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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Jun. 30, 2013	Jul. 31, 2013
Document And Entity Information
Entity Registrant Name	GSI TECHNOLOGY INC
Entity Central Index Key	0001126741
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		27,540,010
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
ASSETS
Cash and cash equivalents	$ 42,781	$ 41,120
Short-term investments	21,065	26,139
Accounts receivable, net	10,284	10,241
Inventories	12,177	13,809
Prepaid expenses and other current assets	4,570	4,945
Deferred income taxes	1,098	1,224
Total current assets	91,975	97,478
Property and equipment, net	10,325	10,774
Long-term investments	41,449	35,495
Other assets	2,162	2,098
Total assets	145,911	145,845
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	3,475	3,804
Accrued expenses and other liabilities	3,896	3,978
Deferred revenue	2,589	3,077
Total current liabilities	9,960	10,859
Income taxes payable	2,755	2,803
Total liabilities	12,715	13,662
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: 27,357,797 and 27,065,209 shares, respectively	27	27
Additional paid-in capital	55,543	54,004
Accumulated other comprehensive income	(40)	45
Retained earnings	77,666	78,107
Total stockholders’ equity	133,196	132,183
Total liabilities and stockholders’ equity	$ 145,911	$ 145,845

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2013	Mar. 31, 2013
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	27,357,797	27,065,209
Common stock, shares outstanding	27,357,797	27,065,209

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Income Statement [Abstract]
Net revenues	$ 16,412	$ 16,783
Cost of revenues	8,946	10,018
Gross profit	7,466	6,765
Operating expenses:
Research and development	2,997	2,838
Selling, general and administrative	5,010	3,047
Total operating expenses	8,007	5,885
Income (loss) from operations	(541)	880
Interest income, net	105	124
Other income (expense), net	6	12
Income (loss) before income taxes	(430)	1,016
Provision for income taxes	11	96
Net income (loss)	$ (441)	$ 920
Net income (loss) per share:
Basic	$ (0.02)	$ .03
Diluted	$ (0.02)	$ .03
Weighted average shares used in per share calculations:
Basic	27,178	27,361
Diluted	27,178	27,963

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Consolidated Statements Of Comprehensive Income
Net income (loss)	$ (441)	$ 920
Net unrealized loss on available-for-sale investments, net of tax	(85)	(33)
Comprehensive net income (loss)	$ (526)	$ 887

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

- Definition

Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities.

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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ (441)	$ 920
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Allowance for sales returns and doubtful accounts	(16)	21
Provision for excess and obsolete inventories	507	116
Depreciation and amortization	494	638
Stock-based compensation	565	562
Deferred income taxes	126	122
Windfall tax benefits from stock options exercised	(177)	(5)
Amortization of bond premium on investments	220	292
Changes in assets and liabilities:
Accounts receivable	(27)	76
Inventory	1,125	(539)
Prepaid expenses and other assets	282	216
Accounts payable	(346)	(1,474)
Accrued expenses and other liabilities	98	(1,362)
Deferred revenue	(488)	2
Net cash provided by (used in) operating activities	1,922	(415)
Cash flows from investing activities:
Purchase of investments	(11,584)	(10,052)
Sales and maturities of short-term investments	10,383	11,050
Purchases of property and equipment	(34)	(174)
Net cash provied by (used) in investing activities	(1,235)	824
Cash flows from financing activities:
Repurchase of common stock	0	(1,815)
Windfall tax benefits from stock options exercised	177	5
Proceeds from issuance of common stock under employee stock plans	797	222
Net cash provided by (used in) financing activities	974	(1,588)
Net increase (decrease) in cash and cash equivalents	1,661	(1,179)
Cash and cash equivalents at beginning of the period	41,120	31,634
Cash and cash equivalents at end of the period	42,781	30,455
Non-cash investing activities:
Purchases of property and equipment through accounts payable and accruals	17	166
Supplemental cash flow information:
Net cash paid for income taxes	$ 0	$ 331

NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying unaudited condensed consolidated financial statements of GSI Technology, Inc. and its subsidiaries (“GSI” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission. Accordingly, the interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for annual financial statements. These interim financial statements contain all adjustments (which consist of only normal, recurring adjustments) that are, in the opinion of management, necessary to state fairly the interim financial information included therein. The Company believes that the disclosures are adequate to make the information not misleading. However, these financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013.

The consolidated results of operations for the three months ended June 30, 2013 are not necessarily indicative of the results to be expected for the entire fiscal year.

Significant accounting policies

The Company’s significant accounting policies are disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013.

Litigation and settlement costs

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. The litigation, regardless of its eventual outcome, will be costly and time consuming and, should the outcome be adverse to the Company, could result in the Company being required to pay significant monetary damages. If that occurs, our business, financial condition and results of operations could be materially and adversely affected. 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.

NOTE 2 — NET INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Jun. 30, 2013

Net income (loss) per share:

NOTE 2 — NET INCOME (LOSS) PER COMMON SHARE

NOTE 2—NET INCOME (LOSS) PER COMMON SHARE

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

	Three Months Ended June 30,
	2013			2012
	(In thousands, except per share amounts)
Net income (loss)	$	(441	)	$	920

Denominators:
Weighted average shares—Basic		27,178			27,361
Dilutive effect of employee stock options		-			601
Dilutive effect of employee stock purchase plan options		-			1
Weighted average shares—Dilutive		27,178			27,963
Net income (loss) per common share—Basic	$	(0.02	)	$	0.03
Net income (loss) per common share—Diluted	$	(0.02	)	$	0.03

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 (loss) per share as they had an anti-dilutive effect:

	Three Months Ended June 30,
	2013		2012
	(In thousands)
Shares underlying options		3,377		3,473

NOTE 3 — BALANCE SHEET DETAIL

3 Months Ended

Jun. 30, 2013

Balance Sheet Related Disclosures [Abstract]

NOTE 3 — BALANCE SHEET DETAIL

NOTE 3—BALANCE SHEET DETAIL

	June 30, 2013		March 31, 2013
	(In thousands)
Inventories:
Work-in-progress	$	3,780	$	4,236
Finished goods		7,793		8,772
Inventory at distributors		604		801
	$	12,177	$	13,809

	June 30, 2013			March 31, 2013
	(In thousands)
Accounts receivable, net:
Accounts receivable	$	10,384		$	10,357
Less: Allowances for sales returns, doubtful accounts and other		(100	)		(116	)
	$	10,284		$	10,241

	June 30, 2013		March 31, 2013
	(In thousands)
Prepaid expenses and other current assets:
Prepaid tooling and masks	$	1,002	$	1,230
Prepaid income taxes		2,262		2,037
Other receivables		461		557
Other prepaid expenses		845		1,121
	$	4,570	$	4,945

	June 30, 2013			March 31, 2013
	(In thousands)
Property and equipment, net:
Computer and other equipment	$	16,344		$	16,344
Software		4,741			4,690
Land		3,900			3,900
Building and building improvements		2,256			2,256
Furniture and fixtures		110			110
Leasehold improvements		768			767
Construction in progress		-			51
		28,119			28,118
Less: Accumulated depreciation and amortization		(17,794	)		(17,344	)
	$	10,325		$	10,774

Depreciation and amortization expense was $449,000 and $593,000, respectively, for the three months ended June 30, 2013 and 2012.

	June 30, 2013		March 31, 2013
	(In thousands)
Other Assets:
Non-current deferred income taxes	$	1,377	$	1,272
Intangibles, net		699		744
Deposits		86		82
	$	2,162	$	2,098

The following table summarizes the components of intangible assets and related accumulated amortization balances at June 30, 2013 (in thousands):

	Gross
	Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount
Intangible assets:
Product designs	$	590	$	(323	)	$	267
Patents		720		(307	)		413
Software		80		(61	)		19
Total	$	1,390	$	(691	)	$	699

Amortization of intangible assets included in cost of revenues was $45,000 and $45,000, respectively, for the three months ended June 30, 2013 and 2012.

	June 30, 2013		March 31, 2013
	(In thousands)
Accrued expenses and other liabilities:
Accrued compensation	$	1,825	$	2,181
Accrued professional fees		929		560
Accrued commissions		390		353
Accrued royalties		16		28
Accrued equipment and software costs		-		51
Other accrued expenses		736		805
	$	3,896	$	3,978

NOTE 4—INCOME TAXES

3 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

NOTE 4—INCOME TAXES

NOTE 4—INCOME TAXES

The current portion of the Company’s unrecognized tax benefits at June 30, 2013 and March 31, 2013 was $0 and $0, respectively. The long-term portion at June 30, 2013 and March 31, 2013 was $2,755,000 and $2,803,000, respectively, of which the timing of the resolution is uncertain. As of June 30, 2013, $235,000 of unrecognized tax benefits had been recorded as a reduction to net deferred tax assets. The unrecognized tax benefit balance of $2,829,000 as of June 30, 2013 would affect the Company’s effective tax rate if recognized. 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.

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 $637,000, including interest and penalties, related to positions taken with respect to credits and loss carryforwards on previously filed tax returns.

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

The Company is subject to taxation in the United States and various state and foreign jurisdictions. Fiscal years 2010 through 2013 remain open to examination by federal tax authorities, and fiscal years 2009 through 2013 remain open to examination by California tax authorities. In the three months ended June 30, 2012, the Company settled an examination by the California Franchise Tax Board. The tax provision for the three month period ended June 30, 2012 includes a discrete benefit of $168,000 associated with the net result of the settlement and the associated tax reserves, including interest to date.

The Company’s estimated annual effective income tax rate was approximately 3.3% and 29.1% as of June 30, 2013 and 2012, respectively. The differences between the effective income tax rate and the applicable statutory U.S. income tax rate in each period were primarily due to the effects of tax credits, foreign tax rate differentials and tax free interest income, offset by stock-based compensation expense.

- 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

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-Name Accounting Standards Codification
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-SubTopic 10
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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.

+ Details

NOTE 5—FINANCIAL INSTRUMENTS

3 Months Ended

Jun. 30, 2013

Investments, All Other Investments [Abstract]

NOTE 5—FINANCIAL INSTRUMENTS

NOTE 5—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 June 30, 2013, the Level 1 category included money market funds of $8.8 million, which were included in cash and cash equivalents in the Condensed 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 June 30, 2013, the Level 2 category included short-term investments of $21.1 million and long-term investments of $41.4 million, which were 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 June 30, 2013, the Company had no Level 3 financial assets measured at fair value in the Condensed Consolidated Balance Sheet.

The fair value of financial assets and liabilities measured on a recurring basis is as follows (in thousands):

			Fair Value Measurments at Reporting Date Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical Assets		Observable		Unobservable
			and Liabilties		Inputs		Inputs
	June 30, 2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Money market funds	$	8,819	$	8,819	$	-	$	-
Marketable securities		62,514		-		62,514		-
Total	$	71,333	$	8,819	$	62,514	$	-

			Fair Value Measurments at Reporting Date Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical Assets		Observable		Unobservable
			and Liabilties		Inputs		Inputs
	March 31, 2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Money market funds	$	10,445	$	10,445	$	-	$	-
Marketable securities		61,634		-		61,634		-
Total	$	72,079	$	10,445	$	61,634	$	-

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 $8.8 million and $10.4 million at June 30, 2013 and March 31, 2013, 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 declines are determined to be other-than-temporary.

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

	June 30, 2013
			Gross		Gross
			Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(In thousands)
Short-term investments:
State and municipal obligations	$	6,238	$	11	$	-		$	6,249
Corporate notes		5,023		7		-			5,030
Certificates of deposit		8,225		9		-			8,234
Other		1,552		-		-			1,552
Total short-term investments	$	21,038	$	27	$	-		$	21,065
Long-term investments:
State and municipal obligations	$	20,804	$	-	$	(48	)	$	20,756
Corporate notes		9,455		-		(11	)	$	9,444
Certificates of deposit		11,260		-		(11	)	$	11,249
Total long-term investments	$	41,519	$	-	$	(70	)	$	41,449

	March 31, 2013
			Gross		Gross
			Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(In thousands)
Short-term investments:
State and municipal obligations	$	10,564	$	17	$	-		$	10,581
Corporate notes		6,052		14		-			6,066
Certificates of deposit		9,480		12		-			9,492
Total short-term investments	$	26,096	$	43	$	-		$	26,139
Long-term investments:
State and municipal obligations	$	11,992	$	3	$	-		$	11,995
Corporate notes		8,436		14		-			8,450
Certificates of deposit		9,008		18		-			9,026
Other		6,042		-		(18	)		6,024
Total long-term investments	$	35,478	$	35	$	(18	)	$	35,495

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

As of June 30, 2013 the deferred tax asset related to unrecognized gains and losses on short-term and long-term investments was $2,000. As of March 31, 2013, the deferred tax liability related to unrecognized gains and losses on short-term and long-term investments was $14,000.

As of June 30, 2013, contractual maturities of the Company’s available-for-sale non-equity investments were as follows:

			Fair
	Cost		Value
	(In thousands)
Maturing within one year	$	21,038	$	21,065
Maturing in one to three years		41,519		41,449
Maturing in more than three years		-		-
	$	62,557	$	62,514

The Company classifies its short-term investments as “available-for-sale” as they are intended to be available for use in current operations.

NOTE 6—COMMITMENTS AND CONTINGENCIES

3 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

NOTE 6—COMMITMENTS AND CONTINGENCIES

NOTE 6—COMMITMENTS AND CONTINGENCIES

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 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, the Company's indemnification obligations are 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 that may be required 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 have not had 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 three months ended June 30, 2013 or 2012.

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 SigmaDDR and SigmaQuad families of Very 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, alleged infringement by the Company of three of the five patents involved in the District Court case and one additional patent and also alleged infringement by three of our distributors and 11 of our customers who allegedly incorporate our SRAMs in their products. The ITC complaint sought 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 in March 2012. On October 25, 2012, Chief Administrative Law Judge Charles E. Bullock issued his initial determination in which he held that the Company's SRAM products, and products containing them, do not infringe the asserted patent claims and that Cypress had failed to establish the existence of a domestic industry that practices the asserted patents. Because he found that the accused products do not infringe any of the asserted patent claims, Judge Bullock did not consider or rule on the additional arguments of the Company and the other respondents that the Cypress patents are invalid and unenforceable. Following a remand by the ITC, on February 25, 2012, Judge Bullock issued a supplemental initial determination finding that the asserted patents are enforceable and not invalid. On June 7, 2013, the ITC announced that the full Commission had affirmed Judge Bullock’s determination that GSI’s SRAM devices, and products containing them, do not infringe the Cypress patents and that Cypress had failed to establish the requisite domestic industry. Moreover, the Commission reversed a portion of Judge Bullock’s supplemental determination with respect to validity, finding the asserted claims of one of the patents to have been anticipated by prior art and, therefore, invalid. The Commission also ordered the investigation terminated.

The Minnesota District Court case had been stayed pending the conclusion of the ITC proceeding. Following the termination of the ITC investigation, the stay was lifted. On May 1, 2013, Cypress filed a lawsuit in the United States District Court for the Northern District of California alleging infringement by our products of five additional Cypress patents. Like the Minnesota case, the complaint in the California lawsuit seeks unspecified damages for past infringement and a permanent injunction against future infringement. The Company has filed answers in both cases denying liability and asserting affirmative defenses. Discovery is in the preliminary stage in both cases.

The Company believes that it has strong defenses against Cypress’ claims in both District Court cases. The Company intends to continue to defend itself vigorously in these 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, fiscal 2012 or fiscal 2013 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 these proceedings 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

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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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+ Details

NOTE 7—STOCK- BASED COMPENSATION

3 Months Ended

Jun. 30, 2013

Equity [Abstract]

NOTE 7—STOCK- BASED COMPENSATION

NOTE 7—STOCK-BASED COMPENSATION

As of June 30, 2013, 6,088,423 shares of common stock were available for grant under the Company’s 2007 Equity Incentive Plan.

The following table summarizes the Company’s stock option activities for the three months ended June 30, 2013:

				Weighted
	Number of Shares			Average	Weighted
	Underlying			Remaining	Average
	Options			Contractual	Exercise		Intrinsic
	Outstanding			Life (Years)	Price		Value
Balance at March 31, 2013		6,336,319			$	4.73
Granted		246,770				5.76
Exercised		(233,985	)			2.25	$	821,923
Forfeited		(114,475	)			6.39
Balance at June 30, 2013		6,234,629			$	4.83
Options vested and exercisable		3,965,905		4.68	$	4.37	$	7,956,296
Options vested and expected to vest		6,176,382		6.00	$	4.83	$	9,842,057

The weighted average fair value per underlying share of options granted during the three months ended June 30, 2013 and 2012 was $2.45 and $1.91, respectively.

Options outstanding by exercise price at June 30, 2013 were as follows:

		Number of		Options Outstanding				Options Exercisable
		Shares		Weighted		Weighted Average				Weighted
		Underlying		Average		Remaining		Number		Average
		Options		Exercise		Contractual		Vested and		Exercise
Exercise Price		Outstanding		Price		Life (Years)		Exercisable		Price
$	2.10 - 3.37		844,942	$	2.79		3.93		844,942	$	2.79
$	3.38 - 3.76		636,358	$	3.51		4.97		542,390	$	3.52
$	3.81 - 3.94		38,000	$	3.87		5.71		38,000	$	3.87
$	4.00		714,263	$	4.00		5.93		714,263	$	4.00
$	4.17 - 4.50		687,944	$	4.26		6.37		369,335	$	4.31
$	4.81 - 4.92		523,913	$	4.87		8.69		99,184	$	4.87
$	5.50		881,708	$	5.50		3.16		881,708	$	5.50
$	5.59 - 5.76		624,410	$	5.70		8.06		150,000	$	5.75
$	6.00 - 6.54		822,208	$	6.32		7.91		139,570	$	6.33
$	6.82 - 9.20		460,883	$	7.49		7.28		186,513	$	7.45
			6,234,629						3,965,905

The following table summarizes stock-based compensation expense by line item in the Condensed Consolidated Statements of Operations, all relating to employee stock plans:

	Three Months Ended June 30,
	2013		2012
	(In thousands)
Cost of revenues	$	94	$	90
Research and development		258		283
Selling, general and administrative		213		189
Total	$	565	$	562

As stock-based compensation expense recognized in the Condensed Consolidated Statement of Operations is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures in accordance with authoritative guidance. The Company estimates forfeitures at the time of grant and revises the original estimates, if necessary, in subsequent periods if actual forfeitures differ from those estimates.

The Company recognized related income tax benefits of $17,000 and $90,000, respectively, for the three months ended June 30, 2013 and 2012. Windfall tax benefits realized from exercised stock options were $177,000 and $5,000, respectively, for the three months ended June 30, 2013 and 2012. Compensation cost capitalized within inventory at June 30, 2013 was insignificant. As of June 30, 2013, the Company’s total unrecognized compensation cost was $3.9 million, which will be recognized over a weighted average period of 2.12 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:

	Three Months Ended June 30,
	2013			2012
	(In thousands)
Stock Option Plans:
Risk-free interest rate		0.91	%		0.79	%
Expected life (in years)		5.00			5.00
Volatility		48.4	%		52.9	%
Dividend yield		-	%		-	%
Employee Stock Purchase Plan:
Risk-free interest rate		0.09	%		0.15	%
Expected life (in years)		0.50			0.50
Volatility		30.4	%		23.4	%
Dividend yield		-	%		-	%

NOTE 8—SEGMENT AND GEOGRAPHIC INFORMATION

3 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

NOTE 8—SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 8—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:

	Three Months Ended June 30,
	2013		2012
	(In thousands)
United States	$	5,971	$	4,776
China		3,477		4,928
Malaysia		2,347		3,143
Singapore		1,453		1,977
Rest of the world		3,164		1,959
	$	16,412	$	16,783

All sales are denominated in United States dollars.

- 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.

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+ Details

NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2013
Accounting Policies [Abstract]
Basis of presenation	*Basis of presentation* The accompanying unaudited condensed consolidated financial statements of GSI Technology, Inc. and its subsidiaries (“GSI” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission. Accordingly, the interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for annual financial statements. These interim financial statements contain all adjustments (which consist of only normal, recurring adjustments) that are, in the opinion of management, necessary to state fairly the interim financial information included therein. The Company believes that the disclosures are adequate to make the information not misleading. However, these financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013. The consolidated results of operations for the three months ended June 30, 2013 are not necessarily indicative of the results to be expected for the entire fiscal year.
Significant accounting policies	*Significant accounting policies* The Company’s significant accounting policies are disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013.
Litigation and settlement costs	*Litigation and settlement costs* 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. The litigation, regardless of its eventual outcome, will be costly and time consuming and, should the outcome be adverse to the Company, could result in the Company being required to pay significant monetary damages. If that occurs, our business, financial condition and results of operations could be materially and adversely affected. 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.

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

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-Subparagraph a(2)
-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 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-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 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 97-2
-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 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph k
-Article 1

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 140
-Paragraph 46
-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 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02, 03
-Article 3A

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 14, 15
-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.

+ Details

NOTE 2 — NET INCOME PER COMMON SHARE (Tables)

3 Months Ended

Jun. 30, 2013

Net income (loss) per share:

Basic and diluted net income per share

	Three Months Ended June 30,
	2013			2012
	(In thousands, except per share amounts)
Net income (loss)	$	(441	)	$	920

Denominators:
Weighted average shares—Basic		27,178			27,361
Dilutive effect of employee stock options		-			601
Dilutive effect of employee stock purchase plan options		-			1
Weighted average shares—Dilutive		27,178			27,963
Net income (loss) per common share—Basic	$	(0.02	)	$	0.03
Net income (loss) per common share—Diluted	$	(0.02	)	$	0.03

Anti-dilutive shares

	Three Months Ended June 30,
	2013		2012
	(In thousands)
Shares underlying options		3,377		3,473

NOTE 3 — BALANCE SHEET DETAIL (Tables)

3 Months Ended

Jun. 30, 2013

Note 3 Balance Sheet Detail Tables

Schedule of Inventories

	June 30, 2013		March 31, 2013
	(In thousands)
Inventories:
Work-in-progress	$	3,780	$	4,236
Finished goods		7,793		8,772
Inventory at distributors		604		801
	$	12,177	$	13,809

Schedule of Accounts Receivable, Net

	June 30, 2013			March 31, 2013
	(In thousands)
Accounts receivable, net:
Accounts receivable	$	10,384		$	10,357
Less: Allowances for sales returns, doubtful accounts and other		(100	)		(116	)
	$	10,284		$	10,241

Schedule of Prepaid Expenses and Other Current Assets

	June 30, 2013		March 31, 2013
	(In thousands)
Prepaid expenses and other current assets:
Prepaid tooling and masks	$	1,002	$	1,230
Prepaid income taxes		2,262		2,037
Other receivables		461		557
Other prepaid expenses		845		1,121
	$	4,570	$	4,945

Schedule of Property and Equipment, Net

	June 30, 2013			March 31, 2013
	(In thousands)
Property and equipment, net:
Computer and other equipment	$	16,344		$	16,344
Software		4,741			4,690
Land		3,900			3,900
Building and building improvements		2,256			2,256
Furniture and fixtures		110			110
Leasehold improvements		768			767
Construction in progress		-			51
		28,119			28,118
Less: Accumulated depreciation and amortization		(17,794	)		(17,344	)
	$	10,325		$	10,774

Schedule of Other Assets

	June 30, 2013		March 31, 2013
	(In thousands)
Other Assets:
Non-current deferred income taxes	$	1,377	$	1,272
Intangibles, net		699		744
Deposits		86		82
	$	2,162	$	2,098

Schedule of Intangible Assets

	Gross
	Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount
Intangible assets:
Product designs	$	590	$	(323	)	$	267
Patents		720		(307	)		413
Software		80		(61	)		19
Total	$	1,390	$	(691	)	$	699

Schedule of Accrued Expenses and Other Liabilities

	June 30, 2013		March 31, 2013
	(In thousands)
Accrued expenses and other liabilities:
Accrued compensation	$	1,825	$	2,181
Accrued professional fees		929		560
Accrued commissions		390		353
Accrued royalties		16		28
Accrued equipment and software costs		-		51
Other accrued expenses		736		805
	$	3,896	$	3,978

NOTE 5—FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Jun. 30, 2013

Note 5Financial Instruments Tables

Schedule of Fair value of financial assets and liabilities measured on a recurring basis

			Fair Value Measurments at Reporting Date Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical Assets		Observable		Unobservable
			and Liabilties		Inputs		Inputs
	June 30, 2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Money market funds	$	8,819	$	8,819	$	-	$	-
Marketable securities		62,514		-		62,514		-
Total	$	71,333	$	8,819	$	62,514	$	-

			Fair Value Measurments at Reporting Date Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical Assets		Observable		Unobservable
			and Liabilties		Inputs		Inputs
	March 31, 2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Money market funds	$	10,445	$	10,445	$	-	$	-
Marketable securities		61,634		-		61,634		-
Total	$	72,079	$	10,445	$	61,634	$	-

Schedule of Available-for-sale investments

	June 30, 2013
			Gross		Gross
			Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(In thousands)
Short-term investments:
State and municipal obligations	$	6,238	$	11	$	-		$	6,249
Corporate notes		5,023		7		-			5,030
Certificates of deposit		8,225		9		-			8,234
Other		1,552		-		-			1,552
Total short-term investments	$	21,038	$	27	$	-		$	21,065
Long-term investments:
State and municipal obligations	$	20,804	$	-	$	(48	)	$	20,756
Corporate notes		9,455		-		(11	)	$	9,444
Certificates of deposit		11,260		-		(11	)	$	11,249
Total long-term investments	$	41,519	$	-	$	(70	)	$	41,449

	March 31, 2013
			Gross		Gross
			Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(In thousands)
Short-term investments:
State and municipal obligations	$	10,564	$	17	$	-		$	10,581
Corporate notes		6,052		14		-			6,066
Certificates of deposit		9,480		12		-			9,492
Total short-term investments	$	26,096	$	43	$	-		$	26,139
Long-term investments:
State and municipal obligations	$	11,992	$	3	$	-		$	11,995
Corporate notes		8,436		14		-			8,450
Certificates of deposit		9,008		18		-			9,026
Other		6,042		-		(18	)		6,024
Total long-term investments	$	35,478	$	35	$	(18	)	$	35,495

Schedule of Contractual maturities of the available-for-sale non-equity investments

			Fair
	Cost		Value
	(In thousands)
Maturing within one year	$	21,038	$	21,065
Maturing in one to three years		41,519		41,449
Maturing in more than three years		-		-
	$	62,557	$	62,514

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-SubTopic 320
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

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-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
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-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 19, 20, 21
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 17
-Subparagraph a, b
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-1
-Paragraph 21
-Subparagraph a, b
-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.

+ Details

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References + Details

NOTE 7—STOCK- BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2013

Note 7Stock- Based Compensation Tables

Summary of stock option activities

				Weighted
	Number of Shares			Average	Weighted
	Underlying			Remaining	Average
	Options			Contractual	Exercise		Intrinsic
	Outstanding			Life (Years)	Price		Value
Balance at March 31, 2013		6,336,319			$	4.73
Granted		246,770				5.76
Exercised		(233,985	)			2.25	$	821,923
Forfeited		(114,475	)			6.39
Balance at June 30, 2013		6,234,629			$	4.83
Options vested and exercisable		3,965,905		4.68	$	4.37	$	7,956,296
Options vested and expected to vest		6,176,382		6.00	$	4.83	$	9,842,057

Schedule of options outstanding by exercise price

		Number of		Options Outstanding				Options Exercisable
		Shares		Weighted		Weighted Average				Weighted
		Underlying		Average		Remaining		Number		Average
		Options		Exercise		Contractual		Vested and		Exercise
Exercise Price		Outstanding		Price		Life (Years)		Exercisable		Price
$	2.10 - 3.37		844,942	$	2.79		3.93		844,942	$	2.79
$	3.38 - 3.76		636,358	$	3.51		4.97		542,390	$	3.52
$	3.81 - 3.94		38,000	$	3.87		5.71		38,000	$	3.87
$	4.00		714,263	$	4.00		5.93		714,263	$	4.00
$	4.17 - 4.50		687,944	$	4.26		6.37		369,335	$	4.31
$	4.81 - 4.92		523,913	$	4.87		8.69		99,184	$	4.87
$	5.50		881,708	$	5.50		3.16		881,708	$	5.50
$	5.59 - 5.76		624,410	$	5.70		8.06		150,000	$	5.75
$	6.00 - 6.54		822,208	$	6.32		7.91		139,570	$	6.33
$	6.82 - 9.20		460,883	$	7.49		7.28		186,513	$	7.45
			6,234,629						3,965,905

Summary of stock-based compensation expense by line item

	Three Months Ended June 30,
	2013		2012
	(In thousands)
Cost of revenues	$	94	$	90
Research and development		258		283
Selling, general and administrative		213		189
Total	$	565	$	562

Summary of valuation assumptions

	Three Months Ended June 30,
	2013			2012
	(In thousands)
Stock Option Plans:
Risk-free interest rate		0.91	%		0.79	%
Expected life (in years)		5.00			5.00
Volatility		48.4	%		52.9	%
Dividend yield		-	%		-	%
Employee Stock Purchase Plan:
Risk-free interest rate		0.09	%		0.15	%
Expected life (in years)		0.50			0.50
Volatility		30.4	%		23.4	%
Dividend yield		-	%		-	%

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References + Details

NOTE 8—SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

3 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Net revenues by geographic area

	Three Months Ended June 30,
	2013		2012
	(In thousands)
United States	$	5,971	$	4,776
China		3,477		4,928
Malaysia		2,347		3,143
Singapore		1,453		1,977
Rest of the world		3,164		1,959
	$	16,412	$	16,783

NOTE 1 — THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Note 1 Company And Summary Of Significant Accounting Policies Details Narrative
Comprehensive net income (loss)	$ (526)	$ 887

NOTE 2 — NET INCOME (LOSS) PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Note 2 Net Income Loss Per Common Share Details
Net income (loss)	$ (441)	$ 920
Weighted average shares—Basic	27,178	27,361
Dilutive effect of employee stock options	0	601
Dilutive effect of employee stock purchase plan options	0	1
Weighted average shares—Dilutive	27,178	27,963
Net income (loss) per common share—Basic	$ (0.02)	$ .03
Net income (loss) per common share—Diluted	$ (0.02)	$ .03

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 18
-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 20
-Article 5

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
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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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-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 FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-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.

+ Details

NOTE 2 — NET INCOME (LOSS) PER COMMON SHARE (Details 1) - shares	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Note 2 Net Income Loss Per Common Share Details 1
Shares underlying options	3,377	3,473

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-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 FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-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.

+ Details

NOTE 3 — BALANCE SHEET DETAIL (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Inventories:
Work-in-progress	$ 3,780	$ 4,236
Finished goods	7,793	8,772
Inventory at distributors	604	801
Total Inventory	$ 12,177	$ 13,809

NOTE 3 — BALANCE SHEET DETAIL (Details 1) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Accounts receivable, net:
Accounts receivable	$ 10,384	$ 10,357
Less: Allowances for sales returns, doubtful accounts and other	(100)	(116)
Total accounts receivable, net	$ 10,284	$ 10,241

NOTE 3 — BALANCE SHEET DETAIL (Details 2) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Prepaid expenses and other current assets:
Prepaid tooling and masks	$ 1,002	$ 1,230
Prepaid income taxes	2,262	2,037
Other receivables	461	557
Other prepaid expenses	845	1,121
Total prepaid expenses and other current assets	$ 4,570	$ 4,945

NOTE 3 — BALANCE SHEET DETAIL (Details 3) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Property and equipment, net:
Computer and other equipment	$ 16,344	$ 16,344
Software	4,741	4,690
Land	3,900	3,900
Building and building improvements	2,256	2,256
Furniture and fixtures	110	110
Leasehold improvements	768	767
Construction in progress	0	51
Property, Plant, and Equipment, Gross	28,119	28,118
Less: Accumulated depreciation and amortization	(17,794)	(17,344)
Property, Plant, and Equipment, Net	$ 10,325	$ 10,774

NOTE 3 — BALANCE SHEET DETAIL (Details 4) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Other assets:
Non-current deferred income taxes	$ 1,377	$ 1,272
Intangibles, net	699	744
Deposits	86	82
Total Other Assets	$ 2,162	$ 2,098

NOTE 3 — BALANCE SHEET DETAIL (Details 5) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Gross Carrying Amount	$ 1,390
Accumulated Amortization	(691)
Net Carrying Amount	699	$ 744
Product Designs
Gross Carrying Amount	590
Accumulated Amortization	(323)
Net Carrying Amount	267
Patents
Gross Carrying Amount	720
Accumulated Amortization	(307)
Net Carrying Amount	413
Software
Gross Carrying Amount	80
Accumulated Amortization	(61)
Net Carrying Amount	$ 19

NOTE 3 — BALANCE SHEET DETAIL (Details 6) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Accrued expenses and other liabilities:
Accrued compensation	$ 1,825	$ 2,181
Accrued professional fees	929	560
Accrued commissions	390	353
Accrued royalties	16	28
Accrued equipment and software costs	0	51
Other accrued expenses	736	805
Total Accrued Expenses and Other Liabilities	$ 3,896	$ 3,978

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for royalties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for sales commissions. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

NOTE 4—INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended
NOTE 4—INCOME TAXES (Details Narrative) - USD ($)	Jun. 30, 2013	Jun. 30, 2012	Mar. 31, 2013
Note 4Income Taxes Details Narrative
Unrecognized tax benefits, Current	$ 0		$ 0
Unrecognized tax benefits, Long Term	2,755,000		$ 2,803,000
Unrecognized tax benefits had been recorded as a reduction to net deferred tax assets	235,000
Unrecognized tax benefits	$ 2,829,000
Effective annual income tax rate	3.30%	29.10%

NOTE 5—FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Assets:
Money market funds	$ 8,819	$ 10,445
Marketable securities	62,514	61,634
Total	71,333	72,079
Quoted Prices in Active Markets for Identical Assets and Liabilties (Level 1)
Assets:
Money market funds	8,819	10,445
Marketable securities	0	0
Total	8,819	10,445
Significant Other Observable Inputs (Level 2)
Assets:
Money market funds	0	0
Marketable securities	62,514	61,634
Total	62,514	61,634
Significant Unobservable Inputs (Level 3)
Assets:
Money market funds	0	0
Marketable securities	0	0
Total	$ 0	$ 0

NOTE 5—FINANCIAL INSTRUMENTS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Fair Value	$ 62,514	$ 61,634
Short Term Investments
Available-for-sale securities, Cost	21,038	26,096
Available-for-sale securities, Gross Unrealized Gains	27	43
Available-for-sale securities, Gross Unrealized Losses	0	0
Fair Value	21,065	26,139
Short Term Investments \| State and municipal bonds
Available-for-sale securities, Cost	6,238	10,564
Available-for-sale securities, Gross Unrealized Gains	11	17
Available-for-sale securities, Gross Unrealized Losses	0	0
Fair Value	6,249	10,581
Short Term Investments \| Corporate Notes
Available-for-sale securities, Cost	5,023	6,052
Available-for-sale securities, Gross Unrealized Gains	7	14
Available-for-sale securities, Gross Unrealized Losses	0	0
Fair Value	5,030	6,066
Short Term Investments \| Certificate of deposits
Available-for-sale securities, Cost	8,225	9,480
Available-for-sale securities, Gross Unrealized Gains	9	12
Available-for-sale securities, Gross Unrealized Losses	0	0
Fair Value	8,234	9,492
Short Term Investments \| Other
Available-for-sale securities, Cost	1,552
Available-for-sale securities, Gross Unrealized Gains	0
Available-for-sale securities, Gross Unrealized Losses	0
Fair Value	1,552
Long Term Investments
Available-for-sale securities, Cost	41,519	35,478
Available-for-sale securities, Gross Unrealized Gains	0	35
Available-for-sale securities, Gross Unrealized Losses	(70)	(18)
Fair Value	41,449	35,495
Long Term Investments \| State and municipal bonds
Available-for-sale securities, Cost	20,804	11,992
Available-for-sale securities, Gross Unrealized Gains	0	3
Available-for-sale securities, Gross Unrealized Losses	(48)	0
Fair Value	20,756	11,995
Long Term Investments \| Corporate Notes
Available-for-sale securities, Cost	9,455	8,436
Available-for-sale securities, Gross Unrealized Gains	0	14
Available-for-sale securities, Gross Unrealized Losses	(11)	0
Fair Value	9,444	8,450
Long Term Investments \| Certificate of deposits
Available-for-sale securities, Cost	11,260	9,008
Available-for-sale securities, Gross Unrealized Gains	0	18
Available-for-sale securities, Gross Unrealized Losses	(11)	0
Fair Value	$ 11,249	9,026
Long Term Investments \| Other
Available-for-sale securities, Cost		6,042
Available-for-sale securities, Gross Unrealized Gains		0
Available-for-sale securities, Gross Unrealized Losses		(18)
Fair Value		$ 6,024

NOTE 5—FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013
Note 5Financial Instruments Details 2
Maturing within one year, Cost	$ 21,038
Maturing in one to three years, Cost	41,519
Total, Cost	62,557
Maturing within one year, Fair Value	21,065
Maturing in one to three years, Fair Value	41,449
Fair Value	$ 62,514	$ 61,634

- Definition

Amount of debt securities categorized neither as held-to-maturity nor trading.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 25
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=7534914&loc=d3e22054-111558

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-Subparagraph (b)-(g)
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 12
-Subparagraph b
-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 115
-Paragraph 13
-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 FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 137
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15C
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 22
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-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.

+ Details

NOTE 7—STOCK- BASED COMPENSATION (Details)	3 Months Ended
NOTE 7—STOCK- BASED COMPENSATION (Details)	Jun. 30, 2013 USD ($) $ / shares shares
Number of Options
Number of Underlying Options Outstanding, Beginning \| shares	6,336,319
Number of Underlying Options Granted \| shares	246,770
Number of Underlying Options Exercised \| shares	(233,985)
Number of Underlying Options Forfeited \| shares	(114,475)
Number of Options Underlying Outstanding, Ending \| shares	6,234,629
Options Vested and Exercisable \| shares	3,965,905
Options Vested and expected to vest \| shares	6,176,382
Weighted Average Exercise Price
Weighted Average Exercise Price Outstanding, Beginning \| $ / shares	$ 4.73
Weighted Average Exercise Price Granted \| $ / shares	5.76
Weighted Average Exercise Price Exercised \| $ / shares	2.25
Weighted Average Exercise Price Forfeited \| $ / shares	6.39
Weighted Average Exercise Price Outstanding, Ending \| $ / shares	4.83
Weighted Average Exercise Price Vested and Exercisable \| $ / shares	4.37
Weighted Average Exercise Price vested and exprected to vest \| $ / shares	$ 4.83
Weighted Average Remaining Contractual Life (in years)
Weighted Average Remaining Contractual Life (in years) Exercisable	4 years 8 months 5 days
Weighted Average Remaining Contractual Life (in years) Vested and expected to vest	6 years
Aggregate Intrinsic Value
Intrinsic Value \| $	$ 821,923
Aggregate Intrinsic Value Exercisable \| $	7,956,296
Aggregate Intrinsic Value vested and expected to vest \| $	$ 9,842,057

NOTE 7—STOCK- BASED COMPENSATION (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Stock-based compensation	$ 565	$ 562
Cost of revenues
Stock-based compensation	94	90
Research and Development
Stock-based compensation	258	283
Selling, general and administrative
Stock-based compensation	$ 213	$ 189

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References + Details

NOTE 7—STOCK- BASED COMPENSATION (Details 2)	3 Months Ended
NOTE 7—STOCK- BASED COMPENSATION (Details 2)	Jun. 30, 2013	Jun. 30, 2012
Stock Options Plans
Risk-free interest rate	0.91%	0.79%
Expected life (in years)	5 years	5 years
Volatility	48.40%	52.90%
Dividend yield	0.00%	0.00%
Employee Stock Purchase Plan
Risk-free interest rate	0.09%	0.15%
Expected life (in years)	6 months	6 months
Volatility	30.40%	23.40%
Dividend yield	0.00%	0.00%

NOTE 9—SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Net revenues	$ 16,412	$ 16,783
United States
Net revenues	5,971	4,776
China
Net revenues	3,477	4,928
Malaysia
Net revenues	2,347	3,143
Singapore
Net revenues	1,453	1,977
Rest of the World
Net revenues	$ 3,164	$ 1,959