v3.26.1
Note 9 - Inventory
3 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

9. Inventory

 

Inventory, net of reserves, at  June 30, 2026 and  March 31, 2026 consisted of the following (in thousands):

 

  

June 30, 2026

  

March 31, 2026

 

Raw materials

 $54,835  $54,247 

Work-in-process

  20,503   26,873 

Finished goods

  16,655   15,049 

Deferred program costs

  6,025   7,579 

Net inventory

 $98,017  $103,748 

 

The Company recorded inventory write-downs of $1.1 million and $0.7 million for the three months ended June 30, 2026 and 2025, respectively. These write-downs were based on the Company's evaluation of its inventory on hand for excess quantities and obsolescence.

 

Deferred program costs as of  June 30, 2026 and  March 31, 2026 primarily represent costs incurred on programs where the Company needs to complete performance obligations before the related revenue and costs will be recognized.