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Revenue Recognition (Tables)
9 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The impact of adoption of Topic 606 on our condensed consolidated balance sheet as of December 31, 2018 and on our condensed consolidated statement of operations for the three and nine months ended December 31, 2018 was as follows:

 
December 31, 2018
 
As reported
Balance without adoption of Topic 606
Effect of Change Higher (Lower)
(In thousands)
Assets:
 
 
 
Accounts receivable, net
33,640

23,801

9,839

Contract assets
4,221


4,221

Prepaid expenses and other current assets
4,334

4,751

(417
)
Other non-current assets
5,515

2,860

2,655

 
 
 
 
Liabilities:
 
 
 
  Contract liabilities
39,935

26,391

13,544

 
 
 
 
Shareholders' equity:
 
 
 
Retained earnings
96,640

93,886

2,754


 
Three months ended December 31, 2018
 
As reported
Balance without adoption of Topic 606
Effect of Change Higher (Lower)
(In thousands)
Net revenue:
 
 
 
Products
10,232

9,889

343

Support, maintenance and subscription services
19,345

19,558

(213
)
Professional services
6,437

6,699

(262
)
         Total net revenue:
36,014

36,146

(132
)
 
 
 
 
Operating expenses:
 
 
 
Sales and marketing
5,217

5,351

(134
)
 
 
 
 
Net Loss
(4,048
)
(4,050
)
(2
)
As a result of applying the modified retrospective method to adopt the new standard, the following adjustments were made to noted accounts on the condensed consolidated balance sheet as of April 1, 2018:

(In thousands)
March 31, 2018
Adjustment from Topic 606
April 1, 2018
Assets:
 
 
 
Accounts receivable, net
16,389

3,124

19,513

Contract assets

4,583

4,583

Prepaid expenses and other current assets
5,593

(496
)
5,097

Other non-current assets
2,484

2,409

4,893

 
 
 
 
Liabilities:
 
 
 
  Contract liabilities
26,820

7,006

33,826

 
 
 
 
Shareholders' equity:
 
 
 
Retained earnings
103,601

2,614

106,215

 
Nine months ended December 31, 2018
 
As reported
Balance without adoption of Topic 606
Effect of Change Higher (Lower)
(In thousands)
Net revenue:
 
 
 
Products
28,081

26,982

1,099

Support, maintenance and subscription services
56,130

56,752

(622
)
Professional services
20,013

20,593

(580
)
         Total net revenue:
104,224

104,327

(103
)
 
 
 
 
Operating expenses:
 
 
 
Sales and marketing
14,363

14,606

(243
)
 
 
 
 
Net Loss
(9,575
)
(9,715
)
(140
)