Accounts Receivable - Net

3 Months Ended

Jun. 30, 2015

Accounts Receivable - Net [Abstract]

Accounts Receivable - Net

4. Accounts Receivable — Net

Included in accounts receivable — net are significant offset accounts related to customer allowances earned, customer payment discrepancies, returned goods authorizations (“RGA”) issued for in-transit unit returns, estimated future credits to be provided for Used Cores returned by the customers and potential bad debts. Due to the forward looking nature and the different aging periods of certain estimated offset accounts, the offset accounts may not, at any point in time, directly relate to the balances in the accounts receivable-trade account.

Accounts receivable — net is comprised of the following:

	June 30, 2015			March 31, 2015
Accounts receivable — trade	$	54,526,000		$	62,171,000
Allowance for bad debts		(534,000	)		(629,000	)
Customer allowances earned		(7,577,000	)		(7,221,000	)
Customer payment discrepancies		(818,000	)		(852,000	)
Customer returns RGA issued		(7,349,000	)		(7,029,000	)
Customer core returns accruals		(27,619,000	)		(21,641,000	)
Less: total accounts receivable offset accounts		(43,897,000	)		(37,372,000	)
Total accounts receivable — net	$	10,629,000		$	24,799,000

Warranty Returns

The Company allows its customers to return goods to the Company that their end-user customers have returned to them, whether the returned item is or is not defective (warranty returns). The Company accrues an estimate of its exposure to warranty returns based on a historical analysis of the level of this type of return as a percentage of total unit sales. Amounts charged to expense for these warranty returns are considered in arriving at the Company’s net sales. At June 30, 2015 and March 31, 2015, the Company’s total warranty return accrual was $9,785,000 and $10,904,000, respectively, of which of $3,040,000 and $3,746,000, respectively, was included in the customer returns RGA issued balance in the above table for expected credits to be issued against accounts receivable and $6,745,000 and $7,158,000, respectively, was included in the customer finished goods returns accrual in the consolidated balance sheets for estimated future warranty returns.

Change in the Company’s warranty return accrual is as follows:

	Three Months Ended June 30,
	2015			2014
Balance at beginning of period	$	10,904,000		$	8,039,000
Charged to expense/additions		17,371,000			13,007,000
Amounts processed		(18,490,000	)		(13,998,000	)
Balance at end of period	$	9,785,000		$	7,048,000