XML 17 R5.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net loss $ (15,328) $ (6,122)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 2,580 2,034
Amortization of debt issuance costs 3,015 2,008
Long-term debt related costs 167 0
Provision for product and service inventories 3,588 3,442
Stock-based compensation 4,549 3,352
Bad debt expense 90 199
Deferred income taxes (15) 0
Unrealized foreign exchange (gain) loss 1,193 (99)
Changes in assets and liabilities:    
Accounts receivable, net 7,568 15,239
Manufacturing inventories (8,858) (5,799)
Service parts inventories (4,333) (1,180)
Accounts payable 1,601 1,478
Accrued restructuring charges 240 (2,576)
Accrued compensation 2,922 (2,111)
Deferred revenue (12,584) (15,582)
Other assets and liabilities (5,694) (3,939)
Net cash used in operating activities (19,299) (9,656)
Investing activities    
Purchases of property and equipment (1,434) (1,315)
Net cash used in investing activities (1,434) (1,315)
Financing activities    
Borrowings of long-term debt, net of debt issuance costs 19,400 0
Repayments of long-term debt 0 (825)
Borrowings of credit facility 140,987 172,119
Repayments of credit facility (144,058) (165,143)
Borrowings of payment protection program 10,000 0
Payment of taxes due upon vesting of restricted stock 0 (171)
Proceeds from issuance of common stock 539 0
Net cash provided by financing activities 26,868 5,980
Effect of exchange rate changes on cash, cash equivalents and restricted cash (96) 72
Net change in cash, cash equivalents and restricted cash 6,039 (4,919)
Cash, cash equivalents, and restricted cash at beginning of period 12,270 16,855
Supplemental disclosure of cash flow information    
Cash paid for interest 14,181 10,567
Cash received for income taxes, net of refunds (1,578) (51)
Non-cash transactions    
Transfer of inventory to property and equipment 207 169
Payment of litigation settlements with insurance proceeds 0 8,950
Cash, cash equivalents, and restricted cash at end of period 18,309 11,936
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the statement of cash flows:    
Total cash, cash equivalents and restricted cash at the end of period 18,309 11,936
Purchases of property and equipment included in accounts payable    
Non-cash transactions    
Purchases of property and equipment 294 249
Purchases of property and equipment included in accrued liabilities    
Non-cash transactions    
Purchases of property and equipment $ 1,255 $ 0