Old Market Capital (OMCC) 10-Q 10 Nov 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'NICHOLAS FINANCIAL INC	'
Entity Central Index Key	'0001000045	'
Trading Symbol	'nick	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock Shares Outstanding	'	12,287,329
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Mar. 31, 2014
Assets	'	'
Cash	$4,981,883	$2,635,036
Finance receivables, net	279,182,218	269,343,595
Assets held for resale	2,235,729	1,696,330
Income taxes receivable	920,924	1,093,682
Prepaid expenses and other assets	696,852	891,044
Property and equipment, net	931,328	869,693
Interest rate swap agreements	222,724	183,603
Deferred income taxes	6,603,470	6,716,596
Total assets	295,775,128	283,429,579
Liabilities and shareholders' equity	'	'
Line of credit	132,000,000	127,900,000
Drafts payable	2,244,490	2,338,561
Accounts payable and accrued expenses	7,190,657	8,924,919
Deferred revenues	2,715,283	2,328,544
Total liabilities	144,150,430	141,492,024
Shareholders' equity	'	'
Preferred stock, no par: 5,000,000 shares authorized; none issued	'	'
Common stock, no par: 50,000,000 shares authorized; 12,286,109 and 12,220,874 shares issued and outstanding, respectively	31,600,035	31,151,781
Retained earnings	120,024,663	110,785,774
Total shareholders' equity	151,624,698	141,937,555
Total liabilities and shareholders' equity	$295,775,128	$283,429,579

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Statement of Financial Position [Abstract]	'	'
Preferred stock, no par value (in dollars per share)	'	'
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	'	'
Common stock, no par value (in dollars per share)	'	'
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,286,109	12,220,874
Common stock, shares outstanding	12,286,109	12,220,874

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Interest and fee income on finance receivables	$21,723,072	$20,948,924	$43,055,586	$41,424,659
Expenses:	'	'	'	'
Marketing	459,389	363,515	862,256	759,589
Salaries and employee benefits	5,120,649	4,831,559	10,341,829	9,683,009
Professional Fees	192,940	482,983	810,788	951,386
Administrative	2,473,775	2,255,856	4,849,899	4,388,399
Provision for credit losses	5,154,235	3,973,104	9,386,050	6,614,895
Dividend tax	'	69,538	'	142,557
Depreciation	93,541	76,819	184,124	152,154
Interest expense	1,485,193	1,442,898	2,933,778	2,847,804
Change in fair value of interest rate swap agreements	-251,408	249,616	-39,121	-583,643
Total operating expenses	14,728,314	13,745,888	29,329,603	24,956,150
Operating income before income taxes	6,994,758	7,203,036	13,725,983	16,468,509
Income tax expense	2,665,057	2,886,484	4,487,094	6,451,464
Net income	$4,329,701	$4,316,552	$9,238,889	$10,017,045
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$0.36	$0.36	$0.76	$0.83
Diluted (in dollars per share)	$0.35	$0.35	$0.75	$0.82
Dividends declared per share (in dollars per share)	'	$0.12	'	$0.24

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities	'	'
Net income	$9,238,889	$10,017,045
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	184,124	152,154
Loss (gain) on sale of property and equipment	15,739	-21,800
Provision for credit losses	9,386,050	6,614,895
Amortization of dealer discounts	-6,791,907	-6,108,055
Deferred income taxes	113,126	1,215,453
Share-based compensation	240,290	261,444
Change in fair value of interest rate swap agreements	-39,121	-583,643
Changes in operating assets and liabilities:	'	'
Prepaid expenses and other assets	194,192	58,596
Accounts payable and accrued expenses	-1,734,262	-596,685
Income taxes receivable	172,758	-744,168
Deferred revenues	386,739	506,462
Net cash provided by operating activities	11,366,617	10,771,698
Cash flows from investing activities	'	'
Purchase and origination of finance receivables	-80,881,045	-78,220,371
Principal payments received	68,448,279	67,045,251
Increase in assets held for resale	-539,399	-808,697
Purchase of property and equipment	-308,948	-178,912
Proceeds from sale of property and equipment	47,450	40,781
Net cash used in investing activities	-13,233,663	-12,121,948
Cash flows from financing activities	'	'
Net draws on line of credit	4,100,000	5,500,000
Change in drafts payable	-94,071	22,590
Payment of cash dividends	'	-2,851,126
Proceeds from exercise of stock options	142,241	217,673
Excess tax benefits from share-based compensation	65,723	137,079
Net cash provided by financing activities	4,213,893	3,026,216
Net increase in cash	2,346,847	1,675,966
Cash, beginning of period	2,635,036	2,797,716
Cash, end of period	$4,981,883	$4,473,682

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Basis of Presentation	'
	1. Basis of Presentation
	The accompanying consolidated balance sheet as of March 31, 2014, which has been derived from audited financial statements, and the accompanying unaudited interim consolidated financial statements of Nicholas Financial, Inc. (including its subsidiaries, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q pursuant to the Securities and Exchange Act of 1934, as amended in Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements, although the Company believes that the disclosures made are adequate to ensure the information is not misleading. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for interim periods are not necessarily indicative of the results that may be expected for the year ending March 31, 2015. It is suggested that these consolidated financial statements be read in conjunction with the consolidated financial statements and accompanying notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014 as filed with the Securities and Exchange Commission on June 16, 2014. The March 31, 2014 consolidated balance sheet included herein has been derived from the March 31, 2014 audited consolidated balance sheet included in the aforementioned Form 10-K.
	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses on finance receivables and the fair value of interest rate swap agreements.

Revenue_Recognition

Revenue Recognition	6 Months Ended
	Sep. 30, 2014
Deferred Revenue Disclosure [Abstract]	'
Revenue Recognition	'
	2. Revenue Recognition
	Finance receivables consist of automobile finance installment contracts (“Contracts”) and direct consumer loans (“Direct Loans”). Interest income on finance receivables is recognized using the interest method. Accrual of interest income on finance receivables is suspended when a loan enters bankruptcy status, is contractually delinquent for 60 days or more or the collateral is repossessed, whichever is earlier. Chapter 13 bankrupt accounts are accounted for under the cost-recovery method. Interest income on Chapter 13 bankrupt accounts does not resume until all principal amounts are recovered (see Note 4).
	A dealer discount represents the difference between the finance receivable, net of unearned interest, of a Contract, and the amount of money the Company actually pays for the Contract. The discount negotiated by the Company is a function of the lender, the wholesale value of the vehicle and competition in any given market. In making decisions regarding the purchase of a particular Contract the Company considers the following factors related to the borrower: place and length of residence; current and prior job status; history in making installment payments for automobiles; current income; and credit history. In addition, the Company examines its prior experience with Contracts purchased from the dealer from which the Company is purchasing the Contract, and the value of the automobile in relation to the purchase price and the term of the Contract. The entire amount of discount is amortized as an adjustment to yield using the interest method over the life of the loan. The average dealer discount associated with new volume for the six months ended September 30, 2014 and 2013 was 8.16% and 8.43%, respectively in relation to the total amount financed.
	Gross finance receivables represent principal balance plus unearned income. The amount of future unearned income is computed as the product of the Contract rate, the Contract term, and the Contract amount.
	Deferred revenues consist primarily of commissions received from the sale of ancillary products. These products include automobile warranties, roadside assistance programs, accident and health insurance, credit life insurance and forced placed automobile insurance. These commissions are amortized over the life of the contract using the interest method.
	The Company’s net costs for originating direct loans are recognized as an adjustment to the yield and are amortized over the life of the loan using the interest method.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	3. Earnings Per Share
	Basic earnings per share is calculated by dividing the reported net income for the period by the weighted average number of shares of common stock outstanding. Diluted earnings per share includes the effect of dilutive options and other share awards. Basic and diluted earnings per share have been computed as follows:
		Three months ended				Six months ended
		September 30,				September 30,
		2014		2013		2014		2013
	Numerator for earnings per share – net income	$	4,329,701	$	4,316,552	$	9,238,889	$	10,017,045
	Denominator:
	Denominator for basic earnings per share – weighted average shares		12,190,800		12,092,246		12,184,581		12,078,703
	Effect of dilutive securities:		173,903		222,995		186,254		194,879
	Stock options and other share awards
	Denominator for diluted earnings per share		12,364,703		12,315,241		12,370,835		12,273,582
	Earnings per share:
	Basic	$	0.36	$	0.36	$	0.76	$	0.83
	Diluted	$	0.35	$	0.35	$	0.75	$	0.82
	For the three months ended September 30, 2014 and 2013, potential shares of common stock from stock options totaling 92,663 and 10,000, respectively, were not included in the diluted earnings per share calculation because their effect is anti-dilutive. For the six months ended September 30, 2014 and 2013 potential shares of common stock from stock options totaling 58,989 and 78,559, respectively, were not included in the diluted earnings per share calculation because their effect is anti-dilutive.

Finance_Receivables

Finance Receivables	6 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Finance Receivables	'
	4. Finance Receivables
	Finance receivables consist of automobile finance installment Contracts and Direct Loans and are detailed as follows:
		September 30,			March 31,
		2014			2014
	Finance receivables, gross contract	$	442,184,095		$	424,344,193
	Unearned interest		(132,735,074	)		(124,306,969	)
	Finance receivables, net of unearned interest		309,449,021			300,037,224
	Unearned dealer discounts		(17,589,609	)		(17,214,269	)
	Finance receivables, net of unearned interest and unearned dealer discounts		291,859,412			282,822,955
	Allowance for credit losses		(12,677,194	)		(13,479,360	)
	Finance receivables, net	$	279,182,218		$	269,343,595
	The terms of the Contracts range from 12 to 72 months and the Direct Loans range from 6 to 48 months. The Contracts and Direct Loans bear a weighted average effective interest rate of 23.10% and 23.24% as of September 30, 2014, respectively and 23.08% and 26.32% as of March 31, 2014, respectively.
	Finance receivables consist of Contracts and Direct Loans, each of which comprises a portfolio segment. Each portfolio segment consists of smaller balance homogeneous loans which are collectively evaluated for impairment.
	The following table sets forth a reconciliation of the changes in the allowance for credit losses on Contracts:
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Balance at beginning of period	$	12,933,905		$	14,811,173		$	12,889,082		$	16,090,652
	Current period provision		5,067,689			3,873,216			9,141,087			6,367,646
	Losses absorbed		(7,046,790	)		(6,029,363	)		(11,896,413	)		(10,678,339	)
	Recoveries		987,890			823,996			1,808,938			1,699,063
	Balance at end of period	$	11,942,694		$	13,479,022		$	11,942,694		$	13,479,022
	The Company purchases Contracts from automobile dealers at a negotiated price that is less than the original principal amount being financed by the purchaser of the automobile. The Contracts are predominately for used vehicles. As of September 30, 2014, the average model year of vehicles collateralizing the portfolio was a 2006 vehicle. The average loan to value ratio, which expresses the amount of the Contract as a percentage of the value of the automobile, is approximately 95%. The Company utilizes a static pool approach to track portfolio performance. If the allowance for credit losses is determined to be inadequate for a static pool, then an additional charge to income through the provision is used to maintain adequate reserves based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the portfolio, and current economic conditions. Such evaluation, considers among other matters, the estimated net realizable value or the fair value of the underlying collateral, economic conditions, historical loan loss experience, management’s estimate of probable credit losses and other factors that warrant recognition in providing for an adequate allowance for credit losses.
	The following table sets forth a reconciliation of the changes in the allowance for credit losses on Direct Loans:
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Balance at beginning of period	$	706,960		$	591,881		$	590,278		$	467,917
	Current period provision		86,546			99,888			244,963			247,249
	Losses absorbed		(65,015	)		(42,987	)		(119,115	)		(70,573	)
	Recoveries		6,009			10,833			18,374			15,022
	Balance at end of period	$	734,500		$	659,615		$	734,500		$	659,615
	Direct Loans are originated directly between the Company and the consumer. These loans are typically for amounts ranging from $1,000 to $8,000 and are generally secured by a lien on an automobile, watercraft or other permissible tangible personal property. The majority of Direct Loans are originated with current or former customers under the Company’s automobile financing program. The typical Direct Loan represents a significantly better credit risk than our typical Contract due to the customer’s historical payment history with the Company. In deciding whether or not to make a loan, the Company considers the individual’s credit history, job stability, income and impressions created during a personal interview with a Company loan officer. Additionally, because most of Direct Loans made by the Company to date have been made to borrowers under Contracts previously purchased by the Company, the payment history of the borrower under the Contract is a significant factor in making the loan decision. As of September 30, 2014, loans made by the Company pursuant to its Direct Loan program constituted approximately 3% of the aggregate principal amount of the Company’s loan portfolio.
	Changes in the allowance for credit losses for both Contracts and Direct Loans were driven by current economic conditions and trends over several reporting periods which are useful in estimating future losses and overall portfolio performance.
	A performing account is defined as an account that is less than 61 days past due. A non-performing account is defined as an account that is contractually delinquent for 61 days or more and the accrual of interest income is suspended. When an account is 120 days contractually delinquent, the account is written off. Upon notification of a Chapter 13 bankruptcy, an account is monitored for collection with other Chapter 13 bankrupt accounts. In the event the debtors balance has been reduced by the bankruptcy court, the Company will record a loss equal to the amount of principal balance reduction. The remaining balance will be reduced as payments are received by the bankruptcy court. In the event an account is dismissed from bankruptcy, the Company will decide, based on several factors, to begin repossession proceedings or to allow the customer to begin making regularly scheduled payments.
	The following table is an assessment of the credit quality by creditworthiness:
		September 30,						September 30,
		2014						2013
		Contracts			Direct Loans			Contracts			Direct Loans
	Performing accounts	$	419,111,304		$	11,268,405		$	392,402,488		$	10,555,451
	Non-performing accounts		8,085,319			101,071			4,696,422			58,850
	Total	$	427,196,623		$	11,369,476		$	397,098,910		$	10,614,301
	Chapter 13 bankrupt accounts		3,585,641			32,355			2,994,649			9,631
	Finance receivables, gross contract	$	430,782,264		$	11,401,831		$	400,093,559		$	10,623,932
	The following tables present certain information regarding the delinquency rates experienced by the Company with respect to Contracts and under its Direct Loans, excluding Chapter 13 bankrupt accounts:
	Contracts	Gross Balance			31 – 60 days			61 – 90 days			Over 90 days			Total
		Outstanding
	September 30, 2014	$	427,196,623		$	19,923,081		$	5,241,042		$	2,844,277		$	28,008,400
						4.66	%		1.23	%		0.67	%		6.56	%
	September 30, 2013	$	397,098,910		$	15,504,636		$	2,855,032		$	1,841,390		$	20,201,058
						3.91	%		0.72	%		0.46	%		5.09	%
	Direct Loans	Gross Balance			31 – 60 days			61 – 90 days			Over 90 days			Total
		Outstanding
	September 30, 2014	$	11,369,476		$	215,570		$	77,219		$	23,852		$	316,641
						1.9	%		0.68	%		0.21	%		2.79	%
	September 30, 2013	$	10,614,301		$	104,983		$	37,604		$	21,246		$	163,833
						0.99	%		0.35	%		0.2	%		1.54	%

Line_of_Credit

Line of Credit	6 Months Ended
	Sep. 30, 2014
Line Of Credit Facility [Abstract]	'
Line of Credit	'
	5. Line of Credit
	The Company has a line of credit facility (the “Line”) up to $150,000,000. The pricing of the Line, which expires on November 30, 2014, is 300 basis points above 30-day LIBOR with a 1% floor on LIBOR (4.00% at September 30, 2014 and March 31, 2014). Pledged as collateral for this Line are all of the assets of the Company. The outstanding amount of the Line was $132,000,000 and $127,900,000 as of September 30, 2014 and March 31, 2014, respectively. The amount available under the Line was approximately $18,000,000 and $22,100,000 as of September 30, 2014 and March 31, 2014, respectively.
	The facility requires compliance with certain financial ratios and covenants and satisfaction of specified financial tests, including maintenance of asset quality and performance tests. Dividends do not require consent in writing by the agent and majority lenders under the new facility as long as the Company is in compliance with a net income covenant. As of September 30, 2014, the Company was in full compliance with all debt covenants.

Interest_Rate_Swap_Agreements

Interest Rate Swap Agreements	6 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Interest Rate Swap Agreements	'
	6. Interest Rate Swap Agreements
	The Company utilizes interest rate swap agreements to manage exposure to variability in expected cash flows attributable to interest rate risk. The interest rate swap agreements convert a portion of the floating rate debt to a fixed rate, more closely matching the interest rate characteristics of finance receivables.
	The following table summarizes the activity in the notional amounts of interest rate swap agreements:
		Six months ended September 30,
		2014			2013
	Notional amounts at April 1	$	50,000,000		$	50,000,000
	New contracts		—			—
	Matured contracts		—			—
	Notional amounts at September 30	$	50,000,000		$	50,000,000
	The Company currently has two interest rate swap agreements. A June 4, 2012 interest rate swap agreement provides for a five-year interest rate swap in which the Company pays a fixed rate of 1% and receives payments from the counterparty on the 1-month LIBOR rate. This interest rate swap agreement has an effective date of June 13, 2012 and a notional amount of $25,000,000. A July 30, 2012 agreement provides for a five-year interest rate swap in which the Company pays a fixed rate of 0.87% and receives payments from the counterparty on the 1-month LIBOR rate. This interest rate swap agreement has an effective date of August 13, 2012 and a notional amount of $25,000,000.
	The locations and amounts of (gains) losses in income are as follows:
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Periodic change in fair value of interest rate swap agreements	$	(251,408	)	$	249,616		$	(39,121	)	$	(583,643	)
	Periodic settlement differentials included in interest expense		99,846			95,725			198,838			189,039
	Total	$	-151,562		$	345,341		$	159,717		$	(394,604	)
	Net realized gains and losses from the interest rate swap agreements were recorded in the interest expense line item of the consolidated statements of income. The following table summarizes the average variable rates received and average fixed rates paid under the swap agreements.
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Variable rate received		0.15	%		0.19	%		0.15	%		0.19	%
	Fixed rate paid		0.94	%		0.94	%		0.94	%		0.94	%

Income_Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	7. Income Taxes
	The provision for income taxes decreased to approximately $2.7 million for the three months ended September 30, 2014 from approximately $2.9 million for the three months ended September 30, 2013. The Company’s effective tax rate decreased to 38.10% for the three months ended September 30, 2014 from 40.07% for the three months ended September 30, 2013. The provision for income taxes decreased to approximately $4.5 million for the six months ended September 30, 2014 from approximately $6.5 million for the six months ended September 30, 2013. The Company’s effective tax rate decreased to 32.69% for the six months ended September 30, 2014 from 39.17% for the six months ended September 30, 2013. The significant decrease in the effective tax rate for the six months ended September 30, 2014 is related to certain professional fees associated with the potential sale of the Company becoming deductible during the three months ended June 30, 2014 when the Arrangement Agreement was terminated.

Fair_Value_Disclosures

Fair Value Disclosures	6 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures	'
	8. Fair Value Disclosures
	The Company measures specific assets and liabilities at fair value, which is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When applicable, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability under a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions.
	Assets and Liabilities Recorded at Fair Value on a Recurring Basis
	The Company estimates the fair value of interest rate swap agreements based on the estimated net present value of the future cash flows using a forward interest rate yield curve in effect as of the measurement period, adjusted for nonperformance risk, if any, including a quantitative and qualitative evaluation of both the Company’s credit risk and the counterparty’s credit risk. Accordingly, the Company classifies interest rate swap agreements as Level 2.
		Fair Value Measurement Using
	Description	Level 1		Level 2		Level 3		Fair Value
	Interest rate swap agreements:
	September 30, 2014 – assets:	$	—	$	222,724	$	—	$	222,724
	March 31, 2014 – assets:	$	—	$	183,603	$	—	$	183,603
	Financial Instruments Not Measured at Fair Value
	The Company’s financial instruments consist of finance receivables and the Line. For each of these financial instruments the carrying value approximates fair value.
	Finance receivables, net approximates fair value based on the price paid to acquire indirect loans. The price paid reflects competitive market interest rates and purchase discounts for the Company’s chosen credit grade in the economic environment. This market is highly liquid as the Company acquires individual loans on a daily basis from dealers. The initial terms of the Contracts range from 12 to 72 months. The initial terms of the Direct Loans range from 6 to 48 months. In addition, there have been minimal changes in interest rates and purchase discounts related to these types of loans. If liquidated outside of the normal course of business, the amount received may not be the carrying value.
	Based on current market conditions, any new or renewed credit facility would contain pricing that approximates the Company’s current Line. Based on these market conditions, the fair value of the Line as of September 30, 2014 was estimated to be equal to the book value. The interest rate for the Line is a variable rate based on LIBOR pricing options.
		Fair Value Measurement Using
	Description	Level 1		Level 2		Level 3		Fair Value
	Finance receivables:
	30-Sep-14	$	—	$	—	$	279,182,000	$	279,182,000
	31-Mar-14	$	—	$	—	$	269,344,000	$	269,344,000
	Line of credit:
	30-Sep-14	$	—	$	132,000,000	$	—	$	132,000,000
	31-Mar-14	$	—	$	127,900,000	$	—	$	127,900,000
	Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis
	The Company may be required, from time to time, to measure certain assets and liabilities at fair value on a nonrecurring basis. The Company does not currently have any assets or liabilities measured at fair value on a nonrecurring basis.

Cash_Dividend

Cash Dividend	6 Months Ended
	Sep. 30, 2014
Dividends [Abstract]	'
Cash Dividend	'
	9. Cash Dividend
	Dividends were not declared or paid during the six months ended September 30, 2014. On May 7, 2013 the Board of Directors announced a quarterly cash dividend equal to $0.12 per common share, to be paid on June 28, 2013 to shareholders of record as of June 21, 2013. On August 13, 2013 the Board of Directors announced a quarterly cash dividend equal to $0.12 per common share, to be paid on September 27, 2013 to shareholders of record as of September 20, 2013.
	Payment of cash dividends results in a 5% withholding tax payable by the Company under the Canada-United States Income Tax Convention which is included in earnings under the caption of dividend tax.

Contingencies

Contingencies	6 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies	'
	10. Contingencies
	The Company currently is not a party to any pending legal proceedings other than ordinary routine litigation incidental to its business, none of which, if decided adversely to the Company, would, in the opinion of management, have a material adverse effect on the Company’s financial condition or results of operations.

Recently_Issued_Accounting_Sta

Recently Issued Accounting Standards	6 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
Recently Issued Accounting Standards	'
	11. Recently Issued Accounting Standards
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”. The ASU requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method. The Company will be evaluating the effect that the ASU will have on the consolidated financial statements and related disclosures.
	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” The guidance requires an entity to evaluate whether there are conditions or events, in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued and to provide related footnote disclosures in certain circumstances. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. The Company does not believe the adoption of this ASU will have a significant impact on the consolidated financial statements.
	The Company does not believe there are any other recently issued accounting standards that have not yet been adopted that will have a material impact on the Company’s consolidated financial statements.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of computation of basic and diluted earnings per share	'
		Three months ended				Six months ended
		September 30,				September 30,
		2014		2013		2014		2013
	Numerator for earnings per share – net income	$	4,329,701	$	4,316,552	$	9,238,889	$	10,017,045
	Denominator:
	Denominator for basic earnings per share – weighted average shares		12,190,800		12,092,246		12,184,581		12,078,703
	Effect of dilutive securities:		173,903		222,995		186,254		194,879
	Stock options and other share awards
	Denominator for diluted earnings per share		12,364,703		12,315,241		12,370,835		12,273,582
	Earnings per share:
	Basic	$	0.36	$	0.36	$	0.76	$	0.83
	Diluted	$	0.35	$	0.35	$	0.75	$	0.82

Finance_Receivables_Tables

Finance Receivables (Tables)	6 Months Ended
	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]	'
Schedule of finance receivables consisting of automobile finance installment Contracts and Direct Loans	'
		September 30,			March 31,
		2014			2014
	Finance receivables, gross contract	$	442,184,095		$	424,344,193
	Unearned interest		(132,735,074	)		(124,306,969	)
	Finance receivables, net of unearned interest		309,449,021			300,037,224
	Unearned dealer discounts		(17,589,609	)		(17,214,269	)
	Finance receivables, net of unearned interest and unearned dealer discounts		291,859,412			282,822,955
	Allowance for credit losses		(12,677,194	)		(13,479,360	)
	Finance receivables, net	$	279,182,218		$	269,343,595
Schedule of an assessment of the credit quality by creditworthiness	'
		September 30,						September 30,
		2014						2013
		Contracts			Direct Loans			Contracts			Direct Loans
	Performing accounts	$	419,111,304		$	11,268,405		$	392,402,488		$	10,555,451
	Non-performing accounts		8,085,319			101,071			4,696,422			58,850
	Total	$	427,196,623		$	11,369,476		$	397,098,910		$	10,614,301
	Chapter 13 bankrupt accounts		3,585,641			32,355			2,994,649			9,631
	Finance receivables, gross contract	$	430,782,264		$	11,401,831		$	400,093,559		$	10,623,932
Schedule of information regarding delinquency rates	'
	Contracts	Gross Balance			31 – 60 days			61 – 90 days			Over 90 days			Total
		Outstanding
	September 30, 2014	$	427,196,623		$	19,923,081		$	5,241,042		$	2,844,277		$	28,008,400
						4.66	%		1.23	%		0.67	%		6.56	%
	September 30, 2013	$	397,098,910		$	15,504,636		$	2,855,032		$	1,841,390		$	20,201,058
						3.91	%		0.72	%		0.46	%		5.09	%
	Direct Loans	Gross Balance			31 – 60 days			61 – 90 days			Over 90 days			Total
		Outstanding
	September 30, 2014	$	11,369,476		$	215,570		$	77,219		$	23,852		$	316,641
						1.9	%		0.68	%		0.21	%		2.79	%
	September 30, 2013	$	10,614,301		$	104,983		$	37,604		$	21,246		$	163,833
						0.99	%		0.35	%		0.2	%		1.54	%
Contracts	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'
Schedule of reconciliation of the changes in the allowance for credit losses	'
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Balance at beginning of period	$	12,933,905		$	14,811,173		$	12,889,082		$	16,090,652
	Current period provision		5,067,689			3,873,216			9,141,087			6,367,646
	Losses absorbed		(7,046,790	)		(6,029,363	)		(11,896,413	)		(10,678,339	)
	Recoveries		987,890			823,996			1,808,938			1,699,063
	Balance at end of period	$	11,942,694		$	13,479,022		$	11,942,694		$	13,479,022
Direct Loans	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'
Schedule of reconciliation of the changes in the allowance for credit losses	'
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Balance at beginning of period	$	706,960		$	591,881		$	590,278		$	467,917
	Current period provision		86,546			99,888			244,963			247,249
	Losses absorbed		(65,015	)		(42,987	)		(119,115	)		(70,573	)
	Recoveries		6,009			10,833			18,374			15,022
	Balance at end of period	$	734,500		$	659,615		$	734,500		$	659,615

Interest_Rate_Swap_Agreements_

Interest Rate Swap Agreements (Tables)	6 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of notional amounts of interest rate swaps	'
		Six months ended September 30,
		2014			2013
	Notional amounts at April 1	$	50,000,000		$	50,000,000
	New contracts		—			—
	Matured contracts		—			—
	Notional amounts at September 30	$	50,000,000		$	50,000,000
Schedule of locations and amounts of (gains) losses recognized in income	'
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Periodic change in fair value of interest rate swap agreements	$	(251,408	)	$	249,616		$	(39,121	)	$	(583,643	)
	Periodic settlement differentials included in interest expense		99,846			95,725			198,838			189,039
	Total	$	-151,562		$	345,341		$	159,717		$	(394,604	)
Schedule of variable rates received and average fixed rates paid under the swap agreements	'
		Three months ended						Six months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Variable rate received		0.15	%		0.19	%		0.15	%		0.19	%
	Fixed rate paid		0.94	%		0.94	%		0.94	%		0.94	%

Fair_Value_Disclosures_Tables

Fair Value Disclosures (Tables)	6 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule of assets and liabilities recorded at fair value on a recurring basis	'
		Fair Value Measurement Using
	Description	Level 1		Level 2		Level 3		Fair Value
	Interest rate swap agreements:
	September 30, 2014 – assets:	$	—	$	222,724	$	—	$	222,724
	March 31, 2014 – assets:	$	—	$	183,603	$	—	$	183,603
Schedule of financial instruments not measured at fair value	'
		Fair Value Measurement Using
	Description	Level 1		Level 2		Level 3		Fair Value
	Finance receivables:
	30-Sep-14	$	—	$	—	$	279,182,000	$	279,182,000
	31-Mar-14	$	—	$	—	$	269,344,000	$	269,344,000
	Line of credit:
	30-Sep-14	$	—	$	132,000,000	$	—	$	132,000,000
	31-Mar-14	$	—	$	127,900,000	$	—	$	127,900,000

Revenue_Recognition_Detail_Tex

Revenue Recognition (Detail Textuals)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Deferred Revenue Disclosure [Abstract]	'	'
Average dealer discount associated with new volume	8.16%	8.43%

Earnings_Per_Share_Basic_and_d

Earnings Per Share - Basic and diluted earnings per share (Details) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Numerator for earnings per share - net income	$4,329,701	$4,316,552	$9,238,889	$10,017,045
Denominator:	'	'	'	'
Denominator for basic earnings per share - weighted average shares	12,190,800	12,092,246	12,184,581	12,078,703
Effect of dilutive securities:	'	'	'	'
Stock options and other share awards	173,903	222,995	186,254	194,879
Denominator for diluted earnings per share	12,364,703	12,315,241	12,370,835	12,273,582
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$0.36	$0.36	$0.76	$0.83
Diluted (in dollars per share)	$0.35	$0.35	$0.75	$0.82

Earnings_Per_Share_Detail_Text

Earnings Per Share (Detail Textuals) (Stock options)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stock options	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Potential common stock from stock options not included in the diluted earnings per share calculation	92,663	10,000	58,989	78,559

Finance_Receivables_Finance_re

Finance Receivables - Finance receivables consist of automobile finance installment Contracts and Direct Loans (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Finance receivables, net	$279,182,218	$269,343,595
Finance receivables | Contracts And Direct Loans	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Finance receivables, gross contract	442,184,095	424,344,193
Unearned interest	-132,735,074	-124,306,969
Finance receivables, net of unearned interest	309,449,021	300,037,224
Unearned dealer discounts	-17,589,609	-17,214,269
Finance receivables, net of unearned interest and unearned dealer discounts	291,859,412	282,822,955
Allowance for credit losses	-12,677,194	-13,479,360
Finance receivables, net	$279,182,218	$269,343,595

Finance_Receivables_Summary_of

Finance Receivables - Summary of reconciliation of changes in allowance for credit losses on contracts (Details 1) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'	'	'
Current period provision	$5,154,235	$3,973,104	$9,386,050	$6,614,895
Finance receivables | Contracts	'	'	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'	'	'
Balance at beginning of period	12,933,905	14,811,173	12,889,082	16,090,652
Current period provision	5,067,689	3,873,216	9,141,087	6,367,646
Losses absorbed	-7,046,790	-6,029,363	-11,896,413	-10,678,339
Recoveries	987,890	823,996	1,808,938	1,699,063
Balance at end of period	$11,942,694	$13,479,022	$11,942,694	$13,479,022

Finance_Receivables_Reconcilia

Finance Receivables - Reconciliation of changes in allowance for credit losses on direct loans (Details 2) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'	'	'
Current period provision	$5,154,235	$3,973,104	$9,386,050	$6,614,895
Finance receivables | Direct Loans	'	'	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'	'	'
Balance at beginning of period	706,960	591,881	590,278	467,917
Current period provision	86,546	99,888	244,963	247,249
Losses absorbed	-65,015	-42,987	-119,115	-70,573
Recoveries	6,009	10,833	18,374	15,022
Balance at end of period	$734,500	$659,615	$734,500	$659,615

Finance_Receivables_Assessment

Finance Receivables - Assessment of credit quality by creditworthiness (Details 3) (Finance receivables, USD $)	Sep. 30, 2014	Sep. 30, 2013
Contracts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	$427,196,623	$397,098,910
Finance receivables, gross contract	430,782,264	400,093,559
Contracts | Performing accounts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	419,111,304	392,402,488
Contracts | Non-performing accounts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	8,085,319	4,696,422
Contracts | Chapter 13 bankrupt accounts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Finance receivables, gross contract	3,585,641	2,994,649
Direct Loans	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	11,369,476	10,614,301
Finance receivables, gross contract	11,401,831	10,623,932
Direct Loans | Performing accounts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	11,268,405	10,555,451
Direct Loans | Non-performing accounts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	101,071	58,850
Direct Loans | Chapter 13 bankrupt accounts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Finance receivables, gross contract	$32,355	$9,631

Finance_Receivables_Informatio

Finance Receivables - Information regarding delinquency rates with respect to contracts and direct loans (Details 4) (Finance receivables, USD $)	Sep. 30, 2014	Sep. 30, 2013
Contracts	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Gross Balance Outstanding	$427,196,623	$397,098,910
31 - 60 days	19,923,081	15,504,636
31 - 60 days (in percentage)	4.66%	3.91%
61 - 90 days	5,241,042	2,855,032
61 - 90 days (in percentage)	1.23%	0.72%
Over 90 days	2,844,277	1,841,390
Over 90 days (in percentage)	0.67%	0.46%
Total	28,008,400	20,201,058
Total (in percentage)	6.56%	5.09%
Direct Loans	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Gross Balance Outstanding	11,369,476	10,614,301
31 - 60 days	215,570	104,983
31 - 60 days (in percentage)	1.90%	0.99%
61 - 90 days	77,219	37,604
61 - 90 days (in percentage)	0.68%	0.35%
Over 90 days	23,852	21,246
Over 90 days (in percentage)	0.21%	0.20%
Total	$316,641	$163,833
Total (in percentage)	2.79%	1.54%

Finance_Receivables_Detail_Tex

Finance Receivables (Detail Textuals) (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2014	Sep. 30, 2014
			Finance receivables	Finance receivables	Finance receivables	Finance receivables	Finance receivables	Finance receivables	Finance receivables	Finance receivables
			Contracts	Contracts	Contracts	Contracts	Direct Loans	Direct Loans	Direct Loans	Direct Loans
					Minimum	Maximum			Minimum	Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'	'	'	'	'	'	'
Initial term of finance receivables	'	'	'	'	'12 months	'72 months	'	'	'6 months	'48 months
Weighted average effective interest rate	'	'	23.10%	23.08%	'	'	23.24%	26.32%	'	'
Finance receivables, net	$279,182,218	$269,343,595	'	'	'	'	'	'	$1,000	$8,000
Percentage of direct loan to aggregate principal amount of loan portfolio	'	'	'	'	'	'	3.00%	'	'	'

Finance_Receivables_Detail_Tex1

Finance Receivables (Detail Textuals 1) (Finance receivables, Contracts)	6 Months Ended
	Sep. 30, 2014
Finance receivables | Contracts	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'
Percentage of average wholesale value of automobile	95.00%

Finance_Receivables_Detail_Tex2

Finance Receivables (Detail Textuals 2)	6 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Maximum criteria for receivable to be a performing account	'61 days
Minimum criteria for receivable to be a non-performing account	'61 days
Criteria for receivable to be delinquent account	'120 days

Line_of_Credit_Detail_Textuals

Line of Credit (Detail Textuals) (USD $)	6 Months Ended
	Sep. 30, 2014	Mar. 31, 2014
Line of Credit Facility [Line Items]	'	'
Outstanding amount of line of credit facility	$132,000,000	$127,900,000
Line of credit facility	'	'
Line of Credit Facility [Line Items]	'	'
Maximum amount of line of credit facility	150,000,000	'
Debt instrument basis spread on variable rate	3.00%	'
Debt instrument description of variable rate basis	'30-day LIBOR	'
Floor on LIBOR rate	1.00%	'
Interest rate	4.00%	4.00%
Outstanding amount of line of credit facility	132,000,000	127,900,000
Amount available under the line of credit	$18,000,000	$22,100,000

Interest_Rate_Swap_Agreements_1

Interest Rate Swap Agreements - Summary of activity in notional amounts of interest rate swap agreements (Details) (Interest Rate Swap, USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jul. 30, 2012	Jun. 04, 2012
Interest Rate Swap	'	'	'	'
Derivatives Fair Value [Roll Forward]	'	'	'	'
Notional amounts at April 1	$50,000,000	$50,000,000	$25,000,000	$25,000,000
New contracts	'	'	'	'
Matured contracts	'	'	'	'
Notional amounts at September 30	$50,000,000	$50,000,000	$25,000,000	$25,000,000

Interest_Rate_Swap_Agreements_2

Interest Rate Swap Agreements - Summary of locations and amounts of gains (losses) in income (Details 1) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'	'	'
Periodic change in fair value of interest rate swap agreements	($251,408)	$249,616	($39,121)	($583,643)
Periodic settlement differentials included in interest expense	99,846	95,725	198,838	189,039
Total	($151,562)	$345,341	$159,717	($394,604)

Interest_Rate_Swap_Agreements_3

Interest Rate Swap Agreements - Summary of variable rates received and fixed rates paid under swap (Details 2) (Interest Rate Swap)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest Rate Swap	'	'	'	'
Derivative [Line Items]	'	'	'	'
Variable rate received	0.15%	0.19%	0.15%	0.19%
Fixed rate paid	0.94%	0.94%	0.94%	0.94%

Interest_Rate_Swap_Agreements_4

Interest Rate Swap Agreements (Detail Textuals) (Interest Rate Swap, USD $)	0 Months Ended	1 Months Ended
	Jun. 04, 2012	Jul. 30, 2012	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Mar. 31, 2013
			Swap
Interest Rate Swap	'	'	'	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'	'	'	'
Number of interest rate swap agreements	'	'	2	'	'	'
Interest rate swap period	'5 years	'5 years	'	'	'	'
Fixed rate paid	1.00%	0.87%	'	'	'	'
Description of rate for the variable rate of the interest rate	'1-month LIBOR rate	'1-month LIBOR rate	'	'	'	'
Derivative notional amount	$25,000,000	$25,000,000	$50,000,000	$50,000,000	$50,000,000	$50,000,000

Income_Taxes_Detail_Textuals

Income Taxes (Detail Textuals) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Provision for income taxes	$2,665,057	$2,886,484	$4,487,094	$6,451,464
Income tax rate	38.10%	40.07%	32.69%	39.17%

Fair_Value_Disclosures_Assets_

Fair Value Disclosures - Assets and liabilities recorded at fair value on recurring basis (Details) (Recurring Basis, USD $)	Sep. 30, 2014	Mar. 31, 2014
Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swap agreements - asset	'	'
Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swap agreements - asset	222,724	183,603
Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swap agreements - asset	'	'
Fair Value	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swap agreements - asset	$222,724	$183,603

Fair_Value_Disclosures_Summary

Fair Value Disclosures - Summary of financial instruments not measured at fair value (Details 1) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Level 1	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Finance receivables	'	'
Line of credit	'	'
Level 2	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Finance receivables	'	'
Line of credit	132,000,000	127,900,000
Level 3	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Finance receivables	279,182,000	269,344,000
Line of credit	'	'
Fair Value	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Finance receivables	279,182,000	269,344,000
Line of credit	$132,000,000	$127,900,000

Fair_Value_Disclosures_Detail_

Fair Value Disclosures (Detail Textuals) (Finance receivables)	6 Months Ended
	Sep. 30, 2014
Contracts | Minimum	'
Financial Instruments Not Measured At Fair Value [Line Items]	'
Initial term of finance receivables	'12 months
Contracts | Maximum	'
Financial Instruments Not Measured At Fair Value [Line Items]	'
Initial term of finance receivables	'72 months
Direct Loans | Minimum	'
Financial Instruments Not Measured At Fair Value [Line Items]	'
Initial term of finance receivables	'6 months
Direct Loans | Maximum	'
Financial Instruments Not Measured At Fair Value [Line Items]	'
Initial term of finance receivables	'48 months

Cash_Dividend_Detail_Textuals

Cash Dividend (Detail Textuals) (USD $)	0 Months Ended		6 Months Ended
	Aug. 13, 2013	7-May-13	Sep. 30, 2014
Dividends [Abstract]	'	'	'
Dividend paid in cash (in dollars per share)	$0.12	$0.12	'
Dividends payable, date declared	13-Aug-13	7-May-13	'
Dividends payable, date to be paid	27-Sep-13	28-Jun-13	'
Dividends payable, date of record	20-Sep-13	21-Jun-13	'
Withholding tax payable percentage	'	'	5.00%