Annual report pursuant to Section 13 and 15(d)

Acquisitions Acquisitions (Tables)

v2.4.0.8
Acquisitions Acquisitions (Tables)
 12 Months Ended
Mar. 31, 2014
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the fair values of the assets acquired and liabilities assumed on the April 1, 2013, acquisition date as well as measurement period adjustments made during the fiscal year:
(in thousands)
Preliminary Amounts Recognized
Measurement Period Adjustments
Final Amounts Recognized
Cash
$
2,355

$
—

$
2,355

Inventories
5,045

—

5,045

Accounts receivable
4,260

65

4,325

Land held-for-sale
1,044

—

1,044

Other assets
806

76

882

Intangible assets
16,970

(990
)
15,980

Deferred revenue
(2,885
)
(78
)
(2,963
)
Accounts payable and accruals
(3,486
)
93

(3,393
)
Deferred income tax liability
(780
)
(1,750
)
(2,530
)
Goodwill
7,971

2,584

10,555

Total consideration
$
31,300

$
—

$
31,300

Business Acquisition, Pro Forma Information [Table Text Block]
The pro forma results are based on historical information and is not necessarily indicative of the combined results had the acquisition been completed at April 1, 2012, nor are they indicative of future combined results.
(in thousands)
 
2014
 
2013
Consolidated pro forma revenue
 
$
141,524

 
$
92,671

Consolidated pro forma operating income (loss)
 
$
6,428

 
$
(23,559
)
CSI [Member]
  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the preliminary estimated fair value of the assets acquired and liabilities assumed as of the March 1, 2014, acquisition date:
(in thousands)
 
 Cash
$
6,513

 Accounts receivable
2,920

 Inventories
7,625

 Prepaid expenses and other current assets
158

 Property and equipment
816

 Intangible assets
16,230

 Accounts payable, accruals and other liabilities
(2,875
)
 Income tax payable
(1,175
)
 Deferred income tax liability
(6,616
)
 Goodwill
20,142

 Total Consideration
$
43,738

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]
The following table summarizes the acquired identified intangible assets and the respective fair value and estimated useful life at the date of acquisition:
(in thousands)
 
Fair Value
 
Estimated Life
Backlog
 
$
70

 
1 month
Customer relationships
 
10,980

 
7 years
Trademark
 
810

 
7 years
Developed technology
 
3,860

 
3 years
Non-compete
 
510

 
2 years
Total intangible assets
 
$
16,230

 
 
Kentrox [Member]
  
Business Acquisition [Line Items]  
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]
The fair value of intangible assets is as follows:
(in thousands)
 
Fair Value
 
Life
Backlog
 
$
1,440

 
1 year
Customer relationships
 
8,960

 
10 years
Trade name
 
1,170

 
7 years
Developed technology
 
4,410

 
9 years
Total intangible assets
 
$
15,980

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

Deposit
3

Intangible assets
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