Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,004 $ 27,430
Restricted cash 331 707
Accounts receivable, net of allowance for doubtful accounts of $347 and $406 66,070 73,102
Manufacturing inventories 33,912 24,467
Service parts inventories 22,532 23,421
Other current assets 14,082 6,939
Total current assets 140,931 156,066
Property and equipment, net 13,020 10,051
Intangible assets, net 10,738 5,037
Goodwill 10,262 3,466
Restricted cash 0 5,000
Right-of-use assets, net 3,483 9,383
Other long-term assets 9,202 5,921
Total assets 187,636 194,924
Current liabilities:    
Accounts payable 42,041 35,245
Deferred revenue 78,115 84,027
Accrued restructuring charges 597 580
Long-term debt, current portion 3,750 1,850
Accrued compensation 16,193 19,214
Other accrued liabilities 15,451 18,174
Total current liabilities 156,147 159,090
Deferred revenue 41,190 36,126
Long-term debt, net of current portion 97,928 90,890
Operating lease liabilities 2,714 8,005
Other long-term liabilities 12,440 13,058
Total liabilities 310,419 307,169
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; 59,816 and 56,915 shares issued and outstanding 599 570
Additional paid-in capital 640,839 626,664
Accumulated deficit (763,089) (738,623)
Accumulated other comprehensive loss (1,132) (856)
Total stockholders’ deficit (122,783) (112,245)
Total liabilities and stockholders’ deficit $ 187,636 $ 194,924