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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 41,905 $ 40,771
Accounts receivable, net of allowance for doubtful accounts of $593 and $788, respectively 29,794 27,000
Contract assets 3,962 2,921
Inventories 1,856 2,044
Prepaid expenses and other current assets 6,796 6,272
Total current assets 84,313 79,008
Property and equipment, net 14,849 15,838
Operating lease right-of-use assets 12,044  
Goodwill 19,622 19,622
Intangible assets, net 8,404 8,438
Software development costs, net 25,135 34,567
Deferred income taxes, non-current 753 443
Other non-current assets 6,708 5,675
Total assets 171,828 163,591
Current liabilities:    
Accounts payable 10,454 4,718
Contract liabilities 35,374 38,669
Accrued liabilities 12,482 14,718
Operating lease liabilities, current 4,235  
Finance lease obligations, current 24 22
Total current liabilities 62,569 58,127
Deferred income taxes, non-current 875 861
Operating lease liabilities, non-current 9,800  
Finance lease obligations, non-current 31 35
Other non-current liabilities 1,617 3,946
Commitments and contingencies (see Note 8)
Shareholders' equity:    
Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 31,606,831 shares issued; and 23,656,891 and 23,501,450 shares outstanding at December 31, 2019 and March 31, 2019, respectively 9,482 9,482
Treasury shares, 7,949,940 and 8,105,381 at December 31, 2019 and March 31, 2019, respectively (2,387) (2,433)
Capital in excess of stated value 4,094 781
Retained earnings 85,976 93,051
Accumulated other comprehensive loss (229) (259)
Total shareholders' equity 96,936 100,622
Total liabilities and shareholders' equity $ 171,828 $ 163,591