Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Dec. 31, 2016	Feb. 03, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	ORION ENERGY SYSTEMS, INC.
Entity Central Index Key	0001409375
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		28,305,117

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Assets
Cash and cash equivalents	$ 19,118	$ 15,542
Accounts receivable, net	11,730	10,889
Inventories, net	16,572	17,024
Deferred contract costs	1,333	37
Prepaid expenses and other current assets	1,685	5,038
Total current assets	50,438	48,530
Property and equipment, net	13,850	17,004
Other intangible assets, net	4,579	5,048
Long-term accounts receivable	6	108
Other long-term assets	165	185
Total assets	69,038	70,875
Liabilities and Shareholders’ Equity
Accounts payable	12,318	11,716
Accrued expenses and other	5,962	6,586
Deferred revenue, current	687	243
Current maturities of long-term debt and capital leases	192	746
Total current liabilities	19,159	19,291
Revolving credit facility	5,882	3,719
Long-term debt and capital leases, less current maturities	216	302
Deferred revenue, long-term	963	1,022
Other long-term liabilities	443	558
Total liabilities	26,663	24,892
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at December 31, 2016 and March 31, 2016; no shares issued and outstanding at December 31, 2016 and March 31, 2016	0	0
Common stock, no par value: Shares authorized: 200,000,000 at December 31, 2016 and March 31, 2016; shares issued: 37,728,772 at December 31, 2016 and 37,192,559 at March 31, 2016; shares outstanding: 28,299,317 at December 31, 2016 and 27,767,138 at March 31, 2016	0	0
Additional paid-in capital	153,533	152,140
Treasury stock, common shares: 9,429,455 at December 31, 2016 and 9,425,421 at March 31, 2016	(36,080)	(36,075)
Shareholder notes receivable	(4)	(4)
Retained deficit	(75,074)	(70,078)
Total shareholders’ equity	42,375	45,983
Total liabilities and shareholders’ equity	$ 69,038	$ 70,875

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	30,000,000	30,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common stock, par value (usd per share)	$ 0	$ 0
Common stock, shares authorized (shares)	200,000,000	200,000,000
Common stock, shares issued (shares)	37,728,772	37,192,559
Common stock, shares outstanding (shares)	28,299,317	27,767,138
Treasury stock, shares (shares)	9,429,455	9,425,421

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Product revenue	$ 19,259	$ 16,094	$ 52,286	$ 46,872
Service revenue	1,358	657	2,635	2,195
Total revenue	20,617	16,751	54,921	49,067
Cost of product revenue	13,577	11,574	36,748	35,988
Cost of service revenue	885	468	1,748	1,700
Total cost of revenue	14,462	12,042	38,496	37,688
Gross profit	6,155	4,709	16,425	11,379
Operating expenses:
General and administrative	3,541	3,861	11,040	11,135
Sales and marketing	3,147	2,409	9,167	8,112
Research and development	495	381	1,493	1,244
Total operating expenses	7,183	6,651	21,700	20,491
Loss from operations	(1,028)	(1,942)	(5,275)	(9,112)
Other income (expense):
Other income	0	0	190	0
Interest expense	(65)	(71)	(203)	(223)
Interest income	7	27	31	107
Total other (expense) income	(58)	(44)	18	(116)
Loss before income tax	(1,086)	(1,986)	(5,257)	(9,228)
Income tax expense (benefit)	0	18	(261)	28
Net loss and comprehensive loss	$ (1,086)	$ (2,004)	$ (4,996)	$ (9,256)
Basic net loss per share attributable to common shareholders (in dollars per share)	$ (0.04)	$ (0.07)	$ (0.18)	$ (0.34)
Weighted-average common shares outstanding (in shares)	28,258,742	27,671,633	28,106,209	27,584,288
Diluted net loss per share (in dollars per share)	$ (0.04)	$ (0.07)	$ (0.18)	$ (0.34)
Weighted-average common shares and share equivalents outstanding (in shares)	28,258,742	27,671,633	28,106,209	27,584,288

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating activities
Net loss	$ (4,996)	$ (9,256)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	1,103	2,320
Amortization	721	1,055
Stock-based compensation	1,252	1,166
Loss on sale of property and equipment	1	18
Provision for inventory reserves	621	41
Provision for bad debts	118	245
Other	148	56
Changes in operating assets and liabilities:
Accounts receivable, current and long-term	(857)	3,660
Inventories	(169)	(4,192)
Deferred contract costs	(1,296)	44
Prepaid expenses and other assets	3,294	1,951
Accounts payable	602	1,017
Accrued expenses and other	(661)	(1,333)
Deferred revenue, current and long-term	385	(117)
Net cash provided by (used in) operating activities	266	(3,325)
Investing activities
Purchase of property and equipment	(376)	(302)
Additions to patents and licenses	(252)	(6)
Proceeds from sales of property, plant and equipment	2,600	0
Net cash provided by (used in) investing activities	1,972	(308)
Financing activities
Payment of long-term debt and capital leases	(814)	(1,450)
Proceeds from revolving credit facility	63,705	47,996
Payment of revolving credit facility	(61,542)	(45,523)
Payment of common stock issuance costs	0	(1)
Payments to settle employee tax withholdings on stock-based compensation	(17)	(20)
Net proceeds from employee equity exercises	6	87
Net cash provided by financing activities	1,338	1,089
Net increase (decrease) in cash and cash equivalents	3,576	(2,544)
Cash and cash equivalents at beginning of period	15,542	20,002
Cash and cash equivalents at end of period	$ 19,118	$ 17,458

Description of Business	9 Months Ended
Description of Business	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	DESCRIPTION OF BUSINESS Organization Orion includes Orion Energy Systems, Inc., a Wisconsin corporation, and all consolidated subsidiaries. Orion is a developer, manufacturer and seller of lighting and energy management systems to commercial and industrial businesses, and federal and local governments, predominantly in North America. Orion’s corporate offices and leased primary manufacturing operations are located in Manitowoc, Wisconsin. Orion leases office space in Jacksonville, Florida; Chicago, Illinois; and Houston, Texas. Orion also leases warehouse space in Manitowoc, Wisconsin and Augusta, Georgia.

Summary of Significant Accounting Policies

9 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Orion Energy Systems, Inc. and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.

Reclassifications

Where appropriate, certain reclassifications have been made to prior years’ financial statements to conform to the current year presentation.

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Orion have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation have been included. Interim results are not necessarily indicative of results that may be expected for the year ending March 31, 2017 or other interim periods.

The condensed consolidated balance sheet at March 31, 2016 has been derived from the audited consolidated financial statements at that date but does not include all of the information required by GAAP for complete financial statements.

The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in Orion’s Annual Report on Form 10-K for the fiscal year ended March 31, 2016 filed with the Securities and Exchange Commission on June 23, 2016.

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 disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during that reporting period. Areas that require the use of significant management estimates include revenue recognition, inventory obsolescence and allowance for doubtful accounts, accruals for warranty and loss contingencies, income taxes and certain equity transactions. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

Orion considers all highly liquid, short-term investments with original maturities of three months or less to be cash equivalents.

Fair Value of Financial Instruments

Orion’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other, revolving credit facility and long-term debt. The carrying amounts of Orion’s financial instruments approximate their respective fair values due to the relatively short-term nature of these instruments, or in the case of long-term debt and revolving credit facility, because of the interest rates currently available to Orion for similar obligations. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. GAAP describes a fair value hierarchy based on the following three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value:

Level 1 — Valuations are based on unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — Valuations are based on quoted prices for similar assets or liabilities in active markets, or quoted prices in markets that are not active for which significant inputs are observable, either directly or indirectly.

Level 3 — Valuations are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management's best estimate of what market participants would use in valuing the asset or liability at the measurement date.

Accounts Receivable

Orion’s accounts receivable are due from companies in the commercial, governmental, industrial and agricultural industries, as well as wholesalers. Credit is extended based on an evaluation of a customer’s financial condition. Generally, collateral is not required for end users; however, the payment of certain trade accounts receivable from wholesalers is secured by irrevocable standby letters of credit and/or guarantees. Accounts receivable are generally due within 30-60 days. Accounts receivable are stated at the amount Orion expects to collect from outstanding balances. Orion provides for probable uncollectible amounts through a charge to earnings and a credit to an allowance for doubtful accounts based on its assessment of the current status of individual accounts. Balances that are still outstanding after Orion has used reasonable collection efforts are written off through a charge to the allowance for doubtful accounts and a credit to accounts receivable. Orion's accounts receivable and allowance for doubtful accounts balances were as follows (dollars in thousands):



	December 31, 2016			March 31, 2016
Accounts receivable, gross	$	11,874		$	11,394
Allowance for doubtful accounts	(144		)	(505		)
Accounts receivable, net	$	11,730		$	10,889

Financing Receivables

In some limited instances, Orion extends financing to its customers in the form of sales-type leases. These lease receivables are included within current and long-term accounts receivable in the condensed consolidated balance sheets. Additional disclosures on the credit quality of these financing receivables are as follows:

Aging Analysis as of December 31, 2016 (dollars in thousands):



	Not Past Due		1-90 days past due		Greater than 90 days past due		Total past due		Total sales-type leases
Lease balances included in consolidated accounts receivable—current	$	447	$	—	$	3	$	3	$	450
Lease balances included in consolidated accounts receivable—long-term	6		—		—		—		6
Total gross sales-type leases	453		—		3		3		456
Allowance	—		—		—		—		—
Total net sales-type leases	$	453	$	—	$	3	$	3	$	456

Aging Analysis as of March 31, 2016 (dollars in thousands):



	Not Past Due		1-90 days past due		Greater than 90 days past due			Total past due			Total sales-type leases
Lease balances included in consolidated accounts receivable—current	$	294	$	4	$	10		$	14		$	308
Lease balances included in consolidated accounts receivable—long-term	101		—		—			—			101
Total gross sales-type leases	395		4		10			14			409
Allowance	—		—		(9		)	(9		)	(9		)
Total net sales-type leases	$	395	$	4	$	1		$	5		$	400

Inventories

Inventories consist of raw materials and components, such as drivers, metal sheet and coil stock and molded parts; work in process inventories, such as frames and reflectors; and finished goods, including completed fixtures and systems, and accessories. All inventories are stated at the lower of cost or market value with cost determined using the first-in, first-out (FIFO) method. Orion reduces the carrying value of its inventories for differences between the cost and estimated net realizable value, taking into consideration usage in the preceding 9 to 24 months, expected demand, and other information indicating obsolescence. Orion records, as a charge to cost of product revenue, the amount required to reduce the carrying value of inventory to net realizable value. Orion's inventory balances were as follows (dollars in thousands):



	Cost		Obsolescence Reserve			Net
As of December 31, 2016
Raw materials and components	$	9,390	$	(1,112	)	$	8,278
Work in process	1,857		(252		)	1,605
Finished goods	7,207		(518		)	6,689
Total	$	18,454	$	(1,882	)	$	16,572

As of March 31, 2016
Raw materials and components	$	10,556	$	(1,052	)	$	9,504
Work in process	2,045		(119		)	1,926
Finished goods	6,550		(956		)	5,594
Total	$	19,151	$	(2,127	)	$	17,024

Costs associated with the procurement and warehousing of inventories, such as inbound freight charges and purchasing and receiving costs, are included in cost of product revenue.

Deferred Contract Costs

Deferred contract costs consist primarily of the costs of products delivered, and services performed, that are subject to additional performance obligations or customer acceptance. These deferred contract costs are expensed at the time the related revenue is recognized.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist primarily of prepaid insurance premiums, prepaid license fees, purchase deposits, advance payments to contractors, unbilled receivables, prepaid taxes and miscellaneous receivables. Prepaid expenses and other current assets include the following (dollars in thousands):



	December 31, 2016		March 31, 2016
Unbilled accounts receivable	$	1,031	$	4,307
Other prepaid expenses	654		731
Total	$	1,685	$	5,038

Property and Equipment

Property and equipment are stated at cost. Expenditures for additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the lives of the respective assets, are expensed as incurred. Properties sold, or otherwise disposed of, are removed from the property accounts, with gains or losses on disposal credited or charged to income from operations.

Orion periodically reviews the carrying values of property and equipment for impairment in accordance with ASC 360, Property, Plant and Equipment, if events or changes in circumstances indicate that the assets may be impaired. The estimated future undiscounted cash flows expected to result from the use of the assets and their eventual disposition are compared to the assets' carrying amount to determine if a write down to market value is required.

On June 30, 2016, Orion completed the sale of its Manitowoc manufacturing and distribution facility for gross cash proceeds of $2,600,000, which approximated the assets' net carrying values. In conjunction with the sale, Orion entered into an agreement with the buyer to leaseback approximately 197,000 square feet of the building for not less than three years, subject to mutual options to reduce the amount of leased space.

Property and equipment were comprised of the following (dollars in thousands):



	December 31, 2016			March 31, 2016
Land and land improvements	$	424		$	421
Buildings and building improvements	9,245			11,849
Furniture, fixtures and office equipment	7,028			7,233
Leasehold improvements	162			148
Equipment leased to customers	4,997			4,997
Plant equipment	11,327			10,805
Construction in progress	266			128
	33,449			35,581
Less: accumulated depreciation and amortization	(19,599		)	(18,577		)
Property and equipment, net	$	13,850		$	17,004

Equipment included above under capital leases was as follows (in thousands):



	December 31, 2016			March 31, 2016
Equipment	$	581		$	408
Less: accumulated depreciation and amortization	(166		)	(65		)
Equipment, net	$	415		$	343

Depreciation is provided over the estimated useful lives of the respective assets, using the straight-line method. Orion recorded depreciation expense of $348,000 and $1,103,000 for the three and nine months ended December 31, 2016, respectively, and $759,000 and $2,320,000 for the three and nine months ended December 31, 2015, respectively.

Depreciable lives by asset category are as follows:



Land improvements	10-15 years
Buildings and building improvements	3-39 years
Furniture, fixtures and office equipment	2-10 years
Leasehold improvements	Shorter of asset life or life of lease
Equipment leased to customers	20 years
Plant equipment	3-10 years

Other Intangible Assets

The costs of specifically identifiable intangible assets that do not have an indefinite life are amortized over their estimated useful lives. Intangible assets with indefinite lives are not amortized and are reviewed for impairment annually, as of January 1, or more frequently if impairment indicators arise.

Amortizable intangible assets are amortized over their estimated economic useful life to reflect the pattern of economic benefits consumed based upon the following lives and methods:



Patents	10-17 years	Straight-line
Licenses	7-13 years	Straight-line
Customer relationships	5-8 years	Accelerated based upon the pattern of economic benefits consumed
Developed technology	8 years	Accelerated based upon the pattern of economic benefits consumed
Non-competition agreements	5 years	Straight-line

Indefinite lived intangible assets are evaluated for potential impairment whenever events or circumstances indicate that the carrying value may not be recoverable based primarily upon whether expected future undiscounted cash flows are sufficient to support the asset recovery. If the actual useful life of the asset is shorter than the estimated life estimated by us, the asset may be deemed to be impaired and accordingly a write-down of the value of the asset determined by a discounted cash flow analysis or shorter amortization period may be required.

The components of, and changes in, the carrying amount of other intangible assets were as follows (dollars in thousands):



	December 31, 2016							March 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Patents	$	2,620	$	(1,174	)	$	1,446	$	2,377	$	(1,053	)	$	1,324
Licenses	58		(58		)	—		58		(58		)	—
Trade name and trademarks	1,965		—			1,965		1,956		—			1,956
Customer relationships	3,600		(2,976		)	624		3,600		(2,512		)	1,088
Developed technology	900		(386		)	514		900		(265		)	635
Non-competition agreements	100		(70		)	30		100		(55		)	45
Total	$	9,243	$	(4,664	)	$	4,579	$	8,991	$	(3,943	)	$	5,048

Amortization expense on intangible assets was $239,000 and $351,000 for the three months ended December 31, 2016 and 2015, respectively.

Amortization expense on intangible assets was $721,000 and $1,055,000 for the nine months ended December 31, 2016 and 2015, respectively.

As of December 31, 2016, the weighted average useful life of intangible assets was 6.14 years.

The estimated amortization expense for each of the next five years is shown below (dollars in thousands):



Fiscal 2017, remaining quarter	$	178
Fiscal 2018	618
Fiscal 2019	442
Fiscal 2020	357
Fiscal 2021	282
Fiscal 2022	164
Thereafter	573
Total	$	2,614

Other Long-Term Assets

Other long-term assets include the following (dollars in thousands):



	December 31, 2016		March 31, 2016
Deferred financing costs	$	9	$	92
Security deposits	116		87
Other	40		6
Total	$	165	$	185

Deferred financing costs relate to Orion’s revolving credit agreement and are recognized to interest expense straight-line over the remaining term of the credit agreement.

Accrued Expenses and Other

Accrued expenses and other include the following (dollars in thousands):



	December 31, 2016		March 31, 2016
Compensation and benefits	$	1,982	$	1,794
Sales tax	174		913
Contract costs	551		586
Legal and professional fees (1)	2,122		2,348
Warranty	612		554
Other accruals	521		391
Total	$	5,962	$	6,586

(1) Includes a $1,400 loss contingency.

Orion generally offers a limited warranty of one to ten years on its lighting products in addition to those standard warranties offered by major original equipment component manufacturers. The manufacturers’ warranties cover lamps and ballasts, which are significant components in Orion's lighting products.

Changes in Orion’s warranty accrual (both current and long-term) were as follows (dollars in thousands):



	Three Months Ended December 31,						Nine Months Ended December 31,
	2016			2015			2016			2015
Beginning of period (1)	$	1,114		$	1,043		$	864		$	1,015
Provision (adjustment) to product cost of revenue	(190		)	(1		)	61			88
Charges	(2		)	(104		)	(3		)	(165		)
End of period (1)	$	922		$	938		$	922		$	938

(1) Includes a $310 reserve related to solar operating system warranties.

Revenue Recognition

Revenue is recognized on the sales of Orion's lighting and related energy-efficiency systems and products when the following four criteria are met:

1.persuasive evidence of an arrangement exists;

2.delivery has occurred and title has passed to the customer;

3.the sales price is fixed and determinable and no further obligation exists; and

4.collectability is reasonably assured.

These four criteria are met for Orion’s product-only revenue upon delivery of the product and title passing to the customer. At that time, Orion provides for estimated costs that may be incurred for product warranties and sales returns. Revenues are presented net of sales tax and other sales related taxes.

For sales of Orion’s lighting and energy management technologies under multiple element arrangements, consisting of a combination of product sales and services, Orion determines revenue by allocating the total contract revenue to each element based on their relative selling prices in accordance with ASC 605-25, Revenue Recognition - Multiple Element Arrangements. In such circumstances, Orion uses a hierarchy to determine the selling price to be used for allocating revenue to deliverables: (1) vendor-specific objective evidence (VSOE) of fair value, if available, (2) third-party evidence (TPE) of selling price if VSOE is not available, and (3) best estimate of the selling price if neither VSOE nor TPE is available (a description as to how Orion determines estimated selling price is provided below).

The nature of Orion’s multiple element arrangements for the sale of its lighting and energy management technologies is similar to a construction project, with materials being delivered and contracting and project management activities occurring according to an installation schedule. The significant deliverables include the shipment of products and related transfer of title and the installation.

To determine the selling price in multiple-element arrangements, Orion establishes the selling price for its energy management system products using management's best estimate of the selling price, as VSOE and TPE do not exist. Product revenue is recognized when products are shipped. For product revenue, management's best estimate of selling price is determined using a cost plus gross profit margin method. In addition, Orion records in service revenue the selling price for its installation and recycling services using management’s best estimate of selling price, as VSOE and TPE do not exist. Service revenue is recognized when services are completed and customer acceptance has been received. Recycling services provided in connection with installation entail the disposal of the customer’s legacy lighting fixtures. Orion’s service revenues, other than for installation and recycling that are completed prior to delivery of the product, are included in product revenue using management’s best estimate of selling price, as VSOE and TPE do not exist. These services include comprehensive site assessment, site field verification, utility incentive and government subsidy management, engineering design, and project management. For these services, along with Orion's installation and recycling services, under a multiple-element arrangement, management’s best estimate of selling price is determined by considering economic conditions and trends, customer demand, pricing practices, margin objectives, competition, geographies in which Orion offers its products and services and internal costs. The determination of an estimated selling price is made through consultation with and approval by management, taking into account the preceding factors.

Orion offers a financing program, called an Orion Throughput Agreement, or OTA, for a customer’s lease of Orion’s energy management systems. The OTA is structured as a sales-type lease and upon successful installation of the system and customer acknowledgment that the system is operating as specified, revenue is recognized at Orion’s net investment in the lease, which typically is the net present value of the future cash flows.

Orion offers a financing program, called a power purchase agreement, or PPA, for Orion’s renewable energy product offerings. A PPA is a supply side agreement for the generation of electricity and subsequent sale to the end user. Upon the customer’s acknowledgment that the system is operating as specified, product revenue is recognized on a monthly basis over the life of the PPA contract, which is typically in excess of 10 years.

Deferred revenue relates to advance customer billings, investment tax grants received related to PPAs and long term maintenance contracts on OTAs and is classified as a liability on the condensed consolidated balance sheet. The fair value of the maintenance is readily determinable based upon pricing from third-party vendors. Deferred revenue related to maintenance services is recognized when the services are delivered, which occurs in excess of a year after the original OTA contract is executed.

Net Loss per Common Share

Basic net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted-average number of common shares outstanding for the period and does not consider common stock equivalents.

For the three and nine months ended December 31, 2016 and 2015, Orion was in a net loss position; therefore, the basic and diluted weighted average shares outstanding are equal because any increase to the basic shares would be anti-dilutive. Net loss per common share is calculated based upon the following:



	Three Months Ended December 31,						Nine Months Ended December 31,
	2016			2015			2016			2015
Numerator:
Net loss (in thousands)	$	(1,086	)	$	(2,004	)	$	(4,996	)	$	(9,256	)
Denominator:
Weighted-average common shares outstanding	28,258,742			27,671,633			28,106,209			27,584,288
Weighted-average common shares and common share equivalents outstanding	28,258,742			27,671,633			28,106,209			27,584,288
Net loss per common share:
Basic	$	(0.04	)	$	(0.07	)	$	(0.18	)	$	(0.34	)
Diluted	$	(0.04	)	$	(0.07	)	$	(0.18	)	$	(0.34	)

The following table indicates the number of potentially dilutive securities excluded from the calculation of diluted net loss per common share because their inclusion would have been anti-dilutive. Amounts are as of the end of each period:



	December 31, 2016	December 31, 2015
Common stock options	1,561,953	2,178,826
Restricted shares	1,661,543	1,005,539
Total	3,223,496	3,184,365

Concentration of Credit Risk and Other Risks and Uncertainties

Orion's cash is deposited with two financial institutions. At times, deposits in these institutions exceed the amount of insurance provided on such deposits. Orion has not experienced any losses in such accounts and believes that it is not exposed to any significant financial institution viability risk on these balances.

Orion purchases components necessary for its lighting products, including ballasts, lamps and LED components, from multiple suppliers. For the three and nine months ended December 31, 2016, no supplier accounted for more than 10% of total cost of revenue. For the three months ended December 31, 2015, two suppliers accounted for 18.1% and 12.6% of total cost of revenue. For the nine months ended December 31, 2015, no supplier accounted for more than 10% of total cost of revenue.

For the three and nine months ended December 31, 2016 and 2015, no customer accounted for more than 10% of revenue.

As of December 31, 2016, no customer accounted for more than 10% of accounts receivable. As of March 31, 2016, one customer accounted for 10.3% of accounts receivable.

Recent Accounting Pronouncements

Issued: Not Yet Adopted

In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15, "Classification of Certain Cash Receipts and Cash Payments," which provides clarification and additional guidance as to the presentation and classification of certain cash receipts and cash payments in the statement of cash flows. The ASU provides guidance, as to the classification of a number of transactions including: contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies, and distributions received from equity method investees. The new standard will be effective for Orion in the first quarter of fiscal 2019 and will be applied through retrospective adjustment to all periods presented. Orion does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting," which changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as the classification of related matters in the statement of cash flows. The ASU is effective for Orion in the first quarter of Orion's fiscal 2018. Management is currently assessing the impact of adoption on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Subtopic 842)." This ASU requires that lessees recognize assets and liabilities on the balance sheet for the rights and obligations created by long-term leases and disclose additional quantitative and qualitative information about leasing arrangements. This ASU also provides clarifications surrounding the presentation of the effects of leases in the income statement and statement of cash flows. This guidance will be effective for Orion on April 1, 2019. Management is currently assessing the impact of adoption on its consolidated financial statements.

In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes,” to simplify the presentation of deferred taxes. The amendments in this update require that deferred tax assets and liabilities be classified as non-current on the balance sheet. This ASU is effective for Orion's annual reporting period, and interim periods therein, beginning on April 1, 2017 with earlier adoption permitted. The guidance may be adopted either prospectively or retrospectively. Orion does not expect adoption of this standard will have a significant impact on its consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory,” which changes the measurement principle for inventory from the lower of cost or market to the lower of cost or net realizable value for entities that measure inventory using first-in, first-out (FIFO) or average cost. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This ASU is effective for Orion on April 1, 2017. Orion does not expect adoption of this standard will have a significant impact on its consolidated financial statements.

In August 2014, the FASB issued Accounting Standards Update No. 2014-15, "Presentation of Financial Statements - Going Concern" ("ASU 2014-15"). ASU 2014-15 requires an entity's management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern and if those conditions exist, the required disclosures. The standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016 with early adoption permitted. Orion does not expect adoption of this standard will have a significant impact on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Since the issuance of this ASU, the FASB has issued further ASU’s to provide additional guidance and clarification as to the application of ASU 2014-09 and delaying its original effective date. These ASU’s are effective for Orion beginning on April 1, 2018 (as amended by ASU 2015-14). Companies may use either a full retrospective or modified retrospective approach to adopt this ASU. Orion is in the initial stages of evaluating the impact of adoption of ASU 2014-09, ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-11, ASU 2016-12 and ASU 2016-20 and continues to evaluate the available transition methods.

Recently Adopted Standards

As of April 1, 2016. Orion adopted the provisions of ASU 2015-03 “Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” and the related ASU 2015-15 “Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line of Credit Arrangements- Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update).” This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a reduction of the carrying amount of that debt liability, consistent with debt discounts, with the exception of debt issuance costs associated with line of credit agreements which may remain classified as an asset and amortized ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. As Orion’s only deferred debt issuance costs relate to its revolving line of credit, upon adoption of these standards a reclassification of the deferred financing costs was not required and there was no impact on Orion’s condensed consolidated financial statements.

Related Party Transactions	9 Months Ended
Related Party Transactions	Dec. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS During the three months ended December 31, 2016 and 2015, Orion purchased goods and services in the amount of approximately $21,000 and $9,000, respectively, from an entity for which a director of Orion is a minority owner and serves as president and chairman of the board of directors and from an immediate family member of a named executive officer. During the nine months ended December 31, 2016 and 2015, Orion purchased goods and services in the amount of approximately $53,000 and $15,000, respectively, from an entity for which a director of Orion is a minority owner and serves as president and chairman of the board of directors and from an immediate family member of a named executive officer. .

Long-Term Debt

9 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consisted of the following (in thousands):



	December 31, 2016			March 31, 2016
Revolving credit facility	$	5,882		$	3,719
Harris seller's note	—			546
Equipment lease obligations	373			345
Customer equipment finance notes payable	8			90
Other long-term debt	27			67
Total long-term debt	6,290			4,767
Less current maturities	(192		)	(746		)
Long-term debt, less current maturities	$	6,098		$	4,021

Revolving Credit Agreement

Orion has an amended credit agreement (Credit Agreement) that provides for a revolving credit facility (Credit Facility)subject to a borrowing base requirement based on eligible receivables and inventory. As of December 31, 2016 Orion's borrowing base was approximately $9,648,000. The Credit Facility has a maturity date of February 6, 2019 and includes a $2,000,000 sublimit for the issuance of letters of credit.

Subject in each case to Orion's applicable borrowing base limitations, the Credit Agreement otherwise provides for a $15,000,000 Credit Facility. This limit may increase to $20,000,000 based on a borrowing base requirement, if Orion satisfies certain conditions. Orion did not meet the requirements to increase the borrowing limit to $20,000,000 as of July 31, 2016, the most recent measurement date.

From and after any increase in the Credit Facility limit from $15,000,000 to $20,000,000, the Credit Agreement requires that Orion maintain, as of the end of each month, a minimum ratio for the trailing twelve-month period of (i) earnings before interest, taxes, depreciation and amortization, subject to certain adjustments, to (ii) the sum of cash interest expense, certain principal payments on indebtedness and certain dividends, distributions and stock redemptions, equal to at least 1.10 to 1.00. The Credit Agreement contains additional customary covenants, including certain restrictions on Orion’s ability to incur additional indebtedness, consolidate or merge, enter into acquisitions, guarantee obligations of third parties, make loans or advances, declare or pay any dividend or distribution on Orion’s stock, redeem or repurchase shares of Orion’s stock, or pledge or dispose of assets.

Each subsidiary of Orion is a joint and several co-borrower or guarantor under the Credit Agreement, and the Credit Agreement is secured by a security interest in substantially all of Orion’s and each subsidiary’s personal property (excluding various assets relating to customer OTAs) and a mortgage on certain real property.

Borrowings under the Credit Agreement bear interest at the daily three-month LIBOR plus 3.0% per annum, with a minimum interest charge for each year or portion of a year during the term of the Credit Agreement of $130,000, regardless of usage. As of December 31, 2016, the interest rate was 4.00%. Orion must pay an unused line fee of 0.25% per annum of the daily average unused amount of the Credit Facility and a letter of credit fee at the rate of 3.0% per annum on the undrawn amount of letters of credit outstanding from time to time under the Credit Facility.

As of December 31, 2016, Orion had no outstanding letters of credit. Borrowings outstanding as of December 31, 2016, amounted to approximately $5,882,000 and are included in non-current liabilities in the accompanying Condensed Consolidated Balance Sheet. Orion estimates that as of December 31, 2016, it was eligible to borrow an additional $2,036,554 under the Credit Facility based upon current levels of eligible inventory and accounts receivable.

Orion was in compliance with its covenants in the Credit Agreement as of December 31, 2016.

Harris Seller's Note

On July 1, 2013, Orion issued an unsecured and subordinated promissory note in the principal amount of $3,124,000 to partially fund the acquisition of Harris Manufacturing, Inc. and Harris LED, LLC (collectively, "Harris"). The note is included in the table above as Harris seller's note. The note's interest rate was 4% per annum. Principal and interest were payable quarterly. The note matured in July 2016 and was paid in full upon maturity.

Equipment Lease Obligation

In March 2016 and June 2015, Orion entered into lease agreements with a financing company in the principal amount of $19,000 and $377,000, respectively, to fund certain equipment. The leases are secured by the related equipment. The leases bear interest at a rate of 5.94% and 3.6%, respectively, and mature in February 2018 and June 2020. Both leases contain a one dollar buyout option.

Customer Equipment Finance Notes Payable

In December 2014, Orion entered into a secured borrowing agreement with a financing company in the principal amount of $446,000 to fund completed customer contracts under its OTA finance program that were previously funded under a different OTA credit agreement. The loan amount is secured by the OTA-related equipment and the expected future monthly payments under the supporting 25 individual OTA customer contracts. The borrowing agreement bears interest at a rate of 8.36% and matures in April 2018.

In June 2011, Orion entered into a note agreement with a financial institution that provided Orion with $2,831,000 to fund completed customer contracts under Orion’s OTA finance program. This note is included in the table above as customer equipment finance notes payable in the prior year. The note bore interest at 7.85%. The note matured in April 2016 and was paid in full upon maturity.

Other Long-Term Debt

In September 2010, Orion entered into a note agreement with the Wisconsin Department of Commerce that provided Orion with $260,000 to fund Orion’s rooftop solar project at its Manitowoc facility. This note is included in the table above as other long-term debt. The note is collateralized by the related solar equipment. The note allowed for two years without interest accruing or principal payments due. Beginning in July 2012, the note bears interest at 2% and requires monthly payments of $4,600. The note matures in June 2017. The note agreement requires Orion to maintain a certain number of jobs at its Manitowoc facilities during the note’s duration. Orion was in compliance with all covenants in the note agreement as of December 31, 2016.

Income Taxes	9 Months Ended
Income Taxes	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax provision for the three months ended December 31, 2016 was determined by applying an estimated annual effective tax rate of 0.1% to loss before income tax. The estimated effective tax rate for the three month period ended December 31, 2015 was (0.1)%. The estimated effective income tax rate was determined by applying statutory tax rates to pretax loss adjusted for certain permanent book to tax differences and tax credits. The income tax provision for the nine months ended December 31, 2016 was determined by applying an estimated annual effective tax rate of (0.4)% to loss before income tax. Orion had discrete tax items in the first quarter of fiscal 2017 that increased the rate by 5.4% which resulted in a net rate for the quarter of 5.0%. The discrete tax items related to federal tax refunds and the release of a valuation reserve. The estimated effective tax rate for the nine month period ended December 31, 2015 was (0.1)%. Orion is eligible for tax benefits associated with the excess of the tax deduction available for exercises of non-qualified stock options (NQSOs) over the amount recorded at grant. The amount of the benefit is based upon the ultimate deduction reflected in the applicable income tax return. As of December 31, 2016, Orion had federal net operating loss carryforwards of approximately $61,254,000, of which $3,151,000 are associated with the exercise of NQSOs that have not yet been recognized by Orion in its financial statements. Orion also has state net operating loss carryforwards of approximately $52,022,000, of which $3,471,000 are associated with the exercise of NQSOs. Orion also had federal tax credit carryforwards of approximately $1,403,000 and state tax credits of $724,000. Orion's net operating loss and tax credit carryforwards will begin to expire in varying amounts between 2020 and 2036. As of December 31, 2016, Orion had recorded a valuation allowance of $27,325,000 equaling the net deferred tax asset due to the uncertainty of its realization value in the future. Orion considers future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for the valuation allowance. In the event that Orion determines that the deferred tax assets are able to be realized, an adjustment to the deferred tax asset would increase income in the period such determination is made. Uncertain Tax Positions As of December 31, 2016, the balance of gross unrecognized tax benefits was approximately $113,000, all of which would reduce Orion’s effective tax rate if recognized. Orion has classified the amounts recorded for uncertain tax benefits in the balance sheet as other liabilities (non-current) to the extent that payment is not anticipated within one year. Orion recognizes penalties and interest related to uncertain tax liabilities in income tax expense. Penalties and interest are immaterial and are included in the unrecognized tax benefits.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Leases Orion leases office space and equipment under operating leases expiring at various dates through 2020. Rent expense under operating leases was $290,000 and $130,000 for the three months ended December 31, 2016 and 2015, respectively, and $612,000 and $376,000 for the nine months ended December 31, 2016 and 2015, respectively. On March 1, 2016, Orion entered into a lease agreement as a lessor for excess office space at its corporate headquarters in Manitowoc, Wisconsin. The initial term of the lease is 24 months and the tenant has the option to extend the term for up to three additional twelve-month periods. The monthly rental payment Orion receives is $21,000 and is included as a reduction to general and administrative expenses. On March 31, 2016, Orion entered into a purchase and sale agreement ("Agreement") with Tramontina to sell and leaseback Orion's manufacturing and distribution facility for a gross cash proceeds of $2,600,000. The transaction closed on June 30, 2016. Pursuant to the Agreement, a lease was entered into on June 30, 2016, in which Orion is leasing approximately 197,000 square feet of the building for not less than three years, with rent at $2.00 per square foot per annum. Orion's monthly payment under this lease is approximately $40,000. The lease contains options by either party to reduce the amount of leased space after March 1, 2017. Litigation Orion is subject to various claims and legal proceedings arising in the ordinary course of business. As of the date of this report, Orion is unable to currently assess whether the final resolution of any of such claims or legal proceedings may have a material adverse effect on Orion. In addition to ordinary-course litigation, Orion is a party to the proceedings described below. On March 27, 2014, Orion was named as a defendant in a civil lawsuit filed by Neal R. Verfuerth, Orion's former chief executive officer who was terminated for cause in November 2012, in the United States District Court for the Eastern District of Wisconsin (Green Bay Division). The plaintiff alleged, among other things, that Orion breached certain agreements entered into with the plaintiff, including the plaintiff’s employment agreement, and violated certain laws. The complaint sought, among other relief, unspecified pecuniary and compensatory damages, fees and such other relief as the court may deem just and proper. On November 4, 2014, the court granted Orion's motion to dismiss six of the plaintiff's claims. On January 9, 2015, the plaintiff filed an amended complaint re-alleging claims that were dismissed by the court, including, among other things, a retaliation claim and certain claims with respect to prior management agreements and certain intellectual property rights. On January 22, 2015, Orion filed a motion to dismiss and a motion to strike certain of the claims made in the amended complaint. On May 18, 2015, the court dismissed the intellectual property claims re-alleged in the January 9, 2015 amended complaint. At the court's direction, the parties attempted to mediate the matter in May 2016, but were unsuccessful in resolving the matter. On August 25, 2016, the Chief Judge of the United States District Court for the Eastern District of Wisconsin (Green Bay Division) dismissed all claims against Orion brought by the plaintiff, including his claims that Orion had allegedly breached the plaintiff’s employment agreement and had allegedly violated the plaintiff's whistleblower rights. On September 22, 2016, the plaintiff filed an appeal to the United States Court of Appeals challenging the judgment rendered on August 25, 2016. The plaintiff’s appeal is currently subject to court mandated mediation. Orion intends to continue to defend against the claims vigorously. Orion believes that it has substantial legal and factual defenses to the claims and allegations remaining in the case and that Orion will prevail in this proceeding. Based upon the current status of the lawsuit, Orion does not believe that it is reasonably possible that the lawsuit will have a material adverse impact on its future continuing results of operations. State Tax Assessment Orion negotiated a settlement with the Wisconsin Department of Revenue with respect to an assessment regarding the proper classification of its products for tax purposes under Wisconsin law. Orion resolved this matter with the Wisconsin Department of Revenue in June 2016 for $460,000.

Shareholders' Equity

9 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS’ EQUITY

Employee Stock Purchase Plan

In August 2010, Orion’s board of directors approved a non-compensatory employee stock purchase plan, or ESPP. Orion had the following shares issued from treasury during the nine months ended December 31, 2016:



	Shares Issued Under ESPP Plan	Closing Market Price
Quarter Ended June 30, 2016	1,771	$1.16
Quarter Ended September 30, 2016	1,511	$1.33
Quarter Ended December 31, 2016	840	$2.17
Total issued in fiscal 2017	4,122

In prior years, Orion issued loans to non-executive employees to purchase shares of its stock. As of December 31, 2016 and March 31, 2016, $4,000 of such loans remained outstanding and are reflected on Orion’s balance sheet as a contra-equity account. No new loans were issued during the periods presented as the loan program was discontinued.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Stock Options and Restricted Shares

9 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK OPTIONS AND RESTRICTED SHARES

At Orion's 2016 Annual Meeting of Shareholders held on August 3, 2016, Orion's shareholders approved the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan (the "Plan"). The Plan authorizes grants of equity-based and incentive cash awards to eligible participants designated by the Plan's administrator. Awards under the Plan may consist of stock options, stock appreciation rights, performance shares, performance units, shares of Orion's common stock ("Common Stock"), restricted stock, restricted stock units, incentive awards or dividend equivalent units. An aggregate of 1,750,000 shares of Common Stock are reserved for issuance under the Plan.

Prior to shareholder approval of the Plan, the Company maintained its 2004 Stock and Incentive Awards Plan, as amended, which authorized the grant of cash and equity awards to employees (the “Former Plan”). No new awards will be granted under the Former Plan, however, all awards granted under the Former Plan that were outstanding as of August 3, 2016 will continue to be governed by the Former Plan.

Certain non-employee directors have elected to receive stock awards in lieu of cash compensation pursuant to elections made under Orion’s non-employee director compensation program. The plans also permit accelerated vesting in the event of certain changes of control of Orion as well as under other special circumstances.

Orion has historically granted stock options and restricted stock under the Former Plan. Orion has not issued stock options since fiscal 2014 and instead has issued restricted stock.

Orion accounts for stock-based compensation in accordance with ASC 718, Compensation - Stock Compensation. Under the fair value recognition provisions of ASC 718, stock-based compensation is measured at the grant date based on the fair value of the award and is recognized as expense ratably over the requisite service period, net of estimated forfeitures.

For the three months ended December 31, 2016, an aggregate of 14,000 restricted shares were granted valued at a price per share of $1.42, which was the closing market price as of the grant date. For the three months ended December 31, 2015, an aggregate of 154,281 restricted shares were granted valued at a price per share of between $1.76 and $2.04, which was the closing market price as of each grant date.

For the nine months ended December 31, 2016, an aggregate of 1,061,142 restricted shares were granted valued at a price per share of between $1.35 and $1.50, which was the closing market price as of each grant date. For the nine months ended December 31, 2015, an aggregate of 723,815 restricted shares were granted valued at a price per share of between $1.76 and $2.62, which was the closing market price as of each grant date.

On June 7, 2016, Orion issued and sold 57,065 shares of its common stock to an executive. On August 5, 2016, Orion sold an aggregate of 63,381 shares of its common stock, in equal amounts, to three recently retired members of Orion's board of directors. In each case, the purchase price for the shares was calculated based on the closing price of Orion's common stock on the NASDAQ Capital Market of the date of the issuance. The shares of common stock were offered and sold pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(2) and Rule 701.

The following amounts of stock-based compensation were recorded (in thousands):



	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Cost of product revenue	$	7	$	9	$	30	$	29
General and administrative	283		327		1,035		902
Sales and marketing	64		74		116		210
Research and development	30		19		71		25
Total	$	384	$	429	$	1,252	$	1,166

The following table summarizes information with respect to the Plans:



			Outstanding Awards
	Shares Available for Grant		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Balance at March 31, 2016	787,686		2,017,046		$	3.32	4.54
Shares reserved under new plan	1,750,000		—
Granted stock options	—		—		—
Granted shares	(53,079	)	—		—
Restricted shares	(1,061,142	)	—		—
Forfeited restricted shares	90,300		—		—
Forfeited stock options	375,093		(375,093	)	3.54
Exercised	—		(80,000	)	2.20
Balance at December 31, 2016	1,888,858		1,561,953		$	3.33	4.06	$	125,842
Exercisable at December 31, 2016			1,423,753		$	3.41	4.03	$	107,391

The aggregate intrinsic value represents the total pre-tax intrinsic value, which is calculated as the difference between the exercise price of the underlying stock options and the fair value of Orion’s closing common stock price of $2.17 as of December 31, 2016.

A summary of the status of Orion’s outstanding non-vested stock options as of December 31, 2016 was as follows:



Non-vested at March 31, 2016	205,900
Granted	—
Vested	(65,300	)
Forfeited	(2,400	)
Non-vested at December 31, 2016	138,200

As of December 31, 2016, compensation cost related to non-vested common stock-based compensation, excluding restricted share awards, amounted to $100,000 over a remaining weighted average expected term of 0.94 years.

During the first nine months of fiscal 2017, Orion granted restricted shares as follows (which are included in the above stock plan activity tables):



Balance at March 31, 2016	1,053,389
Shares issued	1,061,142
Shares vested	(362,688	)
Shares forfeited	(90,300	)
Shares outstanding and non-vested at December 31, 2016	1,661,543
Per share price on grant date	$1.35 - $6.80

As of December 31, 2016, the weighted average grant-date fair value of restricted shares granted for the period was $1.39.

As of December 31, 2016, the amount of deferred stock-based compensation expense related to grants of restricted shares, to be recognized over a remaining period of 2.19 years, was approximately $2,200,000.

- 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 + Details

Segments

9 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

SEGMENTS

Orion has the following business segments: Orion U.S. Markets Division ("USM"), Orion Engineered Services Division ("OES") and Orion Distribution Services Division ("ODS"). The accounting policies are the same for each business segment as they are on a consolidated basis.

Orion U.S. Markets Division ("USM")

The USM segment sells commercial lighting systems and energy management systems to the wholesale contractor markets. USM customers include domestic energy service companies, or ESCOs, and electrical contractors. During fiscal 2017, sales from this division are in the process of migrating to distribution channel sales through manufacturer's representative agents. The migrated sales are included in Orion's Distribution Services Division.

Orion Engineered Systems Division ("OES")

The OES segment develops and sells lighting products and provides construction and engineering services for Orion's commercial lighting and energy management systems. OES provides turnkey solutions for large national accounts, governments, municipalities and schools.

Orion Distribution Services Division ("ODS")

The ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of broadline North American distributors.

Corporate and Other

Corporate and Other is comprised of operating expenses not directly allocated to Orion’s segments and adjustments to reconcile to consolidated results.



	Revenues				Operating Income (Loss)
	For the Three Months Ended December 31,				For the Three Months Ended December 31,
	2016		2015		2016			2015
(dollars in thousands)
Segments:
Orion U.S. Markets	$	5,368	$	9,569	$	367		$	235
Orion Engineered Systems	8,288		6,408		(81		)	(577		)
Orion Distribution Services	6,961		774		229			2
Corporate and Other	—		—		(1,543		)	(1,602		)
	$	20,617	$	16,751	$	(1,028	)	$	(1,942	)

	Revenues				Operating Income (Loss)
	For the Nine Months Ended December 31,				For the Nine Months Ended December 31,
	2016		2015		2016			2015
(dollars in thousands)
Segments:
U.S. Markets	$	16,462	$	31,075	$	558		$	(593	)
Engineered Systems	22,062		17,012		(878		)	(3,395		)
Distribution Services	16,397		980		(132		)	(157		)
Corporate and Other	—		—		(4,823		)	(4,967		)
	$	54,921	$	49,067	$	(5,275	)	$	(9,112	)

- 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 Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Subsequent Events	9 Months Ended
Subsequent Events	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transaction that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Nonrecognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management has reviewed events occurring through the date the financial statements were issued and noted no subsequent event requiring accrual or disclosure.

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Principles of Consolidation

Reclassifications

Where appropriate, certain reclassifications have been made to prior years’ financial statements to conform to the current year presentation.

Basis of Presentation

Use of Estimates

Cash and Cash Equivalents

Orion considers all highly liquid, short-term investments with original maturities of three months or less to be cash equivalents.

Fair Value of Financial Instruments

Level 1 — Valuations are based on unadjusted quoted prices in active markets for identical assets or liabilities.

Accounts Receivable

Financing Receivables

In some limited instances, Orion extends financing to its customers in the form of sales-type leases.

Inventories

Deferred Contract Costs

Prepaid Expenses and Other Current Assets

Property and Equipment

Other Intangible Assets

Amortizable intangible assets are amortized over their estimated economic useful life to reflect the pattern of economic benefits consumed based upon the following lives and methods:



Patents	10-17 years	Straight-line
Licenses	7-13 years	Straight-line
Customer relationships	5-8 years	Accelerated based upon the pattern of economic benefits consumed
Developed technology	8 years	Accelerated based upon the pattern of economic benefits consumed
Non-competition agreements	5 years	Straight-line

Other Long-Term Assets

Deferred financing costs relate to Orion’s revolving credit agreement and are recognized to interest expense straight-line over the remaining term of the credit agreement.

Accrued Expenses and Other

Revenue Recognition

Revenue is recognized on the sales of Orion's lighting and related energy-efficiency systems and products when the following four criteria are met:

1.persuasive evidence of an arrangement exists;

2.delivery has occurred and title has passed to the customer;

3.the sales price is fixed and determinable and no further obligation exists; and

4.collectability is reasonably assured.

Net Loss per Common Share

Concentration of Credit Risk and Other Risks and Uncertainties

Orion purchases components necessary for its lighting products, including ballasts, lamps and LED components, from multiple suppliers.

Recent Accounting Pronouncements

Issued: Not Yet Adopted

Recently Adopted Standards

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Schedule of accounts receivable

Orion's accounts receivable and allowance for doubtful accounts balances were as follows (dollars in thousands):



	December 31, 2016			March 31, 2016
Accounts receivable, gross	$	11,874		$	11,394
Allowance for doubtful accounts	(144		)	(505		)
Accounts receivable, net	$	11,730		$	10,889

Schedule of financing receivables

Additional disclosures on the credit quality of these financing receivables are as follows:

Aging Analysis as of December 31, 2016 (dollars in thousands):



	Not Past Due		1-90 days past due		Greater than 90 days past due		Total past due		Total sales-type leases
Lease balances included in consolidated accounts receivable—current	$	447	$	—	$	3	$	3	$	450
Lease balances included in consolidated accounts receivable—long-term	6		—		—		—		6
Total gross sales-type leases	453		—		3		3		456
Allowance	—		—		—		—		—
Total net sales-type leases	$	453	$	—	$	3	$	3	$	456

Aging Analysis as of March 31, 2016 (dollars in thousands):



	Not Past Due		1-90 days past due		Greater than 90 days past due			Total past due			Total sales-type leases
Lease balances included in consolidated accounts receivable—current	$	294	$	4	$	10		$	14		$	308
Lease balances included in consolidated accounts receivable—long-term	101		—		—			—			101
Total gross sales-type leases	395		4		10			14			409
Allowance	—		—		(9		)	(9		)	(9		)
Total net sales-type leases	$	395	$	4	$	1		$	5		$	400

Inventories

Orion's inventory balances were as follows (dollars in thousands):



	Cost		Obsolescence Reserve			Net
As of December 31, 2016
Raw materials and components	$	9,390	$	(1,112	)	$	8,278
Work in process	1,857		(252		)	1,605
Finished goods	7,207		(518		)	6,689
Total	$	18,454	$	(1,882	)	$	16,572

As of March 31, 2016
Raw materials and components	$	10,556	$	(1,052	)	$	9,504
Work in process	2,045		(119		)	1,926
Finished goods	6,550		(956		)	5,594
Total	$	19,151	$	(2,127	)	$	17,024

Prepaid expenses and other current assets

Prepaid expenses and other current assets include the following (dollars in thousands):



	December 31, 2016		March 31, 2016
Unbilled accounts receivable	$	1,031	$	4,307
Other prepaid expenses	654		731
Total	$	1,685	$	5,038

Property and equipment

Depreciable lives by asset category are as follows:



Land improvements	10-15 years
Buildings and building improvements	3-39 years
Furniture, fixtures and office equipment	2-10 years
Leasehold improvements	Shorter of asset life or life of lease
Equipment leased to customers	20 years
Plant equipment	3-10 years

Property and equipment were comprised of the following (dollars in thousands):



	December 31, 2016			March 31, 2016
Land and land improvements	$	424		$	421
Buildings and building improvements	9,245			11,849
Furniture, fixtures and office equipment	7,028			7,233
Leasehold improvements	162			148
Equipment leased to customers	4,997			4,997
Plant equipment	11,327			10,805
Construction in progress	266			128
	33,449			35,581
Less: accumulated depreciation and amortization	(19,599		)	(18,577		)
Property and equipment, net	$	13,850		$	17,004

Schedule of equipment under capital leases

Equipment included above under capital leases was as follows (in thousands):



	December 31, 2016			March 31, 2016
Equipment	$	581		$	408
Less: accumulated depreciation and amortization	(166		)	(65		)
Equipment, net	$	415		$	343

Schedule of intangible assets

The estimated amortization expense for each of the next five years is shown below (dollars in thousands):



Fiscal 2017, remaining quarter	$	178
Fiscal 2018	618
Fiscal 2019	442
Fiscal 2020	357
Fiscal 2021	282
Fiscal 2022	164
Thereafter	573
Total	$	2,614

Amortizable intangible assets are amortized over their estimated economic useful life to reflect the pattern of economic benefits consumed based upon the following lives and methods:



Patents	10-17 years	Straight-line
Licenses	7-13 years	Straight-line
Customer relationships	5-8 years	Accelerated based upon the pattern of economic benefits consumed
Developed technology	8 years	Accelerated based upon the pattern of economic benefits consumed
Non-competition agreements	5 years	Straight-line

The components of, and changes in, the carrying amount of other intangible assets were as follows (dollars in thousands):



	December 31, 2016							March 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Patents	$	2,620	$	(1,174	)	$	1,446	$	2,377	$	(1,053	)	$	1,324
Licenses	58		(58		)	—		58		(58		)	—
Trade name and trademarks	1,965		—			1,965		1,956		—			1,956
Customer relationships	3,600		(2,976		)	624		3,600		(2,512		)	1,088
Developed technology	900		(386		)	514		900		(265		)	635
Non-competition agreements	100		(70		)	30		100		(55		)	45
Total	$	9,243	$	(4,664	)	$	4,579	$	8,991	$	(3,943	)	$	5,048

Schedule of other long-term assets

Other long-term assets include the following (dollars in thousands):



	December 31, 2016		March 31, 2016
Deferred financing costs	$	9	$	92
Security deposits	116		87
Other	40		6
Total	$	165	$	185

Schedule of accrued expenses and other

Accrued expenses and other include the following (dollars in thousands):



	December 31, 2016		March 31, 2016
Compensation and benefits	$	1,982	$	1,794
Sales tax	174		913
Contract costs	551		586
Legal and professional fees (1)	2,122		2,348
Warranty	612		554
Other accruals	521		391
Total	$	5,962	$	6,586

(1) Includes a $1,400 loss contingency.

Changes in warranty accrual

Changes in Orion’s warranty accrual (both current and long-term) were as follows (dollars in thousands):



	Three Months Ended December 31,						Nine Months Ended December 31,
	2016			2015			2016			2015
Beginning of period (1)	$	1,114		$	1,043		$	864		$	1,015
Provision (adjustment) to product cost of revenue	(190		)	(1		)	61			88
Charges	(2		)	(104		)	(3		)	(165		)
End of period (1)	$	922		$	938		$	922		$	938

(1) Includes a $310 reserve related to solar operating system warranties.

Summary of the effect of net income per common share

Net loss per common share is calculated based upon the following:



	Three Months Ended December 31,						Nine Months Ended December 31,
	2016			2015			2016			2015
Numerator:
Net loss (in thousands)	$	(1,086	)	$	(2,004	)	$	(4,996	)	$	(9,256	)
Denominator:
Weighted-average common shares outstanding	28,258,742			27,671,633			28,106,209			27,584,288
Weighted-average common shares and common share equivalents outstanding	28,258,742			27,671,633			28,106,209			27,584,288
Net loss per common share:
Basic	$	(0.04	)	$	(0.07	)	$	(0.18	)	$	(0.34	)
Diluted	$	(0.04	)	$	(0.07	)	$	(0.18	)	$	(0.34	)

Number of potentially dilutive securities



	December 31, 2016	December 31, 2015
Common stock options	1,561,953	2,178,826
Restricted shares	1,661,543	1,005,539
Total	3,223,496	3,184,365

Long-Term Debt (Tables)

9 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consisted of the following (in thousands):



	December 31, 2016			March 31, 2016
Revolving credit facility	$	5,882		$	3,719
Harris seller's note	—			546
Equipment lease obligations	373			345
Customer equipment finance notes payable	8			90
Other long-term debt	27			67
Total long-term debt	6,290			4,767
Less current maturities	(192		)	(746		)
Long-term debt, less current maturities	$	6,098		$	4,021

Shareholders' Equity (Tables)

9 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Employee stock purchase plan activity



	Shares Issued Under ESPP Plan	Closing Market Price
Quarter Ended June 30, 2016	1,771	$1.16
Quarter Ended September 30, 2016	1,511	$1.33
Quarter Ended December 31, 2016	840	$2.17
Total issued in fiscal 2017	4,122

Stock Options and Restricted Shares (Tables)

9 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based compensation

The following amounts of stock-based compensation were recorded (in thousands):



	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Cost of product revenue	$	7	$	9	$	30	$	29
General and administrative	283		327		1,035		902
Sales and marketing	64		74		116		210
Research and development	30		19		71		25
Total	$	384	$	429	$	1,252	$	1,166

Summary of share based payment awards

The following table summarizes information with respect to the Plans:



			Outstanding Awards
	Shares Available for Grant		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Balance at March 31, 2016	787,686		2,017,046		$	3.32	4.54
Shares reserved under new plan	1,750,000		—
Granted stock options	—		—		—
Granted shares	(53,079	)	—		—
Restricted shares	(1,061,142	)	—		—
Forfeited restricted shares	90,300		—		—
Forfeited stock options	375,093		(375,093	)	3.54
Exercised	—		(80,000	)	2.20
Balance at December 31, 2016	1,888,858		1,561,953		$	3.33	4.06	$	125,842
Exercisable at December 31, 2016			1,423,753		$	3.41	4.03	$	107,391

Summary of outstanding non-vested stock options

A summary of the status of Orion’s outstanding non-vested stock options as of December 31, 2016 was as follows:



Non-vested at March 31, 2016	205,900
Granted	—
Vested	(65,300	)
Forfeited	(2,400	)
Non-vested at December 31, 2016	138,200

Summary of restricted shares granted

During the first nine months of fiscal 2017, Orion granted restricted shares as follows (which are included in the above stock plan activity tables):



Balance at March 31, 2016	1,053,389
Shares issued	1,061,142
Shares vested	(362,688	)
Shares forfeited	(90,300	)
Shares outstanding and non-vested at December 31, 2016	1,661,543
Per share price on grant date	$1.35 - $6.80

Segments (Tables)

9 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment reporting information



	Revenues				Operating Income (Loss)
	For the Three Months Ended December 31,				For the Three Months Ended December 31,
	2016		2015		2016			2015
(dollars in thousands)
Segments:
Orion U.S. Markets	$	5,368	$	9,569	$	367		$	235
Orion Engineered Systems	8,288		6,408		(81		)	(577		)
Orion Distribution Services	6,961		774		229			2
Corporate and Other	—		—		(1,543		)	(1,602		)
	$	20,617	$	16,751	$	(1,028	)	$	(1,942	)

	Revenues				Operating Income (Loss)
	For the Nine Months Ended December 31,				For the Nine Months Ended December 31,
	2016		2015		2016			2015
(dollars in thousands)
Segments:
U.S. Markets	$	16,462	$	31,075	$	558		$	(593	)
Engineered Systems	22,062		17,012		(878		)	(3,395		)
Distribution Services	16,397		980		(132		)	(157		)
Corporate and Other	—		—		(4,823		)	(4,967		)
	$	54,921	$	49,067	$	(5,275	)	$	(9,112	)

Summary of Significant Accounting Policies - Narrative (Details) ft² in Thousands, $ in Thousands			3 Months Ended		9 Months Ended
	Jun. 30, 2016 USD ($) ft²	Mar. 31, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Segment Reporting Information [Line Items]
Accounts receivable are due, minimum period					30 days
Accounts receivable are due, maximum period					60 days
Depreciation			$ 348	$ 759	$ 1,103	$ 2,320
Amortization			$ 239	$ 351	$ 721	$ 1,055
Intangible assets, estimated economic useful life					6 years 1 month 19 days
Power purchase agreement product revenue is recognized term					10 years
Agreement with Tramontina U.S. Cookware, Inc.
Segment Reporting Information [Line Items]
Cash purchase price of sale leaseback	$ 2,600	$ 2,600
Area of leased building (sq ft) \| ft²	197
Building lease term	3 years
Minimum
Segment Reporting Information [Line Items]
Length of time of inventory usage considered for inventory reserve					9 months
Minimum \| High Intensity Fluorescent Lighting Products
Segment Reporting Information [Line Items]
Limited warranty term					1 year
Maximum
Segment Reporting Information [Line Items]
Length of time of inventory usage considered for inventory reserve					24 months
Maximum \| High Intensity Fluorescent Lighting Products
Segment Reporting Information [Line Items]
Limited warranty term					10 years

Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounting Policies [Abstract]
Accounts receivable, gross	$ 11,874	$ 11,394
Allowance for doubtful accounts	(144)	(505)
Total net sales-type leases	$ 11,730	$ 10,889

Summary of Significant Accounting Policies - Financing Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Credit quality of the Company's financing receivables using Aging Analysis
Total gross sales-type leases	$ 11,874	$ 11,394
Allowance	(144)	(505)
Total net sales-type leases	11,730	10,889
Not Past Due
Credit quality of the Company's financing receivables using Aging Analysis
Lease balances included in consolidated accounts receivable—current	447	294
Lease balances included in consolidated accounts receivable—long-term	6	101
Total gross sales-type leases	453	395
Allowance	0	0
Total net sales-type leases	453	395
1-90 days past due
Credit quality of the Company's financing receivables using Aging Analysis
Lease balances included in consolidated accounts receivable—current	0	4
Lease balances included in consolidated accounts receivable—long-term	0	0
Total gross sales-type leases	0	4
Allowance	0	0
Total net sales-type leases	0	4
Greater than 90 days past due
Credit quality of the Company's financing receivables using Aging Analysis
Lease balances included in consolidated accounts receivable—current	3	10
Lease balances included in consolidated accounts receivable—long-term	0	0
Total gross sales-type leases	3	10
Allowance	0	(9)
Total net sales-type leases	3	1
Total past due
Credit quality of the Company's financing receivables using Aging Analysis
Lease balances included in consolidated accounts receivable—current	3	14
Lease balances included in consolidated accounts receivable—long-term	0	0
Total gross sales-type leases	3	14
Allowance	0	(9)
Total net sales-type leases	3	5
Total sales-type leases
Credit quality of the Company's financing receivables using Aging Analysis
Lease balances included in consolidated accounts receivable—current	450	308
Lease balances included in consolidated accounts receivable—long-term	6	101
Total gross sales-type leases	456	409
Allowance	0	(9)
Total net sales-type leases	$ 456	$ 400

Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Inventories
Raw material and components, cost	$ 9,390	$ 10,556
Raw material and components, obsolescence reserve	(1,112)	(1,052)
Raw material and components, net	8,278	9,504
Work in process, cost	1,857	2,045
Work in process, obsolescence reserve	(252)	(119)
Work in process, net	1,605	1,926
Finished goods, cost	7,207	6,550
Finished goods, obsolescence reserve	(518)	(956)
Finished goods, net	6,689	5,594
Cost	18,454	19,151
Obsolescence reserve	(1,882)	(2,127)
Net	$ 16,572	$ 17,024

Summary of Significant Accounting Policies - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounting Policies [Abstract]
Unbilled accounts receivable	$ 1,031	$ 4,307
Other prepaid expenses	654	731
Total	$ 1,685	$ 5,038

Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Property and equipment
Equipment	$ 33,449	$ 35,581
Less: accumulated depreciation and amortization	(19,599)	(18,577)
Property and equipment, net	13,850	17,004
Land and land improvements
Property and equipment
Equipment	424	421
Buildings and building improvements
Property and equipment
Equipment	9,245	11,849
Furniture, fixtures and office equipment
Property and equipment
Equipment	7,028	7,233
Leasehold improvements
Property and equipment
Equipment	162	148
Equipment leased to customers
Property and equipment
Equipment	4,997	4,997
Plant equipment
Property and equipment
Equipment	11,327	10,805
Construction in progress
Property and equipment
Equipment	$ 266	$ 128

Summary of Significant Accounting Policies - Equipment Under Capital Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Property, Plant and Equipment [Line Items]
Equipment	$ 33,449	$ 35,581
Less: accumulated depreciation and amortization	(19,599)	(18,577)
Property and equipment, net	13,850	17,004
Assets Held under Capital Leases
Property, Plant and Equipment [Line Items]
Equipment	581	408
Less: accumulated depreciation and amortization	(166)	(65)
Property and equipment, net	$ 415	$ 343

Summary of Significant Accounting Policies - Depreciable Lives by Asset Category (Details)	9 Months Ended
	Dec. 31, 2016
Land improvements \| Minimum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	10 years
Land improvements \| Maximum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	15 years
Buildings and building improvements \| Minimum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	3 years
Buildings and building improvements \| Maximum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	39 years
Furniture, fixtures and office equipment \| Minimum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	2 years
Furniture, fixtures and office equipment \| Maximum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	10 years
Leasehold improvements
Depreciation using the straight-line method
Property, plant and equipment estimated useful life	Shorter of asset life or life of lease
Equipment leased to customers
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	20 years
Plant equipment \| Minimum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	3 years
Plant equipment \| Maximum
Depreciation using the straight-line method
Property, plant and equipment, useful life (years)	10 years

Summary of Significant Accounting Policies - Other Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Mar. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	6 years 1 month 19 days
Gross Carrying Amount	$ 9,243	$ 8,991
Accumulated Amortization	(4,664)	(3,943)
Net	4,579	5,048
Finite-Lived Intangible Assets, Estimated Amortization Expense
Fiscal 2017, remaining quarter	178
Fiscal 2018	618
Fiscal 2019	442
Fiscal 2020	357
Fiscal 2021	282
Fiscal 2022	164
Thereafter	573
Total	2,614
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,620	2,377
Accumulated Amortization	(1,174)	(1,053)
Net	$ 1,446	1,324
Patents \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	10 years
Patents \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	17 years
Licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 58	58
Accumulated Amortization	(58)	(58)
Net	$ 0	0
Licenses \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	7 years
Licenses \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	13 years
Trade name and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,965	1,956
Accumulated Amortization	0	0
Net	1,965	1,956
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,600	3,600
Accumulated Amortization	(2,976)	(2,512)
Net	$ 624	1,088
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	5 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	8 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	8 years
Gross Carrying Amount	$ 900	900
Accumulated Amortization	(386)	(265)
Net	$ 514	635
Non-competition agreement
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated economic useful life	5 years
Gross Carrying Amount	$ 100	100
Accumulated Amortization	(70)	(55)
Net	$ 30	$ 45

Summary of Significant Accounting Policies - Other Long Term Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounting Policies [Abstract]
Deferred financing costs	$ 9	$ 92
Security deposits	116	87
Other	40	6
Total	$ 165	$ 185

Summary of Significant Accounting Policies - Accrued Expenses and Other (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounting Policies [Abstract]
Compensation and benefits	$ 1,982	$ 1,794
Sales tax	174	913
Contract costs	551	586
Legal and professional fees	2,122	2,348
Warranty	612	554
Other accruals	521	391
Total	$ 5,962	6,586
Loss contingency		$ 1,400

Summary of Significant Accounting Policies - Warranty Accrual (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning of period	$ 1,114	$ 1,043	$ 864	$ 1,015
Provision (adjustment) to product cost of revenue	(190)	(1)	61	88
Charges	(2)	(104)	(3)	(165)
End of period	922	938	922	938
Product warranty accrual	1,114	1,043	864	1,015
Orion Engineered Systems
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning of period	310	310
End of period	310	310	310	310
Product warranty accrual	$ 310	$ 310	$ 310	$ 310	$ 310

Summary of Significant Accounting Policies - EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Numerator:
Net loss	$ (1,086)	$ (2,004)	$ (4,996)	$ (9,256)
Denominator:
Weighted-average common shares outstanding (in shares)	28,258,742	27,671,633	28,106,209	27,584,288
Weighted-average common shares and common share equivalents outstanding (in shares)	28,258,742	27,671,633	28,106,209	27,584,288
Net income (loss) per common share:
Basic net loss per common share (in dollars per share)	$ (0.04)	$ (0.07)	$ (0.18)	$ (0.34)
Diluted net loss per common share (in dollars per share)	$ (0.04)	$ (0.07)	$ (0.18)	$ (0.34)

Summary of Significant Accounting Policies - Dilutive Securities (Details) - shares	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Number of potentially dilutive securities
Potentially dilutive securities outstanding (shares)	3,223,496	3,184,365
Common stock options
Number of potentially dilutive securities
Potentially dilutive securities outstanding (shares)	1,561,953	2,178,826
Restricted shares
Number of potentially dilutive securities
Potentially dilutive securities outstanding (shares)	1,661,543	1,005,539

Summary of Significant Accounting Policies - Concentration Risk (Details) - financial_instituion	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016	Mar. 31, 2016
Concentration Risk [Line Items]
Number of financial institutions (financial institution)		2
Cost of Sales \| Supplier Concentration Risk \| Supplier One
Concentration Risk [Line Items]
Concentration risk, percentage	18.10%
Cost of Sales \| Supplier Concentration Risk \| Supplier Two
Concentration Risk [Line Items]
Concentration risk, percentage	12.60%
Accounts Receivable \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage			10.30%

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Entity that Current Director Owns Minority Interest and Serves as Board of Directors Chairman
Related Party Transaction [Line Items]
Purchases from related party	$ 21	$ 9	$ 53	$ 15

Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Long-term debt
Total long-term debt	$ 6,290	$ 4,767
Less current maturities	(192)	(746)
Long-term debt, less current maturities	6,098	4,021
Revolving credit facility
Long-term debt
Total long-term debt	5,882	3,719
Harris seller's note
Long-term debt
Total long-term debt	0	546
Equipment lease obligations
Long-term debt
Total long-term debt	373	345
Customer equipment finance notes payable
Long-term debt
Total long-term debt	8	90
Other long-term debt
Long-term debt
Total long-term debt	$ 27	$ 67

Long-Term Debt - Narrative (Details)	1 Months Ended		9 Months Ended
Long-Term Debt - Narrative (Details)	Jul. 31, 2012 USD ($)	Sep. 30, 2010 USD ($)	Dec. 31, 2016 USD ($)	Mar. 31, 2016 USD ($)	Jun. 30, 2015 USD ($)	Feb. 06, 2015 USD ($)	Dec. 31, 2014 USD ($) contract	Jul. 01, 2013 USD ($)	Jun. 30, 2011 USD ($)
Line of Credit Facility [Line Items]
Letters of credit outstanding			$ 0
Revolving credit facility			5,882,000	$ 3,719,000
Equipment lease obligations
Line of Credit Facility [Line Items]
Lease interest rate (percent)				5.94%	3.60%
Lease agreement, principal amount				$ 19,000	$ 377,000
Net equipment lease obligation buyout option				$ 1	$ 1
Harris seller's note
Line of Credit Facility [Line Items]
Face amount of debt								$ 3,124,000
Lease interest rate (percent)								4.00%
June 2011 OTA Finance Program
Line of Credit Facility [Line Items]
Face amount of debt									$ 2,831,000
Lease interest rate (percent)									7.85%
Agreement with Wisconsin Department of Commerce
Line of Credit Facility [Line Items]
Face amount of debt		$ 260,000
Lease interest rate (percent)	2.00%
Period of time without interest accruing or principal payments due		2 years
Periodic payment	$ 4,600
Credit Agreement \| Revolving credit facility \| Wells Fargo Bank, National Association
Line of Credit Facility [Line Items]
Credit facility current limit			9,648,000
Credit facility, maximum limit			15,000,000
Potential maximum borrowing			$ 20,000,000
Credit facility, minimum indebtedness ratio			1.10
Interest payment			$ 130,000
Interest rate (percent)			4.00%
Unused commitment fee (percent)			0.25%
Revolving credit facility			$ 5,882,000
Credit facility, additional borrowing capacity			$ 2,036,554
Credit Agreement \| Revolving credit facility \| Wells Fargo Bank, National Association \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)			3.00%
Credit Agreement \| Letter of Credit \| Wells Fargo Bank, National Association
Line of Credit Facility [Line Items]
Credit facility, maximum limit						$ 2,000,000
Unused commitment fee (percent)			3.00%
December 2014 OTA Finance Program \| De Lage Landen Financial Services, Inc. \| Secured Debt
Line of Credit Facility [Line Items]
Lease interest rate (percent)							8.36%
Principal amount of secured debt							$ 446,000
Number of contracts for collateral (contract) \| contract							25

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Income Taxes (Textual) [Abstract]
Estimated effective income tax rate	0.10%	(0.10%)	(0.40%)	(0.10%)
Increase in tax rate			5.40%
Net tax rate			5.00%
Valuation allowance			$ 27,325
Unrecognized tax benefits	$ 113		113
Federal
Income Taxes (Textual) [Abstract]
Operating loss carryforwards	61,254		61,254
Exercise of NQSOs			3,151
Tax credit carryforwards	1,403		1,403
State
Income Taxes (Textual) [Abstract]
Operating loss carryforwards	52,022		52,022
Exercise of NQSOs			3,471
Tax credit carryforwards	$ 724		$ 724

Commitments and Contingencies (Details) ft² in Thousands					1 Months Ended	3 Months Ended		9 Months Ended
Commitments and Contingencies (Details) ft² in Thousands	Jun. 30, 2016 USD ($) ft²	Mar. 31, 2016 USD ($)	Mar. 01, 2016 extension_option	Nov. 04, 2014 claim	Jun. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Long-term Purchase Commitment [Line Items]
Rent expense under operating leases						$ 290,000	$ 130,000	$ 612,000	$ 376,000
Term of operating lease			24 months
Number of lease term extensions (extension option) \| extension_option			3
Renewal term of operating lease			12 months
Number of plaintiff's claims dismissed (claim) \| claim				6
Amount of settlement					$ 460,000
Agreement with Tramontina U.S. Cookware, Inc.
Long-term Purchase Commitment [Line Items]
Cash purchase price of sale leaseback	$ 2,600,000	$ 2,600,000
Area of leased building (sq ft) \| ft²	197
Building lease term	3 years
Rent expense per square feet	$ 2.00
Monthly rental payment	$ 40,000
General and administrative
Long-term Purchase Commitment [Line Items]
Monthly rental payments receivable								$ 21,000

Shareholders' Equity - Shares Issued From Treasury (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2016	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Shares Issued Under ESPP Plan (shares)	840	1,511	1,771	4,122
Closing Market Price (usd per share)	$ 2.17	$ 1.33	$ 1.16
Loans issued to non-executive employees outstanding	$ 4			$ 4	$ 4

Stock Options and Restricted Shares - Narrative (Details) $ / shares in Units, $ in Millions			3 Months Ended		9 Months Ended
	Aug. 05, 2016 director shares	Jun. 07, 2016 shares	Dec. 31, 2016 USD ($) $ / shares shares	Dec. 31, 2015 $ / shares shares	Dec. 31, 2016 USD ($) $ / shares shares	Dec. 31, 2015 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved shares for issuance to key employees (shares) \| shares			1,750,000		1,750,000
Closing common stock price (usd per share)			$ 2.17		$ 2.17
Compensation cost related to non-vested common stock-based compensation \| $			$ 0.1		$ 0.1
Weighted average expected term					11 months 10 days
Common Stock \| Executive
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued and sold (shares) \| shares		57,065
Common Stock \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued and sold (shares) \| shares	63,381
Number of recently retired members of the board of directors (director) \| director	3
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of stock based compensation issued during the period (shares) \| shares			14,000	154,281	1,061,142	723,815
Price per share (usd per share)			$ 1.42
Weighted-average per share price on grant date (usd per share)					$ 1.39
Deferred stock-based compensation related to grants of restricted shares, period of recognition					2 years 2 months 10 days
Deferred stock-based compensation related to grants of restricted shares \| $					$ 2.2
Restricted shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price per share (usd per share)				$ 1.76	$ 1.35	$ 1.76
Weighted-average per share price on grant date (usd per share)					1.35
Restricted shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price per share (usd per share)				$ 2.04	1.50	$ 2.62
Weighted-average per share price on grant date (usd per share)					$ 6.80
2016 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved shares for issuance to key employees (shares) \| shares			1,750,000		1,750,000

Stock Options and Restricted Shares - Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Stock-based compensation
Total	$ 384	$ 429	$ 1,252	$ 1,166
Cost of product revenue
Stock-based compensation
Total	7	9	30	29
General and administrative
Stock-based compensation
Total	283	327	1,035	902
Sales and marketing
Stock-based compensation
Total	64	74	116	210
Research and development
Stock-based compensation
Total	$ 30	$ 19	$ 71	$ 25

Stock Options and Restricted Shares - Summary of Stock Option and Stock Incentive Award Plans (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2016
Shares Available for Grant
Shares Available for Grant, Beginning Balance (shares)	787,686
Shares Available for Grant, Shares Reserved Under New Plan (share)	1,750,000
Shares Available for Grant, Granted to Non-Employee (shares)	(53,079)
Shares Available for Grant, Ending Balance (shares)	1,888,858	787,686
Number of Shares
Number of Shares, Beginning Balance (shares)	2,017,046
Number of Shares, Granted (shares)	0
Number of Shares, Exercised (shares)	(80,000)
Number of Shares, Ending Balance (shares)	1,561,953	2,017,046
Number of Shares, Exercisable (shares)	1,423,753
Weighted Average Exercise Price
Weighted Average Exercise Price, Beginning Balance (in dollars per share)	$ 3.32
Weighted Average Exercise Price, Exercised (in dollars per share)	2.20
Weighted Average Exercise Price, Ending Balance (in dollars per share)	3.33	$ 3.32
Weighted Average Exercise Price, Exercisable Ending Balance (in dollars per share)	$ 3.41
Weighted Average Remaining Contractual Term	4 years 23 days	4 years 6 months 13 days
Weighted Average Remaining Contractual Term, Exercisable	4 years 12 days
Aggregate Intrinsic Value, Ending Balance	$ 125,842
Aggregate Intrinsic Value, Exercisable	$ 107,391
Common stock options
Shares Available for Grant
Shares Available for Grant, Granted to Employee (shares)	0
Shares Available for Grant, Forfeited (shares)	375,093
Number of Shares
Number of Shares, Granted (shares)	0
Number of Shares, Forfeited (shares)	(375,093)
Weighted Average Exercise Price
Weighted Average Exercise Price, Granted Stock Options (in dollars per share)	$ 0.00
Weighted Average Exercise Price, Forfeited (in dollars per share)	$ 3.54
Restricted shares
Shares Available for Grant
Shares Available for Grant, Granted to Employee (shares)	(1,061,142)
Shares Available for Grant, Forfeited (shares)	90,300

Stock Options and Restricted Shares - Outstanding Non-vested Stock Options (Details)	9 Months Ended
	Dec. 31, 2016 shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Non-vested, beginning balance (shares)	205,900
Granted (shares)	0
Vested (shares)	(65,300)
Forfeited (shares)	(2,400)
Non-vested, ending balance (shares)	138,200

Stock Options and Restricted Shares - Restricted Shares (Details) - Restricted shares	9 Months Ended
	Dec. 31, 2016 $ / shares shares
Summary of restricted shares granted to key employees
Beginning balance (shares)	1,053,389
Shares issued (shares)	1,061,142
Shares vested (shares)	(362,688)
Shares forfeited (shares)	(90,300)
Ending balance (shares)	1,661,543
Weighted-average per share price on grant date (usd per share) \| $ / shares	$ 1.39
Minimum
Summary of restricted shares granted to key employees
Weighted-average per share price on grant date (usd per share) \| $ / shares	1.35
Maximum
Summary of restricted shares granted to key employees
Weighted-average per share price on grant date (usd per share) \| $ / shares	$ 6.80

Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segments (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Corporate and Other
Revenues	$ 20,617	$ 16,751	$ 54,921	$ 49,067
Operating Income (Loss)	(1,028)	(1,942)	(5,275)	(9,112)
Orion U.S. Markets
Corporate and Other
Revenues	5,368	9,569	16,462	31,075
Operating Income (Loss)	367	235	558	(593)
Orion Engineered Systems
Corporate and Other
Revenues	8,288	6,408	22,062	17,012
Operating Income (Loss)	(81)	(577)	(878)	(3,395)
Orion Distribution Services
Corporate and Other
Revenues	6,961	774	16,397	980
Operating Income (Loss)	229	2	(132)	(157)
Corporate and Other
Corporate and Other
Revenues	0	0	0	0
Operating Income (Loss)	$ (1,543)	$ (1,602)	$ (4,823)	$ (4,967)