Accounts Payable and Accrued Expenses

3 Months Ended

Jun. 30, 2014

7. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at June 30, 2014 and March 31, 2014 consisted of the following (in thousands):

	June 30,		March 31,
	2014		2014
Accounts payable	$	2,554	$	1,749
Accrued inventories in-transit		1,509		212
Accrued miscellaneous expenses		4,801		6,076
Accrued outside services		3,272		3,716
Accrued subcontractor program costs		288		290
Accrued compensation		3,155		5,939
Income taxes payable		200		173
Accrued adverse purchase commitments		403		402
Accrued warranty		2,855		3,207
Total	$	19,037	$	21,764

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
	June 30,
	2014			2013
Balance at beginning of period	$	3,207		$	2,709
Change in accruals for warranties during the period		(72	)		152
Settlements during the period		(280	)		(74	)
Balance at end of period	$	2,855		$	2,787