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ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Dec. 31, 2024
ALLOWANCE FOR CREDIT LOSSES [Abstract]  
Activity in Reserves for Credit Losses The following table provides the activity in our allowance for credit losses for the nine months ended December 31, 2024, and 2023 (in thousands):
  
Accounts
Receivable
 
Notes
Receivable
 
Lease
Receivables
 
Total
Balance as of April 1, 2024
 
$
2,687
  
$
1,056
  
$
1,435
  
$
5,178
 
Provision for credit losses
  
1,455
   
620
   
594
   
2,669
 
Write-offs and other
  
(379
)
  
1
   
(1
)
  
(379
)
Balance as of December 31, 2024
 
$
3,763
  
$
1,677
  
$
2,028
  
$
7,468
 
  
Accounts
Receivable
 
Notes
Receivable
 
Lease
Receivables
 
Total
Balance as of April 1, 2023
 
$
2,572
  
$
801
  
$
981
  
$
4,354
 
Provision for credit losses
  
516
   
27
   
484
   
1,027
 
Write-offs and other
  
(89
)
  
1
   
(1
)
  
(89
)
Balance as of December 31, 2023
 
$
2,999
  
$
829
  
$
1,464
  
$
5,292
 
Amortized Cost Basis of Financing Receivables by Credit Quality Rating and Credit Origination Year The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of December 31, 2024 (in thousands):
  
Amortized cost basis by origination year ending March 31,
         
  
2025
 
2024
 
2023
 
2022
 
2021
 
2020 and
prior
 
Total
 
Transfers
(2)
 
Net credit
exposure
                            
Notes receivable:
                           
High CQR
 
$
70,090
  
$
12,606
  
$
5,911
  
$
1,046
  
$
1,239
  
$
-
  
$
90,892
  
$
(16,379
)
 
$
74,513
 
Average CQR
  
38,167
   
4,690
   
2,317
   
63
   
20
   
-
   
45,257
   
(1,763
)
  
43,494
 
Low CQR
  
-
   
58
   
909
   
-
   
-
   
-
   
967
   
-
   
967
 
Total
 
$
108,257
  
$
17,354
  
$
9,137
  
$
1,109
  
$
1,259
  
$
-
  
$
137,116
  
$
(18,142
)
 
$
118,974
 
                                     
Lease receivables:
                                    
High CQR
 
$
38,937
  
$
11,776
  
$
6,021
  
$
762
  
$
325
  
$
32
  
$
57,853
  
$
(7,363
)
 
$
50,490
 
Average CQR
  
19,687
   
11,401
   
5,351
   
792
   
56
   
-
   
37,287
   
(6,691
)
  
30,596
 
Low CQR
  
-
   
354
   
579
       
325
   
-
   
1,258
   
-
   
1,258
 
Total
 
$
58,624
  
$
23,531
  
$
11,951
  
$
1,554
  
$
706
  
$
32
  
$
96,398
  
$
(14,054
)
 
$
82,344
 
                                     
Total amortized cost (1)
 
$
166,881
  
$
40,885
  
$
21,088
  
$
2,663
  
$
1,965
  
$
32
  
$
233,514
  
$
(32,196
)
 
$
201,318
 
(1)   Excludes unguaranteed residual values of $4,751 thousand that we retained after selling the related lease receivable.
(2)   Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis.
The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of March 31, 2024 (in thousands):
  
Amortized cost basis by origination year ending March 31,
         
  
2024
 
2023
 
2022
 
2021
 
2020
 
2019 and
prior
 
Total
 
Transfers
(2)
 
Net credit
exposure
                            
Notes receivable:
                           
High CQR
 
$
63,934
  
$
15,821
  
$
3,440
  
$
2,656
  
$
30
  
$
-
  
$
85,881
  
$
(25,683
)
 
$
60,198
 
Average CQR
  
18,715
   
3,260
   
302
   
52
   
-
   
-
   
22,329
   
(3,476
)
  
18,853
 
Low CQR
  
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Total
 
$
82,649
  
$
19,081
  
$
3,742
  
$
2,708
  
$
30
  
$
-
  
$
108,210
  
$
(29,159
)
 
$
79,051
 
                                     
Lease receivables:
                                    
High CQR
 
$
22,123
  
$
9,457
  
$
1,341
  
$
1,151
  
$
100
  
$
7
  
$
34,179
  
$
(1,128
)
 
$
33,051
 
Average CQR
  
22,861
   
9,548
   
2,133
   
259
   
2
   
-
   
34,803
   
(5,436
)
  
29,367
 
Total
 
$
44,984
  
$
19,005
  
$
3,474
  
$
1,410
  
$
102
  
$
7
  
$
68,982
  
$
(6,564
)
 
$
62,418
 
                                     
Total amortized cost (1)
 
$
127,633
  
$
38,086
  
$
7,216
  
$
4,118
  
$
132
  
$
7
  
$
177,192
  
$
(35,723
)
 
$
141,469
 
(1)   Excludes unguaranteed residual values of $3,718 thousand that we retained after selling the related lease receivable.
(2)   Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis.
 
Aging Analysis of Financing Receivables The following table provides an aging analysis of our financing receivables as of December 31, 2024 (in thousands):
  
31-60 Days
Past Due
 
61-90 Days
Past Due
 
> 90 Days
Past Due
 
Total Past
Due
 
Current
 
Total
Billed
 
Unbilled
 
Amortized
Cost
Notes receivable
 
$
2,264
  
$
671
  
$
2,677
  
$
5,612
  
$
17,545
  
$
23,157
  
$
113,959
  
$
137,116
 
Lease receivables
  
1,221
   
968
   
1,706
   
3,895
   
4,193
   
8,088
   
88,310
   
96,398
 
Total
 
$
3,485
  
$
1,639
  
$
4,383
  
$
9,507
  
$
21,738
  
$
31,245
  
$
202,269
  
$
233,514
 
The following table provides an aging analysis of our financing receivables as of March 31, 2024 (in thousands):
  
31-60 Days
Past Due
 
61-90 Days
Past Due
 
> 90 Days
Past Due
 
Total Past
Due
 
Current
 
Total Billed
 
Unbilled
 
Amortized
Cost
Notes receivable
 
$
1,251
  
$
334
  
$
2,484
  
$
4,069
  
$
9,337
  
$
13,406
  
$
94,804
  
$
108,210
 
Lease receivables
  
1,174
   
284
   
2,213
   
3,671
   
4,691
   
8,362
   
60,620
   
68,982
 
Total
 
$
2,425
  
$
618
  
$
4,697
  
$
7,740
  
$
14,028
  
$
21,768
  
$
155,424
  
$
177,192