Accrued Core Payment

12 Months Ended

Mar. 31, 2017

9. Accrued Core Payment

At March 31, 2017 and 2016, the Company recorded $24,063,000 and $26,539,000, respectively, representing the net accrued core payment for the Remanufactured Core inventory purchased from its customers, which are held by these customers and remain on their premises.

Future repayments for accrued core payment are as follows:

Year Ending March 31,
2018	$	12,185,000
2019		10,821,000
2020		1,410,000
2021		354,000
Total accrued core payment		24,770,000
Less amount representing interest		(707,000	)
Present value of accrued core payment		24,063,000
Less current portion of accrued core payment		(11,714,000	)

Long-term portion of accrued core payment	$	12,349,000