Accounts Payable And Accrued Expenses

6 Months Ended

Sep. 30, 2012

8. Accounts Payable and Accrued Expenses

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


		September 30,		March 31,
		2012		2012
Accounts payable	$	3,390	$	8,191
Accrued inventories in-transit		2,954		3,330
Accrued miscellaneous expenses		8,806		9,708
Accrued subcontractor program costs		1,642		1,885
Accrued compensation		4,930		8,380
Income taxes payable		81		192
Accrued warranty		4,792		5,896
Total	$	26,595	$	37,582

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.

Product warranty activity was as follows (in thousands):


		Three months ended				Six months ended
		September 30,				September 30,
		2012		2011		2012		2011
Balance at beginning of period	$	5,500	$	7,334	$	5,896	$	7,907
Change in accruals for warranties during the period		(384)		(69)		(551)		(474)
Settlements during the period		(324)		(210)		(553)		(378)
Balance at end of period	$	4,792	$	7,055	$	4,792	$	7,055