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Income taxes (Tables)

12 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income (Loss) Before Income Taxes

The components of income (loss) before provision for income taxes are as follows (in thousands):

			Year ended March 31,																		Three months ended March 31, (transition period)						Year ended December 31,
			2021						2020												2019						2018
Domestic			$	3,715					$	24,479											$	(21,673)					$	17,405
Foreign			(25)						(410)												500						551
Total			$	3,690					$	24,069											$	(21,173)					$	17,956

Schedule of Components of (Provision) Benefit for Income Taxes

The components of the benefit (provision) for income taxes are as follows (in thousands):

			Year ended March 31,																		Three months ended March 31, (transition period)						Year ended December 31,
			2021						2020												2019						2018
Current:
U.S. federal			$	(4,772)					$	(2,681)											$	(13)					$	(2,414)
State			(1,186)						(1,066)												(139)						(948)
Foreign			(84)						5												(22)						(8)
Total current			(6,042)						(3,742)												(174)						(3,370)
Deferred:
U.S. federal			7,159						(2,532)												3,096						1,005
State			1,293						99												368						101
Foreign			132						(10)												(31)						(167)
Total deferred			8,584						(2,443)												3,433						939
Total (provision) benefit for income taxes			$	2,542					$	(6,185)											$	3,259					$	(2,431)

Schedule of Reconciliation of Federal Statutory Rate to Company's Effective Tax Rate

The following table presents a reconciliation of the federal statutory rate to the Company’s effective tax rate:

			Year ended March 31,																		Three months ended March 31, (transition period)						Year ended December 31,
			2021						2020												2019						2018
Federal statutory rate			21.0		%				21.0		%										21.0		%				21.0		%
State tax, net of federal benefit			(10.6)		%				3.7		%										1.2		%				2.6		%
State tax deferred rate change, net of federal benefit			(1.6)		%				0.1		%										—		%				0.9		%
Nondeductible business expenses			2.1		%				0.8		%										(0.1)		%				1.4		%
Nondeductible employee compensation			9.1		%				0.4		%										—		%				—		%
Provision-to-return adjustment			1.5		%				—		%										—		%				(3.9)		%
Uncertain tax positions			1.0		%				(0.2)		%										(0.1)		%				(1.3)		%
Stock based compensation			(90.7)		%				(0.8)		%										(6.1)		%				(8.6)		%
Others			(0.7)		%				0.7		%										(0.5)		%				1.4		%
Effective tax rate			(68.9)		%				25.7		%										15.4		%				13.5		%

Schedule of Components of Net Deferred Taxes

The components of net deferred taxes arising from temporary differences are as follows (in thousands):

			March 31, 2021						March 31, 2020
Deferred tax assets:
Compensation			$	624					$	760
Inventories and receivables			5,710						3,472
Accrued expenses			2,067						1,996
Stock compensation			7,247						3,706
Net operating losses			272						92
Right of use liability			5,731						3,443
Other			560						558
Deferred tax assets			22,211						14,027
Deferred tax liabilities:
Goodwill			4,090						3,468
Fixed assets			2,506						3,294
Intangible assets			23,162						25,287
Right of use asset			5,294						3,292
Other			463						563
Deferred tax liabilities			35,515						35,904
Net deferred tax liabilities			$	13,304					$	21,877

The deferred tax assets and liabilities are reported in the accompanying balance sheets as follows (in thousands):

			March 31, 2021						March 31, 2020
Deferred tax assets			$	175					$	15
Deferred tax liabilities			13,479						21,892
Net deferred tax liabilities			$	13,304					$	21,877

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

			Year ended March 31,																		Three months ended March 31, (transition period)						Year ended December 31,
			2021						2020												2019						2018
Balance at beginning of year			$	477					$	581											$	571					$	764
Increases for prior year tax positions			6						32												—						—
Increases for current year tax positions			65						90												10						173
Decreases for prior year tax positions			—						—												—						(8)
Decreases due to settlements			(27)						(29)												—						—
Decreases due to statutes lapsing			(63)						(197)												—						(358)
Balance at end of year			$	458					$	477											$	581					$	571

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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