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Supplemental Financial Information
9 Months Ended
Dec. 31, 2015
Supplemental Financial Information  
Supplemental Financial Information

 

2.Supplemental Financial Information

 

Inventories

 

The following table presents details of our inventories:

 

 

 

December 31,

 

March 31,

 

 

 

2015

 

2015

 

 

 

(In thousands)

 

Materials and supplies

 

$

1,601 

 

$

1,566 

 

Work in process

 

293 

 

216 

 

Finished goods

 

1,150 

 

1,280 

 

 

 

 

 

 

 

 

 

$

3,044 

 

$

3,062 

 

 

 

 

 

 

 

 

 

 

Intangible Assets

 

There no indefinite lived intangible assets on our consolidated balance sheets. The following table presents details of our net intangible assets:

 

 

 

December 31, 2015

 

March 31, 2015

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

1,856

 

$

(1,673

)

$

1,856

 

$

(1,565

)

Customer contracts / relationships

 

750

 

(590

)

750

 

(497

)

Trade names and non-compete agreements

 

1,110

 

(991

)

1,110

 

(916

)

Capitalized software development costs

 

498

 

(373

)

498

 

(249

)

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,214

 

$

(3,627

)

$

4,214

 

$

(3,227

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015, future estimated amortization expense is as follows:

 

Fiscal Year Ending March 31:

 

 

 

(In thousands)

 

 

 

Remainder of 2016

 

$

126 

 

2017

 

365 

 

2018

 

88 

 

2019

 

 

 

 

 

 

 

 

$

587 

 

 

 

 

 

 

 

Warranty Reserve Activity

 

The following table presents activity related to the warranty reserve:

 

 

 

Nine Months Ended

 

 

 

December 31,

 

 

 

2015

 

2014

 

 

 

(In thousands)

 

Balance at beginning of period

 

$

181

 

$

184

 

Addition charged to cost of revenues

 

174

 

98

 

Warranty claims

 

(159

)

(102

)

 

 

 

 

 

 

Balance at end of period

 

$

196

 

$

180

 

 

 

 

 

 

 

 

 

 

Comprehensive Income

 

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

 

Loss Per Share

 

The following table sets forth the reconciliation of weighted average common shares used in basic per share computations and weighted average common shares used in diluted per share computations in the unaudited consolidated financial statements:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

December 31,

 

December 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(In thousands)

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares used in basic per share computations

 

32,013 

 

32,568 

 

32,051 

 

32,603 

 

Dilutive stock options

 

 

 

 

 

Dilutive restricted stock units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares used in diluted per share computations

 

32,013 

 

32,568 

 

32,051 

 

32,603 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

December 31,

 

December 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

3,667 

 

2,391 

 

3,231 

 

2,177 

 

Restricted stock units

 

193 

 

201 

 

221 

 

197