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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 43,408 $ 49,255
Accounts receivable, net of allowance for doubtful accounts of $759 and $509, respectively 18,730 15,598
Inventories 1,915 2,211
Prepaid expenses and other current assets 5,240 6,456
Total current assets 69,293 73,520
Property and equipment, net 16,862 16,000
Goodwill 19,622 19,622
Intangible assets, net 8,519 8,530
Software development costs, net 47,442 46,999
Other non-current assets 2,507 2,634
Total assets 164,245 167,305
Current liabilities:    
Accounts payable 8,993 8,702
Deferred revenue 26,944 29,183
Accrued liabilities 8,978 8,331
Capital lease obligations, current 116 121
Total current liabilities 45,031 46,337
Deferred income taxes, non-current 3,287 3,181
Capital lease obligations, non-current 90 116
Other non-current liabilities 3,922 4,002
Commitments and contingencies (see Note 6)
Shareholders' equity:    
Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 31,606,831 shares issued; and 23,366,461 and 23,210,682 shares outstanding at June 30, 2017 and March 31, 2017, respectively 9,482 9,482
Treasury shares, 8,240,370 and 8,396,149 at June 30, 2017 and March 31, 2017, respectively (2,472) (2,519)
Capital in excess of stated value (3,928) (5,782)
Retained earnings 108,993 112,692
Accumulated other comprehensive loss (160) (204)
Total shareholders' equity 111,915 113,669
Total liabilities and shareholders' equity $ 164,245 $ 167,305