RESERVES FOR CREDIT LOSSES (Tables)

3 Months Ended

Jun. 30, 2013

RESERVES FOR CREDIT LOSSES [Abstract]

Activity in Reserves for Credit Losses

Activity in our reserves for credit losses for the three months ended June 30, 2013 and 2012 were as follows (in thousands):

	Accounts Receivable			Notes Receivable		Lease-Related Receivables			Total
Balance April 1, 2013	$	1,147		$	3,137	$	845		$	5,131
Provision for bad debts, net of recoveries		18			31		(116	)		(67	)
Write-offs and other		(88	)		-		-			(88	)
Balance June 30, 2013	$	1,077		$	3,168	$	729		$	4,976

	Accounts Receivable			Notes Receivable		Lease-Related Receivables			Total
Balance April 1, 2012	$	1,307		$	2,963	$	1,336		$	5,606
Provision for bad debts, net of recoveries		(222	)		145		(139	)		(216	)
Write-offs and other		(33	)		-		(3	)		(36	)
Balance June 30, 2012	$	1,052		$	3,108	$	1,194		$	5,354

Reserve for Credit Losses and Minimum Lease Payments Associated with Notes Receivable and Investment in Direct Financing and Sales-type Lease Balances Disaggregated on the Basis of Impairment Method

Our reserves for credit losses and minimum payments associated with our notes receivables and lease related receivables disaggregated on the basis of our impairment method were as follows (in thousands):

	June 30,2013				March, 31, 2013
	Notes Receivable		Lease-Related Receivables		Notes Receivable		Lease-Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	341	$	628	$	310	$	747
Ending balance: individually evaluated for impairment		2,827		101		2,827		98
Ending balance	$	3,168	$	729	$	3,137	$	845
Minimum payments:
Ending balance: collectively evaluated for impairment	$	48,759	$	63,488	$	31,793	$	64,246
Ending balance: individually evaluated for impairment		3,237		388		3,237		368
Ending balance	$	51,996	$	63,876	$	35,030	$	64,614

Balance Disaggregated Based on Internally Assigned CQR

As of June 30, 2013, the age of the recorded minimum lease payments and net credit exposure associated with our investment in direct financing and sales-type leases that are past due, disaggregated based on our internally assigned credit quality ratings (“CQR”), were as follows (in thousands):

	31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Unbilled Minimum Lease Payments		Total Minimum Lease Payments		Unearned Income			Non-Recourse Notes Payable			Net Credit Exposure
June 30, 2013
High CQR	$	197	$	13	$	103	$	313	$	259	$	36,719	$	37,291	$	(2,256	)	$	(4,817	)	$	30,218
Average CQR		6		5		8		19		69		26,109		26,197		(1,681	)		(12,688	)		11,828
Low CQR		-		-		61		61		-		327		388		(36	)		-			352
Total		203		18		172		393		328		63,155		63,876		(3,973	)		(17,505	)		42,398
March 31, 2013
High CQR	$	454	$	316	$	28	$	798	$	322	$	38,278	$	39,398	$	(2,777	)	$	(10,337	)	$	26,284
Average CQR		51		51		5		107		101		24,640		24,848		(1,596	)		(7,857	)		15,395
Low CQR		-		-		61		61		-		307		368		(39	)		-			329
Total		505		367		94		966		423		63,225		64,614		(4,412	)		(18,194	)		42,008

Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR

As of June 30, 2013, the age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows (in thousands):

	31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Unbilled Notes Receivable		Total Notes Receivable		Non-Recourse Notes Payable			Net Credit Exposure
June 30, 2013
High CQR	$	-	$	-	$	2,954	$	2,954	$	3,931	$	31,655	$	38,540	$	(15,566	)	$	22,974
Average CQR		-		-		53		53		755		9,411		10,219		(4,903	)		5,316
Low CQR		-		-		726		726		-		2,511		3,237		-			3,237
Total	$	-	$	-	$	3,733	$	3,733	$	4,686	$	43,577	$	51,996	$	(20,469	)	$	31,527
March 31, 2013
High CQR	$	1,342	$	127	$	832	$	2,301	$	3,450	$	22,097	$	27,848	$	(5,621	)	$	22,227
Average CQR		1,379		-		-		1,379		-		2,566		3,945		(1,203	)		2,742
Low CQR		-		-		726		726		-		2,511		3,237		-			3,237
Total	$	2,721	$	127	$	1,558	$	4,406	$	3,450	$	27,174	$	35,030	$	(6,824	)	$	28,206