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v3.23.2

Contract Assets | 3 Months Ended
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Jun. 30, 2023
Contract Assets [Abstract] |
Contract Assets | 5. Contract Assets During the three months ended June 30, 2023 and 2022, the Company reduced the carrying value of Remanufactured Cores held at customers’ locations by $778,000 and $572,000, respectively. Contract assets are comprised of the following:
|  | June 30, 2023 |  |  | March 31, 2023 |
Short-term contract assets |  |  |  |  |  |
Cores expected to be returned by customers |  | $ | 15,915,000 |  |  | $ | 13,463,000 |
Core premiums paid to customers |  |  | 9,775,000 |  |  |  | 9,812,000 |
Upfront payments to customers |  |  | 1,458,000 |  |  |  | 1,593,000 |
Finished goods premiums paid to customers |  |  | 584,000 |  |  |  | 575,000 |
Total short-term contract assets |  | $ | 27,732,000 |  |  | $ | 25,443,000 |
Remanufactured cores held at customers’ locations |  | $ | 268,906,000 |  |  | $ | 271,628,000 |
Core premiums paid to customers |  |  | 36,401,000 |  |  |  | 38,310,000 |
Long-term core inventory deposits |  |  | 5,569,000 |  |  |  | 5,569,000 |
Finished goods premiums paid to customers |  |  | 2,651,000 |  |  |  | 2,530,000 |
Upfront payments to customers |  |  | 936,000 |  |  |  | 344,000 |
Total long-term contract assets |  | $ | 314,463,000 |  |  | $ | 318,381,000 |

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