XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 13 $ 91
Accounts receivable, net 18,527 14,899
Prepaid expenses 1,000 609
Deferred costs 1,708 483
Assets of discontinued operations 102,278 104,964
Total current assets 123,526 121,046
Property and equipment, net 15,409 8,625
Other assets:    
Intangible assets, net 19,596 21,720
Goodwill 30,665 31,484
Assets of discontinued operations 7,578 11,448
Other assets 5,914 1,968
Total assets 202,688 196,291
Current liabilities:    
Revolving line of credit 38,362 23,884
Accounts payable 12,683 11,134
Accrued expenses 1,730 1,924
Liabilities related to assets of discontinued operations 88,388 98,743
Other liabilities — short-term 4,279 1,364
Total current liabilities 146,546 138,519
Long-term liabilities:    
Deferred payment obligation long-term - acquisition 1,380 1,901
Deferred tax liabilities - long term 1,288 1,279
Liabilities related to assets of discontinued operations 7 699
Other liabilities — long-term 2,072 210
Total liabilities 151,293 142,608
Commitments and contingencies (Note 11)      
Shareholders’ equity:    
Common stock, no par value: Authorized shares — 100,000,000; issued and outstanding shares — 65,208,193 at March 31, 2014 and 56,238,236 at March 31, 2013 213,354 189,515
Accumulated deficit (162,734) (136,168)
Accumulated other comprehensive income 775 336
Total shareholders’ equity 51,395 53,683
Total liabilities and shareholders’ equity 202,688 196,291
Payment Obligation [Member]
   
Current liabilities:    
Contingent obligation - acquisition 1,104 1,082
Share Obligation [Member]
   
Current liabilities:    
Contingent obligation - acquisition   $ 388