Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 22,757 $ 27,430
Restricted cash 450 707
Accounts receivable, net of allowance for doubtful accounts of $350 and $406 63,098 73,102
Manufacturing inventories 28,848 24,467
Service parts inventories 23,564 23,421
Other current assets 11,451 6,939
Total current assets 150,168 156,066
Property and equipment, net 12,295 10,051
Intangible assets, net 9,132 5,037
Goodwill 10,262 3,466
Restricted cash 0 5,000
Right-of-use assets, net 7,917 9,383
Other long-term assets 8,684 5,921
Total assets 198,458 194,924
Current liabilities:    
Accounts payable 36,991 35,245
Deferred revenue 78,105 84,027
Accrued restructuring charges 20 580
Long-term debt, current portion 3,125 1,850
Accrued compensation 15,435 19,214
Other accrued liabilities 18,750 18,174
Total current liabilities 152,426 159,090
Deferred revenue 40,766 36,126
Long-term debt, net of current portion 101,368 90,890
Operating lease liabilities 6,818 8,005
Other long-term liabilities 13,073 13,058
Total liabilities 314,451 307,169
Commitments and contingencies (Note 10)
Stockholders' deficit    
Preferred stock, 20,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 125,000 shares authorized; 59,272 and 56,915 shares issued and outstanding 593 570
Additional paid-in capital 636,538 626,664
Accumulated deficit (752,029) (738,623)
Accumulated other comprehensive loss (1,095) (856)
Total stockholders’ deficit (115,993) (112,245)
Total liabilities and stockholders’ deficit $ 198,458 $ 194,924