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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net (loss) income $ 893,000 $ (21,039,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 4,822,000 5,330,000
Amortization of debt issuance costs 1,194,000 1,085,000
Amortization of interest on contract liabilities 329,000 396,000
Accrued interest on convertible notes, related party 1,936,000 1,760,000
Amortization of core premiums paid to customers 5,355,000 4,872,000
Amortization of finished goods premiums paid to customers 480,000 477,000
Noncash lease expense 4,985,000 4,988,000
Foreign exchange impact of lease liabilities and forward contracts (9,817,000) 16,506,000
Change in fair value of compound net derivative liability 4,050,000 (2,200,000)
Gain on short-term investments (235,000) (132,000)
Net provision for inventory reserves 4,126,000 7,455,000
Net provision for customer payment discrepancies and credit losses 836,000 355,000
Deferred income taxes (481,000) (3,325,000)
Share-based compensation expense 2,930,000 2,016,000
Loss on disposal of plant and equipment 17,000 67,000
Changes in operating assets and liabilities:    
Accounts receivable (13,049,000) (17,216,000)
Inventory (16,340,000) 11,109,000
Prepaid expenses and other current assets 853,000 456,000
Other assets 343,000 (1,341,000)
Accounts payable and accrued liabilities 25,149,000 (12,671,000)
Customer finished goods returns accrual 3,541,000 (613,000)
Contract assets (1,136,000) (4,865,000)
Contract liabilities 15,958,000 15,359,000
Operating lease liabilities (5,013,000) (4,470,000)
Other liabilities 167,000 (2,348,000)
Net cash provided by operating activities 31,893,000 2,011,000
Cash flows from investing activities:    
Purchase of plant and equipment (1,833,000) (1,047,000)
Redemption of short-term investments 91,000 68,000
Net cash used in investing activities (1,742,000) (979,000)
Cash flows from financing activities:    
Borrowings under revolving loan 363,711,000 202,628,000
Repayments of revolving loan (382,079,000) (205,937,000)
Payments for debt issuance costs 0 (15,000)
Payments on finance lease obligations (813,000) (860,000)
Exercise of stock options 101,000  
Cash used to net share settle equity awards (1,906,000) (181,000)
Repurchase of common stock, including fees (3,355,000) 0
Net cash used in financing activities (24,341,000) (4,365,000)
Effect of exchange rate changes on cash and cash equivalents 471,000 (228,000)
Net increase (decrease) in cash and cash equivalents 6,281,000 (3,561,000)
Cash and cash equivalents — Beginning of period 9,429,000 13,974,000
Cash and cash equivalents — End of period 15,710,000 10,413,000
Supplemental disclosures of cash flow information:    
Cash paid for interest, net 22,232,000 24,843,000
Cash paid for income taxes, net of refunds 3,521,000 3,276,000
Cash paid for operating leases 7,212,000 6,804,000
Cash paid for finance leases 965,000 956,000
Plant and equipment acquired under finance leases 1,928,000 164,000
Assets acquired under operating leases 298,000 2,512,000
Accrued capital expenditures $ 185,000 $ 24,000