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Supplemental Financial Information
3 Months Ended
Jun. 30, 2013
Supplemental Financial Information  
Supplemental Financial Information

2.                                      Supplemental Financial Information

 

Inventories

 

The following table presents details of our inventories:

 

 

 

June 30,

 

March 31,

 

 

 

2013

 

2013

 

 

 

(In thousands)

 

Materials and supplies

 

$

1,307

 

$

1,504

 

Work in process

 

139

 

105

 

Finished goods

 

627

 

856

 

 

 

$

2,073

 

$

2,465

 

 

Intangible Assets

 

The following table presents details of our intangible assets:

 

 

 

June 30, 2013

 

March 31, 2013

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

1,856

 

$

(1,239

)

$

1,856

 

$

(1,178

)

Customer contracts / relationships

 

750

 

(278

)

750

 

(247

)

Trade names and non-compete agreements

 

1,110

 

(563

)

1,110

 

(495

)

Capitalized software development costs

 

431

 

 

328

 

 

Total

 

$

4,147

 

$

(2,080

)

$

4,044

 

$

(1,920

)

 

We do not have any intangible assets with indefinite useful lives. As of June 30, 2013, future estimated amortization expense is as follows:

 

Fiscal Year Ending March 31:

 

 

 

(In thousands)

 

 

 

Remainder of 2014

 

$

538

 

2015

 

575

 

2016

 

503

 

2017

 

354

 

2018

 

88

 

Thereafter

 

9

 

 

 

$

2,067

 

 

If we acquire additional intangible assets in future periods, our future amortization expense will increase.

 

Warranty Reserve Activity

 

The following table presents activity related to the warranty reserve:

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2013

 

2012

 

 

 

(In thousands)

 

Balance at beginning of period

 

$

169

 

$

231

 

Addition charged to cost of revenues

 

55

 

(6

)

Warranty claims

 

(46

)

(28

)

Balance at end of period

 

$

178

 

$

197

 

 

Comprehensive Income

 

Comprehensive income is equal to net income for all periods presented in the accompanying unaudited consolidated statements of operations.

 

Earnings Per Share

 

The following table sets forth the computation of basic and diluted income per share from continuing operations:

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2013

 

2012

 

 

 

(In thousands)

 

Denominator:

 

 

 

 

 

Weighted average common shares used in basic per share computation

 

32,520

 

33,809

 

Dilutive stock options

 

125

 

 

Dilutive restricted stock units

 

68

 

54

 

Dilutive warrants

 

3

 

 

Weighted average common shares used in diluted per share computation

 

32,716

 

33,863

 

 

The following instruments were excluded for purposes of calculating weighted average common share equivalents in the computation of diluted income from continuing operations per share as their effect would have been anti-dilutive:

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2013

 

2012

 

 

 

(In thousands)

 

 

 

 

 

 

 

Stock options

 

725

 

1,938

 

Restricted stock units

 

 

 

Warrants

 

 

15