XML 69 R23.htm IDEA: XBRL DOCUMENT

Finance Receivables (Tables)

12 Months Ended

Mar. 31, 2014

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of an assessment of the credit quality by creditworthiness


		2014								2013
		Contracts				Direct Loans				Contracts				Direct Loans
Performing accounts		$	408,772,473			$	10,683,041			$	383,120,316			$	8,746,338
Non-performing accounts			4,840,819				47,860				3,819,777				35,299

Total		$	413,613,292			$	10,730,901			$	386,940,093			$	8,781,637

Schedule of information regarding delinquency rates


Contracts		Gross Balance Outstanding				30 – 59 days				60 – 89 days				90 + days				Total
March 31, 2014		$	413,613,292			$	11,713,021			$	2,944,228			$	1,896,591			$	16,553,840
							2.83	%			0.71	%			0.46	%			4.00	%
March 31, 2013		$	386,940,093			$	10,421,500			$	2,631,617			$	1,188,160			$	14,241,277
							2.69	%			0.68	%			0.31	%			3.68	%
March 31, 2012		$	382,766,667			$	8,941,467			$	1,851,954			$	636,555			$	11,429,976
							2.34	%			0.48	%			0.17	%			2.99	%

Direct Loans		Gross Balance Outstanding				30 – 59 days				60 – 89 days				90 + days				Total
March 31, 2014		$	10,730,901			$	143,624			$	25,345			$	22,515			$	191,484
							1.34	%			0.23	%			0.21	%			1.78	%
March 31, 2013		$	8,781,637			$	72,364			$	21,509			$	13,790			$	107,663
							0.82	%			0.25	%			0.16	%			1.23	%
March 31, 2012		$	6,221,688			$	48,899			$	14,257			$	4,933			$	68,089
							0.79	%			0.23	%			0.07	%			1.09	%

Contracts

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of finance receivables


		2014				2013				2012
Indirect finance receivables, gross contract		$	413,613,292			$	386,940,093			$	382,766,667
Unearned interest			(121,996,483	)			(111,121,493	)			(109,456,018	)

Indirect finance receivables, net of unearned interest			291,616,809				275,818,600				273,310,649
Unearned dealer discounts			(17,214,269	)			(16,415,169	)			(17,091,567	)

Indirect finance receivables, net of unearned interest and unearned dealer discounts			274,402,540				259,403,431				256,219,082
Allowance for credit losses			(12,889,082	)			(16,090,652	)			(19,499,208	)

Indirect finance receivables, net		$	261,513,458			$	243,312,779			$	236,719,874

Schedule of reconciliation of the changes in the allowance for credit losses


		2014				2013				2012
Balance at beginning of year		$	16,090,652			$	19,499,208			$	19,952,595
Provision for credit losses			14,693,841				13,252,382				12,185,531
Losses absorbed			(21,690,010	)			(19,851,080	)			(15,044,668	)
Recoveries			3,794,599				3,190,142				2,405,750

Balance at end of year		$	12,889,082			$	16,090,652			$	19,499,208

Direct Loans

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of finance receivables


		2014				2013				2012
Direct finance receivables, gross contract		$	10,730,901			$	8,781,637			$	6,221,688
Unearned interest			(2,310,486	)			(1,800,698	)			(1,195,948	)

Direct finance receivables, net of unearned interest			8,420,415				6,980,939				5,025,740
Allowance for credit losses			(590,278	)			(467,917	)			(492,184	)

Direct finance receivables, net		$	7,830,137			$	6,513,022			$	4,533,556

Schedule of reconciliation of the changes in the allowance for credit losses


		2014				2013				2012
Balance at beginning of year		$	467,917			$	492,184			$	378,418
Provision for credit losses			285,375				139,493				182,062
Losses absorbed			(192,156	)			(190,871	)			(93,041	)
Recoveries			29,142				27,111				24,745

Balance at end of year		$	590,278			$	467,917			$	492,184