Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,210 $ 27,430
Restricted cash 283 707
Accounts receivable, net of allowance for doubtful accounts of $422 and $406, respectively 69,354 73,102
Manufacturing inventories 33,546 24,467
Service parts inventories 24,254 23,421
Prepaid expenses 7,853 3,893
Other current assets 4,697 3,046
Total current assets 145,197 156,066
Property and equipment, net 12,853 10,051
Intangible assets, net 9,584 5,037
Goodwill 12,969 3,466
Restricted cash 0 5,000
Right-of-use assets, net 11,107 9,383
Other long-term assets 9,925 5,921
Total assets 201,635 194,924
Current liabilities:    
Accounts payable 34,220 35,245
Deferred revenue 86,517 84,027
Long-term debt, current portion 4,375 1,850
Accrued compensation 16,141 19,214
Other accrued liabilities 16,562 18,754
Total current liabilities 157,815 159,090
Deferred revenue 41,580 36,126
Revolving credit facility 17,735 0
Term loan 89,448 90,890
Operating lease liabilities 9,891 8,005
Other long-term liabilities 11,849 13,058
Total liabilities 328,318 307,169
Commitments and Contingencies (Note 10)
Preferred stock:    
Preferred stock, 20,000 shares authorized; no shares issued as of March 31, 2022 and 2021 0 0
Common stock:    
Common stock, $0.01 par value; 125,000 shares authorized; 60,433 and 56,915 shares issued and outstanding at March 31, 2022 and 2021, respectively 605 570
Additional paid-in capital 645,038 626,664
Accumulated deficit (770,903) (738,623)
Accumulated other comprehensive loss (1,423) (856)
Total stockholders' deficit (126,683) (112,245)
Total liabilities and stockholders' deficit $ 201,635 $ 194,924