RESERVES FOR CREDIT LOSSES (Tables)

9 Months Ended

Dec. 31, 2019

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, 2019 and 2018 were as follows (in thousands):

	Accounts Receivable			Notes Receivable		Lease- Related Receivables			Total
Balance April 1, 2019	$	1,579		$	505	$	530		$	2,614
Provision for credit losses		107			283		114			504
Write-offs and other		(304	)		-		(2	)		(306	)
Balance December 31, 2019	$	1,382		$	788	$	642		$	2,812

	Accounts Receivable			Notes Receivable		Lease- Related Receivables			Total
Balance April 1, 2018	$	1,538		$	486	$	640		$	2,664
Provision for credit losses		275			50		(131	)		194
Write-offs and other		(246	)		-		-			(246	)
Balance December 31, 2018	$	1,567		$	536	$	509		$	2,612

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 our impairment method were as follows (in thousands):

	December 31, 2019				March 31, 2019
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	726	$	642	$	443	$	530
Ending balance: individually evaluated for impairment		62		-		62		-
Ending balance	$	788	$	642	$	505	$	530
Minimum payments:
Ending balance: collectively evaluated for impairment	$	60,145	$	81,450	$	40,501	$	64,201
Ending balance: individually evaluated for impairment		89		-		62		-
Ending balance	$	60,234	$	81,450	$	40,563	$	64,201

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, 2019 and March 31, 2019 (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, 2019
High CQR	$	695	$	322	$	252	$	1,269	$	390	$	49,887	$	51,546	$	(4,890	)	$	(31,698	)	$	14,958
Average CQR		315		18		74		407		716		28,781		29,904		(2,111	)		(13,472	)		14,321
Low CQR		-		-		-		-		-		-		-		-			-			-
Total	$	1,010	$	340	$	326	$	1,676	$	1,106	$	78,668	$	81,450	$	(7,001	)	$	(45,170	)	$	29,279
March 31, 2019
High CQR	$	325	$	41	$	10	$	376	$	543	$	29,503	$	30,422	$	(2,799	)	$	(11,044	)	$	16,579
Average CQR		22		54		15		91		125		33,563		33,779		(2,508	)		(20,848	)		10,423
Low CQR		-		-		-		-		-		-		-		-			-			-
Total	$	347	$	95	$	25	$	467	$	668	$	63,066	$	64,201	$	(5,307	)	$	(31,892	)	$	27,002

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 of December 31, 2019 and March 31, 2019 (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, 2019
High CQR	$	578	$	49	$	240	$	867	$	1,422	$	42,648		$	44,937	$	(20,323	)	$	24,614
Average CQR		118		29		125		272		246		14,690			15,208		(6,307	)		8,901
Low CQR		90		-		29		119		352		(382	)		89		-			89
Total	$	786	$	78	$	394	$	1,258	$	2,020	$	56,956		$	60,234	$	(26,630	)	$	33,604
March 31, 2019
High CQR	$	990	$	40	$	30	$	1,060	$	3,813	$	28,113		$	32,986	$	(18,245	)	$	14,741
Average CQR		105		34		7		146		137		7,232			7,515		(1,507	)		6,008
Low CQR		-		-		62		62		-		-			62		-			62
Total	$	1,095	$	74	$	99	$	1,268	$	3,950	$	35,345		$	40,563	$	(19,752	)	$	20,811