World Acceptance (WRLD) 10-Q 7 Nov 19 2020 Q2 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	6 Months Ended
	Sep. 30, 2019	Oct. 25, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	000-19599
Entity Registrant Name	WORLD ACCEPTANCE CORP
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	57-0425114
Entity Address, Address Line One	108 Frederick Street
Entity Address, City or Town	Greenville,
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29607
City Area Code	(864)
Local Phone Number	298-9800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,915,217
Entity Central Index Key	0000108385
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2019	Mar. 31, 2019
ASSETS
Cash and cash equivalents	$ 10,224,755	$ 9,335,433
Loans and Leases Receivable, Gross	1,274,146,794	1,127,957,383
Less:
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	334,326,349	290,813,752
Unearned interest, insurance and fees	(334,326,349)	(290,813,752)
Allowance for loan losses	(101,469,313)	(81,519,624)
Loans receivable, net	838,351,132	755,624,007
Operating Lease, Right-of-Use Asset	119,403,263	0
Property and equipment, net	27,075,833	25,424,183
Deferred income taxes	31,898,939	23,830,899
Other assets, net	16,151,630	18,398,935
Goodwill	7,262,146	7,034,463
Intangible assets, net	27,448,670	15,340,153
Total assets	1,077,816,368	854,988,073
Liabilities:
Senior notes payable	518,831,400	251,940,000
Income taxes payable	1,521,276	11,550,197
Operating Lease, Liability	120,130,417	0
Accounts payable and accrued expenses	42,389,238	39,381,251
Total liabilities	682,872,331	302,871,448
Commitments and contingencies	0
Shareholders' equity:
Preferred stock, no par value	0	0
Common stock, no par value	0	0
Additional paid-in capital	218,135,573	198,125,649
Retained earnings	176,808,464	353,990,976
Total shareholders' equity	394,944,037	552,116,625
Total liabilities and shareholders' equity	$ 1,077,816,368	$ 854,988,073

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Mar. 31, 2019
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)	7,945,842	9,284,118
Common stock, shares outstanding (in shares)	7,945,842	9,284,118

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Interest and fee income	$ 126,091,032	$ 113,490,097	$ 249,001,181	$ 221,934,475
Insurance commissions and other income	15,482,084	13,625,666	31,013,918	27,971,273
Total revenues	141,573,116	127,115,763	280,015,099	249,905,748
Expenses:
Provision for loan losses	52,968,036	40,358,696	94,259,107	70,949,315
General and administrative expenses:
Personnel	49,610,802	39,906,459	102,070,247	80,700,309
Occupancy and equipment	13,554,466	11,901,403	26,910,768	23,709,581
Advertising	6,269,734	5,116,301	12,379,561	9,955,599
Amortization of intangible assets	1,257,953	275,496	2,212,594	538,948
Other	7,759,428	7,736,189	16,655,576	17,808,766
Total general and administrative expenses	78,452,383	64,935,848	160,228,746	132,713,203
Interest expense	6,327,817	4,157,999	10,731,145	8,383,000
Total expenses	137,748,236	109,452,543	265,218,998	212,045,518
Income before income taxes	3,824,880	17,663,220	14,796,101	37,860,230
Income taxes	(395,121)	3,604,153	1,967,701	8,163,498
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	4,220,001	14,059,067	12,828,400	29,696,732
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	0	0	0	2,341,825
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax, Per Diluted Share	0	628,921	0	(38,377,623)
Discontinued Operation, Tax Effect of Discontinued Operation	0	150,343	0	626,583
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	478,578	0	(36,662,381)
Net income	$ 4,220,001	$ 14,537,645	$ 12,828,400	$ (6,965,649)
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.54	$ 1.55	$ 1.57	$ 3.28
Income (Loss) from Continuing Operations, Per Diluted Share	0.51	1.51	1.50	3.20
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	0		0
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share		0.05		(4.05)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	0		0
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share		0.05		(3.95)
Net income per common share:
Basic (in dollars per share)	0.54	1.60	1.57	(0.77)
Diluted (in dollars per share)	$ 0.51	$ 1.56	$ 1.50	$ (0.75)
Weighted average common shares outstanding:
Basic (in shares)	7,807,229	9,072,160	8,155,263	9,063,524
Diluted (in shares)	8,201,597	9,292,886	8,532,012	9,273,104

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net income	$ 4,220,001	$ 14,537,645	$ 12,828,400	$ (6,965,649)
Foreign currency translation adjustments	0	0	0	(5,235,838)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0	31,290,918	0	31,290,918
Comprehensive income	$ 4,220,001	$ 45,828,563	$ 12,828,400	$ 19,089,431

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]	Employee Stock Option [Member]
Common Stock, Shares, Outstanding	9,119,443
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	25,276
Balances at Mar. 31, 2018	$ 541,107,852	$ 175,887,227	$ 391,275,705	$ (26,055,080)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	$ 1,815,406
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	8,426
Issuance of restricted common stock under stock option plan	$ 1,914,349	1,914,349
Stock option expense	1,063,637	1,063,637
Other comprehensive income	(5,235,838)			(5,235,838)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	31,290,918
Net income	(6,965,649)		(6,965,649)
Balances at Sep. 30, 2018	$ 564,990,675	180,680,619	384,310,056	0
Common Stock, Shares, Outstanding	9,140,273
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	4,446
Balances at Jun. 30, 2018	$ 517,272,675	178,791,182	369,772,411	(31,290,918)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	$ 386,468	386,468
Stock Repurchased and Retired During Period, Shares	0
Stock Repurchased and Retired During Period, Value			0
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	8,426
Issuance of restricted common stock under stock option plan	$ 963,559	963,559
Stock option expense	539,410	539,410
Other comprehensive income	0			0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	31,290,918
Net income	14,537,645		14,537,645
Balances at Sep. 30, 2018	$ 564,990,675	180,680,619	384,310,056	0
Common Stock, Shares, Outstanding	9,153,145
Common Stock, Shares, Outstanding	9,284,118
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	55,472				55,472
Balances at Mar. 31, 2019	$ 552,116,625	198,125,649	353,990,976	0
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	$ 3,654,097
Stock Repurchased and Retired During Period, Shares	(1,392,180)
Stock Repurchased and Retired During Period, Value			(190,010,912)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	(1,568)
Issuance of restricted common stock under stock option plan	$ 13,129,717	13,129,717
Stock option expense	3,226,110	3,226,110
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0
Net income	12,828,400		12,828,400
Balances at Sep. 30, 2019	$ 394,944,037	218,135,573	176,808,464	0
Common Stock, Shares, Outstanding	9,181,305
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	15,706
Balances at Jun. 30, 2019	$ 549,660,061	208,876,263	340,783,798	0
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	$ 977,522	977,522
Stock Repurchased and Retired During Period, Shares	(1,251,103)
Stock Repurchased and Retired During Period, Value			(168,195,335)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	(66)
Issuance of restricted common stock under stock option plan	$ 6,677,016	6,677,016
Stock option expense	1,604,772	1,604,772
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0
Net income	4,220,001		4,220,001
Balances at Sep. 30, 2019	$ 394,944,037	$ 218,135,573	$ 176,808,464	$ 0
Common Stock, Shares, Outstanding	7,945,842

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)	15,706	4,446	55,472	25,276
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 0		$ 0
Proceeds from exercise of stock options, tax benefits		$ 0		$ 0
Adjustments Related to Tax Withholding for Share-based Compensation	$ 8,482	$ 0	$ 246,650	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flow from operating activities:
Net income	$ 12,828,400	$ (6,965,649)
Gain (Loss) on Disposition of Business	0	38,377,623
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	2,212,594	538,948
Amortization of loan costs and discounts	261,392	320,588
Provision for loan losses	94,259,107	70,949,315
Depreciation	3,499,067	3,296,860
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	(101,774)	(123,852)
Deferred income tax benefit	(8,068,040)	(2,717,297)
Compensation related to stock option and restricted stock plans	16,602,477	2,977,986
Change in accounts:
Other assets, net	(3,704,467)	(7,806,866)
Income taxes payable	(10,028,921)	(532,236)
Accounts payable and accrued expenses	3,007,987	(3,299,779)
Net Cash Provided by (Used in) Operating Activities	118,176,756	95,263,345
Cash flows from investing activities:
Increase in loans receivable, net	(130,033,384)	(132,314,528)
Purchases of property and equipment	(5,132,987)	(4,609,927)
Proceeds from Sale of Property, Plant, and Equipment	153,044	159,031
Proceeds from Divestiture of Businesses	0	37,494,505
Net cash used in investing activities	(196,583,969)	(111,286,791)
Cash flow from financing activities:
Borrowings from senior notes payable	358,191,400	130,190,000
Payments on senior notes payable	(91,300,000)	(144,900,000)
Proceeds from exercise of stock options	3,654,097	1,815,406
Payments Related to Tax Withholding for Share-based Compensation	(246,650)	0
Payments of Loan Costs	(991,400)	(240,000)
Repurchase of common stock	(190,010,912)	0
Net cash provided by financing activities	79,296,535	(13,134,594)
Increase in cash and cash equivalents	889,322	(26,490,593)
Effects of foreign currency fluctuations on cash	0	2,667,447
Cash and cash equivalents at beginning of period	9,335,433	12,473,833
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	0	0
Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations		5,595,711
Cash and cash equivalents at end of period	10,224,755
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	9,303,060	7,878,609
Income Taxes Paid	17,683,191	12,261,977
Net assets acquired from acquisition primarily loans	(47,021,848)	(9,264,527)
Net Assets Acquired from Acquisition, Intangibles	(14,548,794)	(2,751,345)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$ 10,224,755	5,595,711
Parent Company [Member]
Provision for loan losses		$ 70,949,315

Segments Statement

Segments Statement - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 141,573,116	$ 127,115,763	$ 280,015,099	$ 249,905,748
Provision for Loan and Lease Losses	52,968,036	40,358,696	94,259,107	70,949,315
General and Administrative Expense	78,452,383	64,935,848	160,228,746	132,713,203
Interest Expense	6,327,817	4,157,999	10,731,145	8,383,000
Income Tax Expense (Benefit)	(395,121)	3,604,153	1,967,701	8,163,498
Net Income (Loss) Attributable to Parent	4,220,001	$ 14,537,645	12,828,400	$ (6,965,649)
Assets	$ 1,077,816,368		$ 1,077,816,368		$ 854,988,073

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements of the Company at September 30, 2019 , and for the three and six 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 September 30, 2019 , and the results of operations and cash flows for the periods ended September 30, 2019 and 2018 , 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 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, 2019 , included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2019 , as filed with the SEC.

SUMMARY OF SIGNIFICANT POLICIES

SUMMARY OF SIGNIFICANT POLICIES	6 Months Ended
	Sep. 30, 2019
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. 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. Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity. Recently Adopted Accounting Standards Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The ASU, as amended by ASU 2018-01, ASU 2018-10, and 2018-11, requires lessees to recognize assets and liabilities from 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 are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Upon adoption of this guidance on April 1, 2019 the Company removed its deferred rent expense balance of $0.4 million , recorded a right-of-use asset of $92.3 million , and recorded a lease liability of $92.7 million . Amounts recorded upon adoption of Topic 842 were adjusted from what was reported in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2019 due to the Company finalizing its implementation since that filing. In conjunction with adoption the Company made the following elections as outlined in ASU 2016-02 and its amendments: • The Company elected to apply the new guidance retrospectively at the beginning of the period of adoption, and, as a result, the adoption date is the beginning of the reporting period in which the Company first applies the guidance in Topic 842. The Company has not adjusted comparative years in the consolidated financial statements or make the new required disclosures for periods before the adoption date. The new required disclosures are only presented in the period of adoption and subsequently thereafter. • The Company elected, by class of underlying asset, to expense short-term leases on a straight-line basis over the life of the lease rather than applying the recognition requirements in Topic 842 according to the following table: Class of Underlying Asset Election? Yes/No Buildings (Office Space) No Office Equipment Yes • The Company elected, by class of underlying asset, not to separate non-lease components from lease components and instead account for each separate lease component and the non-lease components associated with those lease components as a single lease component according to the following table: Class of Underlying Asset Election? Yes/No Buildings (Office Space) Yes Office Equipment Yes • The Company elected the following practical expedients, which must be elected as a package, when applying Topic 842 to leases that commenced before the adoption date: 1. Not to reassess whether any expired or existing contracts are or contain leases; 2. Not to reassess the lease classification for any expired or existing leases (that is, all existing leases that were classified as operating leases in accordance with Topic 840 are classified as operating leases, and all existing leases that were classified as capital leases in accordance with Topic 840 are classified as finance leases); and, 3. Not to reassess initial direct costs for any existing leases. • The Company elected to use hindsight in determining the lease term (that is, when considering lessee options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of the its right-of-use assets when applying Topic 842 to leases that commenced before the adoption date. Adoption of the standard did not impact the Company's consolidated statements of operations nor did adoption require the Company to alter its revolving credit facility to remain in compliance with its debt covenants. Recently Issued Accounting Standards Not Yet Adopted Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment. ASU 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 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, 2019. 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 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. We reviewed all other newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the consolidated financial statements as a result of future adoption.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair Value Disclosures The Company may carry certain financial instruments and derivative assets and liabilities measured 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. Fair value measurements 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 markets that are less active. • Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity’s own assumptions. The Company’s financial instruments 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 amounts and estimated fair values of the Company's financial instruments are summarized below. September 30, 2019 March 31, 2019 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 10,224,755 10,224,755 $ 9,335,433 9,335,433 Loans receivable, net 3 838,351,132 838,351,132 755,624,007 755,624,007 LIABILITIES Senior notes payable 3 518,831,400 518,831,400 251,940,000 251,940,000 There were no significant assets or liabilities measured at fair value on a non-recurring basis as of September 30, 2019 or March 31, 2019 .

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The following is a summary of gross loans receivable as of: September 30, March 31, September 30, Small loans $ 839,609,690 $ 736,643,663 $ 762,471,067 Large loans 433,389,225 383,686,372 363,884,295 Tax advance loans 1,147,879 7,627,348 436,834 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196 The following is a summary of the changes in the allowance for loan losses for the periods indicated: Three months ended September 30, Six months ended September 30, 2019 2018 2019 2018 Balance at beginning of period $ 87,353,087 68,029,622 $ 81,519,624 $ 66,088,139 Provision for loan losses 52,968,036 40,358,696 94,259,107 70,949,315 Loan losses (42,604,434 ) (32,572,205 ) (82,128,421 ) (65,013,346 ) Recoveries 3,752,624 3,494,262 7,819,003 7,286,267 Balance at end of period $ 101,469,313 $ 79,310,375 $ 101,469,313 $ 79,310,375 The following is a summary of loans individually and collectively evaluated for impairment for the period indicated: September 30, 2019 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,919,237 — 5,919,237 Gross loans contractually delinquent 67,515,456 — 67,515,456 Loans not contractually delinquent and not in bankruptcy — 1,200,712,101 1,200,712,101 Gross loan balance 73,434,693 1,200,712,101 1,274,146,794 Unearned interest and fees (15,408,232 ) (318,918,117 ) (334,326,349 ) Net loans 58,026,461 881,793,984 939,820,445 Allowance for loan losses (52,358,792 ) (49,110,521 ) (101,469,313 ) Loans, net of allowance for loan losses $ 5,667,669 832,683,463 838,351,132 March 31, 2019 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,644,203 — 4,644,203 Gross loans contractually delinquent 59,633,541 — 59,633,541 Loans not contractually delinquent and not in bankruptcy — 1,063,679,639 1,063,679,639 Gross loan balance 64,277,744 1,063,679,639 1,127,957,383 Unearned interest and fees (14,319,795 ) (276,493,957 ) (290,813,752 ) Net loans 49,957,949 787,185,682 837,143,631 Allowance for loan losses (45,511,124 ) (36,008,500 ) (81,519,624 ) Loans, net of allowance for loan losses $ 4,446,825 751,177,182 755,624,007 September 30, 2018 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,002,410 — 5,002,410 Gross loans contractually delinquent 54,677,031 — 54,677,031 Loans not contractually delinquent and not in bankruptcy — 1,067,112,755 1,067,112,755 Gross loan balance 59,679,441 1,067,112,755 1,126,792,196 Unearned interest and fees (12,519,916 ) (285,178,637 ) (297,698,553 ) Net loans 47,159,525 781,934,118 829,093,643 Allowance for loan losses (42,369,717 ) (36,940,658 ) (79,310,375 ) Loans, net of allowance for loan losses $ 4,789,808 744,993,460 749,783,268 The average net balance of impaired loans was $53.4 million and $44.2 million , respectively, for the six month periods ended September 30, 2019 , and 2018 . It is not practical to compute the amount of interest earned on impaired loans. The following is an assessment of the credit quality of loans for the period indicated: September 30, March 31, September 30, Credit risk Consumer loans- non-bankrupt accounts $ 1,266,666,753 $ 1,121,895,834 $ 1,120,466,940 Consumer loans- bankrupt accounts 7,480,041 6,061,549 6,325,256 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,171,654,200 $ 1,039,774,448 $ 1,042,501,191 Contractual non-performing, 61 or more days delinquent (1) 102,492,594 88,182,935 84,291,005 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196 Credit risk profile based on customer type New borrower $ 152,893,420 $ 138,140,479 $ 130,010,547 Former borrower 143,234,099 116,242,182 134,554,113 Refinance 954,842,006 854,880,194 843,003,017 Delinquent refinance 23,177,269 18,694,528 19,224,519 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196 _______________________________________________________ (1) Loans in non-accrual status. The following is a summary of the past due receivables as of: September 30, March 31, September 30, Contractual basis: 30-60 days past due $ 55,199,165 40,300,574 44,729,889 61-90 days past due 34,977,138 28,549,394 29,613,974 91 days or more past due 67,515,456 59,633,541 54,677,031 Total $ 157,691,759 128,483,509 129,020,894 Percentage of period-end gross loans receivable 12.4 % 11.4 % 11.5 % Recency basis: 30-60 days past due $ 54,101,357 35,992,122 44,470,880 61-90 days past due 30,534,482 22,393,106 24,995,370 91 days or more past due 51,155,873 42,771,862 40,612,083 Total $ 135,791,712 101,157,090 110,078,333 Percentage of period-end gross loans receivable 10.7 % 9.0 % 9.8 %

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION	6 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
AVERAGE SHARE INFORMATION	AVERAGE SHARE INFORMATION The following is a summary of the basic and diluted average common shares outstanding: Three months ended September 30, Six months ended September 30, 2019 2018 2019 2018 Basic: Weighted average common shares outstanding (denominator) 7,807,229 9,072,160 8,155,263 9,063,524 Diluted: Weighted average common shares outstanding 7,807,229 9,072,160 8,155,263 9,063,524 Dilutive potential common shares securities 394,368 220,726 376,749 209,580 Weighted average diluted shares outstanding (denominator) 8,201,597 9,292,886 8,532,012 9,273,104 Options to purchase 655,462 and 468,253 shares of common stock at various prices were outstanding during the three months ended September 30, 2019 and 2018 respectively, but were not included in the computation of diluted EPS because the option exercise price exceeded the market value of the shares. Options to purchase 669,374 and 477,357 shares of common stock at various prices were outstanding during the six months ended September 30, 2019 and 2018

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Incentive Plans The Company has 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 4,350,000 shares of common stock have been authorized and reserved for issuance pursuant to grants approved by the Compensation 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 September 30, 2019 , there were a total of 204,744 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. Long-term Incentive Program and Non-Employee Director Awards On October 15, 2018, the Compensation Committee and Board approved and adopted a new long-term incentive program that seeks to motivate and reward certain employees and to align management’s interest with shareholders' interest by focusing executives on the achievement of long-term results. The program is comprised of four components: Service Options, Performance Options, Restricted Stock, and Performance Shares. Pursuant to this program, the Compensation Committee approved certain grants of Service Options, Performance Options, Restricted Stock and Performance Shares under the World Acceptance Corporation 2011 Stock Option Plan and the World Acceptance Corporation 2017 Stock Incentive Plan to certain employee directors, vice presidents of operations, vice presidents, senior vice presidents, and executive officers. Separately, the Compensation Committee approved certain grants of Service Options and Restricted Stock to certain of the Company's non-employee directors. Under the long-term incentive program, up to 100% of the shares of restricted stock subject to the Performance Shares shall vest, if at all, based on the achievement of two trailing earnings per share performance targets established by the Compensation Committee that are based on earnings per share (measured at the end of each calendar quarter, commencing with the calendar quarter ending September 30, 2019) for the previous four calendar quarters. The Performance Shares are eligible to vest over the Performance Share Measurement Period and subject to each respective employee’s continued employment at the Company through the last day of the applicable Performance Share Measurement Period (or as otherwise provided under the terms of the applicable award agreement or applicable employment agreement). The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for September 30, 2018 through March 31, 2025 Restricted Stock Eligible for Vesting (Percentage of Award) $16.35 40% $20.45 60% The Restricted Stock awards vest in six equal annual installments, beginning on the first anniversary of the grant date, subject to each respective employee’s continued employment at the Company through each applicable vesting date or otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The Service Options vest in six equal annual installments, beginning on the first anniversary of the grant date, subject to each respective employee’s continued employment at the Company through each applicable vesting date or otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Service Options have a 10-year term. The Performance Options will fully vest if the Company attains the trailing earnings per share target over four consecutive calendar quarters occurring between September 30, 2018 and March 31, 2025 described below. Such performance target was established by the Compensation Committee and will be measured at the end of each calendar quarter commencing on September 30, 2019. The Performance Options are eligible to vest over the Option Measurement Period, subject to each respective employee’s continued employment at the Company through the last day of the Option Measurement Period or as otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Performance Options have a 10-year term. The Performance Option performance target is set forth below. Trailing 4-Quarter EPS Targets for September 30, 2018 through March 31, 2025 Options Eligible for Vesting (Percentage of Award) $25.30 100% Stock Options The weighted-average fair value at the grant date for options issued during the three months ended September 30, 2019 was $71.31 . There were no options issued during the three months ended September 30, 2018 . The weighted-average fair value at the grant date for options issued during the six months ended September 30, 2019 and 2018 was $70.69 and $49.67 , respectively. Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended September 30, Six months ended September 30, 2019 2018 2019 2018 Dividend Yield —% —% —% —% Expected Volatility 51.25% —% 50.90% 53.02% Average risk-free rate 1.54% —% 1.70% 2.84% Expected Life 6.5 years 0.0 years 6.6 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 six months ended September 30, 2019 was as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding, beginning of period 704,240 $ 85.33 Granted during period 6,500 137.58 Exercised during period (55,472 ) 65.87 Forfeited during period (4,643 ) 98.16 Expired during period (120 ) 82.86 Options outstanding, end of period 650,505 $ 87.42 6.9 years $ 26,137,340 Options exercisable, end of period 245,807 $ 71.81 3.9 years $ 13,687,863 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on September 30, 2019 and the exercise price, multiplied by the number of in-the-money options) that would have been received by option holders had all option holders exercised their options as of September 30, 2019 . This amount will change as the market price of the common stock changes. The total intrinsic value of options exercised during the periods ended September 30, 2019 and 2018 was as follows: September 30, September 30, Three months ended $ 1,515,230 $ 150,407 Six months ended $ 4,350,557 $ 1,091,547 As of September 30, 2019 , total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $12.6 million , which is expected to be recognized over a weighted-average period of approximately 4.8 years. Restricted Stock The Company did not grant any shares of restricted stock during the first six months of fiscal 2020. During fiscal 2019, the Company granted 760,420 shares of restricted stock (which are equity classified), to certain vice presidents, senior vice presidents, executive officers, and non-employee directors with a grant date weighted average fair value of $101.61 . During fiscal 2018, the Company granted 24,456 shares of restricted stock (which are equity classified) to certain executive officers, with a grant date weighted average fair value of $107.52 per share. One-third of these awards vest on each anniversary of the grant date over the three years following the grant date. 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 $13.4 million and $1.9 million for the six months ended September 30, 2019 and 2018 , respectively, which is included as a component of general and administrative expenses in the Company’s consolidated statements of operations. As of September 30, 2019 , there was approximately $52.5 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 4.0 years based on current estimates. A summary of the status of the Company’s restricted stock as of September 30, 2019 , and changes during the six months ended September 30, 2019 , are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2019 783,450 $ 100.66 Granted during the period — — Vested during the period (3,601 ) 101.78 Forfeited during the period — — Outstanding at September 30, 2019 779,849 $ 100.65 Total Stock-Based Compensation Total stock-based compensation included as a component of net income during the three and six month periods ended September 30, 2019 and 2018 was as follows: Three months ended September 30, Six months ended September 30, 2019 2018 2019 2018 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 1,604,772 $ 539,410 $ 3,226,110 $ 1,063,637 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 6,685,497 963,559 13,376,367 1,914,349 Total stock-based compensation related to equity classified awards $ 8,290,269 $ 1,502,969 $ 16,602,477 $ 2,977,986

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Sep. 30, 2019
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 Company's acquisition activity for the six months ended September 30, 2019 and 2018 . Six months ended September 30, 2019 2018 Acquisitions: Number of branches acquired through business combinations 37 3 Number of loan portfolios acquired through asset purchases 134 28 Total acquisitions 171 31 Purchase price $ 61,570,642 $ 12,015,872 Tangible assets: Loans receivable, net 46,952,848 9,264,527 Property and equipment 69,000 — Total tangible assets 47,021,848 9,264,527 Excess of purchase prices over carrying value of net tangible assets $ 14,548,794 $ 2,751,345 Customer lists $ 13,466,111 2,596,345 Non-compete agreements $ 855,000 155,000 Goodwill $ 227,683 — 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. The following table describes the Company's business combination activity for the six months ended September 30, 2019 . No. Acquiree Name Acquiree State(s) Date 1 Western Shamrock Corporation (11 branches) GA 4/29/2019 2 Western Shamrock Corporation (7 branches) SC 5/9/2019 3 Western Shamrock Corporation (3 branches) AL 5/14/2019 4 Loyal Loans (7 branches) UT 8/27/2019 5 Courtesy Loans (1 branch) IL 8/28/2019 6 Courtesy Loans (8 branches) MO, LA 9/6/2019 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. 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 their 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 a branch is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial. The results of all acquisitions have been included in the Company’s Consolidated Financial Statements since the respective acquisition 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	6 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
DEBT	DEBT Revolving Credit Facility In June 2019, the Company entered into an amended and restated revolving credit agreement, which amended and restated the prior revolving credit agreement to, among other things: (i) increase the aggregate commitments of the lenders to $685.0 million (from $480.0 million); (ii) permit the Company to purchase its equity securities or make other distributions in respect of its equity securities in the amount of $200 million from June 7, 2019 through June 1, 2020 plus up to 50% of consolidated adjusted net income for the period commencing on January 1, 2019, subject to certain restrictions; (iii) provide for a process to transition to a new benchmark interest rate from LIBOR, if necessary; (iv) extend the maturity date of the amended and restated revolving credit agreement to June 7, 2022; and (v) for clarity and convenience, restate the prior credit agreement, as amended since 2010. Under the amended and restated revolving credit agreement, the administrative agent has the right to set aside reasonable reserves against the available borrowing base in such amounts as it may deem appropriate, including, without limitation, reserves with respect to certain regulatory events or any increased operational, legal, or regulatory risk of the Company and its subsidiaries. At September 30, 2019 $518.8 million was outstanding under the Company's revolving credit facility, not including a $0.3 million outstanding standby letter of credit related to workers compensation. To the extent that the letter of credit is drawn upon, the disbursement will be funded by the credit facility. There are no amounts due related to the letter of credit as of September 30, 2019 . Subject to a borrowing base formula, the Company may borrow at the rate of LIBOR plus an applicable margin between 3.0% and 4.0% based on certain EBITDA related metrics set forth in the revolving credit agreement, which are determined and adjusted on a monthly basis with a minimum rate of 4.0% . The revolving credit facility has a commitment fee of 0.50% per annum on the unused portion of the commitment. Commitment fees on the unused portion of the borrowing totaled $0.7 million and $0.6 million for the six months ended September 30, 2019 and 2018 , respectively. For the six months ended September 30, 2019 and fiscal year ended March 31, 2019 , the Company’s effective interest rate, including the commitment fee and amortization of debt issuance costs, was 5.9% annualized and 6.7% , respectively, and the unused amount available under the revolver at September 30, 2019 was $165.9 million . Borrowings under the revolving credit facility mature on June 7, 2022 . Substantially all of the Company’s assets are pledged as collateral for borrowings under the revolving credit agreement. Debt Covenants The amended and restated revolving credit agreement contains affirmative and negative covenants, including covenants that generally restrict the ability of the Company and its subsidiaries to, among other things, incur or guarantee indebtedness, incur liens, pay dividends and repurchase or redeem capital stock, dispose of assets, engage in mergers and consolidations, make acquisitions or other investments, redeem or prepay subordinated debt, amend subordinated debt documents, make changes in the nature of its business, and engage in transactions with affiliates. The agreement also contains financial covenants, including: (i) a minimum consolidated net worth of $375.0 million ; (ii) a minimum fixed charge coverage ratio of 2.5 to 1.0; (iii) a maximum provision for loan losses for any four quarters then ending that meets or exceeds the net loan charge off for the corresponding period; and (iv) a maximum specified level for the collateral performance indicator of 24.0% , which is the sum of (a) a three-month rolling average rate of receivables at least sixty days past due and (b) an eight-month rolling average net charge-off rate. The agreement allows the Company to incur subordinated debt that matures after the termination date for the revolving credit facility and that contains specified subordination terms, subject to limitations on amount imposed by the financial covenants under the agreement. The Company was in compliance with these covenants at September 30, 2019 and March 31, 2019 and does not believe that these covenants will materially limit its business and expansion strategy. The agreement contains events of default including, without limitation, nonpayment of principal, interest or other obligations, violation of covenants, misrepresentation, cross-default to other debt, prohibited payments on or amendment to subordinated debt, bankruptcy and other insolvency events, judgments, certain ERISA events, defaults under certain other agreements, actual or asserted invalidity of loan documentation, invalidity of subordination provisions of subordinated debt, certain changes of control of the Company, other defaults under the agreement that are not remedied within thirty (30) days, invalidity of loan documents related to the agreement, appointment of a custodian, trustee, or receiver, and the occurrence of certain regulatory events (including the entry of any stay, order, judgment, cease and desist order, or other sanction (other than the imposition of a monetary fine), order, or ruling against the Company or any of its subsidiaries related in any way to the originating, holding, pledging, collecting, servicing, 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 12, such violation may give rise to an event of default under the agreement if such violation were to have a material adverse effect on the Company’s business, operations, results of operations, assets, liabilities, or condition (financial or otherwise), or a material impairment of the Company’s and the subsidiaries’ ability to perform their obligations under the agreement or related documents, or if the amount of any settlement, penalties, fines, or other payments resulted in the Company failing to satisfy any financial covenants.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES As of September 30, 2019 and March 31, 2019 , the Company had $6.0 million and $5.8 million , respectively, of total gross unrecognized tax benefits including interest. Approximately $5.5 million and $5.4 million , respectively, represent the amount of net unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. At September 30, 2019 , approximately $1.6 million of gross unrecognized tax benefits are expected to be resolved during the next twelve months through the expiration of the statute of limitations and settlement with taxing authorities. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. As of September 30, 2019 , the Company had approximately $1.9 million accrued for gross interest, of which $166.8 thousand was accrued during the six months ended September 30, 2019 . The Company is subject to U.S. 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 2015, although carryforward attributes that were generated prior to 2015 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 for continuing operations decreased to (10.3)% for the quarter ended September 30, 2019 compared to 20.4% for the prior year quarter. The decrease is primarily due to the recognition of tax credits under the Federal Historic Tax Credit program and a reduction in the permanent difference related to non-qualified stock option expense in the current quarter, which was partially offset by an increase in disallowed executive compensation under IRC Section 162(m).

LITIGATION

LITIGATION	6 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	Mexico Investigation As previously disclosed, the Company has retained outside legal counsel and forensic accountants to conduct an investigation of its operations in Mexico, focusing on the legality under the 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 voluntarily contacted the SEC and the DOJ in June 2017 to advise both agencies that an internal investigation was underway and that the Company intended to cooperate with both agencies. The Company has and will continue 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. The Company cannot determine at this time the ultimate effect that the investigation or any remedial measures will have on its financial condition or results of 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 result in modifications to our business practices and compliance programs. 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 or its ultimate disposition 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 or other laws 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, penalties, fines or other payments 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 discussions with the government. Further, under the terms of the stock purchase agreement among the Company and the Purchasers in connection with the sale of our Mexico operations, we are obligated to indemnify the Purchasers for claims and liabilities relating to certain investigations of our former Mexico operations, the Company, and its affiliates by the DOJ or the SEC that commenced prior to July 1, 2018. Any such indemnification claims could have a material adverse effect on our financial condition, including liquidity, and results of operations. General In addition, from time to time the Company is involved in litigation matters relating to claims arising out of its operations in the normal course of business. 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.

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 13 – SUBSEQUENT EVENTS Management is not aware of any significant events occurring subsequent to the balance sheet date that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

Discontinued Operations (Notes)

Discontinued Operations (Notes)	6 Months Ended
	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 2 – DISCONTINUED OPERATIONS As previously disclosed, the Company sold all of the issued and outstanding capital stock and equity interest of WAC de Mexico and SWAC to the Purchasers, effective as of July 1, 2018, for a purchase price of approximately $44.36 million. The Company has provided, and may continue to provide, limited ParaData systems and software training to the Purchasers, as requested. The Company has not and will not have any other involvement with the Mexico operations subsequent to the sale's effective date. There were no assets or liabilities of discontinued operations at September 30, 2019 and March 31, 2019. The following table reconciles the major classes of line items constituting loss from discontinued operations to the amounts presented in the consolidated statements of operations: Three months ended September 30, Six months ended September 30, 2018 2018 Revenues — $ 9,693,367 Provision for loan losses — 1,809,059 General and administrative expenses — 5,542,483 Income from discontinued operations before disposal of discontinued operations and income taxes — 2,341,825 Gain (loss) on disposal of discontinued operations 628,921 (38,377,623 ) Income taxes 150,343 626,583 Loss from discontinued operations 478,578 $ (36,662,381 ) The following table presents operating, investing and financing cash flows for the Company’s discontinued operations: Six months ended September 30, 2019 2018 Cash provided by operating activities: $ — $ 3,553,854 Cash provided by investing activities: — 1,138,084 Cash provided by (used in) financing activities: $ — $ (17,126,000 )

Leases (Notes)

Leases (Notes)	6 Months Ended
	Sep. 30, 2019
Operating Leased Assets [Line Items]
Leases of Lessee Disclosure [Text Block]	ASU No. 2016-02 Adoption The Company adopted the new lease accounting standard on April 1, 2019. See Note 3, “Summary of Significant Accounting Policies,” for an overview of the transition to this standard. Accounting Policies and Matters Requiring Management's Judgment When determining the economic life of a lease the Company adopts a convention of applying an economic life equal to the useful life as specified in its accounting policy. Refer to Note 1, “Property and Equipment,” to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2019 for a description of the Company's accounting policy regarding useful lives. The Company uses its effective annual interest rate as the discount rate when evaluating leases under Topic 842. Management applies its effective annual interest rate to leases entered for the entirety of the subsequent year. For example, fiscal 2019 ’s annual effective interest rate of 6.7% will be used in the determination of lease type as well as the discount rate when calculating the present value of lease payments for all leases entered into in fiscal 2020 or until a new annual effective interest rate is available for application. Based on its historical practice, the Company believes it is reasonably certain to exercise a given option associated with a given office space lease. Therefore, the Company classifies all lease options for office space as “reasonably certain” unless it has specific knowledge to the contrary for a given lease. The Company does not believe it is reasonably certain to exercise any options associated with its office equipment leases. Periodic Disclosures The Company's leases consist of real estate leases for office space as well as office equipment leases, all of which were classified as operating at September 30, 2019 . Both the real estate and office equipment leases range from three years to five years , and generally contain options to extend which mirror the original terms of the lease. The following table reports information about the Company's lease cost for the three and six months ended September 30, 2019 : Three months ended September 30, Six months ended September 30, 2019 2019 Lease Cost Operating lease cost $ 6,331,045 $ 12,653,350 Variable lease cost 808,682 1,614,685 Total lease cost $ 7,139,727 $ 14,268,035 The following table reports other information about the Company's leases for the three and six months ended September 30, 2019 : Three months ended September 30, Six months ended September 30, 2019 2019 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,181,758 $ 12,303,194 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 6,424,731 $ 37,073,292 Weighted average remaining lease term — operating leases 5.1 years 5.1 years Weighted-average discount rate — operating leases 6.7 % 6.7 % _______________________________________________________ (1) In May 2019 the Company executed a new 10 year lease agreement for its corporate headquarters in Greenville, SC. The lease payments are projected to commence in December 2019; however, execution of the lease agreement triggered recognition of the right-of-use asset in May 2019 for approximately $26.9 million. The following table reports information about the maturity of the Company's operating leases as of September 30, 2019 : Operating lease liability maturity analysis FY2020 $ 12,828,568 FY2021 24,253,675 FY2022 20,979,001 FY2023 16,785,853 FY2024 12,317,366 FY2025 8,293,707 Thereafter 30,005,000 Total undiscounted lease liability $ 125,463,170 Imputed interest 5,332,753 Total discounted lease liability $ 120,130,417 The Company had no leases with related parties at September 30, 2019 .

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Sep. 30, 2019
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 amounts and estimated fair values of the Company's financial instruments are summarized below. September 30, 2019 March 31, 2019 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 10,224,755 10,224,755 $ 9,335,433 9,335,433 Loans receivable, net 3 838,351,132 838,351,132 755,624,007 755,624,007 LIABILITIES Senior notes payable 3 518,831,400 518,831,400 251,940,000 251,940,000

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Sep. 30, 2019
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: September 30, March 31, September 30, Small loans $ 839,609,690 $ 736,643,663 $ 762,471,067 Large loans 433,389,225 383,686,372 363,884,295 Tax advance loans 1,147,879 7,627,348 436,834 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196
Summary of changes in the allowance for loan losses	The following is a summary of the changes in the allowance for loan losses for the periods indicated: Three months ended September 30, Six months ended September 30, 2019 2018 2019 2018 Balance at beginning of period $ 87,353,087 68,029,622 $ 81,519,624 $ 66,088,139 Provision for loan losses 52,968,036 40,358,696 94,259,107 70,949,315 Loan losses (42,604,434 ) (32,572,205 ) (82,128,421 ) (65,013,346 ) Recoveries 3,752,624 3,494,262 7,819,003 7,286,267 Balance at end of period $ 101,469,313 $ 79,310,375 $ 101,469,313 $ 79,310,375
Summary of loans individually and collectively evaluated for impairment	The following is a summary of loans individually and collectively evaluated for impairment for the period indicated: September 30, 2019 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,919,237 — 5,919,237 Gross loans contractually delinquent 67,515,456 — 67,515,456 Loans not contractually delinquent and not in bankruptcy — 1,200,712,101 1,200,712,101 Gross loan balance 73,434,693 1,200,712,101 1,274,146,794 Unearned interest and fees (15,408,232 ) (318,918,117 ) (334,326,349 ) Net loans 58,026,461 881,793,984 939,820,445 Allowance for loan losses (52,358,792 ) (49,110,521 ) (101,469,313 ) Loans, net of allowance for loan losses $ 5,667,669 832,683,463 838,351,132 March 31, 2019 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,644,203 — 4,644,203 Gross loans contractually delinquent 59,633,541 — 59,633,541 Loans not contractually delinquent and not in bankruptcy — 1,063,679,639 1,063,679,639 Gross loan balance 64,277,744 1,063,679,639 1,127,957,383 Unearned interest and fees (14,319,795 ) (276,493,957 ) (290,813,752 ) Net loans 49,957,949 787,185,682 837,143,631 Allowance for loan losses (45,511,124 ) (36,008,500 ) (81,519,624 ) Loans, net of allowance for loan losses $ 4,446,825 751,177,182 755,624,007 September 30, 2018 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,002,410 — 5,002,410 Gross loans contractually delinquent 54,677,031 — 54,677,031 Loans not contractually delinquent and not in bankruptcy — 1,067,112,755 1,067,112,755 Gross loan balance 59,679,441 1,067,112,755 1,126,792,196 Unearned interest and fees (12,519,916 ) (285,178,637 ) (297,698,553 ) Net loans 47,159,525 781,934,118 829,093,643 Allowance for loan losses (42,369,717 ) (36,940,658 ) (79,310,375 ) Loans, net of allowance for loan losses $ 4,789,808 744,993,460 749,783,268
Assessment of the credit quality	The following is an assessment of the credit quality of loans for the period indicated: September 30, March 31, September 30, Credit risk Consumer loans- non-bankrupt accounts $ 1,266,666,753 $ 1,121,895,834 $ 1,120,466,940 Consumer loans- bankrupt accounts 7,480,041 6,061,549 6,325,256 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,171,654,200 $ 1,039,774,448 $ 1,042,501,191 Contractual non-performing, 61 or more days delinquent (1) 102,492,594 88,182,935 84,291,005 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196 Credit risk profile based on customer type New borrower $ 152,893,420 $ 138,140,479 $ 130,010,547 Former borrower 143,234,099 116,242,182 134,554,113 Refinance 954,842,006 854,880,194 843,003,017 Delinquent refinance 23,177,269 18,694,528 19,224,519 Total gross loans $ 1,274,146,794 $ 1,127,957,383 $ 1,126,792,196
Summary of the past due receivables	The following is a summary of the past due receivables as of: September 30, March 31, September 30, Contractual basis: 30-60 days past due $ 55,199,165 40,300,574 44,729,889 61-90 days past due 34,977,138 28,549,394 29,613,974 91 days or more past due 67,515,456 59,633,541 54,677,031 Total $ 157,691,759 128,483,509 129,020,894 Percentage of period-end gross loans receivable 12.4 % 11.4 % 11.5 % Recency basis: 30-60 days past due $ 54,101,357 35,992,122 44,470,880 61-90 days past due 30,534,482 22,393,106 24,995,370 91 days or more past due 51,155,873 42,771,862 40,612,083 Total $ 135,791,712 101,157,090 110,078,333 Percentage of period-end gross loans receivable 10.7 % 9.0 % 9.8 %

AVERAGE SHARE INFORMATION (Tabl

AVERAGE SHARE INFORMATION (Tables)	6 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Summary of basic and diluted average common shares outstanding	The following is a summary of the basic and diluted average common shares outstanding: Three months ended September 30, Six months ended September 30, 2019 2018 2019 2018 Basic: Weighted average common shares outstanding (denominator) 7,807,229 9,072,160 8,155,263 9,063,524 Diluted: Weighted average common shares outstanding 7,807,229 9,072,160 8,155,263 9,063,524 Dilutive potential common shares securities 394,368 220,726 376,749 209,580 Weighted average diluted shares outstanding (denominator) 8,201,597 9,292,886 8,532,012 9,273,104

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Sep. 30, 2019
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 September 30, Six months ended September 30, 2019 2018 2019 2018 Dividend Yield —% —% —% —% Expected Volatility 51.25% —% 50.90% 53.02% Average risk-free rate 1.54% —% 1.70% 2.84% Expected Life 6.5 years 0.0 years 6.6 years 5.0 years
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block]	The Performance Option performance target is set forth below. Trailing 4-Quarter EPS Targets for September 30, 2018 through March 31, 2025 Options Eligible for Vesting (Percentage of Award) $25.30 100%
Summary schedule of stock option activity	ption activity for the six months ended September 30, 2019 was as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding, beginning of period 704,240 $ 85.33 Granted during period 6,500 137.58 Exercised during period (55,472 ) 65.87 Forfeited during period (4,643 ) 98.16 Expired during period (120 ) 82.86 Options outstanding, end of period 650,505 $ 87.42 6.9 years $ 26,137,340 Options exercisable, end of period 245,807 $ 71.81 3.9 years $ 13,687,863
Intrinsic value of options exercised	The total intrinsic value of options exercised during the periods ended September 30, 2019 and 2018 was as follows: September 30, September 30, Three months ended $ 1,515,230 $ 150,407 Six months ended $ 4,350,557 $ 1,091,547
Summary of the status and changes restricted stock	A summary of the status of the Company’s restricted stock as of September 30, 2019 , and changes during the six months ended September 30, 2019 , are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2019 783,450 $ 100.66 Granted during the period — — Vested during the period (3,601 ) 101.78 Forfeited during the period — — Outstanding at September 30, 2019 779,849 $ 100.65
Share-based compensation included as a component of net income	Total stock-based compensation included as a component of net income during the three and six month periods ended September 30, 2019 and 2018 was as follows: Three months ended September 30, Six months ended September 30, 2019 2018 2019 2018 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 1,604,772 $ 539,410 $ 3,226,110 $ 1,063,637 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 6,685,497 963,559 13,376,367 1,914,349 Total stock-based compensation related to equity classified awards $ 8,290,269 $ 1,502,969 $ 16,602,477 $ 2,977,986
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block]	The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for September 30, 2018 through March 31, 2025 Restricted Stock Eligible for Vesting (Percentage of Award) $16.35 40% $20.45 60%

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Sep. 30, 2019
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 Company's acquisition activity for the six months ended September 30, 2019 and 2018 . Six months ended September 30, 2019 2018 Acquisitions: Number of branches acquired through business combinations 37 3 Number of loan portfolios acquired through asset purchases 134 28 Total acquisitions 171 31 Purchase price $ 61,570,642 $ 12,015,872 Tangible assets: Loans receivable, net 46,952,848 9,264,527 Property and equipment 69,000 — Total tangible assets 47,021,848 9,264,527 Excess of purchase prices over carrying value of net tangible assets $ 14,548,794 $ 2,751,345 Customer lists $ 13,466,111 2,596,345 Non-compete agreements $ 855,000 155,000 Goodwill $ 227,683 — 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. The following table describes the Company's business combination activity for the six months ended September 30, 2019 . No. Acquiree Name Acquiree State(s) Date 1 Western Shamrock Corporation (11 branches) GA 4/29/2019 2 Western Shamrock Corporation (7 branches) SC 5/9/2019 3 Western Shamrock Corporation (3 branches) AL 5/14/2019 4 Loyal Loans (7 branches) UT 8/27/2019 5 Courtesy Loans (1 branch) IL 8/28/2019 6 Courtesy Loans (8 branches) MO, LA 9/6/2019 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. 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 their 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 a branch is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial. The results of all acquisitions have been included in the Company’s Consolidated Financial Statements since the respective acquisition 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 Company's acquisition activity for the six months ended September 30, 2019 and 2018 . Six months ended September 30, 2019 2018 Acquisitions: Number of branches acquired through business combinations 37 3 Number of loan portfolios acquired through asset purchases 134 28 Total acquisitions 171 31 Purchase price $ 61,570,642 $ 12,015,872 Tangible assets: Loans receivable, net 46,952,848 9,264,527 Property and equipment 69,000 — Total tangible assets 47,021,848 9,264,527 Excess of purchase prices over carrying value of net tangible assets $ 14,548,794 $ 2,751,345 Customer lists $ 13,466,111 2,596,345 Non-compete agreements $ 855,000 155,000 Goodwill $ 227,683 —

Discontinued Operations Reconci

Discontinued Operations Reconciliation to consolidated statement of operations (Tables)	6 Months Ended
	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups, Including Discontinued Operations [Table Text Block]	The following table reconciles the major classes of line items constituting loss from discontinued operations to the amounts presented in the consolidated statements of operations: Three months ended September 30, Six months ended September 30, 2018 2018 Revenues — $ 9,693,367 Provision for loan losses — 1,809,059 General and administrative expenses — 5,542,483 Income from discontinued operations before disposal of discontinued operations and income taxes — 2,341,825 Gain (loss) on disposal of discontinued operations 628,921 (38,377,623 ) Income taxes 150,343 626,583 Loss from discontinued operations 478,578 $ (36,662,381 )

Discontinued Operations Cash fl

Discontinued Operations Cash flow disposal group (Tables)	6 Months Ended
	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	The following table presents operating, investing and financing cash flows for the Company’s discontinued operations: Six months ended September 30, 2019 2018 Cash provided by operating activities: $ — $ 3,553,854 Cash provided by investing activities: — 1,138,084 Cash provided by (used in) financing activities: $ — $ (17,126,000 )

Leases (Tables)

Leases (Tables)	6 Months Ended
	Sep. 30, 2019
Operating Leased Assets [Line Items]
Lease, Cost [Table Text Block]	The following table reports information about the Company's lease cost for the three and six months ended September 30, 2019 : Three months ended September 30, Six months ended September 30, 2019 2019 Lease Cost Operating lease cost $ 6,331,045 $ 12,653,350 Variable lease cost 808,682 1,614,685 Total lease cost $ 7,139,727 $ 14,268,035
Lessee, Operating Lease, Disclosure [Table Text Block]	The following table reports other information about the Company's leases for the three and six months ended September 30, 2019 : Three months ended September 30, Six months ended September 30, 2019 2019 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,181,758 $ 12,303,194 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 6,424,731 $ 37,073,292 Weighted average remaining lease term — operating leases 5.1 years 5.1 years Weighted-average discount rate — operating leases 6.7 % 6.7 % _______________________________________________________ (1) In May 2019 the Company executed a new 10 year lease agreement for its corporate headquarters in Greenville, SC. The lease payments are projected to commence in December 2019; however, execution of the lease agreement triggered recognition of the right-of-use asset in May 2019 for approximately $26.9 million.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table reports information about the maturity of the Company's operating leases as of September 30, 2019 : Operating lease liability maturity analysis FY2020 $ 12,828,568 FY2021 24,253,675 FY2022 20,979,001 FY2023 16,785,853 FY2024 12,317,366 FY2025 8,293,707 Thereafter 30,005,000 Total undiscounted lease liability $ 125,463,170 Imputed interest 5,332,753 Total discounted lease liability $ 120,130,417

SUMMARY OF SIGNIFICANT POLICI_2

SUMMARY OF SIGNIFICANT POLICIES Accounting Standards (Details) - USD ($)	Sep. 30, 2019	Mar. 31, 2019
Item Effected [Line Items]
Operating Lease, Right-of-Use Asset	$ 119,403,263	$ 0
Deferred Rent Credit, Current	400,000
Operating Lease, Liability	120,130,417	$ 0
Accounting Standards Update 2016-02 [Member]
Item Effected [Line Items]
Operating Lease, Right-of-Use Asset	92,300,000
Operating Lease, Liability	$ 92,700,000

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Mar. 31, 2019
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	$ 518,831,400	$ 251,940,000
Reported Value Measurement [Member] | Senior notes payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	518,831,400	251,940,000
Estimate of Fair Value Measurement [Member] | Senior notes payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	518,831,400	251,940,000
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	10,224,755	9,335,433
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	10,224,755	9,335,433
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Receivables, Fair Value Disclosure	838,351,132	755,624,007
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	$ 838,351,132	$ 755,624,007

RECEIVABLES AND ALLOWANCE FOR L

RECEIVABLES AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment			$ 53,400,000	$ 44,200,000
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period	$ 87,353,087	$ 68,029,622	81,519,624	66,088,139
Provision for loan losses	52,968,036	40,358,696	94,259,107	70,949,315
Loan losses	(42,604,434)	(32,572,205)	(82,128,421)	(65,013,346)
Recoveries	3,752,624	3,494,262	7,819,003	7,286,267
Balance at end of period	101,469,313	79,310,375	101,469,313	79,310,375
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans					$ 5,919,237	$ 4,644,203	$ 5,002,410
91 days or more delinquent, excluding bankruptcy					67,515,456	59,633,541	54,677,031
Loans less than 91 days delinquent and not in bankruptcy					1,200,712,101	1,063,679,639	1,067,112,755
Loans and Leases Receivable, Gross					1,274,146,794	1,127,957,383	1,126,792,196
Unearned interest and fees					(334,326,349)	(290,813,752)	(297,698,553)
Net loans					939,820,445	837,143,631	829,093,643
Allowance for loan losses	(87,353,087)	(68,029,622)	(81,519,624)	(66,088,139)	(101,469,313)	(81,519,624)	(79,310,375)
Loans receivable, net					838,351,132	755,624,007	749,783,268
Loans individually evaluated for impairment (impaired loans) [Member]
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period			45,511,124
Balance at end of period	52,358,792	42,369,717	52,358,792	42,369,717
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans					5,919,237	4,644,203	5,002,410
91 days or more delinquent, excluding bankruptcy					67,515,456	59,633,541	54,677,031
Loans less than 91 days delinquent and not in bankruptcy					0	0	0
Loans and Leases Receivable, Gross					73,434,693	64,277,744	59,679,441
Unearned interest and fees					(15,408,232)	(14,319,795)	(12,519,916)
Net loans					58,026,461	49,957,949	47,159,525
Allowance for loan losses	(52,358,792)	(42,369,717)	(52,358,792)	(42,369,717)	(52,358,792)	(45,511,124)	(42,369,717)
Loans receivable, net					5,667,669	4,446,825	4,789,808
Loans collectively evaluated for impairment [Member]
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period			36,008,500
Balance at end of period	49,110,521	36,940,658	49,110,521	36,940,658
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					1,200,712,101	1,063,679,639	1,067,112,755
Loans and Leases Receivable, Gross					1,200,712,101	1,063,679,639	1,067,112,755
Unearned interest and fees					(318,918,117)	(276,493,957)	(285,178,637)
Net loans					881,793,984	787,185,682	781,934,118
Allowance for loan losses	$ (49,110,521)	$ (36,940,658)	$ (49,110,521)	$ (36,940,658)	(49,110,521)	(36,008,500)	(36,940,658)
Loans receivable, net					$ 832,683,463	$ 751,177,182	$ 744,993,460

ALLOWANCE FOR LOAN LOSSES (Asse

ALLOWANCE FOR LOAN LOSSES (Assessment of Credit Quality) (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 53,400,000	$ 44,200,000
Gross loan balance	1,274,146,794	1,126,792,196	$ 1,127,957,383
Consumer loans- non-bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,266,666,753	1,120,466,940	1,121,895,834
Consumer loans- bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	7,480,041	6,325,256	6,061,549
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,171,654,200	1,042,501,191	1,039,774,448
Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	102,492,594	84,291,005	88,182,935
New borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	152,893,420	130,010,547
New borrower [Member] | New borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			138,140,479
Former borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	143,234,099	134,554,113
Former borrower [Member] | Former borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			116,242,182
Refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	954,842,006	843,003,017
Refinance [Member] | Refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			854,880,194
Delinquent refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	$ 23,177,269	$ 19,224,519
Delinquent refinance [Member] | Delinquent refinance [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance			$ 18,694,528

ALLOWANCE FOR LOAN LOSSES (Summ

ALLOWANCE FOR LOAN LOSSES (Summary of Past Due Receivables) (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans and Leases Receivable, Allowance	$ (101,469,313)	$ (87,353,087)	$ (81,519,624)	$ (79,310,375)	$ (68,029,622)	$ (66,088,139)
Financing Receivable, Bankruptcy	5,919,237		4,644,203	5,002,410
Financing Receivable, Recorded Investment, Past Due	$ 135,791,712		$ 101,157,090	$ 110,078,333
Financing Receivable, Percent Past Due	10.70%		9.00%	9.80%
Financing Receivables, Delinquent, excluding bankruptcy	$ 67,515,456		$ 59,633,541	$ 54,677,031
Financing Receivables Less Than Ninety One Days Delinquent Excluding Bankruptcy	1,200,712,101		1,063,679,639	1,067,112,755
Loans and Leases Receivable, Gross	1,274,146,794		1,127,957,383	1,126,792,196
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	334,326,349		290,813,752	297,698,553
Loans and Leases Receivable, Net of Deferred Income	939,820,445		837,143,631	829,093,643
Loans and Leases Receivable, Net Amount	838,351,132		755,624,007	749,783,268
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	54,101,357		35,992,122	44,470,880
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	30,534,482		22,393,106	24,995,370
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	51,155,873		42,771,862	40,612,083
Contractual basis [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 157,691,759		$ 128,483,509	$ 129,020,894
Financing Receivable, Percent Past Due				11.50%
Contractual basis [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Percent Past Due	12.40%		11.40%
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	$ 55,199,165		$ 40,300,574	$ 44,729,889
Contractual basis [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	34,977,138		28,549,394	29,613,974
Contractual basis [Member] | 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	$ 67,515,456		$ 59,633,541	$ 54,677,031

ALLOWANCE FOR LOAN LOSSES Finan

ALLOWANCE FOR LOAN LOSSES Financing Receivables (Details) - USD ($)	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 1,274,146,794	$ 1,127,957,383	$ 1,126,792,196
Small loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	839,609,690	736,643,663	762,471,067
Large loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	433,389,225	383,686,372	363,884,295
Sales finance loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 1,147,879	$ 7,627,348	$ 436,834

AVERAGE SHARE INFORMATION (Deta

AVERAGE SHARE INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Basic:
Weighted average common shares outstanding (in shares)	7,807,229	9,072,160	8,155,263	9,063,524
Diluted:
Weighted average common shares outstanding (in shares)	7,807,229	9,072,160	8,155,263	9,063,524
Dilutive potential common shares stock options (in shares)	394,368	220,726	376,749	209,580
Weighted average diluted shares outstanding (in shares)	8,201,597	9,292,886	8,532,012	9,273,104
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	655,462	468,253	669,374	477,357
Net Income (Loss) Attributable to Parent	$ 4,220,001	$ 14,537,645	$ 12,828,400	$ (6,965,649)
Earnings Per Share, Basic	$ 0.54	$ 1.60	$ 1.57	$ (0.77)
Earnings Per Share, Diluted	$ 0.51	$ 1.56	$ 1.50	$ (0.75)

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Document Fiscal Year Focus			2020
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	655,462	468,253	669,374	477,357
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	51.25%	0.00%	50.90%	53.02%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.54%	0.00%	1.70%	2.84%
Stock Option Plans [Abstract]
Number of shares available for grant (in shares)	204,744		204,744
Weighted-average fair value at the grant date	$ 71.31		$ 70.69	$ 49.67
Options Activity [Roll Forward]
Exercised (in shares)	(15,706)	(4,446)	(55,472)	(25,276)
Restricted Stock [Abstract]
Grant date fair value (in dollars per share)			$ 101.61	$ 107.52
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Grant date fair value (in dollars per share)			$ 101.61	$ 107.52
Compensation related to stock option and restricted stock plans			$ 16,602,477	$ 2,977,986
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years 6 months	0 days	6 years 7 months 6 days	5 years
Stock Options Plans [Member]
Stock Option Plans [Abstract]
Shares of authorized common stock reserved for issuance (in shares)	4,350,000		4,350,000
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)			704,240
Granted (in shares)			6,500
Exercised (in shares)			(55,472)
Forfeited (in shares)			(4,643)
Expired (in shares)			(120)
Options outstanding, end of period (in shares)	650,505		650,505
Options exercisable, end of period (in shares)	245,807		245,807
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)			$ 85.33
Granted (in dollars per share)			137.58
Exercised (in dollars per share)			65.87
Forfeited (in dollars per share)			98.16
Expired (in dollars per share)			82.86
Options outstanding, end of period (in dollars per share)	$ 87.42		87.42
Options exercisable, end of period (in dollars per share)	$ 71.81		$ 71.81
Stock Option Activity Additional Disclosures [Abstract]
Weighted-average remaining contractual term, Options outstanding, end of period			6 years 10 months 24 days
Weighted-average remaining contractual terms, Options exercisable, end of period			3 years 10 months 24 days
Aggregate intrinsic value, Options outstanding, end of period	$ 26,137,340		$ 26,137,340
Aggregate intrinsic value, Options exercisable, end of period	13,687,863		13,687,863
Intrinsic value of options exercised	1,515,230	$ 150,407	4,350,557	$ 1,091,547
Compensation Cost Not yet Recognized [Abstract]
Total unrecognized stock-based compensation expense related to non-vested stock options	12,600,000		$ 12,600,000
Weighted average period for recognition			4 years 9 months 18 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			4 years 9 months 18 days
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans	1,604,772	539,410	$ 3,226,110	$ 1,063,637
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross			760,420	24,456
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	$ 52,500,000		$ 52,500,000
Summary of the status and changes in restricted stock [Roll Forward]
Outstanding at Beginning of Year (in shares)			783,450
Awards granted (in shares)			0
Vested during the period, net of cancellations (in shares)			(3,601)
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited			0
Outstanding at End of Period (in shares)	779,849		779,849
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at March 31, 2012 (in dollars per share)			$ 100.66
Grant date fair value (in dollars per share)			0
Vested during the period, net of cancellations (in dollars per share)			101.78
Cancelled during the period (in dollars per share)			0
Outstanding at June 30, 2012 (in dollars per share)	$ 100.65		$ 100.65
Compensation related to stock option and restricted stock plans	$ 6,685,497	963,559	$ 13,376,367	$ 1,914,349
Equity Securities [Member]
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans	$ 8,290,269	$ 1,502,969	$ 16,602,477	$ 2,977,986
Performance Shares [Member]
Compensation Cost Not yet Recognized [Abstract]
Weighted average period for recognition			4 years
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			4 years
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

STOCK-BASED COMPENSATION Perfor

STOCK-BASED COMPENSATION Performance targets (Details)	6 Months Ended
	Sep. 30, 2019USD ($)
Target 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Target, Earnings Per Share Target	$ 16.35
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Target, Vesting Percentage	40.00%
Target 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Target, Earnings Per Share Target	$ 20.45
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Target, Vesting Percentage	60.00%
Target 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Target, Earnings Per Share Target	$ 25.30
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Target, Vesting Percentage	100.00%

ACQUISITIONS (Details)

ACQUISITIONS (Details)	6 Months Ended
	Sep. 30, 2019USD ($)acquisition	Sep. 30, 2018USD ($)acquisition
Business Acquisition [Line Items]
Number of offices purchased | acquisition	37	3
Number Of Offices Purchased and Merged into Existing Offices | acquisition	134	28
Total acquisitions | acquisition	171	31
Business Combination, Acquired Receivable, Fair Value	$ 46,952,848	$ 9,264,527
Intangible Assets, Net (Including Goodwill)	14,548,794	2,751,345
Furniture, fixtures & equipment	69,000	0
Total tangible assets	47,021,848	9,264,527
Finite-Lived Customer Lists, Gross	13,466,111	2,596,345
Finite-Lived Noncompete Agreements, Gross	855,000	155,000
Goodwill, Fair Value Disclosure	$ 227,683	0
Loans and Leases Receivable, Average Loan Period	8 months
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Purchase Price	$ 61,570,642	$ 12,015,872

DEBT (Details)

DEBT (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount	$ 300,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%
Debt Instrument, Interest Rate, Effective Percentage	5.90%		6.70%
Debt Instrument, Unused Borrowing Capacity, Fee	$ 700,000	$ 600,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	685,000,000
Amount outstanding	$ 518,800,000
Reference rate	LIBOR
Unused amount available	$ 165,900,000
Expiration date	Jun. 7, 2022
Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Mar. 31, 2019
Income Tax Contingency [Line Items]
Proceeds from Equity Method Investment, Distribution, Return of Capital			$ 17,100,000
Tax Credit Carryforward, Valuation Allowance	$ 7,900,000		7,900,000
Total gross unrecognized tax benefits including interest	6,000,000		6,000,000	$ 5,800,000
Unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate	5,500,000		5,500,000	$ 5,400,000
Gross unrecognized tax benefits expected to be resolved during the next 12 months through settlements with taxing authorities or the expiration of the statute of limitations	1,600,000		1,600,000
Accrued gross interest	$ 1,900,000		1,900,000
Current period gross interest expense			$ 166,800
Effective Income Tax Rate Reconciliation, Percent	(10.30%)	20.40%

Discontinued Operations Recon_2

Discontinued Operations Reconciliation to consolidated balance sheet (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019	Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue		$ 0		$ 9,693,367
Disposal Group, Including Discontinued Operation, Other Expense		0		1,809,059
Provision for Loan and Lease Losses	$ 52,968,036	40,358,696	$ 94,259,107	70,949,315
Disposal Group, Including Discontinued Operation, General and Administrative Expense		0		5,542,483
General and Administrative Expense	78,452,383	64,935,848	160,228,746	132,713,203
Interest Expense	6,327,817	4,157,999	10,731,145	8,383,000
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	0	0	0	2,341,825
Discontinued Operation, Tax Effect of Discontinued Operation	0	150,343	0	626,583
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	478,578	0	(36,662,381)
Cash and cash equivalents	$ 0	$ 0	$ 0	0	$ 0	$ 19,612,471
Parent Company [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Provision for Loan and Lease Losses				$ 70,949,315

Discontinued Operations Cash _2

Discontinued Operations Cash flow for discontinued operations (Details) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Cash Provided by (Used in) Operating Activities, Discontinued Operations	$ 0	$ 3,553,854
Cash Provided by (Used in) Investing Activities, Discontinued Operations	0	1,138,084
Cash Provided by (Used in) Financing Activities, Discontinued Operations	$ 0	$ (17,126,000)

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 119,403,263	$ 119,403,263	$ 0
Debt Instrument, Interest Rate, Effective Percentage	5.90%	5.90%	6.70%
Operating Lease, Payments	$ 6,181,758	$ 12,303,194
Cash Flow, Investing Activities, Lessee [Abstract]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 6,424,731	$ 37,073,292
Operating Lease, Weighted Average Remaining Lease Term	5 years 1 month 6 days	5 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	6.70%	6.70%
Document Fiscal Year Focus		2020
Lessee, Operating Lease, Liability, Payments, Due	$ 125,463,170	$ 125,463,170
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	5,332,753	5,332,753
Operating Lease, Liability	120,130,417	120,130,417	$ 0
Operating Lease, Cost	6,331,045	12,653,350
Variable Lease, Cost	808,682	1,614,685
Lease, Cost	$ 7,139,727	$ 14,268,035
Minimum [Member]
Cash Flow, Investing Activities, Lessee [Abstract]
Lessee, Finance Lease, Term of Contract	3 years	3 years
Maximum [Member]
Cash Flow, Investing Activities, Lessee [Abstract]
Lessee, Finance Lease, Term of Contract	5 years	5 years

Leases Operating lease future m

Leases Operating lease future maturities (Details)	Sep. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Finance Lease, Liability, Payments, Due Next Twelve Months	$ 12,828,568
Operating Leases, Future Minimum Payments, Due in Two Years	24,253,675
Finance Lease, Liability, Payments, Due Year Two	20,979,001
Lessee, Operating Lease, Liability, Payments, Due Year Three	16,785,853
Lessee, Operating Lease, Liability, Payments, Due Year Four	12,317,366
Finance Lease, Liability, Payments, Due Year Five	8,293,707
Operating Leases, Future Minimum Payments, Due Thereafter	$ 30,005,000