Annual report pursuant to Section 13 and 15(d)

Acquisitions Acquisitions (Tables)

Acquisitions Acquisitions (Tables)

12 Months Ended

Mar. 31, 2015

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:



(in thousands)	As previously reported			Adjustments ⁽¹⁾			As restated ⁽¹⁾
Cash	$	2,355		$	—		$	2,355
Inventories	5,045			—			5,045
Accounts receivable	4,325			—			4,325
Land held-for-sale	1,044			—			1,044
Other assets	882			—			882
Intangible assets	15,980			—			15,980
Deferred revenue	(2,963		)	—			(2,963		)
Accounts payable and accruals	(3,393		)	(1,445		)	(4,838		)
Deferred income tax liability	(2,530		)	550			(1,980		)
Goodwill	10,555			895			11,450
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 (restated ⁽¹⁾)		2013
Consolidated pro forma revenue	$	141,456	$	92,671
Consolidated pro forma operating income (loss) from continuing operations	$	7,494	$	(22,843	)

(1) See Note 1 for restatement information.

CSI [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the fair value of the assets acquired and liabilities assumed as of the March 1, 2014, acquisition date:



(in thousands)	Preliminary Amounts Recognized as of Acquisition Date ⁽¹⁾			Measurement Period Adjustments				Final Amounts Recognized
Cash	$	6,513		$	—			$	6,513
Accounts receivable	2,920			(20		)	⁽⁴⁾	2,900
Inventories	7,625			(242		)	⁽⁴⁾	7,383
Prepaid expenses and other current assets	158			(23		)	⁽⁴⁾	135
Property and equipment	816			(45		)	⁽⁴⁾	771
Intangible assets	16,230			(57		)	⁽²⁾	16,173
Accounts payable, accruals and other liabilities	(2,875		)	(37		)	⁽⁴⁾	(2,912		)
Income tax payable	(1,175		)	—				(1,175		)
Deferred income tax liability	(6,616		)	323			⁽²⁾	(6,293		)
Goodwill	20,142			405				20,547
Total Consideration	$	43,738		$	304		⁽³⁾	$	44,042

(1) As previously reported in the Notes to the Consolidated Financial Statements included in our 2014 Form 10-K.

(2) Intangible asset fair value adjustment for trade name and related tax effect.

(3) Payment for final working capital adjustment.

(4) Other measurement period adjustments mostly related to inventory adjustments.

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	$	90	1 month
Customer relationships	11,410		9 years
Trademark	303		1 year
Developed technology	3,860		3 years
Non-compete	510		2 years
Total intangible assets	$	16,173

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