RESERVES FOR CREDIT LOSSES (Tables)

9 Months Ended

Dec. 31, 2016

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, 2016 and 2015 were as follows (in thousands):

	Accounts Receivable			Notes Receivable			Lease-Related Receivables			Total
Balance April 1, 2016	$	1,127		$	3,381		$	685		$	5,193
Provision for credit losses		229			139			93			461
Write-offs and other		(32	)		(12	)		-			(44	)
Balance December 31, 2016	$	1,324		$	3,508		$	778		$	5,610
	Accounts Receivable			Notes Receivable			Lease-Related Receivables			Total
Balance April 1, 2015	$	1,169		$	3,573		$	881		$	5,623
Provision for credit losses		12			7			(50	)		(31	)
Write-offs and other		(119	)		-			-			(119	)
Balance December 31, 2015	$	1,062		$	3,580		$	831		$	5,473

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, 2016				March 31, 2016
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	406	$	655	$	279	$	562
Ending balance: individually evaluated for impairment		3,102		123		3,102		123
Ending balance	$	3,508	$	778	$	3,381	$	685
Minimum payments:
Ending balance: collectively evaluated for impairment	$	50,016	$	71,201	$	41,340	$	66,161
Ending balance: individually evaluated for impairment		3,151		142		3,102		142
Ending balance	$	53,167	$	71,343	$	44,442	$	66,303

Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR

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 rating (“CQR”) were as follows as of December 31, 2016 and March 31, 2016 (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, 2016
High CQR	$	163	$	49	$	98	$	310	$	137	$	45,570	$	46,017	$	(3,466	)	$	(21,532	)	$	21,019
Average CQR		44		25		96		165		43		24,976		25,184		(1,667	)		(12,684	)		10,833
Low CQR		-		-		142		142		-		-		142		(19	)		-			123
Total	$	207	$	74	$	336	$	617	$	180	$	70,546	$	71,343	$	(5,152	)	$	(34,216	)	$	31,975
March 31, 2016
High CQR	$	575	$	52	$	94	$	721	$	984	$	46,157	$	47,862	$	(2,705	)	$	(22,914	)	$	22,243
Average CQR		15		17		78		110		159		18,030		18,299		(1,387	)		(8,714	)		8,198
Low CQR		-		-		142		142		-		-		142		(19	)		-			123
Total	$	590	$	69	$	314	$	973	$	1,143	$	64,187	$	66,303	$	(4,111	)	$	(31,628	)	$	30,564

Balance Disaggregated Based on Internally Assigned CQR

The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows as December 31, 2016 and March 31, 2016 (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, 2016
High CQR	$	1,369	$	312	$	827	$	2,508	$	1,244	$	28,206	$	31,958	$	(15,330	)	$	16,628
Average CQR		157		10		-		167		920		16,971		18,058		(12,640	)		5,418
Low CQR		-		-		3,151		3,151		-		-		3,151		-			3,151
Total	$	1,526	$	322	$	3,978	$	5,826	$	2,164	$	45,177	$	53,167	$	(27,970	)	$	25,197
March 31, 2016
High CQR	$	399	$	305	$	2,168	$	2,872	$	301	$	24,092	$	27,265	$	(11,644	)	$	15,621
Average CQR		-		-		-		-		202		13,873		14,075		(9,942	)		4,133
Low CQR		-		-		3,102		3,102		-		-		3,102		-			3,102
Total	$	399	$	305	$	5,270	$	5,974	$	503	$	37,965	$	44,442	$	(21,586	)	$	22,856