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Allowance for Credit Losses (Tables)
 6 Months Ended
Sep. 30, 2018
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,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Allowance for credit losses at beginning of period

 

$

600

 

 

$

611

 

 

$

597

 

 

$

622

 

Charge-offs

 

 

(105

)

 

 

(124

)

 

 

(218

)

 

 

(243

)

Recoveries

 

 

23

 

 

 

22

 

 

 

50

 

 

 

45

 

Provision for credit losses

 

 

67

 

 

 

127

 

 

 

156

 

 

 

212

 

Allowance for credit losses at end of period

 

$

585

 

 

$

636

 

 

$

585

 

 

$

636

 

 
Allowance for Credit Losses for Finance Receivables and Finance Receivables by Portfolio Segment

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

 

 

 

Three Months Ended September 30, 2018

 

 

 

Retail Loan

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, July 1, 2018

 

$

313

 

 

$

150

 

 

$

463

 

Charge-offs

 

 

(76

)

 

 

-

 

 

 

(76

)

Recoveries

 

 

12

 

 

 

-

 

 

 

12

 

Provision for credit losses

 

 

58

 

 

 

(10

)

 

 

48

 

Ending balance, September 30, 2018

 

$

307

 

 

$

140

 

 

$

447

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2018

 

 

 

Retail Loan

 

 

Dealer Products

 

 

Total

 

Beginning balance, April 1, 2018

 

$

312

 

 

$

151

 

 

$

463

 

Charge-offs

 

 

(151

)

 

 

-

 

 

 

(151

)

Recoveries

 

 

26

 

 

 

-

 

 

 

26

 

Provision for credit losses

 

 

120

 

 

 

(11

)

 

 

109

 

Ending balance, September 30, 2018

 

$

307

 

 

$

140

 

 

$

447

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

57

 

 

$

57

 

Ending balance: Collectively evaluated for impairment

 

$

307

 

 

$

83

 

 

$

390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, September 30, 2018

 

$

53,957

 

 

$

16,538

 

 

$

70,495

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

446

 

 

$

446

 

Ending balance: Collectively evaluated for impairment

 

$

53,957

 

 

$

16,092

 

 

$

70,049

 

 

 

 

Three Months Ended September 30, 2017

 

 

 

Retail Loan

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, July 1, 2017

 

$

322

 

 

$

131

 

 

$

453

 

Charge-offs

 

 

(86

)

 

 

-

 

 

 

(86

)

Recoveries

 

 

13

 

 

 

-

 

 

 

13

 

Provision for credit losses

 

 

110

 

 

 

(8

)

 

 

102

 

Ending balance, September 30, 2017

 

$

359

 

 

$

123

 

 

$

482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2017

 

 

 

Retail Loan

 

 

Dealer Products

 

 

Total

 

Beginning balance, April 1, 2017

 

$

344

 

 

$

123

 

 

$

467

 

Charge-offs

 

 

(165

)

 

 

-

 

 

 

(165

)

Recoveries

 

 

26

 

 

 

-

 

 

 

26

 

Provision for credit losses

 

 

154

 

 

 

-

 

 

 

154

 

Ending balance, September 30, 2017

 

$

359

 

 

$

123

 

 

$

482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

45

 

 

$

45

 

Ending balance: Collectively evaluated for impairment

 

$

359

 

 

$

78

 

 

$

437

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, September 30, 2017

 

$

52,155

 

 

$

16,231

 

 

$

68,386

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

403

 

 

$

403

 

Ending balance: Collectively evaluated for impairment

 

$

52,155

 

 

$

15,828

 

 

$

67,983

 

 
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,

 

 

March 31,

 

 

 

2018

 

 

2018

 

Aggregate balances 60 or more days past due

 

 

 

 

 

 

 

 

Finance receivables

 

$

269

 

 

$

223

 

Investments in operating leases

 

 

120

 

 

 

106

 

Total

 

$

389

 

 

$

329

 

 
Past Due Finance Receivables by Class

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

 

 

 

September 30, 2018

 

 

 

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

 

$

715

 

 

$

189

 

 

$

80

 

 

$

984

 

 

$

52,973

 

 

$

53,957

 

 

$

56

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

9,638

 

 

 

9,638

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,552

 

 

 

4,552

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,348

 

 

 

2,348

 

 

 

-

 

Total

 

$

715

 

 

$

189

 

 

$

80

 

 

$

984

 

 

$

69,511

 

 

$

70,495

 

 

$

56

 

 

 

 

 

March 31, 2018

 

 

 

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

 

$

613

 

 

$

158

 

 

$

65

 

 

$

836

 

 

$

52,559

 

 

$

53,395

 

 

$

46

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

10,513

 

 

 

10,513

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,630

 

 

 

4,630

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,277

 

 

 

2,277

 

 

 

-

 

Total

 

$

613

 

 

$

158

 

 

$

65

 

 

$

836

 

 

$

69,979

 

 

$

70,815

 

 

$

46