Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Assets    
Cash and cash equivalents $ 120,832 $ 86,408 [1]
Restricted cash 7,451  
Short-term investments 14,455 490 [1]
Accounts receivable (net of allowance of $ 12 and $ 147 as of March 31, 2012 and 2011, respectively) 5,710 24,252 [1]
Inventories 9,906 12,955 [1]
Prepaid expenses and other current assets 1,456 3,156 [1]
Deferred income tax asset 1,859 18,700 [1]
Assets held-for-sale   4,781 [1]
Total current assets 161,669 150,742 [1]
Property and equipment:    
Machinery and equipment 1,174 13,024 [1]
Office, computer and research equipment 8,837 15,583 [1]
Leasehold improvements 7,720 9,381 [1]
Total property and equipment 17,731 37,988 [1]
Less accumulated depreciation and amortization (16,534) (34,738) [1]
Property and equipment, net 1,197 3,250 [1]
Goodwill 801 2,197 [1]
Intangibles, net 2,728 3,473 [1]
Deferred income tax asset 30,740 41,467 [1]
Other assets 291 258 [1]
Total assets 197,426 201,387 [1]
Liabilities and Stockholders' Equity    
Accounts payable 3,142 23,664 [1]
Accrued expenses 2,125 4,552 [1]
Accrued compensation 1,203 4,883 [1]
Liabilities held-for-sale   1,288 [1]
Total current liabilities 6,470 34,387 [1]
Other long-term liabilities 4,592 7,719 [1]
Total liabilities 11,062 42,106 [1]
Commitments and contingencies (Notes 1 and 5)       [1]
Stockholders' equity:    
Preferred stock, par $0.01, Authorized - 1,000,000 shares Issued and outstanding - none       [1]
Additional paid-in capital 405,147 402,337 [1]
Treasury stock at cost - 11,180,931 and 4,629,373 shares at March 31, 2012 and 2011, respectively (21,173) (3,854) [1]
Cumulative translation adjustment 619 965 [1]
Accumulated deficit (198,872) (240,854) [1]
Total stockholders' equity 186,364 159,281 [1]
Total liabilities and stockholders' equity 197,426 201,387 [1]
Class A Common Stock
    
Stockholders' equity:    
Common stock, value 504 541 [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.