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Supplementary Financial Information (Tables)
12 Months Ended
Mar. 31, 2013
Supplementary Financial Information  
Schedule of inventories

 

 

 

 

March 31,

 

 

 

2013

 

2012

 

 

 

(In thousands)

 

Materials and supplies

 

$

1,504

 

$

1,513

 

Work in process

 

105

 

98

 

Finished goods

 

856

 

843

 

 

 

$

2,465

 

$

2,454

 

Schedule of property and equipment

 

 

 

 

March 31,

 

 

 

2013

 

2012

 

 

 

(In thousands)

 

Equipment

 

$

6,126

 

$

5,545

 

Leasehold improvements

 

1,953

 

1,946

 

Accumulated depreciation

 

(6,217

)

(5,543

)

 

 

$

1,862

 

$

1,948

 

Schedule of intangible assets

 

 

 

 

March 31,

 

 

 

2013

 

2012

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

1,856

 

$

(1,178

)

$

1,856

 

$

(935

)

Customer contracts / relationships

 

750

 

(247

)

750

 

(122

)

Trade names and non-compete agreements

 

1,110

 

(495

)

1,110

 

(219

)

Capitalized software development costs

 

328

 

 

138

 

 

Total

 

$

4,044

 

$

(1,920

)

$

3,854

 

$

(1,276

)

Schedule of future estimated amortization expense

 

 

Year Ending March 31,

 

 

 

(In thousands)

 

 

 

2014

 

$

736

 

2015

 

540

 

2016

 

469

 

2017

 

282

 

2018

 

88

 

Thereafter

 

9

 

 

 

$

2,124

 

Schedule of activity related to the carrying value of goodwill by reportable segment

 

 

 

 

Roadway
Sensors

 

Transportation
Systems

 

iPerform

 

Total

 

 

 

(In thousands)

 

Balance - March 31, 2011

 

 

 

 

 

 

 

 

 

Goodwill

 

8,214

 

16,278

 

 

24,492

 

Accumulated impairment losses

 

 

(7,970

)

 

(7,970

)

 

 

8,214

 

8,308

 

 

16,522

 

Acquisition of Berkeley Transportation Systems, Inc. (Note 4)

 

 

796

 

 

796

 

 

 

 

 

 

 

 

 

 

 

Balance - March 31, 2012

 

 

 

 

 

 

 

 

 

Goodwill

 

8,214

 

17,074

 

 

25,288

 

Accumulated impairment losses

 

 

(7,970

)

 

(7,970

)

 

 

$

8,214

 

$

9,104

 

$

 

$

17,318

 

 

 

 

 

 

 

 

 

 

 

Balance - March 31, 2013

 

 

 

 

 

 

 

 

 

Goodwill

 

8,214

 

16,278

 

796

 

25,288

 

Accumulated impairment losses

 

 

(7,970

)

 

(7,970

)

 

 

$

8,214

 

$

8,308

 

$

796

 

$

17,318

 

Schedule of warranty reserve activity

 

 

 

 

Year Ended March 31,

 

 

 

2013

 

2012

 

2011

 

 

 

(In thousands)

 

Balance at beginning of fiscal year

 

$

231

 

$

279

 

$

297

 

Additions charged to cost of sales

 

139

 

86

 

137

 

Warranty claims

 

(201

)

(134

)

(155

)

Balance at end of fiscal year

 

$

169

 

$

231

 

$

279

 

Schedule of computation of basic and diluted income (loss) from continuing operations per share

 

 

 

 

Year Ended March 31,

 

 

 

2013

 

2012

 

2011

 

 

 

(In thousands, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

914

 

$

1,306

 

$

(5,154

)

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average common shares used in basic computation

 

33,491

 

34,259

 

34,335

 

Dilutive stock options

 

60

 

96

 

 

Dilutive restricted stock units

 

56

 

25

 

 

Dilutive warrants

 

2

 

 

 

Weighted average common shares used in diluted computation

 

33,609

 

34,380

 

34,335

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations per share:

 

 

 

 

 

 

 

Basic

 

$

0.03

 

$

0.04

 

$

(0.15

)

Diluted

 

$

0.03

 

$

0.04

 

$

(0.15

)

Schedule of instruments excluded in the computation of diluted income (loss) from continuing operations per share

 

 

 

 

Year Ended March 31,

 

 

 

2013

 

2012

 

2011

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

Stock options

 

1,049

 

1,840

 

1,467

 

Restricted stock units

 

 

 

54

 

Warrants

 

4

 

15

 

272