Segment Information

12 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Information

Note 16 – Segment Information

Our reportable segments are finance and insurance operations.  Finance operations include retail, leasing, and dealer financing provided to authorized dealers and their customers in the U.S. and Puerto Rico.  Insurance operations are performed by TMIS and its subsidiaries.  The segment information presented below includes allocated corporate expenses for the respective segments.  The accounting policies of the operating segments are the same as those described in Note 1 – Summary of Significant Accounting Policies.

Financial information for our reportable operating segments is summarized as follows:

	Year ended March 31, 2018
	Finance			Insurance		Intercompany
	operations			operations		eliminations			Total
Total financing revenues	$	10,717		$	-	$	-		$	10,717
Depreciation on operating leases		7,041			-		-			7,041
Interest expense		1,863			-		(12	)		1,851
Net financing revenues		1,813			-		12			1,825
Insurance earned premiums and contract revenues		-			882		-			882
Investment and other income, net		140			88		(12	)		216
Realized gains, net on investments in    marketable securities		-			41		-			41
Net financing and other revenues		1,953			1,011		-			2,964
Expenses:
Provision for credit losses		401			-		-			401
Operating and administrative expenses		1,028			329		-			1,357
Insurance losses and loss adjustment expenses		-			425		-			425
Total expenses		1,429			754		-			2,183
Income before income taxes		524			257		-			781
(Benefit) provision for income taxes		(2,654	)		25		-			(2,629	)
Net income	$	3,178		$	232	$	-		$	3,410
Total assets	$	116,942		$	4,691	$	(1,087	)	$	120,546

Note 16 – Segment Information (Continued)

	Year ended March 31, 2017
	Finance		Insurance			Intercompany
	operations		operations			eliminations			Total
Total financing revenues	$	10,046	$	-		$	-		$	10,046
Depreciation on operating leases		6,853		-			-			6,853
Interest expense		1,759		-			(5	)		1,754
Net financing revenues		1,434		-			5			1,439
Insurance earned premiums and contract revenues		-		804			-			804
Investment and other income, net		96		79			(5	)		170
Realized gains (losses), net on investments in    marketable securities		241		(15	)		-			226
Net financing and other revenues		1,771		868			-			2,639
Expenses:
Provision for credit losses		582		-			-			582
Operating and administrative expenses		979		298			-			1,277
Insurance losses and loss adjustment expenses		-		371			-			371
Total expenses		1,561		669			-			2,230
Income before income taxes		210		199			-			409
Provision for income taxes		67		75			-			142
Net income	$	143	$	124		$	-		$	267
Total assets	$	116,242	$	4,476		$	(1,083	)	$	119,635

Note 16 – Segment Information (Continued)

	Year ended March 31, 2016
	Finance		Insurance			Intercompany
	operations		operations			eliminations			Total
Total financing revenues	$	9,403	$	-		$	-		$	9,403
Depreciation on operating leases		5,914		-			-			5,914
Interest expense		1,137		-			-			1,137
Net financing revenues		2,352		-			-			2,352
Insurance earned premiums and contract revenues		-		719			-			719
Gain on sale of commercial finance business		197		-			-			197
Investment and other income, net		59		99			-			158
Realized gains (losses), net on investments in marketable securities		40		(34	)		-			6
Net financing and other revenues		2,648		784			-			3,432
Expenses:
Provision for credit losses		441		-			-			441
Operating and administrative expenses		909		252			-			1,161
Insurance losses and loss adjustment expenses		-		318			-			318
Total Expenses		1,350		570			-			1,920
Income before income taxes		1,298		214			-			1,512
Provision for income taxes		501		79			-			580
Net income	$	797	$	135		$	-		$	932
Total assets	$	111,496	$	4,161		$	(1,065	)	$	114,592