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FINANCING RECEIVABLES AND OPERATING LEASES (Tables) | 12 Months Ended
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Mar. 31, 2019
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract] |
Notes Receivable Net and Investments in Leases | Our financing receivables, net consist of the following (in thousands):
March 31, 2019 |  | Notes Receivables |  |  | Lease-Related Receivables |  |  | Total Financing Receivables |
Minimum payments |  | $ | 40,563 |  |  | $ | 64,201 |  |  | $ | 104,764 |
Estimated unguaranteed residual value (1) |  |  | - |  |  |  | 14,639 |  |  |  | 14,639 |
Initial direct costs, net of amortization (2) |  |  | 377 |  |  |  | 332 |  |  |  | 709 |
Unearned income |  |  | - |  |  |  | (7,671 | ) |  |  | (7,671 | )
Reserve for credit losses (3) |  |  | (505 | ) |  |  | (530 | ) |  |  | (1,035 | )
Total, net |  | $ | 40,435 |  |  | $ | 70,971 |  |  | $ | 111,406 |
Reported as: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 30,852 |  |  | $ | 32,914 |  |  | $ | 63,766 |
Long-term |  |  | 9,583 |  |  |  | 38,057 |  |  |  | 47,640 |
Total, net |  | $ | 40,435 |  |  | $ | 70,971 |  |  | $ | 111,406 |
| (1) | Includes $8,996 thousand for the estimated residual values of direct financing leases for which we sold the financing assets.
| (2) | Initial direct costs are shown net of amortization of $275 thousand.
| (3) | For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.”
March 31, 2018 |  | Notes Receivables |  |  | Lease-Related Receivables |  |  | Total Financing Receivables |
Minimum payments |  | $ | 62,992 |  |  | $ | 65,943 |  |  | $ | 128,935 |
Estimated unguaranteed residual value (1) |  |  | - |  |  |  | 11,226 |  |  |  | 11,226 |
Initial direct costs, net of amortization (2) |  |  | 375 |  |  |  | 334 |  |  |  | 709 |
Unearned income |  |  | - |  |  |  | (8,251 | ) |  |  | (8,251 | )
Reserve for credit losses (3) |  |  | (486 | ) |  |  | (640 | ) |  |  | (1,126 | )
Total, net |  | $ | 62,881 |  |  | $ | 68,612 |  |  | $ | 131,493 |
Reported as: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 39,993 |  |  | $ | 29,943 |  |  | $ | 69,936 |
Long-term |  |  | 22,888 |  |  |  | 38,669 |  |  |  | 61,557 |
Total, net |  | $ | 62,881 |  |  | $ | 68,612 |  |  | $ | 131,493 |
| (1) | Includes $6,004 thousand for estimated residual values of direct financing leases for which we sold the financing assets.
| (2) | Initial direct costs are shown net of amortization of $341 thousand.
| (3) | For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.”
Future Scheduled Minimum Lease Payments | Future scheduled minimum lease payments for investments in direct financing and sales-type leases as of March 31, 2019 are as follows (in thousands):
Year ending March 31, 2019 |  | $ | 37,223 |
2020 |  |  | 17,382 |
2021 |  |  | 7,469 |
2022 |  |  | 1,960 |
2023 and thereafter |  |  | 167 |
Total |  | $ | 64,201 |
Investment in Operating Lease Equipment - Net | The components of the operating leases—net are as follows (in thousands):
|  | March 31, 2019 |  |  | March 31, 2018 |
Cost of equipment under operating leases |  | $ | 21,532 |  |  | $ | 15,683 |
Accumulated depreciation |  |  | (10,139 | ) |  |  | (8,729 | )
Investment in operating lease equipment—net (1) |  | $ | 11,393 |  |  | $ | 6,954 |
(1) | Amounts include estimated unguaranteed residual values of $2,906 thousand and $1,921 thousand as of March 31, 2019 and 2018, respectively.
Future Minimum Rental Payments for Operating Leases | Future scheduled minimum lease rental payments as of March 31, 2019 are as follows (in thousands):
Year ending March 31, 2019 |  | $ | 4,490 |
2020 |  |  | 2,728 |
2021 |  |  | 1,497 |
2022 |  |  | 1,315 |
2023 and thereafter |  |  | 443 |
Total |  | $ | 10,473 |

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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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- Definition Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=84164653&loc=d3e41551-112718 + Details
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