CONSOLIDATED BALANCE SHEET COMPONENTS

ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following:



	As of March 31,
(In thousands)	2018			2017
Trade receivables	$	41,188		$	56,298
Allowance for doubtful accounts	(3,060		)	(2,690		)
Total accounts receivable, net	$	38,128		$	53,608

PREPAID AND OTHER CURRENT ASSETS

Prepaid and other current assets consisted of the following:



	As of March 31,
(In thousands)	2018		2017
Non-trade accounts receivable, net	$	4,459	$	3,387
Advances	4,485		8,119
Due from producers	318		1,006
Prepaid insurance	480		164
Other prepaid expenses	755		808
Total prepaid and other current assets	$	10,497	$	13,484

PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:



	As of March 31,
(In thousands)	2018			2017
Leasehold improvements	$	268		$	816
Computer equipment and software	3,859			4,374
Digital cinema projection systems	360,633			360,651
Machinery and equipment	553			592
Furniture and fixtures	151			384
	365,464			366,817
Less - accumulated depreciation and amortization	(343,981		)	(333,679		)
Total property and equipment, net	$	21,483		$	33,138

Total depreciation and amortization of property and equipment was $12.4 million and $27.7 million for the years ended March 31, 2018 and 2017, respectively. Amortization of capital leases included in depreciation and amortization of property and equipment was $0.2 million and $0.3 million for the years ended March 31, 2018 and 2017, respectively.

INTANGIBLE ASSETS

Intangible assets, net consisted of the following:



	As of March 31, 2018
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Net Amount		Useful Life (years)
Trademarks	$	121	$	(112	)	$	9	3
Customer relationships and contracts	21,969		(11,260		)	10,709		3-15
Theatre relationships	550		(435		)	115		10-12
Content library	19,767		(15,947		)	3,820		5-6
Favorable lease agreement	1,193		(1,193		)	—		4
	$	43,600	$	(28,947	)	$	14,653



	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

Amortization expense related to intangible assets was $5.6 million and $5.7 million for the years ended March 31, 2018 and 2017, respectively. We did not record any impairment charge for intangible assets during the years ended March 31, 2018 and 2017.

Based on identified intangible assets that are subject to amortization as of March 31, 2018, we expect future amortization expense for each period to be as follows:




(In thousands) Fiscal years ending March 31,
2019	$	5,528
2020	2,505
2021	2,106
2022	1,112
2023	645
Thereafter	2,757
Total	$	14,653

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:



	As of March 31,
(In thousands)	2018		2017
Accounts payable	$	35,032	$	33,069
Participations and royalties payable	25,788		32,399
Accrued compensation and benefits	2,276		1,059
Accrued taxes payable	352		619
Interest payable	130		1,357
Accrued restructuring and transition expenses	505		44
Accrued other expenses	5,142		5,132
Total accounts payable and accrued expenses	$	69,225	$	73,679