Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Sales Revenue, Goods, Net $ 56,530 $ 81,238
Sales Revenue, Services, Net 6,435 6,965
Total revenue 62,965 88,203
Cost of Goods Sold 36,119 50,332
Cost of Services 3,097 3,355
Total cost of revenue 39,216 53,687
Gross profit 23,749 34,516
Operating expenses:    
Research and development 12,367 19,317
Sales and marketing 10,344 15,817
General and administrative 7,991 9,836
Intangible amortization 4,764 5,554
Restructuring 3,155 748
Long-lived assets impairment 1,181  
Total operating expenses 39,802 51,272
Operating income (loss) from continuing operations (16,053) (16,756)
Other income (expense), net 170 169
Income (loss) before income taxes and discontinued operations (15,883) (16,587)
Income tax (expense) benefit (58) 102
Net income (loss) from continuing operations (15,941) (16,485)
Discontinued operations (Note 1):    
Income (loss) from discontinued operations, net of tax benefit (expense) of $0 and $(171) for fiscal years 2017 and 2016, respectively 0 273
Net income (loss) $ (15,941) $ (16,212)
Basic net income (loss) per share:    
Basic net income (loss) from continuing operations $ (0.26) $ (0.27)
Basic net income (loss) from discontinued operations 0.00 0.00
Basic net income (loss) per share (0.26) (0.27)
Diluted net income (loss) per share:    
Diluted net income (loss) from continuing operations (0.26) (0.27)
Diluted net income (loss) from discontinued operations 0.00 0.00
Diluted net income (loss) per share $ (0.26) $ (0.27)
Weighted-average number of Common shares outstanding:    
Basic 61,376 60,786
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options(1) [1] 0 0
Diluted 61,376 60,786
[1] The Company has 4.7 million and 3.7 million shares represented by common stock equivalents for the twelve months ended March 31, 2017 and 2016, respectively, which were not included in the computation of average dilutive shares outstanding because they were anti-dilutive. In periods with a net loss from continuing operations, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation because they are anti-dilutive.