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Revenue Recognition (Tables) | 9 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Product Line and Geographic Area | The following table presents the Company’s revenue disaggregated by product line and geographic area:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, |  |  | December 31, |
Market |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Refining |  | $ | 6,418 |  |  | $ | 7,638 |  |  | $ | 23,076 |  |  | $ | 21,794 |
Chemical/Petrochemical |  |  | 6,791 |  |  |  | 4,130 |  |  |  | 16,996 |  |  |  | 14,536 |
Defense |  |  | 27,023 |  |  |  | 24,330 |  |  |  | 87,014 |  |  |  | 72,265 |
Space |  |  | 3,821 |  |  |  | 2,931 |  |  |  | 11,184 |  |  |  | 10,528 |
Other |  |  | 2,984 |  |  |  | 4,789 |  |  |  | 12,281 |  |  |  | 17,340 |
Net sales |  | $ | 47,037 |  |  | $ | 43,818 |  |  | $ | 150,551 |  |  | $ | 136,463 |
Geographic Region |  |  |  |  |  |  |  |  |  |  |  |
Asia |  | $ | 2,275 |  |  | $ | 4,016 |  |  | $ | 11,851 |  |  | $ | 12,898 |
Canada |  |  | 2,441 |  |  |  | 1,116 |  |  |  | 5,102 |  |  |  | 3,107 |
Middle East |  |  | 1,551 |  |  |  | 501 |  |  |  | 3,328 |  |  |  | 2,219 |
South America |  |  | 495 |  |  |  | 65 |  |  |  | 864 |  |  |  | 264 |
U.S. |  |  | 39,675 |  |  |  | 36,822 |  |  |  | 126,065 |  |  |  | 113,567 |
All other |  |  | 600 |  |  |  | 1,298 |  |  |  | 3,341 |  |  |  | 4,408 |
Net sales |  | $ | 47,037 |  |  | $ | 43,818 |  |  | $ | 150,551 |  |  | $ | 136,463 |
The following table presents the Company's revenue percentages disaggregated by revenue recognized over time or upon shipment:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue recognized over time |  |  | 75 | % |  |  | 76 | % |  |  | 79 | % |  |  | 77 | %
Revenue recognized at shipment |  |  | 25 | % |  |  | 24 | % |  |  | 21 | % |  |  | 23 | %
Schedule of Net Contract Assets (Liabilities) | Net contract assets (liabilities) consisted of the following:
|  | December 31, 2024 |  |  | March 31, 2024 |  |  | Change |  |  |  | Change due to revenue recognized |  |  | Change due to invoicing customers/ additional deposits |
Unbilled revenue - contract assets |  | $ | 37,777 |  |  | $ | 28,015 |  |  | $ | 9,762 |  |  |  | $ | 77,291 |  |  | $ | (67,529 | )
Customer deposits - contract liabilities |  |  | (92,971 | ) |  |  | (71,987 | ) |  |  | (20,984 | ) |  |  |  | 33,402 |  |  |  | (54,386 | )
Net contract (liabilities) assets |  | $ | (55,194 | ) |  | $ | (43,972 | ) |  | $ | (11,222 | ) |  |  |  |  |  |  |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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