Accrued Core Payment

12 Months Ended

Mar. 31, 2018

10. Accrued Core Payment

At March 31, 2018 and 2017, the Company recorded $35,009,000 and $24,063,000, respectively, representing the net accrued core payment for the Remanufactured Core inventory purchased from its customers, which are held by these customers and remain on their premises.

Future repayments for accrued core payment are as follows:

Year Ending March 31,
2019	$	17,421,000
2020		7,865,000
2021		6,651,000
2022		4,841,000
Total accrued core payment		36,778,000
Less amount representing interest		(1,769,000	)
Present value of accrued core payment		35,009,000
Less current portion of accrued core payment		(16,536,000	)
Long-term portion of accrued core payment	$	18,473,000