Retirement Plans

12 Months Ended

Mar. 31, 2025

Retirement Plans:

Retirement Plans

22. Retirement Plans

U.S. Defined Contribution Plan

Qualifying full-time employees based in the United States participate in our 401(k) retirement plan and may contribute a portion of their annual compensation to the plan on a tax-advantaged basis, in accordance with applicable tax

law limits. On behalf of all participants in the plan, we provide a safe harbor contribution subject to certain limitations. Employee contributions and our safe harbor contributions are vested at all times. We recognized and paid compensation expense associated with the safe harbor contributions totaling $0.1 million for each of the years ended March 31, 2025, 2024, and 2023.

Greece Defined Benefit Plan

Our employees based in Greece participate in a required statutory defined benefit pension plan as required by the provisions of Greek law 2112/20 covering all eligible employees (the “Greek Plan”). We recognized a liability associated with our projected benefit obligation to the Greek Plan of $0.8 million and $0.9 million as of March 31, 2025 and 2024, respectively, representing a decrease of the liability of $0.1 million during the year ended March 31, 2025, an increase in the liability of $0.1 million during the year ended March 31, 2024, and a decrease in the liability of $0.2 million during the year ended March 31, 2023, for which we recognized income or expense on our consolidated statement of operations.

Denmark and U.K. Retirement Accounts

We contribute to retirement accounts for certain employees in Denmark and the United Kingdom based on a percentage of their annual salaries. For each of the years ended March 31, 2025, 2024 and 2023, we recognized compensation expense of $0.2 million related to these contributions.