v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net (loss) income $ (13,421,000) $ 3,042,000
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,742,000 2,449,000
Amortization of debt issuance costs 654,000 590,000
Amortization of interest on contract liabilities 182,000 162,000
Accrued interest on convertible notes, related party 1,065,000 968,000
Amortization of core premiums paid to customers 3,000,000 2,621,000
Amortization of finished goods premiums paid to customers 406,000 226,000
Noncash lease expense 2,682,000 2,435,000
Foreign exchange impact of lease liabilities and forward contracts (1,597,000) (8,348,000)
Change in fair value of compound net derivative liability 1,540,000 1,790,000
Gain on short-term investments (190,000) (131,000)
Net provision for inventory reserves 1,810,000 2,084,000
Net provision for customer payment discrepancies and credit losses (645,000) 401,000
Deferred income taxes (251,000) (339,000)
Share-based compensation expense 2,138,000 946,000
Loss on disposal of plant and equipment 1,000 17,000
Changes in operating assets and liabilities:    
Accounts receivable 41,898,000 5,994,000
Inventory (18,297,000) (8,046,000)
Prepaid expenses and other current assets 34,000 725,000
Other assets 167,000 394,000
Accounts payable and accrued liabilities (19,054,000) 4,013,000
Customer finished goods returns accrual 3,206,000 (1,551,000)
Contract assets (10,714,000) (7,499,000)
Contract liabilities (5,993,000) 9,359,000
Operating lease liabilities (2,614,000) (2,484,000)
Other liabilities (52,000) 210,000
Net cash (used in) provided by operating activities (11,303,000) 10,028,000
Cash flows from investing activities:    
Purchase of plant and equipment (1,108,000) (807,000)
Purchase of intangible assets (4,000,000) 0
Redemption of short-term investments (61,000) 1,000
Net cash used in investing activities (5,169,000) (806,000)
Cash flows from financing activities:    
Borrowings under revolving loan 207,065,000 188,676,000
Repayments of revolving loan (182,894,000) (192,607,000)
Payments on finance lease obligations (328,000) (385,000)
Exercise of stock options 24,000 0
Cash used to net share settle equity awards (1,115,000) (496,000)
Repurchase of common stock, including fees (1,929,000) (1,966,000)
Net cash provided by (used in) financing activities 20,823,000 (6,778,000)
Effect of exchange rate changes on cash and cash equivalents 119,000 606,000
Net increase in cash and cash equivalents 4,470,000 3,050,000
Cash and cash equivalents — Beginning of period 14,650,000 9,429,000
Cash and cash equivalents — End of period 19,120,000 12,479,000
Supplemental disclosures of cash flow information:    
Cash paid for interest, net 10,088,000 11,154,000
Cash paid for income taxes, net of refunds 2,425,000 550,000
Cash paid for operating leases 3,490,000 3,688,000
Cash paid for finance leases 401,000 459,000
Plant and equipment acquired under finance leases 0 1,788,000
Assets acquired under operating leases 1,756,000 198,000
Accrued capital expenditures $ 279,000 $ 192,000