Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.0.814
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2015
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 14,026 $ 35,793
Short-term investments 23,906 15,584
Accounts receivable (net of allowance of $408 and $82 as of March 31, 2015 and 2014, respectively) 11,845 15,831 [1]
Inventories 16,205 24,056 [1]
Prepaid expenses and other current assets 3,285 1,952 [1]
Deferred income tax assets [2] 1,043 1,449
Land held-for-sale 264 264
Total current assets [2] 70,574 94,929 [1]
Property and equipment:    
Land 672 780
Machinery and equipment 1,701 1,413
Office, computer and research equipment 6,260 9,039 [1]
Leasehold improvements 7,451 7,450
Total property and equipment, gross 16,084 18,682 [1]
Less accumulated depreciation and amortization (12,481) (16,001)
Property and equipment, net 3,603 2,681 [1]
Goodwill 0 31,997 [1],[2]
Other intangible assets, net 25,942 32,319 [1]
Other non-current assets 258 393
Total assets [2] 100,377 162,319 [1]
Current liabilities:    
Accounts payable 4,011 7,508 [1]
Accrued expenses [2] 4,602 4,365
Accrued restructuring 1,161 57
Accrued expenses 974 4,395
Contingent consideration 1,184 2,067
Deferred revenue 2,415 1,774
Total current liabilities [2] 14,347 20,166 [1]
Deferred revenue non-current 751 787
Deferred income tax liability [2] 1,089 1,622
Accrued restructuring non-current 1,642 0
Contingent consideration non-current 400 574
Other non-current liabilities 409 528
Total liabilities [2] $ 18,638 $ 23,677 [1]
Commitments and contingencies (see Notes 2 and 6)
Stockholders' equity:    
Preferred stock, par $0.01, Authorized – 1,000,000 shares Issued and outstanding – none $ 0 $ 0
Additional paid-in capital 413,026 410,176
Treasury stock at cost – 17,466,855 and 17,130,965 shares at March 31, 2015 and 2014, respectively (35,066) (34,206)
Cumulative translation adjustment 608 608
Accumulated deficit [2] (297,436) (238,534) [1]
Total stockholders’ equity [2] 81,739 138,642 [1]
Total liabilities and stockholders’ equity [2] 100,377 162,319 [1]
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock, value 468 459
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock, value $ 139 $ 139
[1] Certain amounts have been adjusted to reflect measurement period adjustments related to the CSI acquisition (see Note 2).
[2] See Note 1 for restatement information.