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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Operating activities      
Net income (loss) $ 6,478 $ (21,001) $ (34,067)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Impairments 0 0 23,740
Loss (gain) on disposal of property & equipment 195 44 (5)
Depreciation of fixed assets 2,210 2,832 2,574
Amortization of internal-use software and intangibles 1,654 1,959 2,541
Amortization of developed technology 0 0 12,561
Deferred income taxes (925) (959) (356)
Share-based compensation 14,549 40,093 5,205
Changes in operating assets and liabilities:      
Accounts receivable 2,551 10,363 (8,974)
Contract assets 684 (228) 794
Inventories (5,764) 2,746 (1,830)
Prepaid expense and other current assets (484) (201) 1,545
Accounts payable 3,417 (7,016) 8,585
Contract liabilities 4,902 (3,971) 3,563
Accrued liabilities 146 1,187 (4,227)
Income taxes payable 50 340 (153)
Other changes, net (1,188) 2,219 (921)
Net cash provided by operating activities 28,475 28,407 10,575
Investing activities      
Capital expenditures (1,197) (1,389) (3,420)
Cash paid for business combinations, net of cash acquired (24,455) 0 0
Additional (investments in) corporate-owned life insurance policies (27) (2) (27)
Net cash used in investing activities (25,679) (1,391) (3,447)
Preferred stock issuance proceeds, net of issuance costs 0 33,969 0
Payment of preferred stock dividends (1,836) (1,117) 0
Repurchase of common shares to satisfy employee tax withholding (3,046) (7,512) (1,092)
Principal payments under long-term obligations (19) (24) (24)
Net cash (used in) provided by financing activities (4,901) 25,316 (1,116)
Effect of exchange rate changes on cash (104) 195 (130)
Net (decrease) increase in cash and cash equivalents (2,209) 52,527 5,882
Cash and cash equivalents at beginning of period 99,180 46,653 40,771
Cash and cash equivalents at end of period $ 96,971 $ 99,180 $ 46,653