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Quarterly Results (Unaudited)
 12 Months Ended
Mar. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)

Because quarterly reporting of per share data is used independently for each reporting period, the sum of per share amounts for the four quarters in the fiscal year will not necessarily equal annual per share amounts. GAAP prohibits retroactive adjustment of quarterly per share amounts so that the sum of those amounts equals amounts for the full year.

We have traditionally experienced seasonal revenue weakness during our fiscal first quarter ending June 30. Additionally, the timing of large one-time orders, such as those associated with significant remarketed product sales around large customer refresh cycles or significant volume rollouts, occasionally creates volatility in our quarterly results.
 
Year ended March 31, 2014
 
First
Second
Third
Fourth
Year
(In thousand except per share data)
quarter
quarter
quarter
Quarter
Net revenue
$
23,700

$
24,846

$
24,965

$
27,750

$
101,261

Gross profit
15,637

16,588

15,155

16,660

64,040

Asset impairments and related charges
—

18

309

—

327

Restructuring, severance and other charges
55

562

206

569

1,392

 
 
 
 
 
 
Income (loss) from continuing operations
$
789

$
(1,310
)
$
(1,711
)
$
(663
)
$
(2,895
)
Income (loss) from discontinued operations, net of taxes
527

21,763

(952
)
(1,346
)
19,992

Net income (loss)
$
1,316

$
20,453

$
(2,663
)
$
(2,009
)
$
17,097

 
 
 
 
 
 
Per share data-basic:
 
 
 
 
 
Loss from continuing operations
$
0.04

$
(0.06
)
$
(0.08
)
$
(0.03
)
$
(0.13
)
Income (loss) from discontinued operations
0.02

0.98

(0.04
)
(0.06
)
0.90

Net income (loss)
$
0.06

$
0.92

$
(0.12
)
$
(0.09
)
$
0.77

 
 
 
 
 
 
Per share data-diluted:
 
 
 
 
 
Income (loss) from continuing operations
$
0.04

$
(0.06
)
$
(0.08
)
$
(0.03
)
$
(0.13
)
Income (loss) from discontinued operations
0.02

0.98

(0.04
)
(0.06
)
0.90

Net income (loss)
$
0.06

$
0.92

$
(0.12
)
$
(0.09
)
$
0.77


 
Year ended March 31, 2013
 
First
Second
Third
Fourth
Year
(In thousands except per share data)
quarter
quarter
quarter
Quarter
Net revenue
$
21,621

$
23,277

$
27,042

$
22,068

$
94,008

Gross profit
13,566

14,273

14,930

14,850

57,619

Asset impairments and related charges
208

—

—

(88
)
120

Legal settlements
—

—

—

1,664

1,664

Restructuring, severance and other charges
1,125

430

(31
)
(29
)
1,495

 
 
 
 
 
 
Loss from continuing operations
$
(2,450
)
$
(1,189
)
$
(945
)
$
(1,630
)
$
(6,214
)
Income (loss) from discontinued operations, net of taxes
658

838

1,461

1,959

4,916

Net (loss) income
$
(1,792
)
$
(351
)
$
516

$
329

$
(1,298
)
 
 
 
 
 
 
Per share data-basic and diluted:
 
 
 
 
 
Loss from continuing operations
$
(0.11
)
$
(0.05
)
$
(0.04
)
$
(0.07
)
$
(0.28
)
Income (loss) from discontinued operations
0.03

0.03

0.06

0.08

0.22

Net (loss) income
$
(0.08
)
$
(0.02
)
$
0.02

$
0.01

$
(0.06
)