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ALLOWANCE FOR CREDIT LOSSES (Tables)
 6 Months Ended
Sep. 30, 2024
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 six months ended September 30, 2024, and 2023 (in thousands):

   
Accounts Receivable
    
Notes
Receivable
    
Lease
Receivables
    
Total
  
Balance as of April 1, 2024
  
$
2,687
    
$
1,056
    
$
1,435
    
$
5,178
  
Provision for credit losses
    
480
      
179
      
392
   
1,051
  
Write-offs and other
    
(379
)
    
1
      
1
      
(377
)
Balance as of September 30, 2024
  
$
2,788
    
$
1,236
    
$
1,828
    
$
5,852
  

   
Accounts
Receivable
    
Notes
Receivable
    
Lease
Receivables
    
Total
  
Balance as of April 1, 2023
  
$
2,572
    
$
801
    
$
981
    
$
4,354
  
Provision for credit losses
    
508
      
122
      
449
      
1,079
  
Write-offs and other
    
(26
)
    
(2
)
    
(2
)
    
(30
)
Balance as of September 30, 2023
  
$
3,054
    
$
921
    
$
1,428
    
$
5,403
  
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 September 30, 2024 (in thousands):

   
Amortized cost basis by origination year ending March 31,
                    
 
2025
    
2024
    
2023
    
2022
    
2021
    
2020 and
prior
    
Total
    
Transfers
(2)
    
Net credit
exposure
  
                                                       
Notes receivable:
                                                      
High CQR
  
$
75,421
    
$
32,252
    
$
9,154
    
$
1,253
    
$
1,655
    
$
7
    
$
119,742
    
$
(24,544
)
  
$
95,198
  
Average CQR
    
11,220
      
5,957
      
3,039
      
100
      
22
      
8
      
20,346
      
(3,802
)
    
16,544
  
Total
  
$
86,641
    
$
38,209
    
$
12,193
    
$
1,353
    
$
1,677
    
$
15
    
$
140,088
    
$
(28,346
)
  
$
111,742
  
                                                                         
Lease receivables:
                                                                        
High CQR
  
$
19,768
    
$
10,493
    
$
7,659
    
$
1,022
    
$
729
    
$
37
    
$
39,708
    
$
(2,505
)
  
$
37,203
  
Average CQR
    
20,121
      
13,123
      
7,101
      
1,341
      
104
      
10
      
41,800
      
(7,599
)
    
34,201
  
Total
  
$
39,889
    
$
23,616
    
$
14,760
    
$
2,363
    
$
833
    
$
47
    
$
81,508
    
$
(10,104
)
  
$
71,404
  
                                                                         
Total amortized cost (1)
  
$
126,530
    
$
61,825
    
$
26,953
    
$
3,716
    
$
2,510
    
$
62
    
$
221,596
    
$
(38,450
)
  
$
183,146
  

  (1)
Excludes unguaranteed residual values of $4,683 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, 2024 (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
  
$
63,934
    
$
15,821
    
$
3,440
    
$
2,656
    
$
30
    
$
-
    
$
85,881
    
$
(25,683
)
   $
60,198  
Average CQR
    
18,715
      
3,260
      
302
      
52
      
-
      
-
      
22,329
      
(3,476
)
     18,853  
Total
  
$
82,649
    
$
19,081
    
$
3,742
    
$
2,708
    
$
30
    
$
-
    
$
108,210
    
$
(29,159
)
   $
79,051  
                                                                         
Lease receivables:
                                                                        
High CQR
  
$
22,123
    
$
9,457
    
$
1,341
    
$
1,151
    
$
100
    
$
7
    
$
34,179
    
$
(1,128
)
   $
33,051  
Average CQR
    
22,861
      
9,548
      
2,133
      
259
      
2
      
-
      
34,803
      
(5,436
)
     29,367  
Total
  
$
44,984
    
$
19,005
    
$
3,474
    
$
1,410
    
$
102
    
$
7
    
$
68,982
    
$
(6,564
)
   $
62,418  
                                                                         
Total amortized cost (1)
  
$
127,633
    
$
38,086
    
$
7,216
    
$
4,118
    
$
132
    
$
7
    
$
177,192
    
$
(35,723
)
   $
141,469  

  (1)
Excludes unguaranteed residual values of $3,718 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.
Aging Analysis of Financing Receivables
The following table provides an aging analysis of our financing receivables as of September 30, 2024 (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
  
$
1,377
    
$
2,507
    
$
2,031
    
$
5,915
    
$
19,710
    
$
25,625
    
$
114,463
    
$
140,088
  
Lease receivables
    
179
      
716
      
1,851
      
2,746
      
5,515
      
8,261
      
73,247
      
81,508
  
Total
  
$
1,556
    
$
3,223
    
$
3,882
    
$
8,661
    
$
25,225
    
$
33,886
    
$
187,710
    
$
221,596
  

The following table provides an aging analysis of our financing receivables as of March 31, 2024 (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
  
$
1,251
    
$
334
    
$
2,484
    
$
4,069
    
$
9,337
    
$
13,406
    
$
94,804
    
$
108,210
  
Lease receivables
    
1,174
      
284
      
2,213
      
3,671
      
4,691
      
8,362
      
60,620
      
68,982
  
Total
  
$
2,425
    
$
618
    
$
4,697
    
$
7,740
    
$
14,028
    
$
21,768
    
$
155,424
    
$
177,192