Quarterly report pursuant to Section 13 or 15(d)

Product Warranties (Notes)

v3.20.4
Product Warranties (Notes)
9 Months Ended
Dec. 31, 2020
Product Warranties Disclosures [Abstract]  
Product Warranties Product WarrantiesThe Company’s products carry a limited warranty ranging from one to five years for the products within the IBW segment, typically one year for products within the ISM segment, and one to seven years for products within the CNS segment. The specific terms and conditions of these warranties vary depending upon the customer and the products sold. Factors that affect the estimate of the Company’s warranty reserve include: the number of units shipped, anticipated rates of warranty claims, and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the reserve as necessary. The current portions of the warranty reserve are $88,000 and $120,000 as of December 31, 2020, and March 31, 2020, respectively, and are presented on the Condensed Consolidated Balance Sheets in Accrued expenses. The non-current portions of the warranty reserves are $42,000 and $40,000 as of December 31, 2020, and March 31, 2020, respectively, and are presented on the Condensed Consolidated Balance Sheets in Other non-current liabilities.
The following table presents the changes in the Company’s product warranty reserve:
  Three months ended December 31, Nine months ended December 31,
(in thousands) 2020 2019 2020 2019
Total product warranty reserve at the beginning of the period $ 130  $ 130  $ 160  $ 130 
Warranty expense to cost of revenue 11  17  90  51 
Utilization (11) (17) (120) (51)
Total product warranty reserve at the end of the period $ 130  $ 130  $ 130  $ 130