Annual report pursuant to Section 13 and 15(d)

BALANCE SHEET INFORMATION (Tables)

v3.23.1
BALANCE SHEET INFORMATION (Tables)
 12 Months Ended
Mar. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Schedule of manufacturing inventories
Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands):
Manufacturing inventories March 31,
2023 2022
   Manufactured finished goods $ 6,958  $ 14,607 
   Work in progress 1,304  2,546 
   Raw materials 11,179  16,393 
      Total manufacturing inventories $ 19,441  $ 33,546 
Schedule of service inventories
Service inventories March 31,
2023 2022
Finished goods $ 19,834  $ 19,234 
Component parts 5,470  5,020 
   Total service inventories $ 25,304  $ 24,254 
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:
Machinery and equipment
3 to 5 years
Computer equipment
3 to 5 years
Other software 3 years
Furniture and fixtures 5 years
Other office equipment 5 years
Leasehold improvements Shorter of useful life or life of lease
Property and equipment, net March 31,
2023 2022
Machinery and equipment, and software $ 46,170  $ 46,831 
Leasehold improvements 14,405  6,029 
Furniture and fixtures 848  838 
  61,423  53,698 
Less: accumulated depreciation (44,868) (40,845)
   Total property, plant and equipment, net $ 16,555  $ 12,853 
Summary of carrying value of intangible assets
Intangibles, net March 31, 2023 March 31, 2022
Gross Accumulated Amortization Net Gross Accumulated Amortization Net
   Developed technology $ 9,013  $ (6,269) $ 2,744  $ 9,208  $ (3,121) $ 6,087 
   Customer lists 4,398  (2,201) 2,197  4,600  (1,103) 3,497 
Intangible assets, net $ 13,411  $ (8,470) $ 4,941  $ 13,808  $ (4,224) $ 9,584 
Future expected amortization expense for intangible assets As of March 31, 2023, the future expected amortization expense for intangible assets is as follows (in thousands):
Fiscal year ending Estimated future amortization expense
2024 $ 3,488 
2025 1,453 
Thereafter — 
Total $ 4,941 
Goodwill rollforward
Goodwill Amount
Balance at March 31, 2022 $ 12,969 
Goodwill acquired — 
Balance at March 31, 2023
 $ 12,969 
Schedule of other accrued liabilities
Other accrued liabilities March 31,
2023 2022
Accrued expenses
 $ 1,988  $ 4,984 
Asset retirement obligation
 2,513  4,590 
Accrued income taxes
 1,509  943 
Accrued warranty
 2,094  1,899 
Accrued interest
 494  278 
Lease liability 1,364  1,727 
Other
 3,704  2,141 
   Total other accrued liabilities $ 13,666  $ 16,562 
Schedule of accrued warranty balance
The following table details the change in the accrued warranty balance (in thousands):
  Year Ended March 31,
2023 2022 2021
Balance as of April 1 $ 1,899  $ 2,383  2,668 
   Current period accruals 3,477  3,717  4,699 
   Adjustments to prior estimates (18) (156) (472)
   Charges incurred (3,264) (4,045) (4,512)
Balance as of March 31 $ 2,094  $ 1,899  $ 2,383