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Supplemental Financial Information
9 Months Ended
Dec. 31, 2013
Supplemental Financial Information  
Supplemental Financial Information

2.             Supplemental Financial Information

 

Inventories

 

The following table presents details of our inventories:

 

 

 

December 31,

 

March 31,

 

 

 

2013

 

2013

 

 

 

(In thousands)

 

Materials and supplies

 

$

1,721

 

$

1,504

 

Work in process

 

48

 

105

 

Finished goods

 

899

 

856

 

 

 

$

2,668

 

$

2,465

 

 

Intangible Assets

 

The following table presents details of our intangible assets:

 

 

 

December 31, 2013

 

March 31, 2013

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

1,856

 

$

(1,361

)

$

1,856

 

$

(1,178

)

Customer contracts / relationships

 

750

 

(340

)

750

 

(247

)

Trade names and non-compete agreements

 

1,110

 

(701

)

1,110

 

(495

)

Capitalized software development costs

 

498

 

(42

)

328

 

 

Acquired data sets

 

130

 

(11

)

 

 

Total

 

$

4,344

 

$

(2,455

)

$

4,044

 

$

(1,920

)

 

Capitalized software development costs for the iPeMS platform and acquired data sets began to be amortized during the three month period ended December 31, 2013, resulting in approximately $53,000 recorded to cost of revenues in the accompanying unaudited consolidated statements of operations. We do not have any intangible assets with indefinite useful lives. As of December 31, 2013, future estimated amortization expense is as follows:

 

Fiscal Year Ending March 31:

 

 

 

(In thousands)

 

 

 

Remainder of 2014

 

$

197

 

2015

 

641

 

2016

 

569

 

2017

 

386

 

2018

 

88

 

Thereafter

 

8

 

 

 

$

1,889

 

 

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:

 

 

 

Nine Months Ended

 

 

 

December 31,

 

 

 

2013

 

2012

 

 

 

(In thousands)

 

Balance at beginning of period

 

$

169

 

$

231

 

Addition charged to cost of revenues

 

132

 

52

 

Warranty claims

 

(118

)

(126

)

Balance at end of period

 

$

183

 

$

157

 

 

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 (loss) per share from continuing operations:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

December 31,

 

December 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(In thousands)

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares used in basic per share computation

 

32,734

 

33,532

 

32,628

 

33,657

 

Dilutive stock options

 

118

 

66

 

125

 

43

 

Dilutive restricted stock units

 

45

 

41

 

71

 

58

 

Dilutive warrants

 

 

2

 

2

 

1

 

Weighted average common shares used in diluted per share computation

 

32,897

 

33,641

 

32,826

 

33,759

 

 

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

 

Nine Months Ended

 

 

 

December 31,

 

December 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

765

 

733

 

898

 

1,155

 

Warrants

 

 

 

 

5