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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 15,713 $ 16,029
Trade accounts receivable, net of allowance for doubtful accounts of $378 and $714 at September 30, 2016 and March 31, 2016, respectively 12,459 13,241
Costs and estimated earnings in excess of billings on uncompleted contracts 6,983 5,250
Inventories 2,774 3,153
Prepaid expenses and other current assets 2,022 1,505
Total current assets 39,951 39,178
Property and equipment, net 2,168 2,139
Intangible assets, net 1,058 951
Goodwill 17,318 17,318
Other assets 327 434
Total assets 60,822 60,020
Current liabilities:    
Trade accounts payable 6,661 5,469
Accrued payroll and related expenses 4,668 5,719
Accrued liabilities 1,448 1,445
Billings in excess of costs and estimated earnings on uncompleted contracts 2,403 2,294
Total current liabilities 15,180 14,927
Deferred rent 699 750
Deferred income taxes 692 685
Unrecognized tax benefits 202 196
Total liabilities 16,773 16,558
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $1.00 par value: Authorized shares - 2,000 Issued and outstanding shares - none
Common stock, $0.10 par value: Authorized shares - 70,000 at September 30, 2016 and March 31, 2016 Issued and outstanding shares - 32,186 at September 30, 2016 and 32,048 at March 31, 2016 3,219 3,205
Additional paid-in capital 136,076 135,424
Accumulated deficit (95,246) (95,167)
Total stockholders' equity 44,049 43,462
Total liabilities and stockholders' equity $ 60,822 $ 60,020