Accounts Receivable - Net

9 Months Ended

Dec. 31, 2022

Accounts Receivable - Net [Abstract]

Accounts Receivable - Net

3. Accounts Receivable — Net

The Company has trade accounts receivable that result from the sale of goods and services. Accounts receivable — net includes offset accounts related to allowances for credit losses, customer payment discrepancies, and returned goods authorizations (“RGAs”) issued for in-transit unit returns. The Company uses receivable discount programs with certain customers and their respective banks (see Note 10).

Accounts receivable — net is comprised of the following:

	December 31, 2022			March 31, 2022
Accounts receivable — trade	$	92,112,000		$	98,734,000
Allowance for credit losses		(192,000	)		(375,000	)
Customer payment discrepancies		(1,446,000	)		(1,375,000	)
Customer returns RGA issued		(14,941,000	)		(11,909,000	)
Total accounts receivable — net	$	75,533,000		$	85,075,000