XML 60 R17.htm IDEA: XBRL DOCUMENT v3.19.3
Note 11 - Accounts Payable and Accrued Expenses
 6 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
11.
Accounts Payable and Accrued Expenses
 
Accounts payable and accrued expenses at 
September 30, 2019
and 
March 31, 2019
consisted of the following (in thousands):
 
   
September 30, 2019
    
March 31, 2019
  
Accounts payable
   $
6,164
     $
2,939
  
Accrued inventories in-transit
    
603
      
244
  
Accrued other miscellaneous expenses
    
1,772
      
1,759
  
Advanced deposits
    
1,771
      
631
  
Accrued compensation
    
3,730
      
5,404
  
Income taxes payable
    
3,043
      
3,363
  
Accrued product warranty
    
1,641
      
1,545
  
Total
   $
18,724
     $
15,885
  
 
The Company generally provides a
one
to
three
year warranty on its products, commencing upon delivery or installation where applicable. 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 September 30,
    
Six Months Ended September 30,
  
   
2019
    
2018
    
2019
    
2018
  
Balance at beginning of period
   $
1,606
     $
1,752
     $
1,545
     $
1,769
  
Change in accruals for warranties during the period
    
71
      
213
      
156
      
317
  
Settlements during the period
    
(36
 )    
(205
 )    
(60
 )    
(326
 )
Balance at end of period
   $
1,641
     $
1,760
     $
1,641
     $
1,760