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RESERVES FOR CREDIT LOSSES (Tables) | 3 Months Ended
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Jun. 30, 2014
RESERVES FOR CREDIT LOSSES [Abstract] |
Activity in Reserves for Credit Losses | Activity in our reserves for credit losses for the three months ended June 30, 2014 and 2013 were as follows (in thousands):
|  | Accounts Receivable |  |  | Notes Receivable |  |  | Lease-Related Receivables |  |  | Total |
Balance April 1, 2014 |  | $ | 1,364 |  |  | $ | 3,364 |  |  | $ | 1,024 |  |  | $ | 5,752 |
Provision for credit losses |  |  | (73 | ) |  |  | 199 |  |  |  | (6 | ) |  |  | 120 |
Write-offs and other |  |  | (47 | ) |  |  | - |  |  |  | - |  |  |  | (47 | )
Balance June 30, 2014 |  | $ | 1,244 |  |  | $ | 3,563 |  |  | $ | 1,018 |  |  | $ | 5,825 |
|  | Accounts Receivable |  |  | Notes Receivable |  |  | Lease-Related Receivables |  |  | Total |
Balance April 1, 2013 |  | $ | 1,147 |  |  | $ | 3,137 |  |  | $ | 845 |  |  | $ | 5,129 |
Provision for credit losses |  |  | 18 |  |  |  | 31 |  |  |  | (116 | ) |  |  | (67 | )
Write-offs and other |  |  | (88 | ) |  |  | - |  |  |  | - |  |  |  | (88 | )
Balance June 30, 2013 |  | $ | 1,077 |  |  | $ | 3,168 |  |  | $ | 729 |  |  | $ | 4,974 |
Reserve for Credit Losses and Minimum Lease Payments Associated with Notes Receivable and Investment in Direct Financing and Sales-type Lease Balances Disaggregated on the Basis of Impairment Method | Our reserves for credit losses and minimum payments associated with our notes receivables and lease-related receivables disaggregated on the basis of our impairment method were as follows (in thousands):
|  | June 30, 2014 |  |  | March 31, 2014 |
|  | Notes Receivable |  |  | Lease-Related Receivables |  |  | Notes Receivable |  |  | Lease-Related Receivables |
Reserves for credit losses: |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: collectively evaluated for impairment |  | $ | 443 |  |  | $ | 821 |  |  | $ | 265 |  |  | $ | 852 |
Ending balance: individually evaluated for impairment |  |  | 3,120 |  |  |  | 197 |  |  |  | 3,099 |  |  |  | 172 |
Ending balance |  | $ | 3,563 |  |  | $ | 1,018 |  |  | $ | 3,364 |  |  | $ | 1,024 |
Minimum payments: |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: collectively evaluated for impairment |  | $ | 56,891 |  |  | $ | 79,647 |  |  | $ | 39,869 |  |  | $ | 81,114 |
Ending balance: individually evaluated for impairment |  |  | 3,529 |  |  |  | 530 |  |  |  | 3,838 |  |  |  | 437 |
Ending balance |  | $ | 60,420 |  |  | $ | 80,177 |  |  | $ | 43,707 |  |  | $ | 81,551 |
Balance Disaggregated Based on Internally Assigned CQR | As of June 30, 2014, the age of the recorded minimum lease payments and net credit exposure associated with our investment in direct financing and sales-type leases that are past due, disaggregated based on our internally assigned credit quality ratings (“CQR”), were as follows (in thousands):
|  | 31-60 Days Past Due |  |  | 61-90 Days Past Due |  |  | Greater than 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Unbilled Minimum Lease Payments |  |  | Total Minimum Lease Payments |  |  | Unearned Income |  |  | Non-Recourse Notes Payable |  |  | Net Credit Exposure |
June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | 81 |  |  | $ | 96 |  |  | $ | 142 |  |  | $ | 319 |  |  | $ | 672 |  |  | $ | 48,081 |  |  | $ | 49,072 |  |  | $ | (1,962 | ) |  | $ | (20,124 | ) |  | $ | 26,986 |
Average CQR |  |  | 46 |  |  |  | 15 |  |  |  | 77 |  |  |  | 138 |  |  |  | 64 |  |  |  | 30,373 |  |  |  | 30,575 |  |  |  | (2,610 | ) |  |  | (15,294 | ) |  |  | 12,671 |
Low CQR |  |  | - |  |  |  | - |  |  |  | 61 |  |  |  | 61 |  |  |  | - |  |  |  | 469 |  |  |  | 530 |  |  |  | (62 | ) |  |  | - |  |  |  | 468 |
Total |  |  | 127 |  |  |  | 111 |  |  |  | 280 |  |  |  | 518 |  |  |  | 736 |  |  |  | 78,923 |  |  |  | 80,177 |  |  |  | (4,634 | ) |  |  | (35,418 | ) |  |  | 40,125 |
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | 194 |  |  | $ | 35 |  |  | $ | 106 |  |  | $ | 335 |  |  | $ | 502 |  |  | $ | 42,159 |  |  | $ | 42,996 |  |  | $ | (1,890 | ) |  | $ | (17,406 | ) |  | $ | 23,700 |
Average CQR |  |  | 33 |  |  |  | 57 |  |  |  | 18 |  |  |  | 108 |  |  |  | 86 |  |  |  | 37,924 |  |  |  | 38,118 |  |  |  | (3,401 | ) |  |  | (20,709 | ) |  |  | 14,008 |
Low CQR |  |  | - |  |  |  | - |  |  |  | 61 |  |  |  | 61 |  |  |  | - |  |  |  | 376 |  |  |  | 437 |  |  |  | (55 | ) |  |  | - |  |  |  | 382 |
Total |  |  | 227 |  |  |  | 92 |  |  |  | 185 |  |  |  | 504 |  |  |  | 588 |  |  |  | 80,459 |  |  |  | 81,551 |  |  |  | (5,346 | ) |  |  | (38,115 | ) |  |  | 38,090 |
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR | As of June 30, 2014, the age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows (in thousands):
|  | 31-60 Days Past Due |  |  | 61-90 Days Past Due |  |  | Greater than 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Unbilled Notes Receivable |  |  | Total Notes Receivable |  |  | Non-Recourse Notes Payable |  |  | Net Credit Exposure |
June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | - |  |  | $ | - |  |  | $ | 1,613 |  |  | $ | 1,613 |  |  | $ | 333 |  |  | $ | 37,648 |  |  | $ | 39,594 |  |  | $ | (14,805 | ) |  | $ | 24,789 |
Average CQR |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 45 |  |  |  | 17,252 |  |  |  | 17,297 |  |  |  | (11,355 | ) |  |  | 5,942 |
Low CQR |  |  | - |  |  |  | - |  |  |  | 791 |  |  |  | 791 |  |  |  | - |  |  |  | 2,738 |  |  |  | 3,529 |  |  |  | - |  |  |  | 3,529 |
Total |  | $ | - |  |  | $ | - |  |  | $ | 2,404 |  |  | $ | 2,404 |  |  | $ | 378 |  |  | $ | 57,638 |  |  | $ | 60,420 |  |  | $ | (26,160 | ) |  | $ | 34,260 |
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | - |  |  | $ | 205 |  |  | $ | 148 |  |  | $ | 353 |  |  | $ | 2,317 |  |  | $ | 30,249 |  |  | $ | 32,919 |  |  | $ | (19,641 | ) |  | $ | 13,278 |
Average CQR |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,950 |  |  |  | 6,950 |  |  |  | (3,491 | ) |  |  | 3,459 |
Low CQR |  |  | - |  |  |  | - |  |  |  | 791 |  |  |  | 791 |  |  |  | - |  |  |  | 3,047 |  |  |  | 3,838 |  |  |  | - |  |  |  | 3,838 |
Total |  | $ | - |  |  | $ | 205 |  |  | $ | 939 |  |  | $ | 1,144 |  |  | $ | 2,317 |  |  | $ | 40,246 |  |  | $ | 43,707 |  |  | $ | (23,132 | ) |  | $ | 20,575 |

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- Definition Tabular disclosure of reserve for credit losses and minimum lease payments associated with notes receivable and investment in direct financing and sales- type lease balances disaggregated on the basis of impairment method. + References No definition available. + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of credit losses for current financing receivables (such as trade and accounts receivable), including a rollforward of the balance. An alternative caption includes allowance for doubtful accounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5111-111524 + Details
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