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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 31,698,000 $ 61,230,000
Short -term investments 1,339,000 699,000
Accounts receivable - net 899,000 24,799,000
Inventory - net 53,973,000 56,829,000
Inventory unreturned 10,641,000 7,833,000
Deferred income taxes 23,219,000 22,998,000
Prepaid expenses and other current assets 11,265,000 7,407,000
Total current assets 133,034,000 181,795,000
Plant and equipment - net 15,360,000 12,535,000
Long-term core inventory - net (Note 5) 231,382,000 188,950,000
Long-term core inventory deposits (Note 5) [1] 5,569,000 31,571,000
Long-term deferred income taxes 238,000 261,000
Goodwill 2,552,000 0
Intangible assets - net 4,863,000 2,574,000
Other assets 3,418,000 3,195,000
TOTAL ASSETS 396,416,000 420,881,000
Current liabilities:    
Accounts payable 69,648,000 61,893,000
Accrued liabilities 16,948,000 10,096,000
Customer finished goods returns accrual 19,205,000 19,678,000
Accrued core payment 8,916,000 13,190,000
Revolving loan 15,000,000 0
Other current liabilities 3,748,000 2,471,000
Current portion of term loan 3,070,000 7,733,000
Total current liabilities 136,535,000 115,061,000
Term loan, less current portion 21,517,000 71,489,000
Long-term accrued core payment 22,024,000 23,880,000
Other liabilities 21,400,000 20,248,000
Total liabilities $ 201,476,000 $ 230,678,000
Commitments and contingencies
Preferred stock $ 0 $ 0
Common stock; par value $.01 per share, 50,000,000 shares authorized; 18,315,871 and 17,974,598 shares issued and outstanding at September 30, 2015 and March 31, 2015, respectively 183,000 180,000
Additional paid-in capital 197,327,000 191,279,000
Accumulated other comprehensive loss (4,350,000) (2,518,000)
Retained earnings 1,780,000 1,262,000
Total shareholders' equity 194,940,000 190,203,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 396,416,000 420,881,000
Series A junior participating preferred stock [Member]    
Preferred stock $ 0 $ 0
[1] During the three months ended September 30, 2015, the Company completed the core buy-back program with one of its largest customers. As a result of the completion of this buy-back program and related long-term core inventory reconciliations, $25,805,000 from the long-term core inventory deposits account was transferred to the remanufactured cores held at customers' locations account within long-term core inventory. At March 31, 2015, $26,002,000 of remanufactured cores in connection with this core buy-back program was included in long-term core inventory deposits.