Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
 9 Months Ended
Dec. 31, 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)
 
Nine months ended December 31, 2013
 
Nine months ended December 31, 2012
Consolidated pro forma revenue
 
$
79,250

 
$
52,548

Consolidated pro forma operating income (loss)
 
$
4,660

 
$
(12,400
)
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:
(in thousands)
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