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Inventory
12 Months Ended
Mar. 31, 2016
Inventory Disclosure [Abstract]  
Inventory

5. Inventory

Inventory at March 31, 2016 and March 31, 2015 consisted of the following (in thousands):

 

March 31,

 

 

March 31,

 

 

2016

 

 

2015

 

Raw materials

$

9,665

 

 

$

9,411

 

Work-in-process

 

3,411

 

 

 

2,117

 

Finished goods

 

3,215

 

 

 

7,487

 

Deferred program costs

 

2,221

 

 

 

1,581

 

   Net inventory

$

18,512

 

 

$

20,596

 

 

The Company recorded inventory write-downs of $2.7 million and $1.4 million for the fiscal years ended March 31, 2016 and 2015, respectively.  These write downs were based on evaluating its inventory on hand for excess quantities and obsolescence.

Deferred program costs as of March 31, 2016 and March 31, 2015 primarily represent costs incurred on programs accounted for under contract accounting where the Company needs to complete development milestones before revenue and costs will be recognized.