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3. BALANCE SHEET DETAIL | 9 Months Ended
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Dec. 31, 2015
Balance Sheet Detail |
NOTE 3 - BALANCE SHEET DETAIL | NOTE 3—BALANCE SHEET DETAIL
|  | December 31, 2015 |  | March 31, 2015
|  | (In thousands)
Inventories: |  |  |  |  |  |
Work-in-progress |  | $ | 1,669 |  | $ | 2,422
Finished goods |  |  | 5,379 |  |  | 5,362
Inventory at distributors |  |  | 395 |  |  | 628
|  | $ | 7,443 |  | $ | 8,412
|  | December 31, 2015 |  | March 31, 2015
|  | (In thousands)
Accounts receivable, net: |  |  |  |  |  |
Accounts receivable |  | $ | 8,754 |  | $ | 8,360
Less: Allowances for sales returns, doubtful accounts and other |  |  | (100) |  |  | (103)
|  | $ | 8,654 |  | $ | 8,257
|  | December 31, 2015 |  | March 31, 2015
|  | (In thousands)
Prepaid expenses and other current assets: |  |  |  |  |  |
Prepaid tooling and masks |  | $ | 1,767 |  | $ | 1,208
Prepaid income taxes |  |  | — |  |  | 139
Other receivables |  |  | 306 |  |  | 350
Other prepaid expenses and other current assets |  |  | 641 |  |  | 600
|  | $ | 2,714 |  | $ | 2,297
|  | December 31, 2015 |  | March 31, 2015
|  | (In thousands)
Property and equipment, net: |  |  |  |  |  |
Computer and other equipment |  | $ | 18,351 |  | $ | 17,264
Software |  |  | 4,793 |  |  | 4,792
Land |  |  | 3,900 |  |  | 3,900
Building and building improvements |  |  | 2,256 |  |  | 2,256
Furniture and fixtures |  |  | 114 |  |  | 110
Leasehold improvements |  |  | 820 |  |  | 791
|  |  | 30,234 |  |  | 29,113
Less: Accumulated depreciation and amortization |  |  | (21,313) |  |  | (20,405)
|  | $ | 8,921 |  | $ | 8,708
Depreciation and amortization expense was $322,000 and $322,000, respectively, for the three months ended December 31, 2015 and 2014 and $892,000 and $1,164,000, respectively, for the nine months ended December 31, 2015 and 2014.
|  | December 31, 2015 |  | March 31, 2015
|  | (In thousands)
Other assets: |  |  |  |  |  |
Non-current deferred income taxes |  | $ | 31 |  | $ | 27
Intangibles, net |  |  | 3,748 |  |  | 393
Deposits |  |  | 3,059 |  |  | 78
|  | $ | 6,838 |  | $ | 498
Deposits at December 31, 2015 include approximately $3.0 million placed in escrow in connection with the Company’s acquisition of MikaMonu on November 23, 2015. See Note 9— Acquisition for more information. The following table summarizes the components of intangible assets and related accumulated amortization balances at December 31, 2015 (in thousands):
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Intangible assets: |  |  |  |  |  |  |  |  |
Product designs |  | $ | 590 |  | $ | 534 |  | $ | 56
Patents |  |  | 4,220 |  |  | 528 |  |  | 3,692
Software |  |  | 80 |  |  | 80 |  |  | —
Total |  | $ | 4,890 |  | $ | 1,142 |  | $ | 3,748
Amortization of intangible assets included in cost of revenues was $63,000 and $41,000, respectively, for the three months ended December 31, 2015 and 2014 and $145,000 and $130,000, respectively, for the nine months ended December 31, 2015 and 2014. As of December 31, 2015, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands):
Twelve Month Period Ending December 31, |  |  |  |
2016 |  | $ | 370 |
2017 |  |  | 313 |
2018 |  |  | 287 |
2019 |  |  | 233 |
2020 |  |  | 233 |
Thereafter |  |  | 2,312 |
Total |  | $ | 3,748 |
|  | December 31, 2015 |  | March 31, 2015
|  | (In thousands)
Accrued expenses and other liabilities: |  |  |  |  |  |
Accrued compensation |  | $ | 2,683 |  | $ | 3,386
Accrued professional fees |  |  | 480 |  |  | 1,380
Accrued commissions |  |  | 267 |  |  | 268
Other accrued expenses |  |  | 939 |  |  | 903
|  | $ | 4,369 |  | $ | 5,937
|  | December 31, 2015 |  | March 31, 2015 |
|  | (In thousands) |
Other accrued expenses: |  |  |  |  |  |  |
Contingent consideration |  | $ | 5,800 |  | $ | — |
Escrow indemnity accrual |  |  | 484 |  |  | — |
Other long-term accrued liabilities |  |  | 45 |  |  | — |
|  | $ | 6,329 |  | $ | — |

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