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Supplementary Financial Information
3 Months Ended
Jun. 30, 2016
Supplementary Financial Information  
Supplementary Financial Information

 

2.Supplemental Financial Information

 

Inventories

 

The following table presents details of our inventories:

 

 

 

June 30,

 

March 31,

 

 

 

2016

 

2016

 

 

 

(In thousands)

 

Materials and supplies

 

$

1,770 

 

$

1,754 

 

Work in process

 

215 

 

217 

 

Finished goods

 

655 

 

1,182 

 

 

 

 

 

 

 

 

 

$

2,640 

 

$

3,153 

 

 

 

 

 

 

 

 

 

 

Intangible Assets

 

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

 

 

 

June 30, 2016

 

March 31, 2016

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

1,856

 

$

(1,744

)

$

1,856

 

$

(1,708

)

Customer contracts / relationships

 

750

 

(653

)

750

 

(622

)

Trade names and non-compete agreements

 

1,110

 

(1,025

)

1,110

 

(1,008

)

Capitalized software development costs

 

1,244

 

(497

)

988

 

(415

)

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,960

 

$

(3,919

)

$

4,704

 

$

(3,753

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2016, future estimated amortization expense is as follows:

 

Year Ending March 31,

 

 

 

(In thousands)

 

 

 

Remainder of 2017

 

$

404 

 

2018

 

337 

 

2019

 

257 

 

2020

 

43 

 

Thereafter

 

 

 

 

 

 

 

 

$

1,041 

 

 

 

 

 

 

 

Warranty Reserve Activity

 

The following table presents activity related to the warranty reserve:

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2016

 

2015

 

 

 

(In thousands)

 

Balance at beginning of fiscal year

 

$

193

 

$

181

 

Additions charged to cost of sales

 

52

 

54

 

Warranty claims

 

(35

)

(39

)

 

 

 

 

 

 

Balance at end of fiscal year

 

$

210

 

$

196

 

 

 

 

 

 

 

 

 

 

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

 

 

 

June 30,

 

 

 

2016

 

2015

 

 

 

(In thousands)

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted average common shares used in basic computation

 

32,052 

 

32,203 

 

Dilutive stock options

 

 

 

Dilutive restricted stock units

 

 

 

 

 

 

 

 

 

Weighted average common shares used in diluted computation

 

32,052 

 

32,203 

 

 

 

 

 

 

 

 

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

 

 

 

June 30,

 

 

 

2016

 

2015

 

 

 

(In thousands)

 

 

 

 

 

 

 

Stock options

 

3,310 

 

2,410 

 

Restricted stock units

 

173 

 

285