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Note 12 - Accounts Payable and Accrued Expenses | 12 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 12. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses at March 31, 2023 and March 31, 2022 consisted of the following (in thousands):
|  | March 31, 2023 |  |  | March 31, 2022 |
Accounts payable |  | $ | 13,935 |  |  | $ | 13,192 |
Accrued inventories in-transit |  |  | 2,267 |  |  |  | 2,212 |
Accrued other miscellaneous expenses |  |  | 3,870 |  |  |  | 2,824 |
Accrued contract loss |  |  | 3,464 |  |  |  | 778 |
Advanced deposits |  |  | 5,653 |  |  |  | 3,021 |
Accrued compensation |  |  | 5,430 |  |  |  | 4,642 |
Income taxes payable |  |  | 409 |  |  |  | 405 |
Accrued product warranty |  |  | 2,638 |  |  |  | 2,066 |
Accrued restructuring |  |  | 717 |  |  |  | - |
Total |  | $ | 38,383 |  |  | $ | 29,140 |
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, |
|  | 2023 |  |  | 2022 |
Balance at beginning of period |  | $ | 2,066 |  |  | $ | 2,053 |
Acquired Warranty Obligation |  |  | - |  |  |  | 248 |
Change in accruals for warranties during the period |  |  | 2,276 |  |  |  | 618 |
Settlements during the period |  |  | (1,704 | ) |  |  | (853 | )
Balance at end of period |  | $ | 2,638 |  |  | $ | 2,066 |

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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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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