5.	RESERVES FOR CREDIT LOSSES

Activity in our reserves for credit losses for the three and six months ended September 30, 2017 and 2016 were as follows (in thousands):

	Accounts Receivable			Notes Receivable			Lease-Related Receivables			Total
Balance April 1, 2017	$	1,279		$	3,434		$	679		$	5,392
Provision for credit losses		(5	)		27			133			155
Write-offs and other		-			(3,020	)		(164	)		(3,184	)
Balance September 30, 2017	$	1,274		$	441		$	648		$	2,363

	Accounts Receivable			Notes Receivable		Lease-Related Receivables		Total
Balance April 1, 2016	$	1,127		$	3,381	$	685	$	5,193
Provision for credit losses		76			176		273		525
Write-offs and other		(31	)		-		-		(31	)
Balance September 30, 2016	$	1,172		$	3,557	$	958	$	5,687

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, 2017				March 31, 2017
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	376	$	648	$	348	$	556
Ending balance: individually evaluated for impairment		65		-		3,086		123
Ending balance	$	441	$	648	$	3,434	$	679

Minimum payments:
Ending balance: collectively evaluated for impairment	$	46,414	$	67,693	$	45,438	$	57,730
Ending balance: individually evaluated for impairment		65		-		3,086		142
Ending balance	$	46,479	$	67,693	$	48,524	$	57,872

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. As of March 31, 2017 we had a balance outstanding as of $3.2 million for a customer in bankruptcy which was fully reserved and on a non-accrual status. We wrote off this balance against the reserve for credit losses during the six months ended September 30, 2017, after the bankruptcy case was substantially complete.

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, 2017 and March 31, 2017 (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, 2017

High CQR	$	42	$	24	$	510	$	576	$	656	$	46,126	$	47,358	$	(2,405	)	$	(17,893	)	$	27,060
Average CQR		62		30		135		227		147		19,961		20,335		(1,061	)		(8,652	)		10,622
Low CQR		-		-		-		-		-		-		-		-			-			-
Total	$	104	$	54	$	645	$	803	$	803	$	66,087	$	67,693	$	(3,466	)	$	(26,545	)	$	37,682

March 31, 2017

High CQR	$	379	$	224	$	230	$	833	$	406	$	32,532	$	33,771	$	(2,362	)	$	(12,924	)	$	18,485
Average CQR		113		20		113		246		91		23,622		23,959		(1,556	)		(13,353	)		9,050
Low CQR		-		-		142		142		-		-		142		(19	)		-			123
Total	$	492	$	244	$	485	$	1,221	$	497	$	56,154	$	57,872	$	(3,937	)	$	(26,277	)	$	27,658

The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows as September 30, 2017 and March 31, 2017 (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, 2017

High CQR	$	122	$	141	$	2	$	265	$	1,635	$	32,984	$	34,884	$	(22,938	)	$	11,946
Average CQR		737		4		9		750		1,442		9,338		11,530		(5,388	)		6,142
Low CQR		-		-		65		65		-		-		65		-			65
Total	$	859	$	145	$	76	$	1,080	$	3,077	$	42,322	$	46,479	$	(28,326	)	$	18,153

March 31, 2017

High CQR	$	183	$	663	$	755	$	1,601	$	1,165	$	23,359	$	26,125	$	(12,003	)	$	14,122
Average CQR		28		5		-		33		555		18,725		19,313		(13,732	)		5,581
Low CQR		-		-		3,086		3,086		-		-		3,086		-			3,086
Total	$	211	$	668	$	3,841	$	4,720	$	1,720	$	42,084	$	48,524	$	(25,735	)	$	22,789

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.