Accrued Liabilities

9 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accrued Liabilities

ACCRUED LIABILITIES

Accrued liabilities consisted of the following (in thousands):

	As of
	December 31, 2021		March 31, 2021
Deferred revenue	$	6,278	$	5,551
Reserves (1)	5,230		2,624
Payroll and related liabilities	4,818		6,616
Legal settlement (2)	4,250		—
Other	4,656		4,836
Total accrued liabilities	$	25,232	$	19,627

(1) Reserves primarily consists of inventory, sales return, sales tax and product liability reserves.

(2) Legal settlement is a loss contingency accrual related to a legal settlement involving a class action lawsuit related to advertisement of our treadmills. For further information, see Note 16, Commitments and Contingencies