FINANCING RECEIVABLES AND OPERATING LEASES (Tables)

6 Months Ended

Sep. 30, 2018

FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]

Notes Receivable Net and Investments in Leases

Our financing receivables-net consist of the following (in thousands):

	Notes			Lease-Related			Total Financing
September 30, 2018	Receivables			Receivables			Receivables
Minimum payments	$	72,585		$	77,825		$	150,410
Estimated unguaranteed residual value (1)		-			12,805			12,805
Initial direct costs, net of amortization (2)		629			397			1,026
Unearned income		-			(9,409	)		(9,409	)
Reserve for credit losses (3)		(483	)		(598	)		(1,081	)
Total, net	$	72,731		$	81,020		$	153,751
Reported as:
Current	$	52,409		$	33,844		$	86,253
Long-term		20,322			47,176			67,498
Total, net	$	72,731		$	81,020		$	153,751

(1) Includes estimated unguaranteed residual values of $7,074 thousand for direct financing leases, which have been sold and accounted for as sales.

(2) Initial direct costs are shown net of amortization of $357 thousand.

(3) For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.”

	Notes			Lease-Related			Total Financing
March 31, 2018	Receivables			Receivables			Receivables
Minimum payments	$	62,992		$	65,943		$	128,935
Estimated unguaranteed residual value (1)		-			11,226			11,226
Initial direct costs, net of amortization (2)		375			334			709
Unearned income		-			(8,251	)		(8,251	)
Reserve for credit losses (3)		(486	)		(640	)		(1,126	)
Total, net	$	62,881		$	68,612		$	131,493
Reported as:
Current	$	39,993		$	29,943		$	69,936
Long-term		22,888			38,669			61,557
Total, net	$	62,881		$	68,612		$	131,493

(1) Includes estimated unguaranteed residual values of $6,004 thousand for direct financing leases that have been sold and accounted for as sales.

(2) Initial direct costs are shown net of amortization of $341 thousand.

(3) For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.”

Investment in Operating Lease Equipment - Net

The components of the operating leases—net are as follows (in thousands):

	September 30, 2018			March 31, 2018
Cost of equipment under operating leases	$	20,738		$	15,683
Accumulated depreciation		(9,117	)		(8,729	)
Investment in operating lease equipment—net (1)	$	11,621		$	6,954

(1) Includes estimated unguaranteed residual values of $2,931 thousand and $1,921 thousand as of September 30, 2018 and March 31, 2018, respectively.