Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenue: $ 103,315 $ 101,979 $ 314,734 $ 299,403
Cost of revenue: 56,239 58,897 178,309 174,455
Gross profit 47,076 43,082 136,425 124,948
Operating expenses:        
Research and development 9,325 7,907 27,058 24,030
Sales and marketing 15,421 16,991 46,101 52,797
General and administrative 10,719 13,481 43,623 46,943
Restructuring charges (64) 1,227 1,020 5,428
Total operating expenses 35,401 39,606 117,802 129,198
Income (loss) from operations 11,675 3,476 18,623 (4,250)
Other income (expense), net (611) 3,846 (446) 3,870
Interest expense (6,425) (6,238) (19,079) (14,809)
Loss on debt extinguishment, net 0 (5,033) 0 (17,458)
Net income (loss) before income taxes 4,639 (3,949) (902) (32,647)
Income tax provision (benefit) (110) 337 471 739
Net income (loss) $ 4,749 $ (4,286) $ (1,373) $ (33,386)
Net income (loss) per share - basic (in usd per share) $ 0.12 $ (0.12) $ (0.04) $ (0.94)
Net income (loss) per share - diluted (in usd per share) $ 0.10 $ (0.12) $ (0.04) $ (0.94)
Weighted average shares - basic 38,134 35,552 36,828 35,500
Weighted average shares - diluted 46,567 35,552 36,828 35,500
Foreign currency translation adjustments, net $ 839 $ (157) $ 449 $ (1,126)
Total comprehensive income (loss) 5,588 (4,443) (924) (34,512)
Product        
Revenue: 66,435 62,986 200,361 181,477
Cost of revenue: 43,672 45,819 140,337 132,576
Service        
Revenue: 32,892 34,097 98,673 101,013
Cost of revenue: 12,567 13,078 37,972 41,879
Royalty        
Revenue: $ 3,988 $ 4,896 $ 15,700 $ 16,913