Variable Interest Entities (Tables) - Delphax

9 Months Ended

Dec. 31, 2019

Variable Interest Entity [Line Items]

Condensed Balance Sheet

The following table sets forth the carrying values of Delphax’s assets and liabilities as of December 31, 2019 and March 31, 2019 (in thousands):

	December 31, 2019		March 31, 2019
ASSETS
Current assets:
Cash and cash equivalents	$	3	$	12
Accounts receivable, net	50		47
Other current assets	9		59
Total current assets	62		118
Other tax receivables-long-term	—		311
Total assets	62		429
LIABILITIES
Current liabilities:
Accounts payable	96		2,151
Accrued expenses	392		3,158
Short-term debt	—		1,750
Total current liabilities	488		7,059
Total liabilities	488		7,059
Net Liabilities	$	(426)	$	(6,630)

Condensed Income Statement

The following table sets forth the revenue and expenses of Delphax prior to intercompany eliminations that are included in the Company’s condensed consolidated statement of income for the three months ended December 31, 2019 and 2018 (in thousands):

	Nine Months Ended December 31,
	2019		2018
Operating Revenues	$	—	$	—
Operating Expenses:
Cost of sales	—		—
General and administrative	182		216
	182		216
Operating Loss	(182)		(216)
Non-operating Income (Expenses), net	6,237		(133)
Income (Loss) Before Income Taxes	6,055		(349)
Income Taxes	—		—
Net Income (Loss)	$	6,055	$	(349)