Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet Detail

v3.7.0.1
Consolidated Balance Sheet Detail
3 Months Ended
Apr. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidated Balance Sheet Detail
5. Consolidated Balance Sheet Detail

Inventories, net

Inventories consist primarily of hardware and related component parts and are stated at the lower of cost (on a first-in, first-out basis) or market. Inventories consist of the following:

 

     As of  
     April 30,      January 31,  
     2017      2017  
     (Amounts in thousands)  

Components and assemblies

   $ 368      $ 500  

Finished products

     229        270  
  

 

 

    

 

 

 

Total inventories, net

   $ 597      $ 770  
  

 

 

    

 

 

 

Property and equipment, net

Property and equipment, net consists of the following:

 

     Estimated      As of  
     Useful      April 30,      January 31,  
     Life (Years)      2017      2017  
            (Amounts in thousands)  

Land

      $ 2,780      $ 2,780  

Buildings

     20        11,785        11,726  

Office furniture and equipment

     5        1,283        1,091  

Computer equipment, software and demonstration equipment

     3        18,227        18,194  

Service and spare components

     5        1,158        1,158  

Leasehold improvements

     1-7        1,067        1,064  
     

 

 

    

 

 

 
        36,300        36,013  

Less - Accumulated depreciation and amortization

        (25,144      (24,528
     

 

 

    

 

 

 

Total property and equipment, net

      $ 11,156      $ 11,485  
     

 

 

    

 

 

 

 

Depreciation and amortization expense on property and equipment, net was $0.6 million and $0.8 million for the three months ended April 30, 2017 and 2016, respectively.

Other accrued expenses

Other accrued expenses consist of the following:

 

     As of  
     April 30,      January 31,  
     2017      2017  
     (Amounts in thousands)  

Accrued compensation and commissions

   $ 1,191      $ 1,799  

Accrued bonuses

     1,092        1,871  

Accrued restructuring

     496        1,023  

Employee benefits

     592        885  

Accrued provision for contract loss

     308        168  

Accrued other

     3,162        4,182  
  

 

 

    

 

 

 

Total other accrued expenses

   $ 6,841      $ 9,928