Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.0.814
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Revenue                 $ 84,127 $ 102,073 $ 38,808
Cost of revenue                 57,317 61,612 [1],[2] 26,192 [2]
Gross profit $ 4,666 $ 4,395 $ 8,065 $ 9,684 $ 8,090 $ 11,932 $ 12,022 $ 8,417 26,810 40,461 [1],[2] 12,616 [2]
Operating expenses:                      
Sales and marketing                 12,407 13,304 [2] 6,783 [2]
Research and development                 17,348 11,339 5,928
General and administrative                 14,678 14,027 9,310
Intangible amortization                 6,377 4,889 887
Restructuring 3,188     57 62 38 169 66 3,243 335 149
Goodwill impairment   20,547 11,450 [3]           31,997 [3]   2,884
Total operating expenses 17,818 31,978 23,662 [3] 12,592 12,239 9,909 10,728 11,018 86,050 [3] 43,894 [1],[2] 25,941 [2]
Operating loss from continuing operations                 (59,240) [3] (3,433) [1] (13,325)
Other income (expense), net                 (2) (56) 175
Loss before income taxes and discontinued operations (13,170) (27,612) (15,613) [3] (2,847) (4,142) 1,992 1,392 (2,731) (59,242) [3] (3,489) (13,150)
Income tax (expense) benefit 31 72 69 29 8,035 [3] (38) (68) (19) 201 7,910 [1],[3] (29,392)
Net income (loss) from continuing operations (13,139) (27,540) (15,544) [3] (2,818) 3,893 [3] 1,954 1,324 (2,750) (59,041) [3] 4,421 [1],[3] (42,542)
Discontinued operations (Note 1):                      
Income (loss) from discontinued operations, net of tax benefit (expense) of $(88), $0 and $813 for fiscal years 2015, 2014 and 2013, respectively 139       (6) (29) 4 (14) 139 (45) (1,496)
Net income (loss) $ (13,000) $ (27,540) $ (15,544) [3] $ (2,818) $ 3,887 [3] $ 1,925 $ 1,328 $ (2,764) $ (58,902) [3] $ 4,376 [1],[3] $ (44,038)
Basic net income (loss) per share:                      
Basic net income (loss) from continuing operations                 $ (0.98) [3] $ 0.08 [1] $ (0.71)
Basic net income (loss) from discontinued operations                 0.00 0.00 (0.02)
Basic net income (loss) per share (4) $ (0.22) $ (0.46) $ (0.26) [3] $ (0.05) $ 0.07 [3] $ 0.03 $ 0.02 $ (0.05) (0.98) [3] 0.07 [1],[3],[4] (0.73)
Diluted net income (loss) per share:                      
Diluted net income (loss) from continuing operations                 (0.98) [3] 0.07 [1],[3] (0.71)
Diluted net income (loss) from discontinued operations                 0.00 0.00 (0.02)
Diluted net income (loss) per share $ (0.22) $ (0.46) $ (0.26) [3] $ (0.05) $ 0.07 $ 0.03 $ 0.02 $ (0.05) $ (0.98) [3] $ 0.07 [1],[3] $ (0.73)
Weighted-average number of Common shares outstanding:                      
Basic                 59,985 58,786 59,944
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options(5) [5]                 0 1,262 0
Diluted                 59,985 60,048 59,944
[1] Certain amounts have been adjusted to reflect measurement period adjustments related to the CSI acquisition (see Note 2).
[2] Certain amounts have been reclassified to reflect a change in accounting principle (see Note 1).
[3] See Note 1 for restatement information.
[4] Sums may not total due to rounding.
[5] The Company had 0.6 million shares represented by options for the twelve months ended March 31, 2014, 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.