Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.2.0.727
Inventories (Tables)
3 Months Ended
Jun. 30, 2015
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 June 30, 2015 and March 31, 2015 (in thousands):

 

 

June 30,
2015

 

March 31,
2015

 

 

 

 

 

 

 

Raw materials

 

$

21,986

 

$

19,955

 

Work in process

 

598

 

 

Finished goods

 

3,846

 

5,400

 

 

 

 

 

 

 

Total

 

26,430

 

25,355

 

Less non-current portion

 

(2,273

)

(2,258

)

 

 

 

 

 

 

Current portion

 

$

24,157

 

$

23,097

 

 

 

 

 

 

 

 

 

 

Schedule of expected usage for non-current inventory

The Company expects to use the non-current portion of the inventories on hand as of June 30, 2015 over the periods presented in the following table (in thousands):

Expected Period of Use

 

Non-Current Inventory
Balance Expected to be Used

 

 

 

 

 

13 to 24 months

 

$

1,600 

 

25 to 36 months

 

547 

 

37 to 48 months

 

126 

 

 

 

 

 

Total

 

$

2,273