SEC Comment Letter 0000000000-23-004923 to MOTORCAR PARTS OF AMERICA INC (MPAA) (CIK 0000918251) (MPAA)
MOTORCAR PARTS OF AMERICA INC (MPAA) (CIK 0000918251)
Date: May 10, 2023 · CIK: 0000918251 · Accession: 0000000000-23-004923
AI Filing Summary & Sentiment
File numbers found in text: 001-33861
Letter
United States securities and exchange commission logo May 10, 2023 David Lee Chief Financial Officer Motorcar Parts of America, Inc. 2929 California Street Torrance, CA 90503 Re:Motorcar Parts of America, Inc. Form 10-K for the Fiscal Year Ended March 31, 2022 Filed June 14, 2022 File No. 001-33861 Dear David Lee: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended March 31, 2022 Note 2. Summary of Significant Accounting Policies Segment Reporting, page F-7 1.We have reviewed your response to comment 2 and have the following comments:
•Considering the level and nature of information received and reviewed by the Chief Operating Decision Maker ("CODM"), please tell us how each of your Hard Parts product lines do not meet the characteristics of an operating segment under ASC 280- 10-50-1.
•Discuss in greater detail the specific nature and level of product line information the CODM receives during the budget preparation and budget-to-actual review processes and how he uses such information. In closing, we remind you that the company and its management are responsible for the
FirstName LastNameDavid Lee Comapany NameMotorcar Parts of America, Inc. May 10, 2023 Page 2 FirstName LastName David Lee Motorcar Parts of America, Inc. May 10, 2023 Page 2 accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Stephany Yang at (202) 551-3167 or Andrew Blume at (202) 551-3254 with any questions. Sincerely, Division of Corporation Finance Office of Manufacturing
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United States securities and exchange commission logo
May 10, 2023
David Lee
Chief Financial Officer
Motorcar Parts of America, Inc.
2929 California Street
Torrance, CA 90503
Re:Motorcar Parts of America, Inc.
Form 10-K for the Fiscal Year Ended March 31, 2022
Filed June 14, 2022
File No. 001-33861
Dear David Lee:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for the Fiscal Year Ended March 31, 2022
Note 2. Summary of Significant Accounting Policies
Segment Reporting, page F-7
1.We have reviewed your response to comment 2 and have the following comments:
•Considering the level and nature of information received and reviewed by the Chief
Operating Decision Maker ("CODM"), please tell us how each of your Hard Parts
product lines do not meet the characteristics of an operating segment under ASC 280-
10-50-1.
•Discuss in greater detail the specific nature and level of product line information the
CODM receives during the budget preparation and budget-to-actual review processes
and how he uses such information.
In closing, we remind you that the company and its management are responsible for the
FirstName LastNameDavid Lee
Comapany NameMotorcar Parts of America, Inc.
May 10, 2023 Page 2
FirstName LastName
David Lee
Motorcar Parts of America, Inc.
May 10, 2023
Page 2
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Stephany Yang at (202) 551-3167 or Andrew Blume at (202) 551-3254
with any questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing