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3. BALANCE SHEET DETAIL (Tables)
12 Months Ended
Mar. 31, 2017
BALANCE SHEET DETAIL  
Schedule of Inventories

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Inventories:

 

 

 

 

 

 

 

Work-in-progress

 

$

2,112

    

$

1,697

 

Finished goods

 

 

6,803

 

 

5,011

 

Inventory at distributors

 

 

296

 

 

466

 

 

 

$

9,211

 

$

7,174

 

 

Schedule of Accounts Receivable, Net

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

Accounts receivable

 

$

6,453

    

$

7,578

 

Less: Allowances for sales returns, doubtful accounts and other

 

 

(104)

 

 

(100)

 

 

 

$

6,349

 

$

7,478

 

 

Schedule of Prepaid Expenses and Other Current Assets

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

Prepaid tooling and masks

 

$

836

 

$

1,224

 

Prepaid income taxes

 

 

43

 

 

 —

 

Escrow deposit

 

 

1,234

 

 

 —

 

Other receivables

 

 

216

 

 

230

 

Other prepaid expenses and other current assets

 

 

448

 

 

744

 

 

 

$

2,777

 

$

2,198

 

 

Schedule of Property and Equipment, Net

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Property and equipment, net:

 

 

 

 

 

 

 

Computer and other equipment

 

$

18,585

 

$

18,394

 

Software

 

 

4,793

 

 

4,793

 

Land

 

 

3,900

 

 

3,900

 

Building and building improvements

 

 

2,256

 

 

2,256

 

Furniture and fixtures

 

 

111

 

 

114

 

Leasehold improvements

 

 

715

 

 

687

 

 

 

 

30,360

 

 

30,144

 

Less: Accumulated depreciation

 

 

(22,671)

 

 

(21,491)

 

 

 

$

7,689

 

$

8,653

 

 

Schedule of Other Assets

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Other assets:

 

 

 

 

 

 

 

Escrow deposit

 

$

1,750

 

$

2,984

 

Non-current deferred income taxes

 

 

22

 

 

 —

 

Prepaid income taxes

 

 

552

 

 

 —

 

Deposits

 

 

132

 

 

102

 

 

 

$

2,456

 

$

3,086

 

 

Schedule of Intangible Assets

The following table summarizes the components of intangible assets and related accumulated amortization balances at March 31, 2017 and 2016, respectively (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2017

 

 

    

Gross
Carrying
Amount

    

Accumulated
amortization

    

Net Carrying
Amount

 

Intangible assets:

 

 

 

    

 

 

    

 

 

 

Product designs

 

$

590

 

$

(590)

 

$

 —

 

Patents

 

 

4,220

 

 

(918)

 

 

3,302

 

Software

 

 

80

 

 

(80)

 

 

 —

 

Total

 

$

4,890

 

$

(1,588)

 

$

3,302

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Twelve month period ending March 31,

 

 

 

 

2018

    

$

313

 

2019

 

 

267

 

2020

 

 

234

 

2021

 

 

233

 

2022

 

 

233

 

Thereafter

 

 

2,022

 

Total

 

$

3,302

 

 

Schedule of Accrued Expenses and Other Liabilities

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Accrued expenses and other liabilities:

 

 

 

 

 

 

 

Accrued compensation

 

$

3,990

 

$

3,082

 

Escrow indemnity accrual

 

 

484

 

 

 —

 

Accrued professional fees

 

 

66

 

 

83

 

Accrued commissions

 

 

238

 

 

284

 

Contingent consideration

 

 

1,117

 

 

 —

 

Accrued retention payment

 

 

251

 

 

 —

 

Miscellaneous accrued expenses

 

 

905

 

 

949

 

 

 

$

7,051

 

$

4,398

 

 

Other Accrued Expenses

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Other accrued expenses:

 

 

 

 

 

 

 

Contingent consideration

 

$

5,083

 

$

5,856

 

Escrow indemnity accrual

 

 

 —

 

 

484

 

Other long-term accrued liabilities

 

 

335

 

 

152

 

 

 

$

5,418

 

$

6,492