XML 47 R27.htm IDEA: XBRL DOCUMENT
v3.24.4

BALANCE SHEET INFORMATION (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract] |  |
Schedule of manufacturing inventories | Manufacturing inventories
| September 30, 2024 |  | March 31, 2024
Finished goods | $ | 9,349 |  |  | $ | 7,074 |
Work in progress | 668 |  |  | 769 |
Raw materials | 8,948 |  |  | 9,910 |
Total manufacturing inventories | $ | 18,965 |  |  | $ | 17,753 |
Schedule of service inventories | Service parts inventories
| September 30, 2024 |  | March 31, 2024
Finished goods | $ | 6,300 |  |  | $ | 3,660 |
Component parts | 2,728 |  |  | 6,123 |
Total service parts inventories | $ | 9,028 |  |  | $ | 9,783 |
| Service inventories
| March 31,
| 2024 |  | 2023 |  | 2022
Finished goods | $ | 3,660 |  |  | $ | 19,834 |  |  | $ | 19,234 |
Component parts | 6,123 |  |  | 5,470 |  |  | 5,020 |
Total service inventories | $ | 9,783 |  |  | $ | 25,304 |  |  | $ | 24,254 |
Schedule of property and equipment |  | Property and equipment, net
| March 31,
| 2024 |  | 2023 |  | 2022
Machinery and equipment, and software | $ | 49,095 |  |  | $ | 48,534 |  |  | $ | 47,777 |
Leasehold improvements | 12,473 |  |  | 14,405 |  |  | 6,029 |
Furniture and fixtures | 1,109 |  |  | 863 |  |  | 844 |
| 62,677 |  |  | 63,802 |  |  | 54,650 |
Less: accumulated depreciation | (50,649) |  |  | (47,247) |  |  | (41,797) |
Total property, plant and equipment, net | $ | 12,028 |  |  | $ | 16,555 |  |  | $ | 12,853 |
Summary of carrying value of intangible assets | Intangibles, net
| September 30, 2024 |  | 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 |  |  | (3,656) |  |  | 742 |  |  | 4,398 |  |  | (3,192) |  |  | 1,206 |
Intangible assets, net | $ | 13,411 |  |  | $ | (12,669) |  |  | $ | 742 |  |  | $ | 13,411 |  |  | $ | (11,742) |  |  | $ | 1,669 |
| Intangibles, net
|  | March 31, 2024 |  | March 31, 2023 |  | March 31, 2022
|  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Developed technology |  | $ | 9,013 |  |  | $ | (8,550) |  |  | $ | 463 |  |  | $ | 9,013 |  |  | $ | (6,269) |  |  | $ | 2,744 |  |  | $ | 9,208 |  |  | $ | (3,121) |  |  | $ | 6,087 |
Customer lists |  | 4,398 |  |  | (3,192) |  |  | 1,206 |  |  | 4,398 |  |  | (2,201) |  |  | 2,197 |  |  | 4,600 |  |  | (1,103) |  |  | 3,497 |
Intangible assets, net |  | $ | 13,411 |  |  | $ | (11,742) |  |  | $ | 1,669 |  |  | $ | 13,411 |  |  | $ | (8,470) |  |  | $ | 4,941 |  |  | $ | 13,808 |  |  | $ | (4,224) |  |  | $ | 9,584 |
Future expected amortization expense for intangible assets | As of September 30, 2024, the future expected amortization expense for intangible assets is as follows (in thousands):
Fiscal year ending |  | Estimated future amortization expense
Remainder of 2025 |  | $ | 461 |
2026 |  | 281 |
Total |  | $ | 742 |
Goodwill rollforward |  | Goodwill
| Amount
Balance at March 31, 2022 | $ | 12,969 |
Goodwill acquired | — |
Balance at March 31, 2023 | $ | 12,969 |
Goodwill acquired | — |
Balance at March 31, 2024 | $ | 12,969 |
Schedule of other long-term assets |
Other long-term assets |
| September 30, 2024 |  | March 31, 2024 |  |
Capitalized SaaS implementation costs for internal use | $ | 14,880 |  |  | $ | 15,349 |  |  |
Capitalized debt costs | 2,664 |  |  | 1,923 |  |  |
Contract asset | 1,357 |  |  | 1,477 |  |  |
Deferred taxes | 759 |  |  | 734 |  |  |
Other | 424 |  |  | 257 |  |  |
Total other long-term assets | $ | 20,084 |  |  | $ | 19,740 |  |  |
| Other long-term assets
| March 31,
| 2024 |  | 2023 |  | 2022
Capitalized SaaS implementation costs for internal use | $ | 15,349 |  |  | $ | 11,483 |  |  | $ | 6,261 |
Capitalized debt costs | 1,923 |  |  | 1,690 |  |  | 1,779 |
Contract asset | 1,477 |  |  | 1,247 |  |  | 699 |
Deferred taxes | 734 |  |  | 1,054 |  |  | 866 |
Other | 257 |  |  | 372 |  |  | 320 |
Total other long-term assets | $ | 19,740 |  |  | $ | 15,846 |  |  | $ | 9,925 |
Schedule of other accrued liabilities |
Other accrued liabilities |  |  |  |
| September 30, 2024 |  | March 31, 2024 |
Accrued expenses | $ | 6,646 |  |  | $ | 4,251 |  |
Asset retirement obligation | 2,769 |  |  | 2,069 |  |
Accrued warranty | 1,353 |  |  | 1,545 |  |
Accrued interest | 458 |  |  | 524 |  |
Lease liability | 1,375 |  |  | 1,256 |  |
Accrued income taxes | 365 |  |  | 1,044 |  |
Other | 3,535 |  |  | 3,297 |  |
Total other accrued liabilities | $ | 16,501 |  |  | $ | 13,986 |  |
| Other accrued liabilities
| March 31,
| 2024 |  | 2023 |  | 2022
Accrued expenses | $ | 4,251 |  |  | $ | 1,988 |  |  | $ | 4,984 |
Asset retirement obligation | 2,069 |  |  | 2,513 |  |  | 4,590 |
Accrued income taxes | 1,044 |  |  | 1,509 |  |  | 943 |
Accrued warranty | 1,545 |  |  | 2,094 |  |  | 1,899 |
Accrued interest | 524 |  |  | 494 |  |  | 278 |
Lease liability | 1,256 |  |  | 1,364 |  |  | 1,727 |
Other | 3,297 |  |  | 3,704 |  |  | 2,141 |
Total other accrued liabilities | $ | 13,986 |  |  | $ | 13,666 |  |  | $ | 16,562 |
Schedule of accrued warranty balance | The following table details the change in the accrued warranty balance (in thousands):
| September 30, 2024 |  | March 31, 2024
Beginning balance | $ | 1,545 |  |  | $ | 2,094 |
Current period accruals | 1,172 |  |  | 2,563 |
Adjustments to prior estimates | 52 |  |  | (141) |
Charges incurred | (1,416) |  |  | (2,971) |
Ending balance | $ | 1,353 |  |  | $ | 1,545 |
| The following table details the change in the accrued warranty balance (in thousands):
| Year Ended March 31,
| 2024 |  | 2023 |  | 2022
Balance as of April 1 | $ | 2,094 |  |  | $ | 1,899 |  |  | $ | 2,383 |
Current period accruals | 2,563 |  |  | 3,477 |  |  | 3,717 |
Adjustments to prior estimates | (141) |  |  | (18) |  |  | (156) |
Charges incurred | (2,971) |  |  | (3,264) |  |  | (4,045) |
Balance as of March 31 | $ | 1,545 |  |  | $ | 2,094 |  |  | $ | 1,899 |

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of manufacturing inventories. + References No definition available. + Details
Name: | qtm_ScheduleOfManufacturingInventoriesTableTextBlock
Namespace Prefix: | qtm_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of service part inventories reported during the period. + References No definition available. + Details
Name: | qtm_ScheduleOfServicePartInventoriesTableTextBlock
Namespace Prefix: | qtm_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other current liabilities. + References No definition available. + Details
Name: | us-gaap_OtherCurrentLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-8 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration