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Segment Information (Tables)
12 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

Financial information for our reportable operating segments, which includes allocated corporate expenses, is summarized as follows:

 

 

Year ended March 31, 2021

 

 

 

Finance

 

 

Voluntary protection

 

 

Intercompany

 

 

 

 

 

 

 

operations

 

 

operations

 

 

eliminations

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total financing revenues

 

$

11,799

 

 

$

-

 

 

$

-

 

 

$

11,799

 

Depreciation on operating leases

 

 

5,932

 

 

 

-

 

 

 

-

 

 

 

5,932

 

Interest expense

 

 

2,302

 

 

 

-

 

 

 

-

 

 

 

2,302

 

Net financing revenues

 

 

3,565

 

 

 

-

 

 

 

-

 

 

 

3,565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voluntary protection contract revenues

  and insurance earned premiums

 

 

-

 

 

 

956

 

 

 

-

 

 

 

956

 

Investment and other income, net

 

 

93

 

 

 

317

 

 

 

-

 

 

 

410

 

Net financing and other revenues

 

 

3,658

 

 

 

1,273

 

 

 

-

 

 

 

4,931

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

426

 

 

 

-

 

 

 

-

 

 

 

426

 

Operating and administrative expenses

 

 

1,124

 

 

 

363

 

 

 

-

 

 

 

1,487

 

Voluntary protection contract expenses and insurance losses

 

 

-

 

 

 

369

 

 

 

-

 

 

 

369

 

Total expenses

 

 

1,550

 

 

 

732

 

 

 

-

 

 

 

2,282

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

2,108

 

 

 

541

 

 

 

-

 

 

 

2,649

 

Provision for income taxes

 

 

502

 

 

 

130

 

 

 

-

 

 

 

632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,606

 

 

$

411

 

 

$

-

 

 

$

2,017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

127,726

 

 

$

6,149

 

 

$

(147

)

 

$

133,728

 

 

 

 

 

Year ended March 31, 2020

 

 

 

Finance

 

 

Voluntary protection

 

 

Intercompany

 

 

 

 

 

 

 

operations

 

 

operations

 

 

eliminations

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total financing revenues

 

$

12,029

 

 

$

-

 

 

$

-

 

 

$

12,029

 

Depreciation on operating leases

 

 

6,820

 

 

 

-

 

 

 

-

 

 

 

6,820

 

Interest expense

 

 

2,854

 

 

 

-

 

 

 

(20

)

 

 

2,834

 

Net financing revenues

 

 

2,355

 

 

 

-

 

 

 

20

 

 

 

2,375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voluntary protection contract revenues

  and insurance earned premiums

 

 

-

 

 

 

933

 

 

 

-

 

 

 

933

 

Investment and other income, net

 

 

155

 

 

 

187

 

 

 

(20

)

 

 

322

 

Net financing and other revenues

 

 

2,510

 

 

 

1,120

 

 

 

-

 

 

 

3,630

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

590

 

 

 

-

 

 

 

-

 

 

 

590

 

Operating and administrative expenses

 

 

1,197

 

 

 

364

 

 

 

-

 

 

 

1,561

 

Voluntary protection contract expenses and insurance losses

 

 

-

 

 

 

455

 

 

 

-

 

 

 

455

 

Total expenses

 

 

1,787

 

 

 

819

 

 

 

-

 

 

 

2,606

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

723

 

 

 

301

 

 

 

-

 

 

 

1,024

 

Provision for income taxes

 

 

39

 

 

 

72

 

 

 

-

 

 

 

111

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

684

 

 

$

229

 

 

$

-

 

 

$

913

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

121,180

 

 

$

5,520

 

 

$

(1,145

)

 

$

125,555

 

 

 

 

Year ended March 31, 2019

 

 

 

Finance

 

 

Voluntary protection

 

 

Intercompany

 

 

 

 

 

 

 

operations

 

 

operations

 

 

eliminations

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total financing revenues

 

$

11,640

 

 

$

-

 

 

$

-

 

 

$

11,640

 

Depreciation on operating leases

 

 

6,909

 

 

 

-

 

 

 

-

 

 

 

6,909

 

Interest expense

 

 

2,769

 

 

 

-

 

 

 

(22

)

 

 

2,747

 

Net financing revenues

 

 

1,962

 

 

 

-

 

 

 

22

 

 

 

1,984

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voluntary protection contract revenues

  and insurance earned premiums

 

 

-

 

 

 

904

 

 

 

-

 

 

 

904

 

Investment and other income, net

 

 

188

 

 

 

126

 

 

 

(22

)

 

 

292

 

Net financing and other revenues

 

 

2,150

 

 

 

1,030

 

 

 

-

 

 

 

3,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

372

 

 

 

-

 

 

 

-

 

 

 

372

 

Operating and administrative expenses

 

 

1,038

 

 

 

347

 

 

 

-

 

 

 

1,385

 

Voluntary protection contract expenses and insurance losses

 

 

-

 

 

 

446

 

 

 

-

 

 

 

446

 

Total expenses

 

 

1,410

 

 

 

793

 

 

 

-

 

 

 

2,203

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

740

 

 

 

237

 

 

 

-

 

 

 

977

 

Provision for income taxes

 

 

147

 

 

 

35

 

 

 

-

 

 

 

182

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

593

 

 

$

202

 

 

$

-

 

 

$

795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

112,615

 

 

$

5,066

 

 

$

(1,165

)

 

$

116,516