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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
Assets    
Cash and cash equivalents $ 14,160 $ 15,542
Accounts receivable, net 13,097 10,889
Inventories, net 15,490 17,024
Deferred contract costs 237 37
Prepaid expenses and other current assets 2,804 5,038
Total current assets 45,788 48,530
Property and equipment, net 14,242 17,004
Other intangible assets, net 4,805 5,048
Long-term accounts receivable 79 108
Other long-term assets 187 185
Total assets 65,101 70,875
Liabilities and Shareholders’ Equity    
Accounts payable 10,200 11,716
Accrued expenses and other 6,336 6,586
Deferred revenue, current 314 243
Current maturities of long-term debt and capital leases 560 746
Total current liabilities 17,410 19,291
Revolving credit facility 2,488 3,719
Long-term debt and capital leases, less current maturities 281 302
Deferred revenue, long-term 1,003 1,022
Other long-term liabilities 443 558
Total liabilities 21,625 24,892
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at June 30, 2016 and March 31, 2016; no shares issued and outstanding at June 30, 2016 and March 31, 2016 0 0
Common stock, no par value: Shares authorized: 200,000,000 at June 30, 2016 and March 31, 2016; shares issued: 37,517,419 and 37,192,559 at June 30, 2016 and March 31, 2016; shares outstanding: 28,091,049 and 27,767,138 at June 30, 2016 and March 31, 2016 0 0
Additional paid-in capital 152,575 152,140
Treasury stock: 9,426,370 and 9,425,421 common shares at June 30, 2016 and March 31, 2016 (36,077) (36,075)
Shareholder notes receivable (4) (4)
Retained deficit (73,018) (70,078)
Total shareholders’ equity 43,476 45,983
Total liabilities and shareholders’ equity $ 65,101 $ 70,875