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Note 8 - Inventory
12 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Inventory Disclosure [Text Block]

8. Inventory

 

Inventory, net of reserves, at  March 31, 2025 and  March 31, 2024 consisted of the following (in thousands):

 

  

March 31, 2025

  

March 31, 2024

 

Raw materials

 $35,892  $20,622 

Work-in-process

  19,633   14,872 

Finished goods

  9,888   3,840 

Deferred program costs

  5,756   2,523 

Inventory

 $71,169  $41,857 

 

The Company recorded inventory write-downs of $1.5 million and $2.0 million for the fiscal years ended  March 31, 2025 and 2024, respectively. These write-downs were based on the Company's evaluation on its inventory on hand for excess quantities and obsolescence.

 

Deferred program costs as of  March 31, 2025 and  March 31, 2024 primarily represent costs incurred on programs where the Company needs to complete performance obligations before the related revenue and costs will be recognized.