v3.26.1
Note 8 - Inventory
12 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

8. Inventory

 

Inventory, net of reserves, at  March 31, 2026 and  March 31, 2025 consisted of the following (in thousands):

 

  

March 31, 2026

  

March 31, 2025

 

Raw materials

 $54,247  $35,892 

Work-in-process

  26,873   19,633 

Finished goods

  15,049   9,888 

Deferred program costs

  7,579   5,756 

Inventory

 $103,748  $71,169 

 

The Company recorded inventory write-downs of $3.5 million, $1.5 million, and $2.0 million for the fiscal years ended  March 31, 20262025, and 2024 respectively. These write-downs were based on the Company's evaluation on its inventory on hand for excess quantities and obsolescence.

 

Deferred program costs as of  March 31, 2026 and  March 31, 2025 primarily represent costs incurred on programs where the Company needs to complete performance obligations before the related revenue and costs will be recognized.