Quantum (QMCO) 10-Q 6 Aug 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2019	Aug. 01, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Interactive Data Current	Yes
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	QUANTUM CORP /DE/
Entity Central Index Key	0000709283
Trading Symbol	QMCO
Current Fiscal Year End Date	--03-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Address, State or Province	CA
Entity Common Stock, Shares Outstanding		36,176,823
Title of 12(b) Security	Common Stock
Security Exchange Name	NONE

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 10,806	$ 10,790
Accounts receivable, net of allowance for doubtful accounts of $291 and $68 as of June 30, 2019 and March 31, 2019, respectively	67,329	86,828
Manufacturing inventories	24,436	18,440
Service part inventories	19,163	19,070
Other current assets	18,305	18,095
Restricted cash	1,042	1,065
Total current assets	141,081	154,288
Long-term assets:
Property and equipment, net	8,003	8,437
Operating lease right-of-use assets	11,928
Restricted cash, long-term	5,000	5,000
Other long term assets	6,092	5,146
Total assets	172,104	172,871
Current liabilities
Accounts payable	39,986	37,395
Deferred revenue, current	81,206	90,407
Accrued restructuring charges, current	2,405	2,876
Long-term debt current portion	1,650	1,650
Accrued compensation	13,279	17,117
Other accrued liabilities	29,674	29,025
Total current liabilities	168,200	178,470
Long-term liabilities:
Deferred revenue, long-term	38,771	36,733
Long-term debt, net of current portion	146,122	145,621
Operating lease liabilities	9,928
Other long-term liabilities	11,599	11,827
Total liabilities	374,620	372,651
Stockholders' deficit
Preferred stock, 20,000 shares authorized; no shares issued or outstanding at June 30, 2019 and March 31, 2019	0	0
Common stock, $0.01 par value; 1,000,000 shares authorized; 36,046 and 36,040 shares issued and outstanding at June 30, 2019 and March 31, 2019, respectively	360	360
Additional paid in capital	500,211	499,224
Accumulated deficit	(701,761)	(697,954)
Accumulated other comprehensive loss	(1,326)	(1,410)
Total stockholders' deficit	(202,516)	(199,780)
Total liabilities and stockholders' deficit	$ 172,104	$ 172,871

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 291	$ 68
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000	1,000,000
Common stock, shares issued	36,046	36,040
Common stock, shares outstanding	36,046	36,040

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
REVENUE
Revenue	$ 105,631	$ 107,512
COSTS AND EXPENSES:
Total cost of revenue	59,793	61,173
Gross profit	45,838	46,339
Operating expense
Research and development	8,383	8,261
Sales and marketing	15,856	19,125
General and administrative	18,588	19,391
Restructuring charges	263	3,907
Total operating expenses	43,090	50,684
INCOME / (LOSS) FROM OPERATIONS	2,748	(4,345)
OTHER EXPENSES AND LOSSES, NET:
Interest expense, net	6,306	3,935
Other (income) expense, net	(89)	(220)
Net loss before income taxes	(3,469)	(8,060)
Income tax expense (benefit)	338	(575)
Net loss	$ (3,807)	$ (7,485)
LOSS PER SHARE:
Loss per share-basic and diluted	$ (0.11)	$ (0.21)
Weighted-average shares outstanding—basic and diluted	36,045	35,444
Net Loss	$ (3,807)	$ (7,485)
Other comprehensive income (loss), net of tax:
Change in foreign currency translation adjustments	84	880
Total comprehensive loss	(3,723)	(6,605)
Product [Member]
REVENUE
Revenue	65,796	66,869
COSTS AND EXPENSES:
Total cost of revenue	47,200	45,438
Service [Member]
REVENUE
Revenue	33,381	33,564
COSTS AND EXPENSES:
Total cost of revenue	12,593	15,735
Royalty [Member]
REVENUE
Revenue	$ 6,454	$ 7,079

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net loss	$ (3,807)	$ (7,485)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	1,021	1,131
Amortization of debt issuance costs	1,004	171
Provision for product and service inventories	1,572	3,871
Stock-based compensation expense	987	427
Non-cash interest expense	5	632
Bad Debt Expense	214	(895)
Deferred income taxes, net	(49)	(376)
Unrealized foreign exchange (gain) loss	130	(238)
Change in fair value of liability classified warrants		(108)
Changes in assets and liabilities:
Accounts receivable	19,360	15,017
Manufacturing inventories	(7,141)	3,170
Service parts inventories	(639)	(860)
Accounts payable	2,593	(11,048)
Accrued restructuring charges	(471)	(706)
Accrued compensation	(3,838)	(4,277)
Deferred revenue	(7,648)	(4,433)
Other assets and liabilities	(2,390)	8,561
Net cash provided by operating activities	903	2,554
Cash flows from investing activities:
Purchases of property and equipment	(444)	(695)
Cash distributions from investments		322
Net cash used in investing activities	(444)	(373)
Cash flows from financing activities:
Borrowings of long-term debt and subordinated convertible debt, net of debt issuance costs	0	77,806
Repayments on long-term debt	(413)	(80,674)
Payment of tax withholding due upon vesting of restricted stock		(6)
Net cash used in financing activities	(413)	(2,874)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(53)	(67)
Net decrease in cash, cash equivalents and restricted cash	(7)	(760)
Cash, cash equivalents and restricted cash at the beginning of period	16,855	17,207
Cash, cash equivalents and restricted cash at the end of period	16,848	16,447
Supplemental disclosure of cash flow information:
Purchases of Property and Equipment included in Accounts Payable	155	2
Transfer of Inventory to Property and Equipment	118	72
Cash Paid For
Interest	5,129	4,399
Income taxes, net of refunds	$ 126	$ (58)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 10,806	$ 10,790	$ 10,227
Restricted cash, current	1,042	1,065	1,220
Restricted cash, long-term	5,000	5,000	5,000
Total cash, cash equivalents and restricted cash at the end of period	$ 16,848	$ 16,855	$ 16,447	$ 17,207

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital [Member]	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance at Mar. 31, 2018	$ (173,470)	$ 354	$ 481,610	$ (655,157)	$ (277)
Balance, shares at Mar. 31, 2018		35,443
Net loss	(7,485)			(7,485)
Foreign currency translation adjustments	880				(880)
Shares issued under employee stock incentive plans, net		$ 2	(2)
Shares surrendered in lieu of withholding taxes for stock incentive plans	(7)		(7)
Share-based compensation expense	427		427
Balance at Jun. 30, 2018	(181,415)	$ 356	482,028	(662,642)	(1,157)
Balance, shares at Jun. 30, 2018		35,443
Balance at Mar. 31, 2019	$ (199,780)	$ 360	499,224	(697,954)	(1,410)
Balance, shares at Mar. 31, 2019	36,040	36,040
Net loss	$ (3,807)			(3,807)
Foreign currency translation adjustments	84				84
Shares issued under employee stock purchase plan, shares		6
Share-based compensation expense	987		987
Balance at Jun. 30, 2019	$ (202,516)	$ 360	$ 500,211	$ (701,761)	$ (1,326)
Balance, shares at Jun. 30, 2019	36,046	36,046

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	3 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1: DESCRIPTION OF BUSINESS Quantum Corporation, together with its consolidated subsidiaries (“Quantum” or the “Company”), founded in 1980 and reincorporated in Delaware in 1987, is an industry leader in storing and managing video and video-like data delivering the industry’s top streaming performance for video and rich media applications, along with low cost, high density massive-scale data protection and archive systems. The Company helps customers capture, create and share digital data and preserve and protect it for decades. The Company’s end-to-end,

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. All intercompany balances and transactions have been eliminated. Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. The Company believes the disclosures made are adequate to prevent the information presented from being misleading. However, the accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included within the Company’s most recent Annual Report on Form 10-K. The accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring items) necessary to present fairly the Company’s financial position as of June 30, 2019 and the results of operations, cash flows, and changes in stockholder’s deficit for the three months ended June 30, 2019 and 2018. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations. Use of Estimates The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. Certain accounting estimates involve significant judgments, assumptions and estimates by management that have a material impact on the carrying value of certain assets and liabilities, disclosures of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period, which management considers to be critical accounting estimates. The judgments, assumptions and estimates used by management are based on historical experience, management’s experience and other factors, which are believed to be reasonable under the circumstances. Because of the nature of the judgments and assumptions made by management, actual results could differ materially from these judgments and estimates, which could have a material impact on the carrying values of the Company’s assets and liabilities and the results of operations. Fair Value Measurements The fair value of financial instruments is based on estimates using quoted market prices, discounted cash flows or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and the estimated timing and amount of future cash flows. Therefore, the estimates of fair value may differ substantially from amounts that ultimately may be realized or paid at settlement or maturity of the financial instruments, and those differences may be material. Accordingly, the aggregate fair value amounts presented may not represent the value as reported by the institution holding the instrument. The Company uses the three-tier hierarchy established by U.S. GAAP, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value to determine the fair value of its financial instruments. This hierarchy indicates to what extent the inputs used in the Company’s calculations are observable in the market. The different levels of the hierarchy are defined as follows: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Other than quoted prices that are observable in the market for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or model-derived valuations or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Inputs are unobservable and reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. See Note 9: Fair Value of Financial Instruments New Accounting Pronouncements Adopted in Fiscal 2020 In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In June 2018, the FASB issued ASU No. 2018-07, Share-based Payments to Non-Employees Accounting Pronouncements Pending Adoption In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-15, Implementation Costs Incurred in Cloud Computing Arrangements 2018-15”), 2018-15 In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION	3 Months Ended
	Jun. 30, 2019
Balance Sheet Related Disclosures [Abstract]
BALANCE SHEET DETAILS	NOTE 3: BALANCE SHEET INFORMATION Certain significant amounts included in the Company’s condensed consolidated balances sheet consist of the following (in thousands): As of June 30, As of March 31, Manufacturing inventories: Finished goods Manufactured finished goods $ 11,138 $ 8,160 Distributor inventory 2,314 3,345 Total finished goods 13,452 11,505 Work in progress 1,013 107 Raw materials 9,971 6,828 Total manufacturing inventories $ 24,436 $ 18,440 Service inventories: Finished goods $ 14,144 $ 13,437 Component parts 5,019 5,633 Total service inventories $ 19,163 $ 19,070 Other current assets: Insurance receivable $ 8,950 $ 8,950 Prepayments 4,688 3,856 Other current assets 4,667 5,289 Total other current assets $ 18,305 $ 18,095 Property and equipment, net: Machinery and equipment $ 30,653 $ 30,306 Furniture and fixtures 2,020 2,073 Leasehold improvements 7,052 6,990 39,725 39,369 Less: accumulated depreciation (31,722 ) (30,932 ) Total property and equipment, net $ 8,003 $ 8,437 Other accrued liabilities: Accrued expenses $ 6,500 $ 8,925 Accrued settlement 10,452 10,452 Accrued warranty 4,172 3,456 Operating lease liabilities 3,026 — Asset retirement obligation 1,935 1,936 Other accrued liabilities 3,589 4,256 Total other accrued liabilities $ 29,674 $ 29,025

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	NOTE 4: LONG-TERM DEBT The Company’s long-term debt consisted of the following (in thousands): As of June 30, 2019 As of March 31, 2019 Senior Secured Term Loan $ 164,175 $ 164,588 Less: current portion (1,650 ) (1,650 ) Less: unamortized debt issuance costs (1) (16,403 ) (17,317 ) Long-term debt, net $ 146,122 $ 145,621 (1) The unamortized debt issuance costs related to the Senior Secured Term Loan are presented as a reduction of the carrying amount of the corresponding debt balance on the accompanying condensed consolidated balance sheets. Unamortized debt issuance costs related to the PNC Credit Facility are presented within other assets on the accompanying condensed consolidated balance sheets. On October 21, 2016 (the “Closing Date”), the Company entered into a term loan and security agreement (the “TCW Term Loan”) with TCW Asset Management Company LLC (“TCW”) and a revolving credit and security agreement (the “PNC Credit Facility”) with PNC Bank, National Association (“PNC”). On December 27, 2018 (the “Closing Date”), the Company entered into a senior secured term loan of $150.0 million with U.S. Bank, National Association (“U.S. Bank”), drawn on the Closing Date, and a senior secured delayed draw term loan of $15.0 million (collectively, the “Senior Secured Term Loan”) which was drawn in January 2019. In connection with the Senior Secured Term Loan, the Company amended its existing PNC Credit Facility (the “Amended PNC Credit Facility”) providing for borrowings up to a maximum principal amount of the lesser of: (a) $45.0 million or (b) the amount of the borrowing base, as defined in the PNC Credit Facility agreement. Borrowings under the Senior Secured Term Loan and Amended PNC Credit Facility (collectively, the “December 2018 Credit Agreements”) mature on December 27, 2023. A portion of the proceeds from the Senior Secured Term Loan was used to repay all outstanding borrowings under the TCW Term Loan. As of June 30, 2019, the interest rates on the Senior Secured Term Loan and the Amended PNC Credit Facility were 12.3% and 8.5%, respectively. As of June 30, 2019, the Company had no amounts outstanding on the Amended PNC Credit Facility and had borrowing availability of $24.2 million. As of June 30, 2019, the Company was required to maintain a $5.0 million restricted cash reserve as part of the Amended PNC Credit Facility. This balance is presented as long-term restricted cash within the accompanying condensed consolidated balance sheet as of June 30, 2019.

LEASES

LEASES	3 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	NOTE 5: LEASES The Company adopted Accounting Standard Update (“ASU”) No. 2016-02, Leases 2018-11, Targeted Improvements Leases Under Topic 842, the Company determines if an arrangement is a lease at inception. The lease term begins on the commencement date, which is the date the Company takes possession of the property and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The lease terms are used to determine lease classification as an operating or finance lease and is used to calculate straight-line lease expense for operating leases. The Company elected the package of practical expedients permitted under the transition guidance within Topic 842 to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. Right-of-use The Company has operating leases for facilities, vehicles, computers, and other office equipment with various expiration dates. The leases have remaining terms of 1 to 11 years. Certain leases contain renewal options for varying periods, which are at the Company’s sole discretion. The Company did not use hindsight when determining lease term, therefore, the Company carried forward the lease term as determined prior to the adoption of Topic 842. For new leases with renewal or termination options, such option periods will be included in the determination of the Company’s ROU assets and lease liabilities if the Company is reasonably certain to exercise the option. Certain leases require the Company to pay taxes, insurance, maintenance, and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the lease liability to the extent they are variable in nature. These variable lease costs are recognized as a variable lease expense when incurred. The components of lease cost were as follows (in thousands): Three Months Ended Operating lease cost $ 1,272 Variable lease cost 66 Short-term lease cost 2 Total lease cost $ 1,340 Supplemental cash flow information related to operating leases was as follows (in thousands): Three Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 1,304 Right-of-use Operating leases $ 13 Supplemental balance sheet information related to the Company’s operating leases was as follows (in thousands): As of June 30, Operating leases: Operating lease right-of-use $ 11,928 Operating lease liabilities, current $ 3,026 Noncurrent operating lease liabilities 9,928 Total operating lease liabilities $ 12,954 As of June 30, 2019, the weighted-average remaining lease-term was 4.96 years and the weighted-average discount rate was 14.06%. The maturities of lease liabilities under non-cancellable Operating Leases Nine months ended March 31, 2020 $ 3,342 For the fiscal year ended March 31, 2021 3,934 2022 3,186 2023 2,193 2024 1,952 Thereafter 3,719 Total minimum lease payments 18,326 Less: Imputed interest (5,372 ) Present value of lease liabilities $ 12,954 Lease amounts above do not include sublease income. The Company has entered into various sublease agreements with third parties. Under these agreements, the Company expects to receive sublease income of approximately $0.2 million for the remainder of fiscal 2020 and $0.2 million in each of the next two years. As of June 30, 2019, we have additional operating leases that have not yet commenced totaling $0.2 million. These operating leases include agreements for a vehicle and extensions of existing office space leases and will commence during the second quarter with lease terms of 2 to 3 years.

REVENUE

REVENUE	3 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	NOTE 6: REVENUE Nature of Products and Services Based on how the Company manages its business, the Company has determined that it currently operates in one reportable segment. The Company operates in three geographic regions: (a) Americas; (b) Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). Revenue by geography is based on the location of the customer from which the revenue is earned. In the following table, revenue is disaggregated by major product offering and geographies (in thousands): Three months ended June 30, 2019 Americas Europe Asia Pacific Consolidated Primary storage systems $ 10,013 $ 4,080 $ 1,452 $ 15,545 Secondary storage systems 23,697 9,655 3,437 36,789 Device and media 8,671 3,533 1,258 13,462 Service 21,571 9,223 2,587 33,381 Royalty * * * 6,454 Total Revenue $ 105,631 Three months ended June 30, 2018 Americas Europe Asia Pacific Consolidated Primary storage systems $ 9,179 $ 5,315 $ 1,460 $ 15,954 Secondary storage systems 19,011 11,008 3,023 33,042 Device and media 10,283 5,954 1,636 17,873 Service 21,689 9,274 2,601 33,564 Royalty * * * 7,079 Total Revenue $ 107,512 * Royalty revenue is not allocable to geographic regions. Contract Balances The following table presents the Company’s contract liabilities and certain information related to this balance as of and for the three months ended June 30, 2019 (in thousands): June 30, 2019 Contract liabilities (deferred revenue) $ 119,977 Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period $ 28,527 Remaining Performance Obligations Transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and contractually agreed upon amounts, yet to be invoiced, that will be recognized as revenue in future periods. Remaining performance obligations are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, adjustments for revenue that have not materialized and foreign exchange adjustments. The Company applied the practical expedient in accordance within ASC 606, Revenue from Contracts with Customers Remaining performance obligation consisted of the following (in thousands): Current Non-Current Total As of June 30, 2019 $ 110,561 $ 47,151 $ 157,712 The Company expects to recognize approximately 70% of the remaining performance obligations within the next 12 months. The majority of the Company’s noncurrent remaining performance obligations is expected to be recognized in the next 13 to 60 months.

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	3 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	NOTE 7: RESTRUCTURING CHARGES There were no new restructuring plans initiated during the three months ended June 30, 2019. As of June 30, 2019, the Company had three locations with a restructuring accrual. In the three months ended June 30, 2018, management approved a plan to eliminate 65 positions in the U.S. and internationally. The purpose of this plan was to improve operational efficiencies and align with management’s strategic vision for the Company. Severance and benefits costs of approximately $3.4 million were incurred under this restructuring plan. The following table summarizes the activity included in restructuring charges for the period ended June 30, 2019 and 2018 (in thousands): Severance Facilities Total Balance as of March 31, 2019 $ — $ 2,876 $ 2,876 Restructuring costs — 33 33 Adjustments to prior estimates — 230 230 Cash payments — (734 ) (734 ) Balance as of June 30, 2019 $ — $ 2,405 $ 2,405 Balance as of March 31, 2018 $ 1,430 $ 4,389 $ 5,819 Restructuring costs 3,353 554 3,907 Adjustments to prior estimates — — — Cash payments (4,272 ) (396 ) (4,668 ) Balance as of June 30, 2018 $ 511 $ 4,547 $ 5,058 Facilities Total Estimated timing of future payments Fiscal 2020 $ 2,405 $ 2,405 Fiscal 2021 to 2024 — — $ 2,405 $ 2,405 Facility restructuring accruals will be paid in accordance with the respective facility lease terms and amounts above are net of estimated sublease amounts.

STOCK INCENTIVE PLANS AND STOCK

STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION	3 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION	NOTE 8: STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION Description of Stock Incentive Plans 2012 Long-Term Incentive Plan The Company has a stockholder-approved 2012 Long-Term Incentive Plan (the “Plan”) which has 4.6 million shares authorized for issuance of new shares at June 30, 2019. There were 4.3 million shares available for grant exclusive of 2.1 million shares reserved for issuance related to approved grants that will become effective when the Company becomes current with SEC reporting requirements or the Company becomes current with SEC reporting requirements and is re-listed on a national stock exchange. There were 2.4 million stock options, performance shares and restricted shares that were outstanding under the Plan as of June 30, 2019. Stock options under the Plan are granted at prices determined by the Board of Directors, but at not less than the fair market value of Quantum’s common stock on the date of grant. The majority of performance share units, restricted stock units and stock options granted to employees vest over three to four years. Stock option, performance share and restricted stock grants to nonemployee directors typically vest over one year. Stock options performance share units and restricted stock units granted under the Plan are subject to forfeiture if employment terminates. The Company accounts for all forfeitures of share-based awards when they occur. In February 2018, the Company enacted a deferral of release of all vested restricted stock units and performance share units granted prior to February 2018. The Company did not recognize compensation cost in connection with certain awards for which the grant date was achieved. The deferral of release impacted only pre-February Other Stock Incentive Plans In addition to the Plan, the Company have other stock incentive plans which are inactive for future share grant purposes, including plans assumed in acquisitions, under which stock options, stock appreciation rights, stock purchase rights, restricted stock awards and long-term performance awards to employees, consultants, officers and affiliates were authorized (“Other Plans”). Stock options granted and assumed under the Other Plans generally vest over one to four years and expire seven to ten years after the grant date, and restricted stock granted under the Other Plans generally vests over one to four years. The Other Plans have been terminated, and outstanding stock options and restricted stock units granted and assumed remain outstanding and continue to be governed by the terms and conditions of the respective Other Plan. Stock options and restricted stock granted under the Other Plans are subject to forfeiture if employment terminates. Stock options under the Other Plans were granted at prices determined by the Board of Directors, but at not less than the fair market value, and stock options assumed were governed by the respective acquisition agreement. Employee Stock Purchase Plan Quantum has an employee stock purchase plan (the “Purchase Plan”) that allows participating employees to purchase shares of the Company’s common stock at a discount to fair market value. Employees may purchase the Company’s common stock at a price that is no less than the lower of 85% of the fair market value at the grant date or exercise date. The maximum number of shares that may be issued under the Purchase Plan is 8.9 million shares. The Purchase Plan is available to all employees subject to certain eligibility requirements. Under the Purchase Plan, rights to purchase shares are granted during the second and fourth quarter of each fiscal year. The Purchase Plan allows a maximum amount of 0.3 million shares to be purchased in any six-month Stock-Based Compensation Expense The following tables summarize stock-based compensation expense (in thousands): Three months ended June 30, 2019 2018 Stock-based compensation expense: Cost of revenue $ 101 $ 75 Research and development 138 86 Sales and marketing 297 (148 ) General and administrative 451 414 Total stock-based compensation expense $ 987 $ 427 Three months ended June 30, 2019 2018 Stock-based compensation by type of award: Restricted stock $ 711 $ 557 Performance share units 276 (197 ) Stock purchase plan — 107 Stock options — (40 ) Total stock-based compensation expense $ 987 $ 427 As of June 30, 2019, unrecognized stock-based compensation expense related to outstanding stock awards was approximately $2.2 million and is expected to be recognized over a weighted-average period of approximately 0.98 years. Stock Options The Company did not grant any stock options during the three months ended June 30, 2019 and 2018, respectively. There were no stock options exercised during the three-month periods ended June 30, 2019 and 2018. As of June 30, 2019, 1,207 stock options, with a weighted average exercise price of $5.04 per share, a weighted average remaining contractual life of 1.32 years and an aggregate intrinsic value of $0, remained outstanding. Performance Share Units The Company granted 175,000 and 125,000 performance share units with market conditions (market “PSUs”) during the three-month periods ended June 30, 2019 and 2018, respectively. The number of PSUs issued is dependent on Quantum’s common stock achieving certain 60-day The Company did not grant any performance share units with financial performance conditions (“performance PSUs”) during the three-month periods ended June 30, 2019 and 2018, respectively. Performance PSUs become eligible for vesting based on Quantum achieving certain financial performance targets through the end of the fiscal year when the performance PSUs were granted. Performance PSUs are valued at the market closing share price on the date of grant and compensation expense for performance PSUs is recognized when it is probable that the performance conditions will be achieved. A summary of activity relating to Quantum’s PSUs is as follows (shares in thousands): Shares Weighted-Average Grant Nonvested as of March 31, 2019 770 $ 1.78 Granted 175 $ 1.71 Forfeited (10 ) $ 3.36 Nonvested as of June 30, 2019 935 $ 1.75 Restricted Stock Units The Company granted 210,000 and 169,577 service-based restricted stock units (“RSUs”) during the three-month periods ended June 30, 2019 and 2018, respectively, which generally vest ratably over a three-year service period. Certain RSUs are subject to the Company becoming current with SEC reporting requirements or the Company becoming current with SEC reporting requirements and being relisted on a national stock exchange, which were both evaluated as a performance condition. RSUs are valued at the market closing share price on the date of grant and compensation expense for RSUs is recognized ratably over the applicable vesting period. The fair value of RSUs vested during the three-month periods ended June 30, 2019 and 2018 was $0.0 million and $0.9 million, respectively. A summary of activity relating to Quantum’s RSUs is as follows (shares in thousands): Shares Weighted-Average Grant Nonvested as of March 31, 2019 1,311 $ 3.61 Granted 210 $ 2.45 Vested (6 ) $ 8.76 Forfeited (30 ) $ 7.24 Nonvested as of June 30, 2019 1,485 $ 3.35

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 9: FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s assets, measured and recorded at fair value on a recurring basis, may consist of money market funds which are included in cash and cash equivalents in the Condensed Consolidated Balance Sheets and are valued using quoted market prices (level 1 fair value measurements) at the respective balance sheet dates. No impairments charges were recognized for non-financial non-financial non-recurring Warrants and Warrant Liability The Company uses the Black-Scholes option valuation model for estimating fair value of common stock warrants. The expected life of warrants granted represent the period of time that they are expected to be outstanding. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, exercise patterns, and post-vesting forfeitures. The Company estimates volatility based on the historical volatility of the common stock over the most recent period corresponding with the estimated expected life of the award. The Company bases the risk-free interest rate used in the Black-Scholes stock option valuation model on the implied yield currently available on U.S. Treasury zero-coupon During fiscal year 2018, the Company began issuing common stock warrants in connection with the TCW term loan agreement. The warrants were initially accounted for as a liability and recorded at estimated fair value on a recurring basis due to exercise price reset provisions contained with the warrant agreements. As such, the Company estimated the fair value of the warrants at the end of each reporting period using a Black-Scholes valuation model. At the end of each reporting period, the Company recorded the changes in the estimated fair value during the period in other expense (income) in the condensed consolidated statements of operations and comprehensive loss. During the three months ended March 31, 2019, the exercise price for these warrants reset and became fixed, at which time they were considered to be indexed to the Company’s own stock and would meet the scope requirements for equity classification. The fair value of the warrants upon the exercise price reset was reclassified to stockholders’ deficit. The Company classified the warrants liability subject to recurring fair value measurement as Level 3 prior to the reclassification to stockholders’ deficit. A portion of these warrants were based on significant inputs that were not observable in the market. As the outstanding warrants were reclassified to stockholders’ deficit in the fourth quarter of fiscal year 2019, there was no warrant liability as of June 30, 2019 and March 31, 2019. The table presented below is a summary of changes in the fair value of the Company’s Level 3 valuations for the warrant liability for the three months ended June 30, 2018 (in thousands): Warrant liability Balance, March 31, 2018 $ 272 Changes in fair value (108 ) Balance, June 30, 2018 $ 164 Long-term Debt The Company’s financial liabilities were comprised primarily of long-term debt as of June 30, 2019 and March 31, 2019. The Company uses significant other observable market data or assumptions (Level 2 inputs as defined in accounting guidance) that it believes market participants would use in pricing debt. The carrying value and fair value of the financial liabilities were primarily comprised of the following as of June 30, 2019 and March 31, 2019 (in thousands): As of June 30, 2019 March 31, 2019 Carrying Fair Value Carrying Fair Value Long term debt: (1) Term loan agreement $ 164,175 $ 156,918 $ 164,588 $ 160,259 Total long-term debt $ 164,175 $ 156,918 $ 164,588 $ 160,259 (1) Fair value based on outstanding borrowings and market interest rates (level 2)

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10: INCOME TAXES The effective tax rate for the three months ended June 30, 2019 and 2018 was (9.7)% and 7.1%, respectively. Income tax provisions for each of these periods reflect expenses for foreign income taxes and state taxes and differed from the federal statutory rate of 21% in both periods due primarily to unbenefited losses experienced in jurisdictions with valuation allowances on deferred tax assets as well as the forecasted mix of earnings in domestic and international jurisdictions. As of June 30, 2019, including interest and penalties, the Company had $117.5 million of unrecognized tax benefits, $99.3 million of which, if recognized, would favorably affect the effective tax rate. As of June 30, 2019, the Company had accrued interest and penalties related to these unrecognized tax benefits of $1.0 million. The Company’s practice is to recognize interest and penalties related to income tax matters in the income tax provision in the Condensed Consolidated Statements of Operations. As of June 30, 2019, $111.7 million of unrecognized tax benefits were recorded as a contra deferred tax asset in other long-term assets and $5.8 million (including interest and penalties) was recorded in other long-term liabilities in the Condensed Consolidated Balance Sheets. The Company does not believe it is likely that the unrecognized tax benefits would materially change in the next 12 months.

NET LOSS PER SHARE

NET LOSS PER SHARE	3 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NOTE 11: NET LOSS PER SHARE Net Loss per Share The following table sets forth the computation of basic and diluted net loss per share, as adjusted for the Reverse Stock Split, (in thousands, except per share data): Three Months Ended June 30, 2019 June 30, 2018 Numerator: Net Loss $ (3,807 ) $ (7,485 ) Denominator: Weighted-average shares Basic and diluted 36,045 35,444 Basic and diluted net loss per share $ (0.11 ) $ (0.21 ) The dilutive impact related to common shares from stock incentive plans and outstanding warrants is determined by applying the treasury stock method of determining value to the assumed vesting of outstanding performance share units and restricted stock units and the exercise of outstanding options and warrants. The dilutive impact related to common shares from contingently issuable performance share units is determined by applying a two-step approach using both the contingently issuable share guidance and the treasury stock method. As of June 30, 2019 and 2018, respectively, 4,927,692 and 1,914,757 shares related to restricted stock units and warrants were excluded from the calculation of diluted net loss per share as these shares were anti-dilutive.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12: COMMITMENTS AND CONTINGENCIES Commitments to Purchase Inventory The Company uses contract manufacturers for its manufacturing operations. Under these arrangements, the contract manufacturer procures inventory to manufacture products based upon management forecast of customer demand. The Company has similar arrangements with certain other suppliers. The Company is responsible for the financial impact on the supplier or contract manufacturer of any reduction or product mix shift in the forecast relative to materials that the third party had already purchased under a prior forecast. Such a variance in forecasted demand could require a cash payment for inventory in excess of current customer demand or for costs of excess or obsolete inventory. As of June 30, 2019, the Company had issued non-cancelable Legal Proceedings On July 22, 2016, Realtime Data LLC d/b/a IXO (“Realtime Data”) filed a patent infringement lawsuit against Quantum in the U.S. District Court for the Eastern District of Texas, alleging infringement of U.S. Patents Nos. 7,161,506, 7,378,992, 7,415,530, 8,643,513, 9,054,728, and 9,116,908. The lawsuit has been transferred to the U.S. District Court for the Northern District of California for further proceedings. Realtime Data asserts that the Company has incorporated Realtime Data’s patented technology into its compression products and services. Realtime Data seeks unspecified monetary damages and other relief that the Court deems appropriate. On July 31, 2017, the District Court stayed proceedings in this litigation pending decision in Inter Partes Review proceedings currently before the Patent Trial and Appeal Board and relating to the Realtime patents. That stay remains pending. The Company believes the probability that this lawsuit will have a material adverse effect on its business, operating results or financial condition is remote. In February 2018, two putative class action lawsuits were filed in the United States District Court for the Northern District of California against the Company and two former executive officers (the “Class Action”). The lawsuits were consolidated on May 16, 2018. The Class Action plaintiffs sought unspecified damages for certain alleged material misrepresentations and omissions made by the Company in connection with its financial statements for its fiscal year 2017. On September 25, 2018, the Court granted permission to plaintiffs in the action to file an Amended Consolidated Complaint. Before the plaintiffs filed their amended consolidated complaint, the parties met with a mediator to discuss a potential settlement of the case. On February 20, 2019, the parties reached a settlement in principal; under the terms of the settlement, the Company agreed to pay $8.2 million to plaintiffs. The amount includes all of plaintiffs’ attorneys’ fees, and the full amount will be paid by the Company’s directors and officers liability insurance carriers. The settlement liability has been included in other current liabilities and the receivable from the insurance carriers has been included in other current assets in the accompanying condensed consolidated balance sheets as of March 31, 2019. A Stipulation of Settlement was signed by the Parties on June 28, 2019, and the Court granted preliminary approval on July 26, 2019. A hearing on final approval of the settlement has been scheduled for November 14, 2019. In May 2018, two shareholders filed litigation in California Superior Court for Santa Clara County on behalf of Quantum against several current and former officers and directors of the Company. A third action brought by a shareholder on behalf of Quantum was filed on March 4, 2019. These three lawsuits (the “Derivative Litigation”), which were consolidated by the Court, alleged, inter alia In February 2018, the Company received a document subpoena from the SEC requesting information pertaining to the Company’s financial statements for the period April 1, 2017 through the date of the subpoena. The Company responded to that subpoena. In August 2018, the Company received a second subpoena requesting similar documents for the period April 1, 2015 through the date of the subpoena. The Company understands that the SEC’s investigation relates to the facts and circumstances described in the Explanatory Paragraph and Note 2: Restatement Form 10-K. Other Matters Additionally, from time to time, the Company is a party to various legal proceedings and claims arising from the normal course of business activities. Based on current available information, the Company does not expect that the ultimate outcome of any currently pending unresolved matters, individually or in the aggregate, will have a material adverse effect on its results of operations, cash flows or financial position.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. All intercompany balances and transactions have been eliminated. Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. The Company believes the disclosures made are adequate to prevent the information presented from being misleading. However, the accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included within the Company’s most recent Annual Report on Form 10-K. The accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring items) necessary to present fairly the Company’s financial position as of June 30, 2019 and the results of operations, cash flows, and changes in stockholder’s deficit for the three months ended June 30, 2019 and 2018. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations.
Use of Estimates	Use of Estimates The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. Certain accounting estimates involve significant judgments, assumptions and estimates by management that have a material impact on the carrying value of certain assets and liabilities, disclosures of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period, which management considers to be critical accounting estimates. The judgments, assumptions and estimates used by management are based on historical experience, management’s experience and other factors, which are believed to be reasonable under the circumstances. Because of the nature of the judgments and assumptions made by management, actual results could differ materially from these judgments and estimates, which could have a material impact on the carrying values of the Company’s assets and liabilities and the results of operations.
Fair Value Measurements	Fair Value Measurements The fair value of financial instruments is based on estimates using quoted market prices, discounted cash flows or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and the estimated timing and amount of future cash flows. Therefore, the estimates of fair value may differ substantially from amounts that ultimately may be realized or paid at settlement or maturity of the financial instruments, and those differences may be material. Accordingly, the aggregate fair value amounts presented may not represent the value as reported by the institution holding the instrument. The Company uses the three-tier hierarchy established by U.S. GAAP, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value to determine the fair value of its financial instruments. This hierarchy indicates to what extent the inputs used in the Company’s calculations are observable in the market. The different levels of the hierarchy are defined as follows: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Other than quoted prices that are observable in the market for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or model-derived valuations or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Inputs are unobservable and reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. See Note 9: Fair Value of Financial Instruments
Recently Adopted Accounting Pronouncements	New Accounting Pronouncements Adopted in Fiscal 2020 In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In June 2018, the FASB issued ASU No. 2018-07, Share-based Payments to Non-Employees Accounting Pronouncements Pending Adoption In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-15, Implementation Costs Incurred in Cloud Computing Arrangements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses

BALANCE SHEET INFORMATION (Tabl

BALANCE SHEET INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2019
Balance Sheet Related Disclosures [Abstract]
Schedule of manufacturing inventories	As of June 30, As of March 31, Manufacturing inventories: Finished goods Manufactured finished goods $ 11,138 $ 8,160 Distributor inventory 2,314 3,345 Total finished goods 13,452 11,505 Work in progress 1,013 107 Raw materials 9,971 6,828 Total manufacturing inventories $ 24,436 $ 18,440
Schedule of service parts inventories	Service inventories: Finished goods $ 14,144 $ 13,437 Component parts 5,019 5,633 Total service inventories $ 19,163 $ 19,070
Schedule of Other Current Assets	Other current assets: Insurance receivable $ 8,950 $ 8,950 Prepayments 4,688 3,856 Other current assets 4,667 5,289 Total other current assets $ 18,305 $ 18,095
Schedule of property and equipment	Property and equipment, net: Machinery and equipment $ 30,653 $ 30,306 Furniture and fixtures 2,020 2,073 Leasehold improvements 7,052 6,990 39,725 39,369 Less: accumulated depreciation (31,722 ) (30,932 ) Total property and equipment, net $ 8,003 $ 8,437
Schedule Of Other Current Liabilities	Other accrued liabilities: Accrued expenses $ 6,500 $ 8,925 Accrued settlement 10,452 10,452 Accrued warranty 4,172 3,456 Operating lease liabilities 3,026 — Asset retirement obligation 1,935 1,936 Other accrued liabilities 3,589 4,256 Total other accrued liabilities $ 29,674 $ 29,025

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s long-term debt consisted of the following (in thousands): As of June 30, 2019 As of March 31, 2019 Senior Secured Term Loan $ 164,175 $ 164,588 Less: current portion (1,650 ) (1,650 ) Less: unamortized debt issuance costs (1) (16,403 ) (17,317 ) Long-term debt, net $ 146,122 $ 145,621 (1) The unamortized debt issuance costs related to the Senior Secured Term Loan are presented as a reduction of the carrying amount of the corresponding debt balance on the accompanying condensed consolidated balance sheets. Unamortized debt issuance costs related to the PNC Credit Facility are presented within other assets on the accompanying condensed consolidated balance sheets.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Components of lease, cost	The components of lease cost were as follows (in thousands): Three Months Ended Operating lease cost $ 1,272 Variable lease cost 66 Short-term lease cost 2 Total lease cost $ 1,340
Operating leases cash flow statement disclosures	Supplemental cash flow information related to operating leases was as follows (in thousands): Three Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 1,304 Right-of-use Operating leases $ 13
Operating leases balance sheet disclosures	Supplemental balance sheet information related to the Company’s operating leases was as follows (in thousands): As of June 30, Operating leases: Operating lease right-of-use $ 11,928 Operating lease liabilities, current $ 3,026 Noncurrent operating lease liabilities 9,928 Total operating lease liabilities $ 12,954
Lessee, Operating Lease, Liability, Maturity Table	The maturities of lease liabilities under non-cancellable Operating Leases Nine months ended March 31, 2020 $ 3,342 For the fiscal year ended March 31, 2021 3,934 2022 3,186 2023 2,193 2024 1,952 Thereafter 3,719 Total minimum lease payments 18,326 Less: Imputed interest (5,372 ) Present value of lease liabilities $ 12,954

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	In the following table, revenue is disaggregated by major product offering and geographies (in thousands): Three months ended June 30, 2019 Americas Europe Asia Pacific Consolidated Primary storage systems $ 10,013 $ 4,080 $ 1,452 $ 15,545 Secondary storage systems 23,697 9,655 3,437 36,789 Device and media 8,671 3,533 1,258 13,462 Service 21,571 9,223 2,587 33,381 Royalty * * * 6,454 Total Revenue $ 105,631 Three months ended June 30, 2018 Americas Europe Asia Pacific Consolidated Primary storage systems $ 9,179 $ 5,315 $ 1,460 $ 15,954 Secondary storage systems 19,011 11,008 3,023 33,042 Device and media 10,283 5,954 1,636 17,873 Service 21,689 9,274 2,601 33,564 Royalty * * * 7,079 Total Revenue $ 107,512
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	The following table presents the Company’s contract liabilities and certain information related to this balance as of and for the three months ended June 30, 2019 (in thousands): June 30, 2019 Contract liabilities (deferred revenue) $ 119,977 Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period $ 28,527
Remaining Performance Obligation	Remaining performance obligation consisted of the following (in thousands): Current Non-Current Total As of June 30, 2019 $ 110,561 $ 47,151 $ 157,712

RESTRUCTURING CHARGES (Tables)

RESTRUCTURING CHARGES (Tables)	3 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Schedule of activity for accrued restructuring	The following table summarizes the activity included in restructuring charges for the period ended June 30, 2019 and 2018 (in thousands): Severance Facilities Total Balance as of March 31, 2019 $ — $ 2,876 $ 2,876 Restructuring costs — 33 33 Adjustments to prior estimates — 230 230 Cash payments — (734 ) (734 ) Balance as of June 30, 2019 $ — $ 2,405 $ 2,405 Balance as of March 31, 2018 $ 1,430 $ 4,389 $ 5,819 Restructuring costs 3,353 554 3,907 Adjustments to prior estimates — — — Cash payments (4,272 ) (396 ) (4,668 ) Balance as of June 30, 2018 $ 511 $ 4,547 $ 5,058

STOCK INCENTIVE PLANS AND STO_2

STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of share-based compensation	The following tables summarize stock-based compensation expense (in thousands): Three months ended June 30, 2019 2018 Stock-based compensation expense: Cost of revenue $ 101 $ 75 Research and development 138 86 Sales and marketing 297 (148 ) General and administrative 451 414 Total stock-based compensation expense $ 987 $ 427 Three months ended June 30, 2019 2018 Stock-based compensation by type of award: Restricted stock $ 711 $ 557 Performance share units 276 (197 ) Stock purchase plan — 107 Stock options — (40 ) Total stock-based compensation expense $ 987 $ 427
Summary of activity relating to performance share	A summary of activity relating to PSUs is as follows (shares in thousands): Shares Weighted-Average Grant Nonvested as of March 31, 2019 770 $ 1.78 Granted 175 $ 1.71 Forfeited (10 ) $ 3.36 Nonvested as of June 30, 2019 935 $ 1.75
Summary of activity relating to restricted stock	A summary of activity relating to RSUs is as follows (shares in thousands): Shares Weighted-Average Grant Nonvested as of March 31, 2019 1,311 $ 3.61 Granted 210 $ 2.45 Vested (6 ) $ 8.76 Forfeited (30 ) $ 7.24 Nonvested as of June 30, 2019 1,485 $ 3.35

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Changes in the Fair value of Level 3 valuation for Warrant liability	The table presented below is a summary of changes in the fair value of the Company’s Level 3 valuations for the warrant liability for the three months ended June 30, 2018 (in thousands): Warrant liability Balance, March 31, 2018 $ 272 Changes in fair value (108 ) Balance, June 30, 2018 $ 164
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The carrying value and fair value of the financial liabilities were primarily comprised of the following as of June 30, 2019 and March 31, 2019 (in thousands): As of June 30, 2019 March 31, 2019 Carrying Fair Value Carrying Fair Value Long term debt: (1) Term loan agreement $ 164,175 $ 156,918 $ 164,588 $ 160,259 Total long-term debt $ 164,175 $ 156,918 $ 164,588 $ 160,259 (1) Fair value based on outstanding borrowings and market interest rates (level 2)

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	3 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of basic and diluted net income (loss) per share	The following table sets forth the computation of basic and diluted net loss per share, as adjusted for the Reverse Stock Split, (in thousands, except per share data): Three Months Ended June 30, 2019 June 30, 2018 Numerator: Net Loss $ (3,807 ) $ (7,485 ) Denominator: Weighted-average shares Basic and d 36,045 35,444 Basic and d net loss per share $ (0.11 ) $ (0.21 )

BALANCE SHEET INFORMATION - Sch

BALANCE SHEET INFORMATION - Schedule of Manufacturing Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Finished goods	$ 13,452	$ 11,505
Work in progress	1,013	107
Raw materials	9,971	6,828
Manufacturing inventories, net	24,436	18,440
Manufactured Finished Goods [Member]
Finished goods	11,138	8,160
Distributor Inventory [Member]
Finished goods	$ 2,314	$ 3,345

BALANCE SHEET INFORMATION - S_2

BALANCE SHEET INFORMATION - Schedule of Service Parts Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Finished goods	$ 14,144	$ 13,437
Component parts	5,019	5,633
Total service inventories	$ 19,163	$ 19,070

BALANCE SHEET INFORMATION - S_3

BALANCE SHEET INFORMATION - Schedule of Other current assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Insurance receivable	$ 8,950	$ 8,950
Prepayments	4,688	3,856
Other current assets	18,305	18,095
Total other current assets	$ 18,305	$ 18,095

BALANCE SHEET INFORMATION - S_4

BALANCE SHEET INFORMATION - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 39,725	$ 39,369
Less: accumulated depreciation	(31,722)	(30,932)
Total property and equipment, net	8,003	8,437
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	30,653	30,306
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,020	2,073
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,052	$ 6,990

BALANCE SHEET INFORMATION - S_5

BALANCE SHEET INFORMATION - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Accrued expenses	$ 6,500	$ 8,925
Accrued settlement	10,452	10,452
Accrued warranty	4,172	3,456
Operating Lease, Liability	9,928
Asset retirement obligation	1,935	1,936
Other accrued liabilities	29,674	29,025
Accrued Liabilities, Current	$ 29,674	$ 29,025

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($) $ in Thousands	Jan. 02, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 27, 2018	Jun. 30, 2018
Restricted cash non current		$ 5,000	$ 5,000		$ 5,000
Senior Secured Term loan
Line of credit facility, maximum borrowing amount				$ 150,000
Debt instrument face amount	$ 15,000
Stated interest rate (as a percent)		12.30%
Amended PNC Credit Facility
Line of credit facility, maximum borrowing amount	$ 45,000
Debt instrument maturity date	Dec. 27, 2023
Stated interest rate (as a percent)		8.50%
Remaining borrowing capacity		$ 24,200
Debt Instrument, Restrictive Covenants		the Company was required to maintain a $5.0 million restricted cash reserve as part of the Amended PNC Credit Facility
Restricted cash non current		$ 5,000

LONG-TERM DEBT - Long- term deb

LONG-TERM DEBT - Long- term debt (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Mar. 31, 2019
Senior Secured Term Loan		$ 164,175	$ 164,588
Less: current portion		(1,650)	(1,650)
Less: unamortized debt issuance costs	[1]	(16,403)	(17,317)
Long-term debt, net		$ 146,122	$ 145,621
[1]	The unamortized debt issuance costs related to the Senior Secured Term Loan are presented as a reduction of the carrying amount of the corresponding debt balance on the accompanying condensed consolidated balance sheets. Unamortized debt issuance costs related to the PNC Credit Facility are presented within other assets on the accompanying condensed consolidated balance sheets.

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2019USD ($)
lease, weighted average remaining lease term	4 years 11 months 15 days
Lease, weighted average discount rate percent	14.06%
Sub lease income year 2020	$ 0.2
Sub lease income year 2021	0.2
Leases not yet commenced amount	$ 0.2
Lease, term of contract	12 months
Maximum [Member]
lease, weighted average remaining lease term	11 years
Minimum [Member]
lease, weighted average remaining lease term	1 year
Vehicle And Office Space Lease Member [Member] | Maximum [Member]
Lease, term of contract	3 years
Vehicle And Office Space Lease Member [Member] | Minimum [Member]
Lease, term of contract	2 years

LEASES - Schedule of Components

LEASES - Schedule of Components of lease cost (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2019USD ($)
Operating lease cost	$ 1,272
Variable lease cost	66
Short-term lease cost	2
Total lease cost	$ 1,340

LEASES - Schedule of Operating

LEASES - Schedule of Operating leases cash flow statement disclosures (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$ 1,304
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$ 13

LEASES - Schedule of Operating

LEASES - Schedule of Operating leases balance sheet disclosures (Details) $ in Thousands	Jun. 30, 2019USD ($)
Operating leases:
Operating lease right-of-use assets	$ 11,928
Operating lease liabilities, current	3,026
Noncurrent operating lease liabilities	9,928
Total operating lease liabilities	$ 9,928

LEASES - Schedule of Lessee Ope

LEASES - Schedule of Lessee Operating Lease Liability Maturity (Details) $ in Thousands	Jun. 30, 2019USD ($)
Nine months ended March 31, 2020	$ 3,342
2021	3,934
2022	3,186
2023	2,193
2024	1,952
Thereafter	3,719
Total minimum lease payments	18,326
Less: Imputed interest	(5,372)
Present value of lease liabilities	$ 9,928

REVENUE - Narrative (Details)

REVENUE - Narrative (Details)	3 Months Ended
	Jun. 30, 2019
Percentage Of Revenue For Which Commitments Are To Be Honoured	70.00%
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	60 months
Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	13 months

REVENUE - Schedule of Revenue D

REVENUE - Schedule of Revenue Disaggregated by Major Product (Details) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Revenues		$ 105,631	$ 107,512
Primary Storage Systems
Revenues		15,545	15,954
Primary Storage Systems | Americas [Member]
Revenues		10,013	9,179
Primary Storage Systems | Europe [Member]
Revenues		4,080	5,315
Primary Storage Systems | Asia Pacific [Member]
Revenues		1,452	1,460
Secondary Storage Systems
Revenues		36,789	33,042
Secondary Storage Systems | Americas [Member]
Revenues		23,697	19,011
Secondary Storage Systems | Europe [Member]
Revenues		9,655	11,008
Secondary Storage Systems | Asia Pacific [Member]
Revenues		3,437	3,023
Device and media
Revenues		13,462	17,873
Device and media | Americas [Member]
Revenues		8,671	10,283
Device and media | Europe [Member]
Revenues		3,533	5,954
Device and media | Asia Pacific [Member]
Revenues		1,258	1,636
Service
Revenues		33,381	33,564
Service | Americas [Member]
Revenues		21,571	21,689
Service | Europe [Member]
Revenues		9,223	9,274
Service | Asia Pacific [Member]
Revenues		2,587	2,601
Royalty
Revenues		6,454	7,079
Royalty | Americas [Member]
Revenues	[1]
Royalty | Europe [Member]
Revenues	[1]
Royalty | Asia Pacific [Member]
Revenues	[1]
[1]	Royalty revenue is not allocable to geographic regions.

REVENUE - Schedule of Certain I

REVENUE - Schedule of Certain Information Relates to Contract Liabilities (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2019USD ($)
Contract liabilities (deferred revenue)	$ 119,977
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$ 28,527

REVENUES - Schedule of Remainin

REVENUES - Schedule of Remaining Performance Obligation (Details) $ in Thousands	Jun. 30, 2019USD ($)
Current	$ 110,561
Non-Current	47,151
Total	$ 157,712

RESTRUCTURING CHARGES - Narrati

RESTRUCTURING CHARGES - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2018USD ($)position
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated | position	65
Severance and benefits | $	$ 3.4

RESTRUCTURING CHARGES - Schedul

RESTRUCTURING CHARGES - Schedule of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Beginning balance	$ 2,876	$ 5,819
Restructuring costs	263	3,907
Adjustments of prior estimates	230	0
Cash payments	(734)	(4,668)
Ending balance	2,405	5,058
Severance and benefits
Restructuring Reserve [Roll Forward]
Beginning balance	0	1,430
Restructuring costs	0	3,353
Adjustments of prior estimates	0	0
Cash payments	0	(4,272)
Ending balance	0	511
Facilities
Restructuring Reserve [Roll Forward]
Beginning balance	2,876	4,389
Restructuring costs	33	554
Adjustments of prior estimates	230	0
Cash payments	(734)	(396)
Ending balance	$ 2,405	$ 4,547

RESTRUCTURING CHARGES - Sched_2

RESTRUCTURING CHARGES - Schedule of Estimated Timing of Future Payouts (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Estimated timing of future payouts	$ 2,405
Fiscal 2020
Restructuring Cost and Reserve [Line Items]
Estimated timing of future payouts	2,405
Fiscal 2021 to 2024
Restructuring Cost and Reserve [Line Items]
Estimated timing of future payouts	0
Facilities
Restructuring Cost and Reserve [Line Items]
Estimated timing of future payouts	2,405
Facilities | Fiscal 2020
Restructuring Cost and Reserve [Line Items]
Estimated timing of future payouts	2,405
Facilities | Fiscal 2021 to 2024
Restructuring Cost and Reserve [Line Items]
Estimated timing of future payouts	$ 0

STOCK INCENTIVE PLANS AND STO_3

STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	0	0
Unrecognized stock-based compensation expense	$ 2,200,000
Unrecognized stock-based compensation expense recognition period	11 months 23 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards released	$ 0	$ 900,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	1 year 3 months 25 days
Options outstanding	1,207
Closing exercise price	$ 5.04
options outstanding intrinsic value	$ 0
Performance RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	175,000	125,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	210,000	169,577
2012 Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares authorized	4,600,000
Shares available for grant	4,300,000
Stock options and restricted shares outstanding	2,400,000
2012 Long-Term Incentive Plan | Sec Approval For Shares To Be Issued Relating To The Grants Approved [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	2,100,000
2012 Long-Term Incentive Plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
2012 Long-Term Incentive Plan | Restricted stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
2012 Long-Term Incentive Plan | Restricted stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Other Stock Incentive Plans | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Contractual term	7 years
Other Stock Incentive Plans | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Contractual term	10 years
Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares authorized	8,900,000
Discount on market price to purchase stock	85.00%
Number of shares purchased	300,000

STOCK INCENTIVE PLANS AND STO_4

STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION - Schedule of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Share-based compensation expense:
Stock-based compensation	$ 987	$ 427
Cost of revenue
Share-based compensation expense:
Stock-based compensation	101	75
Research and development
Share-based compensation expense:
Stock-based compensation	138	86
Sales and marketing
Share-based compensation expense:
Stock-based compensation	297	(148)
General and administrative
Share-based compensation expense:
Stock-based compensation	$ 451	$ 414

STOCK INCENTIVE PLANS AND STO_5

STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION - Schedule of Share-based Compensation by Type of Award (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Share-based compensation by type of award:
Stock-based compensation	$ 987	$ 427
Restricted stock
Share-based compensation by type of award:
Stock-based compensation	711	557
Performance share units
Share-based compensation by type of award:
Stock-based compensation	$ 276	(197)
Stock purchase plan
Share-based compensation by type of award:
Stock-based compensation		107
Stock options
Share-based compensation by type of award:
Stock-based compensation		$ (40)

STOCK INCENTIVE PLANS AND STO_6

STOCK INCENTIVE PLANS AND STOCK-BASED COMPENSATION - Summary of Activity Relating to Restricted Stock Units (Details) shares in Thousands	3 Months Ended
	Jun. 30, 2019$ / sharesshares
Phantom Share Units (PSUs) [Member]
Shares
Nonvested, beginning balance, shares | shares	770
Granted, shares | shares	175
Forfeited (shares) | shares	(10)
Nonvested, ending balance, shares | shares	935
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share) | $ / shares	$ 1.78
Granted (usd per share) | $ / shares	1.71
Forfeited (usd per share) | $ / shares	3.36
Nonvested, ending balance (in dollars per share) | $ / shares	$ 1.75
Restricted Stock Units (RSUs) [Member]
Shares
Nonvested, beginning balance, shares | shares	1,311
Granted, shares | shares	210
Vested (shares) | shares	(6)
Forfeited (shares) | shares	(30)
Nonvested, ending balance, shares | shares	1,485
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share) | $ / shares	$ 3.61
Granted (usd per share) | $ / shares	2.45
Vested (usd per share) | $ / shares	8.76
Forfeited (usd per share) | $ / shares	7.24
Nonvested, ending balance (in dollars per share) | $ / shares	$ 3.35

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule Of Valuations For The Warrant Liability (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2019USD ($)
Fair Value Disclosures [Abstract]
Begining, Balance	$ 272
Changes in fair value	(108)
Ending, Balance	$ 164

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule Of Fair Value Of Financial Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Mar. 31, 2019
Long-term Debt, Unclassified [Abstract]
Long-term Debt		$ 146,122	$ 145,621
Long-term Debt, Fair Value	[1]	156,918	160,259
Term loan
Long-term Debt, Unclassified [Abstract]
Long-term Debt	[1]	164,175	164,588
Long-term Debt, Fair Value	[1]	$ 156,918	$ 160,259
[1]	Fair value based on outstanding borrowings and market interest rates (level 2)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Tax Examination [Line Items]
Federal tax rate	21.00%
Effective Income Tax Rate Reconciliation, Percent	(9.70%)	7.10%
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 117.5
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	99.3
Income Tax Examination, Penalties and Interest Accrued	1
Deferred Tax Asset [Member]
Income Tax Examination [Line Items]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	111.7
Other Noncurrent Liabilities [Member]
Income Tax Examination [Line Items]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 5.8

NET INCOME (LOSS) PER SHARE - N

NET INCOME (LOSS) PER SHARE - Narrative (Details) - shares	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,927,692	1,914,757

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net Loss	$ (3,807)	$ (7,485)
Weighted-average shares
Basic and diluted	36,045	35,444
Basic and diluted net loss per share	$ (0.11)	$ (0.21)

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	Feb. 20, 2019	May 31, 2018	Jun. 30, 2019
Operating Leases [Line Items]
Non-cancelable commitments			$ 23.3
Attorney fees	$ 8.2	$ 0.8
Company Agree to pay plaintiffs	$ 8.2	$ 0.8