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RESERVES FOR CREDIT LOSSES (Tables) | 6 Months Ended
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Sep. 30, 2019
RESERVES FOR CREDIT LOSSES [Abstract] |
Activity in Reserves for Credit Losses | Activity in our reserves for credit losses for the six months ended September 30, 2019 and 2018 were as follows (in thousands):
|  | Accounts Receivable |  |  | Notes Receivable |  |  | Lease- Related Receivables |  |  | Total |
Balance April 1, 2019 |  | $ | 1,579 |  |  | $ | 505 |  |  | $ | 530 |  |  | $ | 2,614 |
Provision for credit losses |  |  | 311 |  |  |  | 15 |  |  |  | (27 | ) |  |  | 299 |
Write-offs and other |  |  | (42 | ) |  |  | - |  |  |  | (3 | ) |  |  | (45 | )
Balance September 30, 2019 |  | $ | 1,848 |  |  | $ | 520 |  |  | $ | 500 |  |  | $ | 2,868 |
|  | Accounts Receivable |  |  | Notes Receivable |  |  | Lease- Related Receivables |  |  | Total |
Balance April 1, 2018 |  | $ | 1,538 |  |  | $ | 486 |  |  | $ | 640 |  |  | $ | 2,664 |
Provision for credit losses |  |  | 127 |  |  |  | (3 | ) |  |  | (42 | ) |  |  | 82 |
Write-offs and other |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (1 | )
Balance September 30, 2018 |  | $ | 1,664 |  |  | $ | 483 |  |  | $ | 598 |  |  | $ | 2,745 |
Reserve for Credit Losses and Minimum Lease Payments Associated with Notes Receivable and Investment in Direct Financing and Sales-type Lease Balances Disaggregated Based on Our Impairment Method | Our reserves for credit losses and minimum payments associated with our notes receivables and lease-related receivables disaggregated based on of our impairment method were as follows (in thousands):
|  | September 30, 2019 |  |  | March 31, 2019 |
|  | Notes Receivable |  |  | Lease- Related Receivables |  |  | Notes Receivable |  |  | Lease- Related Receivables |
Reserves for credit losses: |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: collectively evaluated for impairment |  | $ | 455 |  |  | $ | 500 |  |  | $ | 443 |  |  | $ | 530 |
Ending balance: individually evaluated for impairment |  |  | 65 |  |  |  | - |  |  |  | 62 |  |  |  | - |
Ending balance |  | $ | 520 |  |  | $ | 500 |  |  | $ | 505 |  |  | $ | 530 |
Minimum payments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: collectively evaluated for impairment |  | $ | 78,394 |  |  | $ | 87,989 |  |  | $ | 40,501 |  |  | $ | 64,201 |
Ending balance: individually evaluated for impairment |  |  | 89 |  |  |  | - |  |  |  | 62 |  |  |  | - |
Ending balance |  | $ | 78,483 |  |  | $ | 87,989 |  |  | $ | 40,563 |  |  | $ | 64,201 |
Balance Disaggregated Based on Internally Assigned CQR | 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 rating (“CQR”) were as follows as of September 30, 2019 and March 31, 2019 (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 |
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | 213 |  |  | $ | 354 |  |  | $ | 126 |  |  | $ | 693 |  |  | $ | 190 |  |  | $ | 56,065 |  |  | $ | 56,948 |  |  | $ | (5,285 | ) |  | $ | (24,765 | ) |  | $ | 26,898 |
Average CQR |  |  | 65 |  |  |  | 36 |  |  |  | 41 |  |  |  | 142 |  |  |  | 283 |  |  |  | 30,616 |  |  |  | 31,041 |  |  |  | (2,368 | ) |  |  | (9,839 | ) |  |  | 18,834 |
Low CQR |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 278 |  |  | $ | 390 |  |  | $ | 167 |  |  | $ | 835 |  |  | $ | 473 |  |  | $ | 86,681 |  |  | $ | 87,989 |  |  | $ | (7,653 | ) |  | $ | (34,604 | ) |  | $ | 45,732 |
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | 325 |  |  | $ | 41 |  |  | $ | 10 |  |  | $ | 376 |  |  | $ | 543 |  |  | $ | 29,503 |  |  | $ | 30,422 |  |  | $ | (2,799 | ) |  | $ | (11,044 | ) |  | $ | 16,579 |
Average CQR |  |  | 22 |  |  |  | 54 |  |  |  | 15 |  |  |  | 91 |  |  |  | 125 |  |  |  | 33,563 |  |  |  | 33,779 |  |  |  | (2,508 | ) |  |  | (20,848 | ) |  |  | 10,423 |
Low CQR |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 347 |  |  | $ | 95 |  |  | $ | 25 |  |  | $ | 467 |  |  | $ | 668 |  |  | $ | 63,066 |  |  | $ | 64,201 |  |  | $ | (5,307 | ) |  | $ | (31,892 | ) |  | $ | 27,002 |
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR | The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows as of September 30, 2019 and March 31, 2019 (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 |
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | 105 |  |  | $ | 1,367 |  |  | $ | 152 |  |  | $ | 1,624 |  |  | $ | 2,066 |  |  | $ | 65,225 |  |  | $ | 68,915 |  |  | $ | (44,447 | ) |  | $ | 24,468 |
Average CQR |  |  | 70 |  |  |  | 38 |  |  |  | 11 |  |  |  | 119 |  |  |  | 684 |  |  |  | 8,676 |  |  |  | 9,479 |  |  |  | (684 | ) |  |  | 8,795 |
Low CQR |  |  | - |  |  |  | - |  |  |  | 89 |  |  |  | 89 |  |  |  | - |  |  |  | - |  |  |  | 89 |  |  |  | - |  |  |  | 89 |
Total |  | $ | 175 |  |  | $ | 1,405 |  |  | $ | 252 |  |  | $ | 1,832 |  |  | $ | 2,750 |  |  | $ | 73,901 |  |  | $ | 78,483 |  |  | $ | (45,131 | ) |  | $ | 33,352 |
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High CQR |  | $ | 990 |  |  | $ | 40 |  |  | $ | 30 |  |  | $ | 1,060 |  |  | $ | 3,813 |  |  | $ | 28,113 |  |  | $ | 32,986 |  |  | $ | (18,245 | ) |  | $ | 14,741 |
Average CQR |  |  | 105 |  |  |  | 34 |  |  |  | 7 |  |  |  | 146 |  |  |  | 137 |  |  |  | 7,232 |  |  |  | 7,515 |  |  |  | (1,507 | ) |  |  | 6,008 |
Low CQR |  |  | - |  |  |  | - |  |  |  | 62 |  |  |  | 62 |  |  |  | - |  |  |  | - |  |  |  | 62 |  |  |  | - |  |  |  | 62 |
Total |  | $ | 1,095 |  |  | $ | 74 |  |  | $ | 99 |  |  | $ | 1,268 |  |  | $ | 3,950 |  |  | $ | 35,345 |  |  | $ | 40,563 |  |  | $ | (19,752 | ) |  | $ | 20,811 |

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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 based on our 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
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