Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEET INFORMATION

3 Months Ended

Jun. 30, 2019

NOTE 3: BALANCE SHEET INFORMATION

Certain significant amounts included in the Company’s condensed consolidated balances sheet consist of the following (in thousands):


	As of June 30, 2019			As of March 31, 2019
Manufacturing inventories:
Finished goods
Manufactured finished goods	$	11,138		$	8,160
Distributor inventory		2,314			3,345
Total finished goods		13,452			11,505
Work in progress		1,013			107
Raw materials		9,971			6,828

Total manufacturing inventories	$	24,436		$	18,440


Service inventories:
Finished goods	$	14,144		$	13,437
Component parts		5,019			5,633

Total service inventories	$	19,163		$	19,070


Other current assets:
Insurance receivable	$	8,950		$	8,950
Prepayments		4,688			3,856
Other current assets		4,667			5,289

Total other current assets	$	18,305		$	18,095


Property and equipment, net:
Machinery and equipment	$	30,653		$	30,306
Furniture and fixtures		2,020			2,073
Leasehold improvements		7,052			6,990

		39,725			39,369
Less: accumulated depreciation		(31,722	)		(30,932	)

Total property and equipment, net	$	8,003		$	8,437


Other accrued liabilities:
Accrued expenses	$	6,500		$	8,925
Accrued settlement		10,452			10,452
Accrued warranty		4,172			3,456
Operating lease liabilities		3,026			—
Asset retirement obligation		1,935			1,936
Other accrued liabilities		3,589			4,256

Total other accrued liabilities	$	29,674		$	29,025