v3.26.1
Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Tax Expense (Benefit)
The provision for income tax expense (benefit) consisted of the following:
 Year Ended March 31,
 202620252024
Current income tax expense (benefit):
United States Federal$15,648 $6,843 $15,375 
State taxes4,401 850 2,715 
Foreign13,416 12,226 12,097 
Deferred income tax expense (benefit):
United States866 (17,411)(12,451)
Foreign(11,401)(2,875)(2,834)
 $22,930 $(367)$14,902 
Schedule of Cash Flow, Supplemental Disclosures
Income taxes paid (net of refunds received):
Year Ended March 31,
202620252024
Federal$24,674 $2,568 $15,536 
State and Local$5,218 $1,999 $2,134 
Foreign
Germany$5,680 $7,339 $3,550 
Hungary$— $1,568 $— 
Mexico$— $— $1,948 
Netherlands$— $1,386 $— 
United Kingdom$— $1,286 $— 
Other$10,277 $4,375 $5,200 
Total net income tax payments$45,850 $20,520 $28,369 
Schedule of Effective Income Tax Rate Reconciliation The sources and tax effects of the differences were as follows:
Year Ended March 31,
202620252024
US Federal Statutory Rate$(43,367)21 %$(1,156)21 %$12,918 21 %
State and Local Income Taxes, Net of Federal Income Tax Effect*$3,550 (2)%$(514)9 %$652 1 %
Foreign Tax Effects
Germany:
State and local income taxes$— —$486 (9)%$972 2 %
Enacted changes in tax laws or rates$(2,387)1 %$— —$— —
Goodwill impairment$13,318 (6)%$— —$— —
Other$(740)0 %$3 0 %$64 0 %
Hungary:
Statutory rate difference between Hungary and United States$— —$(1,718)31 %$(1,538)(3)%
Other$— —$294 (5)%$528 1 %
Mexico:
Valuation allowance$— —$445 (8)%$— —
Other$— —$794 (14)%$383 1 %
China$— —$315 (6)%$— —
Panama$— —$(348)6 %$— —
Other Jurisdictions$1,038 (1)%$271 (5)%$955 2 %
Effect of Cross Border Tax Laws
US benefit on foreign derived income$— —$— —$(1,604)(3)%
Subpart F$— —$— —$427 1 %
GILTI$— —$— —$879 1 %
Other$(17)0 %$68 (1)%$— —
Tax Credits
Research & development tax credits$— —$(946)17 %$(986)(2)%
Other$(540)0 %$— —$— —
Changes in Valuation Allowances$3,455 (2)%$5 0 %$(45)0 %
Nontaxable or Nondeductible Items
Employee benefits$— —$483 (9)%$1,347 2 %
Goodwill impairment$37,640 (18)%$— —$— —
Transaction costs$9,514 (5)%$— —$525 1 %
Other$714 0 %$68 (1)%$141 0 %
Changes in Unrecognized Tax Benefits$121 0 %$600 (11)%$(811)(1)%
Other Adjustments
Interest income from tax refunds$— —$(505)9 %$— —
Stranded tax effects$— —$962 (17)%$— —
Other$631 0 %$27 0 %$93 0 %
Effective Tax Rate$22,930 (11)%$(367)7 %$14,902 24 %
*In FY26 State taxes in Wisconsin, Oklahoma, Illinois, and Texas made up the majority (greater than 50%) of the tax effect in this category. In FY25 Illinois, Michigan, California, Georgia, and Indiana, and in FY24 Massachusetts, Texas, New Jersey, Pennsylvania, California, and Georgia made up the majority (greater than 50%) of the tax effect in this category.
Schedule of Deferred Tax Assets and Deferred Tax Liabilities The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:
 March 31,
 20262025
Deferred tax assets:
Federal net operating loss carryforwards$34,197 $10,649 
State and foreign tax loss and credit carryforwards34,043 8,992 
Employee benefit plans11,744 9,624 
Inventory5,015 4,243 
Insurance reserves3,576 3,060 
Accrued vacation and incentive costs5,554 2,943 
Federal tax credit carryforwards17,885 12,080 
ASC 842 Lease Liability21,695 19,996 
Equity compensation6,061 5,309 
Capitalized Research and Development Costs1,220 15,069 
Interest Carryforwards95,909 10,411 
Unrealized Losses3,755 — 
Other Reserves9,098 — 
Other1,456 341 
Valuation allowance(65,908)(15,802)
Deferred tax assets after valuation allowance185,300 86,915 
Deferred tax liabilities:
Property, plant, and equipment(54,018)(5,909)
ASC 842 Right-of-Use Asset(18,604)(16,807)
Intangible Assets(414,406)(88,275)
Deferred Revenue(5,657)— 
Unremitted Earnings(14,868)(1,322)
Total deferred tax liabilities(507,553)(112,313)
Net deferred tax assets (liabilities)$(322,253)$(25,398)
Schedule of Classification of Deferred Income Taxes in Consolidated Balance Sheet
Deferred income taxes are classified within the consolidated balance sheets based on the following breakdown:

 March 31,
 20262025
Net non-current deferred tax assets$2,064 $2,904 
Net non-current deferred tax liabilities(324,317)(28,302)
Net deferred tax assets (liabilities)$(322,253)$(25,398)
Schedule of Uncertain Income Tax Positions
Changes in the Company’s uncertain income tax positions, excluding the related accrual for interest and penalties, are as follows:
 202620252024
Beginning balance$999 $411 $411 
Additions for prior year tax positions1,478 563 — 
Foreign currency translation49 25 — 
Ending balance$2,526 $999 $411