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Receivables and Allowance for Doubtful Accounts
9 Months Ended
Dec. 31, 2017
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Receivables and Allowance For Doubtful Accounts

3.

RECEIVABLES AND ALLOWANCE FOR DOUBTFUL ACCOUNTS

Receivables include trade receivables, net of an allowance for doubtful accounts, refundable income taxes and other miscellaneous receivables. Receivables at December 31, 2017 and March 31, 2017 consisted of the following:

 

 

December 31,

2017

 

 

March 31,

2017

 

 

 

(In thousands)

 

Trade receivables

 

$

159,343

 

 

$

160,655

 

Refundable income taxes

 

 

 

 

 

1,468

 

Other miscellaneous receivables

 

 

17,599

 

 

 

6,820

 

Receivables

 

$

176,942

 

 

$

168,943

 

As of December 31, 2017, Other miscellaneous receivables includes an insurance recoverable of approximately $3.1 million, which has a corresponding liability recorded in Other accrued liabilities, and approximately $7.2 million related to the cash surrender value of officer life insurance on key senior management executives, as the Company discontinued offering this benefit. During the nine months ended December 31, 2017, the Company collected $6.0 million in proceeds from the sale of the officer life insurance.