SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Debt |
Amounts outstanding under short‑term and long‑term debt were classified on the consolidated balance sheets as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | March 31, | | | | | 2025 | | 2026 | | Short-term bank debt | | | | $ | 36,788 | | | $ | 44,072 | | | Current maturities of long-term debt | | | | $ | 4,844 | | | $ | 6,283 | | | Long-term debt - less current maturities | | | | $ | 232,160 | | | $ | 229,669 | |
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| Schedule of Short-Term Debt |
The following table summarizes the Company’s revolving credit facilities as of March 31, 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Facility | | Denominated Currency | | Total Committed Amount (USD equivalent at balance sheet date) | | Amount Outstanding (Drawn) | | Available Borrowing Capacity (Undrawn) | | Interest Rate | | Final Maturity | | Classification | | RMB General Facility ** | | ZAR | | $ | 20,520 | | | $ | 20,630 | | | $ | — | | | SA Prime – 0.75% | | On demand (April 2, 2026) | | Current | | RMB Revolving Credit Facility A | | USD | | $ | 10,000 | | | $ | 5,000 | | | $ | 5,000 | | | SOFR + 2.5% | | February 1, 2027 | | Current | | RMB Revolving Credit Facility B | | ZAR | | $ | 10,553 | | | $ | — | | | $ | 10,553 | | | South African rand overnight index average + 1.95% | | February 1, 2027 | | Current | | Hapoalim Revolving Credit Facility C | | USD/ NIS | | $ | 10,000 | | | $ | 4,181 | | | $ | 5,819 | | | USD denominated: SOFR + 2.15% NIS denominated : Hapoalim Prime +2.5% | | February 27, 2027 | | Current | | Hapoalim Revolving Credit Facility D | | USD | | $ | 20,000 | | | $ | 14,251 | | | $ | 5,749 | | | SOFR + 2.59% | | June 30, 2026 | | Current | | | | | $ | 71,073 | | | $ | 44,062 | | | $ | 27,121 | | | | | | | |
** The outstanding balance exceeds the committed amount primarily due to the accrual of interest on the foreign debt balance as of the reporting date.
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| Schedule of Long-Term Debt Instruments |
The following table summarizes the Company’s loan facilities as of March 31, 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Facility | | Denominated Currency | | Original Principal Amount (USD equivalent) | | Outstanding Balance | | Interest Rate | | Final Maturity | | Classification | | Hapoalim Term Facility A | | NIS | | $ | 20,000 | | | $ | 15,004 | | | Hapoalim Prime (5.5%) + 2.2% | | March 18, 2029 | | Non-current | | Hapoalim Term Facility B ** | | NIS | | $ | 10,000 | | | $ | 11,542 | | | Hapoalim Prime (5.5%) + 2.3% | | March 18, 2029 | | Non-current | RMB Term Facility A | | USD | | $ | 42,500 | | | $ | 42,500 | | | 8.699% to March 31, 2027, thereafter SOFR +4.85% | | March 31, 2028 | | Non-current | RMB Term Facility B | | USD | | $ | 42,500 | | | $ | 42,500 | | | 8.979% fixed | | March 31, 2029 | | Non-current | New RMB Term Facility | | USD | | $ | 125,000 | | | $ | 125,000 | | | 5.0% + SOFR | | October 31, 2029 | | Non-current | | | | | $ | 240,000 | | | $ | 236,546 | | | | | | | |
** The outstanding balance of the Hapoalim Term Facility B exceeds the original USD equivalent principal amount due to foreign currency fluctuations with no required principal payments until maturity.
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| Schedule of Key Assumptions |
The following key assumptions were used in March 31, 2026:
| | | | | | | | | | | | | | Facility A | | Facility B | | | Risk-free interest rate volatility | 36 | % | | 28 | % | | | Risk-free rate | 3.68 | % | | 3.81 | % | | | Credit rating | B+ | | B+ | |
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| Schedule of Contractual Maturities of Long-Term Debt |
Scheduled contractual maturities of the long-term debt as of March 31, 2026 are as follows (in thousands):
| | | | | | | | | | 2026 | | $ | — | | | 2027 | | 6,348 | | | 2028 | | 48,848 | | | 2029 | | 56,350 | | | 2030 | | 125,000 | | Thereafter | | — | | | | 236,546 | | | Less: Current portion | | (6,283) | | | Less: Debt costs and prepayment | | (594) | | | Total | | $ | 229,669 | | | | | | | |
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