Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Mar. 31, 2011
Assets    
Cash and cash equivalents $ 121,252 $ 86,408 [1]
Restricted cash 7,449  
Short-term investments 20,709 490 [1]
Accounts receivable (net of allowance of $ 12 and $ 147, respectively) 5,426 24,252 [1]
Inventories 11,109 12,955 [1]
Prepaid expenses and other current assets 2,818 3,156 [1]
Deferred income tax asset 6,985 18,700 [1]
Assets held-for-sale   4,781 [1]
Total current assets 175,748 150,742 [1]
Property and equipment:    
Machinery and equipment 1,249 13,024 [1]
Office, computer and research equipment 10,407 15,583 [1]
Leasehold improvements 7,715 9,381 [1]
Total property, plant and equipment 19,371 37,988 [1]
Less accumulated depreciation and amortization (18,042) (34,738) [1]
Property and equipment, net 1,329 3,250 [1]
Goodwill 787 2,197 [1]
Intangibles, net 2,839 3,473 [1]
Deferred income tax asset 27,629 41,467 [1]
Other assets   258 [1]
Total assets 208,332 201,387 [1]
Liabilities and Stockholders' Equity    
Accounts payable 4,063 23,664 [1]
Accrued expenses 3,940 4,552 [1]
Accrued compensation 1,992 4,883 [1]
Liabilities held-for-sale   1,288 [1]
Total current liabilities 9,995 34,387 [1]
Other long-term liabilities 5,205 7,719 [1]
Total liabilities 15,200 42,106 [1]
Commitments and contingencies (Note 11)       [1]
Stockholders' equity:    
Preferred stock, par $0.01, Authorized - 1,000,000 shares Issued and outstanding - none       [1]
Additional paid-in capital 404,719 402,337 [1]
Treasury stock at cost - 9,129,286 and 4,629,373 shares at December 31, 2011 and March 31, 2011, respectively (16,362) (3,854) [1]
Cumulative translation adjustment 534 965 [1]
Accumulated deficit (196,424) (240,854) [1]
Total stockholders' equity 193,132 159,281 [1]
Total liabilities and stockholders' equity 208,332 201,387 [1]
Class A Common Stock
    
Stockholders' equity:    
Common stock, value 526 541 [1]
Class B Common Stock
    
Stockholders' equity:    
Common stock, value $ 139 $ 146 [1]
[1] The balance sheet as of March 31, 2011 includes the balances of ConferencePlus. As disclosed in Note 1, the Company completed the sale of ConferencePlus on December 31, 2011. See Note 1 for additional information.