ePlus (PLUS) 10-K22 May 202020 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Mar. 31, 2020	May 19, 2020	Sep. 30, 2019
Cover [Abstract]
Entity Registrant Name	ePlus inc.
Entity Central Index Key	0001022408
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Public Float			$ 1,003,434,364
Entity Common Stock, Shares Outstanding		13,499,603
Document Type	10-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Document Annual Report	true
Document Transition Report	false
Entity File Number	1-34167
Entity Tax Identification Number	54-1817218
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	13595 Dulles Technology Drive
Entity Address, City or Town	Herndon
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	20171-3413
City Area Code	703
Local Phone Number	984-8400
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	PLUS
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 86,231	$ 79,816
Accounts receivable-trade, net	374,998	299,899
Accounts receivable-other, net	36,570	41,328
Inventories	50,268	50,493
Financing receivables-net, current	70,169	63,767
Deferred costs	22,306	17,301
Other current assets	9,256	7,499
Total current assets	649,798	560,103
Financing receivables and operating leases-net	74,158	59,032
Property, equipment and other assets	32,596	17,328
Goodwill	118,097	110,807
Other intangible assets-net	34,464	38,928
TOTAL ASSETS	909,113	786,198
Current liabilities:
Accounts payable	82,919	86,801
Accounts payable-floor plan	127,416	116,083
Salaries and commissions payable	30,952	21,286
Deferred revenue	55,480	47,251
Recourse notes payable-current	37,256	28
Non-recourse notes payable-current	29,630	38,117
Other current liabilities	22,986	19,285
Total current liabilities	386,639	328,851
Non-recourse notes payable-long term	5,872	10,502
Deferred tax liability-net	2,730	4,915
Other liabilities	27,727	17,677
TOTAL LIABILITIES	422,968	361,945
COMMITMENTS AND CONTINGENCIES (Note 10)
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; 13,500 outstanding at March 31, 2020 and 13,611 outstanding at March 31, 2019	144	143
Additional paid-in capital	145,197	137,243
Treasury stock, at cost, 896 shares at March 31, 2020 and 693 shares at March 31, 2019	(68,424)	(53,999)
Retained earnings	410,219	341,137
Accumulated other comprehensive income-foreign currency translation adjustment	(991)	(271)
Total Stockholders' Equity	486,145	424,253
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 909,113	$ 786,198

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Mar. 31, 2020	Mar. 31, 2019
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)	13,500	13,611
Treasury stock, shares (in shares)	896	693

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended																12 Months Ended
	Mar. 31, 2020		Dec. 31, 2019		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2020		Mar. 31, 2019		Mar. 31, 2018
Net sales
Total	$ 366,476		$ 428,991		$ 411,565		$ 381,372		$ 325,434		$ 345,664		$ 345,043		$ 356,532		$ 1,588,404		$ 1,372,673		$ 1,418,802
Cost of sales
Total	274,651		325,295		308,534		288,733		244,162		262,751		259,543		275,829		1,197,213		1,042,285		1,095,320
Gross profit	91,825		103,696		103,031		92,639		81,272		82,913		85,500		80,703		391,191		330,388		323,482
Selling, general, and administrative	69,782		73,090		70,523		65,787		62,683		59,728		57,705		56,966		279,182		237,082		228,127
Depreciation and amortization	3,489		3,647		3,557		3,463		3,574		2,719		2,741		2,790		14,156		11,824		9,921
Interest and financing costs	676		694		576		628		545		443		484		476		2,574		1,948		1,195
Operating expenses	73,947		77,431		74,656		69,878		66,802		62,890		60,930		60,232		295,912		250,854		239,243
Operating income	17,878		26,265		28,375		22,761		14,470		20,023		24,570		20,471		95,279		79,534		84,239
Other income (expense)	(232)		997		(40)		(45)		5,556		721		322		97		680		6,696		(348)
Earnings before tax	17,646		27,262		28,335		22,716		20,026		20,744		24,892		20,568		95,959		86,230		83,891
Provision for income taxes	4,400		7,712		8,237		6,528		4,974		5,880		6,889		5,295		26,877		23,038		28,769
Net earnings	$ 13,246		$ 19,550		$ 20,098		$ 16,188		$ 15,052		$ 14,864		$ 18,003		$ 15,273		$ 69,082		$ 63,192		$ 55,122
Net earnings per common share-basic (in dollars per share)	$ 0.99	[1]	$ 1.47	[1]	$ 1.51	[1]	$ 1.21	[1]	$ 1.12	[1]	$ 1.10	[1]	$ 1.33	[1]	$ 1.14	[1]	$ 5.18	[1]	$ 4.70	[1]	$ 4
Net earnings per common share-diluted (in dollars per share)	$ 0.99	[1]	$ 1.46	[1]	$ 1.51	[1]	$ 1.20	[1]	$ 1.12	[1]	$ 1.10	[1]	$ 1.33	[1]	$ 1.12	[1]	$ 5.15	[1]	$ 4.65	[1]	$ 3.95
Weighted average common shares outstanding-basic (in shares)																	13,327		13,448		13,790
Weighted average common shares outstanding-diluted (in shares)																	13,415		13,578		13,967
Product [Member]
Net sales
Total	$ 317,621		$ 378,569		$ 363,497		$ 335,601		$ 280,460		$ 310,443		$ 309,475		$ 322,817		$ 1,395,288		$ 1,223,195		$ 1,289,307
Cost of sales
Total	244,638		293,209		278,863		260,063		216,662		241,856		238,134		255,812		1,076,773		952,464		1,023,590
Services [Member]
Net sales
Total	48,855		50,422		48,068		45,771		44,974		35,221		35,568		33,715		193,116		149,478		129,495
Cost of sales
Total	$ 30,013		$ 32,086		$ 29,671		$ 28,670		$ 27,500		$ 20,895		$ 21,409		$ 20,017		$ 120,440		$ 89,821		$ 71,730

[1]	Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
NET EARNINGS	$ 69,082	$ 63,192	$ 55,122
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Foreign currency translation adjustments	(720)	(803)	1,115
Other comprehensive income (loss)	(720)	(803)	1,115
TOTAL COMPREHENSIVE INCOME	$ 68,362	$ 62,389	$ 56,237

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net earnings	$ 69,082	$ 63,192	$ 55,122
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	19,156	18,639	15,827
Reserve for credit losses	1,004	170	333
Share-based compensation expense	7,954	7,243	6,464
Deferred taxes	(2,185)	3,280	(44)
Payments from lessees directly to lenders-operating leases	(70)	(156)	(1,445)
Gain on disposal of property, equipment, and leased equipment	(814)	(2,027)	(8,694)
Gain on sale of financing receivables	0	(9,077)	(6,796)
Other	0	0	65
Changes in:
Accounts receivable	(64,388)	(34,306)	6,582
Inventories-net	115	(10,929)	54,982
Financing receivables-net	(109,355)	(7,883)	(8,537)
Deferred costs and other assets	(20,982)	5,412	(16,241)
Accounts payable-trade	(8,884)	12,456	258
Salaries and commissions payable, deferred revenue and other liabilities	35,193	(6,603)	(15,110)
Net cash provided by (used in) operating activities	(74,174)	39,411	82,766
Cash flows from investing activities:
Proceeds from sale of property, equipment and leased equipment	1,705	3,619	14,403
Purchases of property, equipment and operating lease equipment	(7,009)	(11,629)	(7,590)
Purchases of assets to be leased or financed	0	(10,368)	(6,378)
Issuance of financing receivables	0	(175,410)	(170,666)
Repayments of financing receivables	0	73,942	78,047
Proceeds from sale of financing receivables	0	73,405	72,225
Cash used in acquisitions, net of cash acquired	(15,035)	(49,764)	(37,718)
Net cash used in investing activities	(20,339)	(96,205)	(57,677)
Cash flows from financing activities:
Borrowings of non-recourse and recourse notes payable	141,369	83,924	72,389
Repayments of non-recourse and recourse notes payable	(31,880)	(43,054)	(31,302)
Repurchase of common stock	(14,425)	(18,754)	(35,245)
Repayments of financing of acquisitions	(5,763)	(7,634)	(2,104)
Net borrowings (repayments) on floor plan facility	11,333	3,974	(20,503)
Net cash provided by (used in) financing activities	100,634	18,456	(16,765)
Effect of exchange rate changes on cash	294	(44)	114
Net increase (decrease) in cash and cash equivalents	6,415	(38,382)	8,438
Cash and cash equivalents, beginning of period	79,816	118,198	109,760
Cash and cash equivalents, end of period	86,231	79,816	118,198
Supplemental disclosures of cash flow information:
Cash paid for interest	2,260	1,862	602
Cash paid for income taxes	28,356	19,938	32,134
Cash paid for amounts included in the measurement of lease liabilities	5,613	0	0
Schedule of non-cash investing and financing activities:
Proceeds from sale of property, equipment, and leased equipment	0	520	591
Purchases of property, equipment, and operating lease equipment	(329)	(1,874)	(290)
Purchases of assets to be leased or financed	0	(13,663)	(5,089)
Issuance of financing receivables	0	(119,024)	(132,982)
Repayments of financing receivables	0	0	13,018
Proceeds from sale of financing receivables	0	142,418	143,956
Consideration for acquisitions	(241)	(257)	(12,050)
Borrowing of non-recourse and recourse notes payable	114,439	75,164	16,066
Repayments of non-recourse and recourse notes payable	(70)	(156)	(19,372)
Vesting of share-based compensation	8,990	12,816	12,037
Repurchase of common stock	0	0	(771)
New operating lease assets obtained in exchange for lease obligations	$ 6,035	$ 0	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 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, 2017	$ 142	$ 123,536	$ 0	$ 222,823	$ (583)	$ 345,918
Balance (in shares) at Mar. 31, 2017	14,161
Issuance of restricted stock awards	$ 0	0	0	0	0	0
Issuance of restricted stock awards (in shares)	67
Share-based compensation	$ 0	6,464	0	0	0	6,464
Repurchase of common stock	0	0	$ (36,016)	0	0	(36,016)
Repurchase of common stock (in shares)			(467)
Net earnings	0	0	$ 0	55,122	0	55,122
Foreign currency translation adjustment	0	0	0	0	1,115	1,115
Balance at Mar. 31, 2018	$ 142	130,000	(36,016)	277,945	532	372,603
Balance (in shares) at Mar. 31, 2018	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	7,243	0	0	0	7,243
Repurchase of common stock	0	0	$ (17,983)	0	0	(17,983)
Repurchase of common stock (in shares)			(225)
Net earnings	0	0	$ 0	63,192	0	63,192
Foreign currency translation adjustment	0	0	0	0	(803)	(803)
Balance at Mar. 31, 2019	$ 143	137,243	(53,999)	341,137	(271)	$ 424,253
Balance (in shares) at Mar. 31, 2019	13,611					13,611
Issuance of restricted stock awards	$ 1	0	0	0	0	$ 1
Issuance of restricted stock awards (in shares)	93
Share-based compensation	$ 0	7,954	0	0	0	7,954
Repurchase of common stock	0	0	$ (14,425)	0	0	(14,425)
Repurchase of common stock (in shares)			(204)
Net earnings	0	0	$ 0	69,082	0	69,082
Foreign currency translation adjustment	0	0	0	0	(720)	(720)
Balance at Mar. 31, 2020	$ 144	$ 145,197	$ (68,424)	$ 410,219	$ (991)	$ 486,145
Balance (in shares) at Mar. 31, 2020	13,500					13,500

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2020
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 consolidated financial statements include the accounts of e USE OF ESTIMATES — The preparation of financial statements in conformity with accounting principles generally accepted in the US requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Estimates are used when accounting for items and matters including, but not limited to, revenue recognition, residual asset values, vendor consideration, lease classification, goodwill and intangibles, reserves for credit losses, inventory obsolescence, and the recognition and measurement of income tax assets and other provisions and contingencies. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from these estimates. BUSINESS COMBINATIONS — We account for business combinations using the acquisition method, which requires that the total purchase price for each of the acquired entity be allocated to the assets acquired and liabilities assumed based on their fair values at the acquisition date. The allocation process requires an analysis of intangible assets, such as customer relationships, trade names, acquired contractual rights and assumed contractual commitments and legal contingencies to identify and record all assets acquired and liabilities assumed at their fair value. We record any premium paid over the fair value of the acquired net assets as goodwill. Our initial purchase price allocations are subject to revision within the measurement period, not to exceed one year from the date of acquisition. We include the results of operations for the acquired company in our financial statements from the acquisition date. CASH AND CASH EQUIVALENTS — Cash and cash equivalents consist primarily of interest-bearing accounts and money market funds that consist of short-term US treasury securities. We consider all highly liquid investments, including those with an original maturity of three months or less at the date of acquisition, to be cash equivalents. We have a lockbox account whose purpose is to collect and distribute customer payments under financing arrangements. As of March 31, 2020, and March 31, 2019, we had no amounts being held in trust for third party recipients within our lockbox account. As of March 31, 2020, and March 31, 2019, there were no restrictions on the withdrawal of funds from our money market funds. CONCENTRATIONS OF RISK — Financial instruments that potentially subject us to concentrations of credit risk include cash and cash equivalents, short-term investments, accounts receivable, and financing receivables. Cash and cash equivalents may include short-term investments that are maintained principally with financial institutions in the US. Our risk on accounts receivable and financing receivables is reduced by having a broad customer base in a diverse range of industries and through the ongoing evaluation of collectability of our portfolio. Our credit risk is further mitigated by transferring certain financial assets to financial institutions on a non-recourse basis and, concerning leases, by owning the underlying asset. A substantial portion of our sales are products from Cisco Systems, which represented approximately 40%, 42%, and 42%, of our technology segment net sales for the years ended March 31, 2020, 2019, and 2018, respectively. DEFERRED COSTS — When a contract is within the scope of Accounting Standards Codification (“Codification”) Topic 606, Revenue from Contracts with Customers DEFERRED REVENUE — We recognize deferred revenue when cash payments are received or due in advance of our performance. EARNINGS PER SHARE — Basic earnings per share is calculated by dividing net earnings attributable to common stockholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share reflects the potential dilution of securities that could participate in our earnings, including restricted stock awards during each period. FAIR VALUE MEASUREMENT — We follow the guidance in Codification Topic 820 Fair Value Measurements ● Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. ● Level 2 – Inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities in active markets, that are observable for the asset or liability, either directly or indirectly. ● Level 3 – Unobservable inputs for the asset or liability. The fair values are determined based on model-based techniques such as discounted cash flow models using inputs that we could not corroborate with market data. FINANCIAL INSTRUMENTS — For financial instruments such as cash, short-term investments, accounts receivables, accounts payable and other current liabilities, we consider the recorded value of the financial instruments to approximate the fair value due to their short maturities. On March 31, 2020, the carrying amounts of our notes receivables, recourse and non-recourse payables were $54.8 million, $37.3 million and $35.5 million, respectively, and their fair values were $55.4 million, $37.3 million and $35.5 million, respectively. At March 31, 2019, the carrying amounts of our notes receivables and non-recourse payables were $40.4 million and $48.6 million, respectively, and their fair values were $40.5 million and $48.7 million, respectively. The carrying amount and fair value of our recourse notes payable at March 31, 2019, were insignificant. FINANCING RECEIVABLES AND OPERATING LEASES — Financing receivables and operating leases consists of notes receivable, sales-type leases and operating leases. We issue financing receivables for periods generally between 2 to 6 years, with most terms ranging between 3 to 4 years. When we lease equipment under an operating lease, we recognize the underlying asset at cost and depreciate it on a straight-line bases over its estimated useful life. We estimate that the useful life for most information technology (“IT”) equipment under lease is 4 years. FOREIGN CURRENCY TRANSLATION — Our functional currency is the US dollar. Our international subsidiaries typically use their local currency as their functional currency. We translate the assets and liabilities of our international subsidiaries into US dollars at the spot rate in effect at the applicable reporting date. We translate the revenues and expenses of our international subsidiaries into US dollars at the average exchange rates in effect during the applicable period. We report the resulting foreign currency translation adjustment as accumulated other comprehensive loss, which is reflected as a separate component of stockholders’ equity. We report all foreign currency transaction gains or losses in other income (expense) on our consolidated statement of operations. We recognized a loss of $0.4 million, a gain of $0.4 million, and a loss of $0.8 million due to foreign currency translations for the years ended March 31, 2020, 2019, and 2018, respectively. GOODWILL — We test goodwill for impairment on an annual basis, as of October 1, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying amount. In a qualitative assessment, we assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If, after assessing the totality of events or circumstances, we determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the quantitative goodwill impairment test is unnecessary. If, after assessing the totality of events or circumstances, we determine that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then we perform the quantitative goodwill impairment test. We may also elect the unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. In the quantitative impairment test, we compare the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. Conversely, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. INCOME TAXES — Deferred income taxes are accounted for in accordance with Codification Topic 740 Income Taxes In addition, we account for uncertain tax positions in accordance with Codification Topic 740. Specifically, the Topic prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The interpretation also provides guidance on the related de-recognition, classification, interest and penalties, accounting for interim periods, disclosure and transition of uncertain tax positions. In accordance with our accounting policy, we recognize accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. INVENTORIES — Inventories are stated at the lower of cost and net realizable value. Cost is determined using a weighted average cost method. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Our determination of the net realizable value for inventories is based on the terms of underlying purchase commitments from our customers, current economic conditions including the impact of COVID-19, and other relevant factors. LESSEE ACCOUNTING — We lease office space over initial terms typically between 3 and 6 years. At the lease commencement date, we recognize operating lease liabilities based on the present value of the future minimum lease payments. In determining the present value of future minimum lease payments, we use our incremental borrowing rate based on the information available at the commencement date. When the future minimum payments encompass non-lease components, we account for the lease and non-lease components as a single lease component. We elected not to recognize right-of-use assets and lease liabilities for leases with an initial term of 12 months or less. We recognize lease expense on a straight-line basis over the lease term beginning on the commencement date. PROPERTY AND EQUIPMENT — Property and equipment are stated at cost, net of accumulated depreciation and amortization. We recognize property and equipment obtained through a business combination at its fair market value as of the acquisition date. We compute depreciation and amortization using the straight-line method over the estimated useful lives of the related assets, which range from three RESERVES FOR CREDIT LOSSES —We maintain our reserves for credit losses related to our accounts receivable and financing receivables at levels believed to be adequate to absorb potential losses inherent in their respective balances. We increase our reserve for credit losses through a charge to bad debt expense for potential losses. We decrease our reserve for credit losses when we charge off the related receivable in the period the receivables are deemed uncollectable. We recognize recoveries of receivables previously charged off when received. Our determination of the adequacy of the reserves for credit losses for accounts receivable is based on the age of the receivable balance, our internal rating of the customer’s credit quality, our historical credit losses, current economic conditions including the impact of COVID-19, and other relevant factors. Our determination of the adequacy of the reserve for credit losses for financing receivables is based on our internal rating of the customer’s credit quality, our historical credit losses, current economic conditions including the impact of COVID-19, the fair value of the underlying collateral, and the volume, growth, and composition of our portfolio, and other relevant facts. Prior to providing credit, we assign an internal rating for each customer’s credit quality based on the customer’s financial status, rating agency reports and other financial information. We update the internal credit quality rating at least annually or when an indicator of a change in credit quality arises, such as a delinquency or bankruptcy. RESIDUAL ASSETS — Our estimate for the residual asset in a lease is the amount we expect to derive from the underlying asset following the end of the lease term. In a sales-type lease, we recognize the unguaranteed residual asset, measured on a discounted basis, upon lease commencement. In our subsequent accounting for the lease, we increase the unguaranteed residual asset using the effective interest method. We evaluate residual values for impairment on a quarterly basis. We recognize impairments as incurred. We do not recognize upward adjustments due to changes in estimates of residual values. REVENUE RECOGNITION — We recognize most of our revenues from the sales of third-party products, third-party software, third-party maintenance, software support, and services, 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 842, Leases Product Revenue 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. Sales are recognized 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 software to the customer. 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. Similarly, we are the agent in sales of third-party software and accompanying third-party support when the third-party software benefits the customer only in conjunction with the accompanying support. In these sales, we consider the third-party software and support as inputs to a single performance obligation. In all these sales where we are the agent, we recognize sales on a net basis at the point that our customer and vendor accept the terms and conditions of the arrangement. 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 842. We utilize a portfolio approach by grouping together many similar assets being leased to a single customer. We classify our leases as either sales-type leases or operating leases. We classify leases as sales-type leases if any one of five criteria are met, each of which indicate that the lease transfers control of the underlying asset to the lessee. We classify our other leases as operating leases. For sales-type leases, upon lease commencement, we recognize the present value of the lease payments and the residual asset discounted using the rate implicit in the lease. When we are financing equipment provided by another dealer, we typically do not have any selling profit or loss arising from the lease. When we are the dealer of the equipment being leased, we typically recognize revenue in the amount of the lease receivable and cost of sales in the amount of the carrying value of the underlying asset minus the unguaranteed residual asset. After the commencement date, we recognize interest income as part of net sales using the effective interest method. For operating leases, we recognize the underlying asset as an operating lease asset. We depreciate the asset on a straight-line basis to its estimated residual value over its estimated useful life. We recognize the lease payments over the lease term on a straight-line basis as part of net sales. In all our leases, we recognize variable lease payments, primarily reimbursement for property taxes associated with the leased asset, as part of net sales in the period in which the changes in facts and circumstances on which the variable lease payments are based occur. We exclude from revenues and expenses any sales taxes reimbursed by the lessee. We also finance third-party software and third-party services for our customers, which we classify as notes-receivable. We recognize interest income on our notes-receivable using the effective interest method. We account for transfers of our financial assets, under Codification Topic 860 Transfers and Servicing Service Revenue Sales of e Plus professional, managed services, and staffing e e e In arrangements for e In arrangements for e SHARE-BASED COMPENSATION — We account for share-based compensation in accordance with Codification Topic 718 Compensation—Stock Compensation SOFTWARE DEVELOPMENT COSTS — We capitalize costs for the development of internal use software under the Codification Topic 350-40 Intangibles—Goodwill and Other Intangibles, Internal-Use Software TREASURY STOCK — We account for treasury stock under the cost method and include treasury stock as a component of stockholders’ equity on the accompanying consolidated balance sheets. VENDOR CONSIDERATION — We receive payments and credits from vendors pursuant to volume incentive programs and shared marketing expense programs. Many of these programs extend over one or more quarters’ sales activities. Different programs have different vendor/program specific milestones to achieve. Amounts due from vendors as of March 31, 2020, and 2019 were $20.8 million and $13.1 million, respectively, which were included within accounts receivable-other, net in the accompanying balance sheets. We recognize rebates pursuant to volume incentive programs, when the rebate is probable and reasonably estimable, based on a systematic and rational allocation of the cash consideration offered to the underlying transactions that result in our progress toward earning the rebate. When a rebate is not probable or not reasonably estimable, we recognized the rebate as the milestones are achieved or as cash is received. We recognize rebates pursuant to shared marketing expense programs as a reduction of the related selling and administrative expenses in the period the program occurs when the consideration represents a reimbursement of specific, incremental, identifiable costs. We recognize consideration that exceeds the specific, incremental, identifiable costs as a reduction of cost of sales.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Mar. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS —We adopted Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) As part of our transition, we elected a package of practical expedients to not reassess whether any expired or existing contracts are or contain leases, not reassess the lease classification for any expired or existing leases, and not reassess initial direct costs for any existing leases. As a result of our adoption, we recorded an initial impact to our consolidated balance sheets of establishing right-of-use assets of $12.7 million and lease liabilities of $12.3 million and a reduction in prepaid assets of $0.4 million at the beginning of our quarter ended June 30, 2019. 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

REVENUES

REVENUES	12 Months Ended
REVENUES	Mar. 31, 2020
REVENUES [Abstract]
REVENUES	3. REVENUES Contract balances Accounts receivable – trade consists entirely of amounts due from contracts with customers. In addition, we had $ million, $ million and $ million of receivables from contracts with customers included within financing receivables as of March 31, 2020, 2019 and 2018, respectively. The following table provides the balance of contract liabilities from contracts with customers (in thousands): Years Ended March 31, Contract liabilities 2020 2019 2018 Current (included in deferred revenue) $ 54,486 $ 46,356 $ 34,643 Non-current (included in other liabilities) $ 16,395 $ 13,593 $ 12,699 Revenue recognized from the beginning contract liability balance was $53.5 million and $32.0 million for the fiscal year ended March 31, 2020, and 2019, respectively. Performance obligations The following table includes revenue expected to be recognized in the future related to performance obligations, primarily non-cancelable contracts for e Year ending March 31, 2021 $ 28,701 2022 10,815 2023 3,892 2024 628 2025 and thereafter 554 Total remaining performance obligations $ 44,590 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.

FINANCING RECEIVABLES AND OPERA

FINANCING RECEIVABLES AND OPERATING LEASES	12 Months Ended
FINANCING RECEIVABLES AND OPERATING LEASES	Mar. 31, 2020
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
FINANCING RECEIVABLES AND OPERATING LEASES	4. FINANCING RECEIVABLES AND OPERATING LEASES Our financing receivables and operating leases consist primarily of leases of IT and communication equipment and notes receivable from financing customer purchases of third-party software, maintenance, and services. Our leases often include elections for the lessee to purchase the underlying asset at the end of the lease term. Occasionally, our leases provide the lessee a bargain purchase option. The following table provides the profit recognized for sales-type leases at their commencement date (in thousands): Year ended March 31, 2020 Net sales $ 15,631 Cost of sales 13,039 Gross Profit $ 2,592 The following table provides interest income in aggregate for sales-type leases and lease income for operating leases (in thousands): Year ended March 31, 2020 Interest Income on sales-type leases $ 6,623 Lease income on operating leases $ 18,534 FINANCING RECEIVABLES—NET Our financing receivables, net consist of the following (in thousands): March 31, 2020 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 55,417 $ 69,492 $ 124,909 Estimated unguaranteed residual value (1) - 21,862 21,862 Initial direct costs, net of amortization (2) 212 247 459 Unearned income - (11,612 ) (11,612 ) Reserve for credit losses (3) (798 ) (610 ) (1,408 ) Total, net $ 54,831 $ 79,379 $ 134,210 Reported as: Current $ 31,181 $ 38,988 $ 70,169 Long-term 23,650 40,391 64,041 Total, net $ 54,831 $ 79,379 $ 134,210 (1) Includes estimated unguaranteed residual values of $14,972 thousand for sales-type leases, which have been sold and accounted for as sales (2) Initial direct costs are shown net of amortization of $295 thousand. (3) For details on reserve for credit losses, refer to Note 7, “Reserves for Credit Losses.” March 31, 2019 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 40,563 $ 64,201 $ 104,764 Estimated unguaranteed residual value (1) - 14,639 14,639 Initial direct costs, net of amortization (2) 377 332 709 Unearned income - (7,671 ) (7,671 ) Reserve for credit losses (3) (505 ) (530 ) (1,035 ) Total, net $ 40,435 $ 70,971 $ 111,406 Reported as: Current $ 30,852 $ 32,914 $ 63,766 Long-term 9,583 38,057 47,640 Total, net $ 40,435 $ 70,971 $ 111,406 (1) Includes $8,996 thousand for estimated residual values of sales-type leases and direct financing leases for which we sold the financing assets (2) Initial direct costs are shown net of amortization of $275 thousand. (3) For details on reserve for credit losses, refer to Note 7, “Reserves for Credit Losses.” Future scheduled minimum lease payments for investments in sales-type leases as of March 31, 2020, are as follows (in thousands): Year ending March 31, 2021 $ 39,414 2022 16,471 2023 9,396 2024 2,597 2025 and thereafter 1,614 Total $ 69,492 OPERATING LEASES—NET Operating leases—net represents leases that do not qualify as sales-type leases. The components of the operating leases—net are as follows (in thousands): March 31, 2020 March 31, 2019 Cost of equipment under operating leases $ 21,276 $ 21,532 Accumulated depreciation (11,159 ) (10,139 ) Investment in operating lease equipment—net (1) $ 10,117 $ 11,393 (1) Amounts include estimated unguaranteed residual values of $3.1 million and $2.9 million as of March 31, 2020, and 2019, respectively. Future scheduled minimum lease rental payments as of March 31, 2020, are as follows (in thousands): Year ending March 31, 2021 $ 4,844 2022 2,982 2023 1,653 2024 465 2025 and thereafter 22 Total $ 9,966 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 secured borrowings in accordance with Codification Topic 860. For transfers accounted for as a secured borrowing, the corresponding investments serve as collateral for non-recourse notes payable. As of March 31, 2020, and March 31, 2019, we had financing receivables of $ million and $ million, respectively, and operating leases of $ million and $ million, respectively which were collateral for non-recourse notes payable. See Note 9, “Notes Payable and Credit Facility.” For transfers accounted for as sales, we derecognize the carrying value of the asset transferred plus any liability and recognize a net gain or loss on the sale, which are presented within net sales in the consolidated statement of operations. For the years ended March 31, 2020, 2019, and 2018, we recognized net gains of $21.8 million, $9.1 million, and $6.8 million, respectively, and total proceeds from these sales were $593.7 million, $276.1 million, and $267.3 million, respectively. When we retain servicing obligations in transfers accounted for as sales, we allocate a portion of the proceeds to deferred revenues, which is recognized as we perform the services. As of both March 31, 2020, and March 31, 2019, we had deferred revenue of $0.4 million, for servicing obligations. In a limited number of transfers accounted for as sales, we indemnified the assignee in the event that the lessee elects to early terminate the lease. As of March 31, 2020, our maximum potential future payments related to such guarantees is not material. We believe the possibility of making any payments to be remote.

LESSEE ACCOUNTING

LESSEE ACCOUNTING	12 Months Ended
LESSEE ACCOUNTING	Mar. 31, 2020
LESSEE ACCOUNTING [Abstract]
LESSEE ACCOUNTING	5. LESSEE ACCOUNTING We lease office space for periods up to six years. We recognize our right-of-use assets as part of property, equipment and other assets. We recognize the current and long-term portions of our lease liability as part of other current liabilities other liabilities Supplemental information about the remaining lease terms and discount rates applied as of March 31, 2020: Lease term and Discount Rate March 31, 2020 Weighted average remaining lease term (months) 38 Weighted average discount rate 3.9 % As of March 31, 2020, we have future lease payments under our operating leases (in thousands): March 31, 2020 Year ending March 31, 2021 $ 4,904 2022 4,038 2023 3,054 2024 1,206 Thereafter 762 Total lease payments $ 13,964 Less: Interest (823 ) Present value of lease liabilities $ 13,141 Disclosures related to periods prior to our adoption of Codification Topic 842: We had annual rent expense relating to operating leases of $5.2 million and $6.7 million for the years ended March 31, 2019, and 2018, respectively. As of March 31, 2019, we had future minimum lease payments under operating leases as follows (in thousands): March 31, 2019 Year ending March 31, 2020 $ 4,530 2021 4,026 2022 2,727 2023 2,025 2024 and thereafter 293 Total lease payments $ 13,601

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Mar. 31, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	6. GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL The following table summarizes the changes in the carrying amount of goodwill for the years ended March 31, 2020, and March 31, 2019, respectively (in thousands): March 31, 2020 March 31, 2019 Goodwill Accumulated Impairment Loss Net Carrying Amount Goodwill Accumulated Impairment Loss Net Carrying Amount Beginning balance $ 119,480 $ (8,673 ) $ 110,807 $ 85,297 $ (8,673 ) $ 76,624 Acquisitions 7,410 - 7,410 34,352 - 34,352 Foreign currency translations (120 ) - (120 ) (169 ) - (169 ) Ending balance $ 126,770 $ (8,673 ) $ 118,097 $ 119,480 $ (8,673 ) $ 110,807 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. Our entire balance as of March 31, 2020, relates to our technology reportable segment, which we also determined to be reporting unit. The change in our goodwill balance during the year ended March 31, 2020, relates to our acquisition of certain assets and liabilities of Innovative Technology Systems & Solutions, Inc. (“ABS Technology”), which is partially offset by adjustments related to our acquisition of SLAIT Consulting, LLC (“SLAIT”) and foreign exchange translations. See Note 16, “Business Combinations” . We test goodwill for impairment on an annual basis, as of the first day of our third fiscal quarter, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value. In our annual test as of October 1, 2019, we performed a qualitative assessment of goodwill and concluded that, more likely than not, the fair value of our technology reporting unit continued to substantially exceed its carrying value. During the fourth quarter of fiscal year 2020, we determined that the uncertainty associated with the economic environment stemming from the COVID-19 pandemic was a triggering event and we elected to perform a quantitative goodwill impairment test. We concluded that the fair value of our technology reporting unit substantially exceeded its carrying value as of March 31, 2020. Our conclusions would not be impacted by a ten percent OTHER INTANGIBLE ASSETS Our other intangible assets consist of the following at March 31, 2020, and March 31, 2019 (in thousands): March 31, 2020 March 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships & other intangibles $ 63,006 $ (33,000 ) $ 30,006 $ 57,407 $ (23,865 ) $ 33,542 Capitalized software development 10,385 (5,927 ) 4,458 10,188 (4,802 ) 5,386 Total $ 73,391 $ (38,927 ) $ 34,464 $ 67,595 $ (28,667 ) $ 38,928 Customer relationships and other intangibles are generally amortized between 5 to 10 years. Capitalized software development is generally amortized over 5 years. Total amortization expense was $9.4 million, $7.9 million, and $6.4 million for the years ended March 31, 2020, 2019 and 2018, respectively. Amortization expense is estimated to be $8.2 million, $6.6 million, $5.1 million, $3.8 million, and $2.7 million for the years ended March 31, 2021, 2022, 2023, 2024 and 2025, respectively. See Note 16, “Business Combinations” for additional information regarding acquired intangibles.

RESERVES FOR CREDIT LOSSES

RESERVES FOR CREDIT LOSSES	12 Months Ended
RESERVES FOR CREDIT LOSSES	Mar. 31, 2020
RESERVES FOR CREDIT LOSSES [Abstract]
RESERVES FOR CREDIT LOSSES	7. RESERVES FOR CREDIT LOSSES Activity in our reserves for credit losses for the years ended March 31, 2020, 2019 and 2018 were as follows (in thousands): Accounts Receivable Notes Receivable Lease-Related Receivables Total Balance as of March 31, 2017 $ 1,279 $ 3,434 $ 679 $ 5,392 Provision for credit losses 264 73 125 462 Write-offs and other (5 ) (3,021 ) (164 ) (3,190 ) Balance as of March 31, 2018 1,538 486 640 2,664 Provision for credit losses 195 250 (110 ) 335 Write-offs and other (154 ) (231 ) - (385 ) Balance as of March 31, 2019 1,579 505 530 2,614 Provision for credit losses 627 293 84 1,004 Write-offs and other (425 ) - (4 ) (429 ) Balance as of March 31, 2020 $ 1,781 $ 798 $ 610 $ 3,189 Our reserve for credit losses and minimum payments associated with our notes receivables and lease-related receivables disaggregated based on our impairment method were as follows (in thousands) March 31, 2020 March 31, 2019 Notes Receivable Lease- Related Receivables Notes Receivable Lease- Related Receivables Reserves for credit losses: Ending balance: collectively evaluated for impairment $ 736 $ 610 $ 443 $ 530 Ending balance: individually evaluated for impairment 62 - 62 - Ending balance $ 798 $ 610 $ 505 $ 530 Minimum payments: Ending balance: collectively evaluated for impairment $ 55,005 $ 69,492 $ 40,501 $ 64,201 Ending balance: individually evaluated for impairment 412 - 62 - Ending balance $ 55,417 $ 69,492 $ 40,563 $ 64,201 The net credit exposure for the balance evaluated individually for impairment as of March 31, 2020, and March 31, 2019 was $ million, which is related to one customer. We place receivables on non-accrual status when events occur that indicate a receivable will not be collectable (such as a customer bankruptcy). We charge off uncollectable financing receivables when we stop pursuing collection. The age of the recorded minimum lease payments and net credit exposure associated with our investment in sales-type leases that are past due disaggregated based on our internally assigned credit quality rating (“CQR”) were as follows as of 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 March 31, 2020 High CQR $ 951 $ 105 $ 922 $ 1,978 $ 1,181 $ 33,581 $ 36,740 $ (4,766 ) $ (19,823 ) $ 12,151 Average CQR 46 107 112 265 1,106 31,381 32,752 (3,646 ) (18,693 ) 10,413 Low CQR - - - - - - - - - - Total $ 997 $ 212 $ 1,034 $ 2,243 $ 2,287 $ 64,962 $ 69,492 $ (8,412 ) $ (38,516 ) $ 22,564 March 31, 2019 High CQR $ 325 $ 41 $ 10 $ 376 $ 543 $ 29,503 $ 30,422 $ (2,799 ) $ (11,044 ) $ 16,579 Average CQR 22 54 15 91 125 33,563 33,779 (2,508 ) (20,848 ) 10,423 Low CQR - - - - - - - - - - Total $ 347 $ 95 $ 25 $ 467 $ 668 $ 63,066 $ 64,201 $ (5,307 ) $ (31,892 ) $ 27,002 The age of the recorded notes receivable balance disaggregated based on our internally assigned CQR were as follows as March 31, 2020, and 2019 (in thousands) 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Unbilled Notes Receivable Total Notes Receivable Non- Recourse Notes Payable Net Credit Exposure March 31, 2020 High CQR $ 1,332 $ 2 $ 280 $ 1,614 $ 2,878 $ 29,057 $ 33,549 $ (18,341 ) $ 15,208 Average CQR 140 44 142 326 1,135 19,995 21,456 (16,636 ) 4,820 Low CQR 63 - 152 215 - 197 412 - 412 Total $ 1,535 $ 46 $ 574 $ 2,155 $ 4,013 $ 49,249 $ 55,417 $ (34,977 ) $ 20,440 March 31, 2019 High CQR $ 990 $ 40 $ 30 $ 1,060 $ 3,813 $ 28,113 $ 32,986 $ (18,245 ) $ 14,741 Average CQR 105 34 7 146 137 7,232 7,515 (1,507 ) 6,008 Low CQR - - 62 62 - - 62 - 62 Total $ 1,095 $ 74 $ 99 $ 1,268 $ 3,950 $ 35,345 $ 40,563 $ (19,752 ) $ 20,811 We estimate losses on our net credit exposure to be between 0% - 5% for customers with high 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, AND OTHER

PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES	12 Months Ended
PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES	Mar. 31, 2020
PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES [Abstract]
PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES	8. PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES PROPERTY AND EQUIPMENT NET Property and equipment—net consists of the following (in thousands): March 31, 2020 March 31, 2019 Furniture, fixtures and equipment $ 24,657 $ 23,295 Leasehold improvements 6,964 6,010 Capitalized software 3,513 3,421 Vehicles 315 302 Total assets 35,449 33,028 Accumulated depreciation and amortization (28,296 ) (25,714 ) Property and equipment - net $ 7,153 $ 7,314 For the years ended March 31, 2020, 2019 and 2018, depreciation and amortization expense on property and equipment, including amounts recognized in cost of sales, was $4.8 million, $4.7 million, and $4.1 million, respectively. OTHER ASSETS AND LIABILITIES Our other assets and liabilities consist of the following (in thousands): March 31, 2020 March 31, 2019 Other current assets: Deposits & funds held in escrow $ 926 $ 438 Prepaid assets 7,946 6,425 Other 384 636 Total $ 9,256 $ 7,499 Property, equipment and other assets : Property and equipment, net $ 7,153 $ 7,314 Deferred costs - non-current 10,957 8,856 Right-of-use assets 13,066 - Other 1,420 1,158 Total $ 32,596 $ 17,328 Other current liabilities : Accrued expenses $ 10,024 $ 7,813 Accrued income taxes payable 406 181 Contingent consideration - current 220 5,162 Short-term lease liability 4,815 - Other 7,521 6,129 Total $ 22,986 $ 19,285 Other liabilities : Deferred revenue $ 16,693 $ 13,789 Contingent consideration - long-term - 3,780 Long-term lease liability 8,326 - Other 2,708 108 Total $ 27,727 $ 17,677 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 were placed in escrow and were released during the current fiscal year upon payment of outstanding invoices related to the underlying financing arrangements that were sold. In September 2019, we reached a settlement in full for one of our contingent consideration arrangements in the amount of $9.6 million, which was paid in October 2019. This settlement is the primary factor behind the decrease in short-term and long-term contingent consideration.

NOTES PAYABLE AND CREDIT FACILI

NOTES PAYABLE AND CREDIT FACILITY	12 Months Ended
NOTES PAYABLE AND CREDIT FACILITY	Mar. 31, 2020
NOTES PAYABLE AND CREDIT FACILITY [Abstract]
NOTES PAYABLE AND CREDIT FACILITY	9. NOTES PAYABLE AND CREDIT FACILITY Recourse Notes Payable Recourse notes payable consist of borrowings that, in the event of default, the lender has recourse against the assets serving as collateral, and against us. As of March 31, 2020, recourse notes payable included $ million outstanding under our revolving credit facility with Wells Fargo, which had a weighted average interest rate of . There were amounts outstanding as of March 31, 2019. As of March 31, 2020, and March 31, 2019, we had $ million and $ thousand, respectively, of borrowings that were collateralized by investments in notes and leases. Principal and interest payments 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 recourse notes payable was and , as of March 31, 2020, and March 31, 2019, respectively. Non-recourse Notes Payable Non-recourse notes payable consist of borrowings that, in the event of a default by a customer, the lender generally only has recourse against the customer, and the assets serving as collateral, but not against us. As of March 31, 2020, and March 31, 2019, we had $ million and $ million, respectively, of nonrecourse borrowings that were collateralized by investments in notes and leases. Principal and interest payments 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 , as of March 31, 2020, and March 31, 2019, respectively. Credit Facility Within our technology segment, e Plus Technology, inc. and certain of its subsidiaries finance their 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 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 $ million and $ million as of March 31, 2020, and 2019, respectively. Under the accounts receivable component, we had an outstanding balance as of March 31, 2020, of $ million and outstanding balance as of March 31,2019. As of March 31, 2020, the facility agreement had an aggregate limit of the components of $ million, and the accounts receivable component had a sub-limit of $ million, which bears interest assessed at a rate of the LIBOR plus two and one-half percent . As of March 31, 2020, except during a temporary uplift, the facility had an aggregate limit of $ million for the components and the accounts receivable component had a sub-limit of $ million, which bears interest assessed at a rate of the LIBOR plus two and one-half percent . We had an election beginning July 1 in each year to temporarily increase the aggregate limit of the components to $ million ending the earlier of 90 days following the election or October 31 of that same year. On March 31, 2020, we executed an additional amendment to the WFCDF credit facility that temporarily increased the aggregate limit of the components from $ million to $ million through May 5, 2020. Similarly, the amendment temporarily increased the limit on the accounts receivable component of the WFCDF credit facility to $ million through April 14, 2020. The credit facility has full recourse to e Plus Technology, inc. and certain of its subsidiaries and is secured by a blanket lien against all its assets, such as 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 minimum earnings before interest, taxes, depreciation and amortization (“EBITDA”) of e Plus Technology, inc. We are in compliance with these covenants as of March 31, 2020. In addition, the facility restricts the ability of e Plus Technology, inc. to transfer funds to its affiliates in the form of dividends, loans or advances with certain exceptions for dividends to e Plus inc. More specifically, ePlus Technology, inc. may make loans or advances in the ordinary course of business up to $ million, if (i) we are not in default under the terms and conditions of the agreement, and (ii) our available borrowing as defined in the credit facility is not less than $ million. Loans or advances to affiliates outside of normal course of business are not permitted without prior written consent. In addition, ePlus Technology, inc. may make a dividend to ePlus inc. if, after giving effect to such dividend and as of the date of the dividend; (i) we are not in default under the terms and conditions of the agreement, (ii) our available borrowing as defined in the credit facility is not less than $ million, and (iii) we do not have any outstanding borrowings under the accounts receivable component of the credit facility. In the amendment executed on March 31, 2020, the restriction on borrowings under the accounts receivable component of the credit facility was removed as of March 31, 2020. Accordingly, as of March 31, 2020, there were restricted net assets of ePlus Technology inc. The facility also requires that financial statements of e Plus Technology, inc. and certain of its subsidiaries be provided within days of each quarter and days of each fiscal year end and also includes that other operational reports be provided on a regular basis. Either party may terminate with days’ advance notice. We are not, and do not believe that we are reasonably likely to be, in breach of the WFCDF credit facility. In addition, we do not believe that the covenants of the WFCDF credit facility materially limit our ability to undertake financing. The facility provided by WFCDF requires a guaranty of $ million by e Plus inc. The guaranty requires e Plus inc. to deliver its annual audited financial statements by certain dates. The loss of the WFCDF credit facility could have a material adverse effect on our future results as we currently rely on this facility and its components for daily working capital and liquidity for our technology segment and as an operational function of our accounts payable process. On May 18, 2020, we executed an additional amendment to the WFCDF credit facility that increased the aggregate limit of the two components, except during a temporary uplift, to $275.0 million. Additionally, we have an election to temporarily increase the aggregate limit to $350.0 million for a period of not less than 30 days, provided that all such periods shall not exceed 150 days in the aggregate in any calendar year. Further, the amendment increased the limit on the accounts receivable component of the WFCDF credit facility to $100.0 million, reduced the interest rate to LIBOR plus 2.00%, and removed certain restrictions on e e Recourse and non-recourse notes payable as of March 31, 2020, mature as follows (in thousands): Recourse Notes Payable Non-Recourse Notes Payable Year ending March 31, 2021 $ 37,256 $ 29,630 2022 - 3,998 2023 - 1,334 2024 - 510 2025 and thereafter - 30 $ 37,256 $ 35,502

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2020
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES Legal Proceedings From time to time, the Company may be involved in routine legal proceedings, as well as demands, claims and threatened litigation that arise in the normal course of our business. The ultimate amount of liability, if any, for any claims of any type (either alone or in the aggregate) may materially and adversely affect the Company’s financial condition, results of operations and liquidity. In addition, the ultimate outcome of any litigation is uncertain. Any outcome, whether favorable or unfavorable, may materially and adversely affect the Company due to legal costs and expenses, diversion of management attention and other factors. The Company expenses legal costs in the period incurred. The Company cannot assure that additional contingencies of a legal nature or contingencies having legal aspects will not be asserted against the Company in the future, and these matters could relate to prior, current or future transactions or events.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
EARNINGS PER SHARE	Mar. 31, 2020
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	11. EARNINGS PER SHARE Basic earnings per share is computed by dividing net earnings attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net earnings per share include the potential dilution of securities that could participate in our earnings, but not securities that are anti-dilutive. The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net earnings per common share as disclosed in our consolidated statements of operations for the fiscal years ended March 31, 2020, 2019 and 2018(in thousands, except per share data). 2020 2019 2018 Net earnings attributable to common shareholders - basic and diluted $ 69,082 $ 63,192 $ 55,122 Basic and diluted common shares outstanding: Weighted average common shares outstanding — basic 13,327 13,448 13,790 Effect of dilutive shares 88 130 177 Weighted average shares common outstanding — diluted 13,415 13,578 13,967 Earnings per common share - basic $ 5.18 $ 4.70 $ 4.00 Earnings per common share - diluted $ 5.15 $ 4.65 $ 3.95

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Mar. 31, 2020
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	12. STOCKHOLDERS’ EQUITY Share Repurchase Plan On April 26, 2018, our board of directors authorized the repurchase up to shares of our outstanding common stock over a 12-month period beginning on May 28, 2018 through May 27, 2019. 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. On May 24, 2019, our board of directors authorized the repurchase up to shares of our outstanding common stock over a 12-month period beginning on May 28, 2019 through May 27, 2020. 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 year ended March 31, 2020, we purchased 161,976 shares of our outstanding common stock at an average cost of $70.39 per share for a total purchase price of $11.4 million under the share repurchase plan; we also purchased 41,817 shares of common stock at a value of $3.0 million to satisfy tax withholding obligations relating to the vesting of employees’ restricted stock. During the year ended March 31, 2019, we purchased 185,026 shares of our outstanding common stock at an average cost of $76.34 per share for a total purchase price of $14.1 million under the share repurchase plan. We also acquired 40,092 shares of common stock at a value of $3.9 million to satisfy tax withholding obligations relating to the vesting of employees’ restricted stock.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
SHARE-BASED COMPENSATION	Mar. 31, 2020
SHARE-BASED COMPENSATION [Abstract]
SHARE-BASED COMPENSATION	13. SHARE-BASED COMPENSATION Share-Based Plans In each of the years ended March 31, 2020, 2019 and 2018, we issued share-based payment awards and had outstanding share-based payment awards under the following plans: (1) the 2008 Non-Employee Director Long-Term Incentive Plan (“2008 Director LTIP”), (2) the 2012 Employee Long-Term Incentive Plan (“2012 Employee LTIP”), and (3) the 2017 Non-Employee Director Long-Term Incentive Plan (“2017 Director LTIP”). 2008 Director LTIP On September 15, 2008, our stockholders approved the 2008 Director LTIP that was adopted by the Board on June 25, 2008. Under the 2008 Director LTIP, 500,000 shares had been authorized for grant to non-employee directors. The purpose of the 2008 Director LTIP is to align the economic interests of the directors with the interests of stockholders by including equity as a component of pay and to attract, motivate and retain experienced and knowledgeable directors. Each director receives an annual grant of restricted stock having a grant-date fair value equal to the cash compensation earned by an outside director during our fiscal year ended immediately before the respective annual grant-date. Directors may elect to receive their cash compensation in restricted stock. These restricted shares are prohibited from being sold, transferred, assigned, pledged or otherwise encumbered or disposed of. The shares vest half half second-year As of March 31, 2020, there are no further unvested awards from this plan. 2012 Employee LTIP On September 13, 2012, our stockholders approved the 2012 Employee LTIP that was adopted by the Board on July 10, 2012. Under the 2012 Employee LTIP, 1,500,000 shares were authorized for grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, or other share-based awards to e e e 2017 Director LTIP On September 12, 2017, our stockholders approved the 2017 Director LTIP that was adopted by the Board on July 24, 2017. Under the 2017 Director LTIP, 150,000 shares were authorized for grant to non-employee directors. The purpose of the 2017 Director LTIP is to align the economic interests of the directors with the interests of stockholders by including equity as a component of pay and to attract, motivate and retain experienced and knowledgeable directors. Each director receives an annual grant of restricted stock having a grant-date fair value equal to the cash compensation earned by an outside director during our fiscal year ended immediately before the respective annual grant-date. Directors may elect to receive their cash compensation in restricted stock. These restricted shares are prohibited from being sold, transferred, assigned, pledged or otherwise encumbered or disposed of. The shares vest half half second-year Stock Option Activity During the years ended March 31, 2020, 2019, and 2018, we did not grant any stock options, nor did we have any outstanding stock options. Restricted Stock Activity During the year ended March 31, 2020, we granted 8,887 restricted shares under the 2017 Director LTIP and 85,132 restricted shares under the 2012 Employee LTIP. Cumulatively, as of March 31, 2020, we granted a total of 23,243 restricted shares under the 2017 Director LTIP and 904,555 restricted shares under the 2012 Employee LTIP A summary of the non-vested restricted shares for year ended March 31, 2020 as follows: Number of Shares Weighted Average Grant- date Fair Value Nonvested April 1, 2019 224,000 $ 67.70 Granted 94,019 $ 72.93 Vested (123,250 ) $ 62.07 Forfeited (1,189 ) $ 81.84 Nonvested March 31, 2020 193,580 $ 73.74 In each of the years ended March 31, 2020, 2019 and 2018, we used the closing stock price on the grant date or, if the grant date falls on a date the stock was not traded, the previous day’s closing stock price for the fair value of the award. The weighted-average grant date fair value of restricted shares granted during the years ended March 31, 2020, 2019, and 2018 was $72.93, $94.22, and $80.24, respectively. The aggregated fair value of restricted shares that vested during the years ended March 31, 2020, 2019, and 2018 was $7.6 million, $6.6 million, and $6.0 million, respectively. Upon each vesting period of the restricted stock awards to employees, participants are subject to minimum tax withholding obligations. The 2012 Employee LTIP and the 2017 Director LTIP allow the Company to withhold a sufficient number of shares due to the participant to satisfy their minimum tax withholding obligations. For the year ended March 31, 2020, we withheld 41,817 shares of common stock, at a value of $3.0 million, which was included in treasury stock. For the year ended March 31, 2019, the Company had withheld 40,092 shares of common stock, at a value of $3.9 million, which was included in treasury stock. Compensation Expense We recognize compensation cost for awards of restricted stock with graded vesting on a straight-line basis over the requisite service period. We account for forfeitures when they occur. There are no additional conditions for vesting other than service conditions. During the years ended March 31, 2020, 2019 and 2018, we recognized $8.0 million, $7.2 million and $6.5 million, respectively, of total share-based compensation expense. We recognized tax benefits related to share-based compensation of $2.2 million, $2.0 million, and $1.9 million for the years ended March 31, 2020, 2019, and 2018, respectively, which were included as a reduction to our provision for income taxes. As of March 31, 2020, the total unrecognized compensation expense related to non-vested restricted stock was $8.1 million, which is expected to be recognized over a weighted-average period of 27 months. We also provide our employees with a contributory 401(k) profit sharing plan. We may make contributions, which are fully vested when they are made, to the plan. These contributions are not required. The decision whether to make contributions is entirely within our discretion.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Mar. 31, 2020
INCOME TAXES [Abstract]
INCOME TAXES	14. INCOME TAXES The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was enacted on March 27, 2020. The purpose of the CARES Act is to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. We account for our tax positions in accordance with Codification Topic 740. Under the guidance, we evaluate uncertain tax positions based on the two-step approach. The first step is to evaluate each uncertain tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained in an audit, including resolution of related appeals or litigation processes, if any. For tax positions that are not likely of being sustained upon audit, the second step requires us to estimate and measure the tax benefit as the largest amount that is more than 50 percent likely of being realized upon ultimate settlement. Our total gross unrecognized tax benefits recorded for uncertain income tax, and interest and penalties thereon, were negligible as of March 31, 2020, and March 31, 2019. We had no additions or reductions to our gross uncertain income tax positions during the year ended March 31, 2020. We recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense. We file income tax returns, including returns for our subsidiaries, with federal, state, local, and foreign jurisdictions. Tax years 2017, 2018 and 2019 are subjected to examination by federal and state taxing authorities. Various state and local income tax returns are also under examination by taxing authorities. We do not believe that the outcome of any examination will have a material impact on our financial statements. A reconciliation of income taxes computed at the statutory federal income tax rate of 21.0% to the provision for income taxes included in the consolidated statements of operations is as follows (in thousands, except percentages): Year Ended March 31, 2020 2019 2018 Statutory federal income tax rate 21.0 % 21.0 % 31.5 % Income tax expense computed at the U.S. statutory federal rate $ 20,182 $ 18,139 $ 26,505 Effect of federal reduction of statutory rate - - (1,654 ) State income tax expense—net of federal benefit 5,659 4,795 3,842 Non-deductible executive compensation 613 630 658 Other 423 (526 ) (582 ) Provision for income taxes $ 26,877 $ 23,038 $ 28,769 Effective income tax rate 28.0 % 26.7 % 34.3 % The components of the provision for income taxes are as follows (in thousands): Year Ended March 31, 2020 2019 2018 Current: Federal $ 19,367 $ 12,709 $ 23,196 State 9,520 6,591 5,377 Foreign 200 454 240 Total current expense 29,087 19,754 28,813 Deferred: Federal (492 ) 3,826 (611 ) State (1,799 ) (249 ) 154 Foreign 81 (293 ) 413 Total deferred expense (benefit) (2,210 ) 3,284 (44 ) Provision for income taxes $ 26,877 $ 23,038 $ 28,769 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. As a result of the adoption of Codification Topic 842, we recorded a deferred tax asset related to the lease liabilities and recorded a deferred tax liability related to the right-of-use assets. March 31, 2020 2019 Deferred Tax Assets: Accrued vacation $ 1,966 $ 2,167 Deferred revenue 3,175 1,260 Reserve for credit losses 792 587 Restricted stock 1,575 1,455 Other accruals and reserves 608 1,430 Accrued bonus 2,426 - Lease Liabilities 2,550 - Other credits and carryforwards 1,385 1,065 Gross deferred tax assets 14,477 7,964 Less: valuation allowance (1,385 ) (1,065 ) Net deferred tax assets 13,092 6,899 Deferred Tax Liabilities: Property and equipment (2,102 ) (2,150 ) Operating leases (10,098 ) (9,197 ) Prepaid expenses (817 ) - Right-of-use assets (2,535 ) - Tax deductible goodwill (270 ) (467 ) Total deferred tax liabilities (15,822 ) (11,814 ) Net deferred tax liabilities $ (2,730 ) $ (4,915 ) As of March 31, 2020, we have state capital loss carryforwards of approximately $1.3 million, which have been fully reserved. The valuation allowance resulted from management’s determination, based on available evidence, that it was more likely than not that the state capital loss deferred tax asset balance may not be realized. If not realized, the state capital loss carryforwards will generally expire in 5 years.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2020
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	15. FAIR VALUE MEASUREMENTS We account for the fair values of our assets and liabilities utilizing a -tier value hierarchy, which prioritizes the inputs used in measuring fair value. The following table provides the fair value of our assets and liabilities measured at fair value as categorized within the fair value hierarchy as of and (in s): Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable (Level 3) March 31, 2020 Assets: Money market funds $ 128 $ 128 $ - $ - Liabilities: Contingent consideration $ 220 $ - $ - $ 220 March 31, 2019 Assets: Money market funds $ 50 $ 50 $ - $ - Liabilities: Contingent consideration $ 8,942 $ - $ - $ 8,942 During the years ended March and March we recorded adjustments of and to reflect increases in the fair value of our existing contingent consideration liabilities, respectively, and paid and , respectively, to satisfy the obligations of our contingent consideration arrangements. During the year ended March we recorded in initial contingent consideration due to business acquisitions and recorded adjustments of that increased the fair value of our liability for contingent consideration. We recognized the adjustments to our contingent consideration within general and administrative expenses in our consolidated statement of operations.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
BUSINESS COMBINATIONS	Mar. 31, 2020
BUSINESS COMBINATIONS [Abstract]
BUSINESS COMBINATIONS	16. BUSINESS COMBINATIONS ABS Technology On August our subsidiary, ePlus Technology, inc., acquired certain assets and liabilities of ABS Technology, a Virginia Beach, Virginia- headquartered solutions provider with deep expertise in managed services, networking, collaboration, and security solutions. ABS Technology enhances ePlus’ existing solutions portfolio and market position in Richmond and southern Virginia. Our sum of consideration transferred is consisting of paid in cash at closing plus that is being paid primarily upon the collection of certain accounts receivable, of which was paid by March and less that was repaid to us in December due to a working capital adjustment. Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in s): Acquisition Date Amount Accounts receivable $ 9,208 Other assets 743 Identified intangible assets 5,720 Accounts payable and other current liabilities (6,715 ) Performance obligation (1,140 ) Total identifiable net assets 7,816 Goodwill 7,461 Total purchase consideration $ 15,277 The identified intangible assets of consist of customer relationships with an estimated useful life of 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 , 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 as though the acquisition date had been April is not material. SLAIT Consulting, LLC On January 18, 2019, our subsidiary, e Our sum of consideration transferred is $50.0 million consisting of $50.7 million paid in cash at closing, less $1.0 million cash acquired, and plus a working capital adjustment of $0.3 million that we paid in May 2019. Acquisition Date Amount Accounts receivable $ 10,209 Other assets 1,050 Identified intangible assets 18,190 Accounts payable and other current liabilities (8,611 ) Performance obligation (5,110 ) Total identifiable net assets 15,728 Goodwill 34,301 Total purchase consideration $ 50,029 The identified intangible assets of $18.2 million consist of customer relationships with an estimated useful life of 10 years. The fair value of acquired receivables equals the gross contractual amounts receivable. We collected all acquired receivables. We recognized goodwill related to this transaction of $ 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 reporting period ending March as though the acquisition date had been April is not material. The amounts above reflect a measurement period adjustment recorded in our fiscal ended March that increased the purchase consideration related to a working capital adjustment by , increased identifiable net assets by and decreased goodwill by . Integrated Data Storage, LLC 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 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 year ended March 31, 2018 as though the acquisition date had been April 1, 2017, is not material. OneCloud Consulting Inc. On May 17, 2017, our subsidiary e Plus Technology, inc., acquired 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 $ million consisting of $ million paid in cash at closing, net of cash acquired, and $ million equal to the fair value of contingent consideration, calculated using the Monte Carlo simulation model. The maximum payout of the contingent consideration is $ million paid over 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 year ended March 31, 2018, as though the acquisition date had the acquisition date been April 1, 2017, is not material.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
SEGMENT REPORTING	Mar. 31, 2020
SEGMENT REPORTING [Abstract]
SEGMENT REPORTING	17. SEGMENT REPORTING The Company’s segment information is presented in accordance with a “management approach,” which designates the internal reporting used by the chief operating decision-maker (“CODM”) for deciding how to allocate resources and for assessing performance. Our CODM is our Chief Executive Officer and President. Our CODM conducts our operations through two operating segments, our technology segment and our financing segment. Our technology segment includes sales of information technology products, third-party software, third-party maintenance, advanced professional and managed services and our proprietary software to commercial, state and local governments, and government contractors. Our financing segment consists of the financing of IT equipment, software and related services to commercial, state and local governments, and government contractors. Our CODM uses several measures to allocate resources and assess performance. Our reported measure is earnings before taxes. Our reportable segment information was as follows (in thousands): Fiscal Year Ended March 31, 2020 March 31, 2019 March 31, 2018 Technology Financing Total Technology Financing Total Technology Financing Total Sales Product $ 1,337,022 $ 58,266 $ 1,395,288 $ 1,180,042 $ 43,153 $ 1,223,195 $ 1,243,270 $ 46,037 $ 1,289,307 Service 193,116 - 193,116 149,478 - 149,478 129,495 - 129,495 Net sales $ 1,530,138 $ 58,266 $ 1,588,404 $ 1,329,520 $ 43,153 $ 1,372,673 $ 1,372,765 $ 46,037 $ 1,418,802 Cost of Sales Product 1,069,110 7,663 1,076,773 945,037 7,427 952,464 1,013,748 9,842 1,023,590 Service 120,440 - 120,440 89,821 - 89,821 71,730 - 71,730 Total cost of sales 1,189,550 7,663 1,197,213 1,034,858 7,427 1,042,285 1,085,478 9,842 1,095,320 Gross Profit 340,588 50,603 391,191 294,662 35,726 330,388 287,287 36,195 323,482 Selling, general, and administrative 264,123 15,059 279,182 226,112 10,970 237,082 214,980 13,147 228,127 Depreciation and amortization 14,016 140 14,156 11,812 12 11,824 9,918 3 9,921 Interest and financing costs 294 2,280 2,574 - 1,948 1,948 - 1,195 1,195 Operating expenses 278,433 17,479 295,912 237,924 12,930 250,854 224,898 14,345 239,243 Operating income 62,155 33,124 95,279 56,738 22,796 79,534 62,389 21,850 84,239 Other income 680 6,696 (348 ) Earnings before tax $ 95,959 $ 86,230 $ 83,891 Net Sales Contracts with customers $ 1,514,507 $ 4,589 $ 1,519,096 $ 1,308,405 $ 3,577 $ 1,311,982 $ 1,356,225 $ 13,732 $ 1,369,957 Financing and other 15,631 53,677 69,308 21,115 39,576 60,691 16,540 32,305 48,845 Net Sales $ 1,530,138 $ 58,266 $ 1,588,404 $ 1,329,520 $ 43,153 $ 1,372,673 $ 1,372,765 $ 46,037 $ 1,418,802 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 14,516 $ 4,640 $ 19,156 $ 12,661 $ 5,978 $ 18,639 $ 10,461 $ 5,366 $ 15,827 Purchases of property, equipment and operating lease equipment $ 4,842 $ 2,167 $ 7,009 $ 6,042 $ 5,587 $ 11,629 $ 5,353 $ 2,237 $ 7,590 Selected Financial Data - Balance Sheet Total assets $ 709,854 $ 199,259 $ 909,113 $ 607,998 $ 178,200 $ 786,198 $ 537,776 $ 217,695 $ 755,471 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): Fiscal Year Ended March 31, 2020 2019 2018 Customer end market: Technology $ 324,239 $ 293,362 $ 330,241 Telecom, Media & Entertainment 289,958 175,260 194,292 Financial Services 191,679 202,074 201,712 SLED 243,092 223,330 234,141 Healthcare 233,894 193,754 189,889 All others 247,276 241,740 222,490 Net sales 1,530,138 1,329,520 1,372,765 Financing and other (15,631 ) (21,115 ) (16,540 ) Revenue from contracts with customers $ 1,514,507 $ 1,308,405 $ 1,356,225 Fiscal Year Ended March 31, 2020 2019 2018 Vendor Cisco Systems $ 607,719 $ 556,182 $ 582,419 NetApp 59,812 48,858 54,821 HP Inc. & HPE 71,802 74,348 86,675 Dell / EMC 84,939 61,284 54,294 Arista Networks 75,281 57,850 52,521 Juniper 68,339 48,943 44,623 All others 562,246 482,055 497,412 Net sales 1,530,138 1,329,520 1,372,765 Financing and other (15,631 ) (21,115 ) (16,540 ) Revenue from contracts with customers $ 1,514,507 $ 1,308,405 $ 1,356,225 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. Geographic information The geographic information for the years ended March 31, 2020, 2019 and 2018 was as follows (in thousands): Year Ended March 31, 2020 2019 2018 Net sales: US $ 1,508,329 $ 1,284,482 $ 1,349,254 Non US 80,075 88,191 69,548 Total $ 1,588,404 $ 1,372,673 $ 1,418,802 As of March 31, 2020 2019 Long-lived tangible assets: US $ 38,297 $ 32,570 Non US 1,233 1,156 Total $ 39,530 $ 33,726 Our long-lived tangible assets include property and equipment-net, operating leases-net, and equipment that has been returned to us at the termination of the lease. Sales to a large telecom company represented of net sales for the year ended March 31, 2020, all of which related to our technology segment. Sales to no one customer exceeded 10% of net sales for the year ended March 31, 2019. Sales to a large technology company were approximately of net sales for the year ended March 31, 2018, all of which related to our technology segment.

QUARTERLY DATA - UNAUDITED

QUARTERLY DATA - UNAUDITED	12 Months Ended
QUARTERLY DATA - UNAUDITED	Mar. 31, 2020
QUARTERLY DATA -UNAUDITED [Abstract]
QUARTERLY DATA -UNAUDITED	18. QUARTERLY DATA —UNAUDITED Condensed quarterly financial information is as follows (amounts in thousands, except per share amounts): Year Ended March 31, 2020 First Quarter Second Quarter Third Quarter Fourth Quarter Annual Amount Sales Product $ 335,601 $ 363,497 $ 378,569 $ 317,621 $ 1,395,288 Service 45,771 48,068 50,422 48,855 193,116 Total net sales 381,372 411,565 428,991 366,476 1,588,404 Cost of Sales Product 260,063 278,863 293,209 244,638 1,076,773 Service 28,670 29,671 32,086 30,013 120,440 Total cost of sales 288,733 308,534 325,295 274,651 1,197,213 Gross profit 92,639 103,031 103,696 91,825 391,191 Selling, general, and administrative expenses 65,787 70,523 73,090 69,782 279,182 Depreciation and amortization 3,463 3,557 3,647 3,489 14,156 Interest and financing costs 628 576 694 676 2,574 Operating expenses 69,878 74,656 77,431 73,947 295,912 Operating income 22,761 28,375 26,265 17,878 95,279 Other income and (expense) (45 ) (40 ) 997 (232 ) 680 Earnings before provision for income taxes 22,716 28,335 27,262 17,646 95,959 Provision for income taxes 6,528 8,237 7,712 4,400 26,877 Net earnings $ 16,188 $ 20,098 $ 19,550 $ 13,246 $ 69,082 Net earnings per common share— Basic (1) $ 1.21 $ 1.51 $ 1.47 $ 0.99 $ 5.18 Net earnings per common share— Diluted (1) $ 1.20 $ 1.51 $ 1.46 $ 0.99 $ 5.15 (1) Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. Year Ended March 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Annual Amount Sales Product $ 322,817 $ 309,475 $ 310,443 $ 280,460 $ 1,223,195 Service 33,715 35,568 35,221 44,974 149,478 Total net sales 356,532 345,043 345,664 325,434 1,372,673 Cost of Sales Product 255,812 238,134 241,856 216,662 952,464 Service 20,017 21,409 20,895 27,500 89,821 Total cost of sales 275,829 259,543 262,751 244,162 1,042,285 Gross profit 80,703 85,500 82,913 81,272 330,388 Selling, general, and administrative expenses 56,966 57,705 59,728 62,683 237,082 Depreciation and amortization 2,790 2,741 2,719 3,574 11,824 Interest and financing costs 476 484 443 545 1,948 Operating expenses 60,232 60,930 62,890 66,802 250,854 Operating income 20,471 24,570 20,023 14,470 79,534 Other income and (expense) 97 322 721 5,556 6,696 Earnings before provision for income taxes 20,568 24,892 20,744 20,026 86,230 Provision for income taxes 5,295 6,889 5,880 4,974 23,038 Net earnings $ 15,273 $ 18,003 $ 14,864 $ 15,052 $ 63,192 Net earnings per common share— Basic (1) $ 1.14 $ 1.33 $ 1.10 $ 1.12 $ 4.70 Net earnings per common share— Diluted (1) $ 1.12 $ 1.33 $ 1.10 $ 1.12 $ 4.65 (1) Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	Mar. 31, 2020
Schedule II - Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	e Schedule II - Valuation and Qualifying Accounts (Dollars in thousands) Balance at Beginning of Period Charged to Costs and Expenses Deductions/ Write-Offs Balance at End of Period Allowance for Sales Returns: (1) Year Ended March 31, 2018 752 2,579 (2,432 ) 899 Year Ended March 31, 2019 899 1,305 (1,352 ) 852 Year Ended March 31, 2020 852 2,678 (2,492 ) 1,038 Reserve for Credit Losses: Year Ended March 31, 2018 5,392 462 (3,190 ) 2,664 Year Ended March 31, 2019 2,664 335 (385 ) 2,614 Year Ended March 31, 2020 2,614 1,004 (429 ) 3,189 Valuation for Deferred Taxes: Year Ended March 31, 2018 1,270 65 - 1,335 Year Ended March 31, 2019 1,335 (270 ) - 1,065 Year Ended March 31, 2020 1,065 320 - 1,385 (1) These amounts represent the gross profit effect of sales returns during the respective years. Expected merchandise returns after year-end for sales made before year-end were $ million, $ million, and $ million as of March 31, 2020, 2019, and 2018, respectively.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 31, 2020
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION — The consolidated financial statements include the accounts of e
USE OF ESTIMATES	USE OF ESTIMATES — The preparation of financial statements in conformity with accounting principles generally accepted in the US requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Estimates are used when accounting for items and matters including, but not limited to, revenue recognition, residual asset values, vendor consideration, lease classification, goodwill and intangibles, reserves for credit losses, inventory obsolescence, and the recognition and measurement of income tax assets and other provisions and contingencies. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from these estimates.
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS — We account for business combinations using the acquisition method, which requires that the total purchase price for each of the acquired entity be allocated to the assets acquired and liabilities assumed based on their fair values at the acquisition date. The allocation process requires an analysis of intangible assets, such as customer relationships, trade names, acquired contractual rights and assumed contractual commitments and legal contingencies to identify and record all assets acquired and liabilities assumed at their fair value. We record any premium paid over the fair value of the acquired net assets as goodwill. Our initial purchase price allocations are subject to revision within the measurement period, not to exceed one year from the date of acquisition. We include the results of operations for the acquired company in our financial statements from the acquisition date.
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS — Cash and cash equivalents consist primarily of interest-bearing accounts and money market funds that consist of short-term US treasury securities. We consider all highly liquid investments, including those with an original maturity of three months or less at the date of acquisition, to be cash equivalents. We have a lockbox account whose purpose is to collect and distribute customer payments under financing arrangements. As of March 31, 2020, and March 31, 2019, we had no amounts being held in trust for third party recipients within our lockbox account. As of March 31, 2020, and March 31, 2019, there were no restrictions on the withdrawal of funds from our money market funds.
CONCENTRATIONS OF RISK	CONCENTRATIONS OF RISK — Financial instruments that potentially subject us to concentrations of credit risk include cash and cash equivalents, short-term investments, accounts receivable, and financing receivables. Cash and cash equivalents may include short-term investments that are maintained principally with financial institutions in the US. Our risk on accounts receivable and financing receivables is reduced by having a broad customer base in a diverse range of industries and through the ongoing evaluation of collectability of our portfolio. Our credit risk is further mitigated by transferring certain financial assets to financial institutions on a non-recourse basis and, concerning leases, by owning the underlying asset. A substantial portion of our sales are products from Cisco Systems, which represented approximately 40%, 42%, and 42%, of our technology segment net sales for the years ended March 31, 2020, 2019, and 2018, respectively.
DEFERRED COSTS	DEFERRED COSTS — When a contract is within the scope of Accounting Standards Codification (“Codification”) Topic 606, Revenue from Contracts with Customers
DEFERRED REVENUE	DEFERRED REVENUE — We recognize deferred revenue when cash payments are received or due in advance of our performance.
EARNINGS PER SHARE	EARNINGS PER SHARE — Basic earnings per share is calculated by dividing net earnings attributable to common stockholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share reflects the potential dilution of securities that could participate in our earnings, including restricted stock awards during each period.
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT — We follow the guidance in Codification Topic 820 Fair Value Measurements ● Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. ● Level 2 – Inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities in active markets, that are observable for the asset or liability, either directly or indirectly. ● Level 3 – Unobservable inputs for the asset or liability. The fair values are determined based on model-based techniques such as discounted cash flow models using inputs that we could not corroborate with market data.
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS — For financial instruments such as cash, short-term investments, accounts receivables, accounts payable and other current liabilities, we consider the recorded value of the financial instruments to approximate the fair value due to their short maturities. On March 31, 2020, the carrying amounts of our notes receivables, recourse and non-recourse payables were $54.8 million, $37.3 million and $35.5 million, respectively, and their fair values were $55.4 million, $37.3 million and $35.5 million, respectively. At March 31, 2019, the carrying amounts of our notes receivables and non-recourse payables were $40.4 million and $48.6 million, respectively, and their fair values were $40.5 million and $48.7 million, respectively. The carrying amount and fair value of our recourse notes payable at March 31, 2019, were insignificant.
FINANCING RECEIVABLES AND OPERATING LEASES	FINANCING RECEIVABLES AND OPERATING LEASES — Financing receivables and operating leases consists of notes receivable, sales-type leases and operating leases. We issue financing receivables for periods generally between 2 to 6 years, with most terms ranging between 3 to 4 years. When we lease equipment under an operating lease, we recognize the underlying asset at cost and depreciate it on a straight-line bases over its estimated useful life. We estimate that the useful life for most information technology (“IT”) equipment under lease is 4 years.
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION — Our functional currency is the US dollar. Our international subsidiaries typically use their local currency as their functional currency. We translate the assets and liabilities of our international subsidiaries into US dollars at the spot rate in effect at the applicable reporting date. We translate the revenues and expenses of our international subsidiaries into US dollars at the average exchange rates in effect during the applicable period. We report the resulting foreign currency translation adjustment as accumulated other comprehensive loss, which is reflected as a separate component of stockholders’ equity. We report all foreign currency transaction gains or losses in other income (expense) on our consolidated statement of operations. We recognized a loss of $0.4 million, a gain of $0.4 million, and a loss of $0.8 million due to foreign currency translations for the years ended March 31, 2020, 2019, and 2018, respectively.
GOODWILL	GOODWILL — We test goodwill for impairment on an annual basis, as of October 1, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying amount. In a qualitative assessment, we assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If, after assessing the totality of events or circumstances, we determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the quantitative goodwill impairment test is unnecessary. If, after assessing the totality of events or circumstances, we determine that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then we perform the quantitative goodwill impairment test. We may also elect the unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. In the quantitative impairment test, we compare the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. Conversely, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit.
INCOME TAXES	INCOME TAXES — Deferred income taxes are accounted for in accordance with Codification Topic 740 Income Taxes In addition, we account for uncertain tax positions in accordance with Codification Topic 740. Specifically, the Topic prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The interpretation also provides guidance on the related de-recognition, classification, interest and penalties, accounting for interim periods, disclosure and transition of uncertain tax positions. In accordance with our accounting policy, we recognize accrued interest and penalties related to unrecognized tax benefits as a component of tax expense.
INVENTORIES	INVENTORIES — Inventories are stated at the lower of cost and net realizable value. Cost is determined using a weighted average cost method. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Our determination of the net realizable value for inventories is based on the terms of underlying purchase commitments from our customers, current economic conditions including the impact of COVID-19, and other relevant factors.
LESSEE ACCOUNTING	LESSEE ACCOUNTING — We lease office space over initial terms typically between 3 and 6 years. At the lease commencement date, we recognize operating lease liabilities based on the present value of the future minimum lease payments. In determining the present value of future minimum lease payments, we use our incremental borrowing rate based on the information available at the commencement date. When the future minimum payments encompass non-lease components, we account for the lease and non-lease components as a single lease component. We elected not to recognize right-of-use assets and lease liabilities for leases with an initial term of 12 months or less. We recognize lease expense on a straight-line basis over the lease term beginning on the commencement date.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT — Property and equipment are stated at cost, net of accumulated depreciation and amortization. We recognize property and equipment obtained through a business combination at its fair market value as of the acquisition date. We compute depreciation and amortization using the straight-line method over the estimated useful lives of the related assets, which range from three
RESERVES FOR CREDIT LOSSES	RESERVES FOR CREDIT LOSSES —We maintain our reserves for credit losses related to our accounts receivable and financing receivables at levels believed to be adequate to absorb potential losses inherent in their respective balances. We increase our reserve for credit losses through a charge to bad debt expense for potential losses. We decrease our reserve for credit losses when we charge off the related receivable in the period the receivables are deemed uncollectable. We recognize recoveries of receivables previously charged off when received. Our determination of the adequacy of the reserves for credit losses for accounts receivable is based on the age of the receivable balance, our internal rating of the customer’s credit quality, our historical credit losses, current economic conditions including the impact of COVID-19, and other relevant factors. Our determination of the adequacy of the reserve for credit losses for financing receivables is based on our internal rating of the customer’s credit quality, our historical credit losses, current economic conditions including the impact of COVID-19, the fair value of the underlying collateral, and the volume, growth, and composition of our portfolio, and other relevant facts. Prior to providing credit, we assign an internal rating for each customer’s credit quality based on the customer’s financial status, rating agency reports and other financial information. We update the internal credit quality rating at least annually or when an indicator of a change in credit quality arises, such as a delinquency or bankruptcy.
RESIDUAL ASSETS	RESIDUAL ASSETS — Our estimate for the residual asset in a lease is the amount we expect to derive from the underlying asset following the end of the lease term. In a sales-type lease, we recognize the unguaranteed residual asset, measured on a discounted basis, upon lease commencement. In our subsequent accounting for the lease, we increase the unguaranteed residual asset using the effective interest method. We evaluate residual values for impairment on a quarterly basis. We recognize impairments as incurred. We do not recognize upward adjustments due to changes in estimates of residual values.
REVENUE RECOGNITION	REVENUE RECOGNITION — We recognize most of our revenues from the sales of third-party products, third-party software, third-party maintenance, software support, and services, 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 842, Leases Product Revenue 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. Sales are recognized 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 software to the customer. 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. Similarly, we are the agent in sales of third-party software and accompanying third-party support when the third-party software benefits the customer only in conjunction with the accompanying support. In these sales, we consider the third-party software and support as inputs to a single performance obligation. In all these sales where we are the agent, we recognize sales on a net basis at the point that our customer and vendor accept the terms and conditions of the arrangement. 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 842. We utilize a portfolio approach by grouping together many similar assets being leased to a single customer. We classify our leases as either sales-type leases or operating leases. We classify leases as sales-type leases if any one of five criteria are met, each of which indicate that the lease transfers control of the underlying asset to the lessee. We classify our other leases as operating leases. For sales-type leases, upon lease commencement, we recognize the present value of the lease payments and the residual asset discounted using the rate implicit in the lease. When we are financing equipment provided by another dealer, we typically do not have any selling profit or loss arising from the lease. When we are the dealer of the equipment being leased, we typically recognize revenue in the amount of the lease receivable and cost of sales in the amount of the carrying value of the underlying asset minus the unguaranteed residual asset. After the commencement date, we recognize interest income as part of net sales using the effective interest method. For operating leases, we recognize the underlying asset as an operating lease asset. We depreciate the asset on a straight-line basis to its estimated residual value over its estimated useful life. We recognize the lease payments over the lease term on a straight-line basis as part of net sales. In all our leases, we recognize variable lease payments, primarily reimbursement for property taxes associated with the leased asset, as part of net sales in the period in which the changes in facts and circumstances on which the variable lease payments are based occur. We exclude from revenues and expenses any sales taxes reimbursed by the lessee. We also finance third-party software and third-party services for our customers, which we classify as notes-receivable. We recognize interest income on our notes-receivable using the effective interest method. We account for transfers of our financial assets, under Codification Topic 860 Transfers and Servicing Service Revenue Sales of e Plus professional, managed services, and staffing e e e In arrangements for e In arrangements for e
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION — We account for share-based compensation in accordance with Codification Topic 718 Compensation—Stock Compensation
SOFTWARE DEVELOPMENT COSTS	SOFTWARE DEVELOPMENT COSTS — We capitalize costs for the development of internal use software under the Codification Topic 350-40 Intangibles—Goodwill and Other Intangibles, Internal-Use Software
TREASURY STOCK	TREASURY STOCK — We account for treasury stock under the cost method and include treasury stock as a component of stockholders’ equity on the accompanying consolidated balance sheets.
VENDOR CONSIDERATION	VENDOR CONSIDERATION — We receive payments and credits from vendors pursuant to volume incentive programs and shared marketing expense programs. Many of these programs extend over one or more quarters’ sales activities. Different programs have different vendor/program specific milestones to achieve. Amounts due from vendors as of March 31, 2020, and 2019 were $20.8 million and $13.1 million, respectively, which were included within accounts receivable-other, net in the accompanying balance sheets. We recognize rebates pursuant to volume incentive programs, when the rebate is probable and reasonably estimable, based on a systematic and rational allocation of the cash consideration offered to the underlying transactions that result in our progress toward earning the rebate. When a rebate is not probable or not reasonably estimable, we recognized the rebate as the milestones are achieved or as cash is received. We recognize rebates pursuant to shared marketing expense programs as a reduction of the related selling and administrative expenses in the period the program occurs when the consideration represents a reimbursement of specific, incremental, identifiable costs. We recognize consideration that exceeds the specific, incremental, identifiable costs as a reduction of cost of sales.

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	12 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	Mar. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS —We adopted Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) As part of our transition, we elected a package of practical expedients to not reassess whether any expired or existing contracts are or contain leases, not reassess the lease classification for any expired or existing leases, and not reassess initial direct costs for any existing leases. As a result of our adoption, we recorded an initial impact to our consolidated balance sheets of establishing right-of-use assets of $12.7 million and lease liabilities of $12.3 million and a reduction in prepaid assets of $0.4 million at the beginning of our quarter ended June 30, 2019. 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

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
REVENUES (Tables)	Mar. 31, 2020
REVENUES [Abstract]
Balance of Receivables, Contract Assets, and Contract Liabilities	Accounts receivable – trade consists entirely of amounts due from contracts with customers. In addition, we had $ million, $ million and $ million of receivables from contracts with customers included within financing receivables as of March 31, 2020, 2019 and 2018, respectively. The following table provides the balance of contract liabilities from contracts with customers (in thousands): Years Ended March 31, Contract liabilities 2020 2019 2018 Current (included in deferred revenue) $ 54,486 $ 46,356 $ 34,643 Non-current (included in other liabilities) $ 16,395 $ 13,593 $ 12,699
Remaining Performance Obligations	The following table includes revenue expected to be recognized in the future related to performance obligations, primarily non-cancelable contracts for e Year ending March 31, 2021 $ 28,701 2022 10,815 2023 3,892 2024 628 2025 and thereafter 554 Total remaining performance obligations $ 44,590

FINANCING RECEIVABLES AND OPE_2

FINANCING RECEIVABLES AND OPERATING LEASES (Tables)	12 Months Ended
FINANCING RECEIVABLES AND OPERATING LEASES (Tables)	Mar. 31, 2020
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
Sales-type Leases	The following table provides the profit recognized for sales-type leases at their commencement date (in thousands): Year ended March 31, 2020 Net sales $ 15,631 Cost of sales 13,039 Gross Profit $ 2,592 The following table provides interest income in aggregate for sales-type leases and lease income for operating leases (in thousands): Year ended March 31, 2020 Interest Income on sales-type leases $ 6,623 Lease income on operating leases $ 18,534
Notes Receivable Net and Investments in Leases	Our financing receivables, net consist of the following (in thousands): March 31, 2020 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 55,417 $ 69,492 $ 124,909 Estimated unguaranteed residual value (1) - 21,862 21,862 Initial direct costs, net of amortization (2) 212 247 459 Unearned income - (11,612 ) (11,612 ) Reserve for credit losses (3) (798 ) (610 ) (1,408 ) Total, net $ 54,831 $ 79,379 $ 134,210 Reported as: Current $ 31,181 $ 38,988 $ 70,169 Long-term 23,650 40,391 64,041 Total, net $ 54,831 $ 79,379 $ 134,210 (1) Includes estimated unguaranteed residual values of $14,972 thousand for sales-type leases, which have been sold and accounted for as sales (2) Initial direct costs are shown net of amortization of $295 thousand. (3) For details on reserve for credit losses, refer to Note 7, “Reserves for Credit Losses.” March 31, 2019 Notes Receivables Lease-Related Receivables Total Financing Receivables Minimum payments $ 40,563 $ 64,201 $ 104,764 Estimated unguaranteed residual value (1) - 14,639 14,639 Initial direct costs, net of amortization (2) 377 332 709 Unearned income - (7,671 ) (7,671 ) Reserve for credit losses (3) (505 ) (530 ) (1,035 ) Total, net $ 40,435 $ 70,971 $ 111,406 Reported as: Current $ 30,852 $ 32,914 $ 63,766 Long-term 9,583 38,057 47,640 Total, net $ 40,435 $ 70,971 $ 111,406 (1) Includes $8,996 thousand for estimated residual values of sales-type leases and direct financing leases for which we sold the financing assets (2) Initial direct costs are shown net of amortization of $275 thousand. (3) For details on reserve for credit losses, refer to Note 7, “Reserves for Credit Losses.”
Future Scheduled Minimum Lease Payments	Future scheduled minimum lease payments for investments in sales-type leases as of March 31, 2020, are as follows (in thousands): Year ending March 31, 2021 $ 39,414 2022 16,471 2023 9,396 2024 2,597 2025 and thereafter 1,614 Total $ 69,492
Investment in Operating Lease Equipment - Net	Operating leases—net represents leases that do not qualify as sales-type leases. The components of the operating leases—net are as follows (in thousands): March 31, 2020 March 31, 2019 Cost of equipment under operating leases $ 21,276 $ 21,532 Accumulated depreciation (11,159 ) (10,139 ) Investment in operating lease equipment—net (1) $ 10,117 $ 11,393 (1) Amounts include estimated unguaranteed residual values of $3.1 million and $2.9 million as of March 31, 2020, and 2019, respectively.
Future Minimum Rental Payments for Operating Leases	Future scheduled minimum lease rental payments as of March 31, 2020, are as follows (in thousands): Year ending March 31, 2021 $ 4,844 2022 2,982 2023 1,653 2024 465 2025 and thereafter 22 Total $ 9,966

LESSEE ACCOUNTING (Tables)

LESSEE ACCOUNTING (Tables)	12 Months Ended
LESSEE ACCOUNTING (Tables)	Mar. 31, 2020
LESSEE ACCOUNTING [Abstract]
Supplemental Information of Remaining Lease Terms and Discount Rates	Supplemental information about the remaining lease terms and discount rates applied as of March 31, 2020: Lease term and Discount Rate March 31, 2020 Weighted average remaining lease term (months) 38 Weighted average discount rate 3.9 %
Future Lease Payments Under Operating Leases	As of March 31, 2020, we have future lease payments under our operating leases (in thousands): March 31, 2020 Year ending March 31, 2021 $ 4,904 2022 4,038 2023 3,054 2024 1,206 Thereafter 762 Total lease payments $ 13,964 Less: Interest (823 ) Present value of lease liabilities $ 13,141
Future Minimum Lease Payments for Operating Leases Contractual Obligations	We had annual rent expense relating to operating leases of $5.2 million and $6.7 million for the years ended March 31, 2019, and 2018, respectively. As of March 31, 2019, we had future minimum lease payments under operating leases as follows (in thousands): March 31, 2019 Year ending March 31, 2020 $ 4,530 2021 4,026 2022 2,727 2023 2,025 2024 and thereafter 293 Total lease payments $ 13,601

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Mar. 31, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
Changes in Goodwill	The following table summarizes the changes in the carrying amount of goodwill for the years ended March 31, 2020, and March 31, 2019, respectively (in thousands): March 31, 2020 March 31, 2019 Goodwill Accumulated Impairment Loss Net Carrying Amount Goodwill Accumulated Impairment Loss Net Carrying Amount Beginning balance $ 119,480 $ (8,673 ) $ 110,807 $ 85,297 $ (8,673 ) $ 76,624 Acquisitions 7,410 - 7,410 34,352 - 34,352 Foreign currency translations (120 ) - (120 ) (169 ) - (169 ) Ending balance $ 126,770 $ (8,673 ) $ 118,097 $ 119,480 $ (8,673 ) $ 110,807
Other Intangible Assets	Our other intangible assets consist of the following at March 31, 2020, and March 31, 2019 (in thousands): March 31, 2020 March 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships & other intangibles $ 63,006 $ (33,000 ) $ 30,006 $ 57,407 $ (23,865 ) $ 33,542 Capitalized software development 10,385 (5,927 ) 4,458 10,188 (4,802 ) 5,386 Total $ 73,391 $ (38,927 ) $ 34,464 $ 67,595 $ (28,667 ) $ 38,928

RESERVES FOR CREDIT LOSSES (Tab

RESERVES FOR CREDIT LOSSES (Tables)	12 Months Ended
RESERVES FOR CREDIT LOSSES (Tables)	Mar. 31, 2020
RESERVES FOR CREDIT LOSSES [Abstract]
Activity in Reserves for Credit Losses	Activity in our reserves for credit losses for the years ended March 31, 2020, 2019 and 2018 were as follows (in thousands): Accounts Receivable Notes Receivable Lease-Related Receivables Total Balance as of March 31, 2017 $ 1,279 $ 3,434 $ 679 $ 5,392 Provision for credit losses 264 73 125 462 Write-offs and other (5 ) (3,021 ) (164 ) (3,190 ) Balance as of March 31, 2018 1,538 486 640 2,664 Provision for credit losses 195 250 (110 ) 335 Write-offs and other (154 ) (231 ) - (385 ) Balance as of March 31, 2019 1,579 505 530 2,614 Provision for credit losses 627 293 84 1,004 Write-offs and other (425 ) - (4 ) (429 ) Balance as of March 31, 2020 $ 1,781 $ 798 $ 610 $ 3,189
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 reserve for credit losses and minimum payments associated with our notes receivables and lease-related receivables disaggregated based on our impairment method were as follows (in thousands) March 31, 2020 March 31, 2019 Notes Receivable Lease- Related Receivables Notes Receivable Lease- Related Receivables Reserves for credit losses: Ending balance: collectively evaluated for impairment $ 736 $ 610 $ 443 $ 530 Ending balance: individually evaluated for impairment 62 - 62 - Ending balance $ 798 $ 610 $ 505 $ 530 Minimum payments: Ending balance: collectively evaluated for impairment $ 55,005 $ 69,492 $ 40,501 $ 64,201 Ending balance: individually evaluated for impairment 412 - 62 - Ending balance $ 55,417 $ 69,492 $ 40,563 $ 64,201
Balance Disaggregated Based on Internally Assigned CQR	We place receivables on non-accrual status when events occur that indicate a receivable will not be collectable (such as a customer bankruptcy). We charge off uncollectable financing receivables when we stop pursuing collection. The age of the recorded minimum lease payments and net credit exposure associated with our investment in sales-type leases that are past due disaggregated based on our internally assigned credit quality rating (“CQR”) were as follows as of 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 March 31, 2020 High CQR $ 951 $ 105 $ 922 $ 1,978 $ 1,181 $ 33,581 $ 36,740 $ (4,766 ) $ (19,823 ) $ 12,151 Average CQR 46 107 112 265 1,106 31,381 32,752 (3,646 ) (18,693 ) 10,413 Low CQR - - - - - - - - - - Total $ 997 $ 212 $ 1,034 $ 2,243 $ 2,287 $ 64,962 $ 69,492 $ (8,412 ) $ (38,516 ) $ 22,564 March 31, 2019 High CQR $ 325 $ 41 $ 10 $ 376 $ 543 $ 29,503 $ 30,422 $ (2,799 ) $ (11,044 ) $ 16,579 Average CQR 22 54 15 91 125 33,563 33,779 (2,508 ) (20,848 ) 10,423 Low CQR - - - - - - - - - - Total $ 347 $ 95 $ 25 $ 467 $ 668 $ 63,066 $ 64,201 $ (5,307 ) $ (31,892 ) $ 27,002
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 as March 31, 2020, and 2019 (in thousands) 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Unbilled Notes Receivable Total Notes Receivable Non- Recourse Notes Payable Net Credit Exposure March 31, 2020 High CQR $ 1,332 $ 2 $ 280 $ 1,614 $ 2,878 $ 29,057 $ 33,549 $ (18,341 ) $ 15,208 Average CQR 140 44 142 326 1,135 19,995 21,456 (16,636 ) 4,820 Low CQR 63 - 152 215 - 197 412 - 412 Total $ 1,535 $ 46 $ 574 $ 2,155 $ 4,013 $ 49,249 $ 55,417 $ (34,977 ) $ 20,440 March 31, 2019 High CQR $ 990 $ 40 $ 30 $ 1,060 $ 3,813 $ 28,113 $ 32,986 $ (18,245 ) $ 14,741 Average CQR 105 34 7 146 137 7,232 7,515 (1,507 ) 6,008 Low CQR - - 62 62 - - 62 - 62 Total $ 1,095 $ 74 $ 99 $ 1,268 $ 3,950 $ 35,345 $ 40,563 $ (19,752 ) $ 20,811

PROPERTY, EQUIPMENT, AND OTHE_2

PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Mar. 31, 2020
PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES [Abstract]
Property and Equipment-Net	Property and equipment—net consists of the following (in thousands): March 31, 2020 March 31, 2019 Furniture, fixtures and equipment $ 24,657 $ 23,295 Leasehold improvements 6,964 6,010 Capitalized software 3,513 3,421 Vehicles 315 302 Total assets 35,449 33,028 Accumulated depreciation and amortization (28,296 ) (25,714 ) Property and equipment - net $ 7,153 $ 7,314
Other Assets and Liabilities	Our other assets and liabilities consist of the following (in thousands): March 31, 2020 March 31, 2019 Other current assets: Deposits & funds held in escrow $ 926 $ 438 Prepaid assets 7,946 6,425 Other 384 636 Total $ 9,256 $ 7,499 Property, equipment and other assets : Property and equipment, net $ 7,153 $ 7,314 Deferred costs - non-current 10,957 8,856 Right-of-use assets 13,066 - Other 1,420 1,158 Total $ 32,596 $ 17,328 Other current liabilities : Accrued expenses $ 10,024 $ 7,813 Accrued income taxes payable 406 181 Contingent consideration - current 220 5,162 Short-term lease liability 4,815 - Other 7,521 6,129 Total $ 22,986 $ 19,285 Other liabilities : Deferred revenue $ 16,693 $ 13,789 Contingent consideration - long-term - 3,780 Long-term lease liability 8,326 - Other 2,708 108 Total $ 27,727 $ 17,677

NOTES PAYABLE AND CREDIT FACI_2

NOTES PAYABLE AND CREDIT FACILITY (Tables)	12 Months Ended
NOTES PAYABLE AND CREDIT FACILITY (Tables)	Mar. 31, 2020
NOTES PAYABLE AND CREDIT FACILITY [Abstract]
Recourse and Non-recourse Notes Payable	Recourse and non-recourse notes payable as of March 31, 2020, mature as follows (in thousands): Recourse Notes Payable Non-Recourse Notes Payable Year ending March 31, 2021 $ 37,256 $ 29,630 2022 - 3,998 2023 - 1,334 2024 - 510 2025 and thereafter - 30 $ 37,256 $ 35,502

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2020
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 earnings per common share as disclosed in our consolidated statements of operations for the fiscal years ended March 31, 2020, 2019 and 2018(in thousands, except per share data). 2020 2019 2018 Net earnings attributable to common shareholders - basic and diluted $ 69,082 $ 63,192 $ 55,122 Basic and diluted common shares outstanding: Weighted average common shares outstanding — basic 13,327 13,448 13,790 Effect of dilutive shares 88 130 177 Weighted average shares common outstanding — diluted 13,415 13,578 13,967 Earnings per common share - basic $ 5.18 $ 4.70 $ 4.00 Earnings per common share - diluted $ 5.15 $ 4.65 $ 3.95

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
SHARE-BASED COMPENSATION (Tables)	Mar. 31, 2020
SHARE-BASED COMPENSATION [Abstract]
Summary of Non-vested Restricted Shares	A summary of the non-vested restricted shares for year ended March 31, 2020 as follows: Number of Shares Weighted Average Grant- date Fair Value Nonvested April 1, 2019 224,000 $ 67.70 Granted 94,019 $ 72.93 Vested (123,250 ) $ 62.07 Forfeited (1,189 ) $ 81.84 Nonvested March 31, 2020 193,580 $ 73.74

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Mar. 31, 2020
INCOME TAXES [Abstract]
Reconciliation of Income Taxes to Statutory Federal Income Tax Rate	A reconciliation of income taxes computed at the statutory federal income tax rate of 21.0% to the provision for income taxes included in the consolidated statements of operations is as follows (in thousands, except percentages): Year Ended March 31, 2020 2019 2018 Statutory federal income tax rate 21.0 % 21.0 % 31.5 % Income tax expense computed at the U.S. statutory federal rate $ 20,182 $ 18,139 $ 26,505 Effect of federal reduction of statutory rate - - (1,654 ) State income tax expense—net of federal benefit 5,659 4,795 3,842 Non-deductible executive compensation 613 630 658 Other 423 (526 ) (582 ) Provision for income taxes $ 26,877 $ 23,038 $ 28,769 Effective income tax rate 28.0 % 26.7 % 34.3 %
Components of Provision for Income Taxes	The components of the provision for income taxes are as follows (in thousands): Year Ended March 31, 2020 2019 2018 Current: Federal $ 19,367 $ 12,709 $ 23,196 State 9,520 6,591 5,377 Foreign 200 454 240 Total current expense 29,087 19,754 28,813 Deferred: Federal (492 ) 3,826 (611 ) State (1,799 ) (249 ) 154 Foreign 81 (293 ) 413 Total deferred expense (benefit) (2,210 ) 3,284 (44 ) Provision for income taxes $ 26,877 $ 23,038 $ 28,769
Components of Deferred Tax Assets and Liabilities	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. As a result of the adoption of Codification Topic 842, we recorded a deferred tax asset related to the lease liabilities and recorded a deferred tax liability related to the right-of-use assets. March 31, 2020 2019 Deferred Tax Assets: Accrued vacation $ 1,966 $ 2,167 Deferred revenue 3,175 1,260 Reserve for credit losses 792 587 Restricted stock 1,575 1,455 Other accruals and reserves 608 1,430 Accrued bonus 2,426 - Lease Liabilities 2,550 - Other credits and carryforwards 1,385 1,065 Gross deferred tax assets 14,477 7,964 Less: valuation allowance (1,385 ) (1,065 ) Net deferred tax assets 13,092 6,899 Deferred Tax Liabilities: Property and equipment (2,102 ) (2,150 ) Operating leases (10,098 ) (9,197 ) Prepaid expenses (817 ) - Right-of-use assets (2,535 ) - Tax deductible goodwill (270 ) (467 ) Total deferred tax liabilities (15,822 ) (11,814 ) Net deferred tax liabilities $ (2,730 ) $ (4,915 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2020
FAIR VALUE MEASUREMENTS [Abstract]
Fair Value Hierarchy of Financial Instruments	The following table provides the fair value of our assets and liabilities measured at fair value as categorized within the fair value hierarchy as of and (in s): Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable (Level 3) March 31, 2020 Assets: Money market funds $ 128 $ 128 $ - $ - Liabilities: Contingent consideration $ 220 $ - $ - $ 220 March 31, 2019 Assets: Money market funds $ 50 $ 50 $ - $ - Liabilities: Contingent consideration $ 8,942 $ - $ - $ 8,942

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
BUSINESS COMBINATIONS (Tables)	Mar. 31, 2020
ABS Technology [Member]
Business Combination [Abstract]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	Our sum of consideration transferred is consisting of paid in cash at closing plus that is being paid primarily upon the collection of certain accounts receivable, of which was paid by March and less that was repaid to us in December due to a working capital adjustment. Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in s): Acquisition Date Amount Accounts receivable $ 9,208 Other assets 743 Identified intangible assets 5,720 Accounts payable and other current liabilities (6,715 ) Performance obligation (1,140 ) Total identifiable net assets 7,816 Goodwill 7,461 Total purchase consideration $ 15,277
SLAIT Consulting, LLC [Member]
Business Combination [Abstract]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	Our sum of consideration transferred is $50.0 million consisting of $50.7 million paid in cash at closing, less $1.0 million cash acquired, and plus a working capital adjustment of $0.3 million that we paid in May 2019. Acquisition Date Amount Accounts receivable $ 10,209 Other assets 1,050 Identified intangible assets 18,190 Accounts payable and other current liabilities (8,611 ) Performance obligation (5,110 ) Total identifiable net assets 15,728 Goodwill 34,301 Total purchase consideration $ 50,029
Integrated Data Storage LLC [Member]
Business Combination [Abstract]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	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
OneCloud Consulting, Inc [Member]
Business Combination [Abstract]
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

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
SEGMENT REPORTING (Tables)	Mar. 31, 2020
SEGMENT REPORTING [Abstract]
Segment Reporting Information, by Reportable Segment	Our reportable segment information was as follows (in thousands): Fiscal Year Ended March 31, 2020 March 31, 2019 March 31, 2018 Technology Financing Total Technology Financing Total Technology Financing Total Sales Product $ 1,337,022 $ 58,266 $ 1,395,288 $ 1,180,042 $ 43,153 $ 1,223,195 $ 1,243,270 $ 46,037 $ 1,289,307 Service 193,116 - 193,116 149,478 - 149,478 129,495 - 129,495 Net sales $ 1,530,138 $ 58,266 $ 1,588,404 $ 1,329,520 $ 43,153 $ 1,372,673 $ 1,372,765 $ 46,037 $ 1,418,802 Cost of Sales Product 1,069,110 7,663 1,076,773 945,037 7,427 952,464 1,013,748 9,842 1,023,590 Service 120,440 - 120,440 89,821 - 89,821 71,730 - 71,730 Total cost of sales 1,189,550 7,663 1,197,213 1,034,858 7,427 1,042,285 1,085,478 9,842 1,095,320 Gross Profit 340,588 50,603 391,191 294,662 35,726 330,388 287,287 36,195 323,482 Selling, general, and administrative 264,123 15,059 279,182 226,112 10,970 237,082 214,980 13,147 228,127 Depreciation and amortization 14,016 140 14,156 11,812 12 11,824 9,918 3 9,921 Interest and financing costs 294 2,280 2,574 - 1,948 1,948 - 1,195 1,195 Operating expenses 278,433 17,479 295,912 237,924 12,930 250,854 224,898 14,345 239,243 Operating income 62,155 33,124 95,279 56,738 22,796 79,534 62,389 21,850 84,239 Other income 680 6,696 (348 ) Earnings before tax $ 95,959 $ 86,230 $ 83,891 Net Sales Contracts with customers $ 1,514,507 $ 4,589 $ 1,519,096 $ 1,308,405 $ 3,577 $ 1,311,982 $ 1,356,225 $ 13,732 $ 1,369,957 Financing and other 15,631 53,677 69,308 21,115 39,576 60,691 16,540 32,305 48,845 Net Sales $ 1,530,138 $ 58,266 $ 1,588,404 $ 1,329,520 $ 43,153 $ 1,372,673 $ 1,372,765 $ 46,037 $ 1,418,802 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 14,516 $ 4,640 $ 19,156 $ 12,661 $ 5,978 $ 18,639 $ 10,461 $ 5,366 $ 15,827 Purchases of property, equipment and operating lease equipment $ 4,842 $ 2,167 $ 7,009 $ 6,042 $ 5,587 $ 11,629 $ 5,353 $ 2,237 $ 7,590 Selected Financial Data - Balance Sheet Total assets $ 709,854 $ 199,259 $ 909,113 $ 607,998 $ 178,200 $ 786,198 $ 537,776 $ 217,695 $ 755,471
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): Fiscal Year Ended March 31, 2020 2019 2018 Customer end market: Technology $ 324,239 $ 293,362 $ 330,241 Telecom, Media & Entertainment 289,958 175,260 194,292 Financial Services 191,679 202,074 201,712 SLED 243,092 223,330 234,141 Healthcare 233,894 193,754 189,889 All others 247,276 241,740 222,490 Net sales 1,530,138 1,329,520 1,372,765 Financing and other (15,631 ) (21,115 ) (16,540 ) Revenue from contracts with customers $ 1,514,507 $ 1,308,405 $ 1,356,225 Fiscal Year Ended March 31, 2020 2019 2018 Vendor Cisco Systems $ 607,719 $ 556,182 $ 582,419 NetApp 59,812 48,858 54,821 HP Inc. & HPE 71,802 74,348 86,675 Dell / EMC 84,939 61,284 54,294 Arista Networks 75,281 57,850 52,521 Juniper 68,339 48,943 44,623 All others 562,246 482,055 497,412 Net sales 1,530,138 1,329,520 1,372,765 Financing and other (15,631 ) (21,115 ) (16,540 ) Revenue from contracts with customers $ 1,514,507 $ 1,308,405 $ 1,356,225
Geographical Information	The geographic information for the years ended March 31, 2020, 2019 and 2018 was as follows (in thousands): Year Ended March 31, 2020 2019 2018 Net sales: US $ 1,508,329 $ 1,284,482 $ 1,349,254 Non US 80,075 88,191 69,548 Total $ 1,588,404 $ 1,372,673 $ 1,418,802 As of March 31, 2020 2019 Long-lived tangible assets: US $ 38,297 $ 32,570 Non US 1,233 1,156 Total $ 39,530 $ 33,726

QUARTERLY DATA - UNAUDITED (Tab

QUARTERLY DATA - UNAUDITED (Tables)	12 Months Ended
QUARTERLY DATA - UNAUDITED (Tables)	Mar. 31, 2020
QUARTERLY DATA -UNAUDITED [Abstract]
Condensed Quarterly Financial Information	Condensed quarterly financial information is as follows (amounts in thousands, except per share amounts): Year Ended March 31, 2020 First Quarter Second Quarter Third Quarter Fourth Quarter Annual Amount Sales Product $ 335,601 $ 363,497 $ 378,569 $ 317,621 $ 1,395,288 Service 45,771 48,068 50,422 48,855 193,116 Total net sales 381,372 411,565 428,991 366,476 1,588,404 Cost of Sales Product 260,063 278,863 293,209 244,638 1,076,773 Service 28,670 29,671 32,086 30,013 120,440 Total cost of sales 288,733 308,534 325,295 274,651 1,197,213 Gross profit 92,639 103,031 103,696 91,825 391,191 Selling, general, and administrative expenses 65,787 70,523 73,090 69,782 279,182 Depreciation and amortization 3,463 3,557 3,647 3,489 14,156 Interest and financing costs 628 576 694 676 2,574 Operating expenses 69,878 74,656 77,431 73,947 295,912 Operating income 22,761 28,375 26,265 17,878 95,279 Other income and (expense) (45 ) (40 ) 997 (232 ) 680 Earnings before provision for income taxes 22,716 28,335 27,262 17,646 95,959 Provision for income taxes 6,528 8,237 7,712 4,400 26,877 Net earnings $ 16,188 $ 20,098 $ 19,550 $ 13,246 $ 69,082 Net earnings per common share— Basic (1) $ 1.21 $ 1.51 $ 1.47 $ 0.99 $ 5.18 Net earnings per common share— Diluted (1) $ 1.20 $ 1.51 $ 1.46 $ 0.99 $ 5.15 (1) Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. Year Ended March 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Annual Amount Sales Product $ 322,817 $ 309,475 $ 310,443 $ 280,460 $ 1,223,195 Service 33,715 35,568 35,221 44,974 149,478 Total net sales 356,532 345,043 345,664 325,434 1,372,673 Cost of Sales Product 255,812 238,134 241,856 216,662 952,464 Service 20,017 21,409 20,895 27,500 89,821 Total cost of sales 275,829 259,543 262,751 244,162 1,042,285 Gross profit 80,703 85,500 82,913 81,272 330,388 Selling, general, and administrative expenses 56,966 57,705 59,728 62,683 237,082 Depreciation and amortization 2,790 2,741 2,719 3,574 11,824 Interest and financing costs 476 484 443 545 1,948 Operating expenses 60,232 60,930 62,890 66,802 250,854 Operating income 20,471 24,570 20,023 14,470 79,534 Other income and (expense) 97 322 721 5,556 6,696 Earnings before provision for income taxes 20,568 24,892 20,744 20,026 86,230 Provision for income taxes 5,295 6,889 5,880 4,974 23,038 Net earnings $ 15,273 $ 18,003 $ 14,864 $ 15,052 $ 63,192 Net earnings per common share— Basic (1) $ 1.14 $ 1.33 $ 1.10 $ 1.12 $ 4.70 Net earnings per common share— Diluted (1) $ 1.12 $ 1.33 $ 1.10 $ 1.12 $ 4.65 (1) Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Cash and Cash Equivalents, Concentrations of Risk, Financial Instruments, Financing Receivables and Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
CASH AND CASH EQUIVALENTS [Abstract]
Amounts held in trust for third party recipients	$ 0	$ 0
Minimum [Member]
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
Financing receivables and operating leases term	2 years
Financing receivables and operating leases, term range	3 years
Estimated useful life	3 years
Maximum [Member]
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
Financing receivables and operating leases term	6 years
Financing receivables and operating leases, term range	4 years
Estimated useful life	7 years
Information Technology Equipment [Member]
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
Estimated useful life	4 years
Carrying Amount [Member]
FINANCIAL INSTRUMENTS [Abstract]
Notes receivable, fair value disclosure	$ 54,800	40,400
Recourse payable, fair value disclosure	37,300
Non-recourse payable, fair value disclosure	35,500	48,600
Fair Value [Member]
FINANCIAL INSTRUMENTS [Abstract]
Notes receivable, fair value disclosure	55,400	40,500
Recourse payable, fair value disclosure	37,300
Non-recourse payable, fair value disclosure	$ 35,500	$ 48,700
Net Sales [Member] \| Technology Segment [Member]
CONCENTRATIONS OF RISK [Abstract]
Percentage of concentration risk	15.00%		12.00%
Net Sales [Member] \| Cisco Systems [Member] \| Technology Segment [Member]
CONCENTRATIONS OF RISK [Abstract]
Percentage of concentration risk	40.00%	42.00%	42.00%

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Foreign Currency Translation, Lessee Accounting, Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
FOREIGN CURRENCY TRANSLATION [Abstract]
Foreign currency translation gain (loss)	$ (0.4)	$ 0.4	$ (0.8)
Minimum [Member]
PROPERTY AND EQUIPMENT [Abstract]
Property, plant and equipment, useful life	3 years
LESSEE ACCOUNTING [Abstract]
Operating lease term of contract	3 years
Maximum [Member]
PROPERTY AND EQUIPMENT [Abstract]
Property, plant and equipment, useful life	7 years
LESSEE ACCOUNTING [Abstract]
Operating lease term of contract	6 years
Internal Use IT Equipment [Member]
PROPERTY AND EQUIPMENT [Abstract]
Property, plant and equipment, useful life	3 years
Software Licenses [Member]
PROPERTY AND EQUIPMENT [Abstract]
Property, plant and equipment, useful life	5 years
Furniture, Fixtures [Member]
PROPERTY AND EQUIPMENT [Abstract]
Property, plant and equipment, useful life	5 years
Telecommunications Equipment [Member]
PROPERTY AND EQUIPMENT [Abstract]
Property, plant and equipment, useful life	7 years

ORGANIZATION AND SUMMARY OF S_5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Software Development Costs, Vendor Consideration (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
CAPITALIZATION OF COSTS OF SOFTWARE FOR INTERNAL USE [Abstract]
Intangible assets	$ 34,464	$ 38,928
VENDOR CONSIDERATION [Abstract]
Amount due from vendors	20,800	13,100
Software Capitalized for Internal [Member]
CAPITALIZATION OF COSTS OF SOFTWARE FOR INTERNAL USE [Abstract]
Intangible assets	200	2,500	$ 2,100
Other assets	$ 4,500	$ 5,400

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Abstract]
Right-of-use assets	$ 13,066	$ 0
Lease liabilities	13,141
Prepaid assets	7,946	$ 6,425
ASU 2016-02 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Abstract]
Right-of-use assets	12,700
Lease liabilities	12,300
Prepaid assets	$ 400

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	12 Months Ended
REVENUES (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Contract with Customer, Asset and Liability [Abstract]
Accounts receivable - trade	$ 33,100	$ 16,200	$ 28,100
Current (included in deferred revenue)	54,486	46,356	34,643
Non-current (included in other liabilities)	16,395	13,593	$ 12,699
Revenue recognized from the beginning contract liability	53,500	$ 32,000
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	44,590
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 28,701
Expected timing of satisfaction, period	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	$ 10,815
Expected timing of satisfaction, period	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	$ 3,892
Expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 628
Expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 554
Expected timing of satisfaction, period	1 year

FINANCING RECEIVABLES AND OPE_3

FINANCING RECEIVABLES AND OPERATING LEASES (Details) - USD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2020		Mar. 31, 2019		Mar. 31, 2018	Mar. 31, 2017
Profit Recognized for Sales-type Leases [Abstract]
Net sales		$ 15,631
Cost of sales		13,039
Gross Profit		2,592
Interest Income on Sales-type Leases [Abstract]
Interest Income on sales-type leases		6,623
Lease income on operating leases		18,534
Financing Receivables [Abstract]
Reserve for credit losses		(3,189)		$ (2,614)		$ (2,664)	$ (5,392)
Reported as [Abstract]
Current		70,169		63,767
Estimated unguaranteed residual values for direct financing lease		14,972		8,996
Accumulated amortization of initial direct cost		295		275
Future scheduled minimum lease payments [Abstract]
Year ending March 31, 2021		39,414
2022		16,471
2023		9,396
2024		2,597
2025 and thereafter		1,614
Total		69,492
Investment in operating lease equipment - net [Abstract]
Cost of equipment under operating leases		21,276		21,532
Accumulated depreciation		(11,159)		(10,139)
Investment in operating lease equipment - net	[1]	10,117		11,393
Unguaranteed residual value of operating lease equipment net		3,100		2,900
Future scheduled minimum lease rental payments [Abstract]
Year ending March 31, 2021		4,844
2022		2,982
2023		1,653
2024		465
2025 and thereafter		22
Total		9,966
Collateral for non-recourse notes payable - Financing receivables		34,600		50,200
Collateral for non-recourse notes payable - Operating leases		6,700		7,800
Gain on sale of financing receivables		21,800		9,100		6,800
Proceeds from sale of financing receivables		593,700		276,100		267,300
Deferred revenue for servicing obligation		400		400
Notes Receivables [Member]
Financing Receivables [Abstract]
Minimum payments		55,417		40,563
Estimated unguaranteed residual value		0	[2]	0	[3]
Initial direct costs, net of amortization		212	[4]	377	[5]
Unearned income		0		0
Reserve for credit losses		(798)	[6]	(505)	[6]	(486)	(3,434)
Total, net		54,831		40,435
Reported as [Abstract]
Current		31,181		30,852
Long-term		23,650		9,583
Total, net		54,831		40,435
Lease-Related Receivables [Member]
Financing Receivables [Abstract]
Minimum payments		69,492		64,201
Estimated unguaranteed residual value		21,862	[2]	14,639	[3]
Initial direct costs, net of amortization		247	[4]	332	[5]
Unearned income		(11,612)		(7,671)
Reserve for credit losses		(610)	[6]	(530)	[6]	$ (640)	$ (679)
Total, net		79,379		70,971
Reported as [Abstract]
Current		38,988		32,914
Long-term		40,391		38,057
Total, net		79,379		70,971
Total Financing Receivables [Member]
Financing Receivables [Abstract]
Minimum payments		124,909		104,764
Estimated unguaranteed residual value		21,862	[2]	14,639	[3]
Initial direct costs, net of amortization		459	[4]	709	[5]
Unearned income		(11,612)		(7,671)
Reserve for credit losses	[6]	(1,408)		(1,035)
Total, net		134,210		111,406
Reported as [Abstract]
Current		70,169		63,766
Long-term		64,041		47,640
Total, net		$ 134,210		$ 111,406

[1]	Amounts include estimated unguaranteed residual values of $3.1 million and $2.9 million as of March 31, 2020, and 2019, respectively.
[2]	Includes estimated unguaranteed residual values of $14,972 thousand for sales-type leases, which have been sold and accounted for as sales.
[3]	Includes $8,996 thousand for estimated residual values of sales-type leases and direct financing leases for which we sold the financing assets.
[4]	Initial direct costs are shown net of amortization of $295 thousand.
[5]	Initial direct costs are shown net of amortization of $275 thousand.
[6]	For details on reserve for credit losses, refer to Note 7, “Reserves for Credit Losses.”

LESSEE ACCOUNTING (Details)

LESSEE ACCOUNTING (Details) - USD ($) $ in Thousands	12 Months Ended
LESSEE ACCOUNTING (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Lessee, Operating Lease [Abstract]
Rent expense	$ 5,600	$ 5,200	$ 6,700
Lease Term and Discount Rate [Abstract]
Weighted average remaining lease term (months)	38 months
Weighted average discount rate	3.90%
Future Lease Payments under Operating Leases [Abstract]
Year ending March 31, 2021	$ 4,904
2022	4,038
2023	3,054
2024	1,206
Thereafter	762
Total lease payments	13,964
Less: Interest	(823)
Present value of lease liabilities	$ 13,141
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent
Future Minimum Lease Payments [Abstract]
Year ending March 31, 2020		$ 4,530
2021		4,026
2022		2,727
2023		2,025
2024 and thereafter		293
Operating lease obligations		$ 13,601
Maximum [Member]
Lessee, Operating Lease [Abstract]
Operating lease term	6 years

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, Goodwill (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2020USD ($)Unit	Mar. 31, 2019USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 119,480	$ 85,297
Goodwill, Impairment Loss, Beginning Balance	(8,673)	(8,673)
Goodwill, Net Carrying Amount, Beginning Balance	110,807	76,624
Acquisitions	7,410	34,352
Foreign currency translations	(120)	(169)
Goodwill, Ending Balance	126,770	119,480
Goodwill, Impairment Loss, Ending Balance	(8,673)	(8,673)
Goodwill, Net Carrying Amount, Ending Balance	$ 118,097	$ 110,807
Number of reporting units \| Unit	1
Percentage change in the fair value	10.00%

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Other Intangible Assets [Abstract]
Intangibles Assets, Gross Carrying Amount	$ 73,391	$ 67,595
Intangibles Assets, Accumulated amortization	(38,927)	(28,667)
Intangible Assets, Net Carrying Amount	34,464	38,928
Total amortization expense	9,400	7,900	$ 6,400
Future amortization expense for years ended March 31 [Abstract]
2021	8,200
2022	6,600
2023	5,100
2024	3,800
2025	2,700
Customer Relationships & Other Intangibles [Member]
Other Intangible Assets [Abstract]
Intangibles Assets, Gross Carrying Amount	63,006	57,407
Intangibles Assets, Accumulated amortization	(33,000)	(23,865)
Intangible Assets, Net Carrying Amount	$ 30,006	33,542
Customer Relationships & Other Intangibles [Member] \| Minimum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	5 years
Customer Relationships & Other Intangibles [Member] \| Maximum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	10 years
Capitalized Software Development [Member]
Other Intangible Assets [Abstract]
Intangibles Assets, Gross Carrying Amount	$ 10,385	10,188
Intangibles Assets, Accumulated amortization	(5,927)	(4,802)
Intangible Assets, Net Carrying Amount	$ 4,458	$ 5,386
Estimated useful life	5 years

RESERVES FOR CREDIT LOSSES, Act

RESERVES FOR CREDIT LOSSES, Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020		Mar. 31, 2019		Mar. 31, 2018
Activity in reserves for credit losses [Roll Forward]
Balance	$ 2,614		$ 2,664		$ 5,392
Provision for credit losses	1,004		335		462
Write-offs and other	(429)		(385)		(3,190)
Balance	3,189		2,614		2,664
Accounts Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	1,579		1,538		1,279
Provision for credit losses	627		195		264
Write-offs and other	(425)		(154)		(5)
Balance	1,781		1,579		1,538
Notes Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	505	[1]	486		3,434
Provision for credit losses	293		250		73
Write-offs and other	0		(231)		(3,021)
Balance	798	[1]	505	[1]	486
Lease-Related Receivables [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	530	[1]	640		679
Provision for credit losses	84		(110)		125
Write-offs and other	(4)		0		(164)
Balance	$ 610	[1]	$ 530	[1]	$ 640

[1]	For details on reserve for credit losses, refer to Note 7, “Reserves for Credit Losses.”

RESERVES FOR CREDIT LOSSES, Dis

RESERVES FOR CREDIT LOSSES, Disaggregated Based on Impairment (Details) - USD ($) $ in Thousands	Mar. 31, 2020		Mar. 31, 2019		Mar. 31, 2018	Mar. 31, 2017
Reserve for credit losses [Abstract]
Ending balance	$ 3,189		$ 2,614		$ 2,664	$ 5,392
Minimum payments [Abstract]
Ending balance: individually evaluated for impairment	100		100
Notes Receivable [Member]
Reserve for credit losses [Abstract]
Ending balance: collectively evaluated for impairment	736		443
Ending balance: individually evaluated for impairment	62		62
Ending balance	798	[1]	505	[1]	486	3,434
Minimum payments [Abstract]
Ending balance: collectively evaluated for impairment	55,005		40,501
Ending balance: individually evaluated for impairment	412		62
Ending balance	55,417		40,563
Lease-Related Receivables [Member]
Reserve for credit losses [Abstract]
Ending balance: collectively evaluated for impairment	610		530
Ending balance: individually evaluated for impairment	0		0
Ending balance	610	[1]	530	[1]	$ 640	$ 679
Minimum payments [Abstract]
Ending balance: collectively evaluated for impairment	69,492		64,201
Ending balance: individually evaluated for impairment	0		0
Ending balance	$ 69,492		$ 64,201

[1]	For details on reserve for credit losses, refer to Note 7, “Reserves for Credit Losses.”

RESERVES FOR CREDIT LOSSES, CQR

RESERVES FOR CREDIT LOSSES, CQR (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
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	$ 2,243	$ 467
Current	2,287	668
Unbilled minimum lease payments	64,962	63,066
Total minimum lease payments	69,492	64,201
Unearned income	(8,412)	(5,307)
Non-recourse notes payable	(38,516)	(31,892)
Net credit exposure	22,564	27,002
Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	2,155	1,268
Current	4,013	3,950
Unbilled minimum lease payments	49,249	35,345
Total minimum lease payments	55,417	40,563
Non-recourse notes payable	(34,977)	(19,752)
Net credit exposure	$ 20,440	20,811
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	$ 1,978	376
Current	1,181	543
Unbilled minimum lease payments	33,581	29,503
Total minimum lease payments	36,740	30,422
Unearned income	(4,766)	(2,799)
Non-recourse notes payable	(19,823)	(11,044)
Net credit exposure	12,151	16,579
High CQR [Member] \| Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	1,614	1,060
Current	2,878	3,813
Unbilled minimum lease payments	29,057	28,113
Total minimum lease payments	33,549	32,986
Non-recourse notes payable	(18,341)	(18,245)
Net credit exposure	$ 15,208	14,741
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	$ 265	91
Current	1,106	125
Unbilled minimum lease payments	31,381	33,563
Total minimum lease payments	32,752	33,779
Unearned income	(3,646)	(2,508)
Non-recourse notes payable	(18,693)	(20,848)
Net credit exposure	10,413	10,423
Average CQR [Member] \| Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total past due	326	146
Current	1,135	137
Unbilled minimum lease payments	19,995	7,232
Total minimum lease payments	21,456	7,515
Non-recourse notes payable	(16,636)	(1,507)
Net credit exposure	$ 4,820	6,008
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	215	62
Current	0	0
Unbilled minimum lease payments	197	0
Total minimum lease payments	412	62
Non-recourse notes payable	0	0
Net credit exposure	412	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	997	347
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	1,535	1,095
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	951	325
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	1,332	990
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	46	22
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	140	105
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	63	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	212	95
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	46	74
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	105	41
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	2	40
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	107	54
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	44	34
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	1,034	25
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	574	99
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	922	10
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	280	30
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	112	15
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	142	7
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	$ 152	$ 62

PROPERTY, EQUIPMENT, AND OTHE_3

PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Property and equipment - net [Abstract]
Total assets		$ 35,449	$ 33,028
Accumulated depreciation and amortization		(28,296)	(25,714)
Property and equipment - net		7,153	7,314
Depreciation expense on property and equipment		4,800	4,700	$ 4,100
Other current assets [Abstract]
Deposits & funds held in escrow		926	438
Prepaid assets		7,946	6,425
Other		384	636
Total		9,256	7,499
Property, equipment and other assets [Abstract]
Property and equipment, net		7,153	7,314
Deferred costs - non-current		10,957	8,856
Right-of-use assets		13,066	0
Other		1,420	1,158
Total		$ 32,596	$ 17,328
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Other current liabilities [Abstract]
Accrued expenses		$ 10,024	$ 7,813
Accrued income taxes payable		406	181
Contingent consideration - current		220	5,162
Short-term lease liability		4,815	0
Other		7,521	6,129
Total		$ 22,986	$ 19,285
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]		us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent
Other liabilities [Abstract]
Deferred revenue		$ 16,693	$ 13,789
Contingent consideration - long-term		0	3,780
Long-term lease liability		8,326	0
Other		2,708	108
Total		$ 27,727	$ 17,677
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]		us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent
Contingent Consideration Arrangements [Abstract]
Payments of contingent consideration	$ 9,600	$ 10,100	$ 6,100
Furniture, Fixtures and Equipment [Member]
Property and equipment - net [Abstract]
Total assets		24,657	23,295
Leasehold Improvements [Member]
Property and equipment - net [Abstract]
Total assets		6,964	6,010
Capitalized Software [Member]
Property and equipment - net [Abstract]
Total assets		3,513	3,421
Vehicles [Member]
Property and equipment - net [Abstract]
Total assets		$ 315	$ 302

NOTES PAYABLE AND CREDIT FACI_3

NOTES PAYABLE AND CREDIT FACILITY (Details) $ in Thousands	May 18, 2020USD ($)	Mar. 31, 2020USD ($)Component	Mar. 31, 2019USD ($)
Recourse Notes Payable [Abstract]
Recourse notes payable-current		$ 37,256	$ 28
Recourse Notes Payable [Member]
Recourse Notes Payable [Abstract]
Recourse notes payable-current		$ 2,300	$ 28
Non-recourse Notes Payable [Abstract]
Weighted average interest rate of notes		2.55%	4.00%
Debt Maturity [Abstract]
Year ending March 31, 2021		$ 37,256
2022		0
2023		0
2024		0
2025 and thereafter		0
Total		37,256
Non-Recourse Notes Payable [Member]
Non-recourse Notes Payable [Abstract]
Non-recourse notes payable		$ 35,500	$ 48,600
Weighted average interest rate of notes		3.84%	4.68%
Debt Maturity [Abstract]
Year ending March 31, 2021		$ 29,630
2022		3,998
2023		1,334
2024		510
2025 and thereafter		30
Total		$ 35,502
WFCDF [Member]
Non-recourse Notes Payable [Abstract]
Number of components under credit facility \| Component		2
Maximum borrowing capacity under credit facility		$ 250,000
Restricted net assets		$ 0
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] \| Subsequent Event [Member]
Non-recourse Notes Payable [Abstract]
Maximum borrowing capacity under credit facility	$ 275,000
WFCDF [Member] \| Minimum [Member] \| Subsequent Event [Member]
Non-recourse Notes Payable [Abstract]
Period of notice required to terminate credit facility at year end	30 days
WFCDF [Member] \| Maximum [Member] \| Subsequent Event [Member]
Non-recourse Notes Payable [Abstract]
Period of notice required to terminate credit facility at year end	150 days
WFCDF [Member] \| Affiliates [Member]
Non-recourse Notes Payable [Abstract]
Maximum borrowing capacity under credit facility		30,000
WFCDF [Member] \| Affiliates [Member] \| Minimum [Member]
Non-recourse Notes Payable [Abstract]
Line of credit current borrowing facility		20,000
WFCDF [Member] \| Floor Plan Component [Member]
Non-recourse Notes Payable [Abstract]
Amount outstanding under credit facility		127,400	$ 116,100
WFCDF [Member] \| Account Receivable Component [Member]
Non-recourse Notes Payable [Abstract]
Amount outstanding under credit facility		35,000	0
Maximum borrowing capacity under credit facility		$ 50,000
WFCDF [Member] \| Account Receivable Component [Member] \| Subsequent Event [Member]
Non-recourse Notes Payable [Abstract]
Maximum borrowing capacity under credit facility	$ 100,000
WFCDF [Member] \| Account Receivable Component [Member] \| LIBOR [Member]
Non-recourse Notes Payable [Abstract]
Debt instrument term of variable rate		1 month
Basis spread on reference rate		2.50%
WFCDF [Member] \| Account Receivable Component [Member] \| LIBOR [Member] \| Subsequent Event [Member]
Non-recourse Notes Payable [Abstract]
Basis spread on reference rate	2.00%
WFCDF [Member] \| Recourse Notes Payable [Member]
Non-recourse Notes Payable [Abstract]
Weighted average interest rate of notes		3.49%
Amount outstanding under credit facility		$ 35,000	$ 0
Amendment to WFCDF [Member]
Non-recourse Notes Payable [Abstract]
Maximum borrowing capacity under credit facility		300,000
Amendment to WFCDF [Member] \| Account Receivable Component [Member]
Non-recourse Notes Payable [Abstract]
Maximum borrowing capacity under credit facility		75,000
Election under WFCDF [Member]
Non-recourse Notes Payable [Abstract]
Maximum borrowing capacity under credit facility		$ 350,000
Election under WFCDF [Member] \| Subsequent Event [Member]
Non-recourse Notes Payable [Abstract]
Maximum borrowing capacity under credit facility	$ 350,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended																12 Months Ended
	Mar. 31, 2020		Dec. 31, 2019		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2020		Mar. 31, 2019		Mar. 31, 2018
Earnings Per Share, Basic and Diluted [Abstract]
Net earnings attributable to common shareholders - basic and diluted	$ 13,246		$ 19,550		$ 20,098		$ 16,188		$ 15,052		$ 14,864		$ 18,003		$ 15,273		$ 69,082		$ 63,192		$ 55,122
Basic and diluted common shares outstanding [Abstract]
Weighted average common shares outstanding - basic (in shares)																	13,327		13,448		13,790
Effect of dilutive shares (in shares)																	88		130		177
Weighted average shares common outstanding - diluted (in shares)																	13,415		13,578		13,967
Earnings per common share - basic (in dollars per share)	$ 0.99	[1]	$ 1.47	[1]	$ 1.51	[1]	$ 1.21	[1]	$ 1.12	[1]	$ 1.10	[1]	$ 1.33	[1]	$ 1.14	[1]	$ 5.18	[1]	$ 4.70	[1]	$ 4
Earnings per common share - diluted (in dollars per share)	$ 0.99	[1]	$ 1.46	[1]	$ 1.51	[1]	$ 1.20	[1]	$ 1.12	[1]	$ 1.10	[1]	$ 1.33	[1]	$ 1.12	[1]	$ 5.15	[1]	$ 4.65	[1]	$ 3.95

[1]	Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	May 24, 2019	Apr. 26, 2018
STOCKHOLDERS' EQUITY [Abstract]
Authorized number of shares under stock repurchase program (in shares)			500,000	500,000
Common stock repurchased during the period (in shares)	161,976	185,026
Average cost of share repurchased (in dollars per share)	$ 70.39	$ 76.34
Common stock repurchased during the period	$ 11.4	$ 14.1
Shares repurchased to satisfy tax withholding obligation (in shares)	41,817	40,092
Value of shares repurchased to satisfy tax withholding obligation	$ 3	$ 3.9

SHARE-BASED COMPENSATION, Direc

SHARE-BASED COMPENSATION, Director and Employee LTIP (Details)	12 Months Ended
	Mar. 31, 2020shares
2008 Director LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	500,000
2008 Director LTIP [Member] \| Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vesting period	1 year
Shares vesting percentage	50.00%
2008 Director LTIP [Member] \| Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vesting period	2 years
Shares vesting percentage	50.00%
2012 Employee LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,500,000
2017 Director LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	150,000
2017 Director LTIP [Member] \| Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vesting period	1 year
Shares vesting percentage	50.00%
2017 Director LTIP [Member] \| Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vesting period	2 years
Shares vesting percentage	50.00%

SHARE-BASED COMPENSATION, Stock

SHARE-BASED COMPENSATION, Stock Option and Restricted Stock Activity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended			31 Months Ended	91 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2020	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	0	0	0
Options outstanding (in shares)	0	0	0	0	0
Additional Disclosures [Abstract]
Vested share-based awards withheld to satisfy income tax obligations (in shares)	41,817	40,092
Vested share-based awards withheld to satisfy income tax obligations	$ 3	$ 3.9
Restricted Stock [Member]
Number of Shares [Roll Forward]
Nonvested at beginning of period (in shares)	224,000
Granted (in shares)	94,019
Vested (in shares)	(123,250)
Forfeited (in shares)	(1,189)
Nonvested at end of period (in shares)	193,580	224,000		193,580	193,580
Weighted Average Grant-date Fair Value [Roll Forward]
Nonvested at beginning of period (in dollars per share)	$ 67.70
Granted (in dollars per share)	72.93	$ 94.22	$ 80.24
Vested (in dollars per share)	62.07
Forfeited (in dollars per share)	81.84
Nonvested at end of period (in dollars per share)	$ 73.74	$ 67.70		$ 73.74	$ 73.74
Aggregated fair value of restricted shares	$ 7.6	$ 6.6	$ 6
Additional Disclosures [Abstract]
Vested share-based awards withheld to satisfy income tax obligations (in shares)	41,817	40,092
Vested share-based awards withheld to satisfy income tax obligations	$ 3	$ 3.9
2017 Director LTIP [Member] \| Restricted Stock [Member]
Number of Shares [Roll Forward]
Granted (in shares)	8,887			23,243
2012 Employee LTIP [Member] \| Restricted Stock [Member]
Number of Shares [Roll Forward]
Granted (in shares)	85,132				904,555

SHARE-BASED COMPENSATION, Compe

SHARE-BASED COMPENSATION, Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Compensation Expense [Abstract]
Total share-based compensation expense	$ 7,954	$ 7,243	$ 6,464
Recognized tax benefit	2,200	2,000	1,900
401 (k) Profit Sharing Plan [Abstract]
Contribution to profit sharing plan	2,800	$ 2,400	$ 2,100
Restricted Stock [Member]
Compensation Expense [Abstract]
Unrecognized compensation expense	$ 8,100
Unrecognized compensation expense, period for recognition	27 months

INCOME TAXES, Reconciliation of

INCOME TAXES, Reconciliation of Income taxes Computed at the Statutory Federal Income Tax Rate to Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
INCOME TAXES [Abstract]
Additions or reductions to gross unrecognized tax benefits									$ 0
Reconciliation of income taxes to the statutory rate [Abstract]
Statutory federal income tax rate									21.00%	21.00%	31.50%
Income tax expense computed at the U.S. statutory federal rate									$ 20,182	$ 18,139	$ 26,505
Effect of federal reduction of statutory rate									0	0	(1,654)
State income tax expense - net of federal benefit									5,659	4,795	3,842
Non-deductible executive compensation									613	630	658
Other									423	(526)	(582)
Provision for income taxes	$ 4,400	$ 7,712	$ 8,237	$ 6,528	$ 4,974	$ 5,880	$ 6,889	$ 5,295	$ 26,877	$ 23,038	$ 28,769
Effective income tax rate									28.00%	26.70%	34.30%

INCOME TAXES, Components of the

INCOME TAXES, Components of the Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Current [Abstract]
Federal									$ 19,367	$ 12,709	$ 23,196
State									9,520	6,591	5,377
Foreign									200	454	240
Total current expense									29,087	19,754	28,813
Deferred [Abstract]
Federal									(492)	3,826	(611)
State									(1,799)	(249)	154
Foreign									81	(293)	413
Total deferred expense (benefit)									(2,210)	3,284	(44)
Provision for income taxes	$ 4,400	$ 7,712	$ 8,237	$ 6,528	$ 4,974	$ 5,880	$ 6,889	$ 5,295	$ 26,877	$ 23,038	$ 28,769

INCOME TAXES, Deferred Tax Asse

INCOME TAXES, Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Deferred Tax Assets [Abstract]
Accrued vacation	$ 1,966	$ 2,167
Deferred revenue	3,175	1,260
Reserve for credit losses	792	587
Restricted stock	1,575	1,455
Other accruals and reserves	608	1,430
Accrued Bonus	2,426	0
Lease Liabilities	2,550	0
Other credits and carryforwards	1,385	1,065
Gross deferred tax assets	14,477	7,964
Less: valuation allowance	(1,385)	(1,065)
Net deferred tax assets	13,092	6,899
Deferred Tax Liabilities [Abstract]
Property and equipment	(2,102)	(2,150)
Operating leases	(10,098)	(9,197)
Prepaid expenses	(817)	0
Right-of-use assets	(2,535)	0
Tax deductible goodwill	(270)	(467)
Total deferred tax liabilities	(15,822)	(11,814)
Net deferred tax liabilities	$ (2,730)	$ (4,915)

INCOME TAXES, Effective Tax Rat

INCOME TAXES, Effective Tax Rate, Capital and Operating Loss Carryforwards (Details) - State [Member] $ in Millions	12 Months Ended
	Mar. 31, 2020USD ($)
Capital and Operating Loss Carryforwards [Abstract]
Capital loss carryforwards	$ 1.3
Capital loss carryforwards expiration term	5 years

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Assets [Abstract]
Money market funds		$ 128	$ 50
Liabilities [Abstract]
Contingent consideration		220	8,942
Initial contingent consideration due to business acquisitions				$ 12,000
Adjustment to reflect increases in fair value of our existing contingent consideration liabilities		1,400	1,600	$ 1,500
Payments of contingent consideration liabilities	$ 9,600	10,100	6,100
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Money market funds		128	50
Liabilities [Abstract]
Contingent consideration		0	0
Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Money market funds		0	0
Liabilities [Abstract]
Contingent consideration		0	0
Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Money market funds		0	0
Liabilities [Abstract]
Contingent consideration		$ 220	$ 8,942

BUSINESS COMBINATIONS, ABS Tech

BUSINESS COMBINATIONS, ABS Technology (Details) - USD ($) $ in Thousands	Aug. 23, 2019	Dec. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Business Combination [Abstract]
Contingent consideration payable					$ 12,000
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill			$ 118,097	$ 110,807	$ 76,624
ABS Technology [Member]
Business Combination [Abstract]
Cash portion of the acquisition	$ 13,800
Contingent consideration payable	1,700
Payment for accounts receivable			$ 1,500
Repayment from acquiree		$ 200
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Accounts receivable	9,208
Other assets	743
Identified intangible assets	5,720
Accounts payable and other current liabilities	(6,715)
Performance obligation	(1,140)
Total identifiable net assets	7,816
Goodwill	7,461
Total purchase consideration	$ 15,277
ABS Technology [Member] \| Customer Relationships [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Estimated useful lives			7 years

BUSINESS COMBINATIONS, SLAIT Co

BUSINESS COMBINATIONS, SLAIT Consulting, LLC (Details) - USD ($) $ in Thousands	Jan. 18, 2019	Mar. 31, 2020	May 31, 2019	Mar. 31, 2019	Mar. 31, 2018
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill		$ 118,097		$ 110,807	$ 76,624
SLAIT Consulting, LLC [Member]
Business Combination [Abstract]
Percentage of stock acquired	100.00%
Cash portion of the acquisition	$ 50,700
Cash acquired from acquisition	1,000
Working capital adjustment		8	$ 300
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Accounts receivable	10,209
Other assets	1,050
Identified intangible assets	18,190	59
Accounts payable and other current liabilities	(8,611)
Performance obligation	(5,110)
Total identifiable net assets	15,728
Goodwill	34,301	$ (51)
Total purchase consideration	$ 50,029
SLAIT Consulting, LLC [Member] \| Customer Relationships [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Estimated useful lives		10 years

BUSINESS COMBINATIONS, Integrat

BUSINESS COMBINATIONS, Integrated Data Storage, LLC Acquisition (Details) - USD ($) $ in Thousands	Sep. 15, 2017	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Business Combination [Abstract]
Fair value of contingent consideration		$ 0	$ 3,780
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill		$ 118,097	$ 110,807	$ 76,624
Integrated Data Storage LLC [Member]
Business Combination [Abstract]
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
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
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

BUSINESS COMBINATIONS, OneCloud

BUSINESS COMBINATIONS, OneCloud Consulting Inc. Acquisition (Details) - USD ($) $ in Thousands	May 17, 2017	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Business Combination [Abstract]
Fair value of contingent consideration		$ 0	$ 3,780
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill		$ 118,097	$ 110,807	$ 76,624
OneCloud Consulting, Inc [Member]
Business Combination [Abstract]
Percentage of stock acquired	100.00%
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
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
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

SEGMENT REPORTING, Reportable S

SEGMENT REPORTING, Reportable Segment Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2020USD ($)Segment	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)
SEGMENT REPORTING [Abstract]
Number of business segment \| Segment									2
Reportable Segment Information [Abstract]
Net sales	$ 366,476	$ 428,991	$ 411,565	$ 381,372	$ 325,434	$ 345,664	$ 345,043	$ 356,532	$ 1,588,404	$ 1,372,673	$ 1,418,802
Cost of Sales [Abstract]
Total cost of sales	274,651	325,295	308,534	288,733	244,162	262,751	259,543	275,829	1,197,213	1,042,285	1,095,320
Gross profit	91,825	103,696	103,031	92,639	81,272	82,913	85,500	80,703	391,191	330,388	323,482
Selling, general, and administrative expenses	69,782	73,090	70,523	65,787	62,683	59,728	57,705	56,966	279,182	237,082	228,127
Depreciation and amortization	3,489	3,647	3,557	3,463	3,574	2,719	2,741	2,790	14,156	11,824	9,921
Interest and financing costs	676	694	576	628	545	443	484	476	2,574	1,948	1,195
Operating expenses	73,947	77,431	74,656	69,878	66,802	62,890	60,930	60,232	295,912	250,854	239,243
Operating income	17,878	26,265	28,375	22,761	14,470	20,023	24,570	20,471	95,279	79,534	84,239
Other income	(232)	997	(40)	(45)	5,556	721	322	97	680	6,696	(348)
Earnings before tax	17,646	27,262	28,335	22,716	20,026	20,744	24,892	20,568	95,959	86,230	83,891
Net Sales [Abstract]
Contracts with customers									1,519,096	1,311,982	1,369,957
Financing and other									69,308	60,691	48,845
Net sales	366,476	428,991	411,565	381,372	325,434	345,664	345,043	356,532	1,588,404	1,372,673	1,418,802
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization									19,156	18,639	15,827
Purchases of property, equipment and operating lease equipment									7,009	11,629	7,590
Selected Financial Data - Balance Sheet [Abstract]
Total assets	909,113				786,198				909,113	786,198	755,471
Product [Member]
Reportable Segment Information [Abstract]
Net sales	317,621	378,569	363,497	335,601	280,460	310,443	309,475	322,817	1,395,288	1,223,195	1,289,307
Cost of Sales [Abstract]
Total cost of sales	244,638	293,209	278,863	260,063	216,662	241,856	238,134	255,812	1,076,773	952,464	1,023,590
Net Sales [Abstract]
Net sales	317,621	378,569	363,497	335,601	280,460	310,443	309,475	322,817	1,395,288	1,223,195	1,289,307
Service [Member]
Reportable Segment Information [Abstract]
Net sales	48,855	50,422	48,068	45,771	44,974	35,221	35,568	33,715	193,116	149,478	129,495
Cost of Sales [Abstract]
Total cost of sales	30,013	32,086	29,671	28,670	27,500	20,895	21,409	20,017	120,440	89,821	71,730
Net Sales [Abstract]
Net sales	48,855	$ 50,422	$ 48,068	$ 45,771	44,974	$ 35,221	$ 35,568	$ 33,715	193,116	149,478	129,495
Technology Segment [Member]
Reportable Segment Information [Abstract]
Net sales									1,530,138	1,329,520	1,372,765
Net Sales [Abstract]
Contracts with customers									1,514,507	1,308,405	1,356,225
Financing and other									15,631	21,115	16,540
Net sales									1,530,138	1,329,520	1,372,765
Operating Segments [Member] \| Technology Segment [Member]
Reportable Segment Information [Abstract]
Net sales									1,530,138	1,329,520	1,372,765
Cost of Sales [Abstract]
Total cost of sales									1,189,550	1,034,858	1,085,478
Gross profit									340,588	294,662	287,287
Selling, general, and administrative expenses									264,123	226,112	214,980
Depreciation and amortization									14,016	11,812	9,918
Interest and financing costs									294	0	0
Operating expenses									278,433	237,924	224,898
Operating income									62,155	56,738	62,389
Net Sales [Abstract]
Contracts with customers									1,514,507	1,308,405	1,356,225
Financing and other									15,631	21,115	16,540
Net sales									1,530,138	1,329,520	1,372,765
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization									14,516	12,661	10,461
Purchases of property, equipment and operating lease equipment									4,842	6,042	5,353
Selected Financial Data - Balance Sheet [Abstract]
Total assets	709,854				607,998				709,854	607,998	537,776
Operating Segments [Member] \| Technology Segment [Member] \| Product [Member]
Reportable Segment Information [Abstract]
Net sales									1,337,022	1,180,042	1,243,270
Cost of Sales [Abstract]
Total cost of sales									1,069,110	945,037	1,013,748
Net Sales [Abstract]
Net sales									1,337,022	1,180,042	1,243,270
Operating Segments [Member] \| Technology Segment [Member] \| Service [Member]
Reportable Segment Information [Abstract]
Net sales									193,116	149,478	129,495
Cost of Sales [Abstract]
Total cost of sales									120,440	89,821	71,730
Net Sales [Abstract]
Net sales									193,116	149,478	129,495
Operating Segments [Member] \| Financing Segment [Member]
Reportable Segment Information [Abstract]
Net sales									58,266	43,153	46,037
Cost of Sales [Abstract]
Total cost of sales									7,663	7,427	9,842
Gross profit									50,603	35,726	36,195
Selling, general, and administrative expenses									15,059	10,970	13,147
Depreciation and amortization									140	12	3
Interest and financing costs									2,280	1,948	1,195
Operating expenses									17,479	12,930	14,345
Operating income									33,124	22,796	21,850
Net Sales [Abstract]
Contracts with customers									4,589	3,577	13,732
Financing and other									53,677	39,576	32,305
Net sales									58,266	43,153	46,037
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization									4,640	5,978	5,366
Purchases of property, equipment and operating lease equipment									2,167	5,587	2,237
Selected Financial Data - Balance Sheet [Abstract]
Total assets	$ 199,259				$ 178,200				199,259	178,200	217,695
Operating Segments [Member] \| Financing Segment [Member] \| Product [Member]
Reportable Segment Information [Abstract]
Net sales									58,266	43,153	46,037
Cost of Sales [Abstract]
Total cost of sales									7,663	7,427	9,842
Net Sales [Abstract]
Net sales									58,266	43,153	46,037
Operating Segments [Member] \| Financing Segment [Member] \| Service [Member]
Reportable Segment Information [Abstract]
Net sales									0	0	0
Cost of Sales [Abstract]
Total cost of sales									0	0	0
Net Sales [Abstract]
Net sales									$ 0	$ 0	$ 0

SEGMENT REPORTING, Technology S

SEGMENT REPORTING, Technology Segment Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Abstract]
Net sales	$ 366,476	$ 428,991	$ 411,565	$ 381,372	$ 325,434	$ 345,664	$ 345,043	$ 356,532	$ 1,588,404	$ 1,372,673	$ 1,418,802
Financing and other									(69,308)	(60,691)	(48,845)
Revenue from contracts with customers									1,519,096	1,311,982	1,369,957
Technology Segment [Member]
Disaggregation of Revenue [Abstract]
Net sales									1,530,138	1,329,520	1,372,765
Financing and other									(15,631)	(21,115)	(16,540)
Revenue from contracts with customers									1,514,507	1,308,405	1,356,225
Technology Segment [Member] \| Technology [Member]
Disaggregation of Revenue [Abstract]
Net sales									324,239	293,362	330,241
Technology Segment [Member] \| Telecom, Media & Entertainment [Member]
Disaggregation of Revenue [Abstract]
Net sales									289,958	175,260	194,292
Technology Segment [Member] \| Financial Services [Member]
Disaggregation of Revenue [Abstract]
Net sales									191,679	202,074	201,712
Technology Segment [Member] \| SLED [Member]
Disaggregation of Revenue [Abstract]
Net sales									243,092	223,330	234,141
Technology Segment [Member] \| Health Care [Member]
Disaggregation of Revenue [Abstract]
Net sales									233,894	193,754	189,889
Technology Segment [Member] \| All others [Member]
Disaggregation of Revenue [Abstract]
Net sales									247,276	241,740	222,490
Technology Segment [Member] \| Cisco Systems [Member]
Disaggregation of Revenue [Abstract]
Net sales									607,719	556,182	582,419
Technology Segment [Member] \| NetApp [Member]
Disaggregation of Revenue [Abstract]
Net sales									59,812	48,858	54,821
Technology Segment [Member] \| HP Inc. & HPE [Member]
Disaggregation of Revenue [Abstract]
Net sales									71,802	74,348	86,675
Technology Segment [Member] \| Dell / EMC [Member]
Disaggregation of Revenue [Abstract]
Net sales									84,939	61,284	54,294
Technology Segment [Member] \| Arista Networks [Member]
Disaggregation of Revenue [Abstract]
Net sales									75,281	57,850	52,521
Technology Segment [Member] \| Juniper Networks [Member]
Disaggregation of Revenue [Abstract]
Net sales									68,339	48,943	44,623
Technology Segment [Member] \| All others [Member]
Disaggregation of Revenue [Abstract]
Net sales									$ 562,246	$ 482,055	$ 497,412

SEGMENT REPORTING, Geographic I

SEGMENT REPORTING, Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Net Sales [Abstract]
Net sales	$ 366,476	$ 428,991	$ 411,565	$ 381,372	$ 325,434	$ 345,664	$ 345,043	$ 356,532	$ 1,588,404	$ 1,372,673	$ 1,418,802
Long-lived tangible assets [Abstract]
Long-lived tangible assets	39,530				33,726				39,530	33,726
U.S. [Member]
Net Sales [Abstract]
Net sales									1,508,329	1,284,482	1,349,254
Long-lived tangible assets [Abstract]
Long-lived tangible assets	38,297				32,570				38,297	32,570
Non U.S [Member]
Net Sales [Abstract]
Net sales									80,075	88,191	$ 69,548
Long-lived tangible assets [Abstract]
Long-lived tangible assets	$ 1,233				$ 1,156				$ 1,233	$ 1,156

SEGMENT REPORTING, Concentratio

SEGMENT REPORTING, Concentration Risk (Details)	12 Months Ended
SEGMENT REPORTING, Concentration Risk (Details)	Mar. 31, 2020	Mar. 31, 2018
Revenue [Member] \| Technology Segment [Member]
Concentration of Risk [Abstract]
Percentage of concentration risk	15.00%	12.00%

QUARTERLY DATA - UNAUDITED (Det

QUARTERLY DATA - UNAUDITED (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Mar. 31, 2020		Dec. 31, 2019		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2020		Mar. 31, 2019		Mar. 31, 2018
Condensed Quarterly Financial Information [Abstract]
Net sales	$ 366,476		$ 428,991		$ 411,565		$ 381,372		$ 325,434		$ 345,664		$ 345,043		$ 356,532		$ 1,588,404		$ 1,372,673		$ 1,418,802
Cost of Sales [Abstract]
Cost of sales	274,651		325,295		308,534		288,733		244,162		262,751		259,543		275,829		1,197,213		1,042,285		1,095,320
Gross profit	91,825		103,696		103,031		92,639		81,272		82,913		85,500		80,703		391,191		330,388		323,482
Selling, general, and administrative expenses	69,782		73,090		70,523		65,787		62,683		59,728		57,705		56,966		279,182		237,082		228,127
Depreciation and amortization	3,489		3,647		3,557		3,463		3,574		2,719		2,741		2,790		14,156		11,824		9,921
Interest and financing costs	676		694		576		628		545		443		484		476		2,574		1,948		1,195
Operating expenses	73,947		77,431		74,656		69,878		66,802		62,890		60,930		60,232		295,912		250,854		239,243
Operating income	17,878		26,265		28,375		22,761		14,470		20,023		24,570		20,471		95,279		79,534		84,239
Other income and (expense)	(232)		997		(40)		(45)		5,556		721		322		97		680		6,696		(348)
Earnings before tax	17,646		27,262		28,335		22,716		20,026		20,744		24,892		20,568		95,959		86,230		83,891
Provision for income taxes	4,400		7,712		8,237		6,528		4,974		5,880		6,889		5,295		26,877		23,038		28,769
Net earnings	$ 13,246		$ 19,550		$ 20,098		$ 16,188		$ 15,052		$ 14,864		$ 18,003		$ 15,273		$ 69,082		$ 63,192		$ 55,122
Net earnings per common share - Basic (in dollars per share)	$ 0.99	[1]	$ 1.47	[1]	$ 1.51	[1]	$ 1.21	[1]	$ 1.12	[1]	$ 1.10	[1]	$ 1.33	[1]	$ 1.14	[1]	$ 5.18	[1]	$ 4.70	[1]	$ 4
Net earnings per common share - Diluted (in dollars per share)	$ 0.99	[1]	$ 1.46	[1]	$ 1.51	[1]	$ 1.20	[1]	$ 1.12	[1]	$ 1.10	[1]	$ 1.33	[1]	$ 1.12	[1]	$ 5.15	[1]	$ 4.65	[1]	$ 3.95
Product [Member]
Condensed Quarterly Financial Information [Abstract]
Net sales	$ 317,621		$ 378,569		$ 363,497		$ 335,601		$ 280,460		$ 310,443		$ 309,475		$ 322,817		$ 1,395,288		$ 1,223,195		$ 1,289,307
Cost of Sales [Abstract]
Cost of sales	244,638		293,209		278,863		260,063		216,662		241,856		238,134		255,812		1,076,773		952,464		1,023,590
Service [Member]
Condensed Quarterly Financial Information [Abstract]
Net sales	48,855		50,422		48,068		45,771		44,974		35,221		35,568		33,715		193,116		149,478		129,495
Cost of Sales [Abstract]
Cost of sales	$ 30,013		$ 32,086		$ 29,671		$ 28,670		$ 27,500		$ 20,895		$ 21,409		$ 20,017		$ 120,440		$ 89,821		$ 71,730

[1]	Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

SCHEDULE II - VALUATION AND Q_2

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Movement in Valuation Allowances and Reserves [Roll Forward]
Expected merchandise returns		$ 6,500	$ 5,300	$ 5,300
Allowance for Sales Returns [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	[1]	852	899	752
Charged to Costs and Expenses	[1]	2,678	1,305	2,579
Deductions/Write-Offs	[1]	(2,492)	(1,352)	(2,432)
Balance at End of Period	[1]	1,038	852	899
Reserve for Credit Losses [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		2,614	2,664	5,392
Charged to Costs and Expenses		1,004	335	462
Deductions/Write-Offs		(429)	(385)	(3,190)
Balance at End of Period		3,189	2,614	2,664
Valuation for Deferred Taxes [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		1,065	1,335	1,270
Charged to Costs and Expenses		320	(270)	65
Deductions/Write-Offs		0	0	0
Balance at End of Period		$ 1,385	$ 1,065	$ 1,335

[1]	These amounts represent the gross profit effect of sales returns during the respective years. Expected merchandise returns after year-end for sales made before year-end were $6.5 million, $5.3 million, and $5.3 million as of March 31, 2020, 2019, and 2018, respectively.