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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 38,915 $ 40,771
Accounts receivable, net of allowance for doubtful accounts of $632 and $788, respectively 23,117 27,000
Contract assets 3,906 2,921
Inventories 954 2,044
Prepaid expenses and other current assets 5,501 6,272
Total current assets 72,393 79,008
Property and equipment, net 15,290 15,838
Operating lease right-of-use assets 12,717  
Goodwill 19,622 19,622
Intangible assets, net 8,415 8,438
Software development costs, net 28,264 34,567
Deferred income taxes, non-current 678 443
Other non-current assets 6,416 5,675
Total assets 163,795 163,591
Current liabilities:    
Accounts payable 8,836 4,718
Contract liabilities 29,541 38,669
Accrued liabilities 9,984 14,892
Operating lease liabilities, current 4,201  
Finance lease obligations, current 23 22
Total current liabilities 52,585 58,301
Deferred income taxes, non-current 870 861
Operating lease liabilities, non-current 10,609  
Finance lease obligations, non-current 28 35
Other non-current liabilities 1,338 3,772
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 23,658,529 and 23,501,193 shares outstanding at September 30, 2019 and March 31, 2019, respectively 9,482 9,482
Treasury shares, 7,948,302 and 8,105,638 at September 30, 2019 and March 31, 2019, respectively (2,386) (2,433)
Capital in excess of stated value 2,909 781
Retained earnings 88,558 93,051
Accumulated other comprehensive loss (198) (259)
Total shareholders' equity 98,365 100,622
Total liabilities and shareholders' equity $ 163,795 $ 163,591