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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 39,943 $ 49,255
Accounts receivable, net of allowance for doubtful accounts of $900 and $509, respectively 16,389 15,598
Inventories 1,999 2,211
Prepaid expenses and other current assets 5,593 6,456
Total current assets 63,924 73,520
Property and equipment, net 17,512 16,000
Goodwill 19,622 19,622
Intangible assets, net 8,484 8,530
Software development costs, net 45,181 46,999
Other non-current assets 2,484 2,634
Total assets 157,207 167,305
Current liabilities:    
Accounts payable 8,400 8,702
Deferred revenue 26,820 29,183
Accrued liabilities 9,241 8,331
Capital lease obligations, current 120 121
Total current liabilities 44,581 46,337
Deferred income taxes, non-current 227 3,181
Capital lease obligations, non-current 57 116
Other non-current liabilities 3,911 4,002
Commitments and contingencies (see Note 11)
Shareholders' equity:    
Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 31,606,831 shares issued; and 23,324,679 and 23,210,682 shares outstanding at March 31, 2018 and March 31, 2017, respectively 9,482 9,482
Treasury shares, 8,282,152 and 8,396,149 at March 31, 2018 and March 31, 2017, respectively (2,486) (2,519)
Capital in excess of stated value (1,911) (5,782)
Retained earnings 103,601 112,692
Accumulated other comprehensive loss (255) (204)
Total shareholders' equity 108,431 113,669
Total liabilities and shareholders' equity $ 157,207 $ 167,305