Accounts Payable and Accrued Expenses

9 Months Ended

Dec. 31, 2018

Accounts payable and accrued expenses at December 31, 2018 and March 31, 2018 consisted of the following (in thousands):



	December 31, 2018		March 31, 2018
Accounts payable	$	2,939	$	3,096
Accrued inventories in-transit	217		1,207
Accrued other miscellaneous expenses	3,638		2,412
Advanced deposits	1,765		—
Accrued compensation	4,424		3,605
Income taxes payable	3,202		536
Accrued warranty	1,496		1,769
Total	$	17,681	$	12,625

The Company generally provides a one to two year warranty on its products, commencing upon delivery or installation where applicable. 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):



	Three months ended December 31,						Nine months ended December 31,
	2018			2017			2018			2017
Balance at beginning of period	$	1,760		$	1,852		$	1,769		$	2,344
Change in accruals for warranties during the period	260			25			577			152
Settlements during the period	(524		)	(406		)	(850		)	(1,025		)
Balance at end of period	$	1,496		$	1,471		$	1,496		$	1,471