Accounts Payable and Accrued Expenses

12 Months Ended

Mar. 31, 2017

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at March 31, 2017 and March 31, 2016 consisted of the following (in thousands):

	March 31, 2017		March 31, 2016
Accounts payable	$	3,207	$	5,837
Accrued inventories in-transit	313		1,908
Accrued other miscellaneous expenses	2,240		3,003
Accrued compensation	5,042		7,526
Income taxes payable	1,344		1,281
Accrued warranty	2,344		3,601
Total	$	14,490	$	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):

	Fiscal Years Ended March 31,
	2017			2016
Balance at beginning of period	$	3,601		$	3,934
Change in accruals for warranties during the period	1,219			1,865
Settlements during the period	(2,476		)	(2,198		)
Balance at end of period	$	2,344		$	3,601