CSS Industries (CSS) 10-Q 7 Feb 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2017	Feb. 02, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	CSS
Entity Registrant Name	CSS INDUSTRIES INC
Entity Central Index Key	20,629
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,119,746

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net sales	$ 130,642	$ 117,153	$ 280,363	$ 263,762
Cost of sales	93,183	80,175	204,417	182,887
Gross profit	37,459	36,978	75,946	80,875
Selling, general and administrative expenses	29,138	22,496	73,116	60,991
Operating income	8,321	14,482	2,830	19,884
Gain on bargain purchase	0	(19,711)	0	(20,087)
Interest expense (income), net	344	86	337	(7)
Other expense (income), net	99	(110)	(229)	(212)
Income before income taxes	7,878	34,217	2,722	40,190
Income tax expense	1,926	4,248	821	6,515
Net income	$ 5,952	$ 29,969	$ 1,901	$ 33,675
Weighted average shares outstanding:
Basic (shares)	9,116	9,082	9,105	9,070
Diluted (shares)	9,157	9,118	9,142	9,113
Net income per common share:
Basic (in dollars per share)	$ 0.65	$ 3.30	$ 0.21	$ 3.71
Diluted (in dollars per share)	0.65	3.29	0.21	3.70
Cash dividends per share of common stock (in dollars per share)	$ 0.2	$ 0.2	$ 0.6	$ 0.6
Comprehensive income:
Net income	$ 5,952	$ 29,969	$ 1,901	$ 33,675
Currency translation adjustment	(44)	(204)	566	(204)
Comprehensive income	$ 5,908	$ 29,765	$ 2,467	$ 33,471

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 30,297,000	$ 47,693,000	$ 30,069,000
Short-term investments	0	19,931,000	0
Accounts receivable, net of allowances of $1,888, $1,283 and $1,712	120,613,000	48,814,000	106,514,000
Inventories	110,762,000	105,258,000	106,498,000
Prepaid expenses and other current assets	11,508,000	10,793,000	9,921,000
Total current assets	273,180,000	232,489,000	253,002,000
Property, plant and equipment, net	51,468,000	35,764,000	35,998,000
Other assets
Goodwill	26,070,000	19,916,000	19,677,000
Intangible assets, net	63,350,000	43,879,000	44,719,000
Other	8,644,000	7,146,000	7,965,000
Total other assets	98,064,000	70,941,000	72,361,000
Total assets	422,712,000	339,194,000	361,361,000
Current liabilities
Short-term borrowings	48,431,000	0	0
Current portion of long-term debt	313,000	220,000	225,000
Accounts payable	27,618,000	14,223,000	18,496,000
Accrued payroll and other compensation	8,425,000	7,884,000	8,204,000
Accrued customer programs	13,517,000	5,030,000	7,201,000
Accrued income taxes	805,000	425,000	3,057,000
Other current liabilities	18,683,000	8,601,000	11,552,000
Total current liabilities	117,792,000	36,383,000	48,735,000
Long-term debt, net of current portion	285,000	456,000	516,000
Deferred income taxes	884,000	4,430,000	6,246,000
Other long-term obligations	11,019,000	3,771,000	5,420,000
Stockholders’ equity
Preferred stock, Class 2, $.01 par, 1,000,000 shares authorized, no shares issued	0	0	0
Common stock, $.10 par, 25,000,000 shares authorized, 14,703,084 shares issued at December 31, 2017, March 31, 2017 and December 31, 2016	1,470,000	1,470,000	1,470,000
Additional paid-in capital	58,324,000	57,997,000	57,498,000
Retained earnings	379,338,000	382,807,000	389,799,000
Accumulated other comprehensive income (loss)	503,000	(63,000)	(266,000)
Common stock in treasury, 5,583,338 and 5,616,319 shares, at cost	(146,903,000)	(148,057,000)	(148,057,000)
Total stockholders' equity	292,732,000	294,154,000	300,444,000
Total liabilities and stockholders’ equity	$ 422,712,000	$ 339,194,000	$ 361,361,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowances for accounts receivable	$ 1,888	$ 1,283	$ 1,712
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	0	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10	$ 0.10
Common stock, shares authorized	25,000,000	25,000,000	25,000,000
Common stock, shares issued	14,703,084	14,703,084	14,703,084
Treasury stock, shares	5,583,338	5,616,319	5,616,319

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 1,901	$ 33,675
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation, amortization and accretion	7,145	6,327
Amortization of inventory step-up	12,237	452
Accretion of investment discount	(69)	(194)
Provision for accounts receivable allowances	2,977	4,113
Deferred tax (benefit) provision	(3,555)	245
Share-based compensation expense	1,386	1,161
Gain on bargain purchases	0	(20,087)
(Gain) loss on sale of assets	(14)	52
Changes in assets and liabilities, net of effects of purchase of businesses:
Accounts receivable	(62,905)	(62,763)
Inventory	14,147	(1,938)
Prepaid expenses and other assets	85	3,125
Accounts payable	5,948	3,255
Other accrued liabilities and long-term obligations	10,312	6,975
Total adjustments	(12,306)	(59,277)
Net cash used for operating activities	(10,405)	(25,602)
Cash flows from investing activities:
Maturities of investment securities	20,000	60,000
Purchase of businesses, net of cash received of $1,889 in fiscal 2018	(65,228)	(15,039)
Purchase of property, plant and equipment	(3,964)	(4,037)
Purchase of company owned life insurance policy	(750)	0
Purchase of intangibles	0	(100)
Proceeds from sale of fixed assets	14	311
Net cash (used for) provided by investing activities	(49,928)	41,135
Cash flows from financing activities:
Borrowings on notes payable	78,781	0
Payments on notes payable	(30,350)	0
Payments on long-term debt	(200)	0
Dividends paid	(5,469)	(5,453)
Exercise of stock options, net of tax withholdings	201	124
Payments for tax withholding on net restricted stock settlements	0	(527)
Tax effect on stock awards	0	277
Net cash provided by (used for) financing activities	42,963	(5,579)
Effect of exchange rate changes on cash	(26)	188
Net (decrease) increase in cash and cash equivalents	(17,396)	10,142
Cash and cash equivalents at beginning of period	47,693	19,927
Cash and cash equivalents at end of period	$ 30,297	$ 30,069

CONSOLIDATED STATEMENTS OF CAS6

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Thousands	9 Months Ended
	Dec. 31, 2017USD ($)
Statement of Cash Flows [Abstract]
Cash received	$ 1,889

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation CSS Industries, Inc. (collectively with its subsidiaries, “CSS” or the “Company”) has prepared the consolidated financial statements included herein pursuant to the rules and regulations of the Securities and Exchange Commission. The Company has condensed or omitted certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States pursuant to such rules and regulations. In the opinion of management, the statements include all adjustments (which include normal recurring adjustments) required for a fair presentation of financial position, results of operations and cash flows for the interim periods presented. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2017 . The results of operations for the interim periods are not necessarily indicative of the results for the full year. The Company’s fiscal year ends on March 31. References to a particular fiscal year refer to the fiscal year ending in March of that year. For example, “fiscal 2018 ” refers to the fiscal year ending March 31, 2018 . Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Nature of Business CSS is a consumer products company within the seasonal, celebrations and craft markets that is primarily engaged in the design, manufacture, procurement, distribution and sale of seasonal, celebrations and craft social expression products, principally to mass market retailers. Seasonal The seasonal product category is defined as products designed, produced and sold to mass market retailers for holidays and seasonal events, including Christmas, Valentine's Day, Easter and back-to-school. Products include Christmas packaging ribbons and bows, boxed greeting cards, gift tags, gift card holders, gift bags, gift wrap, tissue paper, classroom exchange Valentine cards, Easter egg dyes and novelties, and educational products. Production forecasts for these products are generally known well in advance of shipment. Celebrations The celebrations product category is defined as products primarily designed to celebrate certain life events or special occasions such as weddings, birthdays, anniversaries, graduations, or the birth of a child. These products are primarily sold into mass and specialty retailers, floral and packaging wholesalers and distributors. Products include ribbons and bows, floral accessories, infant products, journals, gift card holders, all occasion boxed greeting cards, memory books, scrapbooks, stationery, stickers and other items that commemorate life's celebrations. Products in this category are generally ordered on a replenishment basis throughout the year. Craft The craft product category is defined as products used for craft activities and includes ribbons, trims, buttons, sewing patterns, knitting needles, needle arts and kids crafts. These products are sold to mass market and specialty retailers and are generally ordered on a replenishment basis throughout the year. The seasonal nature of CSS’ business has historically resulted in lower sales levels and operating losses in the first and fourth quarters and comparatively higher sales levels and operating profits in the second and third quarters of the Company’s fiscal year, which ends March 31, thereby causing significant fluctuations in the quarterly results of operations of the Company. The Company's principal operating subsidiaries include Berwick Offray LLC ("Berwick Offray"), Paper Magic Group, Inc. ("Paper Magic"), C.R. Gibson, LLC ("C.R. Gibson"), The McCall Pattern Company, Inc. ("McCall") and Simplicity Creative Corp. ("Simplicity"), and their respective subsidiaries. Foreign Currency Translation and Transactions The Company's foreign subsidiaries use the local currency as the functional currency. The Company translates all assets and liabilities at period end exchange rates and all income and expense accounts at average rates during the period. Translation adjustments are recorded in accumulated other comprehensive income (loss) in stockholders’ equity. Gains and losses on foreign currency transactions (denominated in currencies other than the local currency) are not material and are included in other expense (income), net in the consolidated statements of operations. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Judgments and assessments of uncertainties are required in applying the Company’s accounting policies in many areas. Such estimates pertain to revenue recognition, the valuation of inventory and accounts receivable, the assessment of the recoverability of goodwill and other intangible and long-lived assets, income tax accounting, the valuation of share-based awards and resolution of litigation and other proceedings. Actual results could differ from these estimates. Short-Term Investments The Company categorized and accounted for its short-term investment holdings as held-to-maturity securities. This categorization was based upon the Company's positive intent and ability to hold these securities until maturity. There were no short-term investments at December 31, 2017 and 2016 . Short-term investments at March 31, 2017 consisted of commercial paper with an amortized cost of $19,931,000 and matured in the first quarter of fiscal 2018 . Held-to-maturity securities are recorded at amortized cost which approximated fair value at March 31, 2017 . Inventories The Company records inventory when title is transferred, which occurs upon receipt or prior to receipt dependent on supplier shipping terms. The Company adjusts unsaleable and slow-moving inventory to its estimated net realizable value. Substantially all of the Company’s inventories are stated at the lower of first-in, first-out (FIFO) cost and net realizable value. The remaining portion of the inventory is valued at the lower of last-in, first-out (LIFO) cost and net realizable value. Inventories consisted of the following (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Raw material $ 11,608 $ 11,210 $ 10,733 Work-in-process 14,070 18,316 14,165 Finished goods 85,084 75,732 81,600 $ 110,762 $ 105,258 $ 106,498 In connection with the acquisition of McCall on December 13, 2016 and the acquisition of Simplicity on November 3, 2017, there was a step-up to fair value of the inventory acquired of $ 21,773,000 and $ 10,214,000 , respectively, recorded at the date of acquisition. This was a result of the inventory acquired being marked up to an estimated net selling price in purchase accounting and is recognized through cost of sales as the inventory is sold. The amount of step-up to fair value of the acquired inventory remaining as of December 31, 2017 , March 31, 2017 and December 31, 2016 was $ 16,249,000 , $ 18,187,000 and $ 21,322,000 , respectively. The Company expects the acquired McCall inventory to be sold through the first quarter of fiscal 2019 and the acquired Simplicity inventory to be sold through the first quarter of fiscal 2020. Property, Plant and Equipment Property, plant and equipment are stated at cost and include the following (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Land $ 7,052 $ 5,838 $ 5,818 Buildings, leasehold interests and improvements 45,009 40,661 40,257 Machinery, equipment and other 102,311 89,917 90,681 154,372 136,416 136,756 Less - Accumulated depreciation and amortization (102,904 ) (100,652 ) (100,758 ) Net property, plant and equipment $ 51,468 $ 35,764 $ 35,998 As of December 31, 2017, the Company leased $ 564,000 of machinery and equipment under capital leases and the total accumulated amortization related to such leases was $ 207,000 . There was $0 recorded as capital lease assets as of March 31, 2017 and December 31, 2016 . Depreciation expense was $1,749,000 and $1,216,000 for the quarters ended December 31, 2017 and 2016 , respectively, and was $4,314,000 and $3,863,000 for the nine months ended December 31, 2017 and 2016 , respectively. Long-Lived Assets including Goodwill and Other Intangible Assets The Company performs an annual impairment test of the carrying amount of goodwill and indefinite-lived intangible assets in the fourth quarter of its fiscal year. Additionally, the Company would perform its impairment testing at an interim date if events or circumstances indicate that goodwill or intangibles might be impaired. During the nine months ended December 31, 2017 , there were no such events or circumstances. The Company uses a dual approach to determine the fair value of its reporting units, including both a market approach and an income approach. The Company believes the use of multiple valuation techniques results in a more accurate indicator of the fair value of each reporting unit. The test compares the fair value of a reporting unit to its carrying amount, including goodwill, as of the date of the test. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss would be reported. Other indefinite-lived intangible assets consist primarily of tradenames, which are also required to be tested annually for impairment. The fair value of the Company’s tradenames is calculated using a “relief from royalty payments” methodology. Long-lived assets (including property, plant and equipment), except for goodwill and indefinite-lived intangible assets, are reviewed for impairment when events or circumstances indicate the carrying value of an asset group may not be recoverable. If such asset group is considered to be impaired, the impairment to be recognized is the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. During the nine months ended December 31, 2017 , there were no such events or circumstances. See Note 5 for further information on other intangible assets. Revenue Recognition The Company recognizes the majority of its revenue from product sales when the goods are shipped, title and risk of loss have been transferred to the customer and collection is reasonably assured. The Company has certain products, primarily sewing patterns, that are on consignment at mass market retailers and the Company recognizes the sale as products are sold to end consumers as recorded at point-of-sale terminals. Provisions for returns, allowances, rebates to customers and other adjustments are provided in the same period that the related sales are recorded. Net Income Per Common Share The following table sets forth the computation of basic and diluted net income per common share for the three- and nine months ended December 31, 2017 and 2016 (in thousands, except per share data): Three Months Ended December 31, Nine Months Ended December 31, 2017 2016 2017 2016 Numerator: Net income $ 5,952 $ 29,969 $ 1,901 $ 33,675 Denominator: Weighted average shares outstanding for basic net income per common share 9,116 9,082 9,105 9,070 Effect of dilutive stock options 41 36 37 43 Adjusted weighted average shares outstanding for diluted net income per common share 9,157 9,118 9,142 9,113 Basic net income per common share $ 0.65 $ 3.30 $ 0.21 $ 3.71 Diluted net income per common share $ 0.65 $ 3.29 $ 0.21 $ 3.70 The Company has excluded 208,000 shares and 545,000 shares, consisting of outstanding stock options and unearned restricted stock units, in computing diluted net income per common share for the three- and nine months ended December 31, 2017 , respectively, because their effects were antidilutive. The Company has excluded 505,000 shares, consisting of outstanding stock options and unearned restricted stock units, in computing diluted net income per common share for the three- and nine months ended December 31, 2016 because their effects were antidilutive.

Acquisitions

Acquisitions	9 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS On November 3, 2017, the Company completed the acquisition of substantially all of the net assets and business of Simplicity Creative Group ("Simplicity") from Wilton Brands LLC ("Wilton") for total consideration of $68,916,000 and transaction costs of approximately $ 3,243,000 , which are included in selling, general and administrative expenses in the nine months ended December 31, 2017. Simplicity is a leading provider of home sewing patterns, decorative trims, knitting and crocheting tools, needle arts and kids' crafts products under the Simplicity®, Wrights®, Boye®, Dimensions®, and Perler® brand names. Simplicity's products are sold to mass-market retailers, specialty fabric and craft chains, wholesale distributors and online customers. The Company primarily financed the acquisition with borrowings of $60,000,000 under its revolving credit facility and has recorded an estimated working capital adjustment due to Wilton of $ 1,799,000 , which is recorded in other current liabilities in the accompanying consolidated balance sheet and is expected to be finalized within 135 days of the acquisition date. A portion of the purchase price is being held in escrow for certain post closing adjustments and indemnification obligations. The acquisition was accounted for using the acquisition method and the excess of cost over the fair market value of the net tangible and identifiable intangible assets acquired of $ 6,154,000 was recorded as goodwill in the accompanying consolidated balance sheet as of December 31, 2017 . For tax purposes, goodwill resulting from this acquisition is deductible. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Cash $ 1,889 Accounts receivable 11,787 Inventory 31,651 Other assets 1,289 Total current assets 46,616 Property, plant and equipment 14,975 Intangible assets 22,282 Goodwill 6,154 Other 211 Total assets acquired 90,238 Current liabilities 16,782 Long-term debt 17 Other long-term liabilities 4,523 Total liabilities assumed 21,322 Net assets acquired $ 68,916 In connection with the acquisition of Simplicity, the Company recorded an asset, within property, plant and equipment, and a liability of $ 1,163,000 related to an asset retirement obligation at a leased location. During the three- and nine months ended December 31, 2017 , the impact of the asset retirement obligation included $ 20,000 of depreciation expense and $ 20,000 of accretion expense. The asset retirement obligation of $ 1,183,000 is included in other long-term liabilities as of December 31, 2017 . The financial results of Simplicity, from the acquisition date of November 3, 2017, are included in the Company's results of operations for the three- and nine months ended December 31, 2017 . For the period from acquisition through December 31, 2017 , Simplicity contributed approximately $14,912,000 of revenue and resulted in a net loss of approximately $2,216,000 (due to Simplicity pre-tax acquisition costs of approximately $ 3,243,000 , which are included in selling, general and administrative expenses in the nine months ended December 31, 2017). On December 13, 2016, the Company completed the acquisition of substantially all of the net assets and business of The McCall Pattern Company and certain subsidiaries, through newly-formed subsidiaries ("McCall"), for approximately $13,914,000 in cash and transaction costs of approximately $1,484,000 . McCall designs, manufactures, and sells sewing patterns under the McCall’s®, Butterick®, Kwik Sew® and Vogue Patterns® brand names. McCall is a leading provider of home sewing patterns, selling to mass market retailers, specialty fabric and craft chains, and wholesale distributors. A portion of the purchase price is being held in escrow for certain post closing adjustments and indemnification obligations. The acquisition was accounted for using the acquisition method and, due to McCall's distressed financial condition and a motivated previous foreign owner who was seeking to exit operations in the United States, the transaction resulted in a bargain purchase due to the fair value of the net assets acquired of approximately $33,625,000 as of December 31, 2016 exceeding the amount paid. During the fourth quarter of fiscal 2017, the Company recorded a decrease in bargain purchase gain of $97,000 related to an adjustment in the deferred tax liability. On July 8, 2016, a subsidiary of the Company completed the acquisition of substantially all of the assets and business of Lawrence Schiff Silk Mills, Inc. ("Schiff") for $ 1,125,000 in cash. Schiff was a leading U.S. manufacturer and distributor of narrow woven ribbon prior to its April 2016 Chapter 11 bankruptcy filing. The acquisition was accounted for using the acquisition method and resulted in a bargain purchase due to the fair value of the net assets acquired of approximately $ 1,501,000 exceeding the amount paid. The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisitions in fiscal 2017 (in thousands): Accounts receivable $ 2,762 Inventory 32,206 Other assets 553 Total current assets 35,521 Property, plant and equipment 9,473 Intangible assets 4,900 Other 1,122 Total assets acquired 51,016 Current liabilities 5,328 Deferred tax liability 9,322 Long-term debt 516 Other long-term liabilities 724 Total liabilities assumed 15,890 Net assets acquired $ 35,126 As the fair value of identifiable net assets acquired exceeded the fair value of the consideration transferred, the Company reassessed the recognition and measurement of identifiable assets acquired and liabilities assumed and concluded that all acquired assets and liabilities assumed were recognized and that the valuation procedures and resulting measures were appropriate. As a result, the Company recorded a gain on bargain purchases of approximately $19,711,000 and $ 20,087,000 in the three- and nine months ended December 31, 2016, respectively. The following table summarizes the revenue and earnings of the Company had the date of these acquisitions been April 1, 2016 (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2017 2016 2017 2016 Supplemental pro forma revenue $ 140,086 $ 149,830 $ 332,044 $ 359,792 Supplemental pro forma earnings (1) $ 11,639 $ 11,367 $ 13,099 $ 17,841 Supplemental pro forma earnings per basic share (1) $ 1.28 $ 1.25 $ 1.44 $ 1.97 Supplemental pro forma earnings per diluted share (1) $ 1.27 $ 1.25 $ 1.43 $ 1.96 (1) Earnings and earnings per share in the above pro forma table exclude bargain purchase gains and recognition of inventory step-up through cost of sales as the inventory turns.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Under the terms of the Company’s 2013 Equity Compensation Plan (“ 2013 Plan ”), the Company may grant incentive stock options, non-qualified stock options, stock units, restricted stock grants, stock appreciation rights, stock bonus awards and dividend equivalents to officers and other employees and non-employee directors. Grants under the 2013 Plan may be made through July 29, 2023. The term of each grant is at the discretion of the Company, but in no event greater than ten years from the date of grant, and at the date of grant the Company has discretion to determine the date or dates on which granted options become exercisable. Under the 2013 Plan, a committee of the Company's Board of Directors (the "Board") approves grants to officers and other employees, and the Board approves grants to non-employee directors. Service-based stock options outstanding as of December 31, 2017 become exercisable at the rate of 25% per year commencing one year after the date of grant. Market-based stock options outstanding as of December 31, 2017 become exercisable only if certain market conditions and service requirements are satisfied, and the date(s) on which they become exercisable will depend on the period in which such market conditions and service requirements are met, if at all, except that vesting and exercisability are accelerated upon a change of control. Outstanding service-based restricted stock units ("RSUs") granted to employees vest at the rate of 50% of the shares underlying the grant at each of the third and fourth anniversaries of the date on which the award was granted. Service-based RSUs granted to directors and outstanding as of December 31, 2017 vest on July 30, 2018. Market-based RSUs outstanding at December 31, 2017 will vest only if certain market conditions and service requirements have been met, and the date(s) on which they vest will depend on the period in which such market conditions and service requirements are met, if at all, except that vesting and redemption are accelerated upon a change of control. At December 31, 2017 , there were 517,368 shares available for grant under the 2013 Plan. The fair value of each stock option granted under the above plan was estimated on the date of grant using a Black-Scholes option pricing model with the following average assumptions: Nine Months Ended December 31, 2017 2016 Risk-free interest rate 2.21 % 1.66 % Volatility 34.44 % 35.12 % Dividend yield 2.90 % 2.91 % Expected life of option (in years) 6.25 4.75 The fair value of each market-based RSU granted under the above plan during the nine months ended December 31, 2016 was estimated on the date of grant using a Monte Carlo simulation model with assumptions of a risk-free interest rate of 1.20% , volatility of 33.08% and dividend yield of 2.99% . There were no market-based RSUs granted during the nine months ended December 31, 2017 . The fair value of each service-based RSU granted to employees was estimated on the day of grant based on the closing price of the Company's common stock reduced by the present value of the expected dividend stream during the vesting period using the risk-free interest rate. The fair value of each service-based RSU granted to directors, for which dividend equivalents are paid upon vesting of the underlying awards, was estimated on the day of grant based on the closing price of the Company's common stock. During the nine months ended December 31, 2017 and 2016 , the Company granted 124,000 and 151,350 stock options, respectively, with a weighted average fair value of $7.40 and $6.25 , respectively. During the nine months ended December 31, 2017 and 2016 , the Company granted 88,680 and 66,602 RSUs, respectively, with a weighted average fair value of $25.42 and $21.47 , respectively. As of December 31, 2017 , there were 600,200 and 209,205 outstanding stock options and RSUs, respectively. As of December 31, 2017 , there was $1,617,000 of total unrecognized compensation cost related to non-vested stock option awards granted under the Company’s equity incentive plans which is expected to be recognized over a weighted average period of 2.7 years . As of December 31, 2017 , there was $2,502,000 of total unrecognized compensation cost related to non-vested RSUs granted under the Company’s equity incentive plans which is expected to be recognized over a weighted average period of 2.4 years . On August 11, 2015, the Company granted 10,000 RSUs to the Chair of the Company's Board of Directors. The RSUs vested on August 15, 2017 and were converted into a lump sum cash payment of approximately $266,000 which represented the fair market value of corresponding shares of common stock of the Company. Prior to vesting, the RSUs were classified as liability awards because they were to be paid in cash upon vesting. The RSU award liability was measured at its fair market value at the end of each reporting period. The total amount accrued related to this grant as of December 31, 2016 and March 31, 2017 was $ 186,000 and $210,000 , respectively, and is included in accrued payroll and other compensation in the consolidated balance sheet. Compensation cost related to stock options and RSUs (inclusive of the liability classified awards described above) recognized in operating results (included in selling, general and administrative expenses) was $583,000 and $517,000 in the quarters ended December 31, 2017 and 2016 , respectively, and $ 1,443,000 and $ 1,266,000 in the nine months ended December 31, 2017 and 2016 , respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	DERIVATIVE FINANCIAL INSTRUMENTS The Company enters into foreign currency forward contracts in order to reduce the impact of certain foreign currency fluctuations on sales denominated in a foreign currency. Derivatives are not used for trading or speculative activities. Firmly committed transactions and the related receivables may be hedged with forward exchange contracts. Gains and losses arising from foreign currency forward contracts are recorded in other expense (income), net as offsets of gains and losses resulting from the underlying hedged transactions. A realized loss of $28,000 and $60,000 was recorded in the three- and nine months ended December 31, 2017 , respectively, and a realized gain of $51,000 and $65,000 was recorded in the three- and nine months ended December 31, 2016 , respectively. As of December 31, 2017 and 2016 , the notional amount of open foreign currency forward contracts was $1,355,000 and $1,668,000 , respectively. The related unrealized loss was $12,000 at December 31, 2017 and the related unrealized gain was de minimis at December 31, 2016 . The Company believes it does not have significant counterparty credit risks as of December 31, 2017 . The following table shows the fair value of the foreign currency forward contracts designated as hedging instruments and included in the Company’s consolidated balance sheet (in thousands): Fair Value of Derivative Instruments Balance Sheet Location December 31, 2017 December 31, 2016 Foreign currency forward contracts Other current liabilities $ 12 $ —

Intangible Assets

Intangible Assets	9 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	INTANGIBLE ASSETS The change in the carrying amount of goodwill for the nine months ended December 31, 2017 is as follows (in thousands): Balance as of March 31, 2017 $ 19,916 Acquisition of Simplicity 6,154 Balance as of December 31, 2017 $ 26,070 The goodwill of the Simplicity business is primarily related to synergies expected to be realized from this business combination, sales growth from new customers, and certain intangible assets that do not qualify for separate recognition. With the acquisition of Simplicity and subject to the finalization of the preliminary purchase accounting, the Company recorded intangible assets relating to tradenames that are not subject to amortization in the amount of $8,200,000 . Additionally, the Company recorded $10,200,000 relating to customer lists with an estimated life of ten years and $3,882,000 related to favorable lease contracts with a weighted-average amortization period of six years . The gross carrying amount and accumulated amortization of other intangible assets is as follows (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Tradenames and trademarks $ 28,153 $ — $ 19,953 $ — $ 19,953 $ — Customer relationships 49,957 18,998 39,757 16,495 39,757 15,718 Favorable lease contracts 3,882 120 — — — — Patents 1,164 913 1,164 825 1,164 796 Trademarks 403 384 403 363 403 355 Non-compete 530 324 530 245 530 219 $ 84,089 $ 20,739 $ 61,807 $ 17,928 $ 61,807 $ 17,088 Amortization expense related to intangible assets was $1,130,000 and $841,000 for the quarters ended December 31, 2017 and 2016 , respectively, and was $2,811,000 and $2,464,000 for the nine months ended December 31, 2017 and 2016 . Based on the current composition of intangibles, amortization expense for the remainder of fiscal 2018 and each of the succeeding four years is projected to be as follows (in thousands): Remainder of fiscal 2018 $ 1,274 Fiscal 2019 5,042 Fiscal 2020 4,881 Fiscal 2021 4,394 Fiscal 2022 4,297

Long-Term Debt

Long-Term Debt	9 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	LONG-TERM DEBT The Company leases certain equipment under capital leases which is classified in the accompanying balance sheet as follows (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Current portion of long-term debt $ 161 $ 75 $ 74 Long-term debt, net of current portion 138 194 214 $ 299 $ 269 $ 288 The Company also finances certain equipment which is classified in the accompanying balance sheet as follows (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Current portion of long-term debt $ 152 $ 145 $ 151 Long-term debt, net of current portion 147 262 302 $ 299 $ 407 $ 453

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES CSS and its subsidiaries are involved in ordinary, routine legal proceedings that are not considered by management to be material. In the opinion of Company counsel and management, the ultimate liabilities resulting from such legal proceedings will not materially affect the consolidated financial position of the Company or its results of operations or cash flows.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Recurring Fair Value Measurements The Company uses certain derivative financial instruments as part of its risk management strategy to reduce foreign currency risk. The Company recorded all derivatives on the consolidated balance sheet at fair value based on quotes obtained from financial institutions as of December 31, 2017 . The Company maintains a Nonqualified Supplemental Executive Retirement Plan ("SERP") for qualified employees. There have been no contributions provided under the SERP since fiscal 2007 and there are four employees who maintain account balances as of December 31, 2017 . The Company also maintains a nonqualified Deferred Compensation Plan ("Deferred Comp Plan") for qualified employees. The Deferred Comp Plan provides eligible key employees with the opportunity to elect to defer up to 50% of their eligible compensation under the Deferred Comp Plan. The Company may make matching or discretionary contributions, at the discretion of the Board. All compensation deferred under the SERP and Deferred Comp Plan is held by the Company. The Company maintains separate accounts for each participant to reflect deferred contribution amounts and the related gains or losses on such deferred amounts. A participant’s account is notionally invested in one or more investment funds and the value of the account is determined with respect to such investment allocations. The related liability is recorded as deferred compensation and included in other long-term obligations in the consolidated balance sheet as of December 31, 2017 . In connection with the above SERP and Deferred Comp Plan, the Company has invested in company-owned life insurance policies. The Company also maintains two life insurance policies in connection with deferred compensation arrangements with two former executives. The cash surrender value of the policies is recorded in other long-term assets in the consolidated balance sheets and is based on quotes obtained from the insurance company as of December 31, 2017 . To increase consistency and comparability in fair value measurements, the Financial Accounting Standards Board ("FASB") established a fair value hierarchy that prioritizes the inputs to valuation techniques into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial assets and liabilities fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The Company’s recurring assets and liabilities recorded on the consolidated balance sheet are categorized based on the inputs to the valuation techniques as follows: Level 1 – Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that the Company has the ability to access. Level 2 – Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Examples of Level 2 inputs include quoted prices for identical or similar assets or liabilities in non-active markets and pricing models whose inputs are observable for substantially the full term of the asset or liability. Level 3 – Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis in its consolidated balance sheet as of December 31, 2017 and March 31, 2017 (in thousands): Fair Value Measurements at December 31, 2017 Using December 31, 2017 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities $ 361 $ 361 $ — $ — Cash surrender value of life insurance policies 2,028 — 2,028 — Total assets $ 2,389 $ 361 $ 2,028 $ — Liabilities Deferred compensation plans $ 699 $ 699 $ — $ — Foreign exchange contracts 12 — 12 — Total liabilities $ 711 $ 699 $ 12 $ — Fair Value Measurements at March 31, 2017 Using March 31, 2017 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities $ 319 $ 319 $ — $ — Cash surrender value of life insurance policies 1,187 — 1,187 — Total assets $ 1,506 $ 319 $ 1,187 $ — Liabilities Deferred compensation plans $ 364 $ 364 $ — $ — Total liabilities $ 364 $ 364 $ — $ — Cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and short-term borrowings are reflected at carrying value in the consolidated balance sheets and such amounts are a reasonable estimate of their fair values due to the short-term nature of these instruments. Short-term investments as of March 31, 2017 included held-to-maturity securities that were recorded at amortized cost, which approximates fair value (Level 2), because their short-term maturity results in the interest rates on these securities approximating current market interest rates. As of December 31, 2017 and March 31, 2017 , the outstanding balance of the Company’s long-term debt approximated its fair value based on current rates available to the Company for debt of the same maturity and represents Level 2 financial instruments. Nonrecurring Fair Value Measurements The Company’s nonfinancial assets which are measured at fair value on a nonrecurring basis include property, plant and equipment, goodwill, intangible assets and certain other assets. These assets are not measured at fair value on a recurring basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence that an impairment may exist. In making the assessment of impairment, recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset group to future net cash flows estimated by the Company to be generated by such assets. If such asset group is considered to be impaired, the impairment to be recognized is the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. Assets to be disposed of are recorded at the lower of their carrying value or estimated net realizable value. As discussed in Note 2, the Company acquired substantially all of the net assets and business of Simplicity on November 3, 2017 and determined that the aggregate preliminary fair value of acquired intangible assets, consisting of tradenames, customer lists and favorable lease contracts, was $ 22,282,000 . The Company estimated the fair value of the aforementioned acquired intangible assets using discounted cash flow techniques which included an estimate of future cash flows discounted to present value with an appropriate risk-adjusted discount rate (Level 3). The Company determined that the aggregate preliminary fair value of the acquired inventory in the Simplicity acquisition was $ 31,651,000 , which was estimated as the selling price less costs of disposal (Level 2). Goodwill and indefinite-lived intangibles are subject to impairment testing on an annual basis, or sooner if events or circumstances indicate a condition of impairment may exist. Impairment testing is conducted through valuation methods that are based on assumptions for matters such as interest and discount rates, growth projections and other future business conditions (Level 3). These valuation methods require a significant degree of management judgment concerning the use of internal and external data. In the event these methods indicate that fair value is less than the carrying value, the asset is recorded at fair value as determined by the valuation models. As of December 31, 2017 , the Company believes that no impairments exist.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carryforwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce deferred tax assets to the amount that is more likely than not to be realized. The Company recognizes the impact of an uncertain tax position if it is more likely than not that such position will be sustained on audit, based solely on the technical merits of the position. The income tax provision for interim periods is comprised of tax on ordinary income (loss) provided at the most recent estimated annual effective tax rate, adjusted for the tax effect of discrete items. Management estimates the annual effective tax rate quarterly based on the forecasted pretax income (loss) results of its U.S. and non-US jurisdictions. Items unrelated to current year ordinary income (loss) are recognized entirely in the period identified as a discrete item of tax. These discrete items generally relate to changes in tax laws, adjustments to the actual liability determined upon filing tax returns, and adjustments to previously recorded reserves for uncertain tax positions. Effects of the Tax Cuts and Jobs Act New tax legislation in the U.S., commonly referred to as the Tax Cuts and Jobs Act , was enacted on December 22, 2017. Accounting Standards Codification 740, "Accounting for Income Taxes," requires companies to recognize the effect of tax law changes in the period of enactment even though the effective date for most provisions is for tax years beginning after December 31, 2017, or in the case of certain other provisions, January 1, 2018. Though certain key aspects of the new law are effective January 1, 2018 and have an immediate accounting effect, other significant provisions are not effective or may not result in accounting effects for the Company until April 1, 2018. Given the significance of the legislation, the Securities and Exchange Commission staff issued Staff Accounting Bulletin 118, "Income Tax Accounting Implications of the Tax Cuts and Jobs Act" ("SAB 118"), which allows registrants to record provisional amounts during a one year “measurement period” similar to that used when accounting for business combinations. However, the measurement period is deemed to have ended earlier when the registrant has obtained, prepared and analyzed the information necessary to finalize its accounting. During the measurement period, impacts of the law are expected to be recorded at the time a reasonable estimate for all or a portion of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared or analyzed. SAB 118 summarizes a three-step process to be applied at each reporting period to account for and qualitatively disclose: (1) the effects of the change in tax law for which accounting is complete; (2) provisional amounts (or adjustments to provisional amounts) for the effects of the tax law where accounting is not complete, but that a reasonable estimate has been determined; and (3) that a reasonable estimate cannot yet be made and therefore taxes are reflected in accordance with law prior to the enactment of the Tax Cuts and Jobs Act . Amounts recorded where accounting is complete in the three- and nine months ended December 31, 2017 principally relate to the reduction in the U.S. corporate income tax rate to 21% , which resulted in the Company reporting an income tax benefit of $3,147,000 to remeasure deferred taxes. Furthermore, income tax expense of $238,000 was recorded for the reduced federal tax benefit of state income tax expense. Provisional amounts recorded where accounting is based upon reasonable estimates through the three- and nine months ended December 31, 2017 related to the new law include a one-time mandatory repatriation transition tax of $2,721,000 on the net accumulated earnings and profits of our foreign subsidiaries. The Company has determined that the transition tax is provisional because various components of the computation are unknown as of December 31, 2017, including the following significant items: the exchange rates for fiscal year 2019, the actual aggregate foreign cash position and the earnings and profits of the foreign entities as of March 31, 2018, the interpretation and identification of cash positions as of March 31, 2018, and incomplete computations of accumulated earnings and profits balances as of November 2, 2017 and December 31, 2017. Consistent with provisions allowed under the Tax Cut and Jobs Act , the estimated transition tax liability of $2,721,000 will be paid over an eight year period beginning in fiscal year 2018. The Company has recorded the current portion of the estimated transition tax liability of $218,000 in accrued income taxes and has recorded the estimated long term portion of $2,503,000 in other long-term obligations in the accompanying consolidated balance sheet.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In August 2017, the FASB issued Accounting Standards Update ("ASU") 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," that amends and simplifies existing hedge accounting guidance and allows for more hedging strategies to be eligible for hedge accounting. In addition, the ASU amends disclosure requirements and how hedge effectiveness is assessed. This new standard is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this standard, but it does not expect that it will have a material impact on the Company's consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, “Compensation–Stock Compensation (Topic 718): Scope of Modification Accounting,” clarifying when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for the Company on a prospective basis beginning on April 1, 2018, with early adoption permitted. This new guidance is not expected to have an impact on the Company’s consolidated financial statements as it is not the Company’s practice to change either the terms or conditions of share-based payment awards once they are granted. In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). Under the amendments in ASU 2017-04, Step 2 of the goodwill impairment test is eliminated. An entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. Also eliminated is the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. Therefore, the same impairment assessment applies to all reporting units. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. This standard is effective for the Company for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. Effective April 1, 2017, the Company elected to early adopt ASU 2017-04 and the amendments described therein will be applied prospectively to all future goodwill impairment tests performed on an interim or annual basis. The adoption of the standard did not have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, "Clarifying the Definition of a Business" ("ASU 2017-01"). This new guidance clarifies the definition of a business in order to assist with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted for transactions not reported in financial statements that have been issued or made available for issuance. The new guidance must be applied prospectively on or after the effective date, and no disclosures for a change in accounting principle are required at transition. The Company elected to early adopt ASU 2017-01 effective April 1, 2017 and the new guidance did not have an impact on the Company's consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory" ("ASU 2016-16") which amends the accounting for income taxes. ASU 2016-16 requires the recognition of the income tax consequences of an intra-entity asset transfer, other than transfers of inventory, when the transaction occurs. For intra-entity transfers of inventory, the income tax effects will continue to be deferred until the inventory has been sold to a third party. The standard is effective in annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The new guidance is required to be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Company intends to adopt the guidance when it becomes effective in the first quarter of fiscal 2019 and does not anticipate that this guidance will have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"). ASU 2016-09 simplifies several aspects of accounting for share-based payment award transactions, including income tax consequences, classification of awards as either liability or equity, and classification on the statement of cash flows. The standard is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. The Company adopted the guidance effective April 1, 2017 and recorded a $1,059,000 cumulative-effect adjustment to retained earnings to recognize deferred taxes attributable to excess tax benefits. The Company also elected to adopt the cash flow presentation of the excess tax benefits prospectively commencing in the first quarter of fiscal 2018. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 requires lessees to record a right-of-use asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The standard also requires certain quantitative and qualitative disclosures. While we are continuing to assess all potential aspects of ASU 2016-02, including taking an inventory of outstanding leases, the Company currently believes the most significant impact relates to our accounting for manufacturing, distribution, warehouse and office space operating leases. The Company expects this standard to have a material impact on its consolidated balance sheet, but does not believe that it will have a material impact on its consolidated net income. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory" ("ASU 2015-11"). ASU 2015-11 amends the guidelines for the measurement of inventory from lower of cost or market to the lower of cost and net realizable value ("NRV"). NRV is defined as the estimated selling prices in the ordinary course of business less reasonably predictable costs of completion, disposal, and transportation. Under existing standards, inventory is measured at lower of cost or market, which requires the consideration of replacement cost, NRV and NRV less an amount that approximates a normal profit margin. This ASU eliminates the requirement to determine and consider replacement cost or NRV less a normal profit margin for inventory measurement. The new standard is effective prospectively for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company adopted ASU 2015-11 effective April 1, 2017 and it had no impact on its consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 provides a single model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The new standard also requires expanded disclosures regarding the qualitative and quantitative information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The standard permits the use of either a full retrospective or a modified retrospective approach. The Company will adopt the new guidance effective April 1, 2018, with a cumulative-effect adjustment, if any, to opening retained earnings under the modified retrospective approach. The Company’s implementation of this ASU includes the evaluation of its customer agreements to identify terms or conditions that could be considered a performance obligation such that, if material to the terms of the contract, consideration would be allocated to the performance obligation and could accelerate or defer the timing of recognizing revenue. The Company has made significant progress in the review of its customer contracts and its current accounting policies and practices to identify potential differences that could result from applying the requirements of the new standard to its revenue contracts. To date, the Company has evaluated a majority of its revenue streams and based on the Company's preliminary analysis, it does not expect the new revenue standard will have a significant impact on the timing of recognizing revenue. The Company currently does not expect any significant changes to its accounting systems, but it will enhance its internal controls related to the new standard. While the Company has made significant progress, it is still evaluating other aspects of its revenue streams. The Company will continue to update its assessment of the effect that the new revenue guidance will have on its consolidated financial statements, disclosures and related internal controls, and will disclose any material effects, if any.

Subsequent Event

Subsequent Event	9 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENT At December 31, 2017, the Company has $48,431,000 of nonamortizing variable-rate debt outstanding which accrues interest at LIBOR plus .95% ( 2.51% ). In order to hedge interest rate risk, on February 1, 2018, the Company entered into an interest rate swap agreement for a notional amount of $40,000,000 at a fixed rate of 2.575% . Under this swap agreement, the Company pays the fixed rate of 2.575% on the $40,000,000 notional amount on a monthly basis, and receives the LIBOR rate on a monthly basis, effectively converting its variable-rate debt into fixed-rate debt with an effective interest rate of 3.525% ( 2.575% fixed + .95% spread).

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation CSS Industries, Inc. (collectively with its subsidiaries, “CSS” or the “Company”) has prepared the consolidated financial statements included herein pursuant to the rules and regulations of the Securities and Exchange Commission. The Company has condensed or omitted certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States pursuant to such rules and regulations. In the opinion of management, the statements include all adjustments (which include normal recurring adjustments) required for a fair presentation of financial position, results of operations and cash flows for the interim periods presented. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2017 . The results of operations for the interim periods are not necessarily indicative of the results for the full year. The Company’s fiscal year ends on March 31. References to a particular fiscal year refer to the fiscal year ending in March of that year. For example, “fiscal 2018 ” refers to the fiscal year ending March 31, 2018 .
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.
Nature of Business	Nature of Business CSS is a consumer products company within the seasonal, celebrations and craft markets that is primarily engaged in the design, manufacture, procurement, distribution and sale of seasonal, celebrations and craft social expression products, principally to mass market retailers. Seasonal The seasonal product category is defined as products designed, produced and sold to mass market retailers for holidays and seasonal events, including Christmas, Valentine's Day, Easter and back-to-school. Products include Christmas packaging ribbons and bows, boxed greeting cards, gift tags, gift card holders, gift bags, gift wrap, tissue paper, classroom exchange Valentine cards, Easter egg dyes and novelties, and educational products. Production forecasts for these products are generally known well in advance of shipment. Celebrations The celebrations product category is defined as products primarily designed to celebrate certain life events or special occasions such as weddings, birthdays, anniversaries, graduations, or the birth of a child. These products are primarily sold into mass and specialty retailers, floral and packaging wholesalers and distributors. Products include ribbons and bows, floral accessories, infant products, journals, gift card holders, all occasion boxed greeting cards, memory books, scrapbooks, stationery, stickers and other items that commemorate life's celebrations. Products in this category are generally ordered on a replenishment basis throughout the year. Craft The craft product category is defined as products used for craft activities and includes ribbons, trims, buttons, sewing patterns, knitting needles, needle arts and kids crafts. These products are sold to mass market and specialty retailers and are generally ordered on a replenishment basis throughout the year. The seasonal nature of CSS’ business has historically resulted in lower sales levels and operating losses in the first and fourth quarters and comparatively higher sales levels and operating profits in the second and third quarters of the Company’s fiscal year, which ends March 31, thereby causing significant fluctuations in the quarterly results of operations of the Company. The Company's principal operating subsidiaries include Berwick Offray LLC ("Berwick Offray"), Paper Magic Group, Inc. ("Paper Magic"), C.R. Gibson, LLC ("C.R. Gibson"), The McCall Pattern Company, Inc. ("McCall") and Simplicity Creative Corp. ("Simplicity"), and their respective subsidiaries.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The Company's foreign subsidiaries use the local currency as the functional currency. The Company translates all assets and liabilities at period end exchange rates and all income and expense accounts at average rates during the period. Translation adjustments are recorded in accumulated other comprehensive income (loss) in stockholders’ equity. Gains and losses on foreign currency transactions (denominated in currencies other than the local currency) are not material and are included in other expense (income), net in the consolidated statements of operations.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Judgments and assessments of uncertainties are required in applying the Company’s accounting policies in many areas. Such estimates pertain to revenue recognition, the valuation of inventory and accounts receivable, the assessment of the recoverability of goodwill and other intangible and long-lived assets, income tax accounting, the valuation of share-based awards and resolution of litigation and other proceedings. Actual results could differ from these estimates.
Short-Term Investments	Short-Term Investments The Company categorized and accounted for its short-term investment holdings as held-to-maturity securities. This categorization was based upon the Company's positive intent and ability to hold these securities until maturity. There were no short-term investments at December 31, 2017 and 2016 . Short-term investments at March 31, 2017 consisted of commercial paper with an amortized cost of $19,931,000 and matured in the first quarter of fiscal 2018 . Held-to-maturity securities are recorded at amortized cost which approximated fair value at March 31, 2017 .
Inventories	Inventories The Company records inventory when title is transferred, which occurs upon receipt or prior to receipt dependent on supplier shipping terms. The Company adjusts unsaleable and slow-moving inventory to its estimated net realizable value. Substantially all of the Company’s inventories are stated at the lower of first-in, first-out (FIFO) cost and net realizable value. The remaining portion of the inventory is valued at the lower of last-in, first-out (LIFO) cost and net realizable value.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost and include the following (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Land $ 7,052 $ 5,838 $ 5,818 Buildings, leasehold interests and improvements 45,009 40,661 40,257 Machinery, equipment and other 102,311 89,917 90,681 154,372 136,416 136,756 Less - Accumulated depreciation and amortization (102,904 ) (100,652 ) (100,758 ) Net property, plant and equipment $ 51,468 $ 35,764 $ 35,998
Long-Lived Assets including Goodwill and Other Intangible Assets	Long-Lived Assets including Goodwill and Other Intangible Assets The Company performs an annual impairment test of the carrying amount of goodwill and indefinite-lived intangible assets in the fourth quarter of its fiscal year. Additionally, the Company would perform its impairment testing at an interim date if events or circumstances indicate that goodwill or intangibles might be impaired. During the nine months ended December 31, 2017 , there were no such events or circumstances. The Company uses a dual approach to determine the fair value of its reporting units, including both a market approach and an income approach. The Company believes the use of multiple valuation techniques results in a more accurate indicator of the fair value of each reporting unit. The test compares the fair value of a reporting unit to its carrying amount, including goodwill, as of the date of the test. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss would be reported. Other indefinite-lived intangible assets consist primarily of tradenames, which are also required to be tested annually for impairment. The fair value of the Company’s tradenames is calculated using a “relief from royalty payments” methodology. Long-lived assets (including property, plant and equipment), except for goodwill and indefinite-lived intangible assets, are reviewed for impairment when events or circumstances indicate the carrying value of an asset group may not be recoverable. If such asset group is considered to be impaired, the impairment to be recognized is the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. During the nine months ended December 31, 2017 , there were no such events or circumstances. See Note 5 for further information on other intangible assets.
Revenue Recognition	Revenue Recognition The Company recognizes the majority of its revenue from product sales when the goods are shipped, title and risk of loss have been transferred to the customer and collection is reasonably assured. The Company has certain products, primarily sewing patterns, that are on consignment at mass market retailers and the Company recognizes the sale as products are sold to end consumers as recorded at point-of-sale terminals. Provisions for returns, allowances, rebates to customers and other adjustments are provided in the same period that the related sales are recorded.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In August 2017, the FASB issued Accounting Standards Update ("ASU") 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," that amends and simplifies existing hedge accounting guidance and allows for more hedging strategies to be eligible for hedge accounting. In addition, the ASU amends disclosure requirements and how hedge effectiveness is assessed. This new standard is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this standard, but it does not expect that it will have a material impact on the Company's consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, “Compensation–Stock Compensation (Topic 718): Scope of Modification Accounting,” clarifying when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for the Company on a prospective basis beginning on April 1, 2018, with early adoption permitted. This new guidance is not expected to have an impact on the Company’s consolidated financial statements as it is not the Company’s practice to change either the terms or conditions of share-based payment awards once they are granted. In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). Under the amendments in ASU 2017-04, Step 2 of the goodwill impairment test is eliminated. An entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. Also eliminated is the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. Therefore, the same impairment assessment applies to all reporting units. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. This standard is effective for the Company for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. Effective April 1, 2017, the Company elected to early adopt ASU 2017-04 and the amendments described therein will be applied prospectively to all future goodwill impairment tests performed on an interim or annual basis. The adoption of the standard did not have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, "Clarifying the Definition of a Business" ("ASU 2017-01"). This new guidance clarifies the definition of a business in order to assist with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted for transactions not reported in financial statements that have been issued or made available for issuance. The new guidance must be applied prospectively on or after the effective date, and no disclosures for a change in accounting principle are required at transition. The Company elected to early adopt ASU 2017-01 effective April 1, 2017 and the new guidance did not have an impact on the Company's consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory" ("ASU 2016-16") which amends the accounting for income taxes. ASU 2016-16 requires the recognition of the income tax consequences of an intra-entity asset transfer, other than transfers of inventory, when the transaction occurs. For intra-entity transfers of inventory, the income tax effects will continue to be deferred until the inventory has been sold to a third party. The standard is effective in annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The new guidance is required to be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Company intends to adopt the guidance when it becomes effective in the first quarter of fiscal 2019 and does not anticipate that this guidance will have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"). ASU 2016-09 simplifies several aspects of accounting for share-based payment award transactions, including income tax consequences, classification of awards as either liability or equity, and classification on the statement of cash flows. The standard is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. The Company adopted the guidance effective April 1, 2017 and recorded a $1,059,000 cumulative-effect adjustment to retained earnings to recognize deferred taxes attributable to excess tax benefits. The Company also elected to adopt the cash flow presentation of the excess tax benefits prospectively commencing in the first quarter of fiscal 2018. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 requires lessees to record a right-of-use asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The standard also requires certain quantitative and qualitative disclosures. While we are continuing to assess all potential aspects of ASU 2016-02, including taking an inventory of outstanding leases, the Company currently believes the most significant impact relates to our accounting for manufacturing, distribution, warehouse and office space operating leases. The Company expects this standard to have a material impact on its consolidated balance sheet, but does not believe that it will have a material impact on its consolidated net income. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory" ("ASU 2015-11"). ASU 2015-11 amends the guidelines for the measurement of inventory from lower of cost or market to the lower of cost and net realizable value ("NRV"). NRV is defined as the estimated selling prices in the ordinary course of business less reasonably predictable costs of completion, disposal, and transportation. Under existing standards, inventory is measured at lower of cost or market, which requires the consideration of replacement cost, NRV and NRV less an amount that approximates a normal profit margin. This ASU eliminates the requirement to determine and consider replacement cost or NRV less a normal profit margin for inventory measurement. The new standard is effective prospectively for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company adopted ASU 2015-11 effective April 1, 2017 and it had no impact on its consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 provides a single model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The new standard also requires expanded disclosures regarding the qualitative and quantitative information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The standard permits the use of either a full retrospective or a modified retrospective approach. The Company will adopt the new guidance effective April 1, 2018, with a cumulative-effect adjustment, if any, to opening retained earnings under the modified retrospective approach. The Company’s implementation of this ASU includes the evaluation of its customer agreements to identify terms or conditions that could be considered a performance obligation such that, if material to the terms of the contract, consideration would be allocated to the performance obligation and could accelerate or defer the timing of recognizing revenue. The Company has made significant progress in the review of its customer contracts and its current accounting policies and practices to identify potential differences that could result from applying the requirements of the new standard to its revenue contracts. To date, the Company has evaluated a majority of its revenue streams and based on the Company's preliminary analysis, it does not expect the new revenue standard will have a significant impact on the timing of recognizing revenue. The Company currently does not expect any significant changes to its accounting systems, but it will enhance its internal controls related to the new standard. While the Company has made significant progress, it is still evaluating other aspects of its revenue streams. The Company will continue to update its assessment of the effect that the new revenue guidance will have on its consolidated financial statements, disclosures and related internal controls, and will disclose any material effects, if any

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Inventories	Inventories consisted of the following (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Raw material $ 11,608 $ 11,210 $ 10,733 Work-in-process 14,070 18,316 14,165 Finished goods 85,084 75,732 81,600 $ 110,762 $ 105,258 $ 106,498
Property, Plant and Equipment	Property, plant and equipment are stated at cost and include the following (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Land $ 7,052 $ 5,838 $ 5,818 Buildings, leasehold interests and improvements 45,009 40,661 40,257 Machinery, equipment and other 102,311 89,917 90,681 154,372 136,416 136,756 Less - Accumulated depreciation and amortization (102,904 ) (100,652 ) (100,758 ) Net property, plant and equipment $ 51,468 $ 35,764 $ 35,998
Earnings Per Share	The following table sets forth the computation of basic and diluted net income per common share for the three- and nine months ended December 31, 2017 and 2016 (in thousands, except per share data): Three Months Ended December 31, Nine Months Ended December 31, 2017 2016 2017 2016 Numerator: Net income $ 5,952 $ 29,969 $ 1,901 $ 33,675 Denominator: Weighted average shares outstanding for basic net income per common share 9,116 9,082 9,105 9,070 Effect of dilutive stock options 41 36 37 43 Adjusted weighted average shares outstanding for diluted net income per common share 9,157 9,118 9,142 9,113 Basic net income per common share $ 0.65 $ 3.30 $ 0.21 $ 3.71 Diluted net income per common share $ 0.65 $ 3.29 $ 0.21 $ 3.70

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Cash $ 1,889 Accounts receivable 11,787 Inventory 31,651 Other assets 1,289 Total current assets 46,616 Property, plant and equipment 14,975 Intangible assets 22,282 Goodwill 6,154 Other 211 Total assets acquired 90,238 Current liabilities 16,782 Long-term debt 17 Other long-term liabilities 4,523 Total liabilities assumed 21,322 Net assets acquired $ 68,916 The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisitions in fiscal 2017 (in thousands): Accounts receivable $ 2,762 Inventory 32,206 Other assets 553 Total current assets 35,521 Property, plant and equipment 9,473 Intangible assets 4,900 Other 1,122 Total assets acquired 51,016 Current liabilities 5,328 Deferred tax liability 9,322 Long-term debt 516 Other long-term liabilities 724 Total liabilities assumed 15,890 Net assets acquired $ 35,126
Pro Forma Information	The following table summarizes the revenue and earnings of the Company had the date of these acquisitions been April 1, 2016 (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2017 2016 2017 2016 Supplemental pro forma revenue $ 140,086 $ 149,830 $ 332,044 $ 359,792 Supplemental pro forma earnings (1) $ 11,639 $ 11,367 $ 13,099 $ 17,841 Supplemental pro forma earnings per basic share (1) $ 1.28 $ 1.25 $ 1.44 $ 1.97 Supplemental pro forma earnings per diluted share (1) $ 1.27 $ 1.25 $ 1.43 $ 1.96 (1) Earnings and earnings per share in the above pro forma table exclude bargain purchase gains and recognition of inventory step-up through cost of sales as the inventory turns.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Fair Value of Each Stock Option Granted Using Monte Carlo Simulation Model	The fair value of each stock option granted under the above plan was estimated on the date of grant using a Black-Scholes option pricing model with the following average assumptions: Nine Months Ended December 31, 2017 2016 Risk-free interest rate 2.21 % 1.66 % Volatility 34.44 % 35.12 % Dividend yield 2.90 % 2.91 % Expected life of option (in years) 6.25 4.75

Derivative Financial Instrume22

Derivative Financial Instruments (Tables)	9 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivative Instruments	The following table shows the fair value of the foreign currency forward contracts designated as hedging instruments and included in the Company’s consolidated balance sheet (in thousands): Fair Value of Derivative Instruments Balance Sheet Location December 31, 2017 December 31, 2016 Foreign currency forward contracts Other current liabilities $ 12 $ —

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in the carrying amount of goodwill for the nine months ended December 31, 2017 is as follows (in thousands): Balance as of March 31, 2017 $ 19,916 Acquisition of Simplicity 6,154 Balance as of December 31, 2017 $ 26,070
Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets	The gross carrying amount and accumulated amortization of other intangible assets is as follows (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Tradenames and trademarks $ 28,153 $ — $ 19,953 $ — $ 19,953 $ — Customer relationships 49,957 18,998 39,757 16,495 39,757 15,718 Favorable lease contracts 3,882 120 — — — — Patents 1,164 913 1,164 825 1,164 796 Trademarks 403 384 403 363 403 355 Non-compete 530 324 530 245 530 219 $ 84,089 $ 20,739 $ 61,807 $ 17,928 $ 61,807 $ 17,088
Schedule of Future Amortization Expense	Based on the current composition of intangibles, amortization expense for the remainder of fiscal 2018 and each of the succeeding four years is projected to be as follows (in thousands): Remainder of fiscal 2018 $ 1,274 Fiscal 2019 5,042 Fiscal 2020 4,881 Fiscal 2021 4,394 Fiscal 2022 4,297

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of long term debt	The Company leases certain equipment under capital leases which is classified in the accompanying balance sheet as follows (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Current portion of long-term debt $ 161 $ 75 $ 74 Long-term debt, net of current portion 138 194 214 $ 299 $ 269 $ 288 The Company also finances certain equipment which is classified in the accompanying balance sheet as follows (in thousands): December 31, 2017 March 31, 2017 December 31, 2016 Current portion of long-term debt $ 152 $ 145 $ 151 Long-term debt, net of current portion 147 262 302 $ 299 $ 407 $ 453

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis in its consolidated balance sheet as of December 31, 2017 and March 31, 2017 (in thousands): Fair Value Measurements at December 31, 2017 Using December 31, 2017 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities $ 361 $ 361 $ — $ — Cash surrender value of life insurance policies 2,028 — 2,028 — Total assets $ 2,389 $ 361 $ 2,028 $ — Liabilities Deferred compensation plans $ 699 $ 699 $ — $ — Foreign exchange contracts 12 — 12 — Total liabilities $ 711 $ 699 $ 12 $ — Fair Value Measurements at March 31, 2017 Using March 31, 2017 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities $ 319 $ 319 $ — $ — Cash surrender value of life insurance policies 1,187 — 1,187 — Total assets $ 1,506 $ 319 $ 1,187 $ — Liabilities Deferred compensation plans $ 364 $ 364 $ — $ — Total liabilities $ 364 $ 364 $ — $ —

Summary of Significant Accoun26

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Nov. 03, 2017	Mar. 31, 2017	Dec. 13, 2016
Net Investment Income [Line Items]
Held-to-maturity short-term investments	$ 0	$ 0	$ 0	$ 0		$ 19,931,000
Remaining amount of inventory acquired	16,249,000	21,322,000	16,249,000	21,322,000		18,187,000
Depreciation expense	$ 1,749,000	$ 1,216,000	$ 4,314,000	$ 3,863,000
Effective antidilutive securities excluded from computation of net income per share (in shares)	208	505	545	505
Commercial Paper
Net Investment Income [Line Items]
Held-to-maturity short-term investments						19,931,000
The McCall Pattern Company
Net Investment Income [Line Items]
Step up to fair value of inventory acquired							$ 21,773,000
Simplicity Creative Group
Net Investment Income [Line Items]
Step up to fair value of inventory acquired					$ 10,214,000
Depreciation expense	$ 20,000		$ 20,000
Machinery and equipment
Net Investment Income [Line Items]
Capital leased assets	564,000	$ 0	564,000	$ 0		$ 0
Capital leased assets, accumulated depreciation	$ 207,000		$ 207,000

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw material	$ 11,608	$ 11,210	$ 10,733
Work-in-process	14,070	18,316	14,165
Finished goods	85,084	75,732	81,600
Inventory, net	$ 110,762	$ 105,258	$ 106,498

Summary of Significant Accoun28

Summary of Significant Accounting Policies - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 154,372	$ 136,416	$ 136,756
Less - Accumulated depreciation and amortization	(102,904)	(100,652)	(100,758)
Net property, plant and equipment	51,468	35,764	35,998
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment	7,052	5,838	5,818
Buildings, leasehold interests and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment	45,009	40,661	40,257
Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 102,311	$ 89,917	$ 90,681

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Numerator:
Net income	$ 5,952	$ 29,969	$ 1,901	$ 33,675
Denominator:
Weighted average shares outstanding for basic net income (loss) per common share (in shares)	9,116	9,082	9,105	9,070
Effect of dilutive stock options (in shares)	41	36	37	43
Adjusted weighted average shares outstanding for diluted net income (loss) per common share (in shares)	9,157	9,118	9,142	9,113
Basic net income per common share (in dollars per share)	$ 0.65	$ 3.30	$ 0.21	$ 3.71
Diluted net income per common share (in dollars per share)	$ 0.65	$ 3.29	$ 0.21	$ 3.70

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	Nov. 03, 2017	Dec. 13, 2016	Jul. 08, 2016	Dec. 31, 2017	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill				$ 26,070	$ 26,070	$ 19,916	$ 19,677	$ 26,070	$ 19,677
Depreciation expense					1,749		1,216	4,314	3,863
Gain on bargain purchases					0		$ 19,711	0	$ 20,087
Acquisition of Simplicity								6,154
Simplicity Creative Group
Business Acquisition [Line Items]
Payment to acquire business	$ 68,916
Transaction costs				3,243	3,243			3,243
Draw on revolving credit facility	60,000
Working capital adjustment	$ 1,799
Finalization period	135 days
Goodwill	$ 6,154
ARO asset acquired				1,163	1,163			1,163
ARO liability assumed				1,163	1,163			1,163
Depreciation expense					20			20
Accretion expense					20			20
Revenue since acquisition				14,912
Net loss since acquisition				2,216
Acquisition of Simplicity								6,154
The McCall Pattern Company
Business Acquisition [Line Items]
Payment to acquire business		$ 13,914
Transaction costs		1,484
Gain on bargain purchases		$ 33,625
Decrease in bargain purchase gain						$ 97
Lawrence Schiff Silk Mills, Inc.
Business Acquisition [Line Items]
Payment to acquire business			$ 1,125
Gain on bargain purchases			$ 1,501
Other long-term liabilities | Simplicity Creative Group
Business Acquisition [Line Items]
Asset retirement obligation				$ 1,183	$ 1,183			$ 1,183

Acquisitions - Assets Acquired

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Nov. 03, 2017	Mar. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Accounts receivable			$ 2,762
Inventory			32,206
Other assets			553
Total current assets			35,521
Property, plant and equipment			9,473
Intangible assets			4,900
Goodwill	$ 26,070		19,916	$ 19,677
Other			1,122
Total assets acquired			51,016
Current liabilities			5,328
Deferred tax liability			9,322
Long-term debt			516
Other long-term liabilities			724
Total liabilities assumed			15,890
Net assets acquired			$ 35,126
Simplicity Creative Group
Business Acquisition [Line Items]
Cash		$ 1,889
Accounts receivable		11,787
Inventory		31,651
Other assets		1,289
Total current assets		46,616
Property, plant and equipment		14,975
Intangible assets		22,282
Goodwill		6,154
Other		211
Total assets acquired		90,238
Current liabilities		16,782
Long-term debt		17
Other long-term liabilities		4,523
Total liabilities assumed		21,322
Net assets acquired		$ 68,916

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Business Combinations [Abstract]
Supplemental pro forma revenue	$ 140,086	$ 149,830	$ 332,044	$ 359,792
Supplemental pro forma earnings	$ 11,639	$ 11,367	$ 13,099	$ 17,841
Supplemental pro forma earnings per basic share (in dollars per share)	$ 1.28	$ 1.25	$ 1.44	$ 1.97
Supplemental pro forma earnings per diluted share (in dollars per share)	$ 1.27	$ 1.25	$ 1.43	$ 1.96

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 15, 2017	Aug. 11, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other long-term obligations			$ 11,019	$ 5,420	$ 11,019	$ 5,420	$ 3,771
Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to stock options and RSUs recognized			$ 583	517	$ 1,443	$ 1,266
Market-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate						1.20%
Volatility						33.08%
Dividend yield						2.99%
RSUs granted during the period (in shares)					0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate					2.21%	1.66%
Volatility					34.44%	35.12%
Dividend yield					2.90%	2.91%
Stock options granted during the period (in shares)					124,000	151,350
Weighted average fair value of stock options granted (in dollars per share)					$ 7.40	$ 6.25
Stock options outstanding (in shares)			600,200		600,200
Total unrecognized compensation cost related to non-vested stock option awards			$ 1,617		$ 1,617
Equity incentive plan, weighted average recognition period					2 years 8 months 4 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted during the period (in shares)					88,680	66,602
Weighted average fair value of restricted stock granted (in dollars per share)					$ 25.42	$ 21.47
RSUs outstanding (in shares)			209,205		209,205
Equity incentive plan, weighted average recognition period					2 years 4 months 17 days
Total unrecognized compensation cost related to non-vested RSUs			$ 2,502		$ 2,502
RSUs | Board of Directors Chairman
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted during the period (in shares)		10,000
Lump sum cash payment of RSUs converted	$ 266
Other long-term obligations				$ 186		$ 186	$ 210
2013 Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of grant					10 years
Shares available for grant (in shares)			517,368		517,368
2013 Equity Compensation Plan | Service-Based Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate percentage					25.00%
Award service period					1 year
Third Anniversary | 2013 Equity Compensation Plan | Service-Based RSUs | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate percentage					50.00%
Fourth Anniversary | 2013 Equity Compensation Plan | Service-Based RSUs | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate percentage					50.00%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Fair Value of Each Stock Option Granted Using Monte Carlo Simulation Model (Details) - Stock Options	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	2.21%	1.66%
Volatility	34.44%	35.12%
Dividend yield	2.90%	2.91%
Expected life of option	6 years 3 months	4 years 9 months

Derivative Financial Instrume35

Derivative Financial Instruments - Additional Information (Details) - Designated as Hedging Instrument - Foreign currency forward contracts - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Realized gain (loss) from foreign currency forward contracts	$ (28)	$ 51	$ (60)	$ 65
Notional amount of derivative contracts	1,355	$ 1,668	1,355	$ 1,668
Foreign currency forward contracts, unrealized gain (loss)	$ (12)		$ (12)

Derivative Financial Instrume36

Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Designated as Hedging Instrument | Foreign currency forward contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 12	$ 0

Intangible Assets - Goodwill Ro

Intangible Assets - Goodwill Rollforward (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2017USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 19,916
Acquisition of Simplicity	6,154
Ending balance	$ 26,070

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expense related to intangible assets	$ 1,130	$ 841	$ 2,811	$ 2,464
Tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived assets acquired			8,200
Customer lists
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived assets acquired			$ 10,200
Weighted average useful life			10 years
Favorable lease contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived assets acquired			$ 3,882
Weighted average useful life			6 years

Intangible Assets - Gross Carry

Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 84,089	$ 61,807	$ 61,807
Accumulated Amortization	20,739	17,928	17,088
Tradenames and trademarks
Acquired Indefinite-lived Intangible Assets [Line Items]
Gross Carrying Amount	28,153	19,953	19,953
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	49,957	39,757	39,757
Accumulated Amortization	18,998	16,495	15,718
Favorable lease contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,882	0	0
Accumulated Amortization	120	0	0
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,164	1,164	1,164
Accumulated Amortization	913	825	796
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	403	403	403
Accumulated Amortization	384	363	355
Non-compete
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	530	530	530
Accumulated Amortization	$ 324	$ 245	$ 219

Intangible Assets - Schedule of

Intangible Assets - Schedule of Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2017USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of fiscal 2018	$ 1,274
Fiscal 2,019	5,042
Fiscal 2,020	4,881
Fiscal 2,021	4,394
Fiscal 2,022	$ 4,297

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long term debt excluding current portion	$ 285	$ 456	$ 516
Capital Lease Obligations
Debt Instrument [Line Items]
Current portion of long term debt	161	75	74
Long term debt excluding current portion	138	194	214
Long term debt	299	269	288
Financed Computer Equipment
Debt Instrument [Line Items]
Current portion of long term debt	152	145	151
Long term debt excluding current portion	147	262	302
Long term debt	$ 299	$ 407	$ 453

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	9 Months Ended
	Dec. 31, 2017USD ($)executiveemployeeInsurancePolicy	Nov. 03, 2017USD ($)	Mar. 31, 2017USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of employees with SERP account balances | employee	4
Intangible assets			$ 4,900,000
Inventory			$ 32,206,000
Asset impairment	$ 0
Recurring Fair Value Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of life insurance policies | InsurancePolicy	2
Number of former executives | executive	2
Nonqualified Deferred Compensation Plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of compensation eligible to be deferred	50.00%
Simplicity Creative Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible assets		$ 22,282,000
Inventory		$ 31,651,000

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Recurring Fair Value Measurements - USD ($) $ in Thousands	Dec. 31, 2017	Mar. 31, 2017
Assets
Total assets	$ 2,389	$ 1,506
Liabilities
Total liabilities	711	364
Deferred compensation plans
Liabilities
Total liabilities	699	364
Foreign exchange contracts
Liabilities
Total liabilities	12
Marketable securities
Assets
Total assets	361	319
Cash surrender value of life insurance policies
Assets
Total assets	2,028	1,187
Quoted Prices In Active Markets for Identical Assets (Level 1)
Assets
Total assets	361	319
Liabilities
Total liabilities	699	364
Quoted Prices In Active Markets for Identical Assets (Level 1) | Deferred compensation plans
Liabilities
Total liabilities	699	364
Quoted Prices In Active Markets for Identical Assets (Level 1) | Foreign exchange contracts
Liabilities
Total liabilities	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Marketable securities
Assets
Total assets	361	319
Quoted Prices In Active Markets for Identical Assets (Level 1) | Cash surrender value of life insurance policies
Assets
Total assets	0	0
Significant Other Observable Inputs (Level 2)
Assets
Total assets	2,028	1,187
Liabilities
Total liabilities	12	0
Significant Other Observable Inputs (Level 2) | Deferred compensation plans
Liabilities
Total liabilities	0	0
Significant Other Observable Inputs (Level 2) | Foreign exchange contracts
Liabilities
Total liabilities	12
Significant Other Observable Inputs (Level 2) | Marketable securities
Assets
Total assets	0	0
Significant Other Observable Inputs (Level 2) | Cash surrender value of life insurance policies
Assets
Total assets	2,028	1,187
Significant Unobservable Inputs (Level 3)
Assets
Total assets	0	0
Liabilities
Total liabilities	0	0
Significant Unobservable Inputs (Level 3) | Deferred compensation plans
Liabilities
Total liabilities	0	0
Significant Unobservable Inputs (Level 3) | Foreign exchange contracts
Liabilities
Total liabilities	0
Significant Unobservable Inputs (Level 3) | Marketable securities
Assets
Total assets	0	0
Significant Unobservable Inputs (Level 3) | Cash surrender value of life insurance policies
Assets
Total assets	$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Income Tax Contingency [Line Items]
Income tax expense	$ 1,926	$ 4,248	$ 821	$ 6,515
Tax liability, current	805	$ 3,057	805	$ 3,057	$ 425
Tax Cuts and Jobs Act, Remeasurement Of Deferred Taxes
Income Tax Contingency [Line Items]
Income tax expense			3,147
Tax Cuts and Jobs Act, Reduced Federal Benefit Of State Income Tax Expense
Income Tax Contingency [Line Items]
Income tax expense			238
Tax Cuts and Jobs Act, One-Time Repatriation Tax
Income Tax Contingency [Line Items]
Income tax expense			2,721
Tax Cuts and Jobs Act, Transition Tax Liability
Income Tax Contingency [Line Items]
Tax liability	2,721		2,721
Tax liability, current	218		218
Tax liability, noncurrent	$ 2,503		$ 2,503

Recent Accounting Pronounceme45

Recent Accounting Pronouncements (Details) - ASU 2016-09 $ in Thousands	Mar. 31, 2017USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred tax assets	$ 1,059
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment	$ 1,059

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	9 Months Ended
	Dec. 31, 2017	Feb. 01, 2018
Nonamortizing Variable-Rate Deb
Subsequent Event [Line Items]
Debt outstanding	$ 48,431,000
Fixed interest rate	2.51%
Nonamortizing Variable-Rate Deb | Subsequent Event
Subsequent Event [Line Items]
Effective interest rate		3.53%
LIBOR | Nonamortizing Variable-Rate Deb
Subsequent Event [Line Items]
Variable rate	0.95%
Interest Rate Swap | Subsequent Event
Subsequent Event [Line Items]
Notional amount of derivative contracts		$ 40,000,000
Derivative fixed rate		2.575%