CSS Industries (CSS) 10-K 5 Jun 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2018	Jun. 01, 2018	Sep. 30, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	CSS INDUSTRIES INC
Entity Central Index Key	20,629
Document Type	10-K
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 255,661,557
Entity Common Stock, Shares Outstanding		9,119,746

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Current assets:
Cash and cash equivalents	$ 58,560,000	$ 47,693,000
Short-term investments	0	19,931,000
Accounts receivable, net of allowances of $1,576 and $1,283	63,083,000	48,814,000
Inventories	102,436,000	105,258,000
Prepaid expenses and other current assets	11,962,000	10,793,000
Total current assets	236,041,000	232,489,000
Net property, plant and equipment	52,126,000	35,764,000
Deferred income taxes	10,439,000	0
Goodwill	0	19,916,000
Intangible assets, net of accumulated amortization of $21,960 and $17,928	57,029,000	43,879,000
Other assets	9,553,000	7,146,000
Total assets	365,188,000	339,194,000
Current liabilities:
Current portion of long-term debt	228,000	220,000
Accounts payable	20,581,000	14,223,000
Accrued payroll and other compensation	11,496,000	7,884,000
Accrued customer programs	12,284,000	5,030,000
Accrued other expenses	14,751,000	9,026,000
Total current liabilities	59,340,000	36,383,000
Long-term debt, net of current portion	40,228,000	456,000
Deferred income taxes	1,639,000	4,430,000
Other long-term obligations	10,286,000	3,771,000
Total liabilities	111,493,000	45,040,000
Commitments and contingencies (Notes 9 and 11)
Stockholders’ equity:
Preferred stock, Class 2, $.01 par, 1,000,000 shares authorized, no shares issued	0	0
Common stock, $.10 par, 25,000,000 shares authorized, 14,703,084 shares issued at March 31, 2018 and 2017	1,470,000	1,470,000
Additional paid-in capital	58,877,000	57,997,000
Retained earnings	339,088,000	382,807,000
Accumulated other comprehensive income (loss), net of tax	1,163,000	(63,000)
Common stock in treasury, 5,583,338 and 5,616,319 shares, at cost	(146,903,000)	(148,057,000)
Total stockholders’ equity	253,695,000	294,154,000
Total liabilities and stockholders’ equity	$ 365,188,000	$ 339,194,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement of Financial Position [Abstract]
Allowances for accounts receivable	$ 1,576	$ 1,283
Accumulated amortization on intangible assets	$ 21,960	$ 17,928
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	14,703,084	14,703,084
Treasury stock, shares	5,583,338	5,616,319

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Net sales	$ 361,896,000	$ 322,431,000	$ 317,017,000
Cost of sales	269,067,000	229,342,000	214,746,000
Gross profit	92,829,000	93,089,000	102,271,000
Selling, general and administrative expenses	105,201,000	83,375,000	76,047,000
Impairment of goodwill and intangible assets	33,358,000	0	0
Operating income (loss)	(45,730,000)	9,714,000	26,224,000
Gain on bargain purchases	0	(19,990,000)	0
Interest expense (income), net	681,000	29,000	(112,000)
Other expense (income), net	(352,000)	(12,000)	(305,000)
Income (loss) before income taxes	(46,059,000)	29,687,000	26,641,000
Income tax expense (benefit)	(9,539,000)	1,183,000	9,405,000
Net income (loss)	$ (36,520,000)	$ 28,504,000	$ 17,236,000
Net income (loss) per common share:
Basic (in dollars per share)	$ (4.01)	$ 3.14	$ 1.88
Diluted (in dollars per share)	$ (4.01)	$ 3.13	$ 1.87
Weighted average shares outstanding:
Basic (in shares)	9,108	9,074	9,147
Diluted (in shares)	9,108	9,115	9,239
Comprehensive income (loss):
Net income (loss)	$ (36,520,000)	$ 28,504,000	$ 17,236,000
Other comprehensive income (loss), net of tax:
Currency translation adjustments	943,000	45,000	0
Pension and postretirement benefits	367,000	(46,000)	29,000
Fair value of interest rate swap agreements	(84,000)	0	0
Other comprehensive income (loss)	1,226,000	(1,000)	29,000
Comprehensive income (loss)	$ (35,294,000)	$ 28,503,000	$ 17,265,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income (loss)	$ (36,520,000)	$ 28,504,000	$ 17,236,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	10,487,000	8,477,000	8,308,000
Amortization of inventory step-up	17,881,000	3,577,000	0
Accretion of asset retirement obligation	51,000	0	0
Accretion of investment discount	(69,000)	(196,000)	(329,000)
Impairment of goodwill and intangible assets	33,358,000	0	0
Provision for accounts receivable allowances	4,035,000	5,188,000	2,712,000
Deferred tax provision (benefit)	(14,125,000)	(1,608,000)	1,868,000
Share-based compensation expense	1,938,000	1,653,000	1,654,000
Gain on bargain purchases	0	(19,990,000)	0
(Gain) loss on sale or disposal of assets	(12,000)	88,000	(120,000)
Changes in assets and liabilities, net of effects of purchase of businesses:
Accounts receivable	(6,409,000)	(6,095,000)	(4,268,000)
Inventories	16,082,000	(3,607,000)	(4,674,000)
Prepaid expenses and other assets	(273,000)	2,506,000	(4,627,000)
Accounts payable	(220,000)	(1,153,000)	539,000
Accrued expenses and long-term obligations	5,164,000	(2,473,000)	(3,176,000)
Net cash provided by operating activities	31,368,000	14,871,000	15,123,000
Cash flows from investing activities:
Maturities of investment securities	20,000,000	60,000,000	95,000,000
Purchase of held-to-maturity investment securities	0	(19,928,000)	(84,632,000)
Purchase of businesses, net of cash received of $1,889 in 2018	(65,228,000)	(15,039,000)	(19,545,000)
Purchase of property, plant and equipment	(7,291,000)	(4,957,000)	(6,411,000)
Purchase of company owned life insurance policy	(750,000)	0	0
Purchase of intangibles	0	(100,000)	0
Proceeds from sale of assets	36,000	311,000	1,530,000
Net cash (used for) provided by investing activities	(53,233,000)	20,287,000	(14,058,000)
Cash flows from financing activities:
Borrowings on revolving credit facility	87,476,000	0	0
Repayments on revolving credit facility	(47,476,000)	0	0
Payments on long-term debt	(220,000)	(65,000)	0
Dividends paid	(7,293,000)	(7,273,000)	(6,764,000)
Purchase of treasury stock	0	0	(11,274,000)
Proceeds from exercise of stock options	201,000	123,000	770,000
Payments for tax withholding on net restricted stock settlements	0	(527,000)	(520,000)
Tax effect of stock awards	0	286,000	221,000
Net cash provided by (used for) financing activities	32,688,000	(7,456,000)	(17,567,000)
Effect of exchange rate changes on cash	44,000	64,000	0
Net increase (decrease) in cash and cash equivalents	10,867,000	27,766,000	(16,502,000)
Cash and cash equivalents at beginning of period	47,693,000	19,927,000	36,429,000
Cash and cash equivalents at end of period	$ 58,560,000	$ 47,693,000	$ 19,927,000

Consolidated Statements of Cas6

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Statement of Cash Flows [Abstract]
Less cash acquired	$ 1,889	$ 0	$ 0

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury
Beginning Balance at Mar. 31, 2015	$ 270,255	$ 1,470	$ 54,399	$ 356,467	$ (91)	$ (141,990)
Beginning Balance, shares at Mar. 31, 2015		(14,703,084)				(5,359,334)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	1,654		1,654
Issuance of common stock upon exercise of stock options	770			(895)		$ 1,665
Issuance of common stock upon exercise of stock options, shares						47,560
Issuance of common stock under equity plan	(520)			(2,014)		$ 1,494
Issuance of common stock under equity plan, shares						38,744
Purchase of treasury shares	$ (11,274)					$ (11,274)
Purchase of treasury shares, shares	(397,789)					(397,789)
Tax effect of stock awards	$ 221		221
Reduction of deferred tax assets due to expired stock options	(117)		(117)
Cash dividends	(6,764)			(6,764)
Other comprehensive income (loss)	29				29
Net income (loss)	17,236			17,236
Ending Balance at Mar. 31, 2016	271,490	$ 1,470	56,157	364,030	(62)	$ (150,105)
Ending Balance, shares at Mar. 31, 2016		(14,703,084)				(5,670,819)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	1,653		1,653
Issuance of common stock upon exercise of stock options	123			(373)		$ 496
Issuance of common stock upon exercise of stock options, shares						14,177
Issuance of common stock under equity plan	$ (527)			(2,079)		$ 1,552
Issuance of common stock under equity plan, shares						40,323
Purchase of treasury shares, shares	0
Tax effect of stock awards	$ 286		286
Reduction of deferred tax assets due to expired stock options	(99)		(99)
Cash dividends	(7,275)			(7,275)
Other comprehensive income (loss)	(1)				(1)
Net income (loss)	28,504			28,504
Ending Balance at Mar. 31, 2017	294,154	$ 1,470	57,997	382,807	(63)	$ (148,057)
Ending Balance, shares at Mar. 31, 2017		(14,703,084)				(5,616,319)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	1,939		1,939
Issuance of common stock upon exercise of stock options	$ 201			(346)		$ 547
Issuance of common stock upon exercise of stock options, shares	29,775					15,629
Issuance of common stock under equity plan	$ 0			(607)		$ 607
Issuance of common stock under equity plan, shares						17,352
Purchase of treasury shares, shares	0
Cash dividends	$ (7,305)			(7,305)
Other comprehensive income (loss)	1,226				1,226
Net income (loss)	(36,520)
Ending Balance at Mar. 31, 2018	$ 253,695	$ 1,470	58,877	339,088	$ 1,163	$ (146,903)
Ending Balance, shares at Mar. 31, 2018		(14,703,084)				(5,583,338)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of change in accounting principle			$ (1,059)	$ 1,059

Consolidated Statements of Sto8

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share (in dollars per share)	$ 0.80	$ 0.8	$ 0.74

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2018
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’s fiscal year ends on March 31. References to a particular year refer to the fiscal year ending in March of that year. For example fiscal 2018 refers to the fiscal year ended March 31, 2018 . Principles of Consolidation The consolidated financial statements include the accounts of CSS Industries, Inc. and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Nature of Business CSS is a creative consumer products company, focused on the seasonal, gift and craft categories. For these design-driven categories, the Company engages in the creative development, manufacture, procurement, distribution and sale of our products with an omni-channel approach focused primarily on mass market retailers. Seasonal The seasonal category includes gift packaging items such as ribbon, bows, greeting cards, wrapping paper, bags, boxes, tags and gift card holders, in addition to specific holiday-themed decorations, accessories, and activities, such as Easter egg dyes and novelties and Valentine's Day classroom exchange cards. These products are sold to mass market retailers, and production forecasts for these products are generally known well in advance of shipment. Gift The gift category (formerly described by the Company as its celebrations category) includes products designed to celebrate certain life events or special occasions, such as weddings, birthdays, anniversaries, graduations, or the birth of a child. 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 primarily sold into mass and specialty retailers, floral and packaging wholesalers and distributors, and are generally ordered on a replenishment basis throughout the year. Craft The craft category 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. CSS’ product breadth provides its retail customers the opportunity to use a single vendor for much of their seasonal, gift and craft product requirements. A substantial portion of CSS’ products are manufactured, packaged and/or warehoused in facilities located in the United States, the United Kingdom and Australia, with the remainder purchased primarily from manufacturers in Asia and Mexico. The Company also has a manufacturing facility in India that produces certain craft products, including trims, braids and tassels, and also has a distribution facility in India. The Company’s products are sold to its customers by national and regional account sales managers, sales representatives, product specialists and by a network of independent manufacturers’ representatives. CSS maintains purchasing offices in Hong Kong and China to administer Asian sourcing opportunities. As further discussed in Note 2 to the consolidated financial statements, the Company acquired substantially all of the net assets and business of Simplicity Creative Group ("Simplicity") on November 3, 2017. Of its 2,000 employees (increasing to approximately 2,075 as seasonal employees are added), there are 80 employees that are represented by a labor union. The collective bargaining agreement with the labor union representing the production and maintenance employees in Hagerstown, Maryland remains in effect until December 31, 2020 . Historically, we have been successful in renegotiating expiring agreements without any disruption of operating activities. 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 year-end exchange rates and all income and expense accounts at average rates during the year. 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 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. Held-to-maturity securities were recorded at amortized cost which approximated fair market value at March 31, 2017 . This categorization was based upon the Company's positive intent and ability to hold these securities until maturity. Short-term investments at March 31, 2017 consisted of commercial paper with an amortized cost of $19,931,000 and matured in fiscal 2018 . There were no short-term investments at March 31, 2018 . Accounts Receivable The Company offers seasonal dating programs related to certain seasonal product offerings pursuant to which customers that qualify for such programs are offered extended payment terms. With some exceptions, customers do not have the right to return product except for reasons the Company believes are typical of our industry, including damaged goods, shipping errors or similar occurrences. The Company generally is not required to repurchase products from its customers, nor does the Company have any regular practice of doing so. In addition, the Company mitigates its exposure to bad debts by evaluating the creditworthiness of its major customers, utilizing established credit limits, and purchasing credit insurance when appropriate and available on terms satisfactory to the Company. Bad debt and returns and allowances reserves are recorded as an offset to accounts receivable while reserves for customer programs are recorded as accrued liabilities. The Company evaluates accounts receivable related reserves and accruals monthly by specifically reviewing customers’ creditworthiness, historical recovery percentages and outstanding customer deductions and program arrangements. Customer account balances are charged off against the allowance reserve after reasonable means of collection have been exhausted and the potential for recovery is considered unlikely. 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 or net realizable value. The remaining portion of the inventory is valued at the lower of last-in, first-out (LIFO) cost or net realizable value, which was $98,000 and $134,000 at March 31, 2018 and 2017 , respectively. Had all inventories been valued at the lower of FIFO cost or market, inventories would have been greater by $524,000 and $578,000 at March 31, 2018 and 2017 , respectively. Inventories consisted of the following (in thousands): March 31, 2018 2017 Raw material $ 11,602 $ 11,210 Work-in-process 17,809 18,316 Finished goods 73,025 75,732 $ 102,436 $ 105,258 Finished goods inventory includes $ 18,720,000 and $ 18,417,000 of inventory on consignment at March 31, 2018 and 2017 , respectively. 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 dates of acquisition. This was a result of the inventory acquired being marked up to estimated fair value in purchase accounting and is recognized through cost of sales as the inventory turns. The amount of step-up to fair value of the acquired inventory remaining as of March 31, 2018 and 2017 was $ 10,683,000 and $18,187,000 , respectively. The Company expects the acquired McCall inventory to be sold through the second quarter of fiscal 2019 and the acquired Simplicity inventory to be sold through the first quarter of fiscal 2020. See Note 2 to the consolidated financial statements for further discussion of the McCall and Simplicity acquisitions. Property, Plant and Equipment Property, plant and equipment are stated at cost and include the following (in thousands): March 31, 2018 2017 Land $ 7,100 $ 5,838 Buildings, leasehold interests and improvements 45,164 40,661 Machinery, equipment and other 104,497 89,917 156,761 136,416 Less – Accumulated depreciation and amortization (104,635 ) (100,652 ) Net property, plant and equipment $ 52,126 $ 35,764 Depreciation is provided generally on the straight-line method and is based on estimated useful lives or terms of leases as follows: Buildings, leasehold interests and improvements Lease term to 45 years Machinery, equipment and other 3 to 15 years When property is retired or otherwise disposed of, the related cost and accumulated depreciation and amortization are eliminated from the consolidated balance sheet. Any gain or loss from the disposition of property, plant and equipment is included in other expense (income), net. Maintenance and repairs are expensed as incurred while improvements are capitalized and depreciated over their estimated useful lives. With the acquisition of McCall, there were assets acquired under capital lease obligations. Depreciation expense was $6,455,000 , $5,173,000 and $5,643,000 for the years ended March 31, 2018 , 2017 and 2016 , respectively. The Company maintains various operating leases and records rent expense on a straight-line basis over the lease term. See Note 9 for further discussion. Impairment of Long-Lived Assets including Goodwill, Other Intangible Assets and Property, Plant and Equipment When a company is acquired, the difference between the fair value of its net assets, including intangibles, and the purchase price is recorded as goodwill. Goodwill is subject to an assessment for impairment which must be performed at least annually or more frequently if events or circumstances indicate that goodwill might be impaired. Effective April 1, 2017, the Company early adopted Accounting Standards Update 2017-04, "Simplifying the Test for Goodwill Impairment," ("ASU 2017-04"), which replaced the two-step impairment test for goodwill with a one-step test that both identifies and measures goodwill impairment. Under ASU 2017-04, entities still have the option to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the quantitative goodwill impairment test is not necessary. However, if an entity concludes otherwise, then it is required to perform the quantitative goodwill impairment test, which identifies both the existence of impairment and the amount of impairment loss by comparing the fair value of the reporting unit with its carrying value. If the carrying amount of the reporting unit exceeds the fair value, an impairment loss shall be recognized in an amount equal to that excess. Additionally, an entity shall consider the income tax effect from any tax deductible goodwill on the carrying value of the reporting unit when measuring the impairment loss. The Company uses a dual approach including both a market approach and an income approach. The market approach computes fair value using a multiple of earnings before interest, income taxes, depreciation and amortization which was developed considering both the multiples of recent transactions as well as trading multiples of consumer products companies. The income approach is based on the present value of discounted cash flows and a terminal value projected for the reporting unit. The income approach requires significant judgments including the Company’s projected net cash flows, the weighted average cost of capital (“WACC”) used to discount the cash flows and terminal value assumptions. The projected net cash flows are derived using the next fiscal year budget and multi-year strategic plan of the Company for the reporting unit. The WACC rate is based on an average of the capital structure, cost of capital and inherent business risk profiles of the Company. Additionally, the Company uses quoted market prices in active markets as the basis for measurement of fair value with consideration given to a control premium. We believe the use of multiple valuation techniques results in a more accurate indicator of the fair value of each reporting unit. The Company then corroborates the reasonableness of the total fair value of the reporting units by reconciling the aggregate fair values of the reporting units to the Company’s total market capitalization adjusted to include an estimated control premium. The estimated control premium is derived from reviewing observable transactions involving the purchase of controlling interests in comparable companies. The market capitalization is calculated using the relevant shares outstanding and an average closing stock price which considers volatility around the test date. The exercise of reconciling the market capitalization to the computed fair value further supports the Company’s conclusion on the fair value. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss would be reported. The Company performs its required annual assessment as of the fiscal year end. Changes to our judgments regarding assumptions and estimates could result in a significantly different estimate of the fair market value of the reporting units. Effective April 1, 2017, the Company combined its four former operating segments, which represented our one historical reportable segment, into one operating segment which reflects the manner in which our chief operating decision maker reviews operating performance and allocates resources. This was a result of the change in the Company's strategy to a One CSS structure and reflects how the businesses are now managed and operating results are assessed. Effective with the change from four operating segments and reporting units to one , the Company evaluated whether there was an impairment as of April 1, 2017 and concluded that there was no impairment based on the assessment that was performed as of March 31, 2017 which was reconciled to the Company’s market capitalization as of March 31, 2017. Other indefinite lived intangible assets consist primarily of tradenames which are also required to be tested annually for impairment. An entity has the option to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. To perform a qualitative assessment, an entity must identify and evaluate changes in economic, industry and entity-specific events and circumstances that could affect the significant inputs used to determine the fair value of an indefinite-lived intangible asset. If the result of the qualitative analysis indicates it is more likely than not that an indefinite-lived intangible asset is impaired, a more detailed fair value calculation will need to be performed which is used to identify potential impairments and to measure the amount of impairment losses to be recognized, if any. The fair value of the Company’s tradenames is calculated using a “relief from royalty payments” methodology. This approach involves first estimating reasonable royalty rates for each trademark then applying these royalty rates to a net sales stream and discounting the resulting cash flows to determine the fair value. The royalty rate is estimated using both a market and income approach. The market approach relies on the existence of identifiable transactions in the marketplace involving the licensing of tradenames similar to those owned by the Company. The income approach uses a projected pretax profitability rate relevant to the licensed income stream. We believe the use of multiple valuation techniques results in a more accurate indicator of the fair value of each tradename. This fair value is then compared with the carrying value of each tradename. 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. 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. In the fourth quarter of fiscal 2018, the Company performed the required annual impairment test of the carrying amount of goodwill and indefinite lived intangible assets. The decline in the Company's trading price of its common stock at and around the end of fiscal 2018, and related decrease in the Company's market capitalization, was determined to be a triggering event for potential goodwill impairment. Accordingly, the Company also performed an assessment of its other long-lived assets for impairment. Refer to Note 3 for the results of the annual impairment testing performed in fiscal 2018. The Company determined that no impairment of intangible assets existed in fiscal 2017 or in fiscal 2016 . Derivative Financial Instruments The Company uses certain derivative financial instruments as part of its risk management strategy to reduce interest rate and foreign currency risk. Derivatives are not used for trading or speculative activities. The Company recognizes all derivatives on the consolidated balance sheet at fair value. On the date the derivative instrument is entered into, the Company generally designates the derivative as either (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), or (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”). Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a fair value hedge, along with the gain or loss on the hedged asset or liability that is attributable to the hedged risk, are recorded in current period earnings. Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a cash flow hedge are recorded in accumulated other comprehensive income and reclassified into earnings as the underlying hedged item affects earnings. The portion of the change in fair value of a derivative associated with hedge ineffectiveness or the component of a derivative instrument excluded from the assessment of hedge effectiveness is recorded currently in earnings. Also, changes in the entire fair value of a derivative that is not designated as a hedge are recorded immediately in earnings. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedge transactions. This process includes relating all derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the consolidated balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the inception of the hedge and on an ongoing basis, whether each derivative is highly effective in offsetting changes in fair values or cash flows of the hedged item. If it is determined that a derivative is not highly effective as a hedge or if a derivative ceases to be a highly effective hedge, the Company will discontinue hedge accounting prospectively. The Company enters into foreign currency forward contracts in order to reduce the impact of certain foreign currency fluctuations. Firmly committed transactions and the related receivables and payables 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 $108,000 was recorded in the fiscal year ended March 31, 2018 and realized gains of $56,000 and $151,000 were recorded in the fiscal year ended March 31, 2017 and 2016 , respectively. There were no open foreign currency forward exchange contracts as of March 31, 2018 and 2017 . On February 1, 2018, the Company entered into an interest rate swap agreement with a term of five years to manage its exposure to interest rate movements by effectively converting a portion of its anticipated working capital debt from variable to fixed rates. The notional amount of the interest rate swap contract subject to fixed rates was $40,000,000 in fiscal 2018. Fixed interest rate payments were at a weighted average rate of 2.575% in fiscal 2018. Interest rate differentials paid under this agreement were recognized as adjustments to interest expense and were $60,000 for the year ended March 31, 2018. This interest rate swap effectively converts $40,000,000 of the Company's variable-rate debt into fixed-rate debt with an effective interest rate of 3.525% ( 2.575% fixed + .95% spread) through the expiration of the Company's credit facility in March 2020. There were no interest rate swap agreements in fiscal 2017. Interest Expense (Income) Interest expense was $904,000 , $298,000 and $288,000 in the years ended March 31, 2018 , 2017 and 2016 , respectively. Interest income was $223,000 , $269,000 and $400,000 in the years ended March 31, 2018 , 2017 and 2016 , respectively. 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 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. See Note 7 for further discussion. Revenue Recognition Revenue is recognized from most product sales when goods are shipped, title and risk of loss have been transferred to the customer and collection is reasonably assured. The Company has certain limited 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. The Company records estimated reductions to revenue for customer programs, which may include special pricing agreements for specific customers, volume incentives and other promotions. In limited cases, the Company may provide the right to return product as part of its customer programs with certain customers. The Company also records estimated reductions to revenue, based primarily on historical experience, for customer returns and chargebacks that may arise as a result of shipping errors, product damaged in transit or for other reasons that become known subsequent to recognizing the revenue. These provisions are recorded in the period that the related sale is recognized and are reflected as a reduction from gross sales. The related reserves are shown as a reduction of accounts receivable, except for reserves for customer programs which are shown as a current or long term liability. If the amount of actual customer returns and chargebacks were to increase or decrease significantly from the estimated amount, revisions to the estimated allowance would be required. Product Development Costs Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. For seasonal products, the Company typically begins to incur product development costs 18 to 20 months before the applicable holiday event. These costs are amortized monthly over the selling season, which is generally within two to four months of the holiday event. Development costs related to gift and craft products are incurred within a period beginning six to nine months prior to the applicable sales period. These costs generally are amortized over a six to twelve month selling period. The expense of certain product development costs that are related to the manufacturing process are recorded in cost of sales while the portion that relates to creative and selling efforts are recorded in selling, general and administrative expenses. Product development costs capitalized as of March 31, 2018 were $3,835,000 , of which $ 3,350,000 was recorded in other current assets and $ 485,000 was recorded in other long-term assets in the consolidated financial statements. Product development costs capitalized as of March 31, 2017 were $4,116,000 , of which $3,636,000 was recorded in prepaid expenses and other current assets and $480,000 was recorded in other long-term assets in the consolidated financial statements. Product development expense of $8,296,000 , $8,268,000 and $6,902,000 was recognized in the years ended March 31, 2018 , 2017 and 2016 , respectively. Shipping and Handling Costs Shipping and handling costs are reported in cost of sales in the consolidated statements of operations. Share-Based Compensation Share-based compensation cost is estimated at the grant date based on a fair-value model. Calculating the fair value of share-based awards at the grant date requires judgment, including estimating stock price volatility and expected option life. The Company uses the Black-Scholes option valuation model to value service-based stock options and uses Monte Carlo simulation to value performance-based stock options and restricted stock units. The fair value of each service-based restricted stock unit is 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 Company estimates stock price volatility based on historical volatility of its common stock. Estimated option life assumptions are also derived from historical data. Had the Company used alternative valuation methodologies and assumptions, compensation cost for share-based payments could be significantly different. The Company recognizes compensation cost over the stated vesting period consistent with the terms of the arrangement (i.e. either on a straight-line or graded-vesting basis). Net Income (Loss) Per Common Share The following table sets forth the computation of basic net income (loss) per common share and diluted net income (loss) per common share for the years ended March 31, 2018 , 2017 and 2016 . For the Years Ended March 31, 2018 2017 2016 (in thousands, except per share amounts) Numerator: Net income (loss) $ (36,520 ) $ 28,504 $ 17,236 Denominator: Weighted average shares outstanding for basic income (loss) per common share 9,108 9,074 9,147 Effect of dilutive stock options — 41 92 Adjusted weighted average shares outstanding for diluted income (loss) per common share 9,108 9,115 9,239 Basic net income (loss) per common share $ (4.01 ) $ 3.14 $ 1.88 Diluted net income (loss) per common share $ (4.01 ) $ 3.13 $ 1.87 The Company has excluded 495,000 shares, 505,175 shares, and 253,000 shares, consisting of outstanding stock options and unearned restricted stock units, in computing diluted net income (loss) per common share for the years ended March 31, 2018 , 2017 and 2016 , respectively, because their effects were antidilutive. Statements of Cash Flows For purposes of the consolidated statements of cash flows, the Company considers all holdings of highly liquid investments with a maturity at time of purchase of three months or less to be cash equivalents. Supplemental Schedule of Cash Flow Information For the Years Ended March 31, 2018 2017 2016 (in thousands) Cash paid during the year for: Interest $ 511 $ 264 $ 210 Income taxes $ 1,484 $ 2,270 $ 9,736 Details of acquisitions: Fair value of assets acquired $ 92,666 $ 50,445 $ 20,796 Liabilities assumed 23,049 15,416 1,251 Net assets acquired 69,617 35,029 19,545 Amount due seller 2,500 — — Cash paid 67,117 35,029 19,545 Less cash acquired 1,889 — — Less gain on bargain purchases — 19,990 — Net cash paid for acquisitions $ 65,228 $ 15,039 $ 19,545

Business Acquisitions

Business Acquisitions	12 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
BUSINESS ACQUISITIONS	BUSINESS ACQUISITIONS On November 3, 2017, the Company completed the acquisition of substantially all of the net assets and business of Simplicity Creative Group from Wilton Brands LLC ("Wilton") for a total consideration of $ 69,617,000 and transaction costs of approximately $ 3,411,000 . 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 a working capital adjustment due to Wilton of $ 2,500,000 , which is recorded in other current liabilities in the accompanying consolidated balance sheet and was paid on April 4, 2018. 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 $ 9,642,000 was recorded as goodwill. This goodwill was subsequently written off as a result of the Company’s annual impairment testing performed in the fourth quarter of fiscal 2018 as further described in Note 3. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition in fiscal 2018 (in thousands): Cash $ 1,889 Accounts receivable 11,787 Inventory 30,804 Other assets 1,460 Total current assets 45,940 Property, plant and equipment 15,188 Intangible assets 20,982 Goodwill 9,642 Other 914 Total assets acquired 92,666 Current liabilities 16,912 Deferred tax liability 840 Other long-term obligations 5,297 Total liabilities assumed 23,049 Net assets acquired $ 69,617 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 fiscal 2018 , the impact of the asset retirement obligation included $ 62,000 of depreciation expense and $ 51,000 of accretion expense. The asset retirement obligation of $ 1,214,000 is included in other long-term obligations as of March 31, 2018 . The financial results of Simplicity, from the acquisition date of November 3, 2017, are included in the Company's results of operations for the year ended March 31, 2018. For the period from acquisition through March 31, 2018, Simplicity contributed approximately $35,581,000 of revenue and resulted in a net loss of approximately $11,329,000 (due to the pre-tax impairment of goodwill of $9,642,000 , pre-tax recognition of inventory step-up of $4,544,000 recorded in cost of sales, and pre-tax acquisition costs of approximately $ 3,411,000 , which are included in selling, general and administrative expenses, in the year ended March 31, 2018). 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 ("McCall"), for approximately $13,914,000 in cash plus transaction costs of approximately $ 1,484,000 . McCall designs, manufactures, and sells home 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 $ 33,528,000 exceeding the amount paid. 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 551 Total assets acquired 50,445 Current liabilities 5,328 Deferred tax liability 9,419 Long-term debt 516 Other long-term obligations 153 Total liabilities assumed 15,416 Net assets acquired $ 35,029 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 $ 19,990,000 in the fiscal year ended March 31, 2017. The following table summarizes the revenue and earnings of the Company had the date of these acquisitions been April 1, 2016 (unaudited and in thousands): For the Years Ended March 31, 2018 2017 Supplemental pro forma revenue $ 413,577 $ 440,676 Supplemental pro forma earnings (1) $ (18,131 ) $ 15,465 Supplemental pro forma earnings per basic share (1) $ (1.99 ) $ 1.70 Supplemental pro forma earnings per diluted share (1) $ (1.99 ) $ 1.70 (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.

Goodwill, Other Intangible Asse

Goodwill, Other Intangible Assets and Long-Lived Assets	12 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL, OTHER INTANGIBLE ASSETS AND LONG-LIVED ASSETS	GOODWILL, OTHER INTANGIBLE ASSETS AND LONG-LIVED ASSETS The following table shows changes in goodwill for the fiscal year ended March 31, 2017 and 2018 (in thousands): Balance as of March 31, 2016 $ 19,974 Decrease in goodwill - Blumenthal (58 ) Balance as of March 31, 2017 19,916 Acquisition of Simplicity 9,642 Impairment charge (29,558 ) Balance as of March 31, 2018 $ — The change in the gross carrying amount of other intangible assets for the year ended March 31, 2017 and 2018 is as follows (in thousands): Tradenames and Trademarks Customer Relationships Favorable Lease Contracts Balance as of March 31, 2016 $ 15,553 $ 39,157 $ — Acquisition of McCall 4,400 — — Acquisition of Schiff — 500 — Purchase of customer lists — 100 — Balance as of March 31, 2017 19,953 39,757 — Acquisition of Simplicity 8,200 8,900 3,882 Impairment charge (3,800 ) — — Balance as of March 31, 2018 $ 24,353 $ 48,657 $ 3,882 With the acquisition of Simplicity, the Company recorded intangible assets relating to tradenames that are not subject to amortization of $ 8,200,000 . Additionally, the Company recorded $ 8,900,000 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 four years. With the acquisition of the McCall business, the Company recorded intangible assets relating to tradenames that are not subject to amortization of $4,400,000 . Additionally, the Company recorded customer lists of $500,000 with the acquisition of the Schiff business that are being amortized over five years and customer lists of $100,000 purchased from a third party which are being amortized over two years . The gross carrying amount and accumulated amortization of other intangible assets as of March 31, 2018 and 2017 is as follows (in thousands): March 31, 2018 March 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Tradenames and trademarks $ 24,353 $ — $ 19,953 $ — Customer relationships 48,657 19,976 39,757 16,495 Favorable lease contracts 3,882 299 — — Patents 1,164 941 1,164 825 Trademarks 403 393 403 363 Covenants not to compete 530 351 530 245 $ 78,989 $ 21,960 $ 61,807 $ 17,928 The weighted-average amortization period of customer relationships, patents, trademarks and covenants not to compete are 13 years, 10 years, 10 years, and 5 years, respectively. Amortization expense was $4,032,000 for fiscal 2018 , $3,304,000 for fiscal 2017 , and $2,665,000 for fiscal 2016 . The estimated amortization expense for the next five fiscal years is as follows (in thousands): 2019 $ 4,912 2020 4,751 2021 4,264 2022 4,167 2023 3,451 At March 31, 2018 and 2017, the Company had zero and $ 19,916,000 of goodwill, respectively. In connection with the Company's review of the recoverability of its goodwill for the fiscal year ended March 31, 2018 , the Company determined that a triggering event occurred due to the decline in the Company's trading price of its common stock at and around the end of fiscal 2018 and related decrease in the Company's market capitalization. Given this circumstance, the Company bypassed the option to assess qualitative factors to determine the existence of impairment and proceeded directly to the quantitative goodwill impairment test. Based on the results of its impairment test, the Company recorded an impairment charge of $ 29,558,000 , which was the carrying amount of its goodwill immediately before the charge. The Company determined that no impairment of goodwill existed in fiscal 2017 or 2016. During the fourth quarter annual impairment test of indefinite-lived intangibles performed in fiscal 2018, the Company determined that the carrying value of the C.R. Gibson tradename exceeded its fair value. The Company recorded a non-cash tradename impairment charge of $3,800,000 related to the C.R. Gibson tradename. The Company determined that no impairment of indefinite-lived intangible assets existed in fiscal 2017 or 2016 . The Company assesses the impairment of long-lived assets, including identifiable intangible assets subject to amortization and property and plant and equipment, whenever events or changes in circumstances indicate the carrying value may not be recoverable. Factors the Company considers important that could trigger an impairment review include significant changes in the use of any assets, changes in historical trends in operating performance, changes in projected operating performance, stock price, loss of a major customer and significant negative economic trends. The decline in the Company's trading price of its common stock at and around the end of fiscal 2018, and related decrease in the Company's market capitalization, was determined to be a triggering event in connection with the Company's review of the recoverability of its long-lived assets for the fiscal year ended March 31, 2018. The Company performed a recoverability test during the fourth quarter of fiscal 2018 using an undiscounted cash flow approach and determined that the carrying value of long-lived assets are recoverable and not impaired. In connection with the Company’s review of the recoverability of its long-lived assets subject to amortization for the fiscal years ended March 31, 2017 and 2016 , no circumstances were identified that indicated the carrying value of the assets may not be recoverable and there was no impairment of assets recorded in fiscal 2017 or 2016 .

Treasury Stock Transactions

Treasury Stock Transactions	12 Months Ended
	Mar. 31, 2018
Equity [Abstract]
TREASURY STOCK TRANSACTIONS	TREASURY STOCK TRANSACTIONS On March 4, 2016, the Company agreed to purchase, under its stock repurchase program, 45,000 shares of its common stock from a charitable foundation of which the Company's former Chairman of the Board, who retired as a director and officer of the Company on July 28, 2015, is a founder, director and officer. The purchase price was lower than the closing market price on the preceding trading day. The transaction was approved by the Company's Board of Directors on March 4, 2016 and completed on March 8, 2016. The total amount of this transaction was $1,274,000 . Under a stock repurchase program authorized by the Company’s Board of Directors, the Company repurchased 397,789 shares (inclusive of the 45,000 shares described above) of the Company’s common stock for $11,274,000 (inclusive of the $1,274,000 described above) in fiscal 2016. There were no repurchases of the Company's common stock by the Company during fiscal 2018 and 2017. As of March 31, 2018 , the Company had 303,166 shares remaining available for repurchase under the Board’s authorization.

Share-Based Plans

Share-Based Plans	12 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED PLANS	SHARE-BASED PLANS On July 30, 2013, the Company's stockholders approved the CSS Industries, Inc. 2013 Equity Compensation Plan (" 2013 Plan "). Under the terms of the Company's 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. The Human Resources Committee of the Company's Board of Directors ("Board"), or other committee appointed by the Board (collectively with the Human Resources Committee, the "2013 Equity Plan Committee") approves grants to officers and other employees, and the Board approves grants to 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 2013 Equity Plan Committee, but in no event greater than ten years from the date of grant, and at the date of grant the 2013 Equity Plan Committee has discretion to determine the date or dates on which granted options become exercisable. Service-based options outstanding as of March 31, 2018 become exercisable at the rate of 25% per year commencing one year after the date of grant. Market-based stock options outstanding as of March 31, 2018 , will 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 at March 31, 2018 vest on July 30, 2018. Market-based RSUs outstanding at March 31, 2018 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 March 31, 2018 , there were 591,068 shares available for grant. Compensation cost is recognized over the stated vesting period consistent with the terms of the arrangement (i.e. either on a straight-line or graded-vesting basis). Stock Options Activity and related information pertaining to stock options for the year ended March 31, 2018 was as follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at April 1, 2017 554,575 $ 26.05 Granted 124,000 27.52 Exercised (29,775 ) 19.26 Forfeited/canceled (111,000 ) 28.08 Outstanding at March 31, 2018 537,800 $ 26.35 4.8 years $ — Exercisable at March 31, 2018 174,887 $ 25.22 2.8 years $ — Expected to vest at March 31, 2018 299,445 $ 27.39 6.4 years $ — The Company issues treasury shares for stock option exercises. The cash flows resulting from the tax benefits from tax deductions in excess of the compensation cost recognized for those share awards (referred to as excess tax benefits) are presented as operating cash flows in the consolidated statement of cash flows. The fair value of each stock option granted was estimated on the date of grant using the Black-Scholes option valuation model with the following average assumptions: For the Years Ended March 31, 2018 2017 2016 Expected dividend yield at time of grant 2.91 % 2.91 % 2.58 % Expected stock price volatility 34 % 35 % 37 % Risk-free interest rate 2.21 % 1.66 % 1.92 % Expected life of option (in years) 6.3 4.8 4.6 Expected volatilities are based on historical volatility of the Company’s common stock. The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant. The expected option life reflects the average of the contractual term of the options and the weighted-average vesting period for all option tranches. The weighted average fair value of stock options granted during fiscal 2018 , 2017 and 2016 was $7.40 , $6.25 and $7.24 , per share, respectively. The total intrinsic value of options exercised during the years ended March 31, 2018 , 2017 and 2016 was $217,000 , $253,000 and $428,000 , respectively. The total fair value of stock options vested during fiscal 2018 , 2017 and 2016 was $850,000 , $1,048,000 and $909,000 . As of March 31, 2018 , there was $1,439,000 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 2.5 years. Compensation cost related to stock options recognized in operating results (included in selling, general and administrative expenses) was $628,000 , $666,000 , and $872,000 in the years ended March 31, 2018 , 2017 and 2016 , respectively, and the associated future income tax benefit recognized was $159,000 , $256,000 , and $331,000 in the years ended March 31, 2018 , 2017 and 2016 , respectively. Restricted Stock Units Activity and related information pertaining to RSUs for the year ended March 31, 2018 was as follows: Number of RSUs Weighted Average Fair Value Weighted Average Remaining Contractual Life Outstanding at April 1, 2017 185,377 $ 20.14 Granted 92,680 25.10 Vested (17,352 ) 26.54 Forfeited/canceled (49,450 ) 20.69 Outstanding at March 31, 2018 211,255 $ 21.66 1.9 years There were no market-based RSUs granted during fiscal 2018. The fair value of each market-based RSU granted during fiscal 2017 and 2016 was estimated on the date of grant using a Monte Carlo simulation model with the following assumptions: For the Years Ended March 31, 2017 2016 Expected dividend yield at time of grant 2.99 % 2.60 % Expected stock price volatility 33 % 37 % Risk-free interest rate 1.20 % 1.29 % 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. The total fair value of restricted stock units vested during fiscal 2018 , 2017 and 2016 was $1,108,000 , $806,000 and $1,053,000 , respectively. As of March 31, 2018 , there was $2,162,000 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 2.3 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 March 31, 2017 was $210,000 and is included in accrued payroll and other compensation in the consolidated balance sheet. During fiscal 2018, 2017 and 2016, dividend equivalents of $2,000 , $8,000 and $6,000 , respectively, were paid in cash related to these liability classified awards and were charged to selling, general and administrative expenses. Compensation cost related to RSUs (inclusive of the liability classified awards described above) recognized in operating results (included in selling, general and administrative expenses) was $1,368,000 , $1,118,000 and $875,000 in the years ended March 31, 2018 , 2017 and 2016 , respectively, and the associated future income tax benefit recognized was $345,000 , $431,000 and $332,000 in the years ended March 31, 2018 , 2017 and 2016 , respectively.

Retirement Benefit Plans

Retirement Benefit Plans	12 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
RETIREMENT BENEFIT PLANS	RETIREMENT BENEFIT PLANS Profit Sharing Plans The Company maintains defined contribution profit sharing and 401(k) plans covering substantially all of the employees of the Company and its subsidiaries as of March 31, 2018 . Annual contributions under the plan are determined by the Board of Directors of the Company. Consolidated expense related to the plans for the years ended March 31, 2018 , 2017 and 2016 was $1,233,000 , $864,000 and $758,000 , respectively. Postretirement Medical Plan The Company administers a postretirement medical plan covering certain persons who are employees or former employees of a former subsidiary. The plan is unfunded and frozen to new participants. The following table provides a reconciliation of the benefit obligation for the postretirement medical plan (in thousands): For the Years Ended March 31, 2018 2017 Benefit obligation at beginning of year $ 787 $ 816 Interest cost 30 33 Actuarial (gain) loss (22 ) 3 Benefits paid (65 ) (65 ) Benefit obligation at end of year $ 730 $ 787 As of March 31, 2018 , $62,000 of the benefit obligation was recorded in accrued other expenses and $668,000 was recorded in other long-term obligations in the consolidated balance sheet. As of March 31, 2017 , $65,000 of the benefit obligation was recorded in accrued other expenses and $722,000 was recorded in other long-term obligations in the consolidated balance sheet. The net loss recognized in accumulated other comprehensive loss at March 31, 2018 was $53,000 , net of tax, and the actuarial loss expected to be amortized from accumulated other comprehensive loss into net periodic benefit cost during fiscal 2019 is approximately $1,000 . The assumptions used to develop the net periodic benefit cost for the years ended March 31, 2018 , 2017 and 2016 were a discount rate of 4.00% , 4.25% , and 3.75% , respectively, and assumed health care cost trend rate of 9% ( 9% for 2017 and 9% for 2016 ) trending down to an ultimate rate of 5% in 2026 . The assumption used to develop the benefit obligation as of the years ended March 31, 2018 and 2017 was a discount rate of 3.75% ( 4% in 2017 ). The discount rate is determined based on the average of the Citigroup Pension Liability Index, Moody's Long Term Corporate Bond Yield, and Corporate Bond Rate calculated by the Internal Revenue Service. Net periodic benefit costs for the postretirement medical plan were $30,000 , $33,000 and $32,000 for the years ended March 31, 2018 , 2017 and 2016 , respectively. Pension Plan The Company administers a defined benefit pension plan that was acquired through the acquisition of McCall and covers certain employees of its United Kingdom subsidiary. The plan covers employees who meet the eligibility requirements as defined. The Company's funding policy is to make the minimum annual contribution that is required by applicable regulations, plus such amounts as the Company may determine to be appropriate from time to time. The plan is frozen to future accrual of benefits. Reconciliations of changes in the defined benefit obligation, fair value of plan assets and statement of funded status from the date of acquisition through March 31, 2018 are as follows (in thousands): For the Years Ended March 31, 2018 2017 Change in benefit obligation: Benefit obligation at April 1, 2017 and December 13, 2016 $ 4,027 $ 4,482 Interest cost 107 32 Actuarial (gain) loss (233 ) 178 Benefits paid (455 ) (639 ) Foreign currency impact 437 (26 ) Benefit obligation at March 31, 2018 and 2017 $ 3,883 $ 4,027 Change in plan assets: Fair value of assets at April 1, 2017 and December 13, 2016 $ 3,929 $ 4,511 Actual return on plan assets 451 66 Employer contributions 66 19 Benefits paid (455 ) (639 ) Foreign currency impact 462 (28 ) Fair value of plan assets at March 31, 2018 and 2017 $ 4,453 $ 3,929 Funded status at March 31, 2018 and 2017 $ 570 $ (98 ) As of March 31, 2018, the net pension asset of $570,000 was recorded in other assets, and as of March 31, 2017, the net benefit obligation of $98,000 was recorded in other long-term obligations, in the consolidated balance sheet. The net gain recognized in accumulated other comprehensive income (loss) at March 31, 2018 was $304,000 , net of tax, and the net loss recognized in accumulated other comprehensive income (loss) at March 31, 2017 was $124,000 , net of tax. There is no estimated net gain, prior service cost or transition asset for the defined benefit pension plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost during fiscal 2019. The components of net periodic pension benefit for the period ended March 31, 2018 and 2017 is as follows (in thousands): For the Years Ended March 31, 2018 2017 Interest cost $ 107 $ 32 Expected return on plan assets (148 ) (42 ) Net periodic pension benefit $ (41 ) $ (10 ) The assumption used to develop the net periodic pension benefit was 2.70% for the period ended March 31, 2018 and 2017 . The assumption used to develop the benefit obligation as of March 31, 2018 and 2017 was a discount rate of 2.60% and 2.70% , respectively. The Company has estimated the long-term rate of return on plan assets based primarily on contractual agreements with an insurance company. This rate of return approximated 4% during fiscal 2018 and 2017 . The Company's overall investment strategy is to outsource investment risk to an insurance company in return for a contractual rate of return. Funds are deposited with the insurance company in return for an agreed upon interest rate return on the principal balance. The accounting guidance on fair value measurements specifies a fair value hierarchy based upon the observability of inputs used in valuation techniques (Level 1, 2 and 3). See Note 10 for a discussion of the fair value hierarchy. The fair values of the pension plan assets represents a guaranteed investment contract with an insurance company at March 31, 2018 and 2017 . The guaranteed investment contract is a Level 3 asset. The Company expects to make contributions of $70,000 to the pension plan in fiscal 2019 . The following table reflects the total benefits expected to be paid from the pension plan (in thousands): 2019 $ 503 2020 150 2021 21 2022 64 2023 67 2024-2028 824

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income (loss) before income tax expense (benefit) was as follows (in thousands): For the Years Ended March 31, 2018 2017 2016 United States $ (51,270 ) $ 14,502 $ 18,319 Foreign 5,211 15,185 8,322 $ (46,059 ) $ 29,687 $ 26,641 The following table summarizes the provision (benefit) for U.S. federal, state and foreign taxes on income (loss) (in thousands): For the Years Ended March 31, 2018 2017 2016 Current: Federal $ 2,828 $ 728 $ 5,600 State 236 352 564 Foreign 1,522 1,711 1,373 4,586 2,791 7,537 Deferred: Federal (11,199 ) (1,260 ) 1,547 State (2,200 ) (161 ) 321 Foreign (726 ) (187 ) — (14,125 ) (1,608 ) 1,868 $ (9,539 ) $ 1,183 $ 9,405 The differences between the statutory and effective federal income tax rates on income before income taxes were as follows: For the Years Ended March 31, 2018 2017 2016 U.S. federal statutory rate $ (14,509 ) $ 10,390 $ 9,324 State income taxes, less federal benefit (1,681 ) 159 514 Non-deductible goodwill impairment 2,632 — — Foreign tax rate differential (953 ) (2,258 ) — Bargain purchase gain — (6,214 ) — U.S. tax legislation - revaluation of net deferred tax assets and liabilities 1,939 — — U.S. tax legislation - tax on unremitted foreign earnings 2,866 — — Change in tax reserves and valuation allowance 152 (562 ) 190 Permanent book/tax differences (133 ) (58 ) (638 ) Other, net 148 (274 ) 15 $ (9,539 ) $ 1,183 $ 9,405 New tax legislation in the U.S., commonly referred to as the Tax Cuts and Jobs Act (the "Tax 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. Although 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 Act. Amounts recorded where accounting is complete principally relate to the reduction in the U.S. corporate income tax rate to 21%, which resulted in the Company reporting an income tax expense of $1,939,000 to remeasure deferred taxes. Provisional amounts recorded where accounting is based upon reasonable estimates related to the Tax Act include a one-time mandatory repatriation transition tax of $2,866,000 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 March 31, 2018, including the following significant items: the exchange rates for fiscal year 2019, the actual 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. Income tax benefits related to the exercise of stock options and vesting of restricted stock units reduced current taxes payable by $243,000 , $687,000 and $645,000 in fiscal 2018 , 2017 and 2016 , respectively. Deferred taxes are recorded based upon differences between the financial statement and tax bases of assets and liabilities and available net operating loss and credit carryforwards. The following temporary differences gave rise to net deferred income tax assets (liabilities) as of March 31, 2018 and 2017 (in thousands): March 31, 2018 2017 Deferred income tax assets: Inventories $ 1,820 $ 658 Accrued expenses 1,523 3,223 Federal net operating loss and credit carryforwards 5,204 — State net operating loss and credit carryforwards 19,397 8,579 Foreign net operating loss carryforwards 4,598 — Intangibles 4,361 — Share-based compensation 1,986 2,455 38,889 14,915 Valuation allowance (23,312 ) (8,608 ) 15,577 6,307 Deferred income tax liabilities: Intangibles — 3,108 Property, plant and equipment 6,529 4,391 Unremitted earnings of foreign subsidiaries — 2,539 Other 248 699 6,777 10,737 Net deferred income tax asset (liability) $ 8,800 $ (4,430 ) At March 31, 2018 and 2017 , the Company had potential federal income tax benefits of $ 5,204,000 and $0 , respectively, from federal net operating losses that do not expire. At March 31, 2018 and 2017 , the Company had potential state income tax benefits of $19,397,000 (net of federal tax of $5,156,000 ) and $8,579,000 (net of federal tax of $4,619,000 ), respectively, from state deferred tax assets and state net operating loss carryforwards that expire in various years through 2038 . At March 31, 2018 and 2017 , the Company had potential foreign income tax benefits of $ 4,598,000 and $0 , respectively, from foreign net operating and capital losses, the majority of which do not expire. At March 31, 2018 and 2017 , the Company provided valuation allowances of $23,312,000 and $8,608,000 , respectively. The valuation allowance reflects management’s assessment of the portion of the deferred tax asset that more likely than not will not be realized through future taxable earnings or implementation of tax planning strategies. The Company recognizes in its consolidated financial statements the impact of a 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. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): March 31, 2018 2017 Gross unrecognized tax benefits at April 1 $ 1,199 $ 1,764 Additions based on tax positions related to the current year 24 63 Additions based on tax positions related to the Simplicity acquisition 774 — Reductions for tax positions of prior years (145 ) (628 ) Gross unrecognized tax benefits at March 31 $ 1,852 $ 1,199 During fiscal 2017, the Company completed a state nexus study. As a result of this study, management concluded that reductions of $628,000 to the gross unrecognized tax benefits were appropriate. The adjustment covered unrecognized tax benefits that were recorded in fiscal 2006 through fiscal 2015 and were immaterial to any individual year. The total amount of gross unrecognized tax benefits at March 31, 2018 of $1,852,000 was classified in long-term obligations in the accompanying consolidated balance sheet and the amount that would favorably affect the effective tax rate in future periods, if recognized, is $852,000 . The Company does not anticipate any significant changes to the amount of gross unrecognized tax benefits in the next 12 months. The Company recognizes potential accrued interest and/or penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of operations. Approximately $516,000 of interest and penalties are accrued at March 31, 2018 , $12,000 of which was recorded during the current year. The Company is subject to U.S. federal income tax as well as income tax in multiple state and foreign jurisdictions. The Company has settled all income tax matters for the United States federal jurisdiction for years through fiscal 2014. State income tax returns remain open back to fiscal 2012 and foreign income tax returns remain open back to fiscal 2006 in major jurisdictions in which the Company operates.

Long-Term Debt and Credit Arran

Long-Term Debt and Credit Arrangements	12 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT AND CREDIT ARRANGEMENTS	On March 24, 2015, the Company entered into an amendment to extend the expiration date of its revolving credit facility with two banks from March 17, 2016 to March 16, 2020. The facility provides for a revolving line of credit under which the maximum credit available to the Company at any one time automatically adjusts upwards and downwards on a periodic basis among “low”, “medium” and “high” levels (each a “Commitment Level”), as follows: Commitment Period Description Commitment Period Time Frame Commitment Level Low February 1 to June 30 (5 months) $50,000,000 Medium July 1 to October 31 (4 months) $100,000,000 High November 1 to January 31 (3 months) $150,000,000 The Company has the option to increase the Commitment Level during part of any Low Commitment Period from $50,000,000 to an amount not less than $62,500,000 and not in excess of $125,000,000 ; provided, however, that the Commitment Level must remain at $50,000,000 for at least three consecutive months during each Low Commitment Period. The Company has the option to increase the Commitment Level during all or part of any Medium Commitment Period from $100,000,000 to an amount not in excess $125,000,000 . Fifteen days prior written notice is required for the Company to exercise an option to increase the Commitment Level with respect to a particular Low Commitment Period or Medium Commitment Period. The Company may exercise an option to increase the Commitment Level no more than three times each calendar year. The Company may issue up to $20,000,000 of letters of credit under the facility. Interest on the facility accrues at per annum rates equal to, at the Company’s option, either one-, two-, or three-month London Interbank Offered Rate (“LIBOR”) plus 0.95% , or the LIBOR Market Index Rate plus 0.95% . In addition to interest, the Company is required to pay “unused” fees equal to 0.275% per annum on the average daily unused amount of the Commitment Level that is then applicable. As of March 31, 2018 , there was $40,000,000 outstanding under the facility and there were no amounts outstanding as of March 31, 2017 . The weighted average interest rate under the revolving credit facility was 2.49% for the year ended March 31, 2018 . The average and peak borrowings were $ 21,526,000 and $ 67,766,000 , respectively, for the year ended March 31, 2018 . There were no borrowings under the facility in fiscal 2017. Outstanding letters of credit under the facility were $1,853,000 and $1,097,000 at March 31, 2018 and 2017 , respectively. These letters of credit guarantee funding of workers compensation claims in fiscal 2018 and 2017 and also guarantee the funding of a lease security deposit in fiscal 2018. The agreement governing the facility contains financial covenants requiring the Company to maintain as of the last day of each fiscal quarter: (i) a tangible net worth of not less than $170,000,000 , and (ii) an interest coverage ratio of not less than 3.50 to 1.00 . The facility also contains covenants that address, among other things, the ability of the Company and its subsidiaries to incur additional indebtedness; grant liens on their assets; engage in mergers, acquisitions, divestitures and/or sale–leaseback transactions; pay dividends and make other distributions in respect of their capital stock; make investments and capital expenditures; and enter into “negative pledge” agreements with respect to their assets. The restriction on the payment of dividends applies only upon the occurrence and continuance of a Company default under the facility, or when a dividend payment would give rise to such a default. The Company is in compliance with all debt covenants as of March 31, 2018 . The Company also finances certain equipment which is classified in the accompanying consolidated balance sheets as of March 31, 2018 and 2017 as follows (in thousands): March 31, 2018 2017 Current portion of long-term debt $ 154 $ 145 Long-term debt, net of current portion 108 262 The Company leases certain equipment under capital leases. The future minimum annual lease payments, including interest, associated with the capital lease obligations are as follows (in thousands): 2019 $ 82 2020 79 2021 45 2022 1 2023 — Total minimum lease obligations 207 Less amount representing interest at 4.89% (13 ) Present value of future minimum lease obligations $ 194 Long-term debt, including capital lease obligations, mature as follows as of March 31, 2018 (in thousands): 2019 $ 228 2020 40,182 2021 45 2022 1 2023 — Total $ 40,456

Operating Leases

Operating Leases	12 Months Ended
	Mar. 31, 2018
Leases [Abstract]
OPERATING LEASES	OPERATING LEASES The Company maintains various lease arrangements for property and equipment. The future minimum rental payments associated with all non-cancelable lease obligations are as follows (in thousands): 2019 $ 8,975 2020 7,718 2021 4,993 2022 4,828 2023 3,473 Thereafter 14,105 Total $ 44,092 The Company records rent expense on a straight-line basis over the lease term. Rent expense was $9,423,000 , $6,468,000 and $5,910,000 for the years ended March 31, 2018 , 2017 and 2016 , respectively. Sublease income was $341,000 , $194,000 and $152,000 for the years ended March 31, 2018 , 2017 and 2016 , respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Recurring Fair Value Measurements The Company uses certain derivative financial instruments as part of its risk management strategy to reduce interest rate and foreign currency risk. The Company recognizes all derivatives on the consolidated balance sheet at fair value based on quotes obtained from financial institutions. The fair value of interest rate swap agreements at March 31, 2018 was $110,000 . There were no interest rate swap agreements as of March 31, 2017. There were no foreign currency contracts outstanding as of March 31, 2018 and 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 March 31, 2018. The Company also maintains a nonqualified Deferred Compensation Plan (the "Deferred Comp Plan") for qualified employees. The Plan provides eligible key employees with the opportunity to elect to defer up to 50% of their eligible compensation under the 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 March 31, 2018 . The Company 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 March 31, 2018 and 2017 . To increase consistency and comparability in fair value measurements, the 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 included 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 March 31, 2018 and 2017 . March 31, 2018 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) Assets: Marketable securities $ 359 $ 359 $ — $ — Cash surrender value of life insurance policies 2,007 — 2,007 — Total assets $ 2,366 $ 359 $ 2,007 $ — Liabilities: Interest rate swap agreement $ 110 $ — $ 110 $ — Deferred compensation plans 776 776 — — Total liabilities $ 886 $ 776 $ 110 $ — March 31, 2017 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) 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 and accrued expenses are reflected at carrying value in the consolidated balance sheets as 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. The outstanding balance of the Company's long-term debt approximated its fair value based on the 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, during fiscal 2018, the Company acquired substantially all of the net assets and business of Simplicity on November 3, 2017 and determined that the aggregate fair value of the acquired intangible assets, consisting of tradenames, customer lists and favorable lease contracts, was $ 20,982,000 . The Company estimated the fair value of the 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 $ 30,804,000 which was estimated as the selling price less costs of disposal (Level 2). Also, as discussed in Note 2, during fiscal 2017, the Company acquired substantially all of the net assets and business of McCall on December 13, 2016 and determined that the fair value of acquired intangible assets, consisting of tradenames, was $4,400,000 . Additionally, as discussed in Note 2, the Company acquired substantially all of the assets of Schiff on July 8, 2016 and determined that the aggregate fair value of the acquired intangible assets, consisting of customer relationships, was $500,000 . 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). As discussed in Note 3, the Company acquired certain customer lists in the amount of $100,000 during fiscal 2017. The Company estimated the fair value of the acquired customer lists as the amount paid to acquire such customer lists (Level 1). The Company determined that the aggregate fair value of the acquired inventory in the McCall and Schiff acquisitions was $32,206,000 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 assumptions of future business conditions (Level 3). These valuation methods require a significant degree of management judgment concerning the use of internal and external data. The Company also uses quoted market prices in active markets as the basis for measurement of fair value with consideration given to a control premium (Level 1). 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. In the fourth quarter of fiscal 2018, the Company recorded a non-cash pre-tax impairment charge of $ 33,358,000 due to the full impairment of goodwill and partial impairment of a tradename. See Note 3 for further discussion. As of March 31, 2017 , the Company believes that no impairments existed.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2018
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.

Segment Disclosure

Segment Disclosure	12 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
SEGMENT DISCLOSURE	SEGMENT DISCLOSURE The Company operates in a single reporting segment, the creative development, manufacture, procurement, distribution and sale of seasonal, gift and craft products, primarily to mass market retailers in the United States. The majority of the Company’s assets are maintained in the United States. The Company’s detail of net sales from its various products is as follows (in thousands): For the Years Ended March 31, 2018 2017 2016 Seasonal $ 122,191 $ 133,749 $ 136,684 Gift 125,399 128,206 130,258 Craft 114,306 60,476 50,075 Total $ 361,896 $ 322,431 $ 317,017 One customer accounted for 25% , 30% and 30% of net sales in fiscal 2018 , 2017 and 2016 , respectively. One other customer accounted for 10% of net sales in each of fiscal 2017 and 2016 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" ("ASU 2018-02"). ASU 2018-02 allows a reclassification from accumulated other comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Act. The amount of the reclassification is calculated based on the effect of the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts at the date of the enactment of the Tax Act related to items that remained in accumulated other comprehensive income (loss) at that time. ASU 2018-02 requires entities to make new disclosures, regardless of whether they elect to reclassify tax effects. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. 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 August 2017, the FASB issued 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. Effective January 1, 2018, the Company elected to early adopt ASU 2017-12. The adoption of this standard did not have an 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 were applied to the fiscal 2018 goodwill impairment test. In connection with the Company's goodwill impairment test performed in the fourth quarter of fiscal 2018, the Company recorded a pre-tax impairment charge of $ 29,558,000 , which was the carrying amount of its goodwill immediately before the charge. See Note 3 for further discussion. 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. The Company has evaluated a majority of its revenue streams and based on the Company's analysis to date, 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 we will be finalizing our assessment in advance of our first quarter fiscal 2019 Form 10-Q. We are also in the process of developing our new footnote disclosures required under the new standard.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	QUARTERLY FINANCIAL DATA (UNAUDITED) 2018 Quarters First Second Third Fourth (in thousands, except per share amounts) Net sales $ 48,324 $ 101,397 $ 130,642 $ 81,533 Gross profit $ 11,812 $ 26,675 $ 37,459 $ 16,883 Net income (loss) $ (7,064 ) $ 3,013 $ 5,952 $ (38,421 ) Net income (loss) per common share: Basic $ (0.78 ) $ 0.33 $ 0.65 $ (4.21 ) Diluted $ (0.78 ) $ 0.33 $ 0.65 $ (4.21 ) 2017 Quarters First Second Third Fourth (in thousands, except per share amounts) Net sales $ 45,318 $ 101,291 $ 117,153 $ 58,669 Gross profit $ 12,297 $ 31,600 $ 36,978 $ 12,214 Net income (loss) $ (3,286 ) $ 6,992 $ 29,969 $ (5,171 ) Net income (loss) per common share: Basic $ (0.36 ) $ 0.77 $ 3.30 $ (0.57 ) Diluted $ (0.36 ) $ 0.77 $ 3.29 $ (0.57 ) Gross profit in the first, second, third and fourth quarters of fiscal 2018 included $ 3,185,000 , $ 3,843,000 , $ 5,209,000 and $ 5,644,000 , respectively, related to the recognition of the McCall and Simplicity inventory step-up through cost of sales for the portion of acquired inventory that was sold during the period. The third and fourth quarters of fiscal 2018 net income (loss) included $ 3,243,000 and $ 168,000 , respectively, of pre-tax transaction costs related to the acquisition of Simplicity. The fourth quarter of fiscal 2018 net loss included a charge of $ 27,125,000 (net of tax) related to the impairment of goodwill and an intangible asset as further described in Note 3 to the consolidated financial statements. Also included in the fourth quarter of fiscal 2018 net loss was $2,857,000 of pre-tax severance costs primarily related to the combination of the McCall and Simplicity sales and marketing departments. See Note 1 and Note 2 to the consolidated financial statements for further discussion of the McCall and Simplicity transactions. Additionally, the third quarter of fiscal 2018 included favorable income tax rate adjustments attributable to the Tax Act as further described in Note 7 to the consolidated financial statements. The second and third quarters of fiscal 2017 net income included a non-taxable bargain purchase gain of $376,000 and $19,711,000 , respectively, related to the purchase of the assets of Schiff in the second quarter and the purchase of the net assets and business of McCall in the third quarter. There was a reduction in the McCall bargain purchase gain of $97,000 recorded in the fourth quarter of fiscal 2017. Gross profit in the third and fourth quarters of fiscal 2017 included $452,000 and $3,125,000 , respectively, related to the recognition of the McCall inventory step-up through cost of sales for the portion of acquired inventory that was sold during the period. See Note 1 and Note 2 to the consolidated financial statements for further discussion of the McCall and Schiff transactions. Additionally, the third and fourth quarter of fiscal 2017 included favorable income tax rate adjustments primarily attributable to the permanent reinvestment of current year foreign earnings and benefits of a state income tax nexus study as further described in Note 7 to the consolidated financial statements. The fourth quarter of fiscal 2017 net income included $2,473,000 of pre-tax transaction and transition costs related to the acquisition of McCall. The seasonal nature of CSS’ business has historically resulted in comparatively lower sales 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, thereby causing significant fluctuations in the quarterly results of operations of the Company.

Subsequent Event

Subsequent Event	12 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENT On June 1, 2018, a subsidiary of the Company completed the acquisition of substantially all of the business and assets of Fitlosophy, Inc. ("Fitlosophy") for $2,500,000 in cash. The purchase price is subject to adjustment based on future net sales of certain products sold through fiscal 2023. Fitlosophy is devoted to creating, marketing, and distributing innovative products that inspire people to develop healthy habits by focusing on effective goal-setting through journaling. Products include a complete line of fitness and wellness planning products all sold under the fitlosophy TM , live life fit TM and fitbook TM brands.

Schedule II Valuation and Quali

Schedule II Valuation and Qualifying Accounts	12 Months Ended
	Mar. 31, 2018
Valuation and Qualifying Accounts [Abstract]
Schedule II Valuation and Qualifying Accounts	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Balance Charged at to Costs Charged Balance Beginning and to Other At End of of Period Expenses Accounts Deductions Period Year ended March 31, 2018 Accounts receivable allowances $ 1,283 $ 4,035 $ — $ 3,742 $ 1,576 Accrued customer programs 5,030 15,940 11,147 (a) 19,324 12,793 (b) Year ended March 31, 2017 Accounts receivable allowances $ 1,363 $ 5,188 $ — $ 5,268 $ 1,283 Accrued customer programs 3,275 9,716 2,296 (c) 10,257 5,030 Year ended March 31, 2016 Accounts receivable allowances $ 1,059 $ 2,712 $ — $ 2,408 $ 1,363 Accrued customer programs 4,042 6,423 — 7,190 3,275 Accrued restructuring expenses 32 — — 32 — Notes: (a) Balance at acquisition of Simplicity Creative Group and certain subsidiaries. (b) Classified in accrued customer programs and other long-term obligations in the accompanying consolidated balance sheet as of March 31, 2018. (c) Balance at acquisition of The McCall Pattern Company and certain subsidiaries.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2018
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’s fiscal year ends on March 31. References to a particular year refer to the fiscal year ending in March of that year. For example fiscal 2018 refers to the fiscal year ended March 31, 2018 .
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of CSS Industries, Inc. and all of its subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.
Nature of Business	Nature of Business CSS is a creative consumer products company, focused on the seasonal, gift and craft categories. For these design-driven categories, the Company engages in the creative development, manufacture, procurement, distribution and sale of our products with an omni-channel approach focused primarily on mass market retailers. Seasonal The seasonal category includes gift packaging items such as ribbon, bows, greeting cards, wrapping paper, bags, boxes, tags and gift card holders, in addition to specific holiday-themed decorations, accessories, and activities, such as Easter egg dyes and novelties and Valentine's Day classroom exchange cards. These products are sold to mass market retailers, and production forecasts for these products are generally known well in advance of shipment. Gift The gift category (formerly described by the Company as its celebrations category) includes products designed to celebrate certain life events or special occasions, such as weddings, birthdays, anniversaries, graduations, or the birth of a child. 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 primarily sold into mass and specialty retailers, floral and packaging wholesalers and distributors, and are generally ordered on a replenishment basis throughout the year. Craft The craft category 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. CSS’ product breadth provides its retail customers the opportunity to use a single vendor for much of their seasonal, gift and craft product requirements. A substantial portion of CSS’ products are manufactured, packaged and/or warehoused in facilities located in the United States, the United Kingdom and Australia, with the remainder purchased primarily from manufacturers in Asia and Mexico. The Company also has a manufacturing facility in India that produces certain craft products, including trims, braids and tassels, and also has a distribution facility in India. The Company’s products are sold to its customers by national and regional account sales managers, sales representatives, product specialists and by a network of independent manufacturers’ representatives. CSS maintains purchasing offices in Hong Kong and China to administer Asian sourcing opportunities. As further discussed in Note 2 to the consolidated financial statements, the Company acquired substantially all of the net assets and business of Simplicity Creative Group ("Simplicity") on November 3, 2017.
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 year-end exchange rates and all income and expense accounts at average rates during the year. 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 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. Held-to-maturity securities were recorded at amortized cost which approximated fair market value at March 31, 2017 . This categorization was based upon the Company's positive intent and ability to hold these securities until maturity.
Accounts Receivable	Accounts Receivable The Company offers seasonal dating programs related to certain seasonal product offerings pursuant to which customers that qualify for such programs are offered extended payment terms. With some exceptions, customers do not have the right to return product except for reasons the Company believes are typical of our industry, including damaged goods, shipping errors or similar occurrences. The Company generally is not required to repurchase products from its customers, nor does the Company have any regular practice of doing so. In addition, the Company mitigates its exposure to bad debts by evaluating the creditworthiness of its major customers, utilizing established credit limits, and purchasing credit insurance when appropriate and available on terms satisfactory to the Company. Bad debt and returns and allowances reserves are recorded as an offset to accounts receivable while reserves for customer programs are recorded as accrued liabilities. The Company evaluates accounts receivable related reserves and accruals monthly by specifically reviewing customers’ creditworthiness, historical recovery percentages and outstanding customer deductions and program arrangements. Customer account balances are charged off against the allowance reserve after reasonable means of collection have been exhausted and the potential for recovery is considered unlikely.
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 or net realizable value. The remaining portion of the inventory is valued at the lower of last-in, first-out (LIFO) cost or net realizable value, which was $98,000 and $134,000 at March 31, 2018 and 2017 , respectively. Had all inventories been valued at the lower of FIFO cost or market, inventories would have been greater by $524,000 and $578,000 at March 31, 2018 and 2017 , respectively.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost and include the following (in thousands): March 31, 2018 2017 Land $ 7,100 $ 5,838 Buildings, leasehold interests and improvements 45,164 40,661 Machinery, equipment and other 104,497 89,917 156,761 136,416 Less – Accumulated depreciation and amortization (104,635 ) (100,652 ) Net property, plant and equipment $ 52,126 $ 35,764 Depreciation is provided generally on the straight-line method and is based on estimated useful lives or terms of leases as follows: Buildings, leasehold interests and improvements Lease term to 45 years Machinery, equipment and other 3 to 15 years When property is retired or otherwise disposed of, the related cost and accumulated depreciation and amortization are eliminated from the consolidated balance sheet. Any gain or loss from the disposition of property, plant and equipment is included in other expense (income), net. Maintenance and repairs are expensed as incurred while improvements are capitalized and depreciated over their estimated useful lives. With the acquisition of McCall, there were assets acquired under capital lease obligations. Depreciation expense was $6,455,000 , $5,173,000 and $5,643,000 for the years ended March 31, 2018 , 2017 and 2016 , respectively. The Company maintains various operating leases and records rent expense on a straight-line basis over the lease term. See Note 9 for further discussion.
Impairment of Long-Lived Assets including Goodwill, Other Intangible Assets and Property, Plant and Equipment	Impairment of Long-Lived Assets including Goodwill, Other Intangible Assets and Property, Plant and Equipment When a company is acquired, the difference between the fair value of its net assets, including intangibles, and the purchase price is recorded as goodwill. Goodwill is subject to an assessment for impairment which must be performed at least annually or more frequently if events or circumstances indicate that goodwill might be impaired. Effective April 1, 2017, the Company early adopted Accounting Standards Update 2017-04, "Simplifying the Test for Goodwill Impairment," ("ASU 2017-04"), which replaced the two-step impairment test for goodwill with a one-step test that both identifies and measures goodwill impairment. Under ASU 2017-04, entities still have the option to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the quantitative goodwill impairment test is not necessary. However, if an entity concludes otherwise, then it is required to perform the quantitative goodwill impairment test, which identifies both the existence of impairment and the amount of impairment loss by comparing the fair value of the reporting unit with its carrying value. If the carrying amount of the reporting unit exceeds the fair value, an impairment loss shall be recognized in an amount equal to that excess. Additionally, an entity shall consider the income tax effect from any tax deductible goodwill on the carrying value of the reporting unit when measuring the impairment loss. The Company uses a dual approach including both a market approach and an income approach. The market approach computes fair value using a multiple of earnings before interest, income taxes, depreciation and amortization which was developed considering both the multiples of recent transactions as well as trading multiples of consumer products companies. The income approach is based on the present value of discounted cash flows and a terminal value projected for the reporting unit. The income approach requires significant judgments including the Company’s projected net cash flows, the weighted average cost of capital (“WACC”) used to discount the cash flows and terminal value assumptions. The projected net cash flows are derived using the next fiscal year budget and multi-year strategic plan of the Company for the reporting unit. The WACC rate is based on an average of the capital structure, cost of capital and inherent business risk profiles of the Company. Additionally, the Company uses quoted market prices in active markets as the basis for measurement of fair value with consideration given to a control premium. We believe the use of multiple valuation techniques results in a more accurate indicator of the fair value of each reporting unit. The Company then corroborates the reasonableness of the total fair value of the reporting units by reconciling the aggregate fair values of the reporting units to the Company’s total market capitalization adjusted to include an estimated control premium. The estimated control premium is derived from reviewing observable transactions involving the purchase of controlling interests in comparable companies. The market capitalization is calculated using the relevant shares outstanding and an average closing stock price which considers volatility around the test date. The exercise of reconciling the market capitalization to the computed fair value further supports the Company’s conclusion on the fair value. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss would be reported. The Company performs its required annual assessment as of the fiscal year end. Changes to our judgments regarding assumptions and estimates could result in a significantly different estimate of the fair market value of the reporting units. Effective April 1, 2017, the Company combined its four former operating segments, which represented our one historical reportable segment, into one operating segment which reflects the manner in which our chief operating decision maker reviews operating performance and allocates resources. This was a result of the change in the Company's strategy to a One CSS structure and reflects how the businesses are now managed and operating results are assessed. Effective with the change from four operating segments and reporting units to one , the Company evaluated whether there was an impairment as of April 1, 2017 and concluded that there was no impairment based on the assessment that was performed as of March 31, 2017 which was reconciled to the Company’s market capitalization as of March 31, 2017. Other indefinite lived intangible assets consist primarily of tradenames which are also required to be tested annually for impairment. An entity has the option to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. To perform a qualitative assessment, an entity must identify and evaluate changes in economic, industry and entity-specific events and circumstances that could affect the significant inputs used to determine the fair value of an indefinite-lived intangible asset. If the result of the qualitative analysis indicates it is more likely than not that an indefinite-lived intangible asset is impaired, a more detailed fair value calculation will need to be performed which is used to identify potential impairments and to measure the amount of impairment losses to be recognized, if any. The fair value of the Company’s tradenames is calculated using a “relief from royalty payments” methodology. This approach involves first estimating reasonable royalty rates for each trademark then applying these royalty rates to a net sales stream and discounting the resulting cash flows to determine the fair value. The royalty rate is estimated using both a market and income approach. The market approach relies on the existence of identifiable transactions in the marketplace involving the licensing of tradenames similar to those owned by the Company. The income approach uses a projected pretax profitability rate relevant to the licensed income stream. We believe the use of multiple valuation techniques results in a more accurate indicator of the fair value of each tradename. This fair value is then compared with the carrying value of each tradename. 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. 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. In the fourth quarter of fiscal 2018, the Company performed the required annual impairment test of the carrying amount of goodwill and indefinite lived intangible assets. The decline in the Company's trading price of its common stock at and around the end of fiscal 2018, and related decrease in the Company's market capitalization, was determined to be a triggering event for potential goodwill impairment. Accordingly, the Company also performed an assessment of its other long-lived assets for impairment. Refer to Note 3 for the results of the annual impairment testing performed in fiscal 2018. The Company determined that no impairment of intangible assets existed in fiscal 2017 or in fiscal 2016 .
Derivative Financial Instruments	Derivative Financial Instruments The Company uses certain derivative financial instruments as part of its risk management strategy to reduce interest rate and foreign currency risk. Derivatives are not used for trading or speculative activities. The Company recognizes all derivatives on the consolidated balance sheet at fair value. On the date the derivative instrument is entered into, the Company generally designates the derivative as either (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), or (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”). Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a fair value hedge, along with the gain or loss on the hedged asset or liability that is attributable to the hedged risk, are recorded in current period earnings. Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a cash flow hedge are recorded in accumulated other comprehensive income and reclassified into earnings as the underlying hedged item affects earnings. The portion of the change in fair value of a derivative associated with hedge ineffectiveness or the component of a derivative instrument excluded from the assessment of hedge effectiveness is recorded currently in earnings. Also, changes in the entire fair value of a derivative that is not designated as a hedge are recorded immediately in earnings. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedge transactions. This process includes relating all derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the consolidated balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the inception of the hedge and on an ongoing basis, whether each derivative is highly effective in offsetting changes in fair values or cash flows of the hedged item. If it is determined that a derivative is not highly effective as a hedge or if a derivative ceases to be a highly effective hedge, the Company will discontinue hedge accounting prospectively. The Company enters into foreign currency forward contracts in order to reduce the impact of certain foreign currency fluctuations. Firmly committed transactions and the related receivables and payables 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.
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 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. See Note 7 for further discussion.
Revenue Recognition	Revenue Recognition Revenue is recognized from most product sales when goods are shipped, title and risk of loss have been transferred to the customer and collection is reasonably assured. The Company has certain limited 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. The Company records estimated reductions to revenue for customer programs, which may include special pricing agreements for specific customers, volume incentives and other promotions. In limited cases, the Company may provide the right to return product as part of its customer programs with certain customers. The Company also records estimated reductions to revenue, based primarily on historical experience, for customer returns and chargebacks that may arise as a result of shipping errors, product damaged in transit or for other reasons that become known subsequent to recognizing the revenue. These provisions are recorded in the period that the related sale is recognized and are reflected as a reduction from gross sales. The related reserves are shown as a reduction of accounts receivable, except for reserves for customer programs which are shown as a current or long term liability. If the amount of actual customer returns and chargebacks were to increase or decrease significantly from the estimated amount, revisions to the estimated allowance would be required.
Product Development Costs	Product Development Costs Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. For seasonal products, the Company typically begins to incur product development costs 18 to 20 months before the applicable holiday event. These costs are amortized monthly over the selling season, which is generally within two to four months of the holiday event. Development costs related to gift and craft products are incurred within a period beginning six to nine months prior to the applicable sales period. These costs generally are amortized over a six to twelve month selling period. The expense of certain product development costs that are related to the manufacturing process are recorded in cost of sales while the portion that relates to creative and selling efforts are recorded in selling, general and administrative expenses.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs are reported in cost of sales in the consolidated statements of operations.
Share-Based Compensation	Share-Based Compensation Share-based compensation cost is estimated at the grant date based on a fair-value model. Calculating the fair value of share-based awards at the grant date requires judgment, including estimating stock price volatility and expected option life. The Company uses the Black-Scholes option valuation model to value service-based stock options and uses Monte Carlo simulation to value performance-based stock options and restricted stock units. The fair value of each service-based restricted stock unit is 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 Company estimates stock price volatility based on historical volatility of its common stock. Estimated option life assumptions are also derived from historical data. Had the Company used alternative valuation methodologies and assumptions, compensation cost for share-based payments could be significantly different. The Company recognizes compensation cost over the stated vesting period consistent with the terms of the arrangement (i.e. either on a straight-line or graded-vesting basis).
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" ("ASU 2018-02"). ASU 2018-02 allows a reclassification from accumulated other comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Act. The amount of the reclassification is calculated based on the effect of the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts at the date of the enactment of the Tax Act related to items that remained in accumulated other comprehensive income (loss) at that time. ASU 2018-02 requires entities to make new disclosures, regardless of whether they elect to reclassify tax effects. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. 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 August 2017, the FASB issued 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. Effective January 1, 2018, the Company elected to early adopt ASU 2017-12. The adoption of this standard did not have an 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 were applied to the fiscal 2018 goodwill impairment test. In connection with the Company's goodwill impairment test performed in the fourth quarter of fiscal 2018, the Company recorded a pre-tax impairment charge of $ 29,558,000 , which was the carrying amount of its goodwill immediately before the charge. See Note 3 for further discussion. 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. The Company has evaluated a majority of its revenue streams and based on the Company's analysis to date, 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 we will be finalizing our assessment in advance of our first quarter fiscal 2019 Form 10-Q. We are also in the process of developing our new footnote disclosures required under the new standard.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Inventories	Inventories consisted of the following (in thousands): March 31, 2018 2017 Raw material $ 11,602 $ 11,210 Work-in-process 17,809 18,316 Finished goods 73,025 75,732 $ 102,436 $ 105,258
Property, plant and equipment	Property, plant and equipment are stated at cost and include the following (in thousands): March 31, 2018 2017 Land $ 7,100 $ 5,838 Buildings, leasehold interests and improvements 45,164 40,661 Machinery, equipment and other 104,497 89,917 156,761 136,416 Less – Accumulated depreciation and amortization (104,635 ) (100,652 ) Net property, plant and equipment $ 52,126 $ 35,764 Depreciation is provided generally on the straight-line method and is based on estimated useful lives or terms of leases as follows: Buildings, leasehold interests and improvements Lease term to 45 years Machinery, equipment and other 3 to 15 years
Computation of basic and diluted net income per common share	The following table sets forth the computation of basic net income (loss) per common share and diluted net income (loss) per common share for the years ended March 31, 2018 , 2017 and 2016 . For the Years Ended March 31, 2018 2017 2016 (in thousands, except per share amounts) Numerator: Net income (loss) $ (36,520 ) $ 28,504 $ 17,236 Denominator: Weighted average shares outstanding for basic income (loss) per common share 9,108 9,074 9,147 Effect of dilutive stock options — 41 92 Adjusted weighted average shares outstanding for diluted income (loss) per common share 9,108 9,115 9,239 Basic net income (loss) per common share $ (4.01 ) $ 3.14 $ 1.88 Diluted net income (loss) per common share $ (4.01 ) $ 3.13 $ 1.87
Supplemental schedule of cash flow information	Supplemental Schedule of Cash Flow Information For the Years Ended March 31, 2018 2017 2016 (in thousands) Cash paid during the year for: Interest $ 511 $ 264 $ 210 Income taxes $ 1,484 $ 2,270 $ 9,736 Details of acquisitions: Fair value of assets acquired $ 92,666 $ 50,445 $ 20,796 Liabilities assumed 23,049 15,416 1,251 Net assets acquired 69,617 35,029 19,545 Amount due seller 2,500 — — Cash paid 67,117 35,029 19,545 Less cash acquired 1,889 — — Less gain on bargain purchases — 19,990 — Net cash paid for acquisitions $ 65,228 $ 15,039 $ 19,545

Business Acquisitions (Tables)

Business Acquisitions (Tables)	12 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Schedule of assets acquired and liabilities assumed	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 551 Total assets acquired 50,445 Current liabilities 5,328 Deferred tax liability 9,419 Long-term debt 516 Other long-term obligations 153 Total liabilities assumed 15,416 Net assets acquired $ 35,029 The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition in fiscal 2018 (in thousands): Cash $ 1,889 Accounts receivable 11,787 Inventory 30,804 Other assets 1,460 Total current assets 45,940 Property, plant and equipment 15,188 Intangible assets 20,982 Goodwill 9,642 Other 914 Total assets acquired 92,666 Current liabilities 16,912 Deferred tax liability 840 Other long-term obligations 5,297 Total liabilities assumed 23,049 Net assets acquired $ 69,617
Schedule of pro forma revenues and earnings	The following table summarizes the revenue and earnings of the Company had the date of these acquisitions been April 1, 2016 (unaudited and in thousands): For the Years Ended March 31, 2018 2017 Supplemental pro forma revenue $ 413,577 $ 440,676 Supplemental pro forma earnings (1) $ (18,131 ) $ 15,465 Supplemental pro forma earnings per basic share (1) $ (1.99 ) $ 1.70 Supplemental pro forma earnings per diluted share (1) $ (1.99 ) $ 1.70 (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.

Goodwill, Other Intangible As28

Goodwill, Other Intangible Assets and Long-Lived Assets (Tables)	12 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of goodwill	The following table shows changes in goodwill for the fiscal year ended March 31, 2017 and 2018 (in thousands): Balance as of March 31, 2016 $ 19,974 Decrease in goodwill - Blumenthal (58 ) Balance as of March 31, 2017 19,916 Acquisition of Simplicity 9,642 Impairment charge (29,558 ) Balance as of March 31, 2018 $ —
Indefinite lived intangible assets rollforward	The change in the gross carrying amount of other intangible assets for the year ended March 31, 2017 and 2018 is as follows (in thousands): Tradenames and Trademarks Customer Relationships Favorable Lease Contracts Balance as of March 31, 2016 $ 15,553 $ 39,157 $ — Acquisition of McCall 4,400 — — Acquisition of Schiff — 500 — Purchase of customer lists — 100 — Balance as of March 31, 2017 19,953 39,757 — Acquisition of Simplicity 8,200 8,900 3,882 Impairment charge (3,800 ) — — Balance as of March 31, 2018 $ 24,353 $ 48,657 $ 3,882
Finite lived intangible assets rollforward	The change in the gross carrying amount of other intangible assets for the year ended March 31, 2017 and 2018 is as follows (in thousands): Tradenames and Trademarks Customer Relationships Favorable Lease Contracts Balance as of March 31, 2016 $ 15,553 $ 39,157 $ — Acquisition of McCall 4,400 — — Acquisition of Schiff — 500 — Purchase of customer lists — 100 — Balance as of March 31, 2017 19,953 39,757 — Acquisition of Simplicity 8,200 8,900 3,882 Impairment charge (3,800 ) — — Balance as of March 31, 2018 $ 24,353 $ 48,657 $ 3,882
Gross carrying value of intangible assets and accumulated amortization	The gross carrying amount and accumulated amortization of other intangible assets as of March 31, 2018 and 2017 is as follows (in thousands): March 31, 2018 March 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Tradenames and trademarks $ 24,353 $ — $ 19,953 $ — Customer relationships 48,657 19,976 39,757 16,495 Favorable lease contracts 3,882 299 — — Patents 1,164 941 1,164 825 Trademarks 403 393 403 363 Covenants not to compete 530 351 530 245 $ 78,989 $ 21,960 $ 61,807 $ 17,928
Composition of intangibles and amortization expense	The estimated amortization expense for the next five fiscal years is as follows (in thousands): 2019 $ 4,912 2020 4,751 2021 4,264 2022 4,167 2023 3,451

Share-Based Plans (Tables)

Share-Based Plans (Tables)	12 Months Ended
	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of activity and related information pertaining to stock options	Activity and related information pertaining to stock options for the year ended March 31, 2018 was as follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at April 1, 2017 554,575 $ 26.05 Granted 124,000 27.52 Exercised (29,775 ) 19.26 Forfeited/canceled (111,000 ) 28.08 Outstanding at March 31, 2018 537,800 $ 26.35 4.8 years $ — Exercisable at March 31, 2018 174,887 $ 25.22 2.8 years $ — Expected to vest at March 31, 2018 299,445 $ 27.39 6.4 years $ —
Schedule of activity and related information pertaining to RSUs	Activity and related information pertaining to RSUs for the year ended March 31, 2018 was as follows: Number of RSUs Weighted Average Fair Value Weighted Average Remaining Contractual Life Outstanding at April 1, 2017 185,377 $ 20.14 Granted 92,680 25.10 Vested (17,352 ) 26.54 Forfeited/canceled (49,450 ) 20.69 Outstanding at March 31, 2018 211,255 $ 21.66 1.9 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of the fair value of each stock option granted using Black-Scholes option pricing model	The fair value of each stock option granted was estimated on the date of grant using the Black-Scholes option valuation model with the following average assumptions: For the Years Ended March 31, 2018 2017 2016 Expected dividend yield at time of grant 2.91 % 2.91 % 2.58 % Expected stock price volatility 34 % 35 % 37 % Risk-free interest rate 2.21 % 1.66 % 1.92 % Expected life of option (in years) 6.3 4.8 4.6
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of the fair value of each stock option granted using Black-Scholes option pricing model	The fair value of each market-based RSU granted during fiscal 2017 and 2016 was estimated on the date of grant using a Monte Carlo simulation model with the following assumptions: For the Years Ended March 31, 2017 2016 Expected dividend yield at time of grant 2.99 % 2.60 % Expected stock price volatility 33 % 37 % Risk-free interest rate 1.20 % 1.29 %

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	12 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Schedule of reconciliation of the benefit obligation for the postretirement medical plan	The following table provides a reconciliation of the benefit obligation for the postretirement medical plan (in thousands): For the Years Ended March 31, 2018 2017 Benefit obligation at beginning of year $ 787 $ 816 Interest cost 30 33 Actuarial (gain) loss (22 ) 3 Benefits paid (65 ) (65 ) Benefit obligation at end of year $ 730 $ 787
Reconciliation of changes in the defined benefit obligation, fair value of plan assets and statement of funded status	Reconciliations of changes in the defined benefit obligation, fair value of plan assets and statement of funded status from the date of acquisition through March 31, 2018 are as follows (in thousands): For the Years Ended March 31, 2018 2017 Change in benefit obligation: Benefit obligation at April 1, 2017 and December 13, 2016 $ 4,027 $ 4,482 Interest cost 107 32 Actuarial (gain) loss (233 ) 178 Benefits paid (455 ) (639 ) Foreign currency impact 437 (26 ) Benefit obligation at March 31, 2018 and 2017 $ 3,883 $ 4,027 Change in plan assets: Fair value of assets at April 1, 2017 and December 13, 2016 $ 3,929 $ 4,511 Actual return on plan assets 451 66 Employer contributions 66 19 Benefits paid (455 ) (639 ) Foreign currency impact 462 (28 ) Fair value of plan assets at March 31, 2018 and 2017 $ 4,453 $ 3,929 Funded status at March 31, 2018 and 2017 $ 570 $ (98 )
Schedule of net periodic pension benefit	The components of net periodic pension benefit for the period ended March 31, 2018 and 2017 is as follows (in thousands): For the Years Ended March 31, 2018 2017 Interest cost $ 107 $ 32 Expected return on plan assets (148 ) (42 ) Net periodic pension benefit $ (41 ) $ (10 )
Schedule of expected benefit payments	The following table reflects the total benefits expected to be paid from the pension plan (in thousands): 2019 $ 503 2020 150 2021 21 2022 64 2023 67 2024-2028 824

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income (Loss) from continuing operations before income tax	Income (loss) before income tax expense (benefit) was as follows (in thousands): For the Years Ended March 31, 2018 2017 2016 United States $ (51,270 ) $ 14,502 $ 18,319 Foreign 5,211 15,185 8,322 $ (46,059 ) $ 29,687 $ 26,641
Schedule of provisions for income taxes on income from continuing operations	The following table summarizes the provision (benefit) for U.S. federal, state and foreign taxes on income (loss) (in thousands): For the Years Ended March 31, 2018 2017 2016 Current: Federal $ 2,828 $ 728 $ 5,600 State 236 352 564 Foreign 1,522 1,711 1,373 4,586 2,791 7,537 Deferred: Federal (11,199 ) (1,260 ) 1,547 State (2,200 ) (161 ) 321 Foreign (726 ) (187 ) — (14,125 ) (1,608 ) 1,868 $ (9,539 ) $ 1,183 $ 9,405
Effective federal income tax rates on income (Loss) from continuing operation before income tax	The differences between the statutory and effective federal income tax rates on income before income taxes were as follows: For the Years Ended March 31, 2018 2017 2016 U.S. federal statutory rate $ (14,509 ) $ 10,390 $ 9,324 State income taxes, less federal benefit (1,681 ) 159 514 Non-deductible goodwill impairment 2,632 — — Foreign tax rate differential (953 ) (2,258 ) — Bargain purchase gain — (6,214 ) — U.S. tax legislation - revaluation of net deferred tax assets and liabilities 1,939 — — U.S. tax legislation - tax on unremitted foreign earnings 2,866 — — Change in tax reserves and valuation allowance 152 (562 ) 190 Permanent book/tax differences (133 ) (58 ) (638 ) Other, net 148 (274 ) 15 $ (9,539 ) $ 1,183 $ 9,405
Net deferred income tax assets (liabilities)	The following temporary differences gave rise to net deferred income tax assets (liabilities) as of March 31, 2018 and 2017 (in thousands): March 31, 2018 2017 Deferred income tax assets: Inventories $ 1,820 $ 658 Accrued expenses 1,523 3,223 Federal net operating loss and credit carryforwards 5,204 — State net operating loss and credit carryforwards 19,397 8,579 Foreign net operating loss carryforwards 4,598 — Intangibles 4,361 — Share-based compensation 1,986 2,455 38,889 14,915 Valuation allowance (23,312 ) (8,608 ) 15,577 6,307 Deferred income tax liabilities: Intangibles — 3,108 Property, plant and equipment 6,529 4,391 Unremitted earnings of foreign subsidiaries — 2,539 Other 248 699 6,777 10,737 Net deferred income tax asset (liability) $ 8,800 $ (4,430 )
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits	A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): March 31, 2018 2017 Gross unrecognized tax benefits at April 1 $ 1,199 $ 1,764 Additions based on tax positions related to the current year 24 63 Additions based on tax positions related to the Simplicity acquisition 774 — Reductions for tax positions of prior years (145 ) (628 ) Gross unrecognized tax benefits at March 31 $ 1,852 $ 1,199

Long-Term Debt and Credit Arr32

Long-Term Debt and Credit Arrangements (Tables)	12 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Summary of maximum credit available to the company on a periodic basis	The facility provides for a revolving line of credit under which the maximum credit available to the Company at any one time automatically adjusts upwards and downwards on a periodic basis among “low”, “medium” and “high” levels (each a “Commitment Level”), as follows: Commitment Period Description Commitment Period Time Frame Commitment Level Low February 1 to June 30 (5 months) $50,000,000 Medium July 1 to October 31 (4 months) $100,000,000 High November 1 to January 31 (3 months) $150,000,000
Schedule of long term debt	The Company also finances certain equipment which is classified in the accompanying consolidated balance sheets as of March 31, 2018 and 2017 as follows (in thousands): March 31, 2018 2017 Current portion of long-term debt $ 154 $ 145 Long-term debt, net of current portion 108 262
Schedule of future minimum capital lease payments	The Company leases certain equipment under capital leases. The future minimum annual lease payments, including interest, associated with the capital lease obligations are as follows (in thousands): 2019 $ 82 2020 79 2021 45 2022 1 2023 — Total minimum lease obligations 207 Less amount representing interest at 4.89% (13 ) Present value of future minimum lease obligations $ 194
Schedule of long term debt maturities	Long-term debt, including capital lease obligations, mature as follows as of March 31, 2018 (in thousands): 2019 $ 228 2020 40,182 2021 45 2022 1 2023 — Total $ 40,456

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Mar. 31, 2018
Leases [Abstract]
Summary of future minimum rental payments	The Company maintains various lease arrangements for property and equipment. The future minimum rental payments associated with all non-cancelable lease obligations are as follows (in thousands): 2019 $ 8,975 2020 7,718 2021 4,993 2022 4,828 2023 3,473 Thereafter 14,105 Total $ 44,092

Fair Value of Financial Instr34

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Financial assets and liabilities measured at fair value on a 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 March 31, 2018 and 2017 . March 31, 2018 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) Assets: Marketable securities $ 359 $ 359 $ — $ — Cash surrender value of life insurance policies 2,007 — 2,007 — Total assets $ 2,366 $ 359 $ 2,007 $ — Liabilities: Interest rate swap agreement $ 110 $ — $ 110 $ — Deferred compensation plans 776 776 — — Total liabilities $ 886 $ 776 $ 110 $ — March 31, 2017 Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) 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 $ — $ —

Segment Disclosure (Tables)

Segment Disclosure (Tables)	12 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Revenues from its various products	The Company’s detail of net sales from its various products is as follows (in thousands): For the Years Ended March 31, 2018 2017 2016 Seasonal $ 122,191 $ 133,749 $ 136,684 Gift 125,399 128,206 130,258 Craft 114,306 60,476 50,075 Total $ 361,896 $ 322,431 $ 317,017

Quarterly Financial Data (Una36

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	2018 Quarters First Second Third Fourth (in thousands, except per share amounts) Net sales $ 48,324 $ 101,397 $ 130,642 $ 81,533 Gross profit $ 11,812 $ 26,675 $ 37,459 $ 16,883 Net income (loss) $ (7,064 ) $ 3,013 $ 5,952 $ (38,421 ) Net income (loss) per common share: Basic $ (0.78 ) $ 0.33 $ 0.65 $ (4.21 ) Diluted $ (0.78 ) $ 0.33 $ 0.65 $ (4.21 ) 2017 Quarters First Second Third Fourth (in thousands, except per share amounts) Net sales $ 45,318 $ 101,291 $ 117,153 $ 58,669 Gross profit $ 12,297 $ 31,600 $ 36,978 $ 12,214 Net income (loss) $ (3,286 ) $ 6,992 $ 29,969 $ (5,171 ) Net income (loss) per common share: Basic $ (0.36 ) $ 0.77 $ 3.30 $ (0.57 ) Diluted $ (0.36 ) $ 0.77 $ 3.29 $ (0.57 )

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Additional Information (Details) shares in Thousands	Feb. 01, 2018USD ($)	Mar. 31, 2018USD ($)employeecontractsegmentshares	Mar. 31, 2017USD ($)contractsegmentshares	Mar. 31, 2016USD ($)shares	Nov. 03, 2017USD ($)	Dec. 13, 2016USD ($)
Summary of Significant Accounting Policies (Textual) [Abstract]
Number of employee employed by the entity | employee		2,000
Number of seasonal employees | employee		2,075
Number of employee represented by labor union | employee		80
Held-to-maturity short-term investments		$ 0	$ 19,931,000
LIFO inventory amount		98,000	134,000
Inventory on consignment		18,720,000	18,417,000
Business acquisition, inventory adjustment		$ 10,683,000	$ 18,187,000
Number of operating segments | segment		1	4
Number of reporting segments | segment		1	1
Depreciation expense		$ 6,455,000	$ 5,173,000	$ 5,643,000
Impairment of intangible assets			0	0
Impairment of long-lived assets			0	0
Interest expense		904,000	298,000	288,000
Interest income		223,000	269,000	400,000
Product development costs capitalized		3,835,000	4,116,000
Product development expense		$ 8,296,000	$ 8,268,000	$ 6,902,000
Antidilutive securities excluded from computation of net income per share | shares		495	505	253
Other Current Assets
Summary of Significant Accounting Policies (Textual) [Abstract]
Product development costs capitalized		$ 3,350,000
Other Long-Term Assets
Summary of Significant Accounting Policies (Textual) [Abstract]
Product development costs capitalized		485,000	$ 480,000
Prepaid Expenses and Other Current Assets
Summary of Significant Accounting Policies (Textual) [Abstract]
Product development costs capitalized			3,636,000
Foreign exchange contract
Summary of Significant Accounting Policies (Textual) [Abstract]
Realized gains		$ (108,000)	$ 56,000	$ 151,000
Number of open forward exchange contracts | contract		0	0
Interest rate swap agreement
Summary of Significant Accounting Policies (Textual) [Abstract]
Term of derivative instrument	5 years
Notional amount	$ 40,000,000
Weighted average interest rate		2.575%
Fixed rate	2.575%
Minimum
Summary of Significant Accounting Policies (Textual) [Abstract]
FIFO inventory amount		$ 524,000	$ 578,000
Minimum | Other Seasonal
Summary of Significant Accounting Policies (Textual) [Abstract]
Period for which production cost capitalized		18 months
Selling season in which production capitalized cost amortized		2 months
Minimum | All Occasion
Summary of Significant Accounting Policies (Textual) [Abstract]
Period for which production cost capitalized		6 months
Selling season in which production capitalized cost amortized		6 months
Maximum | Other Seasonal
Summary of Significant Accounting Policies (Textual) [Abstract]
Period for which production cost capitalized		20 months
Selling season in which production capitalized cost amortized		4 months
Maximum | All Occasion
Summary of Significant Accounting Policies (Textual) [Abstract]
Period for which production cost capitalized		9 months
Selling season in which production capitalized cost amortized		12 months
The McCall Pattern Company
Summary of Significant Accounting Policies (Textual) [Abstract]
Inventory step up						$ 21,773,000
Simplicity Creative Group
Summary of Significant Accounting Policies (Textual) [Abstract]
Inventory step up		$ 4,544,000			$ 10,214,000
Depreciation expense		62,000
Accumulated Net Gain (Loss) from Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income
Summary of Significant Accounting Policies (Textual) [Abstract]
Interest expense		$ 60,000
Nonamortizing Variable-Rate Debt
Summary of Significant Accounting Policies (Textual) [Abstract]
Effective interest rate	3.53%
LIBOR | Nonamortizing Variable-Rate Debt
Summary of Significant Accounting Policies (Textual) [Abstract]
LIBOR rate	0.95%

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Schedule of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Inventories
Raw material	$ 11,602	$ 11,210
Work-in-process	17,809	18,316
Finished goods	73,025	75,732
Inventory, net	$ 102,436	$ 105,258

Summary of Significant Accoun39

Summary of Significant Accounting Policies - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Property, plant and equipment
Property, plant and equipment, Gross	$ 156,761	$ 136,416
Less – Accumulated depreciation and amortization	(104,635)	(100,652)
Net property, plant and equipment	52,126	35,764
Land
Property, plant and equipment
Property, plant and equipment, Gross	7,100	5,838
Buildings, leasehold interests and improvements
Property, plant and equipment
Property, plant and equipment, Gross	45,164	40,661
Machinery, equipment and other
Property, plant and equipment
Property, plant and equipment, Gross	$ 104,497	$ 89,917

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Schedule of Useful Lives (Details)	12 Months Ended
	Mar. 31, 2018
Buildings, leasehold interests and improvements | Maximum
Straight-line method and is based on estimated useful lives or terms of leases
Useful life	45 years
Machinery, equipment and other | Minimum
Straight-line method and is based on estimated useful lives or terms of leases
Useful life	3 years
Machinery, equipment and other | Maximum
Straight-line method and is based on estimated useful lives or terms of leases
Useful life	15 years

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Schedule of Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Numerator:
Net income (loss)	$ (38,421)	$ 5,952	$ 3,013	$ (7,064)	$ (5,171)	$ 29,969	$ 6,992	$ (3,286)	$ (36,520)	$ 28,504	$ 17,236
Denominator:
Weighted average shares outstanding for basic income per common share (in shares)									9,108	9,074	9,147
Effect of dilutive stock options (in shares)									0	41	92
Adjusted weighted average shares outstanding for diluted income per common share (in shares)									9,108	9,115	9,239
Basic net income per common share (in dollars per share)	$ (4.21)	$ 0.65	$ 0.33	$ (0.78)	$ (0.57)	$ 3.30	$ 0.77	$ (0.36)	$ (4.01)	$ 3.14	$ 1.88
Diluted net income per common share (in dollars per share)	$ (4.21)	$ 0.65	$ 0.33	$ (0.78)	$ (0.57)	$ 3.29	$ 0.77	$ (0.36)	$ (4.01)	$ 3.13	$ 1.87

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Cash paid during the year for:
Interest	$ 511	$ 264	$ 210
Income taxes	1,484	2,270	9,736
Details of acquisitions:
Fair value of assets acquired	92,666	50,445	20,796
Liabilities assumed	23,049	15,416	1,251
Net assets acquired	69,617	35,029	19,545
Amount due seller	2,500	0	0
Cash paid	67,117	35,029	19,545
Less cash acquired	1,889	0	0
Less gain on bargain purchases	0	19,990	0
Net cash paid for acquisitions	$ 65,228	$ 15,039	$ 19,545

Business Acquisitions - Additio

Business Acquisitions - Additional Information (Details) - USD ($)	Nov. 03, 2017	Dec. 13, 2016	Jul. 08, 2016	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2018	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Business Acquisition [Line Items]
Cash paid							$ 67,117,000	$ 35,029,000	$ 19,545,000
Borrowings on revolving credit facility							87,476,000	0	0
Amount due seller							2,500,000	0	0
Goodwill						$ 0	0	19,916,000	19,974,000
Depreciation expense							6,455,000	5,173,000	5,643,000
Accretion of asset retirement obligation							51,000	0	0
Goodwill impairment							29,558,000
Net assets acquired						69,617,000	69,617,000	35,029,000	19,545,000
Gain on bargain purchases							0	$ 19,990,000	$ 0
Simplicity Creative Group
Business Acquisition [Line Items]
Cash paid	$ 69,617,000
Transaction costs	3,411,000
Borrowings on revolving credit facility	60,000,000
Amount due seller	2,500,000
Goodwill	9,642,000
Asset retirement obligations acquired						1,163,000	1,163,000
Depreciation expense							62,000
Accretion of asset retirement obligation							51,000
Revenue from acquiree since acquisition						35,581,000
Loss from acquiree since acquisition						11,329,000
Goodwill impairment						9,642,000
Inventory step up	10,214,000					4,544,000	4,544,000
Net assets acquired	$ 69,617,000
The McCall Pattern Company
Business Acquisition [Line Items]
Cash paid		$ 13,914,000
Transaction costs		1,484,000
Inventory step up		21,773,000
Net assets acquired		$ 33,528,000
Gain on bargain purchases				$ 19,711,000
Lawrence Schiff Silk Mills, Inc.
Business Acquisition [Line Items]
Cash paid			$ 1,125,000
Net assets acquired			$ 1,501,000
Gain on bargain purchases					$ 376,000
Other long-term obligations | Simplicity Creative Group
Business Acquisition [Line Items]
Asset retirement obligation						$ 1,214,000	$ 1,214,000

Business Acquisitions - Assets

Business Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($)	Mar. 31, 2018	Nov. 03, 2017	Mar. 31, 2017	Mar. 31, 2016
Business Acquisition [Line Items]
Accounts receivable			$ 2,762,000
Inventory			32,206,000
Other assets			553,000
Total current assets			35,521,000
Property, plant and equipment			9,473,000
Intangible assets			4,900,000
Goodwill	$ 0		19,916,000	$ 19,974,000
Other			551,000
Total assets acquired	92,666,000		50,445,000	20,796,000
Current liabilities			5,328,000
Deferred tax liability			9,419,000
Long-term debt			516,000
Other long-term obligations			153,000
Total liabilities assumed	23,049,000		15,416,000	1,251,000
Net assets acquired	$ 69,617,000		$ 35,029,000	$ 19,545,000
Simplicity Creative Group
Business Acquisition [Line Items]
Cash		$ 1,889,000
Accounts receivable		11,787,000
Inventory		30,804,000
Other assets		1,460,000
Total current assets		45,940,000
Property, plant and equipment		15,188,000
Intangible assets		20,982,000
Goodwill		9,642,000
Other		914,000
Total assets acquired		92,666,000
Current liabilities		16,912,000
Long-term debt		840,000
Other long-term obligations		5,297,000
Total liabilities assumed		23,049,000
Net assets acquired		$ 69,617,000

Business Acquisitions - Pro For

Business Acquisitions - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Business Combinations [Abstract]
Supplemental pro forma revenue	$ 413,577	$ 440,676
Supplemental pro forma earnings	$ (18,131)	$ 15,465
Supplemental pro forma earnings per basic share (in dollars per share)	$ (1.99)	$ 1.70
Supplemental pro forma earnings per diluted share (in dollars per share)	$ (1.99)	$ 1.70

Goodwill, Other Intangible As46

Goodwill, Other Intangible Assets and Long-Lived Assets - Schedule of Goodwill (Details) - USD ($)	5 Months Ended	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2018	Mar. 31, 2017
Summary of goodwill
Beginning Balance		$ 19,916,000	$ 19,974,000
Impairment charge		(29,558,000)
Ending Balance	$ 0	0	19,916,000
Blumenthal Lansing Company, LLC
Summary of goodwill
Decrease in goodwill - Blumenthal			$ (58,000)
Simplicity Creative Group
Summary of goodwill
Beginning Balance	9,642,000
Acquisition of Simplicity		$ 9,642,000
Impairment charge	$ (9,642,000)

Goodwill, Other Intangible As47

Goodwill, Other Intangible Assets and Long-Lived Assets - Rollforward of Intangible Assets (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Indefinite-lived Intangible Assets [Roll Forward]
Impairment charge		$ 0	$ 0
Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 39,757,000	39,157,000
Purchase of customer lists		100,000
Ending balance	48,657,000	39,757,000	39,157,000
Favorable lease contracts
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	0
Ending balance	3,882,000	0
Tradenames and trademarks
Indefinite-lived Intangible Assets [Roll Forward]
Beginning balance	19,953,000	15,553,000
Impairment charge	(3,800,000)
Ending balance	24,353,000	19,953,000	$ 15,553,000
The McCall Pattern Company | Tradenames and trademarks
Indefinite-lived Intangible Assets [Roll Forward]
Acquisition		4,400,000
Lawrence Schiff Silk Mills, Inc. | Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Acquisition		$ 500,000
Simplicity Creative Group | Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Acquisition	8,900,000
Simplicity Creative Group | Favorable lease contracts
Finite-lived Intangible Assets [Roll Forward]
Acquisition	3,882,000
Simplicity Creative Group | Tradenames and trademarks
Indefinite-lived Intangible Assets [Roll Forward]
Acquisition	$ 8,200,000

Goodwill, Other Intangible As48

Goodwill, Other Intangible Assets and Long-Lived Assets - Additional Information (Details) - USD ($)	5 Months Ended	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016	Nov. 03, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization expense		$ 4,032,000	$ 3,304,000	$ 2,665,000
Goodwill	$ 0	0	19,916,000	19,974,000
Goodwill impairment		$ 29,558,000
Impairment charge			0	$ 0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period		13 years
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period		10 years
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period		10 years
Covenant Not to Compete
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period		5 years
Tradenames and trademarks
Finite-Lived Intangible Assets [Line Items]
Impairment charge		$ 3,800,000
Simplicity Creative Group
Finite-Lived Intangible Assets [Line Items]
Goodwill					$ 9,642,000
Goodwill impairment	$ 9,642,000
Simplicity Creative Group | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite lived assets acquired		8,900,000
Simplicity Creative Group | Favorable lease contracts
Finite-Lived Intangible Assets [Line Items]
Finite lived assets acquired		$ 3,882,000
Weighted average amortization period		4 years
Simplicity Creative Group | Tradenames and trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived assets acquired		$ 8,200,000
Weighted average amortization period		10 years
The McCall Pattern Company | Tradenames and trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived assets acquired			4,400,000
Lawrence Schiff Silk Mills, Inc. | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite lived assets acquired			500,000
Weighted average amortization period		5 years
Third Party | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite lived assets acquired			$ 100,000
Weighted average amortization period		2 years

Goodwill, Other Intangible As49

Goodwill, Other Intangible Assets and Long-Lived Assets - Schedule of Gross Carrying Amount and Accumulated Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 21,960	$ 17,928
Gross Carrying Amount, intangible asset	78,989	61,807
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, finite lived	48,657	39,757	$ 39,157
Accumulated Amortization	19,976	16,495
Favorable lease contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, finite lived	3,882	0
Accumulated Amortization	299	0
Patents
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, finite lived	1,164	1,164
Accumulated Amortization	941	825
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, finite lived	403	403
Accumulated Amortization	393	363
Covenant Not to Compete
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, finite lived	530	530
Accumulated Amortization	351	245
Tradenames and trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, indefinite lived	$ 24,353	$ 19,953	$ 15,553

Goodwill, Other Intangible As50

Goodwill, Other Intangible Assets and Long-Lived Assets - Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2018USD ($)
Composition of intangibles and amortization expense
2,019	$ 4,912
2,020	4,751
2,021	4,264
2,022	4,167
2,023	$ 3,451

Treasury Stock Transactions (De

Treasury Stock Transactions (Details) - USD ($) $ in Thousands	Mar. 04, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Treasury Stock Transactions (Textual) [Abstract]
Number of shares repurchased of the company's common stock	45,000	0	0	397,789
Value of shares repurchased of the company's common stock	$ 1,274			$ 11,274
Remaining shares available for repurchase under the Board's authorization		303,166

Share-Based Plans - Additional

Share-Based Plans - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 15, 2017	Aug. 11, 2015	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
2013 Stock Compensation Plan
Stock-Based Compensation (Textual) [Abstract]
Expiry period of option			10 years
Shares available for grant			591,068
Service-Based Options | 2013 Stock Compensation Plan
Stock-Based Compensation (Textual) [Abstract]
Exercisable rate percentage			25.00%
Exercisable period			1 year
Stock Option
Stock-Based Compensation (Textual) [Abstract]
Weighted average fair value of stock options granted (in dollars per share)			$ 7.40	$ 6.25	$ 7.24
Intrinsic value of options exercised			$ 217	$ 253	$ 428
Fair value of stock options vested			850	1,048	909
Total unrecognized compensation cost related to non-vested stock option awards			$ 1,439
Equity incentive plan recognized over a weighted average period			2 years 5 months 26 days
Share based compensation expense			$ 628	666	872
Recognized tax benefit			$ 159	256	331
RSUs
Stock-Based Compensation (Textual) [Abstract]
Equity incentive plan recognized over a weighted average period			2 years 3 months 22 days
Recognized tax benefit			$ 345	431	332
Fair value of restricted stock units vested			1,108	806	1,053
Total unrecognized compensation cost related to non-vested RSUs			$ 2,162
Number of RSUs Granted (in shares)			92,680
RSUs | Board of Directors Chairman
Stock-Based Compensation (Textual) [Abstract]
Number of RSUs Granted (in shares)		10,000
Lump sum cash payment of RSUs converted	$ 266
Employee-related Liabilities			$ 210
Dividend equivalents			2	8	6
Selling, General and Administrative Expenses | RSUs
Stock-Based Compensation (Textual) [Abstract]
Share based compensation expense			$ 1,368	$ 1,118	$ 875
Tranche one | Service-Based RSUs | 2013 Stock Compensation Plan
Stock-Based Compensation (Textual) [Abstract]
Exercisable rate percentage			50.00%

Share-Based Plans - Stock Optio

Share-Based Plans - Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Number of Options
Outstanding, Number of Options, Beginning Balance (in shares) | shares	554,575
Granted, Number of Options (in shares) | shares	124,000
Exercised, Number of Options (in shares) | shares	(29,775)
Forfeited/canceled, Number of Options (in shares) | shares	(111,000)
Outstanding, Number of Options, Ending Balance (in shares) | shares	537,800
Exercisable, Number of Options (in shares) | shares	174,887
Expected to Vest, Number of Options (in shares) | shares	299,445
Weighted Average Exercise Price
Outstanding, Weighted Average Exercise Price Beginning Balance (in dollars per share) | $ / shares	$ 26.05
Granted, Weighted Average Exercise Price (in dollars per share) | $ / shares	27.52
Exercised, Weighted Average Exercise Price (in dollars per share) | $ / shares	19.26
Forfeited/canceled, Weighted Average Exercise Price (in dollars per share) | $ / shares	28.08
Outstanding, Weighted Average Exercise Price Ending Balance (in dollars per share) | $ / shares	26.35
Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	25.22
Expected to Vest, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 27.39
Outstanding, Weighted Average Remaining Contractual Life	4 years 10 months
Exercisable, Weighted Average Remaining Contractual Life	2 years 9 months 7 days
Expected to Vest, Weighted Average Remaining Contractual Life	6 years 4 months 26 days
Outstanding, Aggregate Intrinsic Value | $	$ 0
Exercisable, Aggregate Intrinsic Value | $	0
Expected to Vest, Aggregate Intrinsic Value | $	$ 0

Share-Based Plans - Stock Opt54

Share-Based Plans - Stock Option Valuation Assumptions (Details) - Stock Options	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Schedule of the fair value of each stock option granted
Expected dividend yield at time of grant	2.91%	2.91%	2.58%
Expected stock price volatility	34.00%	35.00%	37.00%
Risk-free interest rate	2.21%	1.66%	1.92%
Expected life of option	6 years 3 months	4 years 9 months	4 years 7 months 23 days

Share-Based Plans - Restricted

Share-Based Plans - Restricted Stock Activity (Details) - RSUs	12 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of RSUs
Number of RSUs Outstanding, Beginning Balance (in shares) | shares	185,377
Number of RSUs Granted (in shares) | shares	92,680
Number of RSUs Vested (in shares) | shares	(17,352)
Number of RSUs Forfeited/canceled (in shares) | shares	(49,450)
Number of RSUs Outstanding, Ending Balance (in shares) | shares	211,255
Weighted Average Fair Value
Weighted Average Fair Value Outstanding, Beginning Balance (in dollars per share) | $ / shares	$ 20.14
Weighted Average Fair Value, Granted (in dollars per share) | $ / shares	25.10
Weighted Average Fair Value, Vested (in dollars per share) | $ / shares	26.54
Weighted Average Fair Value, Forfeited/canceled (in dollars per share) | $ / shares	20.69
Weighted Average Fair Value Outstanding, Ending Balance (in dollars per share) | $ / shares	$ 21.66
Weighted Average Remaining Contractual Life	1 year 10 months 13 days

Share-Based Plans - Restricte56

Share-Based Plans - Restricted Stock Valuation Assumptions (Details) - RSUs	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield at time of grant	2.99%	2.60%
Expected stock price volatility	33.00%	37.00%
Risk-free interest rate	1.20%	1.29%

Retirement Benefit Plans - Addi

Retirement Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016	Dec. 13, 2016
Retirement Benefit Plans (Textual) [Abstract]
Retirement benefit plans expense	$ 1,233	$ 864	$ 758
Expected actuarial loss	$ 1
Net periodic benefit discount rate	4.00%	4.25%	3.75%
Assumed health care cost trend rates	9.00%	9.00%	9.00%
Assumed health care cost trending down ultimate rate	5.00%
Benefit obligation discount rate	4.00%	4.00%
Net periodic pension and postretirement medical costs	$ 30	$ 33	$ 32
Other assets
Retirement Benefit Plans (Textual) [Abstract]
Net pension assets	570
Postretirement Medical Plan
Retirement Benefit Plans (Textual) [Abstract]
Other long- term benefit obligation	730	787	$ 816
Net gain (loss) recognized in accumulated other comprehensive loss Net Of Tax	(53)
Postretirement Medical Plan | Accrued other expenses
Retirement Benefit Plans (Textual) [Abstract]
Other long- term benefit obligation	62	65
Postretirement Medical Plan | Other long term obligation
Retirement Benefit Plans (Textual) [Abstract]
Other long- term benefit obligation	668	722
Defined Benefit Pension Plan
Retirement Benefit Plans (Textual) [Abstract]
Net pension assets	4,453	3,929		$ 4,511
Other long- term benefit obligation	3,883	4,027		$ 4,482
Net gain (loss) recognized in accumulated other comprehensive loss Net Of Tax	$ 304	$ (124)
Net periodic benefit discount rate	2.70%	2.70%
Benefit obligation discount rate	2.60%	2.70%
Estimated long term rate of return	4.00%	4.00%
Expected contributions in fiscal 2019	$ 70
Defined Benefit Pension Plan | Other long term obligation
Retirement Benefit Plans (Textual) [Abstract]
Other long- term benefit obligation		$ 98

Retirement Benefit Plans - Reco

Retirement Benefit Plans - Reconciliation of Benefit Obligation (Details) - Postretirement Medical Plan - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of reconciliation of the benefit obligation for the postretirement medical plan
Benefit obligation at beginning of year	$ 787	$ 816
Interest cost	30	33
Actuarial (gain) loss	(22)	3
Benefits paid	(65)	(65)
Benefit obligation at end of year	$ 730	$ 787

Retirement Benefit Plans - Re59

Retirement Benefit Plans - Reconciliation of Defined Benefit Pension Plan (Details) - Defined Benefit Pension Plan - USD ($) $ in Thousands	4 Months Ended	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Change in benefit obligation:
Benefit obligation at beginning of year	$ 4,482	$ 4,027
Interest cost	32	107	$ 32
Actuarial (gain) loss	178	(233)
Benefits paid	(639)	(455)
Foreign currency impact	(26)	437
Benefit obligation at end of year	4,027	3,883	4,027
Change in plan assets:
Fair value of assets at beginning of year	4,511	3,929
Actual return on plan assets	66	451
Employer contributions	19	66
Benefits paid	(639)	(455)
Foreign currency impact	(28)	462
Fair value of assets at end of year	3,929	4,453	3,929
Funded status at March 31, 2018 and 2017	$ (98)	$ 570	$ (98)

Retirement Benefit Plans - Net

Retirement Benefit Plans - Net Periodic Pension Benefit (Details) - Defined Benefit Pension Plan - USD ($) $ in Thousands	4 Months Ended	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 32	$ 107	$ 32
Expected return on plan assets		(148)	(42)
Net periodic pension benefit		$ (41)	$ (10)

Retirement Benefit Plans - Expe

Retirement Benefit Plans - Expected Benefit Payments (Details) - Defined Benefit Pension Plan $ in Thousands	Mar. 31, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,019	$ 503
2,020	150
2,021	21
2,022	64
2,023	67
2024-2028	$ 824

Income Taxes - Income from Cont

Income Taxes - Income from Continuing Operations Before Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Income (loss) from continuing operations before income tax expense
United States	$ (51,270)	$ 14,502	$ 18,319
Foreign	5,211	15,185	8,322
Income before income taxes	$ (46,059)	$ 29,687	$ 26,641

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Current:
Federal	$ 2,828	$ 728	$ 5,600
State	236	352	564
Foreign	1,522	1,711	1,373
Current Income Tax Expense (Benefit), Total	4,586	2,791	7,537
Deferred:
Federal	(11,199)	(1,260)	1,547
State	(2,200)	(161)	321
Foreign	(726)	(187)	0
Deferred Income Tax Expense (Benefit), Total	(14,125)	(1,608)	1,868
Income Tax Expense (Benefit), Total	$ (9,539)	$ 1,183	$ 9,405

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Income Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Effective federal income tax rates on income (Loss) from continuing operation before income tax
U.S. federal statutory rate	$ (14,509)	$ 10,390	$ 9,324
State income taxes, less federal benefit	(1,681)	159	514
Non-deductible goodwill impairment	2,632	0	0
Foreign tax rate differential	(953)	(2,258)	0
Bargain purchase gain	0	(6,214)	0
U.S. tax legislation - revaluation of net deferred tax assets and liabilities	1,939	0	0
U.S. tax legislation - tax on unremitted foreign earnings	2,866	0	0
Change in tax reserves and valuation allowance	152	(562)	190
Permanent book/tax differences	(133)	(58)	(638)
Other, net	148	(274)	15
Income Tax Expense (Benefit), Total	$ (9,539)	$ 1,183	$ 9,405

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Income Tax [Line Items]
Income tax benefit to remeasure deferred taxes	$ 1,939
One-time mandatory repatriation transition tax	$ 2,866
Increased in additional paid-in capital		$ 243	$ 687	$ 645
Valuation allowances		23,312	8,608
Reductions as a result of administrative procedure			628
Gross unrecognized tax benefit		1,852	1,199	$ 1,764
Unrecognized tax benefits, if recognized		852
Accrued interest and penalties related to unrecognized tax benefits		516
Accrued interest and penalties recorded during the current year		12
Domestic Tax Authority
Income Tax [Line Items]
Operating loss carryforwards		5,204	0
Deferred tax assets, operating loss carryforwards		5,156	4,619
State and Local Jurisdiction
Income Tax [Line Items]
Deferred tax assets, operating loss carryforwards		19,397	8,579
Foreign Tax Authority
Income Tax [Line Items]
Operating loss carryforwards		$ 4,598	$ 0

Income Taxes - Deferred Income

Income Taxes - Deferred Income Tax Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Deferred income tax assets:
Inventories	$ 1,820	$ 658
Accrued expenses	1,523	3,223
Federal net operating loss and credit carryforwards	5,204	0
State net operating loss and credit carryforwards	19,397	8,579
Foreign net operating loss carryforwards	4,598	0
Intangibles	4,361	0
Share-based compensation	1,986	2,455
Gross Deferred income tax assets	38,889	14,915
Valuation allowance	(23,312)	(8,608)
Net	15,577	6,307
Deferred income tax liabilities:
Intangibles	0	3,108
Property, plant and equipment	6,529	4,391
Unremitted earnings of foreign subsidiaries	0	2,539
Other	248	699
Gross Deferred income tax liabilities	6,777	10,737
Net deferred income tax asset (liability)	$ 8,800
Net deferred income tax asset (liability)		$ (4,430)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits
Gross unrecognized tax benefits, Beginning balance	$ 1,199	$ 1,764
Additions based on tax positions related to the current year	24	63
Additions based on tax positions related to the Simplicity acquisition	774	0
Reductions for tax positions of prior years	(145)	(628)
Gross unrecognized tax benefits, Ending balance	$ 1,852	$ 1,199

Long-Term Debt and Credit Arr68

Long-Term Debt and Credit Arrangements - Additional Information (Details)	12 Months Ended
	Mar. 31, 2018USD ($)occurance	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Mar. 24, 2015bank
Revolving Credit Facility (Textual) [Abstract]
Revolving credit facility agreement with number of banks | bank				2
Notice period required for the company to exercise an option	15 days
Number of times commitment level option may be exercised | occurance	3
Unused commitment fee percentage	0.275%
Borrowings under the facility	$ 87,476,000	$ 0	$ 0
Interest coverage ratio	3.50
Low
Revolving Credit Facility (Textual) [Abstract]
Commitment Level	$ 50,000,000
Consecutive period of time commitment level must remain	3 months
Low | Minimum
Revolving Credit Facility (Textual) [Abstract]
Commitment Level	$ 62,500,000
Low | Maximum
Revolving Credit Facility (Textual) [Abstract]
Commitment Level	125,000,000
Medium
Revolving Credit Facility (Textual) [Abstract]
Commitment Level	100,000,000
Medium | Maximum
Revolving Credit Facility (Textual) [Abstract]
Commitment Level	125,000,000
2011 March Revolving Credit Facility
Revolving Credit Facility (Textual) [Abstract]
Credit facility maximum borrowing amount	20,000,000
Borrowings outstanding	$ 40,000,000	0
Weighted average interest rate	2.49%
Average amount outstanding during period	$ 21,526,000
Maximum amount outstanding during period	67,766,000
Borrowings under the facility		0
Letters of Credit Outstanding	1,853,000	$ 1,097,000
Tangible net worth of revolving credit facility	$ 170,000,000
LIBOR | 2011 March Revolving Credit Facility
Revolving Credit Facility (Textual) [Abstract]
LIBOR rate	0.95%
LIBOR Market Index Rate | 2011 March Revolving Credit Facility
Revolving Credit Facility (Textual) [Abstract]
LIBOR rate	0.95%

Long-Term Debt and Credit Arr69

Long-Term Debt and Credit Arrangements - Commitment Period (Details)	12 Months Ended
	Mar. 31, 2018USD ($)
Summary of maximum credit available to the company on a periodic basis
Commitment Low level period	5 months
Commitment Medium level period	4 months
Commitment High level period	3 months
Low
Summary of maximum credit available to the company on a periodic basis
Commitment Period Time Frame	February 1 to June 30 (5 months)
Commitment Level	$ 50,000,000
Medium
Summary of maximum credit available to the company on a periodic basis
Commitment Period Time Frame	July 1 to October 31 (4 months)
Commitment Level	$ 100,000,000
High
Summary of maximum credit available to the company on a periodic basis
Commitment Period Time Frame	November 1 to January 31 (3 months)
Commitment Level	$ 150,000,000

Long-Term Debt and Credit Arr70

Long-Term Debt and Credit Arrangements - Balance Sheet Classification (Details) - Financed Computer Equipment - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Debt Instrument [Line Items]
Current portion of long-term debt	$ 154	$ 145
Long-term debt, net of current portion	$ 108	$ 262

Long-Term Debt and Credit Arr71

Long-Term Debt and Credit Arrangements - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2018USD ($)
Debt Instrument [Line Items]
2,019	$ 82
2,020	79
2,021	45
2,022	1
2,023	0
Total minimum lease obligations	207
Less amount representing interest at 4.89%	(13)
Present value of future minimum lease obligations	$ 194
Capital lease obligations
Debt Instrument [Line Items]
Interest percentage	4.89%

Long-Term Debt and Credit Arr72

Long-Term Debt and Credit Arrangements - Maturity of Long Term Debt (Details) $ in Thousands	Mar. 31, 2018USD ($)
Debt Disclosure [Abstract]
2,019	$ 228
2,020	40,182
2,021	45
2,022	1
2,023	0
Total	$ 40,456

Operating Leases - Future Minim

Operating Leases - Future Minimum Rental Payments (Details) $ in Thousands	Mar. 31, 2018USD ($)
Summary of future minimum rental payments
2,019	$ 8,975
2,020	7,718
2,021	4,993
2,022	4,828
2,023	3,473
Thereafter	14,105
Total	$ 44,092

Operating Leases - Additional I

Operating Leases - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Leases [Abstract]
Operating lease rent expense	$ 9,423	$ 6,468	$ 5,910
Sublease rental income	$ 341	$ 194	$ 152

Fair Value of Financial Instr75

Fair Value of Financial Instruments - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)employeeexecutiveInsurancePolicy	Mar. 31, 2018USD ($)employeeexecutiveInsurancePolicy	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Nov. 03, 2017USD ($)	Dec. 13, 2016USD ($)	Jul. 08, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contracts outstanding	$ 0	$ 0	$ 0
Number of employees with supplemental executive retirement accounts | employee	4	4
Intangible assets acquired			4,900,000
Inventory acquired			32,206,000
Impairment of goodwill and intangible assets	$ 27,125,000	$ 33,358,000	0	$ 0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability outstanding	$ 886,000	$ 886,000	364,000
Number of life insurance policies | InsurancePolicy	2	2
Number of former executives | executive	2	2
Simplicity Creative Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible assets acquired					$ 20,982,000
Inventory acquired					$ 30,804,000
Lawrence Schiff Silk Mills, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible assets acquired							$ 500,000
Trade Names | The McCall Pattern Company
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite lived assets acquired						$ 4,400,000
Customer Lists
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite lived assets acquired			100,000
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%	50.00%
Interest rate swap agreement | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability outstanding	$ 110,000	$ 110,000	$ 0

Fair Value of Financial Instr76

Fair Value of Financial Instruments - Fair Value Hierarchy (Details) - Recurring - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Assets:
Total assets	$ 2,366,000	$ 1,506,000
Liabilities:
Total liabilities	886,000	364,000
Interest rate swap agreement
Liabilities:
Total liabilities	110,000	0
Deferred compensation plans
Liabilities:
Total liabilities	776,000	364,000
Marketable securities
Assets:
Total assets	359,000	319,000
Cash surrender value of life insurance policies
Assets:
Total assets	2,007,000	1,187,000
Level 1
Assets:
Total assets	359,000	319,000
Liabilities:
Total liabilities	776,000	364,000
Level 1 | Interest rate swap agreement
Liabilities:
Total liabilities	0
Level 1 | Deferred compensation plans
Liabilities:
Total liabilities	776,000	364,000
Level 1 | Marketable securities
Assets:
Total assets	359,000	319,000
Level 1 | Cash surrender value of life insurance policies
Assets:
Total assets	0	0
Level 2
Assets:
Total assets	2,007,000	1,187,000
Liabilities:
Total liabilities	110,000	0
Level 2 | Interest rate swap agreement
Liabilities:
Total liabilities	110,000
Level 2 | Deferred compensation plans
Liabilities:
Total liabilities	0	0
Level 2 | Marketable securities
Assets:
Total assets	0	0
Level 2 | Cash surrender value of life insurance policies
Assets:
Total assets	2,007,000	1,187,000
Level 3
Assets:
Total assets	0	0
Liabilities:
Total liabilities	0	0
Level 3 | Interest rate swap agreement
Liabilities:
Total liabilities	0
Level 3 | Deferred compensation plans
Liabilities:
Total liabilities	0	0
Level 3 | Marketable securities
Assets:
Total assets	0	0
Level 3 | Cash surrender value of life insurance policies
Assets:
Total assets	$ 0	$ 0

Segment Disclosure (Details)

Segment Disclosure (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Revenues from its various products
Revenues	$ 81,533	$ 130,642	$ 101,397	$ 48,324	$ 58,669	$ 117,153	$ 101,291	$ 45,318	$ 361,896	$ 322,431	$ 317,017
Seasonal
Revenues from its various products
Revenues									122,191	133,749	136,684
Gift
Revenues from its various products
Revenues									125,399	128,206	130,258
Craft
Revenues from its various products
Revenues									$ 114,306	$ 60,476	$ 50,075

Segment Disclosure - Additional

Segment Disclosure - Additional Information (Details) - segment	9 Months Ended	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Segment Disclosure (Textual) [Abstract]
Number of reporting segments		1	1
Customer Concentration Risk | Sales | One Customer
Segment Disclosure (Textual) [Abstract]
Sales accounted, percentage		25.00%	30.00%	30.00%
Customer Concentration Risk | Sales | Second Customer
Segment Disclosure (Textual) [Abstract]
Sales accounted, percentage	10.00%		10.00%

Recent Accounting Pronounceme79

Recent Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill impairment	$ 29,558
Accounting Standards Update 2016-09, Excess Tax Benefit Component
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes		$ 1,059
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in accounting principle	$ 1,059
Retained Earnings | Accounting Standards Update 2016-09, Excess Tax Benefit Component
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in accounting principle		$ 1,059

Quarterly Financial Data (Una80

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Quarterly Financial Data (Unaudited)
Net sales	$ 81,533	$ 130,642	$ 101,397	$ 48,324	$ 58,669	$ 117,153	$ 101,291	$ 45,318	$ 361,896	$ 322,431	$ 317,017
Gross profit	16,883	37,459	26,675	11,812	12,214	36,978	31,600	12,297	92,829	93,089	102,271
Net income (loss)	$ (38,421)	$ 5,952	$ 3,013	$ (7,064)	$ (5,171)	$ 29,969	$ 6,992	$ (3,286)	$ (36,520)	$ 28,504	$ 17,236
Net income (loss) per common share:
Basic (in dollars per share)	$ (4.21)	$ 0.65	$ 0.33	$ (0.78)	$ (0.57)	$ 3.30	$ 0.77	$ (0.36)	$ (4.01)	$ 3.14	$ 1.88
Diluted (in dollars per share)	$ (4.21)	$ 0.65	$ 0.33	$ (0.78)	$ (0.57)	$ 3.29	$ 0.77	$ (0.36)	$ (4.01)	$ 3.13	$ 1.87

Quarterly Financial Data (Una81

Quarterly Financial Data (Unaudited) - Additional Information (Details) - USD ($)	3 Months Ended							12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Business Acquisition [Line Items]
Impairment of goodwill and intangible assets	$ 27,125,000							$ 33,358,000	$ 0	$ 0
Gain on bargain purchases								$ 0	$ 19,990,000	$ 0
McCall and Simplicity Acquisitions
Business Acquisition [Line Items]
Gross profit related to inventory step-up	5,644,000	$ 5,209,000	$ 3,843,000	$ 3,185,000
Pre-tax severance costs	2,857,000
Simplicity Creative Group
Business Acquisition [Line Items]
Pre-tax transaction and transition costs	$ 168,000	$ 3,243,000
Lawrence Schiff Silk Mills, Inc.
Business Acquisition [Line Items]
Gain on bargain purchases							$ 376,000
The McCall Pattern Company
Business Acquisition [Line Items]
Gross profit related to inventory step-up					$ 3,125,000	$ 452,000
Pre-tax transaction and transition costs					2,473,000
Gain on bargain purchases						$ 19,711,000
Reduction in bargain purchase gain					$ (97,000)

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Thousands	Jun. 01, 2018	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Subsequent Event [Line Items]
Cash paid		$ 67,117	$ 35,029	$ 19,545
Subsidiary of Company | Fitlosophy, Inc. | Subsequent event
Subsequent Event [Line Items]
Cash paid	$ 2,500

Schedule II Valuation and Qua83

Schedule II Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Accounts receivable allowances
Valuation and Qualifying Accounts
Balance at Beginning of Period	$ 1,283	$ 1,363	$ 1,059
Additions Charged to Costs and Expenses	4,035	5,188	2,712
Charged to Other Accounts	0	0	0
Deductions	3,742	5,268	2,408
Balance At End of Period	1,576	1,283	1,363
Accrued customer programs
Valuation and Qualifying Accounts
Balance at Beginning of Period	5,030	3,275	4,042
Additions Charged to Costs and Expenses	15,940	9,716	6,423
Charged to Other Accounts	11,147	2,296	0
Deductions	19,324	10,257	7,190
Balance At End of Period	$ 12,793	5,030	3,275
Accrued restructuring expenses
Valuation and Qualifying Accounts
Balance at Beginning of Period		$ 0	32
Additions Charged to Costs and Expenses			0
Charged to Other Accounts			0
Deductions			32
Balance At End of Period			$ 0