CONSOLIDATED BALANCE SHEET COMPONENTS

ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following:



	As of March 31,
(In thousands)	2017			2016
Trade receivables	$	56,298		$	54,424
Allowance for doubtful accounts	(2,690		)	(1,526		)
Total accounts receivable, net	$	53,608		$	52,898

PREPAID AND OTHER CURRENT ASSETS

Prepaid and other current assets consisted of the following:



	As of March 31,
(In thousands)	2017		2016
Non-trade accounts receivable, net	$	3,387	$	3,805
Advances	8,119		9,775
Due from producers	1,006		1,485
Prepaid insurance	164		60
Other prepaid expenses	808		747
Total prepaid and other current assets	$	13,484	$	15,872

PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:



	As of March 31,
(In thousands)	2017			2016
Leasehold improvements	$	816		$	824
Computer equipment and software	4,374			9,400
Digital cinema projection systems	360,651			360,651
Machinery and equipment	592			592
Furniture and fixtures	384			382
	366,817			371,849
Less - accumulated depreciation and amortization	(333,679		)	(310,109		)
Total property and equipment, net	$	33,138		$	61,740

Total depreciation and amortization of property and equipment was $27.7 million and $37.3 million for the fiscal years ended March 31, 2017 and 2016, respectively. Amortization of capital leases included in depreciation and amortization of property and equipment was $0.3 million and $0.7 million for the fiscal years ended March 31, 2017 and 2016, respectively.

INTANGIBLE ASSETS

Intangible assets, net consisted of the following:



	As of March 31, 2017
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Net Amount		Useful Life (years)
Trademarks	$	116	$	(107	)	$	9	3
Customer relationships and contracts	21,968		(9,154		)	12,814		3-15
Theatre relationships	550		(390		)	160		10-12
Content library	19,767		(12,523		)	7,244		5-6
Favorable lease agreement	1,193		(1,193		)	—		4
	$	43,594	$	(23,367	)	$	20,227



	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

Amortization expense related to intangible assets was $5.7 million and $5.9 million for the fiscal years ended March 31, 2017 and 2016 , respectively. We did not record any impairment of intangible assets during the fiscal years ended March 31, 2017 and 2016.

Based on identified intangible assets that are subject to amortization as of March 31, 2017, we expect future amortization expense for each period to be as follows (dollars in thousands):



Fiscal years ending March 31,
2018	$	5,528
2019	$	5,528
2020	$	2,505
2021	$	2,106
2022	$	1,112

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:



	As of March 31,
(In thousands)	2017		2016
Accounts payable	$	33,069	$	30,866
Participations and royalties payable	32,399		27,463
Accrued compensation and benefits	1,059		2,580
Accrued taxes payable	619		347
Interest payable	1,357		1,737
Accrued restructuring and transition expenses	44		505
Accrued other expenses	5,132		5,019
Total accounts payable and accrued expenses	$	73,679	$	68,517