Note 11 - Accounts Payable and Accrued Expenses

3 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11.

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at 

June 30, 2019

and 

March 31, 2019

consisted of the following (in thousands):

	June 30, 2019		March 31, 2019
Accounts payable	$	4,088	$	2,939
Accrued inventories in-transit		307		244
Accrued other miscellaneous expenses		1,794		1,759
Advanced deposits		745		631
Accrued compensation		3,678		5,404
Income taxes payable		3,601		3,363
Accrued warranty		1,606		1,545
Total	$	15,819	$	15,885

The Company generally provides a

one

to

three

year warranty on its products, commencing upon delivery or installation where applicable. A provision is recorded upon revenue recognition to cost of revenues for estimated warranty expense based on historical experience.

Product warranty activity was as follows (in thousands):

	Three Months Ended June 30,
	2019			2018
Balance at beginning of period	$	1,545		$	1,769
Change in accruals for warranties during the period		85			104
Settlements during the period		(24	)		(121	)
Balance at end of period	$	1,606		$	1,752