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Quarterly Information (Unaudited)
12 Months Ended
Mar. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)
Quarterly Information (Unaudited)

The following sets forth selected quarterly operating data:
 
Fiscal 2019
 
Fiscal 2018
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
 
(Dollars in thousands, except for earnings per share data)
Total revenues
$
122,790

 
127,116

 
137,639

 
156,997

 
116,638

 
118,929

 
125,704

 
141,399

Provision for loan losses
30,591

 
40,359

 
48,944

 
28,533

 
27,710

 
32,824

 
40,456

 
16,631

General and administrative expenses
67,777

 
64,936

 
76,964

 
78,626

 
66,208

 
62,767

 
64,850

 
75,282

Interest expense
4,225

 
4,158

 
4,637

 
4,914

 
4,247

 
4,791

 
5,001

 
5,052

Income tax expense
4,559

 
3,604

 
834

 
6,984

 
7,265

 
6,511

 
15,204

 
18,778

Income (loss) from discontinued operations
(37,141
)
 
479

 

 

 
1,859

 
(2,236
)
 
1,487

 
3,487

Net income (loss)
$
(21,503
)
 
14,538

 
6,260

 
37,940

 
13,067

 
9,800

 
1,680

 
29,143

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic
$
(2.37
)
 
1.60

 
0.69

 
4.34

 
1.50

 
1.12

 
0.19

 
3.25

Diluted
$
(2.32
)
 
1.56

 
0.67

 
4.22

 
1.48

 
1.10

 
0.19

 
3.18



The Company's highest loan demand occurs generally from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results from the Company's third fiscal quarter are generally lower than in other quarters and operating results for its fourth fiscal quarter are generally higher than in other quarters.