Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ (74,683) $ 16,760 $ (21,474)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 6,410 8,281 10,713
Amortization of intangible assets 280 3,697 8,902
Amortization and write off of debt issuance costs 1,062 1,896 1,634
Service parts lower of cost or market adjustment 5,972 3,698 11,307
Deferred income taxes (85) (160) 36
Share-based compensation 8,916 11,583 13,459
Goodwill impairment 55,613 0 0
Gain on sale of assets 0 (462) 0
Gain on sale of other investments 0 (13,574) 0
Changes in assets and liabilities, net of effect of acquisition:      
Accounts receivable 18,200 (22,554) (4,770)
Manufacturing inventories 6,325 (19,688) 13,352
Service parts inventories (780) (1,010) 2,675
Accounts payable (8,180) 12,849 (5,881)
Accrued warranty (789) (1,897) (1,404)
Deferred revenue (11,085) (2,721) 8,651
Accrued restructuring charges (2,109) (3,548) 3,619
Accrued compensation (12,712) 11,318 (6,140)
Other assets and liabilities (4,075) 1,566 795
Net cash provided by (used in) operating activities (11,720) 6,034 35,474
Cash flows from investing activities:      
Purchases of property and equipment (3,482) (3,241) (5,957)
Proceeds from sale of assets 0 462 0
Change in restricted cash (139) (250) 426
Purchases of other investments 0 (22) (1,118)
Return of principal from other investments 0 112 0
Proceeds from sale of other investments 0 15,097 0
Payment for business acquisition, net of cash acquired 0 (517) 0
Net cash provided by (used in) investing activities (3,621) 11,641 (6,649)
Cash flows from financing activities:      
Borrowings of long-term debt, net 68,920 0 0
Repayments of long-term debt (3,211) 0 0
Repayments of convertible subordinated debt (83,735) (50,000) (1,265)
Payment of taxes due upon vesting of restricted stock (3,176) (2,378) (1,880)
Proceeds from issuance of common stock 2,478 3,737 4,430
Net cash provided by (used in) financing activities (18,724) (48,641) 1,285
Effect of exchange rate changes on cash and cash equivalents (13) (211) 39
Net increase (decrease) in cash and cash equivalents (34,078) (31,177) 30,149
Cash and cash equivalents at beginning of period 67,948 99,125 68,976
Cash and cash equivalents at end of period 33,870 67,948 99,125
Supplemental disclosure of cash flow information:      
Proceeds from sale of other investments included in other assets 0 1,564 0
Purchases of property and equipment included in accounts payable 367 429 649
Cash paid during the year for:      
Interest 6,873 8,498 8,247
Income taxes, net of refunds $ 579 $ 750 $ 574