Graham (GHM) 10-Q 2 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Oct. 27, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	GHM
Entity Registrant Name	GRAHAM CORP
Entity Central Index Key	716,314
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,949,593

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net sales	$ 22,798	$ 35,566	$ 50,415	$ 64,068
Cost of products sold	15,663	24,582	35,243	45,152
Gross profit	7,135	10,984	15,172	18,916
Other expenses and income:
Selling, general and administrative	4,187	4,694	8,767	8,989
Selling, general and administrative - amortization	59	58	117	112
Interest income	(53)	(43)	(105)	(89)
Interest expense	1	3	4	6
Total other expenses and income	4,194	4,712	8,783	9,018
Income before provision for income taxes	2,941	6,272	6,389	9,898
Provision for income taxes	965	2,086	2,052	3,320
Net income	1,976	4,186	4,337	6,578
Retained earnings at beginning of period	107,726	95,456	106,178	93,469
Dividends	(807)	(405)	(1,620)	(810)
Retained earnings at end of period	$ 108,895	$ 99,237	$ 108,895	$ 99,237
Basic:
Net income	$ 0.20	$ 0.41	$ 0.43	$ 0.65
Diluted:
Net income	$ 0.20	$ 0.41	$ 0.43	$ 0.65
Weighted average common shares outstanding:
Basic	10,078	10,126	10,116	10,116
Diluted	10,083	10,148	10,125	10,138
Dividends declared per share	$ 0.08	$ 0.04	$ 0.16	$ 0.08

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 1,976	$ 4,186	$ 4,337	$ 6,578
Other comprehensive income:
Foreign currency translation adjustment	(110)	39	(111)	44
Defined benefit pension and other postretirement plans, net of income tax of $108 and $45 for the three months ended September 30, 2015 and 2014, respectively, and $215 and $91 for the six months ended September 30, 2015 and 2014, respectively	196	84	392	168
Total other comprehensive income	86	123	281	212
Total comprehensive income	$ 2,062	$ 4,309	$ 4,618	$ 6,790

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Defined benefit pension and other postretirement plans, tax	$ 108	$ 45	$ 215	$ 91

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Current assets:
Cash and cash equivalents	$ 29,416	$ 27,271
Investments	33,000	33,000
Trade accounts receivable, net of allowances ($91 and $62 at September 30 and March 31, 2015, respectively)	22,161	17,249
Unbilled revenue	8,544	18,665
Inventories	10,654	13,994
Prepaid expenses and other current assets	922	529
Income taxes receivable	2,352	339
Deferred income tax asset	262	647
Total current assets	107,311	111,694
Property, plant and equipment, net	19,125	19,812
Prepaid pension asset	1,943	1,332
Goodwill	6,938	6,938
Permits	10,300	10,300
Other intangible assets, net	4,338	4,428
Other assets	129	150
Total assets	150,084	154,654
Current liabilities:
Current portion of capital lease obligations	51	60
Accounts payable	12,508	13,334
Accrued compensation	5,905	9,343
Accrued expenses and other current liabilities	3,718	3,247
Customer deposits	2,858	4,179
Deferred income tax liability	264	164
Total current liabilities	25,304	30,327
Capital lease obligations	79	98
Accrued compensation		124
Deferred income tax liability	6,717	6,363
Accrued pension liability	340	315
Accrued postretirement benefits	889	876
Total liabilities	$ 33,329	$ 38,103
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $.10 par value, 25,500 shares authorized 10,468 and 10,432 shares issued and 9,989 and 10,133 shares outstanding	$ 1,047	$ 1,043
Capital in excess of par value	21,939	21,398
Retained earnings	108,895	106,178
Accumulated other comprehensive loss	(8,775)	(9,056)
Treasury stock (479 and 299 shares)	(6,351)	(3,012)
Total stockholders' equity	116,755	116,551
Total liabilities and stockholders' equity	$ 150,084	$ 154,654

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Allowances on trade accounts receivable	$ 91	$ 62
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	500,000	500,000
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	25,500,000	25,500,000
Common stock, shares issued	10,468,000	10,432,000
Common stock, shares outstanding	9,989,000	10,133,000
Treasury stock, shares	479,000	299,000

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net income	$ 4,337	$ 6,578
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,126	1,041
Amortization	117	112
Amortization of unrecognized prior service cost and actuarial losses	607	259
Stock-based compensation expense	379	298
Deferred income taxes	632	(145)
(Increase) decrease in operating assets:
Accounts receivable	(4,941)	(4,946)
Unbilled revenue	10,084	(2,371)
Inventories	3,337	2,486
Prepaid expenses and other current and non-current assets	(401)	(552)
Prepaid pension asset	(611)	(581)
Increase (decrease) in operating liabilities:
Accounts payable	(717)	2,360
Accrued compensation, accrued expenses and other current and non-current liabilities	(2,831)	1,516
Customer deposits	(1,319)	1,615
Income taxes payable/receivable	(2,013)	939
Long-term portion of accrued compensation, accrued pension liability and accrued postretirement benefits	(87)	(119)
Net cash provided by operating activities	7,699	8,490
Investing activities:
Purchase of property, plant and equipment	(523)	(4,096)
Proceeds from disposal of property, plant and equipment	3
Purchase of investments	(18,000)	(23,000)
Redemption of investments at maturity	18,000	19,000
Net cash used by investing activities	(520)	(8,096)
Financing activities:
Principal repayments on capital lease obligations	(27)	(44)
Issuance of common stock	97	29
Dividends paid	(1,620)	(810)
Purchase of treasury stock	(3,399)
Excess tax benefit on stock awards	5	34
Net cash used by financing activities	(4,944)	(791)
Effect of exchange rate changes on cash	(90)	46
Net increase (decrease) in cash and cash equivalents	2,145	(351)
Cash and cash equivalents at beginning of period	27,271	32,146
Cash and cash equivalents at end of period	$ 29,416	$ 31,795

Basis of Presentation

Basis of Presentation	6 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	NOTE 1 – BASIS OF PRESENTATION: Graham Corporation’s (the “Company’s”) Condensed Consolidated Financial Statements include its (i) wholly-owned foreign subsidiary located in Suzhou, China; and (ii) wholly-owned domestic subsidiary located in Lapeer, Michigan. The Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, each as promulgated by the Securities and Exchange Commission. The Company’s Condensed Consolidated Financial Statements do not include all information and notes required by GAAP for complete financial statements. The unaudited Condensed Consolidated Balance Sheet as of March 31, 2015 presented herein was derived from the Company’s audited Consolidated Balance Sheet as of March 31, 2015. For additional information, please refer to the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2015 (“fiscal 2015”). In the opinion of management, all adjustments, including normal recurring accruals considered necessary for a fair presentation, have been included in the Company’s Condensed Consolidated Financial Statements. The Company’s results of operations and cash flows for the three and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the current fiscal year, which ends March 31, 2016 (“fiscal 2016”).

Revenue Recognition

Revenue Recognition	6 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Revenue Recognition	NOTE 2 – REVENUE RECOGNITION: The Company recognizes revenue on all contracts with a planned manufacturing process in excess of four weeks (which approximates 575 direct labor hours) using the percentage-of-completion method. The majority of the Company’s revenue is recognized under this methodology. The Company has established the systems and procedures essential to developing the estimates required to account for contracts using the percentage-of-completion method. The percentage-of-completion method is determined by comparing actual labor incurred to a specific date to management’s estimate of the total labor to be incurred on each contract or completion of operational milestones assigned to each contract. Contracts in progress are reviewed monthly by management, and sales and earnings are adjusted in current accounting periods based on revisions in the contract value and estimated costs at completion. Losses on contracts are recognized immediately when evident to management. Revenue on contracts not accounted for using the percentage-of-completion method is recognized utilizing the completed contract method. The majority of the Company’s contracts (as opposed to revenue) have a planned manufacturing process of less than four weeks and the results reported under this method do not vary materially from the percentage-of-completion method. The Company recognizes revenue and all related costs on these contracts upon substantial completion or shipment to the customer. Substantial completion is consistently defined as at least 95% complete with regard to direct labor hours. Customer acceptance is generally required throughout the construction process and the Company has no further material obligations under its contracts after the revenue is recognized. Receivables billed but not paid under retainage provisions in the Company’s customer contracts were $1,115 and $1,751 at September 30, 2015 and March 31, 2015, respectively.

Investments

Investments	6 Months Ended
	Sep. 30, 2015
Investments Schedule [Abstract]
Investments	NOTE 3 – INVESTMENTS: Investments consist solely of certificates of deposit with financial institutions. All investments have original maturities of greater than three months and less than one year and are classified as held-to-maturity, as the Company believes it has the intent and ability to hold the securities to maturity. The investments are stated at amortized cost which approximates fair value. All investments held by the Company at September 30, 2015 are scheduled to mature on or before August 10, 2016.

Inventories

Inventories	6 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	NOTE 4 – INVENTORIES: Inventories are stated at the lower of cost or market, using the average cost method. For contracts accounted for on the completed contract method, progress payments received are netted against inventory to the extent the payment is less than the inventory balance relating to the applicable contract. Progress payments that are in excess of the corresponding inventory balance are presented as customer deposits in the Condensed Consolidated Balance Sheets. Unbilled revenue in the Condensed Consolidated Balance Sheets represents revenue recognized that has not been billed to customers on contracts accounted for on the percentage-of-completion method. For contracts accounted for on the percentage–of–completion method, progress payments are netted against unbilled revenue to the extent the payment is less than the unbilled revenue for the applicable contract. Progress payments exceeding unbilled revenue are netted against inventory to the extent the payment is less than or equal to the inventory balance relating to the applicable contract, and the excess is presented as customer deposits in the Condensed Consolidated Balance Sheets. Major classifications of inventories are as follows: September 30, 2015 March 31, 2015 Raw materials and supplies $ 1,952 $ 2,763 Work in process 10,285 13,685 Finished products 654 689 12,891 17,137 Less - progress payments 2,237 3,143 Total $ 10,654 $ 13,994

Intangible Assets

Intangible Assets	6 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 5 – INTANGIBLE ASSETS: Intangible assets are comprised of the following: Gross Accumulated Net At September 30, 2015 Intangibles subject to amortization: Customer relationships $ 2,700 $ 862 $ 1,838 Intangibles not subject to amortization: Permits $ 10,300 $ - $ 10,300 Tradename 2,500 - 2,500 $ 12,800 $ - $ 12,800 At March 31, 2015 Intangibles subject to amortization: Customer relationships $ 2,700 $ 772 $ 1,928 Intangibles not subject to amortization: Permits $ 10,300 $ - $ 10,300 Tradename 2,500 - 2,500 $ 12,800 $ - $ 12,800 Intangible assets are amortized on a straight line basis over their estimated useful lives. Intangible amortization expense for each of the three-month periods ended September 30, 2015 and 2014 was $45. Intangible amortization expense for each of the six months ended September 30, 2015 and 2014 was $90. As of September 30, 2015, amortization expense is estimated to be $90 for the remainder of fiscal 2016 and $180 in each of the fiscal years ending March 31, 2017, 2018, 2019 and 2020.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 6 – STOCK-BASED COMPENSATION: The Amended and Restated 2000 Graham Corporation Incentive Plan to Increase Shareholder Value provides for the issuance of up to 1,375 shares of common stock in connection with grants of incentive stock options, non-qualified stock options, stock awards and performance awards to officers, key employees and outside directors; provided, however, that no more than 250 shares of common stock may be used for awards other than stock options. Stock options may be granted at prices not less than the fair market value at the date of grant and expire no later than ten years after the date of grant. Restricted stock awards granted in the three-month periods ended September 30, 2015 and 2014 were 0 and 2, respectively. The restricted shares were granted to directors and vest 100% on the first anniversary of the grant date. Restricted stock awards granted in the six-month periods ended September 30, 2015 and 2014 were 34 and 30, respectively. Restricted shares of 15 and 12 granted to officers in fiscal 2016 and fiscal 2015, respectively, vest 100% on the third anniversary of the grant date subject to the satisfaction of the performance metrics for the applicable three-year period. Restricted shares of 12 and 11 granted to officers and key employees in fiscal 2016 and fiscal 2015, respectively, vest 33 1 3 During the three months ended September 30, 2015 and 2014, the Company recognized stock-based compensation costs related to stock option and restricted stock awards of $151 and $163, respectively. The income tax benefit recognized related to stock-based compensation was $53 and $57 for the three months ended September 30, 2015 and 2014, respectively. During the six months ended September 30, 2015 and 2014, the Company recognized stock-based compensation costs related to stock option and restricted stock awards of $357 and $269, respectively. The income tax benefit recognized related to stock-based compensation was $126 and $94 for the six months ended September 30, 2015 and 2014, respectively. The Company has an Employee Stock Purchase Plan (the “ESPP”), which allows eligible employees to purchase shares of the Company’s common stock on the last day of a six-month offering period at a purchase price equal to the lesser of 85% of the fair market value of the common stock on either the first day or the last day of the offering period. A total of 200 shares of common stock may be purchased under the ESPP. During the three months ended September 30, 2015 and 2014, the Company recognized stock-based compensation costs of $8 and $13, respectively, related to the ESPP and $3 and $4, respectively, of related tax benefits. During the six months ended September 30, 2015 and 2014, the Company recognized stock-based compensation costs of $22 and $30, respectively, related to the ESPP and $8 and $10, respectively, of related tax benefits.

Income Per Share

Income Per Share	6 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Income Per Share	NOTE 7 – INCOME PER SHARE: Basic income per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted income per share is calculated by dividing net income by the weighted average number of common shares outstanding and, when applicable, potential common shares outstanding during the period. A reconciliation of the numerators and denominators of basic and diluted income per share is presented below: Three Months Ended Six Months Ended 2015 2014 2015 2014 Basic income per share Numerator: Net income $ 1,976 $ 4,186 $ 4,337 $ 6,578 Denominator: Weighted average common shares outstanding 10,078 10,126 10,116 10,116 Basic income per share $ .20 $ .41 $ .43 $ .65 Diluted income per share Numerator: Net income $ 1,976 $ 4,186 $ 4,337 $ 6,578 Denominator: Weighted average common shares outstanding 10,078 10,126 10,116 10,116 Stock options outstanding 5 22 9 22 Weighted average common and potential common shares outstanding 10,083 10,148 10,125 10,138 Diluted income per share $ .20 $ .41 $ .43 $ .65 Options to purchase a total of 54 and 2 shares of common stock were outstanding at September 30, 2015 and 2014, respectively, but were not included in the above computation of diluted income per share given their exercise prices as they would not be dilutive upon issuance.

Product Warranty Liability

Product Warranty Liability	6 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Product Warranty Liability	NOTE 8 – PRODUCT WARRANTY LIABILITY: The reconciliation of the changes in the product warranty liability is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Balance at beginning of period $ 632 $ 373 $ 653 $ 308 Expense for product warranties 22 40 113 137 Product warranty claims paid (150 ) (66 ) (262 ) (98 ) Balance at end of period $ 504 $ 347 $ 504 $ 347 The product warranty liability is included in the line item “Accrued expenses and other current liabilities” in the Condensed Consolidated Balance Sheets.

Cash Flow Statement

Cash Flow Statement	6 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Cash Flow Statement	NOTE 9 – CASH FLOW STATEMENT: Interest paid was $4 and $6 for the six-month periods ended September 30, 2015 and 2014, respectively. In addition, income taxes paid for the six months ended September 30, 2015 and 2014 were $3,428 and $2,492, respectively. During the six months ended September 30, 2015 and 2014, respectively, stock option awards were exercised and restricted stock awards vested. In connection with such stock option exercises and vesting, the related income tax benefit realized exceeded the tax benefit that had been recorded pertaining to the compensation cost recognized by $5 and $34, respectively, for such periods. This excess tax benefit has been separately reported under “Financing activities” in the Condensed Consolidated Statements of Cash Flows. At September 30, 2015 and 2014, there were $95 and $199, respectively, of capital purchases that were recorded in accounts payable and are not included in the caption “Purchase of property, plant and equipment” in the Condensed Consolidated Statements of Cash Flows.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	NOTE 10 – EMPLOYEE BENEFIT PLANS: The components of pension benefit income are as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Service cost $ 130 $ 137 $ 261 $ 273 Interest cost 359 358 718 717 Expected return on assets (795 ) (759 ) (1,590 ) (1,517 ) Amortization of: Unrecognized prior service cost - 1 - 2 Actuarial loss 294 145 587 290 Net pension benefit income $ (12 ) $ (118 ) $ (24 ) $ (235 ) The Company made no contributions to its defined benefit pension plan during the six months ended September 30, 2015 and does not expect to make any contributions to the plan for the balance of fiscal 2016. The components of the postretirement benefit cost (income) are as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Service cost $ - $ - $ - $ - Interest cost 6 8 13 16 Amortization of prior service benefit - (27 ) - (53 ) Amortization of actuarial loss 10 10 20 20 Net postretirement benefit cost (income) $ 16 $ (9 ) $ 33 $ (17 ) The Company paid benefits of $1 related to its postretirement benefit plan during the six months ended September 30, 2015. The Company expects to pay benefits of approximately $91 for the balance of fiscal 2016. The Company self-funds the medical insurance coverage it provides to its U.S. based employees. The Company has obtained a stop loss insurance policy in an effort to limit its exposure to claims. The liability of $169 and $446 on September 30, 2015 and March 31, 2015, respectively, related to the self-insured medical plan is primarily based upon claim history and is included in the caption “Accrued compensation” in the Condensed Consolidated Balance Sheets.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11 – COMMITMENTS AND CONTINGENCIES: The Company has been named as a defendant in lawsuits alleging personal injury from exposure to asbestos allegedly contained in or accompanying products made by the Company. The Company is a co-defendant with numerous other defendants in these lawsuits and intends to vigorously defend itself against these claims. The claims in the Company’s current lawsuits are similar to those made in previous asbestos suits that named the Company as defendant, which either were dismissed when it was shown that the Company had not supplied products to the plaintiffs’ places of work or were settled for immaterial amounts. As of September 30, 2015, the Company was subject to the claims noted above, as well as other legal proceedings and potential claims that have arisen in the ordinary course of business. Although the outcome of the lawsuits, legal proceedings or potential claims to which the Company is or may become a party cannot be determined and an estimate of the reasonably possible loss or range of loss cannot be made, management does not believe that the outcomes, either individually or in the aggregate, will have a material effect on the Company’s results of operations, financial position or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12 – INCOME TAXES: The Company files federal and state income tax returns in several domestic and international jurisdictions. In most tax jurisdictions, returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed. The Company is subject to U.S. federal examination for the tax years 2013 and 2014 and examination in state tax jurisdictions for the tax years 2010 through 2014. The Company is subject to examination in the People’s Republic of China for tax years 2012 through 2014. There was no liability for unrecognized tax benefits at each of September 30, 2015 and March 31, 2015.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	NOTE 13 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS: The changes in accumulated other comprehensive loss by component for the six months ended September 30, 2015 and 2014 are as follows: Pension and Foreign Total Balance at April 1, 2015 $ (9,462) $ 406 $ (9,056) Other comprehensive income before reclassifications - (111) (111) Amounts reclassified from accumulated other comprehensive loss 392 - 392 Net current-period other comprehensive income 392 (111) 281 Balance at September 30, 2015 $ (9,070) $ 295 $ (8,775) Pension and Foreign Total Balance at April 1, 2014 $ (6,168) $ 403 $ (5,765) Other comprehensive income before reclassifications - 44 44 Amounts reclassified from accumulated other comprehensive loss 168 - 168 Net current-period other comprehensive income 168 44 212 Balance at September 30, 2014 $ (6,000) $ 447 $ (5,553) The reclassifications out of accumulated other comprehensive loss by component for the three and six months ended September 30, 2015 and 2014 are as follows: Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Condensed Consolidated Statements of Operations and Retained Earnings Three Months September 30, 2015 Three Months September 30, 2014 Pension and other postretirement benefit items: Amortization of unrecognized prior service benefit $ - $ 26 (1) Amortization of actuarial loss (304 ) (155 ) (1) (304 ) (129 ) Income before provision for income taxes (108 ) (45 ) Provision for income taxes $ (196 ) $ (84 ) Net income Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Condensed Consolidated Statements of Operations and Retained Earnings Six Months Ended September 30, 2015 Six Months Ended September 30, 2014 Pension and other postretirement benefit items: Amortization of unrecognized prior service benefit $ - $ 51 (1) Amortization of actuarial loss (607 ) (310 ) (1) (607 ) (259 ) Income before provision for income taxes (215 ) (91 ) Provision for income taxes $ (392 ) $ (168 ) Net income (1) These accumulated other comprehensive loss components are included within the computation of net pension and other postretirement benefit costs. See Note 10.

Purchase of Treasury Stock

Purchase of Treasury Stock	6 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Purchase of Treasury Stock	NOTE 14 – PURCHASE OF TREASURY STOCK: On January 29, 2015, the Company’s Board of Directors authorized a stock repurchase program. Under the stock repurchase program the Company is permitted to repurchase up to $18,000 of its common stock either in the open market or through privately negotiated transactions. Cash on hand has been used to fund all stock repurchases under the program. At September 30, 2015, the Company had purchased 187 shares at a cost of $3,399 under this program.

Accounting and Reporting Change

Accounting and Reporting Changes	6 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Accounting and Reporting Changes	NOTE 15 – ACCOUNTING AND REPORTING CHANGES: In the normal course of business, Company management evaluates all new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”), the Securities and Exchange Commission, the Emerging Issues Task Force, the American Institute of Certified Public Accountants or any other authoritative accounting body to determine the potential impact they may have on the Company’s consolidated financial statements. In May 2014, the FASB issued guidance related to the accounting for revenue from contracts with customers. This guidance establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from a company’s contracts with customers. The guidance requires companies to apply a five-step model when recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. The guidance also includes a comprehensive set of disclosure requirements regarding revenue recognition. The provisions of the guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is currently evaluating the impact this guidance will have on its financial position, results of operations and cash flows. See Note 2 for a description of the Company’s current revenue recognition policy. In June 2015, the FASB issued guidance covering a wide range of topics in the FASB Accounting Standards Codifications (the “Codification”). This guidance included changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost on most entities. The provisions of the guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 and early adoption is permitted. The Company is currently assessing the impact this guidance will have on its financial position, results of operations, cash flows and disclosures. Management does not expect any other recently issued accounting pronouncements, which have not already been adopted, to have a material impact on the Company’s consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Major Classifications of Inventories	Major classifications of inventories are as follows: September 30, 2015 March 31, 2015 Raw materials and supplies $ 1,952 $ 2,763 Work in process 10,285 13,685 Finished products 654 689 12,891 17,137 Less - progress payments 2,237 3,143 Total $ 10,654 $ 13,994

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	Intangible assets are comprised of the following: Gross Accumulated Net At September 30, 2015 Intangibles subject to amortization: Customer relationships $ 2,700 $ 862 $ 1,838 Intangibles not subject to amortization: Permits $ 10,300 $ - $ 10,300 Tradename 2,500 - 2,500 $ 12,800 $ - $ 12,800 At March 31, 2015 Intangibles subject to amortization: Customer relationships $ 2,700 $ 772 $ 1,928 Intangibles not subject to amortization: Permits $ 10,300 $ - $ 10,300 Tradename 2,500 - 2,500 $ 12,800 $ - $ 12,800

Income Per Share (Tables)

Income Per Share (Tables)	6 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of Numerators and Denominators of Basic and Diluted Income Per Share	A reconciliation of the numerators and denominators of basic and diluted income per share is presented below: Three Months Ended Six Months Ended 2015 2014 2015 2014 Basic income per share Numerator: Net income $ 1,976 $ 4,186 $ 4,337 $ 6,578 Denominator: Weighted average common shares outstanding 10,078 10,126 10,116 10,116 Basic income per share $ .20 $ .41 $ .43 $ .65 Diluted income per share Numerator: Net income $ 1,976 $ 4,186 $ 4,337 $ 6,578 Denominator: Weighted average common shares outstanding 10,078 10,126 10,116 10,116 Stock options outstanding 5 22 9 22 Weighted average common and potential common shares outstanding 10,083 10,148 10,125 10,138 Diluted income per share $ .20 $ .41 $ .43 $ .65

Product Warranty Liability (Tab

Product Warranty Liability (Tables)	6 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Reconciliation of the Changes in Product Warranty Liability	The reconciliation of the changes in the product warranty liability is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Balance at beginning of period $ 632 $ 373 $ 653 $ 308 Expense for product warranties 22 40 113 137 Product warranty claims paid (150 ) (66 ) (262 ) (98 ) Balance at end of period $ 504 $ 347 $ 504 $ 347

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Sep. 30, 2015
Pension Plans, Defined Benefit [Member]
Components of Postretirement Benefit Cost (Income) and Pension Benefit Income	The components of pension benefit income are as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Service cost $ 130 $ 137 $ 261 $ 273 Interest cost 359 358 718 717 Expected return on assets (795 ) (759 ) (1,590 ) (1,517 ) Amortization of: Unrecognized prior service cost - 1 - 2 Actuarial loss 294 145 587 290 Net pension benefit income $ (12 ) $ (118 ) $ (24 ) $ (235 )
Other Postretirement Benefit Plans [Member]
Components of Postretirement Benefit Cost (Income) and Pension Benefit Income	The components of the postretirement benefit cost (income) are as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Service cost $ - $ - $ - $ - Interest cost 6 8 13 16 Amortization of prior service benefit - (27 ) - (53 ) Amortization of actuarial loss 10 10 20 20 Net postretirement benefit cost (income) $ 16 $ (9 ) $ 33 $ (17 )

Changes in Accumulated Other 28

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component	The changes in accumulated other comprehensive loss by component for the six months ended September 30, 2015 and 2014 are as follows: Pension and Foreign Total Balance at April 1, 2015 $ (9,462) $ 406 $ (9,056) Other comprehensive income before reclassifications - (111) (111) Amounts reclassified from accumulated other comprehensive loss 392 - 392 Net current-period other comprehensive income 392 (111) 281 Balance at September 30, 2015 $ (9,070) $ 295 $ (8,775) Pension and Foreign Total Balance at April 1, 2014 $ (6,168) $ 403 $ (5,765) Other comprehensive income before reclassifications - 44 44 Amounts reclassified from accumulated other comprehensive loss 168 - 168 Net current-period other comprehensive income 168 44 212 Balance at September 30, 2014 $ (6,000) $ 447 $ (5,553)
Reclassifications Out of Accumulated Other Comprehensive Loss by Component	The reclassifications out of accumulated other comprehensive loss by component for the three and six months ended September 30, 2015 and 2014 are as follows: Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Condensed Consolidated Statements of Operations and Retained Earnings Three Months September 30, 2015 Three Months September 30, 2014 Pension and other postretirement benefit items: Amortization of unrecognized prior service benefit $ - $ 26 (1) Amortization of actuarial loss (304 ) (155 ) (1) (304 ) (129 ) Income before provision for income taxes (108 ) (45 ) Provision for income taxes $ (196 ) $ (84 ) Net income Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Condensed Consolidated Statements of Operations and Retained Earnings Six Months Ended September 30, 2015 Six Months Ended September 30, 2014 Pension and other postretirement benefit items: Amortization of unrecognized prior service benefit $ - $ 51 (1) Amortization of actuarial loss (607 ) (310 ) (1) (607 ) (259 ) Income before provision for income taxes (215 ) (91 ) Provision for income taxes $ (392 ) $ (168 ) Net income (1) These accumulated other comprehensive loss components are included within the computation of net pension and other postretirement benefit costs. See Note 10.

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Revenue Recognition [Line Items]
Company recognizes planned manufacturing process	28 days
Direct labor hours worked on contracts	575 hours
Receivables billed but not paid under retainage provisions in its customer contracts	$ 1,115	$ 1,751
Minimum [Member]
Revenue Recognition [Line Items]
Substantial completion of manufacturing process	95.00%

Investments - Additional Inform

Investments - Additional Information (Detail)	6 Months Ended
	Sep. 30, 2015
Minimum [Member]
Investment Securities [Line Items]
Treasury with original maturities period	3 months
Maximum [Member]
Investment Securities [Line Items]
Investment maturity date range end	Aug. 10, 2016
Treasury with original maturities period	1 year

Inventories - Major Classificat

Inventories - Major Classifications of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 1,952	$ 2,763
Work in process	10,285	13,685
Finished products	654	689
Inventory Gross	12,891	17,137
Less - progress payments	2,237	3,143
Total	$ 10,654	$ 13,994

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Schedule Of Intangible Assets [Line Items]
Indefinite Lived Intangible Assets, Gross Carrying Amount	$ 12,800	$ 12,800
Indefinite Lived Intangible Assets, Accumulated Amortization	0	0
Indefinite Lived Intangible Assets, Net Carrying Amount	12,800	12,800
Permits [Member]
Schedule Of Intangible Assets [Line Items]
Indefinite Lived Intangible Assets, Gross Carrying Amount	10,300	10,300
Indefinite Lived Intangible Assets, Accumulated Amortization	0	0
Indefinite Lived Intangible Assets, Net Carrying Amount	10,300	10,300
Tradename [Member]
Schedule Of Intangible Assets [Line Items]
Indefinite Lived Intangible Assets, Gross Carrying Amount	2,500	2,500
Indefinite Lived Intangible Assets, Accumulated Amortization	0	0
Indefinite Lived Intangible Assets, Net Carrying Amount	2,500	2,500
Customer Relationships [Member]
Schedule Of Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	2,700	2,700
Finite-Lived Intangible Assets, Accumulated Amortization	862	772
Finite-Lived Intangible Assets, Net Carrying Amount	$ 1,838	$ 1,928

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Intangible amortization expense	$ 59	$ 58	$ 117	$ 112
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible amortization expense	45	$ 45	90	$ 90
Future amortization expenses, 2016	90		90
Future amortization expenses, 2017	180		180
Future amortization expenses, 2018	180		180
Future amortization expenses, 2019	180		180
Future amortization expenses, 2020	$ 180		$ 180

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	200,000		200,000
Stock based compensation expense	$ 8	$ 13	$ 22	$ 30
Income tax benefit to stock based compensation	$ 3	$ 4	$ 8	$ 10
Discounted purchase price of common stock percentage on fair market value			85.00%	85.00%
Amended and Restated 2000 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	1,375,000		1,375,000
Amended and Restated 2000 Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	250,000		250,000
Restricted stock awards			34,000	30,000
Amended and Restated 2000 Incentive Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options maximum term			10 years
Stock option awards granted	0	0	0	0
Amended and Restated 2000 Incentive Plan [Member] | Performance Vested Restricted Stock [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards			15,000	12,000
Share-based compensation vesting percentage			100.00%	100.00%
Vesting period			3 years	3 years
Amended and Restated 2000 Incentive Plan [Member] | Time Vested Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards	0	2,000	7,000	7,000
Share-based compensation vesting percentage	100.00%	100.00%	100.00%	100.00%
Vesting period		1 year	1 year	1 year
Amended and Restated 2000 Incentive Plan [Member] | Time Vested Restricted Stock [Member] | Officers and Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards			12,000	11,000
Vesting period			3 years	3 years
Amended and Restated 2000 Incentive Plan [Member] | Time Vested Restricted Stock [Member] | Officers and Key Employees [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation vesting percentage			33.33%	33.33%
Amended and Restated 2000 Incentive Plan [Member] | Time Vested Restricted Stock [Member] | Officers and Key Employees [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation vesting percentage			33.33%	33.33%
Amended and Restated 2000 Incentive Plan [Member] | Time Vested Restricted Stock [Member] | Officers and Key Employees [Member] | Third Anniversary [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation vesting percentage			33.33%	33.33%
Amended and Restated 2000 Incentive Plan [Member] | Stock Option and Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 151	$ 163	$ 357	$ 269
Income tax benefit to stock based compensation	$ 53	$ 57	$ 126	$ 94

Income Per Share - Reconciliati

Income Per Share - Reconciliation of Numerators and Denominators of Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income	$ 1,976	$ 4,186	$ 4,337	$ 6,578
Denominator:
Weighted average common shares outstanding	10,078	10,126	10,116	10,116
Basic income per share	$ 0.20	$ 0.41	$ 0.43	$ 0.65
Numerator:
Net income	$ 1,976	$ 4,186	$ 4,337	$ 6,578
Denominator:
Weighted average common shares outstanding	10,078	10,126	10,116	10,116
Stock options outstanding	5	22	9	22
Weighted average common and potential common shares outstanding	10,083	10,148	10,125	10,138
Diluted income per share	$ 0.20	$ 0.41	$ 0.43	$ 0.65

Income Per Share - Additional I

Income Per Share - Additional Information (Detail) - shares shares in Thousands	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	54	2

Product Warranty Liability - Re

Product Warranty Liability - Reconciliation of the Changes in Product Warranty Liability (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Guarantees [Abstract]
Balance at beginning of period	$ 632	$ 373	$ 653	$ 308
Expense for product warranties	22	40	113	137
Product warranty claims paid	(150)	(66)	(262)	(98)
Balance at end of period	$ 504	$ 347	$ 504	$ 347

Cash Flow Statement - Additiona

Cash Flow Statement - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 4	$ 6
Income taxes paid	3,428	2,492
Excess tax benefit on stock awards	5	34
Capital expenditures incurred but not yet paid	$ 95	$ 199

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Postretirement Benefit Cost (Income) and Pension Benefit Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 130	$ 137	$ 261	$ 273
Interest cost	359	358	718	717
Expected return on assets	(795)	(759)	(1,590)	(1,517)
Amortization of prior service benefit		1		2
Amortization of actuarial loss	294	145	587	290
Net pension benefit income and postretirement benefit cost (income)	(12)	(118)	(24)	(235)
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	6	8	13	16
Amortization of prior service benefit		(27)		(53)
Amortization of actuarial loss	10	10	20	20
Net pension benefit income and postretirement benefit cost (income)	$ 16	$ (9)	$ 33	$ (17)

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($)	6 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Self-Insured medical plan liability	$ 169,000	$ 446,000
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions to its defined benefit pension plan	0
Contributions to the plan for the balance of fiscal 2016	0
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Post retirement benefit plan	1,000
Defined benefit plan, benefit expected to pay for the balance of fiscal 2016	$ 91,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	6 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Income Taxes [Line Items]
Liability unrecognized tax benefits	$ 0	$ 0
Latest Tax Year [Member] | Federal Tax Jurisdictions [Member]
Income Taxes [Line Items]
Open tax year	2,014
Latest Tax Year [Member] | State Tax Jurisdictions [Member]
Income Taxes [Line Items]
Open tax year	2,014
Latest Tax Year [Member] | International Tax Jurisdictions [Member]
Income Taxes [Line Items]
Open tax year	2,014
Earliest Tax Year [Member] | Federal Tax Jurisdictions [Member]
Income Taxes [Line Items]
Open tax year	2,013
Earliest Tax Year [Member] | State Tax Jurisdictions [Member]
Income Taxes [Line Items]
Open tax year	2,010
Earliest Tax Year [Member] | International Tax Jurisdictions [Member]
Income Taxes [Line Items]
Open tax year	2,012

Changes in Accumulated Other 42

Changes in Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income/(loss), beginning balance			$ (9,056)	$ (5,765)
Other comprehensive income before reclassifications			(111)	44
Amounts reclassified from accumulated other comprehensive loss			392	168
Total other comprehensive income	$ 86	$ 123	281	212
Accumulated other comprehensive income/(loss), ending balance	(8,775)	(5,553)	(8,775)	(5,553)
Pension and Other Postretirement Benefits Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income/(loss), beginning balance			(9,462)	(6,168)
Amounts reclassified from accumulated other comprehensive loss			392	168
Total other comprehensive income			392	168
Accumulated other comprehensive income/(loss), ending balance	(9,070)	(6,000)	(9,070)	(6,000)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income/(loss), beginning balance			406	403
Other comprehensive income before reclassifications			(111)	44
Total other comprehensive income			(111)	44
Accumulated other comprehensive income/(loss), ending balance	$ 295	$ 447	$ 295	$ 447

Changes in Accumulated Other 43

Changes in Accumulated Other Comprehensive Loss - Reclassifications Out of Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before provision for income taxes	$ 2,941	$ 6,272	$ 6,389	$ 9,898
Provision for income taxes	965	2,086	2,052	3,320
Net income	1,976	4,186	4,337	6,578
Reclassifications Out of Accumulated Other Comprehensive Loss [Member] | Amortization of Unrecognized Prior Service Benefit [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before provision for income taxes		26		51
Reclassifications Out of Accumulated Other Comprehensive Loss [Member] | Amortization of Actuarial Loss [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before provision for income taxes	(304)	(155)	(607)	(310)
Reclassifications Out of Accumulated Other Comprehensive Loss [Member] | Pension and Other Postretirement Benefits Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before provision for income taxes	(304)	(129)	(607)	(259)
Provision for income taxes	(108)	(45)	(215)	(91)
Net income	$ (196)	$ (84)	$ (392)	$ (168)

Purchase of Treasury Stock - Ad

Purchase of Treasury Stock - Additional Information (Detail) - USD ($) shares in Thousands	6 Months Ended
	Sep. 30, 2015	Jan. 29, 2015
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized amount		$ 18,000,000
Stock Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares purchased during period	187
Cost of shares purchased during period	$ 3,399,000