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Segments (Notes)
 6 Months Ended
Sep. 30, 2017
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure [Text Block]
NOTE 11 – SEGMENTS

At March 31, 2017 only the U.S. operating segment met one or more of the quantitative thresholds that trigger separately disclosed reporting as outlined in FASB Accounting Standards Codification 280, Segment Reporting. However, management believes separately disclosed information about the Mexico operating segment would be useful to readers of the financial statements. Therefore, the Company has two reportable segments, which are the U.S. and Mexico components.

The following table presents operating results for the Company’s two reportable segments:

 
Three months ended September 30,
 
Six months ended September 30,
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
U.S.
$
118,929,051

 
118,611,404

 
$
235,567,417

 
235,677,371

Mexico
12,076,480

 
10,657,572

 
24,347,537

 
20,671,701

Consolidated revenues
131,005,531

 
129,268,976

 
259,914,954

 
256,349,072

 
 
 
 
 
 
 
 
Provision for loan losses:
 
 
 
 
 
 
 
U.S.
$
32,824,398

 
34,429,489

 
$
60,534,025

 
63,347,983

Mexico
6,151,574

 
1,441,255

 
9,282,005

 
4,537,038

Consolidated provision for loan losses
38,975,972

 
35,870,744

 
69,816,030

 
67,885,021

 
 
 
 
 
 
 
 
General and administrative expenses:(1)
 
 
 
 
 
 
 
U.S.
$
58,937,002

 
57,825,252

 
$
125,145,188

 
114,931,636

Mexico
11,971,749

 
5,630,536

 
18,680,652

 
11,472,657

Consolidated general and administrative expenses
70,908,751

 
63,455,788

 
143,825,840

 
126,404,293

 
 
 
 
 
 
 
 
Interest expense:(2)
 
 
 
 
 
 
 
U.S.
$
4,790,744

 
5,518,878

 
$
9,037,446

 
11,105,197

Mexico
—

 
—

 
—

 
—

Consolidated interest expense
4,790,744

 
5,518,878

 
9,037,446

 
11,105,197

 
 
 
 
 
 
 
 
Income tax expense (benefit):
 
 
 
 
 
 
 
U.S.
$
7,984,523

 
7,788,477

 
$
15,249,919

 
17,271,589

Mexico
(1,453,804
)
 
1,143,624

 
(881,312
)
 
1,573,553

Consolidated income tax expense
6,530,719

 
8,932,101

 
14,368,607

 
18,845,142

 
 
 
 
 
 
 
 
Net income (loss):
 
 
 
 
 
 
 
U.S.
$
14,392,384

 
13,049,308

 
$
25,600,839

 
29,020,966

Mexico
(4,593,039
)
 
2,442,157

 
(2,733,808
)
 
3,088,453

Consolidated net income
9,799,345

 
15,491,465

 
22,867,031

 
32,109,419


(1) 
In accordance with transfer pricing agreements between the segments, the Mexico segment reimburses the U.S. segment for personnel-related and other administrative costs incurred by the U.S. segment for the benefit of the Mexico segment. For the three months ended September 30, 2017 and 2016 these charges totaled $3.8 million and $0.3 million, respectively. For the six months ended September 30, 2017 and 2016 these charges totaled $4.1 million and -$0.3 million ($0.8 million in charges net of approximately $1.1 million of expense reversal related to the retirement of the previous Senior Vice President of Mexico), respectively.
(2) 
In accordance with the Company's revolving credit facility, substantially all of the Company’s assets, excluding the Company’s Mexico subsidiaries, are pledged as collateral. Any working capital contributions made by the U.S. segment to the Mexico segment are treated as contributions of capital. Therefore, the Mexico segment incurs no interest expense.

The following table presents long-lived assets (other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets) for the Company’s two reportable segments:

 
 
September 30, 2017
 
March 31, 2017
Total long-lived assets
 
 
 
 
U.S.
 
$
21,101,522

 
20,724,777

Mexico
 
3,256,154

 
3,459,430

Consolidated total long-lived assets
 
24,357,676

 
24,184,207



The following table presents total assets for the Company’s two reportable segments:

 
 
September 30, 2017
 
March 31, 2017
Total assets
 
 
 
 
U.S.
 
$
786,140,414

 
730,985,558

Mexico
 
70,928,716

 
69,603,217

Consolidated total assets
 
857,069,130

 
800,588,775