v3.25.2
BALANCE SHEET INFORMATION
 12 Months Ended
Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET INFORMATION BALANCE SHEET INFORMATION
Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands):
Manufacturing inventoriesMarch 31,
20252024
   Manufactured finished goods$10,471 $7,074 
   Work in progress380 769 
   Raw materials9,485 9,910 
      Total manufacturing inventories$20,336 $17,753 

Service inventoriesMarch 31,
20252024
Finished goods$1,189 $3,660 
Component parts909 6,123 
   Total service inventories$2,098 $9,783 

Property and equipment, netMarch 31,
20252024
Machinery and equipment, and software$47,385 $49,095 
Leasehold improvements13,529 12,473 
Furniture and fixtures1,095 1,109 
 62,009 62,677 
Less: accumulated depreciation(50,631)(50,649)
   Total property, plant and equipment, net$11,378 $12,028 

Depreciation expense for property and equipment was $4.2 million and $6.0 million for the years ended March 31, 2025 and 2024, respectively.

Intangibles, netMarch 31, 2025March 31, 2024
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
   Developed technology$9,013 $(9,013)$— $9,013 $(8,550)$463 
   Customer lists4,398 (4,117)281 4,398 (3,192)1,206 
Intangible assets, net$13,411 $(13,130)$281 $13,411 $(11,742)$1,669 

Intangible assets amortization expense was $1.4 million and $3.3 million for the years ended March 31, 2025 and 2024, respectively. As of March 31, 2025, the remaining weighted-average amortization period for definite-lived intangible assets was approximately 0.3 years. The Company recorded amortization of developed technology in cost of product revenue, and customer lists in sales and marketing expenses in the consolidated statements of operations.
As of March 31, 2025, the future expected amortization expense for intangible assets is as follows (in thousands):

Fiscal year ending Estimated future amortization expense
Fiscal year 2026$281 
Total$281 
GoodwillAmount
Balance at March 31, 2024$12,969 
Goodwill acquired— 
Balance at March 31, 2025
$12,969 
Other long-term assetsMarch 31,
20252024
Capitalized SaaS implementation costs for internal use$13,910 $15,349 
Capitalized debt costs2,871 1,923 
Contract cost asset
1,144 1,477 
Other1,463 991 
   Total other long-term assets$19,388 $19,740 

Other accrued liabilitiesMarch 31,
20252024
Accrued expenses
$7,558 $4,251 
Asset retirement obligation
3,497 2,069 
Accrued income taxes
528 1,044 
Accrued warranty
1,032 1,545 
Accrued interest
350 524 
Lease liability856 1,256 
Other
4,161 3,297 
   Total other accrued liabilities$17,982 $13,986 

The following table details the change in the accrued warranty balance (in thousands):
 Year Ended March 31,
20252024
Balance as of April 1$1,545 $2,094 
   Current period accruals2,333 2,563 
   Adjustments to prior estimates46 (141)
   Charges incurred(2,735)(2,971)
   Reclassification to long-term warranty
(157)$— 
Balance as of March 31$1,032 $1,545