| Contract Assets |
Contract assets are comprised of the following:
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| |
March 31, 2026
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March 31, 2025
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Short-term contract assets
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| | | |
| | | |
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Cores expected to be returned by customers
|
| $ | 21,294,000 | |
| $ | 17,732,000 | |
|
Core premiums paid to customers
|
| | 11,187,000 | |
| | 9,669,000 | |
|
Finished goods premiums paid to customers
|
| | 1,429,000 | |
| | 805,000 | |
|
Upfront payments to customers
|
| | 642,000 | |
| | 1,400,000 | |
|
Total short-term contract assets
|
| $ | 34,552,000 | |
| $ | 29,606,000 | |
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| | | |
| | | |
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Long-term contract assets
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| | | |
| | | |
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Remanufactured cores held at customers' locations
|
| $ | 297,592,000 | |
| $ | 301,388,000 | |
|
Core premiums paid to customers
|
| | 28,198,000 | |
| | 24,714,000 | |
|
Finished goods premiums paid to customers
|
| | 3,700,000 | |
| | 2,483,000 | |
|
Upfront payments to customers
|
| | 1,731,000 | |
| | 2,114,000 | |
|
Long-term core inventory deposits
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| | - | |
| | 5,569,000 | |
|
Total long-term contract assets
|
| $ | 331,221,000 | |
| $ | 336,268,000 | |
|