Income Taxes (Tables)

12 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of income from continuing operations before income taxes

For the year ended March 31, income before income taxes consisted of the following:

(In thousands)	2025		2024		2023
Income before income taxes
United States	$	10,837	$	12,492	$	14,526
Foreign		14,798		8,192		1,238
Total income before income taxes	$	25,635	$	20,684	$	15,764

Schedule of income tax (benefit) expense

For the year ended March 31, income tax expense (benefit) consisted of the following:

(In thousands)	2025			2024			2023
Income tax (benefit) provision
Current:
Federal	$	—		$	—		$	87
State and local		601			370			277
Foreign		2,493			1,884			1,070
Deferred:
Federal		2,488			(57,065	)		12
State and local		(227	)		(8,131	)		77
Foreign		(2,945	)		(2,569	)		(341	)
Income tax (benefit) provision	$	2,410		$	(65,511	)	$	1,182

Schedule of effective income tax rate reconciliation

The following table presents the principal components of the difference between the effective tax rate and the U.S. federal statutory income tax rate for the years ended March 31:

(In thousands)	2025			2024			2023
Income tax expense (benefit) at the U.S. Federal statutory rate	$	5,383		$	4,344		$	3,340
Expense (benefit) for state taxes		768			293			377
Impact of foreign operations		(673	)		(250	)		(78	)
R&D credits		(2,091	)		(3,540	)		—
Global intangible low-taxed income		2,907			1,471			101
Indefinite life assets		—			—			20
Intercompany gain		—			—			177
Rate change		(1,157	)		(1,817	)		—
Change in valuation allowance		(1,610	)		(65,023	)		(2,276	)
Change in liability for unrecognized tax benefits		—			(1,044	)		24
Share-based compensation		(60	)		(1,823	)		(241	)
Deferred adjustments		(357	)		1,927			(281	)
Provision to return		(884	)		(219	)		(31	)
Other		184			170			50
Income tax (benefit) provision	$	2,410		$	(65,511	)	$	1,182

Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities as of March 31, are as follows:

(In thousands)	2025			2024
Deferred tax assets:
Accrued liabilities	$	8,663		$	10,135
Allowance for expected credit losses and doubtful accounts		121			154
Federal losses and credit carryforwards		20,429			28,588
Foreign losses and credit carryforwards		3,325			3,324
State losses and credit carryforwards		6,261			7,248
Deferred revenue		368			270
Capitalized research expenses		32,410			22,280
Property and equipment and software amortization		—			—
Operating lease liabilities		5,372			5,715
Goodwill and other intangible assets		(574	)		(694	)
Other		426			438
		76,801			77,458
Less: valuation allowance		(1,340	)		(2,938	)
Total		75,461			74,520
Deferred tax liabilities:
Operating lease right-of-use assets		(3,961	)		(4,230	)
Goodwill and other intangible assets		(13,958	)		(3,274	)
Property and equipment and software amortization		(2,007	)		(198	)
Total		(19,926	)		(7,702	)
Total deferred tax assets, net	$	55,535		$	66,818

Schedule of uncertain tax positions

Uncertain tax positions as of March 31, are as follows:

(In thousands)	2025		2024			2023
Beginning gross unrecognized tax benefits	$	562	$	575		$	575
Decreases related to prior year tax positions		—		(575	)		—
Increases related to current year tax positions		235		562			—
Increases related to prior year tax positions		134		—			—
Increases due to business acquisitions		132		—			—
Ending gross unrecognized tax benefits	$	1,063	$	562		$	575