Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Schedule of property and equipment estimated useful lives
Property and equipment are carried at cost, less accumulated depreciation and amortization, computed on a straight-line basis over the estimated useful lives of the assets as follows:
 
Machinery and equipment
    3 to 5 years  
Computer equipment
    3 to 5 years  
ERP software
    10 years  
Other software
    3 years  
Furniture and fixtures
    5 years  
Other office equipment
    5 years  
Leasehold improvements
    Shorter of useful life or life of lease  
Disaggregation of Revenue
   
Year Ended March 31, 2019
 
   
Americas
   
Europe
   
Asia Pacific
   
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary storage systems
  $ 37,228     $ 20,826     $ 6,743     $ 64,797  
Secondary storage systems
    69,255       38,743       12,544       120,542  
Device and media
    34,079       19,064       6,172       59,315  
Service
    87,040       37,216       10,440       134,696  
Royalty
    *       *       *       23,330  
                           
 
 
 
Total Revenue
                          $ 402,680  
                           
 
 
 
   
   
Year Ended March 31, 2018
 
   
Americas
   
Europe
   
Asia Pacific
   
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary storage systems
  $ 45,889     $ 24,649     $ 9,526     $ 80,064  
Secondary storage systems
    68,385       36,733       14,196       119,314  
Device and media
    39,664       21,306       8,234       69,204  
Service
    87,960       37,875       10,688       136,523  
Royalty
    *       *       *       32,579  
                           
 
 
 
Total Revenue
                          $ 437,684  
                           
 
 
 
   
   
Year Ended March 31, 2017 (As Restated)
 
   
Americas
   
Europe
   
Asia Pacific
   
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary storage systems
  $ 43,934     $ 19,165     $ 8,224     $ 71,323  
Secondary storage systems
    93,165       40,640       17,440       151,245  
Device and media
    52,820       23,042       9,888       85,750  
Service
    94,566       40,167       11,205       145,938  
Royalty
    *       *       *       38,798  
                           
 
 
 
Total Revenue
                          $ 493,054  
                           
 
 
 
 
*
Royalty revenue is not allocable to geographic regions.
Contract with Customer, Asset and Liability
Contract balances consisted of the following (in thousands)
 
   
Contract Balances
 
   
(in thousands)
 
   
Accounts

Receivable
   
Contract
Assets
   
Deferred
Revenue
(Current)
   
Deferred
Revenue

(Long-term)
 
Opening balance, April 1, 2018
  $ 96,350     $ —       $ 98,866     $ 38,587  
Closing balance, March 31, 2019
    86,828       —         90,407       36,733  
   
 
 
   
 
 
   
 
 
   
 
 
 
Decrease
  $ (9,522   $ —       $ 8,459     $ (1,854 )
   
 
 
   
 
 
   
 
 
   
 
 
 
Remaining performance obligation
Remaining performance
obligations
consisted of the following (in thousands):
 
   
Current
   
Non-

Current
   
Total
 
As of March 31, 2019
  $ 103,306     $ 47,417     $ 150,723