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Allowance for Credit Losses (Tables)
 9 Months Ended
Dec. 31, 2016
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

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Allowance for credit losses at beginning of period

 

$

526

 

 

$

473

 

 

$

535

 

 

$

485

 

Provision for credit losses

 

 

183

 

 

 

128

 

 

 

396

 

 

 

278

 

Transferred to held-for-sale1

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(7

)

Charge-offs, net of recoveries

 

 

(143

)

 

 

(115

)

 

 

(365

)

 

 

(270

)

Allowance for credit losses at end of period

 

$

566

 

 

$

486

 

 

$

566

 

 

$

486

 

1 Amount relates to the commercial finance business which was sold on October 1, 2015.

 
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 December 31, 2016

 

 

 

Retail Loan

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, October 1, 2016

 

$

295

 

 

$

94

 

 

$

389

 

Charge-offs

 

 

(113

)

 

 

-

 

 

 

(113

)

Recoveries

 

 

12

 

 

 

-

 

 

 

12

 

Provisions

 

 

120

 

 

 

13

 

 

 

133

 

Ending balance, December 31, 2016

 

$

314

 

 

$

107

 

 

$

421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2016

 

 

 

Retail Loan

 

 

Dealer Products

 

 

Total

 

Beginning balance, April 1, 2016

 

$

289

 

 

$

132

 

 

$

421

 

Charge-offs

 

 

(294

)

 

 

-

 

 

 

(294

)

Recoveries

 

 

38

 

 

 

-

 

 

 

38

 

Provisions

 

 

281

 

 

 

(25

)

 

 

256

 

Ending balance, December 31, 2016

 

$

314

 

 

$

107

 

 

$

421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

26

 

 

$

26

 

Ending balance: Collectively evaluated for impairment

 

$

314

 

 

$

81

 

 

$

395

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, December 31, 2016

 

$

51,570

 

 

$

17,219

 

 

$

68,789

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

438

 

 

$

438

 

Ending balance: Collectively evaluated for impairment

 

$

51,570

 

 

$

16,781

 

 

$

68,351

 

 

 

 

Three Months Ended December 31, 2015

 

 

 

Retail Loan

 

 

Commercial

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, October 1, 2015

 

$

263

 

 

$

-

 

 

$

114

 

 

$

377

 

Charge-offs

 

 

(95

)

 

 

-

 

 

 

-

 

 

 

(95

)

Recoveries

 

 

10

 

 

 

-

 

 

 

-

 

 

 

10

 

Provisions

 

 

80

 

 

 

-

 

 

 

9

 

 

 

89

 

Ending balance, December 31, 2015

 

$

258

 

 

$

-

 

 

$

123

 

 

$

381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2015

 

 

 

Retail Loan

 

 

Commercial

 

 

Dealer Products

 

 

Total

 

Beginning balance, April 1, 2015

 

$

299

 

 

$

2

 

 

$

108

 

 

$

409

 

Charge-offs

 

 

(237

)

 

 

(1

)

 

 

-

 

 

 

(238

)

Recoveries

 

 

37

 

 

 

-

 

 

 

-

 

 

 

37

 

Provisions

 

 

159

 

 

 

1

 

 

 

19

 

 

 

179

 

Transferred to held-for-sale

 

 

-

 

 

 

(2

)

 

 

(4

)

 

 

(6

)

Ending balance, December 31, 2015

 

$

258

 

 

$

-

 

 

$

123

 

 

$

381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

59

 

 

$

59

 

Ending balance: Collectively evaluated for impairment

 

$

258

 

 

$

-

 

 

$

64

 

 

$

322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, December 31, 2015

 

$

51,207

 

 

$

-

 

 

$

15,176

 

 

$

66,383

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

502

 

 

$

502

 

Ending balance: Collectively evaluated for impairment

 

$

51,207

 

 

$

-

 

 

$

14,674

 

 

$

65,881

 

 
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:

 

 

December 31,

 

 

March 31,

 

 

 

2016

 

 

2016

 

Aggregate balances 60 or more days past due

 

 

 

 

 

 

 

 

Finance receivables

 

$

289

 

 

$

189

 

Investments in operating leases

 

 

118

 

 

 

80

 

Total

 

$

407

 

 

$

269

 

 
Past Due Finance Receivables by Class

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

 

 

 

December 31, 2016

 

 

 

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

 

$

850

 

 

$

204

 

 

$

85

 

 

$

1,139

 

 

$

50,431

 

 

$

51,570

 

 

$

63

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

10,339

 

 

 

10,339

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,736

 

 

 

4,736

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,144

 

 

 

2,144

 

 

 

-

 

Total

 

$

850

 

 

$

204

 

 

$

85

 

 

$

1,139

 

 

$

67,650

 

 

$

68,789

 

 

$

63

 

 

 

 

 

March 31, 2016

 

 

 

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

 

$

584

 

 

$

129

 

 

$

60

 

 

$

773

 

 

$

49,590

 

 

$

50,363

 

 

$

35

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

9,262

 

 

 

9,262

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,704

 

 

 

4,704

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,933

 

 

 

1,933

 

 

 

-

 

Total

 

$

584

 

 

$

129

 

 

$

60

 

 

$

773

 

 

$

65,489

 

 

$

66,262

 

 

$

35