Organization and Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Mar. 31, 2024 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Cash and Cash Equivalents |
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March 31,
2024 |
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March 31,
2023 |
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March 31,
2022 |
| Cash and cash equivalents |
$ |
48,631 |
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$ |
35,635 |
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$ |
41,445 |
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| Restricted cash included in prepaid expenses and other current assets |
1,800 |
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|
2,859 |
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|
2,486 |
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| Restricted cash included in other non-current assets |
— |
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26 |
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— |
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| Total cash, cash equivalents, and restricted cash shown in the statement of cash flows |
$ |
50,431 |
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$ |
38,520 |
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$ |
43,931 |
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| Schedule of Changes in Allowance for credit losses |
The following table summarizes the annual changes in our allowance for credit losses:
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| Balance at March 31, 2021 |
$ |
2,074 |
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Additions to reserve |
683 |
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Write-off of uncollectible accounts |
(580) |
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| Balance at March 31, 2022 |
2,177 |
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Additions to reserve |
1,377 |
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Write-off of uncollectible accounts |
(872) |
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| Balance at March 31, 2023 |
2,682 |
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Additions to reserve |
516 |
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Write-off of uncollectible accounts |
(1,770) |
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| Balance at March 31, 2024 |
$ |
1,428 |
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| Schedule of Property, Plant and Equipment |
Depreciation is computed using the straight-line method over the following useful lives:
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Years |
| Buildings and improvements |
10 |
- |
30 |
| Machinery and equipment |
3 |
- |
25 |
| Office furniture and equipment |
3 |
- |
10 |
| Internally developed software |
5 |
- |
7 |
Property, plant and equipment consisted of the following:
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March 31, |
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2024 |
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2023 |
| Land, buildings and improvements |
$ |
57,514 |
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$ |
55,456 |
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| Machinery and equipment |
57,892 |
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|
48,912 |
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| Office furniture and equipment |
19,239 |
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|
18,164 |
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| Internally developed software |
5,069 |
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|
5,069 |
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| Construction in progress |
2,043 |
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|
3,137 |
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| Property, plant and equipment at cost |
141,757 |
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|
130,738 |
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| Accumulated depreciation |
(73,422) |
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(67,450) |
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| Property, plant and equipment, net |
$ |
68,335 |
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$ |
63,288 |
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| Schedule of Error Corrections and Prior Period Adjustments |
We believe the errors were not material to any one quarterly or annual period. Accordingly, we have corrected the errors in this Annual Report on Form 10-K as follows for the periods presented in this report:
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| Income/(Loss) from Operations: |
Year ended March 31, 2023 |
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As reported |
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Adjustments |
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As corrected |
| United States and Latin America |
$ |
38,808 |
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$ |
(8,093) |
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$ |
30,715 |
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| Canada |
36,173 |
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— |
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36,173 |
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| Europe, Middle East and Africa |
(17,488) |
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8,093 |
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(9,395) |
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| Asia-Pacific |
5,431 |
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— |
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5,431 |
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| Unallocated: |
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| Public company costs |
(1,780) |
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— |
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(1,780) |
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| Stock compensation |
(5,954) |
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— |
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(5,954) |
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$ |
55,190 |
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$ |
— |
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$ |
55,190 |
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| Total Assets |
March 31, 2023 |
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as reported |
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Adjustments |
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as corrected |
| United States and Latin America |
$ |
270,404 |
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$ |
14,330 |
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$ |
284,734 |
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| Canada |
287,221 |
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(10,125) |
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|
277,096 |
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| Europe, Middle East and Africa |
57,680 |
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— |
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57,680 |
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| Asia-Pacific |
34,324 |
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(4,205) |
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30,119 |
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$ |
649,629 |
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$ |
— |
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$ |
649,629 |
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