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Accrued Expenses
6 Months Ended
Sep. 30, 2022
Payables and Accruals [Abstract]  
Accrued Expenses

Note 11. Accrued Expenses

Accrued expenses consist of the following:

 

 

 

September 30, 2022

 

 

March 31, 2022

 

 

 

(in thousands)

 

Employee compensation

 

$

42,365

 

 

$

50,649

 

Research and development

 

 

10,276

 

 

 

7,337

 

Sales and income taxes

 

 

2,859

 

 

 

1,931

 

Marketing

 

 

2,259

 

 

 

2,289

 

Professional, legal and accounting fees

 

 

1,739

 

 

 

1,479

 

Warranty

 

 

1,674

 

 

 

1,935

 

Other

 

 

8,262

 

 

 

7,009

 

 

 

$

69,434

 

 

$

72,629

 

 

Employee compensation consists primarily of accrued bonuses, accrued commissions and accrued employee benefits. Other includes returns reserve, allowance for rebates and discounts and other miscellaneous accrued expenses.