ACCRUED EXPENSES AND OTHER

12 Months Ended

Mar. 31, 2024

Other Liabilities Disclosure [Abstract]

ACCRUED EXPENSES AND OTHER

NOTE 10 — ACCRUED EXPENSES AND OTHER

As of March 31, 2024 and March 31, 2023, Accrued expenses and other included the following (dollars in thousands):

	March 31, 2024		March 31, 2023
Accrued acquisition earn-out	$	875	$	3,000
Other accruals		1,854		2,598
Compensation and benefits		2,255		1,412
Credits due to customers		1,167		1,310
Accrued project costs		2,366		1,218
Warranty		552		497
Sales tax		219		274
Legal and professional fees		46		172
Sales returns reserve		106		71
Total	$	9,440	$	10,552

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,
	2024			2023			2022
Beginning of year	$	646		$	860		$	1,009
Accruals		473			382			434
Warranty claims (net of vendor reimbursements)		(394	)		(596	)		(583	)
Ending balance	$	725		$	646		$	860