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Segments Segment (Notes)
12 Months Ended
Mar. 31, 2017
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure [Text Block]
Segments

The Company evaluates segment reporting in accordance with the FASB Accounting Standards Codification 280, Segment Reporting each reporting period, including evaluating the reporting package reviewed by the Chief Operation Decision Maker (“CODM”). The Company has concluded the Chief Executive Officer qualifies as the CODM.

Management believes there are four possible approaches to consider when determining the Company’s operating segments: by nationality, by division, by business line, and by function. In all, these approaches present a total of 13 unique entity components. Of the 13 unique entity components, Management has determined that only the U.S. and Mexico components meet the tests in ASC 280-10-50-1 to be classified as operating segments. The U.S. component is housed within the Nationality approach while the Mexico component is shared by the Nationality and Division approaches.

At March 31, 2017 only the U.S. operating segment meets one or more of the quantitative thresholds that trigger separately disclosed reporting. However, Management believes separately disclosed information about the Mexico operating segment would be useful to readers of the financial statements. Therefore, the Company has two reportable segments, which are the U.S. and Mexico components.

The following table presents operating results for the Company’s two reportable segments:

 
 
For the Year Ended March 31,
 
 
2017
 
2016
 
2015
Revenues:
 
 
 
 
 
 
U.S.
 
$
490,821,420

 
515,300,873

 
557,818,594

Mexico
 
40,913,304

 
42,174,834

 
52,394,282

Consolidated revenues
 
531,734,724

 
557,475,707

 
610,212,876

 
 
 
 
 
 
 
Provision for loan losses:
 
 
 
 
 
 
U.S.
 
$
119,095,712

 
114,427,629

 
107,223,759

Mexico
 
9,476,450

 
9,170,689

 
11,606,104

Consolidated provision for loan losses
 
128,572,162

 
123,598,318

 
118,829,863

 
 
 
 
 
 
 
General and administrative expenses:(1)
 
 
 
 
 
 
U.S.
 
$
244,753,946

 
244,370,502

 
263,166,854

Mexico
 
22,907,277

 
24,769,173

 
28,884,665

Consolidated general and administrative expenses
 
267,661,223

 
269,139,675

 
292,051,519

 
 
 
 
 
 
 
Interest expense:(2)
 
 
 
 
 
 
U.S.
 
$
21,504,208

 
26,849,250

 
23,301,156

Mexico
 

 

 

Consolidated interest expense
 
21,504,208

 
26,849,250

 
23,301,156

 
 
 
 
 
 
 
Income tax expense:
 
 
 
 
 
 
U.S.
 
$
38,157,492

 
48,978,587

 
63,461,082

Mexico
 
2,239,345

 
1,514,320

 
1,735,798

Consolidated income tax expense
 
40,396,837

 
50,492,907

 
65,196,880

 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
U.S.
 
$
67,310,062

 
80,674,905

 
100,665,743

Mexico
 
6,290,232

 
6,720,652

 
10,167,715

Consolidated net income
 
73,600,294

 
87,395,557

 
110,833,458



(1) In accordance with transfer pricing agreements between the segments, the Mexico segment reimburses the U.S. segment for personnel-related and other administrative costs incurred by the U.S. for the benefit of Mexico. For fiscal years 2017, 2016, and 2015 these charges totaled $0.4 million, $2.7 million, and $2.8 million, respectively.
(2) In accordance with the Company's revolving credit facility, substantially all of the Company’s assets, excluding the Company’s Mexico subsidiaries, are pledged as collateral. Any working capital contributions made by the U.S. to Mexico are treated as contributions of capital. Therefore, the Mexico segment incurs no interest expense.

The following table presents long-lived assets (other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets)
for the Company’s two reportable segments:

 
 
March 31,
 
 
2017
 
2016
Total long-lived assets
 
 
 
 
U.S.
 
$
20,724,777

 
21,300,123

Mexico
 
3,459,430

 
3,996,790

Consolidated total assets
 
24,184,207

 
25,296,913



The following table presents total assets for the Company’s two reportable segments:

 
 
March 31,
 
 
2017
 
2016
Total assets
 
 
 
 
U.S.
 
$
730,985,558

 
739,870,383

Mexico
 
69,603,217

 
66,348,480

Consolidated total assets
 
800,588,775

 
806,218,863