Accounts Payable and Accrued Expenses

12 Months Ended

Mar. 31, 2018

Accounts payable and accrued expenses at March 31, 2018 and March 31, 2017 consisted of the following (in thousands):



	March 31, 2018		March 31, 2017
Accounts payable	$	3,096	$	3,207
Accrued inventories in-transit	1,207		313
Accrued other miscellaneous expenses	2,412		2,240
Accrued compensation	3,605		5,042
Income taxes payable	536		1,344
Accrued warranty	1,769		2,344
Total	$	12,625	$	14,490

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):



	Fiscal Years Ended March 31,
	2018			2017
Balance at beginning of period	$	2,344		$	3,601
Change in accruals for warranties during the period	890			1,219
Settlements during the period	(1,465		)	(2,476		)
Balance at end of period	$	1,769		$	2,344