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4. BALANCE SHEET DETAIL (Tables)
3 Months Ended
Jun. 30, 2019
BALANCE SHEET DETAIL  
Schedule of inventories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

March 31, 2019

    

 

 

(In thousands)

 

Inventories:

 

 

 

Work-in-progress

   

$

1,853

    

$

1,983

 

Finished goods

 

 

3,604

 

 

3,690

 

Inventory at distributors

 

 

 6

 

 

12

 

 

 

$

5,463

 

$

5,685

 

 

Schedule of accounts receivable, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

March 31, 2019

    

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

Accounts receivable

   

$

7,468

    

$

7,441

 

Less: Allowances for doubtful accounts and other

 

 

(93)

 

 

(102)

 

 

 

$

7,375

 

$

7,339

 

 

Schedule of prepaid expenses and other current assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

March 31, 2019

    

 

 

(In thousands)

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

Prepaid tooling and masks

 

$

880

 

$

535

 

Prepaid income taxes

 

 

51

 

 

39

 

Escrow deposit

 

 

1,000

 

 

1,000

 

Other receivables

 

 

341

 

 

321

 

Other prepaid expenses and other current assets

 

 

737

 

 

605

 

 

 

$

3,009

 

$

2,500

 

 

Schedule of property and equipment, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

March 31, 2019

    

 

 

(In thousands)

 

Property and equipment, net:

 

 

 

 

 

 

 

Computer and other equipment

 

$

19,117

 

$

19,086

 

Software

 

 

4,058

 

 

4,058

 

Land

 

 

3,900

 

 

3,900

 

Building and building improvements

 

 

3,718

 

 

3,718

 

Furniture and fixtures

 

 

102

 

 

102

 

Leasehold improvements

 

 

848

 

 

848

 

 

 

 

31,743

 

 

31,712

 

Less: Accumulated depreciation

 

 

(23,017)

 

 

(22,711)

 

 

 

$

8,726

 

$

9,001

 

 

Schedule of other assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

March 31, 2019

    

 

 

(In thousands)

 

Other assets:

 

 

 

 

 

 

 

Non-current deferred income taxes

 

 

34

 

 

35

 

Deposits

 

 

126

 

 

125

 

 

 

$

160

 

$

160

 

 

Schedule of intangible assets

The following tables summarize the components of intangible assets and related accumulated amortization balances at June 30, 2019 and March 31, 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2019

 

 

    

Gross
Carrying
Amount

    

Accumulated
amortization

    

Net Carrying
Amount

 

Intangible assets:

 

 

 

    

 

 

    

 

 

 

Product designs

 

$

590

 

$

(590)

 

$

 —

 

Patents

 

 

4,220

 

 

(1,556)

 

 

2,664

 

Software

 

 

80

 

 

(80)

 

 

 —

 

Total

 

$

4,890

 

$

(2,226)

 

$

2,664

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2019

 

 

    

Gross
Carrying
Amount

    

Accumulated
Amortization

    

Net Carrying
Amount

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

Product designs

 

$

590

 

$

(590)

 

$

 —

 

Patents

 

 

4,220

 

 

(1,498)

 

 

2,722

 

Software

 

 

80

 

 

(80)

 

 

 —

 

Total

 

$

4,890

 

$

(2,168)

 

$

2,722

 

 

 

Estimated future amortization expense of intangible assets

As of June 30, 2019, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands):

 

 

 

 

 

Fiscal year ending March 31,

 

 

2020 (9 months remaining)

 

$

175

2021

 

 

233

2022

 

 

233

2023

 

 

233

2024

 

 

233

Thereafter

 

 

1,557

Total

 

$

2,664

 

Schedule of accrued expenses and other liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

March 31, 2019

    

 

 

(In thousands)

 

Accrued expenses and other liabilities:

 

 

 

 

 

 

 

Accrued compensation

 

$

3,090

 

$

4,659

 

Accrued professional fees

 

 

45

 

 

60

 

Accrued commissions

 

 

384

 

 

304

 

Contingent consideration

 

 

495

 

 

492

 

Accrued retention payment

 

 

446

 

 

415

 

Miscellaneous accrued expenses

 

 

745

 

 

939

 

 

 

$

5,205

 

$

6,869