v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ (3,336) $ 947
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 3,092 3,747
Stock-based compensation 889 988
Loss on sale of fixed assets (1) (10)
Restructuring   165
Deferred taxes [1]   (697)
Gain on disposal of foreign operations [2]   (608)
Exchange rate loss (gain) 3 (20)
Changes in assets and liabilities:    
Accounts receivable 1,892 1,025
Inventories (941) 3,047
Prepaid expenses and other current assets (353) 545
Other assets 11 80
Deferred revenue (1,114) [3] (618)
Accounts payable and accrued expenses 494 (3,542)
Net cash provided by (used in) operating activities 638 5,069
Cash flows from investing activities:    
Maturities of other short-term investments 2,779 474
Payments to Acquire Short-term Investments   5,011
Purchases of property and equipment (273) (261)
Net cash provided by (used in) investing activities 2,506 (4,798)
Cash flows from financing activities:    
Purchases of treasury stock (1,038) (558)
Net cash provided by (used in) financing activities (1,038) (558)
Gain (loss) of exchange rate changes on cash (4) 1
Net increase (decrease) in cash and cash equivalents 2,102 (286)
Cash and cash equivalents, beginning of period 24,963 21,778
Cash and cash equivalents, end of period $ 27,065 $ 21,492
[1] During the quarter ended December 31, 2017, the Company had income tax benefit from the release of the tax valuation allowance associated with previously generated alternative minimum tax (AMT) credits due to the enacted Tax Reform. See Note 9.
[2] During the quarter ended September 30, 2017, the Company dissolved the NoranTel legal entity, which triggered a one-time foreign currency gain with the reversal of a cumulative translation adjustment. See Note 1.
[3] (1) During the quarter ended December 31, 2017, the Company had income tax benefit from the release of the tax valuation allowance associated with previously generated alternative minimum tax (AMT) credits due to the enacted Tax Reform. See Note 9. (2)During the quarter ended September 30, 2017, the Company dissolved the NoranTel legal entity, which triggered a one-time foreign currency gain with the reversal of a cumulative translation adjustment. See Note 1. (3) Includes the cumulative effect adjustment of the ASC 606 adoption. See Note 2.

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