CONSOLIDATED BALANCE SHEET COMPONENTS

ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following:



	As of March 31,
(In thousands)	2016			2015
Trade receivables	$	54,424		$	60,188
Allowance for doubtful accounts	(1,526		)	(597		)
Total accounts receivable, net	$	52,898		$	59,591

PREPAID AND OTHER CURRENT ASSETS

Prepaid and other current assets consisted of the following:



	As of March 31,
(In thousands)	2016		2015
Non-trade accounts receivable, net	$	3,805	$	4,271
Advances	9,775		12,551
Due from producers	1,485		1,580
Prepaid insurance	60		207
Other prepaid expenses	747		1,469
Total prepaid and other current assets	$	15,872	$	20,078

PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:



	As of March 31,
(In thousands)	2016			2015
Leasehold improvements	$	824		$	821
Computer equipment and software	9,400			9,590
Digital cinema projection systems	360,651			360,744
Machinery and equipment	592			546
Furniture and fixtures	382			380
	371,849			372,081
Less - accumulated depreciation and amortization	(310,109		)	(273,520		)
Total property and equipment, net	$	61,740		$	98,561

Total depreciation and amortization of property and equipment was $37.3 million and $37.5 million for the fiscal years ended March 31, 2016 and 2015, respectively. Amortization of capital leases included in depreciation and amortization of property and equipment was $0.7 million and $0.8 million for the fiscal years ended March 31, 2016 and 2015, respectively.

INTANGIBLE ASSETS

Intangible assets, net consisted of the following:



	As of March 31, 2016
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Net Amount		Useful Life (years)
Trademarks	$	112	$	(99	)	$	13	3
Customer relationships and contracts	21,968		(7,048		)	14,920		3-15
Theatre relationships	550		(344		)	206		10-12
Content library	19,767		(9,101		)	10,666		5-6
Favorable lease agreement	1,193		(1,058		)	135		4
	$	43,590	$	(17,650	)	$	25,940



	As of March 31, 2015
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Net Amount		Useful Life (years)
Trademarks	$	105	$	(92	)	$	13	3
Customer relationships and contracts	21,968		(4,942		)	17,026		3-15
Theatre relationships	550		(298		)	252		10-12
Covenants not to compete	508		(508		)	—		3-5
Content library	19,767		(5,679		)	14,088		5-6
Favorable lease agreement	1,193		(788		)	405		4
	$	44,091	$	(12,307	)	$	31,784

Amortization expense related to intangible assets was $5.9 million and $5.9 million for the fiscal years ended March 31, 2016 and 2015 , respectively. We did not record any impairment of intangible assets from continuing operations during the fiscal years ended March 31, 2016 and 2015.

Based on identified intangible assets that are subject to amortization as of March 31, 2016, we expect future amortization expense for each period to be as follows (dollars in thousands):



Fiscal years ending March 31,
2017	$	5,663
2018	$	5,528
2019	$	5,528
2020	$	2,505
2021	$	2,106

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:



	As of March 31,
(In thousands)	2016		2015
Accounts payable	$	30,866	$	30,903
Participations and royalties payable	27,463		37,766
Accrued compensation and benefits	2,580		1,212
Accrued taxes payable	347		224
Interest payable	1,737		208
Accrued restructuring and transition expenses	505		—
Accrued other expenses	5,019		6,834
Total accounts payable and accrued expenses	$	68,517	$	77,147