Revenue

9 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenue

We disaggregate our revenue from contracts with customers by geographic location as well as revenue recognized at a point-in-time and revenues recognized over time, as we believe these best depict the nature of our sales and the regions in which those sales are earned and managed.

Revenue recognized at a point-in-time occurs based on when control transfers to the customer and is generally related to our product sales. Revenue recognized over time occurs on our projects where engineering, manufactured materials, or installation services, or a combination of the three, are required. We recognize revenue related to such projects in a systematic way that reflects the transfer of service to the customer.

Disaggregation of revenues from contracts with customers for the three and nine months ended December 31, 2024 and 2023 are as follows:

	Three months ended December 31, 2024						Three months ended December 31, 2023
	Revenues recognized at point in time		Revenues recognized over time		Total		Revenues recognized at point in time		Revenues recognized over time		Total
United States and Latin America	$	51,108	$	16,064	$	67,172	$	39,881	$	32,823	$	72,704
Canada	33,506		10,030		43,536		30,659		10,455		41,114
Europe, Middle East and Africa	8,736		5,078		13,814		7,366		5,119		12,485
Asia-Pacific	6,212		3,619		9,831		7,606		2,518		10,124
Total revenues	$	99,562	$	34,791	$	134,353	$	85,512	$	50,915	$	136,427

	Nine months ended December 31, 2024						Nine months ended December 31, 2023
	Revenues recognized at point in time		Revenues recognized over time		Total		Revenues recognized at point in time		Revenues recognized over time		Total
United States and Latin America	$	140,122	$	45,898	$	186,020	$	101,515	$	88,482	$	189,997
Canada	81,547		37,205		118,752		80,806		31,780		112,586
Europe, Middle East and Africa	18,303		12,381		30,684		20,577		14,996		35,573
Asia-Pacific	18,635		10,036		28,671		20,393		8,426		28,819
Total revenues	$	258,607	$	105,520	$	364,127	$	223,291	$	143,684	$	366,975

Performance Obligations

    We have elected the practical expedient to disclose only the value of performance obligations for contracts with an original expected length of one year or more, which was $21,975 as of December 31, 2024. We expect to recognize the remaining revenues associated with unsatisfied or partially satisfied performance obligations within the next 12 months.

Contract Assets and Liabilities

    As of December 31, 2024 and March 31, 2024, contract assets were $16,052 and $16,690, respectively. As of December 31, 2024 and March 31, 2024, contract liabilities were $20,571 and $20,531, respectively. We typically recognize revenue associated with our contract liabilities within 12 months.