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RESERVES FOR CREDIT LOSSES (Tables)
 9 Months Ended
Dec. 31, 2013
RESERVES FOR CREDIT LOSSES [Abstract]  
Activity in Reserves for Credit Losses
Activity in our reserves for credit losses for the nine months ended December 31, 2013 and 2012 were as follows (in thousands):

 
 
Accounts Receivable
  
Notes Receivable
  
Lease-Related Receivables
  
Total
 
Balance April 1, 2013
 
$
1,147
  
$
3,137
  
$
845
  
$
5,129
 
Provision for bad debts
  
44
   
(57
)
  
140
   
127
 
Write-offs, net of recoveries
  
(17
)
  
-
   
-
   
(17
)
Balance December 31, 2013
 
$
1,174
  
$
3,080
  
$
985
  
$
5,239
 
 
                
 
 
Accounts Receivable
  
Notes Receivable
  
Lease-Related Receivables
  
Total
 
Balance April 1, 2012
 
$
1,307
  
$
2,963
  
$
1,336
  
$
5,606
 
Provision for bad debts
  
(118
)
  
189
   
(328
)
  
(257
)
Write-offs, net of recoveries
  
(97
)
  
-
   
(3
)
  
(100
)
Balance December 31, 2012
 
$
1,092
  
$
3,152
  
$
1,005
  
$
5,249
 
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):

 
 
December 31, 2013
  
March 31, 2013
  
 
 
 
Notes Receivable
  
Lease-Related Receivables
  
Notes Receivable
  
Lease-Related Receivables
 
Reserves for credit losses:
 
  
  
  
 
Ending balance: collectively evaluated for impairment
 
$
254
  
$
883
  
$
310
  
$
747
 
Ending balance: individually evaluated for impairment
  
2,826
   
102
   
2,827
   
98
 
Ending balance
 
$
3,080
  
$
985
  
$
3,137
  
$
845
 
 
                
Minimum payments:
                
Ending balance: collectively evaluated for impairment
 
$
43,155
  
$
71,560
  
$
31,793
  
$
64,246
 
Ending balance: individually evaluated for impairment
  
3,237
   
370
   
3,237
   
368
 
Ending balance
 
$
46,392
  
$
71,930
  
$
35,030
  
$
64,614
 
Balance Disaggregated Based on Internally Assigned CQR
As of December 31, 2013, 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
 
 
 
  
  
  
  
  
  
  
  
  
 
December 31, 2013
 
  
  
  
  
  
  
  
  
  
 
 
 
  
  
  
  
  
  
  
  
  
 
High CQR
 
$
84
  
$
638
  
$
166
  
$
888
  
$
317
  
$
40,554
  
$
41,759
  
$
(1,903
)
 
$
(10,748
)
 
$
29,108
 
Average CQR
  
82
   
27
   
25
   
134
   
302
   
29,365
   
29,801
   
(1,942
)
  
(12,269
)
  
15,590
 
Low CQR
  
-
   
-
   
61
   
61
   
-
   
309
   
370
   
(43
)
  
-
   
327
 
Total
  
166
   
665
   
252
   
1,083
   
619
   
70,228
   
71,930
   
(3,888
)
  
(23,017
)
  
45,025
 
 
                                        
March 31, 2013
                                     
 
                                        
High CQR
 
$
454
  
$
316
  
$
28
  
$
798
  
$
322
  
$
38,278
  
$
39,398
  
$
(2,777
)
 
$
(10,337
)
 
$
26,284
 
Average CQR
  
51
   
51
   
5
   
107
   
101
   
24,640
   
24,848
   
(1,596
)
  
(7,857
)
  
15,395
 
Low CQR
  
-
   
-
   
61
   
61
   
-
   
307
   
368
   
(39
)
  
-
   
329
 
Total
  
505
   
367
   
94
   
966
   
423
   
63,225
   
64,614
   
(4,412
)
  
(18,194
)
  
42,008
 
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR
As of December 31, 2013, the age of the recorded notes receivable balance disaggregated based on our internally assigned 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 Notes Receivable
  
Total Notes Receivable
  
Non-Recourse Notes Payable
  
Net Credit Exposure
 
 
 
  
  
  
  
  
  
  
  
 
December 31, 2013
 
  
  
  
  
  
  
  
  
 
 
 
  
  
  
  
  
  
  
  
 
High CQR
 
$
-
  
$
770
  
$
45
  
$
815
  
$
907
  
$
36,354
  
$
38,076
  
$
(18,330
)
 
$
19,746
 
Average CQR
  
303
   
-
   
-
   
303
   
43
   
4,733
   
5,079
   
(3,011
)
  
2,068
 
Low CQR
  
-
   
-
   
791
   
791
   
-
   
2,446
   
3,237
   
-
   
3,237
 
Total
 
$
303
  
$
770
  
$
836
  
$
1,909
  
$
950
  
$
43,533
  
$
46,392
  
$
(21,341
)
 
$
25,051
 
 
                                    
March 31, 2013
                                    
 
                                    
High CQR
 
$
1,342
  
$
127
  
$
832
  
$
2,301
  
$
3,450
  
$
22,097
  
$
27,848
  
$
(5,621
)
 
$
22,227
 
Average CQR
  
1,379
   
-
   
-
   
1,379
   
-
   
2,566
   
3,945
   
(1,203
)
  
2,742
 
Low CQR
  
-
   
-
   
726
   
726
   
-
   
2,511
   
3,237
   
-
   
3,237
 
Total
 
$
2,721
  
$
127
  
$
1,558
  
$
4,406
  
$
3,450
  
$
27,174
  
$
35,030
  
$
(6,824
)
 
$
28,206