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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating activities        
Net income (loss) $ 5,867 $ (2,918) $ 5,350 $ (4,493)
Adjustments to reconcile income (loss) from operations to net cash provided by operating activities        
Depreciation 715 707 1,438 920
Amortization of intangibles 508 614 968 1,292
Amortization of developed technology   3,100   6,303
Deferred income taxes     (269) (239)
Share-based compensation 1,256 1,345 2,682 1,827
Changes in operating assets and liabilities     (3,527) (4,376)
Net cash provided by operating activities     6,642 1,234
Investing activities        
Capital expenditures     (471) (1,940)
Additional investments in corporate-owned life insurance policies     (2) (2)
Net cash used in investing activities     (473) (1,942)
Financing activities        
Repurchase of common shares to satisfy employee tax withholding     (959) (1,053)
Series A convertible preferred stock issuance proceeds, net of issuance costs     33,969  
Payment of preferred stock dividends     (199)  
Principal payments under long-term obligations     (12) (12)
Net cash provided by (used in) financing activities     32,799 (1,065)
Effect of exchange rate changes on cash     85 (83)
Net increase (decrease) in cash and cash equivalents     39,053 (1,856)
Cash and cash equivalents at beginning of period     46,653 40,771
Cash and cash equivalents at end of period $ 85,706 $ 38,915 $ 85,706 $ 38,915