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RESTRUCTURING EXPENSE | 9 Months Ended
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Dec. 31, 2025
Disclosure Text Block [Abstract] |
RESTRUCTURING EXPENSE | NOTE 18 — RESTRUCTURING As part of Orion's restructuring effort in fiscal 2025, Orion entered into certain retention bonus agreements with certain key employees. The remainder of those retention bonuses were paid in the third quarter of fiscal 2025 and are not anticipated to recur. In addition, an inventory write-off was recognized in the first quarter of fiscal 2025 for inventory related to a customer Orion no longer does busi ness with due to the restructuring, along with a lease breakage fee that occurred in the second quarter of fiscal 2025 due to the closing of the Pewaukee office. Orion's restructuring expense for the three and nine months ended December 31, 2025 and 2024 i s reflected within its Condensed Consolidated Statement of Operations as follows (dollars in thousands):
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cost of product revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 197 |
Cost of service revenue |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 149 |
General and administrative |  |  | — |  |  |  | 20 |  |  |  | — |  |  |  | 388 |
Total Restructuring |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  | $ | 734 |
Total restructuring expense by segment was recorded as follows (dollars in thousands):
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Segments: |  |  |  |  |  |  |  |  |  |  |  |
Maintenance |  | $ | — |  |  |  | 20 |  |  |  | — |  |  |  | 719 |
Corporate and Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15 |
Total Restructuring |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  | $ | 734 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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