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Note 11 - Accounts Payable and Accrued Expenses
 12 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
11.
Accounts Payable and Accrued Expenses
 
Accounts payable and accrued expenses at 
March 31, 2021
and 
March 31, 2020
consisted
of the following (in thousands):
 
   
March 31, 2021
    
March 31, 2020
  
Accounts payable
   $
5,353
     $
10,045
  
Accrued inventories in-transit
    
1,460
      
763
  
Accrued other miscellaneous expenses
    
2,369
      
1,986
  
Advanced deposits    
1,035
      
666
  
Accrued compensation
    
7,018
      
5,683
  
Income taxes payable
    
522
      
933
  
Accrued product warranty
    
2,053
      
2,015
  
Total
   $
19,810
     $
22,091
  
 
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,
  
   
2021
    
2020
  
Balance at beginning of period
   $
2,015
     $
1,545
  
Acquired Warranty Obligation    
147
      
—
  
Change in accruals for warranties during the period
    
643
      
542
  
Settlements during the period
    
(752
 )    
(72
 )
Balance at end of period
   $
2,053
     $
2,015