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BALANCE SHEET INFORMATION | 12 Months Ended
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Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET INFORMATION | BALANCE SHEET INFORMATION Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands):
Manufacturing inventories | March 31,
| 2025 |  | 2024 |  |
Manufactured finished goods | $ | 10,471 |  |  | $ | 7,074 |  |  |
Work in progress | 380 |  |  | 769 |  |  |
Raw materials | 9,485 |  |  | 9,910 |  |  |
Total manufacturing inventories | $ | 20,336 |  |  | $ | 17,753 |  |  |
Service inventories | March 31,
| 2025 |  | 2024 |  |
Finished goods | $ | 1,189 |  |  | $ | 3,660 |  |  |
Component parts | 909 |  |  | 6,123 |  |  |
Total service inventories | $ | 2,098 |  |  | $ | 9,783 |  |  |
Property and equipment, net | March 31,
| 2025 |  | 2024 |  |
Machinery and equipment, and software | $ | 47,385 |  |  | $ | 49,095 |  |  |
Leasehold improvements | 13,529 |  |  | 12,473 |  |  |
Furniture and fixtures | 1,095 |  |  | 1,109 |  |  |
| 62,009 |  |  | 62,677 |  |  |
Less: accumulated depreciation | (50,631) |  |  | (50,649) |  |  |
Total property, plant and equipment, net | $ | 11,378 |  |  | $ | 12,028 |  |  |
Depreciation expense for property and equipment was $4.2 million and $6.0 million for the years ended March 31, 2025 and 2024, respectively.
Intangibles, net |  | March 31, 2025 |  | March 31, 2024 |  |
|  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |  |  |  |  |  |
Developed technology |  | $ | 9,013 |  |  | $ | (9,013) |  |  | $ | — |  |  | $ | 9,013 |  |  | $ | (8,550) |  |  | $ | 463 |  |  |  |  |  |  |
Customer lists |  | 4,398 |  |  | (4,117) |  |  | 281 |  |  | 4,398 |  |  | (3,192) |  |  | 1,206 |  |  |  |  |  |  |
Intangible assets, net |  | $ | 13,411 |  |  | $ | (13,130) |  |  | $ | 281 |  |  | $ | 13,411 |  |  | $ | (11,742) |  |  | $ | 1,669 |  |  |  |  |  |  |
Intangible assets amortization expense was $1.4 million and $3.3 million for the years ended March 31, 2025 and 2024, respectively. As of March 31, 2025, the remaining weighted-average amortization period for definite-lived intangible assets was approximately 0.3 years. The Company recorded amortization of developed technology in cost of product revenue, and customer lists in sales and marketing expenses in the consolidated statements of operations. As of March 31, 2025, the future expected amortization expense for intangible assets is as follows (in thousands):
Fiscal year ending |  | Estimated future amortization expense
Fiscal year 2026 |  | $ | 281 |
Total |  | $ | 281 |
Goodwill |  | Amount
Balance at March 31, 2024 |  | $ | 12,969 |
Goodwill acquired |  | — |
Balance at March 31, 2025 |  | $ | 12,969 |
Other long-term assets | March 31,
| 2025 |  | 2024 |  |
Capitalized SaaS implementation costs for internal use | $ | 13,910 |  |  | $ | 15,349 |  |  |
Capitalized debt costs | 2,871 |  |  | 1,923 |  |  |
Contract cost asset | 1,144 |  |  | 1,477 |  |  |
Other | 1,463 |  |  | 991 |  |  |
Total other long-term assets | $ | 19,388 |  |  | $ | 19,740 |  |  |
Other accrued liabilities | March 31,
| 2025 |  | 2024 |  |
Accrued expenses | $ | 7,558 |  |  | $ | 4,251 |  |  |
Asset retirement obligation | 3,497 |  |  | 2,069 |  |  |
Accrued income taxes | 528 |  |  | 1,044 |  |  |
Accrued warranty | 1,032 |  |  | 1,545 |  |  |
Accrued interest | 350 |  |  | 524 |  |  |
Lease liability | 856 |  |  | 1,256 |  |  |
Other | 4,161 |  |  | 3,297 |  |  |
Total other accrued liabilities | $ | 17,982 |  |  | $ | 13,986 |  |  |
The following table details the change in the accrued warranty balance (in thousands):
| Year Ended March 31,
| 2025 |  | 2024 |  |
Balance as of April 1 | $ | 1,545 |  |  | $ | 2,094 |  |  |
Current period accruals | 2,333 |  |  | 2,563 |  |  |
Adjustments to prior estimates | 46 |  |  | (141) |  |  |
Charges incurred | (2,735) |  |  | (2,971) |  |  |
Reclassification to long-term warranty | (157) |  |  | $ | — |  |  |
Balance as of March 31 | $ | 1,032 |  |  | $ | 1,545 |  |  |

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