ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):



	Twelve Months Ended March 31,
		2026		2025		2024
Basic earnings (loss) per share:
Net earnings (loss) from continuing operations		$	144,776	$	(2,502)	$	10,091
Earnings from discontinued operations, net of tax		1,176		1,688		1,790
Net earnings (loss)		$	145,952	$	(814)	$	11,881

Basic weighted-average shares outstanding		64,105		66,126		66,266
Dilutive effect of common stock options and restricted stock units as computed under the treasury stock method (1)		940		—		1,652
Diluted weighted-average shares outstanding		65,045		66,126		67,918

Basic earnings (loss) per share:
Continuing operations		$	2.26	$	(0.04)	$	0.15
Discontinued operations		0.02		0.03		0.03
Basic earnings (loss) per share:		$	2.28	$	(0.01)	$	0.18

Diluted earnings (loss) per share:
Continuing operations		$	2.23	$	(0.04)	$	0.15
Discontinued operations		0.02		0.03		0.03
Diluted earnings (loss) per share:		$	2.24	$	(0.01)	$	0.17

Anti-dilutive equity awards under stock-based award plans excluded from the determination of diluted earnings per share		744		1,354		1,112

Earnings per share totals may not sum due to rounding.

(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company was 1.4 million for the twelve months ended March 31, 2025.

A summary of the activity of the allowance for credit losses, returns and credits was (dollars in thousands):


Twelve months ended:	Balance at beginning of period		Additions charged to costs and expenses	Other changes	Bad debts written off, net of amounts recovered	Balance at end of period
March 31, 2024	$	9,344	2,254	755	(3,154)	$	9,199
March 31, 2025	$	9,199	695	7	(2,203)	$	7,698
March 31, 2026	$	7,698	1,991	40	(2,041)	$	7,688

Weighted Average Useful Life (years)


Accounting Pronouncements Adopted During the Current Year -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
Accounting Standard Update (“ASU”) 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures	ASU 2023-09 requires greater disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income tax paid.	The ASU became effective for the Company's annual periods beginning with fiscal 2026.	ASU 2023-09 affected financial statement disclosure only, and its adoption did not affect our financial condition and results of operations.


Recent accounting pronouncements not yet adopted -

Standard	Description	Date of Adoption	Effect on Financial Statements or Other Significant Matters
ASU 2024-03 Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses	ASU 2024-03 requires more detailed information about the types of expenses included in certain expense captions presented on the consolidated statements of operations. Additionally, this amendment requires the disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively and the disclosure of the total amount of selling expenses. The new guidance does not change the expense captions on the statements of operations.	The updated standard is effective for us beginning in fiscal 2028. Early adoption is permitted.	We are currently evaluating the impact that the updated standard will have on our consolidated financial statements and disclosures.
ASU 2025-06 Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software	ASU 2025-06 modernizes the accounting for internal-use software. It removes all references to software development stages and requires capitalization of software costs when management has committed to the software project and it is probable the software will be completed and perform its intended use.	The updated standard is effective for us beginning in fiscal 2029. Early adoption is permitted.	We are currently evaluating the impact that the updated standard will have on our consolidated financial statement disclosures.
ASU 2025-11 Interim Reporting (Topic 270): Narrow-Scope Improvements	ASU 2025-11 is intended to update the guidance in Topic 270 by improving navigability of the required interim disclosures, clarifying when that guidance is applicable and adding a principle that requires reporting entities to disclose events since the end of the last annual reporting period that have a material impact on the entity.	The updated standard is effective for us beginning in fiscal 2029. Early adoption is permitted.	We are currently evaluating the impact that the updated standard will have on our consolidated financial statement disclosures.