Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT - Consolidated Statement of Cash Flows (Details)

v3.19.2
RESTATEMENT - Consolidated Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:        
Net loss $ (21,617) $ (5,099) $ (29,100) $ (9,218)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation and amortization     2,181 2,610
Amortization of debt issuance costs     842 855
Product and service parts lower of cost or market adjustment     5,859 4,163
Share-based compensation expense     1,718 3,013
Non-cash interest expense     1,103  
Non-cash loss on debt extinguishment 12,425 39 12,425 39
Pension expense     511 733
Bad debt expense     (383) 292
Deferred income taxes, net     603 (319)
Loss on disposal of property and equipment     3 2
Unrealized foreign exchange (gain)/loss     (286) 1,019
Loss on investments     (43) 72
Changes in assets and liabilities:        
Accounts receivable     19,434 3,065
Manufacturing inventories     11,677 (1,199)
Service parts inventories     (1,122) (2,384)
Accounts payable     (17,520) 7,375
Accrued restructuring charges     (1,382) (297)
Accrued compensation     (4,415) (2,267)
Deferred revenue     (11,426) (5,947)
Other assets and liabilities     11,827 (2,913)
Net cash used in operating activities     2,670 (1,306)
Cash flows from investing activities:        
Purchases of property and equipment     (1,331) (1,151)
Proceeds from sale of assets       275
Cash distributions from investments     41 278
Net cash used in investing activities     (1,290) (598)
Cash flows from financing activities:        
Borrowings of long-term debt and subordinated convertible debt, net of debt issuance costs     164,968 165,270
Repayments on long-term debt     (171,584) (155,766)
Repayment of convertible subordinated debt       (6,030)
Payment of tax withholding due upon vesting of restricted stock       (1,777)
Proceeds from issuance of common stock, net     (6) 1,012
Net cash provided by (used in) financing activities     (6,622) 2,709
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (137) 329
Net decrease in cash, cash equivalents and restricted cash     (5,379) 1,134
Cash, cash equivalents and restricted cash at the beginning of period     17,207 35,912
Cash, cash equivalents and restricted cash at the end of period $ 11,828 37,046 11,828 37,046
Supplemental disclosure of cash flow information:        
Purchases of property and equipment included in accounts payable     104 287
Transfer of inventory to property and equipment     176 919
Cash Paid For:        
Interest     9,938 4,515
Taxes, net of refunds     $ 4,458 914
Previously Reported [Member]        
Cash flows from operating activities:        
Net loss   (7,863)   (11,537)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation and amortization       2,525
Amortization of debt issuance costs       855
Product and service parts lower of cost or market adjustment       2,319
Tax benefit from settlement       (1,656)
Share-based compensation expense       3,330
Non-cash interest expense       621
Non-cash loss on debt extinguishment   39   39
Deferred income taxes, net       144
Changes in assets and liabilities:        
Accounts receivable       10,284
Manufacturing inventories       (1,752)
Service parts inventories       (2,737)
Accounts payable       6,537
Accrued warranty       (313)
Accrued restructuring charges       817
Accrued compensation       (1,236)
Deferred revenue       (9,329)
Other assets and liabilities       815
Net cash used in operating activities       (304)
Cash flows from investing activities:        
Purchases of property and equipment       (1,156)
Cash distributions from investments       278
Net cash used in investing activities       (878)
Cash flows from financing activities:        
Borrowings of long-term debt and subordinated convertible debt, net of debt issuance costs       164,650
Repayments on long-term debt       (160,245)
Repayment of convertible subordinated debt       (6,000)
Payment of tax withholding due upon vesting of restricted stock       (1,775)
Proceeds from issuance of common stock, net       1,010
Net cash provided by (used in) financing activities       (2,360)
Effect of exchange rate changes on cash, cash equivalents and restricted cash       82
Net decrease in cash, cash equivalents and restricted cash       (3,454)
Cash, cash equivalents and restricted cash at the beginning of period       36,658
Cash, cash equivalents and restricted cash at the end of period   33,204   33,204
Supplemental disclosure of cash flow information:        
Purchases of property and equipment included in accounts payable       335
Restatement Adjustment [Member]        
Cash flows from operating activities:        
Net loss   2,764   2,319
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation and amortization       85
Product and service parts lower of cost or market adjustment       1,844
Tax benefit from settlement       1,656
Share-based compensation expense       (317)
Non-cash interest expense       (621)
Non-cash loss on debt extinguishment       30
Pension expense       733
Bad debt expense       292
Deferred income taxes, net       (463)
Loss on disposal of property and equipment       2
Unrealized foreign exchange (gain)/loss       1,019
Loss on investments       72
Changes in assets and liabilities:        
Accounts receivable       (7,219)
Manufacturing inventories       553
Service parts inventories       353
Accounts payable       838
Accrued warranty       313
Accrued restructuring charges       (1,114)
Accrued compensation       (1,031)
Deferred revenue       3,382
Other assets and liabilities       (3,728)
Net cash used in operating activities       (1,002)
Cash flows from investing activities:        
Purchases of property and equipment       5
Proceeds from sale of assets       275
Net cash used in investing activities       280
Cash flows from financing activities:        
Borrowings of long-term debt and subordinated convertible debt, net of debt issuance costs       620
Repayments on long-term debt       4,479
Repayment of convertible subordinated debt       (30)
Payment of tax withholding due upon vesting of restricted stock       (2)
Proceeds from issuance of common stock, net       2
Net cash provided by (used in) financing activities       5,069
Effect of exchange rate changes on cash, cash equivalents and restricted cash       247
Net decrease in cash, cash equivalents and restricted cash       4,588
Cash, cash equivalents and restricted cash at the beginning of period       (746)
Cash, cash equivalents and restricted cash at the end of period   $ 3,842   3,842
Supplemental disclosure of cash flow information:        
Purchases of property and equipment included in accounts payable       (48)
Transfer of inventory to property and equipment       919
Cash Paid For:        
Interest       4,515
Taxes, net of refunds       $ 914