INVENTORY

12 Months Ended

Mar. 31, 2024

Inventories are stated at the lower of cost or net realizable value and include raw materials, supplies, direct labor and manufacturing overhead. Inventories are accounted for using a standard costing methodology, which approximates cost on a first-in, first-out (“FIFO”) basis.

The Inventories, net caption in the Consolidated Balance Sheet is comprised of the following components:


	March 31,
	2024		2023
Raw materials and supplies	$	44,866	$	48,300
Work in process	5,194		5,250
Finished goods	109,695		113,104
Total inventories	159,755		166,654

Less: Obsolescence reserve	(9,006)		(5,085)
Inventories, net	$	150,749	$	161,569