Segments Segment (Notes)

12 Months Ended

Mar. 31, 2019

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

On August 3, 2018 the Company and its affiliates completed the sale of the Company's Mexico operating segment in its entirety. The Company sold all of the issued and outstanding capital stock and equity interest of WAC de Mexico and SWAC to the Purchasers, effective as of July 1, 2018, for a purchase price of approximately $44.36 million. Under the terms of the stock purchase agreement, we are obligated to indemnify the Purchasers for claims and liabilities relating to certain investigations of WAC de Mexico, SWAC, or the Sellers by the DOJ or the SEC that commenced prior to July 1, 2018. Additionally, the Company has provided, and may continue to provide, limited ParaData systems and software training to the Purchasers, as requested. The Company has not and will not have any other involvement with the Mexico operating segment subsequent to the sale's effective date.

The following table reconciles the major classes of assets and liabilities of discontinued operations to the amounts presented in the Consolidated Balance Sheet for March 31, 2018:

	March 31, 2018
Assets of discontinued operations:
Cash and cash equivalents	$	19,612,471
Loans receivable, net	46,027,200
Property and equipment, net	2,805,467
Deferred income taxes, net	10,064,489
Other assets, net	965,770
Total assets of discontinued operations	$	79,475,397
Liabilities of discontinued operations:
Income taxes payable	$	437,551
Accounts payable and accrued expenses	6,940,880
Total liabilities of discontinued operations	$	7,378,431

The following table reconciles the major classes of line items constituting pre-tax income (loss) of discontinued operations to the amounts presented in the Consolidated Statements of Operations:

	Year ended March 31,
	2019		2018		2017
Revenues	9,693,367		46,037,802		40,913,304
Provision for loan losses	1,809,059		13,358,989		9,476,450
General and administrative expenses:
Income from discontinued operations before disposal of discontinued operations and income taxes	2,341,825		4,353,617		8,049,257
Gain (loss) on disposal of discontinued operations	(38,377,623	)	—		—
Income taxes (benefit)	626,583		(243,321	)	2,239,345
Income (loss) from discontinued operations	(36,662,381	)	4,596,938		5,809,912

The following table presents operating, investing and financing cash flows for the Company’s discontinued operations:

	Year ended March 31,
	2019			2018			2017
Cash provided by operating activities:	$	3,553,854		$	19,511,343		$	16,660,950
Cash provided by (used in) investing activities:	1,138,084			(3,649,778		)	(17,648,839		)
Cash provided by (used in) financing activities:	$	(17,126,000	)	$	—		$	1,100,000