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Note 12 - Income Taxes (Tables)

12 Months Ended

Mar. 31, 2022

Notes Tables

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

		Year Ended March 31,
		2022				2021				2020
Domestic		$	4,579			$	6,297			$	16,059
Foreign			(1,005	)			(3,994	)			(12,197	)
Total earnings before income taxes		$	3,574			$	2,303			$	3,862

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

		Year Ended March 31,
		2022				2021				2020
Current tax provision
U.S. Federal		$	(83	)		$	1,500			$	2,348
U.S. State			286				628				814
Foreign			1,372				404				993
Total current tax expense			1,575				2,532				4,155
Deferred tax provision:
U.S. Federal			1,707				(2,410	)			60
U.S. State			337				(619	)			599
Foreign			(1,916	)			(474	)			(2,730	)
Total deferred tax expense			128				(3,503	)			(2,071	)
Total income tax expense (benefit)		$	1,703			$	(971	)		$	2,084

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

		March 31, 2022				March 31, 2021
Deferred tax assets:
Net operating loss		$	11,274			$	8,990
Credits			5,321				169
Stock compensation deductible differences			2,137				2,099
Inventories			1,316				838
Allowances and reserves			1,977				1,471
Accrued employee-related expenses			296				209
Debt related			91				--
Other			7				25
Total deferred tax assets			22,419				13,801
Deferred tax liabilities:
Goodwill and intangible assets			(56,145	)			(23,029	)
Property, plant and equipment			(3,284	)			(1,275	)
Debt			--				(4,723	)
Currency translation adjustment			(185	)			--
Other			(3	)			(29	)
Total deferred tax liabilities			(59,617	)			(29,056	)
Valuation allowance			(708	)			(404	)
Net deferred tax (liability)		$	(37,906	)		$	(15,659	)

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

		Year Ended March 31,
		2022				2021				2020
Federal income taxes at statutory rates		$	751			$	483			$	811
State income taxes, net of federal benefit			628				(221	)			1,122
Tax benefit of stock option exercises			(4,055	)			(1,816	)			(1,576	)
Foreign-derived intangible income deduction			--				(999	)			--
Research and development credit			(495	)			(165	)			(191	)
Interest reserve adjustment			668				--				--
Limitation for 162(m)			4,039				1,113				1,112
Foreign rate differential			152				810				657
Other			15				(176	)			149
Total income tax expense (benefit)		$	1,703			$	(971	)		$	2,084

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

		Year Ended March 31,
		2022				2021				2020
Beginning balance		$	64			$	653			$	1,361
Increase (decreases) related to prior period tax positions			1,179				(629	)			(1,027	)
Increases related to current period tax positions			86				40				319
Ending balance		$	1,329			$	64			$	653

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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