Other Current Liabilities

9 Months Ended

Dec. 31, 2015

Other Current Liabilities [Abstract]

8.	OTHER CURRENT LIABILITIES


(In thousands)	December 31, 2015		March 31, 2015
Accrued discount, rebate and slotting fee	$	24,477	$	24,861
Payroll and bonus payables		9,725		8,825
Accrued selling expenses		3,223		3,404
Accrued advertising and promotion expenses		2,615		3,980
Others		10,005		5,720
Total	$	50,045	$	46,790

In May 2015, Qingdao Jisheng agreed to pay RMB 27.0 million (equivalent to $4.4 million) to the Company to secure the exclusive iron sheet supplier status for the Company's French Project for ten years starting from its commercial operation. Under the agreement, the Company is required to fulfill a contractual amount of minimum purchase volume at fair market value each year for a period of ten years. If the Company failed to meet this minimum annual purchase volume, the Company is obligated to compensate Qingdao Jisheng at RMB 0.1 per tin for the shortfall. By December 31, 2015, the Company had received RMB 10.0 million (equivalent to $1.5 million) upfront prepayment from Qingdao Jisheng. As the Company's French Project is still under construction, it has not begun purchasing iron sheet by December 31, 2015. $0.3 million and $1.2 million were recorded in "other current liabilities" and "other noncurrent liabilities" respectively. The amount will be recognized based on actual order as a reduction to cost.