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FINANCING RECEIVABLES AND OPERATING LEASES (Tables)
 12 Months Ended
Mar. 31, 2025
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]  
Sales-type Leases
The following table provides the profit recognized for sales-type leases at their commencement date, including modifications that are recognized on a net basis, for the years ended March 31, 2025, 2024, and 2023 (in thousands):
 
                    
  Year Ended March 31,
  March 31, 2025   March 31, 2024   March 31, 2023
Net sales
$ 33,671    $ 21,578    $ 22,677 
Cost of sales
  29,512      19,557      19,009 
Gross profit
$ 4,159    $ 2,021    $ 3,668 
The following table provides interest income in aggregate on our sales-type leases and lease income on our operating leases for the years ended March 31, 2025, 2024, and 2023 (in thousands):
 
                    
  Year Ended March 31,
  March 31, 2025   March 31, 2024   March 31, 2023
Interest income on sales-type leases
$ 9,148    $ 6,769    $ 3,943 
Lease income on operating leases
$ 7,969    $ 10,886    $ 17,421 
Notes Receivable Net and Investments in Leases
The following tables provide a disaggregation of our financing receivables—net (in thousands):
 
                    
  Notes   Sales-Type Lease   Financing
March 31, 2025
Receivable   Receivables   Receivables
Gross receivables
$ 229,923    $ 90,913    $ 320,836 
Unguaranteed residual value (1)
 
  -
      13,350      13,350 
Unearned income
  (8,254)      (27,342)      (35,596) 
Allowance for credit losses (2)
  (1,739)      (1,945)      (3,684) 
Total, net
$ 219,930    $ 74,976    $ 294,906 
Reported as:
                  
Current
$ 122,975    $ 46,050    $ 169,025 
Long-term
  96,955      28,926      125,881 
Total, net
$ 219,930    $ 74,976    $ 294,906 
 
(1)
Includes unguaranteed residual values of $5,929 thousand that we retained after selling the related lease receivable.
(2)
Refer to Note 7, “Allowance for Credit Losses” for details.
 
                   
  Notes   Sales-Type Lease    Financing
March 31, 2024
Receivable   Receivables    Receivables
Gross receivables
$ 114,713    $ 75,658   $ 190,371 
Unguaranteed residual value (1)
    -       9,078     9,078 
Unearned income
  (6,503)      (12,036) 
   (18,539) 
Allowance for credit losses (2)
  (1,056)      (1,435)     (2,491) 
Total, net
$ 107,154    $ 71,265   $ 178,419 
Reported as:
                 
Current
$ 61,830    $ 40,770   $ 102,600 
Long-term
  45,324      30,495     75,819 
Total, net
$ 107,154    $ 71,265   $ 178,419 
 
(3)
Includes unguaranteed residual values of $3,718 thousand that we retained after selling the related lease receivable.
(4)
Refer to Note 7, “Allowance for Credit Losses” for details.
 
                    
  Notes   Sales-Type Lease   Financing
March 31, 2023
Receivable   Receivables   Receivables
Gross receivables
$ 117,008    $ 60,157    $ 177,165 
Unguaranteed residual value (1)
    -       8,161      8,161 
Unearned income
  (5,950)      (8,050)      (14,000) 
Allowance for credit losses (2)
  (801)      (981)      (1,782) 
Total, net
$ 110,257    $ 59,287    $ 169,544 
Reported as:
                  
Current
$ 65,738    $ 24,091    $ 89,829 
Long-term
  44,519      35,196      79,715 
Total, net
$ 110,257    $ 59,287    $ 169,544 
 
(1)
Includes unguaranteed residual values of $4,222 thousand that we retained after selling the related lease receivable.
(2)
Refer to Note 7, “Allowance for Credit Losses” for details.
Future Scheduled Minimum Lease Payments
The following table provides the future scheduled minimum lease payments to be received from our sales-type leases as of March 31, 2025 (in thousands):
 
    
Year ending March 31, 2026
 $ 46,735 
2027   23,708 
2028   15,083 
2029   4,835 
2030   552 
Total
 $ 90,913 
Operating Lease - Net The components of operating leases—net are as follows (in thousands):
             
  March 31, 2025   March 31, 2024
Cost of equipment under operating leases
$ 4,774    $ 10,744 
Accumulated depreciation
  (3,137)      (7,128) 
Operating leases—net (1)
$ 1,637    $ 3,616 
 
(1)
Amounts include estimated unguaranteed residual values of $932 thousand and $1,346 thousand as of March 31, 2025, and 2024 respectively.
Future Minimum Rental Payments for Operating Leases
The following table provides the future scheduled minimum lease rental payments to be received from our operating leases as of March 31, 2025 (in thousands):
 
    
Year ending March 31, 2026
$ 823 
2027   292 
2028   85 
2029   23 
Total
$ 1,223