Note 12 - Accounts Payable and Accrued Expenses

12 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

12. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at March 31, 2026 and March 31, 2025 consisted of the following (in thousands):

		*March 31, 2026*				*March 31, 2025*
Accounts payable		$	13,015			$	6,733
Accrued inventories in-transit			1,104				2,111
Accrued other miscellaneous expenses			5,769				3,697
Advanced deposits			3,491				1,267
Accrued compensation			15,518				13,418
Income taxes payable			641				305
Accrued product warranty			4,684				3,033
Accrued commissions			2,323				1,718
Total		$	46,545			$	32,282

The Company generally provides a one to three year warranty on its products, commencing upon delivery or installation where applicable. A provision is recorded upon revenue recognition to cost of revenues for estimated warranty expense based on historical experience.

Product warranty activity was as follows (in thousands):

		*Fiscal Years Ended March 31,*
		*2026*				*2025*
Balance at beginning of period		$	3,033			$	2,363
Acquired warranty obligations			450				637
Provisions for warranties during the period			2,672				1,641
Settlements during the period			(1,471	)			(1,608	)
Balance at end of period		$	4,684			$	3,033