5.	RESERVES FOR CREDIT LOSSES

Activity in our reserves for credit losses for the nine months ended December 31, 2016 and 2015 were as follows (in thousands):

	Accounts Receivable			Notes Receivable			Lease-Related Receivables			Total
Balance April 1, 2016	$	1,127		$	3,381		$	685		$	5,193
Provision for credit losses		229			139			93			461
Write-offs and other		(32	)		(12	)		-			(44	)
Balance December 31, 2016	$	1,324		$	3,508		$	778		$	5,610

	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

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, 2016				March 31, 2016
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	406	$	655	$	279	$	562
Ending balance: individually evaluated for impairment		3,102		123		3,102		123
Ending balance	$	3,508	$	778	$	3,381	$	685

Minimum payments:
Ending balance: collectively evaluated for impairment	$	50,016	$	71,201	$	41,340	$	66,161
Ending balance: individually evaluated for impairment		3,151		142		3,102		142
Ending balance	$	53,167	$	71,343	$	44,442	$	66,303

As of December 31, 2016 and March 31, 2016 we had a balance outstanding of $3.2 million for a customer in bankruptcy which is in a non-accrual status. We place receivables on non-accrual status when events, such as a customer’s declaring bankruptcy, occur that indicate a receivable will not be collectable. We charge off uncollectable financing receivables when we stop pursuing collection.

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, 2016 and March 31, 2016 (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, 2016

High CQR	$	163	$	49	$	98	$	310	$	137	$	45,570	$	46,017	$	(3,466	)	$	(21,532	)	$	21,019
Average CQR		44		25		96		165		43		24,976		25,184		(1,667	)		(12,684	)		10,833
Low CQR		-		-		142		142		-		-		142		(19	)		-			123
Total	$	207	$	74	$	336	$	617	$	180	$	70,546	$	71,343	$	(5,152	)	$	(34,216	)	$	31,975

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

The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows as December 31, 2016 and March 31, 2016 (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, 2016

High CQR	$	1,369	$	312	$	827	$	2,508	$	1,244	$	28,206	$	31,958	$	(15,330	)	$	16,628
Average CQR		157		10		-		167		920		16,971		18,058		(12,640	)		5,418
Low CQR		-		-		3,151		3,151		-		-		3,151		-			3,151
Total	$	1,526	$	322	$	3,978	$	5,826	$	2,164	$	45,177	$	53,167	$	(27,970	)	$	25,197

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

We estimate losses on our net credit exposure to be between 0% - 5% for customers with highest CQR, as these customers are investment grade or the equivalent of investment grade. We estimate losses on our net credit exposure to be between 2% - 15% for customers with average CQR, and between 15% - 100% for customers with low CQR, which includes customers in bankruptcy.