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DIVESTITURES
9 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
Business Divestiture
On September 8, 2023, the Company entered into an Asset Purchase Agreement to divest its Test Optimization business (TO business) for a purchase price of $7.8 million, inclusive of a working capital adjustment. The Company recorded a gain of $3.8 million on the divestiture during the nine months ended December 31, 2023. In connection with the divestiture, the Company has entered into a transitional services agreement with the buyer to provide certain services which ended on December 31, 2023.
The Company determined that the sale of the TO business did not represent a strategic shift and will not have a major effect on its consolidated results of operations, financial position or cash flow. Accordingly, the Company has not presented the sale as a discontinued operation in the consolidated financial statements.