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SEGMENT REPORTING - Note 9

9 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

SEGMENT REPORTING - Note 9

9. SEGMENT REPORTING

ASC 280, Segment Reporting, establishes annual and interim reporting standards for an enterprise's business segments and related disclosures about its products, services, geographic areas and major customers. Under ASC 280, the method for determining what information to report is based upon the way management organizes the operating segments within the Company for making operating decisions and assessing financial performance. The Company manages its operations primarily on a geographic basis. The Chief Executive Officer, the Chief Financial Officer, and the Chief Technology Officer or the Company's Chief Operating Decision Makers (CODMs), evaluate performance of the Company and make decisions regarding allocation of resources based on geographic results. The Company's reportable segments are the Americas and Europe. The Americas segment is primarily North America. The Europe segment is primarily the United Kingdom. Each operating segment provides similar products and services.

Revenues are attributed to each segment based on the ordering location of the customer or ship to location.

The following tables set forth the segment and geographic information for each period (in thousands):

			Revenue for the
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2017			2016			2017			2016
Americas (principally US)		$	67,826		$	57,654		$	195,342		$	167,686
Europe (principally UK)			7,749			6,022			21,814			19,214
		$	75,575		$	63,676		$	217,156		$	186,900

Revenue is based upon the destination of shipments and the customers' service address. For the three and nine months ended December 31, 2017 and 2016, intersegment revenues of approximately $3.9 million and $1.8 million, and $10.6 million and $4.4 million, respectively, were eliminated in consolidation, and have been excluded from the table above.

			Depreciation and Amortization for the
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2017			2016			2017			2016
Americas (principally US)		$	2,591		$	1,647		$	7,460		$	4,923
Europe (principally UK)			1,366			871			3,854			2,738
		$	3,957		$	2,518		$	11,314		$	7,661

			Net Income (Loss) for the
			Three Months Ended						Nine Months Ended
			December 31,						December 31,
			2017			2016			2017			2016
Americas (principally US)		$	(76,854)		$	831		$	(75,468)		$	4,341
Europe (principally UK)			(11,666)			(2,156)			(15,767)			(6,167)
		$	(88,520)		$	(1,325)		$	(91,235)		$	(1,826)

			December 31, 2017						March 31, 2017
			Total			Property and			Total			Property and
			Assets			Equipment, net			Assets			Equipment, net
Americas (principally US)		$	235,054		$	24,880		$	284,011		$	19,480
Europe (principally UK)			39,871			7,671			49,844			4,581
		$	274,925		$	32,551		$	333,855		$	24,061

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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