BALANCE SHEET INFORMATION (Tables)
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12 Months Ended |
Mar. 31, 2022 |
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| Balance Sheet Related Disclosures [Abstract] |
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| Schedule of manufacturing inventories |
Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands):
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| Manufacturing inventories |
March 31, |
|
2022 |
|
2021 |
| Finished goods |
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|
|
| Manufactured finished goods |
$ |
14,395 |
|
|
$ |
12,452 |
|
| Distributor inventory |
212 |
|
|
238 |
|
| Total finished goods |
14,607 |
|
|
12,690 |
|
| Work in progress |
2,546 |
|
|
2,074 |
|
| Raw materials |
16,393 |
|
|
9,703 |
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| Total manufacturing inventories |
$ |
33,546 |
|
|
$ |
24,467 |
|
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| Schedule of service inventories |
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| Service inventories |
March 31, |
|
2022 |
|
2021 |
| Finished goods |
$ |
19,234 |
|
|
$ |
18,773 |
|
| Component parts |
5,020 |
|
|
4,648 |
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| Total service inventories |
$ |
24,254 |
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|
$ |
23,421 |
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|
| Schedule of property and equipment |
Property and equipment are carried at cost, less accumulated depreciation and amortization, computed on a straight-line basis over the estimated useful lives of the assets as follows:
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| Machinery and equipment |
3 to 5 years |
| Computer equipment |
3 to 5 years |
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| Other software |
3 years |
| Furniture and fixtures |
5 years |
| Other office equipment |
5 years |
| Leasehold improvements |
Shorter of useful life or life of lease |
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| Property and equipment, net |
March 31, |
|
2022 |
|
2021 |
| Machinery and equipment, and software |
$ |
46,831 |
|
|
$ |
38,327 |
|
| Leasehold improvements |
6,029 |
|
|
7,080 |
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| Furniture and fixtures |
838 |
|
|
847 |
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|
|
|
|
|
|
|
| |
53,698 |
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|
46,254 |
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| Less: accumulated depreciation |
(40,845) |
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|
(36,203) |
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| Total property, plant and equipment, net |
$ |
12,853 |
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|
$ |
10,051 |
|
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| Summary of carrying value of intangible assets |
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| Intangibles, net |
|
March 31, 2022 |
|
March 31, 2021 |
|
|
Gross |
|
Accumulated Amortization |
|
Net |
|
Gross |
|
Accumulated Amortization |
|
Net |
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|
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| Developed technology |
|
$ |
9,208 |
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|
$ |
(3,121) |
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|
$ |
6,087 |
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|
$ |
4,700 |
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|
$ |
(473) |
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|
$ |
4,227 |
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| Customer lists |
|
4,600 |
|
|
(1,103) |
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|
3,497 |
|
|
900 |
|
|
(90) |
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|
810 |
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| Intangible assets, net |
|
$ |
13,808 |
|
|
$ |
(4,224) |
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|
$ |
9,584 |
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|
$ |
5,600 |
|
|
$ |
(563) |
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|
$ |
5,037 |
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| Future expected amortization expense for intangible assets |
As of March 31, 2022, the future expected amortization expense for intangible assets is as follows (in thousands):
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| Fiscal year ending |
|
Estimated future amortization expense |
| 2023 |
|
$ |
4,568 |
|
| 2024 |
|
3,417 |
|
| 2025 |
|
1,599 |
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|
|
|
|
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| Thereafter |
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— |
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| Total |
|
$ |
9,584 |
|
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| Goodwill rollforward |
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| Goodwill |
|
Amount |
| Balance at March 31, 2021 |
|
$ |
3,466 |
|
| Goodwill acquired |
|
9,503 |
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Balance at March 31, 2022 |
|
$ |
12,969 |
|
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| Schedule of other accrued liabilities |
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| Other accrued liabilities |
March 31, |
|
2022 |
|
2021 |
Accrued expenses |
$ |
4,984 |
|
|
$ |
6,799 |
|
Asset retirement obligation |
4,590 |
|
|
2,906 |
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|
|
Accrued warranty |
1,899 |
|
|
2,383 |
|
Accrued interest |
278 |
|
|
57 |
|
| Accrued restructuring |
— |
|
|
580 |
|
Other |
4,811 |
|
|
6,029 |
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| Total other accrued liabilities |
$ |
16,562 |
|
|
$ |
18,754 |
|
|
| Schedule of accrued warranty balance |
The following table details the change in the accrued warranty balance (in thousands):
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| |
Year Ended March 31, |
|
2022 |
|
2021 |
|
2020 |
| Balance as of April 1 |
$ |
2,383 |
|
|
$ |
2,668 |
|
|
3,456 |
|
| Current period accruals |
3,717 |
|
|
4,699 |
|
|
3,516 |
|
| Adjustments to prior estimates |
(156) |
|
|
(472) |
|
|
(114) |
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| Charges incurred |
(4,045) |
|
|
(4,512) |
|
|
(4,190) |
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| Balance as of March 31 |
$ |
1,899 |
|
|
$ |
2,383 |
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|
$ |
2,668 |
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