RESERVES FOR CREDIT LOSSES (Tables)

3 Months Ended

Jun. 30, 2014

RESERVES FOR CREDIT LOSSES [Abstract]

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