World Acceptance (WRLD) 10-Q 10 Feb 20 2020 Q3 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	9 Months Ended
	Dec. 31, 2019	Jan. 31, 2020
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 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	104 S Main Street
Entity Address, City or Town	Greenville,
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29601
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		7,932,313
Entity Central Index Key	0000108385
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Dec. 31, 2019	Mar. 31, 2019
ASSETS
Cash and cash equivalents	$ 12,038,992	$ 9,335,433
Loans and Leases Receivable, Gross	1,372,768,580	1,127,957,383
Less:
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	366,034,067	290,813,752
Unearned interest, insurance and fees	(366,034,067)	(290,813,752)
Allowance for loan losses	(113,069,641)	(81,519,624)
Loans receivable, net	893,664,872	755,624,007
Operating Lease, Right-of-Use Asset	122,841,353	0
Property and equipment, net	28,215,117	25,424,183
Deferred income taxes	30,544,941	23,830,899
Other assets, net	23,640,426	18,398,935
Goodwill	7,240,419	7,034,463
Intangible assets, net	24,825,430	15,340,153
Total assets	1,143,011,550	854,988,073
Liabilities:
Senior notes payable	583,731,400	251,940,000
Income taxes payable	52,274	11,550,197
Operating Lease, Liability	123,667,502	0
Accounts payable and accrued expenses	43,403,227	39,381,251
Total liabilities	750,854,403	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	221,172,751	198,125,649
Retained earnings	170,984,396	353,990,976
Total shareholders' equity	392,157,147	552,116,625
Total liabilities and shareholders' equity	$ 1,143,011,550	$ 854,988,073

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 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)	7,932,013	9,284,118
Common stock, shares outstanding (in shares)	7,932,013	9,284,118

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Interest and fee income	$ 130,224,337	$ 122,998,784	$ 379,225,518	$ 344,933,259
Insurance commissions and other income	16,854,871	14,640,547	47,868,789	42,611,820
Total revenues	147,079,208	137,639,331	427,094,307	387,545,079
Expenses:
Provision for loan losses	55,219,470	48,943,886	149,478,577	119,893,201
General and administrative expenses:
Personnel	49,375,486	47,284,258	151,445,733	127,984,567
Occupancy and equipment	13,544,378	12,144,964	40,455,146	35,854,545
Advertising	8,181,106	8,929,228	20,560,667	18,884,827
Amortization of intangible assets	1,390,934	372,270	3,603,528	911,218
Other	17,631,727	8,233,451	34,287,303	26,042,217
Total general and administrative expenses	90,123,631	76,964,171	250,352,377	209,677,374
Interest expense	7,130,178	4,637,154	17,861,323	13,020,154
Total expenses	152,473,279	130,545,211	417,692,277	342,590,729
Income before income taxes	(5,394,071)	7,094,120	9,402,030	44,954,350
Income taxes	429,997	833,958	2,397,698	8,997,456
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(5,824,068)	6,260,162	7,004,332	35,956,894
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	0	0	(38,377,623)
Discontinued Operation, Tax Effect of Discontinued Operation	0	0	0	626,583
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	0	0	(36,662,381)
Net income	$ (5,824,068)	$ 6,260,162	$ 7,004,332	$ (705,487)
Income (Loss) from Continuing Operations, Per Basic Share	$ (0.81)	$ 0.69	$ 0.89	$ 3.96
Income (Loss) from Continuing Operations, Per Diluted Share	(0.81)	0.67	0.86	3.88
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		(4.04)
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		(3.95)
Net income per common share:
Basic (in dollars per share)	(0.81)	0.69	0.89	(0.08)
Diluted (in dollars per share)	$ (0.81)	$ 0.67	$ 0.86	$ (0.08)
Weighted average common shares outstanding:
Basic (in shares)	7,220,938	9,108,516	7,842,689	9,078,576
Diluted (in shares)	7,220,938	9,278,834	8,163,307	9,275,068

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Net income	$ (5,824,068)	$ 6,260,162	$ 7,004,332	$ (705,487)
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	0	0	31,290,918
Comprehensive income	$ (5,824,068)	$ 6,260,162	$ 7,004,332	$ 25,349,593

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	45,456
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	$ 2,815,599
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	713,271
Issuance of restricted common stock under stock option plan	$ 6,131,165	6,131,165
Stock option expense	2,424,986	2,424,986
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	(705,487)		(705,487)
Balances at Dec. 31, 2018	$ 574,068,886	187,258,977	386,809,909	0
Common Stock, Shares, Outstanding	9,153,145
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	20,180
Balances at Sep. 30, 2018	$ 564,990,675	180,680,619	384,310,056	0
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	$ 1,000,193	1,000,193
Stock Repurchased and Retired During Period, Shares	(38,822)
Stock Repurchased and Retired During Period, Value			(3,760,309)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	704,845
Issuance of restricted common stock under stock option plan	$ 4,216,816	4,216,816
Stock option expense	1,361,349	1,361,349
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0
Net income	6,260,162		6,260,162
Balances at Dec. 31, 2018	$ 574,068,886	187,258,977	386,809,909	0
Common Stock, Shares, Outstanding	9,839,348
Common Stock, Shares, Outstanding	9,284,118
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	69,181				69,181
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	$ 4,589,974
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	(29,106)
Issuance of restricted common stock under stock option plan	$ 14,062,985	14,062,985
Stock option expense	4,394,143	4,394,143
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0
Net income	7,004,332		7,004,332
Balances at Dec. 31, 2019	$ 392,157,147	221,172,751	170,984,396	0
Common Stock, Shares, Outstanding	7,945,842
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	13,709
Balances at Sep. 30, 2019	$ 394,944,037	218,135,573	176,808,464	0
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options, including tax benefits	$ 935,877	935,877
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	(27,538)
Issuance of restricted common stock under stock option plan	$ 933,268	933,268
Stock option expense	1,168,033	1,168,033
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0
Net income	(5,824,068)		(5,824,068)
Balances at Dec. 31, 2019	$ 392,157,147	$ 221,172,751	$ 170,984,396	$ 0
Common Stock, Shares, Outstanding	7,932,013

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)	13,709	20,180	69,181	45,456
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	$ 4,229,509	$ 1,348,952	$ 4,476,159	$ 1,348,952

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flow from operating activities:
Net income	$ 7,004,332	$ (705,487)
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	3,603,528	911,218
Amortization of loan costs and discounts	389,445	456,568
Provision for loan losses	149,478,577	119,893,201
Depreciation	5,268,517	5,015,745
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	(106,703)	(50,139)
Deferred income tax benefit	(6,714,042)	(3,606,647)
Compensation related to stock option and restricted stock plans	22,933,287	9,905,103
Change in accounts:
Other assets, net	3,813,387	(3,946,708)
Income taxes payable	(11,497,923)	(3,297,313)
Accounts payable and accrued expenses	4,021,976	1,100,829
Net Cash Provided by (Used in) Operating Activities	170,567,607	164,154,271
Cash flows from investing activities:
Increase in loans receivable, net	(244,483,146)	(239,976,349)
Purchases of property and equipment	(8,037,189)	(6,973,951)
Proceeds from Sale of Property, Plant, and Equipment	153,441	257,740
Proceeds from Divestiture of Businesses	0	37,494,505
Net cash used in investing activities	(308,766,951)	(248,382,565)
Cash flow from financing activities:
Borrowings from senior notes payable	473,291,400	246,640,000
Payments on senior notes payable	(141,500,000)	(183,500,000)
Proceeds from exercise of stock options	4,589,974	2,815,599
Payments Related to Tax Withholding for Share-based Compensation	(4,476,159)	(1,348,952)
Payments of Loan Costs	(991,400)	(240,000)
Repurchase of common stock	(190,010,912)	(3,760,309)
Net cash provided by financing activities	140,902,903	60,606,338
Increase in cash and cash equivalents	2,703,559	(20,954,509)
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		11,131,795
Cash and cash equivalents at end of period	12,038,992
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	16,091,487	11,865,748
Income Taxes Paid	22,135,053	16,976,977
Net assets acquired from acquisition primarily loans	(43,105,296)	(30,232,918)
Net Assets Acquired from Acquisition, Intangibles	(13,294,761)	(8,951,592)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$ 12,038,992	11,131,795
Parent Company [Member]
Provision for loan losses		$ 119,893,201

Segments Statement

Segments Statement - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 147,079,208	$ 137,639,331	$ 427,094,307	$ 387,545,079
Provision for Loan and Lease Losses	55,219,470	48,943,886	149,478,577	119,893,201
General and Administrative Expense	90,123,631	76,964,171	250,352,377	209,677,374
Interest Expense	7,130,178	4,637,154	17,861,323	13,020,154
Income Tax Expense (Benefit)	429,997	833,958	2,397,698	8,997,456
Net Income (Loss) Attributable to Parent	(5,824,068)	$ 6,260,162	7,004,332	$ (705,487)
Assets	$ 1,143,011,550		$ 1,143,011,550		$ 854,988,073

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements of the Company at December 31, 2019 , and for the three and nine months then ended were prepared in accordance with the instructions for Form 10-Q and are unaudited; however, in the opinion of management all adjustments (consisting only of items of a normal, recurring nature) necessary for a fair presentation of the financial position at December 31, 2019 , and the results of operations and cash flows for the periods ended December 31, 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	9 Months Ended
	Dec. 31, 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 (loss) or shareholders' equity. Adjustments subsequent to the release of earnings on January 30, 2020 The Company made certain adjustments to its calculation of diluted weighted average common shares outstanding for the three-month period ended December 31, 2019. In accordance with ASC 260-10-45, the adjustments correctly present the effect of anti-dilutive shares on net loss per common share from continuing operations, diluted ("Diluted EPS"). As a result of these adjustments, Diluted EPS for the three months ended December 31, 2019 of $(0.78) was corrected to $(0.81) in this report. 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, amended in November 2019 (ASU 2019-11). 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. We are in the process of testing and refining our new methodology that will comply with the standard. The results of our preliminary tests, using the new methodology, indicated that our allowance for losses could increase between $10.0 and $20.0 million upon implementation of ASU 2016-13. The ultimate impact on the date of adoption will depend on refinements to our model, methodology and key assumptions. We reviewed all other newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the consolidated financial statements as a result of future adoption.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Dec. 31, 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. December 31, 2019 March 31, 2019 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 12,038,992 12,038,992 $ 9,335,433 9,335,433 Loans receivable, net 3 893,664,872 893,664,872 755,624,007 755,624,007 LIABILITIES Senior notes payable 3 583,731,400 583,731,400 251,940,000 251,940,000 There were no significant assets or liabilities measured at fair value on a non-recurring basis as of December 31, 2019 or March 31, 2019 .

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The following is a summary of gross loans receivable as of: December 31, March 31, December 31, Small loans $ 901,610,938 $ 736,643,663 $ 857,862,767 Large loans 470,962,956 383,686,372 400,936,499 Tax advance loans 194,686 7,627,348 108,639 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905 The following is a summary of the changes in the allowance for loan losses for the periods indicated: Three months ended December 31, Nine months ended December 31, 2019 2018 2019 2018 Balance at beginning of period $ 101,469,313 79,310,375 $ 81,519,624 $ 66,088,139 Provision for loan losses 55,219,470 48,943,886 149,478,577 119,893,201 Loan losses (46,850,430 ) (40,001,055 ) (128,978,851 ) (105,014,401 ) Recoveries 3,231,288 3,052,628 11,050,291 10,338,895 Balance at end of period $ 113,069,641 $ 91,305,834 $ 113,069,641 $ 91,305,834 The following is a summary of loans individually and collectively evaluated for impairment for the period indicated: December 31, 2019 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,066,019 — 5,066,019 Gross loans contractually delinquent 80,765,569 — 80,765,569 Loans not contractually delinquent and not in bankruptcy — 1,286,936,992 1,286,936,992 Gross loan balance 85,831,588 1,286,936,992 1,372,768,580 Unearned interest and fees (19,140,361 ) (346,893,706 ) (366,034,067 ) Net loans 66,691,227 940,043,286 1,006,734,513 Allowance for loan losses (61,840,514 ) (51,229,127 ) (113,069,641 ) Loans, net of allowance for loan losses $ 4,850,713 888,814,159 893,664,872 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 December 31, 2018 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,714,475 — 4,714,475 Gross loans contractually delinquent 62,834,979 — 62,834,979 Loans not contractually delinquent and not in bankruptcy — 1,191,358,451 1,191,358,451 Gross loan balance 67,549,454 1,191,358,451 1,258,907,905 Unearned interest and fees (14,930,704 ) (323,201,775 ) (338,132,479 ) Net loans 52,618,750 868,156,676 920,775,426 Allowance for loan losses (48,104,640 ) (43,201,194 ) (91,305,834 ) Loans, net of allowance for loan losses $ 4,514,110 824,955,482 829,469,592 The average net balance of impaired loans was $56.7 million and $46.3 million , respectively, for the nine month periods ended December 31, 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: December 31, March 31, December 31, Credit risk Consumer loans- non-bankrupt accounts $ 1,366,079,543 $ 1,121,895,834 $ 1,252,645,902 Consumer loans- bankrupt accounts 6,689,037 6,061,549 6,262,003 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,255,471,072 $ 1,039,774,448 $ 1,164,459,600 Contractual non-performing, 61 or more days delinquent (1) 117,297,508 88,182,935 94,448,305 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905 Credit risk profile based on customer type New borrower $ 155,284,022 $ 138,140,479 $ 175,727,060 Former borrower 161,575,535 116,242,182 144,840,392 Refinance 1,031,380,059 854,880,194 917,868,854 Delinquent refinance 24,528,964 18,694,528 20,471,599 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905 _______________________________________________________ (1) Loans in non-accrual status. The following is a summary of the past due receivables as of: December 31, March 31, December 31, Contractual basis: 30-60 days past due $ 55,172,208 40,300,574 49,655,289 61-90 days past due 36,531,939 28,549,394 31,613,326 91 days or more past due 80,765,569 59,633,541 62,834,979 Total $ 172,469,716 128,483,509 144,103,594 Percentage of period-end gross loans receivable 12.6 % 11.4 % 11.4 % Recency basis: 30-60 days past due $ 54,090,162 35,992,122 48,699,068 61-90 days past due 33,295,364 22,393,106 28,067,650 91 days or more past due 62,565,314 42,771,862 46,992,655 Total $ 149,950,840 101,157,090 123,759,373 Percentage of period-end gross loans receivable 10.9 % 9.0 % 9.8 %

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2019 2018 2019 2018 Basic: Weighted average common shares outstanding (denominator) 7,220,938 9,108,516 7,842,689 9,078,576 Diluted: Weighted average common shares outstanding 7,220,938 9,108,516 7,842,689 9,078,576 Dilutive potential common shares (1) — 170,318 320,618 196,492 Weighted average diluted shares outstanding (denominator) 7,220,938 9,278,834 8,163,307 9,275,068 _______________________________________________________ (1) Dilutive potential common shares have been excluded from the weighted average diluted shares outstanding calculation for the three-month period ended December 31, 2019. In accordance with ASC 260-10-45 shares which would otherwise be considered dilutive are deemed anti-dilutive when the entity incurs a loss from continuing operations in the period reported. Options to purchase 643,961 and 701,484 shares of common stock at various prices were outstanding during the three months ended December 31, 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 660,872 and 552,337 shares of common stock at various prices were outstanding during the nine months ended December 31, 2019 and 2018

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 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 December 31, 2019 , there were a total of 193,070 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 December 31, 2019 and 2018 was $60.43 and $53.13 , respectively. The weighted-average fair value at the grant date for options issued during the nine months ended December 31, 2019 and 2018 was $64.49 and $53.12 , respectively. Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended December 31, Nine months ended December 31, 2019 2018 2019 2018 Dividend Yield —% —% —% —% Expected Volatility 52.87% 48.95% 52.09% 48.95% Average risk-free rate 1.64% 3.06% 1.66% 3.06% Expected Life 6.0 years 6.7 years 6.2 years 6.7 years The expected stock price volatility is based on the historical volatility of the Company's common stock for a period approximating the expected life. The expected life represents the period of time that options are expected to be outstanding after the grant date. The risk-free rate reflects the interest rate at grant date on zero coupon U.S. governmental bonds having a remaining life similar to the expected option term. Option activity for the nine months ended December 31, 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 16,421 126.15 Exercised during period (69,181 ) 66.35 Forfeited during period (10,093 ) 98.68 Expired during period (1,620 ) 30.89 Options outstanding, end of period 639,767 $ 88.36 6.7 years $ 4,285,681 Options exercisable, end of period 320,479 $ 74.84 4.6 years $ 4,217,480 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on December 31, 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 December 31, 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 December 31, 2019 and 2018 was as follows: December 31, December 31, Three months ended $ 728,193 $ 1,159,858 Nine months ended $ 5,078,750 $ 2,251,405 As of December 31, 2019 , total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $11.7 million , which is expected to be recognized over a weighted-average period of approximately 4.4 years. Restricted Stock During the first nine months of fiscal 2020, the Company granted 7,203 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 $93.88 per share. 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 $18.5 million and $7.5 million for the nine months ended December 31, 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 December 31, 2019 , there was approximately $48.0 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 3.7 years based on current estimates. A summary of the status of the Company’s restricted stock as of December 31, 2019 , and changes during the nine months ended December 31, 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 7,203 93.88 Vested during the period (89,419 ) 92.93 Forfeited during the period — — Outstanding at December 31, 2019 701,234 $ 101.57 Total Stock-Based Compensation Total stock-based compensation included as a component of net income during the three and nine month periods ended December 31, 2019 and 2018 was as follows: Three months ended December 31, Nine months ended December 31, 2019 2018 2019 2018 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 1,168,033 $ 1,361,349 $ 4,394,143 $ 2,424,986 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 5,162,777 5,565,768 18,539,144 7,480,117 Total stock-based compensation related to equity classified awards $ 6,330,810 $ 6,927,117 $ 22,933,287 $ 9,905,103

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Dec. 31, 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 nine months ended December 31, 2019 and 2018 . Nine months ended December 31, 2019 2018 Acquisitions: Number of branches acquired through business combinations 37 14 Number of loan portfolios acquired through asset purchases 134 83 Total acquisitions 171 97 Purchase price $ 56,400,058 $ 39,184,508 Tangible assets: Loans receivable, net 43,036,296 30,232,918 Property and equipment 69,000 — Total tangible assets 43,105,296 30,232,918 Excess of purchase prices over carrying value of net tangible assets $ 13,294,762 $ 8,951,590 Customer lists $ 12,233,806 8,456,590 Non-compete agreements $ 855,000 495,000 Goodwill $ 205,956 — 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 nine months ended December 31, 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	9 Months Ended
	Dec. 31, 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 December 31, 2019 $583.7 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 December 31, 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 $0.9 million and $0.9 million for the nine months ended December 31, 2019 and 2018 , respectively. For the nine months ended December 31, 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 5.7% annualized and 6.7% , respectively, and the unused amount available under the revolver at December 31, 2019 was $101.0 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 2.75 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 December 31, 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	9 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES As of December 31, 2019 and March 31, 2019 , the Company had $5.1 million and $5.8 million , respectively, of total gross unrecognized tax benefits including interest. Approximately $4.7 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 December 31, 2019 , approximately $1.0 million of gross unrecognized tax benefits are expected to be resolved during the next twelve months through the expiration of the statute of limitations and settlement with taxing authorities. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. As of December 31, 2019 , the Company had approximately $1.8 million accrued for gross interest, of which $0.7 thousand was accrued during the nine months ended December 31, 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 2016, although carryforward attributes that were generated prior to 2016 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 totaled (8.0)% for the quarter ended December 31, 2019 compared to 11.8%

LITIGATION

LITIGATION	9 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	Mexico Investigation As previously disclosed, the Company 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 addressed 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 issued a formal order of investigation. We are presently in discussions with the SEC regarding resolution of the previously reported investigation of our Mexico operations. Our factual presentations as part of these discussions are substantially complete. In January 2020, the Company proposed a resolution framework to the SEC that included payment of $8 million, which amount was accrued by the Company at December 31, 2019. In the event that a settlement is reached, there can be no assurance as to the timing or the terms of any such settlement. Until any settlement or other resolution of these matters is reached, we expect to continue to incur potentially significant costs in connection with the investigation of our former Mexico operations, primarily in the form of professional fees and expenses. At this time, we are unable to predict the developments in, outcome of, and economic and other consequences of the investigation or its impact on our earnings, cash flows, liquidity, financial condition and ongoing business. The total amount of the Company’s loss incurred in connection with the investigation and any resolution thereof, including those amounts which remain subject to approval by the SEC, may be higher than the amount of the accrual. 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 SEC regarding the matters under investigation and has offered $8 million to the SEC in order to resolve the matter as set forth above. It has also accrued $8 million toward the amount of any disgorgement, interest, fine or penalty that it may have to pay as a part of any possible settlement, but the ultimate resolution could be higher than the accrual. Further, in the event that a settlement is reached, there can be no assurance as to the timing or the terms of any such settlement. 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)	9 Months Ended
	Dec. 31, 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)	9 Months Ended
	Dec. 31, 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 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 December 31, 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 December 31, Nine months ended December 31, 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 Loss on disposal of discontinued operations — (38,377,623 ) Income taxes — 626,583 Loss from discontinued operations — $ (36,662,381 ) The following table presents operating, investing and financing cash flows for the Company’s discontinued operations: Nine months ended December 31, 2019 2018 Cash provided by operating activities: $ — $ 3,553,854 Cash provided by investing activities: — 1,138,084 Cash used in financing activities: $ — $ (17,126,000 )

Leases (Notes)

Leases (Notes)	9 Months Ended
	Dec. 31, 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 December 31, 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 nine months ended December 31, 2019 : Three months ended December 31, Nine months ended December 31, 2019 2019 Lease Cost Operating lease cost $ 6,601,472 $ 19,163,096 Short-term lease cost 1,800 1,800 Variable lease cost 838,037 2,451,326 Total lease cost $ 7,441,309 $ 21,616,222 The following table reports other information about the Company's leases for the three and nine months ended December 31, 2019 : Three months ended December 31, Nine months ended December 31, 2019 2019 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,491,489 $ 18,705,645 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 7,415,386 $ 43,886,364 Weighted average remaining lease term — operating leases 8.5 years 8.5 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 commenced 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 December 31, 2019 : Operating lease liability maturity analysis FY2020 $ 6,690,818 FY2021 25,726,405 FY2022 22,452,247 FY2023 18,304,992 FY2024 14,089,836 FY2025 9,941,949 Thereafter 33,919,064 Total undiscounted lease liability $ 131,125,311 Imputed interest 7,457,809 Total discounted lease liability $ 123,667,502 The Company had no leases with related parties at December 31, 2019 .

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Dec. 31, 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. December 31, 2019 March 31, 2019 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 12,038,992 12,038,992 $ 9,335,433 9,335,433 Loans receivable, net 3 893,664,872 893,664,872 755,624,007 755,624,007 LIABILITIES Senior notes payable 3 583,731,400 583,731,400 251,940,000 251,940,000

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Dec. 31, 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: December 31, March 31, December 31, Small loans $ 901,610,938 $ 736,643,663 $ 857,862,767 Large loans 470,962,956 383,686,372 400,936,499 Tax advance loans 194,686 7,627,348 108,639 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905
Summary of changes in the allowance for loan losses	The following is a summary of the changes in the allowance for loan losses for the periods indicated: Three months ended December 31, Nine months ended December 31, 2019 2018 2019 2018 Balance at beginning of period $ 101,469,313 79,310,375 $ 81,519,624 $ 66,088,139 Provision for loan losses 55,219,470 48,943,886 149,478,577 119,893,201 Loan losses (46,850,430 ) (40,001,055 ) (128,978,851 ) (105,014,401 ) Recoveries 3,231,288 3,052,628 11,050,291 10,338,895 Balance at end of period $ 113,069,641 $ 91,305,834 $ 113,069,641 $ 91,305,834
Summary of loans individually and collectively evaluated for impairment	The following is a summary of loans individually and collectively evaluated for impairment for the period indicated: December 31, 2019 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,066,019 — 5,066,019 Gross loans contractually delinquent 80,765,569 — 80,765,569 Loans not contractually delinquent and not in bankruptcy — 1,286,936,992 1,286,936,992 Gross loan balance 85,831,588 1,286,936,992 1,372,768,580 Unearned interest and fees (19,140,361 ) (346,893,706 ) (366,034,067 ) Net loans 66,691,227 940,043,286 1,006,734,513 Allowance for loan losses (61,840,514 ) (51,229,127 ) (113,069,641 ) Loans, net of allowance for loan losses $ 4,850,713 888,814,159 893,664,872 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 December 31, 2018 Loans individually evaluated for impairment (impaired loans) Loans collectively evaluated for impairment Total Gross loans in bankruptcy, excluding contractually delinquent $ 4,714,475 — 4,714,475 Gross loans contractually delinquent 62,834,979 — 62,834,979 Loans not contractually delinquent and not in bankruptcy — 1,191,358,451 1,191,358,451 Gross loan balance 67,549,454 1,191,358,451 1,258,907,905 Unearned interest and fees (14,930,704 ) (323,201,775 ) (338,132,479 ) Net loans 52,618,750 868,156,676 920,775,426 Allowance for loan losses (48,104,640 ) (43,201,194 ) (91,305,834 ) Loans, net of allowance for loan losses $ 4,514,110 824,955,482 829,469,592
Assessment of the credit quality	The following is an assessment of the credit quality of loans for the period indicated: December 31, March 31, December 31, Credit risk Consumer loans- non-bankrupt accounts $ 1,366,079,543 $ 1,121,895,834 $ 1,252,645,902 Consumer loans- bankrupt accounts 6,689,037 6,061,549 6,262,003 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,255,471,072 $ 1,039,774,448 $ 1,164,459,600 Contractual non-performing, 61 or more days delinquent (1) 117,297,508 88,182,935 94,448,305 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905 Credit risk profile based on customer type New borrower $ 155,284,022 $ 138,140,479 $ 175,727,060 Former borrower 161,575,535 116,242,182 144,840,392 Refinance 1,031,380,059 854,880,194 917,868,854 Delinquent refinance 24,528,964 18,694,528 20,471,599 Total gross loans $ 1,372,768,580 $ 1,127,957,383 $ 1,258,907,905
Summary of the past due receivables	The following is a summary of the past due receivables as of: December 31, March 31, December 31, Contractual basis: 30-60 days past due $ 55,172,208 40,300,574 49,655,289 61-90 days past due 36,531,939 28,549,394 31,613,326 91 days or more past due 80,765,569 59,633,541 62,834,979 Total $ 172,469,716 128,483,509 144,103,594 Percentage of period-end gross loans receivable 12.6 % 11.4 % 11.4 % Recency basis: 30-60 days past due $ 54,090,162 35,992,122 48,699,068 61-90 days past due 33,295,364 22,393,106 28,067,650 91 days or more past due 62,565,314 42,771,862 46,992,655 Total $ 149,950,840 101,157,090 123,759,373 Percentage of period-end gross loans receivable 10.9 % 9.0 % 9.8 %

AVERAGE SHARE INFORMATION (Tabl

AVERAGE SHARE INFORMATION (Tables)	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2019 2018 2019 2018 Basic: Weighted average common shares outstanding (denominator) 7,220,938 9,108,516 7,842,689 9,078,576 Diluted: Weighted average common shares outstanding 7,220,938 9,108,516 7,842,689 9,078,576 Dilutive potential common shares (1) — 170,318 320,618 196,492 Weighted average diluted shares outstanding (denominator) 7,220,938 9,278,834 8,163,307 9,275,068

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 2019 2018 2019 2018 Dividend Yield —% —% —% —% Expected Volatility 52.87% 48.95% 52.09% 48.95% Average risk-free rate 1.64% 3.06% 1.66% 3.06% Expected Life 6.0 years 6.7 years 6.2 years 6.7 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 nine months ended December 31, 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 16,421 126.15 Exercised during period (69,181 ) 66.35 Forfeited during period (10,093 ) 98.68 Expired during period (1,620 ) 30.89 Options outstanding, end of period 639,767 $ 88.36 6.7 years $ 4,285,681 Options exercisable, end of period 320,479 $ 74.84 4.6 years $ 4,217,480
Intrinsic value of options exercised	The total intrinsic value of options exercised during the periods ended December 31, 2019 and 2018 was as follows: December 31, December 31, Three months ended $ 728,193 $ 1,159,858 Nine months ended $ 5,078,750 $ 2,251,405
Summary of the status and changes restricted stock	A summary of the status of the Company’s restricted stock as of December 31, 2019 , and changes during the nine months ended December 31, 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 7,203 93.88 Vested during the period (89,419 ) 92.93 Forfeited during the period — — Outstanding at December 31, 2019 701,234 $ 101.57
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 nine month periods ended December 31, 2019 and 2018 was as follows: Three months ended December 31, Nine months ended December 31, 2019 2018 2019 2018 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 1,168,033 $ 1,361,349 $ 4,394,143 $ 2,424,986 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 5,162,777 5,565,768 18,539,144 7,480,117 Total stock-based compensation related to equity classified awards $ 6,330,810 $ 6,927,117 $ 22,933,287 $ 9,905,103
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)	9 Months Ended
	Dec. 31, 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 nine months ended December 31, 2019 and 2018 . Nine months ended December 31, 2019 2018 Acquisitions: Number of branches acquired through business combinations 37 14 Number of loan portfolios acquired through asset purchases 134 83 Total acquisitions 171 97 Purchase price $ 56,400,058 $ 39,184,508 Tangible assets: Loans receivable, net 43,036,296 30,232,918 Property and equipment 69,000 — Total tangible assets 43,105,296 30,232,918 Excess of purchase prices over carrying value of net tangible assets $ 13,294,762 $ 8,951,590 Customer lists $ 12,233,806 8,456,590 Non-compete agreements $ 855,000 495,000 Goodwill $ 205,956 — 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 nine months ended December 31, 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 nine months ended December 31, 2019 and 2018 . Nine months ended December 31, 2019 2018 Acquisitions: Number of branches acquired through business combinations 37 14 Number of loan portfolios acquired through asset purchases 134 83 Total acquisitions 171 97 Purchase price $ 56,400,058 $ 39,184,508 Tangible assets: Loans receivable, net 43,036,296 30,232,918 Property and equipment 69,000 — Total tangible assets 43,105,296 30,232,918 Excess of purchase prices over carrying value of net tangible assets $ 13,294,762 $ 8,951,590 Customer lists $ 12,233,806 8,456,590 Non-compete agreements $ 855,000 495,000 Goodwill $ 205,956 —

Discontinued Operations Reconci

Discontinued Operations Reconciliation to consolidated statement of operations (Tables)	9 Months Ended
	Dec. 31, 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 December 31, Nine months ended December 31, 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 Loss on disposal of discontinued operations — (38,377,623 ) Income taxes — 626,583 Loss from discontinued operations — $ (36,662,381 )

Discontinued Operations Cash fl

Discontinued Operations Cash flow disposal group (Tables)	9 Months Ended
	Dec. 31, 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: Nine months ended December 31, 2019 2018 Cash provided by operating activities: $ — $ 3,553,854 Cash provided by investing activities: — 1,138,084 Cash used in financing activities: $ — $ (17,126,000 )

Leases (Tables)

Leases (Tables)	9 Months Ended
	Dec. 31, 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 nine months ended December 31, 2019 : Three months ended December 31, Nine months ended December 31, 2019 2019 Lease Cost Operating lease cost $ 6,601,472 $ 19,163,096 Short-term lease cost 1,800 1,800 Variable lease cost 838,037 2,451,326 Total lease cost $ 7,441,309 $ 21,616,222
Lessee, Operating Lease, Disclosure [Table Text Block]	The following table reports other information about the Company's leases for the three and nine months ended December 31, 2019 : Three months ended December 31, Nine months ended December 31, 2019 2019 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,491,489 $ 18,705,645 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 7,415,386 $ 43,886,364 Weighted average remaining lease term — operating leases 8.5 years 8.5 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 commenced 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 December 31, 2019 : Operating lease liability maturity analysis FY2020 $ 6,690,818 FY2021 25,726,405 FY2022 22,452,247 FY2023 18,304,992 FY2024 14,089,836 FY2025 9,941,949 Thereafter 33,919,064 Total undiscounted lease liability $ 131,125,311 Imputed interest 7,457,809 Total discounted lease liability $ 123,667,502

SUMMARY OF SIGNIFICANT POLICI_2

SUMMARY OF SIGNIFICANT POLICIES Accounting Standards (Details) - USD ($)	Dec. 31, 2019	Mar. 31, 2019
Item Effected [Line Items]
Operating Lease, Right-of-Use Asset	$ 122,841,353	$ 0
Deferred Rent Credit, Current	400,000
Operating Lease, Liability	123,667,502	$ 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 ($)	9 Months Ended
	Dec. 31, 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	$ 583,731,400	$ 251,940,000
Reported Value Measurement [Member] | Senior notes payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	583,731,400	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	583,731,400	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	12,038,992	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	12,038,992	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	893,664,872	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	$ 893,664,872	$ 755,624,007

RECEIVABLES AND ALLOWANCE FOR L

RECEIVABLES AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment			$ 56,700,000	$ 46,300,000
Allowance for Loan Losses [Roll Forward]
Balance at beginning of period	$ 101,469,313	$ 79,310,375	81,519,624	66,088,139
Provision for loan losses	55,219,470	48,943,886	149,478,577	119,893,201
Loan losses	(46,850,430)	(40,001,055)	(128,978,851)	(105,014,401)
Recoveries	3,231,288	3,052,628	11,050,291	10,338,895
Balance at end of period	113,069,641	91,305,834	113,069,641	91,305,834
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans					$ 5,066,019	$ 4,644,203	$ 4,714,475
91 days or more delinquent, excluding bankruptcy					80,765,569	59,633,541	62,834,979
Loans less than 91 days delinquent and not in bankruptcy					1,286,936,992	1,063,679,639	1,191,358,451
Loans and Leases Receivable, Gross					1,372,768,580	1,127,957,383	1,258,907,905
Unearned interest and fees					(366,034,067)	(290,813,752)	(338,132,479)
Net loans					1,006,734,513	837,143,631	920,775,426
Allowance for loan losses	(113,069,641)	(91,305,834)	(113,069,641)	(91,305,834)	(113,069,641)	(81,519,624)	(91,305,834)
Loans receivable, net					893,664,872	755,624,007	829,469,592
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	61,840,514	48,104,640	61,840,514	48,104,640
Summary of loans individually and collectively evaluated for impairment [Abstract]
Bankruptcy, gross loans					5,066,019	4,644,203	4,714,475
91 days or more delinquent, excluding bankruptcy					80,765,569	59,633,541	62,834,979
Loans less than 91 days delinquent and not in bankruptcy					0	0	0
Loans and Leases Receivable, Gross					85,831,588	64,277,744	67,549,454
Unearned interest and fees					(19,140,361)	(14,319,795)	(14,930,704)
Net loans					66,691,227	49,957,949	52,618,750
Allowance for loan losses	(61,840,514)	(48,104,640)	(45,511,124)	(48,104,640)	(61,840,514)	(45,511,124)	(48,104,640)
Loans receivable, net					4,850,713	4,446,825	4,514,110
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	51,229,127	43,201,194	51,229,127	43,201,194
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					1,286,936,992	1,063,679,639	1,191,358,451
Loans and Leases Receivable, Gross					1,286,936,992	1,063,679,639	1,191,358,451
Unearned interest and fees					(346,893,706)	(276,493,957)	(323,201,775)
Net loans					940,043,286	787,185,682	868,156,676
Allowance for loan losses	$ (51,229,127)	$ (43,201,194)	$ (36,008,500)	$ (43,201,194)	(51,229,127)	(36,008,500)	(43,201,194)
Loans receivable, net					$ 888,814,159	$ 751,177,182	$ 824,955,482

ALLOWANCE FOR LOAN LOSSES (Asse

ALLOWANCE FOR LOAN LOSSES (Assessment of Credit Quality) (Details) - USD ($)	9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 56,700,000	$ 46,300,000
Gross loan balance	1,372,768,580	1,258,907,905	$ 1,127,957,383
Consumer loans- non-bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,366,079,543	1,252,645,902	1,121,895,834
Consumer loans- bankrupt accounts [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	6,689,037	6,262,003	6,061,549
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	1,255,471,072	1,164,459,600	1,039,774,448
Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	117,297,508	94,448,305	88,182,935
New borrower [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loan balance	155,284,022	175,727,060
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	161,575,535	144,840,392
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	1,031,380,059	917,868,854
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	$ 24,528,964	$ 20,471,599
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 ($)	Dec. 31, 2019	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans and Leases Receivable, Allowance	$ (113,069,641)	$ (101,469,313)	$ (81,519,624)	$ (91,305,834)	$ (79,310,375)	$ (66,088,139)
Financing Receivable, Bankruptcy	5,066,019		4,644,203	4,714,475
Financing Receivable, Recorded Investment, Past Due	$ 149,950,840		$ 101,157,090	$ 123,759,373
Financing Receivable, Percent Past Due	10.90%		9.00%	9.80%
Financing Receivables, Delinquent, excluding bankruptcy	$ 80,765,569		$ 59,633,541	$ 62,834,979
Financing Receivables Less Than Ninety One Days Delinquent Excluding Bankruptcy	1,286,936,992		1,063,679,639	1,191,358,451
Loans and Leases Receivable, Gross	1,372,768,580		1,127,957,383	1,258,907,905
Financing Receivable Individually Evaluated for Impairment Unearned Interest and Fees	366,034,067		290,813,752	338,132,479
Loans and Leases Receivable, Net of Deferred Income	1,006,734,513		837,143,631	920,775,426
Loans and Leases Receivable, Net Amount	893,664,872		755,624,007	829,469,592
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	54,090,162		35,992,122	48,699,068
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	33,295,364		22,393,106	28,067,650
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	62,565,314		42,771,862	46,992,655
Contractual basis [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 172,469,716		$ 128,483,509	$ 144,103,594
Financing Receivable, Percent Past Due				11.40%
Contractual basis [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Percent Past Due	12.60%		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	$ 55,172,208		$ 40,300,574	$ 49,655,289
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	36,531,939		28,549,394	31,613,326
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	$ 80,765,569		$ 59,633,541	$ 62,834,979

ALLOWANCE FOR LOAN LOSSES Finan

ALLOWANCE FOR LOAN LOSSES Financing Receivables (Details) - USD ($)	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 1,372,768,580	$ 1,127,957,383	$ 1,258,907,905
Small loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	901,610,938	736,643,663	857,862,767
Large loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	470,962,956	383,686,372	400,936,499
Sales finance loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 194,686	$ 7,627,348	$ 108,639

AVERAGE SHARE INFORMATION (Deta

AVERAGE SHARE INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Basic:
Weighted average common shares outstanding (in shares)	7,220,938	9,108,516	7,842,689	9,078,576
Diluted:
Weighted average common shares outstanding (in shares)	7,220,938	9,108,516	7,842,689	9,078,576
Dilutive potential common shares stock options (in shares)	0	170,318	320,618	196,492
Weighted average diluted shares outstanding (in shares)	7,220,938	9,278,834	8,163,307	9,275,068
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	643,961	701,484	660,872	552,337
Net Income (Loss) Attributable to Parent	$ (5,824,068)	$ 6,260,162	$ 7,004,332	$ (705,487)
Earnings Per Share, Basic	$ (0.81)	$ 0.69	$ 0.89	$ (0.08)
Earnings Per Share, Diluted	$ (0.81)	$ 0.67	$ 0.86	$ (0.08)

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 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	643,961	701,484	660,872	552,337
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	52.87%	48.95%	52.09%	48.95%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.64%	3.06%	1.66%	3.06%
Stock Option Plans [Abstract]
Number of shares available for grant (in shares)	193,070		193,070
Weighted-average fair value at the grant date	$ 60.43	$ 53.13	$ 64.49	$ 53.12
Options Activity [Roll Forward]
Exercised (in shares)	(13,709)	(20,180)	(69,181)	(45,456)
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			$ 22,933,287	$ 9,905,103
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years	6 years 8 months 12 days	6 years 2 months 12 days	6 years 8 months 12 days
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)			16,421
Exercised (in shares)			(69,181)
Forfeited (in shares)			(10,093)
Expired (in shares)			(1,620)
Options outstanding, end of period (in shares)	639,767		639,767
Options exercisable, end of period (in shares)	320,479		320,479
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)			$ 85.33
Granted (in dollars per share)			126.15
Exercised (in dollars per share)			66.35
Forfeited (in dollars per share)			98.68
Expired (in dollars per share)			30.89
Options outstanding, end of period (in dollars per share)	$ 88.36		88.36
Options exercisable, end of period (in dollars per share)	$ 74.84		$ 74.84
Stock Option Activity Additional Disclosures [Abstract]
Weighted-average remaining contractual term, Options outstanding, end of period			6 years 8 months 12 days
Weighted-average remaining contractual terms, Options exercisable, end of period			4 years 7 months 6 days
Aggregate intrinsic value, Options outstanding, end of period	$ 4,285,681		$ 4,285,681
Aggregate intrinsic value, Options exercisable, end of period	4,217,480		4,217,480
Intrinsic value of options exercised	728,193	$ 1,159,858	5,078,750	$ 2,251,405
Compensation Cost Not yet Recognized [Abstract]
Total unrecognized stock-based compensation expense related to non-vested stock options	11,700,000		$ 11,700,000
Weighted average period for recognition			4 years 4 months 24 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			4 years 4 months 24 days
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans	1,168,033	1,361,349	$ 4,394,143	$ 2,424,986
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)			$ 93.88
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	$ 48,000,000		$ 48,000,000
Summary of the status and changes in restricted stock [Roll Forward]
Outstanding at Beginning of Year (in shares)			783,450
Awards granted (in shares)			7,203
Vested during the period, net of cancellations (in shares)			(89,419)
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited			0
Outstanding at End of Period (in shares)	701,234		701,234
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)			93.88
Vested during the period, net of cancellations (in dollars per share)			92.93
Cancelled during the period (in dollars per share)			0
Outstanding at June 30, 2012 (in dollars per share)	$ 101.57		$ 101.57
Compensation related to stock option and restricted stock plans	$ 5,162,777	5,565,768	$ 18,539,144	$ 7,480,117
Equity Securities [Member]
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans	$ 6,330,810	$ 6,927,117	$ 22,933,287	$ 9,905,103
Performance Shares [Member]
Compensation Cost Not yet Recognized [Abstract]
Weighted average period for recognition			3 years 8 months 12 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			3 years 8 months 12 days
Maximum [Member] | Stock Options Plans [Member]
Stock Option Plans [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Vesting period			5 years
Minimum [Member] | Stock Options Plans [Member]
Stock Option Plans [Abstract]
Vesting period			3 years

STOCK-BASED COMPENSATION Perfor

STOCK-BASED COMPENSATION Performance targets (Details)	9 Months Ended
	Dec. 31, 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)	9 Months Ended
	Dec. 31, 2019USD ($)acquisition	Dec. 31, 2018USD ($)acquisition
Business Acquisition [Line Items]
Number of offices purchased | acquisition	37	14
Number Of Offices Purchased and Merged into Existing Offices | acquisition	134	83
Total acquisitions | acquisition	171	97
Business Combination, Acquired Receivable, Fair Value	$ 43,036,296	$ 30,232,918
Intangible Assets, Net (Including Goodwill)	13,294,762	8,951,590
Furniture, fixtures & equipment	69,000	0
Total tangible assets	43,105,296	30,232,918
Finite-Lived Customer Lists, Gross	12,233,806	8,456,590
Finite-Lived Noncompete Agreements, Gross	855,000	495,000
Goodwill, Fair Value Disclosure	$ 205,956	0
Loans and Leases Receivable, Average Loan Period	8 months
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Purchase Price	$ 56,400,058	$ 39,184,508

DEBT (Details)

DEBT (Details) - USD ($)	9 Months Ended
	Dec. 31, 2019	Dec. 31, 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	5.70%		6.70%
Debt Instrument, Unused Borrowing Capacity, Fee	$ 900,000	$ 900,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	685,000,000
Amount outstanding	$ 583,700,000
Reference rate	LIBOR
Unused amount available	$ 101,000,000
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		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Mar. 31, 2019
Income Tax Contingency [Line Items]
Total gross unrecognized tax benefits including interest	$ 5,100,000		$ 5,100,000	$ 5,800,000
Unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate	4,700,000		4,700,000	$ 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	1,000,000		1,000,000
Accrued gross interest	$ 1,800,000		1,800,000
Current period gross interest expense			$ 700
Effective Income Tax Rate Reconciliation, Percent	(8.00%)	11.80%

Discontinued Operations Recon_2

Discontinued Operations Reconciliation to consolidated balance sheet (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 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	$ 55,219,470	48,943,886	$ 149,478,577	119,893,201
Disposal Group, Including Discontinued Operation, General and Administrative Expense		0		5,542,483
General and Administrative Expense	90,123,631	76,964,171	250,352,377	209,677,374
Interest Expense	7,130,178	4,637,154	17,861,323	13,020,154
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	0	0	0	2,341,825
Discontinued Operation, Tax Effect of Discontinued Operation	0	0	0	626,583
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	0	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				$ 119,893,201

Discontinued Operations Cash _2

Discontinued Operations Cash flow for discontinued operations (Details) - USD ($)	9 Months Ended
	Dec. 31, 2019	Dec. 31, 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	9 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 122,841,353	$ 122,841,353	$ 0
Debt Instrument, Interest Rate, Effective Percentage	5.70%	5.70%	6.70%
Operating Lease, Payments	$ 6,491,489	$ 18,705,645
Cash Flow, Investing Activities, Lessee [Abstract]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 7,415,386	$ 43,886,364
Operating Lease, Weighted Average Remaining Lease Term	8 years 6 months	8 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	6.70%	6.70%
Document Fiscal Year Focus		2020
Lessee, Operating Lease, Liability, Payments, Due	$ 131,125,311	$ 131,125,311
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	7,457,809	7,457,809
Operating Lease, Liability	123,667,502	123,667,502	$ 0
Operating Lease, Cost	6,601,472	19,163,096
Variable Lease, Cost	838,037	2,451,326
Lease, Cost	$ 7,441,309	$ 21,616,222
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)	Dec. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Finance Lease, Liability, Payments, Due Next Twelve Months	$ 6,690,818
Operating Leases, Future Minimum Payments, Due in Two Years	25,726,405
Finance Lease, Liability, Payments, Due Year Two	22,452,247
Lessee, Operating Lease, Liability, Payments, Due Year Three	18,304,992
Lessee, Operating Lease, Liability, Payments, Due Year Four	14,089,836
Finance Lease, Liability, Payments, Due Year Five	9,941,949
Operating Leases, Future Minimum Payments, Due Thereafter	$ 33,919,064