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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
9 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses and other current liabilities consist of the following (in thousands):

March 31,
2025
December 31,
2025
Accrued warranty$1,479 $1,389 
Accrued compensation27,825 29,101 
Government authorities6,982 12,185 
Other current liabilities9,041 2,239 
$45,327 $44,914 
The following table summarizes warranty activity for the nine months ended December 31, 2024 and 2025 (in thousands):

Nine Months Ended December 31,
20242025
Accrued warranty reserve, beginning of year$2,926 $3,618 
Accrual for product warranties issued255 434 
Product replacements and other warranty expenditures(372)(765)
Expiration of warranties
(127)(1,055)
Acquired through MiX Combination and FC Acquisition845 — 
Foreign currency translation difference108 105 
Accrued warranty reserve, end of period (1)
$3,635 $2,337 
(1) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2024 and 2025 of $2,175 and $948, respectively.