XML 18 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note C - Finance Receivables (Tables)
 6 Months Ended
Oct. 31, 2013
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
(In thousands)
 
October 31, 2013
   
April 30, 2013
 
             
Gross contract amount
  $ 442,545     $ 414,614  
Less unearned finance charges
    (53,746 )     (51,220 )
Principal balance
    388,799       363,394  
Less allowance for credit losses
    (80,699 )     (75,345 )
                 
Finance receivables, net
  $ 308,100     $ 288,049  
                 
Change in Finance Receivables, Net
   
Six Months Ended
October 31,
 
(In thousands)
 
2013
   
2012
 
             
Balance at beginning of period
  $ 288,049     $ 251,103  
Finance receivable originations
    203,688       182,140  
Finance receivable collections
    (102,986 )     (96,730 )
Provision for credit losses
    (54,826 )     (45,310 )
Losses on claims for payment protection plan
    (4,060 )     (3,292 )
Inventory acquired in repossession and payment protection plan claims
    (21,765 )     (19,100 )
                 
Balance at end of period
  $ 308,100     $ 268,811  
                 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
   
Six Months Ended
October 31,
 
(In thousands)
 
2013
   
2012
 
             
Balance at beginning of period
  $ 75,345     $ 65,831  
Provision for credit losses
    54,826       45,310  
Charge-offs, net of recovered collateral
    (49,472 )     (40,704 )
                 
Balance at end of period
  $ 80,699     $ 70,437  
                 
Past Due Financing Receivables [Table Text Block]
(Dollars in thousands)
October 31, 2013
 
April 30, 2013
 
October 31, 2012
 
 
Principal
Balance
   
Percent of
Portfolio
 
Principal
Balance
   
Percent of
Portfolio
 
Principal
Balance
   
Percent of
Portfolio
 
Current
  $ 313,006       80.50 %   $ 284,441       78.27 %   $ 270,853       79.84 %
3 - 29 days past due
    57,429       14.77 %     60,477       16.64 %     53,660       15.82 %
30 - 60 days past due
    12,008       3.09 %     10,232       2.82 %     10,488       3.09 %
61 - 90 days past due
    4,429       1.14 %     6,280       1.73 %     3,323       0.98 %
    > 90 days past due
    1,927       0.50 %     1,964       0.54 %     924       0.27 %
Total
  $ 388,799       100.00 %   $ 363,394       100.00 %   $ 339,248       100.00 %
                                                 
Financing Receivable Credit Quality Indicators [Table Text Block]
   
Six Months Ended
October 31,
 
   
2013
   
2012
 
             
Principal collected as a percent of average finance receivables
    27.3 %     29.4 %
Average down-payment percentage
    6.4 %     6.8 %
   
October 31,
2013
   
October 31,
2012
 
Average originating contract term (in months)
    27.1       27.0  
Portfolio weighted average contract term, including modifications (in months)
    29.5       28.3