XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.25.0.1

FINANCING RECEIVABLES AND OPERATING LEASES (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2024
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 three and nine months ended December 31, 2024, and 2023 (in thousands):
|  | Three months Ended December 31, |  | Nine months Ended December 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Net sales |  | $ | 13,107 |  |  | $ | 7,418 |  |  | $ | 24,472 |  |  | $ | 19,913 |
Cost of sales |  |  | 11,236 |  |  |  | 6,666 |  |  |  | 21,251 |  |  |  | 18,189 |
Gross profit |  | $ | 1,871 |  |  | $ | 752 |  |  | $ | 3,221 |  |  | $ | 1,724 |
The following table provides interest income in aggregate on our sales-type leases and lease income on our operating leases for the three and nine months ended December 31, 2024, and 2023 (in thousands):
|  | Three months Ended December 31, |  | Nine months Ended December 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Interest income on sales-type leases |  | $ | 2,725 |  |  | $ | 1,912 |  |  | $ | 6,967 |  |  | $ | 4,898 |
Lease income on operating leases |  | $ | 1,908 |  |  | $ | 2,757 |  |  | $ | 6,869 |  |  | $ | 8,366 |
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
December 31, 2024 |  | Receivable |  | Receivables |  | Receivables
Gross receivables |  | $ | 146,243 |  |  | $ | 104,017 |  |  | $ | 250,260 |
Unguaranteed residual value (1) |  |  | - |  |  |  | 13,357 |  |  |  | 13,357 |
Unearned income |  |  | (9,127 | ) |  |  | (16,225 | ) |  |  | (25,352 | )
Allowance for credit losses (2) |  |  | (1,677 | ) |  |  | (2,028 | ) |  |  | (3,705 | )
Total, net |  | $ | 135,439 |  |  | $ | 99,121 |  |  | $ | 234,560 |
Reported as: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 91,848 |  |  | $ | 56,910 |  |  | $ | 148,758 |
Long-term |  |  | 43,591 |  |  |  | 42,211 |  |  |  | 85,802 |
Total, net |  | $ | 135,439 |  |  | $ | 99,121 |  |  | $ | 234,560 |
(1) Includes unguaranteed residual values of $4,751 thousand that we retained after selling the related lease receivable.
|  | 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 |
(1) Includes unguaranteed residual values of $3,718 thousand that we retained after selling the related lease receivable. (2) Refer to Note 7, “Allowance for Credit Losses” for details.
Investment in Operating Lease Equipment - Net | Operating leases—net represents leases that do not qualify as sales-type leases. The components of the operating leases—net are as follows (in thousands):
|  | December 31, 2024 |  | March 31, 2024
Cost of equipment under operating leases |  | $ | 5,228 |  |  | $ | 10,744 |
Accumulated depreciation |  |  | (3,394 | ) |  |  | (7,128 | )
Operating leases—net (1) |  | $ | 1,834 |  |  | $ | 3,616 |
(1) Amounts include estimated unguaranteed residual values of $946 thousand and $1,346 thousand as of December 31, 2024, and March 31, 2024, respectively.

X
- Definition Tabular disclosure of the components of notes receivables and investments in leases and leased equipment-net. + References No definition available. + Details
Name: | plus_ComponentsOfNotesAndInvestmentsInLeaseTableTextBlock
Namespace Prefix: | plus_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from sales-type lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_SalesTypeLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessor's underlying asset for which right to use has been conveyed to lessee under operating lease. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481501/840-20-50-4 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-13 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_ScheduleOfPropertySubjectToOrAvailableForOperatingLeaseTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration