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Fair Value Disclosures (Tables)
12 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of financial instruments not measured at fair value

The Company may be required, from time to time, to measure certain assets and liabilities at fair value on a nonrecurring basis. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3. Management has determined that this level to be most appropriate for finance receivables, repossessed assets, and the Credit Facility shown in the table below.

 

 

 

Fair Value Measurement Using
(In thousands)

 

 

Fair

 

 

Carrying

 

Description

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Value

 

 

Value

 

Cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

$

454

 

 

$

 

 

$

 

 

$

454

 

 

$

454

 

March 31, 2022

 

$

4,775

 

 

$

 

 

$

 

 

$

4,775

 

 

$

4,775

 

Finance receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

$

 

 

$

 

 

$

105,971

 

 

$

105,971

 

 

$

106,919

 

March 31, 2022

 

$

 

 

$

 

 

$

168,600

 

 

$

168,600

 

 

$

168,600

 

Repossessed assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

$

 

 

$

 

 

$

1,491

 

 

$

1,491

 

 

$

1,491

 

March 31, 2022

 

$

 

 

$

 

 

$

658

 

 

$

658

 

 

$

658

 

Credit facility:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

$

 

 

$

 

 

$

29,100

 

 

$

29,100

 

 

$

29,100

 

March 31, 2022

 

$

 

 

$

 

 

$

55,000

 

 

$

55,000

 

 

$

55,000

 

Note payable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

March 31, 2022

 

$

3,244

 

 

$

 

 

$

 

 

$

3,244

 

 

$

3,244