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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Assets    
Cash and cash equivalents $ 8,249 $ 15,992
Accounts receivable, net 14,613 13,728
Revenue earned but not billed 1,231 1,320
Inventories, net 17,689 18,205
Prepaid expenses and other current assets 1,172 1,116
Total current assets 42,954 50,361
Property and equipment, net 10,534 10,470
Goodwill 1,484 1,484
Other intangible assets, net 5,738 6,004
Other long-term assets 3,436 3,260
Total assets 64,146 71,579
Liabilities and Shareholders’ Equity    
Accounts payable 11,524 13,405
Accrued expenses and other 10,045 10,552
Deferred revenue, current 732 480
Current maturities of long-term debt 16 17
Total current liabilities 22,317 24,454
Revolving credit facility 10,000 10,000
Long-term debt, less current maturities 0 3
Deferred revenue, long-term 470 489
Other long-term liabilities 4,558 3,384
Total liabilities 37,345 38,330
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at June 30, 2023 and March 31, 2023; no shares issued and outstanding at June 30, 2023 and March 31, 2023 0 0
Common stock, no par value: Shares authorized: 200,000,000 at June 30, 2023 and March 31, 2023; shares issued: 41,973,543 at June 30, 2023 and 41,767,092 at March 31, 2023; shares outstanding: 32,502,558 at June 30, 2023 and 32,295,408 at March 31, 2023 0 0
Additional paid-in capital 161,095 160,907
Treasury stock, common shares: 9,470,985 at June 30, 2023 and 9,471,684 at March 31, 2023 (36,236) (36,237)
Retained deficit (98,058) (91,421)
Total shareholders’ equity 26,801 33,249
Total liabilities and shareholders’ equity $ 64,146 $ 71,579