Commitments and Contingencies

6 Months Ended

Sep. 30, 2023

Commitments and Contingencies [Abstract]

Commitments and Contingencies

16. Commitments and Contingencies

Warranty Returns

The Company allows its customers to return goods that their consumers have returned to them, whether or not the returned item is 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 unit sales. Amounts charged to expense for these warranty returns are considered in arriving at the Company’s net sales.

The following summarizes the changes in the warranty returns:

	Three Months Ended September 30,						Six Months Ended September 30,
	2023			2022			2023			2022
Balance at beginning of period	$	16,677,000		$	17,868,000		$	19,830,000		$	20,125,000
Charged to expense		37,022,000			33,895,000			68,134,000			64,815,000
Amounts processed		(37,502,000	)		(33,302,000	)		(71,767,000	)		(66,479,000	)
Balance at end of period	$	16,197,000		$	18,461,000		$	16,197,000		$	18,461,000

Contingencies

The Company is subject to various lawsuits and claims. In addition, government agencies and self-regulatory organizations have the ability to conduct periodic examinations of and administrative proceedings regarding the Company’s business, and its compliance with law, code, and regulations related to matters including, but not limited to, environmental, information security, taxes, levies, tariffs and such.