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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 37,615 $ 49,255
Accounts receivable, net of allowance for doubtful accounts of $751 and $509, respectively 14,746 15,598
Inventories 2,131 2,211
Prepaid expenses and other current assets 6,849 6,456
Total current assets 61,341 73,520
Property and equipment, net 17,760 16,000
Goodwill 19,622 19,622
Intangible assets, net 8,496 8,530
Software development costs, net 46,086 46,999
Other non-current assets 2,613 2,634
Total assets 155,918 167,305
Current liabilities:    
Accounts payable 8,175 8,702
Deferred revenue 23,433 29,183
Accrued liabilities 9,843 8,331
Capital lease obligations, current 113 121
Total current liabilities 41,564 46,337
Deferred income taxes, non-current 2,105 3,181
Capital lease obligations, non-current 50 116
Other non-current liabilities 3,985 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 23,402,512 and 23,210,682 shares outstanding at December 31, 2017 and March 31, 2017, respectively 9,482 9,482
Treasury shares, 8,204,319 and 8,396,149 at December 31, 2017 and March 31, 2017, respectively (2,463) (2,519)
Capital in excess of stated value (2,418) (5,782)
Retained earnings 103,812 112,692
Accumulated other comprehensive loss (199) (204)
Total shareholders' equity 108,214 113,669
Total liabilities and shareholders' equity $ 155,918 $ 167,305