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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Mar. 31, 2015
Assets    
Cash and cash equivalents $ 17,458 $ 20,002
Accounts receivable, net of allowances of $458 and $180 at March 31, 2015 and December 31, 2015, respectively 14,632 18,263
Inventories, net 18,435 14,283
Deferred contract costs 46 90
Prepaid expenses and other current assets 528 2,407
Total current assets 51,099 55,045
Property and equipment, net 19,186 21,223
Goodwill 4,409 4,409
Other intangible assets, net 5,371 6,335
Long-term accounts receivable 150 426
Other long-term assets 214 367
Total assets 80,429 87,805
Liabilities and Shareholders’ Equity    
Accounts payable 12,020 11,003
Accrued expenses and other 3,471 5,197
Deferred revenue, current 361 287
Current maturities of long-term debt and capital leases 1,164 1,832
Total current liabilities 17,016 18,319
Revolving credit facility 4,973 2,500
Long-term debt, less current maturities and capital leases 316 722
Deferred revenue, long-term 1,042 1,231
Other long-term liabilities 538 522
Total liabilities $ 23,885 $ 23,294
Commitments and contingencies
Shareholders’ equity:    
Common stock, no par value: Shares authorized: 200,000,000 at March 31, 2015 and December 31, 2015; shares issued: 36,837,864 and 37,165,416 at March 31, 2015 and December 31, 2015; shares outstanding: 27,421,533 and 27,739,886 at March 31, 2015 and December 31, 2015 $ 0 $ 0
Additional paid-in capital 151,831 150,516
Treasury stock: 9,416,331 and 9,425,530 common shares at March 31, 2015 and December 31, 2015 (36,075) (36,049)
Shareholder notes receivable (4) (4)
Retained deficit (59,208) (49,952)
Total shareholders’ equity 56,544 64,511
Total liabilities and shareholders’ equity $ 80,429 $ 87,805