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ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Dec. 31, 2021
ALLOWANCE FOR CREDIT LOSSES [Abstract]  
Activity in Reserves for Credit Losses
The following table provides the activity in our allowance for credit losses for the nine months ended December 31, 2021, and 2020 (in thousands):

   
Accounts
Receivable
    
Notes
Receivable
    
Lease
Receivables
    
Total
  
Balance April 1, 2021
  
$
2,064
    
$
1,212
    
$
1,171
    
$
4,447
  
Provision for credit losses
    
330
      
60
      
(313
)
    
77
  
Write-offs and other
    
(129
)
    
(112
)
    
(212
)
    
(453
)
Balance December 31, 2021
  
$
2,265
    
$
1,160
    
$
646
    
$
4,071
  

   
Accounts
Receivable
    
Notes
Receivable
    
Lease
Receivables
    
Total
  
Balance April 1, 2020
  
$
1,781
    
$
798
    
$
610
    
$
3,189
  
Provision for credit losses
    
866
      
570
      
484
      
1,920
  
Write-offs and other
    
(46
)
    
(88
)
    
(6
)
    
(140
)
Balance December 31, 2020
  
$
2,601
    
$
1,280
    
$
1,088
    
$
4,969
  
Amortized Cost Basis of Financing Receivables by Credit Quality Rating and Credit Origination Year
The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of December 31, 2021 (in thousands):

   
Amortized cost basis by origination year ending March 31,
                    
 
2022
    
2021
    
2020
    
2019
    
2018
    
2017
    
Total
    
Transfers
(2)
    
Net credit
exposure
  
Notes receivable:
                                                      
High CQR
  
$
57,295
    
$
32,657
    
$
1,952
    
$
285
    
$
110
    
$
6
    
$
92,305
    
$
(46,939
)
  
$
45,366
  
Average CQR
    
17,762
      
3,724
      
1,337
      
316
      
2
      
-
      
23,141
      
(10,759
)
    
12,382
  
Low CQR
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total
  
$
75,057
    
$
36,381
    
$
3,289
    
$
601
    
$
112
    
$
6
    
$
115,446
    
$
(57,698
)
  
$
57,748
  
                                                                         
Lease receivables:
                                                                        
High CQR
  
$
16,273
    
$
5,671
    
$
3,047
    
$
1,241
    
$
103
    
$
14
    
$
26,349
    
$
(3,194
)
  
$
23,155
  
Average CQR
    
10,250
      
5,579
      
1,330
      
124
      
110
      
10
      
17,403
      
(2,234
)
    
15,169
  
Low CQR
    
267
      
848
      
-
      
-
      
-
      
-
      
1,115
      
-
      
1,115
  
Total
  
$
26,790
    
$
12,098
    
$
4,377
    
$
1,365
    
$
213
    
$
24
    
$
44,867
    
$
(5,428
)
  
$
39,439
  
                                                                         
Total amortized cost (1)
  
$
101,847
    
$
48,479
    
$
7,666
    
$
1,966
    
$
325
    
$
30
    
$
160,313
    
$
(63,126
)
  
$
97,187
  

(1)
Unguaranteed residual values of $7,176 thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $234 thousand are excluded from amortized cost.
(2)
Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions.

The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of March 31, 2021 (in thousands):

   
Amortized cost basis by origination year ending March 31,
                    
 
2021
    
2020
    
2019
    
2018
    
2017
    
Total
    
Transfers
(2)
    
Net credit
exposure
  
                                                 
Notes receivable:
                                                
High CQR
  
$
93,793
    
$
6,250
    
$
769
    
$
771
    
$
19
    
$
101,602
    
$
(63,471
)
  
$
38,131
  
Average CQR
    
7,689
      
2,468
      
550
      
8
      
-
      
10,715
      
(2,896
)
    
7,819
  
Low CQR
    
-
      
-
      
324
      
-
      
-
      
324
      
-
      
324
  
Total
  
$
101,482
    
$
8,718
    
$
1,643
    
$
779
    
$
19
    
$
112,641
    
$
(66,367
)
  
$
46,274
  
                                                                 
Lease receivables:
                                                                
High CQR
  
$
28,898
    
$
5,885
    
$
1,798
    
$
463
    
$
125
    
$
37,169
    
$
(7,468
)
  
$
29,701
  
Average CQR
    
23,445
      
3,482
      
1,017
      
270
      
40
      
28,254
      
(4,592
)
    
23,662
  
Low CQR
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total
  
$
52,343
    
$
9,367
    
$
2,815
    
$
733
    
$
165
    
$
65,423
    
$
(12,060
)
  
$
53,363
  
                                                                 
Total amortized cost (1)
  
$
153,825
    
$
18,085
    
$
4,458
    
$
1,512
    
$
184
    
$
178,064
    
$
(78,427
)
  
$
99,637
  

(1)
Unguaranteed residual values of $9,453 thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $425 thousand are excluded from amortized cost.
(2)
Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions.
Aging Analysis of Financing Receivables
The following table provides an aging analysis of our financing receivables as of December 31, 2021 (in thousands):

 
31-60
Days Past
Due
    
61-90
Days Past
Due
    
> 90
Days Past
Due
    
Total
Past Due
    
Current
    
Total
Billed
    
Unbilled
    
Amortized
Cost
  
Notes receivable
  
$
945
    
$
87
    
$
866
    
$
1,898
    
$
6,112
    
$
8,010
    
$
107,436
    
$
115,446
  
Lease receivables
    
256
      
208
      
482
      
946
      
2,578
      
3,524
      
41,343
      
44,867
  
Total
  
$
1,201
    
$
295
    
$
1,348
    
$
2,844
    
$
8,690
    
$
11,534
    
$
148,779
    
$
160,313
  

The following table provides an aging analysis of our financing receivables as of March 31, 2021 (in thousands):

 
31-60
Days Past
Due
    
61-90
Days Past
Due
    
> 90
Days Past
Due
    
Total
Past Due
    
Current
    
Total
Billed
    
Unbilled
    
Amortized
Cost
  
Notes receivable
  
$
648
    
$
910
    
$
673
    
$
2,231
    
$
3,240
    
$
5,471
    
$
107,170
    
$
112,641
  
Lease receivables
    
804
      
132
      
643
      
1,579
      
2,566
      
4,145
      
61,278
      
65,423
  
Total
  
$
1,452
    
$
1,042
    
$
1,316
    
$
3,810
    
$
5,806
    
$
9,616
    
$
168,448
    
$
178,064