Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
 6 Months Ended
Sep. 30, 2013
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited summary information is presented on a consolidated pro forma basis as if the Kentrox acquisition had occurred on April 1, 2012.
(in thousands)
 
Six months ended September 30, 2013
 
Six months ended September 30, 2012
Revenue
 
$
53,253

 
$
35,290

Operating income (loss)
 
$
1,932

 
$
(8,628
)
Business Acquisition [Line Items]  
Schedule of Acquired Finite and Indifinite Lived Intangible Assets [Table Text Block]
The fair value of intangible assets is as follows:
(in thousands)
 
Fair Value
 
Life in years
Backlog
 
$
1,440

 
1
Customer relationships
 
8,960

 
10
Trade name
 
1,170

 
7
Developed technology
 
4,410

 
9
Total intangible assets
 
$
15,980

 
 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
Intangibles will be amortized over the consumption period based on expected cash flows from the underlying intangible asset. The expected amortization by fiscal year is as follows:
 
2014
 
2015
 
2016
 
2017
 
2018
 
Thereafter
Intangible amortization expense
$
3,268

 
$
2,390

 
$
2,107

 
$
1,857

 
$
1,654

 
$
4,704

Antone [Member]
  
Business Acquisition [Line Items]  
Schedule of Purchase Price Allocation [Table Text Block]
The following table summarizes the fair values of the assets and liabilities assumed on the May 15, 2012, acquisition date:
(in thousands)
 
Inventories
$
326

Deposit
3

Intangibles
3,230

Liabilities
(612
)
Goodwill
2,086

Net assets acquired
$
5,033

Cash consideration transferred
$
2,524

Contingent consideration
3,038

Working capital adjustment (shortfall)
(529
)
Total consideration
$
5,033

Kentrox [Member]
  
Business Acquisition [Line Items]  
Schedule of Purchase Price Allocation [Table Text Block]
The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed on the April 1, 2013, acquisition date:
(in thousands)
 
Cash
$
2,355

Inventory
5,045

Accounts receivable
4,325

Assets available-for-sale
1,044

Other assets
882

Intangible assets
15,980

Deferred revenue
(2,963
)
Accounts payable and accruals
(3,393
)
Goodwill
8,025

Total consideration
$
31,300