RESERVES FOR CREDIT LOSSES (Tables)

12 Months Ended

Mar. 31, 2016

RESERVES FOR CREDIT LOSSES [Abstract]

Activity in Reserves for Credit Losses

Activity in our reserves for credit losses for the years ended March 31, 2016, 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		126			(172	)		(196	)		(242	)
Write-offs and other		(168	)		(20	)		-			(188	)
Balance March 31, 2016	$	1,127		$	3,381		$	685		$	5,193

	Accounts Receivable			Notes Receivable		Lease-Related Receivables			Total
Balance April 1, 2014	$	1,364		$	3,364	$	1,024		$	5,752
Provision for credit losses		28			209		(112	)		125
Write-offs and other		(223	)		-		(31	)		(254	)
Balance March 31, 2015	$	1,169		$	3,573	$	881		$	5,623

	Accounts Receivable			Notes Receivable		Lease-Related Receivables		Total
Balance April 1, 2013	$	1,147		$	3,137	$	845	$	5,129
Provision for credit losses		344			227		179		750
Write-offs and other		(127	)		-		-		(127	)
Balance March 31, 2014	$	1,364		$	3,364	$	1,024	$	5,752

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 reserve for credit losses and minimum lease payments associated with our investment in direct financing and sales- type lease balances disaggregated on the basis of our impairment method were as follows (in thousands):

	March 31, 2016				March 31, 2015
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	279	$	562	$	440	$	740
Ending balance: individually evaluated for impairment		3,102		123		3,133		141
Ending balance	$	3,381	$	685	$	3,573	$	881
Minimum payments:
Ending balance: collectively evaluated for impairment	$	41,340	$	66,161	$	56,525	$	66,255
Ending balance: individually evaluated for impairment		3,102		142		3,418		160
Ending balance	$	44,442	$	66,303	$	59,943	$	66,415

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 March 31, 2016 and 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
March 31, 2016
High CQR	$	575	$	52	$	94	$	721	$	984	$	46,157	$	47,862	$	(2,705	)	$	(22,914	)	$	22,243
Average CQR		15		17		78		110		159		18,030		18,299		(1,387	)		(8,714	)		8,198
Low CQR		-		-		142		142		-		-		142		(19	)		-			123
Total	$	590	$	69	$	314	$	973	$	1,143	$	64,187	$	66,303	$	(4,111	)	$	(31,628	)	$	30,564
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

Age of the Recorded Notes Receivable 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 March 31, 2016 and 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
March 31, 2016
High CQR	$	399	$	305	$	2,168	$	2,872	$	301	$	24,092	$	27,265	$	(11,644	)	$	15,621
Average CQR		-		-		-		-		202		13,873		14,075		(9,942	)		4,133
Low CQR		-		-		3,102		3,102		-		-		3,102		-			3,102
Total	$	399	$	305	$	5,270	$	5,974	$	503	$	37,965	$	44,442	$	(21,586	)	$	22,856
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