| Schedule of consolidated balance sheets |
Certain significant amounts included in the Company’s consolidated balance sheets consist of the following (in thousands):
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|
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|
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| |
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March 31, |
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| |
|
2019 |
|
|
2018 |
|
Manufacturing inventories: |
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|
|
|
|
|
|
|
Finished goods |
|
|
|
|
|
|
|
|
Manufactured finished goods |
|
$ |
8,160 |
|
|
$ |
11,215 |
|
Distributor inventory |
|
|
3,345 |
|
|
|
10,870 |
|
| |
|
|
|
|
|
|
|
|
Total finished goods |
|
|
11,505 |
|
|
|
22,085 |
|
| |
|
|
|
|
|
|
|
|
Work in progress |
|
|
107 |
|
|
|
778 |
|
Raw materials |
|
|
6,828 |
|
|
|
11,565 |
|
| |
|
|
|
|
|
|
|
|
Total manufacturing inventories |
|
$ |
18,440 |
|
|
$ |
34,428 |
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| |
|
|
|
|
|
|
|
|
| |
|
|
Service inventories: |
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|
|
|
|
|
|
|
Finished goods |
|
$ |
13,437 |
|
|
$ |
14,863 |
|
Component parts |
|
|
5,633 |
|
|
|
7,026 |
|
| |
|
|
|
|
|
|
|
|
Total service inventories |
|
$ |
19,070 |
|
|
$ |
21,889 |
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| |
|
|
|
|
|
|
|
|
| |
|
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Other current assets: |
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|
|
|
|
|
|
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Insurance receivable |
|
$ |
8,950 |
|
|
$ |
— |
|
Prepayments |
|
|
3,856 |
|
|
|
4,331 |
|
Income tax receivable |
|
|
1,927 |
|
|
|
582 |
|
Other |
|
|
3,362 |
|
|
|
8,652 |
|
| |
|
|
|
|
|
|
|
|
Total other current assets |
|
$ |
18,095 |
|
|
$ |
13,565 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
Property and equipment, net |
|
|
|
|
|
|
|
|
Machinery and equipment |
|
$ |
30,306 |
|
|
$ |
34,090 |
|
Furniture and fixtures |
|
|
2,073 |
|
|
|
1,942 |
|
Leasehold improvements |
|
|
6,990 |
|
|
|
6,763 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
39,369 |
|
|
|
42,795 |
|
Less: accumulated depreciation and amortization |
|
|
(30,932 |
) |
|
|
(33,097 |
) |
| |
|
|
|
|
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|
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Total property, plant and equipment, net |
|
$ |
8,437 |
|
|
$ |
9,698 |
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| |
|
|
|
|
|
|
|
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Other accrued liabilities: |
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|
|
|
|
|
|
|
Accrued expenses |
|
$ |
8,925 |
|
|
$ |
7,619 |
|
Asset retirement obligation |
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|
1,936 |
|
|
|
2,176 |
|
Accrued settlement |
|
|
10,452 |
|
|
|
101 |
|
Accrued warranty |
|
|
3,456 |
|
|
|
2,422 |
|
Other accrued liabilities |
|
|
4,256 |
|
|
|
5,320 |
|
| |
|
|
|
|
|
|
|
|
Total other current liabilities |
|
$ |
29,025 |
|
|
$ |
17,638 |
|
| |
|
|
|
|
|
|
|
|
|
| Schedule of changes in accrued warranty |
The following table details the change in the accrued warranty balance (in thousands):
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For the year ended March 31, |
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| |
|
2019 |
|
|
2018 |
|
|
2017
(as restated)
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|
Opening balance |
|
$ |
2,422 |
|
|
$ |
3,689 |
|
|
$ |
3,448 |
|
Additional warranties issued |
|
|
5,766 |
|
|
|
5,139 |
|
|
|
7,491 |
|
Adjustments for warranties issued in prior fiscal years |
|
|
326 |
|
|
|
(116 |
) |
|
|
309 |
|
Settlements |
|
|
(5,058 |
) |
|
|
(6,291 |
) |
|
|
(7,559 |
) |
| |
|
|
|
|
|
|
|
|
|
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Ending balance |
|
$ |
3,456 |
|
|
$ |
2,422 |
|
|
$ |
3,689 |
|
|