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Revenue Recognition (Tables) | 9 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Deferred Revenue Rollforward | As shown in the following table, under the PetPlus program, the Company recognized $1.8 million and $5.3 million of previously deferred annual membership fees in the three and nine months ended December 31, 2023, respectively, and had $3.1 million of deferred revenue as of the quarter ended December 31, 2023 (amounts in millions).
|  | 2023
Deferred revenue, March 31, |  | $ | – |
Deferred revenue acquired with PetCareRx |  | 3.0 |
Deferred memberships fees received |  | 2.0 |
Deferred membership fee revenue recognized |  | (1.8) |
Deferred revenue, June 30, |  | 3.2 |
Deferred memberships fees received |  | 2.1 |
Deferred membership fee revenue recognized |  | (1.7) |
Deferred revenue, September 30, |  | 3.6 |
Deferred memberships fees received |  | 1.3 |
Deferred membership fee revenue recognized |  | (1.8) |
Deferred revenue, December 31, |  | $ | 3.1 |
Summary of Disaggregation of Revenue | The following table illustrates sales in those categories:
|  | Three Months Ended December 31, |  | Increase (Decrease)
Revenue (in thousands) |  | 2023 |  | % |  | 2022 |  | % |  | $ |  | %
Reorder sales |  | $ | 57,682 |  |  | 88.3 | % |  | $ | 53,316 |  |  | 90.6 | % |  | $ | 4,366 |  |  | 8.2 | %
New order sales |  | 5,189 |  |  | 7.9 | % |  | 5,554 |  |  | 9.4 | % |  | (365) |  |  | -6.6 | %
Membership fees |  | 2,446 |  |  | 3.7 | % |  | – |  |  | – | % |  | 2,446 |  |  | – | %
Total net sales |  | $ | 65,317 |  |  | 100.0 | % |  | $ | 58,870 |  |  | 100.0 | % |  | $ | 6,447 |  |  | 11.0 | %
|  | Nine Months Ended December 31, |  | Increase (Decrease)
Revenue (in thousands) |  | 2023 |  | % |  | 2022 |  | % |  | $ |  | %
|  |  |  |  |  | (as restated) |  |  |  |
Reorder sales |  | $ | 188,123 |  |  | 87.7 | % |  | $ | 176,131 |  |  | 90.7 | % |  | $ | 11,992 |  |  | 6.8 | %
New order sales |  | 19,181 |  |  | 8.9 | % |  | 18,041 |  |  | 9.3 | % |  | 1,140 |  |  | 6.3 | %
Membership fees |  | 7,256 |  |  | 3.4 | % |  | – |  |  | – | % |  | 7,256 |  |  | – | %
Total net sales |  | $ | 214,560 |  |  | 100.0 | % |  | $ | 194,172 |  |  | 100.0 | % |  | $ | 20,388 |  |  | 10.5 | %

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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