Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 23,307 $ 6,440
Restricted cash 805 830
Accounts receivable, net of allowance for doubtful accounts of $1,348 and $1,247 as of June 30, 2020 and March 31, 2020, respectively 49,339 70,370
Manufacturing inventories 29,981 29,196
Service parts inventories 21,111 20,502
Other current assets 8,766 8,489
Total current assets 133,309 135,827
Property and equipment, net 9,980 9,046
Restricted cash 5,000 5,000
Right-of-use assets, net 12,325 12,689
Other long-term assets 4,329 3,433
Total assets 164,943 165,995
Current liabilities:    
Accounts payable 26,957 36,949
Deferred revenue 76,003 81,492
Accrued restructuring charges 458 0
Long-term debt, current portion 925 7,321
Accrued compensation 14,092 14,957
Other accrued liabilities 15,773 17,535
Total current liabilities 134,208 158,254
Deferred revenue 34,743 37,443
Long-term debt, net of current portion 169,705 146,847
Operating lease liabilities 10,402 10,822
Other long-term liabilities 11,386 11,154
Total liabilities 360,444 364,520
Commitments and contingencies (Note 9)
Stockholders' deficit    
Preferred stock, 20,000 shares authorized; no shares issued as of June 30, 2020 and March 31, 2020, respectively 0 0
Common stock, $0.01 par value; 125,000 shares authorized; 39,905 shares issued and outstanding as of June 30, 2020 and March 31, 2020, respectively 399 399
Additional paid-in capital 519,235 505,762
Accumulated deficit (713,900) (703,164)
Accumulated other comprehensive loss (1,235) (1,522)
Total stockholders’ deficit (195,501) (198,525)
Total liabilities and stockholders’ deficit $ 164,943 $ 165,995