Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
REVENUE        
Revenue $ 101,979 $ 115,994 $ 299,403 $ 342,375
COSTS AND EXPENSES:        
Total cost of revenue 58,897 73,034 174,455 205,258
Gross profit 43,082 42,960 124,948 137,117
Operating expense        
Research and development 7,907 9,162 24,030 29,957
Sales and marketing 16,990 26,711 52,797 79,613
General and administrative 13,481 12,416 46,943 36,342
Restructuring charges 1,227 4,239 5,428 5,940
Total operating expenses 39,605 52,528 129,198 151,852
Income (loss) from operations 3,477 (9,568) (4,250) (14,735)
Other (income) expense, net:        
Interest expense, net 6,238 2,968 14,809 8,185
Loss on debt extinguishment 5,033   17,458 39
Other (income) expense, net (3,846) (210) (3,870) (385)
Net loss before income taxes (3,948) (12,326) (32,647) (22,574)
Income tax expense (benefit) 337 (2,127) 739 (3,161)
Net loss $ (4,285) $ (10,199) $ (33,386) $ (19,413)
LOSS PER SHARE:        
Loss per share - basic and diluted $ (0.12) $ (0.29) $ (0.94) $ (0.56)
Weighted-average shares outstanding – basic and diluted 35,552 34,820 35,500 34,499
Net loss $ (4,285) $ (10,199) $ (33,386) $ (19,413)
Other comprehensive income (loss), net of tax:        
Change in foreign currency translation adjustments (157) (229) (1,126) 556
Total comprehensive loss (4,442) (10,428) (34,512) (18,857)
Product [Member]        
REVENUE        
Revenue 62,986 75,343 181,477 212,422
COSTS AND EXPENSES:        
Total cost of revenue 45,819 58,119 132,576 160,401
Service [Member]        
REVENUE        
Revenue 34,097 34,875 101,013 104,902
COSTS AND EXPENSES:        
Total cost of revenue 13,078 14,915 41,879 44,857
Royalty [Member]        
REVENUE        
Revenue $ 4,896 $ 5,776 $ 16,913 $ 25,051