XML 50 R32.htm IDEA: XBRL DOCUMENT v3.25.1
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Reconciliation of Numerator And Denominator of Basic and Diluted Earnings Per Share
A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):
Twelve Months Ended March 31,
202520242023
Basic earnings (loss) per share:
Net earnings (loss) from continuing operations$(2,502)$10,091 $(124,106)
Earnings from discontinued operations, net of tax1,688 1,790 5,404 
Net earnings (loss)$(814)$11,881 $(118,702)
Basic weighted-average shares outstanding66,126 66,266 66,352 
Dilutive effect of common stock options and restricted stock units as computed under the treasury stock method— 1,652 — 
Diluted weighted-average shares outstanding66,126 67,918 66,352 
Basic earnings (loss) per share:
Continuing operations$(0.04)$0.15 $(1.87)
Discontinued operations0.03 0.03 0.08 
Basic earnings (loss) per share:$(0.01)$0.18 $(1.79)
Diluted earnings (loss) per share:
Continuing operations$(0.04)$0.15 $(1.87)
Discontinued operations0.03 0.03 0.08 
Diluted earnings (loss) per share:$(0.01)$0.17 $(1.79)
Anti-dilutive equity awards under stock-based award plans excluded from the determination of diluted earnings per share1,354 1,112 2,376 
Earnings per share totals may not sum due to rounding.
Schedule of Activity of the Allowance For Credit Losses, Returns And Credits
A summary of the activity of the allowance for credit losses, returns and credits was (dollars in thousands):
Twelve months ended:
Balance at beginning of periodAdditions charged to costs and expensesOther changesBad debts written off, net of amounts recoveredBalance at end of period
March 31, 2023$9,961 1,776 10 (2,403)$9,344 
March 31, 2024$9,344 2,254 755 (3,154)$9,199 
March 31, 2025$9,199 695 (2,203)$7,698 
Schedule of Weighted Average Useful Lives of Intangible Assets The weighted average useful lives of our intangible assets were as follows:
Weighted Average Useful Life (years)
Developed technology1.8
Customer relationships1.8
Schedule of Accounting Pronouncements Adopted During the Current Year and Recent Accounting Pronouncements not yet Adopted
Accounting Pronouncements Adopted During the Current Year -
StandardDescriptionDate of AdoptionEffect on Financial Statements or Other Significant Matters
ASU 2023-07

Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

ASU 2023-07 expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses.
April 1, 2024.
The ASU is effective for the Company’s annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026.
ASU 2023-07 affects financial statement disclosure only, and its adoption did not affect our results of operations or financial condition.


Recent accounting pronouncements not yet adopted -
StandardDescriptionDate of AdoptionEffect on Financial Statements or Other Significant Matters
ASU 2023-09

Income Taxes (Topic 740): Improvements to Income Tax Disclosures
ASU 2023-09 requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income tax paid.The updated standard is effective for us beginning in fiscal 2026. Early adoption is permitted.We are currently evaluating the impact that the updated standard will have on our consolidated financial statement disclosures.
ASU 2024-03

Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
ASU 2024-03 requires more detailed information about the types of expenses included in certain expense captions presented on the consolidated statements of operations. Additionally, this amendment requires the disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively and the disclosure of the total amount of selling expenses.The updated standard is effective for us beginning in fiscal 2028. Early adoption is permitted.We are currently evaluating the impact that the updated standard will have on our consolidated financial statement disclosures.