World Acceptance (WRLD) 10-Q 8 Aug 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2017	Aug. 01, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	WORLD ACCEPTANCE CORP
Entity Central Index Key	108,385
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	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,818,750
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
ASSETS
Cash and cash equivalents	$ 14,542,511	$ 15,200,410
Loans and Leases Receivable, Gross	1,110,371,985	1,059,804,132
Less:
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	312,785,512	291,908,651
Unearned interest, insurance and fees	(312,785,512)	(291,908,651)
Allowance for loan losses	(76,526,248)	(72,194,892)
Loans receivable, net	721,060,225	695,700,589
Property and equipment, net	24,400,625	24,184,207
Deferred income taxes	40,272,046	39,025,069
Other assets, net	13,471,542	13,797,098
Goodwill	8,432,463	6,067,220
Intangible assets, net	4,584,458	6,614,182
Total assets	826,763,870	800,588,775
Liabilities:
Senior notes payable	300,550,000	295,136,200
Income taxes payable	15,008,259	12,519,417
Accounts payable and accrued expenses	32,743,097	31,869,581
Total liabilities	348,301,356	339,525,198
Commitments and contingencies	0	0
Shareholders' equity:
Preferred stock, no par value	0	0
Common stock, no par value	0	0
Additional paid-in capital	153,113,397	144,241,105
Retained earnings	350,653,373	344,605,347
Accumulated other comprehensive loss	(25,304,256)	(27,782,875)
Total shareholders' equity	478,462,514	461,063,577
Total liabilities and shareholders' equity	$ 826,763,870	$ 800,588,775

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2017	Mar. 31, 2017
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)	8,816,250	8,782,949
Common stock, shares outstanding (in shares)	8,816,250	8,782,949

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Interest and fee income	$ 115,638,541	$ 114,044,807
Insurance commissions and other income	13,270,882	13,035,289
Total revenues	128,909,423	127,080,096
Expenses:
Provision for loan losses	30,840,058	32,014,277
General and administrative expenses:
Personnel	44,996,734	41,995,857
Occupancy and equipment	10,676,217	10,502,155
Advertising	4,923,822	2,351,145
Amortization of intangible assets	185,822	110,055
Other	12,134,494	7,989,293
Total general and administrative expenses	72,917,089	62,948,505
Interest expense	4,246,702	5,586,319
Total expenses	108,003,849	100,549,101
Income before income taxes	20,905,574	26,530,995
Income taxes	7,837,888	9,913,041
Net income	$ 13,067,686	$ 16,617,954
Net income per common share:
Basic (in dollars per share)	$ 1.50	$ 1.91
Diluted (in dollars per share)	$ 1.48	$ 1.89
Weighted average common shares outstanding:
Basic (in shares)	8,687,195	8,721,718
Diluted (in shares)	8,826,595	8,770,374

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net income	$ 13,067,686	$ 16,617,954
Foreign currency translation adjustments	2,478,619	(4,292,121)
Comprehensive income	$ 15,546,305	$ 12,325,833

CONSOLIDATED STATEMENTS OF SHAR

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, 2016	$ 391,901,581	$ 138,835,064	$ 276,000,862	$ (22,934,345)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	595,343	595,343
Stock Repurchased During Period, Value	4,995,809		4,995,809
Issuance of restricted common stock under stock option plan	1,320,036	1,320,036
Stock option expense	3,490,662	3,490,662
Other comprehensive income	(4,848,530)			(4,848,530)
Net income	73,600,294		73,600,294
Balances at Mar. 31, 2017	461,063,577	144,241,105	344,605,347	(27,782,875)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	5,334,886	5,334,886
Stock Repurchased and Retired During Period, Value			4,614,331
Issuance of restricted common stock under stock option plan	582,766	582,766
Stock option expense	549,311	549,311
Other comprehensive income	2,478,619			2,478,619
Net income	13,067,686		13,067,686
Balances at Jun. 30, 2017	478,462,514	$ 153,113,397	$ 350,653,373	$ (25,304,256)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ (2,405,329)

CONSOLIDATED STATEMENTS OF SHA7

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)	92,029	33,702
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 796,434
Proceeds from exercise of stock options, tax benefits		$ (565,162)
Common stock repurchases (in shares)	58,728	95,703
Adjustments Related to Tax Withholding for Share-based Compensation	$ 0	$ (284,221)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flow from operating activities:
Net income	$ 13,067,686	$ 16,617,954
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	185,822	110,055
Amortization of loan costs and discounts	238,963	703,721
Provision for loan losses	30,840,058	32,014,277
Depreciation	1,791,453	1,741,007
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	61,639	39,885
Deferred income tax benefit	(985,424)	(1,607,396)
Compensation related to stock option and restricted stock plans	1,132,077	553,526
Gain (Loss) on Sales of Consumer Loans	0	0
Change in accounts:
Other assets, net	2,579,191	1,355,205
Income taxes payable	2,449,633	10,190,089
Accounts payable and accrued expenses	(1,272,161)	(5,996,755)
Net cash provided by operating activities	50,088,937	55,721,568
Cash flows from investing activities:
Increase in loans receivable, net	(51,779,690)	(42,167,594)
Proceeds from Sale of Loans Receivable	0	0
Purchases of property and equipment	(2,015,900)	(1,390,712)
Proceeds from Sale of Property, Plant, and Equipment	70,752	172,027
Net cash used in investing activities	(56,555,425)	(43,386,279)
Cash flow from financing activities:
Borrowings from senior notes payable	61,343,800	55,875,000
Payments on senior notes payable	(55,930,000)	(70,200,000)
Proceeds from exercise of stock options	5,334,886	166,857
Payments of Loan Costs	(420,000)	0
Repurchase of common stock	(4,614,331)	0
Excess tax benefits from exercise of stock options	0	(171,069)
Net cash provided by financing activities	5,714,355	(14,329,212)
Increase in cash and cash equivalents	(657,899)	(2,253,249)
Effects of foreign currency fluctuations on cash	94,234	(259,326)
Cash and cash equivalents at beginning of period	15,200,410	12,377,024
Cash and cash equivalents at end of period	14,542,511	10,123,775
Interest Paid	3,883,860	4,944,649
Income Taxes Paid	6,375,281	1,501,419
Net assets acquired from acquisition primarily loans	(2,309,245)	0
Net Assets Acquired from Acquisition, Intangibles	$ (521,342)	$ 0

Segments Statement

Segments Statement - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Revenues	$ 128,909,423	$ 127,080,096
Provision for Loan and Lease Losses	30,840,058	32,014,277
General and Administrative Expense	72,917,089	62,948,505
Interest Expense	4,246,702	5,586,319
Income Tax Expense (Benefit)	7,837,888	9,913,041
Net Income (Loss) Attributable to Parent	13,067,686	16,617,954
Assets	826,763,870
MEXICO
Segment Reporting Information [Line Items]
Revenues	12,271,057	10,014,129
Provision for Loan and Lease Losses	3,130,431	3,095,783
General and Administrative Expense	6,708,903	5,842,121
Interest Expense	0	0
Income Tax Expense (Benefit)	572,492	429,929
Net Income (Loss) Attributable to Parent	1,859,231	646,296
Assets	74,698,544
UNITED STATES
Segment Reporting Information [Line Items]
Revenues	116,638,366	117,065,967
Provision for Loan and Lease Losses	27,709,627	28,918,494
General and Administrative Expense	66,208,186	57,106,384
Interest Expense	4,246,702	5,586,319
Income Tax Expense (Benefit)	7,265,396	9,483,112
Net Income (Loss) Attributable to Parent	11,208,455	$ 15,971,658
Assets	$ 752,065,326

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements of the Company at June 30, 2017 , and for the three months then 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 June 30, 2017 , and the results of operations and cash flows for the periods ended June 30, 2017 and 2016 , 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 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, 2017 , included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2017 , as filed with the SEC.

SUMMARY OF SIGNIFICANT POLICIES

SUMMARY OF SIGNIFICANT POLICIES	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT POLICIES	SUMMARY OF SIGNIFICANT POLICIES Nature of Operations The Company is a small-loan consumer finance company headquartered in Greenville, South Carolina that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. In U.S. branches, the Company offers income tax return preparation services to its loan customers and other individuals. Seasonality The Company's loan volume and corresponding loans receivable follow seasonal trends. The Company's highest loan demand generally occurs from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Loan volume and average balances remain relatively level during the remainder of the year. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results for the Company's third fiscal quarter are generally lower than in other quarters and operating results for its fourth fiscal quarter are generally higher than in other quarters. Recently Adopted Accounting Standards Improvements to Employee Share-Based Payment Accounting In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies the accounting for share-based payment transactions, income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public companies the amendments in this ASU became effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016. The Company adopted ASU No. 2016-09 as of April 1, 2017. Adoption of the guidance impacted the Company's accounting practices in the following ways: • The Company elected to account for forfeitures as they occur, and, in accordance with the modified retrospective approach specified in ASU 2016-09, the Company recorded a cumulative effect reclassification between retained earnings and additional paid-in capital as of the beginning of the adoption year of approximately $2.4 million . The reclassification was needed to reflect deferred tax expense incurred prior to adoption, which had historically been charged to additional paid-in capital, in retained earnings. • The Company will recognize all excess tax benefits and deficiencies as income tax benefit or expense, respectively, in the income statement. The Company will recognize excess tax benefits or shortfalls regardless of whether the transaction reduces taxes payable in the current period. The Company did not record a cumulative adjustment related to this guidance, which is consistent with the prospective approach specified in ASU 2016-09. • The Company will combine excess tax benefits from equity awards with other income tax cash flows and will classify such cash flows as an operating activity. The Company will classify cash paid when directly withholding shares for tax-withholding purposes as a financing activity. The Company will apply this guidance prospectively, as specified in ASU 2016-09. The adoption of this guidance did not have a significant impact on the Company's consolidated financial statements. Recently Issued Accounting Standards Not Yet Adopted Scope of Modification Accounting In May 2017, the FASB issued ASU No. 2017-09, Scope of Modification Accounting. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. According to ASU No. 2017-09 an entity should account for the effects of a modification unless all the following are met: 1. The fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified. 2. The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified. 3. The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The amendments in this Update are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. ASU No. 2017-04 eliminates Step 2 from the goodwill impairment test. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. ASU No. 2017-04 also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. Therefore, the same impairment assessment applies to all reporting units. The amendments in this Update are effective for public entities who are SEC filers for fiscal years beginning after December 15, 2018. Early adoption is permitted. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Clarifying the Definition of a Business In January 2017, the FASB issued ASU No. 2017-01, Clarifying the Definition of a Business. Current GAAP does not specify the minimum inputs and processes required for a "set" of assets and activities to meet the definition of a business. That lack of clarity led to broad interpretations of the definition of a business. The amendments in this Update provide a more robust framework to use in determining when a set of assets and activities is a business. For public business entities the amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Restricted Cash In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash. GAAP currently does not include specific guidance to address how to classify and present changes in restricted cash or restricted cash equivalents that occur when there are transfers between cash, cash equivalents, and restricted cash or restricted cash equivalents and when there are direct cash receipts into restricted cash or restricted cash equivalents or direct cash payments made from restricted cash or restricted cash equivalents. The amendments in this Update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this Update do not provide a definition of restricted cash or restricted cash equivalents. For public business entities the amendments are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. This prohibition on recognition is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP. The amendments in this Update eliminate the exception for an intra-entity transfer of an asset other than inventory. For public business entities the amendments are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments. The amendment addresses the following eight specific cash flow issues with the objective of reducing the existing diversity in practice: • Debt Prepayment or Debt Extinguishment Costs • Settlement of Zero-Coupon Debt Instruments or Other Debt Instruments with Coupon Interest Rates That Are Insignificant in Relation to the Effective Interest Rate of the Borrowing • Contingent Consideration Payments Made after a Business Combination • Proceeds from the Settlement of Insurance Claims • Proceeds from the Settlement of Corporate-Owned Life Insurance Policies, including Bank-Owned Life Insurance Policies • Distributions Received from Equity Method Investees • Beneficial Interests in Securitization Transactions • Separately Identifiable Cash Flows and Application of the Predominance Principle For public business entities the amendments are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses. The amendment seeks to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For public business entities the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. The adoption of this ASU could have a material impact on the provision for loan losses in the consolidated statements of operations and allowance for loan losses in the consolidated balance sheets. Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing In April 2016, the FASB issued ASU No. 2016-10, Identifying Performance Obligations and Licensing. The amendments clarify the following two aspects of Topic 606: (a) identifying performance obligations; and (b) the licensing implementation guidance. The amendments do not change the core principle of the guidance in Topic 606. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements in Topic 606. Public entities should apply the amendments for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. Early application for public entities is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Principal versus Agent Considerations (Reporting Revenue Gross versus Net) In March 2016, the FASB issued ASU 2016-08, Principal versus Agent Considerations, which clarifies the implementation of the guidance on principal versus agent considerations from ASU 2014-09, Revenue from Contracts with Customers. ASU 2016-08 does not change the core principle of the guidance in ASU 2014-09, but rather clarifies the distinction between principal versus agent considerations when implementing ASU 2014-09. As these are technical corrections and improvements only, the Company does not believe this ASU will have a material effect on its consolidated financial statements. Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The ASU will require lessees to recognize assets and liabilities on leases with terms greater than 12 months and to disclose information related to the amount, timing and uncertainty of cash flows arising from leases, including various qualitative and quantitative requirements. The amendments of this ASU become effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. We expect the standard to have an impact on our assets and liabilities for the addition of right-of-use assets and lease liabilities, but we do not expect it to have a material impact to our results of operations or liquidity. Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the FASB issued ASU 2016-01, which updates certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company beginning in its first quarter of 2019 and early adoption is not permitted. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. Revenue from Contracts with Customers In May 2014, the FASB issued 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. ASU No. 2014-09, as amended by ASU 2015-14 and ASU 2016-20, is effective for fiscal years, and interim periods, beginning after December 15, 2017, with early adoption permitted for annual reporting periods beginning after December 15, 2016. We are currently evaluating the impact the adoption of this guidance will have on our consolidated financial statements. We believe the adoption of this update will not have a material impact on our consolidated financial statements due to our interest and fees income not being in the scope of this update. 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	3 Months Ended
	Jun. 30, 2017
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 Company also considers its creditworthiness in its determination of fair value. The carrying amount and estimated fair values of the Company’s financial instruments summarized by level are as follows: June 30, 2017 March 31, 2017 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Level 1 inputs Cash and cash equivalents $ 14,542,511 $ 14,542,511 $ 15,200,410 $ 15,200,410 Level 3 inputs Loans receivable, net 721,060,225 721,060,225 695,700,589 695,700,589 LIABILITIES Level 3 inputs Senior notes payable 300,550,000 300,550,000 295,136,200 295,136,200 There were no significant assets or liabilities measured at fair value on a non-recurring basis as of June 30, 2017 or March 31, 2017 .

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The following is a summary of gross loans receivable as of: June 30, March 31, June 30, Small loans (U.S.) $ 662,747,809 630,802,614 669,679,726 Large loans (U.S.) 318,923,824 312,458,275 315,551,585 Sales finance loans (U.S.) (1) 26,049 54,247 783,520 Payroll deduct "Viva" loans (Mexico) 78,585,491 69,087,314 56,866,053 Traditional installment loans (Mexico) 50,088,812 47,401,682 44,621,298 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182 (1) The Company decided to wind down the World Class Buying Club program during the third quarter of fiscal 2015. As of March 31, 2015, the Company is no longer financing the purchase of products through the program; however, the Company will continue to service the outstanding retail installment sales contracts. The following is a summary of the changes in the allowance for loan losses for the periods indicated: Three months ended June 30, 2017 2016 Balance at beginning of period $ 72,194,892 69,565,804 Provision for loan losses 30,840,058 32,014,277 Loan losses (31,177,464 ) (32,694,842 ) Recoveries 4,208,634 3,722,398 Translation adjustment 460,128 (614,577 ) Balance at end of period $ 76,526,248 71,993,060 The following is a summary of loans individually and collectively evaluated for impairment for the period indicated: June 30, 2017 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,712,263 — 4,712,263 Gross loans contractually delinquent 55,434,126 — 55,434,126 Loans not contractually delinquent and not in bankruptcy — 1,050,225,596 1,050,225,596 Gross loan balance 60,146,389 1,050,225,596 1,110,371,985 Unearned interest and fees (15,137,719 ) (297,647,793 ) (312,785,512 ) Net loans 45,008,670 752,577,803 797,586,473 Allowance for loan losses (40,496,678 ) (36,029,570 ) (76,526,248 ) Loans, net of allowance for loan losses $ 4,511,992 716,548,233 721,060,225 March 31, 2017 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,903,728 — 4,903,728 Gross loans contractually delinquent 54,310,791 — 54,310,791 Loans not contractually delinquent and not in bankruptcy — 1,000,589,613 1,000,589,613 Gross loan balance 59,214,519 1,000,589,613 1,059,804,132 Unearned interest and fees (15,336,248 ) (276,572,403 ) (291,908,651 ) Net loans 43,878,271 724,017,210 767,895,481 Allowance for loan losses (39,182,951 ) (33,011,941 ) (72,194,892 ) Loans, net of allowance for loan losses $ 4,695,320 691,005,269 695,700,589 June 30, 2016 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,849,868 — 4,849,868 Gross loans contractually delinquent 46,926,272 — 46,926,272 Loans not contractually delinquent and not in bankruptcy — 1,035,726,042 1,035,726,042 Gross loan balance 51,776,140 1,035,726,042 1,087,502,182 Unearned interest and fees (12,655,577 ) (289,436,429 ) (302,092,006 ) Net loans 39,120,563 746,289,613 785,410,176 Allowance for loan losses (34,476,814 ) (37,516,246 ) (71,993,060 ) Loans, net of allowance for loan losses $ 4,643,749 708,773,367 713,417,116 The average net balance of impaired loans was $44.4 million and $38.7 million , respectively, for the three month periods ended June 30, 2017 , and 2016 . It is not practical to compute the amount of interest earned on impaired loans. The following is an assessment of the credit quality for the period indicated: June 30, March 31, June 30, Credit risk Consumer loans- non-bankrupt accounts $ 1,104,398,706 1,053,769,654 1,081,650,322 Consumer loans- bankrupt accounts 5,973,279 6,034,478 5,851,860 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,026,753,933 977,171,570 1,011,083,612 Contractual non-performing, 60 or more days delinquent (1) 83,618,052 82,632,562 76,418,570 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182 Credit risk profile based on customer type New borrower $ 172,300,783 168,656,845 137,421,921 Former borrower 124,325,111 108,100,688 121,314,533 Refinance 795,397,267 765,373,325 810,003,062 Delinquent refinance 18,348,824 17,673,274 18,762,666 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182 (1) Loans in non-accrual status. The following is a summary of the past due receivables as of: June 30, March 31, June 30, Contractual basis: 30-59 days past due $ 38,506,512 35,527,103 42,599,938 60-89 days past due 24,413,268 25,823,757 27,460,571 90 days or more past due 59,204,784 56,808,805 48,957,999 Total $ 122,124,564 118,159,665 119,018,508 Percentage of period-end gross loans receivable 11.0 % 11.1 % 10.9 %

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION	3 Months Ended
	Jun. 30, 2017
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 June 30, 2017 2016 Basic: Weighted average common shares outstanding (denominator) 8,687,195 8,721,718 Diluted: Weighted average common shares outstanding 8,687,195 8,721,718 Dilutive potential common shares stock options 139,400 48,656 Weighted average diluted shares outstanding (denominator) 8,826,595 8,770,374 Options to purchase 558,618 and 804,955 shares of common stock at various prices were outstanding during the three months ended June 30, 2017 and 2016 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Jun. 30, 2017
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 non-employee directors, officers, and key employees. Under these plans, a total of 4,100,000 shares of common stock have been authorized and 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 three to five years for officers, non-employee directors, and key employees, and are priced at the market value of the Company's common stock on the option's grant date. At June 30, 2017 , there were a total of 455,389 shares of common stock 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 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. The weighted-average fair value at the grant date for options issued during the three months ended June 30, 2017 and 2016 was $22.79 and $21.64 , respectively. Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended June 30, 2017 2016 Dividend Yield —% —% Expected Volatility 50.33% 56.18% Average risk-free rate 1.85% 1.37% Expected Life 5.0 years 5.9 years The expected stock price volatility is based on the historical volatility of the Company's common 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 three months ended June 30, 2017 was as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding, beginning of period 868,141 $ 67.33 Granted during period 1,020 50.32 Exercised during period (92,029 ) 57.97 Forfeited during period (5,710 ) 61.48 Expired during period (10,400 ) 78.86 Options outstanding, end of period 761,022 $ 68.33 6.3 years $ 7,560,490 Options exercisable, end of period 452,416 $ 71.43 5.5 years $ 3,149,591 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on June 30, 2017 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 June 30, 2017 . This amount will change as the market price of the common stock changes. The total intrinsic value of options exercised during the periods ended June 30, 2017 and 2016 was as follows: June 30, June 30, Three months ended $ 2,224,880 $ 87,477 As of June 30, 2017 , total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $4.5 million , which is expected to be recognized over a weighted-average period of approximately 1.7 years. Restricted Stock The Company has not granted any shares of restricted stock during fiscal 2018 . During fiscal 2017, the Company granted 74,490 shares of restricted stock (which are equity classified), to certain executive officers, with a grant date weighted average fair value of $51.15 per share. One-third of these awards will vest on each anniversary of the grant date over the next three years. During fiscal 2016, the Company granted 69,950 shares of restricted stock (which are equity classified), to certain executive officers, with a grant date weighted average fair value of $28.11 per share. One-third of these awards will vest on each anniversary of the grant date over the next three years. During fiscal 2014 and 2013 the Company granted 8,590 and 70,800 Group A performance based restricted stock awards to certain officers. Group A awards vested 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% Below $9.26 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 June 30, 2017 , no Group B awards remain unforfeited and outstanding. Group B awards would have vested as follows, if the Company achieved 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% During fiscal 2016 the Company determined that the earnings per share targets associated with the Group B stock awards were not achievable during the measurement period which ended on March 31, 2017. Subsequently, the Compensation and Stock Option Committee of the Board of Directors amended the awards allowing 25% of the Group B awards to vest for certain officers. The officers were required to forfeit their remaining Group B shares as a part of the amendment. FASB Topic ASC 718 defines a grant modification as a change in any of the terms or conditions of a stock-based compensation award to include accelerated vesting. The Company determined that since the Group B awards would not have otherwise vested pre-modification, the accelerated vesting qualified as a Type III modification. The Company released approximately $9.7 million of compensation expense, including $2.9 million related to the Type III modification, during the year ended March 31, 2016 associated with the Group B awards. 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 compensation expense of $0.6 million and $0.2 million for the three months ended June 30, 2017 and 2016 , respectively, which is included as a component of general and administrative expenses in the Company’s Consolidated Statements of Operations. As of June 30, 2017 , there was approximately $2.3 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 2.1 years based on current estimates. A summary of the status of the Company’s restricted stock as of June 30, 2017 , and changes during the three months ended June 30, 2017 , are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2017 111,361 $ 43.11 Granted during the period — — Vested during the period (816 ) 43.49 Forfeited during the period — — Outstanding at June 30, 2017 110,545 $ 43.11 Total share-based compensation included as a component of net income during the three -month periods ended June 30, 2017 and 2016 was as follows: Three months ended June 30, 2017 2016 Share-based compensation related to equity classified awards: Share-based compensation related to stock options 549,311 365,664 Share-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 582,766 187,862 Total share-based compensation related to equity classified awards 1,132,077 553,526

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS The Company evaluates each set of assets and activities it acquires to determine if the set meets the definition of a business according to FASB ASC Topic 805-10-55. Acquisitions meeting the definition of a business are accounted for as a business combination while all other acquisitions are accounted for as asset purchases. The following table sets forth the acquisition activity of the Company for the three months ended June 30, 2017 . Three months ended June 30, 2017 Acquisitions: Number of branches acquired through business combinations 2 Number of loan portfolios acquired through asset purchases 8 Total acquisitions 10 Purchase price $ 2,830,586 Tangible assets: Loans receivable, net 2,309,245 Property and equipment — Total tangible assets 2,309,245 Excess of purchase prices over carrying value of net tangible assets 521,341 Customer lists 471,341 Non-compete agreements 50,000 Goodwill — Total intangible assets $ 521,341 Acquisitions that are accounted for as business combinations typically result in one or more new branches. In such cases, the Company typically retains the existing employees and the branch location from the acquisition. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. The remainder is allocated to goodwill. During the three months ended June 30, 2017 the Company acquired 2 branches through one business combination, as described below. Acquisitions that are accounted for as asset purchases are typically limited to acquisitions of loan portfolios. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. In an asset purchase, no goodwill is recorded. During the three months ended June 30, 2017 , the Company acquired 8 loan portfolios though one asset purchase, as described below. 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. Customer lists are valued with a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs in accordance with FASB ASC Topic 360-10-05. 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. In a business combination, the remaining excess of the purchase price over the fair value of the tangible assets, customer lists, and non-compete agreements is allocated to goodwill. On May 8, 2017, the Company completed an acquisition of two branches and eight loan portfolios from Texan Credit Corporation. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. All acquired branches and loan portfolios are located in the state of Texas. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the two branches as a business combination and the acquisition of the eight loan portfolios as an asset purchase. In conjunction with the acquisition, the Company allocated the purchase price and intangible assets among the acquired branches (and destination branches in the case of loan portfolios) based on the fair values of their respective acquired assets. The Company recorded no goodwill in its accounting for this acquisition. On February 28, 2017, the Company completed an acquisition of fourteen branches from Mathes Management Enterprises, Inc. As of March 31, 2017 the accounting related to this acquisition was preliminary as allowed by FASB ASC Topic 805-10-25. During the three months ended June 30, 2017, the Company made an adjustment to the fair value of the customer lists and goodwill related to the purchase, which resulted in the Company's recording approximately $2.4 million of goodwill and a corresponding reduction of the amount previously allocated to customer lists. The final determination of the fair value of the goodwill and customer lists will be completed within the twelve month measurement period from the date of the acquisition as required by FASB ASC Topic 805-10-25. The results of all acquisitions have been included in the Company’s Consolidated Financial Statements since the respective acquisition date. The pro forma impact of these branches as though they had been acquired at the beginning of the periods presented would not have a material effect on the results of operations as reported.

DEBT

DEBT	3 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
DEBT	DEBT At June 30, 2017 the Company's notes payable consisted of a $480.0 million senior revolving credit facility with borrowings of $300.6 million outstanding and $550.0 thousand outstanding in standby letters of credit related to workers compensation. To the extent that the letters of credit are drawn upon, the disbursement will be funded by the credit facility. There are no amounts due related to the letters of credit as of June 30, 2017 , and they expire on December 31, 2017. The letters of credit are automatically extended for one year on the expiration date. Subject to a borrowing base formula, the Company may borrow at the rate of LIBOR plus 4.0% with a minimum rate of 5.0% . For the three months ended June 30, 2017 and fiscal year ended March 31, 2017 , the Company’s effective interest rate, including the commitment fee and amortization of debt issuance costs, was 5.6% and 5.8% , respectively, and the unused amount available under the revolver at June 30, 2017 was $178.9 million . The revolving credit facility has a commitment fee of 0.50% per annum on the unused portion of the commitment. Borrowings under the revolving credit facility mature on June 15, 2019 . Substantially all of the Company’s assets, excluding the assets of the Company's Mexican subsidiaries, are pledged as collateral for borrowings under the revolving credit agreement. The revolving credit agreement contains events of default including, without limitation, nonpayment of principal, interest or other obligations, violation of covenants, misrepresentation, cross-default to other debt, bankruptcy and other insolvency events, judgments, certain ERISA events, actual or asserted invalidity of loan documentation, invalidity of subordination provisions of subordinated debt, certain changes of control of the Company, and the occurrence of certain regulatory events (including the entry of any stay, order, judgment, ruling or similar event related to the Company’s or any of its subsidiaries’ originating, holding, pledging, collecting or enforcing its eligible finance receivables that is material to the Company or any subsidiary) which remains unvacated, undischarged, unbonded or unstayed by appeal or otherwise for a period of 60 days from the date of its entry and is reasonably likely to cause a material adverse change. If it is determined that a violation of the FCPA or other laws has occurred, as described in Note 10, such violation may give rise to an event of default under the revolving credit agreement if such violation were to have a material adverse effect on the Company’s business, operations, properties, assets, or condition (financial or otherwise) or if the amount of any settlement resulted in the Company failing to satisfy any financial covenants.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company is required to assess whether the earnings of its 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 June 30, 2017 , the Company has determined that approximately $1.9 million of cumulative undistributed net earnings of SWAC and approximately $26.5 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. At June 30, 2017 , there was an unrecognized deductible temporary difference in the amount of $11,565,678 related to investment in the Mexican subsidiaries. As of June 30, 2017 and March 31, 2017 , the Company had $9.0 million and $8.9 million , respectively, of total gross unrecognized tax benefits including interest. Approximately $7.3 million and $7.2 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 June 30, 2017 , approximately $4.4 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 June 30, 2017 , the Company had approximately $1.7 million accrued for gross interest, of which $102,994 was a current period-end expense for the three months ended June 30, 2017 . The Company is subject to U.S. and Mexican income taxes, as well as various other state and local jurisdictions. With the exception of a few states, 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 2013, although carryforward attributes that were generated prior to 2013 may still be adjusted upon examination by the taxing authorities if they either have been or will be used in a future period. The Company’s effective income tax rate increased to 37.5% for the quarter ended June 30, 2017 compared to 37.4% for the prior year quarter.

LITIGATION

LITIGATION	3 Months Ended
	Jun. 30, 2017
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 receipt of a Notice and Opportunity to Respond and Advise letter from the CFPB on August 7, 2015 and the Company’s responses thereto. Internal Investigation As previously disclosed, the Company is conducting an internal investigation of its operations in Mexico, focusing on the legality under the U.S. Foreign Corrupt Practices Act of 1977, as amended (“FCPA”), and certain local laws of certain payments related to loans, the maintenance of the Company’s books and records associated with such payments, and the treatment of compensation matters for certain employees. The internal investigation continues to address whether and to what extent improper payments, which may violate the FCPA and other local laws, were made approximately between 2010 and 2017 by or on behalf of WAC de Mexico to government officials in Mexico relating to loans made to unionized employees. The Company has voluntarily contacted the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Justice (“DOJ”) to advise both agencies that an internal investigation is underway and that the Company intends to cooperate with both agencies. The SEC has issued a formal order of investigation. A conclusion cannot be drawn at this time as to what potential remedies these agencies may seek. In addition, although management will seek to avoid disruption to its operations in Mexico, the Company cannot determine at this time the ultimate effect that the investigation or any remedial measures will have on such operations. If violations of the FCPA or other local laws occurred, the Company could be subject to fines, civil and criminal penalties, equitable remedies, including profit disgorgement and related interest, and injunctive relief. In addition, any disposition of these matters could adversely impact our ability to collect on outstanding loans and result in modifications to our business practices and compliance programs, including significant restructuring or curtailment of our operations in Mexico. Any disposition could also potentially require that a monitor be appointed to review future business practices with the goal of ensuring compliance with the FCPA and other applicable laws. The Company could also face fines, sanctions, and other penalties from authorities in Mexico, as well as third-party claims by shareholders and/or other stakeholders of the Company. In addition, disclosure of the investigation could adversely affect the Company’s reputation and its ability to obtain new business or retain existing business from its current clients and potential clients, to attract and retain employees, and to access the capital markets. If it is determined that a violation of the FCPA has occurred, such violation may give rise to an event of default under the Company’s credit agreement if such violation were to have a material adverse effect on the Company’s business, operations, properties, assets, or condition (financial or otherwise) or if the amount of any settlement resulted in the Company failing to satisfy any financial covenants. Additional potential FCPA violations or violations of other laws or regulations may be uncovered through the investigation. In June 2017, we held discussions with the DOJ and SEC regarding the potential resolution of this matter. The discussions with the government are at an early stage, and the Company is currently unable to assess whether the government will accept voluntary settlement terms that would be acceptable to the Company. In addition to the ultimate liability for disgorgement and related interest, the Company believes that it could be further liable for fines and penalties as part of any settlement. At this time, the Company is not able to reasonably estimate the amount of any fine or penalty that it may have to pay as a part of any possible settlement. Furthermore, the Company cannot currently assess the potential liability that might be incurred if a settlement is not reached and the government were to litigate the matter. As such, based on the information available at this time, any additional liability related to this matter is not reasonably estimable. The Company will continue to evaluate the amount of its liability pending final resolution of the investigation and any related settlement discussions with the government. Shareholder Complaints 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) (the "Edna Epstein Putative Class Action"), 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. Two amended complaints have been filed by the plaintiffs, and several other motions have been filed in the proceedings. The complaint, as currently amended, alleges that (i) 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 the above-referenced CID from the CFPB (ii) 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 and (iii) additional allegations regarding, among other things, the Company's receipt of a Notice and Opportunity to Respond and Advise letter from the CFPB on August 7, 2015. The complaint seeks class certification for a class consisting of all persons who purchased or otherwise acquired the Company's common stock between January 30, 2013 and August 10, 2015, unspecified monetary damages, costs and attorneys' fees. The Company denied that the claims had any merit and opposed certification of the proposed class. On June 7, 2017, during a court-ordered mediation, the parties reached an agreement in principle to settle the Edna Epstein Putative Class Action. The settlement will resolve the claims asserted against all defendants in the action. The terms agreed upon by the parties contemplate a settlement payment to the class of $16 million, all of which will be funded by the Company’s directors and officers (D&O) liability insurance carriers. The settlement is subject to formal documentation and court approval. Neither the Company nor any of its present or former officers have admitted any wrongdoing or liability in connection with the settlement. As previously disclosed, on July 15, 2015, a shareholder filed a putative derivative complaint, Irwin J. Lipton, et al. v. McLean, et al., in the United States District Court for the District of South Carolina (case number 6:15-cv-02796-MGL) (the “Lipton Derivative Action”), on behalf of the Company against certain of its current and former officers and directors. On September 21, 2015, another shareholder filed a putative derivative complaint, Paul Parshall, et al. v. McLean, et al., in the United States District Court for the District of South Carolina (case number 6:15-cv-03779-MGL) (the “Parshall Derivative Action”), asserting substantially similar claims on behalf of the Company against certain of its current and former officers and directors. On October 14, 2015, the Court entered an order consolidating the Lipton Derivative Action and the Parshall Derivative Action as In re World Acceptance Corp. Derivative Litigation (Lead Case No. 6:15-cv-02796-MGL). The plaintiffs subsequently filed an amended consolidated complaint, and the amended consolidated complaint alleges, among other things: (i) that the defendants breached their fiduciary duties by disseminating false and misleading information to the Company’s shareholders regarding the Company’s loan growth, loan renewals, allowances for loan losses, revenue sources, revenue growth, compliance with GAAP, and the sufficiency of the Company’s internal controls and accounting procedures; (ii) that the defendants breached their fiduciary duties by failing to ensure that the Company maintained adequate internal controls; (iii) that the defendants breached their fiduciary duties by failing to exercise prudent oversight and supervision of the Company’s officers and other employees to ensure conformity with all applicable laws and regulations; (iv) that the defendants were unjustly enriched as a result of the compensation they received while allegedly breaching their fiduciary duties owed to the Company; (v) that the defendants wasted corporate assets by paying excessive compensation to certain of the Company’s executive officers, awarding self-interested stock options to certain of the Company’s officers and directors, incurring legal liability and legal costs to defend the defendants’ unlawful actions, and authorizing the repurchase of Company stock at artificially inflated prices; (vi) that certain of the defendants breached their fiduciary duty to the Company by selling shares of the Company’s stock at artificially inflated prices while in the possession of material, nonpublic information regarding the Company’s financial condition; (vii) that the defendants violated Section 10(b) of the Securities Exchange Act of 1934 by making false and misleading statements regarding the Company’s practices regarding loan renewals, loan modifications, and accounting for loans; (viii) that the defendants violated Section 14(a) of the Securities Exchange Act of 1934 by failing to disclose alleged material facts in the Company’s 2014 and 2015 proxy statements; and (ix) allegations similar to those made in connection with the Edna Epstein Putative Class Action described above. The amended consolidated complaint seeks, among other things, unspecified monetary damages and an order directing the Company to take steps to reform and improve its corporate governance and internal procedures to comply with applicable laws and to protect the Company and its shareholders from future wrongdoing such as that described in the consolidated complaint. On February 28, 2017, the Court entered an order dismissing the derivative litigation. The plaintiffs filed a notice of appeal to the U.S. Court of Appeals for the Fourth Circuit on March 27, 2017. On June 14, 2017, following mediation, the parties reached an agreement in principle to settle the derivative litigation. The settlement will resolve the claims asserted against all defendants in the action. The settlement provides that the Company will adopt certain corporate governance practices and pay plaintiffs’ attorney’s fees and expenses in an amount approved by the court not to exceed $475,000, which fees and expenses will be funded by the Company’s directors and officers (D&O) liability insurance carriers. The settlement is subject to formal documentation and court approval. Neither the Company nor any of its present or former directors and officers have admitted any wrongdoing or liability in connection with the settlement. General 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.

Segments (Notes)

Segments (Notes)	3 Months Ended
	Jun. 30, 2017
Segment Reporting Information [Line Items]
Segment Reporting Disclosure [Text Block]	NOTE 11 – SEGMENTS At March 31, 2017 only the U.S. operating segment met one or more of the quantitative thresholds that trigger separately disclosed reporting as outlined in FASB Accounting Standards Codification 280, Segment Reporting. However, management believes separately disclosed information about the Mexico operating segment would be useful to readers of the financial statements. Therefore, the Company has two reportable segments, which are the U.S. and Mexico components. The following table presents operating results for the Company’s two reportable segments: Three months ended June 30, 2017 2016 Revenues: U.S. $ 116,638,366 117,065,967 Mexico 12,271,057 10,014,129 Consolidated revenues 128,909,423 127,080,096 Provision for loan losses: U.S. $ 27,709,627 28,918,494 Mexico 3,130,431 3,095,783 Consolidated provision for loan losses 30,840,058 32,014,277 General and administrative expenses: (1) U.S. $ 66,208,186 57,106,384 Mexico 6,708,903 5,842,121 Consolidated general and administrative expenses 72,917,089 62,948,505 Interest expense: (2) U.S. $ 4,246,702 5,586,319 Mexico — — Consolidated interest expense 4,246,702 5,586,319 Income tax expense: U.S. $ 7,265,396 9,483,112 Mexico 572,492 429,929 Consolidated income tax expense 7,837,888 9,913,041 Net income: U.S. $ 11,208,455 15,971,658 Mexico 1,859,231 646,296 Consolidated net income 13,067,686 16,617,954 (1) In accordance with transfer pricing agreements between the segments, the Mexico segment reimburses the U.S. segment for personnel-related and other administrative costs incurred by the U.S. segment for the benefit of the Mexico segment. For the three months ended June 30, 2017 and 2016 these charges totaled $0.3 million, and -$0.6 million ($0.5 million in charges net of approximately $1.1 million of expense reversal related to the retirement of the previous Senior Vice President of Mexico), respectively. (2) In accordance with the Company's revolving credit facility, substantially all of the Company’s assets, excluding the Company’s Mexico subsidiaries, are pledged as collateral. Any working capital contributions made by the U.S. segment to the Mexico segment are treated as contributions of capital. Therefore, the Mexico segment incurs no interest expense. The following table presents long-lived assets (other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets) for the Company’s two reportable segments: June 30, 2017 March 31, 2017 Total long-lived assets U.S. $ 20,948,200 20,724,777 Mexico 3,452,425 3,459,430 Consolidated total long-lived assets 24,400,625 24,184,207 The following table presents total assets for the Company’s two reportable segments: June 30, 2017 March 31, 2017 Total assets U.S. $ 752,065,326 730,985,558 Mexico 74,698,544 69,603,217 Consolidated total assets 826,763,870 800,588,775

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 12 – SUBSEQUENT EVENTS Management is not aware of any significant events occurring subsequent to the balance sheet date that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Jun. 30, 2017
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]	The carrying amount and estimated fair values of the Company’s financial instruments summarized by level are as follows: June 30, 2017 March 31, 2017 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Level 1 inputs Cash and cash equivalents $ 14,542,511 $ 14,542,511 $ 15,200,410 $ 15,200,410 Level 3 inputs Loans receivable, net 721,060,225 721,060,225 695,700,589 695,700,589 LIABILITIES Level 3 inputs Senior notes payable 300,550,000 300,550,000 295,136,200 295,136,200

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The following is a summary of gross loans receivable as of: June 30, March 31, June 30, Small loans (U.S.) $ 662,747,809 630,802,614 669,679,726 Large loans (U.S.) 318,923,824 312,458,275 315,551,585 Sales finance loans (U.S.) (1) 26,049 54,247 783,520 Payroll deduct "Viva" loans (Mexico) 78,585,491 69,087,314 56,866,053 Traditional installment loans (Mexico) 50,088,812 47,401,682 44,621,298 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182 (1) The Company decided to wind down the World Class Buying Club program during the third quarter of fiscal 2015. As of March 31, 2015, the Company is no longer financing the purchase of products through the program; however, the Company will continue to service the outstanding retail installment sales contracts.
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 June 30, 2017 2016 Balance at beginning of period $ 72,194,892 69,565,804 Provision for loan losses 30,840,058 32,014,277 Loan losses (31,177,464 ) (32,694,842 ) Recoveries 4,208,634 3,722,398 Translation adjustment 460,128 (614,577 ) Balance at end of period $ 76,526,248 71,993,060
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: June 30, 2017 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,712,263 — 4,712,263 Gross loans contractually delinquent 55,434,126 — 55,434,126 Loans not contractually delinquent and not in bankruptcy — 1,050,225,596 1,050,225,596 Gross loan balance 60,146,389 1,050,225,596 1,110,371,985 Unearned interest and fees (15,137,719 ) (297,647,793 ) (312,785,512 ) Net loans 45,008,670 752,577,803 797,586,473 Allowance for loan losses (40,496,678 ) (36,029,570 ) (76,526,248 ) Loans, net of allowance for loan losses $ 4,511,992 716,548,233 721,060,225 March 31, 2017 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,903,728 — 4,903,728 Gross loans contractually delinquent 54,310,791 — 54,310,791 Loans not contractually delinquent and not in bankruptcy — 1,000,589,613 1,000,589,613 Gross loan balance 59,214,519 1,000,589,613 1,059,804,132 Unearned interest and fees (15,336,248 ) (276,572,403 ) (291,908,651 ) Net loans 43,878,271 724,017,210 767,895,481 Allowance for loan losses (39,182,951 ) (33,011,941 ) (72,194,892 ) Loans, net of allowance for loan losses $ 4,695,320 691,005,269 695,700,589 June 30, 2016 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,849,868 — 4,849,868 Gross loans contractually delinquent 46,926,272 — 46,926,272 Loans not contractually delinquent and not in bankruptcy — 1,035,726,042 1,035,726,042 Gross loan balance 51,776,140 1,035,726,042 1,087,502,182 Unearned interest and fees (12,655,577 ) (289,436,429 ) (302,092,006 ) Net loans 39,120,563 746,289,613 785,410,176 Allowance for loan losses (34,476,814 ) (37,516,246 ) (71,993,060 ) Loans, net of allowance for loan losses $ 4,643,749 708,773,367 713,417,116
Assessment of the credit quality	The following is an assessment of the credit quality for the period indicated: June 30, March 31, June 30, Credit risk Consumer loans- non-bankrupt accounts $ 1,104,398,706 1,053,769,654 1,081,650,322 Consumer loans- bankrupt accounts 5,973,279 6,034,478 5,851,860 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,026,753,933 977,171,570 1,011,083,612 Contractual non-performing, 60 or more days delinquent (1) 83,618,052 82,632,562 76,418,570 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182 Credit risk profile based on customer type New borrower $ 172,300,783 168,656,845 137,421,921 Former borrower 124,325,111 108,100,688 121,314,533 Refinance 795,397,267 765,373,325 810,003,062 Delinquent refinance 18,348,824 17,673,274 18,762,666 Total gross loans $ 1,110,371,985 1,059,804,132 1,087,502,182
Summary of the past due receivables	The following is a summary of the past due receivables as of: June 30, March 31, June 30, Contractual basis: 30-59 days past due $ 38,506,512 35,527,103 42,599,938 60-89 days past due 24,413,268 25,823,757 27,460,571 90 days or more past due 59,204,784 56,808,805 48,957,999 Total $ 122,124,564 118,159,665 119,018,508 Percentage of period-end gross loans receivable 11.0 % 11.1 % 10.9 %

AVERAGE SHARE INFORMATION (Tabl

AVERAGE SHARE INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2017
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 June 30, 2017 2016 Basic: Weighted average common shares outstanding (denominator) 8,687,195 8,721,718 Diluted: Weighted average common shares outstanding 8,687,195 8,721,718 Dilutive potential common shares stock options 139,400 48,656 Weighted average diluted shares outstanding (denominator) 8,826,595 8,770,374

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]	Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended June 30, 2017 2016 Dividend Yield —% —% Expected Volatility 50.33% 56.18% Average risk-free rate 1.85% 1.37% Expected Life 5.0 years 5.9 years
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block]	Group A awards vested 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% Below $9.26 0% Group B awards would have vested as follows, if the Company achieved 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%
Summary schedule of stock option activity	ption activity for the three months ended June 30, 2017 was as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding, beginning of period 868,141 $ 67.33 Granted during period 1,020 50.32 Exercised during period (92,029 ) 57.97 Forfeited during period (5,710 ) 61.48 Expired during period (10,400 ) 78.86 Options outstanding, end of period 761,022 $ 68.33 6.3 years $ 7,560,490 Options exercisable, end of period 452,416 $ 71.43 5.5 years $ 3,149,591
Intrinsic value of options exercised	The total intrinsic value of options exercised during the periods ended June 30, 2017 and 2016 was as follows: June 30, June 30, Three months ended $ 2,224,880 $ 87,477
Summary of the status and changes restricted stock	A summary of the status of the Company’s restricted stock as of June 30, 2017 , and changes during the three months ended June 30, 2017 , are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2017 111,361 $ 43.11 Granted during the period — — Vested during the period (816 ) 43.49 Forfeited during the period — — Outstanding at June 30, 2017 110,545 $ 43.11
Share-based compensation included as a component of net income	Total share-based compensation included as a component of net income during the three -month periods ended June 30, 2017 and 2016 was as follows: Three months ended June 30, 2017 2016 Share-based compensation related to equity classified awards: Share-based compensation related to stock options 549,311 365,664 Share-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 582,766 187,862 Total share-based compensation related to equity classified awards 1,132,077 553,526

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Jun. 30, 2017
Business Acquisition [Line Items]
Acquisition activity	ACQUISITIONS The Company evaluates each set of assets and activities it acquires to determine if the set meets the definition of a business according to FASB ASC Topic 805-10-55. Acquisitions meeting the definition of a business are accounted for as a business combination while all other acquisitions are accounted for as asset purchases. The following table sets forth the acquisition activity of the Company for the three months ended June 30, 2017 . Three months ended June 30, 2017 Acquisitions: Number of branches acquired through business combinations 2 Number of loan portfolios acquired through asset purchases 8 Total acquisitions 10 Purchase price $ 2,830,586 Tangible assets: Loans receivable, net 2,309,245 Property and equipment — Total tangible assets 2,309,245 Excess of purchase prices over carrying value of net tangible assets 521,341 Customer lists 471,341 Non-compete agreements 50,000 Goodwill — Total intangible assets $ 521,341 Acquisitions that are accounted for as business combinations typically result in one or more new branches. In such cases, the Company typically retains the existing employees and the branch location from the acquisition. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. The remainder is allocated to goodwill. During the three months ended June 30, 2017 the Company acquired 2 branches through one business combination, as described below. Acquisitions that are accounted for as asset purchases are typically limited to acquisitions of loan portfolios. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. In an asset purchase, no goodwill is recorded. During the three months ended June 30, 2017 , the Company acquired 8 loan portfolios though one asset purchase, as described below. 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. Customer lists are valued with a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs in accordance with FASB ASC Topic 360-10-05. 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. In a business combination, the remaining excess of the purchase price over the fair value of the tangible assets, customer lists, and non-compete agreements is allocated to goodwill. On May 8, 2017, the Company completed an acquisition of two branches and eight loan portfolios from Texan Credit Corporation. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. All acquired branches and loan portfolios are located in the state of Texas. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the two branches as a business combination and the acquisition of the eight loan portfolios as an asset purchase. In conjunction with the acquisition, the Company allocated the purchase price and intangible assets among the acquired branches (and destination branches in the case of loan portfolios) based on the fair values of their respective acquired assets. The Company recorded no goodwill in its accounting for this acquisition. On February 28, 2017, the Company completed an acquisition of fourteen branches from Mathes Management Enterprises, Inc. As of March 31, 2017 the accounting related to this acquisition was preliminary as allowed by FASB ASC Topic 805-10-25. During the three months ended June 30, 2017, the Company made an adjustment to the fair value of the customer lists and goodwill related to the purchase, which resulted in the Company's recording approximately $2.4 million of goodwill and a corresponding reduction of the amount previously allocated to customer lists. The final determination of the fair value of the goodwill and customer lists will be completed within the twelve month measurement period from the date of the acquisition as required by FASB ASC Topic 805-10-25. The results of all acquisitions have been included in the Company’s Consolidated Financial Statements since the respective acquisition date. The pro forma impact of these branches as though they had been acquired at the beginning of the periods presented would not have a material effect on the 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 three months ended June 30, 2017 . Three months ended June 30, 2017 Acquisitions: Number of branches acquired through business combinations 2 Number of loan portfolios acquired through asset purchases 8 Total acquisitions 10 Purchase price $ 2,830,586 Tangible assets: Loans receivable, net 2,309,245 Property and equipment — Total tangible assets 2,309,245 Excess of purchase prices over carrying value of net tangible assets 521,341 Customer lists 471,341 Non-compete agreements 50,000 Goodwill — Total intangible assets $ 521,341

Segments Segment Operating Inco

Segments Segment Operating Income Table (Tables)	3 Months Ended
	Jun. 30, 2017
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	The following table presents operating results for the Company’s two reportable segments: Three months ended June 30, 2017 2016 Revenues: U.S. $ 116,638,366 117,065,967 Mexico 12,271,057 10,014,129 Consolidated revenues 128,909,423 127,080,096 Provision for loan losses: U.S. $ 27,709,627 28,918,494 Mexico 3,130,431 3,095,783 Consolidated provision for loan losses 30,840,058 32,014,277 General and administrative expenses: (1) U.S. $ 66,208,186 57,106,384 Mexico 6,708,903 5,842,121 Consolidated general and administrative expenses 72,917,089 62,948,505 Interest expense: (2) U.S. $ 4,246,702 5,586,319 Mexico — — Consolidated interest expense 4,246,702 5,586,319 Income tax expense: U.S. $ 7,265,396 9,483,112 Mexico 572,492 429,929 Consolidated income tax expense 7,837,888 9,913,041 Net income: U.S. $ 11,208,455 15,971,658 Mexico 1,859,231 646,296 Consolidated net income 13,067,686 16,617,954 (1) In accordance with transfer pricing agreements between the segments, the Mexico segment reimburses the U.S. segment for personnel-related and other administrative costs incurred by the U.S. segment for the benefit of the Mexico segment. For the three months ended June 30, 2017 and 2016 these charges totaled $0.3 million, and -$0.6 million ($0.5 million in charges net of approximately $1.1 million of expense reversal related to the retirement of the previous Senior Vice President of Mexico), respectively. (2) In accordance with the Company's revolving credit facility, substantially all of the Company’s assets, excluding the Company’s Mexico subsidiaries, are pledged as collateral. Any working capital contributions made by the U.S. segment to the Mexico segment are treated as contributions of capital. Therefore, the Mexico segment incurs no interest expense.

Segments Segment Long Lived Ass

Segments Segment Long Lived Assets (Tables)	3 Months Ended
	Jun. 30, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets by Geographic Areas [Table Text Block]	The following table presents long-lived assets (other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets) for the Company’s two reportable segments: June 30, 2017 March 31, 2017 Total long-lived assets U.S. $ 20,948,200 20,724,777 Mexico 3,452,425 3,459,430 Consolidated total long-lived assets 24,400,625 24,184,207

Segments Segment Assets (Tables

Segments Segment Assets (Tables)	3 Months Ended
	Jun. 30, 2017
Segment Reporting, Asset Reconciling Item [Line Items]
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	The following table presents total assets for the Company’s two reportable segments: June 30, 2017 March 31, 2017 Total assets U.S. $ 752,065,326 730,985,558 Mexico 74,698,544 69,603,217 Consolidated total assets 826,763,870 800,588,775

SUMMARY OF SIGNIFICANT POLICI30

SUMMARY OF SIGNIFICANT POLICIES Accounting Standards (Details)	Jun. 30, 2017USD ($)
Accounting Policies [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 2,405,329

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Loans and Leases Receivable, Average Loan Period	8 months
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	$ 300,550,000	$ 295,136,200
Reported Value Measurement [Member] | Senior notes payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	300,550,000	295,136,200
Estimate of Fair Value Measurement [Member] | Senior notes payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	300,550,000	295,136,200
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	14,542,511	15,200,410
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	14,542,511	15,200,410
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Receivables, Fair Value Disclosure	721,060,225	695,700,589
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	$ 721,060,225	$ 695,700,589

RECEIVABLES AND ALLOWANCE FOR L

RECEIVABLES AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 44,400,000	$ 38,700,000
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period	72,194,892	69,565,804
Provision for loan losses	30,840,058	32,014,277
Loan losses	(31,177,464)	(32,694,842)
Recoveries	4,208,634	3,722,398
Translation adjustment	460,128	(614,577)
Balance at end of period	76,526,248	71,993,060
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans			$ 4,712,263	$ 4,903,728	$ 4,849,868
91 days or more delinquent, excluding bankruptcy			55,434,126	54,310,791	46,926,272
Loans less than 91 days delinquent and not in bankruptcy			1,050,225,596	1,000,589,613	1,035,726,042
Loans and Leases Receivable, Gross			1,110,371,985	1,059,804,132	1,087,502,182
Unearned interest and fees			(312,785,512)	(291,908,651)	(302,092,006)
Net loans			797,586,473	767,895,481	785,410,176
Allowance for loan losses	(72,194,892)	(69,565,804)	(76,526,248)	(72,194,892)	(71,993,060)
Loans receivable, net			721,060,225	695,700,589	713,417,116
Loans individually evaluated for impairment (impaired loans) [Member]
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period	39,182,951
Balance at end of period	40,496,678	34,476,814
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans			4,712,263	4,903,728	4,849,868
91 days or more delinquent, excluding bankruptcy			55,434,126	54,310,791	46,926,272
Loans less than 91 days delinquent and not in bankruptcy			0	0	0
Loans and Leases Receivable, Gross			60,146,389	59,214,519	51,776,140
Unearned interest and fees			(15,137,719)	(15,336,248)	(12,655,577)
Net loans			45,008,670	43,878,271	39,120,563
Allowance for loan losses	(39,182,951)	(34,476,814)	(40,496,678)	(39,182,951)	(34,476,814)
Loans receivable, net			4,511,992	4,695,320	4,643,749
Loans collectively evaluated for impairment [Member]
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period	33,011,941
Balance at end of period	36,029,570	37,516,246
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans			0	0	0
91 days or more delinquent, excluding bankruptcy			0	0	0
Loans less than 91 days delinquent and not in bankruptcy			1,050,225,596	1,000,589,613	1,035,726,042
Loans and Leases Receivable, Gross			1,050,225,596	1,000,589,613	1,035,726,042
Unearned interest and fees			(297,647,793)	(276,572,403)	(289,436,429)
Net loans			752,577,803	724,017,210	746,289,613
Allowance for loan losses	$ (33,011,941)	$ (37,516,246)	(36,029,570)	(33,011,941)	(37,516,246)
Loans receivable, net			$ 716,548,233	$ 691,005,269	$ 708,773,367

ALLOWANCE FOR LOAN LOSSES (Asse

ALLOWANCE FOR LOAN LOSSES (Assessment of Credit Quality) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 44,400,000	$ 38,700,000
Gross loan balance	1,110,371,985	1,087,502,182	$ 1,059,804,132
Consumer loans- non-bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,104,398,706	1,081,650,322	1,053,769,654
Consumer loans- bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	5,973,279	5,851,860	6,034,478
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,026,753,933	1,011,083,612	977,171,570
Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	83,618,052	76,418,570	82,632,562
New borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	172,300,783	137,421,921
New borrower [Member] | New borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			168,656,845
Former borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	124,325,111	121,314,533
Former borrower [Member] | Former borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			108,100,688
Refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	795,397,267	810,003,062
Refinance [Member] | Refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			765,373,325
Delinquent refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	$ 18,348,824	$ 18,762,666
Delinquent refinance [Member] | Delinquent refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			$ 17,673,274

ALLOWANCE FOR LOAN LOSSES (Summ

ALLOWANCE FOR LOAN LOSSES (Summary of Past Due Receivables) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017	Mar. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans and Leases Receivable, Allowance	$ (76,526,248)	$ (71,993,060)	$ (72,194,892)	$ (69,565,804)
Financing Receivable, Bankruptcy	4,712,263	$ 4,849,868	4,903,728
Financing Receivable, Recorded Investment, Past Due	$ 122,124,564
Financing Receivable, Percent Past Due	11.00%	11.10%
Financing Receivables, Delinquent, excluding bankruptcy	$ 55,434,126	$ 46,926,272	54,310,791
Financing Receivables Less Than Ninety One Days Delinquent Excluding Bankruptcy	1,050,225,596	1,035,726,042	1,000,589,613
Loans and Leases Receivable, Gross	1,110,371,985	1,087,502,182	1,059,804,132
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	312,785,512	302,092,006	291,908,651
Loans and Leases Receivable, Net of Deferred Income	797,586,473	785,410,176	767,895,481
Loans and Leases Receivable, Net Amount	721,060,225	713,417,116	695,700,589
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	38,506,512		35,527,103
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	24,413,268	27,460,571	25,823,757
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 59,204,784	48,957,999	56,808,805
Contractual basis [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due		$ 119,018,508	$ 118,159,665
Financing Receivable, Percent Past Due		10.90%
Contractual basis [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due		$ 42,599,938

ALLOWANCE FOR LOAN LOSSES Finan

ALLOWANCE FOR LOAN LOSSES Financing Receivables (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 1,110,371,985	$ 1,059,804,132	$ 1,087,502,182
Small loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	662,747,809	630,802,614	669,679,726
Large loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	318,923,824	312,458,275	315,551,585
Sales finance loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	26,049	54,247	783,520
Payroll Deduct MX [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	78,585,491	69,087,314	56,866,053
Traditional Installment MX [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 50,088,812	$ 47,401,682	$ 44,621,298

AVERAGE SHARE INFORMATION (Deta

AVERAGE SHARE INFORMATION (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Basic:
Weighted average common shares outstanding (in shares)	8,687,195	8,721,718
Diluted:
Weighted average common shares outstanding (in shares)	8,687,195	8,721,718
Dilutive potential common shares stock options (in shares)	139,400	48,656
Weighted average diluted shares outstanding (in shares)	8,826,595	8,770,374
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	558,618	804,955
Net Income (Loss) Attributable to Parent	$ 13,067,686	$ 16,617,954	$ 73,600,294
Earnings Per Share, Basic	$ 1.50	$ 1.91
Earnings Per Share, Diluted	$ 1.48	$ 1.89

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	558,618	804,955
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	50.33%	56.18%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.85%	1.37%
Stock Option Plans [Abstract]
Number of shares available for grant (in shares)	455,389
Weighted-average fair value at the grant date	$ 22.79	$ 21.64
Options Activity [Roll Forward]
Exercised (in shares)	(92,029)	(33,702)
Restricted Stock [Abstract]
Grant date fair value (in dollars per share)	$ 51.15	$ 28.11
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Grant date fair value (in dollars per share)	$ 51.15	$ 28.11
Compensation related to stock option and restricted stock plans	$ 1,132,077	$ 553,526
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years	5 years 10 months 24 days
Group B Performance Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross			56,660	443,700
Stock Options Plans [Member]
Stock Option Plans [Abstract]
Shares of authorized common stock reserved for issuance (in shares)	4,100,000
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)	868,141
Granted (in shares)	1,020
Exercised (in shares)	(92,029)
Forfeited (in shares)	(5,710)
Expired (in shares)	(10,400)
Options outstanding, end of period (in shares)	761,022
Options exercisable, end of period (in shares)	452,416
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)	$ 67.33
Granted (in dollars per share)	50.32
Exercised (in dollars per share)	57.97
Forfeited (in dollars per share)	61.48
Expired (in dollars per share)	78.86
Options outstanding, end of period (in dollars per share)	68.33
Options exercisable, end of period (in dollars per share)	$ 71.43
Stock Option Activity Additional Disclosures [Abstract]
Weighted-average remaining contractual term, Options outstanding, end of period	6 years 3 months 15 days
Weighted-average remaining contractual terms, Options exercisable, end of period	5 years 6 months 7 days
Aggregate intrinsic value, Options outstanding, end of period	$ 7,560,490
Aggregate intrinsic value, Options exercisable, end of period	3,149,591
Intrinsic value of options exercised	2,224,880	$ 87,477
Compensation Cost Not yet Recognized [Abstract]
Total unrecognized stock-based compensation expense related to non-vested stock options	$ 4,500,000
Weighted average period for recognition	1 year 8 months 1 day
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition	1 year 8 months 1 day
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans	$ 549,311	$ 365,664
Group A Performance Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross			8,590	70,800
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross	74,490	69,950
Restricted Stock [Abstract]
Grant date fair value (in dollars per share)	$ 0
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options	$ 2,300,000
Summary of the status and changes in restricted stock [Roll Forward]
Outstanding at Beginning of Year (in shares)	111,361
Awards granted (in shares)	0
Vested during the period, net of cancellations (in shares)	(816)
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited	0
Outstanding at End of Period (in shares)	110,545
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at March 31, 2012 (in dollars per share)	$ 43.11
Grant date fair value (in dollars per share)	0
Vested during the period, net of cancellations (in dollars per share)	43.49
Cancelled during the period (in dollars per share)	0
Outstanding at June 30, 2012 (in dollars per share)	$ 43.11
Compensation related to stock option and restricted stock plans	$ 582,766
Restricted Stock [Member] | EPS Target [Member] | $10.29 EPS [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	100.00%
EPS Target	$ 10.29
Restricted Stock [Member] | EPS Target [Member] | $9.76 EPS [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	67.00%
EPS Target	$ 9.76
Restricted Stock [Member] | EPS Target [Member] | $9.26 EPS [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	33.00%
EPS Target	$ 9.26
Restricted Stock [Member] | EPS Target [Member] | Below $9.26 EPS [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	0.00%
EPS Target	$ 9.26
Restricted Stock [Member] | Trailing Four Quarter EPS Target [Member] | $13.00 [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	25.00%
EPS Target	$ 13
Restricted Stock [Member] | Trailing Four Quarter EPS Target [Member] | $14.50 [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	25.00%
EPS Target	$ 14.50
Restricted Stock [Member] | Trailing Four Quarter EPS Target [Member] | $16.00 [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	25.00%
EPS Target	$ 16
Restricted Stock [Member] | Trailing Four Quarter EPS Target [Member] | $18.00 [Member]
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Vesting Percentage (in hundredths)	25.00%
EPS Target	$ 18
Equity Securities [Member]
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans	$ 1,132,077	$ 553,526
Performance Shares [Member]
Compensation Cost Not yet Recognized [Abstract]
Weighted average period for recognition	2 years 1 month 13 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition	2 years 1 month 13 days
Maximum [Member] | Stock Options Plans [Member]
Stock Option Plans [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Vesting period	5 years
Minimum [Member] | Stock Options Plans [Member]
Stock Option Plans [Abstract]
Vesting period	3 years
Expense Reversal [Member] | Restricted Stock [Member]
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Pension and Other Postretirement Benefit Expense		$ 187,862

ACQUISITIONS (Details)

ACQUISITIONS (Details)	3 Months Ended
	Jun. 30, 2017USD ($)acquisition
Business Acquisition [Line Items]
Number of Businesses Acquired | acquisition	2
Number Of Offices Purchased and Merged into Existing Offices | acquisition	8
Total acquisitions | acquisition	10
Purchase Price	$ 2,830,586
Business Combination, Acquired Receivables, Fair Value	2,309,245
Intangible Assets, Net (Including Goodwill)	521,341
Furniture, fixtures & equipment	0
Total tangible assets	2,309,245
Finite-Lived Customer Lists, Gross	471,341
Finite-Lived Noncompete Agreements, Gross	50,000
Goodwill, Fair Value Disclosure	$ 0
Loans and Leases Receivable, Average Loan Period	8 months
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles	$ 2,400,000

DEBT (Details)

DEBT (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Mar. 31, 2017
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount	$ 550,000
Basis spread on variable rate (in hundredths)	4.00%
Debt Instrument, Interest Rate, Effective Percentage	5.64%	5.79%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 480,000,000
Amount outstanding	$ 300,600,000
Reference rate	LIBOR
Unused amount available	$ 178,900,000
Expiration date	Jun. 15, 2019
Base Rate [Member]
Line of Credit Facility [Line Items]
Reference rate	.05

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended
	Jun. 30, 2017USD ($)foreign_subsidiary	Jun. 30, 2016	Mar. 31, 2017USD ($)
Income Tax Contingency [Line Items]
Number of foreign subsidiaries required to be assessed | foreign_subsidiary	2
Cumulative undistributed net earnings permanently reinvested in Mexican foreign subsidiaries	$ 1,900,000
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	11,565,678
Total gross unrecognized tax benefits including interest	9,036,578		$ 8,906,880
Unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate	7,311,997		$ 7,223,668
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	4,380,661
Accrued gross interest	1,744,910
Current period gross interest expense	$ 102,994
Effective Income Tax Rate Reconciliation, Percent	37.50%	37.40%
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	$ 26,500,000

Segments Long-Lived Assets (Det

Segments Long-Lived Assets (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2017	Mar. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Disclosure on Geographic Areas, Long-Lived Assets	24,400,625	24,184,207
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Disclosure on Geographic Areas, Long-Lived Assets	20,948,200	20,724,777
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Disclosure on Geographic Areas, Long-Lived Assets	3,452,425	3,459,430