Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 108,819 $ 120,832
Restricted cash 7,452 7,451
Short-term investments 15,591 14,455
Accounts receivable (net of allowance of $14 and $12 at June 30, 2012 and March 31, 2012 respectively) 6,056 5,710
Inventories 10,374 9,906
Prepaid expenses and other current assets 1,458 1,456
Deferred income tax asset 2,575 1,859
Total current assets 152,325 161,669
Property and equipment:    
Machinery and equipment 1,172 1,174
Office, computer and research equipment 8,886 8,837
Leasehold improvements 7,715 7,720
Total property and equipment, gross 17,773 17,731
Less accumulated depreciation and amortization (16,655) (16,534)
Total property and equipment, net 1,118 1,197
Goodwill 2,388 801
Intangibles, net 6,093 2,728
Deferred income tax asset 31,001 30,740
Other assets 675 291
Total assets 193,600 197,426
Accrued Liabilities    
Accounts payable 3,033 3,142
Accrued expenses 2,102 2,125
Accrued compensation 1,595 1,203
Total current liabilities 6,730 6,470
Tax reserve 3,484 3,483
Contingent consideration payable, net 2,546  
Other long-term liabilities 1,014 1,109
Total liabilities 13,774 11,062
Commitments and contingencies (Note 10)      
Stockholders' equity    
Preferred stock, par $0.01, Authorized - 1,000,000 shares Issued and outstanding - none      
Additional paid-in capital 405,548 405,147
Treasury stock at cost - 13444087 and 11,180,931 shares at June 30, 2012 and March 31, 2012, respectively (26,265) (21,173)
Cumulative translation adjustment 532 619
Accumulated deficit (200,612) (198,872)
Total stockholders' equity 179,826 186,364
Total liabilities and stockholders' equity 193,600 197,426
Class A Common Stock
    
Stockholders' equity    
Common stock, value 484 504
Class B Common Stock
    
Stockholders' equity    
Common stock, value $ 139 $ 139