| BALANCE SHEET INFORMATION |
Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
Manufacturing inventories |
March 31, |
|
2020 |
|
2019 |
Finished goods |
|
|
|
|
|
Manufactured finished goods |
$ |
15,790 |
|
|
$ |
8,160 |
|
Distributor inventory |
504 |
|
|
3,345 |
|
Total finished goods |
16,294 |
|
|
11,505 |
|
Work in progress |
1,001 |
|
|
107 |
|
Raw materials |
11,901 |
|
|
6,828 |
|
Total manufacturing inventories |
$ |
29,196 |
|
|
$ |
18,440 |
|
|
|
|
|
|
|
|
|
|
Service inventories |
March 31, |
|
2020 |
|
2019 |
Finished goods |
$ |
15,845 |
|
|
$ |
13,437 |
|
Component parts |
4,657 |
|
|
5,633 |
|
Total service inventories |
$ |
20,502 |
|
|
$ |
19,070 |
|
|
|
|
|
|
|
|
|
|
Other current assets |
March 31, |
|
2020 |
|
2019 |
Insurance receivable |
$ |
— |
|
|
$ |
8,950 |
|
Other |
8,489 |
|
|
9,145 |
|
Total other current assets |
$ |
8,489 |
|
|
$ |
18,095 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
March 31, |
|
2020 |
|
2019 |
Machinery and equipment |
$ |
33,804 |
|
|
$ |
30,306 |
|
Leasehold improvements |
6,733 |
|
|
6,990 |
|
Furniture and fixtures |
1,862 |
|
|
2,073 |
|
|
42,399 |
|
|
39,369 |
|
Less: accumulated depreciation |
(33,353 |
) |
|
(30,932 |
) |
Total property, plant and equipment, net |
$ |
9,046 |
|
|
$ |
8,437 |
|
|
|
|
|
|
|
|
|
|
Other accrued liabilities |
March 31, |
|
2020 |
|
2019 |
Accrued expenses |
$ |
3,237 |
|
|
$ |
8,925 |
|
Asset retirement obligation |
1,655 |
|
|
1,936 |
|
Accrued settlement |
101 |
|
|
10,452 |
|
Accrued warranty |
2,668 |
|
|
3,456 |
|
Accrued interest |
3,192 |
|
|
230 |
|
Other |
6,682 |
|
|
4,026 |
|
Total other accrued liabilities |
$ |
17,535 |
|
|
$ |
29,025 |
|
Depreciation and amortization expense for property and equipment amounted to $4.3 million, $4.2 million, and $4.8 million for the years ended March 31, 2020, 2019, and 2018, respectively.
The following table details the change in the accrued warranty balance (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended March 31, |
|
2020 |
|
2019 |
|
2018 |
Balance as of April 1 |
$ |
3,456 |
|
|
$ |
2,422 |
|
|
3,689 |
|
Current period accruals |
3,516 |
|
|
5,766 |
|
|
5,140 |
|
Adjustments to prior estimates |
(114 |
) |
|
326 |
|
|
(116 |
) |
Charges incurred |
(4,190 |
) |
|
(5,058 |
) |
|
(6,291 |
) |
Balance as of March 31 |
$ |
2,668 |
|
|
$ |
3,456 |
|
|
$ |
2,422 |
|
|