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3. BALANCE SHEET DETAIL | 3 Months Ended
--- | ---
Jun. 30, 2017
BALANCE SHEET DETAIL |
NOTE 3 - BALANCE SHEET DETAIL | NOTE 3—BALANCE SHEET DETAIL
|  | June 30, 2017 |  | March 31, 2017 |
|  | (In thousands) |
Inventories: |  |  |
Work-in-progress |  | $ | 2,070 |  | $ | 2,112 |
Finished goods |  |  | 6,344 |  |  | 6,803 |
Inventory at distributors |  |  | 337 |  |  | 296 |
|  | $ | 8,751 |  | $ | 9,211 |
|  | June 30, 2017 |  | March 31, 2017 |
|  | (In thousands) |
Accounts receivable, net: |  |  |  |  |  |  |
Accounts receivable |  | $ | 6,265 |  | $ | 6,453 |
Less: Allowances for sales returns, doubtful accounts and other |  |  | (103) |  |  | (104) |
|  | $ | 6,162 |  | $ | 6,349 |
|  | June 30, 2017 |  | March 31, 2017 |
|  | (In thousands) |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Prepaid tooling and masks |  | $ | 861 |  | $ | 836 |
Prepaid income taxes |  |  | — |  |  | 43 |
Escrow deposit |  |  | 755 |  |  | 1,234 |
Other receivables |  |  | 234 |  |  | 216 |
Other prepaid expenses and other current assets |  |  | 801 |  |  | 448 |
|  | $ | 2,651 |  | $ | 2,777 |
|  | June 30, 2017 |  | March 31, 2017 |
|  | (In thousands) |
Property and equipment, net: |  |  |  |  |  |  |
Computer and other equipment |  | $ | 18,620 |  | $ | 18,585 |
Software |  |  | 4,902 |  |  | 4,793 |
Land |  |  | 3,900 |  |  | 3,900 |
Building and building improvements |  |  | 2,256 |  |  | 2,256 |
Furniture and fixtures |  |  | 111 |  |  | 111 |
Leasehold improvements |  |  | 724 |  |  | 715 |
|  |  | 30,513 |  |  | 30,360 |
Less: Accumulated depreciation |  |  | (22,898) |  |  | (22,671) |
|  | $ | 7,615 |  | $ | 7,689 |
Depreciation expense was $228,000 and $324,000, respectively, for the three months ended June 30, 2017 and 2016.
|  | June 30, 2017 |  | March 31, 2017 |
|  | (In thousands) |
Other assets: |  |  |  |  |  |  |
Escrow deposit |  | $ | 1,750 |  | $ | 1,750 |
Non-current deferred income taxes |  |  | 22 |  |  | 22 |
Prepaid income taxes |  |  | — |  |  | 552 |
Deposits |  |  | 130 |  |  | 132 |
|  | $ | 1,902 |  | $ | 2,456 |
The escrow deposits at June 30, 2017 and March 31, 2017 include approximately $1.8 million at each date placed in escrow in connection with the Company’s acquisition of MikaMonu Group Ltd. on November 23, 2015. The following tables summarize the components of intangible assets and related accumulated amortization balances at June 30, 2017 and March 31, 2017 (in thousands):
|  | As of June 30, 2017 |
|  | Gross Carrying Amount |  | Accumulated amortization |  | Net Carrying Amount |
Intangible assets: |  |  |  |  |  |  |  |  |  |
Product designs |  | $ | 590 |  | $ | (590) |  | $ | — |
Patents |  |  | 4,220 |  |  | (996) |  |  | 3,224 |
Software |  |  | 80 |  |  | (80) |  |  | — |
Total |  | $ | 4,890 |  | $ | (1,666) |  | $ | 3,224 |
|  | 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 |
Amortization of intangible assets included in cost of revenues was $78,000 and $100,000, respectively, for the three months ended June 30, 2017 and 2016. As of June 30, 2017, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands):
Three months ended June 30, |  |  |  |  |  |
2018 |  | $ | 313 |  |  |  |
2019 |  |  | 247 |  |  |  |
2020 |  |  | 233 |  |  |  |
2021 |  |  | 233 |  |  |  |
2022 |  |  | 233 |  |  |  |
Thereafter |  |  | 1,965 |  |  |  |
Total |  | $ | 3,224 |  |  |  |
|  | June 30, 2017 |  | March 31, 2017 |
|  | (In thousands) |
Accrued expenses and other liabilities: |  |  |  |  |  |  |
Accrued compensation |  | $ | 2,557 |  | $ | 3,990 |
Escrow indemnity accrual |  |  | 5 |  |  | 484 |
Accrued professional fees |  |  | 60 |  |  | 66 |
Accrued commissions |  |  | 235 |  |  | 238 |
Contingent consideration |  |  | 1,121 |  |  | 1,117 |
Accrued retention payment |  |  | 297 |  |  | 251 |
Miscellaneous accrued expenses |  |  | 775 |  |  | 905 |
|  | $ | 5,050 |  | $ | 7,051 |
|  | June 30, 2017 |  | March 31, 2017 |
|  | (In thousands) |
Other accrued expenses: |  |  |  |  |  |  |
Contingent consideration |  | $ | 5,119 |  | $ | 5,083 |
Other long-term accrued liabilities |  |  | 396 |  |  | 335 |
|  | $ | 5,515 |  | $ | 5,418 |

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