Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net loss $ (17,997) $ (1,373)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 3,898 3,119
Amortization of debt issuance costs 4,906 3,012
Long-term debt related costs 167 0
Provision for product and service inventories 4,764 4,946
Stock-based compensation 6,428 5,408
Bad debt expense 123 220
Deferred income taxes 6 242
Unrealized foreign exchange loss 1,984 479
Changes in assets and liabilities:    
Accounts receivable, net 1,342 11,731
Manufacturing inventories (7,732) (8,915)
Service parts inventories (4,559) (2,881)
Accounts payable (7,022) 7,676
Accrued restructuring charges 210 (2,876)
Accrued compensation 4,268 (2,345)
Deferred revenue (9,727) (17,176)
Other assets and liabilities (1,323) (6,233)
Net cash used in operating activities (20,264) (4,966)
Investing activities    
Purchases of property and equipment (4,665) (2,327)
Business acquisition, net of cash acquired (2,636) 0
Net cash used in investing activities (7,301) (2,327)
Financing activities    
Borrowings of long-term debt, net of debt issuance costs 19,400 0
Borrowings of credit facility 232,663 245,590
Repayments of credit facility (229,847) (241,539)
Borrowings of payment protection program 10,000 0
Payment of taxes due upon vesting of restricted stock 0 (171)
Proceeds from issuance of common stock 539 0
Net cash provided by financing activities 32,755 3,880
Effect of exchange rate changes on cash, cash equivalents and restricted cash (62) (3)
Net change in cash, cash equivalents and restricted cash 5,128 (3,416)
Cash, cash equivalents, and restricted cash at beginning of period 12,270 16,855
Supplemental disclosure of cash flow information    
Cash paid for interest 19,992 15,942
Cash paid (received) for income taxes, net of refunds (2,464) 155
Non-cash transactions    
Transfer of inventory to property and equipment 372 253
Payment of litigation settlements with insurance proceeds 0 8,950
Cash, cash equivalents, and restricted cash at end of period 17,398 13,439
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the statement of cash flows:    
Total cash, cash equivalents and restricted cash at the end of period 17,398 13,439
Purchases of property and equipment included in accounts payable    
Non-cash transactions    
Purchases of property and equipment 67 178
Purchases of property and equipment included in accrued liabilities    
Non-cash transactions    
Purchases of property and equipment $ 1,255 $ 0