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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Assets    
Cash and cash equivalents $ 18,734 $ 15,542
Accounts receivable, net 12,236 10,889
Inventories, net 17,007 17,024
Deferred contract costs 392 37
Prepaid expenses and other current assets 1,187 5,038
Total current assets 49,556 48,530
Property and equipment, net 14,049 17,004
Other intangible assets, net 4,779 5,048
Long-term accounts receivable 13 108
Other long-term assets 168 185
Total assets 68,565 70,875
Liabilities and Shareholders’ Equity    
Accounts payable 12,383 11,716
Accrued expenses and other 5,741 6,586
Deferred revenue, current 601 243
Current maturities of long-term debt and capital leases 242 746
Total current liabilities 18,967 19,291
Revolving credit facility 4,860 3,719
Long-term debt and capital leases, less current maturities 237 302
Deferred revenue, long-term 983 1,022
Other long-term liabilities 443 558
Total liabilities 25,490 24,892
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at September 30, 2016 and March 31, 2016; no shares issued and outstanding at September 30, 2016 and March 31, 2016 0 0
Common stock, no par value: Shares authorized: 200,000,000 at September 30, 2016 and March 31, 2016; shares issued: 37,641,409 at September 30, 2016 and 37,192,559 at March 31, 2016; shares outstanding: 28,214,852 at September 30, 2016 and 27,767,138 at March 31, 2016 0 0
Additional paid-in capital 153,142 152,140
Treasury stock, common shares: 9,426,557 at September 30, 2016 and 9,425,421 at March 31, 2016 (36,075) (36,075)
Shareholder notes receivable (4) (4)
Retained deficit (73,988) (70,078)
Total shareholders’ equity 43,075 45,983
Total liabilities and shareholders’ equity $ 68,565 $ 70,875