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Contract Assets | 9 Months Ended
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Dec. 31, 2020
Contract Assets [Abstract] |
Contract Assets | 5. Contract Assets During the three and nine months ended December 31, 2020, the Company reduced the carrying value of Remanufactured Cores held at customers’ locations by $1,304,000 and $3,580,000, respectively. Contract assets are comprised of the following:
|  | December 31, 2020 |  |  | March 31, 2020 |
Short-term contract assets |  |  |  |  |  |
Cores expected to be returned by customers |  | $ | 17,231,000 |  |  | $ | 12,579,000 |
Upfront payments to customers |  |  | 1,175,000 |  |  |  | 2,865,000 |
Core premiums paid to customers |  |  | 6,976,000 |  |  |  | 4,888,000 |
Total short-term contract assets |  | $ | 25,382,000 |  |  | $ | 20,332,000 |
Long-term contract assets |  |  |  |  |  |  |  |
Remanufactured cores held at customers' locations |  | $ | 216,108,000 |  |  | $ | 217,616,000 |
Upfront payments to customers |  |  | 334,000 |  |  |  | 589,000 |
Core premiums paid to customers |  |  | 26,533,000 |  |  |  | 15,766,000 |
Long-term core inventory deposits |  |  | 5,569,000 |  |  |  | 5,569,000 |
Total long-term contract assets |  | $ | 248,544,000 |  |  | $ | 239,540,000 |

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