XML 76 R25.htm IDEA: XBRL DOCUMENT v3.20.1

Finance Receivables (Tables)

12 Months Ended

Mar. 31, 2020

Receivables [Abstract]

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

Contracts and Direct Loans included in finance receivables are detailed as follows as of fiscal years ended March 31:

		(In thousands)
		2020				2019
Finance receivables		$	219,366			$	228,994
Accrued interest receivable			3,164				2,889
Unearned dealer discounts			(8,056	)			(10,083	)
Unearned insurance and fee commissions			(2,616	)			(2,826	)
Purchase price discount			(915	)			-
Finance receivables, net of unearned			210,943				218,974
Allowance for credit losses			(11,162	)			(16,932	)
Finance receivables, net		$	199,781			$	202,042

Schedule of activity in allowance for credit losses

The following presents the activity in our allowance for credit losses, shown below and on the next page:

		For the year ended March 31, 2020
		(In thousands)
		Indirect				Direct				Total
Balance at beginning of year		$	16,575			$	357			$	16,932
Provision for credit losses			16,096				805				16,901
Charge-offs			(29,174	)			(663	)			(29,837	)
Recoveries*			6,936				230				7,166
Balance at end of year		$	10,433			$	729			$	11,162
*For the year ended March 31, 2020, the Company completed bulk sales of charge-off accounts, which included $1.6 million of bankruptcy accounts and $0.1 million of non-performing accounts.

		For the year ended March 31, 2019
		(In thousands)
		Indirect				Direct				Total
Balance at beginning of year		$	19,433			$	833			$	20,266
Provision for credit losses			32,715				121				32,836
Charge-offs			(37,514	)			(638	)			(38,152	)
Recoveries			1,941				41				1,982
Balance at end of year		$	16,575			$	357			$	16,932

Schedule of an assessment of the credit quality by creditworthiness

The following table is an assessment of the credit quality by creditworthiness as of March 31:

		(In thousands)
		2020												2019
		Contracts				Direct Loans				Total				Contracts				Direct Loans				Total
Performing accounts		$	201,045			$	11,649			$	212,694			$	213,542			$	7,889			$	221,431
Non-performing accounts			6,202				195				6,397				7,453				110				7,563
Total			207,247				11,844				219,091				220,995				7,999				228,994
Chapter 13 bankruptcy			274				1				275				-				-				-
Finance receivables		$	207,521			$	11,845			$	219,366			$	220,995			$	7,999			$	228,994

Schedule of information regarding delinquency rates

The following tables present certain information regarding the delinquency rates experienced by the Company with respect to Contracts and Direct Loans, excluding any Chapter 13 bankruptcy accounts:

		(In thousands)
Contracts		Balance Outstanding				30 – 59 days				60 –89 days				90-119 days				120+ days				Total
March 31, 2020		$	207,247			$	14,977			$	4,290			$	1,893			$	19			$	21,179
							7.23	%			2.07	%			0.91	%			0.01	%			10.22	%
March 31, 2019		$	220,995			$	14,897			$	5,155			$	2,288			$	10			$	22,350
							6.74	%			2.33	%			1.04	%			0.00	%			10.11	%

Direct Loans		Balance Outstanding				30 – 59 days				60 –89 days				90-119 days				120+ days				Total
March 31, 2020		$	11,844			$	344			$	136			$	59				—			$	539
							2.90	%			1.15	%			0.50	%			0.00	%			4.55	%
March 31, 2019		$	7,999			$	197			$	79			$	31			$	-			$	307
							2.46	%			0.99	%			0.39	%			0.00	%			3.84	%

X

- Definition

Tabular disclosure of information regarding delinquency rates.

+ References

No definition available.

+ Details

Name:	nick_ScheduleOfInformationRegardingDelinquencyRatesTableTextBlock
Namespace Prefix:	nick_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration