RESERVES FOR CREDIT LOSSES (Tables)

6 Months Ended

Sep. 30, 2018

RESERVES FOR CREDIT LOSSES [Abstract]

Activity in Reserves for Credit Losses

Activity in our reserves for credit losses were as follows (in thousands):

	Accounts Receivable			Notes Receivable			Lease- Related Receivables			Total
Balance April 1, 2018	$	1,538		$	486		$	640		$	2,664
Provision for credit losses		127			(3	)		(42	)		82
Write-offs and other		(1	)		-			-			(1	)
Balance September 30, 2018	$	1,664		$	483		$	598		$	2,745

	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

Reserve for Credit Losses and Minimum Lease Payments Associated with Notes Receivable and Investment in Direct Financing and Sales-type Lease Balances Disaggregated Based on Our Impairment Method

Our reserves for credit losses and minimum payments associated with our notes receivables and lease-related receivables disaggregated based on of our impairment method were as follows (in thousands):

	September 30, 2018				March 31, 2018
	Notes Receivable		Lease- Related Receivables		Notes Receivable		Lease- Related Receivables
Reserves for credit losses:
Ending balance: collectively evaluated for impairment	$	421	$	598	$	424	$	640
Ending balance: individually evaluated for impairment		62		-		62		-
Ending balance	$	483	$	598	$	486	$	640
Minimum payments:
Ending balance: collectively evaluated for impairment	$	72,523	$	77,825	$	62,930	$	65,943
Ending balance: individually evaluated for impairment		62		-		62		-
Ending balance	$	72,585	$	77,825	$	62,992	$	65,943

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 September 30, 2018 and March 31, 2018 (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, 2018
High CQR	$	201	$	39	$	37	$	277	$	73	$	37,216	$	37,566	$	(4,331	)	$	(20,572	)	$	12,663
Average CQR		129		57		50		236		42		39,981		40,259		(3,125	)		(24,424	)		12,710
Low CQR		-		-		-		-		-		-		-		-			-			-
Total	$	330	$	96	$	87	$	513	$	115	$	77,197	$	77,825	$	(7,456	)	$	(44,996	)	$	25,373
March 31, 2018
High CQR	$	143	$	40	$	43	$	226	$	224	$	33,779	$	34,229	$	(3,743	)	$	(17,207	)	$	13,279
Average CQR		109		31		117		257		171		31,286		31,714		(2,749	)		(16,012	)		12,953
Low CQR		-		-		-		-		-		-		-		-			-			-
Total	$	252	$	71	$	160	$	483	$	395	$	65,065	$	65,943	$	(6,492	)	$	(33,219	)	$	26,232

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 (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
			2017
September 30, 2018
High CQR	$	2,422	$	45	$	745	$	3,212	$	1,352	$	53,978	$	58,542	$	(43,655	)	$	14,887
Average CQR		453		13		18		484		629		12,868		13,981		(8,012	)		5,969
Low CQR		-		-		62		62		-		-		62		-			62
Total	$	2,875	$	58	$	825	$	3,758	$	1,981	$	66,846	$	72,585	$	(51,667	)	$	20,918
March 31, 2018
High CQR	$	175	$	527	$	423	$	1,125	$	3,262	$	40,896	$	45,283	$	(30,345	)	$	14,938
Average CQR		42		409		22		473		394		16,780		17,647		(10,424	)		7,223
Low CQR		-		-		62		62		-		-		62		-			62
Total	$	217	$	936	$	507	$	1,660	$	3,656	$	57,676	$	62,992	$	(40,769	)	$	22,223