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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 26,349 $ 27,176
Restricted cash and cash equivalents 4,842 5,320
Marketable securities 0 9,297
Accounts receivable, net 81,795 94,024
Inventories 430 555
Income taxes receivable 33,020 32,709
Prepaid expenses and other current assets 16,631 14,910
Total current assets 163,067 183,991
Equipment and improvements, net 26,683 25,790
Capitalized software costs, net 13,827 13,250
Deferred income taxes, net 8,158 8,198
Intangibles, net 85,943 91,675
Goodwill 188,837 188,837
Other assets 18,559 19,049
Total assets 505,074 530,790
Current liabilities:    
Accounts payable 4,122 11,126
Deferred revenue 54,361 57,935
Accrued compensation and related benefits 14,257 18,670
Income taxes payable 90 91
Other current liabilities 52,660 50,238
Total current liabilities 125,490 138,060
Deferred revenue, net of current 1,476 1,335
Deferred compensation 6,617 6,357
Line of credit 88,000 105,000
Other noncurrent liabilities 13,365 10,661
Total liabilities 234,948 261,413
Commitments and contingencies (Note 13)
Shareholders’ equity:    
$0.01 par value; authorized 100,000 shares; issued and outstanding 61,510 and 60,978 shares at June 30, 2016 and March 31, 2016, respectively 615 610
Additional paid-in capital 212,765 211,262
Accumulated other comprehensive loss (593) (481)
Retained earnings 57,339 57,986
Total shareholders’ equity 270,126 269,377
Total liabilities and shareholders’ equity $ 505,074 $ 530,790