Accounts Receivable - Net (Tables)

9 Months Ended

Dec. 31, 2018

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:

	December 31, 2018			March 31, 2018
Accounts receivable — trade	$	82,208,000		$	83,700,000
Allowance for bad debts		(4,363,000	)		(4,142,000	)
Customer payment discrepancies		(811,000	)		(1,110,000	)
Customer returns RGA issued		(22,273,000	)		(15,274,000	)
Less: total accounts receivable offset accounts		(27,447,000	)		(20,526,000	)
Total accounts receivable — net	$	54,761,000		$	63,174,000

Change in Warranty Return Accrual

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

	Three Months Ended December 31,						Nine Months Ended December 31,
	2018			2017			2018			2017
Balance at beginning of period	$	16,410,000		$	14,799,000		$	16,646,000		$	14,286,000
Charged to expense/additions		29,655,000			38,269,000			84,408,000			89,834,000
Amounts processed		(26,913,000	)		(24,048,000	)		(81,902,000	)		(75,100,000	)
Balance at end of period	$	19,152,000		$	29,020,000		$	19,152,000		$	29,020,000