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ACCRUED EXPENSES AND OTHER (Tables)
12 Months Ended
Mar. 31, 2025
Other Liabilities Disclosure [Abstract]  
Schedule of Accrued Expenses and Other

As of March 31, 2025 and March 31, 2024, Accrued expenses and other included the following (dollars in thousands):

 

 

 

March 31, 2025

 

 

March 31, 2024

 

Accrued acquisition earn-out

 

$

3,263

 

 

$

875

 

Other accruals

 

 

2,180

 

 

 

1,854

 

Compensation and benefits

 

 

2,424

 

 

 

2,255

 

Credits due to customers

 

 

1,581

 

 

 

1,167

 

Accrued project costs

 

 

2,283

 

 

 

2,366

 

Warranty

 

 

449

 

 

 

552

 

Sales tax

 

 

273

 

 

 

219

 

Legal and professional fees

 

 

177

 

 

 

46

 

Sales returns reserve

 

 

98

 

 

 

106

 

Total

 

$

12,728

 

 

$

9,440

 

Changes in Warranty Accrual

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

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Beginning of year

 

$

725

 

 

$

646

 

 

$

860

 

Accruals

 

 

350

 

 

 

473

 

 

 

382

 

Warranty claims (net of vendor reimbursements)

 

 

(436

)

 

 

(394

)

 

 

(596

)

Ending balance

 

$

639

 

 

$

725

 

 

$

646