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Segment Information | 12 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Note 15 - Segment Information: The Company has one reporting segment as its operating segments meet the requirements for aggregation. The Company and its operating subsidiaries design and manufacture mission critical fluid, power, heat transfer and vacuum technologies for the Defense, Energy & Process, and Space industries. The Company also services and sells spare parts for its equipment. The Company's chief operating decision maker ("CODM") has been identified as its Chief Executive Officer who evaluates performance on an operating segment bases, as well as a consolidated basis, based on Adjusted EBITDA, which is a non-GAAP measure. This measure is used by our CODM, management, our Board of Directors, investors, lenders and other external users of our financial statements to assess our operating performance and to compare operating performance to other companies in our industry. In addition, our CODM believes Adjusted EBITDA is a useful measure to assess the earnings power of the business without the impact of capital structure and can be used to assess our ability to fund future capital expenditures in the business. The following table provides our results as a reconciliation from consolidated Net income to our consolidated Adjusted EBITDA:
|  | Years Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Net income |  | $ | 12,230 |  |  | $ | 4,556 |  |  | $ | 367 |
Acquisition & integration (income) expense |  |  | (1,170 | ) |  |  | 432 |  |  | 54 |
Equity-based compensation |  |  | 1,957 |  |  |  | 1,279 |  |  |  | 806 |
ERP implementation costs |  |  | 882 |  |  |  | 241 |  |  |  | — |
Debt amendment costs |  |  | — |  |  |  | 781 |  |  | 194 |
Employee Retention Tax Credit, net |  |  | — |  |  |  | (702 | ) |  |  | — |
Net interest (income) expense |  |  | (583 | ) |  |  | 248 |  |  | 939 |
Income tax expense |  |  | 3,177 |  |  |  | 1,018 |  |  | 194 |
Depreciation & amortization |  |  | 5,936 |  |  |  | 5,432 |  |  |  | 5,987 |
Adjusted EBITDA |  | $ | 22,429 |  |  | $ | 13,285 |  |  | $ | 8,541 |
In fiscal 2025, the Company had two customers whose sales amounted to 17% and 13% of total consolidated net sales. In fiscal 2024, the Company had two customers whose sales amounted to 16% and 15% of total consolidated net sales. In fiscal 2023, the Company had two customers whose sales amounted to 15% and 12% of total consolidated net sales. One customer representing such sales was the same customer in fiscal 2025, fiscal 2024 and fiscal 2023.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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