Emerson Radio (MSN) 10-Q14 Feb 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Dec. 31, 2013	Feb. 14, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'MSN	'
Entity Registrant Name	'EMERSON RADIO CORP	'
Entity Central Index Key	'0000032621	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	27,129,832

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Net Revenues:	'	'	'	'
Net product sales	$18,443	$22,608	$59,182	$99,783
Licensing revenue	2,414	2,046	4,665	5,597
Net revenues	20,857	24,654	63,847	105,380
Costs and expenses:	'	'	'	'
Cost of sales	15,986	20,484	52,605	88,759
Other operating costs and expenses	361	253	683	1,046
Selling, general and administrative expenses	3,216	1,926	7,729	5,671
Impairment of trademark	219	'	219	1,326
Total costs and expenses	19,782	22,663	61,236	96,802
Operating income	1,075	1,991	2,611	8,578
Other (loss) income:	'	'	'	'
Loss on settlement of litigation	-4,000	'	-4,000	'
Interest income, net	98	132	441	230
(Loss) income before income taxes	-2,827	2,123	-948	8,808
(Benefit) provision for income taxes	-1,446	430	-1,324	1,328
Net (loss) income	($1,381)	$1,693	$376	$7,480
Net income per share:	'	'	'	'
Basic	($0.05)	$0.06	$0.01	$0.28
Diluted	($0.05)	$0.06	$0.01	$0.28
Weighted average shares outstanding:	'	'	'	'
Basic	27,130	27,130	27,130	27,130
Diluted	27,130	27,130	27,130	27,130

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive(Loss) Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Net (loss) income	($1,381)	$1,693	$376	$7,480
Other comprehensive income, net of tax:	'	'	'	'
Foreign currency translation adj.	'	'	'	427
Comprehensive (loss) income	($1,381)	$1,693	$376	$7,907

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Mar. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013	Mar. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$18,698	$21,412
Restricted cash	'	70
Short term investments	37,226	45,235
Accounts receivable, net	10,278	7,883
Other receivables	1,735	969
Due from affiliates	'	1
Inventory	5,683	3,454
Prepaid expenses and other current assets	2,603	1,873
Deferred tax assets	1,567	1,685
Total current assets	77,790	82,582
Property, plant and equipment, net	210	258
Trademarks, net	'	219
Deferred tax assets	2,579	1,121
Other assets	19	104
Total assets	80,598	84,284
Current liabilities:	'	'
Current maturities of long-term borrowings	43	43
Accounts payable and other current liabilities	4,701	7,790
Accrued sales returns	1,106	965
Income taxes payable	169	1,281
Total current liabilities	6,019	10,079
Capital lease obligations	15	30
Deferred tax liabilities	207	194
Total liabilities	6,241	10,303
Shareholders' equity:	'	'
Preferred shares -$.01 par value, 10,000,000 shares authorized at December 31, 2013 and March 31, 2013, respectively; 3,677 shares issued and outstanding at December 31, 2013 and March 31, 2013, respectively; liquidation preference of $3,677,000 at December 31, 2013 and March 31, 2013, respectively	3,310	3,310
Common shares - $.01 par value, 75,000,000 shares authorized, 52,965,797 shares issued at December 31, 2013 and March 31, 2013, respectively; 27,129,832 shares outstanding at December 31, 2013 and March 31, 2013, respectively	529	529
Additional paid-in capital	98,785	98,785
Accumulated deficit	-4,043	-4,419
Treasury stock, at cost, 25,835,965 shares	-24,224	-24,224
Total shareholders' equity	74,357	73,981
Total liabilities and shareholders' equity	$80,598	$84,284

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Mar. 31, 2013
Preferred shares, par value	$0.01	$0.01
Preferred shares, shares authorized	10,000,000	10,000,000
Preferred shares, shares issued	3,677	3,677
Preferred shares, shares outstanding	3,677	3,677
Preferred shares, liquidation preference	$3,677,000	$3,677,000
Common shares, par value	$0.01	$0.01
Common shares, shares authorized	75,000,000	75,000,000
Common shares, shares issued	52,965,797	52,965,797
Common shares, shares outstanding	27,129,832	27,129,832
Treasury stock, shares	25,835,965	25,835,965

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net income	$376	$7,480
Adjustments to reconcile net income to net cash used by operating activities:	'	'
Depreciation and amortization	71	76
Deferred tax expense	-1,327	188
Asset allowances, reserves and other	-565	-862
Impairment of trademark	219	1,326
Changes in assets and liabilities:	'	'
Accounts receivable	-1,689	7,045
Other receivables	-766	-627
Due from affiliates	1	1
Inventories	-2,229	-1,747
Prepaid expenses and other current assets	-730	-2,547
Other assets	85	228
Accounts payable and other current liabilities	-3,089	2,475
Due to affiliates	'	-11
Interest and income taxes payable	-1,112	387
Net cash (used) provided by operating activities	-10,755	13,412
Cash flows from investing activities:	'	'
Short term investment	8,009	-35,040
Decrease in restricted cash	70	113
Additions to property and equipment	-23	-111
Disposals of property and equipment	'	7
Net cash provided (used) by investing activities	8,056	-35,031
Cash flows from financing activities:	'	'
Repayments of short-term borrowings	'	-22
Net decrease in capital lease	-15	-31
Net cash used by financing activities	-15	-53
Net (decrease) in cash and cash equivalents	-2,714	-21,672
Cash and cash equivalents at beginning of period	21,412	44,960
Cash and cash equivalents at end of period	18,698	23,288
Cash paid during the period for:	'	'
Interest	7	12
Income taxes	$1,171	$606

Background_and_Basis_of_Presen

Background and Basis of Presentation	9 Months Ended
Background and Basis of Presentation	Dec. 31, 2013
Background and Basis of Presentation	'
	NOTE 1 — BACKGROUND AND BASIS OF PRESENTATION
	The consolidated financial statements include the accounts of Emerson Radio Corp. (“Emerson”, consolidated — the “Company”), and its subsidiaries. The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses the Company’s trademarks for a variety of products domestically and internationally.
	The unaudited interim consolidated financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary to present a fair statement of the Company’s consolidated financial position as of December 31, 2013 and the results of operations for the three and nine month periods ended December 31, 2013 and December 31, 2012. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary in order to make the financial statements not misleading have been included. All significant intercompany accounts and transactions have been eliminated in consolidation. The preparation of the unaudited interim consolidated financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes; actual results could materially differ from those estimates. The unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and accordingly do not include all of the disclosures normally made in the Company’s annual consolidated financial statements. Accordingly, these unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the fiscal year ended March 31, 2013 (“fiscal 2013”), included in the Company’s annual report on Form 10-K, as amended, for fiscal 2013.
	The results of operations for the three and nine month periods ended December 31, 2013 are not necessarily indicative of the results of operations that may be expected for any other interim periods or for the full year ended March 31, 2014 (“fiscal 2014”).
	Whenever necessary, reclassifications are made to conform the prior year’s financial statements to the current year’s presentation.
	Unless otherwise disclosed in the notes to these financial statements, the estimated fair value of the financial assets and liabilities approximates the carrying value.
	Subsequent events have been evaluated through February 14, 2014.
	Stock-Based Compensation
	The Company measures compensation cost for stock-based compensation arrangements based on grant date fair value. The computed fair value is expensed ratably over the requisite vesting period as required by ASC Topic 718 “Compensation — Stock Compensation”. All outstanding stock based compensation arrangements issued by the Company were fully vested as of November 30, 2009. Consequently, the Company recorded no compensation costs during either of the three or nine month periods ended December 31, 2013 and December 31, 2012.
	Sales Allowance and Marketing Support Expenses
	Sales allowances, marketing support programs, promotions and other volume-based incentives which are provided to retailers and distributors are accounted for on an accrual basis as a reduction to net revenues in the period in which the related sales are recognized in accordance with ASC topic 605, “Revenue Recognition”, subtopic 50 “Customer Payments and Incentives” and Securities and Exchange Commission Staff Accounting Bulletins 101 “Revenue Recognition in Financial Statements,” and 104 “Revenue Recognition, corrected copy” (“SAB’s 101 and 104”).
	At the time of sale, the Company reduces recognized gross revenue by allowances to cover, in addition to estimated sales returns as required by ASC topic 605, “Revenue Recognition”, subtopic 15 “Products”, (i) sales incentives offered to customers that meet the criteria for accrual under ASC topic 605, subtopic 50 and (ii) under SAB’s 101 and 104, an estimated amount to recognize additional non-offered deductions it anticipates and can reasonably estimate will be taken by customers which it does not expect to recover. Accruals for the estimated amount of future non-offered deductions are required to be made as contra-revenue items because that percentage of shipped revenue fails to meet the collectability criteria within SAB 104’s and 101’s four revenue recognition criteria, all of which are required to be met in order to recognize revenue.
	If additional marketing support programs, promotions and other volume-based incentives are required to promote the Company’s products subsequent to the initial sale, then additional reserves may be required and are accrued for when such support is offered.

Net_Earnings_Per_Share

Net Earnings Per Share	9 Months Ended
Net Earnings Per Share	Dec. 31, 2013
Net Earnings Per Share	'
	NOTE 2 — NET EARNINGS PER SHARE
	The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):


		Three months ended					Nine months ended
		December 31,					December 31,
		2013			2012		2013		2012
	Numerator:
	Net (loss) income	$	(1,381	)	$	1,693	$	376	$	7,480

	Denominator:
	Denominator for basic earnings per share — weighted average shares		27,130			27,130		27,130		27,130
	Effect of dilutive securities on denominator:
	Options (computed using the treasury stock method)		—			—		—		—

	Denominator for diluted earnings per share — weighted average shares and assumed conversions		27,130			27,130		27,130		27,130

	Basic and diluted (loss) earnings per share	$	(.05	)	$	0.06	$	0.01	$	0.28

Shareholders_Equity

Shareholders' Equity	9 Months Ended
Shareholders' Equity	Dec. 31, 2013
Shareholders' Equity	'
	NOTE 3 — SHAREHOLDERS’ EQUITY
	Outstanding capital stock at December 31, 2013 consisted of common stock and Series A preferred stock. The Series A preferred stock is non-voting, has no dividend preferences and has not been convertible since March 31, 2002; however, it retains a liquidation preference.
	At December 31, 2013, the Company had approximately 50,000 options outstanding and exercisable, all of which were non-dilutive for the three and nine month periods ending December 31, 2013 and December 31, 2012, with exercise prices ranging from $3.07 to $3.19. 25,000 of these options expire in January 2016 and 25,000 of these options expire in November 2016.

Inventory

Inventory	9 Months Ended
Inventory	Dec. 31, 2013
Inventory	'
	NOTE 4 — INVENTORY
	Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out method. As of December 31, 2013 and March 31, 2013, inventories consisted of the following (in thousands):


		December 31, 2013		March 31, 2013
		(Unaudited)
	Finished goods	$	5,683	$	3,454

Income_Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2013
Income Taxes	'
	NOTE 5 — INCOME TAXES
	Income Tax Issues Concerning Overseas Income
	On April 15, 2013 and June 5, 2013, Emerson received correspondence from the IRS including a (i) Form 5701 and Form 886-A regarding Adjusted Sales Income (collectively referred to as “NOPA 1”) and (ii) Form 5701 and Form 886-A regarding Adjusted Subpart F-Foreign Base Company Sales Income (collectively referred to as “NOPA 2”).
	With respect to NOPA 1, the IRS is (i) challenging the position of the Company with respect to the way the Company’s controlled foreign corporation in Macao (the “Macao CFC”) recorded its product sales during Fiscal 2010 and Fiscal 2011 and (ii) asserting that an upward adjustment to the Company’s Fiscal 2010 and Fiscal 2011 taxable income of $4,981,520 and $5,680,182, respectively, is required.
	With respect to NOPA 2, the IRS is challenging the position of the Company with respect to the fact that the Company considered the service fee paid by the Company to the Macao CFC to be non-taxable in the U.S. The IRS has taken the position that the service fee paid to the Macao CFC by the Company constitutes foreign base company sales income (“FBCSI”). The IRS asserts that the service fee earned by the Macao CFC in connection with its sales of products to the Company should be taxable to the Company as FBCSI. As a result, the IRS determined that an upward adjustment to the Company’s Fiscal 2010 and Fiscal 2011 taxable income of $1,553,984 and $1,143,162, respectively, is required.
	The Company has evaluated the determinations made by the IRS as set forth in each of NOPA 1 and NOPA 2 in order to decide (a) how it will proceed and (b) the potential impact on the Company’s financial condition and operations. Furthermore, although NOPA 1 and NOPA 2 represent potential adjustments to Fiscal 2010 and Fiscal 2011 only, the Company believes it is likely that the IRS will take the position that the same type of adjustments should be made for each of the Company’s subsequent fiscal years. The assessment and payment of such additional taxes, penalties and interest would have a material adverse effect on the Company’s financial condition and results of operations.
	With respect to NOPA 1, the Company is appealing the proposed adjustment with the IRS. In the event that the Company is not successful in its appeal, the Company estimates that it could be liable for a maximum in taxes, penalties and interest of approximately $13.3 million pertaining to NOPA 1, in the aggregate, for its Fiscal 2010, Fiscal 2011, Fiscal 2012 and Fiscal 2013 periods. However, because the Company’s current assessment is that its appeal of NOPA 1 is more likely than not to be successful, the Company has not recorded any liability to its December 31, 2013 or March 31, 2013 balance sheets related to NOPA 1.
	With respect to NOPA 2, the Company agrees in principle with the IRS’ position that the service fee paid to the Macao CFC by the Company would be treated as FBCSI and taxable to the Company but the Company does not agree with the adjustment to the Company’s taxable income as calculated by the IRS. However, the Company has estimated at approximately $1.1 million the amount of taxes, penalties and interest for which it would be liable for its Fiscal 2010, Fiscal 2011, Fiscal 2012 and Fiscal 2013 periods using the adjustments to taxable income as proposed by the IRS, and recorded such amount as a liability to its December 31, 2013 and March 31, 2013 balance sheets.
	The Company anticipates having approximately $3.2 million of U.S. federal net operating loss carry forwards and some U.S. state net operating loss carry forwards included in net deferred tax assets that are available to offset future taxable income and can be carried forward for 20 years. Although realization is not assured, management believes it is more likely than not that all of the net deferred tax assets will be realized through tax planning strategies available in future periods and through future profitable operating results. The amount of the deferred tax asset considered realizable could be reduced or eliminated if certain tax planning strategies are not successfully executed or estimates of future taxable income during the carry forward period are reduced. If management determines that the Company would not be able to realize all or part of the net deferred tax asset in the future, an adjustment to the deferred tax asset would be charged to income in the period such determination was made.
	The Company’s effective tax rate differs from the federal statutory rate primarily due to expenses that are not deductible for federal income tax purposes, income and losses incurred in foreign jurisdictions and taxed at locally applicable tax rates, and state income taxes.

	The Company is subject to examination and assessment by tax authorities in numerous jurisdictions. A summary of the Company’s open tax years is as follows as of December 31, 2013:


	Jurisdiction	Open tax years
	U.S. federal		2009-2013
	States		2009-2013
	Based on the outcome of tax examinations or due to the expiration of statutes of limitations, it is reasonably possible that the unrecognized tax benefits related to uncertain tax positions taken in previously filed returns may be different from the liabilities that have been recorded for these unrecognized tax benefits. As a result, the Company may be subject to additional tax expense.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2013
Related Party Transactions	'
	NOTE 6 — RELATED PARTY TRANSACTIONS
	From time to time, Emerson engages in business transactions with its controlling shareholder, The Grande Holdings Limited (In Liquidation) (“Grande”), a Bermuda Corporation, and one or more of Grande’s direct and indirect subsidiaries. Set forth below is a summary of such transactions.
	Controlling Shareholder
	Grande has, together with S&T International Distribution Limited (“S&T”), a subsidiary of Grande, and Grande N.A.K.S. Ltd., a subsidiary of Grande (together with Grande, the “Reporting Persons”), filed, on October 15, 2013, a Schedule 13D/A with the Securities and Exchange Commission (“SEC”) stating that, as of the filing date, the Reporting Persons had the shared power to vote and direct the disposition of 15,243,283 shares, or approximately 56.2%, of the outstanding common stock of Emerson. As the Reporting Persons, and by extension Grande (as their ultimate parent) have control of a majority of the outstanding shares of common stock of Emerson, Emerson is a Controlled company, as defined in Section 801(a) of the NYSE MKT Rules.
	On May 31, 2011, upon application of a major creditor, the High Court of Hong Kong appointed Fok Hei Yu (who is also known by the anglicized name Vincent Fok), a current director and Chairman of the Board of the Company, and Roderick John Sutton, both of FTI Consulting (Hong Kong) Limited (“FTI”), as Joint and Several Provisional Liquidators over Grande. Accordingly, as of May 31, 2011, the directors of Grande no longer have the ability to exercise control over Grande or the power to direct the voting and disposition of the 15,243,283 shares beneficially owned by Grande. Instead, Mr. Fok and Mr. Sutton, as Provisional Liquidators over Grande, currently have such power. In addition, on March 20, 2013, the Provisional Liquidators provided to Emerson a written statement that they are obligated to liquidate the 15,243,283 shares in the Company beneficially owned by Grande. The Company can make no assurances regarding whether or to what extent such shares will be liquidated or retained by Grande, the timing, prices or amounts of any sales of shares or the impact, if any, on the Company, its other shareholders or the trading price of its common stock of any actual or anticipated dispositions of shares by the Provisional Liquidators. However, the plans of the Provisional Liquidators to sell the shares beneficially owned by Grande may be changing, based on information in a public announcement recently made by the Provisional Liquidators for and on behalf of Grande on February 12, 2014. That public announcement included the following information relevant to Emerson:

		1	Grande has been in discussions with different investors to pursue a restructuring plan and resumption of trading in Grande’s shares on The Stock Exchange of Hong Kong (the “HKSE”).

		2	The Provisional Liquidators received on November 12, 2013 a restructuring proposal from a creditor of Grande, which proposal was revised pursuant to comments from the Provisional Liquidators on December 2, 2013.

		3	On December 20, 2013, the Provisional Liquidators submitted the revised proposal from that creditor to the HKSE for resumption of the trading of Grande’s shares on the HKSE.

		4	The proposal submitted to the HKSE provides that the operations of Emerson would be retained by the Grande Group.

		5	Under the proposal, creditors of Grande would settle their claims against Grande in exchange for 90% of the total newly-outstanding share capital in Grande.

		6	Christopher Ho is the sole executive director of Grande.
	According to the public announcement, the restructuring plan will require approvals, consents and sanctions of the HKSE, courts in Hong Kong and Bermuda, and the creditors and shareholders of Grande. It is not possible at this time to predict whether this or any other proposal to restructure Grande will be pursued and receive all necessary approvals, nor can there be any assurances regarding the timing, terms or effects of any restructuring proposal that does receive approval. However, as long as the Provisional Liquidators are pursuing this or another restructuring plan that could result in Grande retaining beneficial ownership of the 15,243,283 shares of Emerson common stock, the Provisional Liquidators may not be actively seeking to liquidate those shares, as had been stated in Emerson’s prior Form 10-Q reports. If the restructuring of Grande is completed in accordance with the pending proposal described by the Provisional Liquidators in the public announcement, it is expected that the 15,243,283 shares of Emerson common stock held of record by Grande’s subsidiary, S&T, would remain with S&T and that Grande would once again have the power to direct the voting and disposition of this 56.2% controlling interest in Emerson common stock. The sole executive director on the Board of Grande currently is Mr. Christopher Ho, who was the Chairman of the Board of Emerson until November 7, 2013. Emerson cannot predict nor provide any assurances regarding the possible effects on the Company, its shareholders, the trading price of its common stock or any other consequences that could result if the pending restructuring proposal is approved and Grande comes out of liquidation and again has the power to control Emerson.

	Related Party Transactions
	Rented Office Space in Hong Kong
	Transactions with Brighton Marketing Limited, a subsidiary of Grande
	Until May 2013, at which time these charges ceased, the Company was billed for service charges from Brighton Marketing Limited, a subsidiary of Grande, in connection with the Company’s rented office space in Hong Kong. These charges totaled approximately $1,000 for the three month period ended December 31, 2012. For the nine month periods ended December 31, 2013 and December 31, 2012, these charges totaled approximately $1,000 and $4,000, respectively. Emerson owed Brighton Marketing Limited nil at both December 31, 2013 and December 31, 2012 pertaining to these charges.
	Transactions with The Grande Properties Management Limited, a related party to Christopher Ho, the former Chairman of the Board of Directors of the Company
	The Company is charged for service charges from The Grande Properties Management Limited, a related party to Christopher Ho, the former Chairman of the Board of Directors of the Company, in connection with the Company’s rented office space in Hong Kong. Mr. Ho did not stand for re-election to serve as a director of the Company at the Company’s 2013 Annual Meeting of Stockholders held on November 7, 2013. Accordingly, Mr. Ho is no longer a director of the Company or a related party to the Company after November 7, 2013, and, consequently, such service charges from The Grande Properties Management Limited, are not considered Related Party Transactions after November 7, 2013.
	These charges totaled approximately $3,000 for the period October 1, 2013 through November 7, 2013, and approximately $11,000 for the three month period ended December 31, 2012. These charges totaled approximately $11,000 for the period April 1, 2013 through November 7, 2013, and approximately $31,000 for the nine month period ended December 31, 2012. The Company owed nil to The Grande Properties Management Limited related to these charges at both November 7, 2013 and December 31, 2012.
	Transactions with Lafe Strategic Services Limited, a related party to Christopher Ho, the former Chairman of the Board of Directors of the Company
	Beginning July 3, 2012, the Company entered into a rental agreement with Lafe Strategic Services Limited (“Lafe”), which is a related party to Mr. Ho, whereby the Company was leasing out excess space within its rented office space in Hong Kong to Lafe. The rental agreement was on a month-by-month basis, cancellable by either the Company or Lafe on one month’s written notice. The agreement was cancelled by Lafe effective April 1, 2013 at which time Lafe owed Emerson nil in rental payable from the arrangement. Emerson returned the approximately $6,000 to Lafe in July 2013 that Emerson had been holding as a security deposit in accordance with the terms of the agreement. During the three months ended March 31, 2013, the Company earned rental income of approximately $9,000 from this arrangement, and during the three and nine month periods ended December 31, 2012, the Company earned rental income of approximately $9,000 and $18,000, respectively, from this arrangement.
	Consulting Services Provided to Emerson by one of its Former Directors
	Until such agreement was cancelled by the Company effective November 7, 2013, Mr. Eduard Will, a former director of Emerson, was paid consulting fees by the Company for work performed by Mr. Will related to strategy for the Kayne Litigation as more fully described in Note 8 – “Legal Proceedings – Kayne Litigation” and merger and acquisition research. Mr. Will was not re-elected to serve as a director of the Company at the Company’s 2013 Annual Meeting of Stockholders held on November 7, 2013. Accordingly, Mr. Will is no longer a director of the Company or a related party to the Company after November 7, 2013.
	During the period October 1, 2013 through November 7, 2013, Emerson paid consulting fees of approximately $10,000 to Mr. Will related to strategy for the Kayne Litigation as more fully described in Note 8 – “Legal Proceedings – Kayne Litigation” and merger and acquisition research. In addition, during the same period, Emerson paid a travel advance of approximately $6,000 to Mr. Will, related to this consulting work and his service as a director of Emerson, which travel was completed during November 2013.

	During the period April 1, 2013 through November 7, 2013, Emerson paid consulting fees of approximately $68,000 to Mr. Will for work performed by Mr. Will related to strategy for the Kayne Litigation as more fully described in Note 8 – “Legal Proceedings – Kayne Litigation” and merger and acquisition research. In addition, during the period April 1, 2013 through November 7, 2013, Emerson paid expense reimbursements and advances, in the aggregate, of approximately $6,000 to Mr. Will, related to this consulting work and his service as a director of Emerson.
	During the three months ended December 31, 2012, Emerson paid consulting fees of approximately $29,000 to Mr. Will related to strategy for the Kayne Litigation as more fully described in Note 8 – “Legal Proceedings – Kayne Litigation” and merger and acquisition research. In addition, during the three months ended December 31, 2012, Emerson paid expense reimbursements and advances, in the aggregate, of approximately $13,000 to Mr. Will, related to this consulting work and his service as a director of Emerson.
	During the nine months ended December 31, 2012, Emerson paid consulting fees of approximately $81,000 to Mr. Will for work performed by Mr. Will related to strategy for the Kayne Litigation as more fully described in Note 8 – “Legal Proceedings – Kayne Litigation”, merger and acquisition research, as well as work related to the strategy for a shareholder derivative lawsuit that the Company settled in January 2011. In addition, during the nine months ended December 31, 2012, Emerson paid expense reimbursements and advances, in the aggregate, of approximately $23,000, to Mr. Will, related to this consulting work and his service as a director of Emerson.
	At both November 7, 2013 and December 31, 2012, the Company owed Mr. Will nil related to these activities.
	Dividend-Related Issues with S&T
	On March 2, 2010, the Board declared an extraordinary dividend of $1.10 per common share, which was paid on March 24, 2010. In connection with the Company’s determination as to the taxability of the dividend, the Board relied upon information and research provided to it by the Company’s tax advisors and, in reliance on the “stock-for-debt” exception in the Internal Revenue Code Sections 108(e)(8) and (e)(10), concluded that 4.9% of such dividend paid was taxable to the recipients.
	In August 2012, the Company received a Form 886-A from the IRS which challenges the Company’s conclusions and determines that the Company does not qualify for the above-referenced exception. Accordingly, the IRS has concluded that 100% of the dividend paid was taxable to the recipients. The Company is defending its position and calculations and is contesting the position asserted by the IRS. The Company prepared and, on October 25, 2012, delivered its rebuttal to the IRS contesting the IRS determination. There can be no assurance that the Company will be successful in defending its position.
	In the event that the Company is not successful in establishing with the IRS that the Company’s calculations were correct, then the shareholders who received the dividend likely will be subject to and liable for an assessment of additional taxes due. Moreover, the Company may be contingently liable for taxes due by certain of its shareholders resulting from the dividend paid by the Company.
	Initially, the Company withheld from the dividend paid to foreign shareholders an amount equal to the tax liability associated with such dividend. On April 7, 2010, upon a request made to the Company by its foreign controlling shareholder, S&T, the Company entered into an agreement with S&T (the “Agreement”), whereby the Company returned to S&T on April 7, 2010 that portion of the funds withheld for taxes from the dividend paid on March 24, 2010 to S&T, which the Company believes is not subject to U.S. tax based on the Company’s good-faith estimate of its accumulated earnings and profits. The Agreement includes provisions pursuant to which S&T agreed to indemnify the Company for any liability imposed on it as a result of the Company’s agreement not to withhold such funds for S&T’s possible tax liability and a pledge of stock as collateral. The Company continues to assert that such dividend is largely not subject to U.S. tax based on the Company’s good-faith estimate of its accumulated earnings and profits. In addition, the Company also continues to assert that this transaction results in an off-balance sheet arrangement and a possible contingent tax liability of the Company, which, if recognized, would be offset in part by the calling by the Company on S&T of the indemnification provisions of the Agreement.
	Per the terms of the Agreement, Emerson invoiced S&T in June 2010 approximately $42,000 for reimbursement of legal fees incurred by Emerson with regard to the Agreement and approximately $33,000 as a transaction fee for having entered into the Agreement. In January 2011, Emerson agreed, upon the request of S&T, to waive approximately $5,000 of the legal charges that had been invoiced to S&T in June 2010. S&T paid the full amount owed to Emerson of approximately $70,000 in February 2011.

	In February 2011, upon the request of S&T to the Company, the Company and S&T agreed that the collateral pledged as a part of the Agreement would no longer be required and such collateral was returned by the Company to S&T in March 2011 and the Agreement was amended and restated to remove the collateral requirement but retain the indemnification provisions. The Agreement, as amended (the “Amended Agreement”), remains in effect as of today. In the event that (i) the Company is not successful in establishing with the IRS that the Company’s calculations were correct and (ii) S&T is unable or unwilling to pay the additional taxes due or indemnify the Company under the terms of the Amended Agreement, the Company may be liable to pay such additional taxes which, together with penalties and interest, are currently estimated by the Company to be approximately $4.5 million as of December 31, 2013. Any such liability, should it be required to be recognized by the Company, would likely have a material adverse effect on the Company’s results of operations in the period recognized. S&T is a subsidiary of The Grande Holdings Limited, which is currently in liquidation (as described above in this Note 6 under “Controlling Shareholder”). Therefore, the ability of the Company to enforce its rights to indemnification under the Amended Agreement and to collect from S&T any additional taxes, interest and penalties due may be severely impaired.
	Other
	The Company charges Vigers Appraisal & Consulting Ltd. (“Vigers”), a related party of Christopher Ho, the former Chairman of the Board of Directors of the Company, for usage of telephone and data lines maintained by Emerson. Mr. Ho did not stand for re-election to serve as a director of the Company at the Company’s 2013 Annual Meeting of Stockholders held on November 7, 2013. Accordingly, Mr. Ho is no longer a director of the Company or a related party to the Company after November 7, 2013, and, consequently, such service charges from the Company to Vigers are not considered Related Party Transactions after November 7, 2013.
	These charges totaled approximately $1,000 for the period October 1, 2013 through November 7, 2013, and approximately $1,000 for the three month period ended December 31, 2012. These charges totaled approximately $3,000 for the period April 1, 2013 through November 7, 2013, and approximately $3,000 for the nine month period ended December 31, 2012. Vigers owed the Company nil related to these charges at both November 7, 2013 and December 31, 2012.
	Vigers’ usage of telephone and data lines maintained by Emerson ceased effective on January 1, 2014.

Capital_Lease_Obligations_and_

Capital Lease Obligations and Other Borrowings	9 Months Ended
Capital Lease Obligations and Other Borrowings	Dec. 31, 2013
Capital Lease Obligations and Other Borrowings	'
	NOTE 7 — CAPITAL LEASE OBLIGATIONS AND OTHER BORROWINGS
	Capital Lease Obligations
	At December 31, 2013 and March 31, 2013, borrowings under long-term facilities consisted of the following (in thousands):


		December 31, 2013			March 31, 2013
		(Unaudited)
	Capitalized lease obligations		58			73
	Less current maturities		(43	)		(43	)

	Long term debt	$	15		$	30
	Other Borrowings
	Letters of Credit — The Company uses Hang Seng Bank to issue letters of credit on behalf of the Company, as needed, on a 100% cash collateralized basis. At December 31, 2013, the Company had no outstanding letters of credit. In the event that the Company does have outstanding letters of credit with Hang Seng Bank, a like amount of cash is posted by the Company as collateral against such outstanding letters of credit, and is classified by the Company as Restricted Cash on the balance sheet.

Legal_Proceedings

Legal Proceedings	9 Months Ended
Legal Proceedings	Dec. 31, 2013
Legal Proceedings	'
	NOTE 8 — LEGAL PROCEEDINGS
	Kayne Litigation — As previously reported, since July 2011, Emerson Radio Corp. (the “Company”) has been a defendant in a lawsuit known as Fred Kayne, et al., vs. Christopher Ho, et al. (the “Kayne Litigation”) which was filed in the United States District Court for the Central District of California alleging, among other things, that the Company, certain of its present and former directors and other entities or individuals now or previously associated with The Grande Holdings Limited (In Liquidation) (“Grande”), intentionally interfered with the ability of the plaintiffs to collect on a judgment they had against Grande. As of November 2013, such judgment, with interest, totaled approximately $60 million. Grande is the ultimate corporate parent of the Company’s majority shareholder, S&T International Distribution Limited. The plaintiffs in the Kayne Litigation (the “Plaintiffs”) pursued their claims against the Company largely on the basis of their allegation that the Company was an “alter ego” of Grande because it was part of a “single enterprise” purportedly controlled by the Chairman of the Board of Grande, Christopher Ho.
	After the commencement of the Kayne Litigation trial, which began on December 3, 2013, the Company entered into a settlement agreement (the “Settlement Agreement”) with the Plaintiffs, effective as of December 19, 2013, for reasons of economy and finality, the terms and facts of which may not be construed as an admission by any party as to the merits of any of the claims or defenses resolved therein, which fully resolves and settles all outstanding and potential claims against the Company in the Kayne Litigation without acknowledging or attributing fault or liability on the part of the Company.
	In deciding that it was in the best interest of the Company and its stockholders to enter into the Settlement Agreement, the Company’s Board considered the contingent risk that in the event that an adverse judgment of as much as $60 million was issued against the defendants by the Court in the Kayne Litigation: (i) that judgment would be enforceable on a “joint and several” basis, such that the entire judgment against all defendants could be enforced, in its entirety, against a single defendant; (ii) that as the only U.S. based defendant in the Kayne Litigation, the Company faced a considerable risk that any such judgment would be enforced against it alone; (iii) that in that event, the Company would face significant legal and practical obstacles in seeking to pursue claims for contribution against the other defendants; and (iv) that the Company would also face significant obstacles in pursuing the appeal of such a judgment because an appeal would require the Company to post collateral sufficient to secure an appeal bond with a face amount in excess of $60 million.
	The Settlement Agreement provided for a cash payment of $4.0 million (the “Settlement Amount”) to be paid by the Company to the Plaintiffs, which represents less than 7% of the potential liability the Company faced from an adverse judgment. The Board believed it was prudent to settle for this relatively small amount due to the factors discussed above as well as the uncertainty of the trial outcome in view of the judge’s previous denial of several motions by the Company to dismiss the “alter ego” claims and denial of the Company’s motion for summary judgment. Pursuant to the Settlement Agreement, payment of the Settlement Amount was made by the Company via wire transfer to the Plaintiffs’ attorney’s trust account on December 23, 2013, which payment shall remain in trust, and will not be released from trust to the Plaintiffs until such time as the Company makes an application to the Court to approve the Settlement Agreement as a “good faith” settlement under California law and such application is granted by the Court. On January 13, 2014, the Company filed such application seeking the Court’s approval of the Settlement Agreement as a “good faith” settlement. In the event that the Court does not approve this Settlement Agreement as a “good faith” settlement, then, per the terms of the Settlement Agreement, the Plaintiffs’ attorney shall immediately, upon the Company’s demand, return the Settlement Amount to the Company and the Settlement Agreement and all of its provisions shall be null and void and the Plaintiffs shall have the right to resume the trial of the matter against the Company.
	The Company intends to retain special counsel to investigate the ability of the Company to pursue claims against the co-defendants or others with respect to the Settlement Amount paid by the Company to the Plaintiffs.
	The payment of the Settlement Amount by the Company resulted in the recognition of a $4.0 million non-operating expense in the quarter ended December 31, 2013. During the nine months ending December 31, 2013 and December 31, 2012, the Company incurred legal fees associated with the Kayne Litigation of approximately $1.6 million and $0.8 million, respectively, and, during the three months ending December 31, 2013 and December 31, 2012, the Company incurred legal fees associated with the Kayne Litigation of approximately $1.0 million and $0.3 million, respectively.
	Except for the litigation matter described above, the Company is not currently a party to any legal proceedings other than litigation matters, in most cases involving ordinary and routine claims incidental to our business. Management cannot estimate with certainty the Company’s ultimate legal and financial liability with respect to such pending litigation matters. However, management believes, based on our examination of such matters, that the Company’s ultimate liability will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Trademarks

Trademarks	9 Months Ended
Trademarks	Dec. 31, 2013
Trademarks	'
	NOTE 9 — TRADEMARKS
	During the nine months ended December 31, 2013, upon completion of an analysis which showed the absence of future expected cash flows, the Company determined that the value of one of its non-strategic trademarks was fully impaired. Thus, the Company recorded an impairment charge of $0.2 million in December 2013 to write off this trademark.

	During the nine months ended December 31, 2012, the Company determined that the value of one of its non-strategic trademarks was fully impaired. Thus the Company recorded an impairment charge of $1.3 million in September 2012 to write off this trademark.
	The Company does not anticipate any future material adverse financial impacts arising from these impairments.

Short_Term_Investments

Short Term Investments	9 Months Ended
Short Term Investments	Dec. 31, 2013
Short Term Investments	'
	NOTE 10 — SHORT TERM INVESTMENTS
	As of December 31, 2013, the Company had $37.2 million invested in certificates of deposit with durations ranging from three to six months. $10.1 million of the certificates mature in March 2014 and bear an interest rate of 1.12% per annum, $7.1 million of the certificates mature in March 2014 and bear an interest rate of 1.0% per annum and $20 million of the certificates mature in May 2014 and bear an interest rate of 1.05% per annum.

Background_and_Basis_of_Presen1

Background and Basis of Presentation (Policies)	9 Months Ended
Background and Basis of Presentation (Policies)	Dec. 31, 2013
Preparation of Financial Statements	'
Preparation of Financial Statements	The unaudited interim consolidated financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary to present a fair statement of the Company’s consolidated financial position as of December 31, 2013 and the results of operations for the three and nine month periods ended December 31, 2013 and December 31, 2012. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary in order to make the financial statements not misleading have been included. All significant intercompany accounts and transactions have been eliminated in consolidation. The preparation of the unaudited interim consolidated financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes; actual results could materially differ from those estimates. The unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and accordingly do not include all of the disclosures normally made in the Company’s annual consolidated financial statements. Accordingly, these unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the fiscal year ended March 31, 2013 (“fiscal 2013”), included in the Company’s annual report on Form 10-K, as amended, for fiscal 2013.
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company measures compensation cost for stock-based compensation arrangements based on grant date fair value. The computed fair value is expensed ratably over the requisite vesting period as required by ASC Topic 718 “Compensation — Stock Compensation”. All outstanding stock based compensation arrangements issued by the Company were fully vested as of November 30, 2009. Consequently, the Company recorded no compensation costs during either of the three or nine month periods ended December 31, 2013 and December 31, 2012
Sales Allowance and Marketing Support Expenses	'
	Sales Allowance and Marketing Support Expenses
	Sales allowances, marketing support programs, promotions and other volume-based incentives which are provided to retailers and distributors are accounted for on an accrual basis as a reduction to net revenues in the period in which the related sales are recognized in accordance with ASC topic 605, “Revenue Recognition”, subtopic 50 “Customer Payments and Incentives” and Securities and Exchange Commission Staff Accounting Bulletins 101 “Revenue Recognition in Financial Statements,” and 104 “Revenue Recognition, corrected copy” (“SAB’s 101 and 104”).
	At the time of sale, the Company reduces recognized gross revenue by allowances to cover, in addition to estimated sales returns as required by ASC topic 605, “Revenue Recognition”, subtopic 15 “Products”, (i) sales incentives offered to customers that meet the criteria for accrual under ASC topic 605, subtopic 50 and (ii) under SAB’s 101 and 104, an estimated amount to recognize additional non-offered deductions it anticipates and can reasonably estimate will be taken by customers which it does not expect to recover. Accruals for the estimated amount of future non-offered deductions are required to be made as contra-revenue items because that percentage of shipped revenue fails to meet the collectability criteria within SAB 104’s and 101’s four revenue recognition criteria, all of which are required to be met in order to recognize revenue.
	If additional marketing support programs, promotions and other volume-based incentives are required to promote the Company’s products subsequent to the initial sale, then additional reserves may be required and are accrued for when such support is offered.

Net_Earnings_Per_Share_Tables

Net Earnings Per Share (Tables)	9 Months Ended
Net Earnings Per Share (Tables)	Dec. 31, 2013
Computation of Basic and Diluted Earnings per Share	'
	The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):


		Three months ended					Nine months ended
		December 31,					December 31,
		2013			2012		2013		2012
	Numerator:
	Net (loss) income	$	(1,381	)	$	1,693	$	376	$	7,480

	Denominator:
	Denominator for basic earnings per share — weighted average shares		27,130			27,130		27,130		27,130
	Effect of dilutive securities on denominator:
	Options (computed using the treasury stock method)		—			—		—		—

	Denominator for diluted earnings per share — weighted average shares and assumed conversions		27,130			27,130		27,130		27,130

	Basic and diluted (loss) earnings per share	$	(.05	)	$	0.06	$	0.01	$	0.28

Inventory_Tables

Inventory (Tables)	9 Months Ended
Inventory (Tables)	Dec. 31, 2013
Reconciliation of Inventory	'
	As of December 31, 2013 and March 31, 2013, inventories consisted of the following (in thousands):


		December 31, 2013		March 31, 2013
		(Unaudited)
	Finished goods	$	5,683	$	3,454

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Dec. 31, 2013
Summary of Open Tax Years	'
	A summary of the Company’s open tax years is as follows as of December 31, 2013:


	Jurisdiction	Open tax years
	U.S. federal		2009-2013
	States		2009-2013

Capital_Lease_Obligations_and_1

Capital Lease Obligations and Other Borrowings (Tables)	9 Months Ended
Capital Lease Obligations and Other Borrowings (Tables)	Dec. 31, 2013
Long Term Borrowings	'
	At December 31, 2013 and March 31, 2013, borrowings under long-term facilities consisted of the following (in thousands):


		December 31, 2013			March 31, 2013
		(Unaudited)
	Capitalized lease obligations		58			73
	Less current maturities		(43	)		(43	)

	Long term debt	$	15		$	30

Background_and_Basis_of_Presen2

Background and Basis of Presentation - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Basis of Presentation [Line Items]	'	'	'	'
Stock based compensation costs	$0	$0	$0	$0

Computation_of_Basic_and_Dilut

Computation of Basic and Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Numerator:	'	'	'	'
Net (loss) income	($1,381)	$1,693	$376	$7,480
Denominator:	'	'	'	'
Denominator for basic earnings per share - weighted average shares	27,130	27,130	27,130	27,130
Effect of dilutive securities on denominator:	'	'	'	'
Options (computed using the treasury stock method)	'	'	'	'
Denominator for diluted earnings per share - weighted average shares and assumed conversions	27,130	27,130	27,130	27,130
Basic and diluted (loss) earnings per share	($0.05)	$0.06	$0.01	$0.28

Shareholders_Equity_Additional

Shareholders' Equity - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
	Dec. 31, 2013	Dec. 31, 2012	Minimum	Maximum	Stock Options 1	Stock Options 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'
Options outstanding	50,000	50,000	'	'	25,000	25,000
Options outstanding and exercisable with exercise prices	'	'	$3.07	$3.19	'	'
Option outstanding, expiration period	'	'	'	'	'2016-01	'2016-11

Inventory_Detail

Inventory (Detail) (USD $)	Dec. 31, 2013	Mar. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013	Mar. 31, 2013
Inventory [Line Items]	'	'
Finished goods	$5,683	$3,454

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	9 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2011	Mar. 31, 2010	Dec. 31, 2013	Mar. 31, 2011	Mar. 31, 2010
	Dec. 31, 2013	Notice of Proposed Adjustment One	Notice of Proposed Adjustment One	Notice of Proposed Adjustment One	Notice of Proposed Adjustment Two	Notice of Proposed Adjustment Two	Notice of Proposed Adjustment Two
Schedule Of Income Taxes [Line Items]	'	'	'	'	'	'	'
Adjustment to taxable income	'	'	$5,680,182	$4,981,520	'	$1,143,162	$1,553,984
Estimated income tax adjustment liable for taxes, penalties and interest, in aggregate for fiscal 2010 through 2013	'	13,300,000	'	'	1,100,000	'	'
U.S. federal net operating loss carry forwards	$3,200,000	'	'	'	'	'	'
Tax net operating loss can be carried forward	'20 years	'	'	'	'	'	'

Summary_of_Open_Tax_Years_Deta

Summary of Open Tax Years (Detail)	9 Months Ended
Summary of Open Tax Years (Detail)	Dec. 31, 2013
Minimum \| U.S. federal	'
Income Tax Examination [Line Items]	'
Open tax years	'2009
Minimum \| States	'
Income Tax Examination [Line Items]	'
Open tax years	'2009
Maximum \| U.S. federal	'
Income Tax Examination [Line Items]	'
Open tax years	'2013
Maximum \| States	'
Income Tax Examination [Line Items]	'
Open tax years	'2013

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)

1 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

7 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

7 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

7 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

Feb. 28, 2011

Jan. 31, 2011

Jun. 30, 2010

Dec. 31, 2013

Aug. 31, 2012

Mar. 02, 2010

Feb. 12, 2014

Oct. 15, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Nov. 07, 2013

Dec. 31, 2012

Nov. 07, 2013

Dec. 31, 2012

Nov. 07, 2013

Dec. 31, 2012

Nov. 07, 2013

Dec. 31, 2012

Nov. 07, 2013

Dec. 31, 2012

Nov. 07, 2013

Dec. 31, 2013

Jul. 03, 2013

Mar. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Subsequent Event

Grande

Amount owed from Emerson to Brighton Marketing Limited

Grande Properties Management Limited

Mr. Eduard Will, a director of Emerson

Vigers Appraisal & Consulting Ltd

Lafe Strategic Services Limited

Related Party Transaction [Line Items]

Grande's (Provisional Liquidator Appointed) Ownership Interest in Emerson number of shares

15,243,283

Grande's (Provisional Liquidator Appointed) Ownership Interest Percentage

56.20%

Proposed newly outstanding share capital to settle claims, percentage

90.00%

Service charge from related party

$1,000

$4,000

$3,000

$11,000

$31,000

Amount owed to related party

Security deposit returned

6,000

Rental receivable from related party

Rental income

9,000

18,000

Travel advance paid to related party

6,000

Consulting fees paid to related party

10,000

29,000

68,000

81,000

Expense reimbursements and advances paid to related party

13,000

23,000

Extraordinary dividend declared

$1.10

Company's assertion as to the percent of the dividend that is taxable to the recipient

4.90%

Internal Revenue Service's assertion as to the percent of the dividend that is taxable to the recipient, which the company is refuting

100.00%

Reimbursement of legal fees

42,000

Agreement transaction fees

33,000

Waive of legal charges

5,000

Receipts from related party for amount owned

70,000

Estimated additional taxes, penalties and interest

4,500,000

Amount invoiced to related party

$1,000

$3,000

Long_Term_Borrowings_Detail

Long Term Borrowings (Detail) (USD $)	Dec. 31, 2013	Mar. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013	Mar. 31, 2013
Borrowings [Line Items]	'	'
Capitalized lease obligations	$58	$73
Less current maturities	-43	-43
Long term debt	$15	$30

Capital_Lease_Obligations_and_2

Capital Lease Obligations and Other Borrowings - Additional Information (Detail)	Dec. 31, 2013
Credit Facility Short Term Borrowings [Line Items]	'
Letters of credit issued percentage of cash collateralized basis	100.00%

Legal_Proceedings_Additional_I

Legal Proceedings - Additional Information (Detail) (USD $)	0 Months Ended		3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended
	Dec. 23, 2013	Jul. 31, 2011	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
	Dec. 23, 2013	Jul. 31, 2011	Dec. 31, 2013	Dec. 31, 2013	Kayne Litigation	Kayne Litigation	Kayne Litigation	Kayne Litigation
Commitments and Contingencies Disclosure [Line Items]	'	'	'	'	'	'	'	'
Reference to approximate value of previous judgment that plaintiff had against Grande	'	$60,000,000	'	'	'	'	'	'
Cash payment for legal settlements	4,000,000	'	'	'	'	'	'	'
Percentage of potential liability settled	7.00%	'	'	'	'	'	'	'
Loss on settlement of litigation	'	'	-4,000,000	-4,000,000	'	'	'	'
Legal fees	'	'	'	'	$1,000,000	$300,000	$1,600,000	$800,000

Trademarks_Additional_Informat

Trademarks - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Schedule Of Goodwill And Intangible Assets [Line Items]	'	'	'
Impairment of trademark	$219	$219	$1,326

Short_Term_Investments_Additio

Short Term Investments - Additional Information (Detail) (USD $)	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
	Dec. 31, 2013	Mar. 31, 2013	Certificates of Deposit Maturing in March 2014	Certificates of Deposit Maturing in March 2014	Certificates of Deposit Maturing in May 2014
Investment [Line Items]	'	'	'	'	'
Short- term Investments	$37,226,000	$45,235,000	$10,100,000	$7,100,000	$20
Certificate of deposit, maturity year and month	'	'	'2014-03	'2014-03	'2014-05
Certificates of deposit, interest rate	'	'	1.12%	1.00%	1.05%