World Acceptance (WRLD) 10-Q 6 Feb 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2017	Feb. 01, 2018
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		9,081,230
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2017

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Dec. 31, 2017	Mar. 31, 2017
ASSETS
Cash and cash equivalents	$ 24,971,364	$ 15,200,410
Loans and Leases Receivable, Gross	1,229,304,362	1,059,804,132
Less:
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	341,926,224	291,908,651
Unearned interest, insurance and fees	(341,926,224)	(291,908,651)
Allowance for loan losses	(96,473,630)	(72,194,892)
Loans receivable, net	790,904,508	695,700,589
Property and equipment, net	24,972,580	24,184,207
Deferred income taxes	36,326,357	39,025,069
Other assets, net	15,089,779	13,797,098
Goodwill	7,034,463	6,067,220
Intangible assets, net	6,791,985	6,614,182
Total assets	906,091,036	800,588,775
Liabilities:
Senior notes payable	376,850,000	295,136,200
Income taxes payable	5,403,210	12,519,417
Accounts payable and accrued expenses	34,897,062	31,869,581
Total liabilities	417,150,272	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	157,872,907	144,241,105
Retained earnings	362,132,935	344,605,347
Accumulated other comprehensive loss	(31,065,078)	(27,782,875)
Total shareholders' equity	488,940,764	461,063,577
Total liabilities and shareholders' equity	$ 906,091,036	$ 800,588,775

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 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)	8,868,396	8,782,949
Common stock, shares outstanding (in shares)	8,868,396	8,782,949

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Interest and fee income	$ 123,258,794	$ 118,257,234	$ 357,291,502	$ 349,281,636
Insurance commissions and other income	13,674,973	12,557,608	39,557,219	37,882,278
Total revenues	136,933,767	130,814,842	396,848,721	387,163,914
Expenses:
Provision for loan losses	43,754,905	39,984,838	113,570,935	107,869,859
General and administrative expenses:
Personnel	41,622,258	42,395,388	130,804,248	124,791,866
Occupancy and equipment	10,998,374	10,517,199	32,586,124	31,650,299
Advertising	8,150,258	8,490,703	18,408,440	14,934,458
Amortization of intangible assets	271,013	108,470	732,282	382,657
Other	11,844,482	9,725,018	34,181,131	25,881,791
Total general and administrative expenses	72,886,385	71,236,778	216,712,225	197,641,071
Interest expense	5,000,504	5,274,436	14,037,950	16,379,633
Total expenses	121,641,794	116,496,052	344,321,110	321,890,563
Income before income taxes	15,291,973	14,318,790	52,527,611	65,273,351
Income taxes	13,611,756	4,678,757	27,980,363	23,523,899
Net income	$ 1,680,217	$ 9,640,033	$ 24,547,248	$ 41,749,452
Net income per common share:
Basic (in dollars per share)	$ 0.19	$ 1.11	$ 2.81	$ 4.79
Diluted (in dollars per share)	$ 0.19	$ 1.10	$ 2.76	$ 4.75
Weighted average common shares outstanding:
Basic (in shares)	8,787,835	8,701,975	8,729,710	8,716,960
Diluted (in shares)	8,937,960	8,782,597	8,886,763	8,785,835

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net income	$ 1,680,217	$ 9,640,033	$ 24,547,248	$ 41,749,452
Foreign currency translation adjustments	(4,940,844)	(3,626,904)	(3,282,203)	(11,167,451)
Comprehensive income	$ (3,260,627)	$ 6,013,129	$ 21,265,045	$ 30,582,001

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	8,736,340	8,736,340
Stock Repurchased and Retired During Period, Value			4,614,331
Issuance of restricted common stock under stock option plan	655,620	655,620
Stock option expense	1,834,513	1,834,513
Other comprehensive income	(3,282,203)			(3,282,203)
Net income	24,547,248		24,547,248
Balances at Dec. 31, 2017	488,940,764	$ 157,872,907	$ 362,132,935	$ (31,065,078)
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 ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2017	Mar. 31, 2017
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)	155,710	33,702
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 0
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	$ 957,699	$ 284,221

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flow from operating activities:
Net income	$ 24,547,248	$ 41,749,452
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	732,282	382,657
Amortization of loan costs and discounts	656,806	1,657,933
Provision for loan losses	113,570,935	107,869,859
Depreciation	5,471,446	5,166,492
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	223,764	(133,883)
Deferred income tax benefit	2,241,233	(6,525,485)
Compensation related to stock option and restricted stock plans	3,447,832	3,905,977
Change in accounts:
Other assets, net	(1,573,172)	1,545,516
Income taxes payable	(7,165,088)	2,892,650
Accounts payable and accrued expenses	3,420,224	(2,521,296)
Net cash provided by operating activities	145,573,510	155,989,872
Cash flows from investing activities:
Increase in loans receivable, net	(202,138,017)	(166,156,575)
Purchases of property and equipment	(6,809,295)	(4,877,639)
Proceeds from Sale of Property, Plant, and Equipment	193,535	721,906
Net cash used in investing activities	(219,460,671)	(170,312,308)
Cash flow from financing activities:
Borrowings from senior notes payable	236,763,800	204,051,200
Payments on senior notes payable	(155,050,000)	(180,800,000)
Proceeds from exercise of stock options	8,736,340	1,110,794
Payments Related to Tax Withholding for Share-based Compensation	(957,699)	0
Payments of Loan Costs	(420,000)	(201,200)
Repurchase of common stock	(4,614,331)	(4,995,809)
Excess tax benefits from exercise of stock options	0	(514,275)
Net cash provided by financing activities	84,458,110	18,650,710
Increase in cash and cash equivalents	9,770,954	3,608,635
Effects of foreign currency fluctuations on cash	(799,995)	(719,639)
Cash and cash equivalents at beginning of period	15,200,410	12,377,024
Cash and cash equivalents at end of period	24,971,364	15,985,659
Interest Paid	12,609,023	14,373,633
Income Taxes Paid	35,181,118	27,673,265
Net assets acquired from acquisition primarily loans	(8,829,565)	0
Net Assets Acquired from Acquisition, Intangibles	$ (1,877,329)	$ 0

Segments Statement

Segments Statement - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 136,933,767	$ 130,814,842	$ 396,848,721	$ 387,163,914
Provision for Loan and Lease Losses	43,754,905	39,984,838	113,570,935	107,869,859
General and Administrative Expense	72,886,385	71,236,778	216,712,225	197,641,071
Interest Expense	5,000,504	5,274,436	14,037,950	16,379,633
Income Tax Expense (Benefit)	13,611,756	4,678,757	27,980,363	23,523,899
Net Income (Loss) Attributable to Parent	1,680,217	9,640,033	24,547,248	41,749,452	$ 73,600,294
Assets	906,091,036		906,091,036		800,588,775
MEXICO
Segment Reporting Information [Line Items]
Revenues	11,231,128	10,304,803	35,578,665	30,976,504
Provision for Loan and Lease Losses	3,299,392	2,421,468	12,581,397	6,958,506
General and Administrative Expense	4,206,273	6,020,424	22,886,925	17,493,081
Interest Expense	0	0	0	0
Income Tax Expense (Benefit)	(118,124)	273,318	(999,436)	1,846,871
Net Income (Loss) Attributable to Parent	3,843,587	1,589,593	1,109,779	4,678,046
Assets	69,595,000		69,595,000		69,603,217
UNITED STATES
Segment Reporting Information [Line Items]
Revenues	125,702,639	120,510,039	361,270,056	356,187,410
Provision for Loan and Lease Losses	40,455,513	37,563,370	100,989,538	100,911,353
General and Administrative Expense	68,680,112	65,216,354	193,825,300	180,147,990
Interest Expense	5,000,504	5,274,436	14,037,950	16,379,633
Income Tax Expense (Benefit)	13,729,880	4,405,439	28,979,799	21,677,028
Net Income (Loss) Attributable to Parent	(2,163,370)	$ 8,050,440	23,437,469	$ 37,071,406
Assets	$ 836,496,036		$ 836,496,036		$ 730,985,558

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements of the Company at December 31, 2017 , and for the three and nine 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 December 31, 2017 , and the results of operations and cash flows for the periods ended December 31, 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 U.S. Securities and Exchange Commission ("SEC").

SUMMARY OF SIGNIFICANT POLICIES

SUMMARY OF SIGNIFICANT POLICIES	9 Months Ended
	Dec. 31, 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. 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 2016-02, as amended by ASU 2018-01, 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 2014-09, which supersedes the revenue recognition requirements Topic 605 (Revenue Recognition), and most industry-specific guidance. ASU 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 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 2014-09, as amended by ASU 2015-14, ASU 2016-20, ASU 2017-13, 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	9 Months Ended
	Dec. 31, 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: December 31, 2017 March 31, 2017 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Level 1 inputs Cash and cash equivalents $ 24,971,364 $ 24,971,364 $ 15,200,410 $ 15,200,410 Level 3 inputs Loans receivable, net 790,904,508 790,904,508 695,700,589 695,700,589 LIABILITIES Level 3 inputs Senior notes payable 376,850,000 376,850,000 295,136,200 295,136,200 There were no significant assets or liabilities measured at fair value on a non-recurring basis as of December 31, 2017 or March 31, 2017 .

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The following is a summary of gross loans receivable as of: December 31, March 31, December 31, Small loans (U.S.) $ 774,416,024 630,802,614 737,527,303 Large loans (U.S.) 352,999,300 312,458,275 327,445,892 Sales finance loans (U.S.) (1) 4,057 54,247 151,585 Payroll deduct "Viva" loans (Mexico) 55,779,520 69,087,314 57,601,866 Traditional installment loans (Mexico) 46,105,461 47,401,682 42,282,369 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015 (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 December 31, Nine months ended December 31, 2017 2016 2017 2016 Balance at beginning of period $ 86,730,801 76,421,311 $ 72,194,892 69,565,804 Provision for loan losses 43,754,905 39,984,838 113,570,935 107,869,859 Loan losses (36,323,744 ) (37,707,592 ) (99,787,954 ) (105,126,567 ) Recoveries 3,438,705 3,674,873 11,336,616 11,141,171 Translation adjustment (1,127,037 ) (570,110 ) (840,859 ) (1,646,947 ) Balance at end of period $ 96,473,630 81,803,320 $ 96,473,630 81,803,320 The following is a summary of loans individually and collectively evaluated for impairment for the period indicated: December 31, 2017 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,507,308 — 4,507,308 Gross loans contractually delinquent 70,971,901 — 70,971,901 Loans not contractually delinquent and not in bankruptcy — 1,153,825,153 1,153,825,153 Gross loan balance 75,479,209 1,153,825,153 1,229,304,362 Unearned interest and fees (20,011,316 ) (321,914,908 ) (341,926,224 ) Net loans 55,467,893 831,910,245 887,378,138 Allowance for loan losses (51,152,146 ) (45,321,484 ) (96,473,630 ) Loans, net of allowance for loan losses $ 4,315,747 786,588,761 790,904,508 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 December 31, 2016 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,679,222 — 4,679,222 Gross loans contractually delinquent 58,478,910 — 58,478,910 Loans not contractually delinquent and not in bankruptcy — 1,101,850,883 1,101,850,883 Gross loan balance 63,158,132 1,101,850,883 1,165,009,015 Unearned interest and fees (16,082,976 ) (311,225,078 ) (327,308,054 ) Net loans 47,075,156 790,625,805 837,700,961 Allowance for loan losses (42,594,801 ) (39,208,519 ) (81,803,320 ) Loans, net of allowance for loan losses $ 4,480,355 751,417,286 755,897,641 The average net balance of impaired loans was $48.5 million and $41.8 million , respectively, for the nine month periods ended December 31, 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: December 31, March 31, December 31, Credit risk Consumer loans- non-bankrupt accounts $ 1,223,476,334 1,053,769,654 1,159,145,977 Consumer loans- bankrupt accounts 5,828,028 6,034,478 5,863,038 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,124,326,839 977,171,570 1,076,292,159 Contractual non-performing, 60 or more days delinquent (1) 104,977,523 82,632,562 88,716,856 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015 Credit risk profile based on customer type New borrower $ 185,408,524 168,656,845 169,425,813 Former borrower 142,002,375 108,100,688 136,401,410 Refinance 882,354,941 765,373,325 839,846,451 Delinquent refinance 19,538,522 17,673,274 19,335,341 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015 (1) Loans in non-accrual status. The following is a summary of the past due receivables as of: December 31, March 31, December 31, Contractual basis: 30-59 days past due $ 44,389,685 35,527,103 42,938,440 60-89 days past due 29,699,594 25,823,757 28,231,005 90 days or more past due 75,277,929 56,808,805 60,485,851 Total $ 149,367,208 118,159,665 131,655,296 Percentage of period-end gross loans receivable 12.2 % 11.1 % 11.3 %

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2017 2016 2017 2016 Basic: Weighted average common shares outstanding (denominator) 8,787,835 8,701,975 8,729,710 8,716,960 Diluted: Weighted average common shares outstanding 8,787,835 8,701,975 8,729,710 8,716,960 Dilutive potential common shares stock options 150,125 80,622 157,053 68,875 Weighted average diluted shares outstanding (denominator) 8,937,960 8,782,597 8,886,763 8,785,835 Options to purchase 338,489 and 746,274 shares of common stock at various prices were outstanding during the three months ended December 31, 2017 and 2016 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive. Options to purchase 392,609 and 734,155 shares of common stock at various prices were outstanding during the nine months ended December 31, 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	9 Months Ended
	Dec. 31, 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, a 2011 Stock Option Plan and a 2017 Stock Incentive Plan for the benefit of certain non-employee directors, officers, and key employees. Under these plans, a total of 4,950,000 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 December 31, 2017 , there were a total of 1,280,821 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 December 31, 2017 and 2016 was $39.63 and $22.25 , respectively. The weighted-average fair value at the grant date for options issued during the nine months ended December 31, 2017 and 2016 was $39.33 and $22.24 , respectively. Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended December 31, Nine months ended December 31, 2017 2016 2017 2016 Dividend Yield —% —% —% —% Expected Volatility 53.02% 48.83% 52.97% 48.90% Average risk-free rate 1.97% 1.19% 1.97% 1.90% Expected Life 5.0 years 5.0 years 5.0 years 5.0 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 nine months ended December 31, 2017 was as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding, beginning of period 860,741 $ 67.28 Granted during period 57,320 83.02 Exercised during period (155,710 ) 56.11 Forfeited during period (15,459 ) 63.14 Expired during period (14,144 ) 80.87 Options outstanding, end of period 732,748 $ 70.71 6.1 years $ 8,815,506 Options exercisable, end of period 527,249 $ 71.47 5.3 years $ 5,959,813 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on December 31, 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 December 31, 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 December 31, 2017 and 2016 was as follows: December 31, December 31, Three months ended $ 1,334,062 $ 500,137 Nine months ended $ 4,010,659 $ 612,530 As of December 31, 2017 , total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $3.1 million , which is expected to be recognized over a weighted-average period of approximately 2.3 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 December 31, 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 $0.3 million and $0.6 million for the three months ended December 31, 2017 and 2016 , respectively, and recognized $1.6 million and $1.0 million for the nine months ended December 31, 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 December 31, 2017 , there was approximately $1.3 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 1.6 years based on current estimates. A summary of the status of the Company’s restricted stock as of December 31, 2017 , and changes during the nine months ended December 31, 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 (42,880 ) 40.99 Forfeited during the period — — Outstanding at December 31, 2017 68,481 $ 44.44 Total share-based compensation included as a component of net income during the three and nine -month periods ended December 31, 2017 and 2016 was as follows: Three months ended December 31, Nine months ended December 31, 2017 2016 2017 2016 Share-based compensation related to equity classified awards: Share-based compensation related to stock options $ 712,286 2,149,340 1,834,513 3,131,760 Share-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 323,201 618,023 1,613,319 1,041,891 Total share-based compensation related to equity classified awards $ 1,035,487 2,767,363 3,447,832 4,173,651

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Dec. 31, 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 nine months ended December 31, 2017 . Nine months ended December 31, 2017 Acquisitions: Number of branches acquired through business combinations 3 Number of loan portfolios acquired through asset purchases 25 Total acquisitions 28 Purchase price $ 10,706,894 Tangible assets: Loans receivable, net 8,826,565 Property and equipment 3,000 Total tangible assets 8,829,565 Excess of purchase prices over carrying value of net tangible assets $ 1,877,329 Customer lists 1,737,329 Non-compete agreements 140,000 Goodwill — Total intangible assets $ 1,877,329 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 nine months ended December 31, 2017 the Company acquired 3 branches through two business combinations, 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 nine months ended December 31, 2017 , the Company acquired 25 loan portfolios through five asset purchases, 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 October 23, 2017, the Company completed an acquisition of one loan portfolio from 1st Fidelity Loans. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired loan portfolio is located in the state of Alabama. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the loan portfolio as an asset purchase. In conjunction with the acquisition, the Company assigned the entire purchase price and intangible assets to the destination branch. The Company recorded no goodwill in its accounting for this acquisition. On September 8, 2017, the Company completed an acquisition of one branch and fifteen loan portfolios from Sun Loan Company Tennessee, Inc., Sun Loan Company New Mexico #3, Inc., and Sun Loan Company Oklahoma Number 3, Inc. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired branch is located in Tennessee, and all acquired loan portfolios are located in the states of Tennessee, New Mexico, and Oklahoma. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the branch as a business combination and the acquisition of the fifteen loan portfolios as an asset purchase. In conjunction with the acquisition, the Company allocated the purchase price and intangible assets among the acquired branch (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 August 23, 2017, the Company completed an acquisition of one loan portfolio from Alpha Credit of Rockmart LLC. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired loan portfolio is located in the state of Georgia. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the loan portfolio as an asset purchase. In conjunction with the acquisition, the Company assigned the entire purchase price and intangible assets to the destination branch. The Company recorded no goodwill in its accounting for this acquisition. On July 7, 2017, the Company completed an acquisition of one loan portfolio from Sun Loan Company Missouri, Inc. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired loan portfolio is located in the state of Missouri. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the loan portfolio as an asset purchase. In conjunction with the acquisition, the Company assigned the entire purchase price and intangible assets to the destination branch. The Company recorded no goodwill in its accounting for this acquisition. 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 nine months ended December 31, 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 $1.0 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	9 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
DEBT	DEBT At December 31, 2017 the Company's notes payable consisted of a $480.0 million senior revolving credit facility with borrowings of $376.9 million outstanding and $300.0 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 December 31, 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 nine months ended December 31, 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 5.8% and 5.8% , respectively, and the unused amount available under the revolver at December 31, 2017 was $102.9 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	9 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act included significant changes to existing tax law, including a permanent reduction to the U.S. federal corporate income tax rate from 35% to 21%, a one-time repatriation tax on deferred foreign income (“Transition Tax”), and changes in deductions, credits and business-related exclusions. The permanent reduction to the U.S. federal corporate income tax rate from 35% to 21% is effective January 1, 2018. When a federal tax rate change occurs during a fiscal year, the Internal Revenue Code requires taxpayers to compute a weighted daily average rate for the fiscal year of enactment. As a result, the Company has calculated a U.S. federal statutory corporate income tax rate of 31.5% for the fiscal year ending March 31, 2018. The U.S. corporate federal statutory rate of 31.5% is the weighted daily average rate between the pre-enactment federal statutory rate of 35% and post-enactment federal statutory rate of 21%. The impact of changes in federal tax rates on deferred tax amounts and the effect of the Transition Tax are significant unusual or infrequent items which are recognized as discrete items in the Company’s income tax expense in the interim period in which the event occurs. The SEC issued guidance under Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”) directing taxpayers to consider the impact of the Tax Act as “provisional” when it does not have the information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting under ASC Topic 740. SAB 118 also states that in circumstances in which provisional amounts cannot be prepared, an entity should continue to apply ASC Topic 740 based on provisions of the tax laws that were in effect immediately prior to the Act being enacted. In accordance with SAB 118, the Company has recorded a provisional, discrete increase to tax expense of $10.5 million related to the net impact on revaluing U.S. deferred tax assets and liabilities. It was determined that the impact was provisional because the underlying timing differences are estimated and cannot be known until the end of the fiscal year on March 31, 2018. Future adjustments to the provisional number will be recorded as a discrete adjustment to income tax expense in the period in which those adjustments are finalized. In accordance with SAB 118, the Company did not feel that it had enough guidance and had not properly analyzed the computations of foreign earnings and profits as of November 2, 2017 or December 31, 2017 to provide a provisional amount for the Transition Tax; therefore, the Company continued to apply ASC Topic 740 based on provisions of the tax law that were in effect prior to the Act being enacted. The Company expects this calculation to be completed by the end of the fiscal year. The final adjustment will be recorded as a discrete adjustment to income tax expense at that time. 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 December 31, 2017 , the Company has determined that approximately $0.4 million of cumulative undistributed net losses from SWAC and approximately $26.8 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 December 31, 2017 , there was an unrecognized deductible temporary difference in the amount of $5.1 million related to investment in the Mexican subsidiaries. As of December 31, 2017 and March 31, 2017 , the Company had $8.5 million and $8.9 million , respectively, of total gross unrecognized tax benefits including interest. Approximately $6.8 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 December 31, 2017 , approximately $4.2 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 December 31, 2017 , the Company had approximately $1.8 million accrued for gross interest, of which $0.1 million was a current period-end expense for the nine months ended December 31, 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 2014, although carryforward attributes that were generated prior to 2014 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 89.0% for the quarter ended December 31, 2017 compared to 32.7% for the prior year quarter. The increase is related to the $10.5 million charge to tax expense related to the revaluing of the deferred tax asset recorded as a discrete item in the current quarter.

LITIGATION

LITIGATION	9 Months Ended
	Dec. 31, 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 the Company’s responses thereto, and the CFPB's notification on January 18, 2018 that it had concluded its investigation and would not be proceeding with an enforcement action against the Company. Mexico Investigation As previously disclosed, the Company is conducting an 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 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 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 minimize 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 customers and potential customers, 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 addition to the ultimate liability for disgorgement and related interest, the Company believes that it could be further liable for fines and penalties. The Company is continuing its discussions with the DOJ and SEC regarding the matters under investigation, but the Company cannot reasonably estimate the amount of any fine or penalty that it may have to pay as a part of any possible settlement or 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 parties’ stipulation setting forth the terms of the settlement was filed with the court on August 25, 2017. The settlement stipulation provides for 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 court entered an order preliminarily approving the settlement on August 31, 2017. On December 18, 2017, the court entered a final order and judgment approving the settlement. The court's order approving the settlement resolves the claims asserted against all defendants in the action. 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 parties’ stipulation setting forth the terms of the settlement was filed with the court on August 4, 2017. The settlement stipulation 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 court entered an order preliminarily approving the settlement on August 24, 2017. On November 7, 2017, the court entered a final order and judgment approving the settlement and awarding plaintiffs’ attorney’s fees and expenses in the amount of $475,000. The court’s order approving the settlement resolves the claims asserted against all defendants in the action. 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)	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2017 2016 2017 2016 Revenues: U.S. $ 125,702,639 120,510,039 $ 361,270,056 356,187,410 Mexico 11,231,128 10,304,803 35,578,665 30,976,504 Consolidated revenues 136,933,767 130,814,842 396,848,721 387,163,914 Provision for loan losses: U.S. $ 40,455,513 37,563,370 $ 100,989,538 100,911,353 Mexico 3,299,392 2,421,468 12,581,397 6,958,506 Consolidated provision for loan losses 43,754,905 39,984,838 113,570,935 107,869,859 General and administrative expenses: (1) U.S. $ 68,680,112 65,216,354 $ 193,825,300 180,147,990 Mexico 4,206,273 6,020,424 22,886,925 17,493,081 Consolidated general and administrative expenses 72,886,385 71,236,778 216,712,225 197,641,071 Interest expense: (2) U.S. $ 5,000,504 5,274,436 $ 14,037,950 16,379,633 Mexico — — — — Consolidated interest expense 5,000,504 5,274,436 14,037,950 16,379,633 Income tax expense (benefit): U.S. $ 13,729,880 4,405,439 $ 28,979,799 21,677,028 Mexico (118,124 ) 273,318 (999,436 ) 1,846,871 Consolidated income tax expense 13,611,756 4,678,757 27,980,363 23,523,899 Net income (loss): U.S. $ (2,163,370 ) 8,050,440 $ 23,437,469 37,071,406 Mexico 3,843,587 1,589,593 1,109,779 4,678,046 Consolidated net income 1,680,217 9,640,033 24,547,248 41,749,452 (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 December 31, 2017 and 2016 these charges totaled -$3.2 million ($1.1 million in charges net of approximately $4.3 million of expense related to the investigation into the Company's Mexico operations) and $0.4 million, respectively. For the nine months ended December 31, 2017 and 2016 these charges totaled $1.0 million ($5.3 million in charges net of approximately $4.3 million of expense related to the investigation into the Company's Mexico operations) and $0.1 million ($1.2 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: December 31, 2017 March 31, 2017 Total long-lived assets U.S. $ 22,174,609 20,724,777 Mexico 2,797,971 3,459,430 Consolidated total long-lived assets 24,972,580 24,184,207 The following table presents total assets for the Company’s two reportable segments: December 31, 2017 March 31, 2017 Total assets U.S. $ 836,496,036 730,985,558 Mexico 69,595,000 69,603,217 Consolidated total assets 906,091,036 800,588,775

Subsequent Events (Notes)

Subsequent Events (Notes)	9 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 12 – SUBSEQUENT EVENTS Termination of President and Chief Executive Officer On January 19, 2018, the Company and Janet L. Matricciani agreed that Ms. Matricciani’s role as President and Chief Executive Officer of the Company would terminate, effective January 22, 2018. The Company and Ms. Matricciani have agreed that the termination of Ms. Matricciani’s employment will be treated as a termination by the Company without cause (other than in connection with a change of control) for all purposes under her employment agreement and related equity award agreements with the Company. As a result, Ms. Matricciani’s employment agreement dated November 19, 2015 has been terminated. In addition, Ms. Matricciani resigned from the Company’s Board of Directors (the “Board”), effective January 22, 2018. The Company and Ms. Matricciani entered into a separation agreement (the “Separation Agreement”) on January 22, 2018 in connection with Ms. Matricciani’s separation from the Company. Under the Separation Agreement, Ms. Matricciani is entitled to receive (i) a lump sum payment equal to $42,400 for accrued base salary and accrued vacation through the termination date; (ii) a lump sum payment equal to $31,020 for 19 months of COBRA premiums, (iii) $793,728 of vested accrued benefits under the Company’s 2005 Supplemental Income Plan, and (iv) $1,596,650 in severance payments, representing two (2) times the sum of (a) Ms. Matricciani’s current base salary plus (b) the average annual bonus paid to Ms. Matricciani during the period of her employment in respect of the three fiscal years prior to termination, payable in 24 equal monthly installments. In addition, certain equity awards that were previously granted to Ms. Matricciani will vest and become exercisable in accordance with the terms of Ms. Matricciani’s employment agreement with the Company and the applicable plans and award agreements which represent approximately $930,000 of additional expense that will be recognized in the Company's fourth quarter. Ms. Matricciani will also be eligible to receive a pro rata bonus payment for the current fiscal year, provided the Company meets the corporate goals established by the Board for the current fiscal year. The Separation Agreement includes customary waiver and release provisions in favor of the Company, as well as non-competition, confidentiality, and non-disparagement covenants. In addition, certain payments and benefits due to Ms. Matricciani under the Separation Agreement are subject to recovery by the Company upon the occurrence of certain specified events. Management is not aware of any other 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)	9 Months Ended
	Dec. 31, 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: December 31, 2017 March 31, 2017 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Level 1 inputs Cash and cash equivalents $ 24,971,364 $ 24,971,364 $ 15,200,410 $ 15,200,410 Level 3 inputs Loans receivable, net 790,904,508 790,904,508 695,700,589 695,700,589 LIABILITIES Level 3 inputs Senior notes payable 376,850,000 376,850,000 295,136,200 295,136,200

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Dec. 31, 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: December 31, March 31, December 31, Small loans (U.S.) $ 774,416,024 630,802,614 737,527,303 Large loans (U.S.) 352,999,300 312,458,275 327,445,892 Sales finance loans (U.S.) (1) 4,057 54,247 151,585 Payroll deduct "Viva" loans (Mexico) 55,779,520 69,087,314 57,601,866 Traditional installment loans (Mexico) 46,105,461 47,401,682 42,282,369 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015 (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 December 31, Nine months ended December 31, 2017 2016 2017 2016 Balance at beginning of period $ 86,730,801 76,421,311 $ 72,194,892 69,565,804 Provision for loan losses 43,754,905 39,984,838 113,570,935 107,869,859 Loan losses (36,323,744 ) (37,707,592 ) (99,787,954 ) (105,126,567 ) Recoveries 3,438,705 3,674,873 11,336,616 11,141,171 Translation adjustment (1,127,037 ) (570,110 ) (840,859 ) (1,646,947 ) Balance at end of period $ 96,473,630 81,803,320 $ 96,473,630 81,803,320
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: December 31, 2017 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,507,308 — 4,507,308 Gross loans contractually delinquent 70,971,901 — 70,971,901 Loans not contractually delinquent and not in bankruptcy — 1,153,825,153 1,153,825,153 Gross loan balance 75,479,209 1,153,825,153 1,229,304,362 Unearned interest and fees (20,011,316 ) (321,914,908 ) (341,926,224 ) Net loans 55,467,893 831,910,245 887,378,138 Allowance for loan losses (51,152,146 ) (45,321,484 ) (96,473,630 ) Loans, net of allowance for loan losses $ 4,315,747 786,588,761 790,904,508 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 December 31, 2016 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,679,222 — 4,679,222 Gross loans contractually delinquent 58,478,910 — 58,478,910 Loans not contractually delinquent and not in bankruptcy — 1,101,850,883 1,101,850,883 Gross loan balance 63,158,132 1,101,850,883 1,165,009,015 Unearned interest and fees (16,082,976 ) (311,225,078 ) (327,308,054 ) Net loans 47,075,156 790,625,805 837,700,961 Allowance for loan losses (42,594,801 ) (39,208,519 ) (81,803,320 ) Loans, net of allowance for loan losses $ 4,480,355 751,417,286 755,897,641
Assessment of the credit quality	The following is an assessment of the credit quality for the period indicated: December 31, March 31, December 31, Credit risk Consumer loans- non-bankrupt accounts $ 1,223,476,334 1,053,769,654 1,159,145,977 Consumer loans- bankrupt accounts 5,828,028 6,034,478 5,863,038 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,124,326,839 977,171,570 1,076,292,159 Contractual non-performing, 60 or more days delinquent (1) 104,977,523 82,632,562 88,716,856 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015 Credit risk profile based on customer type New borrower $ 185,408,524 168,656,845 169,425,813 Former borrower 142,002,375 108,100,688 136,401,410 Refinance 882,354,941 765,373,325 839,846,451 Delinquent refinance 19,538,522 17,673,274 19,335,341 Total gross loans $ 1,229,304,362 1,059,804,132 1,165,009,015
Summary of the past due receivables	The following is a summary of the past due receivables as of: December 31, March 31, December 31, Contractual basis: 30-59 days past due $ 44,389,685 35,527,103 42,938,440 60-89 days past due 29,699,594 25,823,757 28,231,005 90 days or more past due 75,277,929 56,808,805 60,485,851 Total $ 149,367,208 118,159,665 131,655,296 Percentage of period-end gross loans receivable 12.2 % 11.1 % 11.3 %

AVERAGE SHARE INFORMATION (Tabl

AVERAGE SHARE INFORMATION (Tables)	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2017 2016 2017 2016 Basic: Weighted average common shares outstanding (denominator) 8,787,835 8,701,975 8,729,710 8,716,960 Diluted: Weighted average common shares outstanding 8,787,835 8,701,975 8,729,710 8,716,960 Dilutive potential common shares stock options 150,125 80,622 157,053 68,875 Weighted average diluted shares outstanding (denominator) 8,937,960 8,782,597 8,886,763 8,785,835

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2017 2016 2017 2016 Dividend Yield —% —% —% —% Expected Volatility 53.02% 48.83% 52.97% 48.90% Average risk-free rate 1.97% 1.19% 1.97% 1.90% Expected Life 5.0 years 5.0 years 5.0 years 5.0 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 nine months ended December 31, 2017 was as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding, beginning of period 860,741 $ 67.28 Granted during period 57,320 83.02 Exercised during period (155,710 ) 56.11 Forfeited during period (15,459 ) 63.14 Expired during period (14,144 ) 80.87 Options outstanding, end of period 732,748 $ 70.71 6.1 years $ 8,815,506 Options exercisable, end of period 527,249 $ 71.47 5.3 years $ 5,959,813
Intrinsic value of options exercised	The total intrinsic value of options exercised during the periods ended December 31, 2017 and 2016 was as follows: December 31, December 31, Three months ended $ 1,334,062 $ 500,137 Nine months ended $ 4,010,659 $ 612,530
Summary of the status and changes restricted stock	A summary of the status of the Company’s restricted stock as of December 31, 2017 , and changes during the nine months ended December 31, 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 (42,880 ) 40.99 Forfeited during the period — — Outstanding at December 31, 2017 68,481 $ 44.44
Share-based compensation included as a component of net income	Total share-based compensation included as a component of net income during the three and nine -month periods ended December 31, 2017 and 2016 was as follows: Three months ended December 31, Nine months ended December 31, 2017 2016 2017 2016 Share-based compensation related to equity classified awards: Share-based compensation related to stock options $ 712,286 2,149,340 1,834,513 3,131,760 Share-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 323,201 618,023 1,613,319 1,041,891 Total share-based compensation related to equity classified awards $ 1,035,487 2,767,363 3,447,832 4,173,651

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Dec. 31, 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 nine months ended December 31, 2017 . Nine months ended December 31, 2017 Acquisitions: Number of branches acquired through business combinations 3 Number of loan portfolios acquired through asset purchases 25 Total acquisitions 28 Purchase price $ 10,706,894 Tangible assets: Loans receivable, net 8,826,565 Property and equipment 3,000 Total tangible assets 8,829,565 Excess of purchase prices over carrying value of net tangible assets $ 1,877,329 Customer lists 1,737,329 Non-compete agreements 140,000 Goodwill — Total intangible assets $ 1,877,329 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 nine months ended December 31, 2017 the Company acquired 3 branches through two business combinations, 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 nine months ended December 31, 2017 , the Company acquired 25 loan portfolios through five asset purchases, 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 October 23, 2017, the Company completed an acquisition of one loan portfolio from 1st Fidelity Loans. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired loan portfolio is located in the state of Alabama. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the loan portfolio as an asset purchase. In conjunction with the acquisition, the Company assigned the entire purchase price and intangible assets to the destination branch. The Company recorded no goodwill in its accounting for this acquisition. On September 8, 2017, the Company completed an acquisition of one branch and fifteen loan portfolios from Sun Loan Company Tennessee, Inc., Sun Loan Company New Mexico #3, Inc., and Sun Loan Company Oklahoma Number 3, Inc. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired branch is located in Tennessee, and all acquired loan portfolios are located in the states of Tennessee, New Mexico, and Oklahoma. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the branch as a business combination and the acquisition of the fifteen loan portfolios as an asset purchase. In conjunction with the acquisition, the Company allocated the purchase price and intangible assets among the acquired branch (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 August 23, 2017, the Company completed an acquisition of one loan portfolio from Alpha Credit of Rockmart LLC. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired loan portfolio is located in the state of Georgia. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the loan portfolio as an asset purchase. In conjunction with the acquisition, the Company assigned the entire purchase price and intangible assets to the destination branch. The Company recorded no goodwill in its accounting for this acquisition. On July 7, 2017, the Company completed an acquisition of one loan portfolio from Sun Loan Company Missouri, Inc. The acquisition is consistent with the Company's strategy of expansion in areas where demographic profiles and state regulations are attractive. The acquired loan portfolio is located in the state of Missouri. Based on its evaluation of the agreement consistent with the framework described above, the Company accounted for the acquisition of the loan portfolio as an asset purchase. In conjunction with the acquisition, the Company assigned the entire purchase price and intangible assets to the destination branch. The Company recorded no goodwill in its accounting for this acquisition. 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 nine months ended December 31, 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 $1.0 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 nine months ended December 31, 2017 . Nine months ended December 31, 2017 Acquisitions: Number of branches acquired through business combinations 3 Number of loan portfolios acquired through asset purchases 25 Total acquisitions 28 Purchase price $ 10,706,894 Tangible assets: Loans receivable, net 8,826,565 Property and equipment 3,000 Total tangible assets 8,829,565 Excess of purchase prices over carrying value of net tangible assets $ 1,877,329 Customer lists 1,737,329 Non-compete agreements 140,000 Goodwill — Total intangible assets $ 1,877,329

Segments Segment Operating Inco

Segments Segment Operating Income Table (Tables)	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2017 2016 2017 2016 Revenues: U.S. $ 125,702,639 120,510,039 $ 361,270,056 356,187,410 Mexico 11,231,128 10,304,803 35,578,665 30,976,504 Consolidated revenues 136,933,767 130,814,842 396,848,721 387,163,914 Provision for loan losses: U.S. $ 40,455,513 37,563,370 $ 100,989,538 100,911,353 Mexico 3,299,392 2,421,468 12,581,397 6,958,506 Consolidated provision for loan losses 43,754,905 39,984,838 113,570,935 107,869,859 General and administrative expenses: (1) U.S. $ 68,680,112 65,216,354 $ 193,825,300 180,147,990 Mexico 4,206,273 6,020,424 22,886,925 17,493,081 Consolidated general and administrative expenses 72,886,385 71,236,778 216,712,225 197,641,071 Interest expense: (2) U.S. $ 5,000,504 5,274,436 $ 14,037,950 16,379,633 Mexico — — — — Consolidated interest expense 5,000,504 5,274,436 14,037,950 16,379,633 Income tax expense (benefit): U.S. $ 13,729,880 4,405,439 $ 28,979,799 21,677,028 Mexico (118,124 ) 273,318 (999,436 ) 1,846,871 Consolidated income tax expense 13,611,756 4,678,757 27,980,363 23,523,899 Net income (loss): U.S. $ (2,163,370 ) 8,050,440 $ 23,437,469 37,071,406 Mexico 3,843,587 1,589,593 1,109,779 4,678,046 Consolidated net income 1,680,217 9,640,033 24,547,248 41,749,452 (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 December 31, 2017 and 2016 these charges totaled -$3.2 million ($1.1 million in charges net of approximately $4.3 million of expense related to the investigation into the Company's Mexico operations) and $0.4 million, respectively. For the nine months ended December 31, 2017 and 2016 these charges totaled $1.0 million ($5.3 million in charges net of approximately $4.3 million of expense related to the investigation into the Company's Mexico operations) and $0.1 million ($1.2 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)	9 Months Ended
	Dec. 31, 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: December 31, 2017 March 31, 2017 Total long-lived assets U.S. $ 22,174,609 20,724,777 Mexico 2,797,971 3,459,430 Consolidated total long-lived assets 24,972,580 24,184,207

Segments Segment Assets (Tables

Segments Segment Assets (Tables)	9 Months Ended
	Dec. 31, 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: December 31, 2017 March 31, 2017 Total assets U.S. $ 836,496,036 730,985,558 Mexico 69,595,000 69,603,217 Consolidated total assets 906,091,036 800,588,775

SUMMARY OF SIGNIFICANT POLICI30

SUMMARY OF SIGNIFICANT POLICIES Accounting Standards (Details)	Dec. 31, 2017USD ($)
Accounting Policies [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 2,405,329

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($)	9 Months Ended
	Dec. 31, 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	$ 376,850,000	$ 295,136,200
Reported Value Measurement [Member] | Senior notes payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	376,850,000	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	376,850,000	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	24,971,364	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	24,971,364	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	790,904,508	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	$ 790,904,508	$ 695,700,589

RECEIVABLES AND ALLOWANCE FOR L

RECEIVABLES AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment			$ 48,500,000	$ 41,800,000
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period	$ 86,730,801	$ 76,421,311	72,194,892	69,565,804
Provision for loan losses	43,754,905	39,984,838	113,570,935	107,869,859
Loan losses	(36,323,744)	(37,707,592)	(99,787,954)	(105,126,567)
Recoveries	3,438,705	3,674,873	11,336,616	11,141,171
Translation adjustment	(1,127,037)	(570,110)	(840,859)	(1,646,947)
Balance at end of period	96,473,630	81,803,320	96,473,630	81,803,320
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans					$ 4,507,308	$ 4,903,728	$ 4,679,222
91 days or more delinquent, excluding bankruptcy					70,971,901	54,310,791	58,478,910
Loans less than 91 days delinquent and not in bankruptcy					1,153,825,153	1,000,589,613	1,101,850,883
Loans and Leases Receivable, Gross					1,229,304,362	1,059,804,132	1,165,009,015
Unearned interest and fees					(341,926,224)	(291,908,651)	(327,308,054)
Net loans					887,378,138	767,895,481	837,700,961
Allowance for loan losses	(86,730,801)	(76,421,311)	(72,194,892)	(69,565,804)	(96,473,630)	(72,194,892)	(81,803,320)
Loans receivable, net					790,904,508	695,700,589	755,897,641
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	51,152,146	42,594,801	51,152,146	42,594,801
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans					4,507,308	4,903,728	4,679,222
91 days or more delinquent, excluding bankruptcy					70,971,901	54,310,791	58,478,910
Loans less than 91 days delinquent and not in bankruptcy					0	0	0
Loans and Leases Receivable, Gross					75,479,209	59,214,519	63,158,132
Unearned interest and fees					(20,011,316)	(15,336,248)	(16,082,976)
Net loans					55,467,893	43,878,271	47,075,156
Allowance for loan losses	(51,152,146)	(42,594,801)	(39,182,951)	(42,594,801)	(51,152,146)	(39,182,951)	(42,594,801)
Loans receivable, net					4,315,747	4,695,320	4,480,355
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	45,321,484	39,208,519	45,321,484	39,208,519
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					1,153,825,153	1,000,589,613	1,101,850,883
Loans and Leases Receivable, Gross					1,153,825,153	1,000,589,613	1,101,850,883
Unearned interest and fees					(321,914,908)	(276,572,403)	(311,225,078)
Net loans					831,910,245	724,017,210	790,625,805
Allowance for loan losses	$ (45,321,484)	$ (39,208,519)	$ (33,011,941)	$ (39,208,519)	(45,321,484)	(33,011,941)	(39,208,519)
Loans receivable, net					$ 786,588,761	$ 691,005,269	$ 751,417,286

ALLOWANCE FOR LOAN LOSSES (Asse

ALLOWANCE FOR LOAN LOSSES (Assessment of Credit Quality) (Details) - USD ($)	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 48,500,000	$ 41,800,000
Gross loan balance	1,229,304,362	1,165,009,015	$ 1,059,804,132
Consumer loans- non-bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,223,476,334	1,159,145,977	1,053,769,654
Consumer loans- bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	5,828,028	5,863,038	6,034,478
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,124,326,839	1,076,292,159	977,171,570
Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	104,977,523	88,716,856	82,632,562
New borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	185,408,524	169,425,813
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	142,002,375	136,401,410
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	882,354,941	839,846,451
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	$ 19,538,522	$ 19,335,341
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 ($)	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans and Leases Receivable, Allowance	$ (96,473,630)	$ (86,730,801)	$ (72,194,892)	$ (81,803,320)	$ (76,421,311)	$ (69,565,804)
Financing Receivable, Bankruptcy	4,507,308		$ 4,903,728	4,679,222
Financing Receivable, Recorded Investment, Past Due	$ 149,367,208
Financing Receivable, Percent Past Due	12.20%		11.10%
Financing Receivables, Delinquent, excluding bankruptcy	$ 70,971,901		$ 54,310,791	58,478,910
Financing Receivables Less Than Ninety One Days Delinquent Excluding Bankruptcy	1,153,825,153		1,000,589,613	1,101,850,883
Loans and Leases Receivable, Gross	1,229,304,362		1,059,804,132	1,165,009,015
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	341,926,224		291,908,651	327,308,054
Loans and Leases Receivable, Net of Deferred Income	887,378,138		767,895,481	837,700,961
Loans and Leases Receivable, Net Amount	790,904,508		695,700,589	755,897,641
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	44,389,685		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	29,699,594		25,823,757	28,231,005
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	$ 75,277,929		56,808,805	60,485,851
Contractual basis [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due			$ 118,159,665	$ 131,655,296
Financing Receivable, Percent Past Due				11.30%
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				$ 42,938,440

ALLOWANCE FOR LOAN LOSSES Finan

ALLOWANCE FOR LOAN LOSSES Financing Receivables (Details) - USD ($)	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 1,229,304,362	$ 1,059,804,132	$ 1,165,009,015
Small loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	774,416,024	630,802,614	737,527,303
Large loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	352,999,300	312,458,275	327,445,892
Sales finance loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	4,057	54,247	151,585
Payroll Deduct MX [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	55,779,520	69,087,314	57,601,866
Traditional Installment MX [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 46,105,461	$ 47,401,682	$ 42,282,369

AVERAGE SHARE INFORMATION (Deta

AVERAGE SHARE INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Basic:
Weighted average common shares outstanding (in shares)	8,787,835	8,701,975	8,729,710	8,716,960
Diluted:
Weighted average common shares outstanding (in shares)	8,787,835	8,701,975	8,729,710	8,716,960
Dilutive potential common shares stock options (in shares)	150,125	80,622	157,053	68,875
Weighted average diluted shares outstanding (in shares)	8,937,960	8,782,597	8,886,763	8,785,835
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	338,489	746,274	392,609	734,155
Net Income (Loss) Attributable to Parent	$ 1,680,217	$ 9,640,033	$ 24,547,248	$ 41,749,452	$ 73,600,294
Earnings Per Share, Basic	$ 0.19	$ 1.11	$ 2.81	$ 4.79
Earnings Per Share, Diluted	$ 0.19	$ 1.10	$ 2.76	$ 4.75

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Document Fiscal Year Focus			2,018
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	338,489	746,274	392,609	734,155
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	53.02%	48.83%	52.97%	48.90%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.97%	1.19%	1.97%	1.90%
Stock Option Plans [Abstract]
Number of shares available for grant (in shares)	1,280,821		1,280,821
Weighted-average fair value at the grant date	$ 39.63	$ 22.25	$ 39.33	$ 22.24
Options Activity [Roll Forward]
Exercised (in shares)			(155,710)		(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			$ 3,447,832	$ 3,905,977
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years	5 years	5 years	5 years 3 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)	4,950,000		4,950,000
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)			860,741
Granted (in shares)			57,320
Exercised (in shares)			(155,710)
Forfeited (in shares)			(15,459)
Expired (in shares)			(14,144)
Options outstanding, end of period (in shares)	732,748		732,748		860,741
Options exercisable, end of period (in shares)	527,249		527,249
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)			$ 67.28
Granted (in dollars per share)			83.02
Exercised (in dollars per share)			56.11
Forfeited (in dollars per share)			63.14
Expired (in dollars per share)			80.87
Options outstanding, end of period (in dollars per share)	$ 70.71		70.71		$ 67.28
Options exercisable, end of period (in dollars per share)	$ 71.47		$ 71.47
Stock Option Activity Additional Disclosures [Abstract]
Weighted-average remaining contractual term, Options outstanding, end of period			6 years 26 days
Weighted-average remaining contractual terms, Options exercisable, end of period			5 years 3 months 26 days
Aggregate intrinsic value, Options outstanding, end of period	$ 8,815,506		$ 8,815,506
Aggregate intrinsic value, Options exercisable, end of period	5,959,813		5,959,813
Intrinsic value of options exercised	1,334,062	$ 500,137	4,010,659	$ 612,530
Compensation Cost Not yet Recognized [Abstract]
Total unrecognized stock-based compensation expense related to non-vested stock options	3,100,000		$ 3,100,000
Weighted average period for recognition			2 years 4 months 2 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			2 years 4 months 2 days
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans	712,286	2,149,340	$ 1,834,513	3,131,760
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	$ 1,300,000		$ 1,300,000
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)			(42,880)
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited			0
Outstanding at End of Period (in shares)	68,481		68,481		111,361
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)			40.99
Cancelled during the period (in dollars per share)			0
Outstanding at June 30, 2012 (in dollars per share)	$ 44.44		$ 44.44		$ 43.11
Compensation related to stock option and restricted stock plans	$ 323,201	618,023	$ 1,613,319	1,041,891
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	$ 1,035,487	$ 2,767,363	$ 3,447,832	$ 4,173,651
Performance Shares [Member]
Compensation Cost Not yet Recognized [Abstract]
Weighted average period for recognition			1 year 7 months 21 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			1 year 7 months 21 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

ACQUISITIONS (Details)

ACQUISITIONS (Details)	9 Months Ended
	Dec. 31, 2017USD ($)acquisition
Business Acquisition [Line Items]
Number of Businesses Acquired | acquisition	3
Number Of Offices Purchased and Merged into Existing Offices | acquisition	25
Total acquisitions | acquisition	28
Purchase Price	$ 10,706,894
Business Combination, Acquired Receivable, Fair Value	8,826,565
Intangible Assets, Net (Including Goodwill)	1,877,329
Furniture, fixtures & equipment	3,000
Total tangible assets	8,829,565
Finite-Lived Customer Lists, Gross	1,737,329
Finite-Lived Noncompete Agreements, Gross	140,000
Goodwill, Fair Value Disclosure	$ 0
Loans and Leases Receivable, Average Loan Period	8 months
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles	$ 1,000,000

DEBT (Details)

DEBT (Details) - USD ($)	9 Months Ended
	Dec. 31, 2017	Mar. 31, 2017
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount	$ 300,000
Basis spread on variable rate (in hundredths)	4.00%
Debt Instrument, Interest Rate, Effective Percentage	5.78%	5.79%
Debt Instrument, Unused Borrowing Capacity, Fee	$ 0.0050
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	480,000,000
Amount outstanding	$ 376,900,000
Reference rate	LIBOR
Unused amount available	$ 102,900,000
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		9 Months Ended
	Dec. 31, 2017USD ($)foreign_subsidiary	Dec. 31, 2016	Dec. 31, 2017USD ($)foreign_subsidiary	Mar. 31, 2017USD ($)
Income Tax Contingency [Line Items]
Number of foreign subsidiaries required to be assessed | foreign_subsidiary	2		2
Cumulative undistributed net earnings permanently reinvested in Mexican foreign subsidiaries	$ 400,000		$ 400,000
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	5,055,403		5,055,403
Total gross unrecognized tax benefits including interest	8,540,139		8,540,139	$ 8,906,880
Unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate	6,795,411		6,795,411	$ 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	4,172,229		4,172,229
Accrued gross interest	$ 1,760,406		1,760,406
Current period gross interest expense			118,490
Effective Income Tax Rate Reconciliation, Percent	89.00%	32.70%
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	$ 26,800,000		$ 26,800,000

INCOME TAXES Tax reform (Detail

INCOME TAXES Tax reform (Details) $ in Millions	9 Months Ended
	Dec. 31, 2017USD ($)
Income Tax Disclosure [Abstract]
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit	$ 10.5

Segments Long-Lived Assets (Det

Segments Long-Lived Assets (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 136,933,767	$ 130,814,842	$ 396,848,721	$ 387,163,914
Disclosure on Geographic Areas, Long-Lived Assets			24,972,580		24,184,207
Provision for Loan and Lease Losses	43,754,905	39,984,838	$ 113,570,935	107,869,859
General and Administrative Expense	72,886,385	71,236,778	216,712,225	197,641,071
Interest Expense	5,000,504	5,274,436	14,037,950	16,379,633
Income Tax Expense (Benefit)	13,611,756	4,678,757	27,980,363	23,523,899
Net Income (Loss) Attributable to Parent	1,680,217	9,640,033	24,547,248	41,749,452	$ 73,600,294
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	125,702,639	120,510,039	$ 361,270,056	356,187,410
Disclosure on Geographic Areas, Long-Lived Assets			22,174,609		20,724,777
Provision for Loan and Lease Losses	40,455,513	37,563,370	$ 100,989,538	100,911,353
General and Administrative Expense	68,680,112	65,216,354	193,825,300	180,147,990
Interest Expense	5,000,504	5,274,436	14,037,950	16,379,633
Income Tax Expense (Benefit)	13,729,880	4,405,439	28,979,799	21,677,028
Net Income (Loss) Attributable to Parent	(2,163,370)	8,050,440	23,437,469	37,071,406
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	11,231,128	10,304,803	$ 35,578,665	30,976,504
Disclosure on Geographic Areas, Long-Lived Assets			2,797,971		3,459,430
Provision for Loan and Lease Losses	3,299,392	2,421,468	$ 12,581,397	6,958,506
General and Administrative Expense	4,206,273	6,020,424	22,886,925	17,493,081
Interest Expense	0	0	0	0
Income Tax Expense (Benefit)	(118,124)	273,318	(999,436)	1,846,871
Net Income (Loss) Attributable to Parent	$ 3,843,587	$ 1,589,593	$ 1,109,779	$ 4,678,046