Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 53,685 $ 67,948
Restricted cash 2,713 2,621
Accounts receivable, net of allowance for doubtful accounts of $45 and $27, respectively 97,329 124,159
Manufacturing inventories 49,149 50,274
Service parts inventories 24,713 24,640
Other current assets 12,178 11,942
Total current assets 239,767 281,584
Long-term assets:    
Property and equipment, less accumulated depreciation 14,401 14,653
Intangible assets, less accumulated amortization 594 731
Goodwill 55,613 55,613
Other long-term assets 4,246 4,577
Total long-term assets 74,854 75,574
Total Assets 314,621 357,158
Current liabilities:    
Accounts payable 35,855 54,367
Accrued warranty 3,600 4,219
Deferred revenue, current 89,390 95,899
Accrued restructuring charges, current 2,674 3,855
Convertible subordinated debt, current, net of unamortized debt issuance costs of $234 and $390, respectively 83,501 83,345
Accrued compensation 34,450 35,414
Other accrued liabilities 15,734 20,740
Total current liabilities 265,204 297,839
Long-term liabilities:    
Deferred revenue, long-term 37,359 39,532
Accrued restructuring charges, long-term 881 991
Convertible subordinated debt, long-term, net of unamortized debt issuance costs of $1,092 and $1,207, respectively 68,908 68,793
Other long-term liabilities 10,262 10,441
Total long-term liabilities 117,410 119,757
Stockholders' deficit:    
Common stock, $0.01 par value; 1,000,000 shares authorized; 258,704 and 258,208 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively 2,587 2,582
Capital in excess of par 459,251 456,411
Accumulated deficit (534,066) (523,311)
Accumulated other comprehensive income 4,235 3,880
Total stockholders’ deficit (67,993) (60,438)
Total liabilities and stockholders' deficit $ 314,621 $ 357,158