Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.6.0.2
Inventories (Tables)
 9 Months Ended
Dec. 31, 2016
Inventories  
Summary of inventory

Inventories are valued on a first in first out (“FIFO”) basis and lower of cost or market net of provisions for slow moving, excess, obsolete or otherwise impaired inventories and consisted of the following as of December 31, 2016 and March 31, 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

March 31,

 

 

    

2016

    

2016

 

Raw materials

 

$
14,860

 

$
16,539

 

Work in process

 

 
248

 

 
554

 

Finished goods

 

 
1,573

 

 
1,176

 

Total

 

 
16,681

 

 
18,269

 

Less non-current portion

 

 
(1,949)

 

 
(2,143)

 

Current portion

 

$
14,732

 

$
16,126

 

 

Schedule of expected usage for non-current inventory

The Company expects to use the non-current portion of the inventories on hand as of December 31, 2016 over the periods presented in the following table (in thousands):

 

 

 

 

 

 

 

 

 

Non-current Inventory

 

 

 

 

Balance Expected

 

Expected Period of Use

    

 

to be Used

 

13 to 24 months

 

$
1,541

 

25 to 36 months

 

 
287

 

37 to 48 months

 

 
121

 

Total

 

$
1,949