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Finance Receivables (Tables)

9 Months Ended

Dec. 31, 2017

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

Schedule of finance receivables consisting of automobile finance installment Contracts and Direct Loans


		(In thousands)
		December 31, 2017				March 31, 2017
Finance receivables, gross contract		$	454,277			$	512,720
Unearned interest			(137,594	)			(160,853	)

Finance receivables, net of unearned interest			316,683				351,867
Unearned dealer discounts			(14,138	)			(17,004	)

Finance receivables, net of unearned interest and unearned dealer discounts			302,545				334,863
Allowance for credit losses			(21,187	)			(17,658	)

Finance receivables, net		$	281,358			$	317,205

Schedule of information on the entire portfolio


		As of December 31,
Contract Portfolio		2017				2016
Weighted APR			22.21	%			22.43	%
Weighted average discount			7.25	%			7.48	%
Weighted average term (months)			57				57
Number of active contracts			33,993				37,834


		As of December 31,
Direct Loan Portfolio		2017				2016
Weighted APR			25.18	%			25.69	%
Weighted average term (months)			33				33
Number of active contracts			2,718				3,023

Schedule of an assessment of the credit quality by creditworthiness

		(In thousands)
		December 31, 2017								December 31, 2016
		Contracts				Direct Loans				Contracts				Direct Loans
Performing accounts		$	412,775			$	10,349			$	462,569			$	11,231
Non-performing accounts			27,053				217				36,980				280

Total		$	439,828			$	10,566			$	499,549			$	11,511
Chapter 13 bankruptcy accounts			3,843				40				4,220				36

Finance receivables, gross contract		$	443,671			$	10,606			$	503,769			$	11,547

Schedule of information regarding delinquency rates

(In thousands, except percentages)
Contracts		Gross Balance Outstanding				31 – 60 days				61 – 90 days				91 – 120 days				Over 120				Total
December 31, 2017		$	439,828			$	33,453			$	14,039			$	7,893			$	5,121			$	60,506
							7.61	%			3.19	%			1.79	%			1.16	%			13.76	%

December 31, 2016		$	499,549			$	35,184			$	17,263			$	11,072			$	8,645			$	72,164
							7.04	%			3.46	%			2.22	%			1.73	%			14.45	%

Direct Loans		Gross Balance Outstanding				31 – 60 days				61 – 90 days				91 – 120 days				Over 120				Total
December 31, 2017		$	10,566			$	254			$	102			$	32			$	83			$	471
							2.41	%			0.97	%			0.30	%			0.78	%			4.46	%

December 31, 2016		$	11,511			$	282			$	155			$	61			$	64			$	562
							2.45	%			1.34	%			0.53	%			0.56	%			4.88	%

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

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


		Three months ended December 31, (In thousands)								Nine months ended December 31, (In thousands)
		2017				2016				2017				2016
Balance at beginning of period		$	19,967			$	12,925			$	16,885			$	12,265
Current period provision			8,818				8,701				28,498				23,723
Losses absorbed			(8,745	)			(8,247	)			(26,372	)			(23,815	)
Recoveries			360				570				1,389				1,776

Balance at end of period		$	20,400			$	13,949			$	20,400			$	13,949

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

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

		Three months ended December 31, (In thousands)								Nine months ended December 31, (In thousands)
		2017				2016				2017				2016
Balance at beginning of period		$	782			$	774			$	773			$	748
Current period provision			171				95				389				243
Losses absorbed			(172	)			(73	)			(395	)			(217	)
Recoveries			6				3				20				25

Balance at end of period		$	787			$	799			$	787			$	799