Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

Segment Information (Tables)

12 Months Ended

Mar. 31, 2015

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment[Table Text Block]

Segment information for the fiscal years ended March 31, 2015, 2014 and 2013, is set forth below:



	Fiscal Year Ended March 31, 2015 (as restated⁽¹⁾)
(in thousands)	IBW			CSG			Total
Revenue	$	37,714		$	46,413		$	84,127
Gross profit	13,715			13,095			26,810
Gross margin	36.4		%	28.2		%	31.9		%
Research & development	8,955			8,393			17,348
Segment profit	$	4,760		$	4,702		9,462
Operating expenses:
Sales & marketing							12,407
General & administrative							14,678
Intangible amortization							6,377
Restructuring							3,243
Goodwill impairment							31,997
Operating income (loss)							(59,240		)
Other income (expense), net							(2		)
Income tax (expense) benefit							201
Net income (loss) from continuing operations							$	(59,041	)
(1) See Note 1 for restatement information.
	Fiscal Year Ended March 31, 2014 (as restated⁽¹⁾)
(in thousands)	IBW			CSG			Total
Revenue	$	13,096		$	88,977		$	102,073
Gross profit	4,161			36,300			40,461
Gross margin	31.8		%	40.8		%	39.6		%
Research & development	1,360			9,979			11,339
Segment profit	$	2,801		$	26,321		29,122
Operating expenses:
Sales & marketing							13,304
General & administrative							14,027
Intangible amortization							4,889
Restructuring							335
Operating income (loss)							(3,433		)
Other income (expense), net							(56		)
Income tax (expense) benefit							7,910
Net income (loss) from continuing operations							$	4,421

(1) See Note 1 for restatement information.



	Fiscal Year Ended March 31, 2013
(in thousands)	IBW			CSG			Total
Revenue	$	904		$	37,904		$	38,808
Gross profit	391			12,225			12,616
Gross margin	43.3		%	32.3		%	32.5		%
Research & development	305			5,623			5,928
Segment profit	$	86		$	6,602		6,688
Operating expenses:
Sales & marketing							6,783
General & administrative							9,310
Intangible amortization							887
Restructuring							149
Goodwill impairment							2,884
Operating income (loss)							(13,325		)
Other income (expense), net							175
Income tax (expense) benefit							(29,392		)
Net income (loss) from continuing operations							$	(42,542	)

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Significant Customers and Concentration of Credit

The Company is dependent on certain major companies operating in telecommunications markets that represent more than 10% of the total revenue. Sales to major customers and successor companies that exceed 10% of total revenue are as follows:



	Fiscal Year Ended March 31,
	2015		2014		2013
Verizon	30.5	%	23.9	%	17.1	%
Telamon	5.8	%	30.3	%	12.4	%
Time Warner Cable	2.6	%	2.3	%	10.4	%

Schedule of Major Customer Accounts Receivable [Table Text Block]

Major companies operating in telecommunications markets comprise a significant portion of the Company’s trade receivables. Receivables from major customers that exceed 10% of total accounts receivable balance are as follows:



	Fiscal Year Ended March 31,
	2015		2014
Verizon	30.4	%	30.6	%
AT&T	12.7	%	16.7	%