Accrued Core Payment

12 Months Ended

Mar. 31, 2016

10. Accrued Core Payment

At March 31, 2016 and 2015, the Company recorded $26,539,000 and $37,070,000, respectively, representing the net accrued core payments for the cores purchased from its customers, which are held by these customers and remain on their premises.

Future repayments for accrued core payments are as follows:

Year Ending March 31,
2017	$	9,536,000
2018		9,442,000
2019		8,567,000
Total accrued core payments		27,545,000
Less amount representing interest		(1,006,000	)
Present value of accrued core payments		26,539,000
Less current portion of accrued core payments		(8,989,000	)

Long-term portion of accrued core payments	$	17,550,000