Details of Certain Consolidated Balance Sheet Captions

12 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Details of Certain Consolidated Balance Sheet Captions

DETAILS OF CERTAIN CONSOLIDATED BALANCE SHEET CAPTIONS

Accounts receivable, net consists of the following (in thousands):

	March 31,
	2022		2021
Accounts receivable trade	$	120,603	$	93,366
Other receivables	3,378		4,244
	123,981		97,610
Less: Allowance for doubtful accounts	(1,177)		(915)
Accounts receivable, net	$	122,804	$	96,695

Property, plant and equipment, net, consist of the following (in thousands):

	March 31,
	2022		2021
Land and improvements	$	3,226	$	3,168
Buildings and improvements	53,346		53,020
Plant, office and laboratory equipment	99,770		95,848
Construction in progress	11,083		3,462
	167,425		155,498
Less: Accumulated depreciation	(80,393)		(72,944)
Property, plant and equipment, net	$	87,032	$	82,554

Depreciation of property, plant and equipment was $11.6 million, $9.2 million and $7.9 million for the years ended March 31, 2022, 2021 and 2020, respectively. Of these amounts, cost of revenues includes $8.3 million, $7.1 million and $6.6 million, respectively.

Other assets consist of the following (in thousands):

	March 31,
	2022		2021
Right-of-use lease assets	$	67,076	$	61,707
Property held for investment (a)	418		967
Deferred income taxes	304		1,462
Long-term tax indemnification assets	7,500		7,500
Other	7,388		4,359
Other assets	$	82,686	$	75,995

(a) As of March 31, 2021, $0.5 million asset was held for sale in the "Elimination and Other" segment. This asset was reclassified to other current asset during the year ended March 31, 2022.

Accrued and other current liabilities consist of the following (in thousands):

	March 31,
	2022		2021
Compensation and related benefits	$	21,617	$	19,120
Rebates and marketing agreements	16,340		9,031
Operating lease liabilities	9,269		8,063
Billings in excess of costs	1,026		1,018
Non-income taxes	1,949		1,593
Income taxes payable	4,266		3,755
Other accrued expenses	14,538		7,163
Accrued and other current liabilities	$	69,005	$	49,743

Other long-term liabilities consists of the following (in thousands):

	March 31,
	2022		2021*
Operating lease liabilities	$	63,275	$	56,709
Deferred income taxes	62,810		67,180
Tax Reserve	13,987		13,228
Other	234		736
Other long-term liabilities	$	140,306	$	137,853

*Years ended March 31, 2021 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 7 to the Consolidated Financial Statements.