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ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Dec. 31, 2023
ALLOWANCE FOR CREDIT LOSSES [Abstract]  
Activity in Reserves for Credit Losses
The following table provides the activity in our allowance for credit losses for the nine months ended December 31, 2023, and 2022 (in thousands):

   
Accounts Receivable
    
Notes
Receivable
    
Lease
Receivables
    
Total
  
Balance April 1, 2023
  
$
2,572
    
$
801
    
$
981
    
$
4,354
  
Provision for credit losses
    
516
      
27
      
484
      
1,027
  
Write-offs and other
    
(89
)
    
1
   
(1
)
    
(89
)
Balance December 31, 2023
  
$
2,999
    
$
829
    
$
1,464
    
$
5,292
  

   
Accounts
Receivable
    
Notes
Receivable
    
Lease
Receivables
    
Total
  
Balance April 1, 2022
  
$
2,411
    
$
708
    
$
681
    
$
3,800
  
Provision for credit losses
    
1,584
      
546
      
716
  $
2,846
  
Write-offs and other
    
(102
)
    
(2
)
    
-
   $
(104
)
Balance December 31, 2022
  
$
3,893
    
$
1,252
    
$
1,397
    
$
6,542
  
Amortized Cost Basis of Financing Receivables by Credit Quality Rating and Credit Origination Year
The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of December 31, 2023 (in thousands):

   
Amortized cost basis by origination year ending March 31,
                    
 
2024
    
2023
    
2022
    
2021
    
2020
    
2019 and
prior
    
Total
    
Transfers
(2)
    
Net credit
exposure
  
                                                       
Notes receivable:
                                                      
High CQR
  
$
78,475
    
$
19,040
    
$
4,558
    
$
3,230
    
$
39
    
$
-
    
$
105,342
    
$
(35,451
)
  
$
69,891
  
Average CQR
    
10,780
      
4,078
      
374
      
75
      
-
      
14
      
15,321
      
(3,858
)
    
11,463
  
Total
  
$
89,255
    
$
23,118
    
$
4,932
    
$
3,305
    
$
39
    
$
14
    
$
120,663
    
$
(39,309
)
  
$
81,354
  
                                                                         
Lease receivables:
                                                                        
High CQR
  
$
26,317
    
$
9,664
    
$
2,211
    
$
1,270
    
$
214
    
$
10
    
$
39,686
    
$
(5,320
)
  
$
34,366
  
Average CQR
    
17,209
      
10,713
      
2,749
      
375
      
2
      
-
      
31,048
      
(3,548
)
    
27,500
  
Total
  
$
43,526
    
$
20,377
    
$
4,960
    
$
1,645
    
$
216
    
$
10
    
$
70,734
    
$
(8,868
)
  
$
61,866
  
                                                                         
Total amortized cost (1)
  
$
132,781
    
$
43,495
    
$
9,892
    
$
4,950
    
$
255
    
$
24
    
$
191,397
    
$
(48,177
)
  
$
143,220
  

(1)
Excludes unguaranteed residual values of $4,009 thousand that we retained after selling the related lease receivable.
(2)
Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis.
The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of March 31, 2023 (in thousands):

   
Amortized cost basis by origination year ending March 31,
                    

 
2023
    
2022
    
2021
    
2020
    
2019
    
2018 and
prior
    
Total
   
Transfers
(2)
   
Net credit
exposure
  
                                                       
Notes receivable:
                                                      
High CQR
  
$
72,155
    
$
11,378
    
$
11,267
    
$
370
    
$
30
    
$
-
    
$
95,200
    
$
(28,115
)
   $
67,085  
Average CQR
    
12,793
      
2,675
      
213
      
115
      
61
      
1
      
15,858
      
(1,432
)
     14,426  
Total
  
$
84,948
    
$
14,053
    
$
11,480
    
$
485
    
$
91
    
$
1
    
$
111,058
    
$
(29,547
)
   $
81,511  
                                                                         
Lease receivables:
                                                                        
High CQR
  
$
21,629
    
$
3,842
    
$
1,916
    
$
565
    
$
51
    
$
9
    
$
28,012
    
$
(1,437
)
   $
26,575  
Average CQR
    
23,796
      
3,430
      
770
      
35
      
3
      
-
      
28,034
      
(1,594
)
     26,440  
Total
  
$
45,425
    
$
7,272
    
$
2,686
    
$
600
    
$
54
    
$
9
    
$
56,046
    
$
(3,031
)
   $
53,015  
                                                                         
Total amortized cost (1)
  
$
130,373
    
$
21,325
    
$
14,166
    
$
1,085
    
$
145
    
$
10
    
$
167,104
    
$
(32,578
)
   $
134,526  

(1)
Excludes unguaranteed residual values of $4,222 thousand that we retained after selling the related lease receivable.
 
(2)
Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions.
Aging Analysis of Financing Receivables
The following table provides an aging analysis of our financing receivables as of December 31, 2023 (in thousands):


  
31-60
Days Past
Due
   
61-90
Days Past
Due
   
> 90
Days Past
Due
    
Total
Past Due
    
Current
    
Total
Billed
    
Unbilled
    
Amortized
Cost
  
Notes receivable
  
$
5,735
    
$
306
    
$
2,131
    
$
8,172
    
$
5,617
    
$
13,789
    
$
106,874
    
$
120,663
  
Lease receivables
    
542
      
754
      
2,023
      
3,319
      
3,221
      
6,540
      
64,194
      
70,734
  
Total
  
$
6,277
    
$
1,060
    
$
4,154
    
$
11,491
    
$
8,838
    
$
20,329
    
$
171,068
    
$
191,397
  

The following table provides an aging analysis of our financing receivables as of March 31, 2023 (in thousands):

 
31-60
Days Past
Due
    
61-90
Days Past
Due
    
> 90
Days Past
Due
    
Total
Past Due
    
Current
    
Total
Billed
    
Unbilled
    
Amortized
Cost
  
Notes receivable
  
$
1,020
    
$
862
    
$
473
    
$
2,355
    
$
7,703
    
$
10,058
    
$
101,000
    
$
111,058
  
Lease receivables
    
1,068
      
463
      
864
      
2,395
      
5,413
      
7,808
      
48,238
      
56,046
  
Total
  
$
2,088
    
$
1,325
    
$
1,337
    
$
4,750
    
$
13,116
    
$
17,866
    
$
149,238
    
$
167,104