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Related Party Transaction
 12 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Related Party Transaction

17. Related Party Transaction

See Note 14. Preferred Stock, for description of the MAK Capital investment in the Company. Michael Kaufman, the Chairman of the Company’s Board of Directors, is the Chief Executive Officer of MAK Capital.

Schedule II - Valuation and Qualifying Accounts Years ended March 31, 2022, 2021 and 2020

 

(In thousands)

 

Balance at
beginning of
year

 

 

Charged to
costs and
expenses

 

 

Deductions

 

 

Balance at
end of
year

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax valuation allowance

 

$

74,631

 

 

$

—

 

 

$

(5,116

)

 

$

69,515

 

Allowance for expected credit losses

 

$

1,220

 

 

$

117

 

 

$

(1,019

)

 

$

318

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax valuation allowance

 

$

66,819

 

 

$

7,812

 

 

$

—

 

 

$

74,631

 

Allowance for doubtful accounts

 

$

1,634

 

 

$

508

 

 

$

(922

)

 

$

1,220

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax valuation allowance

 

$

57,852

 

 

$

8,967

 

 

$

—

 

 

$

66,819

 

Allowance for doubtful accounts

 

$

788

 

 

$

1,434

 

 

$

(588

)

 

$

1,634