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Employee Benefit Plans (Tables)
12 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Schedule of pension plan

Amounts recognized in the consolidated statements of operations for the years ended March 31, 2025 and 2024, in respect of the Pension Plan were as follows:

 

   2025   2024 
(in thousands)  Years Ended March 31, 
   2025   2024 
Current service cost  $674   $655 
Interest cost   208    213 
Expected return on plan assets   (403)   (296)
Actuarial loss / (gain) recognized   (53)   (161)
Actuarial loss / (gain) recognized because of settlement   (350)   (341)
Amortization of prior service credit   (145)   (145)
Net charge to statements of operations  $(69)  $(75)
Schedule of Employee Defined Benefits Obligations and Plan Assets

Details of the employee defined benefits obligations and plan assets in respect of the Pension Plan are as follows:

 

   2025   2024 
(in thousands)  Years Ended March 31, 
   2025   2024 
Change in present value of defined benefit obligation:          
Defined benefit obligation at the beginning of the year  $11,012   $9,337 
Interest on defined obligation   208    213 
Current service cost   674    655 
Contributions by plan participants   544    444 
Translation (gain) loss   (93)   534 
Benefits paid   (822)   (289)
Transfer of employee pension obligations and related plan assets (1)   2,761     
Actuarial (gain) loss arising on projected benefit obligation   (201)   118 
Defined benefit obligation at the end of the year  $14,083   $11,012 
Change in plan assets:          
Fair value of plan assets at the beginning of the year  $8,818   $7,761 
Actual return on plan assets   287    (68)
Contributions by the employer   652    530 
Contributions by plan participants   544    444 
Benefits paid   (822)   (289)
Transfer of employee pension obligations and related plan assets (1)   2,603     
Translation gain (loss)   (73)   440 
Fair value of plan assets - at the end of the year  $12,009   $8,818 
Funded status at end of the year  $(2,074)  $(2,194)

 

(1)Represents the assumption of pension obligations related to two employees who transferred into Hocoma Medical during the year.
Schedule of Defined benefit Plan with Accumulated benefit Obligations

Amounts relating to this defined benefit plan with accumulated benefit obligations in excess of plan assets were as follows:

 

   2025   2024 
(in thousands)  As of March 31, 
   2025   2024 
Accumulated benefit obligation  $14,083   $10,686 
Fair value of plan assets  $12,009   $8,818 
Schedule of Recognized in the Company’s Consolidated Balance Sheets

Amounts recognized in the Company’s consolidated balance sheets related to the present value of defined benefit obligations consist of the following:

 

   2025   2024 
(in thousands)  As of March 31, 
   2025   2024 
Current liabilities  $   $ 
Non-current liabilities   2,074    2,194 
Total recognized in the consolidated balance sheet  $2,074   $2,194 
Schedule of Accumulated Other Comprehensive Loss in Respect of the Pension Plan

Amounts recorded in accumulated other comprehensive loss in respect of the pension plan consist of the following:

 

   2025   2024 
(in thousands)  Years Ended March 31, 
   2025   2024 
Net gain (loss)  $1,299   $1,633 
Prior service (cost) credit   684    837 
Total recorded in accumulated other comprehensive income  $1,983   $2,470 
Schedule of Principal Assumptions used for the purpose of Actuarial Valuation

The principal assumptions used for the purpose of actuarial valuation of the pension plan are as follows:

 

   2025   2024 
(in thousands)  As of March 31, 
   2025   2024 
Discount rate   1.35%   1.50%
Expected return on plan assets   3.50%   3.50%
Expected rate of salary increase   %   1.00%
Schedule of Fair Value of Plan Assets

The table below sets forth the fair value of Plan assets at March 31, 2025 and 2024, and the related activity in years ended March 31, 2025 and 2024 (in thousands):

 

(in thousands)  Amount 
Ending balance at March 31, 2023  $7,761 
Actual return on plan assets   (68)
Purchases, sales, and settlement   1,125 
Ending balance at March 31, 2024   8,818 
Actual return on plan assets   287 
Purchases, sales, and settlement   2,904 
Ending balance at March 31, 2025   12,009 
Schedule of Presents Expected Pension Plan Payments

The following table presents expected pension plan payments over the next 10 years:

 

(in thousands)  Amount 
Year Ending March 31,     
2026  $375 
2027   187 
2028   192 
2029   197 
2030   198 
2031-2035   1,806