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Accounts Receivable - Net | 9 Months Ended
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Dec. 31, 2020
Accounts Receivable - Net [Abstract] |
Accounts Receivable - Net | 3. Accounts Receivable — Net The Company has trade accounts receivable that result from the sale of goods and services. Accounts receivable — net includes offset accounts related to customer payment discrepancies, returned goods authorizations (“RGAs”) issued for in-transit unit returns, and allowances for credit losses. The Company believes its credit risk with respect to trade accounts receivable is limited due to its credit evaluation process and the long-term nature of its relationships with its largest customers. The Company utilizes a historical loss rate method, adjusted for any changes in economic conditions or risk characteristics, to estimate its expected credit losses each period. When developing an estimate of expected credit losses, the Company considers all available relevant information regarding the collectability of cash flows, including historical information, current conditions, and reasonable and supportable forecasts of future economic conditions over the contractual life of the receivable. The historical loss rate method considers past write-offs of trade accounts receivable over a period commensurate with the initial term of the Company’s contracts with its customers. The Company recognizes the allowance for credit losses at inception and reassesses quarterly based on management’s expectation of the asset’s collectability. The Company’s accounts receivable are short-term in nature and written off only when all collection attempts have failed. The Company uses receivable discount programs with certain customers and their respective banks (see Note 10). Accounts receivable — net is comprised of the following:
|  | December 31, 2020 |  |  | March 31, 2020 |
Accounts receivable — trade |  | $ | 56,568,000 |  |  | $ | 109,164,000 |
Allowance for credit losses |  |  | (328,000 | ) |  |  | (4,252,000 | )
Customer payment discrepancies |  |  | (531,000 | ) |  |  | (1,040,000 | )
Customer returns RGA issued |  |  | (10,438,000 | ) |  |  | (12,124,000 | )
Total accounts receivable — net |  | $ | 45,271,000 |  |  | $ | 91,748,000 |
The following table provides a roll-forward of the allowance for credit losses that is deducted from accounts receivable to present the net amount expected to be collected. During the nine months ended December 31, 2020, the Company wrote off amounts previously fully reserved for in connection the bankruptcy filing of one of its customers.
|  | Nine Months Ended |
|  | December 31, 2020 |
Balance at beginning of period |  | $ | 4,252,000 |
Provision for expected credit losses |  |  | 74,000 |
Recoveries |  |  | (100,000 | )
Amounts written off charged against the allowance |  |  | (3,898,000 | )
Balance at end of period |  | $ | 328,000 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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