Accounts Receivable - Net (Tables)

12 Months Ended

Mar. 31, 2019

Accounts Receivable - Net [Abstract]

Impact of Adoption of New Revenue Recognition Standard on Accounts Receivable

The adoption of the new revenue recognition standard (see Note 4) impacted the previously reported accounts receivable—net, at March 31, 2018 as follows:

	March 31, 2018
	As Previously Reported			Adoption of ASC 606			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.

Accounts Receivable

Accounts receivable — net is comprised of the following at March 31:

	2019			2018
Accounts receivable — trade	$	75,847,000		$	83,700,000
Allowance for bad debts		(4,100,000	)		(4,142,000	)
Customer payment discrepancies		(854,000	)		(1,110,000	)
Customer returns RGA issued		(14,878,000	)		(15,274,000	)
Less: total accounts receivable offset accounts		(19,832,000	)		(20,526,000	)
Total accounts receivable — net	$	56,015,000		$	63,174,000

Change in Warranty Return Accrual

The following summarizes the change in the Company’s warranty return accrual:

	Years Ended March 31,
	2019			2018			2017
Balance at beginning of period	$	16,646,000		$	14,286,000		$	10,845,000
Acquisition (1)		221,000			-			-
Charged to expense		111,321,000			105,156,000			99,673,000
Amounts processed		(108,713,000	)		(102,796,000	)		(96,232,000	)
Balance at end of period	$	19,475,000		$	16,646,000		$	14,286,000

____________

(1)

Warranty reserve established in the opening balance sheet in connection with the Company’s Dixie acquisition.