• Filing Date: 2020-06-24
  • Form Type: 10-K
  • Description: Annual report
v3.20.1
BALANCE SHEET INFORMATION
12 Months Ended
Mar. 31, 2020
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET INFORMATION
Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands):
Manufacturing inventories
March 31,
 
2020
 
2019
Finished goods


 


   Manufactured finished goods
$
15,790

 
$
8,160

   Distributor inventory
504

 
3,345

   Total finished goods
16,294

 
11,505

   Work in progress
1,001

 
107

   Raw materials
11,901

 
6,828

      Total manufacturing inventories
$
29,196

 
$
18,440



Service inventories
March 31,
 
2020
 
2019
Finished goods
$
15,845

 
$
13,437

Component parts
4,657

 
5,633

   Total service inventories
$
20,502

 
$
19,070



Other current assets
March 31,
 
2020
 
2019
Insurance receivable
$

 
$
8,950

Other
8,489

 
9,145

   Total other current assets
$
8,489

 
$
18,095


Property and equipment, net
March 31,
 
2020
 
2019
Machinery and equipment
$
33,804

 
$
30,306

Leasehold improvements
6,733

 
6,990

Furniture and fixtures
1,862

 
2,073

 
42,399

 
39,369

Less: accumulated depreciation
(33,353
)
 
(30,932
)
   Total property, plant and equipment, net
$
9,046

 
$
8,437


Other accrued liabilities
March 31,
 
2020
 
2019
Accrued expenses
$
3,237

 
$
8,925

Asset retirement obligation
1,655

 
1,936

Accrued settlement
101

 
10,452

Accrued warranty
2,668

 
3,456

Accrued interest
3,192

 
230

Other
6,682

 
4,026

   Total other accrued liabilities
$
17,535

 
$
29,025


Depreciation and amortization expense for property and equipment amounted to $4.3 million, $4.2 million, and $4.8 million for the years ended March 31, 2020, 2019, and 2018, respectively.

The following table details the change in the accrued warranty balance (in thousands):
 
Year Ended March 31,
 
2020
 
2019
 
2018
Balance as of April 1
$
3,456

 
$
2,422

 
3,689

   Current period accruals
3,516

 
5,766

 
5,140

   Adjustments to prior estimates
(114
)
 
326

 
(116
)
   Charges incurred
(4,190
)
 
(5,058
)
 
(6,291
)
Balance as of March 31
$
2,668

 
$
3,456

 
$
2,422