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v3.25.1

Note 12 - Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2025
Notes Tables |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | Year Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Domestic |  | $ | 12,615 |  |  | $ | (233,853 | ) |  | $ | 1,887 |
Foreign |  |  | (6,654 | ) |  |  | (41,795 | ) |  |  | (2,276 | )
Total earnings (loss) before income taxes |  | $ | 5,961 |  |  | $ | (275,648 | ) |  | $ | (389 | )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Current tax provision: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 3,994 |  |  | $ | 3,002 |  |  | $ | 593 |
U.S. State |  |  | 1,212 |  |  |  | 1,678 |  |  |  | 538 |
Foreign |  |  | 2,790 |  |  |  | 2,330 |  |  |  | 1,070 |
Total current tax expense |  |  | 7,996 |  |  |  | 7,010 |  |  |  | 2,201 |
Deferred tax provision: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | 63 |  |  |  | (20,387 | ) |  |  | (1,432 | )
U.S. State |  |  | 13 |  |  |  | (1,853 | ) |  |  | (210 | )
Foreign |  |  | (137 | ) |  |  | (6,172 | ) |  |  | (1,878 | )
Total deferred tax (benefit) |  |  | (61 | ) |  |  | (28,412 | ) |  |  | (3,520 | )
Total income tax expense (benefit) |  | $ | 7,935 |  |  | $ | (21,402 | ) |  | $ | (1,319 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | Amount |  |  |  | % |  | Amount |  |  |  | % |  | Amount |  |  |  | %
Earnings (loss) before income taxes |  | $ | 5,961 |  |  |  |  |  |  | $ | (275,648 | ) |  |  |  |  |  | $ | (389 | ) |  |  |  |
Federal income taxes at statutory rates |  |  | 1,251 |  |  |  | 21.0 | % |  |  | (57,886 | ) |  |  | 21.0 | % |  |  | (82 | ) |  |  | 21.0 | %
State income taxes, net of federal benefit |  |  | 317 |  |  |  | 5.3 | % |  |  | (2,508 | ) |  |  | 0.9 | % |  |  | (1,075 | ) |  |  | 276.3 | %
Compensation adjustments |  |  | 2,283 |  |  |  | 38.3 | % |  |  | 2,738 |  |  |  | (1.0 | %) |  |  | 1,506 |  |  |  | (387.1 | %)
Research and development credit |  |  | (1,054 | ) |  |  | (17.7 | %) |  |  | (1,093 | ) |  |  | 0.4 | % |  |  | (1,010 | ) |  |  | 259.6 | %
Return to provision adjustment |  |  | 516 |  |  |  | 8.7 | % |  |  | (182 | ) |  |  | 0.1 | % |  |  | (125 | ) |  |  | 32.1 | %
Subpart F, GILTI, & FDII |  |  | (484 | ) |  |  | (8.1 | %) |  |  | (412 | ) |  |  | 0.1 | % |  |  | (127 | ) |  |  | 32.6 | %
Foreign rate differential |  |  | 2,047 |  |  |  | 34.3 | % |  |  | (566 | ) |  |  | 0.2 | % |  |  | (313 | ) |  |  | 80.5 | %
Permanent difference |  |  | 47 |  |  |  | 0.8 | % |  |  | 479 |  |  |  | (0.2 | %) |  |  | 33 |  |  |  | (8.5 | %)
Goodwill impairment |  |  | - |  |  |  | - | % |  |  | 32,594 |  |  |  | (11.8 | %) |  |  | - |  |  |  | - | %
Valuation allowance |  |  | 3,019 |  |  |  | 50.6 | % |  |  | 5,398 |  |  |  | (2.0 | %) |  |  | (126 | ) |  |  | 32.4 | %
Other |  |  | (7 | ) |  |  | (0.1 | %) |  |  | 36 |  |  |  | - | % |  |  | - |  |  |  | - | %
Total income tax expense (benefit) | ( | $ | 7,935 |  |  |  | 133.1 | % |  | $ | (21,402 | ) |  |  | 7.8 | % |  | $ | (1,319 | ) |  |  | 339.1 | %
Effective income tax rate |  |  | 133.12 | % |  |  |  |  |  |  | 7.76 | % |  |  |  |  |  |  | 339.07 | % |  |  |  |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |  |  |
Capitalized research expenditures |  | $ | 8,148 |  |  | $ | 5,116 |
Credits |  |  | 2,774 |  |  |  | 2,528 |
Allowances and reserves |  |  | 2,687 |  |  |  | 3,033 |
Stock compensation deductible differences |  |  | 1,632 |  |  |  | 1,346 |
Operating lease liabilities |  |  | 1,860 |  |  |  | 2,182 |
Inventories |  |  | 1,153 |  |  |  | 668 |
Net operating loss |  |  | 3,219 |  |  |  | 6,633 |
Other |  |  | 265 |  |  |  | 187 |
Deferred tax assets, gross |  |  | 21,738 |  |  |  | 21,693 |
Valuation allowance |  |  | (8,999 | ) |  |  | (5,975 | )
Deferred tax assets, net |  |  | 12,739 |  |  |  | 15,718 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  |  | (1,843 | ) |  |  | (2,120 | )
Goodwill and intangible assets |  |  | (26,854 | ) |  |  | (28,694 | )
Property, plant and equipment |  |  | (2,273 | ) |  |  | (2,813 | )
Other |  |  | (579 | ) |  |  | (579 | )
Total deferred tax liabilities |  |  | (31,549 | ) |  |  | (34,206 | )
Deferred tax asset/(liabilities) |  |  | (18,810 | ) |  |  | (18,488 | )
Summary of Valuation Allowance [Table Text Block] |
|  | Year Ended March 31, |
|  | 2025 |  |  | 2024 |
Beginning balance |  | $ | 5,975 |  |  | $ | 582 |
Additions charged to income tax expense and other accounts |  |  | 3,657 |  |  |  | 5,398 |
Deductions from reserves |  |  | (637 | ) |  |  | (5 | )
Cumulative translation adjustment |  |  | 4 |  |  |  | - |
Ending balance |  | $ | 8,999 |  |  | $ | 5,975 |
Summary of Operating Loss Carryforwards [Table Text Block] |
|  | March 31, 2025 |  |  | Expiration Date |
Pre-2018 federal NOL carryforwards |  | $ | - |  |  |  | N/A |
Post-2018 federal NOL carryforwards |  |  | - |  |  | Indefinite |
State NOL carryforwards |  |  | 9,094 |  |  | March 31, 2030 |
Foreign NOL carryforwards |  |  | 11,671 |  |  | Indefinite |
|  | March 31, 2024 |  |  | Expiration Date |
Pre-2018 federal NOL carryforwards |  | $ | - |  |  |  | N/A |
Post-2018 federal NOL carryforwards |  |  | - |  |  | Indefinite |
State NOL carryforwards |  |  | 8,709 |  |  | March 31, 2035 |
Foreign NOL carryforwards |  |  | 22,595 |  |  | Indefinite |
Summary of Tax Credit Carryforwards [Table Text Block] |
|  | March 31, 2025 |  |  | Expiration Date |
Federal research tax credit carryforwards |  | $ | - |  |  |  | N/A |
State research tax credits carryforwards |  |  | 3,492 |  |  | March 31, 2036 |
Federal foreign tax credit carryforwards |  |  | 15 |  |  | March 31, 2037 |
|  | March 31, 2024 |  |  | Expiration Date |
Federal research tax credit carryforwards |  | $ | - |  |  |  | N/A |
State research tax credits carryforwards |  |  | 3,181 |  |  | March 31, 2036 |
Federal foreign tax credit carryforwards |  |  | 15 |  |  | March 31, 2037 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | Year Ended March 31, |
|  | 2025 |  |  | 2024 |
Beginning balance |  | $ | - |  |  | $ | 92 |
(Decrease) increase related to prior period tax positions |  |  | - |  |  |  | (92 | )
Increases related to current period tax positions |  |  | - |  |  |  | - |
Ending balance |  | $ | - |  |  | $ | - |
Summary of Income Tax Examinations [Table Text Block] |
Significant Jurisdictions |  |  | Open Years |
U.S. Federal |  |  | 2021-2023 |
U.S. States |  |  | 2021-2023 |
Foreign |  |  | 2017-2023 |

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