ePlus (PLUS) 10-Q 7 Feb 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2018	Feb. 03, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	EPLUS INC
Entity Central Index Key	1,022,408
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		13,639,897
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q3

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Current assets:
Cash and cash equivalents	$ 84,334	$ 118,198
Accounts receivable-trade, net	324,695	268,287
Accounts receivable-other, net	34,245	28,401
Inventories	51,395	39,855
Financing receivables-net, current	94,023	69,936
Deferred costs	16,537	16,589
Other current assets	7,933	23,625
Total current assets	613,162	564,891
Financing receivables and operating leases-net	68,058	68,511
Property, equipment and other assets	17,843	19,143
Goodwill	76,401	76,624
Other intangible assets-net	22,725	26,302
TOTAL ASSETS	798,189	755,471
Current liabilities:
Accounts payable	100,270	106,933
Accounts payable-floor plan	124,558	112,109
Salaries and commissions payable	20,456	19,801
Deferred revenue	39,444	35,648
Recourse notes payable-current	0	1,343
Non-recourse notes payable-current	58,106	40,863
Other current liabilities	18,397	33,370
Total current liabilities	361,231	350,067
Non-recourse notes payable-long term	8,461	10,072
Deferred tax liability-net	1,438	1,662
Other liabilities	17,882	21,067
TOTAL LIABILITIES	389,012	382,868
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY
Preferred stock, $.01 per share par value; 2,000 shares authorized; none outstanding	0	0
Common stock, $.01 per share par value; 25,000 shares authorized; 13,640 outstanding at December 31, 2018 and13,761 outstanding at March 31, 2018	143	142
Additional paid-in capital	135,418	130,000
Treasury stock, at cost, 664 shares at December 31, 2018 and 467 shares at March 31, 2018	(51,899)	(36,016)
Retained earnings	326,085	277,945
Accumulated other comprehensive income-foreign currency translation adjustment	(570)	532
Total Stockholders' Equity	409,177	372,603
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 798,189	$ 755,471

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2018	Mar. 31, 2018
STOCKHOLDERS' EQUITY
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	2,000	2,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000	25,000
Common stock, shares outstanding (in shares)	13,640	13,761
Treasury stock, shares (in shares)	664	467

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Net sales	$ 345,664	$ 344,225	$ 1,047,239	$ 1,088,944
Cost of sales	262,751	267,537	798,123	847,092
Gross profit	82,913	76,688	249,116	241,852
Selling, general, and administrative	59,728	57,134	174,399	168,138
Depreciation and amortization	2,719	2,894	8,250	7,086
Interest and financing costs	443	270	1,403	903
Operating expenses	62,890	60,298	184,052	176,127
Operating income	20,023	16,390	65,064	65,725
Other income (expense)	721	(131)	1,140	(1)
Earnings before tax	20,744	16,259	66,204	65,724
Provision for income taxes	5,880	678	18,064	19,499
Net earnings	$ 14,864	$ 15,581	$ 48,140	$ 46,225
Net earnings per common share-basic (in dollars per share)	$ 1.10	$ 1.12	$ 3.57	$ 3.34
Net earnings per common share-diluted (in dollars per share)	$ 1.10	$ 1.11	$ 3.54	$ 3.30
Weighted average common shares outstanding-basic (in shares)	13,471	13,851	13,467	13,845
Weighted average common shares outstanding-diluted (in shares)	13,544	13,990	13,592	14,022

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
NET EARNINGS	$ 14,864	$ 15,581	$ 48,140	$ 46,225
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Foreign currency translation adjustments	(302)	75	(1,102)	778
Other comprehensive income (loss)	(302)	75	(1,102)	778
TOTAL COMPREHENSIVE INCOME	$ 14,562	$ 15,656	$ 47,038	$ 47,003

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash Flows From Operating Activities:
Net earnings	$ 48,140	$ 46,225
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization	13,341	11,324
Reserve for credit losses, inventory obsolescence, and sales returns	269	286
Share-based compensation expense	5,418	4,856
Deferred taxes	(215)	(3,058)
Payments from lessees directly to lenders-operating leases	(118)	(1,325)
Gain on disposal of property, equipment, and leased equipment	(1,307)	(7,555)
Gain on sale of financing receivables	(5,030)	(4,625)
Other	0	1
Changes in:
Accounts receivable	(56,769)	(10,271)
Inventories	(11,674)	43,332
Financing receivables-net	(1,070)	(13,045)
Deferred costs, other intangible assets, and other assets	3,971	(22,049)
Accounts payable	16,062	18,406
Salaries and commissions payable, deferred revenue, and other liabilities	(8,846)	(13,678)
Net cash provided by operating activities	2,172	48,824
Cash Flows From Investing Activities:
Proceeds from sale of property, equipment, and leased equipment	2,550	9,967
Purchases of property, equipment, and operating lease equipment	(8,492)	(6,298)
Purchases of assets to be leased or financed	(13,941)	(5,716)
Issuance of financing receivables	(140,307)	(138,160)
Repayments of financing receivables	55,198	59,029
Proceeds from sale of financing receivables	56,983	64,103
Cash used in acquisitions, net of cash acquired	0	(37,718)
Net cash used in investing activities	(48,009)	(54,793)
Cash Flows From Financing Activities:
Borrowings of non-recourse and recourse notes payable	40,693	39,365
Repayments of non-recourse and recourse notes payable	(17,447)	(27,269)
Repurchase of common stock	(16,261)	(13,399)
Repayments of financing of acquisitions	(7,634)	(1,604)
Net borrowings (repayments) on floor plan facility	12,450	(24,851)
Net cash provided by (used) in financing activities	11,801	(27,758)
Effect of exchange rate changes on cash	172	72
Net Decrease in Cash and Cash Equivalents	(33,864)	(33,655)
Cash and Cash Equivalents, Beginning of Period	118,198	109,760
Cash and Cash Equivalents, End of Period	84,334	76,105
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	1,364	421
Cash paid for income taxes	18,269	29,987
Schedule of Non-Cash Investing and Financing Activities:
Proceeds from sale of property, equipment, and leased equipment	483	3,463
Purchases of property, equipment, and operating lease equipment	(2,704)	(751)
Purchases of assets to be leased or financed	2,437	(7,225)
Issuance of financing receivables	(96,406)	(74,907)
Repayments of financing receivables	0	9,572
Proceeds from sale of financing receivables	88,119	83,954
Financing of acquisitions	0	(12,050)
Borrowing of non-recourse and recourse notes payable	65,042	8,904
Repayments of non-recourse and recourse notes payable	(118)	(14,465)
Vesting of share-based compensation	12,795	12,010
Repurchase of common stock included in accounts payable	$ (393)	$ (766)

UNAUDITED CONDENSED CONSOLIDA_6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 9 months ended Dec. 31, 2018 - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balance at Mar. 31, 2018	$ 142	$ 130,000	$ (36,016)	$ 277,945	$ 532	$ 372,603
Balance (in shares) at Mar. 31, 2018	13,761					13,761
Issuance of restricted stock awards	$ 1	0	0	0	0	$ 1
Issuance of restricted stock awards (in shares)	75
Share-based compensation	$ 0	5,418	0	0	0	5,418
Repurchase of common stock	0	0	$ (15,883)	0	0	(15,883)
Repurchase of common stock (in shares)			(196)
Net earnings	0	0	$ 0	48,140	0	48,140
Foreign currency translation adjustment	0	0	0	0	(1,102)	(1,102)
Balance at Dec. 31, 2018	$ 143	$ 135,418	$ (51,899)	$ 326,085	$ (570)	$ 409,177
Balance (in shares) at Dec. 31, 2018	13,640					13,640

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Dec. 31, 2018
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS — Our company was founded in 1990 and is a Delaware corporation. e e e BASIS OF PRESENTATION — The unaudited condensed consolidated financial statements include the accounts of e INTERIM FINANCIAL STATEMENTS — The unaudited condensed consolidated financial statements for the three and nine months ended December 31, 2018 and 2017 were prepared by us, without audit, and include all normal and recurring adjustments that, in the opinion of management, are necessary for a fair presentation of our financial position, results of operations, changes in comprehensive income, and cash flows for such periods. Operating results for the three and nine months ended December 31, 2018 and 2017 are not necessarily indicative of results that may be expected for any other interim period, the full fiscal year ending March 31, 2019, or any other future period. These unaudited condensed consolidated financial statements do not include all disclosures required by the accounting principles generally accepted in the United States (“US GAAP”) for annual financial statements. Our audited consolidated financial statements are contained in our annual report on Form 10-K for the year ended March 31, 2018 (“2018 Annual Report”), which should be read in conjunction with these interim condensed consolidated financial statements. USE OF ESTIMATES — CONCENTRATIONS OF RISK — A substantial portion of our sales are products from Cisco Systems, which were 40% and 39% of our technology segment’s net sales for the three months ended December 31, 2018 and 2017, respectively, and 42% and 45% of our technology segment’s net sales for the nine months ended December 31, 2018 and 2017, respectively. SIGNIFICANT ACCOUNTING POLICIES — The significant accounting policies used in preparing these Consolidated Financial Statements were applied on a basis consistent with those reflected in our Consolidated Financial Statements for the year ended March 31, 2018, except for changes from the adoption of Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) , as amended (“ASU 2014-09”). This Update adds Topic 606, Revenue from Contracts with Customers (“Codification Topic 606”) to the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“Codification”). The updates to our accounting policies from adopting ASU 2014-09 are provided below. REVENUE RECOGNITION — We recognize our revenues from the sales of third party products, third party software, third-party services such as maintenance and software support, e e The core principle of Codification Topic 606 is that an entity should recognize revenue for the transfer of goods and services equal to an amount it expects to be entitled to receive for those goods and services. We account for a contract under Codification Topic 606 when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are established, the contract has commercial substance, and collectability of consideration is probable. Revenues are reported net of sales refunds, including an estimate of future returns based on an evaluation of historical sales returns, current economic conditions, volume, and other relevant factors. Our contracts with customers may include multiple promises that are distinct performance obligations. For such arrangements, we allocate the transaction price to each performance obligation based on its relative standalone selling price. We determine standalone selling prices using expected cost-plus margin. We recognize revenue when (or as) we satisfy a performance obligation by transferring a promised good or service to a customer. A good or service is transferred when (or as) the customer obtains control of that good or service. Depending on the nature of each performance obligation, this may be at a point in time or over time, as further described below. We typically invoice our customers for third party products upon shipment, unless our customers lease the equipment through our financing segment, in which case the arrangement is accounted for as a lease in accordance with Codification Topic 840, Leases Sales of third party products We are the principal in sales of third party products. As such, we recognize sales on a gross basis with the selling price to the customer recorded as sales and the acquisition cost of the product recognized as cost of sales. We recognize revenue from these sales at the point in time that control passes to the customer, which is typically upon delivery of the product to the customer. In some instances, our customers may request that we bill them for a product but retain physical possession of the product until later delivery, commonly known as “bill-and-hold” arrangements. In these transactions, we recognize revenue when the customer has signed a bill-and-hold agreement with us, the product is identified separately as belonging to the customer and, when orders include configuration, such configuration is complete, and the product is ready for delivery to the customer. We recognize sales of leased equipment within our financing segment when control passes to the customer, which is typically the date of sale. Sales of third party software We are typically the principal in sales of third party software. We often sell third party support accompanying third party software. When the third-party software benefits the customer only in conjunction with the accompanying support, such as in sales of anti-virus software and support, we consider the third-party software and support as inputs to a single performance obligation. The third party controls the service as it is transferred to the customer and therefore we are acting as an agent in these transactions. We recognize revenue from these sales on a net basis when our customer and vendor accept the terms and conditions of the arrangement. Sales of third party maintenance, software support, and services We are the agent in sales of third party maintenance, software support, and services as the third party controls the service until it is transferred to the customer. We recognize sales on a net basis equal to the selling price to the customer less the acquisition cost. We recognize revenue from these sales when our customer and vendor accept the terms and conditions of the arrangement. Sales of ePlus professional and managed services Our e e We provide e In arrangements for e We host e Freight and sales tax We present freight billed to our customers within sales and the related freight charged to us within cost of sales. We present sales tax collected from customers and remittances to governmental authorities on a net basis. Financing revenue and other We account for leases to customers in accordance with Codification Topic 840, Leases We consider whether a lease meets any of the following four criteria as part of classifying the lease at its inception: · the lease transfers ownership of the property to the lessee by the end of the lease term; · the lease contains a bargain purchase option; · the lease term is equal to 75 percent or more of the estimated economic life of the leased property; or · the present value at the beginning of the lease term of the minimum lease payments equals or exceeds 90 percent of the fair value of the leased property at the inception of the lease. If a lease meets any of the four lease classification criteria and gives rise to dealer’s profit, we classify the lease as a sales-type lease. For sales-type leases, we recognize sales equal to the present value of the minimum lease payments discounted using the implicit interest rate in the lease and cost of sales equal to carrying amount of the asset being leased and any initial direct costs incurred, less the present value of the unguaranteed residual. Interest income from the lease is recognized in sales over the lease term in our financing segment. If a lease meets any of the four lease classification criteria, and does not give rise to dealer’s profit, we classify the lease as a direct financing lease. For direct financing leases, the difference between our gross investment in the lease and the cost of the leased property is deferred as unearned income and recognized as sales over the lease term. If a lease meets none of the four lease classification criteria, we classify the lease as an operating lease. For operating leases, we recognize the rent charged on the lease as sales on a straight-line basis ratably over the term of the lease agreement. We may also finance third-party software and third-party services for our customers, which are classified as notes receivable. We recognize interest on notes receivable in net sales. Codification Topic 860, Transfers and Servicing CONTRACT BALANCES — We recognize contract liabilities when cash payments are received or due in advance of our performance. COSTS OF OBTAINING A CONTRACT — We capitalize costs that are incremental to obtaining customer contracts, predominately sales commissions, and expense them in proportion to each completed contract performance obligation.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Dec. 31, 2018
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS —We adopted ASU 2014-09 on April 1, 2018, using the full retrospective method. Under the full retrospective method, we apply the guidance retrospectively to each prior reporting period presented. The impact from the adopting ASU 2014-09 on our consolidated balance sheet as of March 31, 2018, was a decrease in accounts receivable – trade of $1.9 million, an increase in accounts receivable – other of $1.9 million, a decrease in deferred costs of $3.2 million, and a decrease in deferred revenues of $3.2 million. There is no impact to our retained earnings as of March 31, 2018. The impact on our consolidated statement of operations was an increase in net sales and cost of sales by $1.7 million for the three months ended December 31, 2017 and an increase of $8.4 million in net sales and cost of sales for the nine months ended December 31, 2017. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED —In June 2016, the FASB issued ASU 2016-13, Financial Instruments- Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In November 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases (Topic 842): Targeted Improvements

REVENUES

REVENUES	9 Months Ended
	Dec. 31, 2018
REVENUES [Abstract]
REVENUES	3. REVENUES Contract balances Accounts receivable – trade represents amounts due from contracts with customers. In addition, we had $17.1 million and $28.1 million of receivables from contracts with customers included within financing receivables as of December 31, 2018 and March 31, 2018, respectively. The following table provides the balance of contract liabilities from contracts with customers (in thousands): Contract liabilities December 31, 2018 March 31, 2018 Current (included in deferred revenue) $ 38,539 $ 34,643 Non-current (included in other liabilities) $ 13,682 $ 12,699 Revenue recognized from the beginning contract liability balance was $7.3 million and $28.2 million for the three and nine months ended December 31, 2018, respectively, and $2.3 million and $57.8 million for the three and nine months ended December 31, 2017, respectively. Performance obligations The following table includes revenue expected to be recognized in the future related to performance obligations , are unsatisfied or partially unsatisfied at the end of the reporting period, in thousands. The table does not include the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts where we recognize revenue at the amount that we have the right to invoice for services performed. Remaining three months of fiscal 2019 $ 11,932 Fiscal 2020 12,892 Fiscal 2021 6,839 Fiscal 2022 1,078 Fiscal 2023 302 Fiscal 2024 2 Total remaining performance obligations $ 33,045

FINANCING RECEIVABLES AND OPERA

FINANCING RECEIVABLES AND OPERATING LEASES	9 Months Ended
	Dec. 31, 2018
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
FINANCING RECEIVABLES AND OPERATING LEASES	4. FINANCING RECEIVABLES AND OPERATING LEASES Our financing receivables and operating leases consist of assets that we finance for our customers, which we manage as a portfolio of investments. Equipment financed for our customers is accounted for as investments in direct financing, sales-type or operating leases in accordance with Codification Topic 840, Leases FINANCING RECEIVABLES—NET Our financing receivables-net consist of the following (in thousands): December 31, 2018 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 69,898 $ 76,825 $ 146,723 Estimated unguaranteed residual value (1) - 13,180 13,180 Initial direct costs, net of amortization (2) 582 392 974 Unearned income - (10,228 ) (10,228 ) Reserve for credit losses (3) (536 ) (509 ) (1,045 ) Total, net $ 69,944 $ 79,660 $ 149,604 Reported as: Current $ 53,150 $ 40,873 $ 94,023 Long-term 16,794 38,787 55,581 Total, net $ 69,944 $ 79,660 $ 149,604 (1) Includes estimated unguaranteed residual values of $8,407 thousand for direct financing leases, which have been sold and accounted for as sales. (2) Initial direct costs are shown net of amortization of $313 thousand. (3) For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.” March 31, 2018 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 62,992 $ 65,943 $ 128,935 Estimated unguaranteed residual value (1) - 11,226 11,226 Initial direct costs, net of amortization (2) 375 334 709 Unearned income - (8,251 ) (8,251 ) Reserve for credit losses (3) (486 ) (640 ) (1,126 ) Total, net $ 62,881 $ 68,612 $ 131,493 Reported as: Current $ 39,993 $ 29,943 $ 69,936 Long-term 22,888 38,669 61,557 Total, net $ 62,881 $ 68,612 $ 131,493 (1) Includes estimated unguaranteed residual values of $6,004 thousand for direct financing leases that have been sold and accounted for as sales. (2) Initial direct costs are shown net of amortization of $341 thousand. (3) For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.” OPERATING LEASES—NET Operating leases—net represents leases that do not qualify as direct financing leases. The components of the operating leases—net are as follows (in thousands): December 31, 2018 March 31, 2018 Cost of equipment under operating leases $ 22,451 $ 15,683 Accumulated depreciation (9,974 ) (8,729 ) Investment in operating lease equipment—net (1) $ 12,477 $ 6,954 (1) Includes estimated unguaranteed residual values of $3,133 thousand and $1,921 thousand as of December 31, 2018 and March 31, 2018, respectively. TRANSFERS OF FINANCIAL ASSETS We enter into arrangements to transfer the contractual payments due under financing receivables and operating lease agreements, which are accounted for as sales or secured borrowings in accordance with Codification Topic 860, Transfers and Servicing For transfers accounted for as sales, we derecognize the carrying value of the asset transferred and recognize a net gain or loss on the sale, which are presented within net sales in the consolidated statement of operations. During each of the three months ended December 31, 2018 and 2017, we recognized net gains of $2.4 million and $1.2 million, respectively, and total proceeds from these sales were $95.2 million and $32.8 million, respectively. During the nine months ended December 31, 2018 and 2017, we recognized net gains of $5.0 million and $4.6 million, respectively, and total proceeds from these sales were $189.2 million and $166.9 million, respectively. For certain assignments of financial assets, we retain a servicing obligation. For assignments accounted for as sales, we allocate a portion of the proceeds to deferred revenues, which is recognized as we perform the services. As of December 31, 2018, and March 31, 2018, we had deferred revenue of $0.4 million and $0.5 million, respectively, for servicing. In a limited number of such sales, we indemnified the assignee if the lessee elected to terminate the lease early. As of December 31, 2018, our maximum potential future payments related to such guarantees is $0.3 million. We believe the likelihood of making any such payments to be remote.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Dec. 31, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	5. GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL The following table summarizes the changes in the carrying amount of goodwill (in thousands): Nine Months Ended December 31, 2018 Nine Months Ended December 31, 2017 Goodwill Accumulated Impairment Loss Net Carrying Amount Goodwill Accumulated Impairment Loss Net Carrying Amount Beginning Balance $ 85,297 $ (8,673 ) $ 76,624 $ 57,070 $ (8,673 ) $ 48,397 Acquisitions - - - 27,996 - 27,996 Foreign currency translations (223 ) - (223 ) 153 - 153 Ending Balance $ 85,074 $ (8,673 ) $ 76,401 $ 85,219 $ (8,673 ) $ 76,546 Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations. All our goodwill as of December 31, 2018 and March 31, 2018 is related to our technology reportable segment, which we also determined to be one reporting unit. We performed our annual test for impairment for fiscal year 2019 as of October 1, 2018. We elected to bypass the qualitative assessment of goodwill and estimate the fair value of our reporting units. The fair value of our technology reporting unit substantially exceeded its carrying value as of October 1, 2018. Our conclusions would not be impacted by a ten percent change in our estimate of the fair value of the reporting unit. We performed our annual test for impairment for fiscal year 2018 as of October 1, 2017. We performed a qualitative assessment for goodwill and concluded that the fair value of our reporting units, more likely than not, exceeded their respective carrying values as of October 1, 2017. See Note 16, “Business Combinations” for additional information regarding prior year acquisitions. OTHER INTANGIBLE ASSETS Our other intangible assets consist of the following (in thousands): December 31, 2018 March 31, 2018 Gross Carrying Amount Accumulated Amortization / Impairment Loss Net Carrying Amount Gross Carrying Amount Accumulated Amortization / Impairment Loss Net Carrying Amount Customer relationships & other intangibles $ 42,368 $ (23,549 ) $ 18,819 $ 41,895 $ (18,634 ) $ 23,261 Capitalized software development 6,371 (2,465 ) 3,906 5,608 (2,567 ) 3,041 Total $ 48,739 $ (26,014 ) $ 22,725 $ 47,503 $ (21,201 ) $ 26,302 Customer relationships and capitalized software development costs are amortized over an estimated useful life, which is generally between 3 to 8 years. Total amortization expense for other intangible assets was $1.7 million and $1.9 million for the three months and $5.3 million and $4.2 million for the nine months ended December 31, 2018 and 2017, respectively. The change in the gross carrying amount of other intangible assets is due to foreign exchange translations.

RESERVES FOR CREDIT LOSSES

RESERVES FOR CREDIT LOSSES	9 Months Ended
	Dec. 31, 2018
RESERVES FOR CREDIT LOSSES [Abstract]
RESERVES FOR CREDIT LOSSES	6. Activity in our reserves for credit losses were as follows (in thousands): Accounts Receivable Notes Receivable Lease- Related Receivables Total Balance April 1, 2018 $ 1,538 $ 486 $ 640 $ 2,664 Provision for credit losses 275 50 (131 ) 194 Write-offs and other (246 ) - - (246 ) Balance December 31, 2018 $ 1,567 $ 536 $ 509 $ 2,612 Accounts Receivable Notes Receivable Lease- Related Receivables Total Balance April 1, 2017 $ 1,279 $ 3,434 $ 679 $ 5,392 Provision for credit losses 165 37 106 308 Write-offs and other - (3,020 ) (164 ) (3,184 ) Balance December 31, 2017 $ 1,444 $ 451 $ 621 $ 2,516 Our reserves for credit losses and minimum payments associated with our notes receivables and lease-related receivables disaggregated based on of our impairment method were as follows (in thousands): December 31, 2018 March 31, 2018 Notes Receivable Lease- Related Notes Receivable Lease- Related Receivables Reserves for credit losses: Ending balance: collectively evaluated for impairment $ 474 $ 509 $ 424 $ 640 Ending balance: individually evaluated for impairment 62 - 62 - Ending balance $ 536 $ 509 $ 486 $ 640 Minimum payments: Ending balance: collectively evaluated for impairment $ 69,836 $ 76,825 $ 62,930 $ 65,943 Ending balance: individually evaluated for impairment 62 - 62 - Ending balance $ 69,898 $ 76,825 $ 62,992 $ 65,943 We place receivables on non-accrual status when events, such as a customer’s declaring bankruptcy, occur that indicate a receivable will likely not be collectible. We charge off uncollectible financing receivables when we stop pursuing collection. The age of the recorded minimum lease payments and net credit exposure associated with our investment in direct financing and sales-type leases that are past due disaggregated based on our internally assigned credit quality rating (“CQR”) were as follows as of December 31, 2018 and March 31, 2018 (in thousands): 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Unbilled Minimum Lease Payments Total Minimum Lease Payments Unearned Income Non- Recourse Notes Payable Net Credit Exposure December 31, 2018 High CQR $ 155 $ 22 $ 70 $ 247 $ 128 $ 44,511 $ 44,886 $ (5,497 ) $ (26,929 ) $ 12,460 Average CQR 36 3 73 112 59 31,768 31,939 (2,639 ) (19,381 ) 9,919 Low CQR - - - - - - - - - - Total $ 191 $ 25 $ 143 $ 359 $ 187 $ 76,279 $ 76,825 $ (8,136 ) $ (46,310 ) $ 22,379 March 31, 2018 High CQR $ 143 $ 40 $ 43 $ 226 $ 224 $ 33,779 $ 34,229 $ (3,743 ) $ (17,207 ) $ 13,279 Average CQR 109 31 117 257 171 31,286 31,714 (2,749 ) (16,012 ) 12,953 Low CQR - - - - - - - - - - Total $ 252 $ 71 $ 160 $ 483 $ 395 $ 65,065 $ 65,943 $ (6,492 ) $ (33,219 ) $ 26,232 The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows (in thousands): 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Current Unbilled Notes Receivable Total Notes Receivable Non- Recourse Notes Payable Net Credit Exposure December 31, 2018 High CQR $ 2,905 $ - $ 560 $ 3,465 $ 1,824 $ 55,048 $ 60,337 $ (42,836 ) $ 17,501 Average CQR 152 7 661 820 39 8,640 9,499 (2,513 ) 6,986 Low CQR - - 62 62 - - 62 - 62 Total $ 3,057 $ 7 $ 1,283 $ 4,347 $ 1,863 $ 63,688 $ 69,898 $ (45,349 ) $ 24,549 March 31, 2018 High CQR $ 175 $ 527 $ 423 $ 1,125 $ 3,262 $ 40,896 $ 45,283 $ (30,345 ) $ 14,938 Average CQR 42 409 22 473 394 16,780 17,647 (10,424 ) 7,223 Low CQR - - 62 62 - - 62 - 62 Total $ 217 $ 936 $ 507 $ 1,660 $ 3,656 $ 57,676 $ 62,992 $ (40,769 ) $ 22,223 We estimate losses on our net credit exposure to be between 0% - 5% for customers with highest CQR, as these customers are investment grade or the equivalent of investment grade. We estimate losses on our net credit exposure to be between 2% - 15% for customers with average CQR, and between 15% - 100% for customers with low CQR, which includes customers in bankruptcy.

PROPERTY, EQUIPMENT, OTHER ASSE

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES	9 Months Ended
	Dec. 31, 2018
PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES [Abstract]
PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES	7. PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES Our property, equipment, other assets and liabilities consist of the following (in thousands): December 31, 2018 March 31, 2018 Other current assets: Deposits & funds held in escrow $ 565 $ 16,202 Prepaid assets 6,941 7,031 Other 427 392 Total other current assets $ 7,933 $ 23,625 Property, equipment and other assets Property and equipment, net $ 6,973 $ 7,510 Deferred costs 9,641 9,302 Other 1,229 2,331 Total other assets - long term $ 17,843 $ 19,143 Other current liabilities: Accrued expenses $ 6,656 $ 8,339 Accrued income taxes payable 280 175 Contingent consideration - current 5,227 5,806 Other 6,234 19,050 Total other current liabilities $ 18,397 $ 33,370 Other liabilities: Deferred revenue $ 13,869 $ 12,910 Contingent consideration - long-term 4,013 7,707 Other - 450 Total other liabilities - long term $ 17,882 $ 21,067 In the above table, deposits and funds held in escrow relate to financial assets that were sold to third-party banks. In conjunction with those sales, a portion of the proceeds was placed in escrow and will be released to us upon payment of outstanding invoices related to the underlying financing arrangements that were sold.

NOTES PAYABLE AND CREDIT FACILI

NOTES PAYABLE AND CREDIT FACILITY	9 Months Ended
	Dec. 31, 2018
NOTES PAYABLE AND CREDIT FACILITY [Abstract]
NOTES PAYABLE AND CREDIT FACILITY	8. Non-recourse and recourse obligations consist of the following (in thousands): December 31, 2018 March 31, 2018 Recourse notes payable with interest rate of 4.11% at March 31, 2018. Current $ - $ 1,343 Non-recourse notes payable secured by financing receivables and investments in operating leases with interest rates ranging from 2.04% to 8.45% as of March 31, 2018 an d 3.04% to 8.45% as Current $ 58,106 $ 40,863 Long-term 8,461 10,072 Total non-recourse notes payable $ 66,567 $ 50,935 Principal and interest payments on non-recourse notes payable are generally due monthly in amounts that are approximately equal to the total payments due from the customer under the leases or notes receivable that collateralize the notes payable. The weighted average interest rate for our non-recourse notes payable was and 4.04%, as of December 31, 2018 and March 31, 2018, respectively. The weighted average interest rate for our recourse notes payable was 4.11% as of March 31, 2018. Under recourse financing, if a customer defaults, the lender has recourse to the customer, the assets serving as collateral, and us. Under non-recourse financing, if a customer defaults, the lender generally only has recourse against the customer and the assets serving as collateral, but not us. Our technology segment, through our subsidiary e , finances its operations with funds generated from operations, and with a credit facility with Wells Fargo Commercial Distribution Finance, LLC or (“WFCDF”). This facility provides short-term capital for our technology segment. There are two components of the WFCDF credit facility: (1) a floor plan component, and (2) an accounts receivable component. Under the floor plan component, we had outstanding balances of $124.6 million and $112.1million as of December 31, 2018 and March 31, 2018, respectively. Under the accounts receivable component, we had no outstanding balances as of December 31, 2018 and March 31, 2018. As of December 31, 2018, the facility had an aggregate limit of $250 million for the two components, and the accounts receivable component had a sub-limit of $30 million, which bears interest assessed at a rate of the One Month LIBOR plus two and one-half percent. The credit facility has full recourse to e , and is secured by a blanket lien against all their assets, such as chattel paper, receivables and inventory. Availability under the facility may be limited by the asset value of equipment we purchase or accounts receivable and may be further limited by certain covenants and terms and conditions of the facility. These covenants include but are not limited to a minimum excess availability of the facility and e e e e e e The WFCDF facility requires a guaranty of $10.5 million by e e On July 27, 2017, we executed an amendment to the WFCDF credit facility that temporarily increases the aggregate limit of the two components from $250.0 million to $325.0 million from the date of the agreement through October 31, 2018. The amendment also provides us an election beginning July 1 in each subsequent year to similarly temporarily increase the aggregate limit of the two components to $325.0 million ending the earlier of 90 days following the date of election or October 31 of that same year. On January 15, 2019, we executed an amendment to the WFCDF credit facility that increases the maximum credit limit of the accounts receivable sub-limit component from $30.0 million to $50 million and modifies certain collateral terms of the credit facility. Fair Value As of December 31, 2018, and March 31, 2018, the fair value of our long-term recourse and non-recourse notes payable approximated their carrying value.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2018
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	9. Legal Proceedings From time to time, we may be subject to legal proceedings that arise in the ordinary course of business, and we are also subject to audit by local, state, federal, and international authorities and by various business partners and customers, relating to purchases and sales under various contracts. In the opinion of management, there was not at least a reasonable possibility that the Company may have incurred a material loss, or a material loss in excess of a recorded accrual, with respect to loss contingencies for asserted legal and other claims. However, the outcome of legal proceedings and claims brought against us is subject to significant uncertainty. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be materially adversely affected. During the quarter ended December 31, 2018, we received a distribution of $0.9 million from various claims we owned in a customer bankruptcy, which was recognized within other income in our condensed consolidated statements of operations. In January 2019, we received a distribution of $5.4 million from various claims we owned in a customer bankruptcy, which we will recognize in our fourth quarter of fiscal 2019 within other income.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Dec. 31, 2018
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	10. EARNINGS PER SHARE Basic earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding plus common stock equivalents during each period. The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net income per common share as disclosed on our unaudited consolidated statements of operations (in thousands, except per share data). Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Net earnings attributable to common shareholders - basic and diluted $ 14,864 $ 15,581 $ 48,140 $ 46,225 Basic and diluted common shares outstanding: Weighted average common shares outstanding — basic 13,471 13,851 13,467 13,845 Effect of dilutive shares 73 139 125 177 Weighted average shares common outstanding — diluted 13,544 13,990 13,592 14,022 Earnings per common share - basic $ 1.10 $ 1.12 $ 3.57 $ 3.34 Earnings per common share - diluted $ 1.10 $ 1.11 $ 3.54 $ 3.30

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Dec. 31, 2018
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	11. STOCKHOLDERS’ EQUITY Share Repurchase Plan On April 26, 2018, The plan authorized purchases to be made from time to time in the open market, or in privately negotiated transactions, subject to availability. Any repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes. During the nine months ended December 31, 2018, we purchased 156,087 shares of our outstanding common stock at an average cost of $77.04 per share for a total purchase price of $12.0 million under the share repurchase plan; we also purchased 40,092 shares of common stock at an average cost of $96.23 for a total purchase price of $3.9 million to satisfy tax withholding obligations relating to the vesting of employees’ restricted stock. During the nine months ended December 31, 2017, we purchased 125,605 shares of our outstanding common stock at an average cost of $77.88 per share for a total purchase price of $9.8 million under the share repurchase plan. We also purchased 57,725 shares of common stock at a value of $4.4 million to satisfy tax withholding obligations relating to the vesting of employees’ restricted stock.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2018
SHARE-BASED COMPENSATION [Abstract]
SHARE-BASED COMPENSATION	12. SHARE-BASED COMPENSATION Share-Based Plans As of December 31, 2018, we had share-based awards outstanding under the following Restricted Stock Activity For the nine months ended December 31, 2018, we granted 8,531 restricted shares under the 2017 Director LTIP, and 69,847 restricted shares under the 2012 Employee LTIP. For the nine months ended December 31, 2017, we granted 535 restricted shares under the 2008 Director LTIP, 5,310 restricted shares under the 2017 Director LTIP, and 66,530 restricted shares under the 2012 Employee LTIP. A summary of the restricted shares is as follows: Number of Shares Weighted Average Grant- date Fair Value Nonvested April 1, 2018 282,235 $ 51.69 Granted 78,378 $ 94.30 Vested (133,402 ) $ 49.19 Forfeited (2,814 ) $ 79.20 Nonvested December 31, 2018 224,397 $ 67.72 Upon each vesting period of the restricted stock awards, employees are subject to minimum tax withholding obligations. Under the 2012 Employee LTIP, we may purchase a sufficient number of shares due to the participant to satisfy their minimum tax withholding on employee stock awards. To satisfy this tax withholding obligation, the Company purchased 40,092 shares of the awarded common stock shares at a value of $3.9 million, which we included in treasury stock, during the nine months ended December 31, 2018. Compensation Expense We recognize compensation cost for awards of restricted stock with graded vesting on a straight-line basis over the requisite service period. There are no additional conditions for vesting other than service conditions. During the three months ended December 31, 2018 and 2017, we recognized $1.9 million and $1.7 million, respectively, of total share-based compensation expense. During the nine months ended December 31, 2018 and 2017, we recognized $5.4 million and $4.9 million, respectively, of total share-based compensation expense. Unrecognized compensation expense related to non-vested restricted stock was $11.2 million as of December 31, 2018, which will be fully recognized over the next thirty (30) months. We also provide our employees with a contributory 401(k) profit sharing plan, to which we may contribute from time to time at our sole discretion. Employer contributions to the plan are fully vested at all times. For the three months ended December 31, 2018 and 2017, our estimated contribution expense for the plan was $0.7 million and $0.5 million, respectively. For the nine months ended December 31, 2018 and 2017, our estimated contribution expense for the plan was $1.8 million and $1.6 million, respectively.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 31, 2018
INCOME TAXES [Abstract]
INCOME TAXES	13. INCOME TAXES We account for our tax positions in accordance with Codification Topic 740, Income Taxes Our total gross unrecognized tax benefits recorded for uncertain income tax, and interest and penalties thereon, were negligible as of December 31, 2018 and December 31, 2017. We had no additions or reductions to our gross unrecognized tax benefits during the three and nine months ended December 31, 2018. We recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Dec. 31, 2018
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	14. FAIR VALUE OF FINANCIAL INSTRUMENTS We account for the fair values of our assets and liabilities in accordance with Codification Topic 820, Fair Value Measurement and Disclosure. Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2018 Assets: Money market funds $ 40,241 $ 40,241 $ - $ - Liabilities: Contingent consideration $ 9,240 $ - $ - $ 9,240 March 31, 2018 Assets: Money market funds $ 60,385 $ 60,385 $ - $ - Liabilities: Contingent consideration $ 13,513 $ - $ - $ 13,513 For the three and nine months ended December 31, 2018, we recorded adjustments to operating expenses that increased the fair value of our liability for contingent consideration by $0.7 million and $1.9 million, respectively. For the three and nine months ended December 31, 2018, we made payments of $5.0 million and $6.1 million, respectively, to satisfy the current obligations of the contingent consideration arrangements. For the three and nine months ended December 31, 2017, we recorded adjustments that increased the fair value of our liability for contingent consideration by $0.7 million, and $12.6 million due to business acquisitions. For the nine months ended December 31, 2017, we made $0.6 million in payments to satisfy the current obligations of the contingent consideration arrangement from our earlier acquisition of Consolidated IT Services.

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Dec. 31, 2018
SEGMENT REPORTING [Abstract]
SEGMENT REPORTING	15. SEGMENT REPORTING Our operations are conducted through two operating segments that are also both reportable segments. Our technology segment includes sales of IT products, third-party software, third-party maintenance, advanced professional and managed services, and our proprietary software to commercial enterprises, state and local governments, and government contractors. Our financing segment consists of the financing of IT equipment, software, and related services to commercial enterprises, state and local governments, and government contractors. We measure the performance of the segments based on operating income. Our reportable segment information was as follows (in thousands): Three Months Ended December 31, 2018 December 31, 2017 Technology Financing Total Technology Financing Total Contracts with customers $ 329,635 $ 813 $ 330,448 $ 330,534 $ 4,523 $ 335,057 Financing and other 5,076 10,140 15,216 1,527 7,641 9,168 Net sales $ 334,711 $ 10,953 $ 345,664 $ 332,061 $ 12,164 $ 344,225 Cost of sales 260,738 2,013 262,751 263,917 3,620 267,537 Gross Profit 73,973 8,940 82,913 68,144 8,544 76,688 Selling, general, and administrative 56,607 3,121 59,728 53,836 3,298 57,134 Depreciation and amortization 2,714 5 2,719 2,893 1 2,894 Interest and financing costs - 443 443 - 270 270 Operating expenses 59,321 3,569 62,890 56,729 3,569 60,298 Operating income 14,652 5,371 20,023 11,415 4,975 16,390 Other income (expense) 721 (131 ) Earnings before tax $ 20,744 $ 16,259 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 2,910 $ 1,564 $ 4,474 $ 3,157 $ 1,422 $ 4,579 Purchases of property, equipment and operating lease equipment $ 1,496 $ 545 $ 2,041 $ 2,018 $ 844 $ 2,862 Selected Financial Data - Balance Sheet Total assets $ 613,494 $ 184,695 $ 798,189 $ 591,445 $ 169,068 $ 760,513 Nine Months Ended December 31, 2018 December 31, 2017 Technology Financing Total Technology Financing Total Contracts with customers $ 1,000,776 $ 2,469 $ 1,003,245 $ 1,042,738 $ 12,254 $ 1,054,992 Financing and other 15,567 28,427 43,994 10,900 23,052 33,952 Net sales $ 1,016,343 $ 30,896 $ 1,047,239 $ 1,053,638 $ 35,306 $ 1,088,944 Cost of sales 792,632 5,491 798,123 839,012 8,080 847,092 Gross Profit 223,711 25,405 249,116 214,626 27,226 241,852 Selling, general, and administrative 166,199 8,200 174,399 158,838 9,300 168,138 Depreciation and amortization 8,243 7 8,250 7,084 2 7,086 Interest and financing costs - 1,403 1,403 - 903 903 Operating expenses 174,442 9,610 184,052 165,922 10,205 176,127 Operating income 49,269 15,795 65,064 48,704 17,021 65,725 Other income (expense) 1,140 (1 ) Earnings before tax $ 66,204 $ 65,724 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 8,895 $ 4,446 $ 13,341 $ 7,413 $ 3,911 $ 11,324 Purchases of property, equipment and operating lease equipment $ 4,472 $ 4,020 $ 8,492 $ 4,064 $ 2,234 $ 6,298 Selected Financial Data - Balance Sheet Total assets $ 613,494 $ 184,695 $ 798,189 $ 591,445 $ 169,068 $ 760,513 Technology Segment Disaggregation of Revenue We analyze net sales for our technology segment by customer end market and by vendor, as opposed to discrete product and service categories, which are summarized below (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Customer end market: Technology $ 61,549 $ 73,554 $ 219,783 $ 254,310 Telecom, Media & Entertainment 58,377 50,289 144,657 157,201 Financial Services 54,411 63,326 147,048 154,124 SLED 43,846 40,724 173,442 184,380 Healthcare 48,121 53,750 145,652 144,607 All others 68,407 50,418 185,761 159,016 Net sales 334,711 332,061 1,016,343 1,053,638 Financing and other (5,076 ) (1,527 ) (15,567 ) (10,900 ) Revenue from contracts with customers $ 329,635 $ 330,534 $ 1,000,776 $ 1,042,738 Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Vendor Cisco Systems $ 131,949 $ 124,598 $ 423,249 $ 463,634 NetApp 12,408 21,712 37,447 47,599 HP Inc. & HPE 22,042 17,458 59,020 74,106 Dell / EMC 17,201 12,879 49,599 43,777 Arista Networks 13,668 13,203 44,139 37,730 Juniper 18,681 13,189 40,341 36,764 All others 118,762 129,022 362,548 350,028 Net sales 334,711 332,061 1,016,343 1,053,638 Financing and other (5,076 ) (1,527 ) (15,567 ) (10,900 ) Revenue from contracts with customers $ 329,635 $ 330,534 $ 1,000,776 $ 1,042,738 Financing Segment Disaggregation of Revenue We analyze our revenues within our financing segment based on the nature of the arrangement, and our revenues from contracts with customers consist of proceeds from the sale of off-lease equipment.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Dec. 31, 2018
BUSINESS COMBINATIONS [Abstract]
BUSINESS COMBINATIONS	16. SLAIT Consulting, LLC On January 22, 2019, our subsidiary, ePlus Technology, inc., acquired SLAIT Consulting, LLC (“SLAIT”). SLAIT is an IT consulting and solutions provider with a focus on security advisory and managed services, managed help desk, specialized IT, staffing, and data center solutions. SLAIT is headquartered in Virginia Beach, Virginia and has locations in Richmond, Virginia, and Charlotte, North Carolina. SLAIT provides consultative services in governance, risk management, and compliance, bespoke help desk and managed services solutions, and has relationships with fast-growing emerging vendors and related sales and engineering capabilities. Total consideration transferred was $50.7 million, which was paid in cash at closing. As of our filing date, the initial accounting for the business combination is incomplete. Integrated Data Storage, LLC acquisition On September 15, 2017, our subsidiary e Plus Technology, inc. acquired of Integrated Data Storage, LLC (“IDS”) though an asset purchase agreement. Headquartered in Oak Brook, Illinois and with offices in downtown Chicago, Illinois and Indianapolis, Indiana, IDS brought us an advanced data center solutions provider focused on cloud enablement and managed services, including its proprietary IDS Cloud, which features enterprise-class technology infrastructure coupled with consulting services to support private, hybrid, and public cloud deployments. The acquisition expanded e Plus’ footprint in the Midwest and enhanced its sales and engineering capabilities in cloud services, disaster recovery and backup as a service, storage, data center, and professional services. Our sum of total consideration transferred was $38.4 million, consisting of $29.8 million paid in cash at closing, less $1.4 million paid back as a working capital adjustment , plus an additional $10.0 million equal to the acquisition date fair value of consideration that is contingent on the acquired business’ future gross profit. The contingent consideration was calculated using the Monte Carlo simulation model based on our projections of future gross profits. The maximum payout of the contingent consideration is $15.0 million paid over 3 years. Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable and other assets $ 14,353 Property and equipment 1,620 Identified intangible assets 13,650 Accounts payable and other current liabilities (12,313 ) Total identifiable net assets 17,310 Goodwill 21,088 Total purchase consideration $ 38,398 The identified intangible assets of $13.7 million consist of customer relationships with an estimated useful life of 8 years. The fair value of acquired receivables equals the gross contractual amounts receivable. We expect to collect all acquired receivables. We recognized goodwill related to this transaction of $21.1 million, which was assigned to our technology reporting unit. The goodwill recognized in the acquisition is attributable to the acquired assembled workforce and expected synergies, none of which qualify for recognition as a separate intangible asset. The total amount of goodwill is expected to be deductible for tax purposes. The amount of revenues and earnings of the acquiree since the acquisition date are not material. Likewise, the impact to the revenue and earnings of the combined entity for the current reporting period through the acquisition date had the acquisition date been April 1, 2017, is not material. OneCloud Consulting Inc. On May 17, 2017, our subsidiary e Plus Technology, inc., acquired 100% of the stock of OneCloud Consulting, Inc. (“OneCloud”). Based in Milpitas, California, and with locations in India, OneCloud brought us a versatile team of highly trained technology consultants, architects, developers and instructors. Though OneCloud, we enable our customers’ cloud and application strategy via professional services, technical education and software development. The acquisition provides us with additional ability to address customers’ need for cloud-based solutions and infrastructure, including DevOps, OpenStack, and other emerging technologies. Our sum of total consideration transferred was $10.0 million consisting of $7.9 million paid in cash at closing, net of cash acquired, and $2.1 million equal to the fair value of contingent consideration, calculated using the Monte Carlo simulation model. The maximum payout of the contingent consideration is $4.5 million paid over 3 years. Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable and other assets $ 488 Identified intangible assets 4,130 Accounts payable and other current liabilities (1,822 ) Total identifiable net assets 2,796 Goodwill 7,189 Total purchase consideration $ 9,985 The identified intangible assets of $4.1 million consist of customer relationships of $1.7 million with an estimated useful life of 8 years, and internally developed processes of $2.4 million with an estimated useful life of 5 years. We recognized goodwill related to this transaction of $7.2 million, which was assigned to our technology reporting unit. The goodwill recognized in the acquisition is attributable to the acquired assembled workforce and expected synergies, none of which qualify for recognition as a separate intangible asset. The total amount of goodwill is expected to be deductible for tax purposes. The amount of revenues and earnings of the acquiree since the acquisition date are not material. Likewise, the impact to the revenue and earnings of the combined entity for the current reporting period through the acquisition date had the acquisition date been April 1, 2017, is not material.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Dec. 31, 2018
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION — The unaudited condensed consolidated financial statements include the accounts of e
INTERIM FINANCIAL STATEMENTS	INTERIM FINANCIAL STATEMENTS — The unaudited condensed consolidated financial statements for the three and nine months ended December 31, 2018 and 2017 were prepared by us, without audit, and include all normal and recurring adjustments that, in the opinion of management, are necessary for a fair presentation of our financial position, results of operations, changes in comprehensive income, and cash flows for such periods. Operating results for the three and nine months ended December 31, 2018 and 2017 are not necessarily indicative of results that may be expected for any other interim period, the full fiscal year ending March 31, 2019, or any other future period. These unaudited condensed consolidated financial statements do not include all disclosures required by the accounting principles generally accepted in the United States (“US GAAP”) for annual financial statements. Our audited consolidated financial statements are contained in our annual report on Form 10-K for the year ended March 31, 2018 (“2018 Annual Report”), which should be read in conjunction with these interim condensed consolidated financial statements.
USE OF ESTIMATES	USE OF ESTIMATES —
CONCENTRATIONS OF RISK	CONCENTRATIONS OF RISK — A substantial portion of our sales are products from Cisco Systems, which were 40% and 39% of our technology segment’s net sales for the three months ended December 31, 2018 and 2017, respectively, and 42% and 45% of our technology segment’s net sales for the nine months ended December 31, 2018 and 2017, respectively.
REVENUE RECOGNITION	REVENUE RECOGNITION — We recognize our revenues from the sales of third party products, third party software, third-party services such as maintenance and software support, e e The core principle of Codification Topic 606 is that an entity should recognize revenue for the transfer of goods and services equal to an amount it expects to be entitled to receive for those goods and services. We account for a contract under Codification Topic 606 when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are established, the contract has commercial substance, and collectability of consideration is probable. Revenues are reported net of sales refunds, including an estimate of future returns based on an evaluation of historical sales returns, current economic conditions, volume, and other relevant factors. Our contracts with customers may include multiple promises that are distinct performance obligations. For such arrangements, we allocate the transaction price to each performance obligation based on its relative standalone selling price. We determine standalone selling prices using expected cost-plus margin. We recognize revenue when (or as) we satisfy a performance obligation by transferring a promised good or service to a customer. A good or service is transferred when (or as) the customer obtains control of that good or service. Depending on the nature of each performance obligation, this may be at a point in time or over time, as further described below. We typically invoice our customers for third party products upon shipment, unless our customers lease the equipment through our financing segment, in which case the arrangement is accounted for as a lease in accordance with Codification Topic 840, Leases Sales of third party products We are the principal in sales of third party products. As such, we recognize sales on a gross basis with the selling price to the customer recorded as sales and the acquisition cost of the product recognized as cost of sales. We recognize revenue from these sales at the point in time that control passes to the customer, which is typically upon delivery of the product to the customer. In some instances, our customers may request that we bill them for a product but retain physical possession of the product until later delivery, commonly known as “bill-and-hold” arrangements. In these transactions, we recognize revenue when the customer has signed a bill-and-hold agreement with us, the product is identified separately as belonging to the customer and, when orders include configuration, such configuration is complete, and the product is ready for delivery to the customer. We recognize sales of leased equipment within our financing segment when control passes to the customer, which is typically the date of sale. Sales of third party software We are typically the principal in sales of third party software. We often sell third party support accompanying third party software. When the third-party software benefits the customer only in conjunction with the accompanying support, such as in sales of anti-virus software and support, we consider the third-party software and support as inputs to a single performance obligation. The third party controls the service as it is transferred to the customer and therefore we are acting as an agent in these transactions. We recognize revenue from these sales on a net basis when our customer and vendor accept the terms and conditions of the arrangement. Sales of third party maintenance, software support, and services We are the agent in sales of third party maintenance, software support, and services as the third party controls the service until it is transferred to the customer. We recognize sales on a net basis equal to the selling price to the customer less the acquisition cost. We recognize revenue from these sales when our customer and vendor accept the terms and conditions of the arrangement. Sales of ePlus professional and managed services Our e e We provide e In arrangements for e We host e Freight and sales tax We present freight billed to our customers within sales and the related freight charged to us within cost of sales. We present sales tax collected from customers and remittances to governmental authorities on a net basis. Financing revenue and other We account for leases to customers in accordance with Codification Topic 840, Leases We consider whether a lease meets any of the following four criteria as part of classifying the lease at its inception: · the lease transfers ownership of the property to the lessee by the end of the lease term; · the lease contains a bargain purchase option; · the lease term is equal to 75 percent or more of the estimated economic life of the leased property; or · the present value at the beginning of the lease term of the minimum lease payments equals or exceeds 90 percent of the fair value of the leased property at the inception of the lease. If a lease meets any of the four lease classification criteria and gives rise to dealer’s profit, we classify the lease as a sales-type lease. For sales-type leases, we recognize sales equal to the present value of the minimum lease payments discounted using the implicit interest rate in the lease and cost of sales equal to carrying amount of the asset being leased and any initial direct costs incurred, less the present value of the unguaranteed residual. Interest income from the lease is recognized in sales over the lease term in our financing segment. If a lease meets any of the four lease classification criteria, and does not give rise to dealer’s profit, we classify the lease as a direct financing lease. For direct financing leases, the difference between our gross investment in the lease and the cost of the leased property is deferred as unearned income and recognized as sales over the lease term. If a lease meets none of the four lease classification criteria, we classify the lease as an operating lease. For operating leases, we recognize the rent charged on the lease as sales on a straight-line basis ratably over the term of the lease agreement. We may also finance third-party software and third-party services for our customers, which are classified as notes receivable. We recognize interest on notes receivable in net sales. Codification Topic 860, Transfers and Servicing
CONTRACT BALANCES	CONTRACT BALANCES — We recognize contract liabilities when cash payments are received or due in advance of our performance.
COSTS OF OBTAINING A CONTRACT	COSTS OF OBTAINING A CONTRACT — We capitalize costs that are incremental to obtaining customer contracts, predominately sales commissions, and expense them in proportion to each completed contract performance obligation.

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Dec. 31, 2018
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS —We adopted ASU 2014-09 on April 1, 2018, using the full retrospective method. Under the full retrospective method, we apply the guidance retrospectively to each prior reporting period presented. The impact from the adopting ASU 2014-09 on our consolidated balance sheet as of March 31, 2018, was a decrease in accounts receivable – trade of $1.9 million, an increase in accounts receivable – other of $1.9 million, a decrease in deferred costs of $3.2 million, and a decrease in deferred revenues of $3.2 million. There is no impact to our retained earnings as of March 31, 2018. The impact on our consolidated statement of operations was an increase in net sales and cost of sales by $1.7 million for the three months ended December 31, 2017 and an increase of $8.4 million in net sales and cost of sales for the nine months ended December 31, 2017. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED —In June 2016, the FASB issued ASU 2016-13, Financial Instruments- Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In November 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases (Topic 842): Targeted Improvements

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Dec. 31, 2018
REVENUES [Abstract]
Balance of Receivables, Contract Assets, and Contract Liabilities	The following table provides the balance of contract liabilities from contracts with customers (in thousands): Contract liabilities December 31, 2018 March 31, 2018 Current (included in deferred revenue) $ 38,539 $ 34,643 Non-current (included in other liabilities) $ 13,682 $ 12,699
Remaining Performance Obligations	The following table includes revenue expected to be recognized in the future related to performance obligations , are unsatisfied or partially unsatisfied at the end of the reporting period, in thousands. The table does not include the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts where we recognize revenue at the amount that we have the right to invoice for services performed. Remaining three months of fiscal 2019 $ 11,932 Fiscal 2020 12,892 Fiscal 2021 6,839 Fiscal 2022 1,078 Fiscal 2023 302 Fiscal 2024 2 Total remaining performance obligations $ 33,045

FINANCING RECEIVABLES AND OPE_2

FINANCING RECEIVABLES AND OPERATING LEASES (Tables)	9 Months Ended
	Dec. 31, 2018
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
Notes Receivable Net and Investments in Leases	Our financing receivables-net consist of the following (in thousands): December 31, 2018 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 69,898 $ 76,825 $ 146,723 Estimated unguaranteed residual value (1) - 13,180 13,180 Initial direct costs, net of amortization (2) 582 392 974 Unearned income - (10,228 ) (10,228 ) Reserve for credit losses (3) (536 ) (509 ) (1,045 ) Total, net $ 69,944 $ 79,660 $ 149,604 Reported as: Current $ 53,150 $ 40,873 $ 94,023 Long-term 16,794 38,787 55,581 Total, net $ 69,944 $ 79,660 $ 149,604 (1) Includes estimated unguaranteed residual values of $8,407 thousand for direct financing leases, which have been sold and accounted for as sales. (2) Initial direct costs are shown net of amortization of $313 thousand. (3) For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.” March 31, 2018 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 62,992 $ 65,943 $ 128,935 Estimated unguaranteed residual value (1) - 11,226 11,226 Initial direct costs, net of amortization (2) 375 334 709 Unearned income - (8,251 ) (8,251 ) Reserve for credit losses (3) (486 ) (640 ) (1,126 ) Total, net $ 62,881 $ 68,612 $ 131,493 Reported as: Current $ 39,993 $ 29,943 $ 69,936 Long-term 22,888 38,669 61,557 Total, net $ 62,881 $ 68,612 $ 131,493 (1) Includes estimated unguaranteed residual values of $6,004 thousand for direct financing leases that have been sold and accounted for as sales. (2) Initial direct costs are shown net of amortization of $341 thousand. (3) For details on reserve for credit losses, refer to Note 6, “Reserves for Credit Losses.”
Investment in Operating Lease Equipment - Net	The components of the operating leases—net are as follows (in thousands): December 31, 2018 March 31, 2018 Cost of equipment under operating leases $ 22,451 $ 15,683 Accumulated depreciation (9,974 ) (8,729 ) Investment in operating lease equipment—net (1) $ 12,477 $ 6,954 (1) Includes estimated unguaranteed residual values of $3,133 thousand and $1,921 thousand as of December 31, 2018 and March 31, 2018, respectively.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Dec. 31, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
Changes in Goodwill	The following table summarizes the changes in the carrying amount of goodwill (in thousands): Nine Months Ended December 31, 2018 Nine Months Ended December 31, 2017 Goodwill Accumulated Impairment Loss Net Carrying Amount Goodwill Accumulated Impairment Loss Net Carrying Amount Beginning Balance $ 85,297 $ (8,673 ) $ 76,624 $ 57,070 $ (8,673 ) $ 48,397 Acquisitions - - - 27,996 - 27,996 Foreign currency translations (223 ) - (223 ) 153 - 153 Ending Balance $ 85,074 $ (8,673 ) $ 76,401 $ 85,219 $ (8,673 ) $ 76,546
Other Intangible Assets	Our other intangible assets consist of the following (in thousands): December 31, 2018 March 31, 2018 Gross Carrying Amount Accumulated Amortization / Impairment Loss Net Carrying Amount Gross Carrying Amount Accumulated Amortization / Impairment Loss Net Carrying Amount Customer relationships & other intangibles $ 42,368 $ (23,549 ) $ 18,819 $ 41,895 $ (18,634 ) $ 23,261 Capitalized software development 6,371 (2,465 ) 3,906 5,608 (2,567 ) 3,041 Total $ 48,739 $ (26,014 ) $ 22,725 $ 47,503 $ (21,201 ) $ 26,302

RESERVES FOR CREDIT LOSSES (Tab

RESERVES FOR CREDIT LOSSES (Tables)	9 Months Ended
	Dec. 31, 2018
RESERVES FOR CREDIT LOSSES [Abstract]
Activity in Reserves for Credit Losses	Activity in our reserves for credit losses were as follows (in thousands): Accounts Receivable Notes Receivable Lease- Related Receivables Total Balance April 1, 2018 $ 1,538 $ 486 $ 640 $ 2,664 Provision for credit losses 275 50 (131 ) 194 Write-offs and other (246 ) - - (246 ) Balance December 31, 2018 $ 1,567 $ 536 $ 509 $ 2,612 Accounts Receivable Notes Receivable Lease- Related Receivables Total Balance April 1, 2017 $ 1,279 $ 3,434 $ 679 $ 5,392 Provision for credit losses 165 37 106 308 Write-offs and other - (3,020 ) (164 ) (3,184 ) Balance December 31, 2017 $ 1,444 $ 451 $ 621 $ 2,516
Reserve for Credit Losses and Minimum Lease Payments Associated with Notes Receivable and Investment in Direct Financing and Sales-type Lease Balances Disaggregated Based on Our Impairment Method	Our reserves for credit losses and minimum payments associated with our notes receivables and lease-related receivables disaggregated based on of our impairment method were as follows (in thousands): December 31, 2018 March 31, 2018 Notes Receivable Lease- Related Notes Receivable Lease- Related Receivables Reserves for credit losses: Ending balance: collectively evaluated for impairment $ 474 $ 509 $ 424 $ 640 Ending balance: individually evaluated for impairment 62 - 62 - Ending balance $ 536 $ 509 $ 486 $ 640 Minimum payments: Ending balance: collectively evaluated for impairment $ 69,836 $ 76,825 $ 62,930 $ 65,943 Ending balance: individually evaluated for impairment 62 - 62 - Ending balance $ 69,898 $ 76,825 $ 62,992 $ 65,943
Balance Disaggregated Based on Internally Assigned CQR	The age of the recorded minimum lease payments and net credit exposure associated with our investment in direct financing and sales-type leases that are past due disaggregated based on our internally assigned credit quality rating (“CQR”) were as follows as of December 31, 2018 and March 31, 2018 (in thousands): 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Unbilled Minimum Lease Payments Total Minimum Lease Payments Unearned Income Non- Recourse Notes Payable Net Credit Exposure December 31, 2018 High CQR $ 155 $ 22 $ 70 $ 247 $ 128 $ 44,511 $ 44,886 $ (5,497 ) $ (26,929 ) $ 12,460 Average CQR 36 3 73 112 59 31,768 31,939 (2,639 ) (19,381 ) 9,919 Low CQR - - - - - - - - - - Total $ 191 $ 25 $ 143 $ 359 $ 187 $ 76,279 $ 76,825 $ (8,136 ) $ (46,310 ) $ 22,379 March 31, 2018 High CQR $ 143 $ 40 $ 43 $ 226 $ 224 $ 33,779 $ 34,229 $ (3,743 ) $ (17,207 ) $ 13,279 Average CQR 109 31 117 257 171 31,286 31,714 (2,749 ) (16,012 ) 12,953 Low CQR - - - - - - - - - - Total $ 252 $ 71 $ 160 $ 483 $ 395 $ 65,065 $ 65,943 $ (6,492 ) $ (33,219 ) $ 26,232
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR	The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows (in thousands): 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Current Unbilled Notes Receivable Total Notes Receivable Non- Recourse Notes Payable Net Credit Exposure December 31, 2018 High CQR $ 2,905 $ - $ 560 $ 3,465 $ 1,824 $ 55,048 $ 60,337 $ (42,836 ) $ 17,501 Average CQR 152 7 661 820 39 8,640 9,499 (2,513 ) 6,986 Low CQR - - 62 62 - - 62 - 62 Total $ 3,057 $ 7 $ 1,283 $ 4,347 $ 1,863 $ 63,688 $ 69,898 $ (45,349 ) $ 24,549 March 31, 2018 High CQR $ 175 $ 527 $ 423 $ 1,125 $ 3,262 $ 40,896 $ 45,283 $ (30,345 ) $ 14,938 Average CQR 42 409 22 473 394 16,780 17,647 (10,424 ) 7,223 Low CQR - - 62 62 - - 62 - 62 Total $ 217 $ 936 $ 507 $ 1,660 $ 3,656 $ 57,676 $ 62,992 $ (40,769 ) $ 22,223

PROPERTY, EQUIPMENT, OTHER AS_2

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Dec. 31, 2018
PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES [Abstract]
Property, Equipment, Other Assets and Liabilities	Our property, equipment, other assets and liabilities consist of the following (in thousands): December 31, 2018 March 31, 2018 Other current assets: Deposits & funds held in escrow $ 565 $ 16,202 Prepaid assets 6,941 7,031 Other 427 392 Total other current assets $ 7,933 $ 23,625 Property, equipment and other assets Property and equipment, net $ 6,973 $ 7,510 Deferred costs 9,641 9,302 Other 1,229 2,331 Total other assets - long term $ 17,843 $ 19,143 Other current liabilities: Accrued expenses $ 6,656 $ 8,339 Accrued income taxes payable 280 175 Contingent consideration - current 5,227 5,806 Other 6,234 19,050 Total other current liabilities $ 18,397 $ 33,370 Other liabilities: Deferred revenue $ 13,869 $ 12,910 Contingent consideration - long-term 4,013 7,707 Other - 450 Total other liabilities - long term $ 17,882 $ 21,067

NOTES PAYABLE AND CREDIT FACI_2

NOTES PAYABLE AND CREDIT FACILITY (Tables)	9 Months Ended
	Dec. 31, 2018
NOTES PAYABLE AND CREDIT FACILITY [Abstract]
Non-recourse and Recourse Obligations	Non-recourse and recourse obligations consist of the following (in thousands): December 31, 2018 March 31, 2018 Recourse notes payable with interest rate of 4.11% at March 31, 2018. Current $ - $ 1,343 Non-recourse notes payable secured by financing receivables and investments in operating leases with interest rates ranging from 2.04% to 8.45% as of March 31, 2018 an d 3.04% to 8.45% as Current $ 58,106 $ 40,863 Long-term 8,461 10,072 Total non-recourse notes payable $ 66,567 $ 50,935

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Dec. 31, 2018
EARNINGS PER SHARE [Abstract]
Reconciliation of Numerators and Denominators Used to Calculate Basic and Diluted Earnings per Common Share	The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net income per common share as disclosed on our unaudited consolidated statements of operations (in thousands, except per share data). Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Net earnings attributable to common shareholders - basic and diluted $ 14,864 $ 15,581 $ 48,140 $ 46,225 Basic and diluted common shares outstanding: Weighted average common shares outstanding — basic 13,471 13,851 13,467 13,845 Effect of dilutive shares 73 139 125 177 Weighted average shares common outstanding — diluted 13,544 13,990 13,592 14,022 Earnings per common share - basic $ 1.10 $ 1.12 $ 3.57 $ 3.34 Earnings per common share - diluted $ 1.10 $ 1.11 $ 3.54 $ 3.30

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 2018
SHARE-BASED COMPENSATION [Abstract]
Summary of Restricted Shares	A summary of the restricted shares is as follows: Number of Shares Weighted Average Grant- date Fair Value Nonvested April 1, 2018 282,235 $ 51.69 Granted 78,378 $ 94.30 Vested (133,402 ) $ 49.19 Forfeited (2,814 ) $ 79.20 Nonvested December 31, 2018 224,397 $ 67.72

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Dec. 31, 2018
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Fair Value Hierarchy of Financial Instruments	The following table summarizes the fair value hierarchy of our financial instruments (in thousands): Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2018 Assets: Money market funds $ 40,241 $ 40,241 $ - $ - Liabilities: Contingent consideration $ 9,240 $ - $ - $ 9,240 March 31, 2018 Assets: Money market funds $ 60,385 $ 60,385 $ - $ - Liabilities: Contingent consideration $ 13,513 $ - $ - $ 13,513

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Dec. 31, 2018
SEGMENT REPORTING [Abstract]
Segment Reporting Information, by Reportable Segment	Our reportable segment information was as follows (in thousands): Three Months Ended December 31, 2018 December 31, 2017 Technology Financing Total Technology Financing Total Contracts with customers $ 329,635 $ 813 $ 330,448 $ 330,534 $ 4,523 $ 335,057 Financing and other 5,076 10,140 15,216 1,527 7,641 9,168 Net sales $ 334,711 $ 10,953 $ 345,664 $ 332,061 $ 12,164 $ 344,225 Cost of sales 260,738 2,013 262,751 263,917 3,620 267,537 Gross Profit 73,973 8,940 82,913 68,144 8,544 76,688 Selling, general, and administrative 56,607 3,121 59,728 53,836 3,298 57,134 Depreciation and amortization 2,714 5 2,719 2,893 1 2,894 Interest and financing costs - 443 443 - 270 270 Operating expenses 59,321 3,569 62,890 56,729 3,569 60,298 Operating income 14,652 5,371 20,023 11,415 4,975 16,390 Other income (expense) 721 (131 ) Earnings before tax $ 20,744 $ 16,259 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 2,910 $ 1,564 $ 4,474 $ 3,157 $ 1,422 $ 4,579 Purchases of property, equipment and operating lease equipment $ 1,496 $ 545 $ 2,041 $ 2,018 $ 844 $ 2,862 Selected Financial Data - Balance Sheet Total assets $ 613,494 $ 184,695 $ 798,189 $ 591,445 $ 169,068 $ 760,513 Nine Months Ended December 31, 2018 December 31, 2017 Technology Financing Total Technology Financing Total Contracts with customers $ 1,000,776 $ 2,469 $ 1,003,245 $ 1,042,738 $ 12,254 $ 1,054,992 Financing and other 15,567 28,427 43,994 10,900 23,052 33,952 Net sales $ 1,016,343 $ 30,896 $ 1,047,239 $ 1,053,638 $ 35,306 $ 1,088,944 Cost of sales 792,632 5,491 798,123 839,012 8,080 847,092 Gross Profit 223,711 25,405 249,116 214,626 27,226 241,852 Selling, general, and administrative 166,199 8,200 174,399 158,838 9,300 168,138 Depreciation and amortization 8,243 7 8,250 7,084 2 7,086 Interest and financing costs - 1,403 1,403 - 903 903 Operating expenses 174,442 9,610 184,052 165,922 10,205 176,127 Operating income 49,269 15,795 65,064 48,704 17,021 65,725 Other income (expense) 1,140 (1 ) Earnings before tax $ 66,204 $ 65,724 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 8,895 $ 4,446 $ 13,341 $ 7,413 $ 3,911 $ 11,324 Purchases of property, equipment and operating lease equipment $ 4,472 $ 4,020 $ 8,492 $ 4,064 $ 2,234 $ 6,298 Selected Financial Data - Balance Sheet Total assets $ 613,494 $ 184,695 $ 798,189 $ 591,445 $ 169,068 $ 760,513
Disaggregation of Revenue	We analyze net sales for our technology segment by customer end market and by vendor, as opposed to discrete product and service categories, which are summarized below (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Customer end market: Technology $ 61,549 $ 73,554 $ 219,783 $ 254,310 Telecom, Media & Entertainment 58,377 50,289 144,657 157,201 Financial Services 54,411 63,326 147,048 154,124 SLED 43,846 40,724 173,442 184,380 Healthcare 48,121 53,750 145,652 144,607 All others 68,407 50,418 185,761 159,016 Net sales 334,711 332,061 1,016,343 1,053,638 Financing and other (5,076 ) (1,527 ) (15,567 ) (10,900 ) Revenue from contracts with customers $ 329,635 $ 330,534 $ 1,000,776 $ 1,042,738 Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Vendor Cisco Systems $ 131,949 $ 124,598 $ 423,249 $ 463,634 NetApp 12,408 21,712 37,447 47,599 HP Inc. & HPE 22,042 17,458 59,020 74,106 Dell / EMC 17,201 12,879 49,599 43,777 Arista Networks 13,668 13,203 44,139 37,730 Juniper 18,681 13,189 40,341 36,764 All others 118,762 129,022 362,548 350,028 Net sales 334,711 332,061 1,016,343 1,053,638 Financing and other (5,076 ) (1,527 ) (15,567 ) (10,900 ) Revenue from contracts with customers $ 329,635 $ 330,534 $ 1,000,776 $ 1,042,738

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Dec. 31, 2018
Integrated Data Storage LLC [Member]
Business Acquisition [Line Items]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable and other assets $ 14,353 Property and equipment 1,620 Identified intangible assets 13,650 Accounts payable and other current liabilities (12,313 ) Total identifiable net assets 17,310 Goodwill 21,088 Total purchase consideration $ 38,398
OneCloud Consulting, Inc [Member]
Business Acquisition [Line Items]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable and other assets $ 488 Identified intangible assets 4,130 Accounts payable and other current liabilities (1,822 ) Total identifiable net assets 2,796 Goodwill 7,189 Total purchase consideration $ 9,985

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Minimum [Member]
REVENUE RECOGNITION [Abstract]
Lease criteria, estimated economic life	75.00%		75.00%
Lease criteria, fair value of lease payments at inception of lease	90.00%		90.00%
Net Sales [Member] | Cisco Systems [Member]
Concentration of risk [Abstract]
Percentage of concentration risk	40.00%	39.00%	42.00%	45.00%

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Abstract]
Accounts receivable-trade, net	$ (324,695)		$ (324,695)		$ (268,287)
Accounts receivable-other, net	34,245		34,245		28,401
Deferred costs	(16,537)		(16,537)		(16,589)
Deferred revenue	(39,444)		(39,444)		(35,648)
Net sales	330,448	$ 335,057	1,003,245	$ 1,054,992
Cost of sales	$ 262,751	267,537	$ 798,123	847,092
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | ASU 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Abstract]
Accounts receivable-trade, net					(1,900)
Accounts receivable-other, net					1,900
Deferred costs					(3,200)
Deferred revenue					$ (3,200)
Net sales		1,700		8,400
Cost of sales		$ 1,700		$ 8,400

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2018
Contract with Customer, Asset and Liability [Abstract]
Accounts receivable - trade	$ 17,100		$ 17,100		$ 28,100
Current (included in deferred revenue)	38,539		38,539		34,643
Non-current (included in other liabilities)	13,682		13,682		$ 12,699
Revenue recognized from the beginning contract liability	7,300	$ 2,300	28,200	$ 57,800
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	33,045		33,045
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 11,932		$ 11,932
Expected timing of satisfaction, period	3 months		3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 12,892		$ 12,892
Expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 6,839		$ 6,839
Expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 1,078		$ 1,078
Expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 302		$ 302
Expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 2		$ 2
Expected timing of satisfaction, period	1 year		1 year

FINANCING RECEIVABLES AND OPE_3

FINANCING RECEIVABLES AND OPERATING LEASES (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Dec. 31, 2018		Dec. 31, 2017	Dec. 31, 2018		Dec. 31, 2017	Mar. 31, 2018		Mar. 31, 2017
Financing Receivables [Abstract]
Reserve for credit losses		$ (2,612)		$ (2,516)	$ (2,612)		$ (2,516)	$ (2,664)		$ (5,392)
Reported as [Abstract]
Current		94,023			94,023			69,936
Estimated unguaranteed residual values for direct financing lease		8,407			8,407			6,004
Accumulated amortization of initial direct cost		313			313			341
Investment in operating lease equipment - net [Abstract]
Cost of equipment under operating leases		22,451			22,451			15,683
Accumulated depreciation		(9,974)			(9,974)			(8,729)
Investment in operating lease equipment - net	[1]	12,477			12,477			6,954
Unguaranteed residual value of operating lease equipment net		3,133			3,133			1,921
Collateral for non-recourse notes payable - Finance receivables		68,300			68,300			52,000
Collateral for non-recourse notes payable - Operating leases		8,500			8,500			5,300
Gain on sale of financing receivables		2,400		1,200	5,000		4,600
Proceeds from sale of financing receivables		95,200		32,800	189,200		166,900
Contract liabilities - servicing of financial assets		400			400			500
Maximum potential future payments related guarantees		300			300
Notes Receivables [Member]
Financing Receivables [Abstract]
Minimum payments		69,898			69,898			62,992
Estimated unguaranteed residual value		0	[2]		0	[2]		0	[3]
Initial direct costs, net of amortization		582	[4]		582	[4]		375	[5]
Unearned income		0			0			0
Reserve for credit losses		(536)	[6]	(451)	(536)	[6]	(451)	(486)	[6]	(3,434)
Total, net		69,944			69,944			62,881
Reported as [Abstract]
Current		53,150			53,150			39,993
Long-term		16,794			16,794			22,888
Total, net		69,944			69,944			62,881
Lease-Related Receivables [Member]
Financing Receivables [Abstract]
Minimum payments		76,825			76,825			65,943
Estimated unguaranteed residual value		13,180	[2]		13,180	[2]		11,226	[3]
Initial direct costs, net of amortization		392	[4]		392	[4]		334	[5]
Unearned income		(10,228)			(10,228)			(8,251)
Reserve for credit losses		(509)	[6]	$ (621)	(509)	[6]	$ (621)	(640)	[6]	$ (679)
Total, net		79,660			79,660			68,612
Reported as [Abstract]
Current		40,873			40,873			29,943
Long-term		38,787			38,787			38,669
Total, net		79,660			79,660			68,612
Financing Receivables [Member]
Financing Receivables [Abstract]
Minimum payments		146,723			146,723			128,935
Estimated unguaranteed residual value		13,180	[2]		13,180	[2]		11,226	[3]
Initial direct costs, net of amortization		974	[4]		974	[4]		709	[5]
Unearned income		(10,228)			(10,228)			(8,251)
Reserve for credit losses	[6]	(1,045)			(1,045)			(1,126)
Total, net		149,604			149,604			131,493
Reported as [Abstract]
Current		94,023			94,023			69,936
Long-term		55,581			55,581			61,557
Total, net		$ 149,604			$ 149,604			$ 131,493
[1]	Includes estimated unguaranteed residual values of $3,133 thousand and $1,921 thousand as of December 31, 2018 and March 31, 2018, respectively.
[2]	Includes estimated unguaranteed residual values of $8,407 thousand for direct financing leases, which have been sold and accounted for as sales.
[3]	Includes estimated unguaranteed residual values of $6,004 thousand for direct financing leases that have been sold and accounted for as sales.
[4]	Initial direct costs are shown net of amortization of $313 thousand.
[5]	Initial direct costs are shown net of amortization of $341 thousand.
[6]	For details on reserve for credit losses, refer to Note 6, "Reserves for Credit Losses."

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, Goodwill (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2018USD ($)Unit	Dec. 31, 2017USD ($)
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
Number of reporting units | Unit	1
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 85,297	$ 57,070
Goodwill, Accumulated Amortization / Impairment Loss, Beginning Balance	(8,673)	(8,673)
Goodwill, Net Carrying Amount, Beginning Balance	76,624	48,397
Acquisitions	0	27,996
Foreign currency translations	(223)	153
Goodwill, Ending Balance	85,074	85,219
Goodwill, Accumulated Amortization / Impairment Loss, Ending Balance	(8,673)	(8,673)
Goodwill, Net Carrying Amount, Ending Balance	$ 76,401	$ 76,546

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, Other Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2018
Other Intangible Assets [Abstract]
Intangibles assets, Gross carrying amount	$ 48,739		$ 48,739		$ 47,503
Intangibles Assets, Accumulated amortization / Impairment Loss	(26,014)		(26,014)		(21,201)
Intangible assets, Net Carrying Amount	22,725		22,725		26,302
Total amortization expense for other intangible assets	1,700	$ 1,900	5,300	$ 4,200
Customer Relationships and Other Intangibles [Member]
Other Intangible Assets [Abstract]
Intangibles assets, Gross carrying amount	42,368		42,368		41,895
Intangibles Assets, Accumulated amortization / Impairment Loss	(23,549)		(23,549)		(18,634)
Intangible assets, Net Carrying Amount	18,819		$ 18,819		23,261
Customer Relationships [Member] | Minimum [Member]
Other Intangible Assets [Abstract]
Estimated useful life			3 years
Customer Relationships [Member] | Maximum [Member]
Other Intangible Assets [Abstract]
Estimated useful life			8 years
Capitalized Software Development [Member]
Other Intangible Assets [Abstract]
Intangibles assets, Gross carrying amount	6,371		$ 6,371		5,608
Intangibles Assets, Accumulated amortization / Impairment Loss	(2,465)		(2,465)		(2,567)
Intangible assets, Net Carrying Amount	$ 3,906		$ 3,906		$ 3,041
Capitalized Software Development [Member] | Minimum [Member]
Other Intangible Assets [Abstract]
Estimated useful life			3 years
Capitalized Software Development [Member] | Maximum [Member]
Other Intangible Assets [Abstract]
Estimated useful life			8 years
Trade Names and Trademarks [Member]
Other Intangible Assets [Abstract]
Estimated useful life			10 years

RESERVES FOR CREDIT LOSSES, Act

RESERVES FOR CREDIT LOSSES, Activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2018		Dec. 31, 2017
Activity in reserves for credit losses [Roll Forward]
Balance	$ 2,664		$ 5,392
Provision for credit losses	194		308
Write-offs and other	(246)		(3,184)
Balance	2,612		2,516
Accounts Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	1,538		1,279
Provision for credit losses	275		165
Write-offs and other	(246)		0
Balance	1,567		1,444
Notes Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	486	[1]	3,434
Provision for credit losses	50		37
Write-offs and other	0		(3,020)
Balance	536	[1]	451
Lease-Related Receivables [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	640	[1]	679
Provision for credit losses	(131)		106
Write-offs and other	0		(164)
Balance	$ 509	[1]	$ 621
[1]	For details on reserve for credit losses, refer to Note 6, "Reserves for Credit Losses."

RESERVES FOR CREDIT LOSSES, Dis

RESERVES FOR CREDIT LOSSES, Disaggregated Based on Impairment (Details) - USD ($) $ in Thousands	Dec. 31, 2018		Mar. 31, 2018		Dec. 31, 2017	Mar. 31, 2017
Reserve for credit losses [Abstract]
Ending balance	$ 2,612		$ 2,664		$ 2,516	$ 5,392
Accounts Receivable [Member]
Reserve for credit losses [Abstract]
Ending balance	1,567		1,538		1,444	1,279
Notes Receivable [Member]
Reserve for credit losses [Abstract]
Ending balance: collectively evaluated for impairment	474		424
Ending balance: individually evaluated for impairment	62		62
Ending balance	536	[1]	486	[1]	451	3,434
Minimum payments [Abstract]
Ending balance: collectively evaluated for impairment	69,836		62,930
Ending balance: individually evaluated for impairment	62		62
Ending balance	69,898		62,992
Lease-Related Receivables [Member]
Reserve for credit losses [Abstract]
Ending balance: collectively evaluated for impairment	509		640
Ending balance: individually evaluated for impairment	0		0
Ending balance	509	[1]	640	[1]	$ 621	$ 679
Minimum payments [Abstract]
Ending balance: collectively evaluated for impairment	76,825		65,943
Ending balance: individually evaluated for impairment	0		0
Ending balance	$ 76,825		$ 65,943
[1]	For details on reserve for credit losses, refer to Note 6, "Reserves for Credit Losses."

RESERVES FOR CREDIT LOSSES, CQR

RESERVES FOR CREDIT LOSSES, CQR (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	$ 359	$ 483
Current	187	395
Unbilled minimum lease payments	76,279	65,065
Total minimum lease payments	76,825	65,943
Unearned income	(8,136)	(6,492)
Non-recourse notes payable	(46,310)	(33,219)
Net credit exposure	22,379	26,232
Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	4,347	1,660
Current	1,863	3,656
Unbilled minimum lease payments	63,688	57,676
Total minimum lease payments	69,898	62,992
Non-recourse notes payable	(45,349)	(40,769)
Net credit exposure	$ 24,549	22,223
High CQR [Member] | Minimum [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Losses on net credit exposure	0.00%
High CQR [Member] | Maximum [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Losses on net credit exposure	5.00%
High CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	$ 247	226
Current	128	224
Unbilled minimum lease payments	44,511	33,779
Total minimum lease payments	44,886	34,229
Unearned income	(5,497)	(3,743)
Non-recourse notes payable	(26,929)	(17,207)
Net credit exposure	12,460	13,279
High CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	3,465	1,125
Current	1,824	3,262
Unbilled minimum lease payments	55,048	40,896
Total minimum lease payments	60,337	45,283
Non-recourse notes payable	(42,836)	(30,345)
Net credit exposure	$ 17,501	14,938
Average CQR [Member] | Minimum [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Losses on net credit exposure	2.00%
Average CQR [Member] | Maximum [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Losses on net credit exposure	15.00%
Average CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	$ 112	257
Current	59	171
Unbilled minimum lease payments	31,768	31,286
Total minimum lease payments	31,939	31,714
Unearned income	(2,639)	(2,749)
Non-recourse notes payable	(19,381)	(16,012)
Net credit exposure	9,919	12,953
Average CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	820	473
Current	39	394
Unbilled minimum lease payments	8,640	16,780
Total minimum lease payments	9,499	17,647
Non-recourse notes payable	(2,513)	(10,424)
Net credit exposure	$ 6,986	7,223
Low CQR [Member] | Minimum [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Losses on net credit exposure	15.00%
Low CQR [Member] | Maximum [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Losses on net credit exposure	100.00%
Low CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	$ 0	0
Current	0	0
Unbilled minimum lease payments	0	0
Total minimum lease payments	0	0
Unearned income	0	0
Non-recourse notes payable	0	0
Net credit exposure	0	0
Low CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	62	62
Current	0	0
Unbilled minimum lease payments	0	0
Total minimum lease payments	62	62
Non-recourse notes payable	0	0
Net credit exposure	62	62
31 to 60 Days Past Due [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	191	252
31 to 60 Days Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	3,057	217
31 to 60 Days Past Due [Member] | High CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	155	143
31 to 60 Days Past Due [Member] | High CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	2,905	175
31 to 60 Days Past Due [Member] | Average CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	36	109
31 to 60 Days Past Due [Member] | Average CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	152	42
31 to 60 Days Past Due [Member] | Low CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	0	0
31 to 60 Days Past Due [Member] | Low CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	0	0
61 to 90 Days Past Due [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	25	71
61 to 90 Days Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	7	936
61 to 90 Days Past Due [Member] | High CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	22	40
61 to 90 Days Past Due [Member] | High CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	0	527
61 to 90 Days Past Due [Member] | Average CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	3	31
61 to 90 Days Past Due [Member] | Average CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	7	409
61 to 90 Days Past Due [Member] | Low CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	0	0
61 to 90 Days Past Due [Member] | Low CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	0	0
Greater than 90 Days Past Due [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	143	160
Greater than 90 Days Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	1,283	507
Greater than 90 Days Past Due [Member] | High CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	70	43
Greater than 90 Days Past Due [Member] | High CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	560	423
Greater than 90 Days Past Due [Member] | Average CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	73	117
Greater than 90 Days Past Due [Member] | Average CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	661	22
Greater than 90 Days Past Due [Member] | Low CQR [Member] | Investment in Direct Financing and Sales-type Leases that are Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	0	0
Greater than 90 Days Past Due [Member] | Low CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	$ 62	$ 62

PROPERTY, EQUIPMENT, OTHER AS_3

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Other current assets [Abstract]
Deposits & funds held in escrow	$ 565	$ 16,202
Prepaid assets	6,941	7,031
Other	427	392
Total other current assets	7,933	23,625
Property, equipment and other assets [Abstract]
Property and equipment, net	6,973	7,510
Deferred costs	9,641	9,302
Other	1,229	2,331
Total other assets - long term	17,843	19,143
Other current liabilities [Abstract]
Accrued expenses	6,656	8,339
Accrued income taxes payable	280	175
Contingent consideration - current	5,227	5,806
Other	6,234	19,050
Total other current liabilities	18,397	33,370
Other liabilities [Abstract]
Deferred revenue	13,869	12,910
Contingent consideration long-term	4,013	7,707
Other	0	450
Total other liabilities - long term	$ 17,882	$ 21,067

NOTES PAYABLE AND CREDIT FACI_3

NOTES PAYABLE AND CREDIT FACILITY (Details) $ in Thousands	Jan. 17, 2019USD ($)	Dec. 31, 2018USD ($)Component	Jan. 15, 2019USD ($)	Oct. 31, 2018USD ($)	Mar. 31, 2018USD ($)	Jul. 26, 2017USD ($)
Recourse Notes Payable [Abstract]
Current		$ 0			$ 1,343
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Current		58,106			40,863
Long-term		8,461			10,072
Guarantor obligations for credit facility, maximum		300
Recourse Note Payable [Member]
Recourse Notes Payable [Abstract]
Current		0			$ 1,343
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Interest rate of notes					4.11%
Weighted average interest rate of notes					4.11%
Non-Recourse Note Payable [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Current		58,106			$ 40,863
Long-term		8,461			10,072
Total non-recourse notes payable		$ 66,567			$ 50,935
Weighted average interest rate of notes		4.54%			4.04%
Non-Recourse Note Payable [Member] | Minimum [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Interest rate of notes		3.04%			2.04%
Non-Recourse Note Payable [Member] | Maximum [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Interest rate of notes		8.45%			8.45%
WFCDF [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Number of components under credit facility | Component		2
Maximum borrowing capacity under credit facility		$ 250,000		$ 325,000		$ 250,000
Maturity date of credit facility		Oct. 31, 2018
Period of notice required to terminate credit facility at quarter end		45 days
Period of notice required to terminate credit facility at year end		90 days
Guarantor obligations for credit facility, maximum		$ 10,500
WFCDF [Member] | Floor Plan Component [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Amount outstanding under credit facility		124,600			$ 112,100
WFCDF [Member] | Account Receivable Component [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Amount outstanding under credit facility		0			$ 0
Maximum borrowing capacity under credit facility		$ 30,000
WFCDF [Member] | Account Receivable Component [Member] | Subsequent Event [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Maximum borrowing capacity under credit facility			$ 50,000
Proceeds from line of credit	$ 21,000
WFCDF [Member] | Account Receivable Component [Member] | LIBOR [Member]
Non-recourse Notes Payable Secured by Financing Receivables and Investment in Operating Leases [Abstract]
Debt instrument term of variable rate		1 month
Basis spread on reference rate		2.50%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2019	Dec. 31, 2018
Legal Proceedings [Abstract]
Claim settlement received		$ 0.9
Subsequent Event [Member]
Legal Proceedings [Abstract]
Claim settlement received	$ 5.4

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share, Basic and Diluted [Abstract]
Net earnings attributable to common shareholders - basic and diluted	$ 14,864	$ 15,581	$ 48,140	$ 46,225
Basic and diluted common shares outstanding [Abstract]
Weighted average common shares outstanding - basic (in shares)	13,471	13,851	13,467	13,845
Effect of dilutive shares (in shares)	73	139	125	177
Weighted average shares common outstanding - diluted (in shares)	13,544	13,990	13,592	14,022
Earnings per common share - basic (in dollars per share)	$ 1.10	$ 1.12	$ 3.57	$ 3.34
Earnings per common share - diluted (in dollars per share)	$ 1.10	$ 1.11	$ 3.54	$ 3.30

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
STOCKHOLDERS' EQUITY [Abstract]
Authorized number of shares under stock repurchase program (in shares)	500,000
Common stock repurchased during the period (in shares)	156,087	125,605
Average cost of share repurchased (in dollars per share)	$ 77.04	$ 77.88
Common stock repurchased during the period	$ 12,000	$ 9,800
Shares repurchased to satisfy tax withholding obligation (in shares)	40,092	57,725
Average cost for shares repurchased to satisfy tax withholding obligation (in dollars per share)	$ 96.23
Value of shares repurchased to satisfy tax withholding obligation	$ 3,900	$ 4,400

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Additional Disclosures [Abstract]
Vested share-based awards withheld to satisfy income tax obligations (in shares)			40,092	57,725
Vested share-based awards withheld to satisfy income tax obligations			$ 3,900	$ 4,400
Compensation Expense [Abstract]
Share-based compensation expense	$ 1,900	$ 1,700	5,418	4,856
401(k) Profit Sharing Plan [Abstract]
Contribution to profit sharing plan	$ 700	$ 500	$ 1,800	$ 1,600
Restricted Stock [Member]
Number of Shares [Roll Forward]
Nonvested at beginning of period (in shares)			282,235
Granted (in shares)			78,378
Vested (in shares)			(133,402)
Forfeited (in shares)			(2,814)
Nonvested at end of period (in shares)	224,397		224,397
Weighted Average Grant-date Fair Value [Roll Forward]
Nonvested at beginning of period (in dollars per share)			$ 51.69
Granted (in dollars per share)			94.30
Vested (in dollars per share)			49.19
Forfeited (in dollars per share)			79.20
Nonvested at end of period (in dollars per share)	$ 67.72		$ 67.72
Compensation Expense [Abstract]
Unrecognized compensation expense	$ 11,200		$ 11,200
Unrecognized compensation expense, period for recognition			30 months
2017 Director LTIP [Member] | Restricted Stock [Member]
Number of Shares [Roll Forward]
Granted (in shares)			8,531	5,310
2012 Employee LTIP [Member] | Restricted Stock [Member]
Number of Shares [Roll Forward]
Granted (in shares)			69,847	66,530
Additional Disclosures [Abstract]
Vested share-based awards withheld to satisfy income tax obligations (in shares)			40,092
Vested share-based awards withheld to satisfy income tax obligations			$ 3,900
2008 Director LTIP [Member] | Restricted Stock [Member]
Number of Shares [Roll Forward]
Granted (in shares)				535

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2018
INCOME TAXES [Abstract]
Additions or reductions to gross unrecognized tax benefits	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2018
Assets [Abstract]
Money market funds	$ 40,241		$ 40,241		$ 60,385
Liabilities [Abstract]
Contingent consideration	9,240		9,240		13,513
Adjustment to fair value of contingent consideration	700	$ 700	1,900	$ 12,600
Payments of contingent consideration	5,000		6,100	$ 600
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Money market funds	40,241		40,241		60,385
Liabilities [Abstract]
Contingent consideration	0		0		0
Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Money market funds	0		0		0
Liabilities [Abstract]
Contingent consideration	0		0		0
Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Money market funds	0		0		0
Liabilities [Abstract]
Contingent consideration	$ 9,240		$ 9,240		$ 13,513

SEGMENT REPORTING, Reportable S

SEGMENT REPORTING, Reportable Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2018USD ($)Segment	Dec. 31, 2017USD ($)	Mar. 31, 2018USD ($)
SEGMENT REPORTING [Abstract]
Number of business segments | Segment			2
Reportable Segment Information [Abstract]
Contracts with customers	$ 330,448	$ 335,057	$ 1,003,245	$ 1,054,992
Financing and other	15,216	9,168	43,994	33,952
Net sales	345,664	344,225	1,047,239	1,088,944
Cost of sales	262,751	267,537	798,123	847,092
Gross profit	82,913	76,688	249,116	241,852
Selling, general, and administrative	59,728	57,134	174,399	168,138
Depreciation and amortization	2,719	2,894	8,250	7,086
Interest and financing costs	443	270	1,403	903
Operating expenses	62,890	60,298	184,052	176,127
Operating income	20,023	16,390	65,064	65,725
Other income (expense)	721	(131)	1,140	(1)
Earnings before tax	20,744	16,259	66,204	65,724
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization	4,474	4,579	13,341	11,324
Purchases of property, equipment and operating lease equipment	2,041	2,862	8,492	6,298
Selected Financial Data - Balance Sheet [Abstract]
Total assets	798,189	760,513	798,189	760,513	$ 755,471
Technology Segment [Member]
Reportable Segment Information [Abstract]
Contracts with customers	329,635	330,534	1,000,776	1,042,738
Financing and other	5,076	1,527	15,567	10,900
Net sales	334,711	332,061	1,016,343	1,053,638
Operating Segments [Member] | Technology Segment [Member]
Reportable Segment Information [Abstract]
Contracts with customers	329,635	330,534	1,000,776	1,042,738
Financing and other	5,076	1,527	15,567	10,900
Net sales	334,711	332,061	1,016,343	1,053,638
Cost of sales	260,738	263,917	792,632	839,012
Gross profit	73,973	68,144	223,711	214,626
Selling, general, and administrative	56,607	53,836	166,199	158,838
Depreciation and amortization	2,714	2,893	8,243	7,084
Interest and financing costs	0	0	0	0
Operating expenses	59,321	56,729	174,442	165,922
Operating income	14,652	11,415	49,269	48,704
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization	2,910	3,157	8,895	7,413
Purchases of property, equipment and operating lease equipment	1,496	2,018	4,472	4,064
Selected Financial Data - Balance Sheet [Abstract]
Total assets	613,494	591,445	613,494	591,445
Operating Segments [Member] | Financing Segment [Member]
Reportable Segment Information [Abstract]
Contracts with customers	813	4,523	2,469	12,254
Financing and other	10,140	7,641	28,427	23,052
Net sales	10,953	12,164	30,896	35,306
Cost of sales	2,013	3,620	5,491	8,080
Gross profit	8,940	8,544	25,405	27,226
Selling, general, and administrative	3,121	3,298	8,200	9,300
Depreciation and amortization	5	1	7	2
Interest and financing costs	443	270	1,403	903
Operating expenses	3,569	3,569	9,610	10,205
Operating income	5,371	4,975	15,795	17,021
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization	1,564	1,422	4,446	3,911
Purchases of property, equipment and operating lease equipment	545	844	4,020	2,234
Selected Financial Data - Balance Sheet [Abstract]
Total assets	$ 184,695	$ 169,068	$ 184,695	$ 169,068

SEGMENT REPORTING, Technology S

SEGMENT REPORTING, Technology Segment Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Abstract]
Net sales	$ 345,664	$ 344,225	$ 1,047,239	$ 1,088,944
Financing and other	(15,216)	(9,168)	(43,994)	(33,952)
Revenue from contracts with customers	330,448	335,057	1,003,245	1,054,992
Technology Segment [Member]
Disaggregation of Revenue [Abstract]
Net sales	334,711	332,061	1,016,343	1,053,638
Financing and other	(5,076)	(1,527)	(15,567)	(10,900)
Revenue from contracts with customers	329,635	330,534	1,000,776	1,042,738
Technology Segment [Member] | Technology [Member]
Disaggregation of Revenue [Abstract]
Net sales	61,549	73,554	219,783	254,310
Technology Segment [Member] | Telecom, Media & Entertainment [Member]
Disaggregation of Revenue [Abstract]
Net sales	58,377	50,289	144,657	157,201
Technology Segment [Member] | Financial Services [Member]
Disaggregation of Revenue [Abstract]
Net sales	54,411	63,326	147,048	154,124
Technology Segment [Member] | SLED [Member]
Disaggregation of Revenue [Abstract]
Net sales	43,846	40,724	173,442	184,380
Technology Segment [Member] | Health Care [Member]
Disaggregation of Revenue [Abstract]
Net sales	48,121	53,750	145,652	144,607
Technology Segment [Member] | All others [Member]
Disaggregation of Revenue [Abstract]
Net sales	68,407	50,418	185,761	159,016
Technology Segment [Member] | Cisco Systems [Member]
Disaggregation of Revenue [Abstract]
Net sales	131,949	124,598	423,249	463,634
Technology Segment [Member] | NetApp [Member]
Disaggregation of Revenue [Abstract]
Net sales	12,408	21,712	37,447	47,599
Technology Segment [Member] | HP Inc. & HPE [Member]
Disaggregation of Revenue [Abstract]
Net sales	22,042	17,458	59,020	74,106
Technology Segment [Member] | Dell / EMC [Member]
Disaggregation of Revenue [Abstract]
Net sales	17,201	12,879	49,599	43,777
Technology Segment [Member] | Arista Networks [Member]
Disaggregation of Revenue [Abstract]
Net sales	13,668	13,203	44,139	37,730
Technology Segment [Member] | Juniper [Member]
Disaggregation of Revenue [Abstract]
Net sales	18,681	13,189	40,341	36,764
Technology Segment [Member] | All others [Member]
Disaggregation of Revenue [Abstract]
Net sales	$ 118,762	$ 129,022	$ 362,548	$ 350,028

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	Jan. 22, 2019	Sep. 15, 2017	May 17, 2017	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill				$ 76,401	$ 76,624	$ 76,546	$ 48,397
Fair value of contingent consideration				$ 4,013	$ 7,707
SLAIT Consulting, LLC [Member] | Subsequent Event [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Cash portion of the acquisition	$ 50,700
Integrated Data Storage LLC [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Accounts receivable and other assets		$ 14,353
Property and equipment		1,620
Identified intangible assets		13,650
Accounts payable and other current liabilities		(12,313)
Total identifiable net assets		17,310
Goodwill		21,088
Total purchase consideration		38,398
Cash portion of the acquisition		29,800
Receivables as a working capital adjustment		1,400
Fair value of contingent consideration		10,000
Fair value of contingent consideration, maximum		$ 15,000
Contingent consideration payout period				3 years
Integrated Data Storage LLC [Member] | Customer Relationships [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Estimated useful lives				8 years
OneCloud Consulting, Inc [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Accounts receivable and other assets			$ 488
Identified intangible assets			4,130
Accounts payable and other current liabilities			(1,822)
Total identifiable net assets			2,796
Goodwill			7,189
Total purchase consideration			9,985
Cash portion of the acquisition			7,900
Fair value of contingent consideration			2,100
Fair value of contingent consideration, maximum			$ 4,500
Contingent consideration payout period				3 years
Percentage of stock acquired			100.00%
OneCloud Consulting, Inc [Member] | Customer Relationships [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Identified intangible assets			$ 1,700
Estimated useful lives				8 years
OneCloud Consulting, Inc [Member] | Internally Developed Processes [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Identified intangible assets			$ 2,400
Estimated useful lives				5 years