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Allowance for Credit Losses (Tables)
 6 Months Ended
Sep. 30, 2015
Loans And Leases Receivable Disclosure [Abstract]  
Allowance for Credit Losses on Finance Receivables and Investments in Operating Leases

The following table provides information related to our allowance for credit losses on finance receivables and investments in operating leases:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Allowance for credit losses at beginning of period

 

$

467

 

 

$

447

 

 

$

485

 

 

$

454

 

Provision for credit losses

 

 

105

 

 

 

79

 

 

 

150

 

 

 

117

 

Transferred to held-for-sale

 

 

(7

)

 

 

-

 

 

 

(7

)

 

 

-

 

Charge-offs, net of recoveries

 

 

(92

)

 

 

(81

)

 

 

(155

)

 

 

(126

)

Allowance for credit losses at end of period

 

$

473

 

 

$

445

 

 

$

473

 

 

$

445

 

 
Allowance for Credit Losses and Finance Receivables by Portfolio Segment

The following tables provide information related to our allowance for credit losses and finance receivables by portfolio segment:

 

 

 

Three Months Ended September 30, 2015

 

 

 

Retail Loan

 

 

Commercial

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, July 1, 2015

 

$

279

 

 

$

1

 

 

$

115

 

 

$

395

 

Charge-offs

 

 

(82

)

 

 

-

 

 

 

-

 

 

 

(82

)

Recoveries

 

 

12

 

 

 

-

 

 

 

-

 

 

 

12

 

Provisions

 

 

54

 

 

 

1

 

 

 

3

 

 

 

58

 

Transferred to held-for-sale

 

 

-

 

 

 

(2

)

 

 

(4

)

 

 

(6

)

Ending balance, September 30, 2015

 

$

263

 

 

$

-

 

 

$

114

 

 

$

377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2015

 

Beginning balance, April 1, 2015

 

$

299

 

 

$

2

 

 

$

108

 

 

$

409

 

Charge-offs

 

 

(142

)

 

 

(1

)

 

 

-

 

 

 

(143

)

Recoveries

 

 

27

 

 

 

-

 

 

 

-

 

 

 

27

 

Provisions

 

 

79

 

 

 

1

 

 

 

10

 

 

 

90

 

Transferred to held-for-sale

 

 

-

 

 

 

(2

)

 

 

(4

)

 

 

(6

)

Ending balance, September 30, 2015

 

$

263

 

 

$

-

 

 

$

114

 

 

$

377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

54

 

 

$

54

 

Ending balance: Collectively evaluated for impairment

 

$

263

 

 

$

-

 

 

$

60

 

 

$

323

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, September 30, 2015

 

$

51,483

 

 

$

-

 

 

$

14,170

 

 

$

65,653

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

397

 

 

$

397

 

Ending balance: Collectively evaluated for impairment

 

$

51,483

 

 

$

-

 

 

$

13,773

 

 

$

65,256

 

 

 

 

 

Three Months Ended September 30, 2014

 

 

 

Retail Loan

 

 

Commercial

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, July 1, 2014

 

$

291

 

 

$

2

 

 

$

88

 

 

$

381

 

Charge-offs

 

 

(76

)

 

 

(1

)

 

 

-

 

 

 

(77

)

Recoveries

 

 

15

 

 

 

-

 

 

 

-

 

 

 

15

 

Provisions

 

 

69

 

 

 

-

 

 

 

(7

)

 

 

62

 

Ending balance, September 30, 2014

 

$

299

 

 

$

1

 

 

$

81

 

 

$

381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2014

 

Beginning balance, April 1, 2014

 

$

296

 

 

$

2

 

 

$

88

 

 

$

386

 

Charge-offs

 

 

(128

)

 

 

(1

)

 

 

-

 

 

 

(129

)

Recoveries

 

 

31

 

 

 

-

 

 

 

-

 

 

 

31

 

Provisions

 

 

100

 

 

 

-

 

 

 

(7

)

 

 

93

 

Ending balance, September 30, 2014

 

$

299

 

 

$

1

 

 

$

81

 

 

$

381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

26

 

 

$

26

 

Ending balance: Collectively evaluated for impairment

 

$

299

 

 

$

1

 

 

$

55

 

 

$

355

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, September 30, 2014

 

$

50,726

 

 

$

481

 

 

$

14,953

 

 

$

66,160

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

206

 

 

$

206

 

Ending balance: Collectively evaluated for impairment

 

$

50,726

 

 

$

481

 

 

$

14,747

 

 

$

65,954

 

 
Past Due Finance Receivables and Investments in Operating Leases

The following table shows aggregate balances of finance receivables and investments in operating leases 60 or more days past due:

 

 

 

September 30, 2015

 

 

March 31, 2015

 

Aggregate balances 60 or more days past due

 

 

 

 

 

 

 

 

Finance receivables

 

$

231

 

 

$

153

 

Investments in operating leases

 

 

81

 

 

 

52

 

Total

 

$

312

 

 

$

205

 

 
Past Due Finance Receivables by Class

The following tables summarize the aging of finance receivables by class:

 

 

 

As of September 30, 2015

 

 

 

30 - 59 Days

Past Due

 

 

60 - 89 Days

Past Due

 

 

90 Days or

Greater

Past Due

 

 

Total Past

Due

 

 

Current

 

 

Total Finance

Receivables

 

 

90 Days or

Greater Past

Due and

Accruing

 

Retail loan

 

$

631

 

 

$

154

 

 

$

77

 

 

$

862

 

 

$

50,621

 

 

$

51,483

 

 

$

53

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

7,792

 

 

 

7,792

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,613

 

 

 

4,613

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,765

 

 

 

1,765

 

 

 

-

 

Total

 

$

631

 

 

$

154

 

 

$

77

 

 

$

862

 

 

$

64,791

 

 

$

65,653

 

 

$

53

 

 

 

 

As of March 31, 2015

 

 

 

30 - 59 Days

Past Due

 

 

60 - 89 Days

Past Due

 

 

90 Days or

Greater

Past Due

 

 

Total Past

Due

 

 

Current

 

 

Total Finance

Receivables

 

 

90 Days or

Greater Past

Due and

Accruing

 

Retail loan

 

$

467

 

 

$

100

 

 

$

51

 

 

$

618

 

 

$

49,684

 

 

$

50,302

 

 

$

32

 

Commercial

 

 

8

 

 

 

2

 

 

 

-

 

 

 

10

 

 

 

511

 

 

 

521

 

 

 

-

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

9,226

 

 

 

9,226

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,665

 

 

 

4,665

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,853

 

 

 

1,853

 

 

 

-

 

Total

 

$

475

 

 

$

102

 

 

$

51

 

 

$

628

 

 

$

65,939

 

 

$

66,567

 

 

$

32