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SEGMENT INFORMATION
 3 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

We operate in four reportable segments: Phase I Deployment, Phase II Deployment, Services and Content & Entertainment or CEG. Our segments were determined based on the economic characteristics of our products and services, our internal organizational structure, the manner in which our operations are managed and the criteria used by our Chief Operating Decision Maker to evaluate performance, which is generally the segment’s income (loss) from continuing operations before interest, taxes, depreciation and amortization. Certain Corporate assets, liabilities and operating expenses are not allocated to our reportable segments.
 
Operations of:
Products and services provided:
Phase I Deployment
Financing vehicles and administrators for our 3,724 Systems installed nationwide, for which we retain ownership of the Systems and the residual cash flows related to the Systems after the repayment of all non-recourse debt at the expiration of exhibitor master license agreements.
Phase II Deployment
Financing vehicles and administrators for our 8,904 Systems installed domestically and internationally, for which we retain no ownership of the residual cash flows and digital cinema equipment after the completion of cost recoupment and at the expiration of the exhibitor master license agreements.
Services
Provides monitoring, collection, verification and other management services to our Phase I Deployment, Phase II Deployment, CDF2 Holdings, as well as to exhibitors who purchase their own equipment. Services also collects and disburses VPFs from motion picture studios, distributors and ACFs from alternative content providers, movie exhibitors and theatrical exhibitors.
Content & Entertainment
Leading distributor of independent content, and collaborates with producers and other content owners to market, source, curate and distribute independent content to targeted and profitable audiences in theatres and homes, and via mobile and emerging platforms.

The following tables present certain financial information related to our reportable segments and Corporate:

 
 
As of June 30, 2015
(In thousands)
 
Intangible Assets, net
 
Goodwill
 
Total Assets
 
Notes Payable, Non-Recourse
 
Notes Payable
 
Capital Leases
Phase I Deployment
 
$
244

 
$
—

 
$
71,795

 
$
121,288

 
$
—

 
$
—

Phase II Deployment
 
—

 
—

 
61,393

 
25,850

 
—

 
—

Services
 
—

 
—

 
1,182

 
—

 
—

 
—

Content & Entertainment
 
30,071

 
26,701

 
117,631

 
—

 
—

 
85

Corporate
 
13

 
—

 
25,007

 
—

 
82,984

 
5,261

Total
 
$
30,328

 
$
26,701

 
$
277,008

 
$
147,138

 
$
82,984

 
$
5,346



 
 
As of March 31, 2015
(In thousands)
 
Intangible Assets, net
 
Goodwill
 
Total Assets
 
Notes Payable, Non-Recourse
 
Notes Payable
 
Capital Leases
Phase I Deployment
 
$
252

 
$
—

 
$
80,381

 
$
129,508

 
$
—

 
$
—

Phase II Deployment
 
—

 
—

 
61,502

 
27,790

 
—

 
—

Services
 
—

 
—

 
1,084

 
—

 
—

 
—

Content & Entertainment
 
31,520

 
26,701

 
122,610

 
—

 
—

 
84

Corporate
 
12

 
—

 
14,128

 
—

 
46,044

 
5,411

Total
 
$
31,784

 
$
26,701

 
$
279,705

 
$
157,298

 
$
46,044

 
$
5,495




 
 
Statements of Operations
 
 
For the Three Months Ended June 30, 2015
 
 
(Unaudited, in thousands)
 
 
Phase I
 
Phase II
 
Services
 
Content & Entertainment
 
Corporate
 
Consolidated
Revenues
 
$
8,142

 
$
2,895

 
$
2,693

 
$
9,098

 
$
—

 
$
22,828

Direct operating (exclusive of depreciation and amortization shown below)
 
225

 
91

 
4

 
6,972

 
—

 
7,292

Selling, general and administrative
 
253

 
41

 
210

 
5,228

 
3,884

 
9,616

Allocation of Corporate overhead
 


 


 
402

 
1,347

 
(1,749
)
 
—

Provision for doubtful accounts
 
241

 
98

 
—

 
—

 
—

 
339

Restructuring, transition and acquisition expenses, net
 
—

 
—

 
—

 
—

 
133

 
133

Depreciation and amortization of property and equipment
 
7,153

 
1,881

 
—

 
40

 
283

 
9,357

Amortization of intangible assets
 
8

 
—

 


 
1,450

 
1

 
1,459

Total operating expenses
 
7,880

 
2,111

 
616

 
15,037

 
2,552

 
28,196

Income (loss) from operations
 
$
262

 
$
784

 
$
2,077

 
$
(5,939
)
 
$
(2,552
)
 
$
(5,368
)

The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows:
 
 
Phase I
 
Phase II
 
Services
 
Content & Entertainment
 
Corporate
 
Consolidated
Direct operating
 
$
—

 
$
—

 
$
4

 
$
2

 
$
—

 
$
6

Selling, general and administrative
 
—

 
—

 
—

 
68

 
598

 
666

Total stock-based compensation
 
$
—

 
$
—

 
$
4

 
$
70

 
$
598

 
$
672




 
 
Statements of Operations
 
 
For the Three Months Ended June 30, 2014
 
 
(Unaudited, in thousands)
 
 
Phase I
 
Phase II
 
Services
 
Content & Entertainment
 
Corporate
 
Consolidated
Revenues
 
$
9,484

 
$
3,171

 
$
3,060

 
$
7,142

 
$
—

 
$
22,857

Direct operating (exclusive of depreciation and amortization shown below)
 
244

 
137

 
51

 
8,072

 
—

 
8,504

Selling, general and administrative
 
95

 
39

 
200

 
4,494

 
2,881

 
7,709

Allocation of Corporate overhead
 
—

 
—

 
466

 
1,353

 
(1,819
)
 
—

Provision for doubtful accounts
 
60

 
21

 
13

 
—

 
—

 
94

Restructuring, transition and acquisition expenses, net
 
—

 
—

 
—

 
842

 
104

 
946

Depreciation and amortization of property and equipment
 
7,137

 
1,881

 
53

 
41

 
264

 
9,376

Amortization of intangible assets
 
11

 
—

 
—

 
1,873

 
1

 
1,885

Total operating expenses
 
7,547

 
2,078

 
783

 
16,675

 
1,431

 
28,514

Income (loss) from operations
 
$
1,937

 
$
1,093

 
$
2,277

 
$
(9,533
)
 
$
(1,431
)
 
$
(5,657
)


The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows:
 
 
Phase I
 
Phase II
 
Services
 
Content & Entertainment
 
Corporate
 
Consolidated
Direct operating
 
$
—

 
$
—

 
$
—

 
$
3

 
$
—

 
$
3

Selling, general and administrative
 
—

 
—

 
4

 
64

 
547

 
615

Total stock-based compensation
 
$
—

 
$
—

 
$
4

 
$
67

 
$
547

 
$
618