XML 55 R36.htm IDEA: XBRL DOCUMENT v3.25.1

Note 12 - Income Taxes (Tables)

12 Months Ended

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

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15

+ Details

Name:	us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration