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Accounts Receivable - Net | 3 Months Ended
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Jun. 30, 2018
Accounts Receivable - Net [Abstract] |
Accounts Receivable - Net | 5. Accounts Receivable — Net The adoption of the new revenue recognition standard (see Note 3) impacted the previously reported accounts receivable - net, at March 31, 2018 as follows:
|  | March 31, 2018 |
|  | As Previously Reported |  |  | Adoption of ASU 2014-09 |  |  |  | As Adjusted |
Accounts receivable — trade |  | $ | 83,700,000 |  |  | $ | - |  |  |  | $ | 83,700,000 |
Allowance for bad debts |  |  | (4,142,000 | ) |  |  | - |  |  |  |  | (4,142,000 | )
Customer allowances earned |  |  | (11,370,000 | ) |  |  | 11,370,000 | (1 | ) |  |  | - |
Customer payment discrepancies |  |  | (1,110,000 | ) |  |  | - |  |  |  |  | (1,110,000 | )
Customer returns RGA issued |  |  | (15,274,000 | ) |  |  | - |  |  |  |  | (15,274,000 | )
Customer core returns accruals |  |  | (36,066,000 | ) |  |  | 36,066,000 | (2 | ) |  |  | - |
Less: total accounts receivable offset accounts |  |  | (67,962,000 | ) |  |  | 47,436,000 |  |  |  |  | (20,526,000 | )
Total accounts receivable — net |  | $ | 15,738,000 |  |  | $ | 47,436,000 |  |  |  | $ | 63,174,000 |
| (1) | Customer allowances earned have been reclassified to contract liabilities in the consolidated balance sheet at March 31, 2018.
| (2) | Customer core returns accruals of $4,697,000 have been reclassified to contract liabilities and customer core returns accruals of $31,369,000 have been reclassified to long-term contract liabilities in the consolidated balance sheet at March 31, 2018.
Included in accounts receivable — net are significant offset accounts related to customer payment discrepancies, returned goods authorizations (“RGA”) issued for in-transit unit returns, and potential bad debts. Accounts receivable — net is comprised of the following:
|  | June 30, 2018 |  |  | March 31, 2018 |
Accounts receivable — trade |  | $ | 61,605,000 |  |  | $ | 83,700,000 |
Allowance for bad debts |  |  | (4,119,000 | ) |  |  | (4,142,000 | )
Customer payment discrepancies |  |  | (552,000 | ) |  |  | (1,110,000 | )
Customer returns RGA issued |  |  | (16,424,000 | ) |  |  | (15,274,000 | )
Less: total accounts receivable offset accounts |  |  | (21,095,000 | ) |  |  | (20,526,000 | )
Total accounts receivable — net |  | $ | 40,510,000 |  |  | $ | 63,174,000 |
Warranty Returns The Company allows its customers to return goods that their customers have returned to them, whether or not the returned item is 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, 2018 and March 31, 2018, the Company’s total warranty return accrual was $14,543,000 and $16,646,000, respectively, of which $7,648,000 and $7,204,000, respectively, was included in the customer returns RGA issued balance in the above table for expected credits to be issued against accounts receivable and $6,895,000 and $9,442,000, respectively, was included in the customer finished goods returns accrual in the consolidated balance sheets for estimated future warranty returns. The following summarizes the changes in the Company’s warranty return accrual:
|  | Three Months Ended June 30, |
|  | 2018 |  |  | 2017 |
Balance at beginning of period |  | $ | 16,646,000 |  |  | $ | 14,286,000 |
Charged to expense/additions |  |  | 23,893,000 |  |  |  | 22,206,000 |
Amounts processed |  |  | (25,996,000 | ) |  |  | (23,643,000 | )
Balance at end of period |  | $ | 14,543,000 |  |  | $ | 12,849,000 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5074-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5162-111524 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5066-111524 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(6)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996 + Details
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