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Accounts Receivable - Net
 3 Months Ended
Jun. 30, 2013
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, they may not, at any point in time, directly relate to the balances in the open trade accounts receivable.
Accounts receivable — net is comprised of the following:

 
 
June 30, 2013
 
 
 
March 31, 2013
 
Accounts receivable — trade
 
$
37,545,000
 
 
 
$
40,686,000
 
Allowance for bad debts
  
(1,084,000
)
 
  
(1,019,000
)
Customer allowances earned
  
(10,524,000
)
 
  
(11,160,000
)
Customer payment discrepancies
  
(518,000
)
 
  
(514,000
)
Customer returns RGA issued
  
(4,809,000
)
 
  
(4,966,000
)
Customer core returns accruals
  
(20,681,000
)
 
  
(19,338,000
)
Less: total accounts receivable offset accounts
  
(37,616,000
)
 
  
(36,997,000
)
 
    
 
    
Total accounts receivable — net
 
$
(71,000
)
 (1)
 
$
3,689,000
 
 
(1)Accounts receivable—net has been reclassified and included in accrued liabilities in the consolidated balance sheet at June 30, 2013.

During the three months ended June 30, 2013, $4,377,000 of accounts receivable at Fenco was deconsolidated from the consolidated financial statements of the Company (See Note 2).

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, 2013, the warranty return accrual of $1,688,000 on the credits issued for the returns received was included under the customer returns RGA issued in the above table of accounts receivable – net and the warranty return estimate of $3,614,000 was included in customer finished goods returns accrual in the consolidated balance sheets. During the three months ended June 30, 2013, $5,642,000 of warranty return accrual at Fenco was deconsolidated from the consolidated financial statements of the Company (See Note 2).

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

 
 
Three Months Ended
 
 
 
June 30,
 
 
 
2013
  
2012
 
Balance at beginning of period
 
$
6,205,000
  
$
4,426,000
 
Charged to expense
  
11,368,000
   
11,747,000
 
Amounts processed
  
(12,271,000
)
  
(11,486,000
)
 
        
Balance at end of period
 
$
5,302,000
  
$
4,687,000