Accounts Payable And Accrued Expenses

12 Months Ended

Mar. 31, 2012

Accounts Payable And Accrued Expenses [Abstract]

9. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following (in thousands):


		March 31,
		2012		2011
Accounts payable	$	8,191	$	40,074
Accrued inventories in-transit		3,330		6,196
Accrued miscellaneous expenses		9,708		14,785
Accrued subcontractor program costs		1,885		1,190
Accrued compensation		8,380		8,174
Income taxes payable		192		11,947
Accrued warranty		5,896		7,907
Total	$	37,582	$	90,273

Product Warranty

The Company generally provides a one to three year warranty on its products, commencing upon installation. A provision is recorded upon revenue recognition to cost of revenues for estimated warranty expense based on historical experience. The following is a summary of accrued warranty activity (in thousands):


		For the years
		ended March 31,
		2012			2011
Beginning balance	$	7,907		$	6,431
Accruals for warranties during the period		(906	)		4,994
Settlements during the period		(1,105	)		(3,518	)
Ending balance	$	5,896		$	7,907