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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Restrictions on Cash and Cash Equivalents

Cash, cash equivalents, and restricted cash consisted of the following:

	As of
(in thousands)	December 31, 2019				March 31, 2019
Cash and Cash Equivalents	$	14,474			$	17,872
Restricted Cash	1,000				1,000
	$	15,474			$	18,872

Estimated useful lives of Property and equipment

Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows:

Computer equipment and software	3 - 5 years
Digital cinema projection systems	10 years
Machinery and equipment	3 - 10 years
Furniture and fixtures	3 - 6 years

Fair Value Measurements of financial assets

The following tables summarize the levels of fair value measurements of our financial assets and liabilities as of December 31, 2019 and March 31, 2019:

(in thousands)		Level 1				Level 2				Level 3				Total
Restricted cash		$	1,000			$	—			$	—			$	1,000

Schedule of Goodwill

Gross amounts of goodwill and accumulated impairment charges that we have recorded are as follows:

(In thousands)
Goodwill		$	32,701
Accumulated impairment charges		(24,000		)
Goodwill at December 31, 2019 and March 31, 2019		$	8,701

Disaggregation of Revenue

The following tables present the Company's revenue categories for the three and nine months ended December 31, 2019:

(in thousands):

	Three Months Ended December 31,								Nine Months Ended December 31,
	2019				2018				2019				2018
Cinema Equipment Business:
Phase I Deployment	$	1,402			$	2,156			$	4,797			$	7,424
Phase II Deployment	444				1,754				1,326				8,191
Services	1,043				1,410				3,378				4,311
Digital System Sales	240				—				1,266				—
Total Cinema Equipment Business revenue	$	3,129			$	5,320			$	10,767			$	19,926
Content & Entertainment Business:
Base Distribution Business	$	5,286			$	6,565			$	11,944			$	14,298
OTT Streaming and Digital	3,097				2,758				8,845				7,241
Total Content & Entertainment Business revenue	$	8,383			$	9,323			$	20,789			$	21,539

Employee stock-based compensation expense related to stock-based awards

Employee and director stock-based compensation expense related to our stock-based awards was as follows:

		Three Months Ended December 31,								Nine Months Ended December 31,
(In thousands)		2019				2018				2019				2018
Selling, general and administrative		$	178			$	361			$	367			$	763
		$	178			$	361			$	367			$	763

Share-based Payment Arrangement, Option and Stock Appreciation Rights, Activity

The PSUs outstanding are as follows:

		Nine Months Ended December 31, 2019
PSUs Outstanding March 31, 2019		1,390,584
Forfeited		(29,275	)
Total PSUs Outstanding December 31, 2019		1,361,309

Total SARs outstanding are as follows:

		Nine Months Ended December 31, 2019
SARs Outstanding March 31, 2019		1,462,610
Issued		—
Forfeited		—
Total SARs Outstanding December 31, 2019		1,462,610

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