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Note 11 - Accounts Payable and Accrued Expenses | 12 Months Ended
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Mar. 31, 2024
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, 2024 and March 31, 2023 consisted of the following (in thousands):
|  | March 31, 2024 |  |  | March 31, 2023 |
Accounts payable |  | $ | 4,476 |  |  | $ | 13,935 |
Accrued inventories in-transit |  |  | 539 |  |  |  | 2,267 |
Accrued other miscellaneous expenses |  |  | 2,366 |  |  |  | 2,662 |
Accrued contract loss |  |  | 97 |  |  |  | 3,464 |
Advanced deposits |  |  | 2,270 |  |  |  | 5,653 |
Accrued compensation |  |  | 10,326 |  |  |  | 5,430 |
Income taxes payable |  |  | 346 |  |  |  | 409 |
Accrued product warranty |  |  | 2,363 |  |  |  | 2,638 |
Accrued commissions |  |  | 1,452 |  |  |  | 1,208 |
Accrued restructuring |  |  | — |  |  |  | 717 |
Total |  | $ | 24,235 |  |  | $ | 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):
|  | Fiscal Years Ended March 31, |
|  | 2024 |  |  | 2023 |
Balance at beginning of period |  | $ | 2,638 |  |  | $ | 2,066 |
Provisions for warranties during the period |  |  | 1,751 |  |  |  | 2,276 |
Settlements during the period |  |  | (2,026 | ) |  |  | (1,704 | )
Balance at end of period |  | $ | 2,363 |  |  | $ | 2,638 |

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