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Note 14 - Income Taxes (Tables)

12 Months Ended

Mar. 31, 2020

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		Year Ended March 31,
		2020				2019				2018
Domestic		$	15,630			$	12,133			$	12,708
Foreign			(12,197	)			(3,510	)			(12,407	)
Total earnings before income taxes		$	3,433			$	8,623			$	301

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended March 31,
		2020				2019				2018
Current tax provision
U.S. Federal		$	2,348			$	1,831			$	3,732
U.S. State			814				449				715
Foreign			993				1,166				1,299
Total current tax expense			4,155				3,446				5,746
Deferred tax provision:
U.S. Federal			60				(741	)			(1,589	)
U.S. State			599				(106	)			(216	)
Foreign			(2,730	)			(1,460	)			(678	)
Total deferred tax expense			(2,071	)			(2,307	)			(2,483	)
Total income tax expense		$	2,084			$	1,139			$	3,263

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		March 31, 2020				March 31, 2019
Deferred tax assets:
Accrued employee-related expenses		$	208			$	163
Allowances and reserves			105				100
Stock compensation deductible differences			1,265				1,061
Inventories			504				1,534
Net operating loss			8,874				47
Foreign tax credit			--				16
Credits			47				--
Other			458				807
Total deferred tax assets			11,461				3,728
Deferred tax liabilities:
Property, plant and equipment			(1,286	)			(1,118	)
Goodwill and intangible assets			(24,825	)			(2,249	)
Debt			(5,982	)			--
Currency translation adjustment			(64	)			(33	)
Other			(1	)			(6	)
Total deferred tax liabilities			(32,158	)			(3,406	)
Valuation allowance			(391	)			(76	)
Net deferred tax asset (liability)		$	(21,088	)		$	246

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended March 31,
		2020				2019				2018
Federal income taxes at statutory rates		$	721			$	1,811			$	93
State income taxes, net of federal benefit			1,147				208				328
Tax benefit of stock option exercises			(1,576	)			(2,034	)			(1,087	)
Section 199 manufacturing deduction			--				--				(381	)
Research and development credit			(191	)			(158	)			(162	)
Tax Cuts and Jobs Act			--				--				(59	)
Impairment of non-deductible goodwill			--				284				4,257
Limitation for 162(m)			1,112				766				--
Foreign rate differential			657
Other			214				262				274
Total income tax expense		$	2,084			$	1,139			$	3,263

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		Year Ended March 31,
		2020				2019				2018
Beginning balance		$	1,361			$	827			$	331
Decreases related to prior period tax positions			(1,027	)			--				--
Increases related to current period tax positions			319				534				496
Ending balance		$	653			$	1,361			$	827

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