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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 65,652 $ 75,067
Accounts receivable, net of allowance for doubtful accounts of $628 and $888, respectively 20,907 25,481
Inventories 2,331 641
Prepaid expenses and other current assets 6,587 3,828
Total current assets 95,477 105,017
Property and equipment, net 13,857 11,929
Goodwill 19,622 19,622
Intangible assets, net 8,880 9,006
Software development costs, net 41,371 31,818
Other non-current assets 4,670 4,133
Total assets 183,877 181,525
Current liabilities:    
Accounts payable 11,402 16,586
Deferred revenue 29,371 23,881
Accrued liabilities 11,107 10,001
Capital lease obligations, current 136 142
Total current liabilities 52,016 50,610
Deferred income taxes, non-current 3,049 3,053
Capital lease obligations, non-current 25 47
Other non-current liabilities $ 4,563 $ 3,627
Commitments and contingencies (see Note 8)
Shareholders' equity:    
Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 31,606,831 shares issued; and 22,949,056 and 22,789,355 shares outstanding at December 31, 2015 and March 31, 2015, respectively $ 9,482 $ 9,482
Treasury shares, 8,657,775 and 8,817,477 at December 31, 2015 and March 31, 2015, respectively (2,598) (2,646)
Capital in excess of stated value (8,433) (10,675)
Retained earnings 125,951 128,178
Accumulated other comprehensive loss (178) (151)
Total shareholders' equity 124,224 124,188
Total liabilities and shareholders' equity $ 183,877 $ 181,525