Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 32,919 $ 67,948
Restricted cash 2,763 2,621
Accounts receivable, net of allowance for doubtful accounts of $22 and $27, respectively 101,269 124,159
Manufacturing inventories 33,569 50,274
Service parts inventories 22,367 24,640
Other current assets 11,578 11,942
Total current assets 204,465 281,584
Long-term assets:    
Property and equipment, less accumulated depreciation 13,893 14,653
Intangible assets, less accumulated amortization 498 731
Goodwill 55,613 55,613
Other long-term assets 3,732 4,577
Total long-term assets 73,736 75,574
Total Assets 278,201 357,158
Current liabilities:    
Accounts payable 41,666 54,367
Accrued warranty 3,422 4,219
Deferred revenue, current 86,416 95,899
Accrued restructuring charges, current 1,757 3,855
Convertible subordinated debt, current, net of unamortized debt issuance costs of $390 at March 31, 2015 0 83,345
Accrued compensation 24,680 35,414
Other accrued liabilities 13,317 20,740
Total current liabilities 171,258 297,839
Long-term liabilities:    
Deferred revenue, long-term 34,182 39,532
Accrued restructuring charges, long-term 831 991
Long-term debt 68,920 0
Convertible subordinated debt, long-term, net of unamortized debt issuance costs of $862 and $1,207, respectively 69,138 68,793
Other long-term liabilities 10,738 10,441
Total long-term liabilities 183,809 119,757
Stockholders' deficit:    
Common stock, $0.01 par value; 1,000,000 shares authorized; 264,140 and 258,208 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively 2,641 2,582
Capital in excess of par 462,351 456,411
Accumulated deficit (545,592) (523,311)
Accumulated other comprehensive income 3,734 3,880
Total stockholders’ deficit (76,866) (60,438)
Total liabilities and stockholders' deficit $ 278,201 $ 357,158