Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]        
Revenue $ 14,043us-gaap_SalesRevenueNet $ 25,236us-gaap_SalesRevenueNet $ 65,514us-gaap_SalesRevenueNet $ 77,652us-gaap_SalesRevenueNet
Cost of revenue 9,648us-gaap_CostOfGoodsAndServicesSold 13,304us-gaap_CostOfGoodsAndServicesSold [1] 43,370us-gaap_CostOfGoodsAndServicesSold 45,281us-gaap_CostOfGoodsAndServicesSold [1]
Gross profit 4,395us-gaap_GrossProfit 11,932us-gaap_GrossProfit [1] 22,144us-gaap_GrossProfit 32,371us-gaap_GrossProfit [1]
Operating expenses:        
Sales and marketing 2,719us-gaap_SellingAndMarketingExpense 3,205us-gaap_SellingAndMarketingExpense [1] 9,064us-gaap_SellingAndMarketingExpense 9,749us-gaap_SellingAndMarketingExpense [1]
Research and development 4,353us-gaap_ResearchAndDevelopmentExpense 2,527us-gaap_ResearchAndDevelopmentExpense 13,128us-gaap_ResearchAndDevelopmentExpense 7,845us-gaap_ResearchAndDevelopmentExpense
General and administrative 2,797us-gaap_GeneralAndAdministrativeExpense 3,402us-gaap_GeneralAndAdministrativeExpense 9,131us-gaap_GeneralAndAdministrativeExpense 10,200us-gaap_GeneralAndAdministrativeExpense
Intangible amortization 1,562us-gaap_AmortizationOfIntangibleAssets 737us-gaap_AmortizationOfIntangibleAssets 4,857us-gaap_AmortizationOfIntangibleAssets 3,588us-gaap_AmortizationOfIntangibleAssets
Restructuring 0us-gaap_RestructuringCharges 38us-gaap_RestructuringCharges 55us-gaap_RestructuringCharges 273us-gaap_RestructuringCharges
Goodwill impairment 20,547us-gaap_GoodwillImpairmentLoss   31,102us-gaap_GoodwillImpairmentLoss  
Total operating expenses 31,978us-gaap_OperatingExpenses 9,909us-gaap_OperatingExpenses [1] 67,337us-gaap_OperatingExpenses 31,655us-gaap_OperatingExpenses [1]
Operating income (loss) (27,583)us-gaap_OperatingIncomeLoss 2,023us-gaap_OperatingIncomeLoss (45,193)us-gaap_OperatingIncomeLoss 716us-gaap_OperatingIncomeLoss
Other income (expense), net (29)us-gaap_OtherNonoperatingIncomeExpense (31)us-gaap_OtherNonoperatingIncomeExpense 16us-gaap_OtherNonoperatingIncomeExpense (63)us-gaap_OtherNonoperatingIncomeExpense
Income (loss) before income taxes and discontinued operations (27,612)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,992us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (45,177)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 653us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit (expense) 72us-gaap_IncomeTaxExpenseBenefit (38)us-gaap_IncomeTaxExpenseBenefit 170us-gaap_IncomeTaxExpenseBenefit (125)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) from continuing operations (27,540)us-gaap_IncomeLossFromContinuingOperations 1,954us-gaap_IncomeLossFromContinuingOperations (45,007)us-gaap_IncomeLossFromContinuingOperations 528us-gaap_IncomeLossFromContinuingOperations
Discontinued Operations:        
Income (loss) from discontinued operations, net of tax benefit   (29)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax   (39)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income (loss) (2) $ (27,540)us-gaap_NetIncomeLoss [2] $ 1,925us-gaap_NetIncomeLoss [2] $ (45,007)us-gaap_NetIncomeLoss [2] $ 489us-gaap_NetIncomeLoss [2]
Basic net income (loss) per share:        
Basic net income (loss) from continuing operations $ (0.46)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.03us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.75)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.01us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Basic net loss from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic net income (loss) per share $ (0.46)us-gaap_EarningsPerShareBasic $ 0.03us-gaap_EarningsPerShareBasic $ (0.75)us-gaap_EarningsPerShareBasic $ 0.01us-gaap_EarningsPerShareBasic
Diluted net income (loss) per share:        
Diluted net income (loss) from continuing operations $ (0.46)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.03us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.75)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.01us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Diluted net loss from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted net income (loss) per share $ (0.46)us-gaap_EarningsPerShareDiluted $ 0.03us-gaap_EarningsPerShareDiluted $ (0.75)us-gaap_EarningsPerShareDiluted $ 0.01us-gaap_EarningsPerShareDiluted
Weighted-average number of common shares outstanding:        
Basic 60,016us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 58,834us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 59,885us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 58,678us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options(3) 0us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment [3] 1,816us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment [3] 0us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment [3] 1,087us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment [3]
Diluted 60,016us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 60,650us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 59,885us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 59,765us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Certain amounts have been reclassified to reflect a change in accounting principle. See Note 1.
[2] Net income (loss) and comprehensive income (loss) are the same for the periods reported.
[3] The Company had 43 thousand and 85 thousand shares represented by options for the three and nine months ended December 31, 2013, respectively, which were not included in the computation of average dilutive shares outstanding because there were anti-dilutive. In periods with a net loss, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation.