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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of income (loss) from continuing operations before income taxes | For the year ended March 31, income (loss) before income taxes consisted of the following:
(In thousands) |  |  | 2023 |  |  |  | 2022 |  |  |  | 2021 |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |
United States |  | $ | 14,526 |  |  | $ | 1,598 |  |  | $ | (26,272 | )
Foreign |  |  | 1,238 |  |  |  | 4,913 |  |  |  | 5,063 |
Total income (loss) before income taxes |  | $ | 15,764 |  |  | $ | 6,511 |  |  | $ | (21,209 | )
Schedule of income tax (benefit) expense | For the year ended March 31, income tax expense (benefit) consisted of the following:
(In thousands) |  |  | 2023 |  |  |  | 2022 |  |  |  | 2021 |
Income tax expense (benefit) |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 87 |  |  | $ | 62 |  |  | $ | 9 |
State and local |  |  | 277 |  |  |  | 21 |  |  |  | 30 |
Foreign |  |  | 1,070 |  |  |  | 853 |  |  |  | 731 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 12 |  |  |  | 12 |  |  |  | 12 |
State and local |  |  | 77 |  |  |  | 7 |  |  |  | 32 |
Foreign |  |  | (341 | ) |  |  | (922 | ) |  |  | (1,022 | )
Total income tax expense (benefit) |  | $ | 1,182 |  |  | $ | 33 |  |  | $ | (208 | )
Schedule of effective income tax rate reconciliation | The following table presents the principal components of the difference between the effective tax rate and the U.S. federal statutory income tax rate for the years ended March 31:
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Income tax expense (benefit) at the US Federal statutory rate |  | $ | 3,340 |  |  | $ | 1,368 |  |  | $ | (4,454 | )
Expense (benefit) for state taxes |  |  | 377 |  |  |  | (65 | ) |  |  | (803 | )
Impact of foreign operations |  |  | (78 | ) |  |  | (819 | ) |  |  | (841 | )
Indefinite life assets |  |  | 20 |  |  |  | 19 |  |  |  | 43 |
Intercompany gain |  |  | 177 |  |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | (2,276 | ) |  |  | (2,623 | ) |  |  | 7,271 |
Change in liability for unrecognized tax benefits |  |  | 24 |  |  |  | 25 |  |  |  | 26 |
Share-based compensation |  |  | (241 | ) |  |  | (2,018 | ) |  |  | (2,232 | )
Global intangible low-taxed income |  |  | 101 |  |  |  | 971 |  |  |  | 985 |
Deferred adjustments |  |  | (281 | ) |  |  | (260 | ) |  |  | (478 | )
Provision to return |  |  | (31 | ) |  |  | 3,438 |  |  |  | 278 |
Other |  |  | 50 |  |  |  | (3 | ) |  |  | (3 | )
Total income tax expense (benefit) |  | $ | 1,182 |  |  | $ | 33 |  |  | $ | (208 | )
Schedule of deferred tax assets and liabilities | Deferred tax assets and liabilities as of March 31, are as follows:
(In thousands) |  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |
Accrued liabilities |  | $ | 8,748 |  |  | $ | 7,574 |
Allowance for expected credit losses and doubtful accounts |  |  | 132 |  |  |  | 83 |
Federal losses and credit carryforwards |  |  | 36,912 |  |  |  | 50,612 |
Foreign losses and credit carryforwards |  |  | 3,555 |  |  |  | 2,793 |
State losses and credit carryforwards |  |  | 10,080 |  |  |  | 11,179 |
Deferred revenue |  |  | 291 |  |  |  | 193 |
Capitalized research expenses |  |  | 11,399 |  |  |  | — |
Property and equipment and software amortization |  |  | 325 |  |  |  | 416 |
Operating lease liabilities |  |  | 4,171 |  |  |  | 1,489 |
Goodwill and other intangible assets |  |  | (536 | ) |  |  | 607 |
Other |  |  | 185 |  |  |  | 163 |
|  |  | 75,262 |  |  |  | 75,109 |
Less: valuation allowance |  |  | (67,928 | ) |  |  | (69,515 | )
Total |  |  | 7,334 |  |  |  | 5,594 |
Deferred tax liabilities: |  |  |  |  |  |
Operating lease right-of-use assets |  |  | (3,153 | ) |  |  | (1,269 | )
Goodwill and other intangible assets |  |  | (3,659 | ) |  |  | (2,575 | )
Other |  |  | 12 |  |  |  | (15 | )
Total |  |  | (6,800 | ) |  |  | (3,859 | )
Total deferred tax assets, net |  | $ | 534 |  |  | $ | 1,735 |

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