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Quarterly Results (Unaudited)
 12 Months Ended
Mar. 31, 2016
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.

Certain adjustments were recorded during the fourth quarter which had an immaterial impact on previous quarters in fiscal 2016. In accordance with accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 99, Materiality), we assessed the materiality of the entries and concluded that they were not material to any of our previously issued quarterly financial statements.

 
Year ended March 31, 2016
 
First
Second
Third
Fourth
Year
(In thousands except per share data)
quarter
quarter
quarter
Quarter
Net revenue
$
27,491

$
29,644

$
31,307

$
31,924

$
120,366

Gross profit
16,399

17,591

16,508

17,607

68,106

Asset write-offs and other fair value adjustments
—

(175
)
—

355

180

Restructuring, severance and other charges
(46
)
(15
)
8

336

283

Legal settlements
—

—

185

83

268

Net loss
$
(185
)
$
(370
)
$
(1,673
)
$
(1,538
)
$
(3,765
)
 
 
 
 
 
 
Per share data-basic and diluted
 
 
 
 
 
Net loss
$
(0.01
)
$
(0.02
)
$
(0.07
)
$
(0.07
)
$
(0.17
)

 
Year ended March 31, 2015
 
First
Second
Third
Fourth
Year
(In thousands except per share data)
quarter
quarter
quarter
Quarter
Net revenue
$
23,746

$
26,318

$
24,742

$
28,708

$
103,514

Gross profit
14,674

16,669

14,129

14,610

60,081

Asset write-offs and other fair value adjustments
—

—

—

1,836

1,836

Restructuring, severance and other charges
370

448

95

569

1,482

Legal settlements
149

54

—

—

203

Net loss
$
(2,229
)
$
(1,127
)
$
(2,715
)
$
(5,426
)
$
(11,497
)
 
 
 
 
 
 
Per share data-basic and diluted
 
 
 
 
 
Net loss
$
(0.10
)
$
(0.05
)
$
(0.12
)
$
(0.24
)
$
(0.51
)