Income Taxes (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Current and Deferred Federal and State Income Tax (Benefits) Provision

The components of current and deferred federal and state income tax provision are as follows:

	Year Ended March 31,
	2024		2023
	(In thousands)
Income (loss) before income taxes	$	3,463	$	(14,720)
Current income tax provision:
Federal	149		—
State	89		50
Total current tax provision	238		50
Deferred income tax provision:
Federal	20		34
State	74		51
Total deferred tax provision	94		85
Provision for income taxes	332		135
Income (loss), net of taxes	$	3,131	$	(14,855)

Schedule of Reconciliation of Income Tax (Benefit) Provision to Taxes Computed at U.S. Federal Statutory Rates

The reconciliation of our income tax provision (benefit) to taxes computed at U.S. federal statutory rates is as follows:

	Year Ended March 31,
	2024		2023
	(In thousands)
Provision for (benefit from) income taxes at statutory rates	$	727	$	(3,091)
State income taxes net of federal benefit	195		(423)
Tax credits	(981)		(434)
Compensation charges	612		156
Change in valuation allowance	(271)		3,849
Other	50		78
Provision for income taxes	$	332	$	135

Schedule of Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows:

	March 31,
	2024		2023
	(In thousands)
Deferred tax assets:
Net operating losses	$	2,317	$	5,962
Capitalized R&D	4,733		2,866
Credit carry-forwards	5,366		4,868
Deferred compensation and payroll	3,660		3,290
Bad debt allowance and other reserves	1,237		914
Property and equipment	860		729
Lease liabilities	2,203		—
Acquired intangibles	214		294
Other, net	547		518
Total deferred tax assets	21,137		19,441
Valuation allowance	(18,470)		(18,741)
Total deferred tax assets, net of valuation allowance	2,667		700
Deferred tax liabilities:
Goodwill	(1,294)		(1,122)
Right-of-use assets	(1,888)		—
Total deferred tax liabilities	(3,182)		(1,122)
Net deferred tax liabilities	$	(515)	$	(422)

Schedule of Reconciliation of the Beginning and Ending Balances of the Total Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

	Year Ended March 31,
	2024		2023
	(In thousands)
Gross unrecognized tax benefits at beginning of year	$	1,284	$	1,198
Increases for tax positions taken in prior years	81		22
Decreases for tax positions taken in prior years	(12)		(36)
Increases for tax positions taken in the current year	196		116
Lapse in statute of limitations	(27)		(16)
Gross unrecognized tax benefits	$	1,522	$	1,284