XML 41 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
[1]
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Net loss $ (15,465) $ (24,782)
Depreciation 3,671 4,376
Amortization of purchased intangible assets 0 104
Stock-based compensation expense 12,026 9,446
Veloce acquisition consideration 0 7,140
(Gain) loss on short-term Investments and other, net (1,587) 22
Impairment of a strategic investment 0 2,500
Tax effect on other comprehensive loss 0 (84)
Changes in operating assets and liabilities:    
Accounts receivable (217) 7,297
Inventories 3,149 1,334
Other assets 2,109 600
Accounts payable (2,358) (12,094)
Accrued payroll and other accrued liabilities 170 (2,589)
Veloce accrued liability (90) (7,499)
Deferred revenue (23) (166)
Net cash provided by (used for) operating activities 1,385 (14,395)
Investing activities:    
Proceeds from sales and maturities of short-term investments 47,847 1,920
Purchases of short-term investments (63,702) (2,069)
Proceeds from sale of property and equipment 31 1
Purchases of property and equipment (807) (7,020)
Proceeds from sale of TPack 0 3,353
Net cash used for investing activities (16,631) (3,815)
Financing activities:    
Proceeds from issuance of common stock 1,245 1,863
Funding of restricted stock units withheld for taxes (1,419) (1,246)
Net cash (used for) provided by financing activities (174) 617
Net decrease in cash and cash equivalents (15,420) (17,593)
Cash and cash equivalents at beginning of year 36,495 [2] 71,539
Cash and cash equivalents at end of period 21,075 53,946
Supplementary cash flow disclosures:    
Cash paid for income taxes $ 328 $ 425
[1] The Statement of Cash Flows for the six months ended September 30, 2014 reflects an immaterial revision to correct outstanding payables related to purchases of property and equipment previously included in net cash used for investing activities to net cash used for operating activities. As a result, net cash used for operating activities increased by $0.3 million and net cash used for investing activities decreased by the corresponding amount.
[2] The Condensed Consolidated Balance Sheet as of March 31, 2015 has been derived from the audited Consolidated Financial Statements at that date but does not include all disclosures required by generally accepted accounting principles for complete financial statements.