Note 3 - Revenue Recognition

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

3.

Revenue Recognition:

We adopted ASC

606

effective

April 1, 2018

using the modified retrospective approach. We elected the practical expedient to only apply the standard to contracts that were

not

completed at the effective date. Implementing this standard had

no

impact on our revenue recognition for the uncompleted contracts and accordingly

no

cumulative adjustment was made to the opening balance of retained earnings as of

April 1, 2018.

We identified a change in how we record right-of-return liabilities which impacts Current Assets and Current Liabilities. The change is primarily due to how ASC

606

defines a right-of-return contract liability. The following tablecompares the amounts reported in the Consolidated Balance Sheet had the previous revenue recognition guidance been in effect:

	December 31, 2018
			Balances without		Increase Due to
	As reported		ASC 606 Adoption		Adoption
Accounts Receivable - trade, net	$	249,615	$	234,035	$	15,580
Accrued Expenses	$	140,208	$	124,628	$	15,580

Reference Note

5,

"Trade Accounts Receivable and Contract Liabilities," for information on variable consideration and right-of-return liability details.

Reference Note

11,

"Segment and Geographic Information," for disaggregated revenue information.