SEGMENT REPORTING - Note 10

9 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING - Note 10

10. SEGMENT REPORTING

ASC 280, Segment Reporting, establishes annual and interim reporting standards for an enterprise's business segments and related disclosures about its products, services, geographic areas and major customers. Under ASC 280, the method for determining what information to report is based upon the way management organizes the operating segments within the Company for making operating decisions and assessing financial performance.

The Company manages its operations primarily on a geographic basis. The Chief Executive Officer, the Chief Financial Officer, and the Chief Technology Officer or the Company's Chief Operating Decision Makers (CODMs), evaluate performance of the Company and make decisions regarding allocation of resources based on geographic results. The Company's reportable segments are the Americas and Europe. The Americas segment is primarily North America. The Europe segment is primarily the United Kingdom. Each operating segment provides similar products and services.

The Company's CODMs evaluate the performance of its operating segments based on revenues and net income. Revenues are attributed to each segment based on the ordering location of the customer or ship to location. The Company allocates corporate overhead costs such as research and development, sales and marketing, general and administrative, amortization expense, stock-based compensation expense, and commitment and contingencies to the Americas segment.

The Company's revenue distribution by geographic region (based upon the destination of shipments and the customer's service address) was as follows:

	Three Months Ended		Nine Months Ended
	December 31,		December 31,
	2016	2015	2016	2015
Americas (principally US)	90%	87%	89%	87%
Europe (principally UK)	10%	13%	10%	12%
Asia-Pacific	0%	0%	1%	1%
	100%	100%	100%	100%

Geographic area data is based upon the location of the property and equipment and is as follows (in thousands):

		December 31,		March 31,
		2016		2016
Americas (principally US)	$	10,973	$	9,165
Europe (principally UK)		4,123		2,642
Asia-Pacific		128		568
Total	$	15,224	$	12,375

The following table provides financial information by segment for the three and nine months ended December 31, 2016 and 2015 (in thousands):

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2016		2015		2016		2015
Americas (principally US):
Net revenues	$	57,654	$	46,503	$	167,686	$	134,177
Net income	$	831	$	467	$	4,341	$	733
Europe (principally UK):
Net revenues	$	6,022	$	6,665	$	19,214	$	17,826
Net loss	$	(2,156)	$	(2,147)	$	(6,167)	$	(4,777)