Immaterial Restatement of Previously Issued Financial Statements and Reclassification (Tables)

3 Months Ended

Sep. 30, 2015

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The impact of this misstatement on our previously issued condensed consolidated balance sheet as of June 30, 2015 is presented below:

	Consolidated Balance Sheet as of June 30, 2015
	As
	Previously				As
	Reported		Adjustments		Restated
ASSETS
Current assets:
Cash and cash equivalents	$	25,451			$	25,451
Accounts receivable, net		10,174				10,174
Inventories		3,428				3,428
Deferred income taxes - current, net		1,422				1,422
Prepaid expenses and other current assets		738				738
Total current assets		41,213		-		41,213
Property and equipment, net		2,448				2,448
Deferred income taxes, net		12,711		(93)		12,618
Other long-term assets, net		1,501				1,501
Total assets	$	57,873	$	(93)	$	57,780
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	6,342	$	(22)	$	6,320
Deferred revenue		8,362				8,362
Total current liabilities		14,704		(22)		14,682
Long-term liabilities:
Deferred revenue		1,658				1,658
Pension liability		3,189				3,189
Other long-term liabilities		1,716		(22)		1,694
Total liabilities		21,267		(44)		21,223
Commitments and contingencies
Stockholders' equity:
Shares of series preferred stock, par value $.01		-				-
Shares of class A preferred stock, par value $100		-				-
Common stock, par value $.01		91				91
Capital in excess of par value		210,456		(249)		210,207
Accumulated deficit		(173,795)		200		(173,595)
Treasury stock, at cost		(255)				(255)
Accumulated other comprehensive income (loss)		109				109
Total stockholders' equity		36,606		(49)		36,557
Total liabilities and stockholders' equity	$	57,873	$	(93)	$	57,780

The impact of this misstatement on our previously issued condensed consolidated statements of cash flows for the three months ended September 30, 2014 is presented below:

	Consolidated Statements of Cash Flows
	for the Three months Ended Ended September 30, 2014
	As
	Previously				As
	Reported		Adjustments		Restated
Depreciation and amortization	$	501	$	(81)	$	420
Provision for excess and obsolete inventories		10		81		91
Other long-term assets, net		(4)		(106)		(110)
All other operating activities, net		(991)		-		(991)
Net cash provided by (used in) operating activities	$	(484)	$	(106)	$	(590)
Additions to property and equipment	$	(388)	$	106	$	(282)
All other investing activities, net		301		-		301
Net cash Provided by (used in) investing activities	$	(87)	$	106	$	19