Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Mar. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 17 – Selected Quarterly Financial Data (Unaudited)

	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
Year ended March 31, 2016:
Total financing revenues	$	2,255	$	2,353	$	2,376	$	2,419
Depreciation on operating leases		1,360		1,446		1,503		1,605
Interest expense		508		203		277		149
Net financing revenues		387		704		596		665
Other income		212		192		248		231
Gain on sale of commercial finance business		-		-		197		-
Provision for credit losses		45		105		128		163
Expenses		349		365		361		404
Income before income taxes		205		426		552		329
Provision for income taxes		70		161		210		139
Net income	$	135	$	265	$	342	$	190
Year ended March 31, 2015:
Total financing revenues	$	1,960	$	2,057	$	2,112	$	2,181
Depreciation on operating leases		1,100		1,196		1,248		1,313
Interest expense		130		215		161		230
Net financing revenues		730		646		703		638
Other income		188		220		221		203
Provision for credit losses		38		79		103		88
Expenses		303		320		329		363
Income before income taxes		577		467		492		390
Provision for income taxes		213		176		185		155
Net income	$	364	$	291	$	307	$	235

Other income is comprised of insurance earned premiums and contract revenues as well as net investment and other income. Expenses include operating and administrative expenses as well as insurance losses and loss adjustment expenses.