RESERVES FOR CREDIT LOSSES (Tables)

6 Months Ended

Sep. 30, 2015

RESERVES FOR CREDIT LOSSES [Abstract]

Activity in our reserves for credit losses for the six months ended September 30, 2015 and 2014 were as follows (in thousands):

	Accounts Receivable			Notes Receivable		Lease-Related Receivables			Total
Balance April 1, 2015	$	1,169		$	3,573	$	881		$	5,623
Provision for credit losses		46			11		(33	)		24
Write-offs and other		(119	)		-		-			(119	)
Balance September 30, 2015	$	1,096		$	3,584	$	848		$	5,528

	Accounts Receivable			Notes Receivable		Lease-Related Receivables			Total
Balance April 1, 2014	$	1,364		$	3,364	$	1,024		$	5,752
Provision for credit losses		(99	)		309		11			221
Write-offs and other		(122	)		-		(31	)		(153	)
Balance September 30, 2014	$	1,143		$	3,673	$	1,004		$	5,820

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):

	September 30, 2015				March 31, 2015
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	384	$	725	$	440	$	740
Ending balance: individually evaluated for impairment		3,200		123		3,133		141
Ending balance	$	3,584	$	848	$	3,573	$	881

Minimum payments:
Ending balance: collectively evaluated for impairment	$	58,035	$	67,096	$	56,525	$	66,255
Ending balance: individually evaluated for impairment		3,520		142		3,418		160
Ending balance	$	61,555	$	67,238	$	59,943	$	66,415

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

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 rating (“CQR”) were as follows as of September 30, 2015 and March 31, 2015 (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

September 30, 2015

High CQR	$	131	$	83	$	186	$	400	$	193	$	47,143	$	47,736	$	(2,744	)	$	(10,664	)	$	34,328
Average CQR		3		-		102		105		64		19,191		19,360		(1,454	)		(6,077	)		11,829
Low CQR		-		-		142		142		-		-		142		(19	)		-			123
Total	$	134	$	83	$	430	$	647	$	257	$	66,334	$	67,238	$	(4,217	)	$	(16,741	)	$	46,280

March 31, 2015

High CQR	$	70	$	185	$	133	$	388	$	430	$	41,213	$	42,031	$	(2,340	)	$	(16,561	)	$	23,130
Average CQR		15		68		19		102		75		24,047		24,224		(1,742	)		(9,397	)		13,085
Low CQR		-		-		-		-		-		160		160		(19	)		-			141
Total	$	85	$	253	$	152	$	490	$	505	$	65,420	$	66,415	$	(4,101	)	$	(25,958	)	$	36,356

Balance Disaggregated Based on Internally Assigned CQR

The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows as September 30, 2015 and March 31, 2015 (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

September 30, 2015

High CQR	$	-	$	5	$	174	$	179	$	34	$	44,843	$	45,056	$	(25,890	)	$	19,166
Average CQR		6		6		118		130		202		12,647		12,979		(7,763	)		5,216
Low CQR		-		-		3,520		3,520		-		-		3,520		-			3,520
Total	$	6	$	11	$	3,812	$	3,829	$	236	$	57,490	$	61,555	$	(33,653	)	$	27,902

March 31, 2015

High CQR	$	338	$	260	$	161	$	759	$	2,455	$	35,996	$	39,210	$	(18,255	)	$	20,955
Average CQR		57		-		-		57		376		16,882		17,315		(11,665	)		5,650
Low CQR		-		-		656		656		-		2,762		3,418		-			3,418
Total	$	395	$	260	$	817	$	1,472	$	2,831	$	55,640	$	59,943	$	(29,920	)	$	30,023