Annual report pursuant to Section 13 and 15(d)

Inventories

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Inventories
 12 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
Inventories Inventories
    Inventories consisted of the following:
March 31,
2024 2023
Raw materials $ 58,197  $ 53,845 
Work in process 5,339  5,338 
Finished goods 26,552  29,511 
  90,088  88,694 
Valuation reserves (3,767) (6,562)
Inventories, net $ 86,321  $ 82,132 
     The following table summarizes the annual changes in our valuation reserve accounts:
Balance as of March 31, 2022 $ 1,835 
Additions in reserve(1)
5,535 
Charged to reserve (808)
Balance as of March 31, 2023 6,562 
Additions in reserve 1,364 
Charged to reserve(2)
(4,159)
Balance as of March 31, 2024 $ 3,767 
(1) - We increased our valuation reserve in connection with the Russia Exit by $4,325 in fiscal 2023.
(2) - Once we completed the Russia Exit, we released the reserve related to our Russian entity of $3,327. Refer to Note 14, "Restructuring and Other Charges/(Income)" for more information.