World Acceptance (WRLD) 10-Q 10 Nov 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2014	Nov. 06, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'WORLD ACCEPTANCE CORP	'
Entity Central Index Key	'0000108385	'
Current Fiscal Year End Date	'--03-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	9,460,555
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q2	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Sep. 30, 2014	Mar. 31, 2014
ASSETS	'	'
Cash and cash equivalents	$14,631,616	$19,569,683
Gross loans receivable	1,194,039,694	1,112,307,335
Less:	'	'
Unearned interest and fees	321,794,326	298,387,520
Allowance for loan losses	-81,817,578	-63,254,940
Loans receivable, net	790,427,790	750,664,875
Property and equipment, net	25,810,308	24,826,238
Deferred income taxes	36,902,365	33,514,189
Other assets, net	12,693,015	11,707,639
Goodwill	5,967,127	5,967,127
Intangible assets, net	3,543,769	3,777,810
Total assets	889,975,990	850,027,561
Liabilities:	'	'
Senior notes payable	559,700,000	505,500,000
Income taxes payable	7,691,545	9,521,285
Accounts payable and accrued expenses	28,977,703	27,650,955
Total liabilities	596,369,248	542,672,240
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Preferred stock, no par value	0	0
Common stock, no par value	0	0
Additional paid-in capital	126,434,155	118,365,503
Retained earnings	173,518,224	193,095,944
Accumulated other comprehensive loss	-6,345,637	-4,106,126
Total shareholders' equity	293,606,742	307,355,321
Total liabilities and shareholders' equity	$889,975,990	$850,027,561

CONSOLIDATED_BALANCE_SHEETS_Un1

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Shareholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0	$0
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0	$0
Common stock, shares authorized (in shares)	95,000,000	95,000,000
Common stock, shares issued (in shares)	9,453,505	10,262,384
Common stock, shares outstanding (in shares)	9,453,505	10,262,384

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Interest and fee income	$136,477,410	$133,010,377	$270,893,217	$260,988,298
Insurance commissions and other income	16,077,229	16,953,202	31,973,397	34,240,408
Total revenues	152,554,639	149,963,579	302,866,614	295,228,706
Expenses:	'	'	'	'
Provision for loan losses	36,160,733	38,187,649	67,053,998	66,890,842
General and administrative expenses:	'	'	'	'
Personnel	50,943,037	49,134,111	105,182,329	102,443,786
Occupancy and equipment	10,372,901	9,692,239	20,436,795	19,071,209
Advertising	3,428,847	3,049,386	6,590,513	5,772,641
Amortization of intangible assets	188,417	265,665	390,174	577,167
Other	11,113,739	9,846,790	21,158,273	19,360,474
Total general and administrative expenses	76,046,941	71,988,191	153,758,084	147,225,277
Interest expense	6,026,395	5,280,791	11,590,850	9,957,245
Total expenses	118,234,069	115,456,631	232,402,932	224,073,364
Income before income taxes	34,320,570	34,506,948	70,463,682	71,155,342
Income taxes	13,047,229	12,941,679	26,635,005	26,478,372
Net income	$21,273,341	$21,565,269	$43,828,677	$44,676,970
Net income per common share:	'	'	'	'
Basic (in dollars per share)	$2.34	$1.95	$4.70	$3.97
Diluted (in dollars per share)	$2.30	$1.91	$4.62	$3.88
Weighted average common shares outstanding:	'	'	'	'
Basic (in shares)	9,087,825	11,082,741	9,316,709	11,265,575
Diluted (in shares)	9,263,137	11,312,232	9,482,642	11,500,521

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$21,273,341	$21,565,269	$43,828,677	$44,676,970
Foreign currency translation adjustments	-2,831,616	-1,004,977	-2,239,511	-4,024,723
Comprehensive income	$18,441,725	$20,560,292	$41,589,166	$40,652,247

CONSOLIDATED_STATEMENTS_OF_SHA

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (USD $)	Total	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), net [Member]
Balances at Mar. 31, 2013	$366,396,259	$89,789,789	$277,024,787	($418,317)
Increase (Decrease) in Shareholders' Equity [Roll Forward]	'	'	'	'
Proceeds from exercise of stock options, including tax benefits	13,662,510	13,662,510	'	'
Common stock repurchases	-190,536,775	'	-190,536,775	'
Issuance of restricted common stock under stock option plan	5,234,480	5,234,480	'	'
Stock option expense	9,678,724	9,678,724	'	'
Other comprehensive income	-3,687,809	'	'	-3,687,809
Net income	106,607,932	'	106,607,932	'
Balances at Mar. 31, 2014	307,355,321	118,365,503	193,095,944	-4,106,126
Increase (Decrease) in Shareholders' Equity [Roll Forward]	'	'	'	'
Proceeds from exercise of stock options, including tax benefits	354,921	354,921	'	'
Common stock repurchases	-63,406,397	'	-63,406,397	'
Issuance of restricted common stock under stock option plan	3,820,514	3,820,514	'	'
Stock option expense	3,893,217	3,893,217	'	'
Other comprehensive income	-2,239,511	'	'	-2,239,511
Net income	43,828,677	'	43,828,677	'
Balances at Sep. 30, 2014	$293,606,742	$126,434,155	$173,518,224	($6,345,637)

CONSOLIDATED_STATEMENTS_OF_SHA1

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) (USD $)	6 Months Ended	12 Months Ended
	Sep. 30, 2014	Mar. 31, 2014
Increase (Decrease) in Shareholders' Equity [Roll Forward]	'	'
Proceeds from exercise of stock options (in shares)	8,800	265,365
Proceeds from exercise of stock options, tax benefits	$107,821	$2,867,621
Common stock repurchases (in shares)	800,291	2,091,699

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flow from operating activities:	'	'
Net income	$43,828,677	$44,676,970
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Amortization of intangible assets	390,174	577,167
Amortization of loan costs and discounts	195,377	227,820
Provision for loan losses	67,053,998	66,890,842
Depreciation	3,246,149	3,173,420
Deferred income tax benefit	-3,610,518	-7,204,662
Compensation related to stock option and restricted stock plans	7,713,731	8,774,815
Change in accounts:	'	'
Other assets, net	-1,241,553	252,764
Income taxes payable	-1,799,893	-7,863,237
Accounts payable and accrued expenses	1,443,158	-3,496,040
Net cash provided by operating activities	117,219,300	106,009,859
Cash flows from investing activities:	'	'
Increase in loans receivable, net	-107,800,236	-121,930,478
Net assets acquired from office acquisitions, primarily loans	-844,742	-717,063
Purchases of property and equipment	-4,358,977	-3,424,236
Increase in intangible assets from acquisitions	-156,133	-276,437
Net cash used in investing activities	-113,160,088	-126,348,214
Cash flow from financing activities:	'	'
Borrowings from senior note payable	172,334,100	195,940,000
Payments on senior note payable	-118,134,100	-109,340,000
Proceeds from exercise of stock options	247,100	1,451,678
Repurchase of common stock	-63,406,397	-65,058,684
Excess tax benefits from exercise of stock options	107,821	509,408
Net cash provided by financing activities	-8,851,476	23,502,402
Increase in cash and cash equivalents	-4,938,067	2,863,868
Effects of foreign currency fluctuations on cash	-145,803	-300,179
Cash and cash equivalents at beginning of period	19,569,683	11,625,365
Cash and cash equivalents at end of period	$14,631,616	$14,489,233

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
BASIS OF PRESENTATION	'
	BASIS OF PRESENTATION
	The consolidated financial statements of the Company at September 30, 2014, and for the three and six months ended were prepared in accordance with the instructions for Form 10-Q and are unaudited; however, in the opinion of management, all adjustments (consisting only of items of a normal recurring nature) necessary for a fair presentation of the financial position at September 30, 2014, and the results of operations and cash flows for the periods ended September 30, 2014 and 2013, have been included.  The results for the interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period.
	The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amount of revenue and expenses during the reporting period.  Actual results could differ from those estimates.
	The consolidated financial statements do not include all disclosures required by U.S. GAAP and should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the fiscal year ended March 31, 2014, included in the Company’s 2014 Annual Report to Shareholders.

SUMMARY_OF_SIGNIFICANT_POLICIE

SUMMARY OF SIGNIFICANT POLICIES	6 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT POLICIES	'
	SUMMARY OF SIGNIFICANT POLICIES
	Accounting Standards to be Adopted
	Revenue from Contracts with Customers.
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2014-09 which supersedes the revenue recognition requirements Topic 605 (Revenue Recognition), and most industry-specific guidance. ASU No. 2014-09 is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The guidance allows for either a "full retrospective" adoption or a "modified retrospective" adoption; however early adoption is not permitted. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements.
	We reviewed all other newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the consolidated financial statements as a result of future adoption.

FAIR_VALUE

FAIR VALUE	6 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE	'
	FAIR VALUE
	Fair Value Disclosures
	The Company may carry certain financial instruments and derivative assets and liabilities at fair value on a recurring basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Company determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	Financial assets and liabilities measured at fair value are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities.  These levels are:
	•	Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.
	•	Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in market that are less active.
	•	Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity’s own assumptions.
	The Company’s financial instruments for the periods reported consist of the following: cash and cash equivalents, loans receivable, and senior notes payable. Fair value approximates carrying value for all of these instruments. Loans receivable are originated at prevailing market rates and have an average life of approximately eight months. Given the short-term nature of these loans, they are continually repriced at current market rates. The Company’s revolving credit facility has a variable rate based on a margin over LIBOR and reprices with any changes in LIBOR.
	The carrying amount and estimated fair values of the Company’s financial instruments summarized by level are as follows:
		September 30, 2014				March 31, 2014
		Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	ASSETS
	Level 1 inputs
	Cash and cash equivalents	$	14,631,616	$	14,631,616	$	19,569,683	$	19,569,683
	Level 3 inputs
	Loans receivable, net	790,427,790		790,427,790		750,664,875		750,664,875
	LIABILITIES
	Level 3 inputs
	Senior notes payable	559,700,000		559,700,000		505,500,000		505,500,000
	There were no significant assets or liabilities measured at fair value on a non-recurring basis as of September 30, 2014 or March 31, 2014.

ALLOWANCE_FOR_LOAN_LOSSES

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
ALLOWANCE FOR LOAN LOSSES	'
	ALLOWANCE FOR LOAN LOSSES
	The following is a summary of the changes in the allowance for loan losses for the periods indicated:
		Three months ended September 30,					Six months ended September 30,
		2014			2013		2014			2013
	Balance at beginning of period	$	67,885,227		61,630,967		$	63,254,940		59,980,842
	Provision for loan losses	36,160,733			38,187,649		67,053,998			66,890,842
	Loan losses	(25,411,876		)	(35,261,797	)	(55,232,423		)	(65,375,871	)
	Recoveries	3,514,172			3,135,796		7,026,970			6,447,978
	Translation adjustment	(330,678		)	(84,610	)	(285,907		)	(335,786	)
	Balance at end of period	$	81,817,578		67,608,005		$	81,817,578		67,608,005
	The following is a summary of loans individually and collectively evaluated for impairment for the period indicated:
	September 30, 2014	Loans individually			Loans collectively		Total
		evaluated for			evaluated for
		impairment			impairment
		(impaired loans)
	Bankruptcy, gross loans	$	6,721,814		—		6,721,814
	91 days or more delinquent, excluding bankruptcy	52,590,391			—		52,590,391
	Loans less than 91 days delinquent and not in bankruptcy	—			1,134,727,489		1,134,727,489
	Gross loan balance	59,312,205			1,134,727,489		1,194,039,694
	Unearned interest and fees	(15,286,809		)	(306,507,517	)	(321,794,326	)
	Net loans	44,025,396			828,219,972		872,245,368
	Allowance for loan losses	(44,025,396		)	(37,792,182	)	(81,817,578	)
	Loans, net of allowance for loan losses	$	—		790,427,790		790,427,790
	March 31, 2014	Loans individually			Loans collectively		Total
		evaluated for			evaluated for
		impairment			impairment
		(impaired loans)
	Bankruptcy, gross loans	$	5,878,825		—		5,878,825
	91 days or more delinquent, excluding bankruptcy	28,186,637			—		28,186,637
	Loans less than 91 days delinquent and not in bankruptcy	—			1,078,241,873		1,078,241,873
	Gross loan balance	34,065,462			1,078,241,873		1,112,307,335
	Unearned interest and fees	(7,269,147		)	(291,118,373	)	(298,387,520	)
	Net loans	26,796,315			787,123,500		813,919,815
	Allowance for loan losses	(26,796,315		)	(36,458,625	)	(63,254,940	)
	Loans, net of allowance for loan losses	$	—		750,664,875		750,664,875
	September 30, 2013	Loans individually			Loans collectively		Total
		evaluated for			evaluated for
		impairment			impairment
		(impaired loans)
	Bankruptcy, gross loans	$	6,437,259		—		6,437,259
	91 days or more delinquent, excluding bankruptcy	28,646,649			—		28,646,649
	Loans less than 91 days delinquent and not in bankruptcy	—			1,128,153,780		1,128,153,780
	Gross loan balance	35,083,908			1,128,153,780		1,163,237,688
	Unearned interest and fees	(7,900,928		)	(313,079,173	)	(320,980,101	)
	Net loans	27,182,980			815,074,607		842,257,587
	Allowance for loan losses	(27,182,980		)	(40,425,025	)	(67,608,005	)
	Loans, net of allowance for loan losses	$	—		774,649,582		774,649,582
	The following is an assessment of the credit quality for the period indicated:
		September 30,			March 31,		September 30,
		2014			2014		2013
	Credit risk
	Consumer loans- non-bankrupt accounts	$	1,187,317,880		1,106,428,510		1,156,800,429
	Consumer loans- bankrupt accounts	6,721,814			5,878,825		6,437,259
	Total gross loans	$	1,194,039,694		1,112,307,335		1,163,237,688
	Consumer credit exposure
	Credit risk profile based on payment activity, performing	$	1,110,982,990		1,053,037,073		1,101,669,295
	Contractual non-performing, 61 or more days delinquent	83,056,704			59,270,262		61,568,393
	Total gross loans	$	1,194,039,694		1,112,307,335		1,163,237,688
	Delinquent refinance	$	26,112,606		22,907,734		23,170,833
	Credit risk profile based on customer type
	New borrower	$	163,470,487		151,025,603		143,398,274
	Former borrower	129,562,132			102,514,264		113,787,457
	Refinance	874,894,469			835,859,734		882,881,124
Delinquent refinance	26,112,606			22,907,734		23,170,833
Total gross loans	$	1,194,039,694		1,112,307,335		1,163,237,688
The following is a summary of the past due receivables as of:
	September 30,			March 31,		September 30,
	2014			2014		2013
Contractual basis:
30-60 days past due	$	52,502,067		37,713,414		46,063,021
61-90 days past due	29,757,397			30,607,515		32,552,615
91 days or more past due	53,299,307			28,662,747		29,015,778
Total	$	135,558,771		96,983,676		107,631,414
Percentage of period-end gross loans receivable	11.4		%	8.7	%	9.3	%

AVERAGE_SHARE_INFORMATION

AVERAGE SHARE INFORMATION	6 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
AVERAGE SHARE INFORMATION	'
	AVERAGE SHARE INFORMATION
	The following is a summary of the basic and diluted average common shares outstanding:
		Three months ended September 30,				Six months ended September 30,
		2014		2013		2014		2013
	Basic:
	Weighted average common shares outstanding (denominator)	9,087,825		11,082,741		9,316,709		11,265,575
	Diluted:
	Weighted average common shares outstanding	9,087,825		11,082,741		9,316,709		11,265,575
	Dilutive potential restricted stock and stock options	175,312		229,491		165,933		234,946
	Weighted average diluted shares outstanding (denominator)	9,263,137		11,312,232		9,482,642		11,500,521
	Options to purchase 469,453 and 347,834 shares of common stock at various prices were outstanding during the three months ended September 30, 2014 and 2013 respectively, but were not included in the computation of diluted EPS because the option exercise price was antidilutive.
	Options to purchase 573,784 and 556,010 shares of common stock at various prices were outstanding during the six months ended September 30, 2014 and 2013 respectively, but were not included in the computation of diluted EPS because the option exercise price was antidilutive.
	In connection with the preparation of the consolidated financial statements for the three and six month periods ended September 30, 2014, errors in the computation and disclosure of earnings per share were identified. These errors resulted from the inclusion of restricted stock as outstanding in the basic weighted average common shares outstanding, as well as the inclusion of performance based restricted stock that had not met the necessary performance conditions as of the end of the reporting period as dilutive in the calculation of weighted average diluted shares outstanding.
	The Company evaluated the materiality of these errors in accordance with SEC Staff Accounting Bulletin No. 99, Materiality, and SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in Current Year Financial Statements, and Accounting Standards Codification 250, Accounting for Changes and Error Corrections, and concluded that these errors, individually and in the aggregate, were immaterial to all prior periods impacted. While the adjustments were immaterial, the Company has elected to revise its previously reported basic and diluted earnings per share as shown in the following table:
			Three months ended September 30, 2013				Six months ended			Year Ended March 31, 2014
							30-Sep-13
			As Reported		As Revised		As Reported		As Revised	As Reported	As Revised
	Net income (numerator)		21,565,269		21,565,269		44,676,970		44,676,970	106,607,932	106,607,932
	Basic:
	Weighted average common shares outstanding (denominator)		11,629,326		11,082,741		11,814,675		11,265,575	11,391,706	10,876,557
	Diluted:
	Weighted average common shares outstanding		11,629,326		11,082,741		11,814,675		11,265,575	11,391,706	10,876,557
	Dilutive potential restricted stock and stock options		350,613		229,491		345,084		234,946	349,599	229,153
	Weighted average common shares outstanding (denominator)		11,979,939		11,312,232		12,159,759		11,500,521	11,741,305	11,105,710
	Net income per common share:
	Basic		1.85		1.95		3.78		3.97	9.36	9.8
	Diluted		1.8		1.91		3.67		3.88	9.08	9.6
	The corrections have no impact on the Company’s consolidated balance sheets, net income, consolidated statement of comprehensive income, consolidated statements of shareholders equity, or consolidated statements of cash flows.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
STOCK-BASED COMPENSATION	'
	STOCK-BASED COMPENSATION
	Stock Option Plans
	The Company has a 2002 Stock Option Plan, a 2005 Stock Option Plan, a 2008 Stock Option Plan, and a 2011 Stock Option Plan for the benefit of certain directors, officers, and key employees.  Under these plans, a total of 4,100,000 shares of authorized common stock have been reserved for issuance pursuant to grants approved by the Compensation and Stock Option Committee of the Board of Directors.  Stock options granted under these plans have a maximum duration of 10 years, may be subject to certain vesting requirements, which are generally five years for officers, directors, and key employees, and are priced at the market value of the Company's common stock on the date of grant of the option.  At September 30, 2014, there were a total of 377,793 shares available for grant under the plans.
	Stock-based compensation is recognized as provided under FASB ASC Topic 718-10 and FASB ASC Topic 505-50.  FASB ASC Topic 718-10 requires all share-based payments to employees, including grants of employee stock options, to be recognized as compensation expense over the requisite service period (generally the vesting period) in the consolidated financial statements based on their grant date fair values. The impact of forfeitures that may occur prior to vesting is also estimated and considered in the amount recognized. The Company has applied the Black-Scholes valuation model in determining the grant date fair value of the stock option awards.  Compensation expense is recognized only for those options expected to vest, with forfeitures estimated based on historical experience and future expectations.
	The weighted-average fair value at the grant date for options issued during the three and six months ended September 30, 2014 was $43.93. There were no grants for the three and six months ended September 30, 2013. This fair value was estimated at grant date using the weighted-average assumptions listed below.
		Three months ended September 30,				Six months ended September 30,
		2014		2013		2014		2013
	Dividend Yield	—%		—%		—%		—%
	Expected Volatility	53.34%		—%		53.34%		—%
	Average risk-free rate	1.97%		—%		1.97%		—%
	Expected Life	7.0 years		0.0 years		7.0 years		0.0 years
	The expected stock price volatility is based on the historical volatility of the Company's stock for a period approximating the expected life. The expected life represents the period of time that options are expected to be outstanding after the grant date. The risk-free rate reflects the interest rate at grant date on zero coupon U.S. governmental bonds having a remaining life similar to the expected option term.
	Option activity for the six months ended September 30, 2014 was as follows:
		Shares			Weighted Average Exercise				Weighted Average		Aggregate Intrinsic Value
					Price				Remaining
									Contractual Term
	Options outstanding, beginning of period	1,096,000			$	63.81
	Granted during period	3,000			79.57
	Exercised during period	(8,800	)		28.08
	Forfeited during period	(18,750	)		67.45
	Expired during period	(750	)		67.31
	Options outstanding, end of period	1,070,700			$	64.09			7.14		$	9,926,286
	Options exercisable, end of period	227,440			$	44.74			4.54		$	5,508,007
	The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on September 30, 2014 and the exercise price, multiplied by the number of in-the-money options) that would have been received by option holders had all option holders exercised their options  as of  September 30, 2014.  This amount will change as the stock’s market price changes. The total intrinsic value of options exercised during the periods ended September 30, 2014 and 2013 was as follows:
		September 30,				September 30,
		2014				2013
	Three months ended	$	241,819			$	1,107,812
	Six months ended	$	439,479			$	2,151,214
	As of September 30, 2014, total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $16.5 million, which is expected to be recognized over a weighted-average period of approximately 3.1 years.
	Restricted Stock
	During Fiscal 2014 and 2013 the Company granted 8,590 and 70,800 Group A performance based restricted stock awards to certain officers. As of September 30, 2014, 60,390 remain unforfeited. Group A awards will vest on April 30, 2015 based on the Company's achievement of the following performance goals as of March 31, 2015:
	EPS Target		Restricted Shares Eligible for Vesting (Percentage of Award)
	$10.29		100%
	$9.76		67%
	$9.26		33%
	$9.25 or less		0%
	During Fiscal 2014 and 2013 the Company granted 56,660 and 443,700 Group B performance based restricted stock awards to certain officers. As of September 30, 2014, 373,360 remain unforfeited. Group B awards will vest as follows, if the Company achieves the following performance goals during any successive trailing four quarters during the measurement period ending on March 31, 2017:
	Trailing 4 quarter EPS Target		Restricted Shares Eligible for Vesting (Percentage of Award)
	$13.00		25%
	$14.50		25%
	$16.00		25%
	$18.00		25%
	On November 7, 2011, the Company granted 15,077 shares of restricted stock (which are equity classified), with a grant date fair value of $67.70 per share, to certain executive officers.  One-third of the restricted stock vested immediately, one-third vested on November 7, 2012, and 3,249 vested on November 7, 2013, respectively.  On that same date, the Company granted an additional 24,200 shares of restricted stock (which are equity classified), with a grant date fair value of $67.70 per share, to certain officers.  One-third of the restricted stock vested on November 7, 2012, and one-third of the restricted stock vested on November 7, 2013 and one-third of the restricted stock will vest on November 7, 2014, respectively.  On that same date, the Company granted an additional 11,139 shares of restricted stock (which are equity classified), with a grant date fair value of $67.70 per share, to certain executive officers.  The remaining unforfeited 5,223 shares vested on April 30, 2014 based on the Company’s compounded annual EPS growth according to the following schedule:
	Vesting Percentage		Compounded Annual EPS Growth
	100%		15% or higher
	67%		12% - 14.99%
	33%		10% - 11.99%
	0%		Below 10%
	Compensation expense related to restricted stock is based on the number of shares expected to vest and the fair market value of the common stock on the grant date.  The Company recognized approximately $2.1 million and $1.9 million of compensation expense for the three months ended September 30, 2014 and September 30, 2013, respectively, and recognized approximately $4.0 million and $4.1 million, respectively, for the six months ended September 30, 2014 and September 30, 2013 which is included as a component of general and administrative expenses in the Company’s Consolidated Statements of Operations.
	As of September 30, 2014, there was approximately $14.1 million of unrecognized compensation cost related to unvested restricted stock awards granted, which is expected to be recognized over the next 2.1 years. In addition there was approximately $6.7 million of unrecognized compensation cost related to unvested restricted stock awards granted, which are not expected to vest based on current estimates. If these estimates change the $6.7 million could be expensed in future periods.
	A summary of the status of the Company’s restricted stock as of September 30, 2014, and changes during the six months ended September 30, 2014, are presented below:
		Shares			Weighted Average Fair Value at Grant Date
	Outstanding at March 31, 2014	461,959			$	76.49
	Granted during the period	—			—
	Vested during the period	(5,223	)		67.7
	Forfeited during the period	(15,594	)		73.84
	Outstanding at September 30, 2014	441,142			$	76.69
	Total share-based compensation included as a component of net income during the three and six months ended September 30, 2014 and 2013 was as follows:
		Three months ended September 30,							Six months ended September 30,
		2014				2013			2014				2013
	Share-based compensation related to equity classified awards:
	Share-based compensation related to stock options	$	2,000,396			2,643,855			$	3,893,217			5,139,768
	Share-based compensation related to restricted stock units	2,147,942				1,917,730			3,950,758				4,106,716
Total share-based compensation related to equity classified awards	$	4,148,338			4,561,585			$	7,843,975			9,246,484

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
ACQUISITIONS	'
	ACQUISITIONS
	The Company evaluates each acquisition to determine if the acquired enterprise meets the definition of a business.  Those acquired enterprises that meet the definition of a business are accounted for as a business combination under FASB ASC Topic 805-10 and all other acquisitions are accounted for as asset purchases.  All acquisitions have been from independent third parties.
	The following table sets forth the acquisition activity of the Company for the six months ended September 30, 2014 and 2013:
		2014		2013
	Number of business combinations	—		1
	Number of asset purchases	2		5
	Total acquisitions	2		6
	Purchase Price	$	1,000,875	993,500
	Tangible assets:
	Net loans	844,742		715,563
	Furniture, fixtures & equipment	—		1,500
		844,742		717,063
	Excess of purchase prices over carrying value of net tangible assets	$	156,133	276,437
	Customer lists	146,133		175,598
	Non-compete agreements	10,000		30,000
	Goodwill	—		70,839
	Total intangible assets	$	156,133	276,437
	When the acquisition results in a new office, the Company records the transaction as a business combination, since the office acquired will continue to generate loans. The Company typically retains the existing employees and the office location.  The purchase price is allocated to the estimated fair value of the tangible assets acquired and to the estimated fair value of the identified intangible assets acquired (generally non-compete agreements and customer lists).  The remainder is allocated to goodwill.  During the six months ended September 30, 2014, no acquisitions were recorded as a business combination.
	When the acquisition is of a portfolio of loans only, the Company records the transaction as an asset purchase. In an asset purchase, no goodwill is recorded.  The purchase price is allocated to the estimated fair value of the tangible and intangible assets acquired.  There were two acquisitions recorded as asset acquisitions during the six months ended September 30, 2014.
	The Company’s acquisitions include tangible assets (generally loans and furniture and equipment) and intangible assets (generally non-compete agreements, customer lists, and goodwill), both of which are recorded at their fair values, which are estimated pursuant to the processes described below.
	Acquired loans are valued at the net loan balance.  Given the short-term nature of these loans, generally eight months, and that these loans are priced at current rates, management believes the net loan balances approximate their fair value.
	Furniture and equipment are valued at the specific purchase price as agreed to by both parties at the time of acquisition, which management believes approximates their fair values.
	Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates the fair value. The fair value of the customer lists is based on a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists.  In a business combination the remaining excess of the purchase price over the fair value of the tangible assets, customer list, and non-compete agreements is allocated to goodwill.  The offices the Company acquires are small privately owned offices, which do not have sufficient historical data to determine attrition.  The Company believes that the customers acquired have the same characteristics and perform similarly to its customers.  Therefore, the Company utilized the attrition patterns of its customers when developing the method.  This method is re-evaluated periodically.
	Customer lists are allocated at an office level and are evaluated for impairment at an office level when a triggering event occurs, in accordance with FASB ASC Topic 360-10-5.  If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance.  In most acquisitions, the original fair value of the customer list allocated to an office is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial.
	The results of all acquisitions have been included in the Company’s consolidated financial statements since the respective acquisition dates.  The pro forma impact of these purchases as though they had been acquired at the beginning of the periods presented would not have a material effect on the consolidated results of operations as reported.

DEBT

DEBT	6 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
DEBT	'
	DEBT
	The Company's notes payable consist of a $680.0 million senior notes payable revolving credit facility with borrowings of $559.7 million outstanding on the borrowing facility and a $380,000 standby letter of credit related to workers compensation is outstanding at September 30, 2014. To the extent that the letter of credit is drawn upon, the disbursement will be funded by the credit facility. There are no amounts due related to the letter of credit as of September 30, 2014 and it expires on December 31, 2014. Subject to a borrowing base formula, the Company may borrow at the rate of LIBOR plus 3.0% with a minimum of 4.0%.  At September 30, 2014 and March 31, 2014, the Company’s effective interest rate, including the commitment fee, was 4.3% and 4.4%, respectively, and the unused amount available under the revolver at September 30, 2014 was $60.4 million, and reflects a reduction in the available borrowings for the full face amount of the standby letter of credit. The Company also had $59.5 million that may become available under the revolving credit facility if it grows the net eligible finance receivables. The revolving credit facility has a commitment fee of 0.40% per annum on the unused portion of the commitment.  Borrowings under the revolving credit facility mature on November 19, 2015.
	Substantially all of the Company’s assets are pledged as collateral for borrowings under the revolving credit agreement.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES
	The Company is required to assess whether the earnings of our two Mexican foreign subsidiaries, Servicios World Acceptance Corporation de México, S. de R.L. de C.V. (“SWAC”) and WAC de México, S.A. de C.V., SOFOM ENR (“WAC de Mexico”), will be permanently reinvested in the respective foreign jurisdiction or if previously untaxed foreign earnings of the Company will no longer be permanently reinvested and thus become taxable in the United States.  If these earnings were ever repatriated to the United States, the Company would be required to accrue and pay taxes on the cumulative undistributed earnings.  As of September 30, 2014, the Company has determined that approximately $1.6 million of cumulative undistributed net earnings of SWAC and approximately $16.0 million of cumulative undistributed net earnings of WAC de México, as well as the future net earnings and losses of both foreign subsidiaries, will be permanently reinvested.
	As of September 30, 2014 and March 31, 2014, the Company had $7.5 million and $6.4 million, respectively, of total gross unrecognized tax benefits including interest.  Approximately $5.5 million and $4.6 million, respectively, represent the amount of net unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. At September 30, 2014, approximately $4.5 million of gross unrecognized tax benefits are expected to be resolved during the next twelve months through the expiration of the statute of limitations and settlement with taxing authorities. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense.  As of September 30, 2014, the Company had $852,000 accrued for gross interest, of which $237,000 was a current period end expense.
	The Company is subject to U.S. and Mexican income taxes as well as income taxation by various other state and local jurisdictions.  With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2010, although carry forward attributes that were generated prior to 2010 may still be adjusted upon examination by the taxing authorities if they either have been or will be used in a future period.

LITIGATION

LITIGATION	6 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
LITIGATION	'
	See Part 1, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations-Regulatory Matters-CFPB Investigation,” for information regarding the Company’s previously disclosed receipt of a Civil Investigative Demand (“CID”) from the Consumer Financial Protection Bureau (“CFPB”) on March 12, 2014 and the Company’s response thereto.
	As previously disclosed, on April 22, 2014, a shareholder filed a putative class action complaint, Edna Selan Epstein v. World Acceptance Corporation et al., in the United States District Court for the District of South Carolina (case number 6:14-cv-01606), against the Company and certain of its current and former officers on behalf of all persons who purchased or otherwise acquired the Company’s common stock between April 25, 2013 and March 12, 2014. The complaint alleges that the Company made false and misleading statements in various SEC reports and other public statements in violation of federal securities laws preceding the Company’s disclosure in a Form 8-K filed March 13, 2014 that it had received above-referenced CID from the CFPB. The complaint seeks class certification, unspecified monetary damages, costs and attorneys’ fees. The Company believes the complaint is without merit and intends to vigorously defend itself in the matter. On June 25, 2014, the Company filed a motion to dismiss the complaint. On August 12, 2014, lead plaintiff Operating Engineers Construction Industry and Miscellaneous Pension Fund filed an amended complaint. The amended complaint contains similar allegations to the original complaint, but expands the class period and includes additional allegations that the Company’s loan growth and volume figures were inflated because of a weakness in the Company’s internal controls relating to its accounting treatment of certain small-dollar loan re-financings. The Company filed a motion to dismiss the amended complaint on September 16, 2014. On October 21, 2014, the Plaintiff filed a response in opposition to the Company’s motion to dismiss the amended complaint. The Company will file a reply brief in support of its motion to dismiss on or before November 17, 2014, and the Company’s motion to dismiss the amended complaint will be decided by the Court sometime thereafter.
	In addition, from time to time the Company is involved in routine litigation matters relating to claims arising out of its operations in the normal course of business, including matters in which damages in various amounts are claimed.
	Estimating an amount or range of possible losses resulting from litigation, government actions and other legal proceedings is inherently difficult and requires an extensive degree of judgment, particularly where the matters involve indeterminate claims for monetary damages, may involve fines, penalties or damages that are discretionary in amount, involve a large number of claimants or significant discretion by regulatory authorities, represent a change in regulatory policy or interpretation, present novel legal theories, are in the early stages of the proceedings, are subject to appeal or could result in a change in business practices. In addition, because most legal proceedings are resolved over extended periods of time, potential losses are subject to change due to, among other things, new developments, changes in legal strategy, the outcome of intermediate procedural and substantive rulings and other parties’ settlement posture and their evaluation of the strength or weakness of their case against us. For these reasons, we are currently unable to predict the ultimate timing or outcome of, or reasonably estimate the possible losses or a range of possible losses resulting from, the matters described above. Based on information currently available, the Company does not believe that any reasonably possible losses arising from currently pending legal matters will be material to the Company’s results of operations or financial condition. However, in light of the inherent uncertainties involved in such matters, an adverse outcome in one or more of these matters could materially and adversely affect the Company’s financial condition, results of operations or cash flows in any particular reporting period.

FAIR_VALUE_Tables

FAIR VALUE (Tables)	6 Months Ended
	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	'
		September 30, 2014				March 31, 2014
		Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	ASSETS
	Level 1 inputs
	Cash and cash equivalents	$	14,631,616	$	14,631,616	$	19,569,683	$	19,569,683
	Level 3 inputs
	Loans receivable, net	790,427,790		790,427,790		750,664,875		750,664,875
	LIABILITIES
	Level 3 inputs
	Senior notes payable	559,700,000		559,700,000		505,500,000		505,500,000

ALLOWANCE_FOR_LOAN_LOSSES_Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Summary of changes in the allowance for loan losses	'
	The following is a summary of the changes in the allowance for loan losses for the periods indicated:
		Three months ended September 30,					Six months ended September 30,
		2014			2013		2014			2013
	Balance at beginning of period	$	67,885,227		61,630,967		$	63,254,940		59,980,842
	Provision for loan losses	36,160,733			38,187,649		67,053,998			66,890,842
	Loan losses	(25,411,876		)	(35,261,797	)	(55,232,423		)	(65,375,871	)
	Recoveries	3,514,172			3,135,796		7,026,970			6,447,978
	Translation adjustment	(330,678		)	(84,610	)	(285,907		)	(335,786	)
	Balance at end of period	$	81,817,578		67,608,005		$	81,817,578		67,608,005
Summary of loans individually and collectively evaluated for impairment	'
	The following is a summary of loans individually and collectively evaluated for impairment for the period indicated:
	September 30, 2014	Loans individually			Loans collectively		Total
		evaluated for			evaluated for
		impairment			impairment
		(impaired loans)
	Bankruptcy, gross loans	$	6,721,814		—		6,721,814
	91 days or more delinquent, excluding bankruptcy	52,590,391			—		52,590,391
	Loans less than 91 days delinquent and not in bankruptcy	—			1,134,727,489		1,134,727,489
	Gross loan balance	59,312,205			1,134,727,489		1,194,039,694
	Unearned interest and fees	(15,286,809		)	(306,507,517	)	(321,794,326	)
	Net loans	44,025,396			828,219,972		872,245,368
	Allowance for loan losses	(44,025,396		)	(37,792,182	)	(81,817,578	)
	Loans, net of allowance for loan losses	$	—		790,427,790		790,427,790
	March 31, 2014	Loans individually			Loans collectively		Total
		evaluated for			evaluated for
		impairment			impairment
		(impaired loans)
	Bankruptcy, gross loans	$	5,878,825		—		5,878,825
	91 days or more delinquent, excluding bankruptcy	28,186,637			—		28,186,637
	Loans less than 91 days delinquent and not in bankruptcy	—			1,078,241,873		1,078,241,873
	Gross loan balance	34,065,462			1,078,241,873		1,112,307,335
	Unearned interest and fees	(7,269,147		)	(291,118,373	)	(298,387,520	)
	Net loans	26,796,315			787,123,500		813,919,815
	Allowance for loan losses	(26,796,315		)	(36,458,625	)	(63,254,940	)
	Loans, net of allowance for loan losses	$	—		750,664,875		750,664,875
	September 30, 2013	Loans individually			Loans collectively		Total
		evaluated for			evaluated for
		impairment			impairment
		(impaired loans)
	Bankruptcy, gross loans	$	6,437,259		—		6,437,259
	91 days or more delinquent, excluding bankruptcy	28,646,649			—		28,646,649
	Loans less than 91 days delinquent and not in bankruptcy	—			1,128,153,780		1,128,153,780
	Gross loan balance	35,083,908			1,128,153,780		1,163,237,688
	Unearned interest and fees	(7,900,928		)	(313,079,173	)	(320,980,101	)
	Net loans	27,182,980			815,074,607		842,257,587
	Allowance for loan losses	(27,182,980		)	(40,425,025	)	(67,608,005	)
	Loans, net of allowance for loan losses	$	—		774,649,582		774,649,582
Assessment of the credit quality	'
	The following is an assessment of the credit quality for the period indicated:
		September 30,			March 31,		September 30,
		2014			2014		2013
	Credit risk
	Consumer loans- non-bankrupt accounts	$	1,187,317,880		1,106,428,510		1,156,800,429
	Consumer loans- bankrupt accounts	6,721,814			5,878,825		6,437,259
	Total gross loans	$	1,194,039,694		1,112,307,335		1,163,237,688
	Consumer credit exposure
	Credit risk profile based on payment activity, performing	$	1,110,982,990		1,053,037,073		1,101,669,295
	Contractual non-performing, 61 or more days delinquent	83,056,704			59,270,262		61,568,393
	Total gross loans	$	1,194,039,694		1,112,307,335		1,163,237,688
	Delinquent refinance	$	26,112,606		22,907,734		23,170,833
	Credit risk profile based on customer type
	New borrower	$	163,470,487		151,025,603		143,398,274
	Former borrower	129,562,132			102,514,264		113,787,457
	Refinance	874,894,469			835,859,734		882,881,124
	Delinquent refinance	26,112,606			22,907,734		23,170,833
	Total gross loans	$	1,194,039,694		1,112,307,335		1,163,237,688
Summary of the past due receivables	'
	The following is a summary of the past due receivables as of:
		September 30,			March 31,		September 30,
		2014			2014		2013
	Contractual basis:
	30-60 days past due	$	52,502,067		37,713,414		46,063,021
	61-90 days past due	29,757,397			30,607,515		32,552,615
	91 days or more past due	53,299,307			28,662,747		29,015,778
	Total	$	135,558,771		96,983,676		107,631,414
	Percentage of period-end gross loans receivable	11.4		%	8.7	%	9.3	%

AVERAGE_SHARE_INFORMATION_Tabl

AVERAGE SHARE INFORMATION (Tables)	6 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Summary of basic and diluted average common shares outstanding	'
	The following is a summary of the basic and diluted average common shares outstanding:
		Three months ended September 30,				Six months ended September 30,
		2014		2013		2014		2013
	Basic:
	Weighted average common shares outstanding (denominator)	9,087,825		11,082,741		9,316,709		11,265,575
	Diluted:
	Weighted average common shares outstanding	9,087,825		11,082,741		9,316,709		11,265,575
	Dilutive potential restricted stock and stock options	175,312		229,491		165,933		234,946
	Weighted average diluted shares outstanding (denominator)	9,263,137		11,312,232		9,482,642		11,500,521
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	'
	While the adjustments were immaterial, the Company has elected to revise its previously reported basic and diluted earnings per share as shown in the following table:
			Three months ended September 30, 2013				Six months ended			Year Ended March 31, 2014
							30-Sep-13
			As Reported		As Revised		As Reported		As Revised	As Reported	As Revised
	Net income (numerator)		21,565,269		21,565,269		44,676,970		44,676,970	106,607,932	106,607,932
	Basic:
	Weighted average common shares outstanding (denominator)		11,629,326		11,082,741		11,814,675		11,265,575	11,391,706	10,876,557
	Diluted:
	Weighted average common shares outstanding		11,629,326		11,082,741		11,814,675		11,265,575	11,391,706	10,876,557
	Dilutive potential restricted stock and stock options		350,613		229,491		345,084		234,946	349,599	229,153
	Weighted average common shares outstanding (denominator)		11,979,939		11,312,232		12,159,759		11,500,521	11,741,305	11,105,710
	Net income per common share:
	Basic		1.85		1.95		3.78		3.97	9.36	9.8
	Diluted		1.8		1.91		3.67		3.88	9.08	9.6

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]	'
	There were no grants for the three and six months ended September 30, 2013. This fair value was estimated at grant date using the weighted-average assumptions listed below.
		Three months ended September 30,				Six months ended September 30,
		2014		2013		2014		2013
	Dividend Yield	—%		—%		—%		—%
	Expected Volatility	53.34%		—%		53.34%		—%
	Average risk-free rate	1.97%		—%		1.97%		—%
	Expected Life	7.0 years		0.0 years		7.0 years		0.0 years
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block]	'
	Group B awards will vest as follows, if the Company achieves the following performance goals during any successive trailing four quarters during the measurement period ending on March 31, 2017:
	Trailing 4 quarter EPS Target		Restricted Shares Eligible for Vesting (Percentage of Award)
	$13.00		25%
	$14.50		25%
	$16.00		25%
	$18.00		25%
	Group A awards will vest on April 30, 2015 based on the Company's achievement of the following performance goals as of March 31, 2015:
	EPS Target		Restricted Shares Eligible for Vesting (Percentage of Award)
	$10.29		100%
	$9.76		67%
	$9.26		33%
	$9.25 or less		0%
Summary schedule of stock option activity	'
	ption activity for the six months ended September 30, 2014 was as follows:
		Shares			Weighted Average Exercise				Weighted Average		Aggregate Intrinsic Value
					Price				Remaining
									Contractual Term
	Options outstanding, beginning of period	1,096,000			$	63.81
	Granted during period	3,000			79.57
	Exercised during period	(8,800	)		28.08
	Forfeited during period	(18,750	)		67.45
	Expired during period	(750	)		67.31
	Options outstanding, end of period	1,070,700			$	64.09			7.14		$	9,926,286
	Options exercisable, end of period	227,440			$	44.74			4.54		$	5,508,007
Intrinsic value of options exercised	'
	The total intrinsic value of options exercised during the periods ended September 30, 2014 and 2013 was as follows:
		September 30,				September 30,
		2014				2013
	Three months ended	$	241,819			$	1,107,812
	Six months ended	$	439,479			$	2,151,214
Shares vesting based on the compounded annual EPS growth	'
	Vesting Percentage		Compounded Annual EPS Growth
	100%		15% or higher
	67%		12% - 14.99%
	33%		10% - 11.99%
	0%		Below 10%
Summary of the status and changes restricted stock	'
	A summary of the status of the Company’s restricted stock as of September 30, 2014, and changes during the six months ended September 30, 2014, are presented below:
		Shares			Weighted Average Fair Value at Grant Date
	Outstanding at March 31, 2014	461,959			$	76.49
	Granted during the period	—			—
	Vested during the period	(5,223	)		67.7
	Forfeited during the period	(15,594	)		73.84
	Outstanding at September 30, 2014	441,142			$	76.69
Share-based compensation included as a component of net income	'
	Total share-based compensation included as a component of net income during the three and six months ended September 30, 2014 and 2013 was as follows:
		Three months ended September 30,							Six months ended September 30,
		2014				2013			2014				2013
	Share-based compensation related to equity classified awards:
	Share-based compensation related to stock options	$	2,000,396			2,643,855			$	3,893,217			5,139,768
	Share-based compensation related to restricted stock units	2,147,942				1,917,730			3,950,758				4,106,716
	Total share-based compensation related to equity classified awards	$	4,148,338			4,561,585			$	7,843,975			9,246,484

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	6 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Acquisition activity	'
	ACQUISITIONS
	The Company evaluates each acquisition to determine if the acquired enterprise meets the definition of a business.  Those acquired enterprises that meet the definition of a business are accounted for as a business combination under FASB ASC Topic 805-10 and all other acquisitions are accounted for as asset purchases.  All acquisitions have been from independent third parties.
	The following table sets forth the acquisition activity of the Company for the six months ended September 30, 2014 and 2013:
		2014		2013
	Number of business combinations	—		1
	Number of asset purchases	2		5
	Total acquisitions	2		6
	Purchase Price	$	1,000,875	993,500
	Tangible assets:
	Net loans	844,742		715,563
	Furniture, fixtures & equipment	—		1,500
		844,742		717,063
	Excess of purchase prices over carrying value of net tangible assets	$	156,133	276,437
	Customer lists	146,133		175,598
	Non-compete agreements	10,000		30,000
	Goodwill	—		70,839
	Total intangible assets	$	156,133	276,437
	When the acquisition results in a new office, the Company records the transaction as a business combination, since the office acquired will continue to generate loans. The Company typically retains the existing employees and the office location.  The purchase price is allocated to the estimated fair value of the tangible assets acquired and to the estimated fair value of the identified intangible assets acquired (generally non-compete agreements and customer lists).  The remainder is allocated to goodwill.  During the six months ended September 30, 2014, no acquisitions were recorded as a business combination.
	When the acquisition is of a portfolio of loans only, the Company records the transaction as an asset purchase. In an asset purchase, no goodwill is recorded.  The purchase price is allocated to the estimated fair value of the tangible and intangible assets acquired.  There were two acquisitions recorded as asset acquisitions during the six months ended September 30, 2014.
	The Company’s acquisitions include tangible assets (generally loans and furniture and equipment) and intangible assets (generally non-compete agreements, customer lists, and goodwill), both of which are recorded at their fair values, which are estimated pursuant to the processes described below.
	Acquired loans are valued at the net loan balance.  Given the short-term nature of these loans, generally eight months, and that these loans are priced at current rates, management believes the net loan balances approximate their fair value.
	Furniture and equipment are valued at the specific purchase price as agreed to by both parties at the time of acquisition, which management believes approximates their fair values.
	Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates the fair value. The fair value of the customer lists is based on a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists.  In a business combination the remaining excess of the purchase price over the fair value of the tangible assets, customer list, and non-compete agreements is allocated to goodwill.  The offices the Company acquires are small privately owned offices, which do not have sufficient historical data to determine attrition.  The Company believes that the customers acquired have the same characteristics and perform similarly to its customers.  Therefore, the Company utilized the attrition patterns of its customers when developing the method.  This method is re-evaluated periodically.
	Customer lists are allocated at an office level and are evaluated for impairment at an office level when a triggering event occurs, in accordance with FASB ASC Topic 360-10-5.  If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance.  In most acquisitions, the original fair value of the customer list allocated to an office is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial.
	The results of all acquisitions have been included in the Company’s consolidated financial statements since the respective acquisition dates.  The pro forma impact of these purchases as though they had been acquired at the beginning of the periods presented would not have a material effect on the consolidated results of operations as reported.
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'
	The following table sets forth the acquisition activity of the Company for the six months ended September 30, 2014 and 2013:
		2014		2013
	Number of business combinations	—		1
	Number of asset purchases	2		5
	Total acquisitions	2		6
	Purchase Price	$	1,000,875	993,500
	Tangible assets:
	Net loans	844,742		715,563
	Furniture, fixtures & equipment	—		1,500
		844,742		717,063
	Excess of purchase prices over carrying value of net tangible assets	$	156,133	276,437
	Customer lists	146,133		175,598
	Non-compete agreements	10,000		30,000
	Goodwill	—		70,839
	Total intangible assets	$	156,133	276,437

FAIR_VALUE_Details

FAIR VALUE (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Senior notes payable	$559,700,000	$505,500,000
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Cash and Cash Equivalents, Fair Value Disclosure	14,631,616	19,569,683
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Cash and Cash Equivalents, Fair Value Disclosure	14,631,616	19,569,683
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Receivables, Fair Value Disclosure	790,427,790	750,664,875
Long-term Line of Credit	559,700,000	505,500,000
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Receivables, Fair Value Disclosure	790,427,790	750,664,875
Long-term Line of Credit	$559,700,000	$505,500,000

ALLOWANCE_FOR_LOAN_LOSSES_Deta

ALLOWANCE FOR LOAN LOSSES (Details) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2014
Allowance for Loan Losses [Roll Forward]	'	'	'	'	'
Balance at beginning of period	$67,885,227	$61,630,967	$63,254,940	$59,980,842	'
Provision for loan losses	36,160,733	38,187,649	67,053,998	66,890,842	'
Loan losses	-25,411,876	-35,261,797	-55,232,423	-65,375,871	'
Recoveries	3,514,172	3,135,796	7,026,970	6,447,978	'
Translation adjustment	-330,678	-84,610	-285,907	-335,786	'
Balance at end of period	81,817,578	67,608,005	81,817,578	67,608,005	'
Summary of loans individually and collectively evaluated for impairment [Abstract]	'	'	'	'	'
Bankruptcy, gross loans	6,721,814	6,437,259	6,721,814	6,437,259	5,878,825
91 days or more delinquent, excluding bankruptcy	52,590,391	28,646,649	52,590,391	28,646,649	28,186,637
Loans less than 91 days delinquent and not in bankruptcy	1,134,727,489	1,128,153,780	1,134,727,489	1,128,153,780	1,078,241,873
Loans and Leases Receivable, Gross, Carrying Amount, Consumer	1,194,039,694	1,163,237,688	1,194,039,694	1,163,237,688	1,112,307,335
Unearned interest and fees	321,794,326	320,980,101	321,794,326	320,980,101	298,387,520
Net loans	872,245,368	842,257,587	872,245,368	842,257,587	813,919,815
Allowance for loan losses	-81,817,578	-67,608,005	-81,817,578	-67,608,005	'
Loans receivable, net	790,427,790	774,649,582	790,427,790	774,649,582	750,664,875
Loans individually evaluated for impairment (impaired loans) [Member]	'	'	'	'	'
Allowance for Loan Losses [Roll Forward]	'	'	'	'	'
Balance at beginning of period	'	'	'	'	26,796,315
Balance at end of period	44,025,396	27,182,980	44,025,396	27,182,980	26,796,315
Summary of loans individually and collectively evaluated for impairment [Abstract]	'	'	'	'	'
Bankruptcy, gross loans	6,721,814	6,437,259	6,721,814	6,437,259	5,878,825
91 days or more delinquent, excluding bankruptcy	52,590,391	28,646,649	52,590,391	28,646,649	28,186,637
Loans less than 91 days delinquent and not in bankruptcy	0	0	0	0	0
Loans and Leases Receivable, Gross, Carrying Amount, Consumer	59,312,205	35,083,908	59,312,205	35,083,908	34,065,462
Unearned interest and fees	15,286,809	7,900,928	15,286,809	7,900,928	7,269,147
Net loans	44,025,396	27,182,980	44,025,396	27,182,980	26,796,315
Allowance for loan losses	-44,025,396	-27,182,980	-44,025,396	-27,182,980	-26,796,315
Loans receivable, net	0	0	0	0	0
Loans collectively evaluated for impairment [Member]	'	'	'	'	'
Allowance for Loan Losses [Roll Forward]	'	'	'	'	'
Balance at beginning of period	'	'	'	'	36,458,625
Balance at end of period	37,792,182	40,425,025	37,792,182	40,425,025	36,458,625
Summary of loans individually and collectively evaluated for impairment [Abstract]	'	'	'	'	'
Bankruptcy, gross loans	0	0	0	0	0
91 days or more delinquent, excluding bankruptcy	0	0	0	0	0
Loans less than 91 days delinquent and not in bankruptcy	1,134,727,489	1,128,153,780	1,134,727,489	1,128,153,780	1,078,241,873
Loans and Leases Receivable, Gross, Carrying Amount, Consumer	1,134,727,489	1,128,153,780	1,134,727,489	1,128,153,780	1,078,241,873
Unearned interest and fees	306,507,517	313,079,173	306,507,517	313,079,173	291,118,373
Net loans	828,219,972	815,074,607	828,219,972	815,074,607	787,123,500
Allowance for loan losses	-37,792,182	-40,425,025	-37,792,182	-40,425,025	-36,458,625
Loans receivable, net	$790,427,790	$774,649,582	$790,427,790	$774,649,582	$750,664,875

ALLOWANCE_FOR_LOAN_LOSSES_Asse

ALLOWANCE FOR LOAN LOSSES (Assessment of Credit Quality) (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	$1,194,039,694	$1,112,307,335	$1,163,237,688
Gross loans balance	83,056,704	59,270,262	61,568,393
New borrower [Member]	'	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	163,470,487	151,025,603	143,398,274
Former borrower [Member]	'	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	129,562,132	102,514,264	113,787,457
Refinance [Member]	'	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	874,894,469	835,859,734	882,881,124
Delinquent refinance [Member]	'	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	26,112,606	22,907,734	23,170,833
Consumer loans- non-bankrupt accounts [Member]	'	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	1,187,317,880	1,106,428,510	1,156,800,429
Consumer loans- bankrupt accounts [Member]	'	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	6,721,814	5,878,825	6,437,259
Performing Financing Receivable [Member]	'	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'	'
Gross loan balance	$1,110,982,990	$1,053,037,073	$1,101,669,295

ALLOWANCE_FOR_LOAN_LOSSES_Summ

ALLOWANCE FOR LOAN LOSSES (Summary of Past Due Receivables) (Details) (Contractual basis [Member], USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
Contractual basis [Member]	'	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'	'
30-60 days past due	$52,502,067	$37,713,414	$46,063,021
61-90 days past due	29,757,397	30,607,515	32,552,615
91 days or more past due	53,299,307	28,662,747	29,015,778
Financing Receivable, Recorded Investment, Past Due	$135,558,771	$96,983,676	$107,631,414
Percentage of period end gross loans receivable	11.40%	8.70%	9.30%

AVERAGE_SHARE_INFORMATION_Deta

AVERAGE SHARE INFORMATION (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2014
Summary of basic and diluted average common shares outstanding	'	'	'	'	'
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	175,312	229,491	165,933	234,946	'
Net income (numerator)	$21,273,341	$21,565,269	$43,828,677	$44,676,970	$106,607,932
Basic	$2.34	$1.95	$4.70	$3.97	'
Diluted	$2.30	$1.91	$4.62	$3.88	'
Basic:	'	'	'	'	'
Weighted average common shares outstanding (in shares)	9,087,825	11,082,741	9,316,709	11,265,575	'
Diluted:	'	'	'	'	'
Weighted average common shares outstanding (in shares)	9,087,825	11,082,741	9,316,709	11,265,575	'
Weighted average diluted shares outstanding (in shares)	9,263,137	11,312,232	9,482,642	11,500,521	'
Antidilutive options excluded from computation of diluted earnings per share (in shares)	469,453	347,834	573,784	556,010	'
Scenario, Previously Reported [Member]	'	'	'	'	'
Summary of basic and diluted average common shares outstanding	'	'	'	'	'
Basic	'	$0	'	$0	$0
Diluted	'	$0	'	$0	$0
Basic:	'	'	'	'	'
Weighted average common shares outstanding (in shares)	'	11,629,326	'	11,814,675	11,391,706
Diluted:	'	'	'	'	'
Weighted average common shares outstanding (in shares)	'	11,629,326	'	11,814,675	11,391,706
Dilutive potential common shares stock options	'	350,613	'	345,084	349,599
Weighted average diluted shares outstanding (in shares)	'	11,979,939	'	12,159,759	11,741,305
Scenario, Actual [Member]	'	'	'	'	'
Summary of basic and diluted average common shares outstanding	'	'	'	'	'
Basic	'	$0	'	$0	$0
Diluted	'	$0	'	$0	$0
Basic:	'	'	'	'	'
Weighted average common shares outstanding (in shares)	'	11,082,741	'	11,265,575	10,876,557
Diluted:	'	'	'	'	'
Weighted average common shares outstanding (in shares)	'	11,082,741	'	11,265,575	10,876,557
Dilutive potential common shares stock options	'	229,491	'	234,946	229,153
Weighted average diluted shares outstanding (in shares)	'	11,312,232	'	11,500,521	11,105,710

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Mar. 31, 2014

Sep. 30, 2014

Mar. 31, 2014

Mar. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Mar. 31, 2014

Mar. 31, 2013

Nov. 30, 2011

Nov. 30, 2010

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Nov. 07, 2011

Nov. 07, 2011

Nov. 07, 2011

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Group B Performance Award [Member]

Group B Performance Award [Member]

Group B Performance Award [Member]

Stock Options Plans [Member]

Stock Options Plans [Member]

Stock Options Plans [Member]

Stock Options Plans [Member]

Group A Performance Award [Member]

Group A Performance Award [Member]

Group A Performance Award [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Equity Securities [Member]

Equity Securities [Member]

Equity Securities [Member]

Equity Securities [Member]

Performance Shares [Member]

Maximum [Member]

15% or higher [Member]

12% - 14.99% [Member]

10% - 11.99% [Member]

Below 10% [Member]

Vesting Percentage 100% [Member]

Vesting Percentage 100% [Member]

Vesting Percentage 67% [Member]

Vesting Percentage 67% [Member]

Vesting Percentage 33% [Member]

Vesting Percentage 33% [Member]

Vesting Percentage 0% [Member]

Vesting Percentage 0% [Member]

Service Based Award [Member]

Service Based Award [Member]

Performance Based Awards [Member]

Performance Based Awards [Member]

Performance Based Awards [Member]

EPS Target [Member]

EPS Target [Member]

EPS Target [Member]

EPS Target [Member]

Trailing Four Quarter EPS Target [Member]

Trailing Four Quarter EPS Target [Member]

Trailing Four Quarter EPS Target [Member]

Trailing Four Quarter EPS Target [Member]

Stock Options Plans [Member]

Officers [Member]

Executive Officers [Member]

Executive Officers [Member]

Executive Officers [Member]

Executive Officers [Member]

$10.29 EPS [Member]

$9.76 EPS [Member]

$9.26 EPS [Member]

Below $9.26 EPS [Member]

$13.00 [Member]

$14.50 [Member]

$16.00 [Member]

$18.00 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

0.00%

0.00%

0.00%

0.00%

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Stock Issued During Period, Shares, Share-based Compensation, Gross

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56,660

443,700

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8,590

70,800

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Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

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373,360

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60,390

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Stock Option Plans [Abstract]

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Shares of authorized common stock reserved for issuance (in shares)

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4,100,000

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4,100,000

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

Vesting period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

Number of shares available for grant (in shares)

'

'

'

'

'

'

'

'

377,793

'

377,793

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted-average fair value at the grant date

$43.93

$0

$43.93

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options Activity [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options outstanding, beginning of year (in shares)

'

'

'

'

'

'

'

'

'

'

1,096,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

'

'

'

'

'

'

'

'

'

3,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercised (in shares)

'

'

-8,800

'

-265,365

'

'

'

'

'

-8,800

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forfeited (in shares)

'

'

'

'

'

'

'

'

'

'

-18,750

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expired (in shares)

'

'

'

'

'

'

'

'

'

'

-750

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options outstanding, end of period (in shares)

'

'

'

'

'

'

'

'

1,070,700

'

1,070,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options exercisable, end of period (in shares)

'

'

'

'

'

'

'

'

227,440

'

227,440

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Exercise Price [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options outstanding, beginning of year (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$63.81

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$79.57

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercised (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$28.08

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forfeited (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$67.45

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expired (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$67.31

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options outstanding, end of period (in dollars per share)

'

'

'

'

'

'

'

'

$64.09

'

$64.09

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options exercisable, end of period (in dollars per share)

'

'

'

'

'

'

'

'

$44.74

'

$44.74

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Option Activity Additional Disclosures [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted-average remaining contractual term, Options outstanding, end of period

'

'

'

'

'

'

'

'

'

'

'7 years 1 month 21 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted-average remaining contractual terms, Options exercisable, end of period

'

'

'

'

'

'

'

'

'

'

'4 years 6 months 15 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate intrinsic value, Options outstanding, end of period

'

'

'

'

'

'

'

'

$9,926,286

'

$9,926,286

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate intrinsic value, Options exercisable, end of period

'

'

'

'

'

'

'

'

5,508,007

'

5,508,007

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Intrinsic value of options exercised

'

'

'

'

'

'

'

'

241,819

1,107,812

439,479

2,151,214

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compensation Cost Not yet Recognized [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total unrecognized stock-based compensation expense related to non-vested stock options

'

'

'

'

'

'

'

'

16,500,000

'

16,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average period for recognition

'

'

'

'

'

'

'

'

'

'

'3 years 1 month 6 days

'

'

'

'

'

'

'

'

'2 years 1 month 21 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted Stock [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Awards granted (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Grant date fair value (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$67.70

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ratio of restricted stock vesting immediately (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33.33%

33.33%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ratio of restricted stock vesting after year one (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33.33%

33.33%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ratio of restricted stock vesting after year two (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33.33%

33.33%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vesting Percentage (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

67.00%

33.00%

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

67.00%

33.00%

0.00%

25.00%

25.00%

25.00%

25.00%

'

'

'

'

'

'

EPS Target

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.29

9.76

9.26

9.25

13

14.5

16

18

'

'

'

'

'

'

Compounded Annual EPS Growth, Minimum (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

15.00%

12.00%

12.00%

10.00%

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compounded Annual EPS Growth, Maximum (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14.99%

14.99%

11.99%

11.99%

10.00%

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,100,000

'

14,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average period for recognition

'

'

'

'

'

'

'

'

'

'

'3 years 1 month 6 days

'

'

'

'

'

'

'

'

'2 years 1 month 21 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation cost related to unvested restricted stock awards granted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,700,000

'

Summary of the status and changes in restricted stock [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at March 31, 2012 (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

461,959

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Awards granted (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24,200

15,077

11,139

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested during the period, net of cancellations (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-5,223

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-5,223

-3,249

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at June 30, 2012 (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

441,142

'

441,142

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at March 31, 2012 (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$76.49

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Grant date fair value (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$67.70

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested during the period, net of cancellations (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$67.70

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled during the period (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$73.84

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, Restricted Stock Award, Forfeited

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-15,594

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at June 30, 2012 (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$76.69

'

$76.69

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compensation related to stock option and restricted stock plans

'

'

$7,713,731

$8,774,815

'

'

'

'

$2,000,396

$2,643,855

$3,893,217

$5,139,768

'

'

'

'

'

$2,147,942

$1,917,730

$3,950,758

$4,106,716

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$4,148,338

$4,561,585

$7,843,975

$9,246,484

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate

53.34%

0.00%

53.34%

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

1.97%

0.00%

1.97%

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

'6 years 11 months 26 days

'0 days

'6 years 11 months 26 days

'0 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

ACQUISITIONS_Details

ACQUISITIONS (Details) (USD $)	6 Months Ended
	Sep. 30, 2014	Mar. 31, 2014
	asset_purchase	business_combination
	acquisition	asset_purchase
	business_combination	acquisition
Business Acquisition [Line Items]	'	'
Number of offices purchased	0	1
Merged into existing offices	2	5
Total acquisitions	2	6
Loans and Leases Receivable, Average Loan Period	'8 months	'
Original fair value of customer list for an office acquisition, description	'less than $100,000	'
Series of Business Acquisitions [Member]	'	'
Business Acquisition [Line Items]	'	'
Purchase Price	1,000,875	993,500
Business Combination, Acquired Receivables, Fair Value	844,742	715,563
Furniture, fixtures & equipment	0	1,500
Total tangible assets	844,742	717,063
Intangible Assets, Net (Including Goodwill)	156,133	276,437
Finite-Lived Customer Lists, Gross	146,133	175,598
Finite-Lived Noncompete Agreements, Gross	10,000	30,000
Goodwill, Fair Value Disclosure	0	70,839

DEBT_Details

DEBT (Details) (USD $)	6 Months Ended
	Sep. 30, 2014	Mar. 31, 2014
Line of Credit Facility [Line Items]	'	'
Letters of Credit Outstanding, Amount	$380,000	'
Revolving Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Maximum borrowing capacity	680,000,000	'
Amount outstanding	559,700,000	'
Reference rate	'LIBOR	'
Basis spread on variable rate (in hundredths)	3.00%	'
Debt instrument interest rate, minimum (in hundredths)	4.00%	'
Debt instrument effective interest rate (in hundredths)	4.30%	4.40%
Unused amount available	60,400,000	'
Line Of Credit Facility Additional Remaining Borrowing Capacity	$59,500,000	'
Commitment fee percentage (in hundredths)	0.40%	'
Expiration date	19-Nov-15	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	6 Months Ended
	Sep. 30, 2014	Mar. 31, 2014
	foreign_subsidiary
Income Tax Contingency [Line Items]	'	'
Number of foreign subsidiaries required to be assessed	2	'
Total gross unrecognized tax benefits including interest	$7,500,000	$6,400,000
Unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate	5,500,000	4,600,000
Gross unrecognized tax benefits expected to be resolved during the next 12 months through settlements with taxing authorities or the expiration of the statute of limitations	4,500,000	'
Accrued gross interest	852,000	'
Current period gross interest expense	237,000	'
Servicios World Acceptance Corporation de Mexico, S. de R.L. de C.V. [Member]	'	'
Income Tax Contingency [Line Items]	'	'
Cumulative undistributed net earnings permanently reinvested in Mexican foreign subsidiaries	1,600,000	'
WAC de Mexico, S.A. de C.V., SOFOM ENR [Member]	'	'
Income Tax Contingency [Line Items]	'	'
Cumulative undistributed net earnings permanently reinvested in Mexican foreign subsidiaries	$16,000,000	'