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3. BALANCE SHEET DETAIL | 12 Months Ended
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Mar. 31, 2017
BALANCE SHEET DETAIL |
NOTE 3 - BALANCE SHEET DETAIL | NOTE 3—BALANCE SHEET DETAIL
|  | March 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Inventories: |  |  |  |  |  |  |
Work-in-progress |  | $ | 2,112 |  | $ | 1,697 |
Finished goods |  |  | 6,803 |  |  | 5,011 |
Inventory at distributors |  |  | 296 |  |  | 466 |
|  | $ | 9,211 |  | $ | 7,174 |
|  | March 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Accounts receivable, net: |  |  |  |  |  |  |
Accounts receivable |  | $ | 6,453 |  | $ | 7,578 |
Less: Allowances for sales returns, doubtful accounts and other |  |  | (104) |  |  | (100) |
|  | $ | 6,349 |  | $ | 7,478 |
|  | March 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Prepaid tooling and masks |  | $ | 836 |  | $ | 1,224 |
Prepaid income taxes |  |  | 43 |  |  | — |
Escrow deposit |  |  | 1,234 |  |  | — |
Other receivables |  |  | 216 |  |  | 230 |
Other prepaid expenses and other current assets |  |  | 448 |  |  | 744 |
|  | $ | 2,777 |  | $ | 2,198 |
|  | March 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Property and equipment, net: |  |  |  |  |  |  |
Computer and other equipment |  | $ | 18,585 |  | $ | 18,394 |
Software |  |  | 4,793 |  |  | 4,793 |
Land |  |  | 3,900 |  |  | 3,900 |
Building and building improvements |  |  | 2,256 |  |  | 2,256 |
Furniture and fixtures |  |  | 111 |  |  | 114 |
Leasehold improvements |  |  | 715 |  |  | 687 |
|  |  | 30,360 |  |  | 30,144 |
Less: Accumulated depreciation |  |  | (22,671) |  |  | (21,491) |
|  | $ | 7,689 |  | $ | 8,653 |
Depreciation expense was $1,183,000, $1,217,000 and $1,462,000 for the years ended March 31, 2017, 2016 and 2015, respectively.
|  | March 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Other assets: |  |  |  |  |  |  |
Escrow deposit |  | $ | 1,750 |  | $ | 2,984 |
Non-current deferred income taxes |  |  | 22 |  |  | — |
Prepaid income taxes |  |  | 552 |  |  | — |
Deposits |  |  | 132 |  |  | 102 |
|  | $ | 2,456 |  | $ | 3,086 |
The following table summarizes the components of intangible assets and related accumulated amortization balances at March 31, 2017 and 2016, respectively (in thousands):
|  | As of March 31, 2017 |
|  | Gross Carrying Amount |  | Accumulated amortization |  | Net Carrying Amount |
Intangible assets: |  |  |  |  |  |  |  |  |  |
Product designs |  | $ | 590 |  | $ | (590) |  | $ | — |
Patents |  |  | 4,220 |  |  | (918) |  |  | 3,302 |
Software |  |  | 80 |  |  | (80) |  |  | — |
Total |  | $ | 4,890 |  | $ | (1,588) |  | $ | 3,302 |
|  | As of March 31, 2016 |
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |
Intangible assets: |  |  |  |  |  |  |  |  |  |
Product designs |  | $ | 590 |  | $ | (555) |  | $ | 35 |
Patents |  |  | 4,220 |  |  | (604) |  |  | 3,616 |
Software |  |  | 80 |  |  | (80) |  |  | — |
Total |  | $ | 4,890 |  | $ | (1,239) |  | $ | 3,651 |
Amortization of intangible assets of $349,000, $242,000 and $171,000 was included in cost of revenues for the years ended March 31, 2017, 2016 and 2015, respectively. As of March 31, 2017, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands):
Twelve month period ending March 31, |  |  |  |
2018 |  | $ | 313 |
2019 |  |  | 267 |
2020 |  |  | 234 |
2021 |  |  | 233 |
2022 |  |  | 233 |
Thereafter |  |  | 2,022 |
Total |  | $ | 3,302 |
|  | March 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Accrued expenses and other liabilities: |  |  |  |  |  |  |
Accrued compensation |  | $ | 3,990 |  | $ | 3,082 |
Escrow indemnity accrual |  |  | 484 |  |  | — |
Accrued professional fees |  |  | 66 |  |  | 83 |
Accrued commissions |  |  | 238 |  |  | 284 |
Contingent consideration |  |  | 1,117 |  |  | — |
Accrued retention payment |  |  | 251 |  |  | — |
Miscellaneous accrued expenses |  |  | 905 |  |  | 949 |
|  | $ | 7,051 |  | $ | 4,398 |
|  | March 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Other accrued expenses: |  |  |  |  |  |  |
Contingent consideration |  | $ | 5,083 |  | $ | 5,856 |
Escrow indemnity accrual |  |  | — |  |  | 484 |
Other long-term accrued liabilities |  |  | 335 |  |  | 152 |
|  | $ | 5,418 |  | $ | 6,492 |

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