Old Market Capital (OMCC) 10-K 15 Jun 15 2015 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Mar. 31, 2015	Jun. 04, 2015	Sep. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	NICHOLAS FINANCIAL INC
Entity Central Index Key	1000045
Trading Symbol	nick
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	-28
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Common Stock Shares Outstanding		12,422,085
Entity Public Float			$106,322,627
Document Type	10-K
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Mar. 31, 2014
Assets
Cash	$3,388,193	$2,635,036
Finance receivables, net	288,904,060	269,343,595
Assets held for resale	1,746,887	1,696,330
Prepaid expenses and other assets	1,143,754	891,044
Income taxes receivable	112,984	1,093,682
Property and equipment, net	872,134	869,693
Interest rate swap agreements		183,603
Deferred income taxes	6,360,579	6,716,596
Total assets	302,528,591	283,429,579
Liabilities and shareholders' equity
Line of credit	199,000,000	127,900,000
Drafts payable	2,475,573	2,338,561
Accounts payable and accrued expenses	7,841,070	8,924,919
Deferred revenues	3,143,231	2,328,544
Interest rate swap agreements	180,775
Total liabilities	212,640,649	141,492,024
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par: 5,000,000 shares authorized; none issued
Common stock, no par: 50,000,000 shares authorized; 12,415,785 and 12,220,874 shares issued respectively; 7,701,981 and 12,220,874 shares outstanding, respectively	32,655,130	31,151,781
Treasury stock: 4,713,804 common shares, at cost	-70,408,854
Retained earnings	127,641,666	110,785,774
Total shareholders' equity	89,887,942	141,937,555
Total liabilities and shareholders' equity	$302,528,591	$283,429,579

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Mar. 31, 2015	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	12,415,785	12,220,874
Common stock, shares outstanding	7,701,981	12,220,874
Treasury stock, shares	4,713,804	4,713,804

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Revenue:
Interest and fee income on finance receivables	$86,789,958	$82,628,943	$82,110,446
Expenses:
Marketing	1,562,226	1,491,216	1,452,659
Salaries and employee benefits	20,834,783	19,634,202	18,325,945
Professional fees	1,383,094	3,659,429	893,044
Administrative	9,841,867	8,898,356	8,158,268
Dividend tax		142,557	1,492,227
Provision for credit losses	20,370,530	14,979,216	13,391,875
Depreciation	366,275	317,504	284,594
Interest expense	5,970,434	5,678,188	5,120,827
Change in fair value of interest rate swap agreements	364,378	-688,455	504,852
Total operating expenses	60,693,587	54,112,213	49,624,291
Operating income before income taxes	26,096,371	28,516,730	32,486,155
Income tax expense	9,240,479	11,813,378	12,545,209
Net income	$16,855,892	$16,703,352	$19,940,946
Earnings per share:
Basic (in dollars per share)	$1.40	$1.38	$1.66
Diluted (in dollars per share)	$1.38	$1.36	$1.63
Dividends per share (in dollars per share)		$0.24	$2.46

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders' Equity (USD $)	Common Stock	Treasury Stock	Retained Earnings	Total
Balance at Mar. 31, 2012	$28,426,043		$106,837,118	$135,263,161
Balance (in shares) at Mar. 31, 2012	11,960,975
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			19,940,946	19,940,946
Issuance of common stock under stock options	612,465			612,465
Issuance of common stock under stock options (in shares)	97,594
Grants of restricted share awards, net of forfeitures (in shares)	85,000
Vested performance share awards (in shares)	10,500
Excess tax benefit on share awards, net	181,036			181,036
Share-based compensation	812,004			812,004
Cash dividend			-29,844,516	-29,844,516
Balance at Mar. 31, 2013	30,031,548		96,933,548	126,965,096
Balance (in shares) at Mar. 31, 2013	12,154,069
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			16,703,352	16,703,352
Issuance of common stock under stock options	328,913			328,913
Issuance of common stock under stock options (in shares)	66,805
Excess tax benefit on share awards, net	256,250			256,250
Share-based compensation	535,070			535,070
Cash dividend			-2,851,126	-2,851,126
Balance at Mar. 31, 2014	31,151,781		110,785,774	141,937,555
Balance (in shares) at Mar. 31, 2014	12,220,874
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			16,855,892	16,855,892
Issuance of common stock under stock options	388,608			388,608
Issuance of common stock under stock options (in shares)	150,911
Grants of restricted share awards, net of forfeitures (in shares)	44,000
Excess tax benefit on share awards, net	600,278			600,278
Share-based compensation	514,463			514,463
Common shares purchased		-70,408,854		-70,408,854
Common shares purchased (in shares)	-4,713,804
Balance at Mar. 31, 2015	$32,655,130	($70,408,854)	$127,641,666	$89,887,942
Balance (in shares) at Mar. 31, 2015	7,701,981

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net income	$16,855,892	$16,703,352	$19,940,946
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	366,275	317,504	284,594
Loss (gain) on sale of property and equipment	6,284	-64,039	-11,339
Provision for credit losses	20,370,530	14,979,216	13,391,875
Amortization of dealer discounts	-13,852,305	-13,490,892	-11,482,251
Deferred income taxes	356,017	1,710,365	696,339
Share-based compensation	514,463	535,070	812,004
Change in fair value of interest rate swap agreements	364,378	-688,455	504,852
Changes in operating assets and liabilities:
Prepaid expenses and other assets	65,683	-129,298	39,294
Accounts payable and accrued expenses	-1,083,849	1,519,340	793,150
Income taxes receivable	980,698	-990,683	394,536
Deferred revenues	814,687	964,914	281,155
Net cash provided by operating activities	25,758,753	21,366,394	25,645,155
Cash flows from investing activities:
Purchase and origination of finance contracts	-164,830,469	-156,997,870	-141,562,259
Principal payments received	138,751,779	135,991,752	131,080,264
(Increase) decrease in assets held for resale	-50,557	-492,666	169,337
Purchase of property and equipment	-442,758	-464,598	-271,003
Proceeds from sale of property and equipment	67,758	83,021	14,951
Net cash used in investing activities	-26,504,247	-21,880,361	-10,568,710
Cash flows from financing activities:
Net proceeds from line of credit	71,100,000	2,400,000	13,500,000
Payment of cash dividend		-2,851,126	-29,844,516
Increase in drafts payable	137,012	242,250	494,232
Payment of debt origination costs	-318,393	-25,000	-25,000
Proceeds from exercise of stock options	388,608	328,913	612,465
Excess tax benefits on share awards	600,278	256,250	181,036
Purchase of common shares	-70,408,854
Net cash provided by (used in) financing activities	1,498,651	351,287	-15,081,783
Net increase (decrease) in cash	753,157	-162,680	-5,338
Cash, beginning of year	2,635,036	2,797,716	2,803,054
Cash, end of year	$3,388,193	$2,635,036	$2,797,716

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	12 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation
	Nicholas Financial, Inc. (“Nicholas Financial – Canada”) is a Canadian holding company incorporated under the laws of British Columbia with two wholly owned United States subsidiaries, Nicholas Data Services, Inc. (“NDS”) and Nicholas Financial, Inc. (“NFI”). NDS is engaged principally in the development, marketing and support of computer application software. NFI is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (“Contracts”) for purchases of new and used automobiles and light trucks. To a lesser extent, NFI also offers Direct Loans and sells consumer-finance related products. Both NDS and NFI are based in Florida, U.S.A. The accompanying consolidated financial statements are stated in U.S. dollars and are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
	The Company has one reportable segment, which is the consumer finance company.
	The Company reclassified certain amounts in 2013 and 2014 to conform to the 2015 presentation including the reclassification of a reduction in the Company’s operating cash flows to financing cash flows for payments of debt origination costs in the Consolidated Cash Flows.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies
	Consolidation
	The consolidated financial statements include the accounts of Nicholas Financial – Canada and its wholly owned subsidiaries, NDS and NFI, collectively referred to as (the “Company”). All intercompany transactions and balances have been eliminated.
	Dividends
	The following cash dividends were declared during fiscal years ended March 31, 2014 and 2013. No dividends were declared during the fiscal year ended March 31, 2015.
	Fiscal Year	Date Declared		Record Date	Date Paid		Amount of
							Dividend
	2014	May 7, 2013		June 21, 2013	June 28, 2013		$	0.12
		August 13, 2013		September 20, 2013	September 27, 2013			0.12
							$	0.24
	2013	May 2, 2012		30-May-12	6-Jun-12		$	0.1
		8-Aug-12		30-Aug-12	6-Sep-12			0.12
		November 9, 2012		30-Nov-12	6-Dec-12			0.12
		December 11, 2012		21-Dec-12	28-Dec-12			2
		19-Feb-13		22-Mar-13	29-Mar-13			0.12
							$	2.46
	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.
	Tender Offer
	On March 19, 2015, the Company announced the final results of the modified “Dutch auction” tender offer for the purchase of approximately 4.7 million shares of the Company’s common shares by its principal operating subsidiary. The tender offer expired on March 13, 2015. Total payments for common shares, including costs were approximately $70,409,000. Such costs were recorded as an increase to treasury stock, reducing shareholders’ equity.
	The aggregate number of common shares purchased in the tender offer by Nicholas represented approximately 38.0% of the Company’s outstanding common shares as of March 17, 2015. Following settlement of the tender offer, the Company had approximately 7,701,981 common shares outstanding.
	Use of Estimates
	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.
	Finance Receivables
	Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2015 and March 31, 2014 are approximately $169,071,000 and $155,001,000, respectively (See Note 3).
	Allowance for Credit Losses
	The allowance for credit losses is increased by charges against earnings and decreased by charge-offs (net of recoveries). The Company aggregates Contracts into static pools consisting of Contracts purchased during a three-month period for each branch location as management considers these pools to have similar risk characteristics. Management’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral, and current economic conditions. As conditions change, the Company’s level of provisioning and allowance may change as well.
	Assets Held for Resale
	Assets held for resale are stated at net realizable value and consist primarily of automobiles that have been repossessed by the Company and are awaiting final disposition. Costs associated with repossession, transport and auction preparation expenses are reported under operating expenses in the period in which they are incurred.
	Property and Equipment
	Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the assets as follows:
	Automobiles	3 years
	Equipment	5 years
	Furniture and fixtures	7 years
	Leasehold improvements	Lesser of lease term or useful life (generally 6 - 7 years)
	Drafts Payable
	Drafts payable represent checks disbursed for loan purchases which have not yet been funded. Amounts generally clear within two business days of period end and then increase the line of credit or reduce cash.
	Income Taxes
	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases along with operating loss and tax credit carryforwards, if any. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.
	The Company recognizes tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from any such position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. It is the Company’s policy to recognize interest and penalties accrued on any uncertain tax benefits as a component of income tax expense. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits, nor has the Company recognized any related interest or penalties during the three years ended March 31, 2015.
	The Company files income tax returns in the U.S. Federal jurisdiction and various State jurisdictions. The Company is no longer subject to U.S. Federal tax examinations for years before 2011. State jurisdictions that remain subject to examination range from 2010 to 2014. The Company does not believe there will be any material changes in its unrecognized tax positions over the next 12 months.
	Revenue Recognition
	Interest income on finance receivables is recognized using the interest method. Accrual of interest income on finance receivables is suspended when a loan is contractually delinquent for 60 days or more or the collateral is repossessed, whichever is earlier, or when the account is Chapter 13 bankrupt. 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 3).
	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 dealer discount is amortized as an adjustment to yield using the interest method over the life of the loan. The average dealer discount, as a percent of the amount financed, associated with new volume for the fiscal years ended March 31, 2015, 2014, and 2013 was 8.08%, 8.44%, and 8.54%, respectively.
	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 consumer loans (“Direct Loans”) are recognized as an adjustment to the yield and are amortized over the life of the loan using the interest method.
	Sales relate principally to telephone support agreements and the sale of business forms to the Company’s customer base. The aforementioned sales of NDS represent less than 1% of the Company’s consolidated revenues.
	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:
		Fiscal Year ended March 31,
		2015			2014				2013
	Numerator for earnings per share – net income	$	16,855,892		$	16,703,352			$	19,940,946
	Denominator:
	Denominator for basic earnings per share – weighted average shares		12,012,765			12,096,372				11,977,174
	Effect of dilutive securities:
	Stock options and other share awards		178,991			228,873				241,242
	Denominator for diluted earnings per share		12,191,756			12,325,245				12,218,416
	Earnings per share – basic	$	1.4		$	1.38			$	1.66
	Earnings per share – diluted	$	1.38		$	1.36			$	1.63
	Diluted earnings per share do not include the effect of certain stock options as their impact would be anti-dilutive. Approximately 155,000, 10,000 and 120,200 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2015, 2014 and 2013 respectively, because their effect would have been anti-dilutive.
	Share-Based Payments
	The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively the vesting period). The Company estimates the fair value of option awards using the Black-Scholes option pricing model. The risk-free interest rate is based upon a U.S. Treasury instrument with a life that is similar to the expected term of the options. Expected volatility is based upon the historical volatility for the previous period equal to the expected term of the options. The expected term is based upon the average life of previously issued options. The expected dividend yield is based upon the yield expected on date of grant to occur over the term of the option. The fair value of non-vested restricted and performance shares are measured at the market price of a share on a grant date.
	The pool of excess tax benefits available to absorb future tax deficiencies is based on increases to shareholders’ equity related to tax benefits from share-based compensation, combined with the tax on the cumulative incremental compensation costs previously included in pro forma net income disclosures as if the Company had applied the fair-value method to all awards.
	Fair Value Measurements
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 (see Note 7).
Financial Instruments and Concentrations
The Company’s financial instruments consist of cash, finance receivables, accrued interest, the line of credit and, interest rate swap agreements. Financial instruments that are exposed to concentrations of credit risk are primarily finance receivables and cash.
As of March 31, 2015, the Company operated in sixteen states through sixty-six branch locations. Florida represented 32% of the finance receivables total as of March 31, 2015. Ohio represented 14%, Georgia represented 10% and North Carolina represented 9% of the finance receivables total as of March 31, 2015. Of the remaining twelve states, no one state represented more than 5% of the total finance receivables. The Company provides credit during the normal course of business and performs ongoing credit evaluations of its customers.
The Company maintains reserves for potential credit losses which, when realized, have been within the range of management’s expectations. The Company perfects a primary security interest in all vehicles financed as a form of collateral.
The combined account balances the Company maintains at financial institutions typically exceed federally insured limits, and there is a concentration of credit risk related to accounts on deposit in excess of federally insured limits. The Company has not experienced any losses in such accounts and believes this risk of loss is not significant.
Interest Rate Swap Agreements
Interest rate swap agreements are reported as either assets or liabilities in the consolidated balance sheet at fair value. Interest rate swap agreements are not designated as cash-flow hedges, and accordingly the changes in the fair value are recorded in earnings. The Company does not use interest rate swap agreements for speculative purposes (see Note 6).
Statements of Cash Flows
Cash paid for income taxes for the years ended March 31, 2015, 2014 and 2013 was approximately $7,304,000, $10,837,000 and $11,273,000, respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2015, 2014 and 2013 was approximately $6,124,000, $5,673,000 and $5,043,000, respectively.
Recent Accounting Pronouncements
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.
In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments 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.

Finance_Receivables

Finance Receivables	12 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Finance Receivables	3. Finance Receivables
	Finance receivables consist of Contracts and Direct Loans, each of which comprise a portfolio segment. Each portfolio segment consists of smaller balance homogeneous loans which are collectively evaluated for impairment.
	The Company purchases individual Contracts from new and used automobile dealers in its markets. There is no relationship between the Company and the dealer with respect to a given Contract once the assignment of that Contract is complete. The dealer has no vested interest in the performance of any Contract the Company purchases. The Company charges-off receivables when an individual account has become more than 120 days contractually delinquent. In the event of repossession, the charge-off will occur in the month in which the vehicle was repossessed.
	Contracts included in finance receivables are detailed as follows as of fiscal years ended March 31:
		2015			2014			2013
	Indirect finance receivables, gross contract	$	447,042,854		$	413,613,292		$	386,940,093
	Unearned interest		(136,895,592	)		(121,996,483	)		(111,121,493	)
	Indirect finance receivables, net of unearned interest		310,147,262			291,616,809			275,818,600
	Unearned dealer discounts		(17,779,690	)		(17,214,269	)		(16,415,169	)
	Indirect finance receivables, net of unearned interest and unearned dealer discounts		292,367,572			274,402,540			259,403,431
	Allowance for credit losses		(11,325,222	)		(12,889,082	)		(16,090,652	)
	Indirect finance receivables, net	$	281,042,350		$	261,513,458		$	243,312,779
	The terms of the Contracts range from 12 to 72 months and bear a weighted average contractual interest rate of 22.86% and 23.08% as of March 31, 2015 and 2014, respectively.
	The following table sets forth a reconciliation of the changes in the allowance for credit losses on Contracts for the fiscal years ended March 31:
		2015			2014			2013
	Balance at beginning of year	$	12,889,082		$	16,090,652		$	19,499,208
	Provision for credit losses		20,008,166			14,693,841			13,252,382
	Losses absorbed		(25,041,833	)		(21,690,010	)		(19,851,080	)
	Recoveries		3,469,807			3,794,599			3,190,142
	Balance at end of year	$	11,325,222		$	12,889,082		$	16,090,652
	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 March 31, 2015, the average model year of vehicles collateralizing the portfolio was 2007. The average loan to value ratio, which expresses the amount of the Contract as a percentage of the value of the automobile, is approximately 96%. 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 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.
	Direct Loans are also included in finance receivables and are detailed as follows as of fiscal years ended March 31:
		2015			2014			2013
	Direct finance receivables, gross contract	$	10,931,904		$	10,730,901		$	8,781,637
	Unearned interest		(2,367,404	)		(2,310,486	)		(1,800,698	)
	Direct finance receivables, net of unearned interest		8,564,500			8,420,415			6,980,939
	Allowance for credit losses		(702,790	)		(590,278	)		(467,917	)
	Direct finance receivables, net	$	7,861,710		$	7,830,137		$	6,513,022
	The terms of the Direct Loans range from 6 to 48 months and bear a weighted average contractual interest rate of 26.14% and 26.32% as of March 31, 2015 and 2014, respectively.
	The following table sets forth a reconciliation of the changes in the allowance for credit losses on Direct Loans for the fiscal years ended March 31:
		2015			2014			2013
	Balance at beginning of year	$	590,278		$	467,917		$	492,184
	Provision for credit losses		362,364			285,375			139,493
	Losses absorbed		(278,333	)		(192,156	)		(190,871	)
	Recoveries		28,481			29,142			27,111
	Balance at end of year	$	702,790		$	590,278		$	467,917
	Direct Loans are loans originated directly between the Company and the consumer. These loans are typically for amounts ranging from $1,000 to $9,000 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 Contracts due to the customer’s historical payment history with the Company; however, the underlying collateral is less valuable. 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 the 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 March 31, 2015, loans made by the Company pursuant to its Direct Loan program constituted approximately 2% 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 credit loss 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 or is a Chapter 13 bankrupt account, 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 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 as of March 31, and excludes Chapter 13 Bankrupt accounts.
		2015						2014
		Contracts			Direct Loans			Contracts			Direct Loans
	Performing accounts	$	438,317,584		$	10,855,209		$	405,691,402		$	10,656,685
	Non-performing accounts		4,765,425			56,636			4,840,819			47,860
	Total	$	443,083,009		$	10,911,845		$	410,532,221		$	10,704,545
	Chapter 13 bankrupt accounts, net of unearned interest		3,959,845			20,059			3,081,071			26,356
	Finance receivables, gross contract	$	447,042,854		$	10,931,904		$	413,613,292		$	10,730,901
	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 bankrupt accounts:
	Contracts	Gross Balance			30 – 59 days			60 – 89 days			90 + days			Total
		Outstanding
	March 31, 2015	$	443,083,009		$	13,694,370		$	3,435,332		$	1,330,093		$	18,459,795
						3.09	%		0.78	%		0.3	%		4.17	%
	31-Mar-14	$	410,532,221		$	11,713,021		$	2,944,228		$	1,896,591		$	16,553,840
						2.85	%		0.72	%		0.46	%		4.03	%
	31-Mar-13	$	386,324,595		$	10,421,500		$	2,631,617		$	1,188,160		$	14,241,277
						2.7	%		0.68	%		0.31	%		3.69	%
	Direct Loans	Gross Balance			30 – 59 days			60 – 89 days			90 + days			Total
		Outstanding
	March 31, 2015	$	10,911,845		$	122,718		$	41,984		$	14,652		$	179,354
						1.12	%		0.39	%		0.13	%		1.64	%
	31-Mar-14	$	10,704,545		$	143,624		$	25,345		$	22,515		$	191,484
						1.34	%		0.23	%		0.21	%		1.78	%
	31-Mar-13	$	8,781,637		$	72,364		$	21,509		$	13,790		$	107,663
						0.82	%		0.25	%		0.16	%		1.23	%

Property_and_Equipment

Property and Equipment	12 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	4. Property and Equipment
	Property and equipment as of March 31, 2015 and 2014 is summarized as follows:
		Cost		Accumulated		Net Book
				Depreciation		Value
	2015
	Automobiles	$	613,222	$	364,685	$	248,537
	Equipment		906,406		515,922		390,484
	Furniture and fixtures		485,696		390,864		94,832
	Leasehold improvements		1,103,259		964,978		138,281
		$	3,108,583	$	2,236,449	$	872,134
	2014
	Automobiles	$	616,512	$	289,419	$	327,093
	Equipment		914,347		625,310		289,037
	Furniture and fixtures		463,395		364,634		98,761
	Leasehold improvements		1,118,142		963,340		154,802
		$	3,112,396	$	2,242,703	$	869,693

Line_of_Credit

Line of Credit	12 Months Ended
	Mar. 31, 2015
Line Of Credit Facility [Abstract]
Line of Credit	5. Line of Credit
	On January 31, 2015 the Company executed an amendment with its consortium of lenders. Included in the amendment was an increase in the size of the credit facility (the “Line”) from $150,000,000 to $225,000,000 once the tender offer (see Note 1) became effective which was executed on March 13, 2015. The pricing of the Line, which did not change, expires on January 30, 2018, is 300 basis points above 1-month LIBOR with a 1% floor on LIBOR (4.00% at March 31, 2015 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 $199,000,000 and $127,900,000 as of March 31, 2015 and March 31, 2014, respectively. The amount available under the Line was approximately $26,000,000 and $22,100,000 as of March 31, 2015 and March 31, 2014, respectively.
	The Line 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 Line as long as the Company is in compliance with a net income covenant. As of March 31, 2015, the Company was in full compliance with all debt covenants.

Interest_Rate_Swap_Agreements

Interest Rate Swap Agreements	12 Months Ended
	Mar. 31, 2015
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 Company’s floating rate debt to a fixed rate, more closely matching the interest rate characteristics of the Company’s finance receivables. As of the twelve months ended March 31, 2015 and 2014, no new contracts were initiated and no contracts matured.
	The Company currently has two interest rate swap agreements. A June 4, 2012 interest rate swap agreement provides for a five-year term 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 term 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 (losses) gains recognized in income are detailed as follows for the fiscal years ended March 31:
		2015			2014
	Periodic change in fair value of interest rate swap agreements	$	(364,378	)	$	688,455
	Periodic settlement differentials included in interest expense		(392,797	)		(383,028	)
	(Loss) gain recognized in income	$	(757,175	)	$	305,427
	Net realized losses and gains 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 interest rate swap agreements as of March 31:
		2015			2014
	Average variable rate received		0.16	%		0.18	%
	Average fixed rate paid		0.94	%		0.94	%

Fair_Value_Disclosures

Fair Value Disclosures	12 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures	7. Fair Value Disclosures
	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:
	March 31, 2015 – liability:	$	—	$	(180,775	)	$	—	$	(180,775	)
	March 31, 2014 – asset:	$	—	$	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 Contracts. 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 decreases in interest rates and purchase discounts related to these types of loans due to the competitive nature of the current market. 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 March 31, 2015 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
	Cash:
	31-Mar-15	$	3,388,193	$	—		$	—	$	3,388,193
	31-Mar-14	$	2,635,036	$	—		$	—	$	2,635,036
	Finance receivables:
	31-Mar-15	$	—	$	—		$	288,904,000	$	288,904,000
	31-Mar-14	$	—	$	—		$	269,344,000	$	269,344,000
	Line of credit:
	31-Mar-15	$	—	$	199,000,000		$	—	$	199,000,000
	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 did not have any assets or liabilities measured at fair value on a nonrecurring basis as of March 31, 2015 and 2014.

Income_Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes
	The provision for income taxes consists of the following for the years ended March 31:
		2015			2014			2013
	Current:
	Federal	$	7,688,428		$	8,709,338		$	10,187,010
	State		1,196,034			1,393,675			1,661,860
	Total current		8,884,462			10,103,013			11,848,870
	Deferred:
	Federal		308,090			1,474,425			598,674
	State		47,927			235,940			97,665
	Total deferred		356,017			1,710,365			696,339
	Income tax expense	$	9,240,479		$	11,813,378		$	12,545,209
	The net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes are reflected in deferred income taxes. Significant components of the Company’s deferred tax assets consist of the following as of March 31:
		2015			2014
	Allowance for credit losses not currently deductible for tax purposes	$	5,552,437		$	6,106,725
	Share-based compensation		514,259			443,623
	Interest rate swap agreements		69,201			(70,283	)
	Other items		224,682			236,531
	Deferred income taxes	$	6,360,579		$	6,716,596
	The provision for income taxes reflects an effective U.S tax rate, which differs from the corporate tax rate for the following reasons:
		2015			2014			2013
	Provision for income taxes at Federal statutory rate	$	9,133,730		$	9,980,855		$	11,370,154
	Increase (decrease) resulting from:
	State income taxes, net of Federal benefit		808,574			1,059,249			1,143,692
	Transaction costs		(733,689	)		733,689			—
	Other		31,864			39,585			31,363
	Income tax expense	$	9,240,479		$	11,813,378		$	12,545,209
	The Company’s effective tax rate decreased to 35.41% in fiscal 2015 from 41.43% in fiscal 2014 and 38.61% in fiscal 2013. The Company had approximately $2,096,000 of previously non-deductible expenses associated with the potential sale of the Company in 2014 (see Note 12). Since the sale of the Company was not consummated, the $2,096,000 became deductible in 2015 creating a favorable effective tax rate.

ShareBased_Payments

Share-Based Payments	12 Months Ended
	Mar. 31, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Share-Based Payments	9. Share-Based Payments
	The Company has share awards outstanding under three share-based compensation plans (the “Equity Plans”). The Company believes that such awards better align the interests of its employees with those of its shareholders. Under the shareholder-approved 1998 Employee Stock Option Plan and Non-Employee Director Stock Option Plan (collectively the “1998 Plans”) the Board of Directors was authorized to grant option awards for up to 1,551,000 common shares to employees and directors. On August 9, 2006, the Company’s shareholders approved the Nicholas Financial, Inc. Equity Incentive Plan (the “2006 Plan”) for employees and non-employee directors. Under the 2006 Plan, the Board of Directors is authorized to grant total share awards for up to 1,072,500 common shares. The 2006 Plan replaced the 1998 Plans; accordingly no additional option awards may be granted under the 1998 Plans. In addition to option awards, the 2006 Plan provides for restricted stock and performance share awards.
	Option awards previously granted to employees and directors under the 1998 Plans generally vest ratably based on service over a five- and three-year period, respectively, and generally have a contractual term of ten years. Vesting and contractual terms for option awards under the 2006 Plan are essentially the same as those of the 1998 Plans. Restricted stock awards generally cliff vest over a three-year period based on service conditions. The annual vesting of performance share awards is contingent upon the attainment of company-wide performance goals including annual revenue growth and operating income targets. There are no post-vesting restrictions for share awards.
	The Company funds share awards from authorized but unissued shares and does not purchase shares to fulfill the obligations of the plans. Cash dividends, if any, are not paid on unvested performance shares or unexercised options, but are paid on unvested restricted stock awards.
	The Company did not grant any options during the year ended March 31, 2014. The fair value of each option granted was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
		2015			2013
	Risk-free interest rate		1.68	%		0.71	%
	Weighted average expected original term		5 years			5 years
	Expected volatility		23	%		48	%
	Expected dividend yield		3.65	%		3.2	%
	A summary of option activity under the Equity Plans as of March 31, 2015, and changes during the year are presented below.
	Options	Shares			Weighted			Weighted		Aggregate
					Average			Average		Intrinsic
					Exercise			Remaining		Value
					Price			Contractual
								Term
	Outstanding at March 31, 2014		372,881		$	5.45
	Granted		145,000		$	13.62
	Exercised		(150,911	)	$	2.58
	Forfeited		(3,480	)	$	9.49
	Outstanding at March 31, 2015		363,490		$	9.86			6.53	$	1,537,174
	Exercisable at March 31, 2015		166,957		$	6.27			3.95	$	1,292,143
	The Company granted 145,000 options with a weighted average fair value of $1.88 during the year ended March 31, 2015. The total intrinsic value of options exercised during the years ended March 31, 2015, 2014 and 2013 was approximately $1,829,000, $699,000 and $685,000 respectively.
	During the fiscal year ended March 31, 2015, 150,911 options were exercised at exercise prices ranging from $0.35 to $10.96 per share. During the same period 3,480 options were forfeited at exercise prices ranging from $3.60 to $10.87 per share.
	Cash received from options exercised during the fiscal years ended March 31, 2015, 2014 and 2013 totaled approximately $389,000, $329,000 and $612,000, respectively. Related income tax benefits during the same periods totaled approximately $700,000, $267,000 and $262,000, respectively. Such amounts are included in proceeds from exercise of stock options and excess tax benefit on share awards under cash flows from financing activities in the consolidated statements of cash flows. As of March 31, 2015, there was approximately $374,000 of total unrecognized compensation cost related to options granted. That cost is expected to be recognized over a weighted-average period of approximately 3.3 years.
	A summary of the status of the Company’s non-vested restricted shares under the 2006 Plan as of March 31, 2015, and changes during the year then ended is presented below.
	Restricted Share Awards	Shares			Weighted			Weighted		Aggregate
					Average			Average		Intrinsic
					Grant Date			Remaining		Value
					Fair Value			Contractual
								Term
	Non-vested at March 31, 2014		50,000		$	12.92
	Granted		44,000		$	14.22
	Vested		(5,000	)	$	12.87
	Forfeited		—		$	—
	Non-vested at March 31, 2015		89,000		$	13.56			1.64	$	1,246,890
	The Company awarded 44,000 restricted shares during the fiscal year ended March 31, 2015. During the same period no restricted shares were forfeited.
	As of March 31, 2015, there was approximately $581,000 of total unrecognized compensation cost related to non-vested restricted share awards granted under the 2006 Plan. That cost is expected to be recognized over a weighted-average period of approximately 1.64 years.
	The Company did not award any performance shares during the fiscal year ended March 31, 2015 or March 31, 2014 and none are non-vested.
	As of March 31, 2015, there was no unrecognized compensation cost related to non-vested performance share awards granted under the 2006 Plan.

Employee_Benefit_Plans

Employee Benefit Plans	12 Months Ended
	Mar. 31, 2015
Employee Benefits and Share-Based Compensation [Abstract]
Employee Benefit Plans	10. Employee Benefit Plans
	The Company has a 401(k) retirement plan under which all employees are eligible to participate. Employee contributions are voluntary and subject to Internal Revenue Service limitations. The Company matches, based on annually determined factors, employee contributions provided the employee completes certain levels of service annually. For the plan (calendar) years 2015, 2014 and 2013, the Board of Directors suspended the Company’s matching. The Board will re-evaluate the Company’s matching policy for plan year 2016 later this year. For the fiscal years ended March 31, 2015, 2014 and 2013, the Company recorded expenses of approximately $7,000, $7,000, and $6,500, respectively, related to this plan.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies
	The Company leases corporate and branch offices under operating lease agreements which provide for annual minimum rental payments as follows:
	Fiscal Year ending March 31:
	2016	$	1,936,435
	2017		1,290,195
	2018		901,413
	2019		622,110
	2020		398,862
		$	5,149,015
	Rent expense for the fiscal years ended March 31, 2015, 2014, and 2013 was approximately $2,128,000, $1,995,000 and $1,933,000 respectively. The Company recognizes rent expense on a straight-line basis over the term of the lease, taking into account, when applicable, lessor incentives for tenant improvements, periods where no rent payment is required and escalations in rent payments over the term of the lease.
	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.

Arrangement_Agreement

Arrangement Agreement	12 Months Ended
	Mar. 31, 2015
Arrangement Agreement [Abstract]
Arrangement Agreement	12. Arrangement Agreement
	On December 17, 2013, the Company entered into an arrangement agreement (the “Arrangement Agreement”), whereby the Company agreed to sell all of its issued and outstanding Common Shares to an indirect wholly-owned subsidiary of Prospect Capital Corporation (“Prospect”), pursuant to a plan of arrangement (the “Arrangement”) under the Business Corporation Act (British Columbia).
	The termination deadline for completion of the Arrangement was June 12, 2014. On June 11, 2014, the Company’s Board of Directors determined to terminate the Arrangement Agreement effective immediately on the basis that certain conditions requisite to consummation of the Arrangement could not be satisfied by the termination deadline. The Board of Directors further determined to continue to retain Janney Montgomery Scott LLC as its independent financial advisor to assist the Board in evaluating strategic alternatives for the Company, including, but not limited to, the possible sale of the Company to Prospect or another third party, potential acquisition and expansion opportunities, and/or a possible debt or equity financing.

Quarterly_Results_of_Operation

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Mar. 31, 2015
Quarterly Financial Data [Abstract]
Quarterly Results of Operations (Unaudited)	13. Quarterly Results of Operations (Unaudited)
		Fiscal Year ended March 31, 2015
		First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Total revenue	$	21,332,514	$	21,723,072	$	21,800,765	$	21,933,607
	Interest expense		1,448,585		1,485,193		1,457,919		1,578,737
	Provision for credit losses		4,231,815		5,154,235		5,796,648		5,187,832
	Non-interest expense		8,920,889		8,088,886		8,407,719		8,935,129
	Operating income before income taxes		6,731,225		6,994,758		6,138,479		6,231,909
	Income tax expense		1,822,037		2,665,057		2,368,923		2,384,462
	Net income	$	4,909,188	$	4,329,701	$	3,769,556	$	3,847,447
	Earnings per share:
	Basic	$	0.4	$	0.36	$	0.31	$	0.34
	Diluted	$	0.4	$	0.35	$	0.3	$	0.33
	Dividends per share	$	—	$	—	$	—	$	—
		Fiscal Year ended March 31, 2014
		First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Total revenue	$	20,475,735	$	20,948,924	$	20,761,230	$	20,443,054
	Interest expense		1,404,906		1,442,898		1,441,175		1,389,209
	Provision for credit losses		2,641,791		3,973,104		4,183,035		4,181,286
	Non-interest expense		7,163,565		8,329,886		8,477,233		9,484,125
	Operating income before income taxes		9,265,473		7,203,036		6,659,787		5,388,434
	Income tax expense		3,564,980		2,886,484		2,833,019		2,528,895
	Net income	$	5,700,493	$	4,316,552	$	3,826,768	$	2,859,539
	Earnings per share:
	Basic	$	0.47	$	0.36	$	0.32	$	0.24
	Diluted	$	0.46	$	0.35	$	0.31	$	0.23
	Dividends per share	$	0.12	$	0.12	$	—	$	—

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Consolidation	Consolidation
	The consolidated financial statements include the accounts of Nicholas Financial – Canada and its wholly owned subsidiaries, NDS and NFI, collectively referred to as (the “Company”). All intercompany transactions and balances have been eliminated.
Dividends	Dividends
	The following cash dividends were declared during fiscal years ended March 31, 2014 and 2013. No dividends were declared during the fiscal year ended March 31, 2015.
	Fiscal Year	Date Declared		Record Date	Date Paid		Amount of
							Dividend
	2014	May 7, 2013		June 21, 2013	June 28, 2013		$	0.12
		August 13, 2013		September 20, 2013	September 27, 2013			0.12
							$	0.24
	2013	May 2, 2012		30-May-12	6-Jun-12		$	0.1
		8-Aug-12		30-Aug-12	6-Sep-12			0.12
		November 9, 2012		30-Nov-12	6-Dec-12			0.12
		December 11, 2012		21-Dec-12	28-Dec-12			2
		19-Feb-13		22-Mar-13	29-Mar-13			0.12
							$	2.46
	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.
Tender Offer	Tender Offer
	On March 19, 2015, the Company announced the final results of the modified “Dutch auction” tender offer for the purchase of approximately 4.7 million shares of the Company’s common shares by its principal operating subsidiary. The tender offer expired on March 13, 2015. Total payments for common shares, including costs were approximately $70,409,000. Such costs were recorded as an increase to treasury stock, reducing shareholders’ equity.
	The aggregate number of common shares purchased in the tender offer by Nicholas represented approximately 38.0% of the Company’s outstanding common shares as of March 17, 2015. Following settlement of the tender offer, the Company had approximately 7,701,981 common shares outstanding.
Use of Estimates	Use of Estimates
	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.
Finance Receivables	Finance Receivables
	Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2015 and March 31, 2014 are approximately $169,071,000 and $155,001,000, respectively (See Note 3).
Allowance for Credit Losses	Allowance for Credit Losses
	The allowance for credit losses is increased by charges against earnings and decreased by charge-offs (net of recoveries). The Company aggregates Contracts into static pools consisting of Contracts purchased during a three-month period for each branch location as management considers these pools to have similar risk characteristics. Management’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral, and current economic conditions. As conditions change, the Company’s level of provisioning and allowance may change as well.
Assets Held for Resale	Assets Held for Resale
	Assets held for resale are stated at net realizable value and consist primarily of automobiles that have been repossessed by the Company and are awaiting final disposition. Costs associated with repossession, transport and auction preparation expenses are reported under operating expenses in the period in which they are incurred.
Property and Equipment	Property and Equipment
	Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the assets as follows:
	Automobiles	3 years
	Equipment	5 years
	Furniture and fixtures	7 years
	Leasehold improvements	Lesser of lease term or useful life (generally 6 - 7 years)
Drafts Payable	Drafts Payable
	Drafts payable represent checks disbursed for loan purchases which have not yet been funded. Amounts generally clear within two business days of period end and then increase the line of credit or reduce cash.
Income Taxes	Income Taxes
	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases along with operating loss and tax credit carryforwards, if any. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.
	The Company recognizes tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from any such position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. It is the Company’s policy to recognize interest and penalties accrued on any uncertain tax benefits as a component of income tax expense. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits, nor has the Company recognized any related interest or penalties during the three years ended March 31, 2015.
	The Company files income tax returns in the U.S. Federal jurisdiction and various State jurisdictions. The Company is no longer subject to U.S. Federal tax examinations for years before 2011. State jurisdictions that remain subject to examination range from 2010 to 2014. The Company does not believe there will be any material changes in its unrecognized tax positions over the next 12 months.
Revenue Recognition	Revenue Recognition
	Interest income on finance receivables is recognized using the interest method. Accrual of interest income on finance receivables is suspended when a loan is contractually delinquent for 60 days or more or the collateral is repossessed, whichever is earlier, or when the account is Chapter 13 bankrupt. 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 3).
	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 dealer discount is amortized as an adjustment to yield using the interest method over the life of the loan. The average dealer discount, as a percent of the amount financed, associated with new volume for the fiscal years ended March 31, 2015, 2014, and 2013 was 8.08%, 8.44%, and 8.54%, respectively.
	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 consumer loans (“Direct Loans”) are recognized as an adjustment to the yield and are amortized over the life of the loan using the interest method.
	Sales relate principally to telephone support agreements and the sale of business forms to the Company’s customer base. The aforementioned sales of NDS represent less than 1% of the Company’s consolidated revenues.
Earnings Per Share	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:
		Fiscal Year ended March 31,
		2015			2014				2013
	Numerator for earnings per share – net income	$	16,855,892		$	16,703,352			$	19,940,946
	Denominator:
	Denominator for basic earnings per share – weighted average shares		12,012,765			12,096,372				11,977,174
	Effect of dilutive securities:
	Stock options and other share awards		178,991			228,873				241,242
	Denominator for diluted earnings per share		12,191,756			12,325,245				12,218,416
	Earnings per share – basic	$	1.4		$	1.38			$	1.66
	Earnings per share – diluted	$	1.38		$	1.36			$	1.63
	Diluted earnings per share do not include the effect of certain stock options as their impact would be anti-dilutive. Approximately 155,000, 10,000 and 120,200 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2015, 2014 and 2013 respectively, because their effect would have been anti-dilutive.
Share-Based Payments	Share-Based Payments
	The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively the vesting period). The Company estimates the fair value of option awards using the Black-Scholes option pricing model. The risk-free interest rate is based upon a U.S. Treasury instrument with a life that is similar to the expected term of the options. Expected volatility is based upon the historical volatility for the previous period equal to the expected term of the options. The expected term is based upon the average life of previously issued options. The expected dividend yield is based upon the yield expected on date of grant to occur over the term of the option. The fair value of non-vested restricted and performance shares are measured at the market price of a share on a grant date.
	The pool of excess tax benefits available to absorb future tax deficiencies is based on increases to shareholders’ equity related to tax benefits from share-based compensation, combined with the tax on the cumulative incremental compensation costs previously included in pro forma net income disclosures as if the Company had applied the fair-value method to all awards.
Fair Value Measurements	Fair Value Measurements
	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 (see Note 7).
Financial Instruments and Concentrations	Financial Instruments and Concentrations
	The Company’s financial instruments consist of cash, finance receivables, accrued interest, the line of credit and, interest rate swap agreements. Financial instruments that are exposed to concentrations of credit risk are primarily finance receivables and cash.
	As of March 31, 2015, the Company operated in sixteen states through sixty-six branch locations. Florida represented 32% of the finance receivables total as of March 31, 2015. Ohio represented 14%, Georgia represented 10% and North Carolina represented 9% of the finance receivables total as of March 31, 2015. Of the remaining twelve states, no one state represented more than 5% of the total finance receivables. The Company provides credit during the normal course of business and performs ongoing credit evaluations of its customers.
	The Company maintains reserves for potential credit losses which, when realized, have been within the range of management’s expectations. The Company perfects a primary security interest in all vehicles financed as a form of collateral.
	The combined account balances the Company maintains at financial institutions typically exceed federally insured limits, and there is a concentration of credit risk related to accounts on deposit in excess of federally insured limits. The Company has not experienced any losses in such accounts and believes this risk of loss is not significant.
Interest Rate Swap Agreements	Interest Rate Swap Agreements
	Interest rate swap agreements are reported as either assets or liabilities in the consolidated balance sheet at fair value. Interest rate swap agreements are not designated as cash-flow hedges, and accordingly the changes in the fair value are recorded in earnings. The Company does not use interest rate swap agreements for speculative purposes (see Note 6).
Statements of Cash Flows	Statements of Cash Flows
	Cash paid for income taxes for the years ended March 31, 2015, 2014 and 2013 was approximately $7,304,000, $10,837,000 and $11,273,000, respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2015, 2014 and 2013 was approximately $6,124,000, $5,673,000 and $5,043,000, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	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.
	In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments 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.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of cash dividends declared
	Fiscal Year	Date Declared		Record Date	Date Paid		Amount of
							Dividend
	2014	May 7, 2013		June 21, 2013	June 28, 2013		$	0.12
		August 13, 2013		September 20, 2013	September 27, 2013			0.12
							$	0.24
	2013	May 2, 2012		30-May-12	6-Jun-12		$	0.1
		8-Aug-12		30-Aug-12	6-Sep-12			0.12
		November 9, 2012		30-Nov-12	6-Dec-12			0.12
		December 11, 2012		21-Dec-12	28-Dec-12			2
		19-Feb-13		22-Mar-13	29-Mar-13			0.12
							$	2.46
Schedule of property and equipment estimated useful lives
	Automobiles	3 years
	Equipment	5 years
	Furniture and fixtures	7 years
	Leasehold improvements	Lesser of lease term or useful life (generally 6 - 7 years)
Schedule of computation of basic and diluted earnings per share
		Fiscal Year ended March 31,
		2015			2014				2013
	Numerator for earnings per share – net income	$	16,855,892		$	16,703,352			$	19,940,946
	Denominator:
	Denominator for basic earnings per share – weighted average shares		12,012,765			12,096,372				11,977,174
	Effect of dilutive securities:
	Stock options and other share awards		178,991			228,873				241,242
	Denominator for diluted earnings per share		12,191,756			12,325,245				12,218,416
	Earnings per share – basic	$	1.4		$	1.38			$	1.66
	Earnings per share – diluted	$	1.38		$	1.36			$	1.63

Finance_Receivables_Tables

Finance Receivables (Tables)	12 Months Ended
	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of finance receivables
		2015			2014			2013
	Indirect finance receivables, gross contract	$	447,042,854		$	413,613,292		$	386,940,093
	Unearned interest		(136,895,592	)		(121,996,483	)		(111,121,493	)
	Indirect finance receivables, net of unearned interest		310,147,262			291,616,809			275,818,600
	Unearned dealer discounts		(17,779,690	)		(17,214,269	)		(16,415,169	)
	Indirect finance receivables, net of unearned interest and unearned dealer discounts		292,367,572			274,402,540			259,403,431
	Allowance for credit losses		(11,325,222	)		(12,889,082	)		(16,090,652	)
	Indirect finance receivables, net	$	281,042,350		$	261,513,458		$	243,312,779
Schedule of an assessment of the credit quality by creditworthiness
		2015						2014
		Contracts			Direct Loans			Contracts			Direct Loans
	Performing accounts	$	438,317,584		$	10,855,209		$	405,691,402		$	10,656,685
	Non-performing accounts		4,765,425			56,636			4,840,819			47,860
	Total	$	443,083,009		$	10,911,845		$	410,532,221		$	10,704,545
	Chapter 13 bankrupt accounts, net of unearned interest		3,959,845			20,059			3,081,071			26,356
	Finance receivables, gross contract	$	447,042,854		$	10,931,904		$	413,613,292		$	10,730,901
Schedule of information regarding delinquency rates
	Contracts	Gross Balance			30 – 59 days			60 – 89 days			90 + days			Total
		Outstanding
	March 31, 2015	$	443,083,009		$	13,694,370		$	3,435,332		$	1,330,093		$	18,459,795
						3.09	%		0.78	%		0.3	%		4.17	%
	31-Mar-14	$	410,532,221		$	11,713,021		$	2,944,228		$	1,896,591		$	16,553,840
						2.85	%		0.72	%		0.46	%		4.03	%
	31-Mar-13	$	386,324,595		$	10,421,500		$	2,631,617		$	1,188,160		$	14,241,277
						2.7	%		0.68	%		0.31	%		3.69	%
	Direct Loans	Gross Balance			30 – 59 days			60 – 89 days			90 + days			Total
		Outstanding
	March 31, 2015	$	10,911,845		$	122,718		$	41,984		$	14,652		$	179,354
						1.12	%		0.39	%		0.13	%		1.64	%
	31-Mar-14	$	10,704,545		$	143,624		$	25,345		$	22,515		$	191,484
						1.34	%		0.23	%		0.21	%		1.78	%
	31-Mar-13	$	8,781,637		$	72,364		$	21,509		$	13,790		$	107,663
						0.82	%		0.25	%		0.16	%		1.23	%
Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of reconciliation of the changes in the allowance for credit losses
		2015			2014			2013
	Balance at beginning of year	$	12,889,082		$	16,090,652		$	19,499,208
	Provision for credit losses		20,008,166			14,693,841			13,252,382
	Losses absorbed		(25,041,833	)		(21,690,010	)		(19,851,080	)
	Recoveries		3,469,807			3,794,599			3,190,142
	Balance at end of year	$	11,325,222		$	12,889,082		$	16,090,652
Direct Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of finance receivables
		2015			2014			2013
	Direct finance receivables, gross contract	$	10,931,904		$	10,730,901		$	8,781,637
	Unearned interest		(2,367,404	)		(2,310,486	)		(1,800,698	)
	Direct finance receivables, net of unearned interest		8,564,500			8,420,415			6,980,939
	Allowance for credit losses		(702,790	)		(590,278	)		(467,917	)
	Direct finance receivables, net	$	7,861,710		$	7,830,137		$	6,513,022
Schedule of reconciliation of the changes in the allowance for credit losses
		2015			2014			2013
	Balance at beginning of year	$	590,278		$	467,917		$	492,184
	Provision for credit losses		362,364			285,375			139,493
	Losses absorbed		(278,333	)		(192,156	)		(190,871	)
	Recoveries		28,481			29,142			27,111
	Balance at end of year	$	702,790		$	590,278		$	467,917

Property_and_Equipment_Tables

Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment
		Cost		Accumulated		Net Book
				Depreciation		Value
	2015
	Automobiles	$	613,222	$	364,685	$	248,537
	Equipment		906,406		515,922		390,484
	Furniture and fixtures		485,696		390,864		94,832
	Leasehold improvements		1,103,259		964,978		138,281
		$	3,108,583	$	2,236,449	$	872,134
	2014
	Automobiles	$	616,512	$	289,419	$	327,093
	Equipment		914,347		625,310		289,037
	Furniture and fixtures		463,395		364,634		98,761
	Leasehold improvements		1,118,142		963,340		154,802
		$	3,112,396	$	2,242,703	$	869,693

Interest_Rate_Swap_Agreements_

Interest Rate Swap Agreements (Tables)	12 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of locations and amounts of (gains) losses recognized in income
		2015			2014
	Periodic change in fair value of interest rate swap agreements	$	(364,378	)	$	688,455
	Periodic settlement differentials included in interest expense		(392,797	)		(383,028	)
	(Loss) gain recognized in income	$	(757,175	)	$	305,427
Schedule of variable rates received and average fixed rates paid under the swap agreements
		2015			2014
	Average variable rate received		0.16	%		0.18	%
	Average fixed rate paid		0.94	%		0.94	%

Fair_Value_Disclosures_Tables

Fair Value Disclosures (Tables)	12 Months Ended
	Mar. 31, 2015
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:
	March 31, 2015 – liability:	$	—	$	(180,775	)	$	—	$	(180,775	)
	March 31, 2014 – asset:	$	—	$	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
	Cash:
	31-Mar-15	$	3,388,193	$	—		$	—	$	3,388,193
	31-Mar-14	$	2,635,036	$	—		$	—	$	2,635,036
	Finance receivables:
	31-Mar-15	$	—	$	—		$	288,904,000	$	288,904,000
	31-Mar-14	$	—	$	—		$	269,344,000	$	269,344,000
	Line of credit:
	31-Mar-15	$	—	$	199,000,000		$	—	$	199,000,000
	31-Mar-14	$	—	$	127,900,000		$	—	$	127,900,000

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes
		2015			2014			2013
	Current:
	Federal	$	7,688,428		$	8,709,338		$	10,187,010
	State		1,196,034			1,393,675			1,661,860
	Total current		8,884,462			10,103,013			11,848,870
	Deferred:
	Federal		308,090			1,474,425			598,674
	State		47,927			235,940			97,665
	Total deferred		356,017			1,710,365			696,339
	Income tax expense	$	9,240,479		$	11,813,378		$	12,545,209
Schedule of deferred tax assets and liabilities
		2015			2014
	Allowance for credit losses not currently deductible for tax purposes	$	5,552,437		$	6,106,725
	Share-based compensation		514,259			443,623
	Interest rate swap agreements		69,201			(70,283	)
	Other items		224,682			236,531
	Deferred income taxes	$	6,360,579		$	6,716,596
Schedule of provision for income taxes reflects an effective tax rate
		2015			2014			2013
	Provision for income taxes at Federal statutory rate	$	9,133,730		$	9,980,855		$	11,370,154
	Increase (decrease) resulting from:
	State income taxes, net of Federal benefit		808,574			1,059,249			1,143,692
	Transaction costs		(733,689	)		733,689			—
	Other		31,864			39,585			31,363
	Income tax expense	$	9,240,479		$	11,813,378		$	12,545,209

ShareBased_Payments_Tables

Share-Based Payments (Tables)	12 Months Ended
	Mar. 31, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of grant using the black scholes option-pricing model with weighted-average assumptions
		2015			2013
	Risk-free interest rate		1.68	%		0.71	%
	Weighted average expected original term		5 years			5 years
	Expected volatility		23	%		48	%
	Expected dividend yield		3.65	%		3.2	%
Schedule of option activity under the equity plans
	Options	Shares			Weighted			Weighted		Aggregate
					Average			Average		Intrinsic
					Exercise			Remaining		Value
					Price			Contractual
								Term
	Outstanding at March 31, 2014		372,881		$	5.45
	Granted		145,000		$	13.62
	Exercised		(150,911	)	$	2.58
	Forfeited		(3,480	)	$	9.49
	Outstanding at March 31, 2015		363,490		$	9.86			6.53	$	1,537,174
	Exercisable at March 31, 2015		166,957		$	6.27			3.95	$	1,292,143
Schedule of non-vested restricted shares under the 2006 plan
	Restricted Share Awards	Shares			Weighted			Weighted		Aggregate
					Average			Average		Intrinsic
					Grant Date			Remaining		Value
					Fair Value			Contractual
								Term
	Non-vested at March 31, 2014		50,000		$	12.92
	Granted		44,000		$	14.22
	Vested		(5,000	)	$	12.87
	Forfeited		—		$	—
	Non-vested at March 31, 2015		89,000		$	13.56			1.64	$	1,246,890

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rental payments under operating lease
	Fiscal Year ending March 31:
	2016	$	1,936,435
	2017		1,290,195
	2018		901,413
	2019		622,110
	2020		398,862
		$	5,149,015

Quarterly_Results_of_Operation1

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Mar. 31, 2015
Quarterly Financial Data [Abstract]
Schedule of quarterly results of operations
		Fiscal Year ended March 31, 2015
		First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Total revenue	$	21,332,514	$	21,723,072	$	21,800,765	$	21,933,607
	Interest expense		1,448,585		1,485,193		1,457,919		1,578,737
	Provision for credit losses		4,231,815		5,154,235		5,796,648		5,187,832
	Non-interest expense		8,920,889		8,088,886		8,407,719		8,935,129
	Operating income before income taxes		6,731,225		6,994,758		6,138,479		6,231,909
	Income tax expense		1,822,037		2,665,057		2,368,923		2,384,462
	Net income	$	4,909,188	$	4,329,701	$	3,769,556	$	3,847,447
	Earnings per share:
	Basic	$	0.4	$	0.36	$	0.31	$	0.34
	Diluted	$	0.4	$	0.35	$	0.3	$	0.33
	Dividends per share	$	—	$	—	$	—	$	—
		Fiscal Year ended March 31, 2014
		First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Total revenue	$	20,475,735	$	20,948,924	$	20,761,230	$	20,443,054
	Interest expense		1,404,906		1,442,898		1,441,175		1,389,209
	Provision for credit losses		2,641,791		3,973,104		4,183,035		4,181,286
	Non-interest expense		7,163,565		8,329,886		8,477,233		9,484,125
	Operating income before income taxes		9,265,473		7,203,036		6,659,787		5,388,434
	Income tax expense		3,564,980		2,886,484		2,833,019		2,528,895
	Net income	$	5,700,493	$	4,316,552	$	3,826,768	$	2,859,539
	Earnings per share:
	Basic	$	0.47	$	0.36	$	0.32	$	0.24
	Diluted	$	0.46	$	0.35	$	0.31	$	0.23
	Dividends per share	$	0.12	$	0.12	$	—	$	—

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation (Detail Textuals)	12 Months Ended
	Mar. 31, 2015
	Segment
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Number of reportable segments	1

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Dividends Payable [Line Items]
Amount of Dividend	$0.24	$2.46
7-May-13
Dividends Payable [Line Items]
Amount of Dividend	$0.12
Date Declared	7-May-13
Record Date	21-Jun-13
Date Paid	28-Jun-13
13-Aug-13
Dividends Payable [Line Items]
Amount of Dividend	$0.12
Date Declared	13-Aug-13
Record Date	20-Sep-13
Date Paid	27-Sep-13
2-May-12
Dividends Payable [Line Items]
Amount of Dividend		$0.10
Date Declared		2-May-12
Record Date		30-May-12
Date Paid		6-Jun-12
8-Aug-12
Dividends Payable [Line Items]
Amount of Dividend		$0.12
Date Declared		8-Aug-12
Record Date		30-Aug-12
Date Paid		6-Sep-12
9-Nov-12
Dividends Payable [Line Items]
Amount of Dividend		$0.12
Date Declared		9-Nov-12
Record Date		30-Nov-12
Date Paid		6-Dec-12
11-Dec-12
Dividends Payable [Line Items]
Amount of Dividend		$2
Date Declared		11-Dec-12
Record Date		21-Dec-12
Date Paid		28-Dec-12
19-Feb-13
Dividends Payable [Line Items]
Amount of Dividend		$0.12
Date Declared		19-Feb-13
Record Date		22-Mar-13
Date Paid		29-Mar-13

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Summary of estimated useful lives of assets (Details 1)	12 Months Ended
	Mar. 31, 2015
Automobiles
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	Lesser of lease term or useful life (generally 6 - 7 years)

Summary_of_Significant_Account5

Summary of Significant Accounting Policies - Basic and diluted earnings per share (Details 2) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Accounting Policies [Abstract]
Numerator for earnings per share - net income	$3,847,447	$3,769,556	$4,329,701	$4,909,188	$2,859,539	$3,826,768	$4,316,552	$5,700,493	$16,855,892	$16,703,352	$19,940,946
Denominator:
Denominator for basic earnings per share - weighted average shares									12,012,765	12,096,372	11,977,174
Effect of dilutive securities:
Stock options and other share awards									178,991	228,873	241,242
Denominator for diluted earnings per share									12,191,756	12,325,245	12,218,416
Earnings per share - basic (in dollars per share)	$0.34	$0.31	$0.36	$0.40	$0.24	$0.32	$0.36	$0.47	$1.40	$1.38	$1.66
Earnings per share - diluted (in dollars per share)	$0.33	$0.30	$0.35	$0.40	$0.23	$0.31	$0.35	$0.46	$1.38	$1.36	$1.63

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Detail Textuals)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Withholding tax payable percentage	5.00%

Summary_of_Significant_Account7

Summary of Significant Accounting Policies (Detail Textuals 1) (USD $)	12 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 19, 2015	Mar. 31, 2014
Significant Accounting Policies [Line Items]
Payment for common stock	$70,408,854
Common shares outstanding	7,701,981		12,220,874
Tender Offer
Significant Accounting Policies [Line Items]
Purchase of common stock		4,700,000
Payment for common stock		$70,409,000
Percentage of aggregate number of common shares purchased		38.00%
Common shares outstanding		7,701,981

Summary_of_Significant_Account8

Summary of Significant Accounting Policies (Detail Textuals 2) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Accounting Policies [Abstract]
Unearned interest, dealer discounts and allowance for credit losses	$169,071,000	$155,001,000
Average dealer discount associated with new volume	8.08%	8.44%	8.54%
Sales of NDS to the Company's consolidated revenues	less than 1%
Cash paid for income taxes	7,304,000	10,837,000	11,273,000
Cash paid for interest, including debt origination costs	$6,124,000	$5,673,000	$5,043,000

Summary_of_Significant_Account9

Summary of Significant Accounting Policies (Detail Textuals 3) (Stock options)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of stock options not included in the computation of diluted earnings per share	155,000	10,000	120,200

Recovered_Sheet1

Summary of Significant Accounting Policies (Detail Textuals 4)	12 Months Ended
	Mar. 31, 2015
Significant Accounting Policies [Line Items]
Number of states in which entity operates	16
Number of branches	66
Finance receivables
Significant Accounting Policies [Line Items]
Concentration benchmark	Of the remaining twelve states, no one state represented more than 5% of the total finance receivables.
Finance receivables | Florida
Significant Accounting Policies [Line Items]
Concentration risk percentage	32.00%
Finance receivables | Ohio
Significant Accounting Policies [Line Items]
Concentration risk percentage	14.00%
Finance receivables | Georgia
Significant Accounting Policies [Line Items]
Concentration risk percentage	10.00%
Finance receivables | North Carolina
Significant Accounting Policies [Line Items]
Concentration risk percentage	9.00%

Finance_Receivables_Summary_of

Finance Receivables - Summary of contracts included in finance receivables (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Indirect/Direct finance receivables, net	$288,904,060	$269,343,595
Finance receivables | Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Indirect finance receivables, gross contract	447,042,854	413,613,292	386,940,093
Unearned interest	-136,895,592	-121,996,483	-111,121,493
Indirect/Direct finance receivables, net of unearned interest	310,147,262	291,616,809	275,818,600
Unearned dealer discounts	-17,779,690	-17,214,269	-16,415,169
Indirect finance receivables, net of unearned interest and unearned dealer discounts	292,367,572	274,402,540	259,403,431
Allowance for credit losses	-11,325,222	-12,889,082	-16,090,652	-19,499,208
Indirect/Direct finance receivables, net	$281,042,350	$261,513,458	$243,312,779

Finance_Receivables_Summary_of1

Finance Receivables - Summary of reconciliation of changes in allowance for credit losses on contracts (Details 1) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Provision for credit losses	$5,187,832	$5,796,648	$5,154,235	$4,231,815	$4,181,286	$4,183,035	$3,973,104	$2,641,791	$20,370,530	$14,979,216	$13,391,875
Finance receivables | Contracts
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of year							12,889,082		12,889,082	16,090,652	19,499,208
Provision for credit losses									20,008,166	14,693,841	13,252,382
Losses absorbed									-25,041,833	-21,690,010	-19,851,080
Recoveries									3,469,807	3,794,599	3,190,142
Balance at end of year				$11,325,222				$12,889,082	$11,325,222	$12,889,082	$16,090,652

Finance_Receivables_Direct_loa

Finance Receivables - Direct loans included in finance receivables (Details 2) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Indirect/Direct finance receivables, net	$288,904,060	$269,343,595
Finance receivables | Direct Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Direct finance receivables, gross contract	10,931,904	10,730,901	8,781,637
Unearned interest	-2,367,404	-2,310,486	-1,800,698
Indirect/Direct finance receivables, net of unearned interest	8,564,500	8,420,415	6,980,939
Allowance for credit losses	-702,790	-590,278	-467,917	-492,184
Indirect/Direct finance receivables, net	$7,861,710	$7,830,137	$6,513,022

Finance_Receivables_Reconcilia

Finance Receivables - Reconciliation of changes in allowance for credit losses on direct loans (Details 3) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Provision for credit losses	$5,187,832	$5,796,648	$5,154,235	$4,231,815	$4,181,286	$4,183,035	$3,973,104	$2,641,791	$20,370,530	$14,979,216	$13,391,875
Finance receivables | Direct Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of year							590,278		590,278	467,917	492,184
Provision for credit losses									362,364	285,375	139,493
Losses absorbed									-278,333	-192,156	-190,871
Recoveries									28,481	29,142	27,111
Balance at end of year				$702,790				$590,278	$702,790	$590,278	$467,917

Finance_Receivables_Assessment

Finance Receivables - Assessment of credit quality by creditworthiness (Details 4) (Finance receivables, USD $)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$443,083,009	$410,532,221	$386,324,595
Finance receivables, gross contract	447,042,854	413,613,292
Contracts | Performing accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	438,317,584	405,691,402
Contracts | Non-performing accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,765,425	4,840,819
Contracts | Chapter 13 bankrupt accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,959,845	3,081,071
Direct Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,911,845	10,704,545	8,781,637
Finance receivables, gross contract	10,931,904	10,730,901
Direct Loans | Performing accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,855,209	10,656,685
Direct Loans | Non-performing accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	56,636	47,860
Direct Loans | Chapter 13 bankrupt accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$20,059	$26,356

Finance_Receivables_Informatio

Finance Receivables - Information regarding delinquency rates with respect to contracts and direct loans (Details 5) (Finance receivables, USD $)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Balance Outstanding	$443,083,009	$410,532,221	$386,324,595
30 - 59 days	13,694,370	11,713,021	10,421,500
30 - 59 days (in percentage)	3.09%	2.85%	2.70%
60 - 89 days	3,435,332	2,944,228	2,631,617
60 - 89 days (in percentage)	0.78%	0.72%	0.68%
90 + days	1,330,093	1,896,591	1,188,160
90 + days (in percentage)	0.30%	0.46%	0.31%
Total	18,459,795	16,553,840	14,241,277
Total (in percentage)	4.17%	4.03%	3.69%
Direct Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Balance Outstanding	10,911,845	10,704,545	8,781,637
30 - 59 days	122,718	143,624	72,364
30 - 59 days (in percentage)	1.12%	1.34%	0.82%
60 - 89 days	41,984	25,345	21,509
60 - 89 days (in percentage)	0.39%	0.23%	0.25%
90 + days	14,652	22,515	13,790
90 + days (in percentage)	0.13%	0.21%	0.16%
Total	$179,354	$191,484	$107,663
Total (in percentage)	1.64%	1.78%	1.23%

Finance_Receivables_Detail_Tex

Finance Receivables (Detail Textuals) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net	288,904,060	$269,343,595
Finance receivables | Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average contractual interest rate	22.86%	23.08%
Finance receivables, net	281,042,350	261,513,458	243,312,779
Finance receivables | Contracts | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initial term of the indirect finance receivables	12 months
Finance receivables | Contracts | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initial term of the indirect finance receivables	72 months
Finance receivables | Direct Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average contractual interest rate	26.14%	26.32%
Finance receivables, net	7,861,710	7,830,137	6,513,022
Percentage of direct loan to total loan portfolio	2.00%
Finance receivables | Direct Loans | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initial term of the direct finance receivables	6 months
Finance receivables, net	1,000
Finance receivables | Direct Loans | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initial term of the direct finance receivables	48 months
Finance receivables, net	9,000

Finance_Receivables_Detail_Tex1

Finance Receivables (Detail Textuals 1) (Finance receivables, Contracts)	12 Months Ended
	Mar. 31, 2015
Finance receivables | Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of average wholesale value of automobile	96.00%

Finance_Receivables_Detail_Tex2

Finance Receivables (Detail Textuals 2)	12 Months Ended
	Mar. 31, 2015
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

Property_and_Equipment_Summary

Property and Equipment - Summary (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Cost	$3,108,583	$3,112,396
Accumulated Depreciation	2,236,449	2,242,703
Net Book Value	872,134	869,693
Automobiles
Property, Plant and Equipment [Line Items]
Cost	613,222	616,512
Accumulated Depreciation	364,685	289,419
Net Book Value	248,537	327,093
Equipment
Property, Plant and Equipment [Line Items]
Cost	906,406	914,347
Accumulated Depreciation	515,922	625,310
Net Book Value	390,484	289,037
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Cost	485,696	463,395
Accumulated Depreciation	390,864	364,634
Net Book Value	94,832	98,761
Leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	1,103,259	1,118,142
Accumulated Depreciation	964,978	963,340
Net Book Value	$138,281	$154,802

Line_of_Credit_Detail_Textuals

Line of Credit (Detail Textuals) (USD $)	12 Months Ended
	Mar. 31, 2015	Jan. 31, 2015	Mar. 31, 2014
Line of Credit Facility [Line Items]
Line of credit	$199,000,000		$127,900,000
Line of credit facility
Line of Credit Facility [Line Items]
Line of credit facility amount		225,000,000	150,000,000
Debt instrument basis spread on variable rate	3.00%
Debt instrument description of variable rate basis	1-month LIBOR
Floor on LIBOR rate	1.00%
Interest rate	4.00%		4.00%
Line of credit	199,000,000		127,900,000
Amount available under the line of credit	$26,000,000		$22,100,000

Interest_Rate_Swap_Agreements_1

Interest Rate Swap Agreements - Summary of locations and amounts of gains (losses) in income (Details) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Periodic change in fair value of interest rate swap agreements	($364,378)	$688,455
Periodic settlement differentials included in interest expense	-392,797	-383,028
(Loss) gain recognized in income	($757,175)	$305,427

Interest_Rate_Swap_Agreements_2

Interest Rate Swap Agreements - Summary of variable rates received and fixed rates paid under swap (Details 1) (Interest Rate Swap)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest Rate Swap
Derivative [Line Items]
Average variable rate received	0.16%	0.18%
Average fixed rate paid	0.94%	0.94%

Interest_Rate_Swap_Agreements_3

Interest Rate Swap Agreements (Detail Textuals) (Interest Rate Swap, USD $)	0 Months Ended	1 Months Ended
	Jun. 04, 2012	Jul. 30, 2012	Mar. 31, 2015
			Swap
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Number of interest rate swap agreements			2
Fixed rate paid	1.00%	0.87%
Interest rate swap period	5 years	5 years
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

Fair_Value_Disclosures_Assets_

Fair Value Disclosures - Assets and liabilities recorded at fair value on recurring basis (Details) (Recurring Basis, USD $)	Mar. 31, 2015	Mar. 31, 2014
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements - liability
Interest rate swap agreements - asset
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements - liability	-180,775
Interest rate swap agreements - asset		183,603
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements - liability
Interest rate swap agreements - asset
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements - liability	-180,775
Interest rate swap agreements - asset		$183,603

Fair_Value_Disclosures_Summary

Fair Value Disclosures - Summary of financial instruments not measured at fair value (Details 1) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	$3,388,193	$2,635,036
Finance receivables
Line of credit
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash
Finance receivables
Line of credit	199,000,000	127,900,000
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash
Finance receivables	288,904,000	269,344,000
Line of credit
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	3,388,193	2,635,036
Finance receivables	288,904,000	269,344,000
Line of credit	$199,000,000	$127,900,000

Fair_Value_Disclosures_Detail_

Fair Value Disclosures (Detail Textuals) (Finance receivables)	12 Months Ended
	Mar. 31, 2015
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

Income_Taxes_Provision_for_inc

Income Taxes - Provision for income taxes (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Current:
Federal									$7,688,428	$8,709,338	$10,187,010
State									1,196,034	1,393,675	1,661,860
Total current									8,884,462	10,103,013	11,848,870
Deferred:
Federal									308,090	1,474,425	598,674
State									47,927	235,940	97,665
Total deferred									356,017	1,710,365	696,339
Income tax expense	$2,384,462	$2,368,923	$2,665,057	$1,822,037	$2,528,895	$2,833,019	$2,886,484	$3,564,980	$9,240,479	$11,813,378	$12,545,209

Income_Taxes_Significant_compo

Income Taxes - Significant components of the company's deferred tax assets (Details 1) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Allowance for credit losses not currently deductible for tax purposes	$5,552,437	$6,106,725
Share-based compensation	514,259	443,623
Interest rate swap agreements	69,201	-70,283
Other items	224,682	236,531
Deferred income taxes	$6,360,579	$6,716,596

Income_Taxes_Provision_for_inc1

Income Taxes - Provision for income taxes reflects an effective U.S tax rate, which differs from the corporate tax rate (Details 2) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]
Provision for income taxes at Federal statutory rate									$9,133,730	$9,980,855	$11,370,154
Increase (decrease) resulting from:
State income taxes, net of Federal benefit									808,574	1,059,249	1,143,692
Transaction costs									-733,689	733,689
Other									31,864	39,585	31,363
Income tax expense	$2,384,462	$2,368,923	$2,665,057	$1,822,037	$2,528,895	$2,833,019	$2,886,484	$3,564,980	$9,240,479	$11,813,378	$12,545,209

Income_Taxes_Detail_Textuals

Income Taxes (Detail Textuals) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]
Income tax rate	35.41%	41.43%	38.61%
Non-deductible expenses		$2,096,000

ShareBased_Payments_Summary_of

Share-Based Payments - Summary of weighted-average assumptions (Details) (Stock options)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.68%	0.71%
Weighted average expected original term	5 years	5 years
Expected volatility	23.00%	48.00%
Expected dividend yield	3.65%	3.20%

ShareBased_Payments_Summary_of1

Share-Based Payments - Summary of option activity under the equity plans (Details 1) (Stock options, USD $)	12 Months Ended
	Mar. 31, 2015
Shares
Granted	145,000
Exercised	-150,911
Forfeited	-3,480
Weighted Average Exercise Price
Granted	$1.88
Equity plans
Shares
Outstanding at March 31, 2014	372,881
Granted	145,000
Exercised	-150,911
Forfeited	-3,480
Outstanding at March 31, 2015	363,490
Exercisable at March 31, 2015	166,957
Weighted Average Exercise Price
Outstanding at March 31, 2014	$5.45
Granted	$13.62
Exercised	$2.58
Forfeited	$9.49
Outstanding at March 31, 2015	$9.86
Exercisable at March 31, 2015	$6.27
Weighted Average Remaining Contractual Term
Outstanding at March 31, 2015	6 years 6 months 11 days
Exercisable at March 31, 2015	3 years 11 months 12 days
Aggregate Intrinsic Value
Outstanding at March 31, 2015	$1,537,174
Exercisable at March 31, 2015	$1,292,143

ShareBased_Payments_Summary_of2

Share-Based Payments - Summary of the status of the company's non-vested restricted shares (Details 2) (Restricted Share Awards, USD $)	12 Months Ended
	Mar. 31, 2015
Shares
Granted	44,000
2006 Plan
Shares
Non-vested at March 31, 2014	50,000
Granted	44,000
Vested	-5,000
Forfeited
Non-vested at March 31, 2015	89,000
Weighted Average Grant Date Fair Value
Non-vested at March 31, 2014	12.92
Granted	14.22
Vested	12.87
Forfeited
Non-vested at March 31, 2015	13.56
Weighted Average Remaining Contractual Term
Non-vested at March 31, 2015	1 year 7 months 20 days
Aggregate Intrinsic Value
Non-vested at March 31, 2015	1,246,890

ShareBased_Payments_Detail_Tex

Share-Based Payments (Detail Textuals) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value pricing method	Black-Scholes option-pricing model
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted	145,000
Weighted average fair value of stock options granted	$1.88
Total intrinsic value of options exercised	$1,829,000	$699,000	$685,000
1998 Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans	3
1998 Plans | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual terms of options granted	10 years
1998 Plans | Stock options | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for stock awards	3 years
1998 Plans | Stock options | Employees and Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to grant	1,551,000
Vesting period for stock awards	5 years
2006 Plan | Stock options | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to grant	1,072,500

ShareBased_Payments_Detail_Tex1

Share-Based Payments (Detail Textuals 1) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from exercise of option	$388,608	$328,913	$612,465
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options exercised	150,911
Number of stock options forfeited	3,480
Income tax benefits	700,000	267,000	262,000
Unrecognized compensation cost	374,000
Weighted-average period expected to be recognized	3 years 3 months 6 days
Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price of stock options exercised	$0.35
Exercise price of stock options forfeited	$3.60
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price of stock options exercised	$10.96
Exercise price of stock options forfeited	$10.87
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$581,000
Weighted-average period expected to be recognized	1 year 7 months 20 days
Number of shares awarded	44,000

Employee_Benefit_Plans_Detail_

Employee Benefit Plans (Detail Textuals) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Employee Benefits and Share-Based Compensation [Abstract]
Retirement plan 401(k) recorded expenses	$7,000	$7,000	$6,500

Commitments_and_Contingencies_1

Commitments and Contingencies - Summary of annual minimum rental payments (Details) (USD $)	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
2016	$1,936,435
2017	1,290,195
2018	901,413
2019	622,110
2020	398,862
Total	$5,149,015

Commitments_and_Contingencies_2

Commitments and Contingencies (Detail Textuals) (USD $)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$2,128,000	$1,995,000	$1,933,000

Quarterly_Results_of_Operation2

Quarterly Results of Operations (Unaudited) - Summary (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Quarterly Financial Data [Abstract]
Total revenue	$21,933,607	$21,800,765	$21,723,072	$21,332,514	$20,443,054	$20,761,230	$20,948,924	$20,475,735
Interest expense	1,578,737	1,457,919	1,485,193	1,448,585	1,389,209	1,441,175	1,442,898	1,404,906	5,970,434	5,678,188	5,120,827
Provision for credit losses	5,187,832	5,796,648	5,154,235	4,231,815	4,181,286	4,183,035	3,973,104	2,641,791	20,370,530	14,979,216	13,391,875
Non-interest expense	8,935,129	8,407,719	8,088,886	8,920,889	9,484,125	8,477,233	8,329,886	7,163,565
Operating income before income taxes	6,231,909	6,138,479	6,994,758	6,731,225	5,388,434	6,659,787	7,203,036	9,265,473	26,096,371	28,516,730	32,486,155
Income tax expense	2,384,462	2,368,923	2,665,057	1,822,037	2,528,895	2,833,019	2,886,484	3,564,980	9,240,479	11,813,378	12,545,209
Net income	$3,847,447	$3,769,556	$4,329,701	$4,909,188	$2,859,539	$3,826,768	$4,316,552	$5,700,493	$16,855,892	$16,703,352	$19,940,946
Earnings per share:
Basic (in dollars per share)	$0.34	$0.31	$0.36	$0.40	$0.24	$0.32	$0.36	$0.47	$1.40	$1.38	$1.66
Diluted (in dollars per share)	$0.33	$0.30	$0.35	$0.40	$0.23	$0.31	$0.35	$0.46	$1.38	$1.36	$1.63
Dividends per share (in dollars per share)							$0.12	$0.12		$0.24	$2.46