Motorcar Parts of America (MPAA) 10-K16 Jun 142014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Mar. 31, 2014	Jun. 09, 2014	Sep. 30, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'MOTORCAR PARTS AMERICA INC	'	'
Entity Central Index Key	'0000918251	'	'
Current Fiscal Year End Date	'--03-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Public Float	'	'	$175,620,783
Entity Common Stock, Shares Outstanding	'	15,082,645	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'FY	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Mar-14	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Mar. 31, 2013
Current assets:	'	'
Cash	$24,599,000	$19,346,000
Short-term investments	521,000	411,000
Accounts receivable - net	22,283,000	3,689,000
Inventory- net	47,246,000	31,838,000
Inventory unreturned	7,534,000	6,981,000
Deferred income taxes	18,767,000	30,996,000
Prepaid expenses and other current assets	4,316,000	8,195,000
Current assets of discontinued operations (Note 3)	0	51,175,000
Total current assets	125,266,000	152,631,000
Plant and equipment - net	11,025,000	10,036,000
Long-term core inventory - net	143,476,000	118,211,000
Long-term core inventory deposits	29,375,000	27,610,000
Long-term deferred income taxes	2,614,000	2,377,000
Intangible assets - net	3,244,000	3,983,000
Other assets	3,853,000	5,618,000
Long-term assets of discontinued operations (Note 3)	0	44,503,000
TOTAL ASSETS	318,853,000	364,969,000
Current liabilities:	'	'
Accounts payable	59,509,000	39,152,000
Accrued liabilities	8,316,000	9,326,000
Customer finished goods returns accrual	16,251,000	14,289,000
Revolving loan	10,000,000	0
Other current liabilities	1,270,000	1,192,000
Current portion of term loan	7,843,000	3,775,000
Current liabilities of discontinued operations (Note 3)	0	151,914,000
Total current liabilities	103,189,000	219,648,000
Term loan, less current portion	79,434,000	78,130,000
Deferred core revenue	15,065,000	12,014,000
Other liabilities	11,529,000	3,481,000
Long-term liabilities of discontinued operations (Note 3)	0	55,210,000
Total liabilities	209,217,000	368,483,000
Commitments and contingencies	'	'
Statement [Line Items]	'	'
Preferred stock	0	0
Common stock; par value $.01 per share, 50,000,000 and 20,000,000 shares authorized; 15,067,645 and 14,460,979 shares issued and outstanding at March 31, 2014 and 2013, respectively	151,000	145,000
Additional paid-in capital	120,553,000	114,737,000
Accumulated other comprehensive loss	-877,000	-846,000
Accumulated deficit	-10,191,000	-117,550,000
Total shareholders' (deficit) equity	109,636,000	-3,514,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	318,853,000	364,969,000
Series A junior participating preferred stock [Member]	'	'
Statement [Line Items]	'	'
Preferred stock	$0	$0

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Shareholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	50,000,000	20,000,000
Common stock, issued (in shares)	15,067,645	14,460,979
Common stock, outstanding (in shares)	15,067,645	14,460,979
Series A Junior Participating Preferred Stock [Member]	'	'
Shareholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, authorized (in shares)	20,000	20,000
Preferred stock, issued (in shares)	0	0

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
Consolidated Statements of Operations (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Consolidated Statements of Operations [Abstract]	'	'	'
Net sales	$258,669,000	$213,151,000	$178,551,000
Cost of goods sold	177,103,000	143,810,000	121,219,000
Gross profit	81,566,000	69,341,000	57,332,000
Operating expenses:	'	'	'
General and administrative	39,684,000	25,807,000	20,621,000
Sales and marketing	7,838,000	7,290,000	7,659,000
Research and development	1,940,000	1,930,000	1,765,000
Acquisition costs	0	0	713,000
Total operating expenses	49,462,000	35,027,000	30,758,000
Operating income	32,104,000	34,314,000	26,574,000
Interest expense, net	18,289,000	12,324,000	4,841,000
Income from continuing operations before income tax expense	13,815,000	21,990,000	21,733,000
Income tax expense	7,333,000	7,432,000	7,385,000
Income from continuing operations	6,482,000	14,558,000	14,348,000
Income (loss) from discontinued operations	100,877,000	-106,069,000	-62,862,000
Net income (loss)	$107,359,000	($91,511,000)	($48,514,000)
Basic net income per share from continuing operations (in dollars per share)	$0.45	$1.01	$1.15
Basic net income (loss) per share from discontinued operations (in dollars per share)	$6.89	($7.40)	($5.05)
Basic net income (loss) per share (in dollars per share)	$7.34	($6.39)	($3.90)
Diluted net income per share from continuing operations (in dollars per share)	$0.42	$1.01	$1.13
Diluted net income (loss) per share from discontinued operation (in dollars per share)	$6.59	($7.37)	($4.93)
Diluted net income (loss) per share (in dollars per share)	$7.01	($6.36)	($3.80)
Weighted average number of shares outstanding:	'	'	'
Basic (in shares)	14,633,946	14,327,310	12,442,684
Diluted (in shares)	15,317,931	14,385,515	12,756,845

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive (Loss) Income (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Consolidated Statements of Comprehensive (Loss) Income [Abstract]	'	'	'
Net income (loss)	$107,359,000	($91,511,000)	($48,514,000)
Other comprehensive (loss) income, net of tax:	'	'	'
Unrealized gain on short-term investments (net of tax of $22,000, $11,000, and $0, respectively)	34,000	162,000	70,000
Foreign currency translation (loss) gain	-65,000	-124,000	-605,000
Total other comprehensive (loss) income, net of tax	-31,000	38,000	-535,000
Comprehensive income (loss)	$107,328,000	($91,473,000)	($49,049,000)

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Other comprehensive (loss) income, net of tax:	'	'	'
Unrealized gain on short-term investments, tax	$22,000	$11,000	$0

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders' Equity (Deficit) (USD $)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital Common Stock [Member]	Additional Paid-in Capital Warrants [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance at Mar. 31, 2011	$121,000	($89,000)	$93,140,000	$1,879,000	($349,000)	$22,475,000	$117,177,000
Balance (in shares) at Mar. 31, 2011	12,078,271	-14,400	'	'	'	'	'
Compensation recognized under employee stock plans	0	0	52,000	0	0	0	52,000
Exercise of options (in shares)	95,550	'	'	'	'	'	'
Exercise of options	1,000	0	320,000	0	0	0	321,000
Tax benefit from employee stock options exercised	0	0	172,000	0	0	0	172,000
Common stock issued as consideration for acquisition (in shares)	360,000	0	'	'	'	'	'
Common stock issued as consideration for acquisition	3,000	0	4,943,000	0	0	0	4,946,000
Unrealized gain on investments, net of tax	0	0	0	0	70,000	0	70,000
Foreign currency translation	0	0	0	0	-605,000	0	-605,000
Net income (loss)	0	0	0	0	0	-48,514,000	-48,514,000
Balance at Mar. 31, 2012	125,000	-89,000	98,627,000	1,879,000	-884,000	-26,039,000	73,619,000
Balance (in shares) at Mar. 31, 2012	12,533,821	-14,400	'	'	'	'	'
Compensation recognized under employee stock plans	0	0	752,000	0	0	0	752,000
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)	52,530	'	'	'	'	'	'
Common stock issued under stock plans, net of shares withheld for employee taxes	1,000	'	241,000	'	'	'	242,000
Repurchase of options granted	'	'	-455,000	'	'	'	-455,000
Tax benefit from employee stock options exercised	0	0	101,000	0	0	0	101,000
Expired unexercised warrants	'	'	1,879,000	-1,879,000	'	'	0
Repurchase of common stock including fees (in shares)	'	-52,947	'	'	'	'	'
Repurchase of common stock including fees	'	-300,000	'	'	'	'	-300,000
Cancellation of treasury stock (in shares)	-67,347	67,347	'	'	'	'	'
Cancellation of treasury stock	-1,000	389,000	-388,000	'	'	'	0
Common stock issued in connection with PIPE (in shares)	1,936,000	0	'	'	'	'	'
Common stock issued in connection with PIPE	20,000	0	14,985,000	0	0	0	15,005,000
Stock issuance costs	0	0	-1,034,000	0	'	'	-1,034,000
Common stock issued in lieu of cash for PIPE liquidated damages (in shares)	5,975	0	'	'	'	'	'
Common stock issued in lieu of cash for PIPE liquidated damages	0	0	29,000	'	'	'	29,000
Unrealized gain on investments, net of tax	0	0	0	0	162,000	0	162,000
Foreign currency translation	0	0	0	0	-124,000	0	-124,000
Net income (loss)	0	0	0	0	0	-91,511,000	-91,511,000
Balance at Mar. 31, 2013	145,000	0	114,737,000	0	-846,000	-117,550,000	-3,514,000
Balance (in shares) at Mar. 31, 2013	14,460,979	0	'	'	'	'	'
Compensation recognized under employee stock plans	0	0	969,000	0	0	0	969,000
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)	606,666	'	'	'	'	'	'
Common stock issued under stock plans, net of shares withheld for employee taxes	6,000	'	5,760,000	'	'	'	5,766,000
Repurchase of options granted	'	'	-627,000	'	'	'	-627,000
Tax benefit from employee stock options exercised	0	0	-286,000	0	0	0	-286,000
Unrealized gain on investments, net of tax	0	0	0	0	34,000	0	34,000
Foreign currency translation	0	0	0	0	-65,000	0	-65,000
Net income (loss)	0	0	0	0	0	107,359,000	107,359,000
Balance at Mar. 31, 2014	$151,000	$0	$120,553,000	$0	($877,000)	($10,191,000)	$109,636,000
Balance (in shares) at Mar. 31, 2014	15,067,645	0	'	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
Consolidated Statements of Cash Flows (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:	'	'	'
Net income (loss)	$107,359,000	($91,511,000)	($48,514,000)
Less income (loss) from discontinued operations	100,877,000	-106,069,000	-62,862,000
Income from continuing operations	6,482,000	14,558,000	14,348,000
Adjustments to reconcile net income from continuing operations to net cash provided by (used in) operating activities:	'	'	'
Depreciation	2,003,000	2,076,000	2,692,000
Amortization of intangible assets	739,000	773,000	774,000
Amortization of deferred financing costs	4,574,000	1,702,000	576,000
Loss due to change in fair value of warrant liability	10,443,000	389,000	0
Gain on extinguishment of warrant liability	-216,000	0	0
Provision for inventory reserves	1,620,000	1,814,000	3,216,000
Net (recovery of) provision for customer payment discrepancies	-10,000	536,000	270,000
Net (recovery of) provision for doubtful accounts	-47,000	166,000	-14,000
Deferred income taxes	20,124,000	1,561,000	1,673,000
Share-based compensation expense	969,000	1,083,000	52,000
Impact of tax benefit on APIC pool from stock options exercised	569,000	70,000	83,000
Loss on disposal of assets	9,000	3,000	14,000
Changes in current assets and liabilities:	'	'	'
Accounts receivable	-18,342,000	5,940,000	-4,113,000
Inventory	-14,478,000	-1,491,000	-1,753,000
Inventory unreturned	-552,000	-1,296,000	-654,000
Prepaid expenses and other current assets	3,689,000	-4,063,000	2,982,000
Other assets	-463,000	-321,000	-234,000
Accounts payable and accrued liabilities	18,965,000	-10,300,000	12,834,000
Customer finished goods returns accrual	1,961,000	3,242,000	1,886,000
Deferred core revenue	3,051,000	2,239,000	1,046,000
Long-term core inventory	-26,519,000	-22,993,000	-18,554,000
Long-term core inventory deposits	-1,766,000	-671,000	-955,000
Other liabilities	485,000	225,000	-367,000
Net cash provided by (used in) operating activities from continuing operations	13,290,000	-4,758,000	15,802,000
Net cash provided by (used in) operating activities from discontinued operations	227,000	-26,303,000	-54,290,000
Net cash provided by (used in) operating activities	13,517,000	-31,061,000	-38,488,000
Cash flows from investing activities:	'	'	'
Purchase of plant and equipment	-2,978,000	-2,330,000	-1,010,000
Change in short term investments	-54,000	-41,000	-37,000
Net cash used in investing activities from continuing operations	-3,032,000	-2,371,000	-1,047,000
Net cash used in investing activities from discontinued operations	-295,000	-1,698,000	-544,000
Net cash used in investing activities	-3,327,000	-4,069,000	-1,591,000
Cash flows from financing activities:	'	'	'
Borrowings under revolving loan	10,000,000	0	53,000,000
Repayments under revolving loan	0	0	-53,000,000
Proceeds from term loan	20,000,000	10,000,000	75,000,000
Repayments of term loan	-11,600,000	-500,000	-7,500,000
Deferred financing costs	-5,221,000	-799,000	-6,560,000
Payments on capital lease obligations	-196,000	-289,000	-373,000
Exercise of stock options	5,760,000	73,000	320,000
Tax benefit from employee stock options exercised	-286,000	101,000	172,000
Cash used to net share settle equity awards	0	-163,000	0
Repurchase of common stock and options, including fees	-627,000	-755,000	0
Repurchase of warrants	-2,194,000	0	0
Proceeds from issuance of common stock	6,000	15,005,000	1,000
Stock issuance costs	0	-1,034,000	0
Net cash provided by financing activities from continuing operations	15,642,000	21,639,000	61,060,000
Net cash (used in) provided by financing activities from discontinued operations	-20,636,000	263,000	9,122,000
Net cash (used in) provided by financing activities	-4,994,000	21,902,000	70,182,000
Effect of exchange rate changes on cash	-31,000	45,000	37,000
Net (decrease) increase in cash	5,165,000	-13,183,000	30,140,000
Cash - Beginning of period from continuing operations	19,346,000	32,379,000	2,477,000
Cash - Beginning of period from discontinued operations	88,000	238,000	0
Cash - End of period	24,599,000	19,434,000	32,617,000
Less Cash - End of period from discontinued operations	0	88,000	238,000
Cash - End of period from continuing operations	24,599,000	19,346,000	32,379,000
Cash paid during the period for:	'	'	'
Interest, net	14,647,000	22,923,000	11,905,000
Income taxes, net of refunds	-16,472,000	8,128,000	3,036,000
Non-cash investing and financing activities:	'	'	'
Property acquired under capital lease	303,000	155,000	0
Warrants issued in connection with debt	0	1,625,000	0
Common stock issued in business combination	$0	$0	$4,946,000

Company_Background_and_Organiz

Company Background and Organization	12 Months Ended
Company Background and Organization	Mar. 31, 2014
Company Background and Organization [Abstract]	'
Company Background and Organization	'
	1. Company Background and Organization

	Overview

	Motorcar Parts of America, Inc. and its subsidiaries (the “Company”, or “MPA”) is a leading manufacturer, remanufacturer, and distributor of aftermarket automotive parts. These replacement parts are sold for use on vehicles after initial vehicle purchase. These automotive parts are sold to automotive retail chain stores and warehouse distributors throughout North America and to major automobile manufacturers. The Company began selling new wheel hub assemblies and wheel hub bearings in late June 2013.

	The Company obtains used automotive parts, commonly known as Used Cores, primarily from its customers under the Company’s core exchange program. It also purchases Used Cores from vendors (core brokers). The customers grant credit to the consumer when the used part is returned to them, and the Company in turn provides a credit to the customers upon return to the Company. These Used Cores are an essential material needed for the remanufacturing operations.

	The Company has remanufacturing, warehousing and shipping/receiving operations for automotive parts in North America and Asia. In addition, the Company utilizes various third party warehouse distribution centers in North America.

	The Company has determined that it has two operating segments: (i) wheel hub assemblies and bearings and (ii) rotating electrical products which consist of alternators and starters. Pursuant to the guidance provided under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), for segment reporting the Company has determined that these operating segments meet the criteria for aggregation and accordingly the Company has one reportable segment for purposes of recording and reporting its financial results.

Summary_of_Significant_Account

Summary of Significant Accounting Policies

12 Months Ended

Mar. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Motorcar Parts of America, Inc. and its wholly owned subsidiaries. All significant inter-company accounts and transactions have been eliminated. The Company has classified Fenco (as defined in Note 3) operations as discontinued operations in the accompanying consolidated financial statements as a result of the Fenco Entities (as defined in Note 3) voluntary petition for relief under Chapter 7 of Title 11 of the United States Code in the U.S. Bankruptcy Court of the District of Delaware on June 10, 2013 (see Note 3). Correspondingly, reclassifications of Fenco’s assets, liabilities, and operations for prior year periods to discontinued operations have been made to conform to the current year’s presentation.

Reclassifications

Certain items in the consolidated balance sheet for the fiscal year ended March 31, 2013 have been reclassified to conform to fiscal 2014 classifications. Certain deferred fees and costs paid to the Company’s lenders under its financing agreement have been reclassified from other assets to an offset to the term loan in the consolidated balance sheet at March 31, 2013 to conform to the consolidated balance sheet presentation at March 31, 2014.

Cash and Cash Equivalents

Cash primarily consists of cash on hand and bank deposits. Cash equivalents consist of money market funds. The Company considers all highly liquid investments purchased with an original or remaining maturity of less than three months at the date of purchase to be cash equivalents. Cash and cash equivalents are maintained with various financial institutions.

Accounts Receivable

The allowance for doubtful accounts is developed based upon several factors including customer credit quality, historical write-off experience and any known specific issues or disputes which exist as of the balance sheet date. Accounts receivable are written off only when all collection attempts have failed. The Company does not require collateral for accounts receivable.

The Company has receivable discount programs that have been established with certain customers and their respective banks. Under these programs, the Company has the option to sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. Once the customer chooses which outstanding invoices are going to be made available for discounting, the Company can accept or decline the bundle of invoices provided. The receivable discount programs are non-recourse, and funds cannot be reclaimed by the customer or its bank after the related invoices have been discounted.

Inventory

Non-core Inventory

Non-core inventory is comprised of (i) non-core raw materials, (ii) the non-core value of work in process, (iii) the non-core value of rotating electrical finished goods, and (iv) purchased finished goods. Used Cores, the Used Core value of work in process and the Remanufactured Core portion of finished goods are classified as long-term core inventory as described below under the caption “Long-term Core Inventory.” Used Cores are a source of raw materials used in the manufacturing of the Company’s rotating electrical products.

Non-core inventory is stated at the lower of cost or market. The cost of non-core remanufactured inventory approximates average historical purchase prices paid for raw materials, and is based upon the direct costs of material and an allocation of labor and variable and fixed overhead costs. The cost of purchased finished goods inventory approximates average historical purchase prices paid, and an allocation of fixed overhead costs. The cost of non-core inventory is evaluated at least quarterly during the fiscal year and adjusted as necessary to reflect current lower of cost or market levels. These adjustments are determined for individual items of inventory within each of the three classifications of non-core inventory as follows:

•

Non-core raw materials are recorded at average cost, which is based on the actual purchase price of raw materials on hand. The average cost is updated quarterly. This average cost is used in the inventory costing process and is the basis for allocation of materials to finished goods during the production process.

•

Non-core work in process is in various stages of production and is valued at the average cost of materials issued to open work orders. Historically, non-core work in process inventory has not been material compared to the total non-core inventory balance.

•

The cost of remanufactured finished goods includes the average cost of non-core raw materials and allocations of labor and variable and fixed overhead. The allocations of labor and variable and fixed overhead costs are determined based on the average actual use of the production facilities over the prior twelve months which approximates normal capacity. This method prevents the distortion in allocated labor and overhead costs that would occur during short periods of abnormally low or high production. In addition, the Company excludes certain unallocated overhead such as severance costs, duplicative facility overhead costs, and spoilage from the calculation and expenses these unallocated overhead as period costs. For the fiscal years ended March 31, 2014, 2013, and 2012, costs of approximately $1,070,000, $1,561,000, and $1,410,000, respectively, were considered unallocated overhead charged directly to cost of sales and thus excluded from the calculation of the cost for remanufactured finished goods.

The Company records an allowance for potentially excess and obsolete inventory based upon recent sales history, the quantity of inventory on-hand, and a forecast of potential use of the inventory. The Company periodically reviews inventory to identify excess quantities and part numbers that are experiencing a reduction in demand. Any part numbers with quantities identified during this process are reserved for at rates based upon management’s judgment, historical rates, and consideration of possible scrap and liquidation values which may be as high as 100% of cost if no liquidation market exists for the part.

The quantity thresholds and reserve rates are subjective and are based on management’s judgment and knowledge of current and projected industry demand. The reserve estimates may, therefore, be revised if there are changes in the overall market for the Company’s products or market changes that in management’s judgment, impact its ability to sell or liquidate potentially excess or obsolete inventory. The Company had recorded $2,708,000 and $2,498,000 for excess and obsolete inventory at March 31, 2014 and 2013, respectively. This increase was primarily recorded in the Company’s non-core inventory due to the increased inventory levels.

The Company records vendor discounts as a reduction of inventories that are recognized as a reduction to cost of sales as the inventories are sold.

Inventory Unreturned

Inventory unreturned represents the Company’s estimate, based on historical data and prospective information provided directly by the customer, of finished goods shipped to customers that the Company expects to be returned after the balance sheet date. Because all cores are classified separately as long-term assets, the inventory unreturned balance includes only the added unit value of finished goods. The return rate is calculated based on expected returns within the normal operating cycle of one year. As such, the related amounts are classified in current assets.

Inventory unreturned is valued in the same manner as the Company’s finished goods inventory.

Long-term Core Inventory

Long-term core inventory consists of:

•

Used Cores purchased from core brokers and held in inventory at the Company’s facilities,

•

Used Cores returned by the Company’s customers and held in inventory at the Company’s facilities,

•

Used Cores returned by end-users to customers but not yet returned to the Company are classified as Remanufactured Cores until they are physically received by the Company,

•

Remanufactured Cores held in finished goods inventory at the Company’s facilities; and

•

Remanufactured Cores held at customer locations as a part of finished goods sold to the customer. For these Remanufactured Cores, the Company expects the finished good containing the Remanufactured Core to be returned under the Company’s general right of return policy or a similar Used Core to be returned to the Company by the customer, in each case, for credit.

Long-term core inventory is recorded at average historical purchase prices determined based on actual purchases of inventory on hand. The cost and market value of Used Cores for which sufficient recent purchases have occurred are deemed the same as the purchase price for purchases that are made in arm’s length transactions.

Long-term core inventory recorded at average historical purchase prices is primarily made up of Used Cores for newer products related to more recent automobile models or products for which there is a less liquid market. The Company must purchase these Used Cores from core brokers because its customers do not have a sufficient supply of these newer Used Cores available for the core exchange program.

Used Cores obtained in core broker transactions are valued based on average purchase price. The average purchase price of Used Cores for more recent automobile models is retained as the cost for these Used Cores in subsequent periods even as the source of these Used Cores shifts to the core exchange program.

Long-term core inventory is recorded at the lower of cost or market value. In the absence of sufficient recent purchases, the Company uses core broker price lists to assess whether Used Core cost exceeds Used Core market value on an item by item basis. The primary reason for the insufficient recent purchases is that the Company obtains most of its Used Core inventory from the customer core exchange program.

The Company classifies all of its core inventories as long-term assets. The determination of the long-term classification is based on its view that the value of the cores is not consumed or realized in cash during the Company’s normal operating cycle, which is one year for most of the cores recorded in inventory. According to guidance provided under the FASB ASC, current assets are defined as “assets or resources commonly identified as those which are reasonably expected to be realized in cash or sold or consumed during the normal operating cycle of the business.” The Company does not believe that core inventories, which the Company classifies as long-term, are consumed because the credits issued upon the return of Used Cores offset the amounts invoiced when the Remanufactured Cores included in finished goods were sold. The Company does not expect the core inventories to be consumed, and thus the Company does not expect to realize cash, until its relationship with a customer ends, a possibility that the Company considers remote based on existing long-term customer agreements and historical experience.

However, historically for certain finished goods sold, the Company’s customer will not send the Company a Used Core to obtain the credit the Company offers under its core exchange program. Therefore, based on the Company’s historical estimate, the Company relieves the core value for these finished goods upon sale, as the Company believes they have been consumed and the Company has realized cash.

The Company realizes cash for only the core exchange program shortfall. This shortfall represents the historical difference between the number of finished goods shipped to customers and the number of Used Cores returned to the Company by customers. The Company does not realize cash for the remaining portion of the cores because the credits issued upon the return of Used Cores offset the amounts invoiced when the Remanufactured Cores included in finished goods were sold. The Company does not expect to realize cash for the remaining portion of these Remanufactured Cores until its relationship with a customer ends, a possibility that the Company considers remote based on existing long-term customer agreements and historical experience.

For these reasons, the Company concluded that it is more appropriate to classify core inventory as long-term assets.

Long-term Core Inventory Deposit

The long-term core inventory deposit account represents the value of Remanufactured Cores the Company purchased from customers, which are held by the customers and remain on the customers’ premises. The purchase is made through the issuance of credits against that customer’s receivables either on a one-time basis or over an agreed-upon period. The credits against the customer’s receivable are based upon the Remanufactured Core purchase price previously established with the customer. At the same time, the Company records the long-term core inventory deposit for the Remanufactured Cores purchased at its cost, determined as noted under Long-term Core Inventory. The long-term core inventory deposit is stated at the lower of cost or market. The cost is established at the time of the transaction based on the then current cost, determined as noted under Long-term Core Inventory. The difference between the credit granted and the cost of the long-term core inventory deposit is treated as a sales allowance reducing revenue. When the purchases are made over an agreed-upon period, the long-term core inventory deposit is recorded at the same time the credit is issued to the customer for the purchase of the Remanufactured Cores.

At least annually, and as often as quarterly, reconciliations and confirmations are performed to determine that the number of Remanufactured Cores purchased, but retained at the customer locations, remains sufficient to support the amounts recorded in the long-term core inventory deposit account. At the same time, the mix of Remanufactured Cores is reviewed to determine that the aggregate value of Remanufactured Cores in the account has not changed during the reporting period. The Company evaluates the cost of cores supporting the aggregate long-term core inventory deposit account each quarter. If the Company identifies any permanent reduction in either the number or the aggregate value of the Remanufactured Core inventory mix held at the customer location, the Company will record a reduction in the long-term core inventory deposit account resulting in a corresponding increase to cost of sales during that period.

Customer Finished Goods Returns Accrual

The customer finished goods returns accrual represents the Company’s estimate of its exposure to customer returns, including warranty returns, under its general right of return policy to allow customers to return items that their end user customers have returned to them and from time to time, stock adjustment returns when the customers’ inventory of certain products exceeds the anticipated sales to end-user customers. The customer finished goods returns accrual represents the non-core sales value of the estimated returns and is classified as a current liability due to the expectation that these returns will occur within the normal operating cycle of one year.

Income Taxes

The Company accounts for income taxes using the liability method, which measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The resulting asset or liability is adjusted to reflect changes in the tax laws as they occur. A valuation allowance is provided to reduce deferred tax assets when it is more likely than not that a portion of the deferred tax asset will not be realized.

The primary components of the Company’s income tax provision are (i) the current liability or refund due for federal, state and foreign income taxes and (ii) the change in the amount of the net deferred income tax asset, including the effect of any change in the valuation allowance.

Realization of deferred tax assets is dependent upon the Company’s ability to generate sufficient future taxable income. The Company reviews its deferred tax assets on a jurisdiction by jurisdiction basis to determine whether it is more likely than not that the deferred tax assets will be realized. The Company believes that it is more likely than not that future taxable income will be sufficient to realize the recorded deferred tax assets. In evaluating this ability, the Company considers long-term agreements, including Remanufactured Core purchase obligations, with each of its major customers that expire at various dates through March 2019. The Company periodically compares its forecasts to actual results. Although there can be no assurance that the forecasted results will be achieved, the history of income in all jurisdictions provides sufficient positive evidence that no valuation allowance is needed.

Plant and Equipment

Plant and equipment are stated at cost, less accumulated depreciation. The cost of additions and improvements are capitalized, while maintenance and repairs are charged to expense when incurred. Depreciation is provided on a straight-line basis in amounts sufficient to relate the cost of depreciable assets to operations over their estimated service lives. Machinery and equipment are depreciated over a range from five to ten years. Office equipment and fixtures are depreciated over a range from three to ten years. Leasehold improvements are depreciated over the lives of the respective leases or the service lives of the leasehold improvements, whichever is shorter. Depreciation of assets recorded under capital leases is included in depreciation expense.

Intangible Assets

The Company’s intangible assets other than goodwill are finite–lived and amortized on a straight line basis over their respective useful lives. Finite-lived intangible assets are analyzed for impairment when and if indicators of impairment exist. As of March 31, 2014, there were no indicators of impairment.

Deferred Financing Costs

Deferred financing costs include fees and costs incurred to obtain financing. The fees and costs paid to lenders under the Company’s financing agreement are recorded as an offset to the term loan and the fees and costs paid to third party non-lenders are recorded in other assets in the accompanying consolidated balance sheets. These fees and costs are amortized using the straight-line method, which approximates the effective interest rate method, over the terms of the related loans and are included in interest expense in the Company’s consolidated statements of operations.

Foreign Currency Translation

For financial reporting purposes, the functional currency of the foreign subsidiaries is the local currency. The assets and liabilities of foreign operations for which the local currency is the functional currency are translated into the U.S. dollar at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average exchange rates during the year. The accumulated foreign currency translation adjustment is presented as a component of comprehensive income or loss in the consolidated statements of shareholders’ equity.

Revenue Recognition

The Company recognizes revenue when performance by the Company is complete and all of the following criteria have been met:

•

Persuasive evidence of an arrangement exists,

•

Delivery has occurred or services have been rendered,

•

The seller’s price to the buyer is fixed or determinable, and

•

Collectability is reasonably assured.

For products shipped free-on-board (“FOB”) shipping point, revenue is recognized on the date of shipment. For products shipped FOB destination, revenues are recognized on the estimated or actual date of delivery. The Company includes shipping and handling charges in its gross invoice price to customers and classifies the total amount as revenue. Shipping and handling costs are recorded as cost of sales.

The price of a finished rotating electrical product sold to customers is generally comprised of separately invoiced amounts for the Remanufactured Core included in the product (“Remanufactured Core value”) and for the value added by remanufacturing (“unit value”). Unit value revenue is recorded based on the Company’s price list, net of applicable discounts and allowances. The Company allows customers to return slow moving and other inventory. The Company provides for such returns of inventory by reducing revenue and cost of sales for the unit value of goods sold that are expected to be returned based on a historical return analysis and information obtained from customers about current stock levels as further described under the captions “Customer Finished Goods Returns Accrual” and “Inventory Unreturned”.

The Company accounts for revenues and cost of sales on a net-of-core-value basis. The Company has determined that its business practices and contractual arrangements result in a significant portion of the Remanufactured Cores sold being replaced by similar Used Cores sent back for credit by customers under the Company’s core exchange program. Accordingly, the Company excludes the value of Remanufactured Cores from revenue.

When the Company ships a product, it recognizes an obligation to accept a similar Used Core sent back under the core exchange program by recording a contra receivable account based upon the Remanufactured Core price agreed upon by the Company and its customer. Upon receipt of a Used Core, the Company grants the customer a credit based on the Remanufactured Core price billed and restores the Used Core to on-hand inventory.

When the Company ships a product, it invoices certain customers for the Remanufactured Core portion of the product at full Remanufactured Core sales price. For these Remanufactured Cores, the Company recognizes core revenue based upon an estimate of the rate at which the Company’s customers will pay cash for Remanufactured Cores in lieu of sending back similar Used Cores for credits under the Company’s core exchange program.

In addition, the Company recognizes revenue related to Remanufactured Cores originally sold at a nominal price and not expected to be replaced by a similar Used Core under the core exchange program. Unlike the full price Remanufactured Cores, the Company only recognizes revenue from nominally priced Remanufactured Cores not expected to be replaced by a similar Used Core sent back under the core exchange program when the Company believes it has met all of the following criteria:

•

The Company has a signed agreement with the customer covering the nominally priced Remanufactured Cores not expected to be replaced by a similar Used Core sent back under the core exchange program. This agreement must specify the number of Remanufactured Cores its customer will pay cash for in lieu of sending back a similar Used Core and the basis on which the nominally priced Remanufactured Cores are to be valued (normally the average price per Remanufactured Core stipulated in the agreement).

•

The contractual date for reconciling the Company’s records and customer’s records of the number of nominally priced Remanufactured Cores not expected to be replaced by a similar Used Core sent back under the core exchange program must be in the current or a prior period.

•

The reconciliation of the nominally priced Remanufactured Cores must be completed and agreed to by the customer.

•

The amount must be billed to the customer.

The Company has agreed in the past and may in the future agree to buy back Remanufactured Cores. The difference between the credit granted and the cost of the Remanufactured Cores bought back is treated as a sales allowance reducing revenue. As a result of the increasing level of Remanufactured Core buybacks, the Company now defers core revenue from these customers until there is no expectation that the sales allowances associated with Remanufactured Core buybacks from these customers will offset Remanufactured Core revenues that would otherwise be recognized once the criteria noted above have been met. At March 31, 2014 and 2013, Remanufactured Core revenue of $15,065,000 and $12,014,000, respectively, was deferred.

Marketing Allowances

The Company records the cost of all marketing allowances provided to its customers. Such allowances include sales incentives and concessions. Voluntary marketing allowances related to a single exchange of product are recorded as a reduction of revenues at the time the related revenues are recorded or when such incentives are offered. Other marketing allowances, which may only be applied against future purchases, are recorded as a reduction to revenues in accordance with a schedule set forth in the relevant contract. Sales incentive amounts are recorded based on the value of the incentive provided. See Note 14 for a description of all marketing allowances.

Advertising Costs

The Company expenses all advertising costs as incurred. Advertising expenses from the Company’s continuing operations for the fiscal years ended March 31, 2014, 2013 and 2012 were $205,000, $343,000, and $381,000, respectively.

Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share includes the effect, if any, from the potential exercise or conversion of securities, such as stock options and warrants, which would result in the issuance of incremental shares of common stock.

The following presents a reconciliation of basic and diluted net income (loss) per share.

Years Ended March 31,

2014

2013

2012

Income from continuing operations

6,482,000

14,558,000

14,348,000

Income (loss) from discontinued operations

100,877,000

(106,069,000

)

(62,862,000

)

Net income (loss)

107,359,000

(91,511,000

)

(48,514,000

)

Basic shares

14,633,946

14,327,310

12,442,684

Effect of dilutive stock options and warrants

683,985

58,205

314,161

Diluted shares

15,317,931

14,385,515

12,756,845

Net income (loss) per share:

Basic net income per share from continuing operations

0.45

1.01

1.15

Basic net income (loss) per share from discontinued operations

6.89

(7.40

)

(5.05

)

Basic net income (loss) per share

7.34

(6.39

)

(3.90

)

Diluted net income per share from continuing operations

0.42

1.01

1.13

Diluted net income (loss) per share from discontinued operations

6.59

(7.37

)

(4.93

)

Diluted net income (loss) per share

7.01

(6.36

)

(3.80

)

The effect of dilutive options and warrants excludes (i) 77,000 shares subject to options with exercise prices ranging from $13.65 to $19.94 per share for the year ended March 31, 2014, (ii) 1,922,334 shares subject to options and 735,484 shares subject to warrants with exercise prices ranging from $5.83 to $15.06 per share for the year ended March 31, 2013, and (iii) 463,000 shares subject to options and 546,283 shares subject to warrants with exercise prices ranging from $10.73 to $15.06 per share for the year ended March 31, 2012.

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. On an on-going basis, the Company evaluates its estimates, including those related to the carrying amount of plant and equipment, valuation of acquisition-related intangible assets, impairment of long-lived assets, valuation and return allowances for receivables, inventories, and deferred income taxes, accrued liabilities, warrant liability, share-based compensation, and litigation and disputes.

The Company uses significant estimates in the calculation of sales returns. These estimates are based on the Company’s historical return rates and an evaluation of estimated sales returns from specific customers.

The Company uses significant estimates in the calculation of the lower of cost or market value of long-term core inventory.

The Company’s calculation of inventory reserves involves significant estimates. The basis for the inventory reserve is a comparison of inventory on hand to historical production usage or sales volumes.

The Company records its liability for self-insured workers’ compensation by including an estimate of the liability associated with total claims incurred and reported as well as an estimate of the liabilities associated with incurred, but not reported, claims determined by applying the Company’s historical claims development factor to its estimate of the liabilities associated with incurred and reported claims.

The Company uses significant estimates in the calculation of its income tax provision or benefit by using forecasts to estimate whether it will have sufficient future taxable income to realize its deferred tax assets. There can be no assurances that the Company’s taxable income will be sufficient to realize such deferred tax assets.

The Company uses significant estimates in the ongoing calculation of potential liabilities from uncertain tax positions that are more likely than not to occur.

A change in the assumptions used in the estimates for sales returns, inventory reserves and income taxes could result in a difference in the related amounts recorded in the Company’s consolidated financial statements.

Financial Instruments

The carrying amounts of cash, short-term investments, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term nature of these instruments. The carrying amounts of the revolving loan, term loan and other long-term liabilities approximate their fair value based on current rates for instruments with similar characteristics.

Stock Options and Share-Based Payments

In accounting for share-based compensation awards, the Company follows the accounting guidance for equity-based compensation, which requires that the Company measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost associated with stock options is estimated using the Black-Scholes option-pricing model. The cost of equity instruments is recognized in the consolidated statements of operations on a straight-line basis (net of estimated forfeitures) over the period during which an employee is required to provide service in exchange for the award. Also, excess tax benefits realized are reported as a financing cash inflow.

The Black-Scholes option pricing model requires the input of subjective assumptions including the expected volatility of the underlying stock and the expected holding period of the option. These subjective assumptions are based on both historical and other information. Changes in the values assumed and used in the model can materially affect the estimate of fair value. Options to purchase 331,000, 635,800 and 15,000 shares of common stock were granted during the years ended March 31, 2014, 2013 and 2012, respectively.

The table below summarizes the Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted during the periods noted.

Years Ended March 31,

2014

2013

2012

Weighted average risk free interest rate

1.88

1.17

1.74

Weighted average expected holding period (years)

5.89

6.6

6.29

Weighted average expected volatility

48.15

44.25

40.28

Weighted average expected dividend yield

Weighted average fair value of options granted

5.16

2.92

4.21

Credit Risk

The majority of the Company’s sales are to leading automotive aftermarket parts suppliers. Management believes the credit risk with respect to trade accounts receivable is limited due to the Company’s credit evaluation process and the nature of its customers. However, should the Company’s customers experience significant cash flow problems, the Company’s financial position and results of operations could be materially and adversely affected, and the maximum amount of loss that would be incurred would be the outstanding receivable balance, Used Cores expected to be returned by customer, and the value of the Remanufactured Cores held at customers’ locations at March 31, 2014.

Deferred Compensation Plan

The Company has a deferred compensation plan for certain members of management. The plan allows participants to defer salary and bonuses. The assets of the plan are held in a trust and are subject to the claims of the Company’s general creditors under federal and state laws in the event of insolvency. Consequently, the trust qualifies as a Rabbi trust for income tax purposes. The plan’s assets consist primarily of mutual funds and are classified as available for sale. The investments are recorded at market value, with any unrealized gain or loss recorded as other comprehensive income or loss in shareholders’ equity. Adjustments to the deferred compensation obligation are recorded in operating expenses. The Company did not redeem any of its short-term investments for the payment of deferred compensation liabilities during the years ended March 31, 2014 and 2013. The carrying value of plan assets was $521,000 and $411,000, and deferred compensation obligation was $521,000 and $411,000 at March 31, 2014 and 2013, respectively. During the years ended March 31, 2014, 2013, and 2012 an expense of $10,000, $8,000, and $8,000, respectively, was recorded for each year related to the deferred compensation plan.

Comprehensive Income or Loss

Comprehensive income or loss is defined as the change in equity during a period resulting from transactions and other events and circumstances from non-owner sources. The Company’s total comprehensive income or loss consists of net unrealized income or loss from foreign currency translation adjustments and unrealized gains or losses on short-term investments.

New Accounting Pronouncements

Accumulated other comprehensive income (“AOCI”)

In the first quarter of fiscal 2014, the Company adopted an accounting standard issued by the FASB that requires entities to provide details of reclassifications in the disclosure of changes in AOCI balances. In addition, for significant items reclassified out of AOCI in the fiscal year, entities must provide information about the effects on net income together, in one location, on the face of the statement where net income is presented, or as a separate disclosure in the notes. For items not reclassified to net income in their entirety in the fiscal year, entities must cross-reference to the note where additional details about the effects of the reclassifications are disclosed. The adoption of this update did not impact the Company’s financial position, results of operations or cash flows.

Income Taxes

In July 2013, the FASB issued guidance that requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward when settlement in this manner is available under the tax law and the Company intends to use the deferred tax asset for that purpose. The amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2013. The adoption of this guidance is not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Discontinued Operations

In April 2014, the FASB issued guidance on reporting discontinued operations. The new guidance changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results. The guidance applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. The standard is required to be adopted by public business entities in annual periods beginning on or after December 15, 2014, and interim periods within those annual periods. The adoption of this guidance is not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Revenue Recognition

In May 2014, the FASB issued an amendment to the accounting guidance related to revenue recognition. The amendment was the result of a joint project between the FASB and the International Accounting Standards Board ("IASB") to clarify the principles for recognizing revenue and to develop common revenue standards for U.S. GAAP and International Financial Reporting Standards ("IFRS"). To meet those objectives, the FASB is amending the FASB ASC and creating a new Topic 606, Revenue from Contracts with Customers, and the IASB is issuing IFRS 15, Revenue from Contracts with Customers. The new guidance is effective prospectively for annual periods beginning after December 15, 2016, and interim periods within those years. Early application is not permitted. The Company is evaluating the impact of adopting this prospective guidance to its consolidated financial statements.

Discontinued_Operations_and_De

Discontinued Operations and Deconsolidation of Fenco	12 Months Ended
Discontinued Operations and Deconsolidation of Fenco	Mar. 31, 2014
Discontinued Operations and Deconsolidation of Fenco [Abstract]	'
Discontinued Operations and Deconsolidation of Fenco	'
	3. Discontinued Operations and Deconsolidation of Fenco

	In May 2011, the Company purchased (i) all of the outstanding equity of Fenwick Automotive Products Limited (“FAPL”), (ii) all of the outstanding equity of Introcan, Inc., a Delaware corporation (“Introcan”), and (iii) 1% of the outstanding equity of Fapco S.A. de C.V., a Mexican variable capital company (“Fapco”) (collectively, “Fenco” and also referred to herein as the “discontinued subsidiary”). Since FAPL owned 99% of Fapco prior to these acquisitions, the Company owned 100% of Fapco.

	Between May 2011 and its bankruptcy in June 2013, Fenco had been attempting to turn around its business. However, revenues generated by its undercar product line segment were not sufficient to enable Fenco to meet its operating expenses and otherwise implement its undercar product line turnaround plan. Fenco had recurring operating losses since the date of acquisition and had a working capital and equity deficiency.

	In May 2013, FAPL appointed a new board of independent directors, hired an independent chief restructuring officer and all its previously existing officers resigned from FAPL. As a result of loss of control of Fenco, the Company deconsolidated the assets and liabilities of Fenco from its consolidated financial statements effective May 31, 2013. On June 10, 2013, each of FAPL, Introcan and Introcan’s subsidiaries, Flo-Pro Inc., LH Distribution Inc., Rafko Logistics Inc., Rafko Holdings Inc. and Rafko Enterprises Inc. (collectively, the “Fenco Entities”), filed a voluntary petition for relief under Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the U.S. Bankruptcy Court for the District of Delaware. As a result of the loss of control of Fenco and the subsequent filing of the petition for relief under the Bankruptcy Code, Fenco had effectively been disposed of and the Company did not and does not retain any continuing involvement in the operations of Fenco. The Company may be subject to claims relating to the bankruptcy (see Note 19).

	The following table summarizes the effects on the consolidated balance sheet of the deconsolidation of Fenco effective May 31, 2013.

	Cash	$	(170,000	)
	Accounts receivable — net		(4,377,000	)
	Inventory— net		(25,731,000	)
	Inventory unreturned		(5,321,000	)
	Deferred income taxes		(225,000	)
	Prepaid expenses and other current assets		(2,436,000	)
	Plant and equipment — net		(4,018,000	)
	Long-term core inventory — net		(40,471,000	)
	Other assets		(22,000	)
	Reduction in total assets	$	(82,771,000	)

	Accounts payable	$	(75,454,000	)
	Accrued liabilities		(4,759,000	)
	Customer finished goods returns accrual		(10,744,000	)
	Other current liabilities		(1,761,000	)
	Revolving loan - in default		(48,520,000	)
	Term loan - in default		(10,000,000	)
	Customer core returns accrual		(49,531,000	)
	Other liabilities		(97,000	)
	Reduction in total liabilties	$	(200,866,000	)

	Gain from deconsolidation of Fenco	$	118,095,000

	Net sales from discontinued operations for the fiscal years ended March 31, 2013 and 2012 were $193,115,000 and $185,136,000, respectively. A loss of approximately $5,910,000 was incurred from discontinued operations from April 1, 2013 to May 31, 2013. In addition, during the fiscal year ended March 31, 2014, the Company recorded a loss of approximately $20,464,000 in connection with the guarantee of obligations to certain Fenco suppliers and recorded related income tax benefits of $9,156,000. In addition, an income tax benefit of $1,374,000 was included in the gain from deconsolidation of Fenco.

Intangible_Assets

Intangible Assets	12 Months Ended
Intangible Assets	Mar. 31, 2014
Intangible Assets [Abstract]	'
Intangible Assets	'
	4. Intangible Assets

	The following is a summary of the intangible assets subject to amortization at March 31:

				2014								2013
		Weighted		Gross Carrying				Accumulated				Gross Carrying			Accumulated
		Average		Value				Amortization				Value			Amortization
		Amortization
		Period
	Intangible assets subject to amortization
	Trademarks	9 years			$	553,000			$	391,000			$	553,000		$	337,000
	Customer relationships	12 years				6,464,000				3,393,000				6,464,000			2,743,000
	Non-compete agreements	4 years				257,000				246,000				257,000			211,000
	Total	11 years			$	7,274,000			$	4,030,000			$	7,274,000		$	3,291,000

	Amortization expense for acquired intangible assets is as follows:

			Years Ended March 31,
			2014				2013				2012

	Amortization expense		$	739,000			$	773,000			$	774,000

	The estimated future amortization expense for intangible assets subject to amortization is as follows:

	Year Ending March 31,
	2015		$	670,000
	2016			349,000
	2017			266,000
	2018			266,000
	2019			266,000
	Thereafter			1,427,000
	Total		$	3,244,000

ShortTerm_Investments

Short-Term Investments	12 Months Ended
Short-Term Investments	Mar. 31, 2014
Short-Term Investments [Abstract]	'
Short-Term Investments	'
	5. Short-Term Investments

	The short-term investments account contains the assets of the Company’s deferred compensation plan. The plan’s assets consist primarily of mutual funds and are classified as available for sale. The Company did not redeem any short-term investments for the payment of deferred compensation liabilities during the year ended March 31, 2014. As of March 31, 2014 and 2013, the fair market value of the short-term investments was $521,000 and $411,000, and the liability to plan participants was $521,000 and $411,000, respectively.

Accounts_Receivable_Net

Accounts Receivable - Net	12 Months Ended
Accounts Receivable - Net	Mar. 31, 2014
Accounts Receivable - Net [Abstract]	'
Accounts Receivable - Net	'
	6. Accounts Receivable — Net

	Included in accounts receivable — net are significant offset accounts related to customer allowances earned (see Note 14), customer payment discrepancies, returned goods authorizations (“RGA”) issued for in-transit unit returns, estimated future credits to be provided for Used Cores returned by the customers (see Note 2) and potential bad debts. Due to the forward looking nature and the different aging periods of certain estimated offset accounts, they may not, at any point in time, directly relate to the balances in the accounts receivable—trade account.

	Accounts receivable — net is comprised of the following at March 31:

		2014			2013
	Accounts receivable — trade	$	58,766,000		$	40,686,000
	Allowance for bad debts		(854,000	)		(1,019,000	)
	Customer allowances earned		(9,088,000	)		(11,160,000	)
	Customer payment discrepancies		(577,000	)		(514,000	)
	Customer returns RGA issued		(5,809,000	)		(4,966,000	)
	Customer core returns accruals		(20,155,000	)		(19,338,000	)
	Less: total accounts receivable offset accounts		(36,483,000	)		(36,997,000	)

	Total accounts receivable — net	$	22,283,000		$	3,689,000

	As of May 31, 2013, $4,377,000 of accounts receivable at the discontinued subsidiary was deconsolidated from the consolidated financial statements of the Company (see Note 3).

	Warranty Returns

	The Company allows its customers to return goods to the Company that their end-user customers have returned to them, whether the returned item is or is not defective (warranty returns). The Company accrues an estimate of its exposure to warranty returns based on a historical analysis of the level of this type of return as a percentage of total unit sales. Amounts charged to expense for these warranty returns are considered in arriving at the Company’s net sales. At March 31, 2014 and 2013, the warranty return accrual of $2,407,000 and $1,807,000, respectively, on the credits to be issued for the returns received was included under the customer returns RGA issued in the above table and the warranty return estimate of $5,632,000 and $4,398,000, respectively, was included in customer finished goods returns accrual (see Note 2) in the consolidated balance sheets.

	Change in the Company’s warranty return accrual is as follows at March 31:

		2014			2013
	Balance at beginning of period	$	6,205,000		$	4,426,000
	Charged to expense		56,284,000			48,948,000
	Amounts processed		(54,450,000	)		(47,169,000	)

	Balance at end of period	$	8,039,000		$	6,205,000

	As of May 31, 2013, $5,642,000 of warranty return accrual at the discontinued subsidiary was deconsolidated from the consolidated financial statements of the Company (see Note 3).

Inventory

Inventory	12 Months Ended
Inventory	Mar. 31, 2014
Inventory [Abstract]	'
Inventory	'
	7. Inventory

	Non-core inventory, inventory unreturned, long-term core inventory, and long-term core inventory deposits are as follows at March 31:

		2014			2013
	Non-core inventory
	Raw materials	$	18,787,000		$	14,152,000
	Work-in-process		124,000			137,000
	Finished goods		30,197,000			19,239,000
			49,108,000			33,528,000
	Less allowance for excess and obsolete inventory		(1,862,000	)		(1,690,000	)

	Total	$	47,246,000		$	31,838,000

	Inventory unreturned	$	7,534,000		$	6,981,000
	Long-term core inventory
	Used cores held at the Company's facilities	$	23,718,000		$	22,227,000
	Used cores expected to be returned by customers		6,160,000			5,147,000
	Remanufactured cores held in finished goods		18,093,000			15,019,000
	Remanufactured cores held at customers' locations		96,351,000			76,626,000
			144,322,000			119,019,000
	Less allowance for excess and obsolete inventory		(846,000	)		(808,000	)

	Total	$	143,476,000		$	118,211,000

	Long-term core inventory deposits	$	29,375,000		$	27,610,000

	As of May 31, 2013, $25,731,000 of non-core inventory, $5,321,000 of inventory unreturned, and $40,471,000 of long-term core inventory at the discontinued subsidiary was deconsolidated from the consolidated financial statements of the Company (see Note 3).

Plant_and_Equipment

Plant and Equipment	12 Months Ended
Plant and Equipment	Mar. 31, 2014
Plant and Equipment [Abstract]	'
Plant and Equipment	'
	8. Plant and Equipment

	Plant and equipment, at cost, are as follows at March 31:

		2014			2013
	Machinery and equipment	$	25,092,000		$	24,342,000
	Office equipment and fixtures		7,552,000			6,761,000
	Leasehold improvements		7,569,000			7,613,000
			40,213,000			38,716,000
	Less accumulated depreciation		(29,188,000	)		(28,680,000	)

	Total	$	11,025,000		$	10,036,000

	Plant and equipment located in the foreign countries where the Company has facilities, net of accumulated depreciation, totaled $4,703,000 and $5,197,000 at March 31, 2014 and 2013, respectively. These assets constitute substantially all the long-lived production assets of the Company located outside of the United States.

	As of May 31, 2013, $4,018,000 of plant and equipment at the discontinued subsidiary was deconsolidated from the consolidated financial statements of the Company (see Note 3).

Capital_Lease_Obligations

Capital Lease Obligations	12 Months Ended
Capital Lease Obligations	Mar. 31, 2014
Capital Lease Obligations [Abstract]	'
Capital Lease Obligations	'
	9. Capital Lease Obligations

	The Company leases various types of equipment under agreements accounted for as capital leases and included in plant and equipment as follows at March 31:

		2014			2013
	Cost	$	343,000		$	748,000
	Less: accumulated depreciation		(25,000	)		(461,000	)

	Total	$	318,000		$	287,000

	Future minimum lease payments for the capital leases are as follows:

	Year Ending March 31,
	2015	$	76,000
	2016		76,000
	2017		76,000
	2018		75,000
	2019		50,000
	Total minimum lease payments		353,000
	Less amount representing interest		(35,000	)
	Present value of future minimum lease payment		318,000
	Less current portion		(64,000	)

		$	254,000

	As of May 31, 2013, $169,000 in capital leases at the discontinued subsidiary were deconsolidated from the consolidated financial statements of the Company (see Note 3).

Debt

Debt	12 Months Ended
	Mar. 31, 2014
Debt [Abstract]	'
Debt	'
	10. Debt

	The Company has the following credit agreements.

	Financing Agreement

	The Company is party to a financing agreement, as amended, (the “Financing Agreement”) with a syndicate of lenders, Cerberus Business Finance, LLC (“Cerberus”), as collateral agent, and PNC Bank, National Association, as administrative agent. The loans made thereunder (the “Loans”) consist of: (i) term loans aggregating $85,000,000 (the “Term Loans”) and (ii) revolving loans of up to $20,000,000, subject to borrowing base restrictions and a $10,000,000 sublimit for letters of credit (the “Revolving Loans”). The Loans were initially scheduled to mature on January 17, 2017. In connection with the Financing Agreement, the lenders were granted a security interest in substantially all of the assets of the Company.

	The Term Loans required quarterly principal payments of $600,000 per quarter from April 1, 2013 to September 30, 2013 and $1,350,000 per quarter from October 1, 2013 until the final maturity date. The Term Loans bear interest at rates equal to, at the Company’s option, either LIBOR plus 8.5% or a base rate plus 7.5%.

	In June 2013, the Company entered into a sixth amendment to the Financing Agreement (the “Sixth Amendment”), under the terms of which the agents and lenders agreed to waive any event of default that would otherwise arise under the Financing Agreement due to the qualification in the opinion by the Company’s independent registered accounting firm with respect to the financial statements for the fiscal year ended March 31, 2013. In addition, the Sixth Amendment (i) added a reporting requirement with respect to the Company’s liquidity levels and certain inventory purchases and (ii) added a financial covenant under which the Company must maintain the following levels of liquidity on the following dates unless otherwise consented to by the lenders: on June 28, 2013, an aggregate amount of at least $25,000,000, subject to certain adjustments; on July 31, 2013, an aggregate amount of at least $26,000,000, subject to certain adjustments; and on August 30, 2013, an aggregate amount of at least $27,000,000, subject to certain adjustments. The Company was in compliance with these minimum liquidity requirements at each date.

	In August 2013, the Company entered into a seventh amendment to the Financing Agreement (the “Seventh Amendment”). Pursuant to the terms of the Seventh Amendment, (i) the Company borrowed an additional $20,000,000 in Term Loans, (ii) modified certain financial covenants, and (iii) provided consent from the lenders to the Company’s payment of certain subordinated debt with respect to the guaranty as described below under WX Agreement (as defined herein). Among other things, the Seventh Amendment required quarterly principal payments of $2,100,000, with respect to the Term Loans, beginning on October 1, 2013 until the final maturity date.

	In October 2013, the Company entered into an eighth amendment to the Financing Agreement (the “Eighth Amendment”), which among other things, permitted the Company to purchase Mr. Joffe’s stock option pursuant to the Option Purchase Agreement (as defined in Note 20).

	In November 2013, the Company entered into a ninth amendment and waiver to the Financing Agreement (the “Ninth Amendment”). Pursuant to the terms of the Ninth Amendment, (i) the agents and lenders waived a requirement for the Company to pay down the Loans with its receipt of certain state tax refunds, (ii) the Revolving Loans were increased by $10,000,000 to $30,000,000 (the “Amended Revolving Loans”), subject to certain borrowing base restrictions, (iii) the Term Loans were decreased by $10,000,000 to $95,000,000 (the “Amended Term Loans”), (iv) the final maturity date was extended to November 6, 2018, (v) the Company gained the right, subject to meeting certain conditions, to repurchase up to $10,000,000 of its equity interests, and (vi) certain other amendments and modifications were made to the Financing Agreement in the form of an amended and restated financing agreement (the “Amended Financing Agreement”).

	Among other things, the Amended Term Loans require quarterly principal payments of $2,100,000 and bear interest at rates equal to, at the Company’s option, either LIBOR (subject to a 1.50% LIBOR floor) plus 5.25% or a reference rate plus 4.25%. The Amended Revolving Loans bear interest at rates equal to, at the Company’s option, either LIBOR plus 2.50% or a reference rate plus 1.00%. The interest rate on the Company’s term loans using the LIBOR option was 6.75% and 10.50% at March 31, 2014 and 2013, respectively. The interest rate on the Company’s Amended Revolving Loans using the LIBOR option was 2.66% at March 31, 2014.

	The following summarizes information about the Company’s term loan at March 31:

		2014			2013
	Principal amount of term loan	$	92,900,000		$	84,500,000
	Unamortized financing fees		(5,623,000	)		(2,595,000	)

	Net carrying amount of term loan	$	87,277,000		$	81,905,000
	Less current portion of term loan		(7,843,000	)		(3,775,000	)

	Long-term portion of term loan	$	79,434,000		$	78,130,000

	Future repayments of the Company’s Amended Term Loan, by fiscal year, are as follows:

	Year Ending March 31,
	2015	$	8,400,000
	2016		8,400,000
	2017		8,400,000
	2018		8,400,000
	2019		59,300,000

	Total payments	$	92,900,000

	The Amended Revolving Loans may, at the Company’s option, be prepaid in whole or in part. The Company may reduce or terminate the commitments of the lenders to make the Amended Revolving Loans or prepay the Amended Term Loans in whole or in part, but such prepayments are subject to a prepayment penalty of (i) 3.00% times the sum of the reduction of the revolving credit commitment plus the principal amount of any prepayment of the Amended Term Loans until January 18, 2014 and (ii) 2.00% times the sum of the reduction of the revolving credit commitment plus the principal amount of any prepayment of the Amended Term Loans from January 19, 2014 to January 18, 2015. Notwithstanding the foregoing, the Company had the right to prepay up to $10,000,000 of the Amended Term Loans without any prepayment penalty if such payment was made within 120 days of the Ninth Amendment effective date. The Company did not exercise the prepayment option.

	The Amended Financing Agreement, among other things, requires the Company to maintain certain financial covenants including a maximum senior leverage ratio, a minimum fixed charge coverage ratio, and minimum consolidated earnings before interest, income tax, depreciation and amortization expenses (“EBITDA”). The Company was in compliance with all financial covenants as of March 31, 2014.

	At March 31, 2014, the Company had borrowed $10,000,000 under the Amended Revolving Loans. There was no balance on the Revolving Loans at March 31, 2013. The Company had reserved $476,000 of the Amended Revolving Loans for standby letters of credit for workers’ compensation insurance and $1,614,000 for commercial letters of credit as of March 31, 2014. As of March 31, 2014, $17,720,000, subject to certain adjustments, was available under the Amended Revolving Loans at March 31, 2014.

	Cerberus Warrant

	In connection with the Financing Agreement, the Company issued a warrant (the “Cerberus Warrant”) to Cerberus. Pursuant to the Cerberus Warrant, Cerberus could purchase up to 219,355 shares of the Company’s common stock (the “Warrant Shares”) for an adjusted exercise price of $7.75 per share exercisable on or before May 24, 2017. The exercise price was subject to adjustments, among other things, for sales of common stock by the Company at a price below the exercise price.

	In November 2013, the Company entered into a warrant purchase agreement (the “Cerberus Warrant Purchase Agreement”) with Cerberus to purchase the Cerberus Warrant. Pursuant to the Cerberus Warrant Purchase Agreement, the Company paid $2,194,000, which is an amount equal to the closing price of the Company’s common stock on November 22, 2013 of $17.75 less the adjusted per share exercise price of $7.75, ($10.00 per Warrant Share) multiplied by the number of Warrant Shares. The fair value of the Cerberus Warrant as of the settlement date was $2,410,000 using the Monte Carlo simulation model. The following assumptions were used to calculate the fair value of the Cerberus Warrant: dividend yield of 0%; expected volatility of 45.69%; risk-free interest rate of 0.77%; subsequent financing probability of 0%; and an expected life of 3.5 years. As a result of this settlement, the Company recorded a gain of $216,000 which is included in general and administrative expenses during the fiscal year ended March 31, 2014. The fair value of the Cerberus Warrant using the Monte Carlo simulation model was $375,000 at March 31, 2013. This amount was recorded as a warrant liability which is included in other liabilities in the consolidated balance sheet at March 31, 2013.

	During the fiscal years ended March 31, 2014 and 2013, a loss of $2,035,000 and a gain of $232,000, respectively, were recorded in general and administrative expenses due to the change in the fair value of this warrant liability.

	Fenco Loans

	As of May 31, 2013, $48,520,000 of revolving loan - in default and $10,000,000 of term loan - in default at the discontinued subsidiary were deconsolidated from the consolidated financial statements of the Company (see Note 3).

	WX Agreement

	In August 2012, the Company entered into a Revolving Credit/Strategic Cooperation Agreement (the “WX Agreement”) with Wanxiang America Corporation (the “Supplier”) and the discontinued subsidiary. Under the terms of the WX Agreement, the Supplier agreed to provide a revolving credit line for purchases of automotive parts and components by the discontinued subsidiary in an aggregate principal amount not to exceed $22,000,000 (the “Fenco Credit Line”), of which $2,000,000 would only be available for accrued interest and other amounts payable (the “Obligations”). Payment for all purchases became due and payable 120 days after the date of the bill of lading. Any amounts remaining unpaid following the due date would bear interest at a rate of 1% per month. The Fenco Credit Line was scheduled to mature on July 31, 2017. Pursuant to a guaranty (the “Guaranty”), the Obligations under the WX Agreement were guaranteed by the Company and certain of its subsidiaries.

On July 9, 2013, the Company received notice from the Supplier that the filing of the voluntary petition for relief under Chapter 7 of Title 11 of the United States Code in the U.S. Bankruptcy Court for the District of Delaware by the Fenco Entities constituted an “Event of Default” under the WX Agreement. As a result of the Event of Default, all amounts outstanding under the WX Agreement together with all accrued interest and all other amounts payable automatically became immediately due and payable subject to the terms of the Guaranty and a subordination agreement with the lender under the Financing Agreement. In addition, subject to certain adjustments, the interest rate applicable to all amounts remaining unpaid will increase, to the extent permitted by law, to 1.25% per month, compounding monthly, on December 10, 2013, and to 1.50% per month, compounding monthly, on June 10, 2014.

On August 26, 2013, in connection with the Seventh Amendment, the Company paid $20,843,000 to the Supplier for payments of all outstanding liabilities, including interest payments, of the Company under the Guaranty.

In connection with the WX Agreement and the Guaranty, the Company also issued a warrant (the “Supplier Warrant”) to the Supplier to purchase up to 516,129 shares of the Company’s common stock for an initial exercise price of $7.75 per share exercisable at any time after August 22, 2014 and on or prior to September 30, 2017. The exercise price is subject to adjustments, among other things, for sales of common stock by the Company at a price below the exercise price.

The fair value of the Supplier Warrant using the Monte Carlo simulation model was $10,047,000 and $1,639,000 at March 31, 2014 and 2013, respectively. This amount is recorded as a warrant liability which is included in other liabilities in the consolidated balance sheets at March 31, 2014 and 2013. During the fiscal years ended March 31, 2014 and 2013, a loss of $8,408,000 and $621,000, respectively, was recorded in general and administrative expenses due to the change in the fair value of this warrant liability.

Accounts_Receivable_Discount_P

Accounts Receivable Discount Programs	12 Months Ended
Accounts Receivable Discount Programs	Mar. 31, 2014
Accounts Receivable Discount Programs [Abstract]	'
Accounts Receivable Discount Programs	'
	11. Accounts Receivable Discount Programs

	The Company uses receivable discount programs with certain customers and their respective banks. Under these programs, the Company may sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. These discount arrangements allow the Company to accelerate collection of customers’ receivables.

	The following is a summary of the Company’s accounts receivable discount programs for continuing operations:

		Years Ended March 31,
		2014			2013

	Receivables discounted	$	210,752,000		$	188,536,000
	Weighted average days		337			336
	Weighted average discount rate		2.2	%		2.7	%
	Amount of discount as interest expense	$	4,336,000		$	4,654,000

Financial_Risk_Management_and_

Financial Risk Management and Derivatives

12 Months Ended

Mar. 31, 2014

Financial Risk Management and Derivatives [Abstract]

Financial Risk Management and Derivatives

12. Financial Risk Management and Derivatives

Purchases and expenses denominated in currencies other than the U.S. dollar, which are primarily related to the Company’s facilities overseas, expose the Company to market risk from material movements in foreign exchange rates between the U.S. dollar and the foreign currency. The Company’s primary risk exposure is from fluctuations in the value of the Mexican peso and to a lesser extent the Chinese yuan. To mitigate these risks, the Company enters into forward foreign currency exchange contracts to exchange U.S. dollars for these foreign currencies. The extent to which forward foreign currency exchange contracts are used is modified periodically in response to the Company’s estimate of market conditions and the terms and length of anticipated requirements.

The Company enters into forward foreign currency exchange contracts in order to reduce the impact of foreign currency fluctuations and not to engage in currency speculation. The use of derivative financial instruments allows the Company to reduce its exposure to the risk that the eventual cash outflow resulting from funding the expenses of the foreign operations will be materially affected by changes in exchange rates. The Company does not hold or issue financial instruments for trading purposes. The forward foreign currency exchange contracts are designated for forecasted expenditure requirements to fund foreign operations.

The Company had forward foreign currency exchange contracts with a U.S. dollar equivalent notional value of $17,796,000 and $17,543,000 at March 31, 2014 and 2013, respectively. These contracts generally expire in a year or less, at rates agreed at the inception of the contracts. The counterparty to this derivative transaction is a major financial institution with investment grade or better credit rating; however, the Company is exposed to credit risk with this institution. The credit risk is limited to the potential unrealized gains (which offset currency fluctuations adverse to the Company) in any such contract should this counterparty fail to perform as contracted. Any changes in the fair values of forward foreign currency exchange contracts are reflected in current period earnings and accounted for as an increase or offset to general and administrative expenses.

The following table shows the effect of the Company’s derivative instruments on its consolidated statements of operations:

Gain (Loss) Recognized within General and Administrative Expenses

Derivatives Not Designated as

Years Ended March 31,

Hedging Instruments

2014

2013

2012

Forward foreign currency exchange contracts

(842,000

)

804,000

(476,000

)

The fair value of the forward foreign currency exchange contracts of $159,000 is included in other current liabilities in the consolidated balance sheet at March 31, 2014. The fair value of the forward foreign currency exchange contracts of $683,000 is included in prepaid expenses and other current assets in the consolidated balance sheet at March 31, 2013.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Mar. 31, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	13. Fair Value Measurements

	The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company uses a three-tier valuation hierarchy based upon observable and unobservable inputs:

		•	Level 1 — Valuation is based upon quoted prices (unadjusted) in active markets for identical assets or liabilities.

		•	Level 2 — Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

		•	Level 3 — Valuation is based upon unobservable inputs that are significant to the fair value measurement.

	The fair value hierarchy requires the use of observable market data when available. In instances in which the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

	The following table sets forth by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at March 31, 2014 and 2013, according to the valuation techniques the Company used to determine their fair values.

			31-Mar-14												31-Mar-13
						Fair Value Measurements												Fair Value Measurements
						Using Inputs Considered as												Using Inputs Considered as
			Fair Value			Level 1			Level 2			Level 3			Fair Value			Level 1			Level 2			Level 3
	Assets
	Short-term investments
	Mutual funds		$	521,000			$	521,000			-			-		$	411,000		$	411,000			-			-
	Prepaid expenses and other current assets
	Forward foreign currency exchange contracts			-				-			-			-			683,000			-		$	683,000			-

	Liabilities
	Other current liabilities
	Deferred compensation			521,000				521,000			-			-			411,000			411,000			-			-
	Forward foreign currency exchange contracts			159,000				-		$	159,000			-			-			-			-			-
	Other liabilities
	Warrant liability			10,047,000				-			-		$	10,047,000			2,014,000			-			-		$	2,014,000

	The Company’s short-term investments, which fund its deferred compensation liabilities, consist of investments in mutual funds. These investments are classified as Level 1 as the shares of these mutual funds trade with sufficient frequency and volume to enable the Company to obtain pricing information on an ongoing basis.

	The forward foreign currency exchange contracts are primarily measured based on the foreign currency spot and forward rates quoted by the banks or foreign currency dealers and classified as Level 2. During the fiscal years ended March 31, 2014 and 2013, a loss of $842,000 and a gain of $804,000, respectively, were recorded in general and administrative expenses due to the change in the value of the forward foreign currency exchange contracts subsequent to entering into the contracts.

	The Company estimates the fair value of the warrant liability using level 3 inputs and the Monte Carlo simulation model at each balance sheet date. Monte Carlo simulation model requires the input of subjective assumptions including the expected volatility of the underlying stock. These subjective assumptions are based on both historical and other information. Changes in the values assumed and used in the model can materially affect the estimate of fair value. This amount is recorded as a warrant liability which is included in other liabilities in the consolidated balance sheets at March 31, 2014 and 2013. Any subsequent changes in the fair value of the warrant liability will be recorded in current period earnings as a general and administrative expense. During the years ended March 31, 2014 and 2013, a loss of $10,443,000 and $389,000 was recorded in general and administrative expenses due to the change in the fair value of the warrant liability.

	The assumptions used to determine the fair value of the Supplier Warrant recorded as warrant liability were:

			31-Mar-14

	Risk free interest rate			1.11	%
	Expected life in years			3.5
	Expected volatility			45.9	%
	Dividend yield			-
	Probability of future financing			0	%

	The risk free interest rate used was based on U.S. treasury-note yields with terms commensurate with the remaining term of the warrants. The expected life is based on the remaining contractual term of the warrants and the expected volatility is based on the Company’s daily historical volatility over a period commensurate with the remaining term of the warrants.

	A summary of the change to the Company’s warrant liability, as measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is presented below:

			Years Ended March 31,
			2014				2013

	Beginning balance		$	2,014,000			$	-
	Newly issued			-				1,625,000
	Total (gain) loss included in net loss			10,443,000				389,000
	Exercises/settlements (1)			(2,410,000	)			-
	Net transfers in (out) of Level 3			-				-
	Ending balance		$	10,047,000			$	2,014,000

	-1	Represents the fair value of the Cerberus Warrant as of the settlement date (see Note 10).

During the fiscal year ended March 31, 2014 the Company had no significant measurements of assets or liabilities at fair value on a nonrecurring basis subsequent to their initial recognition.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Mar. 31, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	14. Commitments and Contingencies

	Operating Lease Commitments

	The Company leases various office and warehouse facilities in North America and Asia under operating leases expiring through 2022. The Company also has short term contracts of one year or less covering its third party warehouses that provide for contingent payments based on the level of sales that are processed through the third party warehouse.

	The remaining future minimum rental payments under the above operating leases are as follows:

	Year Ending March 31,
	2015	$	2,953,000
	2016		1,288,000
	2017		1,081,000
	2018		1,066,000
	2019		1,031,000
	Thereafter		3,209,000

	Total minimum lease payments	$	10,628,000

	During fiscal years 2014, 2013 and 2012, the Company’s continuing operations incurred total operating lease expenses of $2,928,000, $2,567,000 and $2,825,000, respectively.

	Commitments to Provide Marketing Allowances under Long-Term Customer Contracts

	The Company has or is renegotiating long-term agreements with many of its major customers. Under these agreements, which typically have initial terms of at least four years, the Company is designated as the exclusive or primary supplier for specified categories of remanufactured alternators and starters. In consideration for the Company’s designation as a customer’s exclusive or primary supplier, the Company typically provides the customer with a package of marketing incentives. These incentives differ from contract to contract and can include (i) the issuance of a specified amount of credits against receivables in accordance with a schedule set forth in the relevant contract, (ii) support for a particular customer’s research or marketing efforts provided on a scheduled basis, (iii) discounts granted in connection with each individual shipment of product, and (iv) other marketing, research, store expansion or product development support. These contracts typically require that the Company meet ongoing standards related to fulfillment, price, and quality. The Company’s contracts with major customers expire at various dates through March 2019.

	The Company typically grants its customers marketing allowances in connection with these customers’ purchase of goods. The Company records the cost of all marketing allowances provided to its customers. Such allowances include sales incentives and concessions and typically consist of: (i) allowances which may only be applied against future purchases and are recorded as a reduction to revenues in accordance with a schedule set forth in the long-term contract, (ii) allowances related to a single exchange of product that are recorded as a reduction of revenues at the time the related revenues are recorded or when such incentives are offered, and (iii) allowances that are made in connection with the purchase of inventory from a customer.

	The following table presents the breakout of allowances for our continuing operations discussed above, recorded as a reduction to revenues:

		Years Ended March 31,
		2014		2013		2012

	Allowances incurred under long-term customer contracts	$	16,099,000	$	13,590,000	$	11,549,000
	Allowances related to a single exchange of product		30,948,000		27,392,000		19,544,000
	Allowances related to core inventory purchase obligations		2,506,000		2,615,000		3,030,000

	Total customer allowances recorded as a reduction of revenues	$	49,553,000	$	43,597,000	$	34,123,000

	The following table presents the commitments to incur allowances, excluding allowances related to a single exchange of product, which will be recognized as a charge against revenue, and customer Remanufactured Core purchase obligations which will be recognized in accordance with the terms of the relevant long-term customer contracts:

	Year Ending March 31,
	2015	$	15,460,000
	2016		11,420,000
	2017		5,983,000
	2018		5,390,000
	2019		4,192,000
	Thereafter		4,551,000

	Total marketing allowances	$	46,996,000

	Workers Compensation Insurance

	Effective January 1, 2007 through the current fiscal year, the Company’s workers compensation insurance policy has been written on a guaranteed cost basis (first dollar payment of claims with no deductibles). For each of the five years prior to January 1, 2007, the Company purchased workers compensation insurance on a large deductible plan. The Company was, and still is, liable for the first $250,000 of each claim until all claims are settled (essentially self-insured). The Company records an estimate of its liability for the self-insured portion of its workers’ compensation policy by including an estimate of the total claims incurred and reported as well as an estimate of incurred, but not reported, claims by applying the Company’s historical claims development factor to its estimate of incurred and reported claims.

Major_Customers_and_Suppliers

Major Customers and Suppliers	12 Months Ended
Major Customers and Suppliers	Mar. 31, 2014
Major Customers and Suppliers [Abstract]	'
Major Customers and Suppliers	'
	15. Major Customers and Suppliers

	The Company’s largest customers accounted for the following total percentage of net sales from continuing operations:

		Years Ended March 31,
	Sales	2014			2013			2012
	Customer A		53	%		41	%		49	%
	Customer B		19	%		24	%		17	%
	Customer C		11	%		12	%		6	%
	Customer D		4	%		5	%		6	%

	The Company’s largest customers accounted for the following total percentage of accounts receivable — trade from continuing operations at March 31:

	Accounts receivable - trade	2014			2013
	Customer A		46	%		27	%
	Customer B		12	%		11	%
	Customer C		7	%		7	%
	Customer D		10	%		12	%

	The Company’s largest supplier accounted for 13%, 0%, and 16% of inventory purchases for the years ended March 31, 2014, 2013, and 2012, respectively. No other suppliers accounted for more than 10% of inventory purchases for the years ended March 31, 2014, 2013, and 2012.

Income_Taxes

Income Taxes	12 Months Ended
Income Taxes	Mar. 31, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	16. Income Taxes

	The income tax expense from the Company’s continuing operations for the years ended March 31 is as follows:

			Years Ended March 31,
			2014				2013				2012
	Current tax expense
	Federal		$	4,564,000			$	31,226,000			$	5,081,000
	State			614,000				3,368,000				319,000
	Foreign			599,000				336,000				228,000
	Total current tax expense			5,777,000				34,930,000				5,628,000

	Deferred tax expense (benefit)
	Federal			2,477,000				(25,074,000	)			1,224,000
	State			(162,000	)			(2,706,000	)			542,000
	Foreign			(759,000	)			282,000				(9,000	)
	Total deferred tax (benefit) expense			1,556,000				(27,498,000	)			1,757,000
	Total income tax expense		$	7,333,000			$	7,432,000			$	7,385,000

	Deferred income taxes from the Company’s continuing operations consist of the following at March 31:

			2014				2013
	Assets
	Accounts receivable valuation		$	3,926,000			$	4,713,000
	Allowance for customer incentives			1,343,000				1,222,000
	Inventory obsolescence reserve			1,070,000				966,000
	Stock options			1,426,000				1,488,000
	Cancellation of indedtedness			-				20,510,000
	Intangibles, net			796,000				704,000
	Deferred core revenue			2,885,000				2,259,000
	Claims payable			88,000				175,000
	Accrued compensation			1,787,000				1,786,000
	Net operating losses			9,117,000				190,000
	Other			2,217,000				2,320,000

	Total deferred tax assets		$	24,655,000			$	36,333,000
	Liabilities
	Prepaid expenses		$	(331,000	)		$	(642,000	)
	Property and equipment, net			(298,000	)			(391,000	)
	Estimate for returns			(916,000	)			(219,000	)
	Other			(1,866,000	)			(2,281,000	)
	Total deferred tax liabilities		$	(3,411,000	)		$	(3,533,000	)
	Net deferred tax assets		$	21,244,000			$	32,800,000
	Net current deferred income tax asset		$	18,630,000			$	30,851,000
	Net long-term deferred income tax assets			2,614,000				1,949,000
	Total		$	21,244,000			$	32,800,000

	At March 31, 2014 current deferred income tax liabilities of $137,000 are included in other current liabilities in the consolidated balance sheet. At March 31, 2013, current deferred income tax liabilities of $145,000 are included in other current liabilities and $428,000 of long-term deferred income tax liabilities are included in other liabilities in the consolidated balance sheet.

	At March 31, 2014, the Company had federal and state net operating loss carryforwards of $26,100,000 and $22,300,000, respectively. The utilization of these net operating loss carryforwards may be permanently limited due to Internal Revenue Code Section 382 in the Unites States. Prior to the utilization of such losses, the Company will perform further analysis to determine the amount subject to limitation. Additionally, in certain states the suspension of the usage of the net operating losses may apply. The net operating loss carryforwards expire between fiscal years 2020 and 2032.

	The U.S. operating loss carryforwards include $5,800,000 of losses attributable to windfall stock option deductions. A net benefit of approximately $2,200,000 will be recorded to additional paid-in capital when realized as a reduction to income taxes payable.

	Realization of the Company's deferred tax assets is dependent upon the Company’s ability to generate sufficient taxable income. Management reviews the Company's deferred tax assets on a jurisdiction by jurisdiction basis to determine whether it is more likely than not that the deferred tax assets will be realized. Management believes that it is more likely than not that future taxable income will be sufficient to realize the recorded deferred tax assets. In evaluating this ability, management considers long-term agreements, including Remanufactured Core purchase obligations, with the Company’s major customers that expire at various dates through March 2019. Management also periodically compares its forecasts to actual results. Even though there can be no assurance that the forecasted results will be achieved, the history of income in all other jurisdictions provides sufficient positive evidence that no valuation allowance is needed.

	For the fiscal years ended March 31, 2014, 2013, and 2012, the primary components of the Company’s income tax expense were (i) the current liability due to federal, state and foreign income taxes, (ii) foreign income taxed at rates that are different from the federal statutory rate, (iii) non-deductible expenses in connection with the fair value adjustments on the warrants, and (iv) impact of the non-deductible executive compensation under Internal Revenue Code Section 162(m). A tax benefit of $10,530,000 is contained within the income from the discontinued operations as disclosed in Note 3 above.

	The difference between the income tax expense at the federal statutory rate and the Company’s effective tax rate from the Company’s continuing operations is as follows:

			Years Ended March 31,
			2014				2013				2012

	Statutory federal income tax rate			34	%			34	%			34	%
State income tax rate, net of federal benefit			2	%			2	%			3	%
Change in deferred tax rate			(2	)%			-	%			(1	)%
Foreign income taxed at different rates			(7	)%			-	%			(3	)%
Warrants			26	%			-	%			-	%
Non-deductible executive compensation			2	%			-	%			-	%
Uncertain Tax Positions			(2	)%			-	%			-	%
Other income tax			-	%			(2	)%			1	%

			53	%			34	%			34	%

The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions with varying statutes of limitations. At March 31, 2014, the Company is under examination in the U.S. by the Internal Revenue Service for fiscal years 2011 through 2013 and by the State of California for fiscal years 2008 through 2010. The Company is not under examination in any another jurisdiction. The Company believes no significant changes in the unrecognized tax benefits will occur within the next 12 months.

A reconciliation of the beginning and ending amount of unrecognized tax benefits from the Company’s continuing operations is as follows at March 31:

		2014				2013				2012
Balance at beginning of period		$	827,000			$	634,000			$	576,000
Additions based on tax positions related to the current year			71,000				227,000				116,000
Additions for tax positions of prior year			-				-				18,000
Reductions for tax positions of prior year			(358,000	)			(34,000	)			(76,000	)
Settlements			-				-				-

Balance at end of period		$	540,000			$	827,000			$	634,000

At March 31, 2014, 2013 and 2012, there are $387,000, $597,000 and $480,000 of unrecognized tax benefits that if recognized would affect the annual effective tax rate.

The Company recognizes interest and penalties accrued related to unrecognized tax benefits as part of income tax expense. During the fiscal years ended March 31, 2014, 2013 and 2012, the Company recognized approximately ($9,000), $32,000, and $6,000 in interest and penalties. The Company had approximately $112,000 and $121,000 for the payment of interest and penalties accrued at March 31, 2014 and 2013, respectively.

Defined_Contribution_Plans

Defined Contribution Plans	12 Months Ended
Defined Contribution Plans	Mar. 31, 2014
Defined Contribution Plans [Abstract]	'
Defined Contribution Plans	'
	17. Defined Contribution Plans

	The Company has a 401(k) plan covering all employees who are 21 years of age with at least six months of service. The plan permits eligible employees to make contributions up to certain limitations, with the Company matching 25% of each participating employee’s contribution up to the first 6% of employee compensation. Employees are immediately vested in their voluntary employee contributions and vest in the Company’s matching contributions ratably over five years. The Company’s matching contribution to the 401(k) plan was $126,000, $117,000 and $102,000 for the fiscal years ended March 31, 2014, 2013 and 2012, respectively.

Stock_Options_and_Restricted_S

Stock Options and Restricted Stock Awards	12 Months Ended
Stock Options and Restricted Stock Awards	Mar. 31, 2014
Stock Options and Restricted Stock Awards [Abstract]	'
Stock Options and Restricted Stock Awards	'
	18. Stock Options and Restricted Stock Awards

	In January 1994, the Company adopted the 1994 Stock Option Plan (the “1994 Plan”), under which it was authorized to issue non-qualified stock options and incentive stock options to key employees, directors and consultants. After a number of shareholder-approved increases to this plan, at March 31, 2002 the aggregate number of stock options approved was 960,000 shares of the Company’s common stock. The term and vesting period of options granted is determined by a committee of the Board of Directors with a term not to exceed ten years. At the Company’s Annual Meeting of Shareholders held on November 8, 2002, the 1994 Plan was amended to increase the authorized number of shares issued to 1,155,000. As of March 31, 2014 no options to purchase shares of common stock were outstanding or available for grant under the 1994 Plan. As of March 31, 2013, options to purchase 95,750 shares of common stock were outstanding and no options were available for grant under the 1994 Plan.

	At the Company’s Annual Meeting of Shareholders held on December 17, 2003, the shareholders approved the Company’s 2003 Long-Term Incentive Plan (“Incentive Plan”) which had been adopted by the Company’s Board of Directors on October 31, 2003. Under the Incentive Plan, a total of 1,200,000 shares of the Company’s common stock were reserved for grants of Incentive Awards and all of the Company’s employees are eligible to participate. The 2003 Incentive Plan was terminated on October 31, 2013. As of March 31, 2014 and 2013, options to purchase 467,500 and 1,035,534 shares of common stock, respectively, were outstanding under the Incentive Plan. In January 2011, this Incentive Plan was replaced and no options were available for grant under the Incentive Plan.

	In November 2004, the Company’s shareholders approved the 2004 Non-Employee Director Stock Option Plan (the “2004 Plan”) which provides for the granting of options to non-employee directors. At the Company’s Annual Meeting of Shareholders held on February 25, 2010, the Company’s shareholders approved an amendment to the 2004 Plan that increased the number of shares of common stock reserved for grant under the 2004 Plan from 175,000 to 275,000. As of March 31, 2014 and 2013, options to purchase 183,000 and 218,000, respectively, shares of common stock for grant under the 2004 Plan. In March 2014, the 2004 Plan was replaced and the Company will not make any further grants of awards under this plan.

	In January 2011, the Company’s shareholders approved the 2010 Incentive Award Plan (the “2010 Plan”) which replaced the 2003 Long-term Incentive Plan. At the Company’s Annual Meeting of Shareholders held on March 28, 2013, the Company’s shareholders approved an amendment to the 2010 Plan that increased the number of shares of common stock reserved for grant under the 2010 Plan from 750,000 to 1,750,000. At the Company’s Annual Meeting of Shareholders held on March 31, 2014, the Company’s shareholders approved a second amendment to the 2010 Plan that further increased the number of shares of common stock reserved for grant under the 2010 Plan from 1,750,000 to 2,750,000. Under the 2010 Plan, all of the Company’s employees are eligible to participate. As of March 31, 2014 and 2013, options to purchase 776,468 and 620,800 shares of common stock, respectively, were outstanding and 1,452,983 and 1,078,033, respectively, shares of common stock were available for grant under the 2010 Plan.

	At the Company’s Annual Meeting of Shareholders held on March 31, 2014, the shareholders approved the Company’s 2014 Non-Employee Director Incentive Award Plan (the “2014 Plan”) which had been adopted by the Company’s Board of Directors on February 23, 2014 and replaced the 2004 Plan. Under the 2014 Plan, a total of 342,000 shares of the Company’s common stock were reserved for grants to the Company’s non-employee directors. As of March 31, 2014, no options to purchase shares under the 2014 Plan were issued.

	The shares of common stock issued upon exercise of a previously granted stock option are considered new issuances from shares reserved for issuance upon adoption of the various plans. The Company requires that the option holders provide a written notice of exercise to the stock plan administrator and payment for the shares prior to issuance of the shares.

	A summary of stock option transactions follows:

			Number of				Weighted Average
			Shares				Exercise Price
	Outstanding at March 31, 2011			1,591,084			$	8.61
	Granted			15,000			$	10.04
	Exercised			(95,550	)		$	3.36
	Cancelled			(48,250	)		$	3.15
	Outstanding at March 31, 2012			1,462,284			$	9.15
	Granted			635,800			$	6.47
	Exercised			(128,000	)		$	2.28
	Cancelled			-			$	-
	Outstanding at March 31, 2013			1,970,084			$	8.73
	Granted			331,000			$	11.06
	Exercised			(721,666	)		$	9.12
	Cancelled			(152,450	)		$	7.44
	Outstanding at March 31, 2014			1,426,968			$	9.21

	Based on the market value of the Company’s common stock at March 31, 2014, 2013 and 2012, the pre-tax intrinsic value of options exercised was $12,593,000, $493,000 and $598,000 respectively.

	The followings table summarizes information about the options outstanding at March 31, 2014:

					Options Outstanding										Options Exercisable
	Range of				Shares				Weighted		Weighted		Aggregate		Shares		Weighted		Aggregate
	Exercise price								Average		Average		Intrinsic				Average		Intrinsic
									Exercise		Remaining		Value				Exercise		Value
									Price		Life						Price
											In Years
	$	1.800 to $6.345				81,000			$	5.22		5.02	$	1,729,000		78,000	$	5.2	$	1,667,000
	$	6.460 to $7.450				509,468				6.52		8.48		10,215,000		344,766		6.54		6,906,000
	$	8.700 to $9.900				279,250				9.33		9.1		4,814,000		12,250		9.48		209,000
	$	10.010 to $11.900				214,250				10.24		1.84		3,499,000		214,250		10.24		3,499,000
	$	12.000 to $19.94				343,000			$	13.41		3.87		4,514,000		287,000	$	12.23		4,116,000

						1,426,968							$	24,771,000		936,266			$	16,397,000

	The aggregate intrinsic values in the above table represent the pre-tax value of all in-the-money options if all such options had been exercised on March 31, 2014 based on the Company’s closing stock price of $26.57 as of that date.

	Options to purchase 936,266, 1,549,683 and 1,447,284 shares of common stock were exercisable as of March 31, 2014, 2013 and 2012, respectively. The weighted average exercise price of options exercisable was $9.06, $9.33 and $9.14 as of March 31, 2014, 2013 and 2012, respectively.

	A summary of changes in the status of non-vested stock options is presented below.

			Number of				Weighted Average
			Shares				Grant Date Fair
							Value
	Non-vested at March 31, 2013			420,401			$	2.93
	Granted			331,000			$	5.16
	Vested			(147,999	)		$	3.1
	Cancelled			(112,700	)		$	2.92
Non-vested at March 31, 2014			490,702			$	4.39

At March 31, 2014, there was $1,916,000 of total unrecognized compensation expense from stock-based compensation granted under the plans, which is related to non-vested shares. The compensation expense is expected to be recognized over a weighted average vesting period of 1.9 years.

Restricted Stock

On September 3, 2013, the Company awarded 138,000 shares of restricted stock to certain executives at the closing market price of $9.32 per share. These awards vest in three equal installments beginning each anniversary from the award date, subject to continued employment. The fair value related to the restricted stock awards of $1,286,000 will be recognized as compensation expense over the vesting period. At March 31, 2014, there was $1,072,000 of total unrecognized compensation expense from these restricted stock awards, which will be recognized over the remaining vesting period.

Litigation

Litigation	12 Months Ended
Litigation	Mar. 31, 2014
Litigation [Abstract]	'
Litigation	'
	19. Litigation

	There have been and may be additional claims filed against the Company by the trustee and some or all of the creditors in connection with the bankruptcy proceedings involving the Fenco Entities. For example, the trustee has notified the Company’s insurance companies that it may have claims for wrongful acts, breach of fiduciary duty, civil conspiracy, aiding and abetting, negligence and conversion. The Company is also a defendant in a case in Ontario Superior Court and in a case in the District Court for the District of Delaware claiming that the Company is liable for amounts due by the Fenco Entities to their employees under U.S. and Canadian law. Any litigation to determine the validity of these claims, regardless of their merit or resolution, may be costly and time consuming and divert the efforts and attention of the Company’s management from its business strategy. Any adverse judgment or settlement by the Company of these claims will also result in additional expense.

	The Company is also subject to various other lawsuits and claims in the normal course of business. Management does not believe that the outcome of these matters will have a material adverse effect on its financial position or future results of operations.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	20. Related Party Transactions

	The Company has arrangements or entered into agreements with the certain members of its Board of Directors.

	In August 2000, the Company’s Board of Directors agreed to engage Mr. Mel Marks to provide consulting services to the Company. Mr. Marks was paid an annual consulting fee of $350,000 per year under this arrangement until its termination on March 31, 2013. In March 2013, the Company agreed to pay a one-time fee of $350,000 and additional compensation of $300,000 which was paid during fiscal 2014.

	On May 18, 2012, the Company entered into a new employment agreement (the “New Employment Agreement”) with Mr. Joffe, which terminated and superseded Mr. Joffe’s previous employment agreement that was to expire on August 31, 2012. The New Employment Agreement provides for Mr. Joffe to serve as the Company’s Chairman, President and Chief Executive Officer for a term expiring on August 31, 2015, unless extended or earlier terminated. Pursuant to the New Employment Agreement, Mr. Joffe will receive a base salary of $600,000 per year, which will be reviewed from time to time in accordance with the Company’s established procedures for adjusting salaries for similarly situated employees. Mr. Joffe will be eligible to participate the Company’s Annual Incentive Plan adopted and amended from time to time by the Board (the “Annual Incentive Plan”), with a target bonus equal to 100% of Mr. Joffe’s salary (the “Annual Incentive Bonuses”). In addition to the Annual Incentive Bonuses, the Company paid Mr. Joffe a one-time bonus of $250,000 upon the signing of the New Employment Agreement and awarded Mr. Joffe a guaranteed bonus of $500,000, which is payable in three annual installments: $168,000 on May 18, 2012; $166,000 on May 18, 2013; and $166,000 on May 18, 2014.

	Pursuant to Mr. Joffe’s previous employment agreement, he was entitled to receive a transaction fee of 1.0% of the “total consideration” of any transaction, including any transaction resulting in a change of control, his efforts brought to the Company. In lieu of this transaction fee, pursuant to the New Employment Agreement, the Company granted pursuant to its 2010 Plan (i) a fully-vested option to purchase 109,100 shares of the Company’s common stock equal to $250,000 based on the Black-Scholes valuation method and (ii) 51,167 shares of fully vested restricted stock with a fair value of $331,000 in December 2012. The Company withheld 25,137 shares based upon the Company’s closing stock price on the vesting date to settle Mr. Joffe’s minimum statutory obligation for the applicable income and other employment taxes. The Company then remitted cash to the appropriate taxing authorities. Total payment for this tax obligation to the taxing authorities was $163,000 and is reflected as a financing activity within the consolidated statements of cash flows. These net-share settlements had the effect of share repurchases by the Company as they reduced and retired the number of shares that would have otherwise been issued as a result of the vesting and did not represent an expense to the Company.

	Pursuant to the New Employment Agreement, Mr. Joffe will also be eligible to receive annual awards under the 2010 Plan in such amounts as are determined by the Compensation Committee as administrator of the 2010 Plan in its sole and absolute discretion (the “Annual Awards”). Such awards may be in the form of options, restricted stock, restricted stock units, performance shares, performance units or such other form of award as determined by the Compensation Committee as administrator of the 2010 Plan in its sole and absolute discretion.

	On June 12, 2014, the Company and Mr. Joffe entered into Amendment No. 1 to the New Employment Agreement pursuant to which, effective as of July 1, 2014, (i) the last day of Mr. Joffe's term of employment was changed from August 31, 2015 to July 1, 2019 and (ii) his base salary was increased from $600,000 per year to $700,000 per year. All other terms and conditions of the New Employment Agreement remain the same.

	In October 2013, the Company entered into an option purchase agreement (the “Option Purchase Agreement”) with Mr. Joffe, pursuant to which, among other things, the Company purchased Mr. Joffe’s option to purchase 100,000 shares of the Company’s common stock which were originally granted on January 14, 2004 under the Company’s 1994 Stock Option Plan at a net purchase price of $626,500. This payment represents the difference between $12.66, the closing price per share of the Company’s common stock on the measurement date under the Option Purchase Agreement, and the exercise price per share of the stock option, multiplied by the total number of shares under Mr. Joffe’s stock option, and less an administrative fee.

	Other Related Party Transactions

	During fiscal 2014, the Company paid $304,000 to Houlihan Lokey Howard & Zukin Capital, Inc. in connection with the restructuring of the discontinued subsidiary. A member of the Company’s Board of Directors, is a Co-President and Global Co-Head of Corporate Finance for Houlihan Lokey Howard & Zukin Capital, Inc.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	21. Accumulated Other Comprehensive Income (Loss)

	The changes in accumulated other comprehensive income (loss) is as follows:

		Unrealized gain		Foreign Currency			Total
		on Short-Term		Translation
		Investments

	Balance as of April 1, 2013	$	287,000	$	(1,133,000	)	$	(846,000	)
	Other comprehensive income (loss), net of tax		34,000		(65,000	)		(31,000	)
	Amounts reclassified from other comprehensive income (loss), net of tax		-		-			-
	Balance as of March 31, 2014	$	321,000	$	(1,198,000	)	$	(877,000	)

Subsequent_Events

Subsequent Events	12 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	22. Subsequent Events

	On June 12, 2014, the Company entered into a first amendment to the amended and restated financing agreement, pursuant to which (i) the commitments to make revolving loans under the amended and restated financing agreement were increased by $10,000,000 to $40,000,000, and (ii) the maximum amount of capital expenditures was increased to $3,200,000 for fiscal year 2014, $7,000,000 for fiscal year 2015, and $4,000,000 for each of fiscal years 2016 and 2017. The maximum amount of capital expenditures for fiscal year 2018 remains at $2,500,000.

Unaudited_Quarterly_Financial_

Unaudited Quarterly Financial Data	12 Months Ended
Unaudited Quarterly Financial Data	Mar. 31, 2014
Unaudited Quarterly Financial Data [Abstract]	'
Unaudited Quarterly Financial Data	'
	23. Unaudited Quarterly Financial Data

	The following table summarizes selected quarterly financial data for the fiscal year ended March 31, 2014.

			First				Second				Third				Fourth
			Quarter				Quarter				Quarter				Quarter

	Net sales		$	50,245,000			$	66,174,000			$	65,568,000			$	76,682,000
	Cost of goods sold			34,231,000				46,469,000				43,642,000				52,761,000
	Gross profit			16,014,000				19,705,000				21,926,000				23,921,000
	Operating expenses:
	General and administrative			9,632,000				8,706,000				9,580,000				11,766,000
	Sales and marketing			1,731,000				2,143,000				1,905,000				2,059,000
	Research and development			549,000				398,000				452,000				541,000
	Total operating expenses			11,912,000				11,247,000				11,937,000				14,366,000
	Operating income			4,102,000				8,458,000				9,989,000				9,555,000
	Other expense:
	Interest expense, net			3,925,000				4,663,000				6,524,000				3,177,000
	Income from continuing operations before income tax expense			177,000				3,795,000				3,465,000				6,378,000
	Income tax expense			74,000				1,631,000				2,317,000				3,311,000
	Income from continuing operations			103,000				2,164,000				1,148,000				3,067,000
	Income from discontinued operations			100,877,000				-				-				-

	Net income		$	100,980,000			$	2,164,000			$	1,148,000			$	3,067,000

	Basic net income per share from continuing operations		$	0.01			$	0.15			$	0.08			$	0.2
	Basic net income per share from discontinued operations			6.97				-				-				-
	Basic net income per share		$	6.98			$	0.15			$	0.08			$	0.2

	Diluted net income per share from continuing operations		$	0.01			$	0.15			$	0.07			$	0.19
	Diluted net income per share from discontinued operations			6.9				-				-				-

	Diluted net income per share		$	6.91			$	0.15			$	0.07			$	0.19

	The following summarizes selected quarterly financial data for the fiscal year ended March 31, 2013:

			First				Second				Third				Fourth
			Quarter				Quarter				Quarter				Quarter

	Net sales		$	46,799,000			$	57,652,000			$	50,658,000			$	58,042,000
	Cost of goods sold			31,980,000				37,556,000				34,332,000				39,942,000
	Gross profit			14,819,000				20,096,000				16,326,000				18,100,000
	Operating expenses:
	General and administrative			5,914,000				4,392,000				8,848,000				6,653,000
	Sales and marketing			1,772,000				1,724,000				1,983,000				1,811,000
	Research and development			436,000				461,000				445,000				588,000
	Total operating expenses			8,122,000				6,577,000				11,276,000				9,052,000
	Operating income			6,697,000				13,519,000				5,050,000				9,048,000
	Other expense:
	Interest expense, net			2,896,000				3,093,000				2,384,000				3,951,000
	Income from continuing operations before income tax expense			3,801,000				10,426,000				2,666,000				5,097,000
	Income tax expense			1,434,000				3,923,000				880,000				1,195,000
	Income from continuing operations			2,367,000				6,503,000				1,786,000				3,902,000
	Loss from discontinued operations			(12,229,000	)			(15,436,000	)			(851,000	)			(77,553,000	)

	Net (loss) income		$	(9,862,000	)		$	(8,933,000	)		$	935,000			$	(73,651,000	)

	Basic net income per share from continuing operations		$	0.17			$	0.45			$	0.12			$	0.27
	Basic net loss per share from discontinued operations			(0.88	)			(1.07	)			(0.06	)			(5.36	)

	Basic net (loss) income per share		$	(0.71	)		$	(0.62	)		$	0.06			$	(5.09	)

	Diluted net income per share from continuing operations		$	0.17			$	0.45			$	0.12			$	0.27
Diluted net loss per share from discontinued operations			(0.87	)			(1.07	)			(0.06	)			(5.35	)

Diluted net (loss) income per share		$	(0.70	)		$	(0.62	)		$	0.06			$	(5.08	)

Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts for the quarters may not agree with per share amounts for the year shown elsewhere in the Annual Report on Form 10-K.

Schedule_II_Valuation_and_Qual

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Mar. 31, 2014
Schedule II Valuation and Qualifying Accounts [Abstract]	'
Schedule II Valuation and Qualifying Accounts	'
	Schedule II — Valuation and Qualifying Accounts

	Accounts Receivable — Allowance for doubtful accounts

	Years Ended	Description	Balance at		Charge to			Amounts			Balance at
	March 31,		beginning of		(recovery of)			written off			end of
			period		bad debts						period
					expense
	2014	Allowance for doubtful accounts	$	1,019,000	$	(47,000	)	$	118,000		$	854,000
	2013	Allowance for doubtful accounts	$	947,000	$	166,000		$	94,000		$	1,019,000
	2012	Allowance for doubtful accounts	$	1,026,000	$	(14,000	)	$	65,000		$	947,000

	Accounts Receivable — Allowance for customer-payment discrepancies

	Years Ended	Description	Balance at		Charge to			Amounts			Balance at
	March 31,		beginning of		discrepancies			Processed			end of
			period		expense						period
	2014	Allowance for customer-payment discrepancies	$	514,000	$	(10,000	)	$	(73,000	)	$	577,000
	2013	Allowance for customer-payment discrepancies	$	280,000	$	536,000		$	302,000		$	514,000
	2012	Allowance for customer-payment discrepancies	$	648,000	$	270,000		$	638,000		$	280,000

	Inventory — Allowance for excess and obsolete inventory

	Years Ended	Description	Balance at		Provision for			Amounts			Balance at
	March 31,		beginning of		excess and			written off			end of
			period		obsolete						period
					inventory
	2014	Allowance for excess and obsolete inventory	$	2,498,000	$	1,620,000		$	1,410,000		$	2,708,000
	2013	Allowance for excess and obsolete inventory	$	2,164,000	$	1,814,000		$	1,480,000		$	2,498,000
	2012	Allowance for excess and obsolete inventory	$	2,599,000	$	3,216,000		$	3,651,000		$	2,164,000

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Mar. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Principles of Consolidation

Reclassifications

Cash and Cash Equivalents

Accounts Receivable

Inventory

Non-core Inventory

•

The Company records vendor discounts as a reduction of inventories that are recognized as a reduction to cost of sales as the inventories are sold.

Inventory Unreturned

Inventory unreturned is valued in the same manner as the Company’s finished goods inventory.

Long-term Core Inventory

Long-term core inventory consists of:

•

Used Cores purchased from core brokers and held in inventory at the Company’s facilities,

•

Used Cores returned by the Company’s customers and held in inventory at the Company’s facilities,

•

Used Cores returned by end-users to customers but not yet returned to the Company are classified as Remanufactured Cores until they are physically received by the Company,

•

Remanufactured Cores held in finished goods inventory at the Company’s facilities; and

•

For these reasons, the Company concluded that it is more appropriate to classify core inventory as long-term assets.

Long-term Core Inventory Deposit

Customer Finished Goods Returns Accrual

Income Taxes

Plant and Equipment

Intangible Assets

Deferred Financing Costs

Foreign Currency Translation

Revenue Recognition

The Company recognizes revenue when performance by the Company is complete and all of the following criteria have been met:

•

Persuasive evidence of an arrangement exists,

•

Delivery has occurred or services have been rendered,

•

The seller’s price to the buyer is fixed or determinable, and

•

Collectability is reasonably assured.

•

The reconciliation of the nominally priced Remanufactured Cores must be completed and agreed to by the customer.

•

The amount must be billed to the customer.

Marketing Allowances

Advertising Costs

Net Income (Loss) Per Share

The following presents a reconciliation of basic and diluted net income (loss) per share.

Years Ended March 31,

2014

2013

2012

Income from continuing operations

6,482,000

14,558,000

14,348,000

Income (loss) from discontinued operations

100,877,000

(106,069,000

)

(62,862,000

)

Net income (loss)

107,359,000

(91,511,000

)

(48,514,000

)

Basic shares

14,633,946

14,327,310

12,442,684

Effect of dilutive stock options and warrants

683,985

58,205

314,161

Diluted shares

15,317,931

14,385,515

12,756,845

Net income (loss) per share:

Basic net income per share from continuing operations

0.45

1.01

1.15

Basic net income (loss) per share from discontinued operations

6.89

(7.40

)

(5.05

)

Basic net income (loss) per share

7.34

(6.39

)

(3.90

)

Diluted net income per share from continuing operations

0.42

1.01

1.13

Diluted net income (loss) per share from discontinued operations

6.59

(7.37

)

(4.93

)

Diluted net income (loss) per share

7.01

(6.36

)

(3.80

)

Use of Estimates

The Company uses significant estimates in the calculation of the lower of cost or market value of long-term core inventory.

The Company uses significant estimates in the ongoing calculation of potential liabilities from uncertain tax positions that are more likely than not to occur.

Financial Instruments

Stock Options and Share-Based Payments

The table below summarizes the Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted during the periods noted.

Years Ended March 31,

2014

2013

2012

Weighted average risk free interest rate

1.88

1.17

1.74

Weighted average expected holding period (years)

5.89

6.6

6.29

Weighted average expected volatility

48.15

44.25

40.28

Weighted average expected dividend yield

Weighted average fair value of options granted

5.16

2.92

4.21

Credit Risk

Deferred Compensation Plan

Comprehensive Income or Loss

New Accounting Pronouncements

Accumulated other comprehensive income (“AOCI”)

Income Taxes

Discontinued Operations

Revenue Recognition

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2014
Summary of Significant Accounting Policies [Abstract]	'
Reconciliation of basic and diluted net (loss) income per share	'
	The following presents a reconciliation of basic and diluted net income (loss) per share.

		Years Ended March 31,
		2014			2013			2012
	Income from continuing operations	$	6,482,000		$	14,558,000		$	14,348,000
	Income (loss) from discontinued operations		100,877,000			(106,069,000	)		(62,862,000	)
	Net income (loss)	$	107,359,000		$	(91,511,000	)	$	(48,514,000	)
	Basic shares		14,633,946			14,327,310			12,442,684
	Effect of dilutive stock options and warrants		683,985			58,205			314,161
	Diluted shares		15,317,931			14,385,515			12,756,845
	Net income (loss) per share:
	Basic net income per share from continuing operations	$	0.45		$	1.01		$	1.15
	Basic net income (loss) per share from discontinued operations		6.89			(7.40	)		(5.05	)
	Basic net income (loss) per share	$	7.34		$	(6.39	)	$	(3.90	)

	Diluted net income per share from continuing operations	$	0.42		$	1.01		$	1.13
	Diluted net income (loss) per share from discontinued operations		6.59			(7.37	)		(4.93	)
	Diluted net income (loss) per share	$	7.01		$	(6.36	)	$	(3.80	)
Black-Scholes option pricing model assumptions used to derive weighted average fair value of stock options granted	'
	The table below summarizes the Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted during the periods noted.

		Years Ended March 31,
		2014			2013			2012
	Weighted average risk free interest rate		1.88	%		1.17	%		1.74	%
	Weighted average expected holding period (years)		5.89			6.6			6.29
	Weighted average expected volatility		48.15	%		44.25	%		40.28	%
	Weighted average expected dividend yield		-			-			-
	Weighted average fair value of options granted	$	5.16		$	2.92		$	4.21

Discontinued_Operations_and_De1

Discontinued Operations and Deconsolidation of Fenco (Tables)	12 Months Ended
	Mar. 31, 2014
Discontinued Operations and Deconsolidation of Fenco [Abstract]	'
Fenco deconsolidation impact	'
	The following table summarizes the effects on the consolidated balance sheet of the deconsolidation of Fenco effective May 31, 2013.

	Cash	$	(170,000	)
	Accounts receivable — net		(4,377,000	)
	Inventory— net		(25,731,000	)
	Inventory unreturned		(5,321,000	)
	Deferred income taxes		(225,000	)
	Prepaid expenses and other current assets		(2,436,000	)
	Plant and equipment — net		(4,018,000	)
	Long-term core inventory — net		(40,471,000	)
	Other assets		(22,000	)
	Reduction in total assets	$	(82,771,000	)

	Accounts payable	$	(75,454,000	)
	Accrued liabilities		(4,759,000	)
	Customer finished goods returns accrual		(10,744,000	)
	Other current liabilities		(1,761,000	)
	Revolving loan - in default		(48,520,000	)
	Term loan - in default		(10,000,000	)
	Customer core returns accrual		(49,531,000	)
	Other liabilities		(97,000	)
	Reduction in total liabilties	$	(200,866,000	)

	Gain from deconsolidation of Fenco	$	118,095,000

Intangible_Assets_Tables

Intangible Assets (Tables)	12 Months Ended
Intangible Assets (Tables)	Mar. 31, 2014
Intangible Assets [Abstract]	'
Intangible assets subject to amortization	'
	The following is a summary of the intangible assets subject to amortization at March 31:

				2014								2013
		Weighted		Gross Carrying				Accumulated				Gross Carrying			Accumulated
		Average		Value				Amortization				Value			Amortization
		Amortization
		Period
	Intangible assets subject to amortization
	Trademarks	9 years			$	553,000			$	391,000			$	553,000		$	337,000
	Customer relationships	12 years				6,464,000				3,393,000				6,464,000			2,743,000
	Non-compete agreements	4 years				257,000				246,000				257,000			211,000
	Total	11 years			$	7,274,000			$	4,030,000			$	7,274,000		$	3,291,000
Amortization expense for acquired intangible assets	'
	Amortization expense for acquired intangible assets is as follows:

			Years Ended March 31,
			2014				2013				2012

	Amortization expense		$	739,000			$	773,000			$	774,000
Estimated future amortization expense for intangible assets	'
	The estimated future amortization expense for intangible assets subject to amortization is as follows:

	Year Ending March 31,
	2015		$	670,000
	2016			349,000
	2017			266,000
	2018			266,000
	2019			266,000
	Thereafter			1,427,000
	Total		$	3,244,000

Accounts_Receivable_Net_Tables

Accounts Receivable - Net (Tables)	12 Months Ended
Accounts Receivable - Net (Tables)	Mar. 31, 2014
Accounts Receivable - Net [Abstract]	'
Schedule of accounts receivable	'
	Accounts receivable — net is comprised of the following at March 31:

		2014			2013
	Accounts receivable — trade	$	58,766,000		$	40,686,000
	Allowance for bad debts		(854,000	)		(1,019,000	)
	Customer allowances earned		(9,088,000	)		(11,160,000	)
	Customer payment discrepancies		(577,000	)		(514,000	)
	Customer returns RGA issued		(5,809,000	)		(4,966,000	)
	Customer core returns accruals		(20,155,000	)		(19,338,000	)
	Less: total accounts receivable offset accounts		(36,483,000	)		(36,997,000	)

	Total accounts receivable — net	$	22,283,000		$	3,689,000
Schedule of warranty return accrual	'
	Change in the Company’s warranty return accrual is as follows at March 31:

		2014			2013
	Balance at beginning of period	$	6,205,000		$	4,426,000
	Charged to expense		56,284,000			48,948,000
	Amounts processed		(54,450,000	)		(47,169,000	)

	Balance at end of period	$	8,039,000		$	6,205,000

Inventory_Tables

Inventory (Tables)	12 Months Ended
Inventory (Tables)	Mar. 31, 2014
Inventory [Abstract]	'
Schedule of Inventory	'
	Non-core inventory, inventory unreturned, long-term core inventory, and long-term core inventory deposits are as follows at March 31:

		2014			2013
	Non-core inventory
	Raw materials	$	18,787,000		$	14,152,000
	Work-in-process		124,000			137,000
	Finished goods		30,197,000			19,239,000
			49,108,000			33,528,000
	Less allowance for excess and obsolete inventory		(1,862,000	)		(1,690,000	)

	Total	$	47,246,000		$	31,838,000

	Inventory unreturned	$	7,534,000		$	6,981,000
	Long-term core inventory
	Used cores held at the Company's facilities	$	23,718,000		$	22,227,000
	Used cores expected to be returned by customers		6,160,000			5,147,000
	Remanufactured cores held in finished goods		18,093,000			15,019,000
	Remanufactured cores held at customers' locations		96,351,000			76,626,000
			144,322,000			119,019,000
	Less allowance for excess and obsolete inventory		(846,000	)		(808,000	)

	Total	$	143,476,000		$	118,211,000

	Long-term core inventory deposits	$	29,375,000		$	27,610,000

Plant_and_Equipment_Tables

Plant and Equipment (Tables)	12 Months Ended
Plant and Equipment (Tables)	Mar. 31, 2014
Plant and Equipment [Abstract]	'
Plant and equipment, at cost	'
	Plant and equipment, at cost, are as follows at March 31:

		2014			2013
	Machinery and equipment	$	25,092,000		$	24,342,000
	Office equipment and fixtures		7,552,000			6,761,000
	Leasehold improvements		7,569,000			7,613,000
			40,213,000			38,716,000
	Less accumulated depreciation		(29,188,000	)		(28,680,000	)

	Total	$	11,025,000		$	10,036,000

Capital_Lease_Obligations_Tabl

Capital Lease Obligations (Tables)	12 Months Ended
Capital Lease Obligations (Tables)	Mar. 31, 2014
Capital Lease Obligations [Abstract]	'
Machinery and computer equipment under agreements accounted for as capital leases	'
	The Company leases various types of equipment under agreements accounted for as capital leases and included in plant and equipment as follows at March 31:

		2014			2013
	Cost	$	343,000		$	748,000
	Less: accumulated depreciation		(25,000	)		(461,000	)

	Total	$	318,000		$	287,000
Future minimum lease payments for capital leases	'
	Future minimum lease payments for the capital leases are as follows:

	Year Ending March 31,
	2015	$	76,000
	2016		76,000
	2017		76,000
	2018		75,000
	2019		50,000
	Total minimum lease payments		353,000
	Less amount representing interest		(35,000	)
	Present value of future minimum lease payment		318,000
	Less current portion		(64,000	)

		$	254,000

Debt_Tables

Debt (Tables)	12 Months Ended
Debt (Tables)	Mar. 31, 2014
Debt [Abstract]	'
Summarized information about the term loan	'
	The following summarizes information about the Company’s term loan at March 31:

		2014			2013
	Principal amount of term loan	$	92,900,000		$	84,500,000
	Unamortized financing fees		(5,623,000	)		(2,595,000	)

	Net carrying amount of term loan	$	87,277,000		$	81,905,000
	Less current portion of term loan		(7,843,000	)		(3,775,000	)

	Long-term portion of term loan	$	79,434,000		$	78,130,000
Future repayments of the Amended Term Loan, by fiscal year	'
	Future repayments of the Company’s Amended Term Loan, by fiscal year, are as follows:

	Year Ending March 31,
	2015	$	8,400,000
	2016		8,400,000
	2017		8,400,000
	2018		8,400,000
	2019		59,300,000

	Total payments	$	92,900,000

Accounts_Receivable_Discount_P1

Accounts Receivable Discount Programs (Tables)	12 Months Ended
Accounts Receivable Discount Programs (Tables)	Mar. 31, 2014
Accounts Receivable Discount Programs [Abstract]	'
Schedule of accounts receivable discount programs	'
	The following is a summary of the Company’s accounts receivable discount programs for continuing operations:

		Years Ended March 31,
		2014			2013

	Receivables discounted	$	210,752,000		$	188,536,000
	Weighted average days		337			336
	Weighted average discount rate		2.2	%		2.7	%
	Amount of discount as interest expense	$	4,336,000		$	4,654,000

Financial_Risk_Management_and_1

Financial Risk Management and Derivatives (Tables)	12 Months Ended
	Mar. 31, 2014
Financial Risk Management and Derivatives [Abstract]	'
Schedule of derivative instruments on consolidated statements of operations	'
	The following table shows the effect of the Company’s derivative instruments on its consolidated statements of operations:

		Gain (Loss) Recognized within General and Administrative Expenses
	Derivatives Not Designated as	Years Ended March 31,
	Hedging Instruments	2014			2013		2012

	Forward foreign currency exchange contracts	$	(842,000	)	$	804,000	$	(476,000	)

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2014
Fair Value Measurements [Abstract]	'
Financial assets and liabilities measured at fair value recurring basis	'
	The following table sets forth by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at March 31, 2014 and 2013, according to the valuation techniques the Company used to determine their fair values.

			31-Mar-14												31-Mar-13
						Fair Value Measurements												Fair Value Measurements
						Using Inputs Considered as												Using Inputs Considered as
			Fair Value			Level 1			Level 2			Level 3			Fair Value			Level 1			Level 2			Level 3
	Assets
	Short-term investments
	Mutual funds		$	521,000			$	521,000			-			-		$	411,000		$	411,000			-			-
	Prepaid expenses and other current assets
	Forward foreign currency exchange contracts			-				-			-			-			683,000			-		$	683,000			-

	Liabilities
	Other current liabilities
	Deferred compensation			521,000				521,000			-			-			411,000			411,000			-			-
	Forward foreign currency exchange contracts			159,000				-		$	159,000			-			-			-			-			-
	Other liabilities
	Warrant liability			10,047,000				-			-		$	10,047,000			2,014,000			-			-		$	2,014,000
Assumptions used to determine fair value of warrant liability	'
	The assumptions used to determine the fair value of the Supplier Warrant recorded as warrant liability were:

			31-Mar-14

	Risk free interest rate			1.11	%
	Expected life in years			3.5
	Expected volatility			45.9	%
	Dividend yield			-
	Probability of future financing			0	%
Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (level 3)	'
	A summary of the change to the Company’s warrant liability, as measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is presented below:

			Years Ended March 31,
			2014				2013

	Beginning balance		$	2,014,000			$	-
	Newly issued			-				1,625,000
	Total (gain) loss included in net loss			10,443,000				389,000
	Exercises/settlements (1)			(2,410,000	)			-
	Net transfers in (out) of Level 3			-				-
	Ending balance		$	10,047,000			$	2,014,000

	-1	Represents the fair value of the Cerberus Warrant as of the settlement date (see Note 10).

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2014
Commitments and Contingencies [Abstract]	'
Remaining future minimum rental payments under operating leases	'
	The remaining future minimum rental payments under the above operating leases are as follows:

	Year Ending March 31,
	2015	$	2,953,000
	2016		1,288,000
	2017		1,081,000
	2018		1,066,000
	2019		1,031,000
	Thereafter		3,209,000

	Total minimum lease payments	$	10,628,000
Breakout of allowances	'
	The following table presents the breakout of allowances for our continuing operations discussed above, recorded as a reduction to revenues:

		Years Ended March 31,
		2014		2013		2012

	Allowances incurred under long-term customer contracts	$	16,099,000	$	13,590,000	$	11,549,000
	Allowances related to a single exchange of product		30,948,000		27,392,000		19,544,000
	Allowances related to core inventory purchase obligations		2,506,000		2,615,000		3,030,000

	Total customer allowances recorded as a reduction of revenues	$	49,553,000	$	43,597,000	$	34,123,000
Commitments to incur allowances and customer Remanufactured Core purchase obligations	'
	The following table presents the commitments to incur allowances, excluding allowances related to a single exchange of product, which will be recognized as a charge against revenue, and customer Remanufactured Core purchase obligations which will be recognized in accordance with the terms of the relevant long-term customer contracts:

	Year Ending March 31,
	2015	$	15,460,000
	2016		11,420,000
	2017		5,983,000
	2018		5,390,000
	2019		4,192,000
	Thereafter		4,551,000

	Total marketing allowances	$	46,996,000

Major_Customers_and_Suppliers_

Major Customers and Suppliers (Tables)	12 Months Ended
Major Customers and Suppliers (Tables)	Mar. 31, 2014
Major Customers and Suppliers [Abstract]	'
Schedule of largest customers	'
	The Company’s largest customers accounted for the following total percentage of net sales from continuing operations:

		Years Ended March 31,
	Sales	2014			2013			2012
	Customer A		53	%		41	%		49	%
	Customer B		19	%		24	%		17	%
	Customer C		11	%		12	%		6	%
	Customer D		4	%		5	%		6	%

	The Company’s largest customers accounted for the following total percentage of accounts receivable — trade from continuing operations at March 31:

	Accounts receivable - trade	2014			2013
	Customer A		46	%		27	%
	Customer B		12	%		11	%
	Customer C		7	%		7	%
	Customer D		10	%		12	%

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Mar. 31, 2014
Income Taxes [Abstract]	'
Schedule of income tax expense (benefit)	'
	The income tax expense from the Company’s continuing operations for the years ended March 31 is as follows:

		Years Ended March 31,
		2014			2013			2012
	Current tax expense
	Federal	$	4,564,000		$	31,226,000		$	5,081,000
	State		614,000			3,368,000			319,000
	Foreign		599,000			336,000			228,000
	Total current tax expense		5,777,000			34,930,000			5,628,000

	Deferred tax expense (benefit)
	Federal		2,477,000			(25,074,000	)		1,224,000
	State		(162,000	)		(2,706,000	)		542,000
	Foreign		(759,000	)		282,000			(9,000	)
	Total deferred tax (benefit) expense		1,556,000			(27,498,000	)		1,757,000
	Total income tax expense	$	7,333,000		$	7,432,000		$	7,385,000
Schedule of deferred income taxes	'
	Deferred income taxes from the Company’s continuing operations consist of the following at March 31:

		2014			2013
	Assets
	Accounts receivable valuation	$	3,926,000		$	4,713,000
	Allowance for customer incentives		1,343,000			1,222,000
	Inventory obsolescence reserve		1,070,000			966,000
	Stock options		1,426,000			1,488,000
	Cancellation of indedtedness		-			20,510,000
	Intangibles, net		796,000			704,000
	Deferred core revenue		2,885,000			2,259,000
	Claims payable		88,000			175,000
	Accrued compensation		1,787,000			1,786,000
	Net operating losses		9,117,000			190,000
	Other		2,217,000			2,320,000

	Total deferred tax assets	$	24,655,000		$	36,333,000
	Liabilities
	Prepaid expenses	$	(331,000	)	$	(642,000	)
	Property and equipment, net		(298,000	)		(391,000	)
	Estimate for returns		(916,000	)		(219,000	)
	Other		(1,866,000	)		(2,281,000	)
	Total deferred tax liabilities	$	(3,411,000	)	$	(3,533,000	)
	Net deferred tax assets	$	21,244,000		$	32,800,000
	Net current deferred income tax asset	$	18,630,000		$	30,851,000
	Net long-term deferred income tax assets		2,614,000			1,949,000
	Total	$	21,244,000		$	32,800,000
Schedule of difference between income tax expense at the federal statutory rate and effective tax rate	'
	The difference between the income tax expense at the federal statutory rate and the Company’s effective tax rate from the Company’s continuing operations is as follows:

		Years Ended March 31,
		2014			2013			2012

	Statutory federal income tax rate		34	%		34	%		34	%
	State income tax rate, net of federal benefit		2	%		2	%		3	%
	Change in deferred tax rate		(2	)%		-	%		(1	)%
	Foreign income taxed at different rates		(7	)%		-	%		(3	)%
	Warrants		26	%		-	%		-	%
	Non-deductible executive compensation		2	%		-	%		-	%
	Uncertain Tax Positions		(2	)%		-	%		-	%
	Other income tax		-	%		(2	)%		1	%

			53	%		34	%		34	%
Schedule of unrecognized tax benefits	'
	A reconciliation of the beginning and ending amount of unrecognized tax benefits from the Company’s continuing operations is as follows at March 31:

		2014			2013			2012
	Balance at beginning of period	$	827,000		$	634,000		$	576,000
	Additions based on tax positions related to the current year		71,000			227,000			116,000
	Additions for tax positions of prior year		-			-			18,000
	Reductions for tax positions of prior year		(358,000	)		(34,000	)		(76,000	)
	Settlements		-			-			-

	Balance at end of period	$	540,000		$	827,000		$	634,000

Stock_Options_and_Restricted_S1

Stock Options and Restricted Stock Awards (Tables)	12 Months Ended
Stock Options and Restricted Stock Awards (Tables)	Mar. 31, 2014
Stock Options and Restricted Stock Awards [Abstract]	'
Summary of stock option transactions	'
	A summary of stock option transactions follows:

			Number of				Weighted Average
			Shares				Exercise Price
	Outstanding at March 31, 2011			1,591,084			$	8.61
	Granted			15,000			$	10.04
	Exercised			(95,550	)		$	3.36
	Cancelled			(48,250	)		$	3.15
	Outstanding at March 31, 2012			1,462,284			$	9.15
	Granted			635,800			$	6.47
	Exercised			(128,000	)		$	2.28
	Cancelled			-			$	-
	Outstanding at March 31, 2013			1,970,084			$	8.73
	Granted			331,000			$	11.06
	Exercised			(721,666	)		$	9.12
	Cancelled			(152,450	)		$	7.44
	Outstanding at March 31, 2014			1,426,968			$	9.21
Summary of options outstanding	'
	The followings table summarizes information about the options outstanding at March 31, 2014:

					Options Outstanding										Options Exercisable
	Range of				Shares				Weighted		Weighted		Aggregate		Shares		Weighted		Aggregate
	Exercise price								Average		Average		Intrinsic				Average		Intrinsic
									Exercise		Remaining		Value				Exercise		Value
									Price		Life						Price
											In Years
	$	1.800 to $6.345				81,000			$	5.22		5.02	$	1,729,000		78,000	$	5.2	$	1,667,000
	$	6.460 to $7.450				509,468				6.52		8.48		10,215,000		344,766		6.54		6,906,000
	$	8.700 to $9.900				279,250				9.33		9.1		4,814,000		12,250		9.48		209,000
	$	10.010 to $11.900				214,250				10.24		1.84		3,499,000		214,250		10.24		3,499,000
	$	12.000 to $19.94				343,000			$	13.41		3.87		4,514,000		287,000	$	12.23		4,116,000

						1,426,968							$	24,771,000		936,266			$	16,397,000
Summary of changes in the status of non-vested stock options	'
	A summary of changes in the status of non-vested stock options is presented below.

			Number of				Weighted Average
			Shares				Grant Date Fair
							Value
	Non-vested at March 31, 2013			420,401			$	2.93
	Granted			331,000			$	5.16
	Vested			(147,999	)		$	3.1
	Cancelled			(112,700	)		$	2.92
	Non-vested at March 31, 2014			490,702			$	4.39

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	The changes in accumulated other comprehensive income (loss) is as follows:

		Unrealized gain		Foreign Currency			Total
		on Short-Term		Translation
		Investments

	Balance as of April 1, 2013	$	287,000	$	(1,133,000	)	$	(846,000	)
	Other comprehensive income (loss), net of tax		34,000		(65,000	)		(31,000	)
	Amounts reclassified from other comprehensive income (loss), net of tax		-		-			-
	Balance as of March 31, 2014	$	321,000	$	(1,198,000	)	$	(877,000	)

Unaudited_Quarterly_Financial_1

Unaudited Quarterly Financial Data (Tables)	12 Months Ended
Unaudited Quarterly Financial Data (Tables)	Mar. 31, 2014
Unaudited Quarterly Financial Data [Abstract]	'
Schedule of quarterly financial information	'
	The following table summarizes selected quarterly financial data for the fiscal year ended March 31, 2014.

			First				Second				Third				Fourth
			Quarter				Quarter				Quarter				Quarter

	Net sales		$	50,245,000			$	66,174,000			$	65,568,000			$	76,682,000
	Cost of goods sold			34,231,000				46,469,000				43,642,000				52,761,000
	Gross profit			16,014,000				19,705,000				21,926,000				23,921,000
	Operating expenses:
	General and administrative			9,632,000				8,706,000				9,580,000				11,766,000
	Sales and marketing			1,731,000				2,143,000				1,905,000				2,059,000
	Research and development			549,000				398,000				452,000				541,000
	Total operating expenses			11,912,000				11,247,000				11,937,000				14,366,000
	Operating income			4,102,000				8,458,000				9,989,000				9,555,000
	Other expense:
	Interest expense, net			3,925,000				4,663,000				6,524,000				3,177,000
	Income from continuing operations before income tax expense			177,000				3,795,000				3,465,000				6,378,000
	Income tax expense			74,000				1,631,000				2,317,000				3,311,000
	Income from continuing operations			103,000				2,164,000				1,148,000				3,067,000
	Income from discontinued operations			100,877,000				-				-				-

	Net income		$	100,980,000			$	2,164,000			$	1,148,000			$	3,067,000

	Basic net income per share from continuing operations		$	0.01			$	0.15			$	0.08			$	0.2
	Basic net income per share from discontinued operations			6.97				-				-				-
	Basic net income per share		$	6.98			$	0.15			$	0.08			$	0.2

	Diluted net income per share from continuing operations		$	0.01			$	0.15			$	0.07			$	0.19
	Diluted net income per share from discontinued operations			6.9				-				-				-

	Diluted net income per share		$	6.91			$	0.15			$	0.07			$	0.19

	The following summarizes selected quarterly financial data for the fiscal year ended March 31, 2013:

			First				Second				Third				Fourth
			Quarter				Quarter				Quarter				Quarter

	Net sales		$	46,799,000			$	57,652,000			$	50,658,000			$	58,042,000
	Cost of goods sold			31,980,000				37,556,000				34,332,000				39,942,000
	Gross profit			14,819,000				20,096,000				16,326,000				18,100,000
	Operating expenses:
	General and administrative			5,914,000				4,392,000				8,848,000				6,653,000
	Sales and marketing			1,772,000				1,724,000				1,983,000				1,811,000
	Research and development			436,000				461,000				445,000				588,000
	Total operating expenses			8,122,000				6,577,000				11,276,000				9,052,000
	Operating income			6,697,000				13,519,000				5,050,000				9,048,000
	Other expense:
	Interest expense, net			2,896,000				3,093,000				2,384,000				3,951,000
	Income from continuing operations before income tax expense			3,801,000				10,426,000				2,666,000				5,097,000
	Income tax expense			1,434,000				3,923,000				880,000				1,195,000
	Income from continuing operations			2,367,000				6,503,000				1,786,000				3,902,000
	Loss from discontinued operations			(12,229,000	)			(15,436,000	)			(851,000	)			(77,553,000	)

	Net (loss) income		$	(9,862,000	)		$	(8,933,000	)		$	935,000			$	(73,651,000	)

	Basic net income per share from continuing operations		$	0.17			$	0.45			$	0.12			$	0.27
	Basic net loss per share from discontinued operations			(0.88	)			(1.07	)			(0.06	)			(5.36	)

	Basic net (loss) income per share		$	(0.71	)		$	(0.62	)		$	0.06			$	(5.09	)

	Diluted net income per share from continuing operations		$	0.17			$	0.45			$	0.12			$	0.27
	Diluted net loss per share from discontinued operations			(0.87	)			(1.07	)			(0.06	)			(5.35	)

Diluted net (loss) income per share		$	(0.70	)		$	(0.62	)		$	0.06			$	(5.08	)

Company_Background_and_Organiz1

Company Background and Organization (Details)	12 Months Ended
	Mar. 31, 2014
	Segment
Company Background and Organization [Abstract]	'
Number of operating segments	2
Number of reportable segments	1

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended								12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Inventory [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Prior period over which allocations of labor and variable and fixed overhead costs are determined based on average actual use of production facilities	'	'	'	'	'	'	'	'	'12 months	'	'
Unallocated overhead costs excluded from calculation of finished goods cost	'	'	'	'	'	'	'	'	$1,070,000	$1,561,000	$1,410,000
Percentage of inventory reserve to cost if no liquidation market exists for part (in hundredths)	100.00%	'	'	'	'	'	'	'	100.00%	'	'
Reserve for excess and obsolete inventory	2,708,000	'	'	'	2,498,000	'	'	'	2,708,000	2,498,000	'
Period of normal operating cycle	'	'	'	'	'	'	'	'	'1 year	'	'
Revenue Recognition [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Deferred remanufactured core revenue	15,065,000	'	'	'	12,014,000	'	'	'	15,065,000	12,014,000	'
Advertising Costs [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Advertising expenses	'	'	'	'	'	'	'	'	205,000	343,000	381,000
Reconciliation of basic and diluted net income per share [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Income from continuing operations	3,067,000	1,148,000	2,164,000	103,000	3,902,000	1,786,000	6,503,000	2,367,000	6,482,000	14,558,000	14,348,000
Income (loss) from discontinued operations	0	0	0	100,877,000	-77,553,000	-851,000	-15,436,000	-12,229,000	100,877,000	-106,069,000	-62,862,000
Net income (loss)	3,067,000	1,148,000	2,164,000	100,980,000	-73,651,000	935,000	-8,933,000	-9,862,000	107,359,000	-91,511,000	-48,514,000
Basic shares (in shares)	'	'	'	'	'	'	'	'	14,633,946	14,327,310	12,442,684
Effect of dilutive stock options and warrants (in shares)	'	'	'	'	'	'	'	'	683,985	58,205	314,161
Diluted shares (in shares)	'	'	'	'	'	'	'	'	15,317,931	14,385,515	12,756,845
Net income (loss) per share:	'	'	'	'	'	'	'	'	'	'	'
Basic net income per share from continuing operations (in dollars per share)	$0.20	$0.08	$0.15	$0.01	$0.27	$0.12	$0.45	$0.17	$0.45	$1.01	$1.15
Basic net income (loss) per share from discontinued operations (in dollars per share)	$0	$0	$0	$6.97	($5.36)	($0.06)	($1.07)	($0.88)	$6.89	($7.40)	($5.05)
Basic net income (loss) per share (in dollars per share)	$0.20	$0.08	$0.15	$6.98	($5.09)	$0.06	($0.62)	($0.71)	$7.34	($6.39)	($3.90)
Diluted net income per share from continuing operations (in dollars per share)	$0.19	$0.07	$0.15	$0.01	$0.27	$0.12	$0.45	$0.17	$0.42	$1.01	$1.13
Diluted net income (loss) per share from discontinued operation (in dollars per share)	$0	$0	$0	$6.90	($5.35)	($0.06)	($1.07)	($0.87)	$6.59	($7.37)	($4.93)
Diluted net income (loss) per share (in dollars per share)	$0.19	$0.07	$0.15	$6.91	($5.08)	$0.06	($0.62)	($0.70)	$7.01	($6.36)	($3.80)
Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Weighted average risk free interest rate (in hundredths)	'	'	'	'	'	'	'	'	1.88%	1.17%	1.74%
Weighted average expected holding period	'	'	'	'	'	'	'	'	'5 years 10 months 20 days	'6 years 7 months 6 days	'6 years 3 months 14 days
Weighted average expected volatility (in hundredths)	'	'	'	'	'	'	'	'	48.15%	44.25%	40.28%
Weighted average expected dividend yield (in hundredths)	'	'	'	'	'	'	'	'	0.00%	0.00%	0.00%
Weighted average fair value of options granted (in dollars per share)	'	'	'	'	'	'	'	'	$5.16	$2.92	$4.21
Deferred Compensation Plan [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Short-term investments redeemed for the payment of deferred compensation liabilities	'	'	'	'	'	'	'	'	0	0	'
Carrying value of plan assets	521,000	'	'	'	411,000	'	'	'	521,000	411,000	'
Deferred compensation obligation	521,000	'	'	'	411,000	'	'	'	521,000	411,000	'
Expense related to the deferred compensation plan	'	'	'	'	'	'	'	'	$10,000	$8,000	$8,000
Stock Options [Member]	'	'	'	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Options granted (in shares)	'	'	'	'	'	'	'	'	331,000	635,800	15,000
Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Weighted average fair value of options granted (in dollars per share)	'	'	'	'	'	'	'	'	$5.16	'	'
Options [Member]	'	'	'	'	'	'	'	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Antidilutive securities excluded from effect of dilutive options and warrants (in shares)	'	'	'	'	'	'	'	'	77,000	922,334	463,000
Warrants [Member]	'	'	'	'	'	'	'	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Antidilutive securities excluded from effect of dilutive options and warrants (in shares)	'	'	'	'	'	'	'	'	'	735,484	546,283
Minimum [Member]	'	'	'	'	'	'	'	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Exercise price (in dollars per share)	$13.65	'	'	'	$5.83	'	'	'	$13.65	$5.83	$10.73
Maximum [Member]	'	'	'	'	'	'	'	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Exercise price (in dollars per share)	$19.94	'	'	'	$15.06	'	'	'	$19.94	$15.06	$15.06
Machinery and Equipment [Member] \| Minimum [Member]	'	'	'	'	'	'	'	'	'	'	'
Plant and Equipment [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Estimated service life	'	'	'	'	'	'	'	'	'5 years	'	'
Machinery and Equipment [Member] \| Maximum [Member]	'	'	'	'	'	'	'	'	'	'	'
Plant and Equipment [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Estimated service life	'	'	'	'	'	'	'	'	'10 years	'	'
Office Equipment and Fixtures [Member] \| Minimum [Member]	'	'	'	'	'	'	'	'	'	'	'
Plant and Equipment [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Estimated service life	'	'	'	'	'	'	'	'	'3 years	'	'
Office Equipment and Fixtures [Member] \| Maximum [Member]	'	'	'	'	'	'	'	'	'	'	'
Plant and Equipment [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Estimated service life	'	'	'	'	'	'	'	'	'10 years	'	'

Discontinued_Operations_and_De2

Discontinued Operations and Deconsolidation of Fenco (Details) (USD $)	12 Months Ended	2 Months Ended	12 Months Ended
	Mar. 31, 2014	31-May-13	Mar. 31, 2013	Mar. 31, 2012	6-May-11
	Mar. 31, 2014	Fenco [Member]	Fenco [Member]	Fenco [Member]	Fapco [Member]
Business Acquisition [Line Items]	'	'	'	'	'
Direct ownership interest acquired (in hundredths)	'	'	'	'	1.00%
FAPL's ownership interest prior to acquisition (in hundredths)	'	'	'	'	99.00%
Combined direct and indirect ownership interest subsequent to acquisition (in hundredths)	'	'	'	'	100.00%
Assets deconsolidated [Abstract]	'	'	'	'	'
Cash	'	($170,000)	'	'	'
Accounts receivable - net	'	-4,377,000	'	'	'
Inventory - net	'	-25,731,000	'	'	'
Inventory unreturned	'	-5,321,000	'	'	'
Deferred income taxes	'	-225,000	'	'	'
Prepaid expenses and other current assets	'	-2,436,000	'	'	'
Plant and equipment - net	'	-4,018,000	'	'	'
Long-term core inventory - net	'	-40,471,000	'	'	'
Other assets	'	-22,000	'	'	'
Reduction in total assets	'	-82,771,000	'	'	'
Liabilities deconsolidated [Abstract]	'	'	'	'	'
Accounts payable	'	-75,454,000	'	'	'
Accrued liabilities	'	-4,759,000	'	'	'
Customer finished goods returns accrual	'	-10,744,000	'	'	'
Other current liabilities	'	-1,761,000	'	'	'
Revolving loan - in default	'	-48,520,000	'	'	'
Term loan - in default	'	-10,000,000	'	'	'
Customer core returns accrual	'	-49,531,000	'	'	'
Other liabilities	'	-97,000	'	'	'
Reduction in total liabilties	'	-200,866,000	'	'	'
Gain from deconsolidation of Fenco	'	118,095,000	'	'	'
Net sales	'	'	193,115,000	185,136,000	'
Operating losses	'	5,910,000	'	'	'
Loss in connection with guarantee of obligations to Fenco suppliers	20,464,000	'	'	'	'
Income tax benefit from discontinued operations	10,530,000	1,374,000	'	'	'
Income tax benefit from discontinued operations related to guarantee of obligations to certain Fenco suppliers	$9,156,000	'	'	'	'

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	12 Months Ended
Intangible Assets (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'11 years	'
Gross Carrying Value	$7,274,000	$7,274,000
Accumulated Amortization	4,030,000	3,291,000
Trademarks [Member]	'	'
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'9 years	'
Gross Carrying Value	553,000	553,000
Accumulated Amortization	391,000	337,000
Customer Relationships [Member]	'	'
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'12 years	'
Gross Carrying Value	6,464,000	6,464,000
Accumulated Amortization	3,393,000	2,743,000
Non-compete Agreements [Member]	'	'
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'4 years	'
Gross Carrying Value	257,000	257,000
Accumulated Amortization	$246,000	$211,000

Intangible_Assets_Amortization

Intangible Assets, Amortization Expense (Details) (USD $)	12 Months Ended
Intangible Assets, Amortization Expense (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Amortization and impairment of intangible assets [Abstract]	'	'	'
Amortization expense	$739,000	$773,000	$774,000
Estimated future amortization expense for intangible assets subject to amortization [Abstract]	'	'	'
2015	670,000	'	'
2016	349,000	'	'
2017	266,000	'	'
2018	266,000	'	'
2019	266,000	'	'
Thereafter	1,427,000	'	'
Total	$3,244,000	'	'

ShortTerm_Investments_Details

Short-Term Investments (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Short-Term Investments [Abstract]	'	'
Short-term investments	$521,000	$411,000
Liability to plan participants	$521,000	$411,000

Accounts_Receivable_Net_Detail

Accounts Receivable - Net (Details) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	31-May-13
	Mar. 31, 2014	Mar. 31, 2013	Fenco [Member]
Accounts Receivable - Net [Abstract]	'	'	'
Accounts receivable - trade	$58,766,000	$40,686,000	'
Allowance for bad debts	-854,000	-1,019,000	'
Customer allowances earned	-9,088,000	-11,160,000	'
Customer payment discrepancies	-577,000	-514,000	'
Customer returns RGA issued	-5,809,000	-4,966,000	'
Customer core returns accruals	-20,155,000	-19,338,000	'
Less: total accounts receivable offset accounts	-36,483,000	-36,997,000	'
Total accounts receivable - net	22,283,000	3,689,000	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'
Accounts receivable - net, deconsolidated	'	'	4,377,000
Warranty Returns [Abstract]	'	'	'
Warranty accrual included in customer returns RGA issued	2,407,000	1,807,000	'
Warranty return estimate included in customer finished goods returns accrual	5,632,000	4,398,000	'
Warranty return accrual, deconsolidated	'	'	5,642,000
Change in warranty return accrual [Roll Forward]	'	'	'
Balance at beginning of period	6,205,000	4,426,000	'
Charged to expense	56,284,000	48,948,000	'
Amounts processed	-54,450,000	-47,169,000	'
Balance at end of period	$8,039,000	$6,205,000	'

Inventory_Details

Inventory (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	31-May-13
Inventory (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Fenco [Member]
Non-core inventory [Abstract]	'	'	'
Raw materials	$18,787,000	$14,152,000	'
Work-in-process	124,000	137,000	'
Finished goods	30,197,000	19,239,000	'
Non-core inventory, gross	49,108,000	33,528,000	'
Less allowance for excess and obsolete inventory	-1,862,000	-1,690,000	'
Total	47,246,000	31,838,000	'
Inventory unreturned	7,534,000	6,981,000	'
Long-term core inventory [Abstract]	'	'	'
Used cores held at the Company's facilities	23,718,000	22,227,000	'
Used cores expected to be returned by customers	6,160,000	5,147,000	'
Remanufactured cores held in finished goods	18,093,000	15,019,000	'
Remanufactured cores held at customers' locations	96,351,000	76,626,000	'
Long-term core inventory - gross	144,322,000	119,019,000	'
Less allowance for excess and obsolete inventory	-846,000	-808,000	'
Total	143,476,000	118,211,000	'
Long-term core inventory deposit	29,375,000	27,610,000	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'
Non-core inventory, deconsolidated	'	'	25,731,000
Inventory unreturned, deconsolidated	'	'	5,321,000
Long-term core inventory, deconsolidated	'	'	$40,471,000

Plant_and_Equipment_Details

Plant and Equipment (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	31-May-13	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Plant and Equipment (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Fenco [Member]	Foreign Countries [Member]	Foreign Countries [Member]	Machinery and Equipment [Member]	Machinery and Equipment [Member]	Office Equipment and Fixtures [Member]	Office Equipment and Fixtures [Member]	Leasehold Improvements [Member]	Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Property and equipment, gross	$40,213,000	$38,716,000	'	'	'	$25,092,000	$24,342,000	$7,552,000	$6,761,000	$7,569,000	$7,613,000
Less accumulated depreciation	-29,188,000	-28,680,000	'	'	'	'	'	'	'	'	'
Total	11,025,000	10,036,000	'	4,703,000	5,197,000	'	'	'	'	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Plant and equipment, deconsolidated	'	'	$4,018,000	'	'	'	'	'	'	'	'

Capital_Lease_Obligations_Deta

Capital Lease Obligations (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	31-May-13
Capital Lease Obligations (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Fenco [Member]
Machinery and computer equipment under agreements accounted for as capital leases [Abstract]	'	'	'
Cost	$343,000	$748,000	'
Less: accumulated amortization	-25,000	-461,000	'
Total	318,000	287,000	'
Future minimum lease payments for capital leases [Abstract]	'	'	'
2015	76,000	'	'
2016	76,000	'	'
2017	76,000	'	'
2018	75,000	'	'
2019	50,000	'	'
Total minimum lease payments	353,000	'	'
Less amount representing interest	-35,000	'	'
Present value of future minimum lease payment	318,000	'	'
Less current portion	-64,000	'	'
Capital lease obligations, less current portion	254,000	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'
Capital lease obligations, deconsolidated	'	'	$169,000

Debt_Details

Debt (Details) (USD $)

12 Months Ended

0 Months Ended

6 Months Ended

40 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

40 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

60 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2012

31-May-13

24-May-12

Sep. 30, 2013

Jan. 17, 2017

Mar. 31, 2014

Mar. 31, 2013

Nov. 22, 2013

Mar. 31, 2014

Mar. 31, 2013

Aug. 31, 2012

24-May-12

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Aug. 30, 2013

Jul. 31, 2013

Jun. 28, 2013

Aug. 31, 2013

Jan. 17, 2017

Nov. 06, 2013

Jan. 18, 2014

Jan. 18, 2015

Nov. 06, 2013

Nov. 06, 2018

Mar. 31, 2014

Mar. 31, 2013

Nov. 06, 2013

Mar. 31, 2014

Aug. 26, 2013

Aug. 31, 2012

Jun. 10, 2014

Dec. 10, 2013

Mar. 31, 2014

Mar. 31, 2013

Aug. 31, 2012

Fenco [Member]

Financing Agreement [Member]

WX Agreement [Member]

Term Loans [Member]

Revolving Facility [Member]

Sixth Amendment [Member]

Seventh Amendment [Member]

Ninth Amendment [Member]

Supplier Warrant [Member]

Cerberus Warrant [Member]

Letter of Credit [Member]

Commercial Letter Of Credit [Member]

Standby Letters of Credit [Member]

Term Loans [Member]

Revolving Facility [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$85,000,000

$20,000,000

$10,000,000

$95,000,000

$30,000,000

$22,000,000

Debt instrument, maturity date

17-Jan-17

6-Nov-18

31-Jul-17

Reference interest rate under option 1

'LIBOR

Reference interest rate under option 1, floor (in hundredths)

1.50%

Interest rate over LIBOR rate under option 1 (in hundredths)

8.50%

5.25%

2.50%

Interest rate above base rate under option 2 (in hundredths)

7.50%

4.25%

1.00%

Quarterly principal payments

600,000

1,350,000

2,100,000

Minimum aggregate level of liquidity financial covenant, added under sixth amendment

27,000,000

26,000,000

25,000,000

Additional borrowings

20,000,000

Increase (decrease) in maximum borrowing capacity

-10,000,000

10,000,000

Maximum amount of equity interests that may be repurchased

10,000,000

Interest rate at end of period using LIBOR option (in hundredths)

6.75%

10.50%

2.66%

Summarized information about the term loan [Abstract]

Principal amount of term loan

92,900,000

84,500,000

Unamortized financing fees

-5,623,000

-2,595,000

Net carrying amount of term loan

87,277,000

81,905,000

Less current portion of term loan

-7,843,000

-3,775,000

-7,843,000

-3,775,000

Long-term portion of term loan

79,434,000

78,130,000

79,434,000

78,130,000

Future repayments of the Amended Term Loan, by fiscal year [Abstract]

2015

8,400,000

2016

8,400,000

2017

8,400,000

2018

8,400,000

2019

59,300,000

Prepayment penalty (in hundredths)

3.00%

2.00%

Maximum amount that can be prepaid within specified number of days subsequent to amendment effective date without prepayment penalty

10,000,000

Number of days that prepayment penalty is waived for specified prepayment amount

'120 days

Outstanding balance under revolving loan

10,000,000

1,614,000

476,000

Amount available under revolving facility

17,720,000

Credit facility available for accrued interest and other amounts payable

2,000,000

Payment terms under the WX Agreement

'120 days

Interest rate (in hundredths)

1.00%

Interest rate applicable to unpaid amounts (per month)

1.50%

1.25%

Payments of outstanding liabilities, including interest under the Guaranty

20,843,000

Number of shares that can be purchased under warrants (in shares)

219,355

516,129

Initial exercise price (in dollars per share)

$7.75

Amount paid to repurchase warrants

2,194,000

Closing price of common stock on repurchase date (in dollars per share)

$26.57

$17.75

Adjusted exercise price (in dollars per share)

$7.75

Difference between closing price of common stock on repurchase date less the adjusted exercise price (in dollars per share)

$10

Fair value assumptions of warrants [Abstract]

Dividend yield (in hundredths)

0.00%

Expected volatility (in hundredths)

45.69%

Risk-free interest rate (in hundredths)

0.77%

Subsequent financing probability (in hundredths)

0.00%

Expected life

'3 years 6 months

Gain on extinguishment of warrant liability

216,000

Fair value of warrants issued

2,410,000

375,000

10,047,000

1,639,000

Total loss (gain) included in net loss

10,443,000

389,000

2,035,000

-232,000

8,408,000

621,000

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Revolving loan - in default, deconsolidated

48,520,000

Term loan - in default, deconsolidated

$10,000,000

Accounts_Receivable_Discount_P2

Accounts Receivable Discount Programs (Details) (USD $)	12 Months Ended
Accounts Receivable Discount Programs (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Accounts Receivable Discount Programs [Abstract]	'	'
Receivables discounted	$210,752,000	$188,536,000
Weighted average days	'337 days	'336 days
Weighted average discount rate (in hundredths)	2.20%	2.70%
Amount of discount as interest expense	$4,336,000	$4,654,000

Financial_Risk_Management_and_2

Financial Risk Management and Derivatives (Details) (USD $)	12 Months Ended
Financial Risk Management and Derivatives (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Forward foreign currency exchange contracts included in other current liabilities	$159,000	'	'
Forward foreign currency exchange contracts included in prepaid expenses and other current assets	'	683,000	'
Forward Foreign Currency Exchange Contracts [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Notional amount of foreign currency derivatives	17,796,000	17,543,000	'
Forward Foreign Currency Exchange Contracts [Member] \| General and Administrative Expenses [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Forward foreign currency exchange contracts	($842,000)	$804,000	($476,000)

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	12 Months Ended
Fair Value Measurements (Details) (USD $)	Mar. 31, 2014		Mar. 31, 2013	Mar. 31, 2012
Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (Level 3) [Rollforward]	'		'	'
Beginning balance	$2,014,000		$0	'
Newly issued	0		1,625,000	0
Total loss (gain) included in net loss	10,443,000		389,000	0
Exercises/settlements	-2,410,000	[1]	0	'
Net transfers in (out) of Level 3	0		0	'
Ending balance	10,047,000		2,014,000	0
Forward Foreign Currency Exchange Contracts [Member]	'		'	'
Other liabilities [Abstract]	'		'	'
Net (loss) gain on forward foreign currency exchange contracts	-842,000		804,000	'
Warrant Liability [Member]	'		'	'
Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (Level 3) [Rollforward]	'		'	'
Total loss (gain) included in net loss	10,443,000		389,000	'
Supplier Warrant [Member]	'		'	'
Fair value assumptions of warrants [Abstract]	'		'	'
Risk free interest rate (in hundredths)	1.11%		'	'
Expected life	'3 years 6 months		'	'
Expected volatility (in hundredths)	45.90%		'	'
Dividend yield (in hundredths)	0.00%		'	'
Probability of future financing (in hundredths)	0.00%		'	'
Recurring [Member]	'		'	'
Short-Term Investments [Abstract]	'		'	'
Mutual funds	521,000		411,000	'
Prepaid expenses and other current assets [Abstract]	'		'	'
Forward foreign currency exchange contracts	0		683,000	'
Other current liabilities [Abstract]	'		'	'
Deferred compensation	521,000		411,000	'
Forward foreign currency exchange contracts	159,000		0	'
Other liabilities [Abstract]	'		'	'
Warrant liability	10,047,000		2,014,000	'
Recurring [Member] \| Level 1 [Member]	'		'	'
Short-Term Investments [Abstract]	'		'	'
Mutual funds	521,000		411,000	'
Prepaid expenses and other current assets [Abstract]	'		'	'
Forward foreign currency exchange contracts	0		0	'
Other current liabilities [Abstract]	'		'	'
Deferred compensation	521,000		411,000	'
Forward foreign currency exchange contracts	0		0	'
Other liabilities [Abstract]	'		'	'
Warrant liability	0		0	'
Recurring [Member] \| Level 2 [Member]	'		'	'
Short-Term Investments [Abstract]	'		'	'
Mutual funds	0		0	'
Prepaid expenses and other current assets [Abstract]	'		'	'
Forward foreign currency exchange contracts	0		683,000	'
Other current liabilities [Abstract]	'		'	'
Deferred compensation	0		0	'
Forward foreign currency exchange contracts	159,000		0	'
Other liabilities [Abstract]	'		'	'
Warrant liability	0		0	'
Recurring [Member] \| Level 3 [Member]	'		'	'
Short-Term Investments [Abstract]	'		'	'
Mutual funds	0		0	'
Prepaid expenses and other current assets [Abstract]	'		'	'
Forward foreign currency exchange contracts	0		0	'
Other current liabilities [Abstract]	'		'	'
Deferred compensation	0		0	'
Forward foreign currency exchange contracts	0		0	'
Other liabilities [Abstract]	'		'	'
Warrant liability	$10,047,000		$2,014,000	'

[1]	Represents the fair value of the Cerberus Warrant as of the settlement date (see Note 10).

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	12 Months Ended
Commitments and Contingencies (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Remaining future minimum rental payments under operating leases [Abstract]	'	'	'
2015	$2,953,000	'	'
2016	1,288,000	'	'
2017	1,081,000	'	'
2018	1,066,000	'	'
2019	1,031,000	'	'
Thereafter	3,209,000	'	'
Total minimum lease payments	10,628,000	'	'
Total operating lease expenses	2,928,000	2,567,000	2,825,000
Commitments to Provide Marketing Allowances under Long-Term Customer Contracts [Abstract]	'	'	'
Term of long-term agreements with major customer	'4 years	'	'
Breakout of allowances recorded as reduction to revenues [Abstract]	'	'	'
Allowances incurred under long-term customer contracts	16,099,000	13,590,000	11,549,000
Allowances related to a single exchange of product	30,948,000	27,392,000	19,544,000
Allowances related to core inventory purchase obligations	2,506,000	2,615,000	3,030,000
Total customer allowances recorded as a reduction of revenues	49,553,000	43,597,000	34,123,000
Marketing allowances and customer Remanufactured Core purchase obligation [Abstract]	'	'	'
2015	15,460,000	'	'
2016	11,420,000	'	'
2017	5,983,000	'	'
2018	5,390,000	'	'
2019	4,192,000	'	'
Thereafter	4,551,000	'	'
Total marketing allowances	46,996,000	'	'
Workers Compensation Insurance [Abstract]	'	'	'
Period over which Company purchased workers compensation insurance on large deductible plan	'5 years	'	'
Amount of each workers compensation claim for which Company is liable	$250,000	'	'

Major_Customers_and_Suppliers_1

Major Customers and Suppliers (Details)	12 Months Ended
Major Customers and Suppliers (Details)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Sales [Member] \| Customer A [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	53.00%	41.00%	49.00%
Sales [Member] \| Customer B [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	19.00%	24.00%	17.00%
Sales [Member] \| Customer C [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	11.00%	12.00%	6.00%
Sales [Member] \| Customer D [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	4.00%	5.00%	6.00%
Accounts Receivable - Trade [Member] \| Customer A [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	46.00%	27.00%	'
Accounts Receivable - Trade [Member] \| Customer B [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	12.00%	11.00%	'
Accounts Receivable - Trade [Member] \| Customer C [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	7.00%	7.00%	'
Accounts Receivable - Trade [Member] \| Customer D [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	10.00%	12.00%	'
Significant Supplier Purchases [Member] \| Supplier A [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Concentration risk percentage (in hundredths)	13.00%	0.00%	16.00%

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended								12 Months Ended
Income Taxes (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Current tax expense [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Federal	'	'	'	'	'	'	'	'	$4,564,000	$31,226,000	$5,081,000
State	'	'	'	'	'	'	'	'	614,000	3,368,000	319,000
Foreign	'	'	'	'	'	'	'	'	599,000	336,000	228,000
Total current tax expense	'	'	'	'	'	'	'	'	5,777,000	34,930,000	5,628,000
Deferred tax expense (benefit) [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Federal	'	'	'	'	'	'	'	'	2,477,000	-25,074,000	1,224,000
State	'	'	'	'	'	'	'	'	-162,000	-2,706,000	542,000
Foreign	'	'	'	'	'	'	'	'	-759,000	282,000	-9,000
Total deferred tax (benefit) expense	'	'	'	'	'	'	'	'	1,556,000	-27,498,000	1,757,000
Total income tax expense	3,311,000	2,317,000	1,631,000	74,000	1,195,000	880,000	3,923,000	1,434,000	7,333,000	7,432,000	7,385,000
Assets [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Accounts receivable valuation	3,926,000	'	'	'	4,713,000	'	'	'	3,926,000	4,713,000	'
Allowance for customer incentives	1,343,000	'	'	'	1,222,000	'	'	'	1,343,000	1,222,000	'
Inventory obsolescence reserve	1,070,000	'	'	'	966,000	'	'	'	1,070,000	966,000	'
Stock options	1,426,000	'	'	'	1,488,000	'	'	'	1,426,000	1,488,000	'
Cancellation of indebtedness	0	'	'	'	20,510,000	'	'	'	0	20,510,000	'
Intangibles, net	796,000	'	'	'	704,000	'	'	'	796,000	704,000	'
Deferred core revenue	2,885,000	'	'	'	2,259,000	'	'	'	2,885,000	2,259,000	'
Claims payable	88,000	'	'	'	175,000	'	'	'	88,000	175,000	'
Accrued compensation	1,787,000	'	'	'	1,786,000	'	'	'	1,787,000	1,786,000	'
Net operating losses	9,117,000	'	'	'	190,000	'	'	'	9,117,000	190,000	'
Other	2,217,000	'	'	'	2,320,000	'	'	'	2,217,000	2,320,000	'
Total deferred tax assets	24,655,000	'	'	'	36,333,000	'	'	'	24,655,000	36,333,000	'
Liabilities [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Prepaid expenses	-331,000	'	'	'	-642,000	'	'	'	-331,000	-642,000	'
Property and equipment, net	-298,000	'	'	'	-391,000	'	'	'	-298,000	-391,000	'
Estimate for returns	-916,000	'	'	'	-219,000	'	'	'	-916,000	-219,000	'
Other	-1,866,000	'	'	'	-2,281,000	'	'	'	-1,866,000	-2,281,000	'
Total deferred tax liabilities	-3,411,000	'	'	'	-3,533,000	'	'	'	-3,411,000	-3,533,000	'
Net deferred tax assets	21,244,000	'	'	'	32,800,000	'	'	'	21,244,000	32,800,000	'
Net current deferred income tax asset	18,630,000	'	'	'	30,851,000	'	'	'	18,630,000	30,851,000	'
Net long-term deferred income tax assets	2,614,000	'	'	'	1,949,000	'	'	'	2,614,000	1,949,000	'
Current deferred income tax liabilities	137,000	'	'	'	145,000	'	'	'	137,000	145,000	'
Long-term deferred income tax liabilities	'	'	'	'	428,000	'	'	'	'	428,000	'
Federal net operating loss carryforwards	26,100,000	'	'	'	'	'	'	'	26,100,000	'	'
State net operating loss carryforwards	22,300,000	'	'	'	'	'	'	'	22,300,000	'	'
Net operating loss carryforwards expire period	'	'	'	'	'	'	'	'	'between 2020 and 2032	'	'
Losses attributable to windfall stock option deductions	'	'	'	'	'	'	'	'	5,800,000	'	'
Net benefit to be recorded to APIC when realized	'	'	'	'	'	'	'	'	2,200,000	'	'
Income tax benefit from discontinued operations	'	'	'	'	'	'	'	'	10,530,000	'	'
Difference between income tax expense at the federal statutory rate and effective tax rate [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Statutory federal income tax rate (in hundredths)	'	'	'	'	'	'	'	'	34.00%	34.00%	34.00%
State income tax rate, net of federal benefit (in hundredths)	'	'	'	'	'	'	'	'	2.00%	2.00%	3.00%
Change in deferred tax rate (in hundredths)	'	'	'	'	'	'	'	'	-2.00%	0.00%	-1.00%
Foreign income taxed at different rates (in hundredths)	'	'	'	'	'	'	'	'	-7.00%	0.00%	-3.00%
Warrants (in hundredths)	'	'	'	'	'	'	'	'	26.00%	0.00%	0.00%
Non-deductible executive compensation (in hundredths)	'	'	'	'	'	'	'	'	2.00%	0.00%	0.00%
Uncertain tax positions (in hundredths)	'	'	'	'	'	'	'	'	-2.00%	0.00%	0.00%
Other income tax (in hundredths)	'	'	'	'	'	'	'	'	0.00%	-2.00%	1.00%
Total (in hundredths)	'	'	'	'	'	'	'	'	53.00%	34.00%	34.00%
Unrecognized tax benefits [Roll Forward]	'	'	'	'	'	'	'	'	'	'	'
Balance at beginning of period	'	'	'	827,000	'	'	'	634,000	827,000	634,000	576,000
Additions based on tax positions related to the current year	'	'	'	'	'	'	'	'	71,000	227,000	116,000
Additions for tax positions of prior year	'	'	'	'	'	'	'	'	0	0	18,000
Reductions for tax positions of prior year	'	'	'	'	'	'	'	'	-358,000	-34,000	-76,000
Settlements	'	'	'	'	'	'	'	'	0	0	0
Balance at end of period	540,000	'	'	'	827,000	'	'	'	540,000	827,000	634,000
Unrecognized tax benefits that would impact effective tax rate	387,000	'	'	'	597,000	'	'	'	387,000	597,000	480,000
Recognized interest and penalties	'	'	'	'	'	'	'	'	-9,000	32,000	6,000
Interest and penalties accrued	$112,000	'	'	'	$121,000	'	'	'	$112,000	$121,000	'

Defined_Contribution_Plans_Det

Defined Contribution Plans (Details) (401 (K) Plan [Member], USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
401 (K) Plan [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Minimum age required to participate in defined contribution plan	'21 years	'	'
Minimum service period required to participate in defined contribution plan	'6 months	'	'
Employer's matching contribution (in hundredths)	25.00%	'	'
Employer's maximum contribution specified as percentage of employee compensation (in hundredths)	6.00%	'	'
Matching contributions vesting period	'5 years	'	'
Matching contribution, amount	$126,000	$117,000	$102,000

Stock_Options_and_Restricted_S2

Stock Options and Restricted Stock Awards (Details) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2012

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2012

Sep. 03, 2013

Mar. 31, 2014

Mar. 31, 2013

Nov. 08, 2002

Mar. 31, 2002

Mar. 31, 2014

Mar. 31, 2013

Dec. 17, 2003

Mar. 31, 2014

Mar. 31, 2013

Feb. 25, 2010

Feb. 24, 2010

Mar. 31, 2014

Mar. 31, 2013

Mar. 28, 2013

Mar. 27, 2013

Mar. 31, 2014

$1.800 to $6.345 [Member]

$6.460 to $7.450 [Member]

$8.700 to $9.900 [Member]

$10.010 to $11.900 [Member]

$12.000 to $19.94 [Member]

Stock Options [Member]

Restricted Stock [Member]

1994 Stock Option Plan [Member]

2003 Long-Term Incentive Plan [Member]

2004 Non-Employee Director Stock Option Plan [Member]

2010 Incentive Award Plan [Member]

2014 Non-Employee Director Incentive Award Plan [Member]

Installment

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Aggregate number of stock options approved (in shares)

1,155,000

960,000

1,200,000

275,000

175,000

2,750,000

1,750,000

750,000

342,000

Term and vesting period of options granted

'10 years

Option to purchase common stock, outstanding (in shares)

1,426,968

1,970,084

1,462,284

467,500

183,000

218,000

776,468

620,800

Options available for grant (in shares)

1,452,983

1,078,033

342,000

Incentive plan, expiration date

31-Oct-13

Number of Shares [Roll Forward]

Outstanding at beginning of period (in shares)

1,970,084

1,462,284

1,591,084

95,750

1,035,534

183,000

218,000

776,468

620,800

Granted (in shares)

331,000

635,800

15,000

Exercised (in shares)

-721,666

-128,000

-95,550

Cancelled (in shares)

-152,450

-48,250

Outstanding at end of period (in shares)

1,426,968

1,970,084

1,462,284

467,500

183,000

218,000

776,468

620,800

Weighted Average Exercise Price [Roll Forward]

Outstanding at beginning of period (in dollars per share)

$8.73

$9.15

$8.61

Granted (in dollars per share)

$11.06

$6.47

$10.04

Exercised (in dollars per share)

$9.12

$2.28

$3.36

Cancelled (in dollars per share)

$7.44

$3.15

Outstanding at end of period (in dollars per share)

$9.21

$8.73

$9.15

Pre-tax intrinsic value of options exercised

$12,593,000

$493,000

$598,000

Closing stock price (in dollars per share)

$26.57

$9.32

Number of stock options exercisable (in shares)

936,266

1,549,683

1,447,284

Weighted average exercise price of stock options exercisable (in dollars per share)

$9.06

$9.33

$9.14

Number of Shares [Roll Forward]

Non-vested at beginning of period (in shares)

420,401

Granted (in shares)

331,000

635,800

15,000

Vested (in shares)

-147,999

Cancelled (in shares)

-112,700

Non-vested at end of period (in shares)

490,702

420,401

Weighted Average Grant Date Fair Value [Roll Forward]

Non-vested at beginning of period (in dollars per share)

$2.93

Granted (in dollars per share)

$5.16

$2.92

$4.21

$5.16

Vested (in dollars per share)

$3.10

Cancelled (in dollars per share)

$2.92

Non-vested at end of period (in dollars per share)

$4.39

$2.93

Total unrecognized compensation expense

1,916,000

1,072,000

Weighted average vesting period over which compensation expense is expected to be recognized

'1 year 10 months 24 days

Granted (in shares)

138,000

Number of equal annual installments in which awards vest

Fair value to be recognized as compensation expense

1,286,000

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]

Range of exercise price, lower range limit (in dollars per share)

$1.80

$6.46

$8.70

$10.01

$12

Range of exercise price, upper range limit (in dollars per share)

$6.34

$7.45

$9.90

$11.90

$19.94

Outstanding options, shares (in shares)

1,426,968

81,000

509,468

279,250

214,250

343,000

Outstanding options, weighted average exercise price (in dollars per share)

$5.22

$6.52

$9.33

$10.24

$13.41

Outstanding options, weighted average remaining life (in years)

'5 years 0 months 7 days

'8 years 5 months 23 days

'9 years 1 month 6 days

'1 year 10 months 2 days

'3 years 10 months 13 days

Outstanding options, aggregate intrinsic value

24,771,000

1,729,000

10,215,000

4,814,000

3,499,000

4,514,000

Exercisable options, shares (in shares)

936,266

78,000

344,766

12,250

214,250

287,000

Exercisable options, weighted average exercise price (in dollars per share)

$5.20

$6.54

$9.48

$10.24

$12.23

Exercisable options, aggregate intrinsic value

$16,397,000

$1,667,000

$6,906,000

$209,000

$3,499,000

$4,116,000

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2012

Sep. 03, 2013

Mar. 31, 2013

Mar. 31, 2012

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2012

Oct. 31, 2013

Dec. 31, 2012

Mar. 31, 2014

Jun. 12, 2014

Restricted Stock [Member]

Mel Marks [Member]

Selwyn Joffe [Member]

Director [Member]

Subsequent Event [Member]

Installment

Options [Member]

Restricted Stock [Member]

Selwyn Joffe [Member]

Related Party Transaction [Line Items]

Consulting fee

$350,000

One-time consulting fee

350,000

Additional compensation fee

300,000

Base salary

600,000

700,000

Target bonus (in hundredths)

100.00%

One time bonus over annual incentive bonuses

250,000

Guaranteed bonus

500,000

Number of annual installments for guaranteed bonus payable

Guaranteed bonus payable current

166,000

168,000

Transaction fee specified as percentage of total consideration (in hundredths)

1.00%

Option to purchase shares (in shares)

109,100

Option to purchase shares, value

250,000

Fully vested restricted stock granted during the period (in shares)

138,000

51,167

Fair value of fully vested restricted stock granted during the period

331,000

Total shares withheld for payment of taxes (in shares)

25,137

Cash used to net share settle equity awards

163,000

Amount paid in connection with restructuring of Fenco

304,000

Shares purchasable under stock option (in shares)

100,000

Net purchase price of repurchased stock option

$626,500

Closing price of common stock on the measurement date (in dollars per share)

$26.57

$9.32

$12.66

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	12 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Balance as of beginning of period	($846,000)
Other comprehensive income (loss), net of tax	-31,000
Amounts reclassified from other comprehensive income (loss), net of tax	0
Balance as of end of period	-877,000
Unrealized gain on Short-Term Investments [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Balance as of beginning of period	287,000
Other comprehensive income (loss), net of tax	34,000
Amounts reclassified from other comprehensive income (loss), net of tax	0
Balance as of end of period	321,000
Foreign Currency Translation Gain (Loss) [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Balance as of beginning of period	-1,133,000
Other comprehensive income (loss), net of tax	-65,000
Amounts reclassified from other comprehensive income (loss), net of tax	0
Balance as of end of period	($1,198,000)

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member], Amended and Restated Financing Agreement [Member], First Amendment [Member], USD $)	Jun. 12, 2014
Maximum amount of capital expenditures by fiscal year [Abstract]	'
2014	$3,200,000
2015	7,000,000
2016	4,000,000
2017	4,000,000
2018	2,500,000
Revolving Facility [Member]	'
Subsequent Event [Line Items]	'
Increase (decrease) in maximum borrowing capacity	10,000,000
Maximum borrowing capacity	$40,000,000

Unaudited_Quarterly_Financial_2

Unaudited Quarterly Financial Data (Details) (USD $)	3 Months Ended								12 Months Ended
Unaudited Quarterly Financial Data (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Unaudited Quarterly Financial Data [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Net sales	$76,682,000	$65,568,000	$66,174,000	$50,245,000	$58,042,000	$50,658,000	$57,652,000	$46,799,000	$258,669,000	$213,151,000	$178,551,000
Cost of goods sold	52,761,000	43,642,000	46,469,000	34,231,000	39,942,000	34,332,000	37,556,000	31,980,000	177,103,000	143,810,000	121,219,000
Gross profit	23,921,000	21,926,000	19,705,000	16,014,000	18,100,000	16,326,000	20,096,000	14,819,000	81,566,000	69,341,000	57,332,000
Operating expenses [Abstract]	'	'	'	'	'	'	'	'	'	'	'
General and administrative	11,766,000	9,580,000	8,706,000	9,632,000	6,653,000	8,848,000	4,392,000	5,914,000	39,684,000	25,807,000	20,621,000
Sales and marketing	2,059,000	1,905,000	2,143,000	1,731,000	1,811,000	1,983,000	1,724,000	1,772,000	7,838,000	7,290,000	7,659,000
Research and development	541,000	452,000	398,000	549,000	588,000	445,000	461,000	436,000	1,940,000	1,930,000	1,765,000
Total operating expenses	14,366,000	11,937,000	11,247,000	11,912,000	9,052,000	11,276,000	6,577,000	8,122,000	49,462,000	35,027,000	30,758,000
Operating income	9,555,000	9,989,000	8,458,000	4,102,000	9,048,000	5,050,000	13,519,000	6,697,000	32,104,000	34,314,000	26,574,000
Other expense [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Interest expense, net	3,177,000	6,524,000	4,663,000	3,925,000	3,951,000	2,384,000	3,093,000	2,896,000	18,289,000	12,324,000	4,841,000
Income from continuing operations before income tax expense	6,378,000	3,465,000	3,795,000	177,000	5,097,000	2,666,000	10,426,000	3,801,000	13,815,000	21,990,000	21,733,000
Income tax expense	3,311,000	2,317,000	1,631,000	74,000	1,195,000	880,000	3,923,000	1,434,000	7,333,000	7,432,000	7,385,000
Income from continuing operations	3,067,000	1,148,000	2,164,000	103,000	3,902,000	1,786,000	6,503,000	2,367,000	6,482,000	14,558,000	14,348,000
Income (loss) from discontinued operations	0	0	0	100,877,000	-77,553,000	-851,000	-15,436,000	-12,229,000	100,877,000	-106,069,000	-62,862,000
Net income (loss)	$3,067,000	$1,148,000	$2,164,000	$100,980,000	($73,651,000)	$935,000	($8,933,000)	($9,862,000)	$107,359,000	($91,511,000)	($48,514,000)
Basic net income per share from continuing operations (in dollars per share)	$0.20	$0.08	$0.15	$0.01	$0.27	$0.12	$0.45	$0.17	$0.45	$1.01	$1.15
Basic net income (loss) per share from discontinued operations (in dollars per share)	$0	$0	$0	$6.97	($5.36)	($0.06)	($1.07)	($0.88)	$6.89	($7.40)	($5.05)
Basic net income (loss) per share (in dollars per share)	$0.20	$0.08	$0.15	$6.98	($5.09)	$0.06	($0.62)	($0.71)	$7.34	($6.39)	($3.90)
Diluted net income per share from continuing operations (in dollars per share)	$0.19	$0.07	$0.15	$0.01	$0.27	$0.12	$0.45	$0.17	$0.42	$1.01	$1.13
Diluted net income (loss) per share from discontinued operation (in dollars per share)	$0	$0	$0	$6.90	($5.35)	($0.06)	($1.07)	($0.87)	$6.59	($7.37)	($4.93)
Diluted net income (loss) per share (in dollars per share)	$0.19	$0.07	$0.15	$6.91	($5.08)	$0.06	($0.62)	($0.70)	$7.01	($6.36)	($3.80)

Schedule_II_Valuation_and_Qual1

Schedule II - Valuation and Qualifying Accounts (Details) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Accounts Receivable - Allowance for Doubtful Accounts [Member]	'	'	'
Movement in Valuation Allowances and Reserves [Roll Forward]	'	'	'
Balance at beginning of period	$1,019,000	$947,000	$1,026,000
Charged to cost and expense	-47,000	166,000	-14,000
Amounts written off	118,000	94,000	65,000
Balance at end of period	854,000	1,019,000	947,000
Accounts Receivable - Allowance for Customer-Payment Discrepancies [Member]	'	'	'
Movement in Valuation Allowances and Reserves [Roll Forward]	'	'	'
Balance at beginning of period	514,000	280,000	648,000
Charged to cost and expense	-10,000	536,000	270,000
Amounts written off	'	302,000	638,000
Amounts recovered	-73,000	'	'
Balance at end of period	577,000	514,000	280,000
Inventory - Allowance for Excess and Obsolete Inventory [Member]	'	'	'
Movement in Valuation Allowances and Reserves [Roll Forward]	'	'	'
Balance at beginning of period	2,498,000	2,164,000	2,599,000
Charged to cost and expense	1,620,000	1,814,000	3,216,000
Amounts written off	1,410,000	1,480,000	3,651,000
Balance at end of period	$2,708,000	$2,498,000	$2,164,000