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Revenue (Tables) | 3 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The table below presents the total revenue for each type of contract:
|  |  | Three Months Ended June 30,
|  |  |  |  | 2024 |  | 2023
Cost-reimbursable |  |  |  |  |  |  | $ | 1,659,923 |  | 56 | % |  | $ | 1,450,184 |  | 55 | %
Time-and-materials |  |  |  |  |  |  | 670,568 |  | 23 | % |  | 635,733 |  | 24 | %
Fixed-price |  |  |  |  |  |  | 611,306 |  | 21 | % |  | 568,569 |  | 21 | %
Total Revenue |  |  |  |  |  |  | $ | 2,941,797 |  | 100 | % |  | $ | 2,654,486 |  | 100 | %
Revenue by Customer Type:
|  |  | Three Months Ended June 30,
|  |  |  |  | 2024 |  | 2023
Defense Clients |  |  |  |  |  |  | $ | 1,416,870 |  | 48 | % |  | $ | 1,224,317 |  | 46 | %
Intelligence Clients |  |  |  |  |  |  | 461,039 |  | 16 | % |  | 476,497 |  | 18 | %
Civil Clients (1) |  |  |  |  |  |  | 1,063,888 |  | 36 | % |  | 953,672 |  | 36 | %
Total Revenue |  |  |  |  |  |  | $ | 2,941,797 |  | 100 | % |  | $ | 2,654,486 |  | 100 | %
(1) As of the first quarter of fiscal 2025, Civil Clients includes revenue from Global Commercial Clients, which was previously separately reported. Prior periods’ revenues have been recast to reflect the change. Revenue by Whether the Company Acts as a Prime Contractor or a Subcontractor:
|  |  | Three Months Ended June 30,
|  |  |  |  | 2024 |  | 2023
Prime Contractor |  |  |  |  |  |  | $ | 2,807,685 |  | 95 | % |  | $ | 2,517,558 |  | 95 | %
Subcontractor |  |  |  |  |  |  | 134,112 |  | 5 | % |  | 136,928 |  | 5 | %
Total Revenue |  |  |  |  |  |  | $ | 2,941,797 |  | 100 | % |  | $ | 2,654,486 |  | 100 | %
Schedule of Contract Assets and Liabilities | The following table summarizes the contract assets and liabilities, and accounts receivable, net of allowance recognized on the Company’s condensed consolidated balance sheets:
|  | June 30, 2024 |  | March 31, 2024
Current assets |  |  |  |
Accounts receivable–billed |  | $ | 847,174 |  |  | $ | 700,066 |
Accounts receivable–unbilled (contract assets) |  | 1,434,759 |  |  | 1,347,577 |
Allowance for credit losses |  | (352) |  |  | (301) |
Accounts receivable, net |  | 2,281,581 |  |  | 2,047,342 |
Other long-term assets |  |  |  |
Accounts receivable–unbilled (contract assets) |  | 57,673 |  |  | 57,355 |
Total accounts receivable, net |  | $ | 2,339,254 |  |  | $ | 2,104,697 |
Other current liabilities |  |  |  |
Advance payments, billings in excess of costs incurred and deferred revenue (contract liabilities) |  | $ | 21,966 |  |  | $ | 15,527 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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