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Discontinued Operations (Tables)
 12 Months Ended
Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations

The Company recognized a gain on its divestiture of Lifesize video conferencing business as follows (in thousands):
 
 
Year Ended
 
 
March 31, 2016
Proceeds received from disposition of discontinued operations
 
$
2,500

Fair value of retained cost method investment as a result of divestiture of discontinued operations
 
5,591

Net liabilities of discontinued operations disposed
 
9,981

Currency translation loss released due to disposition of discontinued operations (1)
 
(3,913
)
Transaction related costs
 
(475
)
Gain on disposal of discontinued operations (2)
 
$
13,684

(1) Currency translation loss recognized as a result of substantial liquidation of a subsidiary using non-USD functional currency, which is part of discontinued operations

(2) Gain on disposal of discontinued operation was included in loss from discontinued operations, net of income taxes, in the Company's consolidated statement of operations
The following table presents financial results of the video conferencing classified as discontinued operations (in thousands):

 
 
Years Ended March 31,
 
 
2016
 
2015
Net sales
 
$
65,554

 
$
109,039

Cost of goods sold
 
24,951

 
40,299

Gross profit
 
40,603

 
68,740

Operating expenses:
 


 


Marketing and selling
 
32,260

 
56,856

Research and development
 
16,526

 
22,706

General and administrative
 
5,254

 
5,439

Impairment of goodwill (1)
 
—

 
122,734

Restructuring charges (credits), net
 
7,900

 
(111
)
Operating expenses
 
61,940

 
207,624

Operating loss from discontinued operations
 
(21,337
)
 
(138,884
)
Interest and other expense, net
 
205

 
426

Gain on disposal of discontinued operations
 
13,684

 
—

Loss from discontinued operations before income taxes
 
(7,858
)
 
(139,310
)
Provision for (benefit from) income taxes
 
1,187

 
(164
)
Net loss from discontinued operations
 
$
(9,045
)
 
$
(139,146
)

(1) The Company recognized $122.7 million impairment of goodwill in its discontinued operations as result of its impairment analysis as of March 31, 2015. Refer to the Company's Annual Report on Form 10-K for fiscal year 2015.