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ALLOWANCE FOR CREDIT LOSSES
9 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
ALLOWANCE FOR CREDIT LOSSES ALLOWANCE FOR CREDIT LOSSES
The Company’s receivables were evaluated to determine an appropriate allowance for credit losses. For trade receivables, the Company’s historical collections were analyzed by the number of days past due to determine the uncollectible rate in each range of days past due and considerations of any changes expected in the future. The estimate of the allowance for credit losses is charged to the allowance for credit losses based on the age of receivables multiplied by the historical uncollectible rate for the range of days past due or earlier if the account is deemed uncollectible for other reasons. Recoveries of amounts previously charged as uncollectible are credited to the allowance for credit losses.

An analysis of the allowance for credit losses for the periods ended December 31, 2023 and 2024 is as follows (in thousands):

Nine Months Ended December 31,
20232024
Allowance for credit losses, March 31$2,328 $3,197 
Adjustment for adoption of ASU 2016-13
(200)— 
Current period provision for expected credit losses1,339 7,229 
Write-offs charged against the allowance
(959)(4,880)
Foreign currency translation289 (63)
Allowance for credit losses, December 31
$2,797 $5,483