Agilysys (AGYS) 10-Q 31 Jul 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2020	Jul. 28, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Registrant Name	AGILYSYS INC
Entity Central Index Key	0000078749
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		23,589,518
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Trading Symbol	AGYS
Title of 12(b) Security	Common Shares, without par value
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	0-5734
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0907152
Entity Address, Address Line One	1000 Windward Concourse
Entity Address, Address Line Two	Suite 250
Entity Address, City or Town	Alpharetta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30005
City Area Code	770
Local Phone Number	810-7800

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020
Current assets:
Cash and cash equivalents	$ 74,604	$ 46,653
Accounts receivable, net of allowance for expected credit losses of $1,458 and for doubtful accounts of $1,634, respectively	30,494	35,869
Contract assets	2,677	2,125
Inventories	2,760	3,887
Prepaid expenses and other current assets	6,407	4,874
Total current assets	116,942	93,408
Property and equipment, net	11,113	12,230
Operating lease right-of-use assets	13,050	13,829
Goodwill	19,622	19,622
Intangible assets, net	8,400	8,400
Deferred income taxes, non-current	852	764
Other non-current assets	6,124	6,309
Total assets	176,103	154,562
Current liabilities:
Accounts payable	4,439	13,403
Contract liabilities	38,149	42,244
Accrued liabilities	8,801	9,033
Operating lease liabilities, current	4,641	4,719
Finance lease obligations, current	24	24
Total current liabilities	56,054	69,423
Deferred income taxes, non-current	884	880
Operating lease liabilities, non-current	9,810	10,617
Finance lease obligations, non-current	20	25
Other non-current liabilities	2,786	1,860
Commitments and contingencies (see Note 8)
Shareholders' equity:
Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 31,606,831 shares issued; and 23,612,924 and 23,609,398 shares outstanding at June 30, 2020 and March 31, 2020, respectively	9,482	9,482
Treasury shares, 7,993,907 and 7,997,433 at June 30, 2020 and March 31, 2020, respectively	(2,399)	(2,401)
Capital in excess of stated value	6,760	5,491
Retained earnings	57,331	58,984
Accumulated other comprehensive income	176	201
Total shareholders' equity	71,350	71,757
Total liabilities and shareholders' equity	176,103	$ 154,562
Series A Convertible Preferred Stock [Member]
Liabilities Noncurrent:
Series A convertible preferred stock, no par value	$ 35,199

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020
Allowance for doubtful accounts receivable	$ 1,458	$ 1,634
Common stock, stated value	$ 0.30	$ 0.30
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	31,606,831	31,606,831
Common stock, shares outstanding	23,612,924	23,609,398
Treasury shares	7,993,907	7,997,433
Series A Convertible Preferred Stock [Member]
Preferred Stock, No Par Value

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Net revenue:
Total net revenue	$ 29,807	$ 38,389
Cost of goods sold:
Total cost of goods sold	11,257	18,375
Gross profit	$ 18,550	$ 20,014
Gross Profit Ratio	62.20%	52.10%
Operating expenses:
Product development	$ 8,266	$ 10,064
Sales and marketing	2,601	4,498
General and administrative	5,719	5,874
Depreciation of fixed assets	723	213
Amortization	461	678
Severance and other charges	1,203	231
Total operating expense	18,973	21,558
Operating loss	(423)	(1,544)
Other (income) expense:
Interest income	(21)	(80)
Interest expense	1	1
Other expense, net	106	85
Loss before taxes	(509)	(1,550)
Income tax expense	8	25
Net loss	(517)	(1,575)
Series A convertible preferred stock issuance costs	(937)
Series A convertible preferred stock dividends	(199)
Net loss available to common shareholders	$ (1,653)	$ (1,575)
Weighted average shares outstanding - basic and diluted	23,405	23,212
Net loss per share - basic and diluted:	$ (0.07)	$ (0.07)
Products
Net revenue:
Total net revenue	$ 5,239	$ 10,869
Cost of goods sold:
Total cost of goods sold	3,015	8,623
Support, maintenance and subscription services
Net revenue:
Total net revenue	20,497	20,082
Cost of goods sold:
Total cost of goods sold	4,306	4,181
Professional services
Net revenue:
Total net revenue	4,071	7,438
Cost of goods sold:
Total cost of goods sold	$ 3,936	$ 5,571

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ (517)	$ (1,575)
Other comprehensive loss, net of tax:
Unrealized foreign currency translation adjustments	(25)	(95)
Total comprehensive loss	$ (542)	$ (1,670)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net loss	$ (517)	$ (1,575)
Adjustments to reconcile loss from operations to net cash used in operating activities
Depreciation	723	213
Amortization of intangibles	461	678
Amortization of developed technology		3,175
Deferred income taxes	(84)	5
Share-based compensation	1,426	482
Changes in operating assets and liabilities	(6,938)	(4,891)
Net cash used in operating activities	(4,929)	(1,913)
Investing activities
Capital expenditures	(243)	(571)
Additional investments in corporate-owned life insurance policies	(2)	(2)
Net cash used in investing activities	(245)	(573)
Financing activities
Repurchase of common shares to satisfy employee tax withholding	(934)	(1,026)
Series A convertible preferred stock issuance proceeds, net of issuance costs	34,063
Principal payments under long-term obligations	(6)	(2)
Net cash provided by (used in) financing activities	33,123	(1,028)
Effect of exchange rate changes on cash	2	(24)
Net increase (decrease) in cash and cash equivalents	27,951	(3,538)
Cash and cash equivalents at beginning of period	46,653	40,771
Cash and cash equivalents at end of period	$ 74,604	$ 37,233

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Common stock [Member]	Treasury stock [Member]	Capital in excess of stated value [Member]	Retained Earnings [Member]	Accumulated other comprehensive income (loss) [Member]
Beginning balance at Mar. 31, 2019	$ 100,622	$ 9,482	$ (2,433)	$ 781	$ 93,051	$ (259)
Beginning balance (in shares) at Mar. 31, 2019		31,607	(8,105)
Share-based compensation	1,067			1,067
Restricted shares issued, net			$ 51	(51)
Restricted shares issued, net (in shares)			168
Shares issued upon exercise of SSARs			$ 4	(4)
Shares issued upon exercise of SSARs (in shares)			14
Shares withheld for taxes upon exercise of stock options, SSARs or vesting of restricted shares	(96)		$ (1)	(95)
Shares withheld for taxes upon exercise of stock options, SSARs or vesting of restricted shares (in shares)			(4)
Net loss	(1,575)				(1,575)
Unrealized translation adjustments	(95)					(95)
Ending balance at Jun. 30, 2019	99,923	$ 9,482	$ (2,379)	1,698	91,476	(354)
Ending balance (in shares) at Jun. 30, 2019		31,607	(7,927)
Beginning balance at Mar. 31, 2020	71,757	$ 9,482	$ (2,401)	5,491	58,984	201
Beginning balance (in shares) at Mar. 31, 2020		31,607	(7,997)
Share-based compensation	1,426			1,426
Restricted shares issued, net			$ (4)	4
Restricted shares issued, net (in shares)			(14)
Shares issued upon exercise of SSARs			$ 8	(8)
Shares issued upon exercise of SSARs (in shares)			25
Shares withheld for taxes upon exercise of stock options, SSARs or vesting of restricted shares	(155)		$ (2)	(153)
Shares withheld for taxes upon exercise of stock options, SSARs or vesting of restricted shares (in shares)			(8)
Net loss	(517)				(517)
Series A convertible preferred stock issuance costs	(937)				(937)
Series A convertible preferred stock dividends	(199)				(199)
Unrealized translation adjustments	(25)					(25)
Ending balance at Jun. 30, 2020	$ 71,350	$ 9,482	$ (2,399)	$ 6,760	$ 57,331	$ 176
Ending balance (in shares) at Jun. 30, 2020		31,607	(7,994)

Nature of Operations and Financ

Nature of Operations and Financial Statement Presentation	3 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Operations and Financial Statement Presentation	1. Nature of Operations and Financial Statement Presentation Nature of Operations Agilysys has been a leader in hospitality software for more than 40 years, delivering innovative guest-centric technology solutions for gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadia, airport foodservice and healthcare. Agilysys offers the most comprehensive solutions in the industry, including point of sale (POS), property management systems (PMS), inventory and procurement, payments, and related applications, to manage the entire guest journey. The Company has just one reportable segment serving the global hospitality industry. Agilysys operates across North America, Europe, Asia-Pacific, and India with headquarters located in Alpharetta, GA. COVID-19 Pandemic On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a global pandemic. The outbreak has reached all geographic regions in which we do business, and government authorities around the world have implemented extensive measures attempting to contain the spread and mitigate the effects of the virus, including travel bans and restrictions, border closings, quarantines, shelter-in-place orders, closures of non-essential businesses, and social distancing requirements. The global spread of COVID-19 and the actions taken in response have negatively impacted us, our customers, our suppliers and the many communities in which we do business. The overall extent and duration of economic and business disruption is not currently known. In response to these challenges, we quickly adjusted our business policies and practices for employees to work from home and have taken other measures to continue our operations with safety as our priority. We continuously monitor and assess the impact of the COVID-19 pandemic, including recommendations and orders from government and public health authorities. We are working to help our customers maintain their operations during this difficult time while managing our teams to be prepared for continuously changing demand for our products and services. See Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Overview— Recent Developments” of this report for a more detailed discussion of the impact of COVID-19 on our business. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements include our accounts consolidated with our wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Our fiscal year ends on March 31st. References to a particular year refer to the fiscal year ending in March of that year. For example, fiscal 2021 refers to the fiscal year ending March 31, 2021. Our unaudited interim financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information, the instructions to the Quarterly Report on Form 10-Q (Quarterly Report) under the Securities Exchange Act of 1934, as amended (the Exchange Act), and Rule 10-01 of Regulation S-X under the Exchange Act. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations relating to interim financial statements. The Condensed Consolidated Balance Sheet as of June 30, 2020, as well as the Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Loss, Condensed Consolidated Statements of Cash Flows and Condensed Consolidated Statements of Shareholders’ Equity for the three months ended June 30, 2020 and 2019, are unaudited. However, these financial statements have been prepared on the same basis as those in the audited annual financial statements, except for the recently adopted accounting pronouncements described below. In the opinion of management, all adjustments of a recurring nature necessary to fairly state the results of operations, financial position, and cash flows have been made. These unaudited interim financial statements should be read together with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended March 31, 2020, filed with the Securities and Exchange Commission (SEC) on May 22, 2020. Use of estimates Preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. Considering the currently unknown extent and duration of the COVID-19 pandemic, we face a greater degree of uncertainty than normal in making the judgments and estimates needed to apply to certain of our significant accounting policies. We assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to us and the unknown future impacts COVID-19 as of June 30, 2020 and through the date of this report. These estimates may change, as new events occur and additional information is obtained. Actual results could differ materially from these estimates under different assumptions or conditions.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies A detailed description of our significant accounting policies can be found in the audited financial statements for the fiscal year ended March 31, 2020, included in our Annual Report on Form 10-K. We describe our accounting policy for Series A convertible preferred stock further below. There have been no other material changes to our significant accounting policies from those disclosed therein. Adopted and Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-1 5, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. 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 January 2017, the FASB issued ASU No. 2017-04, Intangibles- Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) – Measurement of Credit Losses on Financial Instruments

Revenue Recognition

Revenue Recognition	3 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue Recognition	3. Revenue Recognition Our customary business practice is to enter into legally enforceable written contracts with our customers. The majority of our contracts are governed by a master agreement between us and the customer, which sets forth the general terms and conditions of any individual contract between the parties, which is then supplemented by a customer purchase order to specify the different goods and services, the associated prices, and any additional terms for an individual contract. Performance obligations specific to each individual contract are defined within the terms of each purchase order. Each performance obligation is identified based on the goods and services that will be transferred to our customer that are both capable of being distinct and are distinct within the context of the contract. The transaction price is determined based on the consideration to which we will be entitled and expect to receive in exchange for transferring goods or services to the customer. Typically, our contracts do not provide our customer with any right of return or refund; we do not constrain the contract price as it is probable that there will not be a significant revenue reversal due to a return or refund. Typically, our customer contracts contain one or more of the following goods or services which constitute performance obligations. Our software licenses typically provide for a perpetual right to use our software. Generally, our contracts do not provide significant services of integration, and customization and installation services are not required to be purchased directly from us. The software is delivered before related services are provided and is functional without professional services, updates and technical support. We have concluded that the software license is distinct as the customer can benefit from the software on its own. Software revenue is typically recognized when the software is delivered or made available for download to the customer. Revenue for hardware sales is recognized when the product is shipped to the customer and when obligations that affect the customer's final acceptance of the arrangement have been fulfilled. Hardware is purchased from suppliers and provided to the end-user customers via drop-ship or from inventory. We are responsible for negotiating price both with the supplier and the customer, payment to the supplier, establishing payment terms and product returns with the customer, and we bear the credit risk if the customer does not pay for the goods. As the principal contact with the customer, we recognize revenue and cost of goods sold when we are notified by the supplier that the product has been shipped. In certain limited instances, as shipping terms dictate, revenue is recognized upon receipt at the point of destination or upon installation at the customer site. Support and maintenance revenue is derived from providing telephone and on-line technical support services, bug fixes, and unspecified software updates and upgrades to customers on a when-and-if-available basis. These services represent a stand-ready obligation that is concurrently delivered and has the same pattern of transfer to the customer; we account for these support and maintenance services as a single performance obligation recognized over the term of the maintenance agreement. Our subscription service revenue is comprised of fees for contracts that provide customers a right to access our software for a subscribed period. We do not provide the customer the contractual right to license the software at any time outside of the subscription period under these contracts. The customer can only benefit from the software and software maintenance when provided the right to access the software. Accordingly, each of the rights to access the software, the maintenance services, and any hosting services is not considered a distinct performance obligation in the context of the contract and should be combined into a single performance obligation to be recognized over the contract period. The Company recognizes subscription revenue over a one-month period based on the typical monthly invoicing and renewal cycle in accordance with our customer agreement terms. Professional services revenues primarily consist of fees for consulting, installation, integration and training and are generally recognized over time as the customer simultaneously receives and consumes the benefits of the professional services as the services are being performed. Professional services can be provided by internal or external providers, do not significantly affect the customer's ability to access or use other provided goods or services, and provide a measure of benefit beyond that of other promised goods or services in the contract. As a result, professional services are considered distinct in the context of the contract and represent a separate performance obligation. Professional services that are billed on a time and materials basis are recognized over time as the services are performed. For contracts billed on a fixed price basis, revenue is recognized over time using an input method based on labor hours expended to date relative to the total labor hours expected to be required to satisfy the related performance obligation. We use the market approach to drive standalone selling price ("SSP") by maximizing observable data points (in the form of recently executed customer contracts) to determine the price customers are willing to pay for the goods and services transferred. If the contract contains a single performance obligation, the entire transaction price is allocated to that performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative SSP basis. Shipping and handling fees billed to customers are recognized as revenue and the related costs are recognized in cost of goods sold. Revenue is recorded net of any applicable taxes collected and remitted to governmental agencies. Disaggregation of Revenue We derive and report our revenue from the sale of products (software licenses, third party hardware and operating systems), support, maintenance and subscription services and professional services. Revenue recognized at a point in time (products) totaled $5.2 million and $10.9 million, and over time (support, maintenance and subscription services and professional services) totaled $24.6 million and $27.5 million for the three months ended June 30, 2020 and 2019, respectively. Contract Balances Contract assets are rights to consideration in exchange for goods or services that we have transferred to a customer when that right is conditional on something other than the passage of time. The majority of our contract assets represent unbilled amounts related to professional services. We expect billing and collection of our contract assets to occur within the next twelve months. We receive payments from customers based upon contractual billing schedules and accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities represent consideration received or consideration which is unconditionally due from customers prior to transferring goods or services to the customer under the terms of the contract. Revenue recognized from amounts included in contract liabilities at the beginning of the period was $17.5 million and $15.6 million for the three months ended June 30, 2020 and 2019, respectively. Because the right to the transaction became unconditional, we transferred to accounts receivable from contract assets at the beginning of the period, $ 1.4 million and $ 2.0 million for the three months ended June 3 0 , 20 20 and 201 9 , respectively . Our arrangements are for a period of one year or less. As a result, unsatisfied performance obligations as of June 30, 2020 are expected to be satisfied and the allocated transaction price recognized in revenue within a period of 12 months or less. Assets Recognized from Costs to Obtain a Contract Sales commission expenses that would not have occurred absent the customer contracts are considered incremental costs to obtain a contract. We have elected to take the practical expedient available to expense the incremental costs to obtain a contract as incurred when the expected benefit and amortization period is one year or less. For subscription contracts that are renewed monthly based on an agreement term, we capitalize commission expenses and amortize as we satisfy the underlying performance obligations, generally based on the contract terms and anticipated renewals. Other sales commission expenses have a period of benefit of one year or less and are therefore expensed as incurred in line with the practical expedient elected. We had $3.2 million and $3.3 million of capitalized sales incentive costs as of June 30, 2020 and 2019, respectively. These balances are included in other non-current assets on our condensed consolidated balance sheets. During the three months ended June 30, 2020 and 2019, we expensed $0.6 million and $1.0 million, respectively, of sales commissions, which included amortization of capitalized amounts of $0.4 million and $0.3 million, respectively. These expenses are included in operating expenses – sales and marketing in our condensed consolidated statement of operations. All other costs to obtain a contract are not considered incremental and therefore are expensed as incurred.

Intangible Assets and Software

Intangible Assets and Software Development Costs	3 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets and Software Development Costs	4. Intangible Assets and Software Development Costs The following table summarizes our intangible assets and software development costs: June 30 and March 31, 2020 Gross Net carrying Accumulated carrying (In thousands) amount amortization Impairment amount Amortized intangible assets: Customer relationships $ 10,775 $ (10,775 ) $ — $ — Non-competition agreements 2,700 (2,700 ) — — Developed technology 10,398 (10,398 ) — — Trade names 230 (230 ) — — Patented technology 80 (80 ) — — 24,183 (24,183 ) — — Trade names 8,400 N/A — 8,400 Total intangible assets $ 32,583 $ (24,183 ) $ — $ 8,400 (In thousands) Total software development costs $ 67,541 $ (45,535 ) $ (22,006 ) $ — As of March 31, 2020, management determined the net realizable value of the remaining capitalized software development costs for certain solutions within out rGuest suite of products no longer exceeded their carrying value, and as a result, recorded non-cash impairment charges of $22.0 million for the year ended March 31, 2020. The impact of the COVID-19 pandemic on the hospitality industry resulted in economic conditions that made it difficult to project future sales and revenue accurately for the related rGuest solutions. After evaluating the Company’s strategy for market development and continued costs to support the software, an impairment charge was required. The amount of impairment recognized during the year ended March 31, 2020 reduced the carry value of capitalized software development costs to zero with no remaining amortization expense to be recognized in future periods. Amortization expense for software development costs related to assets to be sold, leased, or otherwise marketed was $3.2 million for the three months ended June 30, 2019. These charges are included as costs of goods sold - products in our condensed consolidated statements of operations.

Additional Balance Sheet Inform

Additional Balance Sheet Information	3 Months Ended
	Jun. 30, 2020
Balance Sheet Related Disclosures [Abstract]
Additional Balance Sheet Information	5. Additional Balance Sheet Information Additional information related to the condensed consolidated balance sheets is as follows: June 30, 2020 March 31, 2020 Accrued liabilities: Salaries, wages, and related benefits $ 6,811 $ 6,945 Other taxes payable 1,512 1,649 Severance liabilities 103 32 Professional fees 104 50 Other 271 357 Total $ 8,801 $ 9,033 Other non-current liabilities: Uncertain tax positions $ 1,110 $ 1,103 Asset retirement obligations 170 170 Employee benefit obligations 1,429 511 Other 77 76 Total $ 2,786 $ 1,860

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	3 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	6. Supplemental Disclosures of Cash Flow Information A dditional information related to the consolidated statements of cash flows is as follows Three Months Ended June 30, (In thousands) 2020 2019 Cash (receipts) for interest, net (20 ) (79 ) Cash payments for income tax, net 134 73 Cash payments for operating leases 1,642 1,014 Cash payments for finance leases 8 8 Accrued capital expenditures 19 51

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes The following table compares our income tax expense and effective tax rates for the three months ended June 30, 2020 and 2019: Three Months Ended June 30, (Dollars in thousands) 2020 2019 Income tax expense $ 8 $ 25 Effective tax rate (1.6 )% (1.6 )% For the three months ended June 30, 2020 and 2019, the effective tax rate was different than the statutory rate due primarily to the recognition of net operating losses as deferred tax assets in the U.S. and certain foreign jurisdictions, which were offset by increases in the valuation allowance, certain foreign and state tax effects and other U.S. permanent book to tax differences. Because of our losses in prior periods, we have recorded a valuation allowance offsetting substantially all of our deferred tax assets in the U.S. and certain foreign jurisdictions, as management believes that it is more likely than not that we will not realize the benefits of these deductible differences. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which those temporary differences are deductible.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Agilysys is the subject of various threatened or pending legal actions and contingencies in the normal course of conducting its business. We provide for costs related to these matters when a loss is probable, and the amount can be reasonably estimated. The effect of the outcome of these matters on our future results of operations and liquidity cannot be predicted because any such effect depends on future results of operations and the amount or timing of the resolution of such matters. While it is not possible to predict with certainty, management believes that the ultimate resolution of such individual or aggregated matters will not have a material adverse effect on our consolidated financial position, results of operations, or cash flows. On April 6, 2012, Ameranth, Inc. filed a complaint against us in the U.S. District Court of Southern District of California alleging that certain of our products infringe patents owned by Ameranth directed to configuring and transmitting hospitality menus (e.g. restaurant menus) for display on electronic devices and synchronizing the menu content between the devices. The case against us was consolidated with similar cases brought by Ameranth against more than 30 other defendants. All but one of the patents at issue in the case were invalidated by the U.S. Court of Appeals for the Federal Circuit in 2016. In September 2018, the District Court found the one surviving Ameranth patent invalid and granted summary judgment in favor of the movant co-defendants. In November 2019, the U.S. Court of Appeals for the Federal Circuit affirmed the lower court’s summary judgement with respect to all claims except for two, which were not asserted against Agilysys. In early 2020, the Court of Appeals also denied Ameranth’s request for rehearing. Finally, Ameranth filed for writ of certiorari to the United States Supreme Court. The Supreme Court has not yet responded to the writ. We were not a party to the appeal, and it is currently unclear what impact the summary judgement ruling or writ of certiorari may have on our case. Ameranth seeks monetary damages, injunctive relief, costs and attorneys' fees from us. At this time, we are not able to predict the outcome of this lawsuit. However, we dispute the allegations of wrongdoing and are vigorously defending ourselves in this matter.

Loss Per Share

Loss Per Share	3 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Loss Per Share	9. Loss per Share The following data shows the amounts used in computing (loss) per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares. Three Months Ended June 30, (In thousands, except per share data) 2020 2019 Numerator: Net loss $ (517 ) $ (1,575 ) Series A convertible preferred stock issuance costs (937 ) — Series A convertible preferred stock dividends (199 ) — Net loss available to common shareholders $ (1,653 ) $ (1,575 ) Denominator: Weighted average shares outstanding - basic and diluted 23,405 23,212 Loss per share - basic and diluted: Loss per share $ (0.07 ) $ (0.07 ) Anti-dilutive stock options, SSARs, restricted shares, performance shares and preferred shares 3,560 1,273 Basic loss per share is computed as net income available to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 194,587 and 445,829 of restricted shares at June 30, 2020 and 2019, respectively, as these shares were issued but were not vested and therefore, not considered outstanding for purposes of computing basic loss per share at the balance sheet dates. Diluted loss per share includes the effect of all potentially dilutive securities on earnings per share. We have stock options, stock-settled appreciation rights ("SSARs"), unvested restricted shares and unvested performance shares that are potentially dilutive securities. When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive. Therefore, for all periods presented, basic weighted average shares outstanding were used in calculating the diluted net loss per share.

Share-based Compensation

Share-based Compensation	3 Months Ended
	Jun. 30, 2020
Share Based Compensation [Abstract]
Share-based Compensation	10. Share-based Compensation We may grant non-qualified stock options, incentive stock options, SSARs, restricted shares, and restricted share units under our shareholder-approved 2016 Stock Incentive Plan ("2016 Plan") for up to 2.0 million common shares, plus 957,575 common shares, the number of shares that were remaining for grant under the 2011 Stock Incentive Plan ("2011 Plan") as of the effective date of the 2016 Plan, plus the number of shares remaining for grant under the 2011 Plan that are forfeited, settled in cash, canceled or expired. The maximum aggregate number of restricted shares or restricted share units that may be granted under the 2016 Plan is 1.25 million. We may distribute authorized but unissued shares or treasury shares to satisfy share option and appreciation right exercises or restricted share and performance share awards. We record compensation expense related to stock options, SSARs, restricted shares, and performance shares granted to certain employees and non-employee directors based on the fair value of the awards on the grant date. The fair value of restricted share and performance share awards is based on the closing price of our common shares on the grant date. The fair value of stock option and SSARs awards is estimated on the grant date using the Black-Scholes-Merton option pricing model, which includes assumptions regarding the risk-free interest rate, dividend yield, life of the award, and the volatility of our common shares. During fiscal year 2020, we issued 125,000 SSAR awards which are subject to a market condition. The fair value of these awards is estimated using the Lattice option pricing model which utilizes a binary tree and includes multiple assumptions which include volatility and life of the award to determine an appropriate fair value based on the award grant date. The following table summarizes the share-based compensation expense for options, SSARs, restricted and performance awards included in the condensed consolidated statements of operations: Three Months Ended June 30, (In thousands) 2020 2019 Product development $ 172 $ 268 Sales and marketing 36 62 General and administrative 1,218 152 Total share-based compensation expense $ 1,426 $ 482 Stock-Settled Appreciation Rights SSARs are rights granted to an employee to receive value equal to the difference in the price of our common shares on the date of the grant and on the date of exercise. This value is settled in common shares of Agilysys, Inc. The following table summarizes the activity during the three months ended June 30, 2020 for SSARs awarded under the 2011 and 2016 Plans: Number of Rights Weighted-Average Exercise Price Remaining Contractual Term Aggregate Intrinsic Value (In thousands, except share and per share data) (per right) (in years) Outstanding at April 1, 2020 1,644,888 $ 21.07 Exercised (56,226 ) 11.16 Forfeited (11,276 ) 18.71 Expired (88 ) 14.22 Outstanding at June 30, 2020 1,577,298 $ 21.44 4.7 $ 6,028 Exercisable at June 30, 2020 942,608 $ 12.87 3.8 $ 5,887 Vested and expected to vest at June 30, 2020 1,577,298 $ 21.44 4.7 $ 6,028 As of June 30, 2020, total unrecognized share-based compensation expense related to non-vested SSARs was $4.3 million, which is expected to be recognized over a weighted-average vesting period of 2.1 years. Restricted Shares We granted shares to certain of our Directors, executives and key employees, the vesting of which is service-based. The following table summarizes the activity during the three months ended June 30, 2020 for restricted shares awarded under the 2011 and 2016 Plans: Number of Shares Weighted-Average Grant-Date Fair Value (In thousands, except share and per share data) (per share) Outstanding at April 1, 2020 178,462 $ 19.89 Forfeited (13,995 ) 18.84 Outstanding at June 30, 2020 164,467 $ 19.98 The weighted-average grant date fair value of the restricted shares is determined based upon the closing price of our common shares on the grant date. As of June 30, 2020, total unrecognized share-based compensation expense related to Performance Shares We awarded certain restricted shares to our Chief Executive Officer, the vesting of which is performance based. The number of shares that vest will be based on relative attainment of a performance metric and any unvested shares will forfeit upon settlement of the bonus. The following table summarizes the activity during the three months ended June 30, 2020 for the performance shares awarded under the 2016 Plan: (In thousands, except share and per share data) Number of Shares Outstanding at April 1, 2020 30,120 Granted — Vested — Forfeited — Outstanding at June 30, 2020 30,120 Based on the performance goals, the Compensation Committee of the board of directors awarded 6,714 of the original 30,120 shares having a value of $0.1 million based on the closing price of the Company’s common stock on July 16, 2020, the date that the Committee made its determination. The remaining 23,406 shares subject to the original annual incentive grant were forfeited and can never be earned by our Chief Executive Officer.

Preferred Stock

Preferred Stock	3 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Preferred Stock	11. Preferred Stock Series A Convertible Preferred Stock On May 22, 2020, we completed the sale of 1,735,457 shares of our preferred stock, without par value, designated as “Series A Convertible Preferred Stock” (the “Convertible Preferred Stock”) to MAK Capital Fund L.P. and MAK Capital Distressed Debt Fund I, LP (the “Holders”) each, in its capacity as a designee of MAK Capital One LLC (the “Purchaser”), pursuant to the terms of the Investment Agreement, dated as of May 11, 2020, between the Company and the Purchaser, for an aggregate purchase price of $35 million. We incurred issuance costs of $0.9 million. We added all issuance costs that were netted against the proceeds upon issuance of the Convertible Preferred Stock to its redemption value. As disclosed in our Annual Report for the fiscal year ended March 31, 2020, Michael Kaufman, the Chairman of the Company’s Board of Directors, is the Chief Executive Officer of MAK Capital One LLC. Accounting Policy We classify convertible preferred stock as temporary equity in the condensed consolidated balance sheets due to certain contingent redemption clauses that are at the election of the Holders. We increase the carrying value of the convertible preferred stock to its redemption value (described below) for all undeclared dividends using the interest method. The Convertible Preferred Stock has the following rights, preferences and restrictions (the Certificate of Amendment included as Exhibit 3.1 to our Current Report on Form 8-K, filed on May 26, 2020, defines all terms not otherwise defined below): Voting The Holders will be entitled to one vote for each share of Convertible Preferred Stock upon all matters presented to the common shareholders of the Company, and except as otherwise provided by the Amended Articles of Incorporation of the Company or required by law, the Holders and common shareholders will vote together as one class on all matters. Additionally, certain matters specific to the Convertible Preferred Stock will require the approval of two-thirds of the outstanding Convertible Preferred Stock, voting as a separate class. Liquidation Preference Upon a liquidation, dissolution or winding up of the Company, each share of Convertible Preferred Stock will be entitled to receive an amount per share equal to the greater of (i) the purchase price paid by the Purchaser, plus all accrued and unpaid dividends (the “Liquidation Preference”) and (ii) the amount that the Holder would have been entitled to receive at such time if the Convertible Preferred Stock were converted into common stock. Redemption On and after the fifth anniversary of the date the Convertible Preferred Stock is initially issued, the Company will have the right, and the Holders will have the right to require the Company, in each case, at the initiating party’s election, to redeem all, but not less than all, of the then-outstanding Convertible Preferred Stock for an amount equal to the Liquidation Preference. Conversion Each Holder will have the right, at its option, to convert its Convertible Preferred Stock, in whole or in part, into fully paid and non-assessable shares of common stock at a conversion price equal to $20.1676 per share (as may be adjusted from time to time, as described in the Certificate of Amendment). Subject to certain conditions, the Company may, at its option, require conversion of all of the outstanding shares of Convertible Preferred Stock to common stock if, at any time after November 22, 2023, the daily volume-weighted average price of the Company’s common stock is at least 150% of the conversion price for at least 20 trading days during the 30 consecutive trading days immediately preceding the date the Company notifies the Holders of the election to convert. Dividends The Holders are entitled to dividends on the Liquidation Preference at the rate of 5.25% per annum, payable semi-annually either (i) 50% in cash and 50% in kind as an increase in the then-current Liquidation Preference or (ii) 100% in cash, at the option of the Company. The Holders are not entitled to participate The Convertible Preferred Stock ranks senior to the Company’s common stock with respect to dividends and distributions on liquidation, winding-up and dissolution. Upon a liquidation, dissolution or winding up of the Company, each share of Convertible Preferred Stock will be entitled to receive an amount per share equal to the greater of (i) the Liquidation Preference and (ii) the amount that the Holder would have been entitled to receive at such time if the Convertible Preferred Stock were converted into common stock. Change in Control Events Upon certain change of control events involving the Company, the Company has the right, and each Holder has the right, in each case, at the initiating party’s election, to require the Company to repurchase all or a portion of its then-outstanding shares of Convertible Preferred Stock for cash consideration equal to (i) 150% of the then-current Liquidation Preference for a change of control occurring prior to the third anniversary of the date the Convertible Preferred Stock is initially issued, (ii) 125% of the then-current Liquidation Preference for a change of control occurring on or following the third anniversary and prior to the fifth anniversary of the date the Convertible Preferred Stock is initially issued and (iii) 100% of the then-current Liquidation Preference for a change of control occurring on or following the fifth anniversary of the date the Convertible Preferred Stock is initially issued. Standstill Restrictions The Purchaser and its affiliates are subject to certain customary standstill provisions that restrict them from, among other actions, acquiring additional securities of the Company if such acquisition would result in the Purchaser beneficially owning in excess of 25% of the outstanding shares of common stock of the Company until the later of the third anniversary of the date the Convertible Preferred Stock is initially issued and the date on which the Purchaser no longer has record or beneficial ownership of common stock and Convertible Preferred Stock that constitute at least 10% of the outstanding common stock.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Adopted and Recently Issued Accounting Pronouncements	Adopted and Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-1 5, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. 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 January 2017, the FASB issued ASU No. 2017-04, Intangibles- Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) – Measurement of Credit Losses on Financial Instruments

Intangible Assets and Softwar_2

Intangible Assets and Software Development Costs (Tables)	3 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	The following table summarizes our intangible assets and software development costs: June 30 and March 31, 2020 Gross Net carrying Accumulated carrying (In thousands) amount amortization Impairment amount Amortized intangible assets: Customer relationships $ 10,775 $ (10,775 ) $ — $ — Non-competition agreements 2,700 (2,700 ) — — Developed technology 10,398 (10,398 ) — — Trade names 230 (230 ) — — Patented technology 80 (80 ) — — 24,183 (24,183 ) — — Trade names 8,400 N/A — 8,400 Total intangible assets $ 32,583 $ (24,183 ) $ — $ 8,400 (In thousands) Total software development costs $ 67,541 $ (45,535 ) $ (22,006 ) $ —

Additional Balance Sheet Info_2

Additional Balance Sheet Information (Tables)	3 Months Ended
	Jun. 30, 2020
Balance Sheet Related Disclosures [Abstract]
Schedule of Additional information related to the Condensed Consolidated Balance Sheets	Additional information related to the condensed consolidated balance sheets is as follows: June 30, 2020 March 31, 2020 Accrued liabilities: Salaries, wages, and related benefits $ 6,811 $ 6,945 Other taxes payable 1,512 1,649 Severance liabilities 103 32 Professional fees 104 50 Other 271 357 Total $ 8,801 $ 9,033 Other non-current liabilities: Uncertain tax positions $ 1,110 $ 1,103 Asset retirement obligations 170 170 Employee benefit obligations 1,429 511 Other 77 76 Total $ 2,786 $ 1,860

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information (Tables)	3 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow information	A dditional information related to the consolidated statements of cash flows is as follows Three Months Ended June 30, (In thousands) 2020 2019 Cash (receipts) for interest, net (20 ) (79 ) Cash payments for income tax, net 134 73 Cash payments for operating leases 1,642 1,014 Cash payments for finance leases 8 8 Accrued capital expenditures 19 51

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Effective tax rates from continuing operations	The following table compares our income tax expense and effective tax rates for the three months ended June 30, 2020 and 2019: Three Months Ended June 30, (Dollars in thousands) 2020 2019 Income tax expense $ 8 $ 25 Effective tax rate (1.6 )% (1.6 )%

Loss per Share (Tables)

Loss per Share (Tables)	3 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of amounts used in computing loss per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares	The following data shows the amounts used in computing (loss) per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares. Three Months Ended June 30, (In thousands, except per share data) 2020 2019 Numerator: Net loss $ (517 ) $ (1,575 ) Series A convertible preferred stock issuance costs (937 ) — Series A convertible preferred stock dividends (199 ) — Net loss available to common shareholders $ (1,653 ) $ (1,575 ) Denominator: Weighted average shares outstanding - basic and diluted 23,405 23,212 Loss per share - basic and diluted: Loss per share $ (0.07 ) $ (0.07 ) Anti-dilutive stock options, SSARs, restricted shares, performance shares and preferred shares 3,560 1,273

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
	Jun. 30, 2020
Share Based Compensation [Abstract]
Summary of share-based compensation expense for options	The following table summarizes the share-based compensation expense for options, SSARs, restricted and performance awards included in the condensed consolidated statements of operations: Three Months Ended June 30, (In thousands) 2020 2019 Product development $ 172 $ 268 Sales and marketing 36 62 General and administrative 1,218 152 Total share-based compensation expense $ 1,426 $ 482
Activity related SSARs award	The following table summarizes the activity during the three months ended June 30, 2020 for SSARs awarded under the 2011 and 2016 Plans: Number of Rights Weighted-Average Exercise Price Remaining Contractual Term Aggregate Intrinsic Value (In thousands, except share and per share data) (per right) (in years) Outstanding at April 1, 2020 1,644,888 $ 21.07 Exercised (56,226 ) 11.16 Forfeited (11,276 ) 18.71 Expired (88 ) 14.22 Outstanding at June 30, 2020 1,577,298 $ 21.44 4.7 $ 6,028 Exercisable at June 30, 2020 942,608 $ 12.87 3.8 $ 5,887 Vested and expected to vest at June 30, 2020 1,577,298 $ 21.44 4.7 $ 6,028
Activity related to restricted shares awarded by the Company	The following table summarizes the activity during the three months ended June 30, 2020 for restricted shares awarded under the 2011 and 2016 Plans: Number of Shares Weighted-Average Grant-Date Fair Value (In thousands, except share and per share data) (per share) Outstanding at April 1, 2020 178,462 $ 19.89 Forfeited (13,995 ) 18.84 Outstanding at June 30, 2020 164,467 $ 19.98
Performance shares awarded	The following table summarizes the activity during the three months ended June 30, 2020 for the performance shares awarded under the 2016 Plan: (In thousands, except share and per share data) Number of Shares Outstanding at April 1, 2020 30,120 Granted — Vested — Forfeited — Outstanding at June 30, 2020 30,120

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total net revenue	$ 29,807	$ 38,389
Revenue recognized	17,500	15,600
Transfers to accounts receivable	1,400	2,000
Capitalized contract cost, net	3,200	3,300
Capitalized Contract Cost, Amortization	400	300
Sales Commissions and Fees	600	1,000
Products
Disaggregation of Revenue [Line Items]
Total net revenue	5,239	10,869
Support, Maintenance, Subscription Services, And Professional Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	$ 24,600	$ 27,500

Intangible Assets and Softwar_3

Intangible Assets and Software Development Costs - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020
Schedule Of Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount, excluding accumulated impairment	$ 0	$ 0
Accumulated amortization, excluding accumulated impairment	0	0
Accumulated impairment	0	0
Net carrying amount, excluding accumulated impairment	0	0
Gross carrying amount	24,183	24,183
Accumulated amortization	(24,183)	(24,183)
Impairment	0	0
Net carrying amount	0	0
Total intangible assets, gross carrying amount	32,583	32,583
Total intangible assets, accumulated amortization	(24,183)	(24,183)
Total intangible assets, impairment	0	0
Intangible assets, net	8,400	8,400
Finite lived software development costs gross	67,541	67,541
Finite lived software development costs accumulated amortization	(45,535)	(45,535)
Finite lived software development costs accumulated impairment	(22,006)	(22,006)
Finite lived software development costs net	0	0
Trade Names
Schedule Of Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount, excluding accumulated impairment	230	230
Accumulated amortization, excluding accumulated impairment	(230)	(230)
Accumulated impairment	0	0
Net carrying amount, excluding accumulated impairment	0	0
Gross carrying amount, excluding accumulated impairment	8,400	8,400
Accumulated amortization, excluding accumulated impairment	0	0
Accumulated impairment excluding goodwill	0	0
Carrying amount, excluding accumulated impairment	8,400	8,400
Customer Relationships
Schedule Of Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount, excluding accumulated impairment	10,775	10,775
Accumulated amortization, excluding accumulated impairment	(10,775)	(10,775)
Accumulated impairment	0	0
Net carrying amount, excluding accumulated impairment	0	0
Noncompete Agreements
Schedule Of Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount, excluding accumulated impairment	2,700	2,700
Accumulated amortization, excluding accumulated impairment	(2,700)	(2,700)
Accumulated impairment	0	0
Net carrying amount, excluding accumulated impairment	0	0
Developed Technology Rights
Schedule Of Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount, excluding accumulated impairment	10,398	10,398
Accumulated amortization, excluding accumulated impairment	(10,398)	(10,398)
Accumulated impairment	0	0
Net carrying amount, excluding accumulated impairment	0	0
Patented Technology
Schedule Of Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount, excluding accumulated impairment	80	80
Accumulated amortization, excluding accumulated impairment	(80)	(80)
Accumulated impairment	0	0
Net carrying amount, excluding accumulated impairment	$ 0	$ 0

Intangible Assets and Softwar_4

Intangible Assets and Software Development Costs (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2019	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Non-cash impairment charge		$ 22,000
Amortization of developed technology	$ 3,175

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020
Accrued liabilities:
Salaries, wages, and related benefits	$ 6,811	$ 6,945
Other taxes payable	1,512	1,649
Severance liabilities	103	32
Professional fees	104	50
Other	271	357
Total	8,801	9,033
Other non-current liabilities:
Uncertain tax positions	1,110	1,103
Asset retirement obligations	170	170
Employee benefit obligations	1,429	511
Other	77	76
Total	$ 2,786	$ 1,860

Supplemental Disclosures of C_3

Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Cash (receipts) for interest, net	$ (20)	$ (79)
Cash payments for income tax, net	134	73
Cash payments for operating leases	1,642	1,014
Cash payments for finance leases	8	8
Accrued capital expenditures	$ 19	$ 51

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 8	$ 25
Effective tax rate	(1.60%)	(1.60%)

Loss per Share (Details)

Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net loss	$ (517)	$ (1,575)
Series A convertible preferred stock issuance costs	(937)
Series A convertible preferred stock dividends	(199)
Net loss available to common shareholders	$ (1,653)	$ (1,575)
Denominator:
Weighted average shares outstanding - basic and diluted	23,405	23,212
Loss per share - basic and diluted:
Loss per share	$ (0.07)	$ (0.07)
Earnings Per Share, Diluted [Abstract]
Anti-dilutive stock options, SSARs, restricted shares, performance shares and preferred shares	3,560	1,273

Loss per Share (Details Textual

Loss per Share (Details Textual) - shares	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Incremental common shares attributable to restricted shares (in shares)	194,587	445,829

Share-based Compensation (Detai

Share-based Compensation (Details Textual) - USD ($) $ in Millions	Jul. 16, 2020	Jun. 30, 2020	Mar. 31, 2020
Restricted Stock [Member]
Stock Based Compensation (Textual) [Abstract]
Weighted-average vesting period		1 year 8 months 12 days
Unrecognized stock based compensation expense related to non-vested restricted stock		$ 1.6
Number of outstanding shares		164,467	178,462
Number of shares, forfeited		13,995
Stock Settled Stock Appreciation Rights (SSARS) [Member]
Stock Based Compensation (Textual) [Abstract]
Numer of shares issued			125,000
Stock Settled Stock Appreciation Rights (SSARS) [Member]
Stock Based Compensation (Textual) [Abstract]
Unrecognized stock based compensation expense related to non-vested SSARs		$ 4.3
Weighted-average vesting period		2 years 1 month 6 days
Performance Shares [Member]
Stock Based Compensation (Textual) [Abstract]
Number of outstanding shares		30,120	30,120
Performance Shares [Member] | Subsequent Event [Member]
Stock Based Compensation (Textual) [Abstract]
Number of shares, granted	6,714
Number of outstanding shares	30,120
Number of shares, forfeited	23,406
Aggregate intrinsic value	$ 0.1
Two Thousand and Sixteen Stock Incentive Plan [Member]
Stock Based Compensation (Textual) [Abstract]
Shares authorized under 2016 Stock incentive plan		2,000,000
Two Thousand and Sixteen Stock Incentive Plan [Member] | Restricted Stock [Member]
Stock Based Compensation (Textual) [Abstract]
Shares available for grant		1,250,000
2011 Stock Incentive Plan [Member]
Stock Based Compensation (Textual) [Abstract]
Shares available for grant		957,575

Share-based Compensation (Det_2

Share-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Payment Arrangement, Noncash Expense	$ 1,426	$ 482
Product development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Summary of share-based compensation expense for options	172	268
Selling and marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Summary of share-based compensation expense for options	36	62
General and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Summary of share-based compensation expense for options	$ 1,218	$ 152

Share-based Compensation (Det_3

Share-based Compensation (Details 2) - Stock Settled Stock Appreciation Rights (SSARS) [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Rights Outstanding at Beginning of Period | shares	1,644,888
Number of Rights Exercised | shares	(56,226)
Number of Rights, Forfeited | shares	(11,276)
Number of Rights Expired | shares	(88)
Number of Rights Outstanding at End of Period | shares	1,577,298
Number of Rights Exercisable at End of Period | shares	942,608
Number of Rights Vested and expected to vest at June 30, 2020 | shares	1,577,298
Weighted Average Exercise Price Outstanding at Beginning of Period | $ / shares	$ 21.07
Weighted Average Exercise Price, Exercised | $ / shares	11.16
Weighted Average Exercise Price, Forfeited | $ / shares	18.71
Weighted Average Exercise Price, Expired | $ / shares	14.22
Weighted Average Exercise Price Outstanding at End of Period | $ / shares	21.44
Weighted Average Exercise Price, Exercisable at End of Period | $ / shares	12.87
Weighted Average Exercise Price, Exercisable at End of Period | $ / shares	$ 21.44
Remaining Contractual Term Outstanding at End of Period	4 years 8 months 12 days
Remaining Contractual Term Exercisable at End of Period	3 years 10 months 24 days
Share Based Compensation Arrangement By Share Based Payment Award Vested And Expected To Vest Outstanding Remaining Contractual Term	4 years 8 months 12 days
Aggregate Intrinsic Value Outstanding at End of Period | $	$ 6,028
Aggregate Intrinsic Value Exercisable at End of Period | $	5,887
Aggregate Intrinsic Value Exercisable at End of Period, Vested and expacted | $	$ 6,028

Share-based Compensation (Det_4

Share-based Compensation (Details 3)	3 Months Ended
	Jun. 30, 2020$ / sharesshares
Restricted Stock [Member]
Activity Related to Restricted Shares Awarded by the Company
Number of Shares Outstanding at Beginning of Period	178,462
Forfeited, Number of Shares	(13,995)
Number of Shares Outstanding at End of Period	164,467
Weighted Average Grant-Date Fair Value, Outstanding at Beginning of Period | $ / shares	$ 19.89
Forfeited, Weighted Average Grant-Date Fair Value | $ / shares	18.84
Weighted Average Grant-Date Fair Value, Outstanding at End of Period | $ / shares	$ 19.98
Performance Shares [Member]
Activity Related to Restricted Shares Awarded by the Company
Number of Shares Outstanding at Beginning of Period	30,120
Number of Shares Outstanding at End of Period	30,120

Preferred Stock - (Details Text

Preferred Stock - (Details Textual) $ / shares in Units, $ in Millions	May 22, 2020USD ($)shares	Jun. 30, 2020Day$ / shares
Class Of Stock [Line Items]
Trading days | Day		20
Consecutive trading days | Day		30
Minimum percentage of common stock price to conversion price		150.00%
Debt Instrument, Convertible, Earliest Date		Nov. 22, 2023
Preferred stock, dividend percentage		5.25%
Dividends declaration and payment terms		The Holders are entitled to dividends on the Liquidation Preference at the rate of 5.25% per annum, payable semi-annually either (i) 50% in cash and 50% in kind as an increase in the then-current Liquidation Preference or (ii) 100% in cash, at the option of the Company.
Change of Control Event Description		Upon certain change of control events involving the Company, the Company has the right, and each Holder has the right, in each case, at the initiating party’s election, to require the Company to repurchase all or a portion of its then-outstanding shares of Convertible Preferred Stock for cash consideration equal to (i) 150% of the then-current Liquidation Preference for a change of control occurring prior to the third anniversary of the date the Convertible Preferred Stock is initially issued, (ii) 125% of the then-current Liquidation Preference for a change of control occurring on or following the third anniversary and prior to the fifth anniversary of the date the Convertible Preferred Stock is initially issued and (iii) 100% of the then-current Liquidation Preference for a change of control occurring on or following the fifth anniversary of the date the Convertible Preferred Stock is initially issued
Preferred stock convertible percentage of outstanding common stock		10.00%
Percentage of owning in excess of outstanding share of common stock		25.00%
Common stock [Member]
Class Of Stock [Line Items]
Price per share | $ / shares		$ 20.1676
Convertible Preferred Stock [Member]
Class Of Stock [Line Items]
Voting right description		The Holders will be entitled to one vote for each share of Convertible Preferred Stock upon all matters presented to the common shareholders of the Company
MAK Capital One, LLC [Member] | Convertible Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock issued | shares	1,735,457
Preferred stock issued, value | $	$ 35
Payments of stock issuance costs | $	$ 0.9