RESERVES FOR CREDIT LOSSES (Tables)

6 Months Ended

Sep. 30, 2012

RESERVES FOR CREDIT LOSSES [Abstract]

Activity in our reserves for credit losses for the six months ended September 30, 2012 and 2011 were as follows (in thousands):

	Accounts Receivable			Notes Receivable		Lease-Related Receivables			Total
Balance April 1, 2012	$	1,307		$	2,963	$	1,336		$	5,606
Provision for bad debts		(206	)		117		19			(70	)
Write-offs and other		(48	)		-		(3	)		(51	)
Balance September 30, 2012	$	1,053		$	3,080	$	1,352		$	5,485

	Accounts Receivable			Notes Receivable		Lease-Related Assets			Total
Balance April 1, 2011	$	944		$	94	$	1,733		$	2,771
Provision for bad debts		129			162		(184	)		107
Write-offs and other		(224	)		-		(2	)		(226	)
Balance September 30, 2011	$	849		$	256	$	1,547		$	2,652

Reserve for credit losses and minimum lease payments associated with notes receivable and investment in direct financing and sales-type lease balances disaggregated on the basis of impairment method

Our reserves for credit losses and minimum payments associated with our notes receivables and lease related receivables disaggregated on the basis of our impairment method were as follows (in thousands):

	September 30, 2012				March 31, 2012
	Notes Receivable		Lease-Related Receivables		Notes Receivable		Lease-Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	133	$	1,258	$	298	$	1,314
Ending balance: individually evaluated for impairment		2,947		94		2,665		22
Ending balance	$	3,080	$	1,352	$	2,963	$	1,336

Minimum payments:
Ending balance: collectively evaluated for impairment	$	17,728	$	93,335	$	22,944	$	99,545
Ending balance: individually evaluated for impairment		3,500		311		4,356		202
Ending balance	$	21,228	$	93,646	$	27,300	$	99,747

Balance disaggregated based on internally assigned CQR

As of September 30, 2012, the age of the recorded minimum lease payments and net credit exposure associated with our investment in direct financing and sales-type leases that are past due, disaggregated based on our internally assigned credit quality ratings ("CQR"), were as follows (in thousands):

	31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Unbilled Minimum Lease Payments		Total Minimum Lease Payments		Unearned Income			Non- Recourse Notes Payable			Net Credit Exposure

September 30, 2012

High CQR	$	35	$	15	$	255	$	305	$	534	$	51,490	$	52,329	$	(3,889	)	$	(4,003	)	$	44,437
Average CQR		27		-		25		52		76		40,848		40,976		(3,913	)		(15,413	)		21,650
Low CQR		6		12		29		47		-		294		341		(30	)		-			311
Total		68		27		309		404		610		92,632		93,646		(7,832	)		(19,416	)		66,398

March 31, 2012

High CQR	$	1,767	$	5	$	72	$	1,844	$	977	$	58,214	$	61,035	$	(4,541	)	$	(3,480	)	$	53,014
Average CQR		85		7		12		104		53		38,337		38,494		(4,445	)		(15,109	)		18,940
Low CQR		-		-		-		-		-		218		218		(16	)		-			202
Total	$	1,852	$	12	$	84	$	1,948	$	1,030	$	96,769	$	99,747	$	(9,002	)	$	(18,589	)	$	72,156

Age of the recorded notes receivable balance disaggregated based on our internally assigned CQR

As of September 30, 2012, the age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows (in thousands):

	31-60Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Unbilled Notes Receivable		Total

September 30, 2012

High CQR	$	500	$	578	$	-	$	1,078	$	211	$	12,796	$	14,085
Average CQR		-		-		-		-		15		3,628		3,643
Low CQR		51		-		678		729		-		2,771		3,500
Total	$	551	$	578	$	678	$	1,807	$	226	$	19,195	$	21,228

March 31, 2012

High CQR	$	-	$	-	$	-	$	-	$	2,661	$	18,140	$	20,801
Average CQR		-		-		-		-		29		2,113		2,142
Low CQR		-		-		86		86		387		3,884		4,357
Total	$	-	$	-	$	86	$	86	$	3,077	$	24,137	$	27,300