Note 11 - Accounts Payable and Accrued Expenses

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11.

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at

March 

31,

2019

and

March 

31,

2018

consisted

of the following (in thousands):

	March 31, 2019		March 31, 2018
Accounts payable	$	2,939	$	3,096
Accrued inventories in-transit		244		1,207
Accrued other miscellaneous expenses		1,759		2,412
Advanced deposits		631		—
Accrued compensation		5,404		3,605
Income taxes payable		3,363		536
Accrued warranty		1,545		1,769
Total	$	15,885	$	12,625

The Company generally provides a

one

to

three

year warranty on its products, commencing upon installation. A provision is recorded upon revenue recognition to cost of revenues for estimated warranty expense based on historical experience.

Product warranty activity was as follows (in thousands):

	Fiscal Years Ended March 31,
	2019			2018
Balance at beginning of period	$	1,769		$	2,344
Change in accruals for warranties during the period		727			890
Settlements during the period		(951	)		(1,465	)
Balance at end of period	$	1,545		$	1,769