Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 33,870 $ 67,948
Restricted cash 2,788 2,621
Accounts receivable, net of allowance for doubtful accounts of $22 and $27, respectively 105,959 124,159
Manufacturing inventories 40,614 50,274
Service parts inventories 21,407 24,640
Other current assets 6,953 11,942
Total current assets 211,591 281,584
Long-term assets:    
Property and equipment, less accumulated depreciation 12,939 14,653
Intangible assets, less accumulated amortization 451 731
Goodwill 0 55,613
Other long-term assets 4,565 4,577
Total long-term assets 17,955 75,574
Total assets 229,546 357,158
Current liabilities:    
Accounts payable 46,136 54,367
Accrued warranty 3,430 4,219
Deferred revenue, current 88,919 95,899
Accrued restructuring charges, current 1,621 3,855
Long-term debt, current 3,000 0
Convertible subordinated debt, current, net of unamortized debt issuance costs of $390 at March 31, 2015 0 83,345
Accrued compensation 22,744 35,414
Other accrued liabilities 13,806 20,740
Total current liabilities 179,656 297,839
Long-term liabilities:    
Deferred revenue, long-term 35,427 39,532
Accrued restructuring charges, long-term 1,116 991
Long-term debt 62,709 0
Convertible subordinated debt, long-term net of unamortized debt issuance costs of $747 and $1,207, respectively 69,253 68,793
Other long-term liabilities 8,324 10,441
Total long-term liabilities $ 176,829 $ 119,757
Commitments and contingencies (Note 13)
Preferred stock:    
Preferred stock, 20,000 shares authorized; no shares issued as of March 31, 2016 and 2015 $ 0 $ 0
Common stock:    
Common stock, $0.01 par value; 1,000,000 shares authorized; 266,209 and 258,208 shares issued and outstanding as of March 31, 2016 and 2015, respectively 2,662 2,582
Capital in excess of par 464,549 456,411
Accumulated deficit (597,994) (523,311)
Accumulated other comprehensive income 3,844 3,880
Stockholders’ deficit (126,939) (60,438)
Total liabilities and stockholders' deficit $ 229,546 $ 357,158