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
Sep. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 27,920 $ 35,793
Short-term investments 20,370 15,584
Accounts receivable (net of allowance of $33 and $40 at September 30, 2014, and March 31, 2014, respectively) 11,925 15,831 [1]
Inventories 22,263 24,056 [1]
Prepaid expenses and other current assets 2,046 1,952 [1]
Deferred income taxes 899 899
Assets available-for-sale 1,044 1,044
Total current assets 86,467 95,159 [1]
Property and equipment, gross 18,801 17,902 [1]
Less accumulated depreciation and amortization (16,204) (16,001)
Property and equipment, net 2,597 1,901 [1]
Goodwill 20,783 31,338 [1]
Intangible assets, net 29,023 32,319 [1]
Other non-current assets 313 393
Total assets 139,183 161,110 [1]
Current liabilities:    
Accounts payable 6,598 7,067 [1]
Accrued expenses 3,378 3,418
Accrued compensation 1,382 4,395
Contingent consideration 1,151 2,067
Deferred revenue 920 1,774
Total current liabilities 13,429 18,721 [1]
Deferred revenue non-current 999 787
Deferred income tax liability 1,045 1,072
Contingent consideration non-current 622 574
Other non-current liabilities 546 528
Total liabilities 16,641 21,682 [1]
Commitments and contingencies (Note 11)      
Stockholders’ equity:    
Preferred stock, par $0.01, Authorized - 1,000,000 shares. Issued and outstanding - none 0 0
Additional paid-in capital 411,440 410,176
Treasury stock at cost – 17,346,855 and 17,130,965 shares at September 30, 2014, and March 31, 2014, respectively (34,892) (34,206)
Cumulative translation adjustment 608 608
Accumulated deficit (255,215) (237,748) [1]
Total stockholders’ equity 122,542 139,428 [1]
Total liabilities and stockholders’ equity 139,183 161,110 [1]
Class A Common Stock
    
Stockholders’ equity:    
Common stock, value 462 459
Class B Common Stock
    
Stockholders’ equity:    
Common stock, value $ 139 $ 139
[1] Certain amounts have been adjusted to reflect measurement period adjustments related to the CSI acquisition.