RESERVES FOR CREDIT LOSSES (Tables)

3 Months Ended

Jun. 30, 2018

RESERVES FOR CREDIT LOSSES [Abstract]

Activity in Reserves for Credit Losses

Activity in our reserves for credit losses for the three months ended June 30, 2018 and 2017 were as follows (in thousands):

	Accounts Receivable			Notes Receivable		Lease- Related Receivables		Total
Balance April 1, 2018	$	1,538		$	486	$	640	$	2,664
Provision for credit losses		123			-		56		179
Write-offs and other		(1	)		-		-		(1	)
Balance June 30, 2018	$	1,660		$	486	$	696	$	2,842

	Accounts Receivable			Notes Receivable			Lease- Related Receivables			Total
Balance April 1, 2017	$	1,279		$	3,434		$	679		$	5,392
Provision for credit losses		(1	)		67			202			268
Write-offs and other		-			(3,021	)		(165	)		(3,186	)
Balance June 30, 2017	$	1,278		$	480		$	716		$	2,474

Reserve for Credit Losses and Minimum Lease Payments Associated with Notes Receivable and Investment in Direct Financing and Sales-type Lease Balances Disaggregated Based on Our Impairment Method

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

	June 30, 2018				March 31, 2018
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	424	$	696	$	424	$	640
Ending balance: individually evaluated for impairment		62		-		62		-
Ending balance	$	486	$	696	$	486	$	640
Minimum payments:
Ending balance: collectively evaluated for impairment	$	53,715	$	74,522	$	62,930	$	65,943
Ending balance: individually evaluated for impairment		62		-		62		-
Ending balance	$	53,777	$	74,522	$	62,992	$	65,943

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 June 30, 2018 and March 31, 2018 (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
June 30, 2018
High CQR	$	421	$	316	$	2,354	$	3,091	$	489	$	34,158	$	37,738	$	(3,965	)	$	(19,831	)	$	13,942
Average CQR		194		106		181		481		-		36,303		36,784		(3,136	)		(19,836	)		13,812
Low CQR		-		-		-		-		-		-		-		-			-			-
Total	$	615	$	422	$	2,535	$	3,572	$	489	$	70,461	$	74,522	$	(7,101	)	$	(39,667	)	$	27,754
March 31, 2018
High CQR	$	143	$	40	$	43	$	226	$	224	$	33,779	$	34,229	$	(3,743	)	$	(17,207	)	$	13,279
Average CQR		109		31		117		257		171		31,286		31,714		(2,749	)		(16,012	)		12,953
Low CQR		-		-		-		-		-		-		-		-			-			-
Total	$	252	$	71	$	160	$	483	$	395	$	65,065	$	65,943	$	(6,492	)	$	(33,219	)	$	26,232

Age of the Recorded Notes Receivable 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 June 30, 2018 and March 31, 2018 (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
			2017
June 30, 2018
High CQR	$	3,052	$	9	$	13	$	3,074	$	1,994	$	37,737	$	42,805	$	(30,378	)	$	12,427
Average CQR		223		4		18		245		292		10,373		10,910		(4,978	)		5,932
Low CQR		-		-		62		62		-		-		62		-			62
Total	$	3,275	$	13	$	93	$	3,381	$	2,286	$	48,110	$	53,777	$	(35,356	)	$	18,421
March 31, 2018
High CQR	$	175	$	527	$	423	$	1,125	$	3,262	$	40,896	$	45,283	$	(30,345	)	$	14,938
Average CQR		42		409		22		473		394		16,780		17,647		(10,424	)		7,223
Low CQR		-		-		62		62		-		-		62		-			62
Total	$	217	$	936	$	507	$	1,660	$	3,656	$	57,676	$	62,992	$	(40,769	)	$	22,223