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Note 11 - Accounts Payable and Accrued Expenses | 6 Months Ended
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Sep. 30, 2023
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, 2023 and March 31, 2023 consisted of the following (in thousands):
|  | September 30, 2023 |  |  | March 31, 2023 |
Accounts payable |  | $ | 11,393 |  |  | $ | 13,935 |
Accrued inventories in-transit |  |  | 1,123 |  |  |  | 2,267 |
Accrued other miscellaneous expenses |  |  | 4,237 |  |  |  | 3,870 |
Accrued contract loss |  |  | 2,584 |  |  |  | 3,464 |
Advanced deposits |  |  | 1,156 |  |  |  | 5,653 |
Accrued compensation |  |  | 6,041 |  |  |  | 5,430 |
Income taxes payable |  |  | 297 |  |  |  | 409 |
Accrued product warranty |  |  | 1,892 |  |  |  | 2,638 |
Accrued restructuring |  |  | 226 |  |  |  | 717 |
Total |  | $ | 28,949 |  |  | $ | 38,383 |
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, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Balance at beginning of period |  | $ | 1,926 |  |  | $ | 1,942 |  |  | $ | 2,638 |  |  | $ | 2,066 |
Provisions for warranties during the period |  |  | 644 |  |  |  | 479 |  |  |  | 852 |  |  |  | 656 |
Settlements during the period |  |  | (678 | ) |  |  | (368 | ) |  |  | (1,598 | ) |  |  | (669 | )
Balance at end of period |  | $ | 1,892 |  |  | $ | 2,053 |  |  | $ | 1,892 |  |  | $ | 2,053 |

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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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