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us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2024-04-01 2025-03-31 0000918251 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-03-31 0000918251 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-04-01 2024-03-31 iso4217:USD shares iso4217:USD shares utr:sqft mpaa:Segment pure mpaa:Days mpaa:Director mpaa:Person mpaa:Installment 10-K true 2026-03-31 --03-31 2026 false 001-33861 MOTORCAR PARTS OF AMERICA, INC. NY 11-2153962 2929 California Street Torrance CA 90503 310 212-7910 Common Stock, par value $0.01 per share MPAA NASDAQ No No Yes Yes Accelerated Filer false false false false false 300342000 18924818 <div> <span style="font-size: 10.0pt; font-weight: bold;">Material Effects of Cybersecurity Incidents</span> </div><div style="font-size: 10pt;"> <span style="color: #000000;">Risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, have not materially affected us, including our business strategy, results of operations, or financial condition. Further information regarding cybersecurity risks can be found in Item 1A. Risk Factors - risks relating to “cyber-attacks or other breaches of information technology security could adversely impact our business and operations”.</span> </div><div> <span style="font-size: 10.0pt; font-weight: bold;">Cybersecurity Risk Management and Strategy</span> </div><div> <span style="font-size: 10.0pt;">We have developed and implemented a cybersecurity program designed to provide structured and thorough cybersecurity risk management and governance. Our cybersecurity program prioritizes, among other things, prevention of unauthorized access; protection of sensitive information; detection, assessment, and response to cyber threats; and continuous improvement of our cybersecurity measures. We seek to achieve our cybersecurity program priorities through a multi-pronged approach to address cyber threats and incidents that includes (i) implementation of various industry best practices, (ii) proactive monitoring of our IT systems, (iii) ongoing employee training, (iv) quarterly phishing campaigns, (v) continued education for our cybersecurity team, and (vi) regular risk assessments. We also maintain cyber insurance coverage to help mitigate a portion of the potential costs in the event of covered events.</span> </div><div> <span style="font-size: 10.0pt;">Our cybersecurity program is aligned with various frameworks for managing cybersecurity risks, such as the National Institute of Standards and Technology Cybersecurity Framework for IT. We have an Information Technology Steering Committee that oversees the IT function, material projects, budgeting, and cybersecurity. In addition, we have an Incident Response Team, as highlighted in our cybersecurity policy to respond to any information security risks or incidents. These committees report directly to the Audit Committee of the Board of Directors, which is responsible for overall oversight of the Company’s cybersecurity program.</span> </div><div> <span style="font-size: 10.0pt;">We rely upon both internal and external resources for evaluating and enhancing our cyber posture. Our information security team works with external cybersecurity firms to review and provide feedback on improving our cybersecurity program, including in the areas of data protection, threat and vulnerability management, and end-point protection. We require annual cybersecurity training by our employees, send out regular tips and memos to help our employees recognize phishing emails and other social engineering tactics, and provide various methods for employees to report suspicious activity that may give rise to a cyber-incident or threat. Significant results of such testing and reviews are communicated to our executive management team and our Audit Committee, as applicable, and are utilized in our cybersecurity program’s continuous improvement process.</span> </div><div> <span style="font-size: 10.0pt;">In response to the growing risks associated with third-party service providers, we do not have any direct connections between our enterprise resource planning (“ERP”) system and our third-party suppliers nor service providers as their access to our IT systems could significantly disrupt our operations.</span> </div><div> <span style="font-size: 10.0pt;">We maintain a set of core practices and procedures when responding to certain high-risk information security threats and incidents, which are designed to ensure appropriate resources are utilized to provide an effective, timely, and coordinated response in managing crises, including significant cyber threats and incidents. Our Management Risk Committee will assume overall responsibility in an effort to ensure that the appropriate functions and work streams are mobilized and coordinated to effectively manage any significant cyber events.</span> </div><div> <span style="font-size: 10.0pt;">We have been a target of cyber-attacks and other hacking activities, as have certain of our third-party service providers. While our cybersecurity program is designed to prevent unauthorized access and protect sensitive information, including through continuous improvement of our cybersecurity measures, and we have not experienced any material cyber threats or incidents to date, we can give no assurance that we will be able to prevent, identify, respond to, or mitigate the impact of all cyber threats or incidents. To the extent future cyber threats or incidents result in significant disruptions and costs to our operations, reduce the effectiveness of our internal controls over financial reporting, result in intellectual property theft, fraud, extortion, harm to our employees or customers, violations of privacy laws or damage our reputation or otherwise substantially impact our business, it could have a material adverse impact on our business, results of operations, and financial condition. For additional discussion on our cybersecurity risks, refer to Item 1A. “Risk Factors” of this Form 10-K.</span> </div> false true Our cybersecurity program prioritizes, among other things, prevention of unauthorized access; protection of sensitive information; detection, assessment, and response to cyber threats; and continuous improvement of our cybersecurity measures. We seek to achieve our cybersecurity program priorities through a multi-pronged approach to address cyber threats and incidents that includes (i) implementation of various industry best practices, (ii) proactive monitoring of our IT systems, (iii) ongoing employee training, (iv) quarterly phishing campaigns, (v) continued education for our cybersecurity team, and (vi) regular risk assessments. We also maintain cyber insurance coverage to help mitigate a portion of the potential costs in the event of covered events. true false While our cybersecurity program is designed to prevent unauthorized access and protect sensitive information, including through continuous improvement of our cybersecurity measures, and we have not experienced any material cyber threats or incidents to date, we can give no assurance that we will be able to prevent, identify, respond to, or mitigate the impact of all cyber threats or incidents. To the extent future cyber threats or incidents result in significant disruptions and costs to our operations, reduce the effectiveness of our internal controls over financial reporting, result in intellectual property theft, fraud, extortion, harm to our employees or customers, violations of privacy laws or damage our reputation or otherwise substantially impact our business, it could have a material adverse impact on our business, results of operations, and financial condition. <div> <span style="font-size: 10.0pt; color: #000000; font-weight: bold;">Cybersecurity Governance</span> </div><div> <span style="font-size: 10.0pt; color: #000000;">Our Board of Directors oversees the management of risks inherent in the operation of our business, with a focus on the most significant risks that we face, including those related to cybersecurity. Our Board of Directors has delegated oversight of cybersecurity, including privacy and information security, as well as enterprise risk management to the Audit Committee. In connection with that oversight responsibility, our VP of IT and General Counsel meet with the Audit Committee on a quarterly basis to provide information and updates on a range of cybersecurity topics which may include our cybersecurity program and governance processes; cyber risk monitoring and management; the status of projects to strengthen our cybersecurity and privacy capabilities; recent significant incidents or threats impacting our operations, industry, or third-party suppliers; and the emerging threat landscape.</span> </div><div> <span style="font-size: 10.0pt; color: #000000;">Our cybersecurity team is managed by a dedicated information security team, led by our VP of IT. Our VP of IT has more than 25 years of information technology experience across various disciplines, including nearly 15 years of experience in the financial, re-manufacturing, and distribution industries. She has led our global information security organization for almost three years. In addition to her employment experience in the cybersecurity field, our VP of IT has a Bachelor’s of Business Administration and Computer Information Systems, and meets regularly with other members of our executive team to provide relevant updates on our cybersecurity program.</span> </div> Our Board of Directors oversees the management of risks inherent in the operation of our business, with a focus on the most significant risks that we face, including those related to cybersecurity. Our Board of Directors has delegated oversight of cybersecurity, including privacy and information security, as well as enterprise risk management to the Audit Committee. our VP of IT and General Counsel meet with the Audit Committee on a quarterly basis to provide information and updates on a range of cybersecurity topics which may include our cybersecurity program and governance processes; cyber risk monitoring and management; the status of projects to strengthen our cybersecurity and privacy capabilities; recent significant incidents or threats impacting our operations, industry, or third-party suppliers; and the emerging threat landscape. <div> <span style="font-size: 10.0pt; color: #000000;">Our cybersecurity team is managed by a dedicated information security team, led by our VP of IT. Our VP of IT has more than 25 years of information technology experience across various disciplines, including nearly 15 years of experience in the financial, re-manufacturing, and distribution industries. She has led our global information security organization for almost three years. In addition to her employment experience in the cybersecurity field, our VP of IT has a Bachelor’s of Business Administration and Computer Information Systems, and meets regularly with other members of our executive team to provide relevant updates on our cybersecurity program.</span> </div> true Our cybersecurity team is managed by a dedicated information security team, led by our VP of IT. Our VP of IT has more than 25 years of information technology experience across various disciplines, including nearly 15 years of experience in the financial, re-manufacturing, and distribution industries. She has led our global information security organization for almost three years. true Our VP of IT has more than 25 years of information technology experience across various disciplines, including nearly 15 years of experience in the financial, re-manufacturing, and distribution industries. meets regularly with other members of our executive team to provide relevant updates on our cybersecurity program. false false false false true 42 Ernst & Young LLP Los Angeles, California 14650000 9429000 2028000 1881000 112614000 91064000 380603000 341209000 16438000 18460000 34552000 29606000 5241000 4208000 17856000 15614000 583982000 511471000 30739000 31990000 63103000 66603000 4039000 4569000 331221000 336268000 3205000 3205000 235000 552000 2913000 2978000 1019437000 957636000 167229000 141906000 33270000 30211000 29923000 34411000 61201000 38158000 94668000 90787000 4348000 5570000 8957000 9982000 399596000 351025000 38993000 35207000 249108000 241404000 425000 362000 56969000 65308000 8336000 6631000 753427000 699937000 0.01 0.01 5000000 5000000 0 0 0.01 0.01 20000 20000 0 0 0 0 0.01 0.01 50000000 50000000 18924818 18924818 19435706 19435706 189000 194000 226709000 234413000 32427000 20033000 6685000 3059000 266010000 257699000 1019437000 957636000 789806000 757354000 717684000 629905000 603526000 585133000 159901000 153828000 132551000 63303000 64047000 57769000 25491000 22561000 22481000 14196000 11405000 9995000 8924000 -15892000 3814000 94066000 113905000 86431000 65835000 39923000 46120000 46696000 55550000 60040000 1130000 -60000 1020000 0 0 -168000 -45566000 -55610000 -59188000 20269000 -15687000 -13068000 7875000 3783000 36176000 12394000 -19470000 -49244000 0.64 -0.99 -2.51 0.62 -0.99 -2.51 19304105 19685322 19601204 19979070 19685322 19601204 12394000 -19470000 -49244000 3626000 -6096000 9458000 3626000 -6096000 9458000 16020000 -25566000 -39786000 19494615 195000 231836000 88747000 -303000 320475000 0 4700000 0 0 4700000 167765 -2000 281000 0 0 279000 0 0 0 9458000 9458000 0 0 -49244000 0 -49244000 19662380 197000 236255000 39503000 9155000 285110000 0 3877000 0 0 3877000 315460 -2000 892000 0 0 890000 542134 5000 4827000 0 0 4832000 0 0 0 -6096000 -6096000 0 0 -19470000 0 -19470000 19435706 194000 234413000 20033000 3059000 257699000 0 5635000 0 0 5635000 6466 0 101000 0 0 101000 438254 -4000 2098000 0 0 2094000 955608 9000 11342000 0 0 11351000 0 0 0 3626000 3626000 0 0 12394000 0 12394000 18924818 189000 226709000 32427000 6685000 266010000 12394000 -19470000 -49244000 9453000 9923000 10544000 335000 477000 1075000 2452000 2222000 2165000 749000 749000 933000 3873000 3521000 3200000 0 0 -168000 10797000 9826000 10181000 1104000 912000 782000 10325000 9540000 10255000 8924000 -15892000 3814000 949000 -2262000 -65000 1130000 -60000 1020000 252000 105000 347000 9891000 15009000 16233000 570000 1507000 1452000 94000 42000 -133000 548000 -1805000 29564000 5635000 3877000 4700000 -43000 -5000 -9000 21625000 -2407000 -22687000 48596000 -19615000 53585000 -2099000 -1723000 3666000 974000 -1450000 3501000 1377000 2259000 -3100000 -327000 1509000 601000 27426000 -13280000 47264000 -4596000 -3676000 222000 11277000 29981000 14221000 29746000 29381000 14664000 -10195000 -9088000 -8702000 1192000 -3750000 -1257000 19158000 45477000 39172000 3696000 4578000 1000000 0 49000 0 -106000 -60000 -521000 -3590000 -4469000 -479000 730776000 541423000 82005000 726895000 578636000 99205000 0 0 13125000 0 15000 3973000 1517000 1705000 1862000 101000 0 0 2094000 890000 279000 11351000 4832000 0 -10980000 -44655000 -36439000 633000 -898000 124000 5221000 -4545000 2378000 9429000 13974000 11596000 14650000 9429000 13974000 39807000 48724000 53797000 8080000 5858000 9558000 14363000 13356000 13358000 1814000 1896000 2081000 2821000 1412000 745000 550000 3972000 1603000 477000 80000 16000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">1. Company Background and Organization</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Motorcar Parts of America, Inc. and its subsidiaries (the “Company”, or “MPA”) is a leading supplier of automotive aftermarket non-discretionary replacement parts, and test solutions and diagnostic equipment. These replacement parts are primarily sold to automotive retail chain stores and warehouse distributors throughout North America and to major automobile manufacturers for both their aftermarket programs and warranty replacement programs (“OES”). The Company’s test solutions and diagnostic equipment primarily serves the global automotive component and powertrain testing market. The Company’s products include (i) light duty and heavy duty rotating electrical products such as alternators and starters, (ii) brake-related products, which include brake calipers, brake boosters, brake rotors, brake pads, brake master cylinders, and wheel hub assemblies and bearings, and (iii) other products, which include test solutions and diagnostic equipment including: (a) applications for combustion engine vehicles, including bench-top testers for alternators and starters, (b) equipment for the pre- and post-production of electric vehicles, and (c) software emulation of power system applications for the electrification of all forms of transportation (including automobiles, trucks, the emerging electrification of systems within the aerospace industry, and electric vehicle charging stations). </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company primarily ships its products from its facilities and various third-party warehouse distribution centers in North America, including the Company’s 410,000 square foot distribution center in Mexico and its warehouse and distribution center in Malaysia that supports its direct shipment programs. </div> 410000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">2. Summary of Significant Accounting Policies</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Recently Adopted Accounting Pronouncements</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Improvements to Income Tax Disclosures</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, <span style="font-style: italic;">Improvements to Income Tax Disclosures (Topic 740)</span>. This standard requires the Company to provide further disaggregated income tax disclosures for specific categories on the effective tax rate reconciliation, as well as additional information about federal, state/local and foreign income taxes. The standard also requires the Company to annually disclose its income taxes paid (net of refunds received), disaggregated by jurisdiction. This guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The standard is to be applied on a prospective basis, although optional retrospective application is permitted. The Company adopted this standard on a prospective basis as of March 31, 2026, which expanded the Company’s income tax disclosures (see Note 17). </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Accounting Pronouncements Not Yet Adopted</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Disclosure Improvements</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In October 2023, the FASB issued ASU 2023-06, <span style="font-style: italic;">Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative</span>. This standard was issued in response to the SEC’s disclosure update and simplification initiative, which affects a variety of topics within the Accounting Standards Codification. The amendments apply to all reporting entities within the scope of the affected topics unless otherwise indicated. The effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company is currently evaluating the impact this guidance will have on its financial statement disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Disaggregation of Income Statement Expenses</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In November 2024, the FASB issued ASU 2024-03, <span style="font-style: italic;">Disaggregation of Income Statement Expenses (“DISE”) (Subtopic 220-40)</span>. This standard requires the Company to disclose, in the footnotes at each interim and annual reporting period, information about expenses by the nature of the expense in addition to certain disclosures about selling expenses. Entities are required to include the following relevant expense captions: (i) purchase of inventory, (ii) employee compensation, (iii) depreciation, (iv) intangible asset amortization, and (v) depreciation, depletion and amortization recognized as part of oil and gas producing activities. In January 2025, the FASB issued ASU No. 2025-01, <span style="font-style: italic;">Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40) Clarifying the Effective Date</span>, which is intended to clarify the effective date of ASU No. 2024-03. As clarified in ASU 2025-01, the new guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its financial statement disclosures. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Debt with Conversion and Other Options</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In November 2024, the FASB issued ASU 2024-04, <span style="font-style: italic;">Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments</span>, which seeks to clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This guidance is effective for annual periods beginning after December 15, 2025, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its financial statement disclosures. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Measurement of Credit Losses</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In July 2025, the FASB issued ASU 2025-05, <span style="font-style: italic;">Financial Instruments—Credit Losses (Topic 326):</span> <span style="font-style: italic;">Measurement of Credit Losses for Accounts Receivable and Contract Assets, </span>which provides a practical expedient that all entities can use when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, <span style="font-style: italic;">Revenue from Contracts with Customers</span>. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. This guidance is effective for annual periods beginning after December 15, 2025, including interim reporting periods within those fiscal years, with early adoption permitted. Entities that elect the practical expedient and, if applicable, make the accounting policy election are required to apply the amendments prospectively. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements and disclosures. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Internal-Use Software</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In September 2025, the FASB issued ASU 2025-06, <span style="font-style: italic;">Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software</span>, which amends the recognition and disclosure guidance for internal-use software costs, removing the previous software development stage model with a probable-to-complete recognition threshold. This guidance is effective for annual periods beginning after December 15, 2027, including interim reporting periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements and disclosures. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Interim Reporting</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In December 2025, the FASB issued ASU 2025-11, <span style="font-style: italic;">Interim Reporting (Topic 270) Narrow-Scope Improvements</span>, which improves the navigability of the guidance in ASC 270, <span style="font-style: italic;">Interim Reporting</span>, and clarifies when it applies. Under this guidance, an entity is subject to ASC 270 if it provides interim financial statements and notes in accordance with GAAP. ASU 2025-11 also addresses the form and content of such financial statements, interim disclosures requirements, and establishes a principle under which an entity must disclose events since the end of the last annual reporting period that have a material impact on the entity. This guidance is effective for annual periods beginning after December 15, 2027, including interim reporting periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements and disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Codification Improvements</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In December 2025, the FASB issued ASU 2025-12, <span style="font-style: italic;">Codification Improvements</span>, which addresses suggestions received from stakeholders regarding the Accounting Standards Codification and makes other incremental improvements to GAAP. The update represents changes to the Accounting Standards Codification that clarify, correct errors in or make other improvements to a variety of topics that are intended to make it easier to understand and apply. This guidance is effective for annual periods beginning after December 15, 2026, including interim reporting periods within those fiscal years, with early adoption permitted. Entities are required to apply the amendments to ASC 260 retrospectively. All other amendments may be applied prospectively or retrospectively. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements and disclosures. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Principles of Consolidation</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The accompanying consolidated financial statements include the accounts of Motorcar Parts of America, Inc. and its wholly owned subsidiaries. All significant inter-company accounts and transactions have been eliminated. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Segment Reporting</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s three operating segments are as follows: </div><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Hard Parts</span>, which include (i) light duty rotating electric products such as alternators and starters and (ii) brake-related products, which includes brake calipers, brake boosters, brake rotors, brake pads and brake master cylinders, and wheel hub assemblies and bearings, </div> </div><div style="margin-left: 36pt; clear: both; font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Test Solutions and Diagnostic Equipment</span>, which includes (i) applications for combustion engine vehicles, including bench-top testers for alternators and starters, (ii) equipment for the pre- and post-production of electric vehicles, and (iii) software emulation of power system applications for the electrification of all forms of transportation (including automobiles, trucks, the emerging electrification of systems within the aerospace industry, and electric vehicle charging stations), and </div> </div><div style="margin-left: 36pt; clear: both; font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Heavy Duty</span>, which includes non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications. </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s Hard Parts operating segment meets the criteria of a reportable segment. The Test Solutions and Diagnostic Equipment and Heavy Duty segments are not material, and are not required to be separately reported. See Note 20 for more information. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Cash and Cash Equivalents</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Cash primarily consists of cash on hand and bank deposits. Cash equivalents consist of money market funds. The Company considers all highly liquid investments purchased with an original or remaining maturity of less than three months at the date of purchase to be cash equivalents. Cash and cash equivalents are maintained with various financial institutions. </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Accounts Receivable</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s accounts receivable are recorded at amortized cost less an allowance for credit losses that are not expected to be recovered. The net amount of accounts receivable and corresponding allowance for credit losses are presented in the consolidated balance sheets. The Company maintains allowances for credit losses resulting from the expected failure or inability of its customers to make required payments. The Company does not require collateral for accounts receivable. The Company believes its credit risk with respect to trade accounts receivable is limited due to its credit evaluation process and the long-term nature of its relationships with its largest customers. The Company utilizes a historical loss rate method, adjusted for any changes in economic conditions or risk characteristics, to estimate its expected credit losses each period. When developing an estimate of expected credit losses, the Company considers all available relevant information regarding the collectability of cash flows, including historical information, current conditions, and reasonable and supportable forecasts of future economic conditions over the contractual life of the receivable. The historical loss rate method considers past write-offs of trade accounts receivable over a period commensurate with the initial term of the Company’s contracts with its customers. The Company recognizes the allowance for credit losses at inception and reassesses quarterly based on management’s expectation of the asset’s collectability. The Company’s accounts receivable are short-term in nature and written off only when all collection attempts have failed. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has accounts receivable discount programs that have been established with certain major customers and their respective banks. Under these programs, the Company has the option to sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. Once the customer chooses which outstanding invoices are going to be made available for discounting, the Company can accept or decline the bundle of invoices provided. The accounts receivable discount programs are non-recourse, and funds cannot be reclaimed by the customer or its bank after the related invoices have been discounted. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Inventory</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Inventory is comprised of: (i) Used Core and component raw materials, (ii) work-in-process, (iii) remanufactured finished goods and purchased finished goods. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Used Core, component raw materials, and purchased finished goods are stated at the lower of average cost or net realizable value. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Work-in-process is in various stages of production and is valued at the average cost of Used Cores and component raw materials issued to work orders still open, including allocations of labor and overhead costs. Historically, work-in-process inventory has not been material compared to the total inventory balance. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Remanufactured finished goods include: (i) the Used Core cost and (ii) the cost of component raw materials, and allocations of labor and variable and fixed overhead costs (the “Unit Cost”). The allocations of labor and variable and fixed overhead costs are based on the actual use of the production facilities over the prior 12 months which approximates normal capacity. This method prevents the distortion in allocated labor and overhead costs that would occur during short periods of abnormally low or high production. In addition, the Company excludes certain unallocated overhead such as severance costs, duplicative facility overhead costs, start-up costs, training, and spoilage from the calculation and expenses these unallocated overhead costs as period costs. Purchased finished goods also include an allocation of fixed overhead costs. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The estimate of net realizable value is subjective and based on management’s judgment and knowledge of current industry demand and management’s projections of industry demand. The estimates may, therefore, be revised if there are changes in the overall market for the Company’s products or market changes that in management’s judgment impact its ability to sell or liquidate potentially excess or obsolete inventory. Net realizable value is determined at least quarterly as follows: </div><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> Net realizable value for finished goods by customer, by product line are determined based on the agreed upon selling price with the customer for a product in the trailing 12 months. The Company compares the average selling price, including any discounts and allowances, to the finished goods cost of on-hand inventory, less any reserve for excess and obsolete inventory. Any reduction of value is recorded as cost of goods sold in the period in which the revaluation is identified. </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> Net realizable value for Used Cores are determined based on current core purchase prices from core brokers to the extent that core purchases in the trailing 12 months are significant. Remanufacturing consumes, on average, more than one Used Core for each remanufactured unit produced since not all Used Cores are reusable. The yield rates depend upon both the product and consumer specifications. The Company purchases Used Cores from core brokers to supplement its yield rates and Used Cores not returned under the core exchange programs. The Company also considers the net selling price its customers have agreed to pay for Used Cores that are not returned under its core exchange programs to assess whether Used Core cost exceeds Used Core net realizable value on a by customer, by product line basis. Any reduction of core cost is recorded as cost of goods sold in the period in which the revaluation is identified. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> The Company records an allowance for potentially excess and obsolete inventory based upon recent sales history, the quantity of inventory on-hand, and a forecast of potential use of the inventory. The Company periodically reviews inventory to identify excess quantities and part numbers that are experiencing a reduction in demand. Any part numbers with quantities identified during this process are reserved for at rates based upon management’s judgment, historical rates, and consideration of possible scrap and liquidation values which may be as high as 100% of cost if no liquidation market exists for the part. As a result of this process, the Company recorded reserves for excess and obsolete inventory of $19,002,000 and $18,964,000 at March 31, 2026 and 2025, respectively. </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company records vendor discounts as a reduction of inventories and are recognized as a reduction to cost of goods sold as the inventories are sold. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Inventory Unreturned</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Inventory unreturned represents the Company’s estimate, based on historical data and prospective information provided directly by the customer, of finished goods shipped to customers that the Company expects to be returned under its general right of return policy, after the balance sheet date. Inventory unreturned includes only the Unit Cost of a finished good. The return rate is calculated based on expected returns within the normal operating cycle, which is generally one year. As such, the related amounts are classified as current assets. Inventory unreturned is valued in the same manner as the Company’s finished goods inventory. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Contract Assets</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Contract assets consists of: (i) the core portion of the finished goods shipped to customers, (ii) upfront payments to customers in connection with customer contracts, (iii) core premiums paid to customers, and (iv) finished goods premiums paid to customers. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Remanufactured Cores held at customers’ locations as a part of the finished goods sold to the customer are classified as long-term contract assets. These assets are valued at the lower of cost or net realizable value of Used Cores on hand (see Inventory above). For these Remanufactured Cores, the Company expects the finished good containing the Remanufactured Core to be returned under the Company’s general right of return policy or a similar Used Core to be returned to the Company by the customer, under the Company’s core exchange programs, in each case for credit. The Remanufactured Cores and Used Cores returned by consumers to the Company’s customers but not yet returned to the Company are classified as “Cores expected to be returned by customers”, which are included in short-term contract assets until the Company physically receives them during its normal operating cycle, which is generally one year. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Upfront payments to customers represent marketing allowances, such as sign-on bonuses, slotting fees, and promotional allowances provided by the Company to its customers. These allowances are recognized as an asset and amortized over the appropriate period of time as a reduction of revenue if the Company expects to generate future revenues associated with the upfront payment. If the Company does not expect to generate additional revenue, then the upfront payment is recognized in the consolidated statements of operations when payment occurs as a reduction of revenue. Upfront payments expected to be amortized during the Company’s normal operating cycle, which is generally one year, are classified as short-term contract assets. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Core premiums paid to customers represent the difference between the Remanufactured Core acquisition price paid to customers, generally in connection with new business, and the related Used Core cost. The core premiums are treated as an asset and recognized as a reduction of revenue through the later of the date at which related revenue is recognized or the date at which the sales incentive is offered. The Company considers, among other things, the length of its largest ongoing customer relationships, duration of customer contracts, and the average life of vehicles on the road in determining the appropriate period of time over which to amortize these premiums. These core premiums are amortized over a period typically ranging from six to eight years, adjusted for specific circumstances associated with the arrangement. Core premiums are recorded as long-term contract assets. Core premiums expected to be amortized within the Company’s normal operating cycle, which is generally one year, are classified as short-term contract assets. </div><div style="font-size: 10pt;"> Finished goods premiums paid to customers represent the difference between the finished good acquisition price paid to customers, generally in connection with new business, and the related finished good cost, which is treated as an asset and recognized as a reduction of revenue through the later of the date at which related revenue is recognized or the date at which the sales incentive is offered. The Company considers, among other things, the length of its largest ongoing customer relationships, duration of customer contracts, and the average life of vehicles on the road in determining the appropriate period of time over which to amortize these premiums. Finished goods premiums are amortized over a period of up to eight years, adjusted for specific circumstances associated with the arrangement. Finished goods premiums are recorded as long-term contract assets. Finished goods premiums expected to be amortized within our normal operating cycle, which is generally one year, are classified as short-term contract assets. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Income Taxes</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company accounts for income taxes using the liability method, which measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The resulting asset or liability is adjusted to reflect changes in the tax laws as they occur. A valuation allowance is provided to reduce deferred tax assets when it is more likely than not that a portion of the deferred tax asset will not be realized. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The primary components of the Company’s income tax expense were (i) federal income taxes, (ii) state income taxes, (iii) change in realizable deferred tax items, (iv) foreign income taxed at rates that are different from the federal statutory rate, and (v) impact of the non-deductible executive compensation under Internal Revenue Code Section 162(m). </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Realization of deferred tax assets is dependent upon the Company’s ability to generate sufficient future taxable income. Significant judgment is required in determining the Company’s provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company’s net deferred tax assets. The Company makes these estimates and judgments about its future taxable income based on assumptions that are consistent with the Company’s future plans. A valuation allowance is established when the Company believes it is not more likely than not all or some deferred tax assets will be realized. In evaluating the Company’s ability to recover deferred tax assets within the jurisdiction in which they arise, the Company considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, past financial performance, and tax planning strategies. At March 31, 2026 and 2025, the Company had a valuation allowance on deferred tax assets that is considered not more likely than not to be realized under U.S. GAAP. Should the actual amount differ from the Company’s estimate, the amount of the valuation allowance could be impacted. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has made an accounting policy election to recognize the U.S. tax effects of global intangible low-taxed income as a component of income tax expense in the period the tax arises. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Plant and Equipment</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Plant and equipment are stated at cost, less accumulated depreciation. The cost of additions and improvements are capitalized, while maintenance and repairs are charged to expense when incurred. Depreciation is provided on a straight-line basis in amounts sufficient to relate the cost of depreciable assets to operations over their estimated service lives. Machinery and equipment are depreciated over a range from five to ten years. Office equipment and fixtures are depreciated over a range from three to ten years. Leasehold improvements are depreciated over the lives of the respective leases or the service lives of the leasehold improvements, whichever is shorter. Depreciation of assets recorded under finance leases is included in depreciation expense. The Company evaluates plant and equipment, including leasehold improvements, equipment, construction in progress, and right-of-use assets for impairment whenever events or circumstances indicate that the carrying value of an asset or asset group may not be recoverable. There was no impairment recorded during the years ended March 31, 2026, 2025, or 2024. </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Leases</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company determines if an arrangement contains a lease at inception. Lease assets and lease liabilities are recorded based on the present value of lease payments over the lease term, which includes the minimum unconditional term of the lease. Certain of the Company’s leases include options to extend the leases for up to five years. When the Company has the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that it will exercise the option, the option is considered in determining the classification and measurement of the lease. The lease assets are recorded net of any lease incentives received. The Company exempts leases with an initial term of 12 months or less from balance sheet recognition and, for all classes of assets, combines non-lease components with lease components. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company uses its incremental borrowing rate for each of its leases in determining the present value of its expected lease payments based on the information available at the lease commencement date as the rate implicit for each of its leases is not readily detainable. The Company’s incremental borrowing rate is determined by analyzing and combining (i) an applicable risk-free rate, (ii) a financial spread adjustment, and (iii) any lease specific adjustment. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services, which are expensed as incurred and not included in the determination of lease assets and lease liabilities. These costs are calculated based on a variety of factors including property values, tax and utility rates, property services fees, and other factors. The Company records rent expense for operating leases, some of which have escalating rent payments, on a straight-line basis over the lease term. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has material non-functional currency leases. As required for other monetary liabilities, lessees shall remeasure a foreign currency-denominated lease liability using the exchange rate at each reporting date, but the lease assets are nonmonetary assets measured at historical rates, which are not affected by subsequent changes in the exchange rates. The Company recorded a gain of $6,409,000, a loss of $11,713,000, and a gain of $5,187,000 during the years ended March 31, 2026, 2025 and 2024, respectively, which are included in foreign exchange impact of lease liabilities and forward contracts in the consolidated statements of operations. See Note 10 for additional information regarding the Company’s leases. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Goodwill</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company evaluates goodwill for impairment at least annually during the fourth quarter of each fiscal year or more frequently when an event occurs or circumstances change that indicate the carrying value may not be recoverable. The goodwill impairment test is performed at the reporting unit level, which represents the Company’s operating segments. In testing for goodwill impairment, the Company may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If the Company’s qualitative assessment indicates that goodwill impairment is more likely than not, it will proceed with performing the quantitative assessment. If the fair value of the reporting unit exceeds its carrying value, goodwill is not considered impaired. If the carrying value of the reporting unit exceeds its fair value an impairment loss will be recognized for the amount by which the carrying value exceeds the reporting unit’s fair value. The Company completes the required annual testing of goodwill impairment for each of the reporting units during the fourth quarter of the year. No impairment was recorded during the years ended March 31, 2026, 2025, or 2024. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Intangible Assets</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s intangible assets other than goodwill are finite–lived and amortized on a straight-line basis over their respective useful lives. The Company analyzes its finite-lived intangible assets for impairment when and if indicators of impairment exist. No impairment was recorded during the years ended March 31, 2026, 2025 or 2024. </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Debt Issuance Costs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Debt issuance costs include fees and costs incurred to obtain financing. Debt issuance costs related to the Company’s convertible notes are presented in the balance sheet as a direct deduction from the carrying amounts of the convertible notes. Debt issuance costs related to the Company’s revolving loan are presented in prepaid expenses and other current assets in the accompanying consolidated balance sheets, regardless of whether or not there are any outstanding borrowings under the revolving loan. Debt issuance costs related to the Company’s convertible notes are amortized using the effective interest method and debt issuance costs related to the Company’s revolving loans are amortized using the straight-line method, which approximates the effective interest method. Debt issuance costs are amortized over the term of the related loans and included in interest expense in the Company’s consolidated statements of operations. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Foreign Currency Translation</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> For financial reporting purposes, the functional currency of the foreign subsidiaries is the local currency. The assets and liabilities of foreign operations for which the local currency is the functional currency are translated into the U.S. dollar at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average exchange rates during the year. The accumulated foreign currency translation adjustment is presented as a component of comprehensive income or loss in the consolidated statements of shareholders’ equity. Aggregate foreign currency transactions recorded in general and administrative expenses were a gain of $494,000, a loss of $2,987,000, and a gain of $515,000 for the years ended March 31, 2026, 2025, and 2024, respectively. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Revenue Recognition</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Revenue is recognized when performance obligations under the terms of a contract with the Company’s customers are satisfied; generally, this occurs with the transfer of control of its products. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Revenue is recognized net of all anticipated returns, marketing allowances, volume discounts, and other forms of variable consideration. Revenue is recognized either when products are shipped or when delivered, depending on the applicable contract terms. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The price of a finished remanufactured product sold to customers is generally comprised of separately invoiced amounts for the Remanufactured Core included in the product (“Remanufactured Core value”) and the unit portion included in the product (“Unit Value”), for which revenue is recorded based on the Company’s then current price list, net of applicable discounts and allowances. The Remanufactured Core value is recorded as revenue based upon the estimate of Used Cores that will not be returned by the customer for credit. These estimates are subjective and based on management’s judgment and knowledge of historical, current, and projected return rates. As reconciliations are completed with the customers the actual rates at which Used Cores are not being returned may differ from the current estimates. This may result in periodic adjustments of the estimated contract asset and liability amounts recorded and may impact the projected revenue recognition rates used to record the estimated future revenue. These estimates may also be revised if there are changes in contractual arrangements with customers, or changes in business practices. A significant portion of the remanufactured automotive parts sold to customers are replaced by similar Used Cores sent back for credit by customers under the core exchange programs (as described in further detail below). The number of Used Cores sent back under the core exchange programs is generally limited to the number of similar Remanufactured Cores previously shipped to each customer. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Revenue Recognition — Core Exchange Programs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Full price Remanufactured Cores: When remanufactured products are shipped, certain customers are invoiced for the Remanufactured Core value of the product at the full Remanufactured Core sales price. For these Remanufactured Cores, revenue is only recognized based upon an estimate of the rate at which these customers will pay cash for Remanufactured Cores in lieu of sending back similar Used Cores for credits under the core exchange programs. The remainder of the full price Remanufactured Core value invoiced to these customers is established as a long-term contract liability rather than being recognized as revenue in the period the products are shipped as the Company expects these Remanufactured Cores to be returned for credit under its core exchange programs. </div><div style="font-size: 10pt;"> Nominal price Remanufactured Cores: Certain other customers are invoiced for the Remanufactured Core value of the product shipped at a nominal (generally $0.01 or less) Remanufactured Core price. For these nominal Remanufactured Cores, revenue is only recognized based upon an estimate of the rate at which these customers will pay cash for Remanufactured Cores in lieu of sending back similar Used Cores for credits under the core exchange programs. Revenue amounts are calculated based on contractually agreed upon pricing for these Remanufactured Cores for which the customers are not returning similar Used Cores. The remainder of the nominal price Remanufactured Core value invoiced to these customers is established as a long-term contract liability rather than being recognized as revenue in the period the products are shipped as the Company expects these Remanufactured Cores to be returned for credit under its core exchange programs. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Revenue Recognition; General Right of Return</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Customers are allowed to return goods that their end-user customers have returned to them, whether or not the returned item is defective (warranty returns). In addition, under the terms of certain agreements and industry practice, customers from time to time are allowed stock adjustments when their inventory of certain product lines exceeds the anticipated sales to end-user customers (stock adjustment returns). Customers have various contractual rights for stock adjustment returns, which are typically less than 5% of units sold. In some instances, a higher level of returns is allowed in connection with significant restocking orders. The aggregate returns are generally limited to less than 20% of unit sales. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The allowance for warranty returns is established based on a historical analysis of the level of this type of return as a percentage of total unit sales. The allowance for stock adjustment returns is based on specific customer inventory levels, inventory movements, and information on the estimated timing of stock adjustment returns provided by customers. Stock adjustment returns do not occur at any specific time during the year. The return rate for stock adjustments is calculated based on expected returns within the normal operating cycle, which is generally one year. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Unit Value of the warranty and stock adjustment returns are treated as reductions of revenue based on the estimations made at the time of the sale. The Remanufactured Core value of warranty and stock adjustment returns are provided for as indicated in the paragraph “Revenue Recognition – Core Exchange Programs”. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> As is standard in the industry, the Company only accepts returns from on-going customers. If a customer ceases doing business with the Company, it has no further obligation to accept additional product returns from that customer. Similarly, the Company accepts product returns and grants appropriate credits to new customers from the time the new customer relationship is established. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Shipping Costs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company includes shipping and handling charges in the gross invoice price to customers and classifies the total amount as revenue. All shipping and handling costs are expensed as cost of sales as inventory is sold. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Contract Liability</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Contract liability consists of: (i) customer allowances earned, (ii) accrued core payments, (iii) customer core returns accruals, (iv) core bank liability, (v) finished goods liabilities, and (vi) customer deposits. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Customer allowances earned includes all marketing allowances provided to customers. Such allowances include sales incentives and concessions. Voluntary marketing allowances related to a single exchange of product are recorded as a reduction of revenues at the time the related revenues are recorded or when such incentives are offered. Other marketing allowances, which may only be applied against future purchases, are recorded as a reduction to revenues in accordance with a schedule set forth in the relevant contract. Sales incentive amounts are recorded based on the value of the incentive provided. See Note 15 for a description of all marketing allowances. Customer allowances to be provided to customers within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Accrued core payments represent the agreed upon price of Remanufactured Cores purchased from customers, generally in connection with new business, which are held by these customers and remain on their premises. The sales price of these Remanufactured Cores will be realized when the Company’s relationship with a customer ends, a possibility that the Company considers remote based on existing long-term customer agreements and historical experience. The payments to be made to customers for purchases of Remanufactured Cores within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;"> Customer core returns accruals represent the full and nominally priced Remanufactured Cores shipped to the Company’s customers. When the Company ships the product, it recognizes an obligation to accept a similar Used Core sent back under the core exchange programs based upon the Remanufactured Core price agreed upon by the Company and its customer. The Contract liability related to Used Cores returned by consumers to the Company’s customers but not yet returned to the Company are classified as short-term contract liabilities until the Company physically receives these Used Cores as they are expected to be returned during the Company’s normal operating cycle, which is generally one year and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The core bank liability represents the full Remanufactured Core sales price paid for cores returned under the core exchange programs. The payment for these cores are made over a contractual repayment period pursuant to the Company’s agreement with this customer. Payments to be made within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Finished goods liabilities represents the agreed upon price of finished goods purchased from customers, generally in connection with new business. The payment for these finished goods are made over a contractual repayment period pursuant to the Company’s agreement with the customer. Payments to be made within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Customer deposits represent the receipt of prepayments from customers for the obligation to transfer goods or services in the future. The Company classifies these customer deposits as short-term contract liabilities as the Company expects to satisfy these obligations within its normal operating cycle, which is generally one year. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Customer Finished Goods Returns Accrual</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The customer finished goods returns accrual represents the Company’s estimate of its exposure to customer returns, including (i) warranty returns, under its general right of return policy to allow customers to return items that their end user customers have returned to them and (ii) from time to time, stock adjustment returns when the customers’ inventory of certain product lines exceeds the anticipated sales to end-user customers. The customer finished goods returns accrual represents the Unit Value of the estimated returns and is classified as a current liability due to the expectation that these returns will occur within the normal operating cycle of one year. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Advertising Costs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company expenses all advertising costs as incurred. Advertising expenses for the years ended March 31, 2026, 2025 and 2024 were $1,041,000, $435,000, and $614,000, respectively. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Net Income (Loss) Per Share</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share includes the effect, if any, from the potential exercise or conversion of securities, such as stock options, warrants, and Convertible Notes (as defined in Note 8), which would result in the issuance of incremental shares of common stock to the extent such impact is not anti-dilutive. Potential common shares that would have the effect of increasing diluted net income per share or decreasing diluted net loss per share are considered to be anti-dilutive and as such, these shares are not included in calculating diluted net income (loss) per share. </div><div style="font-size: 10pt;"> The following presents a reconciliation of basic and diluted net income (loss) per share: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2026 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net income (loss) </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">12,394,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(19,470,000</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(49,244,000</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Basic shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,304,105</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,685,322</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,601,204</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Dilutive effect of share-based awards </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">674,965</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Diluted shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,979,070</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,685,322</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,601,204</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr> <td> <div> Net income (loss) per share: </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Basic net income (loss) per share </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.64</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.99</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2.51</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Diluted net income (loss) per share </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.62</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.99</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2.51</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr><tr> <td> <div> Anti-dilutive shares (excluded from per-share calculations): </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Outstanding share-based awards </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">982,116</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,323,321</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,122,863</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Dilutive effect of Convertible Notes under the "if-converted" method </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,743,359</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,493,963</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,693,778</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The potential common shares related to the Warrants (as defined below) issued in connection with the Convertible Notes (see Note 8) are anti-dilutive until they become exercisable and as of March 31, 2026, the Warrants were not exercisable. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Use of Estimates</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. On an on-going basis, the Company evaluates its estimates, including allowances for credit losses, valuation of inventory and Used Cores, valuation of long-lived assets, goodwill and intangible assets, useful lives of long-lived assets, litigation matters, valuation of deferred tax assets, share-based compensation, sales returns and other customer marketing allowances, the incremental borrowing rate used in determining the present value of lease liabilities, and valuation of the embedded derivatives in connection with the Convertible Notes (as defined in Note 8). Although the Company does not believe that there is a reasonable likelihood that there will be a material change in the future estimate or in the assumptions used in calculating the estimate, unforeseen changes in the industry, or business could materially impact the estimate and may have a material adverse effect on its business, financial condition and results of operations. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Financial Instruments</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term nature of these instruments. The carrying amount of short-term investments approximates their fair value as the shares of these mutual funds trade with sufficient frequency and volume to enable the Company to obtain pricing information on an ongoing basis. The carrying amounts of the revolving loan and other long-term liabilities approximate their fair value based on the variable nature of interest rates and current rates for instruments with similar characteristics. See Note 14 for information concerning the fair value of the Company’s Convertible Notes (as defined in Note 8). </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Share-Based Payments</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has share-based compensation plans and recognizes compensation expense over the requisite service period for its share-based plans based on the fair value of the awards on the date of the grant and accounts for forfeitures as they occur. Share-based plans include stock option awards, restricted stock units, restricted stock awards, and performance stock units issued under the Company’s incentive plans. The cost is measured at the grant date, based on (i) the estimated fair value of the award using the Black-Scholes option pricing model for stock options, (ii) the closing share price of the Company’s stock on the grant date for restricted stock units and restricted stock awards, (iii) the closing share price of the Company’s stock on the grant date for performance stock units subject to performance conditions, and (iv) the estimated fair value of the award using the Monte Carlo valuation model for performance stock units subject to market conditions. See Note 19 for further information concerning the Company’s share-based payments. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Black-Scholes option-pricing model and Monte Carlo valuation model require the input of assumptions including the expected volatility of the underlying stock and the expected holding period of the option. These assumptions are based on both historical and other information. Changes in the values assumed and used in the model can materially affect the estimate of fair value. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Credit Risk</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company regularly reviews its accounts receivable and allowance for credit losses by considering factors such as historical experience, credit quality and age of the accounts receivable, and the current economic conditions that may affect a customer’s ability to pay. The majority of the Company’s sales are to leading automotive aftermarket parts suppliers. The Company participates in trade accounts receivable discount programs with its major customers. If the creditworthiness of any of its customers was downgraded, the Company could be adversely affected, in that it may be subjected to higher interest rates on the use of these discount programs or it could be forced to wait longer for payment. In certain cases, the Company has experienced higher interest rates due to changes in customer credit profiles, which has impacted the overall cost of these financing arrangements. Should the Company’s customers experience significant cash flow problems, its financial position and results of operations could be materially and adversely affected, and the maximum amount of loss that would be incurred would be the outstanding receivable balance, Used Cores expected to be returned by customers, and the value of the Remanufactured Cores held at customers’ locations. The Company maintains an allowance for credit losses that, in its opinion, provides for an adequate reserve to cover losses that may be incurred. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Deferred Compensation Plan</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has a deferred compensation plan for certain members of management. The plan allows participants to defer salary and bonuses. The assets of the plan, which are held in a trust and are subject to the claims of the Company’s general creditors under federal and state laws in the event of insolvency, are recorded as short-term investments in the consolidated balance sheets. Consequently, the trust qualifies as a Rabbi trust for income tax purposes. The plan’s assets consist primarily of mutual funds and are recorded at market value with any unrealized gain or loss recorded as general and administrative expense. The carrying value of plan assets were $2,028,000 and $1,881,000, and the deferred compensation liability, which is included in other current liabilities in the accompanying consolidated balance sheets, was $2,028,000 and $1,881,000 at March 31, 2026 and 2025, respectively. During the years ended March 31, 2026, 2025, and 2024, the Company made contributions of $80,000, $36,000 and $6,000, respectively. During the year ended March 31, 2024, the Company’s matching contributions under its deferred compensation plan were temporarily halted through February 2024 when they were reinstated. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the years ended March 31, 2026, 2025, and 2024, employee contributions of $115,000, $46,000, and $82,000, respectively, were made to the deferred compensation plan. During the years ended March 31, 2026, 2025, and 2024, the Company redeemed $301,000, $151,000, and $603,000, respectively, of its short-term investments for the payment of deferred compensation liabilities. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following summarizes the gain on the Company’s equity investments: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="width: 1%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2026 </td><td style="width: 1%; font-weight: bold; text-align: center;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net gain recognized on equity securities </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">252,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">105,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">347,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Less: net gain recognized on equity securities sold </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">27,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">8,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">74,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Unrealized gain recognized on equity securities still held </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">225,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">97,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">273,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Comprehensive Income or Loss</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Comprehensive income or loss is defined as the change in equity during a period resulting from transactions and other events and circumstances from non-owner sources. The Company’s total comprehensive income or loss consists of net unrealized income or loss from foreign currency translation adjustments. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Restructuring Costs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company periodically implements restructuring programs to enhance operating efficiencies. Restructuring costs, including severance and other employee termination benefits, facility exit costs, transition expenses, and other incremental costs directly associated with an approved restructuring plan, are recognized when management has approved the restructuring plan, the plan has been communicated to affected employees, and the amounts can be reasonably estimated. Restructuring costs are recorded within each respective line item in the consolidated statements of operations based on the nature of the costs and the functions of the affected employees and activities. Restructuring costs, including relocation costs, associated with future activities are expensed as incurred. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Recently Adopted Accounting Pronouncements</span> </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Improvements to Income Tax Disclosures</span> </div><div style="font-size: 10pt;"> In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, <span style="font-style: italic;">Improvements to Income Tax Disclosures (Topic 740)</span>. This standard requires the Company to provide further disaggregated income tax disclosures for specific categories on the effective tax rate reconciliation, as well as additional information about federal, state/local and foreign income taxes. The standard also requires the Company to annually disclose its income taxes paid (net of refunds received), disaggregated by jurisdiction. This guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The standard is to be applied on a prospective basis, although optional retrospective application is permitted. The Company adopted this standard on a prospective basis as of March 31, 2026, which expanded the Company’s income tax disclosures (see Note 17). </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Accounting Pronouncements Not Yet Adopted</span> </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Disclosure Improvements</span> </div><div style="font-size: 10pt;"> In October 2023, the FASB issued ASU 2023-06, <span style="font-style: italic;">Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative</span>. This standard was issued in response to the SEC’s disclosure update and simplification initiative, which affects a variety of topics within the Accounting Standards Codification. The amendments apply to all reporting entities within the scope of the affected topics unless otherwise indicated. The effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company is currently evaluating the impact this guidance will have on its financial statement disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Disaggregation of Income Statement Expenses</span> </div><div style="font-size: 10pt;"> In November 2024, the FASB issued ASU 2024-03, <span style="font-style: italic;">Disaggregation of Income Statement Expenses (“DISE”) (Subtopic 220-40)</span>. This standard requires the Company to disclose, in the footnotes at each interim and annual reporting period, information about expenses by the nature of the expense in addition to certain disclosures about selling expenses. Entities are required to include the following relevant expense captions: (i) purchase of inventory, (ii) employee compensation, (iii) depreciation, (iv) intangible asset amortization, and (v) depreciation, depletion and amortization recognized as part of oil and gas producing activities. In January 2025, the FASB issued ASU No. 2025-01, <span style="font-style: italic;">Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40) Clarifying the Effective Date</span>, which is intended to clarify the effective date of ASU No. 2024-03. As clarified in ASU 2025-01, the new guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its financial statement disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Debt with Conversion and Other Options</span> </div><div style="font-size: 10pt;"> In November 2024, the FASB issued ASU 2024-04, <span style="font-style: italic;">Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments</span>, which seeks to clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This guidance is effective for annual periods beginning after December 15, 2025, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its financial statement disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Measurement of Credit Losses</span> </div><div style="font-size: 10pt;"> In July 2025, the FASB issued ASU 2025-05, <span style="font-style: italic;">Financial Instruments—Credit Losses (Topic 326):</span> <span style="font-style: italic;">Measurement of Credit Losses for Accounts Receivable and Contract Assets, </span>which provides a practical expedient that all entities can use when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, <span style="font-style: italic;">Revenue from Contracts with Customers</span>. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. This guidance is effective for annual periods beginning after December 15, 2025, including interim reporting periods within those fiscal years, with early adoption permitted. Entities that elect the practical expedient and, if applicable, make the accounting policy election are required to apply the amendments prospectively. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements and disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Internal-Use Software</span> </div><div style="font-size: 10pt;"> In September 2025, the FASB issued ASU 2025-06, <span style="font-style: italic;">Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software</span>, which amends the recognition and disclosure guidance for internal-use software costs, removing the previous software development stage model with a probable-to-complete recognition threshold. This guidance is effective for annual periods beginning after December 15, 2027, including interim reporting periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements and disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Interim Reporting</span> </div><div style="font-size: 10pt;"> In December 2025, the FASB issued ASU 2025-11, <span style="font-style: italic;">Interim Reporting (Topic 270) Narrow-Scope Improvements</span>, which improves the navigability of the guidance in ASC 270, <span style="font-style: italic;">Interim Reporting</span>, and clarifies when it applies. Under this guidance, an entity is subject to ASC 270 if it provides interim financial statements and notes in accordance with GAAP. ASU 2025-11 also addresses the form and content of such financial statements, interim disclosures requirements, and establishes a principle under which an entity must disclose events since the end of the last annual reporting period that have a material impact on the entity. This guidance is effective for annual periods beginning after December 15, 2027, including interim reporting periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements and disclosures. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Codification Improvements</span> </div> In December 2025, the FASB issued ASU 2025-12, <span style="font-style: italic;">Codification Improvements</span>, which addresses suggestions received from stakeholders regarding the Accounting Standards Codification and makes other incremental improvements to GAAP. The update represents changes to the Accounting Standards Codification that clarify, correct errors in or make other improvements to a variety of topics that are intended to make it easier to understand and apply. This guidance is effective for annual periods beginning after December 15, 2026, including interim reporting periods within those fiscal years, with early adoption permitted. Entities are required to apply the amendments to ASC 260 retrospectively. All other amendments may be applied prospectively or retrospectively. <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Principles of Consolidation</span> </div><div style="font-size: 10pt;"> The accompanying consolidated financial statements include the accounts of Motorcar Parts of America, Inc. and its wholly owned subsidiaries. All significant inter-company accounts and transactions have been eliminated. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Segment Reporting</span> </div><div style="font-size: 10pt;"> The Company’s three operating segments are as follows: </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Hard Parts</span>, which include (i) light duty rotating electric products such as alternators and starters and (ii) brake-related products, which includes brake calipers, brake boosters, brake rotors, brake pads and brake master cylinders, and wheel hub assemblies and bearings, </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Test Solutions and Diagnostic Equipment</span>, which includes (i) applications for combustion engine vehicles, including bench-top testers for alternators and starters, (ii) equipment for the pre- and post-production of electric vehicles, and (iii) software emulation of power system applications for the electrification of all forms of transportation (including automobiles, trucks, the emerging electrification of systems within the aerospace industry, and electric vehicle charging stations), and </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Heavy Duty</span>, which includes non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications. </div> </div><div style="font-size: 10pt;"> The Company’s Hard Parts operating segment meets the criteria of a reportable segment. The Test Solutions and Diagnostic Equipment and Heavy Duty segments are not material, and are not required to be separately reported. See Note 20 for more information. </div> 3 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Cash and Cash Equivalents</span> </div><div style="font-size: 10pt;"> Cash primarily consists of cash on hand and bank deposits. Cash equivalents consist of money market funds. The Company considers all highly liquid investments purchased with an original or remaining maturity of less than three months at the date of purchase to be cash equivalents. Cash and cash equivalents are maintained with various financial institutions. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Accounts Receivable</span> </div><div style="font-size: 10pt;"> The Company’s accounts receivable are recorded at amortized cost less an allowance for credit losses that are not expected to be recovered. The net amount of accounts receivable and corresponding allowance for credit losses are presented in the consolidated balance sheets. The Company maintains allowances for credit losses resulting from the expected failure or inability of its customers to make required payments. The Company does not require collateral for accounts receivable. The Company believes its credit risk with respect to trade accounts receivable is limited due to its credit evaluation process and the long-term nature of its relationships with its largest customers. The Company utilizes a historical loss rate method, adjusted for any changes in economic conditions or risk characteristics, to estimate its expected credit losses each period. When developing an estimate of expected credit losses, the Company considers all available relevant information regarding the collectability of cash flows, including historical information, current conditions, and reasonable and supportable forecasts of future economic conditions over the contractual life of the receivable. The historical loss rate method considers past write-offs of trade accounts receivable over a period commensurate with the initial term of the Company’s contracts with its customers. The Company recognizes the allowance for credit losses at inception and reassesses quarterly based on management’s expectation of the asset’s collectability. The Company’s accounts receivable are short-term in nature and written off only when all collection attempts have failed. </div><div style="font-size: 10pt;"> The Company has accounts receivable discount programs that have been established with certain major customers and their respective banks. Under these programs, the Company has the option to sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. Once the customer chooses which outstanding invoices are going to be made available for discounting, the Company can accept or decline the bundle of invoices provided. The accounts receivable discount programs are non-recourse, and funds cannot be reclaimed by the customer or its bank after the related invoices have been discounted. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Inventory</span> </div><div style="font-size: 10pt;"> Inventory is comprised of: (i) Used Core and component raw materials, (ii) work-in-process, (iii) remanufactured finished goods and purchased finished goods. </div><div style="font-size: 10pt;"> Used Core, component raw materials, and purchased finished goods are stated at the lower of average cost or net realizable value. </div><div style="font-size: 10pt;"> Work-in-process is in various stages of production and is valued at the average cost of Used Cores and component raw materials issued to work orders still open, including allocations of labor and overhead costs. Historically, work-in-process inventory has not been material compared to the total inventory balance. </div><div style="font-size: 10pt;"> Remanufactured finished goods include: (i) the Used Core cost and (ii) the cost of component raw materials, and allocations of labor and variable and fixed overhead costs (the “Unit Cost”). The allocations of labor and variable and fixed overhead costs are based on the actual use of the production facilities over the prior 12 months which approximates normal capacity. This method prevents the distortion in allocated labor and overhead costs that would occur during short periods of abnormally low or high production. In addition, the Company excludes certain unallocated overhead such as severance costs, duplicative facility overhead costs, start-up costs, training, and spoilage from the calculation and expenses these unallocated overhead costs as period costs. Purchased finished goods also include an allocation of fixed overhead costs. </div><div style="font-size: 10pt;"> The estimate of net realizable value is subjective and based on management’s judgment and knowledge of current industry demand and management’s projections of industry demand. The estimates may, therefore, be revised if there are changes in the overall market for the Company’s products or market changes that in management’s judgment impact its ability to sell or liquidate potentially excess or obsolete inventory. Net realizable value is determined at least quarterly as follows: </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> Net realizable value for finished goods by customer, by product line are determined based on the agreed upon selling price with the customer for a product in the trailing 12 months. The Company compares the average selling price, including any discounts and allowances, to the finished goods cost of on-hand inventory, less any reserve for excess and obsolete inventory. Any reduction of value is recorded as cost of goods sold in the period in which the revaluation is identified. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> Net realizable value for Used Cores are determined based on current core purchase prices from core brokers to the extent that core purchases in the trailing 12 months are significant. Remanufacturing consumes, on average, more than one Used Core for each remanufactured unit produced since not all Used Cores are reusable. The yield rates depend upon both the product and consumer specifications. The Company purchases Used Cores from core brokers to supplement its yield rates and Used Cores not returned under the core exchange programs. The Company also considers the net selling price its customers have agreed to pay for Used Cores that are not returned under its core exchange programs to assess whether Used Core cost exceeds Used Core net realizable value on a by customer, by product line basis. Any reduction of core cost is recorded as cost of goods sold in the period in which the revaluation is identified. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> The Company records an allowance for potentially excess and obsolete inventory based upon recent sales history, the quantity of inventory on-hand, and a forecast of potential use of the inventory. The Company periodically reviews inventory to identify excess quantities and part numbers that are experiencing a reduction in demand. Any part numbers with quantities identified during this process are reserved for at rates based upon management’s judgment, historical rates, and consideration of possible scrap and liquidation values which may be as high as 100% of cost if no liquidation market exists for the part. As a result of this process, the Company recorded reserves for excess and obsolete inventory of $19,002,000 and $18,964,000 at March 31, 2026 and 2025, respectively. </div> </div><div style="font-size: 10pt;"> The Company records vendor discounts as a reduction of inventories and are recognized as a reduction to cost of goods sold as the inventories are sold. </div> P12M 1 19002000 18964000 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Inventory Unreturned</span> </div><div style="font-size: 10pt;"> Inventory unreturned represents the Company’s estimate, based on historical data and prospective information provided directly by the customer, of finished goods shipped to customers that the Company expects to be returned under its general right of return policy, after the balance sheet date. Inventory unreturned includes only the Unit Cost of a finished good. The return rate is calculated based on expected returns within the normal operating cycle, which is generally one year. As such, the related amounts are classified as current assets. Inventory unreturned is valued in the same manner as the Company’s finished goods inventory. </div> P1Y <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Contract Assets</span> </div><div style="font-size: 10pt;"> Contract assets consists of: (i) the core portion of the finished goods shipped to customers, (ii) upfront payments to customers in connection with customer contracts, (iii) core premiums paid to customers, and (iv) finished goods premiums paid to customers. </div><div style="font-size: 10pt;"> Remanufactured Cores held at customers’ locations as a part of the finished goods sold to the customer are classified as long-term contract assets. These assets are valued at the lower of cost or net realizable value of Used Cores on hand (see Inventory above). For these Remanufactured Cores, the Company expects the finished good containing the Remanufactured Core to be returned under the Company’s general right of return policy or a similar Used Core to be returned to the Company by the customer, under the Company’s core exchange programs, in each case for credit. The Remanufactured Cores and Used Cores returned by consumers to the Company’s customers but not yet returned to the Company are classified as “Cores expected to be returned by customers”, which are included in short-term contract assets until the Company physically receives them during its normal operating cycle, which is generally one year. </div><div style="font-size: 10pt;"> Upfront payments to customers represent marketing allowances, such as sign-on bonuses, slotting fees, and promotional allowances provided by the Company to its customers. These allowances are recognized as an asset and amortized over the appropriate period of time as a reduction of revenue if the Company expects to generate future revenues associated with the upfront payment. If the Company does not expect to generate additional revenue, then the upfront payment is recognized in the consolidated statements of operations when payment occurs as a reduction of revenue. Upfront payments expected to be amortized during the Company’s normal operating cycle, which is generally one year, are classified as short-term contract assets. </div><div style="font-size: 10pt;"> Core premiums paid to customers represent the difference between the Remanufactured Core acquisition price paid to customers, generally in connection with new business, and the related Used Core cost. The core premiums are treated as an asset and recognized as a reduction of revenue through the later of the date at which related revenue is recognized or the date at which the sales incentive is offered. The Company considers, among other things, the length of its largest ongoing customer relationships, duration of customer contracts, and the average life of vehicles on the road in determining the appropriate period of time over which to amortize these premiums. These core premiums are amortized over a period typically ranging from six to eight years, adjusted for specific circumstances associated with the arrangement. Core premiums are recorded as long-term contract assets. Core premiums expected to be amortized within the Company’s normal operating cycle, which is generally one year, are classified as short-term contract assets. </div><div style="font-size: 10pt;"> Finished goods premiums paid to customers represent the difference between the finished good acquisition price paid to customers, generally in connection with new business, and the related finished good cost, which is treated as an asset and recognized as a reduction of revenue through the later of the date at which related revenue is recognized or the date at which the sales incentive is offered. The Company considers, among other things, the length of its largest ongoing customer relationships, duration of customer contracts, and the average life of vehicles on the road in determining the appropriate period of time over which to amortize these premiums. Finished goods premiums are amortized over a period of up to eight years, adjusted for specific circumstances associated with the arrangement. Finished goods premiums are recorded as long-term contract assets. Finished goods premiums expected to be amortized within our normal operating cycle, which is generally one year, are classified as short-term contract assets. </div> P6Y P8Y P8Y <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Income Taxes</span> </div><div style="font-size: 10pt;"> The Company accounts for income taxes using the liability method, which measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The resulting asset or liability is adjusted to reflect changes in the tax laws as they occur. A valuation allowance is provided to reduce deferred tax assets when it is more likely than not that a portion of the deferred tax asset will not be realized. </div><div style="font-size: 10pt;"> The primary components of the Company’s income tax expense were (i) federal income taxes, (ii) state income taxes, (iii) change in realizable deferred tax items, (iv) foreign income taxed at rates that are different from the federal statutory rate, and (v) impact of the non-deductible executive compensation under Internal Revenue Code Section 162(m). </div><div style="font-size: 10pt;"> Realization of deferred tax assets is dependent upon the Company’s ability to generate sufficient future taxable income. Significant judgment is required in determining the Company’s provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company’s net deferred tax assets. The Company makes these estimates and judgments about its future taxable income based on assumptions that are consistent with the Company’s future plans. A valuation allowance is established when the Company believes it is not more likely than not all or some deferred tax assets will be realized. In evaluating the Company’s ability to recover deferred tax assets within the jurisdiction in which they arise, the Company considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, past financial performance, and tax planning strategies. At March 31, 2026 and 2025, the Company had a valuation allowance on deferred tax assets that is considered not more likely than not to be realized under U.S. GAAP. Should the actual amount differ from the Company’s estimate, the amount of the valuation allowance could be impacted. </div><div style="font-size: 10pt;"> The Company has made an accounting policy election to recognize the U.S. tax effects of global intangible low-taxed income as a component of income tax expense in the period the tax arises. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Plant and Equipment</span> </div><div style="font-size: 10pt;"> Plant and equipment are stated at cost, less accumulated depreciation. The cost of additions and improvements are capitalized, while maintenance and repairs are charged to expense when incurred. Depreciation is provided on a straight-line basis in amounts sufficient to relate the cost of depreciable assets to operations over their estimated service lives. Machinery and equipment are depreciated over a range from five to ten years. Office equipment and fixtures are depreciated over a range from three to ten years. Leasehold improvements are depreciated over the lives of the respective leases or the service lives of the leasehold improvements, whichever is shorter. Depreciation of assets recorded under finance leases is included in depreciation expense. The Company evaluates plant and equipment, including leasehold improvements, equipment, construction in progress, and right-of-use assets for impairment whenever events or circumstances indicate that the carrying value of an asset or asset group may not be recoverable. There was no impairment recorded during the years ended March 31, 2026, 2025, or 2024. </div> P5Y P10Y P3Y P10Y 0 0 0 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Leases</span> </div><div style="font-size: 10pt;"> The Company determines if an arrangement contains a lease at inception. Lease assets and lease liabilities are recorded based on the present value of lease payments over the lease term, which includes the minimum unconditional term of the lease. Certain of the Company’s leases include options to extend the leases for up to five years. When the Company has the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that it will exercise the option, the option is considered in determining the classification and measurement of the lease. The lease assets are recorded net of any lease incentives received. The Company exempts leases with an initial term of 12 months or less from balance sheet recognition and, for all classes of assets, combines non-lease components with lease components. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. </div><div style="font-size: 10pt;"> The Company uses its incremental borrowing rate for each of its leases in determining the present value of its expected lease payments based on the information available at the lease commencement date as the rate implicit for each of its leases is not readily detainable. The Company’s incremental borrowing rate is determined by analyzing and combining (i) an applicable risk-free rate, (ii) a financial spread adjustment, and (iii) any lease specific adjustment. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services, which are expensed as incurred and not included in the determination of lease assets and lease liabilities. These costs are calculated based on a variety of factors including property values, tax and utility rates, property services fees, and other factors. The Company records rent expense for operating leases, some of which have escalating rent payments, on a straight-line basis over the lease term. </div><div style="font-size: 10pt;"> The Company has material non-functional currency leases. As required for other monetary liabilities, lessees shall remeasure a foreign currency-denominated lease liability using the exchange rate at each reporting date, but the lease assets are nonmonetary assets measured at historical rates, which are not affected by subsequent changes in the exchange rates. The Company recorded a gain of $6,409,000, a loss of $11,713,000, and a gain of $5,187,000 during the years ended March 31, 2026, 2025 and 2024, respectively, which are included in foreign exchange impact of lease liabilities and forward contracts in the consolidated statements of operations. See Note 10 for additional information regarding the Company’s leases. </div> P5Y 6409000 -11713000 5187000 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Goodwill</span> </div><div style="font-size: 10pt;"> The Company evaluates goodwill for impairment at least annually during the fourth quarter of each fiscal year or more frequently when an event occurs or circumstances change that indicate the carrying value may not be recoverable. The goodwill impairment test is performed at the reporting unit level, which represents the Company’s operating segments. In testing for goodwill impairment, the Company may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If the Company’s qualitative assessment indicates that goodwill impairment is more likely than not, it will proceed with performing the quantitative assessment. If the fair value of the reporting unit exceeds its carrying value, goodwill is not considered impaired. If the carrying value of the reporting unit exceeds its fair value an impairment loss will be recognized for the amount by which the carrying value exceeds the reporting unit’s fair value. The Company completes the required annual testing of goodwill impairment for each of the reporting units during the fourth quarter of the year. No impairment was recorded during the years ended March 31, 2026, 2025, or 2024. </div> 0 0 0 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Intangible Assets</span> </div><div style="font-size: 10pt;"> The Company’s intangible assets other than goodwill are finite–lived and amortized on a straight-line basis over their respective useful lives. The Company analyzes its finite-lived intangible assets for impairment when and if indicators of impairment exist. No impairment was recorded during the years ended March 31, 2026, 2025 or 2024. </div> 0 0 0 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Debt Issuance Costs</span> </div><div style="font-size: 10pt;"> Debt issuance costs include fees and costs incurred to obtain financing. Debt issuance costs related to the Company’s convertible notes are presented in the balance sheet as a direct deduction from the carrying amounts of the convertible notes. Debt issuance costs related to the Company’s revolving loan are presented in prepaid expenses and other current assets in the accompanying consolidated balance sheets, regardless of whether or not there are any outstanding borrowings under the revolving loan. Debt issuance costs related to the Company’s convertible notes are amortized using the effective interest method and debt issuance costs related to the Company’s revolving loans are amortized using the straight-line method, which approximates the effective interest method. Debt issuance costs are amortized over the term of the related loans and included in interest expense in the Company’s consolidated statements of operations. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Foreign Currency Translation</span> </div><div style="font-size: 10pt;"> For financial reporting purposes, the functional currency of the foreign subsidiaries is the local currency. The assets and liabilities of foreign operations for which the local currency is the functional currency are translated into the U.S. dollar at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average exchange rates during the year. The accumulated foreign currency translation adjustment is presented as a component of comprehensive income or loss in the consolidated statements of shareholders’ equity. Aggregate foreign currency transactions recorded in general and administrative expenses were a gain of $494,000, a loss of $2,987,000, and a gain of $515,000 for the years ended March 31, 2026, 2025, and 2024, respectively. </div> 494000 -2987000 515000 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Revenue Recognition</span> </div><div style="font-size: 10pt;"> Revenue is recognized when performance obligations under the terms of a contract with the Company’s customers are satisfied; generally, this occurs with the transfer of control of its products. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Revenue is recognized net of all anticipated returns, marketing allowances, volume discounts, and other forms of variable consideration. Revenue is recognized either when products are shipped or when delivered, depending on the applicable contract terms. </div><div style="font-size: 10pt;"> The price of a finished remanufactured product sold to customers is generally comprised of separately invoiced amounts for the Remanufactured Core included in the product (“Remanufactured Core value”) and the unit portion included in the product (“Unit Value”), for which revenue is recorded based on the Company’s then current price list, net of applicable discounts and allowances. The Remanufactured Core value is recorded as revenue based upon the estimate of Used Cores that will not be returned by the customer for credit. These estimates are subjective and based on management’s judgment and knowledge of historical, current, and projected return rates. As reconciliations are completed with the customers the actual rates at which Used Cores are not being returned may differ from the current estimates. This may result in periodic adjustments of the estimated contract asset and liability amounts recorded and may impact the projected revenue recognition rates used to record the estimated future revenue. These estimates may also be revised if there are changes in contractual arrangements with customers, or changes in business practices. A significant portion of the remanufactured automotive parts sold to customers are replaced by similar Used Cores sent back for credit by customers under the core exchange programs (as described in further detail below). The number of Used Cores sent back under the core exchange programs is generally limited to the number of similar Remanufactured Cores previously shipped to each customer. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Revenue Recognition — Core Exchange Programs</span> </div><div style="font-size: 10pt;"> Full price Remanufactured Cores: When remanufactured products are shipped, certain customers are invoiced for the Remanufactured Core value of the product at the full Remanufactured Core sales price. For these Remanufactured Cores, revenue is only recognized based upon an estimate of the rate at which these customers will pay cash for Remanufactured Cores in lieu of sending back similar Used Cores for credits under the core exchange programs. The remainder of the full price Remanufactured Core value invoiced to these customers is established as a long-term contract liability rather than being recognized as revenue in the period the products are shipped as the Company expects these Remanufactured Cores to be returned for credit under its core exchange programs. </div><div style="font-size: 10pt;"> Nominal price Remanufactured Cores: Certain other customers are invoiced for the Remanufactured Core value of the product shipped at a nominal (generally $0.01 or less) Remanufactured Core price. For these nominal Remanufactured Cores, revenue is only recognized based upon an estimate of the rate at which these customers will pay cash for Remanufactured Cores in lieu of sending back similar Used Cores for credits under the core exchange programs. Revenue amounts are calculated based on contractually agreed upon pricing for these Remanufactured Cores for which the customers are not returning similar Used Cores. The remainder of the nominal price Remanufactured Core value invoiced to these customers is established as a long-term contract liability rather than being recognized as revenue in the period the products are shipped as the Company expects these Remanufactured Cores to be returned for credit under its core exchange programs. </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Revenue Recognition; General Right of Return</span> </div><div style="font-size: 10pt;"> Customers are allowed to return goods that their end-user customers have returned to them, whether or not the returned item is defective (warranty returns). In addition, under the terms of certain agreements and industry practice, customers from time to time are allowed stock adjustments when their inventory of certain product lines exceeds the anticipated sales to end-user customers (stock adjustment returns). Customers have various contractual rights for stock adjustment returns, which are typically less than 5% of units sold. In some instances, a higher level of returns is allowed in connection with significant restocking orders. The aggregate returns are generally limited to less than 20% of unit sales. </div><div style="font-size: 10pt;"> The allowance for warranty returns is established based on a historical analysis of the level of this type of return as a percentage of total unit sales. The allowance for stock adjustment returns is based on specific customer inventory levels, inventory movements, and information on the estimated timing of stock adjustment returns provided by customers. Stock adjustment returns do not occur at any specific time during the year. The return rate for stock adjustments is calculated based on expected returns within the normal operating cycle, which is generally one year. </div><div style="font-size: 10pt;"> The Unit Value of the warranty and stock adjustment returns are treated as reductions of revenue based on the estimations made at the time of the sale. The Remanufactured Core value of warranty and stock adjustment returns are provided for as indicated in the paragraph “Revenue Recognition – Core Exchange Programs”. </div><div style="font-size: 10pt;"> As is standard in the industry, the Company only accepts returns from on-going customers. If a customer ceases doing business with the Company, it has no further obligation to accept additional product returns from that customer. Similarly, the Company accepts product returns and grants appropriate credits to new customers from the time the new customer relationship is established. </div> 0.01 0.05 0.20 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Shipping Costs</span> </div><div style="font-size: 10pt;"> The Company includes shipping and handling charges in the gross invoice price to customers and classifies the total amount as revenue. All shipping and handling costs are expensed as cost of sales as inventory is sold. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Contract Liability</span> </div><div style="font-size: 10pt;"> Contract liability consists of: (i) customer allowances earned, (ii) accrued core payments, (iii) customer core returns accruals, (iv) core bank liability, (v) finished goods liabilities, and (vi) customer deposits. </div><div style="font-size: 10pt;"> Customer allowances earned includes all marketing allowances provided to customers. Such allowances include sales incentives and concessions. Voluntary marketing allowances related to a single exchange of product are recorded as a reduction of revenues at the time the related revenues are recorded or when such incentives are offered. Other marketing allowances, which may only be applied against future purchases, are recorded as a reduction to revenues in accordance with a schedule set forth in the relevant contract. Sales incentive amounts are recorded based on the value of the incentive provided. See Note 15 for a description of all marketing allowances. Customer allowances to be provided to customers within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;"> Accrued core payments represent the agreed upon price of Remanufactured Cores purchased from customers, generally in connection with new business, which are held by these customers and remain on their premises. The sales price of these Remanufactured Cores will be realized when the Company’s relationship with a customer ends, a possibility that the Company considers remote based on existing long-term customer agreements and historical experience. The payments to be made to customers for purchases of Remanufactured Cores within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;"> Customer core returns accruals represent the full and nominally priced Remanufactured Cores shipped to the Company’s customers. When the Company ships the product, it recognizes an obligation to accept a similar Used Core sent back under the core exchange programs based upon the Remanufactured Core price agreed upon by the Company and its customer. The Contract liability related to Used Cores returned by consumers to the Company’s customers but not yet returned to the Company are classified as short-term contract liabilities until the Company physically receives these Used Cores as they are expected to be returned during the Company’s normal operating cycle, which is generally one year and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;"> The core bank liability represents the full Remanufactured Core sales price paid for cores returned under the core exchange programs. The payment for these cores are made over a contractual repayment period pursuant to the Company’s agreement with this customer. Payments to be made within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;"> Finished goods liabilities represents the agreed upon price of finished goods purchased from customers, generally in connection with new business. The payment for these finished goods are made over a contractual repayment period pursuant to the Company’s agreement with the customer. Payments to be made within the Company’s normal operating cycle, which is generally one year, are considered short-term contract liabilities and the remainder are recorded as long-term contract liabilities. </div><div style="font-size: 10pt;"> Customer deposits represent the receipt of prepayments from customers for the obligation to transfer goods or services in the future. The Company classifies these customer deposits as short-term contract liabilities as the Company expects to satisfy these obligations within its normal operating cycle, which is generally one year. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Customer Finished Goods Returns Accrual</span> </div><div style="font-size: 10pt;"> The customer finished goods returns accrual represents the Company’s estimate of its exposure to customer returns, including (i) warranty returns, under its general right of return policy to allow customers to return items that their end user customers have returned to them and (ii) from time to time, stock adjustment returns when the customers’ inventory of certain product lines exceeds the anticipated sales to end-user customers. The customer finished goods returns accrual represents the Unit Value of the estimated returns and is classified as a current liability due to the expectation that these returns will occur within the normal operating cycle of one year. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Advertising Costs</span> </div><div style="font-size: 10pt;"> The Company expenses all advertising costs as incurred. Advertising expenses for the years ended March 31, 2026, 2025 and 2024 were $1,041,000, $435,000, and $614,000, respectively. </div> 1041000 435000 614000 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Net Income (Loss) Per Share</span> </div><div style="font-size: 10pt;"> Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share includes the effect, if any, from the potential exercise or conversion of securities, such as stock options, warrants, and Convertible Notes (as defined in Note 8), which would result in the issuance of incremental shares of common stock to the extent such impact is not anti-dilutive. Potential common shares that would have the effect of increasing diluted net income per share or decreasing diluted net loss per share are considered to be anti-dilutive and as such, these shares are not included in calculating diluted net income (loss) per share. </div><div style="font-size: 10pt;"> The following presents a reconciliation of basic and diluted net income (loss) per share: </div><table cellpadding="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2026 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net income (loss) </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">12,394,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(19,470,000</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(49,244,000</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Basic shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,304,105</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,685,322</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,601,204</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Dilutive effect of share-based awards </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">674,965</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Diluted shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,979,070</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,685,322</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,601,204</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr> <td> <div> Net income (loss) per share: </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Basic net income (loss) per share </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.64</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.99</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2.51</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Diluted net income (loss) per share </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.62</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.99</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2.51</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr><tr> <td> <div> Anti-dilutive shares (excluded from per-share calculations): </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Outstanding share-based awards </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">982,116</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,323,321</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,122,863</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Dilutive effect of Convertible Notes under the "if-converted" method </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,743,359</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,493,963</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,693,778</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;"> The potential common shares related to the Warrants (as defined below) issued in connection with the Convertible Notes (see Note 8) are anti-dilutive until they become exercisable and as of March 31, 2026, the Warrants were not exercisable. </div> <div style="font-size: 10pt;"> The following presents a reconciliation of basic and diluted net income (loss) per share: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2026 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net income (loss) </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">12,394,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(19,470,000</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(49,244,000</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Basic shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,304,105</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,685,322</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">19,601,204</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Dilutive effect of share-based awards </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">674,965</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Diluted shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,979,070</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,685,322</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,601,204</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr> <td> <div> Net income (loss) per share: </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Basic net income (loss) per share </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.64</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.99</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2.51</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Diluted net income (loss) per share </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.62</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.99</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2.51</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr><tr> <td> <div> Anti-dilutive shares (excluded from per-share calculations): </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Outstanding share-based awards </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">982,116</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,323,321</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,122,863</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Dilutive effect of Convertible Notes under the "if-converted" method </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,743,359</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">2,493,963</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,693,778</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> 12394000 -19470000 -49244000 19304105 19685322 19601204 674965 0 0 19979070 19685322 19601204 0.64 -0.99 -2.51 0.62 -0.99 -2.51 982116 2323321 2122863 2743359 2493963 1693778 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Use of Estimates</span> </div><div style="font-size: 10pt;"> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. On an on-going basis, the Company evaluates its estimates, including allowances for credit losses, valuation of inventory and Used Cores, valuation of long-lived assets, goodwill and intangible assets, useful lives of long-lived assets, litigation matters, valuation of deferred tax assets, share-based compensation, sales returns and other customer marketing allowances, the incremental borrowing rate used in determining the present value of lease liabilities, and valuation of the embedded derivatives in connection with the Convertible Notes (as defined in Note 8). Although the Company does not believe that there is a reasonable likelihood that there will be a material change in the future estimate or in the assumptions used in calculating the estimate, unforeseen changes in the industry, or business could materially impact the estimate and may have a material adverse effect on its business, financial condition and results of operations. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Financial Instruments</span> </div><div style="font-size: 10pt;"> The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term nature of these instruments. The carrying amount of short-term investments approximates their fair value as the shares of these mutual funds trade with sufficient frequency and volume to enable the Company to obtain pricing information on an ongoing basis. The carrying amounts of the revolving loan and other long-term liabilities approximate their fair value based on the variable nature of interest rates and current rates for instruments with similar characteristics. See Note 14 for information concerning the fair value of the Company’s Convertible Notes (as defined in Note 8). </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Share-Based Payments</span> </div><div style="font-size: 10pt;"> The Company has share-based compensation plans and recognizes compensation expense over the requisite service period for its share-based plans based on the fair value of the awards on the date of the grant and accounts for forfeitures as they occur. Share-based plans include stock option awards, restricted stock units, restricted stock awards, and performance stock units issued under the Company’s incentive plans. The cost is measured at the grant date, based on (i) the estimated fair value of the award using the Black-Scholes option pricing model for stock options, (ii) the closing share price of the Company’s stock on the grant date for restricted stock units and restricted stock awards, (iii) the closing share price of the Company’s stock on the grant date for performance stock units subject to performance conditions, and (iv) the estimated fair value of the award using the Monte Carlo valuation model for performance stock units subject to market conditions. See Note 19 for further information concerning the Company’s share-based payments. </div><div style="font-size: 10pt;"> The Black-Scholes option-pricing model and Monte Carlo valuation model require the input of assumptions including the expected volatility of the underlying stock and the expected holding period of the option. These assumptions are based on both historical and other information. Changes in the values assumed and used in the model can materially affect the estimate of fair value. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Credit Risk</span> </div><div style="font-size: 10pt;"> The Company regularly reviews its accounts receivable and allowance for credit losses by considering factors such as historical experience, credit quality and age of the accounts receivable, and the current economic conditions that may affect a customer’s ability to pay. The majority of the Company’s sales are to leading automotive aftermarket parts suppliers. The Company participates in trade accounts receivable discount programs with its major customers. If the creditworthiness of any of its customers was downgraded, the Company could be adversely affected, in that it may be subjected to higher interest rates on the use of these discount programs or it could be forced to wait longer for payment. In certain cases, the Company has experienced higher interest rates due to changes in customer credit profiles, which has impacted the overall cost of these financing arrangements. Should the Company’s customers experience significant cash flow problems, its financial position and results of operations could be materially and adversely affected, and the maximum amount of loss that would be incurred would be the outstanding receivable balance, Used Cores expected to be returned by customers, and the value of the Remanufactured Cores held at customers’ locations. The Company maintains an allowance for credit losses that, in its opinion, provides for an adequate reserve to cover losses that may be incurred. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Deferred Compensation Plan</span> </div><div style="font-size: 10pt;"> The Company has a deferred compensation plan for certain members of management. The plan allows participants to defer salary and bonuses. The assets of the plan, which are held in a trust and are subject to the claims of the Company’s general creditors under federal and state laws in the event of insolvency, are recorded as short-term investments in the consolidated balance sheets. Consequently, the trust qualifies as a Rabbi trust for income tax purposes. The plan’s assets consist primarily of mutual funds and are recorded at market value with any unrealized gain or loss recorded as general and administrative expense. The carrying value of plan assets were $2,028,000 and $1,881,000, and the deferred compensation liability, which is included in other current liabilities in the accompanying consolidated balance sheets, was $2,028,000 and $1,881,000 at March 31, 2026 and 2025, respectively. During the years ended March 31, 2026, 2025, and 2024, the Company made contributions of $80,000, $36,000 and $6,000, respectively. During the year ended March 31, 2024, the Company’s matching contributions under its deferred compensation plan were temporarily halted through February 2024 when they were reinstated. </div><div style="font-size: 10pt;"> During the years ended March 31, 2026, 2025, and 2024, employee contributions of $115,000, $46,000, and $82,000, respectively, were made to the deferred compensation plan. During the years ended March 31, 2026, 2025, and 2024, the Company redeemed $301,000, $151,000, and $603,000, respectively, of its short-term investments for the payment of deferred compensation liabilities. </div><div style="font-size: 10pt;"> The following summarizes the gain on the Company’s equity investments: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="width: 1%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2026 </td><td style="width: 1%; font-weight: bold; text-align: center;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net gain recognized on equity securities </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">252,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">105,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">347,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Less: net gain recognized on equity securities sold </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">27,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">8,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">74,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Unrealized gain recognized on equity securities still held </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">225,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">97,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">273,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table> 2028000 1881000 2028000 1881000 80000 36000 6000 115000 46000 82000 301000 151000 603000 <div style="font-size: 10pt;"> The following summarizes the gain on the Company’s equity investments: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="width: 1%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2026 </td><td style="width: 1%; font-weight: bold; text-align: center;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net gain recognized on equity securities </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">252,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">105,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">347,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Less: net gain recognized on equity securities sold </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">27,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">8,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;">74,000</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Unrealized gain recognized on equity securities still held </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">225,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">97,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;">273,000</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table> 252000 105000 347000 27000 8000 74000 225000 97000 273000 <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Comprehensive Income or Loss</span> </div><div style="font-size: 10pt;"> Comprehensive income or loss is defined as the change in equity during a period resulting from transactions and other events and circumstances from non-owner sources. The Company’s total comprehensive income or loss consists of net unrealized income or loss from foreign currency translation adjustments. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Restructuring Costs</span> </div><div style="font-size: 10pt;"> The Company periodically implements restructuring programs to enhance operating efficiencies. Restructuring costs, including severance and other employee termination benefits, facility exit costs, transition expenses, and other incremental costs directly associated with an approved restructuring plan, are recognized when management has approved the restructuring plan, the plan has been communicated to affected employees, and the amounts can be reasonably estimated. Restructuring costs are recorded within each respective line item in the consolidated statements of operations based on the nature of the costs and the functions of the affected employees and activities. Restructuring costs, including relocation costs, associated with future activities are expensed as incurred. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">3. Goodwill and Intangible Assets</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Goodwill</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company had goodwill of $3,205,000 at March 31, 2026 and 2025, which was comprised of $2,551,000 for the Hard Parts segment and $654,000 for all others, respectively. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Intangible Assets</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following is a summary of acquired intangible assets subject to amortization: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: auto; margin-right: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td colspan="6" style="white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%; font-weight: bold; text-align: center;"><span style="letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2026</span> </td> <td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td colspan="6" style="white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%; font-weight: bold; text-align: center;"><span style="letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2025</span> </td> <td style="white-space: nowrap; width: 1%;"> </td> </tr><tr> <td> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Weighted <br/>Average <br/>Amortization <br/>Period </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Gross Carrying <br/>Value </td><td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Accumulated <br/>Amortization </td><td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Gross Carrying <br/>Value </td><td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Accumulated <br/>Amortization </td><td style="white-space: nowrap; width: 1%;"> </td> </tr> <tr> <td> <div> Intangible assets subject to amortization </div> </td> <td> </td> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Trademarks </div> </td> <td> </td> <td style="text-align: center;"> 10 years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">520,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">513,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Customer relationships </div> </td> <td> </td> <td style="text-align: center;"> 8 years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,601,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,366,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,532,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,987,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div><b> Total intangible assets subject to amortization </b></div> </td> <td> </td> <td style="text-align: center;"> 8 years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">2,601,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">2,366,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">3,052,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">2,500,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the years ended March 31, 2026 and 2025, the Company retired $520,000 and $6,085,000, respectively, of fully amortized intangible assets. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Amortization expense for acquired intangible assets is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td colspan="12"><br/></td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td colspan="9" style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> 2026 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Amortization expense </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">335,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">477,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">1,075,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The estimated future amortization expense for acquired intangible assets subject to amortization is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Year Ending March 31,</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> 2027 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">235,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Total </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 4px double black;">235,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table> 3205000 3205000 2551000 2551000 654000 654000 <div style="font-size: 10pt;"> The following is a summary of acquired intangible assets subject to amortization: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: auto; margin-right: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td colspan="6" style="white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%; font-weight: bold; text-align: center;"><span style="letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2026</span> </td> <td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td colspan="6" style="white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%; font-weight: bold; text-align: center;"><span style="letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2025</span> </td> <td style="white-space: nowrap; width: 1%;"> </td> </tr><tr> <td> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Weighted <br/>Average <br/>Amortization <br/>Period </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Gross Carrying <br/>Value </td><td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Accumulated <br/>Amortization </td><td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Gross Carrying <br/>Value </td><td style="white-space: nowrap; width: 1%;"> </td> <td style="white-space: nowrap; width: 1%;"> </td><td style="white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; white-space: nowrap; font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Accumulated <br/>Amortization </td><td style="white-space: nowrap; width: 1%;"> </td> </tr> <tr> <td> <div> Intangible assets subject to amortization </div> </td> <td> </td> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Trademarks </div> </td> <td> </td> <td style="text-align: center;"> 10 years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">520,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">513,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Customer relationships </div> </td> <td> </td> <td style="text-align: center;"> 8 years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,601,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,366,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,532,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,987,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div><b> Total intangible assets subject to amortization </b></div> </td> <td> </td> <td style="text-align: center;"> 8 years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">2,601,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">2,366,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">3,052,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">2,500,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> P10Y 0 0 520000 513000 P8Y 2601000 2366000 2532000 1987000 P8Y 2601000 2366000 3052000 2500000 520000 6085000 <div style="font-size: 10pt;"> Amortization expense for acquired intangible assets is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td colspan="12"><br/></td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td colspan="9" style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td> <td style="width: 1%;"> </td> </tr><tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> 2026 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> 2025 </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> 2024 </td><td style="width: 1%;"> </td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Amortization expense </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">335,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">477,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">1,075,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> 335000 477000 1075000 <div style="font-size: 10pt;"> The estimated future amortization expense for acquired intangible assets subject to amortization is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Year Ending March 31,</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> 2027 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">235,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Total </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 4px double black;">235,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table> 235000 235000 <div style="text-indent: -11.45pt; padding-left: 11.45pt; font-size: 10pt;"> <span style="font-weight: bold;">4. Accounts Receivable </span>— <span style="font-weight: bold;">Net</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has trade accounts receivable that result from the sale of goods and services. Accounts receivable — net includes offset accounts related to customer payment discrepancies, returned goods authorizations (“RGAs”) issued for in-transit unit returns, and allowances for credit losses. </div><div style="font-size: 10pt;"> Accounts receivable — net is comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Accounts receivable - net</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Accounts receivable — trade </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">138,909,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,807,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 20px;"> <div> Allowance for credit losses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(291,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(207,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 20px;"> <div> Customer payment discrepancies </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,632,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,765,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 20px;"> <div> Customer returns RGA issued </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(24,372,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(20,771,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Less: total accounts receivable offset accounts </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(26,295,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(22,743,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> <span style="font-weight: bold;">Total accounts receivable — net</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">112,614,000</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">91,064,000</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> <div style="font-size: 10pt;"> Accounts receivable — net is comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Accounts receivable - net</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Accounts receivable — trade </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">138,909,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,807,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 20px;"> <div> Allowance for credit losses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(291,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(207,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 20px;"> <div> Customer payment discrepancies </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,632,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,765,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 20px;"> <div> Customer returns RGA issued </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(24,372,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(20,771,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Less: total accounts receivable offset accounts </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(26,295,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(22,743,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> <span style="font-weight: bold;">Total accounts receivable — net</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">112,614,000</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">91,064,000</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 138909000 113807000 291000 207000 1632000 1765000 24372000 20771000 26295000 22743000 112614000 91064000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">5. Inventory</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Inventory is comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td><td style="font-weight: bold; white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> March 31, 2026 </td><td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td> <td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td><td style="font-weight: bold; white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> March 31, 2025 </td><td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td> </tr> <tr> <td style="font-weight: bold;"> <div> Inventory - net </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Raw materials </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">145,832,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">150,274,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Work in process </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9,930,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,821,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Finished goods </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">243,843,000</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">202,078,000</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">399,605,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">360,173,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Less allowance for excess and obsolete inventory </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(19,002,000</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(18,964,000</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr> <td style="font-weight: bold; padding-left: 10px;"> <div> Total inventory - net </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">380,603,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">341,209,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div> Inventory unreturned </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">16,438,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">18,460,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> <div style="font-size: 10pt;"> Inventory is comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td><td style="font-weight: bold; white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> March 31, 2026 </td><td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td> <td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td><td style="font-weight: bold; white-space: nowrap; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; font-weight: bold; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> March 31, 2025 </td><td style="font-weight: bold; white-space: nowrap; width: 1%;"> </td> </tr> <tr> <td style="font-weight: bold;"> <div> Inventory - net </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Raw materials </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">145,832,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">150,274,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Work in process </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9,930,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,821,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Finished goods </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">243,843,000</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">202,078,000</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">399,605,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">360,173,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Less allowance for excess and obsolete inventory </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(19,002,000</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(18,964,000</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr> <td style="font-weight: bold; padding-left: 10px;"> <div> Total inventory - net </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">380,603,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">341,209,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div> Inventory unreturned </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">16,438,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">18,460,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 145832000 150274000 9930000 7821000 243843000 202078000 399605000 360173000 19002000 18964000 380603000 341209000 16438000 18460000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">6. Contract Assets</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the years ended March 31, 2026, 2025, and 2024, the Company reduced the carrying value of Remanufactured Cores held at customers’ locations by $3,590,000, $2,805,000, and $5,353,000, respectively. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In addition, the Company reduced the carrying value of Remanufactured Cores held at customers’ locations and long-term core inventory deposits by $27,524,000 during the year ended March 31, 2026, in connection with the realignment of inventory at certain customers’ distribution centers. The Company did not reduce the carrying value of Remanufactured Cores held at customers’ locations in connection with the realignment of inventory at certain customers’ distribution centers during the years ended March 31, 2025 and 2024. </div><div style="font-size: 10pt;"> Contract assets are comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="font-weight: bold; text-align: center; width: 1%;"> </td><td style="font-weight: bold; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="font-weight: bold; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> March 31, 2026 </td><td style="font-weight: bold; text-align: center; width: 1%;"> </td> <td style="font-weight: bold; white-space: nowrap; text-align: center; width: 1%;"> </td><td style="font-weight: bold; white-space: nowrap; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="font-weight: bold; white-space: nowrap; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> March 31, 2025 </td><td style="font-weight: bold; white-space: nowrap; text-align: center; width: 1%;"> </td> </tr> <tr> <td style="font-weight: bold;"> <div> Short-term contract assets </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Cores expected to be returned by customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">21,294,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,732,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Core premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,187,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9,669,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Finished goods premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,429,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">805,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Upfront payments to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">642,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,400,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold; padding-left: 20px;"> <div> Total short-term contract assets </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">34,552,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">29,606,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div> Long-term contract assets </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Remanufactured cores held at customers' locations </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">297,592,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">301,388,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Core premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">28,198,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">24,714,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Finished goods premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,700,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,483,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Upfront payments to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,731,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,114,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Long-term core inventory deposits </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,569,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold; padding-left: 20px;"> <div> Total long-term contract assets </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">331,221,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">336,268,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 3590000 2805000 5353000 27524000 0 0 <div style="font-size: 10pt;"> Contract assets are comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr> <td> </td> <td style="font-weight: bold; text-align: center; width: 1%;"> </td><td style="font-weight: bold; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="font-weight: bold; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> March 31, 2026 </td><td style="font-weight: bold; text-align: center; width: 1%;"> </td> <td style="font-weight: bold; white-space: nowrap; text-align: center; width: 1%;"> </td><td style="font-weight: bold; white-space: nowrap; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="font-weight: bold; white-space: nowrap; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> March 31, 2025 </td><td style="font-weight: bold; white-space: nowrap; text-align: center; width: 1%;"> </td> </tr> <tr> <td style="font-weight: bold;"> <div> Short-term contract assets </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Cores expected to be returned by customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">21,294,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,732,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Core premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,187,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9,669,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Finished goods premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,429,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">805,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Upfront payments to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">642,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,400,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold; padding-left: 20px;"> <div> Total short-term contract assets </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">34,552,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">29,606,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div> Long-term contract assets </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Remanufactured cores held at customers' locations </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">297,592,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">301,388,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Core premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">28,198,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">24,714,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Finished goods premiums paid to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,700,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,483,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Upfront payments to customers </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,731,000</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,114,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr> <td style="padding-left: 10px;"> <div> Long-term core inventory deposits </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,569,000</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="font-weight: bold; padding-left: 20px;"> <div> Total long-term contract assets </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">331,221,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">336,268,000</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 21294000 17732000 11187000 9669000 1429000 805000 642000 1400000 34552000 29606000 297592000 301388000 28198000 24714000 3700000 2483000 1731000 2114000 0 5569000 331221000 336268000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">7. Plant and Equipment</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Plant and equipment is comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Plant and equipment</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Machinery and equipment </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">66,393,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">62,330,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Office equipment and fixtures </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">37,621,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">34,250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Leasehold improvements </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">15,463,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">13,485,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">119,477,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,065,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Less: accumulated depreciation </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(88,738,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(78,075,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total plant and equipment</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30,739,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">31,990,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Plant and equipment located in the foreign countries where the Company has facilities, net of accumulated depreciation, totaled $27,321,000 and $27,760,000, of which $24,126,000 and $25,001,000 is located in Mexico, at March 31, 2026 and 2025, respectively. </div> <div style="font-size: 10pt;"> Plant and equipment is comprised of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Plant and equipment</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Machinery and equipment </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">66,393,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">62,330,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Office equipment and fixtures </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">37,621,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">34,250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Leasehold improvements </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">15,463,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">13,485,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">119,477,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,065,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Less: accumulated depreciation </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(88,738,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(78,075,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total plant and equipment</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30,739,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">31,990,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 66393000 62330000 37621000 34250000 15463000 13485000 119477000 110065000 88738000 78075000 30739000 31990000 27321000 27760000 24126000 25001000 <div style="text-indent: -16.6pt; padding-left: 16.6pt;"> <div style="float: left; width: 16.6pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">8.</span> </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Debt</span> </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has $268,620,000 in senior secured financing, (as amended from time to time, the “Credit Facility”) consisting of a $238,620,000 revolving loan facility (the “Revolving Facility”), subject to certain restrictions, and a $30,000,000 term loan facility (the “Term Loans”). The Term Loans were repaid during the year ended March 31, 2024. The Credit Facility matures on December 12, 2028. The lenders have a security interest in substantially all of the assets of the Company. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company had $94,668,000 and $90,787,000 outstanding under the Revolving Facility at March 31, 2026 and 2025, respectively. In addition, $15,470,000 was outstanding for letters of credit at March 31, 2026. At March 31, 2026, after certain contractual adjustments, $119,048,000 was available under the Revolving Facility. The interest rate on the Company’s Revolving Facility was 6.79% and 7.46% at March 31, 2026 and 2025, respectively. </div><div> The Credit Facility requires the Company to maintain a minimum fixed charge coverage ratio if undrawn availability is less than 22.5% of the aggregate revolving commitments and a specified minimum undrawn availability. During the year ended March 31, 2026, undrawn availability was greater than the 22.5% threshold, therefore, the fixed charge coverage ratio financial covenant was not required to be tested. </div><div>  </div><div> <span style="font-style: italic;">Convertible Notes, Related Party</span> </div><div>  </div><div> On March 31, 2023, the Company entered into a note purchase agreement, as amended, (the “Note Purchase Agreement”) with Bison Capital Partners VI, L.P. and Bison Capital Partners VI-A, L.P. (collectively, the “Purchasers”) and Bison Capital Partners VI, L.P., as the purchaser representative (the “Purchaser Representative”) for the issuance and sale of $32,000,000 in aggregate principal amount of convertible notes due in 2029 (the “Convertible Notes”), which was used for general corporate purposes. The Convertible Notes will bear interest at a rate of 10.0% per annum, compounded annually, and payable (i) in kind or (ii) in cash, annually in arrears on April 1 of each year. In April 2025, non-cash accrued interest for the Convertible Notes of $3,521,000 was paid in-kind and is included in the principal amount of Convertible Notes at March 31, 2026. In April 2024, non-cash accrued interest on the Convertible Notes of $3,209,000 was paid in-kind and is included in the principal amount of Convertible Notes at March 31, 2025. </div><div>  </div><div> The Company’s Convertible Notes are comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 11.25pt; white-space : nowrap; "> <td style="vertical-align: middle; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: middle;"> <div> <span style="font-weight: bold;">Convertible Notes, related party</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Principal amount of Convertible Notes </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">38,730,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">35,209,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: unamortized debt discount attributed to Compound Net Derivative Liability </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,332,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(6,556,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: unamortized debt discount attributed to debt issuance costs </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">(745,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">(916,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Carrying amount of the Convertible Notes </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">32,653,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">27,737,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Plus: Compound Net Derivative Liability </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">6,340,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">7,470,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Net carrying amount of Convertible Notes, related party</span> </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">38,993,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">35,207,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><div> The aggregate proceeds from the offering were approximately $31,280,000, net of initial purchasers’ fees and other related expenses. The initial conversion rate is 66.6667 shares of the Company’s common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $15.00 per share of common stock). At March 31, 2026, the Company had 28,680,086 shares of its common stock available to be issued if the Convertible Notes were converted. </div><div>  </div><div> In connection with the Note Purchase Agreement, the Company entered into common stock warrants (the “Warrants”) with the Purchasers, which mature on March 30, 2029. The Warrants do not become exercisable unless a Company Redemption (as defined below) occurs and the volume weighted average price of the Company’s common stock for 20 consecutive days prior to the redemption is less than $15.00. The fair value of the Warrants, using Level 3 inputs and the Monte Carlo simulation model, was zero at March 31, 2026 and 2025. The Company estimates the fair value of the Warrants at each balance sheet date. Any subsequent changes from the initial recognition in the fair value of the Warrants will be recorded in current period earnings in the consolidated statements of operations. </div><div>  </div><div> The Convertible Notes may be converted, subject to certain conditions, at an initial conversion price of $15.00, subject to adjustment as provide in the Convertible Notes (the “Conversion Option”). The Convertible Notes also include a provision for a return of interest (“Return of Interest”), which requires the Purchasers to return 15.0% of the interest paid to the Company in certain circumstances, subject to reduction of the Return of Interest amount in the event that the Return of Interest amount would result in total payments to the Purchasers of less than two times the original principal amount. The Return of Interest provision is accounted for as part of the Conversion Option and if the Conversion Option is exercised in the future, the Return of Interest provision will remain outstanding until the Purchaser sells all of the underlying stock received upon conversion. Upon conversion, any value associated with the Return of Interest provision will be reflected as a derivative asset upon conversion, with changes in fair value being recorded in earnings in the consolidated statements of operations until settlement in connection with the sale of the underlying stock by the Purchaser. Unless and until the Company delivers a redemption notice, the Purchasers of the Convertible Notes may convert their Convertible Notes at any time at their option. Upon conversion, the Convertible Notes will be settled in shares of the Company’s common stock. The conversion rate and conversion price are subject to customary adjustments upon the occurrence of certain events. The Convertible Notes have a stated maturity of March 30, 2029, subject to earlier conversion or redemption in accordance with their terms. </div><div> If there is a Fundamental Transaction, as defined in the Form of Convertible Promissory Note, the Company may redeem all or part of the Convertible Notes. Except in the case of the occurrence of a Fundamental Transaction, the Company may not redeem the Convertible Notes prior to March 31, 2026. After March 31, 2026, the Company may redeem all or part of the Convertible Notes for a cash purchase (the “Company Redemption”) price equal to the Redemption Price (as defined below) plus $5,000,000, but only if (i) it is listed on a national exchange, (ii) there is no “Event of Default” occurring and continuing, and (iii) Adjusted EBITDA for the prior four quarters is greater than $80,000,000. The “Redemption Price” shall mean a cash amount equal to the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest. However, if the volume weighted average price of the Company’s common stock for 20 consecutive days prior to the notice of the Company Redemption is less than $15, the Purchasers may exercise the warrants and the Company will pay the Redemption Price plus $2,000,000. </div><div>  </div><div> The Conversion Option and the Company Redemption both met the criteria for bifurcation from the Convertible Notes as derivatives and have been combined as a compound net derivative liability (the “Compound Net Derivative Liability”). The Compound Net Derivative Liability has been recorded within <span style="-sec-ix-hidden: hidden-fact-4"><span style="-sec-ix-hidden: hidden-fact-5"><span style="-sec-ix-hidden: hidden-fact-6"><span style="-sec-ix-hidden: hidden-fact-7">convertible note, related party</span></span></span></span> in the consolidated balance sheets. The fair value of the Conversion Option and the Company Redemption option using Level 3 inputs and the Monte Carlo simulation model was a liability of $16,900,000 and $9,000,000, and an asset of $10,560,000 and $1,530,000 at March 31, 2026 and 2025, respectively. The Company estimates the fair value of the Compound Net Derivative Liability at each balance sheet date. Any subsequent changes from the initial recognition in the fair value of the Compound Net Derivative Liability are recorded in current period earnings in the consolidated statements of operations. During the years ended March 31, 2026, 2025, and 2024, the Company recorded a gain of $1,130,000, a loss of $60,000, and a gain of $1,020,000, respectively, as the change in fair value of the Compound Net Derivative Liability in the consolidated statements of operations and consolidated statements of cash flows. </div><div>  </div><div> The Convertible Notes also contain additional features, such as, default interest and options related to a Fundamental Transaction, requiring bifurcation which were not separately accounted for as the value of such features were not material at March 31, 2026 and 2025. Any subsequent changes from the initial recognition in the fair value of those features are recorded in current period earnings in the consolidated statements of operations. </div><div>  </div><div> The Convertible Notes include customary provisions relating to the occurrence of Events of Default, which include the following: (i) certain payment defaults on the Convertible Notes; (ii) certain events of bankruptcy, insolvency and reorganization involving the Company or any of its subsidiaries; (iii) the entering of one or more final judgments or orders against the Company or any of its subsidiaries for an aggregate payment exceeding $25,000,000; (iv) the acceleration of senior debt or any other debt greater than $25,000,000; (v) certain failures of the Company to comply with certain provisions of the Note Purchase Agreement or material breaches of the Note Purchase Agreement by the Company or any of its subsidiaries; (vi) any material provision of the Note Purchase Agreement, the Convertible Notes, the guarantee, the subordination agreement, the Warrants or the registration rights agreement, for any reason, ceases to be valid and binding on the Company or any subsidiary, or any subsidiary shall so claim in writing to challenge the validity of or the Company’s liability under the Note Purchase Agreement, the Convertible Notes, or the registration rights agreement; or (vii) the Company fails to maintain the listing of its capital stock on a national securities exchange. Events of Default will be subject to a 30-day cure period except for those related to clause (ii) and (iv) of the preceding sentence. </div><div>  </div><div> If an Event of Default occurs and is continuing, then, the Company shall deliver written notice to the Purchasers within 5 business days of first learning of such Event of Default. If an Event of Default involving bankruptcy, insolvency or reorganization events with respect to the Company (and not solely with respect to its significant subsidiary) occurs, then the principal amount of, and all accrued and unpaid interest on, all of the Convertible Notes then outstanding will immediately become due and payable without any further action. </div><div>  </div><div> Unamortized debt issuance costs of $745,000 and $916,000 are presented in the balance sheet as a direct deduction from the carrying amounts of the Convertible Notes at March 31, 2026 and 2025, respectively. Debt issuance costs are amortized using the effective interest method through the maturity of the Convertible Note and recorded in interest expense in the consolidated statements of operations. The effective interest rate was 18.3% as of March 31, 2026, 2025, and 2024, respectively. </div><div> Additionally, pursuant to the Note Purchase Agreement, subject to certain conditions, the Purchaser Representative shall have the right to nominate one director to serve (the “Investor Director”) on the Company’s Board of Directors (the “Board”). If an Investor Director is not currently serving on the Board, and subject to certain other conditions set forth in the Note Purchase Agreement, the Purchaser Representative shall have the right to designate one person to have observation rights with respect to all meetings of the Board. In connection with the Company’s entry into the Note Purchase Agreement, Douglas Trussler was appointed to serve on its Board. </div><div>  </div><div> Interest expense related to the Convertible Notes is as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td colspan="9" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: middle;"> <div> <span style="font-weight: bold;">Interest expense on Convertible Notes</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Contractual interest expense </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,873,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,521,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,200,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accretion of debt discount </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,224,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,020,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">853,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Amortization of issuance costs </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">171,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">142,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">119,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total interest expense</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,268,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,683,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,172,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div>  </div><div> There are no future payments required under the Convertible Notes prior to their maturity, therefore, the principal amount of the notes plus interest payable in kind, assuming no early redemption or conversion has occurred, of $56,704,000 would be paid on March 30, 2029. </div> 268620000 238620000 30000000 2028-12-12 94668000 90787000 15470000 119048000 0.0679 0.0746 0.225 0.225 32000000 0.10 3521000 3209000 <div> The Company’s Convertible Notes are comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 11.25pt; white-space : nowrap; "> <td style="vertical-align: middle; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: middle;"> <div> <span style="font-weight: bold;">Convertible Notes, related party</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Principal amount of Convertible Notes </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">38,730,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">35,209,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: unamortized debt discount attributed to Compound Net Derivative Liability </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,332,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(6,556,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: unamortized debt discount attributed to debt issuance costs </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">(745,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">(916,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Carrying amount of the Convertible Notes </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">32,653,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">27,737,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Plus: Compound Net Derivative Liability </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">6,340,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">7,470,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Net carrying amount of Convertible Notes, related party</span> </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">38,993,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">35,207,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 38730000 35209000 5332000 6556000 745000 916000 32653000 27737000 6340000 7470000 38993000 35207000 31280000 66.6667 1000 15 28680086 2029-03-30 20 15 0 0 15 0.15 2029-03-30 5000000 80000000 20 15 2000000 16900000 9000000 10560000 1530000 1130000 -60000 1020000 25000000 25000000 P30D P5D 745000 916000 0.183 0.183 0.183 1 1 <div> Interest expense related to the Convertible Notes is as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td colspan="9" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: middle;"> <div> <span style="font-weight: bold;">Interest expense on Convertible Notes</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Contractual interest expense </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,873,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,521,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,200,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accretion of debt discount </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,224,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,020,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">853,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Amortization of issuance costs </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">171,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">142,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">119,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total interest expense</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,268,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,683,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,172,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 3873000 3521000 3200000 1224000 1020000 853000 171000 142000 119000 5268000 4683000 4172000 56704000 <div> <span style="font-weight: bold;">9. Contract Liabilities</span> </div><div>  </div><div> During the year ended March 31, 2026, the Company recognized remanufactured core revenue of $14,797,000 and reduced the customer core returns accruals in connection with the realignment of inventory at certain customer distribution centers. The Company did not have any remanufactured core revenue in connection with the realignment of inventory at certain customer distribution centers during the years ended March 31, 2025 and 2024. </div><div>  </div><div> Contract liabilities are comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 12.75pt; white-space : nowrap; "> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> <span style="font-weight: bold;">Short-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer allowances earned </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,616,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">16,283,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer core returns accruals </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">18,394,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">13,880,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accrued core payment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">10,121,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,196,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Core bank liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">10,048,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,795,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer deposits </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,185,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,486,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finished goods liabilities </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">837,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">518,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> <span style="font-weight: bold;">Total short-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">61,201,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">38,158,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> <span style="font-weight: bold;">Long-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer core returns accruals </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">245,504,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">227,588,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accrued core payment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,604,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,768,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Core bank liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">10,048,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> <span style="font-weight: bold;">Total long-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">249,108,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">241,404,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> </table> 14797000 0 0 <div> Contract liabilities are comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 12.75pt; white-space : nowrap; "> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> <span style="font-weight: bold;">Short-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer allowances earned </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,616,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">16,283,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer core returns accruals </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">18,394,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">13,880,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accrued core payment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">10,121,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,196,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Core bank liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">10,048,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,795,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer deposits </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,185,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,486,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finished goods liabilities </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">837,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">518,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> <span style="font-weight: bold;">Total short-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">61,201,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">38,158,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> <span style="font-weight: bold;">Long-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer core returns accruals </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">245,504,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">227,588,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accrued core payment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,604,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,768,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Core bank liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">10,048,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> <span style="font-weight: bold;">Total long-term contract liabilities</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">249,108,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">241,404,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> </table> 19616000 16283000 18394000 13880000 10121000 3196000 10048000 1795000 2185000 2486000 837000 518000 61201000 38158000 245504000 227588000 3604000 3768000 0 10048000 249108000 241404000 <div> <span style="font-weight: bold;">10. Leases</span> </div><div>  </div><div> The Company leases various facilities in North America and Asia under operating leases expiring through August 2033. The Company also has finance leases for certain office and manufacturing equipment, which generally range from three to five years. The Company has material non-functional currency leases, which resulted in a remeasurement gain of $6,409,000, a remeasurement loss of $11,713,000 and a remeasurement gain of $5,187,000 during the years ended March 31, 2026, 2025, and 2024, respectively. These remeasurement gains and losses are included in foreign exchange impact of lease liabilities and forward contracts in the consolidated statements of operations. </div><div>  </div><div> During the year ended March 31, 2025, the Company ceased manufacturing operations at its Torrance, California facility as a part of its on-going strategy to utilize its global footprint to enhance its operating efficiencies. This represented a significant change to the use of this right-of-use asset, which required a reassessment of the Company’s asset groups. The Company concluded that this right-of-use asset was no longer part of the Hard Parts asset group. The Company performed a test for recoverability (using Level 3 inputs) which resulted in no impairment at March 31, 2026 and 2025, respectively. Any future changes to the assumptions and estimates from those anticipated may affect the carrying value of right-of-use assets and could result in impairment charges. </div><div>  </div><div> Balance sheet information for leases is comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 39%;"> </td><td style="width: 1%;"> </td><td style="width: 36%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 11.25pt; white-space : nowrap; "> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> <span style="font-weight: bold;">Leases</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td> <div> <span style="font-weight: bold;">Classification</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> Assets: </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-8"><span style="-sec-ix-hidden: hidden-fact-9">Operating lease assets</span></span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">63,103,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">66,603,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finance </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-10"><span style="-sec-ix-hidden: hidden-fact-11">Plant and equipment</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,784,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,296,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total leased assets</span> </div> </td> <td colspan="2" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">67,887,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">70,899,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td> <div> Liabilities: </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> Current </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-12"><span style="-sec-ix-hidden: hidden-fact-13">Operating lease liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,957,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">9,982,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finance </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-14"><span style="-sec-ix-hidden: hidden-fact-15">Other current liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,289,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,222,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td> <div> Long-term </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-16"><span style="-sec-ix-hidden: hidden-fact-17">Long-term operating lease liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">56,969,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">65,308,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finance </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-18"><span style="-sec-ix-hidden: hidden-fact-19">Other liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,202,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,954,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 15.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total lease liabilities</span> </div> </td> <td colspan="2" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">70,417,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">78,466,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> </table><div> Lease cost recognized in the consolidated statements of operations is comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="9" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Years Ended March 31, </span> </div> </td> <td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2024</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> <div> <span style="font-weight: bold;">Lease cost</span> </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Operating lease cost </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">14,357,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">14,057,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">15,047,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Short-term lease cost </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">999,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,221,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,263,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Variable lease cost </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">592,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">511,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">667,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Finance lease cost: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Amortization of finance lease assets </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,294,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,234,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,508,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Interest on finance lease liabilities </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">297,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">191,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">219,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total lease cost</span> </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,539,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,214,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">18,704,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div>  </div><div> Maturities of lease commitments were as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; white-space : nowrap; "> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Maturity of lease liabilities by year ended March 31,</span> </div> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Operating Leases</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Finance Leases</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Total</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> 2027 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">12,454,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">1,547,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">14,001,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> 2028 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,806,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,292,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">13,098,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> 2029 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,285,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,027,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">12,312,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> 2030 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,387,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">950,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">12,337,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> 2031 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,623,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">269,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,892,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Thereafter </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,529,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">- </td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,529,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Total lease payments </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">79,084,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5,085,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">84,169,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 20px;"> <div> Less: amount representing interest </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,158,000</td><td style="width: 1%; text-align: left;">) </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(594,000</td><td style="width: 1%; text-align: left;">) </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,752,000</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> <span style="font-weight: bold;">Present value of lease liabilities</span> </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">65,926,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,491,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">70,417,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div>  </div><div> Other information about leases is as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; white-space : nowrap; "> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">March 31, 2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">March 31, 2025</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> <div> <span style="font-weight: bold;">Lease term and discount rate</span> </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Weighted-average remaining lease term (years): </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Finance leases </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">3.8</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">3.2</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Operating leases </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">6.5</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7.3</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Weighted-average discount rate: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Finance leases </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">6.8</td><td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7</td><td style="width: 1%; text-align: left;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Operating leases </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5.7</td><td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5.8</td><td style="width: 1%; text-align: left;">%</td> </tr> </table> P3Y P5Y 6409000 -11713000 5187000 0 0 <div> Balance sheet information for leases is comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 39%;"> </td><td style="width: 1%;"> </td><td style="width: 36%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 11.25pt; white-space : nowrap; "> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> <span style="font-weight: bold;">Leases</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td> <div> <span style="font-weight: bold;">Classification</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> Assets: </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-8"><span style="-sec-ix-hidden: hidden-fact-9">Operating lease assets</span></span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">63,103,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">66,603,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finance </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-10"><span style="-sec-ix-hidden: hidden-fact-11">Plant and equipment</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,784,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,296,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total leased assets</span> </div> </td> <td colspan="2" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">67,887,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">70,899,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td> <div> Liabilities: </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> <div> Current </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-12"><span style="-sec-ix-hidden: hidden-fact-13">Operating lease liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,957,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">9,982,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finance </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-14"><span style="-sec-ix-hidden: hidden-fact-15">Other current liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,289,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,222,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td> <div> Long-term </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-16"><span style="-sec-ix-hidden: hidden-fact-17">Long-term operating lease liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">56,969,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">65,308,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Finance </div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div> <span style="-sec-ix-hidden: hidden-fact-18"><span style="-sec-ix-hidden: hidden-fact-19">Other liabilities</span></span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,202,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,954,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 15.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total lease liabilities</span> </div> </td> <td colspan="2" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">70,417,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">78,466,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> </table> 63103000 66603000 4784000 4296000 67887000 70899000 8957000 9982000 1289000 1222000 56969000 65308000 3202000 1954000 70417000 78466000 <div> Lease cost recognized in the consolidated statements of operations is comprised of the following: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="9" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Years Ended March 31, </span> </div> </td> <td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2024</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> <div> <span style="font-weight: bold;">Lease cost</span> </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Operating lease cost </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">14,357,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">14,057,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">15,047,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Short-term lease cost </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">999,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,221,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,263,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Variable lease cost </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">592,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">511,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">667,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Finance lease cost: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Amortization of finance lease assets </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,294,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,234,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,508,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Interest on finance lease liabilities </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">297,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">191,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">219,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total lease cost</span> </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,539,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,214,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">18,704,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> 14357000 14057000 15047000 999000 1221000 1263000 592000 511000 667000 1294000 1234000 1508000 297000 191000 219000 17539000 17214000 18704000 <div> Maturities of lease commitments were as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; white-space : nowrap; "> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Maturity of lease liabilities by year ended March 31,</span> </div> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Operating Leases</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Finance Leases</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Total</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> 2027 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">12,454,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">1,547,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">14,001,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> 2028 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,806,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,292,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">13,098,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> 2029 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,285,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">1,027,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">12,312,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> 2030 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,387,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">950,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">12,337,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> 2031 </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,623,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">269,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">11,892,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Thereafter </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,529,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">- </td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,529,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Total lease payments </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">79,084,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5,085,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">84,169,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 20px;"> <div> Less: amount representing interest </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,158,000</td><td style="width: 1%; text-align: left;">) </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(594,000</td><td style="width: 1%; text-align: left;">) </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,752,000</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> <span style="font-weight: bold;">Present value of lease liabilities</span> </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">65,926,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,491,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">70,417,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> 12454000 1547000 14001000 11806000 1292000 13098000 11285000 1027000 12312000 11387000 950000 12337000 11623000 269000 11892000 20529000 0 20529000 79084000 5085000 84169000 13158000 594000 13752000 65926000 4491000 70417000 <div> Other information about leases is as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; white-space : nowrap; "> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">March 31, 2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">March 31, 2025</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> <div> <span style="font-weight: bold;">Lease term and discount rate</span> </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Weighted-average remaining lease term (years): </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Finance leases </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">3.8</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">3.2</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Operating leases </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">6.5</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7.3</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Weighted-average discount rate: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10px;"> <div> Finance leases </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">6.8</td><td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7</td><td style="width: 1%; text-align: left;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Operating leases </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5.7</td><td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5.8</td><td style="width: 1%; text-align: left;">%</td> </tr> </table> P3Y9M18D P3Y2M12D P6Y6M P7Y3M18D 0.068 0.07 0.057 0.058 <div> <span style="font-weight: bold;">11. Accounts Receivable Discount Programs</span> </div><div>  </div><div> The Company uses accounts receivable discount programs offered by certain customers and their respective banks. Under these accounts receivable discount programs, the Company may sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. These accounts receivable discount programs allow the Company to accelerate receipt of payment on customers’ receivables. </div><div> The following is a summary of the Company’s accounts receivable discount programs: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Years Ended March 31,</span> </div> </td> <td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Receivables discounted </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">620,561,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">643,918,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Weighted average days </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">346</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">343</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Weighted average discount rate </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5.4</td><td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">6.2</td><td style="width: 1%; text-align: left;">%</td> </tr> <tr style="vertical-align: top;"> <td> <div> Amount of discount as interest expense </div> </td> <td> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">32,023,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">38,021,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> <div> The following is a summary of the Company’s accounts receivable discount programs: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Years Ended March 31,</span> </div> </td> <td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Receivables discounted </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">620,561,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">643,918,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Weighted average days </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">346</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">343</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Weighted average discount rate </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">5.4</td><td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">6.2</td><td style="width: 1%; text-align: left;">%</td> </tr> <tr style="vertical-align: top;"> <td> <div> Amount of discount as interest expense </div> </td> <td> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">32,023,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">38,021,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> 620561000 643918000 P346D P343D 0.054 0.062 32023000 38021000 <div> <span style="font-weight: bold;">12. Supplier Finance Programs</span> </div><div>  </div><div> The Company utilizes a supplier finance program, which allows certain of the Company’s suppliers to sell their receivables due from the Company to participating financial institutions at the sole discretion of both the supplier and the financial institutions. The program is administered by a third party. Commitments from participating financial institutions that are available to suppliers under this program were $40,000,000 as of March 31, 2026. The Company has no economic interest in the sale of these receivables and no direct relationship with the financial institution. Payments to the third-party administrator are based on services rendered and are not related to the volume or number of financing agreements between suppliers, financial institution, and the third-party administrator. The Company is not a party to agreements negotiated between participating suppliers and the financial institution. The Company's obligations to its suppliers, including amounts due and payment terms, are not affected by a supplier's decision to participate in this program. The Company does not provide guarantees and there are no assets pledged to the financial institution or the third-party administrator for the committed payment in connection with this program. At March 31, 2026 and 2025, the Company had $42,076,000 and $33,661,000, respectively, of outstanding supplier obligations confirmed as valid under this program, included in <span style="-sec-ix-hidden: hidden-fact-20">accounts payable</span> in the consolidated balance sheets. </div><div>  </div><div> The following is a summary of the changes in outstanding supplier obligations confirmed as valid under this program: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Years Ended March 31,</span> </div> </td> <td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Confirmed obligations outstanding at beginning of year </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">33,661,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">1,695,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Invoices confirmed as valid during the year </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">128,236,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">91,951,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Confirmed invoices paid during the year </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(119,821,000</td><td style="width: 1%; text-align: left;">) </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(59,985,000</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top;"> <td> <div> Confirmed obligations outstanding at end of year </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">42,076,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">33,661,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> 40000000 42076000 33661000 <div> The following is a summary of the changes in outstanding supplier obligations confirmed as valid under this program: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Years Ended March 31,</span> </div> </td> <td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Confirmed obligations outstanding at beginning of year </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">33,661,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">1,695,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Invoices confirmed as valid during the year </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">128,236,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">91,951,000</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Confirmed invoices paid during the year </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(119,821,000</td><td style="width: 1%; text-align: left;">) </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(59,985,000</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top;"> <td> <div> Confirmed obligations outstanding at end of year </div> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">42,076,000</td><td style="width: 1%; text-align: left;"> </td> <td> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">33,661,000</td><td style="width: 1%; text-align: left;"> </td> </tr> </table> 33661000 1695000 128236000 91951000 119821000 59985000 42076000 33661000 <div> <span style="font-weight: bold;">13. Financial Risk Management and Derivatives</span> </div><div>  </div><div> Purchases and expenses denominated in currencies other than the U.S. dollar, which are primarily related to the Company’s facilities overseas, expose the Company to market risk from material movements in foreign exchange rates between the U.S. dollar and the foreign currencies. The Company’s primary risk exposure is from fluctuations in the value of the Mexican peso and to a lesser extent, the Chinese yuan. To mitigate these risks, the Company enters into forward foreign currency exchange contracts to exchange U.S. dollars for these foreign currencies. The extent to which forward foreign currency exchange contracts are used is modified periodically in response to the Company’s estimate of market conditions and the terms and length of anticipated requirements. </div><div>  </div><div> The Company enters into forward foreign currency exchange contracts in order to reduce the impact of foreign currency fluctuations and not to engage in currency speculation. The use of derivative financial instruments allows the Company to reduce its exposure to the risk that the eventual cash outflow resulting from funding the expenses of the foreign operations will be materially affected by changes in exchange rates between the U.S. dollar and the foreign currencies. The Company does not hold or issue financial instruments for trading purposes. The forward foreign currency exchange contracts are designated for forecasted expenditure requirements to fund foreign operations. </div><div style="font-size: 10pt;"> The Company had forward foreign currency exchange contracts with a U.S. dollar equivalent notional value of $43,076,000 and $45,921,000 at March 31, 2026 and 2025, respectively. These contracts generally have a term of one year or less, at rates agreed at the inception of the contracts. The counterparty to this derivative transaction is a major financial institution with investment grade credit rating; however, the Company is exposed to credit risk with this institution. The credit risk is limited to the potential unrealized gains (which offset currency fluctuations adverse to the Company) in any such contract should this counterparty fail to perform as contracted. Any changes in the fair values of forward foreign currency exchange contracts are included in foreign exchange impact of lease liabilities and forward contracts in the consolidated statements of operations. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following shows the effect of the Company’s derivative instruments on its consolidated statements of operations: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Gain (Loss) Recognized as Foreign Exchange Impact of Lease Liabilities and Forward Contracts</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Derivatives Not Designated as</span> </div> </td> <td colspan="12" style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Years Ended March 31,</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Hedging Instruments</span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forward foreign currency exchange contracts </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">2,515,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">(4,179,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">(1,373,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The changes in the fair values of forward foreign currency exchange contracts are included in foreign exchange impact of lease liabilities and forward contracts in the consolidated statements of cash flows for the years ended March 31, 2026, 2025, and 2024. The fair value of the forward foreign currency exchange contracts of $852,000 is included in prepaid expenses and other current assets in the consolidated balance sheet at March 31, 2026. The fair value of the forward foreign currency exchange contracts of $1,663,000 is included in other current liabilities in the consolidated balance sheet at March 31, 2025. </div> 43076000 45921000 P1Y <div style="font-size: 10pt;"> The following shows the effect of the Company’s derivative instruments on its consolidated statements of operations: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Gain (Loss) Recognized as Foreign Exchange Impact of Lease Liabilities and Forward Contracts</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Derivatives Not Designated as</span> </div> </td> <td colspan="12" style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Years Ended March 31,</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Hedging Instruments</span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> </td><td style="border-bottom: 1pt solid black; vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forward foreign currency exchange contracts </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">2,515,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">(4,179,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;">(1,373,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> </table> 2515000 -4179000 -1373000 852000 1663000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">14. Fair Value Measurements</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company uses a three-tier valuation hierarchy based upon observable and unobservable inputs: </div><div style="font-size: 10pt;">  </div><div style="text-indent: -18.7pt; padding-left: 37.4pt;"> <div style="float: left; width: 18.7pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">•</span> </div> <div style="font-size: 10pt;"> Level 1 — Valuation is based upon quoted prices (unadjusted) in active markets for identical assets or liabilities. </div> </div><div style="margin-left: 37.4pt; clear: both; font-size: 10pt;">  </div><div style="text-indent: -18.7pt; padding-left: 37.4pt;"> <div style="float: left; width: 18.7pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">•</span> </div> <div style="font-size: 10pt;"> Level 2 — Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. </div> </div><div style="margin-left: 37.4pt; clear: both; font-size: 10pt;">  </div><div style="text-indent: -18.7pt; padding-left: 37.4pt;"> <div style="float: left; width: 18.7pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">•</span> </div> <div style="font-size: 10pt;"> Level 3 — Valuation is based upon unobservable inputs that are significant to the fair value measurement. </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="font-size: 10pt;"> The fair value hierarchy requires the use of observable market data when available. In instances in which the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability. </div><div style="font-size: 10pt;"> The following sets forth by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis according to the valuation techniques the Company used to determine their fair values at: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 20%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td colspan="14" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="14" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; font-weight: bold;">Fair Value Measurements</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; font-weight: bold;">Fair Value Measurements</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; font-weight: bold;">Using Inputs Considers as</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; font-weight: bold;">Using Inputs Considered as</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Fair Value</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Fair Value</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Assets</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Short-term investments </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Mutual funds </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Prepaid expenses and other current assets </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-indent: -10px; padding-left: 20px;"> <div> Forward foreign currency exchange contracts </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">852,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">852,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Liabilities</span> </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other current liabilities </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Deferred compensation </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-indent: -10px; padding-left: 20px;"> <div> Forward foreign currency exchange contracts </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,663,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,663,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Convertible notes, related party </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-indent: -10px; padding-left: 20px;"> <div> Compound Net Derivative Liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">6,340,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">6,340,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">7,470,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">7,470,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Short-term Investments and Deferred Compensation</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s short-term investments, which fund its deferred compensation liabilities, consist of investments in mutual funds. These investments are classified as Level 1 as the shares of these mutual funds trade with sufficient frequency and volume to enable the Company to obtain pricing information on an ongoing basis. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Forward Foreign Currency Exchange Contracts</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The forward foreign currency exchange contracts are primarily measured based on the foreign currency spot and forward rates quoted by the banks or foreign currency dealers (See Note 13). </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Compound Net Derivative Liability</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company estimates the fair value of the Compound Net Derivative Liability (see Note 8) using Level 3 inputs and the Monte Carlo simulation model at the balance sheet date. The Monte Carlo simulation model requires the input of assumptions including the expected volatility of the underlying stock. These assumptions are based on both historical and other information. Changes in the values assumed and used in the model can materially affect the estimate of fair value. This amount is recorded within convertible notes, related party in the consolidated balance sheets at March 31, 2026 and 2025. Any changes in the fair value of the Compound Net Derivative Liability are recorded in change in fair value of compound net derivative liability in the consolidated statements of operations and in the consolidated statements of cash flows. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following assumptions were used to determine the fair value of the Compound Net Derivative Liability: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: 0px; margin-right: 0px; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td>Risk free interest rate</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"></td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.81</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"></td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.91</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td>Cost of equity </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">19.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21.3</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td>Weighted average cost of capital </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">12.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">14.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td>Expected volatility of MPA common stock </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">70</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">40</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td>EBITDA volatility </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">40</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">45</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following summarizes the activity for Level 3 fair value measurements: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,470,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,410,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,430,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Changes in the fair value of the Compound Net Derivative Liability included in earnings </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,130,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">60,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,020,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ending balance </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,340,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,470,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">7,410,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="font-size: 10pt;"> During the years ended March 31, 2026 and 2025, the Company had no significant measurements of assets or liabilities at fair value on a nonrecurring basis subsequent to their initial recognition. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term nature of these instruments. The carrying amounts of the revolving loan and other long-term liabilities approximate their fair value based on the variable nature of interest rates and current rates for instruments with similar characteristics. At March 31, 2026 and 2025, the net carrying amount of the Convertible Notes was $38,993,000 and $35,207,000, respectively (see Note 8). The estimated fair value of the Company’s Convertible Notes was $50,363,000 and $42,398,000 using Level 3 inputs at March 31, 2026 and 2025, respectively. </div> <div style="font-size: 10pt;"> The following sets forth by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis according to the valuation techniques the Company used to determine their fair values at: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 20%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td colspan="14" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="14" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; font-weight: bold;">Fair Value Measurements</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; font-weight: bold;">Fair Value Measurements</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; font-weight: bold;">Using Inputs Considers as</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; font-weight: bold;">Using Inputs Considered as</td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Fair Value</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Fair Value</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Assets</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Short-term investments </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Mutual funds </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Prepaid expenses and other current assets </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-indent: -10px; padding-left: 20px;"> <div> Forward foreign currency exchange contracts </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">852,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">852,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Liabilities</span> </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other current liabilities </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Deferred compensation </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2,028,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,881,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-indent: -10px; padding-left: 20px;"> <div> Forward foreign currency exchange contracts </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,663,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1,663,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Convertible notes, related party </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-indent: -10px; padding-left: 20px;"> <div> Compound Net Derivative Liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">6,340,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">6,340,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">7,470,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">- </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">7,470,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 2028000 2028000 0 0 1881000 1881000 0 0 852000 0 852000 0 0 0 0 0 2028000 2028000 0 0 1881000 1881000 0 0 0 0 0 0 1663000 0 1663000 0 6340000 0 0 6340000 7470000 0 0 7470000 <div style="font-size: 10pt;"> The following assumptions were used to determine the fair value of the Compound Net Derivative Liability: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: 0px; margin-right: 0px; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td>Risk free interest rate</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"></td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.81</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"></td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.91</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td>Cost of equity </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">19.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21.3</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td>Weighted average cost of capital </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">12.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">14.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td>Expected volatility of MPA common stock </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">70</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">40</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td>EBITDA volatility </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">40</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">45</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; margin-left: 0px; margin-right: 0px; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> </table> 0.0381 0.0391 0.194 0.213 0.128 0.149 0.70 0.40 0.40 0.45 <div style="font-size: 10pt;"> The following summarizes the activity for Level 3 fair value measurements: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,470,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,410,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,430,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Changes in the fair value of the Compound Net Derivative Liability included in earnings </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,130,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">60,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,020,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ending balance </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,340,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,470,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">7,410,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 7470000 7410000 8430000 1130000 -60000 1020000 6340000 7470000 7410000 38993000 35207000 50363000 42398000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">15. Commitments and Contingencies</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Tariffs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In February 2026, the U.S. Supreme Court ruled that certain tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) were not authorized by statute. Following the ruling, the U.S. Court of International Trade ordered U.S. Customs and Border Protection (“CBP”) to suspend collection of such tariffs and to establish a process to refund amounts previously collected. As a result of this ruling, the Company may be eligible to receive refunds of tariffs previously paid on qualifying imports. The timing and ultimate resolution of these refund claims, including the amount and timing of any cash receipts, are subject to administrative processing and remain uncertain as of the date the financial statements were issued. Accordingly, no amounts related to tariff refunds have been recognized in the accompanying consolidated financial statements. The Company will recognize any refunds when realization is considered probable and the amounts are reasonably estimable. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Warranty Returns</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company allows its customers to return goods that their consumers have returned to them, whether or not the returned item is defective (“warranty returns”). The Company accrues an estimate of its exposure to warranty returns based on a historical analysis of the level of this type of return as a percentage of total unit sales. Amounts charged to expense for these warranty returns are considered in arriving at the Company’s net sales. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following summarizes the changes in the warranty return accrual: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at beginning of year </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,677,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,326,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,830,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Charged to expense </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">157,877,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">151,764,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">142,240,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Amounts processed </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(158,366,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(151,413,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(142,744,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at end of year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,188,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,677,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,326,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> At March 31, 2026 and 2025, the Company’s total warranty return accrual was $19,188,000 and $19,677,000, respectively, of which $7,479,000 and $6,478,000, respectively, was included in the customer returns RGA issued within accounts receivable—net and $11,709,000 and $13,199,000, respectively, was included in the customer finished goods returns accrual in the consolidated balance sheets. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Commitments to Provide Marketing Allowances under Long-Term Customer Contracts</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has or is renegotiating long-term agreements with many of its major customers. Under these agreements, which in most cases have initial terms of at least four years, the Company is designated as the exclusive or primary supplier for specified categories of the Company’s products. Because of the very competitive nature of the market and the limited number of customers for these products, the Company’s customers have sought and obtained price concessions, significant marketing allowances, and more favorable delivery and payment terms in consideration for the Company’s designation as a customer’s exclusive or primary supplier. These incentives differ from contract to contract and can include (i) the issuance of a specified amount of credits against receivables in accordance with a schedule set forth in the relevant contract, (ii) support for a particular customer’s research or marketing efforts provided on a scheduled basis, (iii) discounts granted in connection with each individual shipment of product, and (iv) other marketing, research, store expansion or product development support. </div><div style="font-size: 10pt;"> The marketing and other allowances the Company typically grants its customers in connection with its new or expanded customer relationships adversely impact the near-term revenues, profitability, and associated cash flows from these arrangements. Such allowances include sales incentives and concessions and typically consist of: (i) allowances which may only be applied against future purchases and are recorded as a reduction to revenues in accordance with a schedule set forth in the long-term contract, (ii) allowances related to a single exchange of product that are recorded as a reduction of revenues at the time the related revenues are recorded or when such incentives are offered, and (iii) amortization of core premiums paid to customers generally in connection with new business. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following summarizes the breakout of marketing allowances discussed above, recorded as a reduction to revenues: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="9" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Marketing Allowances</span> </div> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowances incurred under long-term customer contracts </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,905,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,736,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">10,128,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowances related to a single exchange of product </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">121,642,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">133,169,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">130,918,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Amortization of core premiums paid to customers </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid black;">10,797,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid black;">9,826,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid black;">10,181,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total marketing allowances recorded as a reduction to revenues</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">141,344,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">151,731,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">151,227,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following presents the Company’s commitments related to allowances incurred under long-term customer contracts and amortization of core premiums paid to customers: </div><div style="font-size: 10pt;"> </div><table cellpadding="0" style="font-size: 10pt; border-collapse: collapse; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;" width="100%"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:1.0pt"> <td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Allowances Incurred</b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Amortization of </b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:1;height:1.0pt"> <td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Under Long-Term</b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Core Premiums</b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:2;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify;" valign="bottom"> <div style="margin: 0in;"><b><span style="text-decoration:underline">Year Ending March 31,</span></b></div> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Customer Contracts</b></div> </td><td style="border-width: medium medium 1px; border-style: none none solid; border-color: currentcolor currentcolor transparent; border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Paid to Customers</b></div> </td><td style="border-width: medium medium 1pt; border-style: none none solid; border-color: currentcolor currentcolor windowtext; border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Total</b></div> </td><td style="border-width: medium medium 1px; border-style: none none solid; border-color: currentcolor currentcolor transparent; border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2027</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">5,982,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">11,187,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">17,169,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:4;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2028</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">3,703,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">10,120,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">13,823,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2029</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">2,589,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">6,539,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">9,128,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:6;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2030</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">1,193,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">3,481,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">4,674,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2031</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">656,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">2,721,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">3,377,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:8;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">Thereafter</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">1,374,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">5,337,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">6,711,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;"><b>Total</b></div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double black;">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 4px double black;">15,497,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double black;">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 4px double black;">39,385,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double black;">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 4px double black;">54,882,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Contingencies</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company is subject to various lawsuits and claims. In addition, government agencies and self-regulatory organizations have the ability to conduct periodic examinations of and administrative proceedings regarding the Company’s business, and its compliance with law, code, and regulations related to matters including, but not limited to, environmental, information security, taxes, levies, tariffs. In the opinion of management, such litigation is not expected to have a material effect on the Company's financial condition, results of operations, and cash flows. </div> <div style="font-size: 10pt;"> The following summarizes the changes in the warranty return accrual: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at beginning of year </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,677,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,326,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,830,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Charged to expense </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">157,877,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">151,764,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">142,240,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Amounts processed </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(158,366,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(151,413,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(142,744,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at end of year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,188,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,677,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">19,326,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 19677000 19326000 19830000 157877000 151764000 142240000 158366000 151413000 142744000 19188000 19677000 19326000 19188000 19677000 7479000 6478000 11709000 13199000 P4Y <div style="font-size: 10pt;"> The following summarizes the breakout of marketing allowances discussed above, recorded as a reduction to revenues: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="9" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Marketing Allowances</span> </div> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowances incurred under long-term customer contracts </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,905,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,736,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">10,128,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowances related to a single exchange of product </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">121,642,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">133,169,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">130,918,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Amortization of core premiums paid to customers </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid black;">10,797,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid black;">9,826,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid black;">10,181,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total marketing allowances recorded as a reduction to revenues</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">141,344,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">151,731,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">151,227,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 8905000 8736000 10128000 121642000 133169000 130918000 10797000 9826000 10181000 141344000 151731000 151227000 <div style="font-size: 10pt;"> The following presents the Company’s commitments related to allowances incurred under long-term customer contracts and amortization of core premiums paid to customers: </div><div style="font-size: 10pt;"> </div><table cellpadding="0" style="font-size: 10pt; border-collapse: collapse; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;" width="100%"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:1.0pt"> <td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Allowances Incurred</b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Amortization of </b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:1;height:1.0pt"> <td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Under Long-Term</b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Core Premiums</b></div> </td><td style="white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap;" valign="bottom"> </td><td style="white-space: nowrap;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:2;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify;" valign="bottom"> <div style="margin: 0in;"><b><span style="text-decoration:underline">Year Ending March 31,</span></b></div> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Customer Contracts</b></div> </td><td style="border-width: medium medium 1px; border-style: none none solid; border-color: currentcolor currentcolor transparent; border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Paid to Customers</b></div> </td><td style="border-width: medium medium 1pt; border-style: none none solid; border-color: currentcolor currentcolor windowtext; border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 1pt; white-space: nowrap; text-align: center;" valign="bottom"> <div style="margin: 0in;"><b>Total</b></div> </td><td style="border-width: medium medium 1px; border-style: none none solid; border-color: currentcolor currentcolor transparent; border-image: initial; white-space: nowrap; text-align: center;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2027</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">5,982,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">11,187,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">17,169,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:4;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2028</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">3,703,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">10,120,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">13,823,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2029</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">2,589,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">6,539,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">9,128,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:6;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2030</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">1,193,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">3,481,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">4,674,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">2031</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">656,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">2,721,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">3,377,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> </tr> <tr style="mso-yfti-irow:8;height:1.0pt"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;">Thereafter</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">1,374,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">5,337,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">6,711,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; white-space: nowrap; text-align: justify; padding-left: 10px;" valign="bottom"> <div style="margin: 0in;"><b>Total</b></div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double black;">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 4px double black;">15,497,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double black;">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 4px double black;">39,385,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in;"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double black;">$</td><td style="height: 1pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 4px double black;">54,882,000</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 5982000 11187000 17169000 3703000 10120000 13823000 2589000 6539000 9128000 1193000 3481000 4674000 656000 2721000 3377000 1374000 5337000 6711000 15497000 39385000 54882000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">16. Significant Customer and Other Information</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Significant Customer Concentrations</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> While the Company continually seeks to diversify its customer base, it currently derives, and has historically derived, a substantial portion of its sales from a small number of large customers. Any meaningful reduction in the level of sales to any of these customers, deterioration of the financial condition of any of these customers or the loss of any of these customers could have a materially adverse impact on the Company’s business, results of operations, and financial condition. </div><div style="font-size: 10pt;"> The Company’s largest customers accounted for the following total percentage of net sales: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Customer A </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">42</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">39</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">35</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Customer B </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">22</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Customer C </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">26</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">27</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Revenues for these customers were derived from the Hard Parts segment and Test Solutions and Diagnostic Equipment segment. See Note 20 for a discussion of the Company’s segments. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s largest customers accounted for the following total percentage of accounts receivable — trade: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="font-size: 10pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td> <div><br/></div> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><b>March 31, 2026</b></span></td><td> </td> <td> <div><br/></div> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2025</span></td><td> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Customer A </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">52</td> <td style="width: 1%; text-align: left;">%</td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">41</td> <td style="width: 1%; text-align: left;">%</td> </tr> <tr> <td> <div> Customer C </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">18</td> <td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7</td> <td style="width: 1%; text-align: left;">%</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Customer B </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">12</td> <td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">26</td> <td style="width: 1%; text-align: left;">%</td> </tr> </table><div style="text-align: justify; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Geographic and Product Information</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s products are predominantly sold in the U.S. and accounted for the following total percentage of net sales: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Rotating electrical products </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">68</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">67</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">66</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Brake-related products (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">28</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">29</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">30</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other products </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">100</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">100</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 4px double rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">100</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> </table><div style="text-indent: -15.95pt; padding-left: 15.95pt;"> <div style="float: left; width: 15.95pt; white-space: nowrap; font-size: 10pt;"> (1) </div> <div style="font-size: 10pt;"> During the year ended March 31, 2026, the Company combined its wheel hub products into its brake-related products. Prior year amounts have been recast to conform to the current year presentation. </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Significant Supplier Concentrations</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> No suppliers accounted for more than 10% of the Company’s inventory purchases for the years ended March 31, 2026, 2025, and 2024. </div> <div style="font-size: 10pt;"> The Company’s largest customers accounted for the following total percentage of net sales: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Customer A </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">42</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">39</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">35</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Customer B </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">22</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Customer C </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">26</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">27</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> </table><div style="font-size: 10pt;"> The Company’s largest customers accounted for the following total percentage of accounts receivable — trade: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="font-size: 10pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td> <div><br/></div> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><b>March 31, 2026</b></span></td><td> </td> <td> <div><br/></div> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; font-weight: bold;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">March 31, 2025</span></td><td> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Customer A </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">52</td> <td style="width: 1%; text-align: left;">%</td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">41</td> <td style="width: 1%; text-align: left;">%</td> </tr> <tr> <td> <div> Customer C </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">18</td> <td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7</td> <td style="width: 1%; text-align: left;">%</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Customer B </div> </td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">12</td> <td style="width: 1%; text-align: left;">%</td> <td> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">26</td> <td style="width: 1%; text-align: left;">%</td> </tr> </table><div style="font-size: 10pt;"> The Company’s products are predominantly sold in the U.S. and accounted for the following total percentage of net sales: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Rotating electrical products </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">68</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">67</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">66</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Brake-related products (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">28</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">29</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">30</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other products </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">100</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">100</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-bottom: 4px double rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;">100</td> <td style="vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%; text-align: left;">%</td> <td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> </table><div style="text-indent: -15.95pt; padding-left: 15.95pt;"> <div style="float: left; width: 15.95pt; white-space: nowrap; font-size: 10pt;"> (1) </div> <div style="font-size: 10pt;"> During the year ended March 31, 2026, the Company combined its wheel hub products into its brake-related products. Prior year amounts have been recast to conform to the current year presentation. </div> </div> 0.42 0.39 0.35 0.22 0.21 0.21 0.21 0.26 0.27 0.52 0.41 0.18 0.07 0.12 0.26 0.68 0.67 0.66 0.28 0.29 0.30 0.04 0.04 0.04 1 1 1 <div style="font-size: 10pt;"> <span style="font-weight: bold;">17. Income Taxes</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Domestic and foreign components of income (loss) before income taxes are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Domestic and foreign components of (loss) income</span> </div> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> United States </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(7,708,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(21,526,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(29,661,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27,977,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,839,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">16,593,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Income (loss) before income taxes</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,269,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(15,687,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,068,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> </table><div style="font-size: 10pt;"> The income tax expense is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Current tax (benefit) expense</span> </div> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Federal </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(181,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,177,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,696,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> State </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">236,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">631,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">363,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,272,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,780,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,553,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total current tax expense</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,327,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,588,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,612,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Deferred tax (benefit) expense</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Federal </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(122,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(171,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">25,320,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> State </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">173,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(28,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">4,249,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">497,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,606,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(5,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total deferred tax (benefit) expense</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">548,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,805,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">29,564,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total income tax expense</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,875,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,783,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">36,176,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Deferred income taxes consist of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Assets</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowance for bad debts </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">72,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">48,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer allowances earned </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">4,310,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,794,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowance for stock adjustment returns </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,794,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,344,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Inventory adjustments </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">7,925,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,497,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Intangibles, net </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">722,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">729,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Stock options </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,352,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,561,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating lease liabilities </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">16,799,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,333,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Estimate for returns </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">34,262,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">30,341,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accrued compensation </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,917,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,585,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Net operating losses </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,883,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,426,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Tax credits </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,858,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,857,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Capitalized research credits </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">114,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,147,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Plant and equipment, net </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,085,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,460,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,996,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,639,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total deferred tax assets</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">87,089,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">84,761,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Liabilities</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Contract assets </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(10,706,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(9,020,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating lease assets </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(16,069,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(16,848,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,035,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,453,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total deferred tax liabilities</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(28,810,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(28,321,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(54,665,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(52,233,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total deferred taxes</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,614,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,207,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;"> As of March 31, 2026, before tax effect, the Company had federal, state, and foreign net operating loss carryforwards. These net operating loss (“NOL”) carryforwards were generated in various tax years and have different expiration periods depending on the applicable laws at the time they were generated. As of March 31, 2026, the Company’s NOL carryforwards are as follows (i) $337,000 in federal NOL carryforwards, with limited carryforward, that were generated before January 1, 2018 and will expire beginning in fiscal year <span style="-sec-ix-hidden: hidden-fact-21">2034</span>, (ii) $1,442,000 in federal NOL carryforwards, with unlimited carryforward, that were generated after December 31, 2017 and can be carried forward indefinitely, subject to an annual limitation of 80% of taxable income, (iii) $123,000 in state NOL carryforwards, with limited carryforward, that were generated from states with various carryforward periods and will expire beginning in fiscal year <span style="-sec-ix-hidden: hidden-fact-22">2032</span> with amounts and expiration periods varying by state, (iv) $50,000 in state NOL carryforwards, with unlimited carryforward, that were generated from states with indefinite carryforward, subject to specific annual limitations on utilization varying by state, and (v) $13,305,000 in Canadian NOL carryforwards, with limited carryforward, that can be carried forward for up to 20 years and expire beginning in fiscal year <span style="-sec-ix-hidden: hidden-fact-23">2038</span>. As of March 31, 2026, the Company also had non-US tax credit carryforwards of $1,687,000, which will expire beginning in fiscal year <span style="-sec-ix-hidden: hidden-fact-24">2034</span>. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Realization of deferred tax assets is dependent upon the Company’s ability to generate sufficient future taxable income. Significant judgment is required in determining the Company’s provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company’s net deferred tax assets. The Company makes these estimates and judgments about its future taxable income that are based on assumptions that are consistent with the Company’s future plans. A valuation allowance is established when the Company believes it is not more likely than not all or some deferred tax assets will be realized. In evaluating the Company’s ability to recover deferred tax assets within the jurisdiction in which they arise, the Company considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, past financial performance, and tax planning strategies. The net increase in the valuation allowance was $2,432,000 during the year ended March 31, 2026. This net increase in the valuation allowance is primarily due to the increase in the Company’s U.S. federal and various state deferred tax assets and an increase in one of its Canadian subsidiary’s deferred tax assets resulting from current year activities. The Company will continue to monitor its position in future periods. Should the actual amount differ from the Company’s estimates, the amount of any valuation allowance could be impacted. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> For the years ended March 31, 2026, 2025, and 2024, the primary components of the Company’s income tax expense were (i) federal income taxes, (ii) state income taxes, (iii) change in realizable deferred tax items, (iv) foreign income taxed at rates that are different from the federal statutory rate, (v) impact of the non-deductible executive compensation under Internal Revenue Code Section 162(m), and (vi) impact of an excess tax benefit from share-based compensation. </div><div style="font-size: 10pt;"> The difference between income tax expense at the federal statutory rate and the Company’s effective tax rate, as required under ASU 2023-09, is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: auto; margin-right: 0px; border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 75%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Year Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Statutory federal income tax rate </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,256,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21.0</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> State and local income taxes, net of federal income tax effect (1) </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">347,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1.7</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Foreign tax effects </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Mexico </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Tax rate differential </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,505,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Change in valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="text-align: right; vertical-align: bottom; width: 9%;">(696,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Canada </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Tax rate differential </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(235,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Change in valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,315,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.5</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Effect of changes in tax laws or rates enacted in the current period </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Effect of cross-border tax laws </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">609,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.0</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Tax credits </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Research and development credit </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(256,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.3</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,366,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Nontaxable or nondeductible items </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Non-deductible executive compensation </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">524,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Excess tax benefit from share-based compensation </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(374,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">90,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in unrecognized tax benefits </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(405,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2.0</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other adjustments </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(186,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">(0.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">7,875,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">38.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> </table><div style="text-indent: -15.95pt; padding-left: 15.95pt;"> <div style="float: left; width: 15.95pt; white-space: nowrap; font-size: 10pt;"> (1) </div> <div style="font-size: 10pt;"> State taxes in <span style="-sec-ix-hidden: hidden-fact-25">California, Illinois, and Pennsylvania</span> made up the majority (greater than 50%) of the tax effect in this category </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="font-size: 10pt;"> The difference between the income tax expense at the federal statutory rate and the Company’s effective tax rate, prior to the adoption of ASU 2023-09, is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Statutory federal income tax rate </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> State income tax rate, net of federal benefit </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1.5</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">10.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Excess tax benefit from share-based compensation </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(1.3</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(4.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Foreign income taxed at different rates </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(9.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Non-deductible debt costs </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.2</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Non-deductible executive compensation </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(2.5</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(2.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in valuation allowance </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(40.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(289.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Uncertain tax positions </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">0.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Research and development credit </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">0.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">0.7</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(3.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(24.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(276.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> </table><div style="font-size: 10pt;"> Cash paid for income taxes by jurisdiction, net of refunds received, as required under ASU 2023-09, is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">Year Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Cash paid for income taxes:</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Federal </div> </td> <td style="vertical-align: bottom; width: 1%;"></td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,810,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> State </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">174,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Mexico </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">5,824,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Other jurisdictions </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">272,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total cash paid for income taxes</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">8,080,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company and its subsidiaries file income tax returns for the U.S. federal, various state, and foreign jurisdictions with varying statutes of limitations. At March 31, 2026, the Company remains subject to examination for fiscal years ended March 31, 2023 and forward. At March 31, 2026, the Company is under examination in the U.S. by the Internal Revenue Service for fiscal year 2024. The Company is not under examination in any another jurisdiction. The Company believes no significant changes in the unrecognized tax benefits will occur within the next 12 months. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at beginning of period </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,362,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,784,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,964,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Additions based on tax positions related to the current year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">12,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">53,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">15,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Additions for tax positions of prior year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">-</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">43,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">15,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Reductions for tax positions of prior year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(461,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(518,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(210,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at end of period </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">913,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,362,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,784,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> At March 31, 2026, 2025 and 2024, there are $725,000, $1,112,000, and $1,475,000, respectively, of unrecognized tax benefits that if recognized would affect the annual effective tax rate. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company recognizes interest and penalties related to unrecognized tax benefits as part of income tax expense. During the years ended March 31, 2026, 2025, and 2024, the Company recognized interest and penalties of approximately $44,000, $49,000, and $21,000, respectively. The Company had approximately $184,000 and $203,000 for the payment of interest and penalties accrued at March 31, 2026 and 2025, respectively. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company intends to indefinitely reinvest its undistributed earnings from foreign subsidiaries in foreign operations, with the exception of earnings from its Singapore subsidiary. No incremental U.S. federal tax or withholding taxes have been provided for these earnings. </div> <div style="font-size: 10pt;"> Domestic and foreign components of income (loss) before income taxes are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Domestic and foreign components of (loss) income</span> </div> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> United States </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(7,708,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(21,526,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(29,661,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27,977,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,839,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">16,593,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Income (loss) before income taxes</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,269,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(15,687,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,068,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> </table> -7708000 -21526000 -29661000 27977000 5839000 16593000 20269000 -15687000 -13068000 <div style="font-size: 10pt;"> The income tax expense is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="10" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Current tax (benefit) expense</span> </div> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> <td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 1%;"> </td><td style="font-size: 0px; width: 9%;"> </td><td style="font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Federal </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">(181,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,177,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,696,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> State </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">236,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">631,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">363,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,272,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,780,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,553,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total current tax expense</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,327,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,588,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,612,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Deferred tax (benefit) expense</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Federal </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(122,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(171,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">25,320,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> State </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">173,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(28,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">4,249,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">497,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,606,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(5,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> <span style="font-weight: bold;">Total deferred tax (benefit) expense</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">548,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,805,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">29,564,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total income tax expense</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">7,875,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,783,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">36,176,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> -181000 1177000 1696000 236000 631000 363000 7272000 3780000 4553000 7327000 5588000 6612000 -122000 -171000 25320000 173000 -28000 4249000 497000 -1606000 -5000 548000 -1805000 29564000 7875000 3783000 36176000 <div style="font-size: 10pt;"> Deferred income taxes consist of the following: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Assets</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowance for bad debts </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">72,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">48,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Customer allowances earned </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">4,310,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,794,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Allowance for stock adjustment returns </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,794,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,344,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Inventory adjustments </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">7,925,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">8,497,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Intangibles, net </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">722,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">729,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Stock options </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,352,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,561,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating lease liabilities </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">16,799,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">19,333,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Estimate for returns </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">34,262,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">30,341,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Accrued compensation </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,917,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,585,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Net operating losses </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,883,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">3,426,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Tax credits </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,858,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,857,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Capitalized research credits </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">114,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,147,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Plant and equipment, net </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2,085,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,460,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,996,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,639,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total deferred tax assets</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">87,089,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">84,761,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Liabilities</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Contract assets </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(10,706,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(9,020,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Operating lease assets </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(16,069,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(16,848,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,035,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,453,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total deferred tax liabilities</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(28,810,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(28,321,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(54,665,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(52,233,000</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total deferred taxes</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,614,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,207,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 72000 48000 4310000 3794000 3794000 3344000 7925000 8497000 722000 729000 2352000 2561000 16799000 19333000 34262000 30341000 2917000 2585000 3883000 3426000 1858000 2857000 114000 1147000 2085000 1460000 5996000 4639000 87089000 84761000 10706000 9020000 16069000 16848000 2035000 2453000 28810000 28321000 54665000 52233000 3614000 4207000 337000 1442000 0.80 123000 50000 13305000 P20Y 1687000 2432000 <div style="font-size: 10pt;"> The difference between income tax expense at the federal statutory rate and the Company’s effective tax rate, as required under ASU 2023-09, is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: auto; margin-right: 0px; border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 75%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Year Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Statutory federal income tax rate </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,256,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">21.0</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> State and local income taxes, net of federal income tax effect (1) </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">347,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1.7</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Foreign tax effects </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Mexico </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Tax rate differential </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,505,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Change in valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="text-align: right; vertical-align: bottom; width: 9%;">(696,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Canada </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; white-space: nowrap; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Tax rate differential </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(235,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Change in valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,315,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.5</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Effect of changes in tax laws or rates enacted in the current period </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Effect of cross-border tax laws </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">609,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.0</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Tax credits </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Research and development credit </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(256,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.3</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in valuation allowance </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,366,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Nontaxable or nondeductible items </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Non-deductible executive compensation </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">524,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Excess tax benefit from share-based compensation </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(374,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Other </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">90,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.4</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in unrecognized tax benefits </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%;">(405,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2.0</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other adjustments </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"></td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(186,000</td> <td style="text-align: left; width: 1%; vertical-align: top; height: 1pt; margin-left: auto; margin-right: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor;">)</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">(0.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 1%;"> </td><td style="border-top: 1pt solid black; vertical-align: bottom; width: 9%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">7,875,000</td> <td style="vertical-align: bottom; font-size: 0px; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">38.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> </table><div style="text-indent: -15.95pt; padding-left: 15.95pt;"> <div style="float: left; width: 15.95pt; white-space: nowrap; font-size: 10pt;"> (1) </div> <div style="font-size: 10pt;"> State taxes in <span style="-sec-ix-hidden: hidden-fact-25">California, Illinois, and Pennsylvania</span> made up the majority (greater than 50%) of the tax effect in this category </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="font-size: 10pt;"> The difference between the income tax expense at the federal statutory rate and the Company’s effective tax rate, prior to the adoption of ASU 2023-09, is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Statutory federal income tax rate </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">21</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> State income tax rate, net of federal benefit </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">1.5</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">10.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Excess tax benefit from share-based compensation </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(1.3</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(4.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Foreign income taxed at different rates </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(9.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Non-deductible debt costs </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.2</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Non-deductible executive compensation </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(2.5</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(2.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in valuation allowance </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(40.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">(289.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Uncertain tax positions </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">2.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">0.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Research and development credit </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">0.6</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">0.7</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(0.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(3.9</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(24.1</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">(276.8</td> <td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">)%</td> </tr> </table> 4256000 0.21 347000 0.017 1505000 0.074 -696000 -0.034 -235000 -0.011 1315000 0.065 15000 0.001 0 0 609000 0.03 256000 0.013 1366000 0.068 524000 0.026 -374000 -0.019 90000 0.004 -405000 -0.02 -186000 -0.009 7875000 0.389 0.21 0.21 0.015 0.108 -0.013 -0.048 -0.038 -0.098 -0.012 0 -0.025 -0.026 -0.401 -2.891 0.026 0.009 -0.006 -0.007 -0.009 -0.039 -0.241 -2.768 <div style="font-size: 10pt;"> Cash paid for income taxes by jurisdiction, net of refunds received, as required under ASU 2023-09, is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">Year Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Cash paid for income taxes:</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td><td style="vertical-align: bottom; font-size: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Federal </div> </td> <td style="vertical-align: bottom; width: 1%;"></td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,810,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> State </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">174,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Foreign </div> </td> <td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td><td colspan="1" style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Mexico </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">5,824,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 20px;"> <div> Other jurisdictions </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">272,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Total cash paid for income taxes</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">8,080,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 1810000 174000 5824000 272000 8080000 <div style="font-size: 10pt;"> A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"><br/></td><td colspan="10" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Years Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> <span style="font-weight: bold;">2024</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at beginning of period </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,362,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,784,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 9%; text-align: right;">1,964,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Additions based on tax positions related to the current year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">12,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">53,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">15,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Additions for tax positions of prior year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">-</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">43,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;">15,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Reductions for tax positions of prior year </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(461,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(518,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(210,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at end of period </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">913,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,362,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,784,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 1362000 1784000 1964000 12000 53000 15000 0 43000 15000 461000 518000 210000 913000 1362000 1784000 725000 1112000 1475000 44000 49000 21000 184000 203000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">18. Defined Contribution Plans</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has a 401(k) retirement plan covering all employees who are 21 years of age with at least six months of service. The plan permits eligible employees to make contributions up to certain limitations, with the Company matching 50% of each participating employee’s contribution up to the first 6% of employee compensation. Employees are immediately vested in their voluntary employee contributions and vest in the Company’s matching contributions ratably over five years. The Company’s matching contribution to the 401(k) retirement plan was $648,000, $626,000, and $148,000 for the years ended March 31, 2026, 2025, and 2024, respectively. During the year ended March 31, 2024, the Company’s matching contributions under its 401(k) retirement plan were temporarily halted through February 2024 when they were reinstated. </div> P21Y P6M 0.50 0.06 P5Y 648000 626000 148000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">19. Share-based Payments</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">2022 Incentive Award Plan (the “2022 Plan”)</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> In September 2022, the Company’s shareholders approved the 2022 Incentive Award Plan (the “2022 Plan”). Under the 2022 Plan, a total of 924,200 shares of the Company’s common stock were reserved for grants to its employees, non-employee directors, and consultants. In September 2024, the shareholders approved an amendment to the 2022 Plan that increased the number of shares of common stock reserved for grant under the 2022 Plan from 924,200 to 2,655,200. At March 31, 2026 and 2025, respectively, there were (i) 130,533 and 130,933 options to purchase shares of common stock outstanding, (ii) 684,720 and 452,531 shares of restricted stock units outstanding, and (iii) 744,542 and 644,679 shares of performance stock units outstanding under the 2022 Plan. There were 777,699 and 1,516,084 shares of common stock available for grant under the 2022 Plan at March 31, 2026 and 2025, respectively. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">2010 Incentive Award Plan</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> At March 31, 2026 and 2025, there were 835,301 and 922,628, respectively, options to purchase shares of common stock outstanding under the 2010 Incentive Award Plan. At March 31, 2026, there were no shares of restricted stock or performance stock units outstanding under the 2010 Incentive Award Plan. At March 31, 2025, there were 52,842 shares of restricted stock units outstanding and 119,708 shares of performance stock units outstanding under the 2010 Incentive Award Plan. No shares of common stock remain available for grant under this plan. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Stock Options</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company did not grant any stock options during the years ended March 31, 2026 and 2025, and options to purchase 132,133 shares of common stock were granted during the year ended March 31, 2024. The following summarizes the Black-Scholes option-pricing model assumptions used to derive the weighted average fair value of the stock options granted during the year ended March 31, 2024. </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 88%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: medium; border-bottom-style: none; border-color: currentcolor black; white-space: nowrap; border-top-width: medium; border-top-style: none;"><br/></td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Year Ended March 31,</span></td><td style="vertical-align: bottom; text-align: center; border-bottom-width: medium; border-bottom-style: none; border-color: currentcolor currentcolor currentcolor black; white-space: nowrap; border-top-width: medium; border-top-style: none; border-right-width: medium; border-right-style: none;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> </td> <td style="border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; vertical-align: bottom; text-align: center; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Weighted average risk free interest rate </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4.53</td> <td style="text-align: left; vertical-align: top; height: 12.75pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Weighted average expected holding period (years) </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.57</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Weighted average expected volatility </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">51.29</td> <td style="text-align: left; vertical-align: top; height: 12.75pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Weighted average expected dividend yield </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Weighted average fair value of options granted </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.75</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following is a summary of stock option transactions: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="font-size: 0px;"> </td><td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Number of </span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="text-align: center;"><br/></td><td style="text-align: center;"> </td><td style="text-align: center; white-space: nowrap;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted Average</span></td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="font-size: 0px;"> </td><td style="font-size: 0px; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Shares </span> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> </td><td style="text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Exercise Price</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2025 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right;">1,053,561</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">20.20</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Exercised </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right;">(6,466</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">15.59</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited/Cancelled </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right;">(13,061</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">20.08</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expired </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(68,200</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">31.13</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2026 </div> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">965,834</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">19.47</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> At March 31, 2026, options to purchase 43,245 shares of common stock were unvested at the weighted average exercise price of $9.32. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The pre-tax intrinsic value of options exercised during the year ended March 31, 2026 was $7,000 based on the market value of the Company’s common stock at March 31, 2026. No options were exercised during the years ended March 31, 2625 and 2024. The total fair value of stock options vested during the years ended March 31, 2026, 2025, and 2024 was $164,000, $164,000, and $324,000, respectively. </div><div style="font-size: 10pt;">The following summarizes information about the options outstanding at March 31, 2026: </div><div style="font-size: 10pt;"><br/></div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 20%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="15" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Options Outstanding</span>       </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="14" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Options Exercisable</span>  </td> <td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Remaining</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Aggregate</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Remaining</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Aggregate</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Range of</span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Exercise</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Life</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Intrinsic</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Exercise</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Life</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Intrinsic</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Exercise price</span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Shares</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Price</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">In Years</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Value</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Shares</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Price</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">In Years</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Value</td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 15.75pt;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $9.32 to $17.38 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">322,923</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">12.89</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">5.49</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">227,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">279,678</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">13.44</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">5.18</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">152,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $19.00 to $22.73 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">399,287</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.58</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2.78</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">399,287</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.58</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2.78</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $25.21 to $27.40 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">124,500</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">27.33</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1.22</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">124,500</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">27.33</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1.22</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; border-width: medium; border-style: none; border-color: currentcolor;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $28.68 to $30.31 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 2px solid black;">119,124</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">28.72</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">0.25</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 2px solid black;">119,124</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">28.72</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">0.25</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">965,834</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.47</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">3.17</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">227,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">922,589</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.95</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2.97</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">152,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div> </div><div><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The aggregate intrinsic values in the above table represent the pre-tax value of all in-the-money options if all such options had been exercised on March 31, 2026 based on the Company’s closing stock price of $11.06 as of that date.</span></div><div> </div><div style="font-size: 10pt;"> At March 31, 2026, there was $77,000 of total unrecognized compensation expense from stock-based compensation granted under the plans, which is related to non-vested shares. The compensation expense is expected to be recognized over a weighted average vesting period of 0.5 years. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Restricted Stock Units and Restricted Stock (collectively “RSUs”)</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the years ended March 31, 2026, 2025, and 2024 the Company granted 487,597, 453,453, and 100,624, respectively, of time-based vesting restricted stock units, based on the closing market price on the grant date. The estimated grant date fair value of the RSUs of $5,047,000, $2,984,000, and $800,000, for the years ended March 31, 2026, 2025, and 2024, respectively, was based on the closing market price on the date of grant. The fair value related to these awards is recognized as compensation expense over the vesting period. These awards generally vest in three equal installments beginning each anniversary from the grant date, subject to continued employment. Upon vesting, these awards may be net share settled to cover the required withholding tax with the remaining amount converted into an equivalent number of shares of common stock. Total shares withheld during the years ended March 31, 2026, 2025, and 2024 were 51,387, 19,761, and 42,720, respectively, based on the value of these awards as determined by the Company’s closing stock price on the vesting date. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following is a summary of non-vested RSUs: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Number of <br/>Shares</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Weighted Average <br/>Grant Date Fair <br/>Value</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">505,373</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.26</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">487,597</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">10.35</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Vested </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(289,872</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.99</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited/Cancelled </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(18,378</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.62</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">684,720</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9.03</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> As of March 31, 2026, there was $4,358,000 of unrecognized compensation expense related to these awards, which will be recognized over the remaining vesting period of approximately 2.0 years. </div><div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Performance Stock Units (“PSUs”)</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the year ended March 31, 2026, the Company granted 353,778 PSUs (at target performance levels) based on the Company’s stock price or a total shareholder return (“TSR”) market conditions. During the year ended March 31, 2025, the Company granted 258,983 PSUs (at target performance levels), based on a TSR market condition. During the year ended March 31, 2024, the Company granted 585,583 PSUs based on the Company’s stock price market condition. All PSUs granted have a three-year performance period, subject to continued employment. The estimated grant date fair value of the PSUs of $3,738,000, $2,264,000, and $2,637,000, for the years ended March 31, 2026, 2025, and 2024, respectively, was based on the estimated fair value of the award using the Monte Carlo valuation model for performance stock units subject to market conditions. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Stock Price PSUs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the year ended March 31, 2026, the Company granted 176,893 PSUs (at target performance levels), which vest as follows: (i) if the stock price is greater than or equal to $15.00 per share, then 1/3 of the grant will vest, (ii) if the stock price is greater than or equal to $17.00 per share then the next 1/3 of the grant will vest, and (iii) if the stock price is greater than or equal to $20.00 per share then the final <span style="-sec-ix-hidden: hidden-fact-26"><span style="-sec-ix-hidden: hidden-fact-27"><span style="-sec-ix-hidden: hidden-fact-28">1/3</span></span></span> of the grant will vest. Recipients are eligible to vest in between 50% and 150% of the third tranche by achieving a stock price between $18.00 and $22.00 per share (each stock price target must be met for thirty consecutive trading days). The Company calculated the fair value of these PSUs individually for each tranche using the Monte Carlo Simulation Model at the grant date. Compensation cost is recognized over the estimated derived service period. Compensation cost related to these awards will not be adjusted even if the market condition is not met. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the year ended March 31, 2025, the Company did not grant any PSUs based on the Company’s stock price. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the year ended March 31, 2024, the Company granted 585,583 PSUs, which vest as follows: (i) if the stock price is greater than or equal to $10.00 per share, then 1/3 of the grant will vest, (ii) if the stock price is greater than or equal to $15.00 per share then the next 1/3 of the grant will vest, and (iii) if the stock price is greater than or equal to $20.00 per share then the final <span style="-sec-ix-hidden: hidden-fact-29"><span style="-sec-ix-hidden: hidden-fact-30"><span style="-sec-ix-hidden: hidden-fact-31">1/3</span></span></span> of the grant will vest. Recipients are eligible to vest in between 50% and 150% of the third tranche by achieving a stock price between $17.50 and $25.00 per share (each stock price target must be met for thirty consecutive trading days). The Company calculated the fair value of these PSUs individually for each tranche using the Monte Carlo Simulation Model at the grant date. Compensation cost is recognized over the estimated derived service period. Compensation cost related to these awards will not be adjusted even if the market condition is not met. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">TSR PSUs</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the years ended March 31, 2026 and 2025, the Company granted 176,885 and 258,983 PSUs (at target performance levels), respectively, which cliff vest and the number of shares earned at the end of the three-year performance period will vary, based only on actual performance, from 0% to 150% of the target number of PSUs granted, depending on the Company’s TSR percentile rank relative to that of a peer group over the performance period. TSR is measured based on a comparison of the closing price on the first trading day of the performance period and the average closing price over the last 30 trading days of the performance period. TSR is considered a market condition because it measures the Company’s return against the performance of the Russell 3000, excluding companies classified as financials and real estate and companies with a market capitalization of more than $600 million, as of the start of the performance period. Compensation cost is determined at the grant date and recognized on a straight-line basis over the requisite service period to the extent the conditions are deemed probable. Compensation cost related to the TSR award will not be adjusted even if the market condition is not met. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> During the year ended March 31, 2024, the Company did not grant any PSUs based on a TSR market condition. </div><div style="font-size: 10pt;"> The fair value of PSUs subject to a market condition is determined using the Monte Carlo simulation model. The following table summarizes the assumptions used in determining the fair value of the awards subject to market conditions: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Year Ended March 31,</span> </div> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2024</span> </div> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Risk free interest rate </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.86</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 4.21-4.45</div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 4.32-4.35 </div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected life in years </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.7-3.0</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.2-1.8</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected volatility of MPA common stock </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">66.8</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 59.8-62.8</div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 54.2-55.1</div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Average correlation coefficient of peer companies </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15.7</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 16.5-17.4 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected dividend yield </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Grant date fair value </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 9%;"> <div>     7.33-12.68 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align : bottom; text-align : right; width : 9%; white-space : nowrap; "> <div>     8.65-8.88 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align : bottom; text-align : right; width : 9%; white-space : nowrap; "> <div>     3.57-8.37 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Upon vesting, these awards may be net share settled to cover the required withholding tax with the remaining amount converted into an equivalent number of shares of common stock. Total shares withheld during the years ended March 31, 2026 and 2025 were 94,771 and 75,491, respectively, based on the value of these awards as determined by the Company’s closing stock price on the vesting date. No shares were withheld during the year ended March 31, 2024 since no PSUs were vested during those years. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The following is a summary of non-vested PSUs: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Number of<br/>Shares</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Weighted Average<br/>Grant Date Fair<br/>Value</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2025 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">764,387</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.42</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">353,778</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">10.57</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Vested </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(294,540</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.77</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited/Cancelled </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(79,083</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">13.36</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2026 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">744,542</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">8.54</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> At March 31, 2026, there was $2,899,000 of unrecognized compensation expense related to these awards, which will be recognized over the weighted average remaining vesting period of approximately 1.7 years. </div> 924200 924200 2655200 130533 130933 684720 452531 744542 644679 777699 1516084 835301 922628 0 0 52842 119708 0 0 0 132133 The following summarizes the Black-Scholes option-pricing model assumptions used to derive the weighted average fair value of the stock options granted during the year ended March 31, 2024.<table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 88%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: medium; border-bottom-style: none; border-color: currentcolor black; white-space: nowrap; border-top-width: medium; border-top-style: none;"><br/></td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Year Ended March 31,</span></td><td style="vertical-align: bottom; text-align: center; border-bottom-width: medium; border-bottom-style: none; border-color: currentcolor currentcolor currentcolor black; white-space: nowrap; border-top-width: medium; border-top-style: none; border-right-width: medium; border-right-style: none;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td> </td> <td style="border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; vertical-align: bottom; text-align: center; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2024</span></td><td style="border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Weighted average risk free interest rate </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4.53</td> <td style="text-align: left; vertical-align: top; height: 12.75pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Weighted average expected holding period (years) </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.57</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Weighted average expected volatility </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">51.29</td> <td style="text-align: left; vertical-align: top; height: 12.75pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Weighted average expected dividend yield </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Weighted average fair value of options granted </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.75</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> </table> 0.0453 P6Y6M25D 0.5129 0 3.75 <div style="font-size: 10pt;"> The following is a summary of stock option transactions: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-size: 0px;"> </td> <td style="font-size: 0px;"> </td><td style="font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Number of </span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="text-align: center;"><br/></td><td style="text-align: center;"> </td><td style="text-align: center; white-space: nowrap;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted Average</span></td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="font-size: 0px;"> </td><td style="font-size: 0px; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Shares </span> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> </td><td style="text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Exercise Price</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2025 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right;">1,053,561</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">20.20</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Exercised </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right;">(6,466</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">15.59</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited/Cancelled </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right;">(13,061</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">20.08</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expired </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(68,200</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">31.13</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2026 </div> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">965,834</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">19.47</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 1053561 20.2 6466 15.59 13061 20.08 68200 31.13 965834 19.47 43245 9.32 7000 0 0 164000 164000 324000 <div style="font-size: 10pt;">The following summarizes information about the options outstanding at March 31, 2026: </div><div style="font-size: 10pt;"><br/></div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 20%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 7%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="15" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Options Outstanding</span>       </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="14" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Options Exercisable</span>  </td> <td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Weighted</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Remaining</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Aggregate</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Average</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Remaining</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Aggregate</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Range of</span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Exercise</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Life</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Intrinsic</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Exercise</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Life</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Intrinsic</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Exercise price</span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Shares</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Price</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">In Years</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Value</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Shares</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Price</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">In Years</td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold;">Value</td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 15.75pt;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $9.32 to $17.38 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">322,923</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">12.89</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">5.49</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">227,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">279,678</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">13.44</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">5.18</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">152,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $19.00 to $22.73 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">399,287</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.58</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2.78</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">399,287</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.58</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2.78</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $25.21 to $27.40 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">124,500</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">27.33</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1.22</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">124,500</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">27.33</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">1.22</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; border-width: medium; border-style: none; border-color: currentcolor;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> $28.68 to $30.31 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 2px solid black;">119,124</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">28.72</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">0.25</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 2px solid black;">119,124</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">28.72</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">0.25</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">965,834</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.47</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">3.17</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">227,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">922,589</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right;">19.95</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td><td style="vertical-align: bottom; width: 7%; text-align: right;">2.97</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; width: 7%; text-align: right; border-bottom: 4px double black;">152,000</td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table> 9.32 17.38 322923 12.89 P5Y5M26D 227000 279678 13.44 P5Y2M4D 152000 19 22.73 399287 19.58 P2Y9M10D 399287 19.58 P2Y9M10D 25.21 27.4 124500 27.33 P1Y2M19D 124500 27.33 P1Y2M19D 28.68 30.31 119124 28.72 P0Y3M 119124 28.72 P0Y3M 965834 19.47 P3Y2M1D 227000 922589 19.95 P2Y11M19D 152000 11.06 77000 P0Y6M 487597 453453 100624 5047000 2984000 800000 3 51387 19761 42720 <div style="font-size: 10pt;"> The following is a summary of non-vested RSUs: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Number of <br/>Shares</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Weighted Average <br/>Grant Date Fair <br/>Value</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">505,373</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.26</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">487,597</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">10.35</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Vested </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(289,872</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.99</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited/Cancelled </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(18,378</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.62</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">684,720</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9.03</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 505373 7.26 487597 10.35 289872 7.99 18378 11.62 684720 9.03 4358000 P2Y 353778 258983 585583 P3Y 3738000 2264000 2637000 176893 15 17 20 0.50 1.50 18 22 P30D 0 585583 10 15 20 0.50 1.50 17.5 25 P30D 176885 258983 P3Y P3Y 0 1.50 P30Y P30D 600000000 600000000 The following table summarizes the assumptions used in determining the fair value of the awards subject to market conditions:<table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td colspan="10" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Year Ended March 31,</span> </div> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2026</span> </div> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2025</span> </div> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">2024</span> </div> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Risk free interest rate </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.86</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 4.21-4.45</div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 4.32-4.35 </div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected life in years </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.7-3.0</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.2-1.8</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected volatility of MPA common stock </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">66.8</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 59.8-62.8</div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 54.2-55.1</div> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Average correlation coefficient of peer companies </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15.7</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> <div> 16.5-17.4 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected dividend yield </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Grant date fair value </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 9%;"> <div>     7.33-12.68 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align : bottom; text-align : right; width : 9%; white-space : nowrap; "> <div>     8.65-8.88 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align : bottom; text-align : right; width : 9%; white-space : nowrap; "> <div>     3.57-8.37 </div> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> </table> 0.0386 0.0421 0.0445 0.0432 0.0435 P0Y8M12D P3Y P3Y P0Y2M12D P1Y9M18D 0.668 0.598 0.628 0.542 0.551 0.157 0.165 0.174 0 0 0 0 7.33 12.68 8.65 8.88 3.57 8.37 94771 75491 0 0 <div style="font-size: 10pt;"> The following is a summary of non-vested PSUs: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Number of<br/>Shares</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Weighted Average<br/>Grant Date Fair<br/>Value</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2025 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">764,387</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.42</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">353,778</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">10.57</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Vested </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(294,540</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.77</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited/Cancelled </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(79,083</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">13.36</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding at March 31, 2026 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">744,542</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">8.54</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 764387 7.42 353778 10.57 294540 6.77 79083 13.36 744542 8.54 2899000 P1Y8M12D <div style="font-size: 10pt;"> <span style="font-weight: bold;">20. Segment Information</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company has identified its Chief Executive Officer as its chief operating decision maker (“CODM”). The Company has identified its operating segments based on the nature of the products the Company sells, the Company’s organizational and management reporting structure, and the operating results that are regularly reviewed by the Company’s CODM to make decisions about the resources to be allocated to the business units and to assess performance. The CODM primarily uses operating income to evaluate the performance of the Company’s operating segments and to allocate resources. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> The Company’s three operating segments are: </div><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;"><span style="-sec-ix-hidden: hidden-fact-32">Hard Parts</span></span>, which include (i) light duty rotating electric products such as alternators and starters and (ii) brake-related products, which includes brake calipers, brake boosters, brake rotors, brake pads and brake master cylinders, and wheel hub assemblies and bearings, </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Test Solutions and Diagnostic Equipment</span>, which includes (i) applications for combustion engine vehicles, including bench-top testers for alternators and starters, (ii) equipment for the pre- and post-production of electric vehicles, and (iii) software emulation of power system applications for the electrification of all forms of transportation (including automobiles, trucks, the emerging electrification of systems within the aerospace industry, and electric vehicle charging stations), and </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> ● </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">Heavy Duty</span>, which includes non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications. </div> </div><div style="font-size: 10pt;"> The Company’s Hard Parts operating segment meets the criteria of a reportable segment. The Test Solutions and Diagnostic Equipment and Heavy Duty segments are not material, and are not required to be separately reported. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> Financial information relating to the Company’s segments is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Years Ended March 31,</span>    </td> <td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2024</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net sales to external customers for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">741,243,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">707,210,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">669,904,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Intersegment sales for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">701,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,016,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">895,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total net sales for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">741,944,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">708,226,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">670,799,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">Reconciliation of net sales</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other net sales (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">48,563,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">50,144,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">47,780,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Elimination of intersegment net sales </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(701,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,016,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(895,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated net sales </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">789,806,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">757,354,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">717,684,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Less (2): </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Material, labor, and overhead expenses </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">460,623,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">465,656,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">450,913,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> Logistic expenses (3) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">131,205,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">99,264,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">92,969,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Revaluation of cores on customers' shelves </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,590,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,805,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,353,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> Foreign exchange impact of lease liabilities and forward contracts </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(8,924,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15,892,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3,814,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Other segment items (4) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">88,028,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">83,693,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">76,878,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total operating income for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">67,422,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">40,916,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">48,500,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">Reconciliation of profit (loss)</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other operating loss (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,624,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,064,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2,431,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Elimination of intersegment operating income </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">37,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">71,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">51,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Interest expense, net </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(46,696,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(55,550,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(60,040,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in fair value of compound net derivative liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,130,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(60,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,020,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Loss on extinguishment of debt </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(168,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated income (loss) before income tax expense </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">20,269,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">(15,687,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">(13,068,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Reconciliations of other significant items and assets:</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Depreciation and amortization</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Depreciation and amortization for Hard Parts reportable segment (5) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,454,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9,579,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">10,371,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other depreciation and amortization (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,334,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">821,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,248,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated depreciation and amortization </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">9,788,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">10,400,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">11,619,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Capital Expenditures</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Captial expenditures for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,136,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,445,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">621,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other capital expenditures (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,560,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,133,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">379,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated capital expenditures </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">3,696,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">4,578,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,000,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Assets</span> </div> </td> <td style="vertical-align: bottom;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;"> March 31, 2026 </span> </div> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;"> March 31, 2025 </span> </div> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total assets for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,037,721,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">967,178,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other assets (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">54,638,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">58,355,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Elimination of intersegment assets </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(72,922,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(67,897,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated assets </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,019,437,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">957,636,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> </table><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (1) </div> <div style="font-size: 10pt;"> Net sales, operating loss, depreciation and amortization, capital expenditures, and assets from segments below the quantitative threshold are attributable to the Company’s Test Solutions and Diagnostic Equipment and the Heavy Duty operating segments. Neither of these two operating segments has ever met any of the quantitative thresholds for determining reportable segments. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (2) </div> <div style="font-size: 10pt;"> The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM for the Company’s Hard Parts reportable segment. Intersegment expenses are included within the amounts shown. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (3) </div> <div style="font-size: 10pt;"> Logistic expenses include freight, tariffs, and customs duties. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (4) </div> <div style="font-size: 10pt;"> Other segment items include general and administrative expenses, sales and marketing expenses, and research and development expenses. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (5) </div> <div style="font-size: 10pt;"> Depreciation and amortization for the Company’s Hard Parts reportable segment are included within material, labor, and overhead expenses and other segment items. </div> </div> 3 <div style="font-size: 10pt;"> Financial information relating to the Company’s segments is as follows: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="10" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Years Ended March 31,</span>    </td> <td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2024</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net sales to external customers for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">741,243,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">707,210,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">669,904,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Intersegment sales for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">701,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,016,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">895,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total net sales for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">741,944,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">708,226,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">670,799,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">Reconciliation of net sales</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other net sales (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">48,563,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">50,144,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">47,780,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Elimination of intersegment net sales </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(701,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,016,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(895,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated net sales </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">789,806,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">757,354,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">717,684,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Less (2): </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Material, labor, and overhead expenses </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">460,623,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">465,656,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">450,913,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> Logistic expenses (3) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">131,205,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">99,264,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">92,969,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Revaluation of cores on customers' shelves </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,590,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,805,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,353,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> Foreign exchange impact of lease liabilities and forward contracts </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(8,924,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15,892,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3,814,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Other segment items (4) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">88,028,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">83,693,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">76,878,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total operating income for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">67,422,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">40,916,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">48,500,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">Reconciliation of profit (loss)</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other operating loss (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,624,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,064,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2,431,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Elimination of intersegment operating income </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">37,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">71,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">51,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Interest expense, net </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(46,696,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(55,550,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(60,040,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Change in fair value of compound net derivative liability </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,130,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(60,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,020,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Loss on extinguishment of debt </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(168,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated income (loss) before income tax expense </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">20,269,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">(15,687,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">(13,068,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Reconciliations of other significant items and assets:</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Depreciation and amortization</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Depreciation and amortization for Hard Parts reportable segment (5) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,454,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9,579,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">10,371,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other depreciation and amortization (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,334,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">821,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,248,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated depreciation and amortization </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">9,788,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">10,400,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">11,619,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Capital Expenditures</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Captial expenditures for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,136,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,445,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">621,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other capital expenditures (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,560,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,133,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">379,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated capital expenditures </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">3,696,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">4,578,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,000,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Assets</span> </div> </td> <td style="vertical-align: bottom;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;"> March 31, 2026 </span> </div> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;"> March 31, 2025 </span> </div> </td><td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total assets for Hard Parts reportable segment </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,037,721,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">967,178,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other assets (1) </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">54,638,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">58,355,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Elimination of intersegment assets </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(72,922,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(67,897,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total consolidated assets </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,019,437,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">957,636,000</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> </td> </tr> </table><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (1) </div> <div style="font-size: 10pt;"> Net sales, operating loss, depreciation and amortization, capital expenditures, and assets from segments below the quantitative threshold are attributable to the Company’s Test Solutions and Diagnostic Equipment and the Heavy Duty operating segments. Neither of these two operating segments has ever met any of the quantitative thresholds for determining reportable segments. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (2) </div> <div style="font-size: 10pt;"> The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM for the Company’s Hard Parts reportable segment. Intersegment expenses are included within the amounts shown. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (3) </div> <div style="font-size: 10pt;"> Logistic expenses include freight, tariffs, and customs duties. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (4) </div> <div style="font-size: 10pt;"> Other segment items include general and administrative expenses, sales and marketing expenses, and research and development expenses. </div> </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> (5) </div> <div style="font-size: 10pt;"> Depreciation and amortization for the Company’s Hard Parts reportable segment are included within material, labor, and overhead expenses and other segment items. </div> </div> 741243000 707210000 669904000 701000 1016000 895000 741944000 708226000 670799000 48563000 50144000 47780000 -701000 -1016000 -895000 789806000 757354000 717684000 460623000 465656000 450913000 131205000 99264000 92969000 3590000 2805000 5353000 -8924000 15892000 -3814000 88028000 83693000 76878000 67422000 40916000 48500000 -1624000 -1064000 -2431000 37000 71000 51000 -46696000 -55550000 -60040000 1130000 -60000 1020000 0 0 -168000 20269000 -15687000 -13068000 8454000 9579000 10371000 1334000 821000 1248000 9788000 10400000 11619000 2136000 3445000 621000 1560000 1133000 379000 3696000 4578000 1000000 1037721000 967178000 54638000 58355000 -72922000 -67897000 1019437000 957636000 2 Other segment items include general and administrative expenses, sales and marketing expenses, and research and development expenses. <div style="font-size: 10pt;"> <span style="font-weight: bold;">21. Share Repurchase Program</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-family: Times;">In December 2025, the Company’s board of directors approved an increase in its share repurchase program from $37,000,000 to $57,000,000 of its common stock. During the year ended March 31, 2026, the Company repurchased 955,608 shares of its common stock for $11,351,000. During the year ended March 31, 2025, the Company repurchased 542,134 shares of its common stock for $4,832,000. During the year ended March 31, 2024, the Company did not repurchase any shares of its common stock. As of March 31, 2026, $34,928,000 was utilized and $22,072,000 remains available to repurchase shares under the authorized share repurchase program, subject to the limit in the Company’s Credit Facility and Convertible Notes. The Company retired the 2,334,749 shares repurchased under this program through March 31, 2026. The Company’s share repurchase program does not obligate it to acquire any specific number of shares and shares may be repurchased in privately negotiated and/or open market transactions.</span> </div> 37000000 57000000 955608 11351000 542134 4832000 0 34928000 22072000 2334749 <div style="font-size: 10pt;"> <span style="font-weight: bold;">22. Related Party Transactions</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-family: Times; font-style: italic;">Lease</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-family: Times;">The Company has an operating lease for its 35,000 square foot manufacturing, warehouse, and office facility in Ontario, Canada, with a company co-owned by a member of management. The Company renewed this operating lease for an additional three-year period, effective January 1, 2025. The rent expense recorded for the related party lease was $374,000, $332,000 and $328,000 for the years ended March 31, 2026, 2025, and 2024, respectively.</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-family: Times; font-style: italic;">Convertible Note and Election of New Director</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> On March 31, 2023, the Company entered into the Note Purchase Agreement with Bison Capital Partners VI, L.P. and Bison Capital Partners VI-A, L.P., and Bison Capital Partners VI, L.P. as the Purchaser Representative, for the issuance and sale of the Convertible Notes. In connection with the issuance of the Convertible Notes and at the recommendation of the Nominating and Corporate Governance Committee of the Board and in connection with the bylaws of the Company, the Board appointed Douglas Trussler, a co-founder of Bison Capital in 2001, to the Board. <span style="font-family: Times;">Mr. Trussler’s compensation is consistent with the Company’s previously disclosed standard compensation practices for non-employee directors, other than Mr. Trussler does not accept the annual grant of equity to non-employee directors, which are described in the Company’s Definitive Proxy Statement, filed with the SEC on July 29, 2025. </span>There are no other transactions between Mr. Trussler and the Company that would be reportable under Item 404(a) of Regulation S-K. </div> 35000 P3Y 374000 332000 328000 <div style="font-size: 10pt;"> <span style="font-weight: bold;">Schedule II </span>— <span style="font-weight: bold;">Valuation and Qualifying Accounts</span> </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold;">Accounts Receivable </span>— <span style="font-weight: bold;">Allowance for credit losses</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 10%;"></td><td style="width: 1%;"></td><td style="width: 29%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Charge to</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> <span style="font-weight: bold;">(recovery of)</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Years Ended</span> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">beginning of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">bad debts</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Amounts</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> <span style="font-weight: bold;">end of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">March 31,</span> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: left;"> <span style="font-weight: bold;">Description</span> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">expense</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">written off</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> 2026 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for credit losses </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">207,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">94,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">10,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">291,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> 2025 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for credit losses </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">189,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">42,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">24,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">207,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> 2024 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for credit losses </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">339,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">(133,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">17,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">189,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold;">Accounts Receivable </span>— <span style="font-weight: bold;">Allowance for customer-payment discrepancies</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 10%;"></td><td style="width: 1%;"></td><td style="width: 29%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> </td><td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Charge to</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Years Ended</span> </div> </td> <td> </td><td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> <span style="font-weight: bold;">beginning of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">discrepancies</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Amounts</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">end of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">March 31,</span> </div> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Description </span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">expense</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Processed</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"><br/></td><td style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2026 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for customer-payment discrepancies </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,765,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">570,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">703,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,632,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2025 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for customer-payment discrepancies </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,206,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,507,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">948,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,765,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2024 </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for customer-payment discrepancies </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,634,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,452,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,880,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">1,206,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold;">Inventory </span>— <span style="font-weight: bold;">Allowance for excess and obsolete inventory</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 10%;"></td><td style="width: 1%;"></td><td style="width: 29%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> </td><td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> <span style="font-weight: bold;">Provision for</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> </td><td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">excess and</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Years Ended</span> </td> <td> </td><td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> <span style="font-weight: bold;">beginning of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">obsolete</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Amounts</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">end of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">March 31,</span> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Description </span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">inventory</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">written off</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> 2026 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for excess and obsolete inventory </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">18,964,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">9,891,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">9,853,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">19,002,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> 2025 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for excess and obsolete inventory </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">17,372,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">15,009,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">13,417,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">18,964,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> 2024 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Allowance for excess and obsolete inventory </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">16,436,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">16,233,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">15,297,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">17,372,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-weight: bold;">Deferred Tax Assets </span>— <span style="font-weight: bold;">Valuation allowance for deferred tax assets</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 10%;"></td><td style="width: 1%;"></td><td style="width: 29%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 12%;"></td><td style="width: 1%;"></td></tr><tr style="height: 0px; font-size: 0px;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Charge to</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Balance at</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Years Ended</span> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> <span style="font-weight: bold;">beginning of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">income tax</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Charged to</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">end of</span> </td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">March 31,</span> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> <span style="font-weight: bold;">Description</span> </div> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">expense</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><br/></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Other Accounts</span></td><td style="vertical-align: bottom; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"><br/></td><td style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">year</span></td><td style="vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> 2026 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Valuation allowance for deferred tax assets </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">52,233,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">2,432,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;"> - </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">54,665,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: center;"> 2025 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Valuation allowance for deferred tax assets </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">45,399,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">6,834,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;"> - </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">52,233,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: center;"> 2024 </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom;"> <div> Valuation allowance for deferred tax assets </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">7,619,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">37,780,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;"> - </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;">$</td><td style="vertical-align: bottom; width: 12%; text-align: right;">45,399,000</td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> </table> 207000 94000 10000 291000 189000 42000 24000 207000 339000 -133000 17000 189000 1765000 570000 703000 1632000 1206000 1507000 948000 1765000 1634000 1452000 1880000 1206000 18964000 9891000 9853000 19002000 17372000 15009000 13417000 18964000 16436000 16233000 15297000 17372000 52233000 2432000 0 54665000 45399000 6834000 0 52233000 7619000 37780000 0 45399000 http://fasb.org/us-gaap/2025#RelatedPartyMember http://fasb.org/us-gaap/2025#RelatedPartyMember http://fasb.org/us-gaap/2025#ConvertibleDebtNoncurrent http://fasb.org/us-gaap/2025#ConvertibleDebtNoncurrent http://fasb.org/us-gaap/2025#ConvertibleDebtNoncurrent http://fasb.org/us-gaap/2025#ConvertibleDebtNoncurrent http://fasb.org/us-gaap/2025#OperatingLeaseRightOfUseAsset http://fasb.org/us-gaap/2025#OperatingLeaseRightOfUseAsset http://fasb.org/us-gaap/2025#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2025#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2025#OperatingLeaseLiabilityCurrent http://fasb.org/us-gaap/2025#OperatingLeaseLiabilityCurrent http://fasb.org/us-gaap/2025#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2025#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2025#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2025#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2025#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2025#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2025#AccountsPayableCurrent 2034-03-31 2032-03-31 2038-03-31 2034-03-31 http://xbrl.sec.gov/stpr/2025#CA http://xbrl.sec.gov/stpr/2025#IL http://xbrl.sec.gov/stpr/2025#PA 0.0033 0.0033 0.0033 0.0033 0.0033 0.0033 1 0000918251 false FY During the year ended March 31, 2026, the Company combined its wheel hub products into its brake-related products. Prior year amounts have been recast to conform to the current year presentation. State taxes in California, Illinois, and Pennsylvania made up the majority (greater than 50%) of the tax effect in this category Net sales, operating loss, depreciation and amortization, capital expenditures, and assets from segments below the quantitative threshold are attributable to the Company’s Test Solutions and Diagnostic Equipment and the Heavy Duty operating segments. Neither of these two operating segments has ever met any of the quantitative thresholds for determining reportable segments. The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM for the Company’s Hard Parts reportable segment. Intersegment expenses are included within the amounts shown. Logistic expenses include freight, tariffs, and customs duties. Other segment items include general and administrative expenses, sales and marketing expenses, and research and development expenses. Depreciation and amortization for the Company’s Hard Parts reportable segment are included within material, labor, and overhead expenses and other segment items.