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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 49,255 $ 60,608
Accounts receivable, net of allowance for doubtful accounts of $509 and $617, respectively 15,598 22,017
Inventories 2,211 2,692
Prepaid expenses and other current assets 6,456 10,184
Total current assets 73,520 95,501
Property and equipment, net 16,000 15,252
Goodwill 19,622 19,622
Intangible assets, net 8,530 8,576
Software development costs, net 46,999 43,160
Other non-current assets 2,634 3,046
Total assets 167,305 185,157
Current liabilities:    
Accounts payable 8,702 7,761
Deferred revenue 29,183 33,241
Accrued liabilities 8,331 12,980
Capital lease obligations, current 121 118
Total current liabilities 46,337 54,100
Deferred income taxes, non-current 3,181 3,075
Capital lease obligations, non-current 116 215
Other non-current liabilities 4,002 4,294
Commitments and contingencies (see Note 12)
Shareholders' equity:    
Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 31,606,831 shares issued; 23,210,682 and 22,942,586 shares outstanding at March 31, 2017 and March 31, 2016, respectively 9,482 9,482
Treasury shares, 8,396,149 and 8,664,245 at March 31, 2017 and March 31, 2016, respectively (2,519) (2,600)
Capital in excess of stated value (5,782) (7,645)
Retained earnings 112,692 124,413
Accumulated other comprehensive loss (204) (177)
Total shareholders' equity 113,669 123,473
Total liabilities and shareholders' equity $ 167,305 $ 185,157