Quarterly Information (Unaudited)

12 Months Ended

Mar. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

The following sets forth selected quarterly operating data:


	Fiscal 2020								Fiscal 2019
	First		Second	Third	Fourth	First	Second	Third	Fourth
	(Dollars in thousands, except for earnings per share data)
Total revenues	$	138,441	141,573	146,996	163,018	122,790	127,116	137,639	156,997
Provision for loan losses	41,291		52,968	55,219	32,252	30,591	40,359	48,944	28,533
General and administrative expenses	81,776		78,452	90,558	96,707	67,777	64,936	76,964	78,626
Interest expense	4,403		6,328	7,130	8,035	4,225	4,158	4,637	4,914
Income tax expense	2,363		1,312	356	2,721	4,559	3,604	834	6,984
Income (loss) from discontinued operations	—		—	—	—	(37,141)	479	—	—
Net income (loss)	$	8,608	2,513	(6,267)	23,303	(21,503)	14,538	6,260	37,940

Net income (loss) per common share:
Basic	$	1.01	0.32	(0.87)	3.23	(2.37)	1.60	0.69	4.34
Diluted	$	0.97	0.31	(0.87)	3.18	(2.32)	1.56	0.67	4.22

The Company's highest loan demand occurs generally from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results from the Company's third fiscal quarter are generally lower than in other quarters and operating results for its fourth fiscal quarter are generally higher than in other quarters.