Note 12 - Accounts Payable and Accrued Expenses

3 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

12. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at June 30, 2026 and March 31, 2026 consisted of the following (in thousands):

		*June 30, 2026*				*March 31, 2026*
Accounts payable		$	18,197			$	13,015
Accrued inventories in-transit			1,796				1,104
Accrued other miscellaneous expenses			7,189				5,769
Advanced deposits			4,423				3,491
Accrued compensation			10,002				15,518
Income taxes payable			1,606				641
Accrued product warranty			4,801				4,684
Accrued commissions			2,685				2,323
Total		$	50,698			$	46,545

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

Product warranty activity was as follows (in thousands):

		*Three Months Ended June 30,*
		*2026*				*2025*
Balance at beginning of period		$	4,684			$	3,033
Provisions for warranties during the period			593				549
Settlements during the period			(476	)			(342	)
Balance at end of period		$	4,801			$	3,240