ACCRUED EXPENSES AND OTHER

6 Months Ended

Sep. 30, 2023

Other Liabilities Disclosure [Abstract]

NOTE 10 — ACCRUED EXPENSES AND OTHER

As of September 30, 2023 and March 31, 2023, accrued expenses and other included the following (dollars in thousands):


	September 30, 2023		March 31, 2023
Accrued acquisition earn-out	$	3,250	$	3,000
Other accruals		2,739		2,598
Compensation and benefits		1,903		1,412
Accrued project costs		1,532		1,218
Credits due to customers		1,142		1,310
Warranty		517		497
Sales tax		335		274
Sales returns reserve		175		71
Legal and professional fees		19		172
Total	$	11,612	$	10,552

Orion generally offers a limited warranty of one to ten years on its lighting products, including the pass through of standard warranties offered by major original equipment component manufacturers. The manufacturers’ warranties cover lamps, power supplies, LED modules, chips and drivers, control devices, and other fixture related items, which are significant components in Orion's lighting products.

Changes in Orion’s warranty accrual (both current and long-term) were as follows (dollars in thousands):


	For the Three Months Ended September 30,						For the Six Months Ended September 30,
	2023			2022			2023			2022
Beginning of period	$	654		$	811		$	646		$	860
Accruals		81			29			145			196
Warranty claims (net of vendor reimbursements)		(60	)		(142	)		(116	)		(358	)
End of period	$	675		$	698		$	675		$	698