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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Operating activities      
Net loss $ (21,001) $ (34,067) $ (13,164)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Impairments   23,740  
Loss (gain) on disposal of property & equipment 44 (5) 17
Depreciation 2,832 2,574 2,504
Amortization of intangibles 1,959 2,541 2,567
Amortization of developed technology   12,561 12,602
Deferred income taxes (959) (356) 309
Share-based compensation 40,093 5,205 4,376
Changes in operating assets and liabilities:      
Accounts receivable 10,363 (8,974) (7,536)
Contract assets (228) 794 1,662
Inventories 2,746 (1,830) (50)
Prepaid expense and other current assets (201) 1,545 (1,158)
Accounts payable (7,016) 8,585 (3,512)
Contract liabilities (3,971) 3,563 4,845
Accrued liabilities 1,187 (4,227) 5,029
Income taxes payable 340 (153) (564)
Other changes, net 2,219 (921) (686)
Net cash provided by operating activities 28,407 10,575 7,241
Investing activities      
Capital expenditures (1,389) (3,420) (3,318)
Capitalized software development costs     (2,189)
Additional (investments in) corporate-owned life insurance policies (2) (27) (27)
Net cash used in investing activities (1,391) (3,447) (5,534)
Preferred stock issuance proceeds, net of issuance costs 33,969    
Payment of preferred stock dividends (1,117)    
Repurchase of common shares to satisfy employee tax withholding (7,512) (1,092) (647)
Principal payments under long-term obligations (24) (24) (120)
Net cash provided by (used in) financing activities 25,316 (1,116) (767)
Effect of exchange rate changes on cash 195 (130) (112)
Net increase in cash and cash equivalents 52,527 5,882 828
Cash and cash equivalents at beginning of period 46,653 40,771 39,943
Cash and cash equivalents at end of period $ 99,180 $ 46,653 $ 40,771