XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Restrictions on Cash and Cash Equivalents
Cash, cash equivalents, and restricted cash consisted of the following:

 
As of
   (in thousands)
June 30, 2019
 
March 31, 2019

Cash and Cash Equivalents
$
16,142

 
$
17,872

Restricted Cash
1,000

 
1,000

 
$
17,142

 
$
18,872

Estimated useful lives of Property and equipment
Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows:
Computer equipment and software
3 - 5 years
Digital cinema projection systems
10 years
Machinery and equipment
3 - 10 years
Furniture and fixtures
3 - 6 years


Fair Value Measurements of financial assets
The following tables summarize the levels of fair value measurements of our financial assets and liabilities as of June 30, 2019 and March 31, 2019:
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
Restricted cash
 
$
1,000


$

 
$


$
1,000


Schedule of Goodwill
Gross amounts of goodwill and accumulated impairment charges that we have recorded are as follows:
(In thousands)
 
 
Goodwill
 
$
32,701

Accumulated impairment charges
 
(24,000
)
Net Goodwill at June 30, 2019 and March 31, 2019
 
$
8,701

Disaggregation of Revenue
The following tables present the Company's revenue categories for the three months ended June 30, 2019 and 2018
(in thousands):
 
Three Months Ended
 

June 30, 2019
 
June 30, 2018
Cinema Equipment Business:
 
 
 
Phase I Deployment
$
1,854

 
$
2,605

Phase II Deployment
459

 
3,180

Services
1,330

 
1,330

Digital System Sales
350

 
$

  Total Cinema Equipment Business revenue
$
3,993

 
$
7,115

 
 
 
 
Content & Entertainment Business:
 
 
 
Base Distribution Business
$
3,135

 
$
3,762

OTT Streaming and Digital
2,675

 
2,201

  Total Content & Entertainment Business revenue
$
5,810

 
$
5,963

Employee stock-based compensation expense related to stock-based awards
Employee and director stock-based compensation expense related to our stock-based awards was as follows:
 
 
 Three Months Ended June 30,
 
(In thousands)
 
2019
 
2018
 
Direct operating
 
$


$

 
Selling, general and administrative
 
11


86

 
 
 
$
11


$
86

 
Share-based Payment Arrangement, Option and Stock Appreciation Rights, Activity
The PSUs outstanding are as follows:
 
 
Three Months Ended
June 30, 2019
PSUs Outstanding March 31, 2019
 
1,390,584

Issued
 

Forfeited
 
(19,773
)
Total PSUs Outstanding June 30, 2019
 
1,370,811

Total SARs outstanding are as follows:

 
 
Three Months Ended
June 30, 2019
SARs Outstanding March 31, 2019
 
1,462,610

Issued
 

Forfeited
 

Total SARs Outstanding June 30, 2019
 
1,462,610