Revenue Recognition (Tables)

3 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenue Disaggregated by Market and Geographic Area

The following table presents the Company’s revenue disaggregated by market and geographic area:


		Three Months Ended
		June 30,
Market		2026				2025
Defense		$	41,383			$	29,535
Space			6,287				3,378
Energy & Process			23,672				22,574
Net sales		$	71,342			$	55,487


Geographic Region
Asia		$	1,465			$	3,283
Canada			732				3,510
Middle East			3,428				1,346
South America			304				393
U.S.			64,463				46,322
All other			950				633
Net sales		$	71,342			$	55,487

The following table presents the Company's revenue percentages disaggregated by revenue recognized over time or upon shipment:


		Three Months Ended
		June 30,
		2026				2025

Revenue recognized over time			77	%			80	%
Revenue recognized at shipment			23	%			20	%

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:


		June 30, 2026				March 31, 2026				Change					Change due to revenue recognized				Change due to invoicing customers/ additional deposits

Unbilled revenue - contract assets		$	65,884			$	59,868			$	6,016				$	34,328			$	(28,312	)
Customer deposits - contract liabilities			(113,135	)			(102,421	)			(10,714	)				16,363				(27,077	)
Net contract (liabilities) assets		$	(47,251	)		$	(42,553	)		$	(4,698	)