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Inventory

3 Months Ended

Jun. 30, 2014

5. Inventory

Inventory is comprised of the following:

	June 30, 2014			March 31, 2014
Non-core inventory
Raw materials	$	18,084,000		$	18,787,000
Work-in-process		239,000			124,000
Finished goods		30,902,000			30,197,000
		49,225,000			49,108,000
Less allowance for excess and obsolete inventory		(1,754,000	)		(1,862,000	)
Total	$	47,471,000		$	47,246,000

Inventory unreturned	$	7,328,000		$	7,534,000
Long-term core inventory
Used cores held at the Company's facilities	$	25,142,000		$	23,718,000
Used cores expected to be returned by customers		5,857,000			6,160,000
Remanufactured cores held in finished goods		20,139,000			18,093,000
Remanufactured cores held at customers' locations		98,936,000			96,351,000
		150,074,000			144,322,000
Less allowance for excess and obsolete inventory		(654,000	)		(846,000	)
Total	$	149,420,000		$	143,476,000

Long-term core inventory deposits	$	29,638,000		$	29,375,000

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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