LEASES (Tables)

12 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Assets Leased from Third Parties

A summary of Orion’s assets leased from third parties follows (dollars in thousands):

	Balance sheet classification	March 31, 2024		March 31, 2023
Assets
Operating lease assets	Other long-term assets	$	1,770	$	2,174
Liabilities
Current liabilities
Operating lease liabilities	Accrued expenses and other		990		823
Non-current liabilities
Operating lease liabilities	Other long-term liabilities		1,121		1,826
Total lease liabilities		$	2,111	$	2,649

Summary of Estimated Maturity of Lease Liabilities

The estimated maturity of lease liabilities for each of the next five years is shown below (dollars in thousands):

Maturity of Lease Liabilities	Operating Leases
Fiscal 2025	$	1,083
Fiscal 2026		984
Fiscal 2027		177
Fiscal 2028		—
Thereafter		—
Total lease payments	$	2,244
Less: Interest		(133	)
Present value of lease liabilities	$	2,111

Schedule of Revenue and Cost of Sales Arising from Sales-Type Leases

The following chart shows the amount of revenue and cost of sales arising from sales-type leases during the year ended March 31, 2024, 2023 and 2022 (dollars in thousands):

	March 31, 2024		March 31, 2023		March 31, 2022
Product revenue	$	—	$	2,818	$	1,169
Cost of product revenue		—		2,771		1,073