Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.19.3
Inventories (Tables)
6 Months Ended
Sep. 30, 2019
Inventories  
Summary of inventory

Inventories are valued at the lower of cost (determined on a first in first out (“FIFO”) basis) or net realizable value and consisted of the following as of September 30, 2019 and March 31, 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

September 30,

 

March 31,

 

 

    

2019

    

2019

 

Raw materials

 

$

21,713

 

$

24,426

 

Work in process

 

 

155

 

 

 —

 

Finished goods

 

 

2,281

 

 

1,207

 

Total

 

 

24,149

 

 

25,633

 

Less inventory reserve

 

 

(2,894)

 

 

(3,887)

 

Less non-current portion

 

 

(1,398)

 

 

(1,403)

 

Current portion

 

$

19,857

 

$

20,343

 

 

Schedule of expected usage for non-current inventory

The Company expects to use the non-current portion of the inventories on hand as of September 30, 2019 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

 

$

688

 

25 to 36 months

 

 

710

 

Total

 

$

1,398