Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net loss $ (24,466) $ (17,997)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 6,795 3,898
Amortization of debt issuance costs 1,981 4,906
Long-term debt related costs 0 167
Provision for product and service inventories 4,016 4,764
Stock-based compensation 10,580 6,428
Paycheck Protection Program loan forgiveness (10,000) 0
Non-cash loss on debt extinguishment 8,471 0
Other 282 2,113
Changes in assets and liabilities:    
Accounts receivable, net 7,008 1,342
Manufacturing inventories (10,672) (7,732)
Service parts inventories (2,281) (4,559)
Accounts payable 5,369 (7,022)
Accrued restructuring charges 17 210
Accrued compensation (3,021) 4,268
Deferred revenue (8,598) (9,727)
Other current assets (7,047) 846
Other non-current assets (1,148) 133
Other current liabilities (3,350) (2,432)
Other non-current liabilities (617) 130
Net cash used in operating activities (26,681) (20,264)
Investing activities    
Purchases of property and equipment (3,971) (4,665)
Business acquisition, net of cash acquired (7,808) (2,636)
Net cash used in investing activities (11,779) (7,301)
Financing activities    
Borrowings of long-term debt, net of debt issuance costs 94,961 19,400
Repayments of long-term debt (93,677) 0
Borrowings of credit facility 207,563 232,663
Repayments of credit facility (200,007) (229,847)
Borrowings of payment protection program 0 10,000
Proceeds from issuance of common stock 806 539
Net cash provided by financing activities 9,646 32,755
Effect of exchange rate changes on cash, cash equivalents and restricted cash 12 (62)
Net change in cash, cash equivalents and restricted cash (28,802) 5,128
Cash, cash equivalents, and restricted cash at beginning of period 33,137 12,270
Cash, cash equivalents, and restricted cash at end of period 4,335 17,398
Cash, Cash Equivalents and Restricted Cash at end of period    
Cash and cash equivalents 4,004 11,632
Restricted cash, current 331 766
Restricted cash, long-term 0 5,000
Cash, cash equivalents and restricted cash at the end of period 4,335 17,398
Supplemental disclosure of cash flow information    
Cash paid for interest 7,180 19,992
Cash paid (received) for income taxes, net 541 (2,464)
Non-cash transactions    
Transfer of inventory to property and equipment 382 372
Purchases of property and equipment included in accounts payable    
Non-cash transactions    
Purchases of property and equipment 1,148 67
Purchases of property and equipment included in accrued liabilities    
Non-cash transactions    
Purchases of property and equipment $ 1,212 $ 1,255