Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 12,958 $ 33,870
Restricted cash 1,832 2,788
Accounts receivable, net of allowance for doubtful accounts of $16 and $22, respectively 116,056 105,959
Manufacturing inventories 27,661 40,614
Service parts inventories 19,849 21,407
Other current assets 9,969 8,007
Total current assets 188,325 212,645
Long-term assets:    
Property and equipment, less accumulated depreciation 11,186 12,939
Intangible assets, less accumulated amortization 276 451
Restricted cash 20,000 0
Other long-term assets 5,240 4,565
Total long-term assets 36,702 17,955
Total assets 225,027 230,600
Current liabilities:    
Accounts payable 41,611 46,136
Accrued warranty 3,263 3,430
Deferred revenue 84,683 88,919
Accrued restructuring charges 869 1,621
Long-term debt 0 3,000
Convertible subordinated debt 62,827 0
Accrued compensation 24,104 22,744
Other accrued liabilities 12,998 13,806
Total current liabilities 230,355 179,656
Long-term liabilities:    
Deferred revenue 37,642 35,427
Accrued restructuring charges 481 1,116
Long-term debt, net of current portion 65,028 62,709
Convertible subordinated debt 0 69,253
Other long-term liabilities 7,520 8,324
Total long-term liabilities 110,671 176,829
Commitments and Contingencies (Note 13)
Preferred stock:    
Preferred stock, 20,000 shares authorized; no shares issued as of March 31, 2017 and 2016 0 0
Common stock:    
Common stock, $0.01 par value; 1,000,000 shares authorized; 34,063 and 33,276 shares issued and outstanding at March 31, 2017 and 2016, respectively 341 332
Capital in excess of par 473,850 466,879
Accumulated deficit (593,295) (596,940)
Accumulated other comprehensive income 3,105 3,844
Stockholders’ deficit (115,999) (125,885)
Total liabilities and stockholders' deficit $ 225,027 $ 230,600