Iteris (ITI) 10-K 1 Jun 22 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Mar. 31, 2022	May 31, 2022	Sep. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2022
Current Fiscal Year End Date	--03-31
Document Transition Report	false
Entity File Number	001-08762
Entity Registrant Name	ITERIS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-2588496
Entity Address, Address Line One	1250 S. Capital of Texas Hwy., Building 1, Suite 330
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78746
City Area Code	512
Local Phone Number	716-0808
Title of 12(b) Security	Common Stock, $0.10 par value
Trading Symbol	ITI
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 223,257,646
Entity Common Stock, Shares Outstanding		42,429,597
Documents Incorporated by Reference	Part III of this report incorporates by reference certain information from the registrant's definitive proxy statement for the 2022 Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K.
Entity Central Index Key	0000350868
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Mar. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Costa Mesa, CA

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Current assets:
Cash and cash equivalents	$ 23,689	$ 25,205
Restricted cash	120	263
Short-term investments	0	3,100
Trade accounts receivable, net of allowance for doubtful accounts of $903 and $1,019 at March 31, 2022 and 2021, respectively	25,628	19,020
Unbilled accounts receivable	10,870	11,541
Inventories	7,980	5,066
Prepaid expenses and other current assets	4,076	5,445
Total current assets	72,363	69,640
Property and equipment, net	1,392	1,923
Right-of-use assets	11,382	11,353
Intangible assets, net	11,780	14,297
Goodwill	28,340	28,340
Other assets	1,120	1,238
Noncurrent assets of discontinued operations	6	78
Total assets	126,383	126,869
Current liabilities:
Trade accounts payable	11,926	8,935
Accrued payroll and related expenses	11,409	11,734
Accrued liabilities	5,623	4,921
Deferred revenue	6,566	7,349
Current liabilities of discontinued operations	163	94
Total current liabilities	35,687	33,033
Lease liabilities	10,763	10,146
Deferred income taxes	337	808
Unrecognized tax benefits	105	119
Other long-term liabilities	2,456	3,523
Noncurrent liabilities of discontinued operations	172	261
Total liabilities	49,520	47,890
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock, $1.00 par value: Authorized shares—2,000 Issued and outstanding shares—0	0	0
Common stock, $0.10 par value: Authorized shares—70,000 at March 31, 2021 and March 31, 2020 Issued and outstanding shares—41,687 at March 31, 2021 and 40,713 at March 31, 2020	4,242	4,170
Additional paid-in capital	186,720	181,828
Accumulated deficit	(114,099)	(107,019)
Total stockholders' equity	76,863	78,979
Total liabilities and stockholders' equity	$ 126,383	$ 126,869

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Statement of Financial Position [Abstract]
Trade accounts receivable, allowance for doubtful accounts	$ 903	$ 1,019
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized shares	2,000,000	2,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized shares	70,000,000	70,000,000
Common stock, issued shares	42,416,000	41,687,000
Common stock, outstanding shares	42,416,000	41,687,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Total revenues	$ 133,572	$ 117,138	$ 107,403
Cost of revenues	86,179	70,282	63,790
Gross profit	47,393	46,856	43,613
Operating expenses:
General and administrative	25,131	24,207	24,047
Sales and Marketing	18,929	14,957	16,618
Research and development	7,354	5,130	4,315
Amortization of intangible assets	2,673	1,504	757
Restructuring charges	0	619	0
Total operating expenses	54,087	46,417	45,737
Operating income (loss)	(6,694)	439	(2,124)
Non-operating income (expense):
Other income (expense)	(18)	54	297
Interest income (expense)	(14)	113	229
Income (loss) from continuing operations before income taxes	(6,726)	606	(1,598)
Provision for income taxes	(174)	(115)	(160)
Net income (loss) from continuing operations	(6,900)	491	(1,758)
Loss from discontinued operations before gain on sale, net of tax	(180)	(1,654)	(3,852)
Gain on sale of discontinued operations, net of tax	0	11,297	0
Net income (loss) from discontinued operations, net of tax	(180)	9,643	(3,852)
Net income (loss)	$ (7,080)	$ 10,134	$ (5,610)
Income (loss) per share - basic:
Income (loss) per share from continuing operations (in dollars per share)	$ (0.16)	$ 0.01	$ (0.04)
Income (loss) per share from discontinued operations (in dollars per share)	0	0.23	(0.10)
Net income (loss) per share (in dollars per share)	(0.16)	0.24	(0.14)
Income (loss) per share - diluted:
Income (loss) per share from continuing operations (in dollars per share)	(0.16)	0.01	(0.04)
Income (loss) per share from discontinued operations (in dollars per share)	0	0.23	(0.10)
Net income (loss) per share (in dollars per share)	$ (0.16)	$ 0.24	$ (0.14)
Shares used in basic per share calculations	42,222,000	41,176,000	39,012,000
Shares used in diluted per share calculations	42,222,000	41,599,000	39,012,000
Product revenues
Total revenues	$ 68,729	$ 62,933	$ 55,007
Cost of revenues	40,501	34,933	30,266
Service revenues
Total revenues	64,843	54,205	52,396
Cost of revenues	$ 45,678	$ 35,349	$ 33,524

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance at Mar. 31, 2019	$ 34,055	$ 3,338	$ 142,260	$ (111,543)
Balance (in shares) at Mar. 31, 2019		33,377
Increase (Decrease) in Stockholders' Equity
Issuance of common stock in connection with public offering, net of costs	26,751	$ 618	26,133
Issuance of common stock in connection with public offering, net of costs (in shares)		6,183
Stock option exercises	256	$ 12	244
Stock option exercises (in shares)		120
Issuance of shares pursuant to Employee Stock Purchase Plan	370	$ 9	361
Issuance of shares pursuant to Employee Stock Purchase Plan (in shares)		91
Stock-based compensation	2,785		2,785
Issuance of shares pursuant to vesting of restricted stock units, net of payroll withholding taxes	(15)	$ 7	(22)
Issuance of shares pursuant to vesting of restricted stock units, net of payroll withholding taxes (in shares)		73
Issuance of common stock in connection with acquisition	4,535	$ 87	4,448
Issuance of common stock in connection with acquisition (in shares)		869
Net income (loss)	(5,610)			(5,610)
Balance at Mar. 31, 2020	63,127	$ 4,071	176,209	(117,153)
Balance (in shares) at Mar. 31, 2020		40,713
Increase (Decrease) in Stockholders' Equity
Stock option exercises	2,633	$ 74	2,559
Stock option exercises (in shares)		731
Issuance of shares pursuant to Employee Stock Purchase Plan	448	$ 10	438
Issuance of shares pursuant to Employee Stock Purchase Plan (in shares)		97
Stock-based compensation	2,845		2,845
Issuance of shares pursuant to vesting of restricted stock units, net of payroll withholding taxes	(208)	$ 15	(223)
Issuance of shares pursuant to vesting of restricted stock units, net of payroll withholding taxes (in shares)		146
Net income (loss)	10,134			10,134
Balance at Mar. 31, 2021	$ 78,979	$ 4,170	181,828	(107,019)
Balance (in shares) at Mar. 31, 2021	41,687	41,687
Increase (Decrease) in Stockholders' Equity
Stock option exercises	$ 1,330	$ 48	1,282
Stock option exercises (in shares)		489
Issuance of shares pursuant to Employee Stock Purchase Plan	436	$ 9	427
Issuance of shares pursuant to Employee Stock Purchase Plan (in shares)		95
Stock-based compensation	3,401		3,401
Issuance of shares pursuant to vesting of restricted stock units, net of payroll withholding taxes	(203)	$ 15	(218)
Issuance of shares pursuant to vesting of restricted stock units, net of payroll withholding taxes (in shares)		145
Net income (loss)	(7,080)			(7,080)
Balance at Mar. 31, 2022	$ 76,863	$ 4,242	$ 186,720	$ (114,099)
Balance (in shares) at Mar. 31, 2022	42,416	42,416

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net income (loss)	$ (7,080)	$ 10,134	$ (5,610)
Less: Net income (loss) from discontinued operations	(180)	9,643	(3,852)
Net income (loss) from continuing operations	(6,900)	491	(1,758)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Project Loss	3,394
Right-of-use asset non-cash expense	2,515	1,438	1,199
Deferred income taxes	(485)	607	105
Depreciation of property and equipment	820	734	770
Stock-based compensation	3,401	2,902	2,495
Amortization of intangible assets	3,240	2,036	1,255
Loss on disposal of equipment	177	0	0
Other	0	86	(60)
Changes in operating assets and liabilities, net of effects of discontinued operations and acquisitions:
Trade accounts receivable	(6,608)	(227)	235
Unbilled accounts receivable and deferred revenue	148	903	(2,353)
Inventories	(2,914)	(1,085)	(124)
Prepaid expenses and other assets	(2,495)	(1,738)	(951)
Trade accounts payable and accrued expenses	2,683	4,168	(409)
Operating lease liabilities	(2,569)	(1,427)	(866)
Net cash provided by (used in) operating activities - continuing operations	(5,593)	8,888	(462)
Net cash used in operating activities - discontinued operations	(128)	(2,398)	(3,365)
Net cash provided by (used in) in operating activities	(5,721)	6,490	(3,827)
Cash flows from investing activities
Purchases of property and equipment	(466)	(601)	(409)
Purchase of short-term investments	0	(23,655)	(33,786)
Maturities of investments	3,100	32,025	24,225
Capitalized software development costs	(1,635)	(767)	(633)
Cash paid in business acquisition, net of cash acquired	0	(15,000)	(5,581)
Net cash provided by (used in) investing activities - continuing operations	999	(7,998)	(16,184)
Net cash provided by (used in) investing activities - discontinued operations	1,500	9,740	(59)
Net cash provided by (used in) investing activities	2,499	1,742	(16,243)
Cash flows from financing activities
Proceeds from stock option exercises	1,330	2,633	256
Proceeds from ESPP purchases	436	448	370
Tax withholding payments for net share settlements of restricted stock units	(203)	(208)	(15)
Proceeds from issuance of common stock, net of costs	0	0	26,751
Net cash provided by financing activities - continuing operations	1,563	2,873	27,362
Net cash provided by financing activities - discontinued operations	0	0	0
Net cash provided by financing activities	1,563	2,873	27,362
Increase (decrease) in cash, cash equivalents and restricted cash	(1,659)	11,105	7,292
Cash, cash equivalents and restricted cash at beginning of period	25,468	14,363	7,071
Cash, cash equivalents and restricted cash at end of period	23,809	25,468	14,363
Supplemental cash flow information:
Income taxes	223	183	63
Supplemental schedule of non-cash investing and financing activities:
Issuance of common stock for vested restricted stock units	15	15	7
Lease liabilities arising from obtaining right-of-use assets	2,544	689	581
Deferred purchase price receivable	0	1,500	0
Issuance of common stock in connection with acquisition	0	0	4,535
Deferred consideration related to TrafficCast acquisition	0	2,050	0
Working capital adjustment related to TrafficCast acquisition	$ 0	$ 681	$ 0

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Description of Business Iteris, Inc. (referred to collectively with its wholly-owned subsidiaries, ClearAg, Inc. and Albeck Gerken, Inc. ("AGI"), in this report as "Iteris", the "Company", "we", "our", and "us") is a provider of smart mobility infrastructure solutions. Our cloud-enabled solutions help public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers monitor, visualize, and optimize mobility infrastructure to make mobility safe, efficient and sustainable for everyone. As a pioneer in intelligent transportation systems ("ITS") technology, our intellectual property, advanced detection sensors, mobility and traffic data, software-as-a-service ("SaaS") offerings, mobility consulting services and end-to-end solutions delivered as cloud-enabled managed services represent a comprehensive range of smart mobility infrastructure management solutions that we distribute to customers throughout the United States ("U.S.") and internationally. We believe our products, solutions and services increase safety and decrease congestion within our communities, while also minimizing environmental impact. We continue to make significant investments to leverage our existing technologies and further enhance our advanced sensors, mobility intelligence software, mobility data sets, mobility consulting services and cloud-enabled managed services. As we are always mindful of capital allocation, we apply significant effort to evaluate and prioritize these investments. Likewise, we are always exploring strategic alternatives intended to optimize the value of our Company. Iteris was incorporated in Delaware in 1987 and has operated in its current form since 2004. Recent Developments COVID-19 Update The COVID-19 pandemic (the “Pandemic”) has materially adversely impacted global economic conditions. More than 24 months into the Pandemic, COVID-19 continues to have an unpredictable and unprecedented impact on the global economy. Though there has been a trend in increasing availability of COVID-19 vaccines, as well as an easing of restrictions on social, business, travel and government activities and functions, infection rates continue to fluctuate and federal, state and local government regulations continue to rapidly change. The uncertainties caused by the Pandemic include, but are not limited to, supply chain disruptions, workplace dislocations, economic contraction, and downward pressure on some customer budgets and customer sentiment in general. Due to the Pandemic, we have experienced supply chain and work delays on certain projects. Should such conditions become protracted or worsen or should longer-term budgets or priorities of our clients be impacted, the Pandemic could negatively affect our business, results of operations and financial condition. The extent of the impact of the Pandemic on our business and financial results, and the volatility of our stock price will depend largely on future developments, including the duration of the Pandemic, new and potentially more contagious variants, such as the Delta and Omicron variants, the impact on capital and financial markets, the distribution, rate of adoption and efficacy of vaccines, and the related impact on the budgets and financial circumstances of our customers and suppliers, all of which are highly uncertain and cannot be reasonably estimated as of the date of this report. Given the uncertainties surrounding the impacts of the Pandemic on the Company's future financial condition and results of operations, the Company has taken certain actions to preserve its liquidity, manage cash flow and strengthen its financial flexibility. Such actions include, but are not limited to, reducing discretionary spending, reducing capital expenditures, and implementing restructuring activities. Refer to Note 4, Restructuring Activities, for more information. Our products require specialized parts which have become more difficult to source. In some cases, we have had to purchase such parts from third-party brokers at substantially higher prices. Additionally, to mitigate for component shortages, we have begun to increase inventory levels and may continue to do so for an extended period. In the event demand doesn’t materialize, we may need to hold excess inventory for several quarters. Alternatively, we may be unable to source sufficient components, even from third-party brokers, to meet customer demand, resulting in high levels of unshippable backlog. We have placed non-cancellable inventory orders for certain products in advance of our normal lead times to secure normal and incremental future supply and capacity and may need to continue to do so in the future. Still, we may remain supply-constrained beyond the fiscal year ended March 31, 2022 ("Fiscal 2022"). On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act ("CARES Act") was signed into law in the United States. The CARES Act provides relief to U.S. corporations through financial assistance programs and modifications to certain income tax provisions. The Company is applying certain beneficial provisions of the CARES Act, including the payroll tax deferral and the alternative minimum tax acceleration. Refer to Note 6, Income Taxes, for more information. The Pandemic has had an impact on the Company’s human capital. While our Santa Ana product and commercial operations facility has remained open, easing of Pandemic restrictions imposed by local and state authorities have allowed a portion of our workforce to return to our various facilities while others continue to work remotely. The Company’s information technology infrastructure has proven sufficiently flexible to minimize disruptions in required duties and responsibilities. Additionally, we have been able to timely file financial reports. We believe we have the right infrastructure to efficiently work remotely for the balance of the Pandemic. We do not expect to incur significant costs to safely reopen our facilities to all our employees. The Company assessed the impacts of the Pandemic on the estimates and assumptions used in preparing these audited consolidated financial statements. The estimates and assumptions used in these assessments were based on management’s judgment and may be subject to change as new events occur and additional information is obtained. In particular, there is significant uncertainty about the duration and extent of the impact of the Pandemic and its resulting impact on global economic conditions. If economic conditions caused by the Pandemic do not recover as currently estimated by management, the Company’s financial condition, cash flows and results of operations may be materially impacted. See below for areas that required more judgments and estimates as a result of the Pandemic. The Company will continue to assess the effect on its operations by monitoring the spread of the Pandemic and the actions implemented to combat the virus throughout the world. As a result, our assessment of the impact of the Pandemic may change. Acquisition of the Assets of TrafficCast International, Inc. On December 6, 2020, the Company entered into an Asset Purchase Agreement (the “TrafficCast Purchase Agreement”) with TrafficCast International, Inc. (“TrafficCast”), a privately held company headquartered in Madison, Wisconsin that provides travel information technology, applications and content to customers throughout North America in the media, mobile technology, automotive and public sectors. Under the TrafficCast Purchase Agreement, the Company agreed to purchase from TrafficCast substantially all of its assets, composed of its travel information technology, applications and content (the “TrafficCast Business”) and assume certain specified liabilities of the TrafficCast Business in exchange for a total purchase price of up to $17.7 million. The $17.7 million in total consideration was comprised of $15.0 million paid in cash on the closing date, $1.0 million held back as security for certain post-closing adjustments and post-closing indemnity obligations of TrafficCast, $1.1 million acquisition-related liability, and a $1.0 million earn out, fair valued at $0.6 million as of March 31, 2021, that if earned, will be paid over two years based on the TrafficCast Business’ achievement of certain revenue targets. The TrafficCast Purchase Agreement also provided for customary post-closing adjustments to the purchase price tied to working capital balances of the TrafficCast Business at closing (see Note 12, Acquisitions , to the Consolidated Financial Statements). The transaction closed on December 7, 2020. Simultaneous with closing the transaction, the parties entered into certain ancillary agreements that will provide Iteris with ongoing access to mapping and monitoring services that the TrafficCast Business uses to support its real-time and predictive travel data and associated content. Public Offering and Acquisition of Albeck Gerken, Inc. On June 13, 2019, the Company completed an underwritten public offering of 6,182,797 shares of the Company's common stock for net proceeds to the Company of approximately $26.8 million, after deducting underwriting discounts and estimated offering expenses payable by the Company. The Company used approximately $6.2 million of the net proceeds of this offering to pay the cash portion of the purchase price in the acquisition of AGI, a privately-held professional transportation engineering services firm headquartered in Tampa, Florida (see Note 12, Acquisitions , to the Consolidated Financial Statements), and plans to use the balance of the net proceeds for general corporate purposes and possibly for other future acquisitions. Sale of Agriculture and Weather Analytics Business On May 5, 2020, the Company completed the sale of substantially all of our assets used in connection with our Agriculture and Weather Analytics ("AWA") business to DTN, LLC (“DTN”), an operating company of TBG AG, a Swiss-based holding company, pursuant to an Asset Purchase Agreement (the “AWA Purchase Agreement”) signed on May 2, 2020, in exchange for a total purchase consideration of $12.0 million in cash, subject to working capital adjustments. Upon closing, the Company received $10.5 million in cash and $1.5 million of payment was deferred. DTN paid the Company $1.45 million at the 12-month anniversary of the closing date, and $0.05 million at the 18-month anniversary of the closing date. See Note 3, Discontinued Operations , to the Consolidated Financial Statements, for further details on the sale of the Agriculture and Weather Analytics business. Restructuring Activities On April 30, 2020, in connection with the sale of the Agriculture and Weather Analytics business, the Board of Directors of the Company approved restructuring activities to better position the Company for increased profitability and growth. Restructuring charges of approximately $1.5 million were incurred for separation costs for certain employees who did not transition to DTN, additional positions that were eliminated to right-size the cost structure of the Company, and the impairment of certain lease-related assets (see Note 4, Restructuring Activities , to the Consolidated Financial Statements). Basis of Presentation Our consolidated financial statements include the accounts of Iteris, Inc. and all its wholly-owned subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"). All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires our management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Significant estimates made in the preparation of the consolidated financial statements include, but are not limited to, recoverability of long-lived and intangible assets; fair value of acquired intangible assets and goodwill; collectability of accounts receivable and related allowance for doubtful accounts; projections of taxable income used to assess realizability of deferred tax assets; warranty reserves; costs to complete long-term contracts; indirect cost rates used in cost plus contracts; fair value of stock option awards and equity instruments; estimates of future cash flows used to assess the recoverability of the impairment of goodwill; fair value of contingent consideration and capitalization and estimated useful life of the Company's internal-use software development costs. Estimates are based on historical experience and on various assumptions that the Company believes are reasonable under current circumstances. However, future events are subject to change and best estimates and judgments may require further adjustments, therefore, actual results could differ materially from those estimates. Management periodically evaluates such estimates and they are adjusted prospectively based upon such periodic evaluation. Revenue Recognition Revenues are recognized when control of the promised goods or services are transferred to our customers, in a gross amount that reflects the consideration that we expect to be entitled to in exchange for those goods or services. We generate all of our revenue from contracts with customers. Product revenue related contracts with customers begin when we acknowledge a purchase order for a specific customer order of product to be delivered in the near term and these purchase orders are short-term in nature. Product revenue is recognized at a point in time upon shipment or upon customer receipt of the product, depending on shipping terms. The Company determined that this method best represents the transfer of goods as transfer of control typically occurs upon shipment or upon customer receipt of the product. Service revenues, primarily derived from long-term engineering and consulting service contracts with governmental agencies. These contracts generally include performance obligations in which control is transferred over time. We recognize revenue on fixed fee contracts, over time, using the proportion of actual costs incurred to the total costs expected to complete the contract performance obligation. The Company determined that this method best represents the transfer of services as the proportion closely depicts the efforts or inputs completed towards the satisfaction of a fixed fee contract performance obligation. Time & Materials ("T&M") and Cost Plus Fixed Fee ("CPFF") contracts are considered variable consideration. However, performance obligations with these fee types qualify for the "Right to Invoice" Practical Expedient. Under this practical expedient, the Company is allowed to recognize revenue, over time, in the amount to which the Company has a right to invoice. In addition, the Company is not required to estimate such variable consideration upon inception of the contract and reassess the estimate each reporting period. The Company determined that this method best represents the transfer of services as, upon billing, the Company has a right to consideration from a customer in an amount that directly corresponds with the value to the customer of the Company's performance completed to date. Service revenues also consist of revenues derived from maintenance and support, extended warranty, and the use of the Company's service platforms and APIs on a subscription basis. We generate this revenue from fees for maintenance and support, extended warranty, monthly active user fees, SaaS fees, and hosting and storage fees. In most cases, the subscription or transaction arrangement is a single performance obligation comprised of a series of distinct services that are substantially the same and that have the same pattern of transfer (i.e., distinct days of service). The Company applies a time-based measure of progress to the total transaction price, which results in ratable recognition over the term of the contract. The Company determined that this method best represents the transfer of services as the customer obtains equal benefit from the service throughout the service period. The Company accounts for individual goods and services separately if they are distinct performance obligations, which often requires significant judgment based upon knowledge of the products and/or services, the solution provided and the structure of the sales contract. In SaaS agreements, we provide a service to the customer which combines the software functionality, maintenance and hosting into a single performance obligation. In product related contracts, a purchase order may contain different products, each constituting a separate performance obligation. We generally estimate variable consideration at the most likely amount to which we expect to be entitled and in certain cases based on the expected value, which requires judgment. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of our anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. We review and update these estimates on a quarterly basis. The Company's typical performance obligations include the following: Performance Obligation When Performance When Payment is How Standalone Product Revenues Standard purchase orders for delivery of a tangible product Upon shipment (point in time) Within 30 days of delivery Observable transactions Engineering services where the deliverable is considered a product As work is performed (over time) Within 30 days of services being invoiced Estimated using a cost-plus margin approach Service Revenues Engineering and consulting services As work is performed (over time) Within 30 days of services being invoiced Estimated using a cost-plus margin approach SaaS Over the course of the SaaS service once the system is available for use (over time) At the beginning of the contract period Estimated using a cost-plus margin approach Extended warranty service Over the course of the extended warranty period (over time) At the beginning of the contract period Estimated using a cost-plus margin approach Disaggregation of Revenue The Company disaggregates revenue from contracts with customers into product revenues and services revenues. Trade Accounts Receivable and Contract Balances We classify our right to consideration in exchange for goods and services as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional (i.e., only the passage of time is required before payment is due). We present such receivables in trade accounts receivable, net in the accompanying consolidated balance sheet at their net estimated realizable value. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of receivables that will not be collected. If warranted, the allowance is increased by the Company's provision for doubtful accounts, which is charged against income. All recoveries on receivables previously charged off are included in income, while direct charge-offs of receivables are deducted from the allowance. A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets are presented as unbilled accounts receivable in the accompanying consolidated balance sheet. For example, we would record a contract asset if we record revenue on a professional services engagement, but are not entitled to bill until we achieve specified milestones. Our contract assets and refund liabilities are reported in a net position on a contract basis at the end of each reporting period. Refund liabilities are consideration received in advance of the satisfaction of performance obligations. Contract Fulfillment Costs The Company evaluates whether or not we should capitalize the costs of fulfilling a contract. Such costs would be capitalized when they are not within the scope of other standards and: (1) are directly related to a contract; (2) generate or enhance resources that will be used to satisfy performance obligations; and (3) are expected to be recovered. As of March 31, 2022 and 2021, there was approximately $0.6 million and $3.2 million, respectively, of contract fulfillment costs which are presented in the accompanying consolidated balance sheets as prepaid and other current assets. These costs primarily relate to the satisfaction of performance obligations related to the set up of SaaS platforms. These costs are amortized on a straight-line basis over the estimated useful life of the SaaS platform. Due to delays in the completion of a software development contract with a customer, the Company recorded an estimated loss on the contract. During the twelve months ended March 31, 2022, the Company has recorded approximately $3.4 million, charged to cost of sales, of which approximately $0.9 million related to previously capitalized software development costs and the remainder reduced the balance of the related contract fulfillment costs. The estimates and assumptions used in these assessments were based upon management's judgment and may be subject to change as new events occur and additional information is obtained. In particular, there remains uncertainty with regards to the additional costs required to fulfill the Company's obligations with regards to the contract. If the future estimated costs to fulfill this contract exceed current estimates, the Company's financial condition, cash flows, and results of operations may be materially impacted. Transaction Price Allocated to the Remaining Performance Obligations As of March 31, 2022 and 2021, the aggregate amount of transaction price allocated to remaining performance obligations was immaterial, primarily as a result of termination provisions within our contracts, which make the duration of the accounting term of the contract one year or less. Practical Expedients and Exemptions T&M and CPFF contracts are considered variable consideration. However, performance obligations with an underlying fee type of T&M or CPFF qualify for the "Right to Invoice" Practical Expedient under ASC 606-10-55-18. Under this practical expedient, the Company is not required to estimate such variable consideration upon inception of the contract and reassess the estimate each reporting period. The Company utilizes the practical expedient under ASC 606-10-50-14 of not disclosing information about its remaining performance obligations for contracts with an original expected duration (i.e., contract term, determined based on the analysis of termination provisions described above) of 12 months or less. The Company pays sales commissions on certain sales contracts. These costs are accrued in the same period that the revenues are recorded. Using the practical expedient under ASC 340-40-25-4, the Company recognizes the incremental costs of obtaining a contract as an expense when incurred since the amortization period of the asset that the Company otherwise would have recognized is one year or less. The Company utilizes the practical expedient under ASC 606-10-25-18B to account for shipping and handling as fulfillment costs, and not a promised service (a revenue element). Shipping and handling costs are included as cost of revenues in the period during which the products ship. The Company excludes from the transaction price all sales taxes that are assessed by a governmental authority and that are imposed on and concurrent with a specific revenue-producing transaction and collected from a customer (for example, sales, use, value added, and some excise taxes). This employs the practical expedient under ASC 606-10-32-2A. Sales taxes are presented on a net basis (excluded from revenues) in the accompanying consolidated statements of operations. Deferred Revenue Deferred revenue in the accompanying consolidated balance sheets is comprised of billings and consideration received in advance of the satisfaction of performance obligations. Concentration of Credit Risk Financial instruments that potentially subject us to a concentration of credit risk consist principally of cash and cash equivalents and trade accounts receivable. Cash and cash equivalents consist primarily of demand deposits and money market funds maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with high quality financial institutions, and therefore are believed to have minimal credit risk. Our accounts receivable are primarily derived from billings with customers located throughout North America, as well as in Europe, South America and Asia. We generally do not require collateral or other security from our domestic customers. We maintain an allowance for doubtful accounts for potential credit losses, which losses have historically been within management's expectations. We currently have, and historically have had, a diverse customer base. For the fiscal years ended March 31, 2022 ("Fiscal 2022"), March 31, 2021 ("Fiscal 2021"), and March 31, 2020 ("Fiscal 2020"), no individual customer represented greater than 10% of our total revenues. As of March 31, 2022 and 2021, no individual customer represented greater than 10% of our total accounts receivable. Fair Values of Financial Instruments The accounting guidance provided in ASC 820, Fair Value Measurements ("ASC 820") for fair value provides a framework for measuring fair value, clarifies the definition of fair value, and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows: Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. Level 2—Observable inputs other than quoted prices in active markets for identical assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Inputs that are generally unobservable and typically reflect management's estimate of assumptions that market participants would use in pricing the assets or liabilities. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company applies fair value accounting for all financial instruments on a recurring basis. The Company's financial instruments, which include cash, cash equivalents, accounts receivable and accounts payable are recorded at their carrying amounts, which approximate their fair values due to their short-term nature. All marketable securities are considered to be available-for-sale and recorded at their estimated fair values. In valuing these items, the Company uses inputs and assumptions that market participants would use to determine their fair value, utilizing valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents consist of cash and short-term investments with initial maturities of 90 days or less. As of March 31, 2022 and 2021 restricted cash was $0.1 million and $0.3 million, respectively, related to cash restricted for shares purchased under the Employee Stock Purchase Plan ("ESPP") (see Note 10 for further details on the ESPP). Cash, cash equivalents and restricted cash presented in the accompanying statements of cash flows consist of the following (in thousands): March 31, 2022 2021 Cash and cash equivalents $ 23,689 $ 25,205 Restricted cash 120 263 $ 23,809 $ 25,468 Investments The Company's investments are classified as either held-to-maturity, available-for-sale or trading, in accordance with ASC 320. Held-to-maturity securities are those securities that the Company has the positive intent and ability to hold until maturity. Trading securities are those securities that the Company intends to sell in the near term. All other securities not included in the held-to-maturity or trading category are classified as available-for-sale. Held-to-maturity securities are recorded at amortized cost which approximates fair market value. Trading securities are carried at fair value with unrealized gains and losses charged to earnings. Available-for-sale securities are carried at fair value with unrealized gains and losses recorded within accumulated other comprehensive loss as a separate component of stockholders' equity. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available (see Note 5). The Company had no investments as of March 31, 2022. As of March 31, 2021, all of our investments were available-for-sale. Under ASC 320-10-35, a security is considered to be other-than-temporarily impaired if the present value of cash flows expected to be collected are less than the security's amortized cost basis (the difference being defined as the "Credit Loss") or if the fair value of the security is less than the security's amortized cost basis and the investor intends, or will be required, to sell the security before recovery of the security's amortized cost basis. If an other-than-temporary impairment exists, the charge to earnings is limited to the amount of Credit Loss if the investor does not intend to sell the security, and will not be required to sell the security before recovery of the security's amortized cost basis. Any remaining difference between fair value and amortized cost is recognized in other comprehensive loss, net of applicable taxes. The Company evaluates whether the decline in fair value of its investments is other-than-temporary at each quarter-end. This evaluation consists of a review by management, and includes market pricing information and maturity dates for the securities held, market and economic trends in the industry and information on the issuer's financial condition and, if applicable, information on the guarantors' financial condition. Factors considered in determining whether a loss is temporary include the length of time and extent to which the investment's fair value has been less than its cost basis, the financial condition and near-term prospects of the issuer and guarantors, including any specific events which may influence the operations of the issuer and the Company's intent and ability to retain the investment for a reasonable period of time sufficient to allow for any anticipated recovery of fair value. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded net of the allowance for doubtful accounts. The allowance for doubtful accounts is estimated based on the Company's assessment of its ability to collect on customer accounts receivable. The collectability of our accounts receivable is evaluated through review of outstanding invoices and ongoing credit evaluations of our customers' financial condition. In cases where we are aware of circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, we will record an allowance against amounts due, and thereby reduce the net recognized accounts receivable to the amount we reasonably believe will be collected. The Company writes-off accounts receivable against the allowance when a determination is m

Supplementary Financial Informa

Supplementary Financial Information	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary Financial Information	Supplementary Financial Information Inventories The following table presents details regarding our inventories: March 31, 2022 2021 (In thousands) Materials and supplies $ 5,680 $ 2,714 Work in process 200 435 Finished goods 2,100 1,917 $ 7,980 $ 5,066 Property and Equipment, net The following table presents details of our property and equipment, net: March 31, 2022 2021 (In thousands) Equipment $ 6,825 $ 6,806 Leasehold improvements 3,117 3,046 Accumulated depreciation (8,550) (7,929) $ 1,392 $ 1,923 Depreciation expense was approximately $0.8 million, $0.7 million and $0.8 million in Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. Approximately $0.2 million, $0.2 million, and $0.3 million of the depreciation expense was recorded to cost of revenues, and approximately $0.6 million, $0.5 million, and $0.5 million was recorded to operating expenses in Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively, in the accompanying consolidated statements of operations. Intangible Assets The following table presents details regarding our intangible assets: March 31, 2022 March 31, 2021 Gross Accumulated Net Gross Accumulated Net (In thousands) Technology $ 4,986 $ (2,519) $ 2,467 $ 4,986 $ (1,594) $ 3,392 Customer contracts / relationships 9,550 (2,959) 6,591 9,550 (1,547) 8,003 Trade names and non-compete agreements 782 (753) 29 782 (683) 99 Capitalized software development costs 5,900 (3,207) 2,693 5,177 (2,374) 2,803 Total $ 21,218 $ (9,438) $ 11,780 $ 20,495 $ (6,198) $ 14,297 Amortization expense for intangible assets subject to amortization was approximately $3.2 million, $2.0 million and $1.3 million for Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. Approximately $0.6 million, $0.5 million and $0.5 million of the intangible asset amortization was recorded to cost of revenues, and approximately $2.7 million, $1.5 million and $0.8 million was recorded to amortization expense for Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively, in the consolidated statements of operations. The weighted average remaining useful lives of the intangible assets as of March 31, 2022 is 4.2 years. We have one indefinite useful life intangible asset, with de minimis carrying value, which was included in trade names and non-complete agreements. Our net customer contracts/relationships have a useful life of 6 years. Our net trade names and non-compete agreements have a useful life of 3 years. Our net capitalized software development costs of approximately $2.7 million and $2.8 million primarily consisted of our Oracle Enterprise Resource Planning system design and implementation of approximately $1.4 million and $1.7 million as of March 31, 2022 and 2021, respectively, which has a useful life of 10 years. As of March 31, 2022, the future estimated amortization expense is as follows: Year Ending March 31, (In thousands) 2023 3,198 2024 3,021 2025 2,538 2026 1,298 2027 1,095 Thereafter 618 $ 11,768 The future estimated amortization expense does not include the indefinite useful life intangible asset described above. Goodwill The following table presents the carrying value of our goodwill for Fiscal 2022, Fiscal 2021 and Fiscal 2020: Total Balance—March 31, 2022 Goodwill $ 36,310 Acquired goodwill (see Note 12) — Accumulated impairment losses (7,970) $ 28,340 Balance—March 31, 2021 Goodwill $ 28,560 Acquired goodwill (see Note 12) 7,750 Accumulated impairment losses (7,970) $ 28,340 Balance—March 31, 2020 Goodwill $ 23,120 Acquired goodwill (Note 12) 5,440 Accumulated impairment losses (7,970) $ 20,590 Warranty Reserve Activity The following table presents activity with respect to the warranty reserve: Year Ended March 31, 2022 2021 2020 (In thousands) Balance at beginning of fiscal year $ 569 $ 416 $ 463 Additions charged to cost of sales 238 508 649 Warranty claims (191) (355) (696) Balance at end of fiscal year $ 616 $ 569 $ 416 Earnings Per Share The following table sets forth the computation of basic and diluted income (loss) from continuing operations per share: Year Ended March 31, 2022 2021 2020 (In thousands, except per Numerator: Net income (loss) from continuing operations $ (6,900) $ 491 $ (1,758) Net income (loss) from discontinued operations, net of tax (180) 9,643 (3,852) Net income (loss) $ (7,080) $ 10,134 $ (5,610) Denominator: Weighted average common shares used in basic computation 42,222 41,176 39,012 Dilutive stock options — 423 — Weighted average common shares used in diluted computation 42,222 41,599 39,012 Basic: Net income (loss) per share from continuing operations: $ (0.16) $ 0.01 $ (0.04) Net income (loss) per share from discontinued operations: $ — $ 0.23 $ (0.10) Net income (loss) per basic share $ (0.16) $ 0.24 $ (0.14) Diluted: Net income (loss) per share from continuing operations: $ (0.16) $ 0.01 $ (0.04) Net income (loss) per share from discontinued operations: $ — $ 0.23 $ (0.10) Net income (loss) per diluted share $ (0.16) $ 0.24 $ (0.14) The following instruments were excluded for purposes of calculating weighted average common share equivalents in the computation of diluted income (loss) per share from continuing operations as their effect would have been anti-dilutive for the years ended March 31, 2022, 2021, and 2020: Year Ended March 31, 2022 2021 2020 (In thousands) Stock options 3,857 3,935 6,190 Restricted stock units 386 126 110

Discontinued Operations

Discontinued Operations	12 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On May 5, 2020, the Company completed the sale of substantially all of our assets used in connection with our Agriculture and Weather Analytics business to DTN, an operating company of TBG AG, a Swiss-based holding company, pursuant to the AWA Purchase Agreement signed on May 2, 2020, in exchange for a total purchase consideration of $12.0 million in cash, subject to working capital adjustments. Upon closing, the Company received $10.5 million in cash and $1.5 million of payment was deferred. DTN paid the Company $1.45 million at the 12-month anniversary of the closing date, and $0.05 million at the 18-month anniversary of the closing date. The parties also entered into certain ancillary agreements at the closing of the transaction that will provide Iteris with ongoing access to weather and pavement data that it integrates into its transportation software products, and a joint development agreement under which the parties agreed to pursue future joint opportunities in the global transportation market. The sale of the Agriculture and Weather Analytics business was a result of the Company’s shift in strategy to focus on its smart mobility infrastructure management solutions and to capitalize on the potential for a future partnership upon the sale of this business component to DTN. We have determined that the Agriculture and Weather Analytics business, which constituted one of our operating segments prior to first quarter of Fiscal 2021, qualifies as a discontinued operation in accordance with the criteria set forth in ASC 205-20, Presentation of Financial Statements – Discontinued Operations. On May 5, 2020, the Company also entered into a transition services agreement (“TSA”) with DTN, pursuant to which the Company agreed to support the information technology and accounting functions of the Agriculture and Weather Analytics business for a period up to 12 months and DTN agreed to provide the contract administration/account management services for certain contracts of the Company and other transition services. Either party may make any reasonable request to extend the period of time the other party shall provide a transition service beyond the initial service period or access to additional services that are necessary for the transition of the operations and business. The income and costs associated with the TSA for the year ended March 31, 2022 were de minimis, as compared to approximately $0.2 million in income and approximately $0.1 million in costs for the year ended March 31, 2021, which were included in Other income (expense) on the accompanying consolidated statement of operations. The related assets and liabilities of the Agriculture and Weather Analytics business were reclassified to assets and liabilities of discontinued operations as of March 31, 2022 and March 31, 2021 on the accompanying consolidated balance sheets. The following table is a summary of major classes of assets and liabilities of discontinued operations: March 31, 2022 March 31, 2021 (In thousands) Assets Trade accounts receivable, net of allowance for doubtful accounts $ — $ — Unbilled accounts receivable — — Prepaid expenses and other current assets — — Total current assets of discontinued operations — — Property and equipment, net $ — — Right-of-use assets 6 78 Other classes of assets that are not major — — Total noncurrent assets of discontinued operations 6 78 Total assets of discontinued operations $ 6 $ 78 Liabilities Trade accounts payable $ — $ — Accrued liabilities — — Accrued payroll and related expenses 63 — Deferred revenue — — Current Lease Liabilities 100 94 Total current liabilities of discontinued operations 163 94 Noncurrent Lease liabilities 172 261 Total liabilities of discontinued operations $ 335 $ 355 The results of operations for the Agriculture and Weather Analytics business were included in net income (loss) from discontinued operations on the accompanying consolidated statements of operations. The following table provides information regarding the results of discontinued operations: Year Ended March 31, 2022 2021 2020 Service revenue $ — $ 695 $ 6,714 Cost of service revenues — 350 2,566 Gross profit — 345 4,148 Operating expenses: Selling, general and administration 180 780 3,718 Research and development — 407 4,282 Restructuring charges — 837 — Total operating expenses 180 2,024 8,000 Operating loss from discontinued operations (180) (1,679) (3,852) Other income, net — 72 — Loss from discontinued operation before income tax (180) (1,607) (3,852) Income tax expense (47) — Net loss from discontinued operations (180) (1,654) (3,852) Gain on disposal of discontinued operations before income tax — 11,315 — Income tax expense on gain on disposal — (18) — Gain on disposal of discontinued operations after income tax — 11,297 — Net income (loss) from discontinued operations $ (180) $ 9,643 $ (3,852) The following table provides information on the gain recorded on the sale of the Agriculture and Weather Analytics business for the year ended March 31, 2021. These amounts reflect the closing balance sheet of the Agriculture and Weather Analytics business upon the closing of the sale on May 5, 2020 (in thousands). Initial proceeds from sale, net of transaction costs $ 9,440 Closing working capital adjustment 250 Deferred payments of purchase price 1,500 Total consideration, net of transaction costs 11,190 Trade accounts receivable, net of allowance for doubtful accounts 1,060 Unbilled accounts receivable 488 Other classes of assets that are not major 194 Total Agriculture and Weather Analytics business assets 1,742 Trade accounts payable 349 Deferred revenue 1,518 Total Agriculture and Weather Analytics business liabilities 1,867 Gain on sale of Agriculture and Weather Analytics business $ 11,315 The initial proceeds were net of transaction costs of approximately $1.1 million.

Restructuring Activities

Restructuring Activities	12 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring Activities	Restructuring ActivitiesOn April 30, 2020, in connection with the sale of the Agriculture and Weather Analytics business, the Board of Directors of Iteris, Inc. approved restructuring activities to better position the Company for increased profitability and growth, and the Company incurred total restructuring charges of approximately $1.5 million, primarily resulting from a separation for certain employees who did not transition to DTN, additional positions that were eliminated to right-size the cost structure of the Company and lease impairment related to our Grand Forks, North Dakota facility. As of March 31, 2022, we did not accrue any amounts for severance and benefits related to the restructuring activities in accrued payroll and related expenses in the accompanying consolidated balance sheet. Our restructuring activities during the fiscal year ended March 31, 2022 were as follows (in thousands): Balance at March 31, 2021 $ 100 Cash payments (79) Adjustment to estimated expenses (21) Balance at March 31, 2022 $ —

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	. Fair Value Measurements We did not have any material financial assets or liabilities measured at fair value on a recurring basis using Level 3 inputs as of March 31, 2022 or 2021. Our non-financial assets, such as goodwill, intangible assets, property and equipment, securities held in the deferred compensation plan and the liabilities associated with the deferred compensation plan, and acquired assets and liabilities assumed are measured at fair value on a non-recurring basis, generally when there is a transaction involving those assets. In Fiscal 2022, Fiscal 2021 and Fiscal 2020, Level 3 inputs were used to evaluate the fair value of the contingent consideration and goodwill of the Company. No other non-financial assets were measured at fair value as of March 31, 2022 and March 31, 2021. The following tables present the Company's financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy: As of March 31, 2022 Amortized Gross Gross Estimated Assets: (In thousands) Level 1: Money market funds $ 71 $ — $ — $ 71 Securities held in deferred compensation plan (1) 998 (106) 73 965 Subtotal 1,069 (106) 73 1,036 Level 2: Commercial paper 7,499 — — 7,499 Corporate notes and bonds — — — — US treasuries 7,798 — — 7,798 Subtotal 15,297 — — 15,297 Total $ 16,366 $ (106) $ 73 $ 16,333 Liabilities: Level 1: Deferred compensation plan liabilities (2) $ 1,013 $ (106) $ 72 $ 979 Level 3: Contingent consideration (3) 600 — — — 600 Total $ 1,613 $ (106) $ 72 $ 1,579 As of March 31, 2021 Amortized Gross Gross Estimated (In thousands) Level 1: Money market funds $ 4,676 $ — $ — $ 4,676 Securities held in deferred compensation plan (1) 89 — 11 100 Subtotal 4,765 — 11 4,776 Level 2: Commercial paper 4,999 — — 4,999 Corporate notes and bonds 1,085 — — 1,085 US treasuries 4,600 — — 4,600 Subtotal 10,684 — — 10,684 Total $ 15,449 $ — $ 11 $ 15,460 Liabilities: Level 1: Deferred compensation plan liabilities (2) $ 100 $ — $ 11 $ 111 Level 3: Contingent consideration (3) $ 600 $ — $ — $ 600 Total $ 700 $ — $ 11 $ 711 (1) Included in prepaid expenses and other current assets on the Company’s consolidated balance sheet. (2) Included in accrued payroll and related expenses on the Company’s consolidated balance sheet. (3) Included in other long-term liabilities on the Company’s consolidated balance sheet. Unrealized losses related to these investments are due to interest rate fluctuations as opposed to credit quality. In addition, we do not intend to sell, and it is not more likely than not that we would be required to sell, these investments before recovery of their cost basis. As a result, there is no other-than-temporary impairment for these investments as of March 31, 2022.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of current and deferred federal and state income tax (benefit) provision are as follows: Year Ended March 31, 2022 2021 2020 (In thousands) Income (loss) from continuing operations before income taxes $ (6,726) $ 606 $ (1,598) Current income tax provision: Federal — 0 — State 75 67 34 Total current tax provision 75 67 34 Deferred income tax provision: Federal 33 21 105 State 66 27 21 Total deferred tax provision 99 48 126 Provision for income taxes on continuing operations 174 115 160 Income (loss) from continuing operations, net of taxes $ (6,900) $ 491 $ (1,758) The reconciliation of our income tax (benefit) provision to taxes computed at U.S. federal statutory rates is as follows: Year Ended March 31, 2022 2021 2020 (In thousands) Provision (benefit) for income taxes at statutory rates $ (1,422) $ 90 $ (1,095) State income taxes net of federal benefit (559) (177) (198) Tax credits (141) (663) (658) Compensation charges 34 313 151 Change in valuation allowance 2,169 523 1,913 Other 93 29 47 Provision for income taxes $ 174 $ 115 $ 160 The components of deferred tax assets and liabilities are as follows: March 31, 2022 2021 (In thousands) Deferred tax assets: Net operating losses $ 3,980 $ 2,186 Capitalized R&D 1,808 2,282 Credit carry forwards 4,530 4,088 Deferred compensation and payroll 2,902 2,475 Bad debt allowance and other reserves 1,299 930 Property and equipment 297 354 Acquired intangibles 129 — Other, net 171 765 Total deferred tax assets 15,116 13,080 Valuation allowance (14,552) (12,349) Total deferred tax assets, net of valuation allowance 564 731 Deferred tax liabilities: Acquired intangibles — (297) Goodwill (901) (672) Total deferred tax liabilities (901) (969) Net deferred tax liabilities $ (337) $ (238) At March 31, 2022, we had $3.3 million in federal research credits that begin to expire in 2031 and $1.5 million in state tax credits that begin to expire in 2023. We had $16.0 million of federal net operating loss carryforwards at March 31, 2022 that do not expire as a result of recent tax law changes. We also had $9.9 million of state net operating loss carryforwards at March 31, 2022 that begin to expire in 2031. In assessing the realizability of our deferred tax assets, we review all available positive and negative evidence, including reversal of deferred tax liabilities, potential carrybacks, projected future taxable income, tax planning strategies and recent financial performance. As the Company has sustained a cumulative pre-tax loss over the trailing three years, we considered it appropriate to maintain valuation allowances of $14.6 million and $12.3 million against our deferred tax assets at March 31, 2022 and 2021, respectively. We intend to continue maintaining a full valuation allowance on our deferred tax assets until there is sufficient evidence to support the reversal of all or some portion of these allowances. However, given our current earnings and anticipated future earnings, we believe that there is a reasonable possibility that within the next 12 months, sufficient positive evidence may become available to allow us to reach a conclusion that a significant portion of the valuation allowance will no longer be needed. Release of the valuation allowance would result in the recognition of certain deferred tax assets and a decrease to income tax expense for the period the release is recorded. However, the exact timing and amount of the valuation allowance release are subject to change on the basis of the level of profitability that we are able to actually achieve. On March 27, 2020, the CARES Act was enacted in response to the Pandemic. The CARES Act contains numerous income tax provisions, such as relaxing limitations on the deductibility of interest and the use of net operating losses arising in taxable years beginning after December 31, 2017. The income tax provisions of the CARES Act had an immaterial impact on our current taxes, deferred taxes, and uncertain tax positions of the Company in the year ended March 31, 2022. The CARES Act also allows for the deferral of payroll taxes, as well as the immediate refund of federal Alternative Minimum Tax credits, which had previously been made refundable over a period of four years by the Tax Cuts and Jobs Act of 2017. The Company is utilizing the provision of the CARES Act allowing for the deferral of payroll taxes as of March 31, 2022. Unrecognized Tax Benefits As of March 31, 2022 and 2021, our gross unrecognized tax benefits were approximately $1.2 million and $1.1 million, respectively, of which approximately $1.1 million and $1.0 million, respectively, are netted against certain noncurrent deferred tax assets. The amounts that would affect our effective tax rate if recognized are approximately $1.1 million and $1.0 million, respectively. A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows: Year Ended March 31, 2022 2021 2020 (In thousands) Gross unrecognized tax benefits at beginning of year $ 1,079 $ 952 $ 687 Increases for tax positions taken in prior years — 35 101 Decreases for tax positions taken in prior years (29) — — Increases for tax positions taken in the current year 159 104 180 Lapse in statute of limitations (11) (12) (16) Gross unrecognized tax benefits at March 31 $ 1,198 $ 1,079 $ 952 We do not anticipate a significant change in gross unrecognized tax benefits within the next twelve months. We are subject to taxation in the U.S. and various state tax jurisdictions. We are subject to U.S. federal tax examination for fiscal tax years ended March 31, 2019 or later, and state and local income tax examination for fiscal tax years ended March 31, 2018 or later. However, if net operating loss carryforwards that originated in earlier tax years are utilized in the future, the amount of such NOLs from such earlier years remain subject to review by tax authorities.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Other Contingencies As a provider of traffic engineering services, hardware products, software and other various solutions for the traffic and agricultural industries, the Company is, and may in the future from time to time, be involved in litigation relating to claims arising out of its operations in the normal course of business. While the Company cannot accurately predict the outcome of any such litigation, the Company is not a party to any legal proceeding, the outcome of which, in management's opinion, individually or in the aggregate, would have a material effect on the Company's consolidated results of operations, financial position or cash flows.

Right-of-Use Assets and Lease L

Right-of-Use Assets and Lease Liabilities	12 Months Ended
	Mar. 31, 2022
Lessee Disclosure [Abstract]
Right-of-Use Assets and Lease Liabilities	Right-of-Use Assets and Lease LiabilitiesWe have various operating leases for our offices, office equipment and vehicles in the United States. These leases expire at various times through 2029. Certain lease agreements contain renewal options from 1 year to 5 years, rent abatement, and escalation clauses that are factored into our determination of lease payments when appropriate. The table below presents lease-related assets and liabilities recorded on the consolidated balance sheet as follows: Classification March 31, 2022 (In thousands) Assets Operating lease right-of-use-assets - continuing operations Right-of-use assets $ 11,382 Operating lease right-of-use-assets - discontinued operation Noncurrent assets of discontinued operations 6 Total operating lease right-of-use-assets $ 11,388 Liabilities Operating lease liabilities (short-term) - continuing operations Accrued liabilities $ 1,447 Operating lease liabilities (short-term) - discontinued operation Current liabilities of discontinued operations 100 Total operating lease liabilities (short-term) 1,547 Operating lease liabilities (long-term) - continuing operations Lease liabilities 10,763 Operating lease liabilities (long-term) - discontinued operation Noncurrent liabilities of discontinued operations 172 Total operating lease liabilities (long-term) 10,935 Total operating lease liabilities $ 12,482 Lease Costs For Fiscal 2022, Fiscal 2021 and Fiscal 2020, lease costs totaled approximately $2.9 million, $2.7 million and $2.6 million, respectively. The Company currently has no variable lease costs. Supplemental Information The table below presents supplemental information related to operating leases during the fiscal year ended March 31, 2022 (in thousands, except weighted average information): Cash paid for amounts included in the measurement of operating lease liabilities $ 2,795 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,544 Weighted average remaining lease term 5 Weighted average discount rate 4.8 % Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of March 31, 2022: Fiscal Year Ending March 31, Operating Leases Sublease Income Net Operating Leases (In thousands) 2023 $ 2,114 $ 9 $ 2,105 2024 2,809 — 2,809 2025 2,587 — 2,587 2026 2,336 — 2,336 2027 2,391 — 2,391 Thereafter 2,097 — 2,097 Total lease payments 14,334 $ 9 $ 14,325 Less imputed interest (1,852) Present value of future lease payments 12,482 Less current obligations under leases (1,547) Long-term lease obligations $ 10,935

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity Preferred Stock Our certificate of incorporation provides for the issuance of up to 2,000,000 shares of preferred stock. Our Board of Directors is authorized to issue from time to time such authorized but unissued shares of preferred stock in one or more series and to fix or alter the designations, preferences, rights and any qualifications, limitations or restrictions of the shares of each such series, including the dividend, conversion, voting, redemption and liquidation rights. As of March 31, 2022 and 2021, there were no outstanding shares of preferred stock, and we do not currently have plans to issue any shares of preferred stock. In August 2009, our Board of Directors adopted a stockholder rights plan, which calls for preferred stock purchase rights (each, a "Right") to be distributed, as a dividend, at the rate of one Right for each share of common stock held as of September 3, 2009. Each Right will entitle holders of common stock to buy one one-thousandth of one share of Series A Junior Participating Preferred Stock of Iteris. A further description and terms of the Rights are set forth in the Rights Agreement dated August 20, 2009 (as amended in August 2012) by and between Iteris and Computershare Trust Company, N.A. ("Computershare"), as rights agent. In connection with the stockholder rights plan, our Board of Directors approved the adoption of a Certificate of Designations, which created the Series A Junior Participating Preferred Stock, and likewise authorized the filing of a Certification of Elimination to eliminate the two series of junior participating preferred stock, which were originally created in April 1998 in connection with our previous stockholder rights plan which expired in 2008. Effective on September 28, 2018, an amendment was entered into by and between Iteris and Computershare to accelerate the expiration of the Rights from August 20, 2019 to September 28, 2018, wherein all of the Rights distributed to the holders of the Company's common stock pursuant to the Rights Agreement expired. Common Stock Reserved for Future Issuance The following summarizes common stock reserved for future issuance at March 31, 2022: Number of Shares (In thousands) Stock options outstanding 5,943 Restricted stock units outstanding 451 Performance stock units outstanding 115 Authorized for future issuance under stock incentive plans 2,990 Total common stock reserved for future issuance at March 31, 2022 9,499

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Employee Benefit Plans	Employee Benefit Plans Stock Incentive Plans In September 2007, our stockholders approved the 2007 Omnibus Incentive Plan (the "2007 Plan"), which provides that options to purchase shares of our unissued common stock may be granted to our employees, officers, consultants and directors at exercise prices which are equal to or greater than the market value of our common stock on the date of grant. The 2007 Plan also allows for the issuance of stock appreciation rights, restricted stock, restricted stock units ("RSUs") and other stock-based awards based on the value of our common stock. New shares are issued to satisfy stock option exercises and share issuances under the 2007 Plan. In September 2009, our stockholders approved an amendment to increase the number of shares of our common stock authorized and reserved for issuance under the 2007 Plan by 800,000 shares to a total of 1,650,000 shares. In September 2012, our stockholders approved an amendment to increase the number of shares of our common stock authorized and reserved for issuance under the 2007 Plan by 800,000 shares to a total of 2,450,000 shares. In October 2014, our stockholders approved an amendment of the 2007 Plan to increase the number of shares of common stock authorized for issuance under the 2007 Plan by an additional 1,500,000 shares to a total of 3,950,000 shares. In September 2015, our stockholders approved an amendment of the 2007 Plan to increase the number of shares of common stock authorized for issuance under the 2007 Plan by an additional 1,000,000 shares to a total of 4,950,000 shares. In December 2016, our stockholders approved the 2016 Omnibus Incentive Plan (the "2016 Plan") which allows for the issuance of stock options, stock appreciation rights, restricted stock, RSUs, cash incentive awards and other stock-based awards to our employees, officers, consultants and directors at exercise prices which are equal to or greater than the market value of our common stock on the date of grant. Options expire no more than ten years after the date of grant and generally vest at the rate of 25% on each of the first 4 years anniversaries of the grant date. Stock appreciation rights, restricted stock, RSUs and other stock-based awards are based on the value of our common stock. New shares are issued to satisfy stock option exercises and share issuances under the 2016 Plan. In September 2021, our stockholders approved an amendment of the 2016 Plan to increase the number of shares of common stock authorized for issuance under the 2016 Plan by an additional 3,360,000 shares. We currently maintain two stock incentive plans, the 2007 Omnibus Incentive Plan (the "2007 Plan") and the 2016 Omnibus Incentive Plan (the "2016 Plan"). Of these plans, we may only grant future awards from the 2016 Plan. The 2016 Plan allows for the issuance of stock options, stock appreciation rights, restricted stock, restricted stock units ("RSUs"), cash incentive awards and other stock-based awards. At March 31, 2022, there were approximately 3.0 million shares of common stock available for grant or issuance under the 2016 Plan. Total stock options vested and expected to vest were approximately 5.9 million as of March 31, 2022. Stock Options A summary of activity in the Omnibus Incentive Plans with respect to our stock options for Fiscal 2022 is as follows: Options Weighted Weighted Aggregate (In thousands) (Years) (In thousands) Options outstanding at March 31, 2021 5,623 $ 4.10 6.8 11,659 Granted 932 4.95 Exercised (489) 2.89 Forfeited (123) 4.88 Expired — — Options outstanding at March 31, 2022 5,943 4.32 6.5 974 As of March 31, 2022, approximately 3,769,000 stock options were exercisable. Restricted Stock Units RSU awards are stock-based awards that entitle the holder to receive one share of our common stock for each RSU upon vesting. RSUs granted under the 2007 Plan vest at the rate of 25% on each of the first four (as defined by the 2016 Plan) as of the vesting date. The fair value per RSU is determined based on the closing market price of our common stock on the grant date. A summary of activity with respect to our RSUs for Fiscal 2022 is as follows: # of Shares Weighted Weighted Aggregate (In thousands) (Years) (In thousands) RSUs outstanding at March 31, 2021 448 $ 4.08 7.8 2,764 Granted 191 5.00 Vested (184) 4.92 Forfeited (4) 4.80 RSUs outstanding at March 31, 2022 451 4.12 7.5 1,271 Performance Stock Units The Company has granted a total "target" number of 132,403 PSUs to our executive officers. Between 0% and 160% of the PSUs will be eligible to vest based on average annual performance during the three-year performance period relative to the revenues per share and cash flow from operations objectives to be established by the Compensation Committee at the beginning of each year. In addition, the final PSU vesting based on the revenues per share and cash flow from operations performance will be subject to a modifier between .75x-1.25x based on the Company's total shareholder return relative to the Russell 2000 during the performance period, for a maximum achievement percentage of 200% of the "target" number of PSUs. The PSUs are amortized over a derived service period of 3 years. The value and the derived service period of the PSUs were estimated using the Monte-Carlo simulation model. The following table summarizes the details of the performance stock units: # of Shares Weighted Average Price Per Share (In thousands) PSUs outstanding at March 31, 2021 68 $ 5.47 Granted 64 7.26 Forfeited (17) 6.37 PSUs outstanding at March 31, 2022 115 6.33 Stock-Based Compensation The following table presents stock-based compensation expense that is included in each functional line item in our consolidated statements of operations: Year Ended March 31, 2022 2021 2020 (In thousands) Cost of revenues $ 242 $ 209 $ 143 General and Administrative 2,574 2,359 2,116 Sales and marketing 340 158 156 Research and development expense 245 134 81 Restructuring activities — 42 — Loss from discontinued operations — (57) 290 Total stock-based compensation $ 3,401 $ 2,845 $ 2,785 At March 31, 2022, there was approximately $4.6 million, $1.3 million and $0.4 million of unrecognized compensation expense related to unvested stock options, RSUs, and PSUs respectively. This expense is currently expected to be recognized over a weighted average period of approximately 2.8 years for stock options, 2.6 years for RSUs and 1.7 years for PSUs. If there are any modifications or cancellations of the underlying unvested awards, we may be required to accelerate, increase or cancel any remaining unearned stock-based compensation expense. Future stock-based compensation expense and unearned stock-based compensation will increase to the extent that we grant additional stock options, RSUs or other stock-based awards. The grant date fair value of stock options granted was estimated using the following weighted-average assumptions: Year Ended March 31, 2022 2021 2020 Expected life—years 7.2 6.7 6.8 Risk-free interest rate 1.5 % 1.0 % 2.2 % Expected volatility of common stock 49 % 47 % 47 % Dividend yield 0 % 0 % 0 % Expected Life: The Company's expected life represents the weighted-average period that the Company's stock options are expected to be outstanding. The expected life is based on expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns. Risk-Free Interest Rate: The risk-free interest rate is based on the U.S. Treasury zero coupon yield curve in effect at the time of grant for the expected term of the option. Expected Volatility: The Company uses historical volatility as it provides a reasonable estimate of the expected volatility. Historical volatility is based on the most recent volatility of the stock price over a period of time equivalent to the expected term of the option. A summary of certain fair value and intrinsic value information pertaining to our stock options is as follows: Year Ended March 31, 2022 2021 2020 (In thousands, except Weighted average grant date fair value per share of options granted $ 2.58 $ 2.38 $ 2.52 Intrinsic value of options exercised $ 1,966 $ 1,494 $ 378 Employee Incentive Programs Under the terms of a Profit Sharing Plan, we may contribute to a trust fund such amounts as determined annually by the Board of Directors. No contributions were made during the fiscal years ended March 31, 2022, 2021 and 2020. We sponsor a defined contribution 401(k) plan (the "401(k) Plan"), adopted in 1990, under which eligible employees voluntarily contribute to the plan, up to IRS maximums, through payroll deductions. We match up to 50% of contributions, up to a stated limit, with all matching contributions being fully vested after one month of service. Our matching contributions under the 401(k) Plan were approximately $1.8 million, $1.4 million and $1.3 million for Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. Other Stock-Based Compensation Plans Beginning January 1, 2018, the Company adopted an ESPP which allows employees to withhold a percentage of their base compensation to purchase the Company's common stock at 95% of the lower of the fair market at the beginning of the offering period and on the last trading day of the offering period. There are two offering periods during a calendar year, which consist of the six months beginning each January 1 and July 1. Employees may contribute 1-15% of their eligible gross pay up to a $0.03 million annual stock value limit. During Fiscal 2022, Fiscal 2021, and Fiscal 2020, 95,000, 97,000 and 91,000 shares, respectively, were purchased. The ESPP is considered a non-compensatory plan and accordingly no compensation expense is recorded in connection with this benefit. As of March 31, 2022, approximately $0.1 million of cash was restricted for the purchase of shares under the ESPP and is recorded as restricted cash in the accompanying consolidated balance sheets. Deferred Compensation Plan Effective October 1, 2020, the Company adopted the Iteris, Inc. Non Qualified Deferred Compensation Plan (the "DC Plan"). The DC Plan consists of two plans, one that is intended to be an unfunded arrangement for eligible key employees who are part of a select group of management or highly compensated employees of the Company within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, and one for the benefit of non-employee members of our Board of Directors. Key employees, including our executive officers, and our non-employee directors who are notified regarding their eligibility to participate and delivered the DC Plan enrollment materials are eligible to participate in the DC Plan. Under the DC Plan, we will provide participants with the opportunity to make annual elections to defer a percentage of their eligible cash compensation and equity awards. A participant is always 100% vested in his or her own elective cash deferrals and any earnings thereon. Elective deferrals of equity awards are credited to a bookkeeping account established in the name of the participant with respect to an equivalent number of shares of our common stock, and such credited shares are subject to the same vesting conditions as are applicable to the equity award subject to the election. The Company established a rabbi trust to finance our obligations under the DC Plan with corporate-owned life insurance policies on participants, and the assets held within this trust are subject to the claims of the Company's creditors. As of March 31, 2022, the amount invested under the DC Plan totaled approximately $1.0 million and are classified as trading securities, which are recorded at fair market value with changes recorded as adjustments to other income. This amount is included in prepaid expenses and other current assets on the consolidated balance sheets. As of March 31, 2022, the vested amounts under the DC Plan totaled $1.0 million and are included in accrued payroll and related expenses on the consolidated balance sheets. Changes in the deferred compensation plan liabilities are recorded as an adjustment to compensation expense. As of March 31, 2022, no equity awards were deferred and held in the rabbi trust. The shares deferred and held in the rabbi trust will be classified as treasury stock, and the liability to participating employees will be classified as deferred compensation obligations in the stockholders' equity section of the consolidated balance sheets. The number of shares needed to settle the liability for deferred compensation obligations will be included in the denominator in both the basic and diluted earnings per share calculations. Employment Inducement Incentive Plan On December 4, 2020, the Board of Directors approved the Iteris, Inc. 2020 Employment Inducement Incentive Award Plan (the “Inducement Plan”) in conjunction with the TrafficCast acquisition. The terms of the Inducement Plan are substantially similar to the terms of the Company’s 2016 Omnibus Incentive Plan with the exception that incentive stock options may not be granted under the Inducement Plan. The Inducement Plan was adopted by the Board of Directors without stockholder approval pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules. The Board of Directors has initially reserved 300,000 shares of the Company’s common stock for issuance pursuant to awards granted under the Inducement Plan. In accordance with Rule 5635(c)(4) of the Nasdaq Listing Rules, awards under the Inducement Plan may only be made to an employee who has not previously been an employee or member of the Board of Directors of the Company or any parent or subsidiary, or following a bona fide period of non-employment by the Company or a parent or subsidiary, and only if he or she is granted such award in connection with his or her commencement of employment with the Company or a subsidiary and such grant is an inducement material to his or her entering into employment with the Company or such subsidiary.

Stock Repurchase Program

Stock Repurchase Program	12 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program In August 2011, our Board of Directors approved a stock repurchase program pursuant to which we were authorized to acquire up to $3.0 million of our outstanding common stock from time to time through August 2012. We repurchased approximately 964,000 shares under this original program for a total purchase price of $1.3 million. On August 9, 2012, our Board of Directors cancelled the initial stock repurchase program and the approximate $1.7 million of remaining funds, and approved a subsequent stock repurchase program pursuant to which we could acquire up to $3.0 million of our outstanding common stock for an unspecified length of time. Under the program, we could repurchase shares from time to time in the open market and privately negotiated transactions and block trades, and could also repurchase shares pursuant to a 10b5-1 trading plan during our closed trading windows, to the extent such a 10b5-1 plan was in place. There was no guarantee as to the exact number of shares that would be repurchased. We could modify or terminate the repurchase program at any time without prior notice. On November 6, 2014, our Board of Directors approved a $3.0 million increase to the Company's existing stock repurchase program, pursuant to which the Company could continue to acquire shares of its outstanding common stock from time to time for an unspecified length of time. For our fiscal years ended March 31, 2022, 2021, and 2020 we did not repurchase any shares. From inception of the 2012 stock repurchase program through March 31, 2022, we repurchased approximately 2,458,000 shares of our common stock for an aggregate price of approximately $4.3 million, at an average price per share of $1.73. As of March 31, 2022, all repurchased shares have been retired and returned to their status as authorized and unissued shares of our common stock. As of March 31, 2022, prior to the termination of the 2012 repurchase program, approximately $1.7 million remained available for the repurchase of our common stock. On May 12, 2022 the Board of Directors retired the previously approved plan and approved a new plan for the company to acquire up to $10.0 million of our outstanding common stock for an unspecified length of time. Under the program, we may repurchase shares from time to time in the open market and privately negotiated transactions and block trades, and may also repurchase shares pursuant to a 10b5-1 trading plan during our closed trading windows, to the extent such a 10b5-1 plan is in place. There is no guarantee as to the exact number of shares that will be repurchased. We may modify or terminate the repurchase program at any time without prior notice.

Acquisitions

Acquisitions	12 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions TrafficCast Acquisition On December 7, 2020, the Company completed the acquisition of the assets of TrafficCast, a privately held company headquartered in Madison, Wisconsin that provides travel information technology, applications and content to media, mobile technology, automotive and public sector customers throughout North America. Under the TrafficCast Purchase Agreement, Iteris purchased from TrafficCast substantially all of the assets used in the conduct of the TrafficCast Business and assumed certain specified liabilities of the TrafficCast Business. The aggregate acquisition-date fair value of the consideration transferred totaled approximately $17.7 million, which consisted of the following: Fair Value (in thousands) Cash $ 15,000 Security hold back 1,000 Acquisition-related liabilities 1,131 Contingent consideration 600 Total $ 17,731 The security hold back relates to amounts held back as security for certain post-closing adjustments and post-closing indemnity obligations of TrafficCast, and is included in other long-term liabilities on the consolidated balance sheets. Acquisition-related liabilities include customary post-closing adjustments, as well as short term liabilities related to certain ancillary agreements that will provide Iteris with ongoing access to mapping and monitoring services. These items are included in accrued liabilities on the consolidated balance sheets. Contingent consideration relates to a $1.0 million earn out, that if earned, will be paid over two years based on the TrafficCast Business’ achievement of certain revenue targets. This item is included in other long-term liabilities on the consolidated balance sheets. The acquisition of TrafficCast has been accounted for as a business combination. We estimated the fair values of net assets acquired, and the excess of the consideration transferred over the aggregate of such fair values was recorded as goodwill. The following tables summarize the purchase price allocation (in thousands) as of December 7, 2020: Trade accounts receivable $ 2,087 Unbilled accounts receivable 596 Inventories 941 Right-of-use assets 193 Property and equipment 233 Intangible assets 9,500 Goodwill 7,750 Other assets 242 Total assets acquired 21,542 Accounts payable 1,026 Deferred revenue 2,460 Lease liabilities 193 Other liabilities 132 Total liabilities assumed 3,811 Total purchase price $ 17,731 The fair values of the TrafficCast assets and liabilities noted above approximate their carrying values at December 7, 2020. There was no difference between the fair value of trade accounts receivables and the gross contractual value of those receivables. There are no contractual cash flows related to these receivables that are not expected to be collected. The Company believes the goodwill related to the acquisition was a result of the ability of the Company to leverage its technology in the broader market, as well as offering cross-selling market exposure opportunities. Goodwill from the acquisition of TrafficCast was initially allocated to the Company's Roadway Sensors and Transportation Systems reporting segments and upon the reorganization described in Note 13, Business Segments, the goodwill has been reallocated to the Company's three new reporting units and will be included in the annual review for impairment. The goodwill is fully deductible for tax purposes. The significant intangible assets identified in the purchase price allocation include customer relationship and developed technology, which are amortized over their respective useful lives on a straight line basis which approximates the underlying cash flows. To value the customer relationships, the Company utilized the income approach, specifically a discounted cash-flow method known as the excess earnings method. The Company used the replacement cost method with consideration of opportunity costs to estimate the fair value of the technology. The fair value estimates are based on a complex series of judgments about future events and uncertainties and rely heavily on estimates and assumptions. We believe the assumptions are representative of those a market participant would use in estimating fair value. The following table presents the fair values and useful lives of the identifiable intangible assets acquired: Amount Weighted Average (in thousands) (in years) Customer relationships $ 5,800 7 Technology 3,700 4 Total intangible assets assumed $ 9,500 AGI Acquisition On July 2, 2019, the Company completed the acquisition of AGI, a privately-held professional transportation engineering services firm headquartered in Tampa, Florida, with offices in Orlando, Florida, Virginia Beach, Virginia and Chadds Ford, Pennsylvania. AGI assists municipalities in maximizing the effectiveness of their existing transportation networks through a collection of traffic management services to cost effectively improve the performance of roadway systems and address increased traffic demands, traffic congestion and delay. With a foundation of arterial timing plan development, AGI has expanded its services into active arterial monitoring and management with multiple public sector clients. AGI is expected to expand the Company's geographic footprint for ITS services in Florida, as well as in the Midwest and Mid-Atlantic region. AGI's typical contracts are for traffic operations professional engineering services focused on transportation systems management and operations. Pursuant to a Stock Purchase Agreement dated June 10, 2019 among the Company, AGI and the stockholders of AGI (the "Selling Shareholders"), the Company acquired all of the outstanding capital stock of AGI from the Selling Shareholders for an aggregate purchase price of $10.8 million, after working capital adjustments, payable in cash and stock, of which 114,943 shares were held in escrow for 18 months to secure performance of indemnification and other post-closing obligations of the Selling Shareholders. The acquisition of AGI has been accounted for as a business combination. We estimated the fair values of net assets acquired, and the excess of the consideration transferred over the aggregate of such fair values was recorded as goodwill. The following tables summarize the purchase price allocation (in thousands) as of July 2, 2019: Cash $ 664 Trade accounts receivable 905 Unbilled accounts receivable 347 Right-of-use assets 863 Property and equipment 357 Intangible assets 3,710 Goodwill 5,440 Other assets 161 Total assets acquired 12,447 Accounts payable (378) Accrued payroll and related expenses (426) Lease liabilities (863) Total liabilities assumed (1,667) Total purchase price $ 10,780 The fair values of the remaining AGI assets and liabilities noted above approximate their carrying values at July 2, 2019. There was no difference between the fair value of trade accounts receivables and the gross contractual value of those receivables. There are no contractual cash flows related to these receivables that are not expected to be collected. The Company believes the goodwill related to the acquisition was a result of the ability of the Company to leverage its technology in the broader market, as well as offering cross-selling market exposure opportunities. Goodwill from the acquisition of AGI was initially included within the Company's Transportation Systems reporting segment. The goodwill is fully deductible for tax purposes. The significant intangible assets identified in the purchase price allocation include customer relationships and non-compete agreements, which are amortized over their respective useful lives on a straight line basis which approximates the underlying cash flows. To value the customer relationships, the Company utilized the income approach, specifically a discounted cash-flow method known as the excess earnings method. The Company utilized the with and without method to derive the fair value of the non-compete agreement. The fair value estimates are based on a complex series of judgments about future events and uncertainties and rely heavily on estimates and assumptions. Varying discount rates were applied to the projected net cash flows and EBITDA as applicable to valuation methodology. We believe the assumptions are representative of those a market participant would use in estimating fair value. The following table presents the fair values and useful lives of the identifiable intangible assets acquired: Amount Weighted Average (in thousands) (in years) Customer relationships 3,500 6 Non-compete agreement 210 3 Total intangible assets assumed 3,710 Acquisition-Related Costs In connection with the acquisition of AGI, the Company agreed to grant $1.7 million in retention bonuses to the Selling Shareholders and other employees payable in the form of restricted stock units at $5.22 per share, and $0.6 million in retention bonuses payable in cash, each vesting and payable over three years following the closing, provided such employees remain in our service on the first, second and third anniversary of the closing of the acquisition. For the fiscal years ended March 31, 2022, 2021, and 2020, the Company recorded approximately $0.7 million, $0.7 million, and $1.0 million respectively, as stock- based compensation and salaries expense to selling, general and administrative expense in the consolidated statements of operations, related to these bonuses. In connection with the acquisition of AGI, the Company recorded approximately $0.7 million, in acquisition related professional fees, which was included in selling, general and administrative expense, in the consolidated statements of operations for the year ended March 31, 2020. In connection with the acquisition of TrafficCast, the Company recorded approximately $0.4 million in acquisition related professional fees, which was included in selling, general and administrative expense, in the consolidated statements of operations for the year ended March 31, 2021.

Business Segments, Significant

Business Segments, Significant Customer and Geographic Information	12 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Business Segments, Significant Customer and Geographic Information	Business Segments, Significant Customer and Geographic Information Business Segments In Fiscal 2021, the Company completed the sale of substantially all of the assets used in connection with the Agriculture and Weather Analytics segment to DTN in exchange for a total purchase consideration of $12.0 million. On April 30, 2020, in connection with the sale of the Agriculture and Weather Analytics business, the Board approved restructuring activities to better position the Company for increased profitability and growth. Restructuring charges of approximately $1.5 million were incurred in Fiscal 2021 for separation costs for certain employees who did not transition to DTN, additional positions that were eliminated to right-size the cost structure of the Company, and the impairment of certain lease-related assets. On December 6, 2020, the Company entered into an Asset Purchase Agreement with TrafficCast, a privately held company headquartered in Madison, Wisconsin that provides travel information technology, applications and content to customers throughout North America in the media, mobile technology, automotive and public sectors. Under the TrafficCast Purchase Agreement, the Company agreed to purchase from TrafficCast substantially all of its assets, composed of its travel information technology, applications and content. The transaction closed on December 7, 2020. After these two significant transactions in Fiscal 2021, the Company underwent a re-organization that was completed in April 2021. The purpose of this was to align the Company’s organization structure with its singular goal of providing best in-class smart mobility infrastructure management solutions to the marketplace. As a result of the reorganization, the Company's Chief Operating Decision Maker ("CODM"), which is our Chief Executive Officer, reviews the Company's results on a consolidated basis and our financial results are presented on a consolidated basis under a single reporting segment in order to provide the most accurate representation of Company's performance. Significant Customer and Geographic Information No individual customer or government agency had a receivable balance greater than 10% of our total trade accounts receivable balances as of March 31, 2022 and 2021. The following table sets forth the percentages of our revenues, by geographic region, derived from shipments to, or contract, service and other revenues from, external customers located outside the U.S.: Year Ended March 31, 2022 2021 2020 Canada — % 1 % — % Europe — — 1 — % 1 % 1 %

Long-Term Debt

Long-Term Debt	12 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt On January 25, 2022, Iteris, Inc., entered into a Credit Agreement (the “Credit Agreement”) with Capital One, National Association, as agent. The Credit Agreement provides for a $20 million revolving credit facility with a maturity date of January 24, 2026. In addition, the Company has the ability from time to time to increase the revolving commitments up to an additional aggregate amount not to exceed $40 million, subject to receipt of lender commitments and certain conditions precedent. The Credit Agreement evidencing the facility contains customary representation, warranties, covenants, and event of default. The Credit Agreement is collateralized by substantially all of our property and assets, including intellectual property. The Credit Agreement also contains certain restrictions and covenants that require the Company to maintain, on an ongoing basis, (i) a leverage ratio of no greater than 3.00 to 1.00 and (ii) a fixed charge coverage ratio of not less than 1.25 to 1.00. The leverage ratio also determines the applicable interest rate under the Credit Agreement. Borrowings under the revolving credit facility accrue interest at a rate equal to either SOFR or a specified base rate, at the Company’s option, plus an applicable margin. The applicable margins range from 2.00% to 2.80% per annum for SOFR loans and 1.00% to 1.80% per annum for base rate loans. The revolving credit facility is subject to a commitment fee payable on the unused revolving credit facility commitments ranging from 0.25% to 0.35%, depending on the Company’s leverage ratio. As of March 31, 2022, there were no amounts borrowed under the revolving credit facility and the Company is in compliance with the covenants. During the fiscal year ended March 31, 2022, capitalized deferred financing costs of $0.3 million associated with the Credit Agreement are included in Other assets. Amortization of the deferred financing costs and commitment fees on the unused revolving credit facility commitments are included in Interest Income (Expense), net.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Our consolidated financial statements include the accounts of Iteris, Inc. and all its wholly-owned subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"). All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires our management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Significant estimates made in the preparation of the consolidated financial statements include, but are not limited to, recoverability of long-lived and intangible assets; fair value of acquired intangible assets and goodwill; collectability of accounts receivable and related allowance for doubtful accounts; projections of taxable income used to assess realizability of deferred tax assets; warranty reserves; costs to complete long-term contracts; indirect cost rates used in cost plus contracts; fair value of stock option awards and equity instruments; estimates of future cash flows used to assess the recoverability of the impairment of goodwill; fair value of contingent consideration and capitalization and estimated useful life of the Company's internal-use software development costs. Estimates are based on historical experience and on various assumptions that the Company believes are reasonable under current circumstances. However, future events are subject to change and best estimates and judgments may require further adjustments, therefore, actual results could differ materially from those estimates. Management periodically evaluates such estimates and they are adjusted prospectively based upon such periodic evaluation.
Revenue Recognition	Revenue Recognition Revenues are recognized when control of the promised goods or services are transferred to our customers, in a gross amount that reflects the consideration that we expect to be entitled to in exchange for those goods or services. We generate all of our revenue from contracts with customers. Product revenue related contracts with customers begin when we acknowledge a purchase order for a specific customer order of product to be delivered in the near term and these purchase orders are short-term in nature. Product revenue is recognized at a point in time upon shipment or upon customer receipt of the product, depending on shipping terms. The Company determined that this method best represents the transfer of goods as transfer of control typically occurs upon shipment or upon customer receipt of the product. Service revenues, primarily derived from long-term engineering and consulting service contracts with governmental agencies. These contracts generally include performance obligations in which control is transferred over time. We recognize revenue on fixed fee contracts, over time, using the proportion of actual costs incurred to the total costs expected to complete the contract performance obligation. The Company determined that this method best represents the transfer of services as the proportion closely depicts the efforts or inputs completed towards the satisfaction of a fixed fee contract performance obligation. Time & Materials ("T&M") and Cost Plus Fixed Fee ("CPFF") contracts are considered variable consideration. However, performance obligations with these fee types qualify for the "Right to Invoice" Practical Expedient. Under this practical expedient, the Company is allowed to recognize revenue, over time, in the amount to which the Company has a right to invoice. In addition, the Company is not required to estimate such variable consideration upon inception of the contract and reassess the estimate each reporting period. The Company determined that this method best represents the transfer of services as, upon billing, the Company has a right to consideration from a customer in an amount that directly corresponds with the value to the customer of the Company's performance completed to date. Service revenues also consist of revenues derived from maintenance and support, extended warranty, and the use of the Company's service platforms and APIs on a subscription basis. We generate this revenue from fees for maintenance and support, extended warranty, monthly active user fees, SaaS fees, and hosting and storage fees. In most cases, the subscription or transaction arrangement is a single performance obligation comprised of a series of distinct services that are substantially the same and that have the same pattern of transfer (i.e., distinct days of service). The Company applies a time-based measure of progress to the total transaction price, which results in ratable recognition over the term of the contract. The Company determined that this method best represents the transfer of services as the customer obtains equal benefit from the service throughout the service period. The Company accounts for individual goods and services separately if they are distinct performance obligations, which often requires significant judgment based upon knowledge of the products and/or services, the solution provided and the structure of the sales contract. In SaaS agreements, we provide a service to the customer which combines the software functionality, maintenance and hosting into a single performance obligation. In product related contracts, a purchase order may contain different products, each constituting a separate performance obligation. We generally estimate variable consideration at the most likely amount to which we expect to be entitled and in certain cases based on the expected value, which requires judgment. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of our anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. We review and update these estimates on a quarterly basis. The Company's typical performance obligations include the following: Performance Obligation When Performance When Payment is How Standalone Product Revenues Standard purchase orders for delivery of a tangible product Upon shipment (point in time) Within 30 days of delivery Observable transactions Engineering services where the deliverable is considered a product As work is performed (over time) Within 30 days of services being invoiced Estimated using a cost-plus margin approach Service Revenues Engineering and consulting services As work is performed (over time) Within 30 days of services being invoiced Estimated using a cost-plus margin approach SaaS Over the course of the SaaS service once the system is available for use (over time) At the beginning of the contract period Estimated using a cost-plus margin approach Extended warranty service Over the course of the extended warranty period (over time) At the beginning of the contract period Estimated using a cost-plus margin approach Disaggregation of Revenue The Company disaggregates revenue from contracts with customers into product revenues and services revenues. Trade Accounts Receivable and Contract Balances We classify our right to consideration in exchange for goods and services as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional (i.e., only the passage of time is required before payment is due). We present such receivables in trade accounts receivable, net in the accompanying consolidated balance sheet at their net estimated realizable value. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of receivables that will not be collected. If warranted, the allowance is increased by the Company's provision for doubtful accounts, which is charged against income. All recoveries on receivables previously charged off are included in income, while direct charge-offs of receivables are deducted from the allowance. A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets are presented as unbilled accounts receivable in the accompanying consolidated balance sheet. For example, we would record a contract asset if we record revenue on a professional services engagement, but are not entitled to bill until we achieve specified milestones. Our contract assets and refund liabilities are reported in a net position on a contract basis at the end of each reporting period. Refund liabilities are consideration received in advance of the satisfaction of performance obligations. Contract Fulfillment Costs The Company evaluates whether or not we should capitalize the costs of fulfilling a contract. Such costs would be capitalized when they are not within the scope of other standards and: (1) are directly related to a contract; (2) generate or enhance resources that will be used to satisfy performance obligations; and (3) are expected to be recovered. As of March 31, 2022 and 2021, there was approximately $0.6 million and $3.2 million, respectively, of contract fulfillment costs which are presented in the accompanying consolidated balance sheets as prepaid and other current assets. These costs primarily relate to the satisfaction of performance obligations related to the set up of SaaS platforms. These costs are amortized on a straight-line basis over the estimated useful life of the SaaS platform. Due to delays in the completion of a software development contract with a customer, the Company recorded an estimated loss on the contract. During the twelve months ended March 31, 2022, the Company has recorded approximately $3.4 million, charged to cost of sales, of which approximately $0.9 million related to previously capitalized software development costs and the remainder reduced the balance of the related contract fulfillment costs. The estimates and assumptions used in these assessments were based upon management's judgment and may be subject to change as new events occur and additional information is obtained. In particular, there remains uncertainty with regards to the additional costs required to fulfill the Company's obligations with regards to the contract. If the future estimated costs to fulfill this contract exceed current estimates, the Company's financial condition, cash flows, and results of operations may be materially impacted. Transaction Price Allocated to the Remaining Performance Obligations As of March 31, 2022 and 2021, the aggregate amount of transaction price allocated to remaining performance obligations was immaterial, primarily as a result of termination provisions within our contracts, which make the duration of the accounting term of the contract one year or less. Practical Expedients and Exemptions T&M and CPFF contracts are considered variable consideration. However, performance obligations with an underlying fee type of T&M or CPFF qualify for the "Right to Invoice" Practical Expedient under ASC 606-10-55-18. Under this practical expedient, the Company is not required to estimate such variable consideration upon inception of the contract and reassess the estimate each reporting period. The Company utilizes the practical expedient under ASC 606-10-50-14 of not disclosing information about its remaining performance obligations for contracts with an original expected duration (i.e., contract term, determined based on the analysis of termination provisions described above) of 12 months or less. The Company pays sales commissions on certain sales contracts. These costs are accrued in the same period that the revenues are recorded. Using the practical expedient under ASC 340-40-25-4, the Company recognizes the incremental costs of obtaining a contract as an expense when incurred since the amortization period of the asset that the Company otherwise would have recognized is one year or less. The Company utilizes the practical expedient under ASC 606-10-25-18B to account for shipping and handling as fulfillment costs, and not a promised service (a revenue element). Shipping and handling costs are included as cost of revenues in the period during which the products ship.
Deferred Revenue	Deferred Revenue Deferred revenue in the accompanying consolidated balance sheets is comprised of billings and consideration received in advance of the satisfaction of performance obligations.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject us to a concentration of credit risk consist principally of cash and cash equivalents and trade accounts receivable. Cash and cash equivalents consist primarily of demand deposits and money market funds maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with high quality financial institutions, and therefore are believed to have minimal credit risk. Our accounts receivable are primarily derived from billings with customers located throughout North America, as well as in Europe, South America and Asia. We generally do not require collateral or other security from our domestic customers. We maintain an allowance for doubtful accounts for potential credit losses, which losses have historically been within management's expectations. We currently have, and historically have had, a diverse customer base. For the fiscal years ended March 31, 2022 ("Fiscal 2022"), March 31, 2021 ("Fiscal 2021"), and March 31, 2020 ("Fiscal 2020"), no individual customer represented greater than 10% of our total revenues. As of March 31, 2022 and 2021, no individual customer represented greater than 10% of our total accounts receivable.
Fair Values of Financial Instruments	Fair Values of Financial Instruments The accounting guidance provided in ASC 820, Fair Value Measurements ("ASC 820") for fair value provides a framework for measuring fair value, clarifies the definition of fair value, and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows: Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. Level 2—Observable inputs other than quoted prices in active markets for identical assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Inputs that are generally unobservable and typically reflect management's estimate of assumptions that market participants would use in pricing the assets or liabilities. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company applies fair value accounting for all financial instruments on a recurring basis. The Company's financial instruments, which include cash, cash equivalents, accounts receivable and accounts payable are recorded at their carrying amounts, which approximate their fair values due to their short-term nature. All marketable securities are considered to be available-for-sale and recorded at their estimated fair values. In valuing these items, the Company uses inputs and assumptions that market participants would use to determine their fair value, utilizing valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents consist of cash and short-term investments with initial maturities of 90 days or less. As of March 31, 2022 and 2021 restricted cash was $0.1 million and $0.3 million, respectively, related to cash restricted for shares purchased under the Employee Stock Purchase Plan ("ESPP") (see Note 10 for further details on the ESPP).
Investments	Investments The Company's investments are classified as either held-to-maturity, available-for-sale or trading, in accordance with ASC 320. Held-to-maturity securities are those securities that the Company has the positive intent and ability to hold until maturity. Trading securities are those securities that the Company intends to sell in the near term. All other securities not included in the held-to-maturity or trading category are classified as available-for-sale. Held-to-maturity securities are recorded at amortized cost which approximates fair market value. Trading securities are carried at fair value with unrealized gains and losses charged to earnings. Available-for-sale securities are carried at fair value with unrealized gains and losses recorded within accumulated other comprehensive loss as a separate component of stockholders' equity. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available (see Note 5). The Company had no investments as of March 31, 2022. As of March 31, 2021, all of our investments were available-for-sale. Under ASC 320-10-35, a security is considered to be other-than-temporarily impaired if the present value of cash flows expected to be collected are less than the security's amortized cost basis (the difference being defined as the "Credit Loss") or if the fair value of the security is less than the security's amortized cost basis and the investor intends, or will be required, to sell the security before recovery of the security's amortized cost basis. If an other-than-temporary impairment exists, the charge to earnings is limited to the amount of Credit Loss if the investor does not intend to sell the security, and will not be required to sell the security before recovery of the security's amortized cost basis. Any remaining difference between fair value and amortized cost is recognized in other comprehensive loss, net of applicable taxes. The Company evaluates whether the decline in fair value of its investments is other-than-temporary at each quarter-end. This evaluation consists of a review by management, and includes market pricing information and maturity dates for the securities held, market and economic trends in the industry and information on the issuer's financial condition and, if applicable, information on the guarantors' financial condition. Factors considered in determining whether a loss is temporary include the length of time and extent to which the investment's fair value has been less than its cost basis, the financial condition and near-term prospects of the issuer and guarantors, including any specific events which may influence the operations of the issuer and the Company's intent and ability to retain the investment for a reasonable period of time sufficient to allow for any anticipated recovery of fair value.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded net of the allowance for doubtful accounts. The allowance for doubtful accounts is estimated based on the Company's assessment of its ability to collect on customer accounts receivable. The collectability of our accounts receivable is evaluated through review of outstanding invoices and ongoing credit evaluations of our customers' financial condition. In cases where we are aware of circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, we will record an allowance against amounts due, and thereby reduce the net recognized accounts receivable to the amount we reasonably believe will be collected. The Company writes-off accounts receivable against the allowance when a determination is made that the balance is uncollectible and collection of the receivable is no longer being actively pursued. The allowance for doubtful accounts was approximately $0.9 million and $1.0 million as of March 31, 2022 and 2021, respectively.
Inventories	Inventories Inventories consist of finished goods, work-in-process and raw materials and are stated at the lower of cost or net realizable value. Cost is determined using the first-in, first-out method.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost and are depreciated using the straight-line method over the estimated useful life of the related assets ranging from three
Intangible Assets	Intangible Assets Intangible assets with determinable economic lives are carried at cost, less accumulated amortization. Amortization is computed over the estimated useful life of each asset on a straight-line basis. The Company determines the useful lives of identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors the Company considers when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company's long-term strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset and other economic factors, including competition and specific market conditions. Intangible assets without determinable economic lives are carried at cost, not amortized and reviewed for impairment at least annually.
Goodwill and Impairment of Long-Lived Assets	Goodwill Goodwill represents the excess of the aggregate purchase price over the fair value of net identifiable assets acquired in a business combination. Goodwill is not amortized and is tested for impairment at least annually or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In the valuation of goodwill, management must make assumptions regarding estimated future cash flows to be derived from the Company's business. If these estimates or their related assumptions change in the future, the Company may be required to record impairment for these assets. The Company has the option to first perform a qualitative assessment to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying value. However, the Company may elect to bypass the qualitative assessment and proceed directly to the quantitative impairment tests. The first step of the impairment test involves comparing the fair value of the reporting unit to its net book value, including goodwill. If the net book value exceeds its fair value, the Company would perform the second step of the goodwill impairment test to determine the amount of the impairment loss. We perform an annual quantitative assessment of our goodwill during the fourth fiscal quarter, or more frequently, to determine if any events or circumstances exist, such as an adverse change in business climate or a decline in overall industry demand, that would indicate that it would more likely than not reduce the fair value of a reporting unit below its carrying amount, including goodwill. If events or circumstances do not indicate that the fair value of a reporting unit is below its carrying amount, then goodwill is not considered to be impaired and no further testing is required, if otherwise, we compare the fair value of our reporting unit to its carrying value, including goodwill. If the carrying amount of a reporting unit exceeds the reporting unit's fair value, the amount by which the carrying value of the goodwill exceeds its implied fair value, if any, is recognized as an impairment loss. We monitor the indicators for goodwill impairment testing between annual tests. In prior years the Company had two operating and reportable segments, Roadway Sensors ("RWS") and Transportation Systems ("SYS"), which also represented the reporting units for purposes of goodwill impairment testing. In conjunction with the change in segments described in Note 13, Business Segments, the Company also reassessed the reporting unit conclusion and determined that there are now three reporting units and a single operating and reportable segment. As of March 31, 2022, there were no indicators of goodwill impairment. Impairment of Long-Lived Assets The Company evaluates its long-lived assets, including property, equipment and intangible assets (other than goodwill) for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We determine whether the carrying value of an asset or asset group is recoverable, based on comparisons to undiscounted expected future cash flows the asset or asset group is expected to generate. If an asset is not recoverable, we record an impairment loss equal to the amount by which the carrying value of the asset exceeds its fair value. We primarily use the income valuation approach to determine the fair value of our long lived and intangible assets . During the three months ended June 30, 2020, we recorded $0.3 million i n impairment charges related to right-of-use assets and leasehold improvements
Income Taxes	Income Taxes We utilize the asset and liability method of accounting for income taxes, under which deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities using tax rates expected to be in effect during the years in which the basis differences reverse. A valuation allowance is recorded when it is more-likely-than-not that some or all of the deferred tax assets will not be realized, which increases our income tax expense in the period such determination is made. As such, we determined it was appropriate to record a full valuation allowance against our deferred tax assets. We will continuously reassess the appropriateness of maintaining a valuation allowance. Income tax positions must meet a more-likely-than-not recognition threshold to be recognized. Income tax positions that previously failed to meet the more-likely-than-not threshold are recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not threshold are derecognized in the first subsequent financial reporting period in which that threshold is no longer met.
Stock-Based Compensation	Stock-Based Compensation We record stock-based compensation in our consolidated statements of operations as an expense, based on the estimated grant date fair value of our stock-based awards, whereby such fair values are amortized over the requisite service period. Our stock-based awards are currently comprised of common stock options, restricted stock units and performance stock units. The fair value of our common stock option awards is estimated on the grant date using the Black-Scholes-Merton option-pricing formula. The fair value of our performance stock unit awards is estimated on the grant date using a Monte Carlo simulation model. While the use of these models meets established requirements, the estimated fair values generated by the models may not be indicative of the actual fair values of our awards as it does not consider certain factors important to those awards to employees, such as continued employment and periodic vesting requirements, as well as limited transferability. The fair value of our restricted stock units is based on the closing market price of our common stock on the grant date. If there are any modifications or cancellations of the underlying unvested stock-based awards, we may be required to accelerate, increase or cancel any remaining unearned stock-based compensation expense.
Research and Development Expenditures	Research and Development Expenditures Research and development expenditures are charged to expense in the period incurred.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs are included as cost of revenues in the period during which the products ship.
Sales Taxes	Sales Taxes Sales taxes are presented on a net basis (excluded from revenues) in the consolidated statements of operations.
Right-of-Use Assets and Lease Liabilities	Right-of-Use Assets and Lease Liabilities We determine if an arrangement contains a lease at inception and determine the classification of the lease, as either operating or finance, at commencement. Right-of-use assets and lease liabilities are recorded based on the present value of future lease payments which factors in certain qualifying initial direct costs incurred as well as any lease incentives received. If an implicit rate is not readily determinable, we utilize inputs from third-party lenders to determine the appropriate discount rate. Lease expense for operating lease payments are recognized on a straight-line basis over the lease term. Finance leases incur interest expense using the effective interest method in addition to amortization of the leased asset on straight-line basis, both over the applicable lease term. Lease terms may factor in options to extend or terminate the lease.
Warranty	Warranty We generally provide a one
Repair and Maintenance Costs	Repair and Maintenance Costs We incur repair and maintenance costs in the normal course of business. Should the repair or maintenance result in a permanent improvement to one of our leased facilities, the cost is capitalized as a leasehold improvement and amortized over its useful life or the remainder of the lease period, whichever is shorter. Non-permanent repair and maintenance costs are charged to expense as incurred.
Comprehensive Loss	Comprehensive Loss The difference between net income (loss) and comprehensive income (loss) was de minimis for Fiscal 2022, Fiscal 2021 and Fiscal 2020.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. This update requires that certain financial assets be measured at amortized cost net of an allowance for estimated credit losses such that the net receivable represents the present value of expected cash collection. In addition, this standard update requires that certain financial assets be measured at amortized cost reflecting an allowance for estimated credit losses expected to occur over the life of the assets. The estimate of credit losses must be based on all relevant information including historical information, current conditions and reasonable and supportable forecasts that affect the collectability of the amounts. In November 2019, the FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815) and Leases (Topic 842): Effective Dates, which defers the effective date of ASU 2016-13 to fiscal years beginning after December 15, 2022 for all entities except SEC reporting companies that are not smaller reporting companies. As a smaller reporting company, ASU 2016-13 will now be effective for our fiscal year 2024 beginning April 1, 2023; however, early adoption is permitted. We are currently evaluating the timing and impact of adopting ASU 2016-13 on our consolidated financial statements.

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of typical performance obligations	The Company's typical performance obligations include the following: Performance Obligation When Performance When Payment is How Standalone Product Revenues Standard purchase orders for delivery of a tangible product Upon shipment (point in time) Within 30 days of delivery Observable transactions Engineering services where the deliverable is considered a product As work is performed (over time) Within 30 days of services being invoiced Estimated using a cost-plus margin approach Service Revenues Engineering and consulting services As work is performed (over time) Within 30 days of services being invoiced Estimated using a cost-plus margin approach SaaS Over the course of the SaaS service once the system is available for use (over time) At the beginning of the contract period Estimated using a cost-plus margin approach Extended warranty service Over the course of the extended warranty period (over time) At the beginning of the contract period Estimated using a cost-plus margin approach
Schedule of cash, cash equivalents and restricted cash	Cash, cash equivalents and restricted cash presented in the accompanying statements of cash flows consist of the following (in thousands): March 31, 2022 2021 Cash and cash equivalents $ 23,689 $ 25,205 Restricted cash 120 263 $ 23,809 $ 25,468

Supplementary Financial Infor_2

Supplementary Financial Information (Tables)	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of inventories	The following table presents details regarding our inventories: March 31, 2022 2021 (In thousands) Materials and supplies $ 5,680 $ 2,714 Work in process 200 435 Finished goods 2,100 1,917 $ 7,980 $ 5,066
Schedule of property and equipment, net	The following table presents details of our property and equipment, net: March 31, 2022 2021 (In thousands) Equipment $ 6,825 $ 6,806 Leasehold improvements 3,117 3,046 Accumulated depreciation (8,550) (7,929) $ 1,392 $ 1,923
Schedule of net intangible assets	Intangible Assets The following table presents details regarding our intangible assets: March 31, 2022 March 31, 2021 Gross Accumulated Net Gross Accumulated Net (In thousands) Technology $ 4,986 $ (2,519) $ 2,467 $ 4,986 $ (1,594) $ 3,392 Customer contracts / relationships 9,550 (2,959) 6,591 9,550 (1,547) 8,003 Trade names and non-compete agreements 782 (753) 29 782 (683) 99 Capitalized software development costs 5,900 (3,207) 2,693 5,177 (2,374) 2,803 Total $ 21,218 $ (9,438) $ 11,780 $ 20,495 $ (6,198) $ 14,297
Schedule of future estimated amortization expense	As of March 31, 2022, the future estimated amortization expense is as follows: Year Ending March 31, (In thousands) 2023 3,198 2024 3,021 2025 2,538 2026 1,298 2027 1,095 Thereafter 618 $ 11,768
Schedule of activity related to the carrying value of goodwill by reportable segment	The following table presents the carrying value of our goodwill for Fiscal 2022, Fiscal 2021 and Fiscal 2020: Total Balance—March 31, 2022 Goodwill $ 36,310 Acquired goodwill (see Note 12) — Accumulated impairment losses (7,970) $ 28,340 Balance—March 31, 2021 Goodwill $ 28,560 Acquired goodwill (see Note 12) 7,750 Accumulated impairment losses (7,970) $ 28,340 Balance—March 31, 2020 Goodwill $ 23,120 Acquired goodwill (Note 12) 5,440 Accumulated impairment losses (7,970) $ 20,590
Schedule of warranty reserve activity	The following table presents activity with respect to the warranty reserve: Year Ended March 31, 2022 2021 2020 (In thousands) Balance at beginning of fiscal year $ 569 $ 416 $ 463 Additions charged to cost of sales 238 508 649 Warranty claims (191) (355) (696) Balance at end of fiscal year $ 616 $ 569 $ 416
Schedule of computation of basic and diluted net loss per share	The following table sets forth the computation of basic and diluted income (loss) from continuing operations per share: Year Ended March 31, 2022 2021 2020 (In thousands, except per Numerator: Net income (loss) from continuing operations $ (6,900) $ 491 $ (1,758) Net income (loss) from discontinued operations, net of tax (180) 9,643 (3,852) Net income (loss) $ (7,080) $ 10,134 $ (5,610) Denominator: Weighted average common shares used in basic computation 42,222 41,176 39,012 Dilutive stock options — 423 — Weighted average common shares used in diluted computation 42,222 41,599 39,012 Basic: Net income (loss) per share from continuing operations: $ (0.16) $ 0.01 $ (0.04) Net income (loss) per share from discontinued operations: $ — $ 0.23 $ (0.10) Net income (loss) per basic share $ (0.16) $ 0.24 $ (0.14) Diluted: Net income (loss) per share from continuing operations: $ (0.16) $ 0.01 $ (0.04) Net income (loss) per share from discontinued operations: $ — $ 0.23 $ (0.10) Net income (loss) per diluted share $ (0.16) $ 0.24 $ (0.14)
Schedule of instruments excluded in the computation of diluted net loss per share	The following instruments were excluded for purposes of calculating weighted average common share equivalents in the computation of diluted income (loss) per share from continuing operations as their effect would have been anti-dilutive for the years ended March 31, 2022, 2021, and 2020: Year Ended March 31, 2022 2021 2020 (In thousands) Stock options 3,857 3,935 6,190 Restricted stock units 386 126 110

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Summary of major classes of assets and liabilities held for sale	The related assets and liabilities of the Agriculture and Weather Analytics business were reclassified to assets and liabilities of discontinued operations as of March 31, 2022 and March 31, 2021 on the accompanying consolidated balance sheets. The following table is a summary of major classes of assets and liabilities of discontinued operations: March 31, 2022 March 31, 2021 (In thousands) Assets Trade accounts receivable, net of allowance for doubtful accounts $ — $ — Unbilled accounts receivable — — Prepaid expenses and other current assets — — Total current assets of discontinued operations — — Property and equipment, net $ — — Right-of-use assets 6 78 Other classes of assets that are not major — — Total noncurrent assets of discontinued operations 6 78 Total assets of discontinued operations $ 6 $ 78 Liabilities Trade accounts payable $ — $ — Accrued liabilities — — Accrued payroll and related expenses 63 — Deferred revenue — — Current Lease Liabilities 100 94 Total current liabilities of discontinued operations 163 94 Noncurrent Lease liabilities 172 261 Total liabilities of discontinued operations $ 335 $ 355 The results of operations for the Agriculture and Weather Analytics business were included in net income (loss) from discontinued operations on the accompanying consolidated statements of operations. The following table provides information regarding the results of discontinued operations: Year Ended March 31, 2022 2021 2020 Service revenue $ — $ 695 $ 6,714 Cost of service revenues — 350 2,566 Gross profit — 345 4,148 Operating expenses: Selling, general and administration 180 780 3,718 Research and development — 407 4,282 Restructuring charges — 837 — Total operating expenses 180 2,024 8,000 Operating loss from discontinued operations (180) (1,679) (3,852) Other income, net — 72 — Loss from discontinued operation before income tax (180) (1,607) (3,852) Income tax expense (47) — Net loss from discontinued operations (180) (1,654) (3,852) Gain on disposal of discontinued operations before income tax — 11,315 — Income tax expense on gain on disposal — (18) — Gain on disposal of discontinued operations after income tax — 11,297 — Net income (loss) from discontinued operations $ (180) $ 9,643 $ (3,852) The following table provides information on the gain recorded on the sale of the Agriculture and Weather Analytics business for the year ended March 31, 2021. These amounts reflect the closing balance sheet of the Agriculture and Weather Analytics business upon the closing of the sale on May 5, 2020 (in thousands). Initial proceeds from sale, net of transaction costs $ 9,440 Closing working capital adjustment 250 Deferred payments of purchase price 1,500 Total consideration, net of transaction costs 11,190 Trade accounts receivable, net of allowance for doubtful accounts 1,060 Unbilled accounts receivable 488 Other classes of assets that are not major 194 Total Agriculture and Weather Analytics business assets 1,742 Trade accounts payable 349 Deferred revenue 1,518 Total Agriculture and Weather Analytics business liabilities 1,867 Gain on sale of Agriculture and Weather Analytics business $ 11,315

Restructuring Activities (Table

Restructuring Activities (Tables)	12 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Summary of restructuring activities	Our restructuring activities during the fiscal year ended March 31, 2022 were as follows (in thousands): Balance at March 31, 2021 $ 100 Cash payments (79) Adjustment to estimated expenses (21) Balance at March 31, 2022 $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of financial assets that are recorded at fair value on a recurring basis	The following tables present the Company's financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy: As of March 31, 2022 Amortized Gross Gross Estimated Assets: (In thousands) Level 1: Money market funds $ 71 $ — $ — $ 71 Securities held in deferred compensation plan (1) 998 (106) 73 965 Subtotal 1,069 (106) 73 1,036 Level 2: Commercial paper 7,499 — — 7,499 Corporate notes and bonds — — — — US treasuries 7,798 — — 7,798 Subtotal 15,297 — — 15,297 Total $ 16,366 $ (106) $ 73 $ 16,333 Liabilities: Level 1: Deferred compensation plan liabilities (2) $ 1,013 $ (106) $ 72 $ 979 Level 3: Contingent consideration (3) 600 — — — 600 Total $ 1,613 $ (106) $ 72 $ 1,579 As of March 31, 2021 Amortized Gross Gross Estimated (In thousands) Level 1: Money market funds $ 4,676 $ — $ — $ 4,676 Securities held in deferred compensation plan (1) 89 — 11 100 Subtotal 4,765 — 11 4,776 Level 2: Commercial paper 4,999 — — 4,999 Corporate notes and bonds 1,085 — — 1,085 US treasuries 4,600 — — 4,600 Subtotal 10,684 — — 10,684 Total $ 15,449 $ — $ 11 $ 15,460 Liabilities: Level 1: Deferred compensation plan liabilities (2) $ 100 $ — $ 11 $ 111 Level 3: Contingent consideration (3) $ 600 $ — $ — $ 600 Total $ 700 $ — $ 11 $ 711 (1) Included in prepaid expenses and other current assets on the Company’s consolidated balance sheet. (2) Included in accrued payroll and related expenses on the Company’s consolidated balance sheet. (3) Included in other long-term liabilities on the Company’s consolidated balance sheet.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of components of current and deferred federal and state income tax (benefits) provision	The components of current and deferred federal and state income tax (benefit) provision are as follows: Year Ended March 31, 2022 2021 2020 (In thousands) Income (loss) from continuing operations before income taxes $ (6,726) $ 606 $ (1,598) Current income tax provision: Federal — 0 — State 75 67 34 Total current tax provision 75 67 34 Deferred income tax provision: Federal 33 21 105 State 66 27 21 Total deferred tax provision 99 48 126 Provision for income taxes on continuing operations 174 115 160 Income (loss) from continuing operations, net of taxes $ (6,900) $ 491 $ (1,758)
Schedule of reconciliation of income tax (benefit) provision to taxes computed at U.S. federal statutory rates	The reconciliation of our income tax (benefit) provision to taxes computed at U.S. federal statutory rates is as follows: Year Ended March 31, 2022 2021 2020 (In thousands) Provision (benefit) for income taxes at statutory rates $ (1,422) $ 90 $ (1,095) State income taxes net of federal benefit (559) (177) (198) Tax credits (141) (663) (658) Compensation charges 34 313 151 Change in valuation allowance 2,169 523 1,913 Other 93 29 47 Provision for income taxes $ 174 $ 115 $ 160
Schedule of components of deferred tax assets and liabilities	The components of deferred tax assets and liabilities are as follows: March 31, 2022 2021 (In thousands) Deferred tax assets: Net operating losses $ 3,980 $ 2,186 Capitalized R&D 1,808 2,282 Credit carry forwards 4,530 4,088 Deferred compensation and payroll 2,902 2,475 Bad debt allowance and other reserves 1,299 930 Property and equipment 297 354 Acquired intangibles 129 — Other, net 171 765 Total deferred tax assets 15,116 13,080 Valuation allowance (14,552) (12,349) Total deferred tax assets, net of valuation allowance 564 731 Deferred tax liabilities: Acquired intangibles — (297) Goodwill (901) (672) Total deferred tax liabilities (901) (969) Net deferred tax liabilities $ (337) $ (238)
Schedule of reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits	A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows: Year Ended March 31, 2022 2021 2020 (In thousands) Gross unrecognized tax benefits at beginning of year $ 1,079 $ 952 $ 687 Increases for tax positions taken in prior years — 35 101 Decreases for tax positions taken in prior years (29) — — Increases for tax positions taken in the current year 159 104 180 Lapse in statute of limitations (11) (12) (16) Gross unrecognized tax benefits at March 31 $ 1,198 $ 1,079 $ 952

Right-of-Use Assets and Lease_2

Right-of-Use Assets and Lease Liabilities (Tables)	12 Months Ended
	Mar. 31, 2022
Lessee Disclosure [Abstract]
Lease related assets and liabilities	The table below presents lease-related assets and liabilities recorded on the consolidated balance sheet as follows: Classification March 31, 2022 (In thousands) Assets Operating lease right-of-use-assets - continuing operations Right-of-use assets $ 11,382 Operating lease right-of-use-assets - discontinued operation Noncurrent assets of discontinued operations 6 Total operating lease right-of-use-assets $ 11,388 Liabilities Operating lease liabilities (short-term) - continuing operations Accrued liabilities $ 1,447 Operating lease liabilities (short-term) - discontinued operation Current liabilities of discontinued operations 100 Total operating lease liabilities (short-term) 1,547 Operating lease liabilities (long-term) - continuing operations Lease liabilities 10,763 Operating lease liabilities (long-term) - discontinued operation Noncurrent liabilities of discontinued operations 172 Total operating lease liabilities (long-term) 10,935 Total operating lease liabilities $ 12,482
Schedule of supplemental information related to operating leases	The table below presents supplemental information related to operating leases during the fiscal year ended March 31, 2022 (in thousands, except weighted average information): Cash paid for amounts included in the measurement of operating lease liabilities $ 2,795 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,544 Weighted average remaining lease term 5 Weighted average discount rate 4.8 %
Schedule of undiscounted cash flows	The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of March 31, 2022: Fiscal Year Ending March 31, Operating Leases Sublease Income Net Operating Leases (In thousands) 2023 $ 2,114 $ 9 $ 2,105 2024 2,809 — 2,809 2025 2,587 — 2,587 2026 2,336 — 2,336 2027 2,391 — 2,391 Thereafter 2,097 — 2,097 Total lease payments 14,334 $ 9 $ 14,325 Less imputed interest (1,852) Present value of future lease payments 12,482 Less current obligations under leases (1,547) Long-term lease obligations $ 10,935

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Schedule of common stock reserved for future issuance	The following summarizes common stock reserved for future issuance at March 31, 2022: Number of Shares (In thousands) Stock options outstanding 5,943 Restricted stock units outstanding 451 Performance stock units outstanding 115 Authorized for future issuance under stock incentive plans 2,990 Total common stock reserved for future issuance at March 31, 2022 9,499

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of activity with respect to stock options	A summary of activity in the Omnibus Incentive Plans with respect to our stock options for Fiscal 2022 is as follows: Options Weighted Weighted Aggregate (In thousands) (Years) (In thousands) Options outstanding at March 31, 2021 5,623 $ 4.10 6.8 11,659 Granted 932 4.95 Exercised (489) 2.89 Forfeited (123) 4.88 Expired — — Options outstanding at March 31, 2022 5,943 4.32 6.5 974
Summary of activity with respect to RSUs	A summary of activity with respect to our RSUs for Fiscal 2022 is as follows: # of Shares Weighted Weighted Aggregate (In thousands) (Years) (In thousands) RSUs outstanding at March 31, 2021 448 $ 4.08 7.8 2,764 Granted 191 5.00 Vested (184) 4.92 Forfeited (4) 4.80 RSUs outstanding at March 31, 2022 451 4.12 7.5 1,271
Summary of the details of performance stock units	The following table summarizes the details of the performance stock units: # of Shares Weighted Average Price Per Share (In thousands) PSUs outstanding at March 31, 2021 68 $ 5.47 Granted 64 7.26 Forfeited (17) 6.37 PSUs outstanding at March 31, 2022 115 6.33
Schedule of stock-based compensation expense	The following table presents stock-based compensation expense that is included in each functional line item in our consolidated statements of operations: Year Ended March 31, 2022 2021 2020 (In thousands) Cost of revenues $ 242 $ 209 $ 143 General and Administrative 2,574 2,359 2,116 Sales and marketing 340 158 156 Research and development expense 245 134 81 Restructuring activities — 42 — Loss from discontinued operations — (57) 290 Total stock-based compensation $ 3,401 $ 2,845 $ 2,785
Schedule of weighted-average assumptions used in estimating the grant date fair value of stock options granted	The grant date fair value of stock options granted was estimated using the following weighted-average assumptions: Year Ended March 31, 2022 2021 2020 Expected life—years 7.2 6.7 6.8 Risk-free interest rate 1.5 % 1.0 % 2.2 % Expected volatility of common stock 49 % 47 % 47 % Dividend yield 0 % 0 % 0 %
Summary of certain fair value and intrinsic value information pertaining to stock options	A summary of certain fair value and intrinsic value information pertaining to our stock options is as follows: Year Ended March 31, 2022 2021 2020 (In thousands, except Weighted average grant date fair value per share of options granted $ 2.58 $ 2.38 $ 2.52 Intrinsic value of options exercised $ 1,966 $ 1,494 $ 378

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of business acquisitions, by acquisition	The aggregate acquisition-date fair value of the consideration transferred totaled approximately $17.7 million, which consisted of the following: Fair Value (in thousands) Cash $ 15,000 Security hold back 1,000 Acquisition-related liabilities 1,131 Contingent consideration 600 Total $ 17,731
Schedule of purchase price allocation	The following tables summarize the purchase price allocation (in thousands) as of December 7, 2020: Trade accounts receivable $ 2,087 Unbilled accounts receivable 596 Inventories 941 Right-of-use assets 193 Property and equipment 233 Intangible assets 9,500 Goodwill 7,750 Other assets 242 Total assets acquired 21,542 Accounts payable 1,026 Deferred revenue 2,460 Lease liabilities 193 Other liabilities 132 Total liabilities assumed 3,811 Total purchase price $ 17,731 The following tables summarize the purchase price allocation (in thousands) as of July 2, 2019: Cash $ 664 Trade accounts receivable 905 Unbilled accounts receivable 347 Right-of-use assets 863 Property and equipment 357 Intangible assets 3,710 Goodwill 5,440 Other assets 161 Total assets acquired 12,447 Accounts payable (378) Accrued payroll and related expenses (426) Lease liabilities (863) Total liabilities assumed (1,667) Total purchase price $ 10,780
Schedule of fair values and useful lives of the identifiable intangible assets	The following table presents the fair values and useful lives of the identifiable intangible assets acquired: Amount Weighted Average (in thousands) (in years) Customer relationships $ 5,800 7 Technology 3,700 4 Total intangible assets assumed $ 9,500 Amount Weighted Average (in thousands) (in years) Customer relationships 3,500 6 Non-compete agreement 210 3 Total intangible assets assumed 3,710

Business Segments, Significan_2

Business Segments, Significant Customer and Geographic Information (Tables)	12 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of percentages of revenues, by geographic region, derived from shipments to, or contract, service and other revenues from, external customers located outside the U.S.	The following table sets forth the percentages of our revenues, by geographic region, derived from shipments to, or contract, service and other revenues from, external customers located outside the U.S.: Year Ended March 31, 2022 2021 2020 Canada — % 1 % — % Europe — — 1 — % 1 % 1 %

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies - Acquisitions and Divestitures (Details) - USD ($)	Dec. 07, 2020	May 05, 2020	Jun. 13, 2019	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	May 02, 2020
Significant accounting policies
Proceeds from issuance of common stock				$ 0	$ 0	$ 26,751,000
Stockholders of AGI
Significant accounting policies
Payments to acquire businesses, gross			$ 6,200,000
Underwritten Public Offering
Significant accounting policies
Issuance of common stock in connection with public offering, net of costs (in shares)			6,182,797
Proceeds from issuance of common stock			$ 26,800,000
Discontinued Operations, Held-for-sale | Agriculture and Weather Analytics Segment
Significant accounting policies
Disposal group, including discontinued operation, consideration		$ 12,000,000					$ 12,000,000
Net proceeds from sale of discontinued operation		10,500,000
Amount held in escrow from divestiture of business		1,500,000
Discontinued Operations, Held-for-sale | Agriculture and Weather Analytics Segment | Scenario One
Significant accounting policies
Amount receivable from divestiture of business		1,450,000
Discontinued Operations, Held-for-sale | Agriculture and Weather Analytics Segment | Scenario Two
Significant accounting policies
Amount receivable from divestiture of business		$ 50,000
TrafficCast International
Significant accounting policies
Consideration transferred	$ 17,731,000
Payments to acquire businesses, gross	15,000,000
Security hold back	1,000,000
Consideration transferred, liabilities incurred	1,131,000
Consideration transferred, cash paid	1,000,000
Contingent consideration	$ 600,000
Consideration transferred, earn out term				2 years

Description of Business and S_5

Description of Business and Summary of Significant Accounting Policies - Restructuring Activities (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restructuring charges	$ 1,500	$ 0	$ 619	$ 0

Description of Business and S_6

Description of Business and Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Capitalized contract fulfillment costs	$ 0.6	$ 3.2
Estimated loss on contract	3.4
Impairment loss from previously capitalized contract costs	$ 0.9

Description of Business and S_7

Description of Business and Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) - No individual customer - customer	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Significant accounting policies
Number of customers	0	0
Sales Revenue, Net | Customer
Significant accounting policies
Number of customers	0	0	0
Percentage of total net sales and contract revenues	10.00%	10.00%	10.00%
Total accounts receivable | Customer | Minimum
Significant accounting policies
Percentage of total net sales and contract revenues	10.00%	10.00%

Description of Business and S_8

Description of Business and Summary of Significant Accounting Policies - Cash, Cash Equivalents and Restricted Cash Presented (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 23,689	$ 25,205
Restricted cash	120	263
Cash, cash equivalents, restricted cash and restricted cash equivalents	$ 23,809	$ 25,468	$ 14,363	$ 7,071

Description of Business and S_9

Description of Business and Summary of Significant Accounting Policies - Accounts Receivable and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Trade accounts receivable, allowance for doubtful accounts	$ 903	$ 1,019

Description of Business and _10

Description of Business and Summary of Significant Accounting Policies - Property and Equipment (Details) - Property and equipment	12 Months Ended
	Mar. 31, 2022
Minimum
Significant accounting policies
Useful life	3 years
Maximum
Significant accounting policies
Useful life	8 years

Description of Business and _11

Description of Business and Summary of Significant Accounting Policies - Goodwill and Impairment of Long-Lived Assets (Details) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2022reporting_unit	Mar. 31, 2022segment	Mar. 31, 2022USD ($)	Mar. 31, 2021reporting_unitsegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments		3	1		2
Number of reportable segments | segment			1		2
Number of reporting units | reporting_unit		3			2
Impairment of assets | $	$ 0.3			$ 0.9

Description of Business and _12

Description of Business and Summary of Significant Accounting Policies - Warranty (Details)	12 Months Ended
	Mar. 31, 2022
Minimum
Significant accounting policies
Warranty period	1 year
Maximum
Significant accounting policies
Warranty period	3 years

Supplementary Financial Infor_3

Supplementary Financial Information - Inventories, Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Inventories
Materials and supplies	$ 5,680	$ 2,714
Work in process	200	435
Finished goods	2,100	1,917
Total inventories	7,980	5,066
Property and Equipment, net
Accumulated depreciation	(8,550)	(7,929)
Property and Equipment, net	1,392	1,923
Equipment
Property and Equipment, net
Property, plant and equipment, gross	6,825	6,806
Leasehold improvements
Property and Equipment, net
Property, plant and equipment, gross	$ 3,117	$ 3,046

Supplementary Financial Infor_4

Supplementary Financial Information - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation of property and equipment	$ 820	$ 734	$ 770
Amortization of intangible assets	3,240	2,036	1,255
Amortization recorded to cost of revenues	600	500	500
Amortization of intangible assets	$ 2,673	1,504	757
Useful life (in years)	4 years 2 months 12 days
Net capitalized software development costs	$ 2,700	2,800
Customer contracts / relationships
Property, Plant and Equipment [Line Items]
Useful life (in years)	6 years
Trade names and non-compete agreements
Property, Plant and Equipment [Line Items]
Useful life (in years)	3 years
Oracle ERP system design and implementation
Property, Plant and Equipment [Line Items]
Useful life (in years)	10 years
Net capitalized software development costs	$ 1,400	1,700
Cost of revenues
Property, Plant and Equipment [Line Items]
Depreciation of property and equipment	200	200	300
Operating expenses
Property, Plant and Equipment [Line Items]
Depreciation of property and equipment	$ 600	$ 500	$ 500

Supplementary Financial Infor_5

Supplementary Financial Information - Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Intangible Assets
Gross Carrying Amount	$ 21,218	$ 20,495
Accumulated Amortization	(9,438)	(6,198)
Net Book Value	11,780	14,297
Technology
Intangible Assets
Gross Carrying Amount	4,986	4,986
Accumulated Amortization	(2,519)	(1,594)
Net Book Value	2,467	3,392
Customer contracts / relationships
Intangible Assets
Gross Carrying Amount	9,550	9,550
Accumulated Amortization	(2,959)	(1,547)
Net Book Value	6,591	8,003
Trade names and non-compete agreements
Intangible Assets
Gross Carrying Amount	782	782
Accumulated Amortization	(753)	(683)
Net Book Value	29	99
Capitalized software development costs
Intangible Assets
Gross Carrying Amount	5,900	5,177
Accumulated Amortization	(3,207)	(2,374)
Net Book Value	$ 2,693	$ 2,803

Supplementary Financial Infor_6

Supplementary Financial Information - Future Estimated Amortization Expense (Details) $ in Thousands	Mar. 31, 2022USD ($)
Future estimated amortization expense
2023	$ 3,198
2024	3,021
2025	2,538
2026	1,298
2027	1,095
Thereafter	618
Net Book Value	$ 11,768

Supplementary Financial Infor_7

Supplementary Financial Information - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Goodwill	$ 36,310	$ 28,560	$ 23,120
Acquired goodwill (see Note 12)	0	7,750	5,440
Accumulated impairment losses	(7,970)	(7,970)	(7,970)
Goodwill	$ 28,340	$ 28,340	$ 20,590

Supplementary Financial Infor_8

Supplementary Financial Information - Warranty Reserve Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Activity related to warranty reserve
Balance at beginning of fiscal year	$ 569	$ 416	$ 463
Additions charged to cost of sales	238	508	649
Warranty claims	(191)	(355)	(696)
Balance at end of fiscal year	$ 616	$ 569	$ 416

Supplementary Financial Infor_9

Supplementary Financial Information - Earnings (loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Net income (loss) from continuing operations	$ (6,900)	$ 491	$ (1,758)
Net income (loss) from discontinued operations, net of tax	(180)	9,643	(3,852)
Net income (loss)	$ (7,080)	$ 10,134	$ (5,610)
Denominator:
Shares used in basic per share calculations	42,222,000	41,176,000	39,012,000
Dilutive stock options (in shares)	0	423,000	0
Weighted average common shares used in diluted computation	42,222,000	41,599,000	39,012,000
Basic:
Net income (loss) per share from continuing operations (in dollars per share)	$ (0.16)	$ 0.01	$ (0.04)
Net income (loss) per share from discontinued operations (in dollars per share)	0	0.23	(0.10)
Net income (loss) per share (in dollars per share)	(0.16)	0.24	(0.14)
Diluted:
Net income (loss) per share from continuing operations (in dollars per share)	(0.16)	0.01	(0.04)
Net income (loss) per share from discontinued operations (in dollars per share)	0	0.23	(0.10)
Net income (loss) per share (in dollars per share)	$ (0.16)	$ 0.24	$ (0.14)

Supplementary Financial Info_10

Supplementary Financial Information - Earnings (loss) per Share Excluded Weighted Average (Details) - shares shares in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Stock options
Shares excluded in the computation of loss from continuing operations per share
Shares excluded in the computation of loss from continuing operations per share	3,857	3,935	6,190
Restricted stock units
Shares excluded in the computation of loss from continuing operations per share
Shares excluded in the computation of loss from continuing operations per share	386	126	110

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations, Held-for-sale - Agriculture and Weather Analytics Segment - USD ($) $ in Thousands	May 05, 2020	Mar. 31, 2021	May 02, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, consideration	$ 12,000		$ 12,000
Net proceeds from sale of discontinued operation	10,500
Amount held in escrow from divestiture of business	1,500
Transaction costs	1,100
Transition Services Agreement
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue from related parties		$ 200
Related party costs		$ 100
Scenario One
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Amount receivable from divestiture of business	1,450
Scenario Two
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Amount receivable from divestiture of business	$ 50

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	May 05, 2020
Assets
Total noncurrent assets of discontinued operations	$ 6	$ 78
Liabilities
Total current liabilities of discontinued operations	163	94
Discontinued Operations, Held-for-sale | Agriculture and Weather Analytics Segment
Assets
Trade accounts receivable, net of allowance for doubtful accounts	0	0	$ 1,060
Unbilled accounts receivable	0	0	488
Prepaid expenses and other current assets	0	0
Total current assets of discontinued operations	0	0
Property and equipment, net	0	0
Right-of-use assets	6	78
Other classes of assets that are not major	0	0	194
Total noncurrent assets of discontinued operations	6	78
Total assets of discontinued operations	6	78	1,742
Liabilities
Trade accounts payable	0	0	349
Accrued liabilities	0	0
Accrued payroll and related expenses	63	0
Deferred revenue	0	0	1,518
Current Lease Liabilities	100	94
Total current liabilities of discontinued operations	163	94
Noncurrent Lease liabilities	172	261
Total liabilities of discontinued operations	$ 335	$ 355	$ 1,867

Discontinued Operations - Resul

Discontinued Operations - Results of Operations Included in Net Income (Loss) From Discontinued Operations (Details) - USD ($) $ in Thousands	May 05, 2020	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Operating expenses:
Other income (expense)		$ (18)	$ 54	$ 297
Gain on disposal of discontinued operations after income tax		0	11,297	0
Net income (loss) from discontinued operations, net of tax		(180)	9,643	(3,852)
Agriculture and Weather Analytics Segment | Discontinued Operations, Held-for-sale
Results of discontinued operations
Service revenue		0	695	6,714
Cost of service revenues		0	350	2,566
Gross profit		0	345	4,148
Operating expenses:
Selling, general and administration		180	780	3,718
Research and development		0	407	4,282
Restructuring charges		0	837	0
Total operating expenses		180	2,024	8,000
Operating loss from discontinued operations		(180)	(1,679)	(3,852)
Other income (expense)		0	72	0
Loss from discontinued operation before income tax		(180)	(1,607)	(3,852)
Income tax expense			(47)	0
Net loss from discontinued operations		(180)	(1,654)	(3,852)
Gain on disposal of discontinued operations before income tax	$ 11,315	0	11,315	0
Income tax expense on gain on disposal		0	(18)	0
Gain on disposal of discontinued operations after income tax		0	11,297	0
Net income (loss) from discontinued operations, net of tax		$ (180)	$ 9,643	$ (3,852)

Discontinued Operations - Gain

Discontinued Operations - Gain Recorded on Sale (Details) - USD ($) $ in Thousands	May 05, 2020	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred payments of purchase price		$ 0	$ 1,500	$ 0
Discontinued Operations, Held-for-sale | Agriculture and Weather Analytics Segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Initial proceeds from sale, net of transaction costs	$ 9,440
Closing working capital adjustment	250
Deferred payments of purchase price	1,500
Total consideration, net of transaction costs	11,190
Trade accounts receivable, net of allowance for doubtful accounts	1,060	0	0
Unbilled accounts receivable	488	0	0
Other classes of assets that are not major	194	0	0
Total assets of discontinued operations	1,742	6	78
Trade accounts payable	349	0	0
Deferred revenue	1,518	0	0
Total liabilities of discontinued operations	1,867	335	355
Gain on sale of Agriculture and Weather Analytics business	$ 11,315	$ 0	$ 11,315	$ 0

Restructuring Activities (Detai

Restructuring Activities (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Total restructuring charges	$ 1,500	$ 0	$ 619	$ 0

Restructuring Activities - Rest

Restructuring Activities - Restructuring Activities (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2022USD ($)
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 100
Cash payments	(79)
Adjustment to estimated expenses	(21)
Restructuring reserve, ending balance	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Assets, fair value disclosure	$ 0	$ 0
Other-than-temporary impairment of investments	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Assets:
Amortized Cost	$ 16,366	$ 15,449
Gross Unrealized Loss	(106)	0
Gross Unrealized Gain	73	11
Estimated Fair Value	16,333	15,460
Liabilities:
Amortized Cost	1,613	700
Gross Unrealized Loss	(106)	0
Gross Unrealized Gain	72	11
Estimated Fair Value	1,579	711
Level 1
Assets:
Amortized Cost	1,069	4,765
Gross Unrealized Loss	(106)	0
Gross Unrealized Gain	73	11
Estimated Fair Value	1,036	4,776
Level 1 | Money market funds
Assets:
Amortized Cost	71	4,676
Gross Unrealized Loss	0	0
Gross Unrealized Gain	0	0
Estimated Fair Value	71	4,676
Level 1 | Securities held in deferred compensation plan
Assets:
Amortized Cost	998	89
Gross Unrealized Loss	(106)	0
Gross Unrealized Gain	73	11
Estimated Fair Value	965	100
Level 1 | Deferred compensation plan liabilities
Liabilities:
Amortized Cost	1,013	100
Gross Unrealized Loss	(106)	0
Gross Unrealized Gain	72	11
Estimated Fair Value	979	111
Level 2
Assets:
Amortized Cost	15,297	10,684
Gross Unrealized Loss	0	0
Gross Unrealized Gain	0	0
Estimated Fair Value	15,297	10,684
Level 2 | Commercial paper
Assets:
Amortized Cost	7,499	4,999
Gross Unrealized Loss	0	0
Gross Unrealized Gain	0	0
Estimated Fair Value	7,499	4,999
Level 2 | Corporate notes and bonds
Assets:
Amortized Cost	0	1,085
Gross Unrealized Loss	0	0
Gross Unrealized Gain	0	0
Estimated Fair Value	0	1,085
Level 2 | US treasuries
Assets:
Amortized Cost	7,798	4,600
Gross Unrealized Loss	0	0
Gross Unrealized Gain	0	0
Estimated Fair Value	7,798	4,600
Level 3 | Contingent consideration
Liabilities:
Amortized Cost	600	600
Gross Unrealized Loss	0	0
Gross Unrealized Gain	0	0
Estimated Fair Value	$ 600	$ 600

Income Taxes - Components of Cu

Income Taxes - Components of Current and Deferred Federal and State Income Tax (Benefit) Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Components of income tax (benefit) expense
Income (loss) from continuing operations before income taxes	$ (6,726)	$ 606	$ (1,598)
Current income tax provision:
Federal	0	0	0
State	75	67	34
Total current tax provision	75	67	34
Deferred income tax provision:
Federal	33	21	105
State	66	27	21
Total deferred tax provision	99	48	126
Provision for income taxes	174	115	160
Net income (loss) from continuing operations	$ (6,900)	$ 491	$ (1,758)

Income Taxes - Reconciliation a

Income Taxes - Reconciliation and Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Reconciliation of income tax (benefit) provision to taxes computed at U.S. federal statutory rates
Provision (benefit) for income taxes at statutory rates	$ (1,422)	$ 90	$ (1,095)
State income taxes net of federal benefit	(559)	(177)	(198)
Tax credits	(141)	(663)	(658)
Compensation charges	34	313	151
Change in valuation allowance	2,169	523	1,913
Other	93	29	47
Provision for income taxes	174	115	$ 160
Deferred tax assets:
Net operating losses	3,980	2,186
Capitalized R&D	1,808	2,282
Credit carry forwards	4,530	4,088
Deferred compensation and payroll	2,902	2,475
Bad debt allowance and other reserves	1,299	930
Acquired intangibles	129	0
Property and equipment	297	354
Other, net	171	765
Total deferred tax assets	15,116	13,080
Valuation allowance	(14,552)	(12,349)
Total deferred tax assets, net of valuation allowance	564	731
Deferred tax liabilities:
Acquired intangibles	0	(297)
Goodwill	(901)	(672)
Total deferred tax liabilities	(901)	(969)
Net deferred tax liabilities	$ (337)	$ (238)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Operating loss carryforwards
Federal research credits	$ 1,808	$ 2,282
Valuation allowance on deferred tax assets	14,552	12,349
Unrecognized tax benefits	1,198	1,079	$ 952	$ 687
Unrecognized tax benefits netted against certain noncurrent deferred tax assets	1,100	1,000
Unrecognized tax benefits that, if recognized, would affect effective tax rate	1,100	$ 1,000
2031
Operating loss carryforwards
Net operating loss carryforwards	9,900
Federal
Operating loss carryforwards
Federal research credits	3,300
Net operating loss carryforwards	16,000
State
Operating loss carryforwards
Tax credit carryforwards	$ 1,500

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Gross unrecognized tax benefits
Gross unrecognized tax benefits at beginning of year	$ 1,079	$ 952	$ 687
Increases for tax positions taken in prior years	0	35	101
Decreases for tax positions taken in prior years	(29)	0	0
Increases for tax positions taken in the current year	159	104	180
Lapse in statute of limitations	(11)	(12)	(16)
Gross unrecognized tax benefits at end of year	$ 1,198	$ 1,079	$ 952

Right-of-Use Assets and Lease_3

Right-of-Use Assets and Lease Liabilities - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Lessee, Lease, Description [Line Items]
Lease costs	$ 2.9	$ 2.7	$ 2.6
Minimum
Lessee, Lease, Description [Line Items]
Renewal option term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal option term	5 years

Right-of-Use Assets and Lease_4

Right-of-Use Assets and Lease Liabilities - Related Assets and Liabilities on the Balance Sheet (Details) $ in Thousands	Mar. 31, 2022USD ($)
Assets
Total operating lease right-of-use-assets	$ 11,388
Liabilities
Total operating lease liabilities (short-term)	1,547
Total operating lease liabilities (long-term)	10,935
Total operating lease liabilities	12,482
Right-of-use assets
Assets
Total operating lease right-of-use-assets	11,382
Noncurrent assets of discontinued operations
Assets
Total operating lease right-of-use-assets	6
Accrued liabilities
Liabilities
Total operating lease liabilities (short-term)	1,447
Current liabilities of discontinued operations
Liabilities
Total operating lease liabilities (short-term)	100
Lease liabilities
Liabilities
Total operating lease liabilities (long-term)	10,763
Noncurrent liabilities of discontinued operations
Liabilities
Total operating lease liabilities (long-term)	$ 172

Right-of-Use Assets and Lease_5

Right-of-Use Assets and Lease Liabilities - Supplemental Information (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2022USD ($)
Supplemental Information
Cash paid for amounts included in the measurement of operating lease liabilities	$ 2,795
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,544
Weighted average remaining lease term	5 years
Weighted average discount rate	4.80%

Right-of-Use Assets and Lease_6

Right-of-Use Assets and Lease Liabilities - Undiscounted Cash Flows (Details) $ in Thousands	Mar. 31, 2022USD ($)
Operating Leases
2023	$ 2,114
2024	2,809
2025	2,587
2026	2,336
2027	2,391
Thereafter	2,097
Total lease payments	14,334
Less imputed interest	(1,852)
Total operating lease liabilities	12,482
Less current obligations under leases	(1,547)
Lease liabilities	10,935
Sublease Income
2023	9
Total lease payments	9
Net Operating Leases
2023	2,105
2024	2,809
2025	2,587
2026	2,336
2027	2,391
Thereafter	2,097
Total lease payments	$ 14,325

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)	1 Months Ended
	Aug. 31, 2009itemshares	Mar. 31, 2022shares	Mar. 31, 2021shares
Common Stock Warrants
Preferred stock, authorized shares		2,000,000	2,000,000
Preferred stock, outstanding shares		0	0
Stockholder Rights Plan
Common Stock Warrants
Number of shares of Series A Junior Participating Preferred Stock that each right will enable the holder to buy	0.001
Number of preferred stock purchase rights distributed as dividend for each shares of common stock held	1
Number of series of junior participating preferred stock eliminated | item	2

Stockholders' Equity (Details)

Stockholders' Equity (Details) - shares shares in Thousands	Mar. 31, 2022	Mar. 31, 2021
Common Stock Warrants
Stock options outstanding	5,943
Authorized for future issuance under stock incentive plans	2,990
Common stock reserved for future issuance	9,499
Restricted stock units
Common Stock Warrants
Equity instruments other than options outstanding	451	448
Performance Shares
Common Stock Warrants
Equity instruments other than options outstanding	115	68

Employee Benefit Plans - Stock

Employee Benefit Plans - Stock Incentive Plan, Stock Options and RSUs (Details) $ in Millions	1 Months Ended					12 Months Ended
	Sep. 30, 2021shares	Sep. 30, 2015shares	Oct. 31, 2014shares	Sep. 30, 2012shares	Sep. 30, 2009shares	Mar. 31, 2022USD ($)planshares
Employee Benefit Plans
Number of stock incentive plans | plan						2
Options vested and expected to vest, outstanding, aggregate intrinsic value | $						$ 5.9
Stock options
Employee Benefit Plans
Options, exercisable, number (in shares)						3,769,000
2007 Plan
Employee Benefit Plans
Increase in number of shares of common stock authorized and reserved for issuance under the plan		1,000,000	1,500,000	800,000	800,000
Stock options authorized under the plan (in shares)		4,950,000	3,950,000	2,450,000	1,650,000
2007 Plan | Restricted stock units
Employee Benefit Plans
Vesting percentage						25.00%
Vesting period						4 years
Number of shares of common stock receivable upon vesting of each RSU						1
2016 Plan
Employee Benefit Plans
Increase in number of shares of common stock authorized and reserved for issuance under the plan	3,360,000
2016 Plan | Stock options
Employee Benefit Plans
Vesting percentage						25.00%
Vesting period						4 years
Options or other stock-based awards granted (in shares)						3,000,000
2016 Plan | Minimum | Restricted stock units
Employee Benefit Plans
Vesting period						1 year
2016 Plan | Maximum | Stock options
Employee Benefit Plans
Expiration term						10 years
2016 Plan | Maximum | Restricted stock units
Employee Benefit Plans
Vesting period						4 years

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Activity in the Omnibus Incentive Plans (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Options
Expired (in shares)	0
Options outstanding at the end of the period (in shares)	5,943
Weighted Average Exercise Price Per Share
Expired (in dollars per share)	$ 0
Stock options
Options
Options outstanding at the beginning of the period (in shares)	5,623
Granted (in shares)	932
Exercised (in shares)	(489)
Forfeited (in shares)	(123)
Options outstanding at the end of the period (in shares)	5,943	5,623
Weighted Average Exercise Price Per Share
Options outstanding at the beginning of the period (in dollars per share)	$ 4.10
Granted (in dollars per share)	4.95
Exercised (in dollars per share)	2.89
Forfeited (in dollars per share)	4.88
Options outstanding at the end of the period (in dollars per share)	$ 4.32	$ 4.10
Weighted Average Remaining Contractual Life
Options outstanding at the end of the period	6 years 6 months	6 years 9 months 18 days
Aggregate Intrinsic Value
Options outstanding at the end of the period	$ 974	$ 11,659

Employee Benefit Plans - Summ_2

Employee Benefit Plans - Summary of Activity of RSUs (Details) - Restricted stock units - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
# of Shares
Options outstanding at the beginning of the period (in shares)	448
Granted (in shares)	191
Vested (in shares)	(184)
Forfeited (in shares)	(4)
Options outstanding at the end of the period (in shares)	451	448
Weighted Average Price Per Share
Options outstanding at the beginning of the period (in dollars per share)	$ 4.08
Granted (in dollars per share)	5
Vested (in dollars per share)	4.92
Forfeited (in dollars per share)	4.80
Options outstanding at the end of the period (in dollars per share)	$ 4.12	$ 4.08
Weighted Average Remaining Life
RSUs outstanding at the end of the period	7 years 6 months	7 years 9 months 18 days
Aggregate Intrinsic Value
RSUs outstanding at the end of the period (in dollars)	$ 1,271	$ 2,764

Employee Benefit Plans - Summ_3

Employee Benefit Plans - Summary of the Details of Performance Stock Units (Details)	12 Months Ended
	Mar. 31, 2022$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum achievement percentage	2
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
Service period	3 years
# of Shares
Options outstanding at the beginning of the period (in shares)	68,000
Granted (in shares)	64,000
Forfeited (in shares)	(17,000)
Options outstanding at the end of the period (in shares)	115,000
Weighted Average Price Per Share
Options outstanding at the beginning of the period (in dollars per share) | $ / shares	$ 5.47
Granted (in dollars per share) | $ / shares	7.26
Forfeited (in dollars per share) | $ / shares	6.37
Options outstanding at the end of the period (in dollars per share) | $ / shares	$ 6.33
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.00%
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	160.00%
Performance Shares | Share-based Payment Arrangement, Nonemployee
# of Shares
Granted (in shares)	132,403

Employee Benefit Plans - Stoc_2

Employee Benefit Plans - Stock Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Stock-Based Compensation
Total stock-based compensation	$ 3,401	$ 2,845	$ 2,785
Stock options
Stock-Based Compensation
Unrecognized compensation expense	$ 4,600
Weighted average period over which compensation expense is expected to be recognized	2 years 9 months 18 days
Restricted stock units
Stock-Based Compensation
Unrecognized compensation expense	$ 1,300
Weighted average period over which compensation expense is expected to be recognized	2 years 7 months 6 days
Phantom Share Units (PSUs)
Stock-Based Compensation
Unrecognized compensation expense	$ 400
Weighted average period over which compensation expense is expected to be recognized	1 year 8 months 12 days
Cost of revenues
Stock-Based Compensation
Total stock-based compensation	$ 242	209	143
General and Administrative
Stock-Based Compensation
Total stock-based compensation	2,574	2,359	2,116
Sales and marketing
Stock-Based Compensation
Total stock-based compensation	340	158	156
Research and development expense
Stock-Based Compensation
Total stock-based compensation	245	134	81
Restructuring activities
Stock-Based Compensation
Total stock-based compensation	0	42	0
Loss from discontinued operations
Stock-Based Compensation
Total stock-based compensation	$ 0	$ (57)	$ 290

Employee Benefit Plans - Stoc_3

Employee Benefit Plans - Stock Options Granted (Details) - Stock options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Weighted average assumptions used in estimating the grant date fair value of stock options granted
Expected life—years	7 years 2 months 12 days	6 years 8 months 12 days	6 years 9 months 18 days
Risk-free interest rate	1.50%	1.00%	2.20%
Expected volatility of common stock	49.00%	47.00%	47.00%
Dividend yield	0.00%	0.00%	0.00%
Fair value and intrinsic value information
Weighted average grant date fair value per share of options granted (in dollars per share)	$ 2.58	$ 2.38	$ 2.52
Intrinsic value of options exercised	$ 1,966	$ 1,494	$ 378

Employee Benefit Plans - Employ

Employee Benefit Plans - Employee Incentive Programs (Details) - USD ($)	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Profit Sharing Plan
Employee incentive programs
Employer contribution under plan	$ 0	$ 0	$ 0
401 (k) Plan
Employee incentive programs
Employer contribution under plan	$ 1,800,000	$ 1,400,000	$ 1,300,000
Employer matching contribution (as a percent)	50.00%
Vesting period of employer matching contributions	1 month

Employee Benefit Plans - Other

Employee Benefit Plans - Other Stock-Based Compensation Plans (Details)	Jan. 01, 2018USD ($)offeringPeriod	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)shares	Mar. 31, 2020USD ($)shares
Other Stock-Based Compensation Plans
Stock-based compensation expense | $		$ 3,401,000	$ 2,902,000	$ 2,495,000
Deferred compensation plans, amount invested | $		1,000,000
Deferred compensation plans, amount vested | $		$ 1,000,000
Restricted stock units
Other Stock-Based Compensation Plans
Granted (in shares) | shares		191,000
Inducement Plan
Other Stock-Based Compensation Plans
Stock options authorized under the plan (in shares) | shares		300,000
Granted (in shares) | shares		0
Inducement Plan | Stock options
Other Stock-Based Compensation Plans
Granted (in shares) | shares			95,000
Inducement Plan | Restricted stock units
Other Stock-Based Compensation Plans
Granted (in shares) | shares		0	84,914
ESPP
Other Stock-Based Compensation Plans
Purchase price of common stock (as a percent)	95.00%
Number of offering periods | offeringPeriod	2
Duration of offering period	6 months
Annual stock value | $	$ 30,000
Number of share repurchases | shares		95,000	97,000	91,000
Stock-based compensation expense | $		$ 0
Restricted cash | $		$ 100,000
ESPP | Minimum
Other Stock-Based Compensation Plans
Employer matching contribution (as a percent)	1.00%
ESPP | Maximum
Other Stock-Based Compensation Plans
Employer matching contribution (as a percent)	15.00%

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 06, 2014	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Aug. 31, 2012	Mar. 31, 2022	May 12, 2022	Aug. 09, 2012	Aug. 31, 2011
Stock Repurchase Program
Number of shares acquired		0	0	0		2,458,000
Value of common stock repurchased						$ 4.3
Average price per share of common stock repurchased (in dollars per share)						$ 1.73
Subsequent Events
Stock Repurchase Program
Value of common stock approved under stock repurchase program							$ 10
August 2011 Program
Stock Repurchase Program
Number of shares acquired					964,000
Value of common stock repurchased					$ 1.3
August 2011 Program | Maximum
Stock Repurchase Program
Value of common stock approved under stock repurchase program									$ 3
August 2012 Program
Stock Repurchase Program
Value of remaining funds cancelled under initial stock repurchase program								$ 1.7
Increase in the authorized amount for repurchase of common stock	$ 3
Value of common stock available for repurchase under current program		$ 1.7				$ 1.7
August 2012 Program | Maximum
Stock Repurchase Program
Value of common stock approved under stock repurchase program								$ 3

Acquisitions (Details)

Acquisitions (Details)	Dec. 07, 2020USD ($)	Jul. 02, 2019USD ($)shares	Mar. 31, 2022	Mar. 31, 2022segment	Mar. 31, 2022reporting_unit	Mar. 31, 2021segment
Purchased intangible assets
Number of operating segments				1	3	2
AGI
Purchased intangible assets
Purchase price		$ 10,800,000
Number of shares held in escrow account | shares		114,943
Period in which shares held in escrow account		18 months
TrafficCast International
Purchased intangible assets
Purchase price	$ 17,731,000
Consideration transferred, cash paid	$ 1,000,000
Consideration transferred, earn out term			2 years

Acquisitions - TrafficCast Fair

Acquisitions - TrafficCast Fair Value of the Consideration Transferred (Details) - TrafficCast International $ in Thousands	Dec. 07, 2020USD ($)
Acquisition
Cash	$ 15,000
Security hold back	1,000
Acquisition-related liabilities	1,131
Contingent consideration	600
Total	$ 17,731

Acquisitions - TrafficCast Purc

Acquisitions - TrafficCast Purchase Price Allocation (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Dec. 17, 2020	Mar. 31, 2020
Purchased intangible assets
Goodwill	$ 28,340	$ 28,340		$ 20,590
TrafficCast International
Purchased intangible assets
Trade accounts receivable			$ 2,087
Unbilled accounts receivable			596
Inventories			941
Right-of-use assets			193
Property and equipment			233
Intangible assets			9,500
Goodwill			7,750
Other assets			242
Total assets acquired			21,542
Accounts payable			1,026
Deferred revenue			2,460
Lease liabilities			193
Other liabilities			132
Total liabilities assumed			3,811
Total purchase price			$ 17,731

Acquisitions - TrafficCast Fa_2

Acquisitions - TrafficCast Fair Values and Useful Lives of the Identifiable Intangible Assets (Details) - TrafficCast International $ in Thousands	Dec. 17, 2020USD ($)
Purchased intangible assets
Total intangible assets assumed	$ 9,500
Customer relationships
Purchased intangible assets
Total intangible assets assumed	$ 5,800
Weighted Average  Useful Life	7 years
Technology
Purchased intangible assets
Total intangible assets assumed	$ 3,700
Weighted Average  Useful Life	4 years

Acquisitions - Purchase Price A

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Jul. 02, 2019
Acquisition
Goodwill	$ 28,340	$ 28,340	$ 20,590
AGI
Acquisition
Cash				$ 664
Trade accounts receivable				905
Unbilled accounts receivable				347
Right-of-use assets				863
Property and equipment				357
Intangible assets				3,710
Goodwill				5,440
Other assets				161
Total assets acquired				12,447
Accounts payable				(378)
Accrued payroll and related expenses				(426)
Lease liabilities				(863)
Total liabilities assumed				(1,667)
Total purchase price				$ 10,780

Acquisitions - Fair Values and

Acquisitions - Fair Values and Useful Lives of the Identifiable Intangible Assets (Details) - AGI $ in Thousands	Jul. 02, 2019USD ($)
Intangible Assets
Intangible assets	$ 3,710
Customer relationships
Intangible Assets
Intangible assets	$ 3,500
Weighted Average  Useful Life	6 years
Non-compete agreement
Intangible Assets
Intangible assets	$ 210
Weighted Average  Useful Life	3 years

Acquisitions - Acquisition-Rela

Acquisitions - Acquisition-Related Costs (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 02, 2019	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
AGI
Acquisition
Retention bonuses	$ 1.7
Per share amount of granted shares (in dollars per share)	$ 5.22
Amount of retention bonuses payable in cash	$ 0.6
Vesting period	3 years
Stock based compensation and salaries expense		$ 0.7	$ 0.7	$ 1
Acquisition related costs				$ 0.7
TrafficCast International
Acquisition
Acquisition related costs			$ 0.4

Business Segments, Significan_3

Business Segments, Significant Customer and Geographic Information - Narrative (Details) - Agriculture and Weather Analytics Segment $ in Millions	12 Months Ended
	Mar. 31, 2021USD ($)
Business Segments
Disposal group, including discontinued operation, consideration	$ 12
Restructuring costs	$ 1.5

Business Segments, Significan_4

Business Segments, Significant Customer and Geographic Information - Concentration Risk (Details) - Customer - Receivable - Customer	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Customer concentration
Number of customers or government agencies	0	0
Maximum
Customer concentration
Percentage of concentration risk	10.00%	10.00%

Business Segments, Significan_5

Business Segments, Significant Customer and Geographic Information - Percentage of Revenue by Geographic Region (Details) - Sales Revenue, Net - Geographic Concentration Risk	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Non-US
Percentage of revenues by geographic region derived from shipments to, or contract, service and other revenues from, external customers located outside the U.S.
Percentage of total net sales and contract revenues	0.00%	1.00%	1.00%
Canada
Percentage of revenues by geographic region derived from shipments to, or contract, service and other revenues from, external customers located outside the U.S.
Percentage of total net sales and contract revenues	0.00%	1.00%	0.00%
Europe
Percentage of revenues by geographic region derived from shipments to, or contract, service and other revenues from, external customers located outside the U.S.
Percentage of total net sales and contract revenues	0.00%	0.00%	1.00%

Long-Term Debt (Details)

Long-Term Debt (Details) - Revolving Credit Facility - Line of Credit - USD ($)	Jan. 25, 2022	Mar. 31, 2022
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 20,000,000
Increase limit in revolving commitments	$ 40,000,000
Leverage ratio, maximum	300.00%
Leverage ratio, minimum	100.00%
Fixed charge coverage ratio, maximum	125.00%
Fixed charge coverage ratio, minimum	100.00%
Amounts borrowed		$ 0
Capitalized deferred financing costs		$ 300,000
Minimum
Line of Credit Facility [Line Items]
Unused commitment fee percentage	0.25%
Minimum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%
Minimum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Maximum
Line of Credit Facility [Line Items]
Unused commitment fee percentage	0.35%
Maximum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.80%
Maximum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.80%