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, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 3,645 $ (76,394) $ 17,083
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 5,433 6,410 8,281
Amortization of intangible assets 175 280 3,697
Amortization and write off of debt issuance costs 1,373 1,062 1,896
Service parts lower of cost or market adjustment 4,960 5,972 3,698
Deferred income taxes 97 (85) (160)
Share-based compensation 6,698 8,916 11,583
Goodwill impairment 0 55,613 0
Gain on sale of assets 0 0 (462)
Gain on sale of other investments 0 0 (13,574)
Changes in assets and liabilities, net of effect of acquisition:      
Accounts receivable (10,097) 18,043 (22,554)
Manufacturing inventories 12,931 6,778 (19,688)
Service parts inventories (4,969) (780) (1,010)
Accounts payable (4,845) (8,180) 12,849
Accrued warranty (167) (789) (1,897)
Deferred revenue (2,020) (11,085) (2,721)
Accrued restructuring charges (1,387) (2,109) (3,548)
Accrued compensation 1,492 (12,712) 11,318
Other assets and liabilities (4,405) (2,660) 1,243
Net cash provided by (used in) operating activities 8,914 (11,720) 6,034
Cash flows from investing activities:      
Purchases of property and equipment (1,752) (3,482) (3,241)
Proceeds from sale of assets 0 0 462
Change in restricted cash (20,240) (139) (250)
Purchases of other investments 0 0 (22)
Return of principal from other investments 0 0 112
Proceeds from sale of other investments 0 0 15,097
Payment for business acquisition, net of cash acquired 0 0 (517)
Net cash provided by (used in) investing activities (21,992) (3,621) 11,641
Cash flows from financing activities:      
Borrowings of long-term debt, net 104,914 68,920 0
Repayments of long-term debt (106,172) (3,211) 0
Repayments of convertible subordinated debt (6,910) (83,735) (50,000)
Payment of taxes due upon vesting of restricted stock (738) (3,176) (2,378)
Proceeds from issuance of common stock 1,020 2,478 3,737
Net cash (used in) financing activities (7,886) (18,724) (48,641)
Effect of exchange rate changes on cash and cash equivalents 52 (13) (211)
Net (decrease) in cash and cash equivalents (20,912) (34,078) (31,177)
Cash and cash equivalents at beginning of period 33,870 67,948 99,125
Cash and cash equivalents at end of period 12,958 33,870 67,948
Supplemental disclosure of cash flow information:      
Proceeds from sale of other investments included in other assets 0 0 429
Purchases of property and equipment included in accounts payable 321 367 1,564
Transfer of inventory to property and equipment 1,588 1,438 2,530
Cash paid during the year for:      
Interest 5,952 6,873 8,498
Income taxes, net of refunds $ 1,050 $ 579 $ 750