RESERVES FOR CREDIT LOSSES (Tables)

9 Months Ended

Dec. 31, 2015

RESERVES FOR CREDIT LOSSES [Abstract]

Activity in Reserves for Credit Losses

Activity in our reserves for credit losses for the nine months ended December 31, 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		12			7		(50	)		(31	)
Write-offs and other		(119	)		-		-			(119	)
Balance December 31, 2015	$	1,062		$	3,580	$	831		$	5,473

	Accounts Receivable			Notes Receivable		Lease-Related Receivables			Total
Balance April 1, 2014	$	1,364		$	3,364	$	1,024		$	5,752
Provision for credit losses		69			244		39			352
Write-offs and other		(228	)		-		(31	)		(259	)
Balance December 31, 2014	$	1,205		$	3,608	$	1,032		$	5,845

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):

	December 31, 2015				March 31, 2015
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	427	$	708	$	440	$	740
Ending balance: individually evaluated for impairment		3,153		123		3,133		141
Ending balance	$	3,580	$	831	$	3,573	$	881
Minimum payments:
Ending balance: collectively evaluated for impairment	$	53,109	$	74,409	$	56,525	$	66,255
Ending balance: individually evaluated for impairment		3,202		142		3,418		160
Ending balance	$	56,311	$	74,551	$	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 December 31, 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
December 31, 2015
High CQR	$	175	$	78	$	422	$	675	$	935	$	54,323	$	55,933	$	(3,664	)	$	(23,362	)	$	28,907
Average CQR		50		13		66		129		79		18,268		18,476		(1,394	)		(6,566	)		10,516
Low CQR		-		-		142		142		-		-		142		(19	)		-			123
Total	$	225	$	91	$	630	$	946	$	1,014	$	72,591	$	74,551	$	(5,077	)	$	(29,928	)	$	39,546
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 December 31, 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
December 31, 2015
High CQR	$	837	$	585	$	2,253	$	3,675	$	252	$	30,416	$	34,343	$	(20,690	)	$	13,653
Average CQR		265		-		174		439		97		18,230		18,766		(11,536	)		7,230
Low CQR		-		-		3,102		3,102		-		100		3,202		-			3,202
Total	$	1,102	$	585	$	5,529	$	7,216	$	349	$	48,746	$	56,311	$	(32,226	)	$	24,085
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