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Acquisition (Tables) | 12 Months Ended
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Mar. 31, 2024
Business Combinations [Abstract] |
Schedule of Contingent Earn Out Liability | A rollforward of the P3 contingent earn-out liability since the date of acquisition is as follows:
Balance at November 9, 2023 |  | $ | 2,040 |
Change in fair value |  |  | 80 |
Payments |  |  | — |
Balance at March 31, 2024 |  | $ | 2,120 |
Schedule of Final Purchase Price Allocation, After Adjustments of the Assets Acquired and Liabilities Assumed | The following table summarizes the final purchase price allocation of the assets acquired and liabilities assumed:
|  | Before Adjustment of Preliminary Allocation of Purchase Price |  |  |  |  |  | After Adjustment of Final Allocation of Purchase Price |
|  | November 9, |  |  |  |  |  | March 31, |
|  | 2023 |  |  | Adjustments |  |  | 2024 |
Assets acquired: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 286 |  |  | $ | — |  |  | $ | 286 |
Trade accounts receivable, net of allowances |  |  | 465 |  |  |  |  |  |  | 465 |
Unbilled revenue |  |  | 302 |  |  |  |  |  |  | 302 |
Inventories |  |  | 443 |  |  |  | 365 |  |  |  | 808 |
Prepaid expenses and other current assets |  |  | 93 |  |  |  |  |  |  | 93 |
Property, plant & equipment, net |  |  | 542 |  |  |  |  |  |  | 542 |
Operating lease assets |  |  | 130 |  |  |  |  |  |  | 130 |
Goodwill |  |  | 1,565 |  |  |  | 432 |  |  |  | 1,997 |
Customer relationships |  |  | 4,400 |  |  |  |  |  |  | 4,400 |
Technology and technical know-how |  |  | 2,500 |  |  |  |  |  |  | 2,500 |
Tradename |  |  | 300 |  |  |  |  |  |  | 300 |
Deferred income tax asset |  |  | 53 |  |  |  | (53 | ) |  |  | — |
Total assets acquired |  |  | 11,079 |  |  |  | 744 |  |  |  | 11,823 |
Liabilities assumed: |  |  |  |  |  |  |  |  |
Accrued compensation |  |  | 62 |  |  |  |  |  |  | 62 |
Customer deposits |  |  | 389 |  |  |  |  |  |  | 389 |
Operating lease liabilities |  |  | 134 |  |  |  |  |  |  | 134 |
Total liabilities assumed |  |  | 585 |  |  |  | — |  |  |  | 585 |
Purchase price |  | $ | 10,494 |  |  | $ | 744 |  |  | $ | 11,238 |
Schedule of Unaudited Pro Forma Information | The following unaudited pro forma information presents the consolidated results of operations of the Company as if the P3 acquisition had occurred at the beginning of each of the fiscal periods presented:
|  | For the Year Ended |  |
|  | March 31, |  |
|  | 2024 |  |  | 2023 |  |
Net sales |  | $ | 189,089 |  |  | $ | 160,376 |  |
Net income (loss) |  |  | 5,949 |  |  |  | (21 | ) |
Earnings per share |  |  |  |  |  |  |
Basic |  | $ | 0.55 |  |  | $ | 0.00 |  |
Diluted |  | $ | 0.54 |  |  | $ | 0.00 |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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