Finance Receivables (Tables)

12 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Schedule of activity in allowance for credit losses

The following presents the activity in our allowance for credit losses:

	For the year ended March 31, 2022
	(In thousands)
	Indirect			Direct			Total
Balance at beginning of year	$	6,001		$	153		$	6,154
Provision for credit losses		4,210			1,755			5,965
Charge-offs		(13,515	)		(980	)		(14,495	)
Recoveries		5,265			60			5,325
Balance at end of year	$	1,961		$	988		$	2,949

	For the year ended March 31, 2021
	(In thousands)
	Indirect			Direct			Total
Balance at beginning of year	$	10,433		$	729		$	11,162
Provision for credit losses		7,250			-			7,250
Charge-offs		(17,141	)		(682	)		(17,823	)
Recoveries		5,459			106			5,565
Balance at end of year	$	6,001		$	153		$	6,154

Schedule of an assessment of the credit quality by creditworthiness

The following table is an assessment of the credit quality by creditworthiness as of March 31:

	(In thousands)
	2022						2021
	Contracts		Direct Loans		Total		Contracts		Direct Loans		Total
Performing accounts	$	149,976	$	24,102	$	174,078	$	166,828	$	13,717	$	180,545
Non-performing accounts		4,167		274		4,441		3,367		192		3,559
Total		154,143		24,376		178,519		170,195		13,909		184,104
Chapter 13 bankruptcy		254		13		267		123		10		133
Finance receivables	$	154,397	$	24,389	$	178,786	$	170,318	$	13,919	$	184,237

Schedule of information regarding delinquency rates

The following tables present certain information regarding the delinquency rates experienced by the Company with respect to Contracts and Direct Loans, excluding any Chapter 13 bankruptcy accounts:

	(In thousands)
Contracts	Balance Outstanding		30 – 59 days			60 –89 days			90-119 days			120+ days			Total
March 31, 2022	$	154,143	$	7,097		$	2,936		$	1,183		$	48		$	11,264
				4.60	%		1.90	%		0.77	%		0.03	%		7.31	%
March 31, 2021	$	170,195	$	6,289		$	2,430		$	896		$	42		$	9,657
				3.70	%		1.43	%		0.53	%		0.02	%		5.67	%

Direct Loans	Balance Outstanding		30 – 59 days			60 –89 days			90-119 days			120+ days			Total
March 31, 2022	$	24,376	$	607		$	197		$	77		$	-		$	881
				2.49	%		0.81	%		0.32	%		0.00	%		3.61	%
March 31, 2021	$	13,909	$	253		$	101		$	81		$	10		$	445
				1.82	%		0.73	%		0.58	%		0.07	%		3.20	%