Annual report pursuant to Section 13 and 15(d)

Basis of Presentation (Tables)

v2.4.0.8
Basis of Presentation (Tables)
 12 Months Ended
Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
The pre-tax gain on the CNS asset sale
The pre-tax gain on discontinued operations for the twelve months ended March 31, 2012, is calculated as follows:
(in thousands)
CPI
CNS
Total
Cash Proceeds
$
40,331

$
36,729

$
77,060

Less: Net value of assets and liabilities sold or transferred, and transaction costs
(7,483
)
(5,075
)
(12,558
)
Total gain before income taxes
32,848

31,654

64,502

Income tax
(12,359
)
(12,654
)
(25,013
)
Total gain, net of tax
$
20,489

$
19,000

$
39,489

Discontinued operations revenue and income before income taxes reported in discontinued operations
Revenue and income before income taxes reported in discontinued operations is as follows:
 
Fiscal Year Ended March 31,
(in thousands)
2014
 
2013
 
2012
Discontinued CPI Revenue
$
—

 
$
—

 
$
31,746

Discontinued CNS Revenue
—

 
1,236

 
26,026

Total discontinued operations revenue
$
—

 
$
1,236

 
$
57,772

 
 
 
 
 
 
CPI income (loss) before income taxes
$
—

 
$
(1,358
)
 
$
3,509

CNS income (loss) before income taxes
(45
)
 
(951
)
 
2,268

Total discontinued operations income (loss) before income taxes
$
(45
)
 
$
(2,309
)
 
$
5,777