ACCRUED EXPENSES AND OTHER

12 Months Ended

Mar. 31, 2023

Other Liabilities Disclosure [Abstract]

ACCRUED EXPENSES AND OTHER

NOTE 10 — ACCRUED EXPENSES AND OTHER

As of March 31, 2023 and March 31, 2022, Accrued expenses and other included the following (dollars in thousands):

	March 31, 2023		March 31, 2022
Accrued acquisition earn-out	$	3,000	$	234
Other accruals		2,598		1,987
Compensation and benefits		1,412		1,668
Credits due to customers		1,310		1,209
Accrued project costs		1,218		2,215
Warranty		497		728
Sales tax		274		157
Legal and professional fees		172		106
Sales returns reserve		71		123
Total	$	10,552	$	8,427

Accrued earn-out is related to recent acquisitions. Refer to discussion of acquisitions at Note 18 – Acquisitions.

Orion generally offers a limited warranty of one to 10 years on its lighting products including the pass through of standard warranties offered by major original equipment component manufacturers. The manufacturers’ warranties cover lamps, ballasts, LED modules, LED chips, LED drivers, control devices, and other fixture related items, which are significant components in Orion's lighting products.

Changes in Orion’s warranty accrual (both current and long-term) were as follows (dollars in thousands):

	March 31,
	2023			2022
Beginning of year	$	860		$	1,009
Accruals		382			434
Warranty claims (net of vendor reimbursements)		(596	)		(583	)
Ending balance	$	646		$	860