Accounts Payable and Accrued Expenses

3 Months Ended

Jun. 30, 2016

Accounts payable and accrued expenses at June 30, 2016 and March 31, 2016 consisted of the following (in thousands):



	June 30, 2016		March 31, 2016
Accounts payable	$	7,650	$	5,837
Accrued inventories in-transit	1,501		1,908
Accrued other miscellaneous expenses	3,769		3,003
Accrued compensation	7,598		7,526
Income taxes payable	1,402		1,281
Accrued warranty	2,774		3,601
Total	$	24,694	$	23,156

The Company generally provides a one to three year warranty on its products, commencing upon installation. 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,
	2016			2015
Balance at beginning of period	$	3,601		$	3,934
Change in accruals for warranties during the period	101			(5		)
Settlements during the period	(928		)	(585		)
Balance at end of period	$	2,774		$	3,344