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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Mar. 31, 2012	Apr. 30, 2012	Sep. 30, 2011
Entity Information
Entity Registrant Name	GSI TECHNOLOGY INC
Entity Central Index Key	0001126741
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Mar. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		27,396,363
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 102

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2012	Mar. 31, 2011
ASSETS
Cash and cash equivalents	$ 31,634	$ 25,952
Short-term investments	27,044	26,033
Accounts receivable, net	10,579	15,042
Inventories	16,725	21,380
Prepaid expenses and other current assets	8,108	5,575
Deferred income taxes	1,097	1,729
Total current assets	95,187	95,711
Property and equipment, net	12,806	13,545
Long-term investments	33,497	30,938
Other assets	1,627	1,723
Total assets	143,117	141,917
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	5,490	5,638
Accrued expenses and other liabilities	4,343	4,790
Deferred revenue	2,670	5,248
Total current liabilities	12,503	15,676
Income taxes payable	1,835	1,561
Total liabilities	14,338	17,237
Commitments and Contingencies (Note 6)
Stockholders’ equity:
Preferred stock: $0.001 par value authorized: 5,000,000 shares; issued and outstanding: none	0	0
Common stock: $0.001 par value authorized: 150,000,000 shares; issued and outstanding: 27,617,942 and 28,649,033 shares, respectively	28	29
Additional paid-in capital	54,402	57,063
Accumulated other comprehensive income	88	83
Retained earnings	74,261	67,505
Total stockholders’ equity	128,779	124,680
Total liabilities and stockholders’ equity	$ 143,117	$ 141,917

Consolidated Balance Sheets Parenthetical - $ / shares	Mar. 31, 2012	Mar. 31, 2011
Stockholders' Equity:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	27,617,942	28,649,033
Common stock, shares outstanding	27,617,942	28,649,033

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2010
Net revenues	$ 82,540	$ 97,763	$ 67,558
Cost of revenues	45,891	53,009	38,342
Gross profit	36,649	44,754	29,216
Operating expenses:
Research and development	10,637	10,632	9,069
Selling, general and administrative	19,356	10,722	9,534
Total operating expenses	29,993	21,354	18,603
Income from operations	6,656	23,400	10,613
Interest income, net	541	673	894
Other income (expense), net	(16)	(212)	1,071
Income before income taxes	7,181	23,861	12,578
Provision for income taxes	425	4,985	2,195
Net income	$ 6,756	$ 18,876	$ 10,383
Net income per share:
Basic	$ 0.24	$ 0.67	$ 0.38
Diluted	$ 0.23	$ 0.64	$ 0.38
Weighted average shares used in per share calculations:
Basic	28,497	28,013	27,105
Diluted	29,496	29,685	27,688

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]
Common Stock, Shares, Outstanding beginning of period at Mar. 31, 2009		26,719,537
Balance, beginning of period at Mar. 31, 2009	$ 84,705	$ 27	$ 46,202	$ 230	$ 38,246
Issuance of common stock under employee stock option plans, shares		877,369
Issuance of common stock under employee stock option plans	1,638	$ 1	1,637
Repurchase of common stock,shares		(21,783)
Repurchase of common stock	(58)		(58)
Stock-based compensation expense	1,479		1,479
Windfall tax benefit from stock option plans	612		612
Compensation income
Net income	10,383				10,383
Net unrealized gain (loss) on available-for-sale investments	(40)			(40)
Total comprehensive income	10,343
Common Stock, Shares, Outstanding end of period at Mar. 31, 2010		27,575,123
Balance, end of period at Mar. 31, 2010	98,719	$ 28	49,872	190	48,629
Issuance of common stock under employee stock option plans, shares		1,073,910
Issuance of common stock under employee stock option plans	4,598	$ 1	4,597
Repurchase of common stock,shares		0
Repurchase of common stock	0
Stock-based compensation expense	1,712		1,712
Windfall tax benefit from stock option plans	882		882
Compensation income
Net income	18,876				18,876
Net unrealized gain (loss) on available-for-sale investments	(107)			(107)
Total comprehensive income	$ 18,769
Common Stock, Shares, Outstanding end of period at Mar. 31, 2011	28,649,033	28,649,033
Balance, end of period at Mar. 31, 2011	$ 124,680	$ 29	57,063	83	67,505
Issuance of common stock under employee stock option plans, shares		307,007
Issuance of common stock under employee stock option plans	1,504	$ 0	1,504
Repurchase of common stock,shares		(1,338,098)
Repurchase of common stock	(6,337)	$ (1)	(6,336)
Stock-based compensation expense	2,096		2,096
Windfall tax benefit from stock option plans	75		75
Compensation income
Net income	6,756				6,756
Net unrealized gain (loss) on available-for-sale investments	5			5
Total comprehensive income	$ 6,761
Common Stock, Shares, Outstanding end of period at Mar. 31, 2012	27,617,942	27,617,942
Balance, end of period at Mar. 31, 2012	$ 128,779	$ 28	$ 54,402	$ 88	$ 74,261

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2010
Cash flows from operating activities:
Net income	$ 6,756	$ 18,876	$ 10,383
Adjustments to reconcile net income to net cash provided by operating activities:
Allowance for sales returns and doubtful accounts	(5)	4	(22)
Gain on bargain purchase	0	0	(1,099)
Provision for excess and obsolete inventories	696	1,132	394
Depreciation and amortization	2,611	2,794	2,196
Stock-based compensation	2,096	1,712	1,479
Deferred income taxes	632	(455)	(299)
Windfall tax benefits from stock options exercised	(75)	(882)	(612)
Amortization of bond premium on investments	1,256	811	1,000
Changes in assets and liabilities:
Accounts receivable	4,468	(5,805)	(3,597)
Inventory	3,959	(7,076)	(1,133)
Prepaid expenses and other assets	(2,599)	(1,959)	(968)
Accounts payable	(17)	(760)	3,404
Accrued expenses and other liabilities	(242)	3,023	1,995
Deferred revenue	(2,578)	1,932	580
Net cash provided by operating activities	16,958	13,347	13,701
Cash flows from investing activities:
Purchase of investments	(38,166)	(48,988)	(28,669)
Proceeds from sales and maturities of investments	33,327	35,755	37,186
Acquistion of new business	0	0	(6,327)
Purchases of property and equipment	(1,679)	(4,300)	(6,022)
Net cash used in investing activities	(6,518)	(17,533)	(3,832)
Cash flows from financing activities:
Repurchase of common stock	(6,337)	0	(58)
Windfall tax benefits from stock options exercised	75	882	612
Proceeds from issuance of common stock under employee stock plans	1,504	4,598	1,638
Net cash provided (used) by financing activities	(4,758)	5,480	2,192
Net increase in cash and cash equivalents	5,682	1,294	12,061
Cash and cash equivalents at beginning of the period	25,952	24,658	12,597
Cash and cash equivalents at end of the period	31,634	25,952	24,658
Non-cash financing activities:
Purchases of property and equipment through accounts payable and accruals	274	261	746
Supplemental cash flow information:
Cash paid for income taxes	3,256	4,827	1,229
Supplemental disclosure of investing activities:
Fair Value of Assets Acquired	0	0	8,013
Gain on bargain purchase	0	0	(1,099)
Unpaid purchase consideration	0	0	(587)
Acquistion of new business, net of gain	$ 0	$ 0	$ 6,327

The Company and Summary of Significant Accounting Policies

12 Months Ended

Mar. 31, 2012

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

GSI Technology, Inc. (the "Company") was incorporated in California in March 1995 and reincorporated in Delaware on June 9, 2004. The Company is a provider of "Very Fast" SRAM products and LLDRAM products that are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment. In addition, the Company serves the ongoing needs of the military, industrial, test equipment and medical markets for high-performance SRAMs.

Accounting principles

The consolidated financial statements and accompanying notes were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").

Basis of consolidation

The consolidated financial statements include the accounts of the Company's three wholly-owned subsidiaries, GSI Technology Holdings, Inc., GSI Technology (BVI), Inc. and GSI Technology Taiwan, Inc. All significant inter-company transactions and balances have been eliminated in consolidation.

Use of estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates are inherent in the preparation of the consolidated financial statements and include revenue recognition, obsolete and excess inventory, the valuation allowance on deferred tax assets, the valuation of equity instruments and stock-based compensation. Actual results could differ from those estimates.

Risk and uncertainties

The Company buys all of its SRAM and LLDRAM wafers, integral components of its products, from single suppliers and is also dependent on independent suppliers to assemble and test its products. During the years ended March 31, 2012, 2011 and 2010, all of the wafers used in the Company's SRAM and LLDRAM products were supplied by Taiwan Semiconductor Manufacturing Company Limited, or TSMC, and Powerchip Technology Corporation, or Powerchip, respectively. If these suppliers fail to satisfy the Company's requirements on a timely basis at competitive prices, the Company could suffer manufacturing delays, a possible loss of revenues, or higher cost of revenues, any of which could adversely affect operating results.

A majority of the Company's net revenues come from sales to customers in the networking and telecommunications equipment industry. A decline in demand in this industry could have a material adverse affect on the Company's operating results and financial condition.

Because much of the manufacturing and testing of the Company's products is conducted in Taiwan, its business performance may be affected by changes in Taiwan's political, social and economic environment. For example, any political instability resulting from the relationship among the United States, Taiwan and the People's Republic of China could damage the Company's business. Moreover, the role of the Taiwanese government in the Taiwanese economy is significant. Taiwanese policies toward economic liberalization, and laws and policies affecting technology companies, foreign investment, currency exchange rates, taxes and other matters could change, resulting in greater restrictions on the Company's and its suppliers' ability to do business and operate facilities in Taiwan. If any of these risks were to occur, the Company's business could be harmed.

Some of the Company's suppliers and the Company's two principal operations are located near fault lines. In the event of a major earthquake or other natural disaster near the facilities of any of these suppliers or the Company, the Company's business could be harmed.

From time to time, the Company is involved in legal actions. The Company currently is a party to pending legal proceedings which it is defending aggressively. See Note 6 for additional information regarding this pending litigation. There are many uncertainties associated with any litigation, and the Company may not prevail. If information becomes available that causes us to determine that a loss in any of our pending litigation, or the settlement of such litigation, is probable, and we can reasonably estimate the loss associated with such events, we will record the loss in accordance with GAAP. However, the actual liability in any such litigation may be materially different from our estimates, which could require us to record additional costs.

Revenue recognition

The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable and collectibility of the resulting receivable is reasonably assured. Under these criteria, revenue from the sale of products is generally recognized upon shipment according to the Company's shipping terms, net of accruals for estimated sales returns and allowances based on historical experience. Sales to distributors are made under agreements allowing for returns or credits. Distributors have stock rotation, price protection and ship from stock pricing adjustment rights and the Company therefore defers recognition of revenue on sales to distributors until products are resold by the distributor. The Company is unable to reasonably estimate the inventory that could be returned pursuant to the stock rotation rights. In light of possible changes to sales prices resulting from price protection and price adjustment rights granted, we are unable to reasonably estimate possible changes and the resulting sales price to the distributor is not fixed or determinable until the final sale to the end user. For sales to consignment warehouses, who purchase products from the Company for use by contract manufacturers, revenues are recognized upon delivery to the contract manufacturer.

Cash and cash equivalents

Cash and cash equivalents include cash in demand accounts and highly liquid investments purchased with an original or remaining maturity of three months or less at the date of purchase, stated at cost, which approximates their fair market value.

Short-term and long-term investments

All of the Company's short-term investments are classified as available-for-sale. Available-for-sale debt securities with maturities greater than twelve months are classified as long-term investments when they are not intended for use in current operations. Investments in available-for-sale securities are reported at fair value with unrecognized gains (losses), net of tax, as a component of "Accumulated other comprehensive income" in the Consolidated Balance Sheets. The Company monitors its investments for impairment periodically and records appropriate reductions in carrying values when the declines are determined to be other-than-temporary.

Concentration of credit risk

Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash, cash equivalents, short-term and long-term investments and accounts receivable. The Company places its cash primarily in checking, certificate of deposit, and money market accounts with reputable financial institutions. The Company's accounts receivable are derived primarily from revenue earned from customers located in the U.S. and Asia. The Company performs ongoing credit evaluations of its customers' financial condition and, generally, requires no collateral from its customers. The Company maintains an allowance for doubtful accounts receivable based upon the expected collectibility of accounts receivable. There were no write offs in the years ended March 31, 2012, 2011 or 2010.

In fiscal 2012, 2011 and 2010, sales to the Company's top 10 customers accounted for approximately 92%, 91% and 94% of net revenues, respectively. At March 31, 2012, five customers accounted for 19%, 16%, 12%, 11% and 10% of accounts receivable, and for the year then ended, four customers accounted for 20%, 20%, 11% and 11% of net revenues. At March 31, 2011, three customers accounted for 21%, 17% and 13% of accounts receivable, and for the year then ended, four customers accounted for 19%, 17%, 12% and 11% of net revenues. At March 31, 2010, five customers accounted for 16%, 14%, 13%, 13% and 12% of accounts receivable, and for the year then ended, three customers accounted for 22%, 21% and 10% of net revenues.

Inventories

Inventories are stated at the lower of cost or market value, cost being determined on a weighted average basis. Inventory write-down allowances are established when conditions indicate that the selling price could be less than cost due to physical deterioration, obsolescence, changes in price levels, or other causes. These allowances, once recorded, result in a new cost basis for the related inventory. These allowances are also considered for excess inventory generally based on inventory levels in excess of 12 months of forecasted demand, as estimated by management, for each specific product. The allowance is not reversed until the inventory is sold or disposed of.

Property and equipment, net

Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as presented below:



Software		3 to 5 years
Computer and other and equipment		5 years
Building and building improvements		10 to 25 years
Furniture and fixtures		7 years

Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful lives of the assets or the remaining lease term of the respective assets. Gains or losses on disposals of property and equipment are recorded within income from operations. Costs of repairs and maintenance are typically included as part of operating expenses unless they are incurred in relation to major improvements to existing property and equipment, at which time they are capitalized.

Impairment of long-lived assets

Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that their net book value may not be recoverable. If the sum of the expected future cash flows (undiscounted and before interest) from the use of the assets is less than the net book value of the asset an impairment exists and the amount of the impairment loss, if any, will generally be measured as the difference between net book value of the assets and their estimated fair values. There were no impairment losses recognized during the years ended March 31, 2012, 2011 or 2010.

Intangible Assets

Intangible assets are amortized over their estimated useful lives, generally on a straight-line basis over five to nine years. The Company reviews identifiable amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Determination of recoverability is based on the lowest level of identifiable estimated undiscounted cash flows resulting from use of the asset and its eventual disposition. Measurement of any impairment loss is based on the excess of the carrying value of the asset over its fair value.

Research and development

Research and development expenses are related to new product designs, including, salaries, stock-based compensation, contractor fees, and allocation of corporate costs and are charged to the statement of operations as incurred.

Income taxes

The Company accounts for income taxes under the liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. Valuation allowances are established when it is more likely than not that the deferred tax asset will not be realized.

Authoritative guidance prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the company has taken or expects to take on a tax return (including a decision whether to file or not to file a return in a particular jurisdiction). Under the guidance, the financial statements will reflect expected future tax consequences of such positions presuming the taxing authorities' full knowledge of the position and all relevant facts, but without considering time values. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation process, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement.

Shipping and handling costs

The Company records costs related to shipping and handling in cost of revenues.

Advertising expense

Advertising costs are charged to expense in the period incurred. Advertising expense was $8,000, $6,000 and $7,000 for the years ended March 31, 2012, 2011, and 2010, respectively.

Foreign currency transactions

The U.S. dollar is the functional currency for all of the Company's foreign operations. Foreign currency transaction gains and losses, resulting from transactions denominated in currencies other than U.S. dollars are included in the statements of operations. These gains and losses were not material for the years ended March 31, 2012, 2011 or 2010.

Segments

The Company operates in one segment for the design, development and sale of integrated circuits.

Accounting for stock-based compensation

Under authoritative guidance, stock-based compensation expense recognized in the statement of operations is based on options ultimately expected to vest, reduced by the amount of estimated forfeitures. The Company chose the straight-line method of allocating compensation cost over the requisite service period of the related award according to authoritative guidance. The Company calculated the expected term based on the historical average period of time that options were outstanding as adjusted for expected changes in future exercise patterns, which, for options granted in fiscal 2012, 2011 and 2010 resulted in an expected term of approximately five years. The Company based its estimate of expected volatility on the estimated volatility of similar entities whose share prices are publicly available. The risk-free interest rate is based on the U.S. Treasury yields in effect at the time of grant for periods corresponding to the expected life of the options. The dividend yield is 0%, based on the fact that the Company has never paid dividends and has no present intention to pay dividends. Changes to these assumptions may have a significant impact on the results of operations.

Authoritative guidance requires cash flows, if any, resulting from the tax benefits from tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) to be classified as financing cash flows.

Comprehensive income

Comprehensive income is defined to include all changes in equity during a period except those resulting from investments by owners and distributions to owners. For the years ended March 31, 2012, 2011 and 2010, comprehensive income was $6,761,000, $18,769,000 and $10,343,000, respectively.

Recent accounting pronouncements

In June 2011, the Financial Accounting Standards Board ("FASB") amended its guidance on the presentation of comprehensive income. Under the amended guidance, an entity has the option to present comprehensive income in either one continuous statement or two consecutive financial statements. A single statement must present the components of net income and total net income, the components of other comprehensive income and total other comprehensive income, and a total for comprehensive income. In a two-statement approach, an entity must present the components of net income and total net income in the first statement. That statement must be immediately followed by a financial statement that presents the components of other comprehensive income, a total for other comprehensive income, and a total for comprehensive income. The entity is also required to present on the face of its financial statements reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statement(s) where the components of net income and the components of other comprehensive income are presented. The option under previous guidance that permits the presentation of components of other comprehensive income as part of the statement of changes in stockholders' equity has been eliminated. In December 2011, the FASB further amended its guidance to defer changes related to the presentation of reclassification adjustments indefinitely as a result of concerns raised by stakeholders that the new presentation requirements would be difficult for preparers and add unnecessary complexity to financial statements. The amendment (other than the portion regarding the presentation of reclassification adjustments which, as noted above, has been deferred indefinitely) becomes effective during the first quarter of the Company's fiscal year ending March 31, 2013. Early adoption is permitted. The amendment will impact the presentation of the consolidated financial statements but will not impact the Company's consolidated financial position, results of operations or cash flows.

In May 2011, the FASB amended its guidance to converge fair value measurement and disclosure guidance about fair

value measurement under GAAP with International Financial Reporting Standards ("IFRS"). IFRS is a comprehensive series of accounting standards published by the International Accounting Standards Board. The amendment changes the wording used to describe many of the requirements in GAAP for measuring fair value and for disclosing information about fair value measurements. For many of the requirements, the FASB does not intend for the amendment to result in a change in the application of the requirements in the current authoritative guidance. The amendment became effective prospectively for the Company's interim reporting period ended March 31, 2012. Implementation of the amendment did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.

In January 2010, the FASB issued authoritative guidance for fair value measurements. This guidance now requires a reporting entity to disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and also to describe the reasons for these transfers. This authoritative guidance also requires enhanced disclosure of activity in Level 3 fair value measurements. The guidance for Level 1 and Level 2 fair value measurements became effective for the Company's fiscal year ended March 31, 2010, and the guidance for Level 3 fair value measurement disclosures became effective for the Company's interim reporting period ended June 30, 2011. Implementation of this guidance did not have an impact on the Company's consolidated financial position, results of operations or cash flows as it is disclosure-only in nature.

- Definition

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References + Details

Net Income Per Common Share

12 Months Ended

Mar. 31, 2012

NET INCOME PER COMMON SHARE [Abstract]

Earnings Per Share

NET INCOME PER COMMON SHARE

The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net income per share. The following table sets forth the computation of basic and diluted net income per share:



	Year Ended March 31,
	2012		2011		2010
	(In thousands, except per share amounts)

Net income	$	6,756	$	18,876	$	10,383

Denominators:
Weighted average shares—Basic	28,497		28,013		27,105
Dilutive effect of employee stock options	998		1,661		567
Dilutive effect of employee stock purchase plan options	1		11		16
Weighted average shares—Dilutive	29,496		29,685		27,688
Net income per common share—Basic	$	0.24	$	0.67	$	0.38
Net income per common share—Diluted	$	0.23	$	0.64	$	0.38

The following shares of common stock underlying outstanding stock options, determined on a weighted average basis, were excluded from the computation of diluted net income per share as they had an anti-dilutive effect:



	Year Ended March 31,
	2012	2011	2010
	(In thousands)
Shares underlying options	1,388	416	3,633

Balance Sheet Detail

12 Months Ended

Mar. 31, 2012

BALANCE SHEET DETAIL [Abstract]

Supplemental Balance Sheet Disclosures

BALANCE SHEET DETAIL



	March 31,
	2012		2011
	(In thousands)
Inventories:
Work-in-progress	$	6,163	$	10,612
Finished goods	9,832		9,345
Inventory at distributors	730		1,423
	$	16,725	$	21,380



	March 31,
	2012			2011
	(In thousands)
Accounts receivable, net:
Accounts receivable	$	10,679		$	15,147
Less: Allowances for sales returns, doubtful accounts and other	(100		)	(105		)
	$	10,579		$	15,042



	March 31,
	2012		2011
	(In thousands)
Prepaid expenses and other current assets:
Prepaid tooling and masks	$	2,310	$	2,470
Prepaid income taxes	4,287		1,350
Other receivables	608		904
Other prepaid expenses	903		851
	$	8,108	$	5,575



	March 31,
	2012			2011
	(In thousands)
Property and equipment, net:
Computer and other equipment	$	16,235		$	14,638
Software	4,497			4,442
Land	3,900			3,900
Building and building improvements	2,256			2,249
Furniture and fixtures	110			110
Leasehold improvements	762			738
Construction in progress	201			201
	27,961			26,278
Less: Accumulated depreciation and amortization	(15,155		)	(12,733		)
	$	12,806		$	13,545

Depreciation and amortization expense was $2,611,000, $2,794,000 and $2,196,000 for the years ended March 31, 2012, 2011 and 2010, respectively.



	March 31,
	2012		2011
	(In thousands)
Other Assets:
Non-current deferred income taxes	$	619	$	535
Intangibles, net	925		1,105
Deposits	83		83
	$	1,627	$	1,723

The following table summarizes the components of intangible assets and related accumulated amortization balances at March 31, 2012 (in thousands):



	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets:
Product designs	$	590	$	(218	)	$	372
Patents	720		(206		)	514
Software	80		(41		)	39
Total	$	1,390	$	(465	)	$	925

Amortization of intangible assets of $180,000 was included in cost of revenues for the year ended March 31, 2012.

As of March 31, 2012, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands):



Year Ending March 31,	Estimated Amortization
2013	$	180
2014	180
2015	171
2016	165
2017	115
Thereafter	114
Total	$	925



	March 31,
	2012		2011
	(In thousands)
Accrued expenses and other liabilities:
Accrued compensation	$	1,636	$	1,844
Accrued acquisition payments	—		347
Accrued professional fees	1,233		4
Accrued commissions	332		456
Accrued royalties	24		25
Accrued income taxes	203		790
Accrued equipment and software costs	131		51
Other accrued expenses	784		1,273
	$	4,343	$	4,790

Income Taxes

12 Months Ended

Mar. 31, 2012

INCOME TAXES [Abstract]

Income Tax Disclosure

INCOME TAXES

Income before income taxes and income tax expense consist of the following:



	Year Ended March 31,
	2012			2011			2010
	(In thousands)
Income (loss) before income taxes:
U.S	$	(438	)	$	11,699		$	6,595
Foreign	7,619			12,162			5,983
	$	7,181		$	23,861		$	12,578
Current income tax expense:
U.S. federal	$	(108	)	$	4,985		$	2,162
Foreign	(123		)	267			11
State	91			503			466
	(140		)	5,755			2,639
Deferred income tax expense:
U.S. federal	643			(851		)	(223		)
State	(78		)	81			(221		)
	565			(770		)	(444		)
	$	425		$	4,985		$	2,195

Income tax expense differs from the amount of income tax determined by applying the applicable U.S. statutory income tax rate to pre-tax income as follows:



	Year Ended March 31,
	2012			2011			2010
	(In thousands)
U.S. Federal taxes at statutory rate	$	2,440		$	8,153		$	4,278
State taxes, net of federal benefit	(48		)	448			127
Stock-based compensation	502			212			319
Tax credits	(238		)	(333		)	(340		)
Foreign tax rate differential	(2,167		)	(3,441		)	(1,701		)
Tax exempt interest	(48		)	(47		)	(136		)
Gain on bargain purchase	—			—			(374		)
Other	(16		)	(7		)	22
	$	425		$	4,985		$	2,195

Deferred tax assets and deferred tax liabilities consist of the following:



	March 31,
	2012			2011
	(In thousands)
Deferred tax assets:
Deferred revenue	$	211		$	897
Tax credits	230			—
Property and equipment	1			32
Stock-based compensation	905			695
Other reserves and accruals	895			849
Total deferred tax assets	2,242			2,473
Deferred tax liabilities:
Property and equipment	$	(500	)	$	(166	)
Unrecognized gains	(26		)	(43		)
Total deferred tax liabilities	$	(526	)	$	(209	)
Net deferred tax assets	$	1,716		$	2,264

U.S. income taxes and withholding taxes have not been provided on a cumulative total of $33.6 million of undistributed earnings for certain non-U.S. subsidiaries. The Company currently intends to reinvest these earnings in operations outside the U.S. No provision has been made for taxes that might be payable upon remittance of such earnings, nor is it practicable to determine the amount of such potential liability.

The current portion of the Company's unrecognized tax benefits at March 31, 2012 and 2011 was $599,000 and $532,000, respectively. The long-term portion at March 31, 2012 and 2011 was $1,835,000 and $1,561,000, respectively, of which the timing of the resolution is uncertain. As of March 31, 2012, $901,000 of unrecognized tax benefits had been recorded as a reduction to net deferred tax assets. It is possible, however, that some months or years may elapse before an uncertain position for which the Company has established a reserve is resolved. A reconciliation of unrecognized tax benefits is as follows:



	Year Ended March 31,
	2012			2011			2010
	(In thousands)
Unrecognized tax benefits, beginning of period	$	2,312		1,616			$	1,107
Additions based on tax positions related to current year	649			769			422
Additions based on tax positions related to prior years	252			32			230
Lapses during the current year applicable to statutes of limitations	(104		)	(105		)	(143		)
Unrecognized tax benefits, end of period	$	3,109		$	2,312		$	1,616

The unrecognized tax benefit balance as of March 31, 2012 of $3,109,000 would affect the Company's effective tax rate if recognized.

Management believes that it is reasonably possible that within the next twelve months the Company could have a reduction in uncertain tax benefits of up to $743,000, including interest and penalties, related to positions taken with respect to credits and loss carryforwards on previously filed tax returns as the result of the possible conclusion of a pending tax controversy process.

The Company's policy is to include interest and penalties related to unrecognized tax benefits within the provision for income taxes in the Consolidated Statements of Operations.

The Company is subject to taxation in the U.S. and various state and foreign jurisdictions. Fiscal years 2009 through 2012 remain open to examination by the federal tax authorities and fiscal years 2006 through 2012 remain open to examination by most state tax authorities. The Company has ongoing tax examinations by the California Franchise Tax Board.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Financial Instruments

12 Months Ended

Mar. 31, 2012

FINANCIAL INSTRUMENTS [Abstract]

Financial Instruments Disclosure

FINANCIAL INSTRUMENTS

Fair value measurements

Authoritative accounting guidance for fair value measurements provides a framework for measuring fair value and related disclosure. The guidance applies to all financial assets and financial liabilities that are measured on a recurring basis. The guidance requires fair value measurement to be classified and disclosed in one of the following three categories:

Level 1: Valuations based on quoted prices in active markets for identical assets and liabilities. The fair value of available-for-sale securities included in the Level 1 category is based on quoted prices that are readily and regularly available in an active market. As of March 31, 2012, the Level 1 category included money market funds of $11.3 million, which were included in cash and cash equivalents in the Consolidated Balance Sheet.

Level 2: Valuations based on observable inputs (other than Level 1 prices), such as quoted prices for similar assets at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly. The fair value of available-for-sale securities included in the Level 2 category is based on the market values obtained from an independent pricing service that were evaluated using pricing models that vary by asset class and may incorporate available trade, bid and other market information and price quotes from well established independent pricing vendors and broker-dealers. As of March 31, 2012, the Level 2 category included short-term investments of $27.0 million and long term-investments of $33.5 million, which were primarily comprised of certificates of deposit, corporate debt securities and government and agency securities.

Level 3: Valuations based on inputs that are unobservable and involve management judgment and the reporting entity's own assumptions about market participants and pricing. As of March 31, 2012, the Company had no Level 3 financial assets measured at fair value in the Consolidated Balance Sheet.

Short-term and long-term investments

All of the Company's short-term and long-term investments are classified as available-for-sale. Available-for-sale debt securities with maturities greater than twelve months are classified as long-term investments when they are not intended for use in current operations. Investments in available-for-sale securities are reported at fair value with unrecognized gains (losses), net of tax, as a component of accumulated other comprehensive income in the Condensed Consolidated Balance Sheets. The Company had money market funds of $11.3 million and $10.6 million at March 31, 2012 and March 31, 2011, respectively, included in cash and cash equivalents in the Condensed Consolidated Balance Sheet. The Company monitors its investments for impairment periodically and records appropriate reductions in carrying values when the declines are determined to be other-than-temporary.

The following table summarizes the Company's available-for-sale investments:



	March 31, 2012
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Short-term investments:
State and municipal obligations	$	14,261	$	18	$	—		$	14,279
Corporate notes	3,037		4		—			3,041
Certificates of deposit	9,705		19		—			9,724
Total short-term investments	$	27,003	$	41	$	—		$	27,044
Long-term investments:
State and municipal obligations	$	15,992	$	26	$	—		$	16,018
Corporate notes	6,201		11		—			6,212
Certificates of deposit	8,473		52		—			8,525
Other	2,758		—		(16		)	2,742
Total long-term investments	$	33,424	$	89	$	(16	)	$	33,497



	March 31, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Short-term investments:
State and municipal obligations	$	10,363	$	30	$	—		$	10,393
Corporate notes	10,633		33		—			10,666
Certificates of deposit	4,960		14		—			4,974
Total short-term investments	$	25,956	$	77	$	—		$	26,033
Long-term investments:
State and municipal obligations	$	22,872	$	—	$	(16	)	$	22,856
Corporate notes	2,337		—		(12		)	2,325
Certificates of deposit	5,680		77		—			5,757
Total long-term investments	$	30,889	$	77	$	(28	)	$	30,938

The Company's investment portfolio consists of both corporate and governmental securities that have a maximum maturity of three years. All unrealized losses are due to changes in interest rates and bond yields. The Company has the ability to realize the full value of all these investments upon maturity.

At March 31, 2012, the deferred tax liability related to unrecognized gains and losses on short-term and long-term investments was $26,000. At March 31, 2011, the deferred tax liability related to unrecognized gains and losses on short-term and long-term investments was $40,000.

As of March 31, 2012, contractual maturities of the Company's available-for-sale non-equity investments were as follows:



	Cost		Fair Value
	(In thousands)
Maturing within one year	$	27,003	$	27,044
Maturing in one to three years	33,424		33,497
Maturing in more than three years	—		—
	$	60,427	$	60,541

Commitments and Contingencies

12 Months Ended

Mar. 31, 2012

COMMITMENTS AND CONTINGENCIES [Abstract]

Commitments and Contingencies Disclosure

COMMITMENTS AND CONTINGENCIES

Operating leases

The Company leases office space and equipment under noncancelable operating leases with various expiration dates through August 2013. Rent expense for the years ended March 31, 2012, 2011 and 2010 was $371,000, $420,000 and $613,000, respectively. The terms of the facility leases provide for rental payments on a graduated scale. The Company recognizes rent expense on a straight-line basis over the lease period, and has accrued for rent expense incurred but not paid.

Future minimum lease payments under noncancelable operating leases with remaining lease terms in excess of one year at March 31, 2012 are as follows:



Fiscal Year Ending March 31,	Operating Leases
	(In thousands)
2013	$	167
2014	12
2015	—
2016	—
2017	—
Thereafter	—
Total	$	179

Royalty obligations

The Company has license agreements that require it to pay royalties on the sale of products using the licensed technology. Royalty expense for the years ended March 31, 2012, 2011 and 2010 was $61,000, $75,000 and $71,000, respectively, and was included within cost of revenues.

Indemnification obligations

The Company is a party to a variety of agreements pursuant to which it may be obligated to indemnify the other party with respect to certain matters. Typically, these obligations arise in the context of contracts entered into by the Company, under which the Company customarily agrees to hold the other party harmless against losses arising from a breach of representations and covenants related to such matters as title to assets sold and certain intellectual property rights. In each of these circumstances, payment by the Company is conditioned on the other party making a claim pursuant to the procedures specified in the particular contract, which procedures typically allow the Company to challenge the other party's claims. Further, the Company's obligations under these agreements may be limited in terms of time and/or amount, and in some instances, the Company may have recourse against third parties for certain payments made by it under these agreements.

It is not possible to predict the maximum potential amount of future payments under these or similar agreements due to the conditional nature of the Company's obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements did not have a material effect on its business, financial condition, cash flows or results of operations. The Company believes that if it were to incur a loss in any of these matters, such loss should not have a material effect on its business, financial condition, cash flows or results of operations.

Product warranties

The Company warrants its products to be free of defects generally for a period of three years. The Company estimates its warranty costs based on historical warranty claim experience and includes such costs in cost of revenues. Warranty costs were not significant for the years ended March 31, 2012, 2011 or 2010.

Legal proceedings

In March 2011, Cypress Semiconductor Corporation, a semiconductor manufacturer, filed a lawsuit against the Company in the United States District Court for the District of Minnesota alleging that the Company's products, including its Sigma DDR and Sigma Quad families of Fast SRAMs, infringe five patents held by Cypress. The complaint seeks unspecified damages for past infringement and a permanent injunction against future infringement. On June 10, 2011, Cypress filed a complaint against the Company with the United States International Trade Commission (the “ITC”). The ITC complaint, as subsequently amended, alleges infringement by the Company of three of the five patents involved in the District Court case and one additional patent and also alleges infringement by three of our distributors and 11 of our customers who allegedly incorporate our SRAMs in their products. The ITC complaint seeks a limited exclusion order excluding the allegedly infringing SRAMs, and products containing them, from entry into the United States and permanent orders directing the Company and the other respondents to cease and desist from selling or distributing such products in the United States. On July 21, 2011, the ITC formally instituted an investigation in response to Cypress's complaint. Two of the distributor-respondents and ten of the customer-respondents were subsequently dismissed from the investigation. The evidentiary hearing took place during the week of March 12, 2012, and the initial determination of the administrative law judge will be issued on or before July 28, 2012. The District Court case has been stayed pending the conclusion of the ITC proceeding. The Company believes that it has strong defenses against Cypress's patent infringement claims and intends to continue to defend itself vigorously in both proceedings. However, the litigation process is inherently uncertain, and the Company may not prevail. Patent litigation is particularly complex and can extend for a protracted period of time, which can substantially increase the cost of such litigation. The Company has not recorded any loss contingency during fiscal 2011 or fiscal 2012 in connection with these legal proceedings as the Company cannot predict their outcome and cannot estimate the likelihood or potential dollar amount of any adverse results. However, an unfavorable outcome in this case could have a material adverse impact on the Company's financial position, results of operations or cash flows for the period in which the outcome occurs and in future periods.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

Common Stock	12 Months Ended
Common Stock	Mar. 31, 2012
COMMON STOCK [Abstract]
Stockholders' Equity Note Disclosure	COMMON STOCK The Company's Certificate of Incorporation, as amended, authorizes the Company to issue 150,000,000 shares of $0.001 par value common stock. On November 6, 2008, the Company's Board of Directors authorized the repurchase, at management's discretion, of up to $10 million of the Company's common stock. On January 26, 2012, the Company's Board of Directors adopted a new program authorizing the repurchase of up to an additional $10 million of common stock. Under the expanded repurchase program, the Company may repurchase shares from time to time on the open market or in private transactions. The specific timing and amount of the repurchases will be dependent on market conditions, securities law limitations and other factors. The repurchase program may be suspended or terminated at any time without prior notice. Through March 31, 2012, the Company has repurchased a total of 2,820,060 shares at an average cost of $3.72 per share for a total cost of $10.5 million.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Article 3

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph d

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 1
-Section B
-Paragraph 7, 11A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770

+ Details

Stock Option Plans

12 Months Ended

Mar. 31, 2012

STOCK OPTION PLANS [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments

STOCK BASED COMPENSATION

The 2000 Stock Option Plan

In February 2001, the Company adopted the 2000 Stock Option Plan (the "2000 Plan"). The 2000 Plan provided for the granting of stock options and stock purchase rights to employees, consultants and directors of the Company. Options granted under the 2000 Plan could be either incentive stock options ("ISOs") or nonstatutory stock options ("NSOs"). In December 2006, the Company's board of directors authorized an additional 500,000 shares of the Company's common stock to be reserved for issuance under the 2000 Plan. As of March 31, 2008, the Company had reserved 3,500,000 shares of common stock for issuance under the 2000 Plan.

Options under the 2000 Plan could be granted for periods of up to ten years. However, in the case of ISOs granted to an optionee who, at the time the option was granted, owned stock representing more than 10% of the voting power of all classes of stock of the Company, the maximum term of an option was five years from the date of grant. The exercise price of an ISO or NSO could not be less than 100% and 85% of the estimated fair value of the shares as determined by the board of directors on the date of grant, respectively. However the exercise price of an ISO or NSO granted to a 10% or greater stockholder could not be less than 110% of the estimated fair value of the shares on the date of grant.

The 2007 Equity Incentive Plan

In January 2007, the Company's board of directors approved the 2007 Equity Incentive Plan, (the "Equity Plan"), which was subsequently approved by the Company's stockholders in March 2007. A total of 3,000,000 shares of common stock were authorized and reserved for issuance under the Equity Plan. This reserve automatically increases on April 1 of each year through 2017 by an amount equal to the smaller of (a) five percent of the number of shares of common stock issued and outstanding on the immediately preceding March 31, or (b) a lesser amount determined by the board of directors. Appropriate adjustments will be made in the number of authorized shares and other numerical limits in the Equity Plan and in outstanding awards to prevent dilution or enlargement of participants' rights in the event of a stock split or other change in the Company's capital structure. Shares subject to awards which expire or are cancelled or forfeited will again become available for issuance under the Equity Plan. The shares available will not be reduced by awards settled in cash or by shares withheld to satisfy tax withholding obligations. Only the net number of shares issued upon the exercise of stock appreciation rights or options exercised by means of a net exercise or by tender of previously owned shares will be deducted from the shares available under the Equity Plan.

To enable compensation provided in connection with certain types of awards intended to qualify as “performance-based” within the meaning of Section 162(m) of the Internal Revenue Code, the Equity Plan establishes limits on the maximum aggregate number of shares or dollar value for which awards may be granted to an employee in any fiscal year, as follows:


•	No more than 300,000 shares subject to stock options and stock appreciation rights.


•	No more than 100,000 shares subject to restricted stock and restricted stock unit awards.


•	For each full fiscal year of the Company contained in the performance period of the award, no more than 50,000 shares subject to performance share awards and other stock-based awards or more than $500,000 subject to performance unit awards and other cash-based awards.

In addition, to comply with applicable tax rules, the Equity Plan also limits the number of shares that may be issued upon the exercise of ISOs granted under the Equity Plan to 3,000,000, cumulatively increased on April 1 of each subsequent year through 2017, by an amount equal to the smallest of (a) five percent of the number of shares of common stock issued and outstanding on the immediately preceding March 31, (b) 1,500,000 shares, or (c) a lesser amount determined by the board of directors.

Upon the adoption of the Equity Plan in March 2007, the 2000 Plan was terminated, no further options were granted under the 2000 Plan, the 535,597 shares that remained reserved for grant under the 2000 Plan were cancelled, and all subsequent grants of stock options were made pursuant to the Equity Plan.

Awards may be granted under the Equity Plan to the Company's employees, including officers, directors, or consultants or those of any present or future parent or subsidiary corporation or other affiliated entity. To date, options granted to non-officer employees generally vest 25% on the first anniversary and subsequent anniversaries of the date of grant, while grants to officers vest in full four years after the anniversary date of the officer's employment that is closest to the date of grant. While the Company may grant ISOs only to employees, the Company may grant NSOs, stock appreciation rights, restricted stock purchase rights or bonuses, restricted stock units, performance shares, performance units and cash-based awards or other stock-based awards to any eligible participant. Non-employee director awards may be granted only to members of the Company's board of directors who, at the time of grant, are not employees. Deferred compensation awards may be granted only to officers, directors and selected members of management or highly compensated employees.

Only members of the board of directors who are not employees at the time of grant are eligible to participate in the nonemployee director awards component of the Equity Plan. The board or the compensation committee shall set the amount and type of nonemployee director awards to be awarded on a periodic, non-discriminatory basis. Nonemployee director awards may be granted in the form of NSOs, stock appreciation rights, restricted stock awards and restricted stock unit awards. Subject to adjustment for changes in the Company's capital structure, no nonemployee director may be awarded, in any fiscal year, one or more nonemployee director awards for more than 2,000 shares. However, the annual limit may be increased by the following additions: (i) an additional 10,000 shares in the fiscal year in which the nonemployee director is first appointed or elected to the board, (ii) an additional 2,000 shares in any fiscal year in which the nonemployee director is serving as the chairman or lead director of the board, (iii) an additional 1,000 shares in any fiscal year for each committee of the board on which the nonemployee director is then serving other than as chairman of the committee, and (iv) an additional 2,000 shares in any fiscal year for each committee of the board on which the nonemployee director is then serving as chairman of the committee.

In the event of a change in control as described in the Equity Plan, the acquiring or successor entity may assume or continue all or any awards outstanding under the Equity Plan or substitute substantially equivalent awards. Any awards which are not assumed or continued in connection with a change in control or exercised or settled prior to the change in control will terminate effective as of the time of the change in control. The administrator may provide for the acceleration of vesting of any or all outstanding awards upon such terms and to such extent as it determines, except that the vesting of all nonemployee director awards will automatically be accelerated in full. The Equity Plan also authorizes the administrator, in its discretion and without the consent of any participant, to cancel each or any outstanding award denominated in shares upon a change in control in exchange for a payment to the participant with respect to each vested share subject to the cancelled award of an amount equal to the excess of the consideration to be paid per share of common stock in the change in control transaction over the exercise price per share, if any, under the award.

The 2007 Employee Stock Purchase Plan

In January 2007, the board of directors approved the 2007 Employee Stock Purchase Plan (the "2007 Purchase Plan") which was subsequently approved by the Company's stockholders in March 2007. A total of 500,000 shares of the Company's common stock was authorized and reserved for sale under the 2007 Purchase Plan. In addition, the 2007 Purchase Plan provides for an automatic annual increase in the number of shares available for issuance under the plan on April 1 of each year beginning in 2008 and continuing through and including April 1, 2017 equal to the lesser of (1) one percent of the number of issued and outstanding shares of common stock on the immediately preceding March 31, (2) 250,000 shares or (3) a number of shares as the board of directors may determine. Appropriate adjustments will be made in the number of authorized shares and in outstanding purchase rights to prevent dilution or enlargement of participants' rights in the event of a stock split or other change in our capital structure. Shares subject to purchase rights which expire or are canceled will again become available for issuance under the 2007 Purchase Plan.

The Company's employees and employees of any parent or subsidiary corporation designated by the administrator will be eligible to participate in the 2007 Purchase Plan if they are customarily employed by us for more than 20 hours per week and more than five months in any calendar year. However, an employee may not be granted a right to purchase stock under the 2007 Purchase Plan if: (1) the employee immediately after such grant would own stock possessing 5% or more of the total combined voting power or value of all classes of our capital stock or of any parent or subsidiary corporation, or (2) the employee's rights to purchase stock under all of our employee stock purchase plans would accrue at a rate that exceeds $25,000 in value for each calendar year of participation in such plans.

The 2007 Purchase Plan is designed to be implemented through a series of sequential offering periods, generally six (6) months in duration beginning on the first trading day on or after May 1 and November 1 of each year. The administrator is authorized to establish additional or alternative sequential or overlapping offering periods and offering periods having a different duration or different starting or ending dates, provided that no offering period may have a duration exceeding 27 months.

Amounts accumulated for each participant under the 2007 Purchase Plan are used to purchase shares of the Company's common stock at the end of each offering period at a price generally equal to 85% of the lower of the fair market value of our common stock at the beginning of an offering period or at the end of the offering period. Prior to commencement of an offering period, the administrator is authorized to reduce, but not increase, this purchase price discount for that offering period, or, under circumstances described in the 2007 Purchase Plan, during that offering period. The maximum number of shares a participant may purchase in any six-month offering period is the lesser of (i) that number of shares determined by multiplying (x) 1,000 shares by (y) the number of months (rounded to the nearest whole month) in the offering period and rounding to the nearest whole share or (ii) that number of whole shares determined by dividing (x) the product of $2,083.33 and the number of months (rounded to the nearest whole month) in the offering period and rounding to the nearest whole dollar by (y) the fair market value of a share of our common stock at the beginning of the offering period. Prior to the beginning of any offering period, the administrator may alter the maximum number of shares that may be purchased by any participant during the offering period or specify a maximum aggregate number of shares that may be purchased by all participants in the offering period. If insufficient shares remain available under the plan to permit all participants to purchase the number of shares to which they would otherwise be entitled, the administrator will make a pro rata allocation of the available shares. Any amounts withheld from participants' compensation in excess of the amounts used to purchase shares will be refunded, without interest.

In the event of a change in control, an acquiring or successor corporation may assume our rights and obligations under the 2007 Purchase Plan. If the acquiring or successor corporation does not assume such rights and obligations, then the purchase date of the offering periods then in progress will be accelerated to a date prior to the change in control.

The following table summarizes stock option activities:



	Shares Available for Grant		Number of Shares Underlying Options Outstanding		Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Intrinsic Value
Balance at March 31, 2009	3,023,388		4,980,737			$	3.78
Options reserved	1,335,977		—			—
Granted	(1,352,338	)	1,352,338			3.84
Exercised	—		(816,686	)		1.80		$	1,866,429
Forfeited	20,595		(112,244	)		4.26
Balance at March 31, 2010	3,027,622		5,404,145			4.08
Options reserved	1,378,756					—
Granted	(721,273	)	721,273			7.13
Exercised	—		(983,510	)		4.30		3,500,209
Forfeited	50,930		(76,430	)		4.50
Balance at March 31, 2011	3,736,035		5,065,478			4.46
Options reserved	1,432,452					—
Granted	(854,423	)	854,423			5.81
Exercised	—		(225,789	)		4.87		403,038
Forfeited	47,400		(67,964	)		5.53
Balance at March 31, 2012	4,361,464		5,626,148			$	4.64
Options vested and exercisable			3,217,259		4.91	$	4.20	$	1,881,949
Options vested and expected to vest			5,554,500		6.31	$	4.63	$	2,496,682

The options outstanding and by exercise price at March 31, 2012 are as follows:



		Options Outstanding			Options Exercisable
Exercise Price	Number of Shares Underlying Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Number Vested and Exercisable	Weighted Average Exercise Price
$2.10 - 2.43	628,673	$	2.20	3.02	527,171	$	2.16
$2.49 - 3.38	563,881	$	3.19	6.42	407,107	$	3.12
$3.43 - 3.76	590,467	$	3.52	6.09	308,739	$	3.57
$3.81 - 3.94	38,000	$	3.87	6.96	38,000	$	3.87
$4.00	789,738	$	4.00	6.64	430,130	$	4.00
$4.20 - 4.90	626,475	$	4.53	7.02	333,535	$	4.32
$4.92 - 5.40	147,670	$	4.96	9.11	11,000	$	5.40
$5.50	883,208	$	5.50	4.63	883,208	$	5.50
$5.75 - 6.28	580,083	$	6.04	7.63	164,632	$	5.77
$6.54 - 9.20	777,953	$	7.21	8.75	113,737	$	7.26
	5,626,148			6.34	3,217,259

Stock-based compensation

The Company recognized $2,096,000, $1,712,000 and $1,479,000 of stock-based compensation expense for the years ended March 31, 2012, 2011 and 2010, respectively, as follows:



	Year Ended March 31,
	2012		2011		2010
	(In thousands)
Cost of revenues	$	321	$	300	$	291
Research and development	1,061		834		686
Selling, general and administrative	714		578		502
Total	$	2,096	$	1,712	$	1,479

Stock-based compensation expense in the years ended March 31, 2012, 2011 and 2010 included $156,000, $146,000 and $71,000, respectively, related to the Company's Employee Stock Purchase Plan.

The Company recognized related income tax benefits of $210,000, $158,000 and $183,000 in the years ended March 31, 2012, 2011 and 2010, respectively. Windfall tax benefits realized from exercised stock options were $75,000, $882,000 and $612,000 during the fiscal years ended March 31, 2012, 2011 and 2010, respectively. Compensation cost capitalized within inventory at March 31, 2012 was insignificant. As of March 31, 2012, the Company's total unrecognized compensation cost was $4.0 million, which will be recognized over the weighted average period of 2.00 years. The Company calculated the fair value of stock based awards in the periods presented using the Black-Scholes option pricing model and the following weighted average assumptions:



	Year Ended March 31,
Stock Option Plans:	2012		2011		2010
Risk-free interest rate	0.90 - 1.89%		1.49 - 2.29%		2.23 - 2.47%
Expected life (in years)	5.00		5.00		5.00
Volatility	50.8 - 53.8%		49.9 - 50.7%		48.1 - 48.6%
Dividend yield	—	%	—	%	—	%
Employee Stock Purchase Plan:
Risk-free interest rate	0.05 - 0.07%		0.19 - 0.23%		0.17 - 0.29%
Expected life (in years)	0.50		0.50		0.50
Volatility	43.9 - 52.1%		52.3 - 73.6%		41.4 - 52.3%
Dividend yield	—	%	—	%	—	%

The weighted average fair value of options granted during the years ended March 31, 2012, 2011 and 2010 was $2.66, $3.23 and $1.70, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

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+ Details

Segment and Geographic Information

12 Months Ended

Mar. 31, 2012

SEGMENT AND GEOGRAPHIC INFORMATION [Abstract]

Segment Reporting Disclosure

SEGMENT AND GEOGRAPHIC INFORMATION

Based on its operating management and financial reporting structure, the Company has determined that it has one reportable business segment: the design, development and sale of integrated circuits.

The following is a summary of net revenues by geographic area based on the location to which product is shipped:



	Year Ended March 31,
	2012		2011		2010
	(In thousands)
United States	$	19,434	$	28,993	$	20,998
China	17,974		22,114		15,373
Malaysia	27,048		24,805		18,160
Singapore	10,971		12,819		7,934
Rest of the world	7,113		9,032		5,093
	$	82,540	$	97,763	$	67,558

All sales are denominated in United States dollars.

The locations and net book value of long-lived assets are as follows:



	March 31,
	2012		2011
	(In thousands)
United States	$	9,388	$	9,046
Taiwan	3,418		4,499
	$	12,806	$	13,545

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Acquisition

12 Months Ended

Mar. 31, 2012

ACQUISITION [Abstract]

Business Combination Disclosure

ACQUISITION

On August 28, 2009, the Company acquired substantially all of the assets related to the SRAM memory device product line of Sony Corporation and its subsidiaries, including Sony Electronics Inc. (collectively, "Sony"). As part of the transaction, the Company also entered into an Intellectual Property Agreement with Sony under which it acquired certain patents and license rights to other intellectual property used in connection with the acquired product line.

The acquisition was undertaken by the Company in order to increase its market share in the SRAM memory business, expand its relationships with its major customers and expand its product portfolio. The acquisition resulted in a bargain purchase as Sony had been incurring significant losses on an annual basis, had a minimal product offering, had only one customer and declining annual revenues at the time of the acquisition and was therefore motivated to sell the assets of its SRAM product line.

The acquisition has been accounted for as a purchase under authoritative guidance for business combinations. The purchase price of the acquisition has been preliminarily allocated to the net tangible and intangible assets acquired, with the excess of the fair value of assets acquired over the purchase price recorded as a bargain purchase gain.

The results of operations and estimated fair value of assets acquired and liabilities assumed were included in the Company's condensed consolidated financial statements beginning August 29, 2009.

Consideration

The total purchase consideration was approximately $7.1 million in cash, of which approximately $5.2 million was paid at the closing, $1.2 million was paid in October 2009 following a post-closing adjustment to reflect actual product inventory on hand at the closing and $727,000 consisted of contingent consideration that was payable on the basis of sales of certain acquired SRAM products over an eight quarter period commencing with the September 2009 quarter, the quarter in which the Company first derived revenue from shipments of such products.

Acquisition-related costs

Acquisition-related costs of approximately $533,000 are included in selling, general and administrative expenses in the Consolidated Statement of Operations for the year ended March 31, 2010.

Purchase price allocation

The allocation of the purchase price to acquired tangible and identifiable intangible assets was based on their estimated fair values at the date of acquisition.

The fair value allocated to each of the major classes of tangible and identifiable intangible assets of Sony's SRAM memory device product line acquired on August 28, 2009 and the bargain purchase gain recorded under other income (expense), net in the Consolidated Statements of Operations was computed as follows (in thousands):




Inventory	$	3,702
Tooling and masks	604
Property and equipment	2,800
Intangible assets	1,390
Deferred tax liability resulting from acquisition	(483		)
Net tangible and intangible assets	8,013
Purchase price	6,914
Gain on bargain purchase	$	1,099

The deferred tax liability associated with the estimated fair value adjustments of tangible and intangible assets acquired is recorded at an estimated weighted average statutory tax rate in the jurisdictions where the fair value adjustments may occur.

Identifiable intangible assets

The following table sets forth the components of the identifiable intangible assets acquired in the purchase of Sony's SRAM memory device product line, which are being amortized over their estimated useful lives, with a maximum amortization period of nine years, on a straight-line basis:



	Fair Value		Useful Life
	(in thousands)		(in years)
Patents	$	720	9.0
Designs	590		7.0
Software	80		5.0
Total acquired identifiable intangible assets	$	1,390

In accordance with authoritative guidance for fair value measurements, the Company allocated the purchase price using established valuation techniques.

Inventories—The value allocated to inventories reflects the estimated fair value of the acquired inventory based on the expected sales price of the inventory less costs to complete and reasonable selling margin.

Property, plant and equipment—The basis used for the Company's analysis was the fair value in continued use, which is considered to be the price expressed in terms of money which a willing and informed buyer would pay, contemplating continued use as part of a going concern of the assets in place for the purpose for which they were designed, engineered, installed, fabricated and erected.

Intangible assets—The fair value of patents and designs were determined using the income approach, which discounted expected future cash flows to present value. The cash flows were discounted at a rate of approximately 20%. The fair value of software was determined using the cost saving approach.

Prior to the closing of the acquisition, there were no material relationships between GSI and Sony or any related parties or affiliates of Sony.

The following table summarizes total net revenues and net income of the combined entity had the acquisition of Sony's SRAM memory device product line occurred on April 1, 2009 (in thousands):



	Three Months Ended March 31, 2010		Year Ended March 31, 2010
Total net revenues	$	21,244	$	69,330
Net income	$	3,888	$	4,114

The combined results in the table above have been prepared for comparative purposes only and include acquisition related adjustments for, among other items, amortization of identifiable intangible assets, conforming depreciation policies of Sony to GSI's, to reflect the bargain purchase gain and related tax impact and to reflect the step up in basis of acquired work-in-progress and finished goods inventories. Since the acquisition date, the results of the former Sony SRAM memory device operations have been included in the Company's consolidated financial statements. The combined results do not purport to be indicative of the results of operations which would have resulted had the acquisition been effected at the beginning of the applicable periods noted above, or the future results of operations of the combined entity.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Appendix F
-Paragraph F4
-Subparagraph e

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Paragraph 1
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+ Details

Employee Benefit Plan	12 Months Ended
Employee Benefit Plan	Mar. 31, 2012
EMPLOYEE BENEFIT PLAN [Abstract]
Compensation and Employee Benefit Plans	EMPLOYEE BENEFIT PLAN The Company provides a defined contribution retirement plan (the "Retirement Plan"), which qualifies under Section 401(k) of the Internal Revenue Code of 1996. The Retirement Plan covers essentially all United States employees. Eligible employees may make contributions to the Retirement Plan up to 15% of their annual compensation, but no greater than the annual IRS limitation for any plan year. The Retirement Plan does not provide for Company contributions.

Quarterly Financial Data

12 Months Ended

Mar. 31, 2012

QUARTERLY FINANCIAL DATA (Unaudited) [Abstract]

Quarterly Financial Information

QUARTERLY FINANCIAL DATA (Unaudited)



	Three Months Ended
	June 30, 2011		September 30, 2011		December 31, 2011		March 31, 2012
	(In thousands, except per share amounts)
Consolidated Statement of Operations Data:
Net revenues	$	23,048	$	20,783	$	19,975	$	18,734
Gross profit	$	10,177	$	9,058	$	8,767	$	8,647
Net income	$	3,272	$	1,664	$	991	$	829
Net income per common share—Basic	$	0.11	$	0.06	$	0.03	$	0.03
Net income per common share—Diluted	$	0.11	$	0.06	$	0.03	$	0.03



	Three Months Ended
	June 30, 2010		September 30, 2010		December 31, 2010		March 31, 2011
	(In thousands, except per share amounts)
Net revenues	$	22,918	$	26,747	$	26,244	$	21,854
Gross profit	$	10,817	$	12,178	$	12,123	$	9,636
Net income	$	4,379	$	5,247	$	5,838	$	3,412
Net income per common share—Basic	$	0.16	$	0.19	$	0.21	$	0.12
Net income per common share—Diluted	$	0.15	$	0.18	$	0.20	$	0.11

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Valuation and Qualifying Accounts

12 Months Ended

Mar. 31, 2012

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS



Description	Balance at Beginning of Period		Charges to Cost and Expenses		Deductions		Balance at End of Period
	(In thousands)
Year ended March 31, 2012
Allowance for sales returns, doubtful accounts and other	$	105	$	208	$	213	$	100
Year ended March 31, 2011
Allowance for sales returns, doubtful accounts and other	$	101	$	29	$	25	$	105
Year ended March 31, 2010
Allowance for sales returns, doubtful accounts and other	$	123	$	29	$	51	$	101