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Note 11 - Accounts Payable and Accrued Expenses | 9 Months Ended
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Dec. 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 December 31, 2021 and March 31, 2021 consisted of the following (in thousands):
|  | December 31, 2021 |  |  | March 31, 2021 |
Accounts payable |  | $ | 10,438 |  |  | $ | 5,353 |
Accrued inventories in-transit |  |  | 1,711 |  |  |  | 1,460 |
Accrued other miscellaneous expenses |  |  | 3,517 |  |  |  | 2,369 |
Advanced deposits |  |  | 2,153 |  |  |  | 1,035 |
Accrued compensation |  |  | 3,691 |  |  |  | 7,018 |
Income taxes payable |  |  | 604 |  |  |  | 522 |
Accrued product warranty |  |  | 2,218 |  |  |  | 2,053 |
Total |  | $ | 24,332 |  |  | $ | 19,810 |
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 December 31, |  |  | Nine Months Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Balance at beginning of period |  | $ | 2,155 |  |  | $ | 2,109 |  |  | $ | 2,053 |  |  | $ | 2,015 |
Acquired warranty obligations |  |  | - |  |  |  | 147 |  |  |  | 248 |  |  |  | 147 |
Change in accruals for warranties during the period |  |  | 206 |  |  |  | 124 |  |  |  | 520 |  |  |  | 507 |
Settlements during the period |  |  | (143 | ) |  |  | (360 | ) |  |  | (603 | ) |  |  | (649 | )
Balance at end of period |  | $ | 2,218 |  |  | $ | 2,020 |  |  | $ | 2,218 |  |  | $ | 2,020 |

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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