Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.20.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 11,632 $ 6,440
Restricted cash 766 830
Accounts receivable, net of allowance for doubtful accounts of $1,430 and $1,247 as of December 31, 2020 and March 31, 2020, respectively 69,440 70,370
Manufacturing inventories 33,854 29,196
Service parts inventories 22,998 20,502
Other current assets 7,946 8,489
Total current assets 146,636 135,827
Property and equipment, net 9,855 9,046
Intangible assets, net 5,503 0
Goodwill 3,447 0
Restricted cash 5,000 5,000
Right-of-use assets, net 10,096 12,689
Other long-term assets 5,244 3,433
Total assets 185,781 165,995
Current liabilities:    
Accounts payable 30,027 36,949
Deferred revenue 75,442 81,492
Long-term debt, current portion 1,850 7,321
Accrued compensation 19,225 14,957
Other accrued liabilities 18,449 17,535
Total current liabilities 144,993 158,254
Deferred revenue 34,565 37,443
Long-term debt, net of current portion 178,276 146,847
Operating lease liabilities 8,500 10,822
Other long-term liabilities 13,423 11,154
Total liabilities 379,757 364,520
Commitments and contingencies (Note 10)
Stockholders' deficit    
Preferred stock, 20,000 shares authorized; no shares issued as of December 31, 2020 and March 31, 2020, respectively 0 0
Common stock, $0.01 par value; 125,000 shares authorized; 41,554 shares issued and outstanding as of December 31, 2020 and 39,905 as of March 31, 2020, respectively 416 399
Additional paid-in capital 526,307 505,762
Accumulated deficit (721,161) (703,164)
Accumulated other comprehensive income (loss) 462 (1,522)
Total stockholders’ deficit (193,976) (198,525)
Total liabilities and stockholders’ deficit $ 185,781 $ 165,995