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REVENUE RECOGNITION
 12 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
We conduct our operations in three reportable segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions. With the adoption of ASC Topic 606, we have concluded that the disaggregation of revenues that would be most useful in understanding the nature, timing and extent of revenue recognition is the breakout of build-to-order and book-and-ship, as defined below:

Build-to-order products are architecturally-specified building products generally sold into the construction industry. Revenue generated from sales of products under build-to-order transactions are currently reflected in the results of our Engineered Building Solutions segment. Occasionally, our built-to-order business lines enter into arrangements for the delivery of a customer-specified product and the provision of installation services. These orders are generally negotiated as a package and are commonly subject to retainage by the customer, which means the final 10% of the transaction price, when applicable, is not collectible until the overall construction project into which our products are incorporated is complete. The lead times for transfer to the customer can be up to 12 weeks. Revenue for goods is recognized at a point in time, but installation services are recognized over time as those services are performed. Installation services represented approximately 2% of total consolidated revenue for the year ended March 31, 2024.

Book-and-ship products are sold across all of our end markets. Revenue generated from sales of products under book-and-ship transactions have historically been presented in the Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions segments. These sales are typically priced on a product-by-product basis using price lists provided to our customers. The lead times for transfer to the customer is usually one week or less as these items are generally built to stock. Revenue for products sold under these arrangements is recognized at a point in time.

Disaggregation of revenues reconciled to our reportable segments is as follows (in thousands):

Year Ended March 31, 2024
Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsTotal
Build-to-order$— $— $99,760 $99,760 
Book-and-ship528,641 149,458 14,981 693,080 
Net revenues$528,641 $149,458 $114,741 $792,840 

Year Ended March 31, 2023
Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsTotal
Build-to-order$— $— $89,964 $89,964 
Book-and-ship506,634 147,301 14,005 667,940 
Net revenues$506,634 $147,301 $103,969 $757,904 

Year Ended March 31, 2022
Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsTotal
Build-to-order$— $— $88,690 $88,690 
Book-and-ship413,207 115,932 8,606 537,745 
Net revenues$413,207 $115,932 $97,296 $626,435 
Contract liabilities, which are included in accrued and other current liabilities in our consolidated balance sheets were as follows (in thousands):
Balance at April 1, 2023$637 
Revenue recognized (607)
New contracts and revenue added to existing contracts 518 
Balance at March 31, 2024$548