Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Revenue $ 84,127us-gaap_SalesRevenueNet $ 102,073us-gaap_SalesRevenueNet $ 38,808us-gaap_SalesRevenueNet
Cost of revenue 57,317us-gaap_CostOfGoodsAndServicesSold 61,612us-gaap_CostOfGoodsAndServicesSold [1],[2] 26,192us-gaap_CostOfGoodsAndServicesSold [1]
Gross profit 26,810us-gaap_GrossProfit 40,461us-gaap_GrossProfit [1],[2] 12,616us-gaap_GrossProfit [1]
Operating expenses:      
Sales and marketing 12,407us-gaap_SellingAndMarketingExpense 13,304us-gaap_SellingAndMarketingExpense [1] 6,783us-gaap_SellingAndMarketingExpense [1]
Research and development 17,348us-gaap_ResearchAndDevelopmentExpense 11,339us-gaap_ResearchAndDevelopmentExpense 5,928us-gaap_ResearchAndDevelopmentExpense
General and administrative 14,678us-gaap_GeneralAndAdministrativeExpense 14,027us-gaap_GeneralAndAdministrativeExpense 9,310us-gaap_GeneralAndAdministrativeExpense
Intangible amortization 6,377us-gaap_AmortizationOfIntangibleAssets 4,889us-gaap_AmortizationOfIntangibleAssets [2] 887us-gaap_AmortizationOfIntangibleAssets
Restructuring 3,243us-gaap_RestructuringCharges 335us-gaap_RestructuringCharges 149us-gaap_RestructuringCharges
Goodwill impairment 31,102us-gaap_GoodwillImpairmentLoss   2,884us-gaap_GoodwillImpairmentLoss
Total operating expenses 85,155us-gaap_OperatingExpenses 43,894us-gaap_OperatingExpenses [1],[2] 25,941us-gaap_OperatingExpenses [1]
Operating loss from continuing operations (58,345)us-gaap_OperatingIncomeLoss (3,433)us-gaap_OperatingIncomeLoss [2] (13,325)us-gaap_OperatingIncomeLoss
Other income (expense), net (2)us-gaap_OtherNonoperatingIncomeExpense (56)us-gaap_OtherNonoperatingIncomeExpense 175us-gaap_OtherNonoperatingIncomeExpense
Loss before income taxes and discontinued operations (58,347)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (3,489)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (13,150)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax (expense) benefit 201us-gaap_IncomeTaxExpenseBenefit 8,460us-gaap_IncomeTaxExpenseBenefit [2] (29,392)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) from continuing operations (58,146)us-gaap_IncomeLossFromContinuingOperations 4,971us-gaap_IncomeLossFromContinuingOperations [2] (42,542)us-gaap_IncomeLossFromContinuingOperations
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 139us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (45)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (1,496)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income (loss) $ (58,007)us-gaap_NetIncomeLoss $ 4,926us-gaap_NetIncomeLoss [2] $ (44,038)us-gaap_NetIncomeLoss
Basic net income (loss) per share:      
Basic net income (loss) from continuing operations $ (0.97)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.08us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ (0.71)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Basic net income (loss) from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic net income (loss) per share $ (0.97)us-gaap_EarningsPerShareBasic $ 0.08us-gaap_EarningsPerShareBasic [2] $ (0.73)us-gaap_EarningsPerShareBasic
Diluted net income (loss) per share:      
Diluted net income (loss) from continuing operations $ (0.97)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.08us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ (0.71)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Diluted net income (loss) from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted net income (loss) per share $ (0.97)us-gaap_EarningsPerShareDiluted $ 0.08us-gaap_EarningsPerShareDiluted [2] $ (0.73)us-gaap_EarningsPerShareDiluted
Weighted-average number of Common shares outstanding:      
Basic 59,985us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 58,786us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 59,944us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options(3) 0us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment [3] 1,262us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment [3] 0us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment [3]
Diluted 59,985us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 60,048us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 59,944us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Certain amounts have been reclassified to reflect a change in accounting principle (see Note 1).
[2] Certain amounts have been adjusted to reflect measurement period adjustments related to the CSI acquisition (see Note 2).
[3] 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.