XML 44 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]        
Interest and fee income on finance receivables $ 21,800,765us-gaap_InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles $ 20,761,230us-gaap_InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles $ 64,856,351us-gaap_InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles $ 62,185,889us-gaap_InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
Expenses:        
Marketing 333,813us-gaap_MarketingExpense 350,408us-gaap_MarketingExpense 1,196,069us-gaap_MarketingExpense 1,109,997us-gaap_MarketingExpense
Salaries and employee benefits 5,100,035us-gaap_LaborAndRelatedExpense 4,859,897us-gaap_LaborAndRelatedExpense 15,441,864us-gaap_LaborAndRelatedExpense 14,542,906us-gaap_LaborAndRelatedExpense
Professional Fees 314,124us-gaap_ProfessionalFees 1,060,863us-gaap_ProfessionalFees 1,124,912us-gaap_ProfessionalFees 2,012,249us-gaap_ProfessionalFees
Administrative 2,422,678us-gaap_GeneralAndAdministrativeExpense 2,225,656us-gaap_GeneralAndAdministrativeExpense 7,272,577us-gaap_GeneralAndAdministrativeExpense 6,614,055us-gaap_GeneralAndAdministrativeExpense
Provision for credit losses 5,796,648us-gaap_ProvisionForLoanLeaseAndOtherLosses 4,183,035us-gaap_ProvisionForLoanLeaseAndOtherLosses 15,182,698us-gaap_ProvisionForLoanLeaseAndOtherLosses 10,797,930us-gaap_ProvisionForLoanLeaseAndOtherLosses
Dividend tax       142,557nick_DividendTaxExpense
Depreciation 92,070us-gaap_DepreciationNonproduction 78,755us-gaap_DepreciationNonproduction 276,194us-gaap_DepreciationNonproduction 230,909us-gaap_DepreciationNonproduction
Interest expense 1,457,919us-gaap_InterestExpense 1,441,175us-gaap_InterestExpense 4,391,697us-gaap_InterestExpense 4,288,979us-gaap_InterestExpense
Change in fair value of interest rate swap agreements 144,999us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1 (98,346)us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1 105,878us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1 (681,989)us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
Total operating expenses 15,662,286us-gaap_OperatingExpenses 14,101,443us-gaap_OperatingExpenses 44,991,889us-gaap_OperatingExpenses 39,057,593us-gaap_OperatingExpenses
Operating income before income taxes 6,138,479us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 6,659,787us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 19,864,462us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 23,128,296us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 2,368,923us-gaap_IncomeTaxExpenseBenefit 2,833,019us-gaap_IncomeTaxExpenseBenefit 6,856,017us-gaap_IncomeTaxExpenseBenefit 9,284,483us-gaap_IncomeTaxExpenseBenefit
Net income $ 3,769,556us-gaap_NetIncomeLoss $ 3,826,768us-gaap_NetIncomeLoss $ 13,008,445us-gaap_NetIncomeLoss $ 13,843,813us-gaap_NetIncomeLoss
Earnings per share:        
Basic (in dollars per share) $ 0.31us-gaap_EarningsPerShareBasic $ 0.32us-gaap_EarningsPerShareBasic $ 1.07us-gaap_EarningsPerShareBasic $ 1.15us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.30us-gaap_EarningsPerShareDiluted $ 0.31us-gaap_EarningsPerShareDiluted $ 1.05us-gaap_EarningsPerShareDiluted $ 1.13us-gaap_EarningsPerShareDiluted
Dividends declared per share (in dollars per share)       $ 0.24us-gaap_CommonStockDividendsPerShareDeclared