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Discontinued Operations (Tables)
12 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations

The Company recognized a gain on its divestiture of Lifesize video conferencing business as follows (in thousands):
 
 
Year Ended
 
 
March 31, 2016
Proceeds received from the divestiture of discontinued operations
 
$
2,500

Fair value of retained cost method investment as a result of the divestiture of discontinued operations
 
5,591

Net liabilities of discontinued operations divested
 
9,981

Currency translation loss released due to the divestiture of discontinued operations (1)
 
(3,913
)
Transaction-related costs
 
(475
)
Gain on divestiture of discontinued operations (2)
 
$
13,684

(1) Currency translation loss recognized as a result of the substantial liquidation of a subsidiary using non-USD functional currency, which is part of discontinued operations

(2) Gain on divestiture of discontinued operation was included in loss from discontinued operations, net of income taxes, in the Company's consolidated statement of operations
The following table presents financial results of the video conferencing classified as discontinued operations (in thousands):

 
 
Years Ended March 31,
 
 
2016
Net sales
 
$
65,554

Cost of goods sold
 
24,951

Gross profit
 
40,603

Operating expenses:
 


Marketing and selling
 
32,260

Research and development
 
16,526

General and administrative
 
5,254

Restructuring charges, net
 
7,900

Operating expenses
 
61,940

Operating loss from discontinued operations
 
(21,337
)
Interest and other expense, net
 
(205
)
Gain on divestiture of discontinued operations
 
13,684

Loss from discontinued operations before income taxes
 
(7,858
)
Provision for income taxes
 
1,187

Net loss from discontinued operations
 
$
(9,045
)