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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Operating activities        
Net income (loss) $ (2,070) $ (2,582) $ 3,280 $ (7,075)
Adjustments to reconcile income (loss) from operations to net cash provided by operating activities        
Depreciation 722 854 2,160 1,774
Amortization of intangibles 521 608 1,490 1,900
Amortization of developed technology   3,100   9,432
Deferred income taxes     (499) (313)
Share-based compensation 6,630 1,329 9,312 3,156
Changes in operating assets and liabilities     (659) (3,601)
Net cash provided by operating activities     15,084 5,273
Investing activities        
Capital expenditures     (1,076) (3,009)
Additional investments in corporate-owned life insurance policies     (2) (26)
Net cash used in investing activities     (1,078) (3,035)
Financing activities        
Repurchase of common shares to satisfy employee tax withholding     (1,069) (1,053)
Series A convertible preferred stock issuance proceeds, net of issuance costs     33,969  
Payment of preferred stock dividends     (1,117)  
Principal payments under long-term obligations     (18) (18)
Net cash provided by (used in) financing activities     31,765 (1,071)
Effect of exchange rate changes on cash     184 (33)
Net increase in cash and cash equivalents     45,955 1,134
Cash and cash equivalents at beginning of period     46,653 40,771
Cash and cash equivalents at end of period $ 92,608 $ 41,905 $ 92,608 $ 41,905