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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Mar. 31, 2026
DISCONTINUED OPERATIONS [Abstract] |
Discontinued Operations | The following table provides our operating results of discontinued operations for the years ended March 31, 2026, 2025 and 2024 (in thousands):
|  |  | Year ended March 31, |
|  |  | 2026 |  |  |  | 2025 |  |  |  | 2024 |
Net sales |  | $ | 15,811 |  |  | $ | 59,222 |  |  | $ | 48,787 |
Cost of sales |  |  | 1,734 |  |  |  | 5,625 |  |  |  | 6,689 |
Gross profit |  |  | 14,077 |  |  |  | 53,597 |  |  |  | 42,098 |
Selling, general, and administrative |  |  | 3,599 |  |  |  | 14,343 |  |  |  | 12,178 |
Depreciation and amortization |  |  | - |  |  |  | - |  |  |  | 74 |
Interest and financing costs |  |  | 450 |  |  |  | 2,211 |  |  |  | 2,348 |
Operating expenses |  |  | 4,049 |  |  |  | 16,554 |  |  |  | 14,600 |
Operating income |  |  | 10,028 |  |  |  | 37,043 |  |  |  | 27,498 |
Other income—net |  |  | (2,089 | ) |  |  | 988 |  |  |  | 1,404 |
Earnings before gain from sale and income taxes |  |  | 7,939 |  |  |  | 38,031 |  |  |  | 28,902 |
Gain from sale of HoldCo before income taxes |  |  | 3,815 |  |  |  | - |  |  |  | - |
Earnings before income taxes |  |  | 11,754 |  |  |  | 38,031 |  |  |  | 28,902 |
Provision for income taxes |  |  | 3,238 |  |  |  | 9,894 |  |  |  | 8,247 |
Net earnings from discontinued operations, net of tax |  | $ | 8,516 |  |  | $ | 28,137 |  |  | $ | 20,655 |
The following table provides the major classes of assets and liabilities that are classified as discontinued operations as of March 31, 2025 (in thousands):
|  | March 31, 2025 |
ASSETS |  |  |  |
Accounts receivable—net |  | $ | 34,610 |
Financing receivables—net, current |  |  | 168,392 |
Other current assets |  |  | 19,397 |
Current assets of discontinued operations |  | $ | 222,399 |
Financing receivables and operating leases—net |  | $ | 126,408 |
Other assets—long-term |  |  | 7,427 |
Non-current assets of discontinued operations |  | $ | 133,835 |
LIABILITIES |  |  |  |
Accounts payable |  | $ | 127,154 |
Salaries and commissions payable |  |  | 2,812 |
Non-recourse notes payable—current |  |  | 27,456 |
Other current liabilities |  |  | 9,041 |
Current liabilities of discontinued operations |  | $ | 166,463 |
Non-recourse notes payable—long-term |  | $ | 11,317 |
Other liabilities—long-term |  |  | 1,229 |
Non-current liabilities of discontinued operations |  | $ | 12,546 |

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