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Finance Receivables (Tables)

12 Months Ended

Mar. 31, 2023

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)
		2023				2022
Finance receivables		$	128,170			$	178,786
Accrued interest receivable			1,932				2,315
Unearned dealer discounts			(4,286	)			(6,894	)
Unearned purchase price discounts			(82	)			(212	)
Unearned insurance and fee commissions			(1,419	)			(2,446	)
Finance receivables, net of unearned			124,315				171,549
Allowance for credit losses			(17,396	)			(2,949	)
Finance receivables, net		$	106,919			$	168,600

Contracts

Schedule of activity in allowance for credit losses

The following presents the activity in our allowance for credit losses:

		For the year ended March 31, 2023
		(In thousands)
		Indirect				Direct				Total
Balance at beginning of year		$	1,961			$	988			$	2,949
Provision for credit losses			37,125				3,533				40,658
Charge-offs			(28,391	)			(3,621	)			(32,012	)
Recoveries			5,570				231				5,801
Balance at end of year		$	16,265			$	1,131			$	17,396

		For the year ended March 31, 2022
		(In thousands)
		Indirect				Direct				Total
Balance at beginning of year		$	6,001			$	153			$	6,154
Provision for credit losses			4,210				1,755				5,965
Charge-offs			(13,515	)			(980	)			(14,495	)
Recoveries			5,265				60				5,325
Balance at end of year		$	1,961			$	988			$	2,949

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)
		2023												2022
		Contracts				Direct Loans				Total				Contracts				Direct Loans				Total
Performing accounts		$	101,856			$	16,926			$	118,782			$	149,976			$	24,102			$	174,078
Non-performing accounts			6,972				1,728				8,700				4,167				274				4,441
Total			108,828				18,654				127,482				154,143				24,376				178,519
Chapter 13 bankruptcy			590				98				688				254				13				267
Finance receivables		$	109,418			$	18,752			$	128,170			$	154,397			$	24,389			$	178,786

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, 2023		$	108,828			$	10,083			$	3,274			$	3,698			$	-			$	17,055
							9.27	%			3.01	%			3.40	%			0.00	%			15.67	%
March 31, 2022		$	154,143			$	7,097			$	2,936			$	1,183			$	48			$	11,264
							4.60	%			1.90	%			0.77	%			0.03	%			7.31	%

Direct Loans		Balance Outstanding				30 – 59 days				60 –89 days				90-119 days				120+ days				Total
March 31, 2023		$	18,654			$	1,448			$	654			$	1,074			$	-			$	3,176
							7.76	%			3.51	%			5.76	%			0.00	%			17.03	%
March 31, 2022		$	24,376			$	607			$	197			$	77			$	-			$	881
							2.49	%			0.81	%			0.32	%			0.00	%			3.61	%

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- Definition

Tabular disclosure of information regarding delinquency rates.

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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 https://asc.fasb.org/extlink&oid=123577603&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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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- 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 https://asc.fasb.org/extlink&oid=124255953&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 https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

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- 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)
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