XML 35 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt Obligations (Tables)
3 Months Ended
Jun. 30, 2012
Debt Obligations [Abstract]  
Debt Obligations
                 
    June 30,     March 31,  
    2012     2012  

Securitized financing 2005-1

  $ 43,661     $ 44,726  

Securitized financing 2007-1

    45,761       46,749  

Construction lending lines

    2,536       4,550  
   

 

 

   

 

 

 
    $ 91,958     $ 96,025  
   

 

 

   

 

 

 
Acquired Securitized Financings
                 
    June 30,     March 31,  
    2012     2012  

Securitized financings – contractual amount

  $ 114,056     $ 117,507  

Purchase Discount

               

Accretable

    (24,634     (26,032
     

Non-accretable (1)

    —         —    
   

 

 

   

 

 

 

Total securitized financings, net

  $ 89,422     $ 91,475  
   

 

 

   

 

 

 

 

(1) 

Because the contractual payments on securitized financing are determined by actual cash flows, the Company expects that there will not be a non-accretable difference.

Accretable Yield Movement on Acquired Securitized Financings
                 
    Three Months Ended  
    June 30,  
    2012     2011  

Balance at the beginning of the period

  $ 26,032     $ —    

Additions

    —         32,072  

Accretion

    (1,398     (726
   

 

 

   

 

 

 

Balance at the end of the period

  $ 24,634     $ 31,346