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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
[1]
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Net loss $ (23,664) $ (36,913)
Depreciation 5,699 6,598
Amortization of purchased intangible assets 0 105
Amortization of bond premium 429 0
Stock-based compensation expense 18,167 14,303
Veloce acquisition consideration 0 7,140
Gain on short-term Investments and other, net (1,588) (101)
Non cash restructuring charges 0 14
Impairment of a strategic investment 0 2,500
Tax effect on other comprehensive loss 0 (34)
Changes in operating assets and liabilities:    
Accounts receivable (45) 5,931
Inventories 3,849 (5,271)
Other assets 2,863 (736)
Accounts payable (1,366) (3,719)
Accrued payroll and other accrued liabilities 338 (927)
Veloce accrued liability (99) (8,981)
Deferred revenue (62) (188)
Net cash provided by (used for) operating activities 4,521 (20,279)
Investing activities:    
Proceeds from sales and maturities of short-term investments 58,227 5,198
Purchases of short-term investments (78,021) (2,722)
Proceeds from sale of property and equipment 31 1
Purchases of property and equipment (2,039) (7,291)
Proceeds from sale of TPack 0 3,353
Net cash used for investing activities (21,802) (1,461)
Financing activities:    
Proceeds from issuance of common stock 1,243 1,890
Funding of restricted stock units withheld for taxes (1,687) (1,609)
Net cash provided by (used for) financing activities (444) 281
Net decrease in cash and cash equivalents (17,725) (21,459)
Cash and cash equivalents at beginning of year 36,495 [2] 71,539
Cash and cash equivalents at end of period 18,770 50,080
Supplementary cash flow disclosures:    
Cash paid for income taxes 519 643
Common stock issued for Veloce merger consideration $ 2,869 $ 872
[1] The Statement of Cash Flows for the nine months ended December 31, 2014 reflects immaterial revisions to correct $0.3 million of 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 and $0.1 million of net realized gains on short-term investments previously classified as net cash used for operating activities to net cash provided by investing activities. As a result, net cash used for operating activities increased by $0.4 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.