XML 50 R40.htm IDEA: XBRL DOCUMENT v3.20.2
FINANCING RECEIVABLES AND OPERATING LEASES (Details) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Mar. 31, 2020
Mar. 31, 2019
Profit Recognized for Sales-type Leases [Abstract]        
Net sales $ 10,163 $ 4,854    
Cost of sales 5,327 3,950    
Gross Profit 4,836 904    
Interest Income on Sales-type Leases [Abstract]        
Interest Income on sales-type leases 2,219 2,095    
Lease income on operating leases 3,838 5,359    
Financing Receivables [Abstract]        
Estimated unguaranteed residual value 12,962      
Initial direct costs, net of amortization 552      
Reserve for credit losses (3,976) (2,889) $ (3,189) $ (2,614)
Reported as [Abstract]        
Current 116,120   70,169  
Future scheduled minimum lease payments [Abstract]        
Remainder of year ending March 31, 2021 38,966      
Year ending March 31, 2022 14,156      
Year ending March 31, 2023 8,381      
Year ending March 31, 2024 and thereafter 1,985      
Year ending March 31, 2025 and thereafter 709      
Total 64,197      
Estimated unguaranteed residual values for direct financing lease 12,962   14,972  
Investment in operating lease equipment - net [Abstract]        
Cost of equipment under operating leases 21,263   21,276  
Accumulated depreciation (11,815)   (11,159)  
Investment in operating lease equipment - net [1] 9,448   10,117  
Unguaranteed residual value of operating lease equipment net 3,000   3,100  
Future scheduled minimum lease rental payments [Abstract]        
Remainder of year ending March 31, 2021 2,821      
Year ending March 31, 2022 2,472      
Year ending March 31, 2023 1,528      
Year ending March 31, 2024 and thereafter 477      
Year ending March 31, 2025 and thereafter 34      
Total 7,332      
Collateral for non-recourse notes payable - Finance receivables 69,700   34,600  
Collateral for non-recourse notes payable - Operating leases 6,100   6,700  
Gain on sale of financing receivables 2,500 3,300    
Proceeds from sale of financing receivables 73,200 69,900    
Contract liabilities - servicing of financial assets 400   400  
Notes Receivables [Member]        
Financing Receivables [Abstract]        
Minimum payments 101,196   55,417  
Estimated unguaranteed residual value 0 [2]   0 [3]  
Initial direct costs, net of amortization [4] 552   212  
Unearned income 0   0  
Reserve for credit losses (1,139) [4] (520) (798) [4] (505)
Total, net 100,609   54,831  
Reported as [Abstract]        
Current 79,262   31,181  
Long-term 21,347   23,650  
Total, net 100,609   54,831  
Lease Receivables [Member]        
Financing Receivables [Abstract]        
Minimum payments 64,197   69,492  
Estimated unguaranteed residual value 21,534 [2]   21,862 [3]  
Initial direct costs, net of amortization [4] 0   247  
Unearned income (10,079)   (11,612)  
Reserve for credit losses (727) [4] $ (512) (610) [4] $ (530)
Total, net 74,925   79,379  
Reported as [Abstract]        
Current 36,858   38,988  
Long-term 38,067   40,391  
Total, net 74,925   79,379  
Financing Receivables [Member]        
Financing Receivables [Abstract]        
Minimum payments 165,393   124,909  
Estimated unguaranteed residual value 21,534 [2]   21,862 [3]  
Initial direct costs, net of amortization [4] 552   459  
Unearned income (10,079)   (11,612)  
Reserve for credit losses [4] (1,866)   (1,408)  
Total, net 175,534   134,210  
Reported as [Abstract]        
Current 116,120   70,169  
Long-term 59,414   64,041  
Total, net $ 175,534   $ 134,210  
[1] Amounts include estimated unguaranteed residual values of $3.0 million and $3.1 million as of June 30, 2020, and March 31, 2020, respectively.
[2] Includes unguaranteed residual values of $12,962 thousand that we retained after selling the related lease receivable.
[3] Includes unguaranteed residual values of $14,972 thousand for sales type leases, which have been sold and accounted for as sales.
[4] Refer to Note 7, “Allowance for Credit Losses” for details.