Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 62,871 $ 88,233
Restricted cash 2,000 2,500
Short-term investments 17,993 24,349
Accounts receivable (net of allowance of $120 and $10 at June 30, 2013 and March 31, 2013, respectively) 12,881 6,689
Inventories 17,103 12,223
Prepaid expenses and other current assets 2,089 1,804
Assets available-for-sale 1,044  
Total current assets 115,981 135,798
Property and equipment:    
Machinery and equipment 1,404 1,162
Office, computer and research equipment 8,717 8,659
Leasehold improvements 7,525 7,515
Total property and equipment, gross 17,646 17,336
Less accumulated depreciation and amortization (16,399) (16,255)
Total property and equipment, net 1,247 1,081
Goodwill 7,971 0
Intangible assets, net 20,402 5,063
Other assets 441 495
Total assets 146,042 142,437
Current liabilities:    
Accounts payable 6,906 4,126
Accrued expenses 3,147 2,957
Accrued compensation 2,135 996
Deferred revenue 859  
Total current liabilities 13,047 8,079
Deferred revenue non-current 513  
Tax contingency reserve non-current 33 33
Contingent consideration non-current 2,135 2,333
Other non-current liabilities 1,889 915
Total liabilities 17,617 11,360
Commitments and contingencies (Note 10)      
Stockholders’ equity:    
Preferred stock, par $0.01, Authorized - 1,000,000 shares. Issued and outstanding - none 0 0
Additional paid-in capital 407,044 406,638
Treasury stock at cost – 17,116,570 and 16,969,296 shares at June 30, 2013 and March 31, 2013, respectively (34,143) (33,848)
Cumulative translation adjustment 608 608
Accumulated deficit (245,674) (242,910)
Total stockholders’ equity 128,425 131,077
Total liabilities and stockholders’ equity 146,042 142,437
Class A Common Stock
    
Stockholders’ equity:    
Common stock, value 451 450
Class B Common Stock
    
Stockholders’ equity:    
Common stock, value $ 139 $ 139