Quantum Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

RESTATEMENT - Consolidated Balance Sheets (Details)

RESTATEMENT - Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Apr. 02, 2016	Mar. 31, 2016
Current Assets
Cash and cash equivalents	$ 10,790	$ 10,926	$ 5,704	$ 10,227	$ 10,865	$ 10,309	$ 13,983	$ 8,661	$ 12,958
Accounts receivable, net of allowance for doubtful accounts of $16 as of March 31, 2017	86,828	79,571	76,304	81,427	96,350	96,156	99,226	97,508	101,946
Manufacturing inventories	18,440	15,563	21,084	30,666	34,428	35,461	34,712	36,686	36,274
Service part inventories	19,070	18,551	18,642	19,397	21,889	19,061	19,915	19,788	19,849
Other current assets	18,095	7,877	11,291	11,348	13,565	8,335	9,581	9,760	9,183
Restricted cash	1,065	1,098	6,124	1,220	1,342	3,054	3,063	3,002	2,954
Total current assets	154,288	133,586	139,149	154,285	178,439	172,376	180,480	175,405	183,164
Property and equipment, less accumulated depreciation	8,437	8,773	8,925	9,361	9,698	10,226	10,420	10,137	10,876
Intangible assets, less accumulated amortization	34	60	86	112	138	164	204	240	276
Restricted cash, long-term	5,000	5,000	0	5,000	5,000	12,000	20,000	20,000	20,000
Other long term assets	5,112	7,572	6,034	8,500	9,364	8,663	6,546	6,305	6,926
Total assets	172,871	154,991	154,194	177,258	202,639	203,429	217,650	212,087	221,242
Current liabilities:
Accounts payable	37,395	38,774	45,021	51,601	62,646	57,142	48,488	44,494	40,826
Accrued warranty	3,456				2,422		0	0	3,689	$ 3,448
Deferred revenue, current	90,407	84,879	89,020	94,063	96,866	87,388	88,505	90,456	92,325
Accrued restructuring charges, current	2,876	3,947	4,437	2,681	3,166	5,086	2,370	2,878	1,894
Convertible subordinated debt, current		0	0	0		0	57,034	62,926	62,827
Accrued compensation	17,117	14,705	15,559	15,182	19,460	20,144	22,255	21,218	23,789
Other accrued liabilities	29,025	25,295	29,150	23,114	17,638	19,024	16,561	17,344	15,945
Total current liabilities	178,470	169,100	310,701	195,641	207,276	188,784	235,213	239,316	237,606
Deferred revenue, long-term	36,733	34,361	34,577	36,520	38,587	35,824	36,774	38,149	38,896
Accrued restructuring charges, long-term	0	0	0	2,432	2,653	3,098	3,615	4,045	4,388
Long-term debt, net of current portion	145,621	1,500	127,514	9,000	115,986	0	76,491	61,734	66,676
Other long-term liabilities	11,827	10,695	10,564	11,823	11,604	11,126	11,036	10,402	12,972
Total liabilities	372,651	351,229	355,842	358,671	376,106	356,133	363,129	353,646	360,538
Commitment and contingencies (Note 11)
Preferred stock:
Preferred stock 20,000 shares authorized; no shares issued as of March 31, 2017	0	0	0	0	0	0	0	0	0
Common stock:
Common stock, $0.01 par value; 1,000,000 shares authorized; 34,063 shares issued and outstanding at March 31, 2017	360	358	358	356	354	351	347	341	340
Additional paid-in capital		493,347	483,494	482,028		479,289	476,093	475,357	473,850
Accumulated deficit	(697,954)	(688,543)	(684,257)	(662,640)	(655,157)	(631,224)	(621,028)	(615,930)	(611,811)
Accumulated other comprehensive income	(1,410)	(1,400)	(1,243)	(1,157)	(274)	(1,120)	(891)	(1,327)	(1,675)
Total stockholders' deficit	(199,780)	(196,238)	(201,648)	(181,413)	(173,467)	(152,704)	(145,479)	(141,559)	(139,296)		$ (143,098)
Total liabilities and stockholders' deficit	$ 172,871	$ 154,991	$ 154,194	$ 177,258	$ 202,639	$ 203,429	217,650	212,087	221,242
Previously Reported [Member]
Current Assets
Cash and cash equivalents							9,504	8,661	12,958
Accounts receivable, net of allowance for doubtful accounts of $16 as of March 31, 2017							105,771	109,418	116,056
Manufacturing inventories							29,119	27,821	27,661
Service part inventories							19,915	19,788	19,849
Other current assets							8,795	10,005	9,969
Restricted cash							1,969	1,891	1,832
Total current assets							175,073	177,584	188,325
Property and equipment, less accumulated depreciation							10,745	10,455	11,186
Intangible assets, less accumulated amortization							204	240	276
Restricted cash, long-term							20,000	20,000	20,000
Other long term assets							5,127	4,753	5,240
Total assets							211,149	213,032	225,027
Current liabilities:
Accounts payable							48,488	45,007	41,611
Accrued warranty							2,950	3,161	3,263
Deferred revenue, current							77,090	79,996	84,683
Accrued restructuring charges, current							1,743	2,249	869
Convertible subordinated debt, current							57,034	62,926	62,827
Accrued compensation							23,179	22,186	24,104
Other accrued liabilities							12,927	13,309	12,998
Total current liabilities							223,411	228,834	230,355
Deferred revenue, long-term							35,906	36,697	37,642
Accrued restructuring charges, long-term							423	544	481
Long-term debt, net of current portion							70,631	60,219	65,028
Other long-term liabilities							5,112	4,736	7,520
Total liabilities							335,483	331,030	341,026
Commitment and contingencies (Note 11)
Preferred stock:
Preferred stock 20,000 shares authorized; no shares issued as of March 31, 2017							0	0	0
Common stock:
Common stock, $0.01 par value; 1,000,000 shares authorized; 34,063 shares issued and outstanding at March 31, 2017							347	341	340
Additional paid-in capital							476,409	475,357	473,850
Accumulated deficit							(604,832)	(596,969)	(593,295)
Accumulated other comprehensive income							3,742	3,273	3,106
Total stockholders' deficit							(124,334)	(117,998)	(115,999)		$ (125,885)
Total liabilities and stockholders' deficit							211,149	213,032	225,027
Restatement Adjustment [Member]
Current Assets
Cash and cash equivalents							4,479	0
Accounts receivable, net of allowance for doubtful accounts of $16 as of March 31, 2017							(6,545)	(11,910)	(14,110)
Manufacturing inventories							5,593	8,865	8,613
Service part inventories							0	0
Other current assets							786	(245)	(786)
Restricted cash							1,094	1,111	1,122
Total current assets							5,407	(2,179)	(5,161)
Property and equipment, less accumulated depreciation							(325)	(318)	(310)
Intangible assets, less accumulated amortization							0	0
Restricted cash, long-term							0	0
Other long term assets							1,419	1,552	1,686
Total assets							6,501	(945)	(3,785)
Current liabilities:
Accounts payable							0	(513)	(785)
Accrued warranty							(2,950)	(3,161)	(3,263)
Deferred revenue, current							11,415	10,460	7,642
Accrued restructuring charges, current							627	629	1,025
Convertible subordinated debt, current							0	0
Accrued compensation							(924)	(968)	(315)
Other accrued liabilities							3,634	4,035	2,947
Total current liabilities							11,802	10,482	7,251
Deferred revenue, long-term							868	1,452	1,254
Accrued restructuring charges, long-term							3,192	3,501	3,907
Long-term debt, net of current portion							5,860	1,515	1,648
Other long-term liabilities							5,924	5,666	5,452
Total liabilities							27,646	22,616	19,512
Commitment and contingencies (Note 11)
Preferred stock:
Preferred stock 20,000 shares authorized; no shares issued as of March 31, 2017							0	0	0
Common stock:
Common stock, $0.01 par value; 1,000,000 shares authorized; 34,063 shares issued and outstanding at March 31, 2017							0	0	0
Additional paid-in capital							(316)	0
Accumulated deficit							(16,196)	(18,961)	(18,516)
Accumulated other comprehensive income							(4,633)	(4,600)	(4,781)
Total stockholders' deficit							21,145	(23,561)	(23,297)
Total liabilities and stockholders' deficit							$ 6,501	$ (945)	$ (3,785)