v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 240 $ 25,180
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 101 124
Stock compensation expense 3,282 3,632
Deferred income taxes 128 (2,507)
Right of use assets 312 113
Gain on exchange of intangible assets, net (10,653) (33,916)
Gain on sale of intangible assets, net 0 (961)
Loss from disposal of long-lived assets, net 1 8
Changes in operating assets and liabilities    
Non-trade receivable 0 2,926
Prepaid expenses and other assets (1,072) 377
Accounts payable and other accrued expenses (2,521) (2,556)
Accrued severance and other related charges (1,177) 95
Operating lease liabilities (331) (186)
Contingent liability 0 1,054
Deferred revenue 13,735 3,542
Other liabilities 0 (65)
Net cash provided by (used in) operating activities 2,045 (3,140)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets and other related costs (6,703) (3,966)
Proceeds from sale of spectrum 0 1,301
Purchases of equipment (36) 0
Net cash used in investing activities (6,739) (2,665)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 20,267 0
Payments of withholding tax on net issuance of restricted stock (316) (642)
Net cash provided by (used in) financing activities 19,951 (642)
Net change in cash and cash equivalents and restricted cash 15,257 (6,447)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents and restricted cash at beginning of the period 104,663 55,024
Cash and cash equivalents and restricted cash at end of the period 119,920 48,577
Cash paid during the period:    
Taxes paid, including excise tax 216 0
Operating leases paid 419 569
Non-cash investing activity:    
Capitalized change in estimated asset retirement obligations 0 (14)
Derecognition of contingent liability related to sale of intangible assets 0 1,172
Right of use assets new leases 42 321
Right of use assets modifications and renewals $ (5) $ 37