Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands) | Jun 30, 2018 | Mar 31, 2018 | |||||
Assets | |||||||
Current assets: | |||||||
Cash and cash equivalents | $ | 74,854 | $ | 76,792 | |||
Short-term investments | 55,026 | 47,121 | |||||
Trade receivables, net | 80,525 | 63,044 | |||||
Inventories | 94,265 | 87,686 | |||||
Shipped systems pending acceptance | 1,937 | 4,734 | |||||
Other current assets (1) | 5,041 | 5,493 | |||||
Total current assets | 311,648 | 284,870 | |||||
Non-current assets: | |||||||
Property, plant and equipment, net | 22,870 | 22,025 | |||||
Non-current deferred income taxes, net | 43,637 | 43,518 | |||||
Goodwill | 2,626 | 2,626 | |||||
Acquired intangible assets, net | 4,812 | 5,169 | |||||
Other assets(1) | 11,110 | 14,780 | |||||
Total assets | $ | 396,703 | $ | 372,988 | |||
Liabilities and shareholders' equity | |||||||
Current liabilities: | |||||||
Accounts payable | $ | 32,616 | $ | 37,354 | |||
Accrued liabilities | 32,193 | 34,533 | |||||
Deferred revenue | 9,026 | 9,818 | |||||
Total current liabilities | 73,835 | 81,705 | |||||
Non-current liabilities | |||||||
Long-term debt | 12,659 | 12,766 | |||||
Income taxes payable | 2,345 | 1,901 | |||||
Other liabilities | 10,614 | 10,258 | |||||
Total liabilities | 99,453 | 106,630 | |||||
Shareholders' equity: | |||||||
Preferred and common stock | 211,766 | 210,995 | |||||
Retained earnings | 86,000 | 54,816 | |||||
Accumulated other comprehensive (loss) income | (516 | ) | 547 | ||||
Total shareholders' equity | 297,250 | 266,358 | |||||
Total liabilities and shareholders' equity | $ | 396,703 | $ | 372,988 | |||
End of period shares outstanding | 34,525 | 34,387 |