50

'

'

'

'

Comprehensive income (loss), net of tax

'

'

'

50

-18

'

'

'

'

661

-4,910

'

'

-13

76

'

'

'

'

Comprehensive income (loss), tax effect

'

'

'

0

0

'

'

'

'

419

-2,497

'

'

0

0

'

'

'

'

Balance at the end of the period

($27,217)

($27,714)

($31,811)

($4)

($21)

'

'

($23,454)

($25,163)

($3,168)

($5,923)

'

'

($591)

($704)

'

'

'

'

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member], Designated As Hedging Instrument [Member], Foreign Exchange Forward [Member])	Jul. 28, 2013	Jul. 28, 2013	Jul. 28, 2013	Jul. 28, 2013	Jul. 31, 2014	Jul. 31, 2014	Jul. 31, 2014	Jul. 31, 2014	Jul. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	U S Dollar U K Pound Sterling Forward Contracts [Member]	U S Dollar U K Pound Sterling Forward Contracts [Member]	U S Dollar Swedish Krona Forward Contracts [Member]	U S Dollar Swedish Krona Forward Contracts [Member]	U S Dollar Indian Rupee Forward Contracts [Member]	U S Dollar Indian Rupee Forward Contracts [Member]	U S Dollar Indian Rupee Forward Contracts [Member]	U K Pound Sterling Indian Rupee Forward Contracts [Member]	U K Pound Sterling Indian Rupee Forward Contracts [Member]	U K Pound Sterling Indian Rupee Forward Contracts [Member]
	USD ($)	GBP (£)	USD ($)	SEK		USD ($)	INR		GBP (£)	INR
Subsequent Events	'	'	'	'	'	'	'	'	'	'
Aggregate notional amount of foreign currency forward contracts	$7,417	£ 4,415	$555	3,744	'	$9,829	637,098	'	£ 7,743	826,072
Weighted average settlement rate	1.68	'	0.148	'	'	'	64.78	'	'	106.14
Foreign currency forward contracts expiration period	'	'	'	'	'36 months	'	'	'36 months	'	'
Spot rate	'	'	'	'	'	'	1.69	'	'	'
Weighted average blended rate	'	'	'	'	'	'	63.79	'	'	63.79