CONSOLIDATED BALANCE SHEET COMPONENTS

ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following:



	As of March 31,
	2013			2012
Trade receivables	$	32,394		$	24,759
Allowance for doubtful accounts	(699		)	(257		)
Total accounts receivable, net	$	31,695		$	24,502

PREPAID AND OTHER CURRENT ASSETS

Prepaid and other current assets consisted of the following:



	As of March 31,
	2013		2012
Non-trade accounts receivable	$	3,079	$	234
Prepaid royalties	2,097		—
Prepaid insurance	196		112
Prepaid inventory	127		—
Other prepaid expenses	602		775
Total prepaid and other current assets	$	6,101	$	1,121

PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:



	As of March 31,
	2013			2012
Leasehold improvements	$	1,108		$	533
Computer equipment and software	7,612			7,754
Digital cinema projection systems	360,651			355,664
Machinery and equipment	592			191
Furniture and fixtures	556			342
	370,519			364,484
Less - accumulated depreciation and amortization	(200,008		)	(163,510		)
Total property and equipment, net	$	170,511		$	200,974

For the fiscal years ended March 31, 2013 and 2012, total depreciation and amortization of property and equipment amounted to $36,498 and $35,865, respectively. For the fiscal years ended March 31, 2013 and 2012, the amortization of the Company’s capital leases, and included in depreciation and amortization of property and equipment, amounted to $239 and $342, respectively.

INTANGIBLE ASSETS

Intangible assets, net consisted of the following:



	As of March 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Useful Life (years)
Trademarks	$	168	$	(110	)	$	58	3
Corporate trade names	279		(272		)	7		2-10
Customer relationships and contracts	11,279		(2,199		)	9,080		3-15
Theatre relationships	550		(206		)	344		10-12
Covenants not to compete	2,121		(1,968		)	153		2-5
Content library	2,769		(508		)	2,261		5
Favorable lease agreement	1,193		(248		)	945		4
	$	18,359	$	(5,511	)	$	12,848



	As of March 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Useful Life (years)
Trademarks	$	136	$	(79	)	$	57	3
Corporate trade names	279		(260		)	19		2-10
Customer relationships and contracts	1,608		(1,608		)	—		3-5
Theatre relationships	550		(160		)	390		10-12
Covenants not to compete	1,839		(1,839		)	—		3-5
	$	4,412	$	(3,946	)	$	466

For the fiscal years ended March 31, 2013 and 2012, amortization expense amounted to $1,565 and $294, respectively. The Company did not record any impairment of intangible assets during the fiscal years ended March 31, 2013 and 2012.

Amortization expense on intangible assets for the next five fiscal years is estimated as follows:



For the fiscal years ending March 31,
2014	$	1,689
2015	$	1,551
2016	$	1,524
2017	$	1,358
2018	$	894

CAPITALIZED SOFTWARE COSTS, NET

Capitalized software costs, net consisted of the following:



	As of March 31,
	2013			2012
Capitalized software	$	13,665		$	10,573
Less - accumulated amortization	(6,582		)	(5,417		)
Total capitalized software costs, net	$	7,083		$	5,156

For the years ended March 31, 2013 and 2012, amortization of capitalized software costs, which is included in direct operating costs, amounted to $1,165 and $759, respectively.

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:



	As of March 31,
	2013		2012
Accounts payable	$	18,289	$	15,658
Amounts due to customers/producers	14,452		—
Accrued compensation and benefits	1,485		2,244
Accrued taxes payable	258		170
Interest payable	987		317
Accrued restructuring and transition expenses	—		953
Accrued other expenses	4,849		1,512
Total accounts payable and accrued expenses	$	40,320	$	20,854