Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.4.0.3
Segment Information (Tables)
12 Months Ended
Mar. 31, 2016
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment[Table Text Block]
Segment information for the fiscal years ended March 31, 2016, 2015 and 2014, is set forth below:
 
Fiscal Year Ended March 31, 2016
(in thousands)
IBW
 
CSG
 
Total
Revenue
$
34,407

 
$
53,796

 
$
88,203

Gross profit
13,944

 
20,572

 
34,516

Gross margin
40.5
%
 
38.2
%
 
39.1
%
Research and development
11,059

 
8,258

 
19,317

Segment profit
$
2,885

 
$
12,314

 
15,199

Operating expenses:
 
 
 
 
 
Sales and marketing
 
 
 
 
15,817

General and administrative
 
 
 
 
9,836

Intangible amortization
 
 
 
 
5,554

Restructuring
 
 
 
 
748

Operating income (loss) from continuing operations
 
 
 
 
(16,756
)
Other income (expense), net
 
 
 
 
169

Income tax (expense) benefit
 
 
 
 
102

Net income (loss) from continuing operations
 
 
 
 
$
(16,485
)
 
 
 
 
 
 
 
Fiscal Year Ended March 31, 2015
(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 and development
8,955

 
8,393

 
17,348

Segment profit
$
4,760

 
$
4,702

 
9,462

Operating expenses:
 
 
 
 


Sales and marketing
 
 
 
 
12,407

General and administrative
 
 
 
 
14,678

Intangible amortization
 
 
 
 
6,377

Restructuring
 
 
 
 
3,243

Goodwill impairment
 
 
 
 
31,997

Operating income (loss) from continuing operations
 
 
 
 
(59,240
)
Other income (expense), net
 
 
 
 
(2
)
Income tax (expense) benefit
 
 
 
 
201

Net income (loss) from continuing operations
 
 
 
 
$
(59,041
)
 
Fiscal Year Ended March 31, 2014
(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 and development
1,360

 
9,979

 
11,339

Segment profit
$
2,801

 
$
26,321

 
29,122

Operating expenses:
 
 
 
 
 
Sales and marketing
 
 
 
 
13,304

General and administrative
 
 
 
 
14,027

Intangible amortization
 
 
 
 
4,889

Restructuring
 
 
 
 
335

Operating income (loss) from continuing operations
 
 
 
 
(3,433
)
Other income (expense), net
 
 
 
 
(56
)
Income tax (expense) benefit
 
 
 
 
7,910

Net income (loss) from continuing operations
 
 
 
 
$
4,421

 
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,
 
2016
 
2015
 
2014
Verizon
23.1
%
 
30.5
%
 
23.9
%
AT&T
11.1
%
 
9.2
%
 
8.8
%
Telamon
4.4
%
 
5.8
%
 
30.3
%
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,
 
2016
 
2015
Verizon
32.8
%
 
30.4
%
AT&T
12.8
%
 
12.7
%