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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (5,666,000) $ 7,683,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 9,322,000 9,591,000
Amortization of interest 1,131,000 1,189,000
Amortization of core premiums paid to customers 8,670,000 8,497,000
Amortization of finished goods premiums paid to customers 513,000 516,000
Noncash lease expense 5,955,000 5,533,000
Gain due to the change in the fair value of the contingent consideration 0 60,000
Foreign exchange impact of lease liabilities and forward contracts (2,553,000) 1,769,000
Loss (gain) on short-term investments 281,000 (245,000)
Net provision for inventory reserves 14,248,000 9,293,000
Net provision for customer payment discrepancies and credit losses 1,250,000 1,690,000
Deferred income taxes 212,000 (877,000)
Share-based compensation expense 3,521,000 5,457,000
Loss on disposal of plant and equipment 17,000 33,000
Changes in operating assets and liabilities:    
Accounts receivable 7,560,000 3,626,000
Inventory (20,888,000) (65,303,000)
Prepaid expenses and other current assets (12,696,000) 187,000
Other assets 314,000 7,000
Accounts payable and accrued liabilities (19,518,000) (877,000)
Customer finished goods returns accrual (5,054,000) 5,807,000
Contract assets, net (14,486,000) (50,225,000)
Contract liabilities, net 14,700,000 38,828,000
Operating lease liabilities (5,135,000) (4,219,000)
Other liabilities (3,126,000) (194,000)
Net cash used in operating activities (21,428,000) (22,174,000)
Cash flows from investing activities:    
Purchase of plant and equipment (3,607,000) (5,111,000)
Purchase of short-term investments (248,000) (315,000)
Net cash used in investing activities (3,855,000) (5,426,000)
Cash flows from financing activities:    
Borrowings under revolving loan 58,000,000 62,000,000
Repayments of revolving loan (38,000,000) (33,000,000)
Repayments of term loan (2,813,000) (2,813,000)
Payments for debt issuance costs (376,000) (1,148,000)
Payments on finance lease obligations (1,842,000) (2,074,000)
Exercise of stock options, net of cash used to pay employee taxes 898,000 464,000
Cash used to net share settle equity awards (969,000) (1,745,000)
Repurchase of common stock, including fees 0 (1,914,000)
Net cash provided by financing activities 14,898,000 19,770,000
Effect of exchange rate changes on cash and cash equivalents (52,000) 76,000
Net decrease in cash and cash equivalents (10,437,000) (7,754,000)
Cash and cash equivalents - Beginning of period 23,016,000 15,523,000
Cash and cash equivalents - End of period 12,579,000 7,769,000
Supplemental disclosures of cash flow information:    
Cash paid for interest, net 26,425,000 10,348,000
Cash paid for income taxes, net of refunds 13,135,000 5,987,000
Cash paid for operating leases 8,760,000 7,969,000
Cash paid for finance leases 2,042,000 2,343,000
Plant and equipment acquired under finance leases 609,000 601,000
Assets acquired under operating leases 7,530,000 16,141,000
Non-cash capital expenditures $ 77,000 $ 430,000