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3. BALANCE SHEET DETAIL (Tables)
3 Months Ended
Jun. 30, 2016
BALANCE SHEET DETAIL  
Schedule of Inventories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

March 31, 2016

    

 

 

(In thousands)

 

Inventories:

 

 

 

Work-in-progress

   

$

2,000

    

$

1,697

 

Finished goods

 

 

5,266

 

 

5,011

 

Inventory at distributors

 

 

317

 

 

466

 

 

 

$

7,583

 

$

7,174

 

 

Schedule of Accounts Receivable, Net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

March 31, 2016

    

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

Accounts receivable

   

$

9,281

    

$

7,578

 

Less: Allowances for sales returns, doubtful accounts and other

 

 

(101)

 

 

(100)

 

 

 

$

9,180

 

$

7,478

 

 

Schedule of Prepaid Expenses and Other Current Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

March 31, 2016

    

 

 

(In thousands)

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

Prepaid tooling and masks

 

$

860

 

$

1,224

 

Prepaid income taxes

 

 

43

 

 

 —

 

Escrow deposit

 

 

484

 

 

 —

 

Other receivables

 

 

358

 

 

230

 

Other prepaid expenses and other current assets

 

 

647

 

 

744

 

 

 

$

2,392

 

$

2,198

 

 

Schedule of Property and Equipment, Net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

March 31, 2016

    

 

 

(In thousands)

 

Property and equipment, net:

 

 

 

 

 

 

 

Computer and other equipment

 

$

18,520

 

$

18,394

 

Software

 

 

4,793

 

 

4,793

 

Land

 

 

3,900

 

 

3,900

 

Building and building improvements

 

 

2,256

 

 

2,256

 

Furniture and fixtures

 

 

110

 

 

114

 

Leasehold improvements

 

 

696

 

 

687

 

 

 

 

30,275

 

 

30,144

 

Less: Accumulated depreciation

 

 

(21,811)

 

 

(21,491)

 

 

 

$

8,464

 

$

8,653

 

 

Schedule of Other Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

March 31, 2016

    

 

 

(In thousands)

 

Other assets:

 

 

 

 

 

 

 

Escrow deposit

 

$

2,500

 

$

2,984

 

Non-current deferred income taxes

 

 

35

 

 

 —

 

Prepaid income taxes

 

 

585

 

 

 —

 

Deposits

 

 

119

 

 

102

 

 

 

$

3,239

 

$

3,086

 

 

Schedule of Intangible Assets

The following tables summarize the components of intangible assets and related accumulated amortization balances at June 30, 2016 and March 31, 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2016

 

 

    

Gross
Carrying
Amount

    

Accumulated
amortization

    

Net Carrying
Amount

 

Intangible assets:

 

 

 

    

 

 

    

 

 

 

Product designs

 

$

590

 

$

(576)

 

$

14

 

Patents

 

 

4,220

 

 

(683)

 

 

3,537

 

Software

 

 

80

 

 

(80)

 

 

 —

 

Total

 

$

4,890

 

$

(1,339)

 

$

3,551

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2016

 

 

    

Gross
Carrying
Amount

    

Accumulated
Amortization

    

Net Carrying
Amount

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

Product designs

 

$

590

 

$

(555)

 

$

35

 

Patents

 

 

4,220

 

 

(604)

 

 

3,616

 

Software

 

 

80

 

 

(80)

 

 

 —

 

Total

 

$

4,890

 

$

(1,239)

 

$

3,651

 

 

 

Estimated future amortization expense of intangible assets

As of June 30, 2016, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

 

 

 

 

 

2017

 

$

327

 

 

 

    

2018

 

 

313

 

 

 

 

2019

 

 

247

 

 

 

 

2020

 

 

233

 

 

 

 

2021

 

 

233

 

 

 

 

Thereafter

 

 

2,198

 

 

 

 

Total

 

$

3,551

 

 

 

 

 

Schedule of Accrued Expenses and Other Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

March 31, 2016

    

 

 

(In thousands)

 

Accrued expenses and other liabilities:

 

 

 

 

 

 

 

Accrued compensation

 

$

2,369

 

$

3,082

 

Escrow indemnity accrual

 

 

484

 

 

 —

 

Accrued professional fees

 

 

173

 

 

83

 

Accrued commissions

 

 

363

 

 

284

 

Accrued income taxes

 

 

373

 

 

15

 

Other accrued expenses

 

 

649

 

 

934

 

 

 

$

4,411

 

$

4,398

 

 

Other Accrued Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

March 31, 2016

    

 

 

(In thousands)

 

Other accrued expenses:

 

 

 

 

 

 

 

Contingent consideration

 

$

5,895

 

$

5,856

 

Escrow indemnity accrual

 

 

 —

 

 

484

 

Other long-term accrued liabilities

 

 

261

 

 

152

 

 

 

$

6,156

 

$

6,492