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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net (loss) income $ (6,692,000) $ 4,544,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 6,214,000 6,364,000
Amortization of interest 698,000 856,000
Amortization of core premiums paid to customers 5,759,000 5,543,000
Amortization of finished goods premiums paid to customers 349,000 324,000
Noncash lease expense 3,873,000 3,656,000
Gain due to the change in the fair value of the contingent consideration 0 70,000
Foreign exchange impact of lease liabilities and forward contracts 1,760,000 1,384,000
Loss (gain) on short-term investments 387,000 (175,000)
Net provision for inventory reserves 8,715,000 6,305,000
Net provision for customer payment discrepancies and credit losses 1,012,000 961,000
Deferred income taxes (1,230,000) (434,000)
Share-based compensation expense 2,500,000 3,427,000
Loss on disposal of plant and equipment 16,000 34,000
Change in operating assets and liabilities:    
Accounts receivable 3,370,000 1,403,000
Inventory (26,286,000) (34,185,000)
Prepaid expenses and other current assets (3,039,000) (859,000)
Other assets (70,000) 108,000
Accounts payable and accrued liabilities 4,176,000 (21,512,000)
Customer finished goods returns accrual (10,533,000) 3,005,000
Contract assets, net (15,556,000) (47,006,000)
Contract liabilities, net 16,126,000 45,087,000
Operating lease liabilities (3,249,000) (2,701,000)
Other liabilities (5,254,000) (538,000)
Net cash used in operating activities (16,954,000) (24,339,000)
Cash flows from investing activities:    
Purchase of plant and equipment (2,644,000) (3,238,000)
Purchase of short-term investments (173,000) (245,000)
Net cash used in investing activities (2,817,000) (3,483,000)
Cash flows from financing activities:    
Borrowings under revolving loan 40,000,000 57,000,000
Repayments of revolving loan (32,000,000) (21,000,000)
Repayments of term loan (1,875,000) (1,875,000)
Payments for debt issuance costs (21,000) (1,102,000)
Payments on finance lease obligations (1,223,000) (1,427,000)
Exercise of stock options, net of cash used to pay employee taxes 777,000 432,000
Cash used to net share settle equity awards (969,000) (1,745,000)
Net cash provided by financing activities 4,689,000 30,283,000
Effect of exchange rate changes on cash and cash equivalents (323,000) (73,000)
Net (decrease) increase in cash and cash equivalents (15,405,000) 2,388,000
Cash and cash equivalents - Beginning of period 23,016,000 15,523,000
Cash and cash equivalents - End of period 7,611,000 17,911,000
Supplemental disclosures of cash flow information:    
Cash paid for interest, net 15,343,000 6,654,000
Cash paid for income taxes, net of refunds 12,336,000 4,525,000
Cash paid for operating leases 5,642,000 5,207,000
Cash paid for finance leases 1,355,000 1,613,000
Plant and equipment acquired under finance leases 529,000 252,000
Assets acquired under operating leases 967,000 15,953,000
Non-cash capital expenditures $ 272,000 $ 198,000