World Acceptance (WRLD) 10-Q 5 Feb 21 2021 Q3 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	9 Months Ended
	Dec. 31, 2020	Jan. 29, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2020
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
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	WRLD
Security Exchange Name	NASDAQ
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		6,804,681
Entity Central Index Key	0000108385
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Dec. 31, 2020	Mar. 31, 2020
ASSETS
Cash and cash equivalents	$ 9,690,662	$ 11,618,922
Gross loans receivable	1,264,530,315	1,209,871,366
Less:
Unearned interest, insurance and fees	(335,055,919)	(308,980,724)
Allowance for credit losses	(113,467,361)	(96,487,856)
Loans receivable, net	816,007,035	804,402,786
Right-of-use asset	93,144,480	101,686,918
Property and equipment, net	26,382,402	24,761,108
Deferred income taxes, net	26,507,211	23,257,985
Other assets, net	28,896,627	28,547,950
Goodwill	7,370,791	7,370,791
Intangible assets, net	24,886,162	24,448,477
Assets held for sale	1,143,528	3,991,498
Total assets	1,034,028,898	1,030,086,435
Liabilities:
Senior notes payable	539,600,000	451,100,000
Income taxes payable	852,920	4,965,302
Total discounted lease liability	94,384,535	102,759,386
Accounts payable and accrued expenses	40,329,254	59,298,680
Total liabilities	675,166,709	618,123,368
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par value	0	0
Common stock, no par value	0	0
Additional paid-in capital	240,805,369	227,214,577
Retained earnings	118,056,820	184,748,490
Total shareholders' equity	358,862,189	411,963,067
Total liabilities and shareholders' equity	$ 1,034,028,898	$ 1,030,086,435

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2020	Mar. 31, 2020
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)	6,765,778	7,807,834
Common stock, shares outstanding (in shares)	6,765,778	7,807,834

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Interest and fee income	$ 114,885,857	$ 130,224,337	$ 333,632,164	$ 379,225,518
Insurance commissions and other income	16,059,793	16,771,747	45,621,340	47,785,665
Total revenues	130,945,650	146,996,084	379,253,504	427,011,183
Expenses:
Provision for credit losses	28,857,443	55,219,470	80,608,470	149,478,577
General and administrative expenses:
Personnel	46,699,999	49,375,486	138,154,915	151,445,733
Occupancy and equipment	15,058,226	13,544,378	41,755,200	40,455,146
Advertising	6,660,129	8,181,106	14,527,909	20,560,667
Amortization of intangible assets	1,377,250	1,390,934	4,045,496	3,603,528
Other	8,079,467	18,065,823	26,292,070	34,721,399
Total general and administrative expenses	77,875,071	90,557,727	224,775,590	250,786,473
Interest expense	7,304,531	7,130,178	18,759,198	17,861,323
Total expenses	114,037,045	152,907,375	324,143,258	418,126,373
Income (loss) before income taxes	16,908,605	(5,911,291)	55,110,246	8,884,810
Income tax expense	2,417,999	356,293	11,711,371	4,030,821
Net income (loss)	$ 14,490,606	$ (6,267,584)	$ 43,398,875	$ 4,853,989
Net income (loss) per common share:
Basic (in dollars per share)	$ 2.32	$ (0.87)	$ 6.58	$ 0.62
Diluted (in dollars per share)	$ 2.25	$ (0.87)	$ 6.44	$ 0.59
Weighted average common shares outstanding:
Basic (in shares)	6,233,961	7,220,938	6,593,135	7,842,689
Diluted (in shares)	6,452,385	7,220,938	6,743,649	8,163,307

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings
Beginning balance (in shares) at Mar. 31, 2019			9,284,118
Beginning balances at Mar. 31, 2019	$ 552,116,625			$ 198,125,649	$ 353,990,976
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			69,181
Proceeds from exercise of stock options	4,589,974
Stock Repurchased and Retired During Period (in shares)			(1,392,180)
Stock Repurchased and Retired During Period, Value	(190,010,912)				(190,010,912)
Restricted common stock expense under stock option plan (in shares)			(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
Net income (loss)	4,853,989				4,853,989
Ending balances at Dec. 31, 2019	390,006,804			221,172,751	168,834,053
Ending balance (in shares) at Dec. 31, 2019			7,932,013
Beginning balance (in shares) at Mar. 31, 2019			9,284,118
Beginning balances at Mar. 31, 2019	$ 552,116,625			198,125,649	353,990,976
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201605Member
Ending balances at Mar. 31, 2020	$ 411,963,067	$ (21,242,249)		227,214,577	184,748,490
Ending balance (in shares) at Mar. 31, 2020			7,807,834
Beginning balance (in shares) at Sep. 30, 2019			7,945,842
Beginning balances at Sep. 30, 2019	393,237,210			218,135,573	175,101,637
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			13,709
Proceeds from exercise of stock options	935,877			935,877
Stock Repurchased and Retired During Period (in shares)			0
Stock Repurchased and Retired During Period, Value	0				0
Restricted common stock expense under stock option plan (in shares)			(27,538)
Issuance of restricted common stock under stock option plan	933,268			933,268
Stock option expense	1,168,033			1,168,033
Net income (loss)	(6,267,584)				(6,267,584)
Ending balances at Dec. 31, 2019	390,006,804			221,172,751	168,834,053
Ending balance (in shares) at Dec. 31, 2019			7,932,013
Beginning balance (in shares) at Mar. 31, 2020			7,807,834
Beginning balances at Mar. 31, 2020	411,963,067	$ (21,242,249)		227,214,577	184,748,490
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			33,776
Proceeds from exercise of stock options	2,255,824
Stock Repurchased and Retired During Period (in shares)			(1,024,870)
Stock Repurchased and Retired During Period, Value	(88,848,296)				(88,848,296)
Restricted common stock expense under stock option plan (in shares)			(50,962)
Issuance of restricted common stock under stock option plan	8,347,347			8,347,347
Stock option expense	$ 2,987,621			2,987,621
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Net income (loss)	$ 43,398,875				43,398,875
Ending balances at Dec. 31, 2020	358,862,189			240,805,369	118,056,820
Ending balance (in shares) at Dec. 31, 2020			6,765,778
Beginning balance (in shares) at Sep. 30, 2020			7,002,080
Beginning balances at Sep. 30, 2020	367,275,151			237,547,566	129,727,585
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			18,205
Proceeds from exercise of stock options	1,248,999			1,248,999
Stock Repurchased and Retired During Period (in shares)			(238,452)
Stock Repurchased and Retired During Period, Value	(26,161,371)				(26,161,371)
Restricted common stock expense under stock option plan (in shares)			(16,055)
Issuance of restricted common stock under stock option plan	1,154,157			1,154,157
Stock option expense	854,647			854,647
Net income (loss)	14,490,606				14,490,606
Ending balances at Dec. 31, 2020	$ 358,862,189			$ 240,805,369	$ 118,056,820
Ending balance (in shares) at Dec. 31, 2020			6,765,778

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Adjustments Related to Tax Withholding for Share-based Compensation	$ 2,889,656	$ 4,229,509	$ 3,173,735	$ 4,476,159

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flow from operating activities:
Net income	$ 43,398,875	$ 4,853,989
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	4,045,496	3,603,528
Amortization of investment in historic tax credits	1,302,288	434,096
Amortization of debt issuance costs	489,582	389,445
Provision for credit losses	80,608,470	149,478,577
Depreciation	7,294,907	5,268,517
Loss on sale of assets held for sale	37,579	0
Gain on sale of property and equipment	(153,338)	(106,703)
Deferred income tax benefit	4,136,893	(5,080,919)
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	14,508,703	22,933,287
Gain on sale of finance receivables	(24,628)	0
Change in accounts:
Other assets, net	(1,596,210)	(12,495,302)
Income taxes payable	(4,112,382)	(2,261,843)
Accounts payable and accrued expenses	(18,969,426)	3,550,935
Net cash provided by operating activities	130,966,809	170,567,607
Cash flows from investing activities:
Increase in loans receivable, net	(106,901,743)	(244,483,146)
Net assets acquired from acquisitions, primarily loans	(14,364,043)	(43,105,296)
Increase in intangible assets from acquisitions	(4,483,180)	(13,294,761)
Purchases of property and equipment	(8,985,589)	(8,037,189)
Proceeds from sale of finance receivables	449,327	0
Proceeds from sale of assets held for sale	2,810,391	0
Proceeds from sale of property and equipment	222,725	153,441
Net cash used in investing activities	(131,252,112)	(308,766,951)
Cash flow from financing activities:
Borrowings from senior notes payable	283,576,750	473,291,400
Payments on senior notes payable	(195,076,750)	(141,500,000)
Debt issuance costs associated with senior notes payable	(376,750)	(991,400)
Proceeds from exercise of stock options	2,255,824	4,589,974
Payments for taxes related to net share settlement of equity awards	(3,173,735)	(4,476,159)
Repurchase of common stock	(88,848,296)	(190,010,912)
Net cash provided by (used in) financing activities	(1,642,957)	140,902,903
Net change in cash and cash equivalents	(1,928,260)	2,703,559
Cash and cash equivalents at beginning of period	11,618,922	9,335,433
Cash and cash equivalents at end of period	9,690,662	12,038,992
Supplemental Disclosures:
Interest paid during the period	17,723,748	16,091,487
Income taxes paid during the period	$ 12,101,860	$ 22,135,053

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements of the Company at December 31, 2020 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, 2020, and the results of operations and cash flows for the periods ended December 31, 2020 and 2019, 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, 2020, included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020, as filed with the SEC. In addition to the "Critical Accounting Policies" impacted by the new CECL standard described below, the Company applies the accounting policies contained in Note 1 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended March 31, 2020. The Company believes that the disclosures are adequate to make the information presented not misleading. Certain reclassifications have been made to the amounts previously reported to conform to the current period presentation.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	9 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE In the fourth quarter of fiscal 2020 the Company moved its corporate headquarters from properties it owned outright in Greenville, South Carolina to leased office space in downtown Greenville, South Carolina. Under ASC 360-10, the properties met the criteria for classification as held for sale as of March 31, 2020. During the second quarter of fiscal 2021 the Company completed the sale of two of the three buildings held for sale, resulting in an aggregate loss of $37,579. The loss on sale of assets held for sale is included as a component of insurance income, net and other income in the Company's Consolidated Statement of Operations. The Company expects to complete the sale of the third, and final, building held for sale within the next twelve months. The following table reconciles the major classes of assets held for sale to the amounts presented in the Consolidated Balance Sheets: December 31, 2020 March 31, 2020 Assets held for sale: Property and equipment, net $ 1,143,528 $ 3,991,498 Total assets held for sale $ 1,143,528 $ 3,991,498

SUMMARY OF SIGNIFICANT POLICIES

SUMMARY OF SIGNIFICANT POLICIES	9 Months Ended
	Dec. 31, 2020
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. Allowance for credit losses Refer to Note 5, “Finance Receivables and Allowance for Credit Losses,” in this Quarterly Report on Form 10-Q for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes. Reclassification The Company has made certain adjustments to its treatment of historic tax credits purchased during fiscal 2020 since it filed its Report on Form 10-Q for the quarterly period ended December 31, 2019. The adjustments correctly present the Company’s election to account for historic tax credits purchased using the income statement method in conjunction with the flow-through method. Under this approach, the deferred tax liability related to the difference between the book and tax basis in the underlying historic tax credit investment is recorded in the tax provision and reversed over the same period as the amortization of the historic tax credit investment. As a result of these corrections, the below line items have been adjusted as follows: CONSOLIDATED STATEMENT OF OPERATIONS Three months ended December 31, 2019 Nine months ended December 31, 2019 As originally filed Adjustments As revised As originally filed Adjustments As revised Insurance income, net and other income $ 16,854,871 $ (83,124) $ 16,771,747 $ 47,868,789 $ (83,124) $ 47,785,665 Total revenues 147,079,208 (83,124) 146,996,084 427,094,307 (83,124) 427,011,183 Other expense 17,631,727 434,096 18,065,823 34,287,303 434,096 34,721,399 Total general and administrative expense 90,123,631 434,096 90,557,727 250,352,377 434,096 250,786,473 Total expenses 152,473,279 434,096 152,907,375 417,692,277 434,096 418,126,373 Income (loss) before income taxes (5,394,071) (517,220) (5,911,291) 9,402,030 (517,220) 8,884,810 Income tax expense $ 429,997 $ (73,704) $ 356,293 $ 2,397,698 $ 1,633,123 $ 4,030,821 Net income (loss) $ (5,824,068) $ (443,516) $ (6,267,584) $ 7,004,332 $ (2,150,343) $ 4,853,989 Recently Adopted Accounting Standards Measurement of Credit Losses on Financial Instruments ASU 2016-13 The Company adopted this ASU (and all subsequent ASUs on this topic) as of April 1, 2020 using the modified retrospective approach. The adoption of this pronouncement resulted in the recognition of a $28.6 million increase in the allowance for credit losses on our opening balance sheet as of April 1, 2020, with a corresponding net-of-tax $21.2 million reduction in retained earnings and a $7.4 million increase to deferred income taxes, net. Recently Issued Accounting Standards Not Yet Adopted

FAIR VALUE

FAIR VALUE	9 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair Value Disclosures The Company may carry certain financial instruments and derivative assets and liabilities at fair value measured on a recurring or nonrecurring 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 measures 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 cash and cash equivalents, loans receivable, net, 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 estimation of fair value. The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. December 31, 2020 March 31, 2020 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 9,690,662 9,690,662 $ 11,618,922 11,618,922 Loans receivable, net 3 816,007,035 816,007,035 804,402,786 804,402,786 LIABILITIES Senior notes payable 3 539,600,000 539,600,000 451,100,000 451,100,000 The carrying amounts and estimated fair values of amounts the Company measures at fair value on a non-recurring basis, which are limited to the Company's assets held for sale, are summarized below. December 31, 2020 March 31, 2020 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Assets held for sale 2 $ 1,143,528 $ 1,143,528 $ 3,991,498 $ 3,991,498 The Company re-valued its corporate headquarters in Greenville, South Carolina as of March 31, 2020 in conjunction with its reclassification of the related assets as held for sale. The observable inputs the Company used in its revaluation were the agreed-upon prices to sell the assets.

FINANCE RECEIVABLES AND ALLOWAN

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES	FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure December 31, 2020 0 to 5 months $ 109,146,394 6 to 17 months 140,042,981 18 to 35 months 189,205,533 36 to 59 months 148,244,918 60+ months 677,647,591 Tax advance loans 242,898 Total gross loans $ 1,264,530,315 During the first quarter of fiscal 2021, we adopted ASU 2016-13, which replaces the incurred loss methodology for determining our provision for credit losses and allowance for credit losses with an expected loss methodology that is referred to as the CECL model, using the modified retrospective approach. Upon adoption, the total allowance for credit losses increased by $28.6 million, with no impact to the consolidated statement of operations. Based on the Company’s loan products, the purpose and the term, current payment performance is used to assess the capability of the borrower to repay contractual obligations of the loan agreements as scheduled. Current payment performance is monitored by management on a daily basis. On an as needed basis, qualitative information may be taken into consideration if new information arises related to the customer’s ability to repay the loan. The Company’s payment performance buckets are as follows: current, 30-60 days past due, 61-90 days past due, 91 days or more past due. The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at December 31, 2020: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,096,454,268 $ 53,542,759 $ 2,329,906 $ 128,216 $ 10,211 $ 3,063 $ 1,152,468,423 30 - 60 days past due 42,220,508 4,099,955 272,431 58,886 8,142 168 46,660,090 61 - 90 days past due 23,939,973 2,640,530 158,794 23,586 1,198 574 26,764,655 91 or more days past due 31,674,388 6,339,220 325,237 46,724 6,639 2,041 38,394,249 Total $ 1,194,289,137 $ 66,622,464 $ 3,086,368 $ 257,412 $ 26,190 $ 5,846 $ 1,264,287,417 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 7,920 $ — $ — $ — $ — $ — 7,920 30 - 60 days past due 9,305 — — — — — 9,305 61 - 90 days past due 11,647 — — — — — 11,647 91 or more days past due 211,779 2,247 — — — — 214,026 Total $ 240,651 $ 2,247 $ — $ — $ — $ — $ 242,898 Total gross loans $ 1,264,530,315 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at December 31, 2020: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,082,056,393 $ 48,598,283 $ 1,885,402 $ 74,695 $ 270 $ 831 $ 1,132,615,874 30 - 60 days past due 46,120,163 2,687,437 146,140 15,455 — — 48,969,195 61 - 90 days past due 27,167,688 2,234,188 81,559 945 — — 29,484,380 91 or more days past due 38,944,893 13,102,556 973,268 166,317 25,919 5,015 53,217,968 Total $ 1,194,289,137 $ 66,622,464 $ 3,086,369 $ 257,412 $ 26,189 $ 5,846 $ 1,264,287,417 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 63 $ — $ — $ — $ — $ — $ 63 30 - 60 days past due 50 — — — — — 50 61 - 90 days past due 2,744 — — — — — 2,744 91 or more days past due 237,794 2,247 — — — — 240,041 Total $ 240,651 $ 2,247 $ — $ — $ — $ — $ 242,898 Total gross loans $ 1,264,530,315 The allowance for credit losses is applied to amortized cost, which is defined as the amount at which a financing receivable is originated, and net of deferred fees and costs, collection of cash, and charge-offs. Amortized cost also includes interest earned but not collected. Credit Risk is inherent in the business of extending loans to borrowers and is continuously monitored by management and reflected within the allowance for credit losses for loans. The allowance for credit losses is an estimate of expected losses inherent within the Company’s gross loans receivable portfolio. In estimating the allowance for credit losses, loans with similar risk characteristics are aggregated into pools and collectively assessed. The Company’s loan products have generally the same terms therefore the Company looked to borrower characteristics as a way to disaggregate loans into pools sharing similar risks. In determining the allowance for credit losses, the Company examined four borrower risk metrics as noted below. 1. Borrower type 2. Active months 3. Prior loan performance 4. Customer Tenure To determine how well each metric predicts default risk the Company uses loss rate data over an observation period of twelve months at the loan level. The information value was then calculated for each metric. From this analysis management determined the metric that had the strongest predictor of default risk was Customer Tenure. The Customer Tenure buckets used in the allowance for credit loss calculation are: 1. 0 to 5 months 2. 6 to 17 months 3. 18 to 35 months 4. 36 to 59 months 5. 60+ months Management will continue to monitor this credit metric on a quarterly basis. Management estimates an allowance for each Customer Tenure bucket by performing a historical migration analysis of loans in that bucket for the twelve most recent historical twelve-month migration periods, adjusted for seasonality. All loans that are greater than 90 days past due on a recency basis and not written off as of the reporting date are reserved for at 100% of the outstanding balance, net of a calculated Rehab Rate. Management considers whether current credit conditions might suggest a change is needed to the allowance for credit losses by monitoring trends in 60-day delinquencies, FICO scores and average loan size as compared to metrics in the historical migration period. Due to the short term nature of the loan portfolio, forecasted changes in macroeconomic variables such as unemployment do not have a significant impact on loans outstanding at the end of a particular reporting period. Therefore, management develops a reasonable and supportable forecast of losses by comparing the most recent 6-month loss curves as compared to historical loss curves to see if there are significant changes in borrower behavior that may indicate the historical migration rates should be adjusted. If an adjustment is made as a result of the forecast, then the Company has elected to immediately revert back to historical experience past the forecast period. The following table presents a roll forward of the allowance for credit losses on our gross loans receivable for the three and nine months ended December 31, 2020 and 2019. Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Beginning balance 109,601,359 $ 101,469,313 $ 96,487,856 $ 81,519,624 Impact of ASC 326 adoption — — 28,628,368 — Provision for credit losses 28,857,443 55,219,470 80,608,470 149,478,577 Charge-offs (29,239,780) (46,850,430) (106,865,225) (128,978,851) Recoveries 4,248,339 3,231,288 14,607,892 11,050,291 Net charge-offs (24,991,441) (43,619,142) (92,257,333) (117,928,560) Ending Balance $ 113,467,361 $ 113,069,641 $ 113,467,361 $ 113,069,641 The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at December 31, 2020: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 91,287,471 $ 6,542,056 $ 4,492,845 $ 6,824,023 $ 17,858,924 $ 109,146,395 6 to 17 months 118,906,270 7,443,204 5,183,990 8,509,517 21,136,711 140,042,981 18 to 35 months 171,201,659 7,495,044 4,324,184 6,184,645 18,003,873 189,205,532 36 to 59 months 136,570,735 5,156,489 2,804,847 3,712,847 11,674,183 148,244,918 60+ months 634,502,288 20,023,296 9,958,789 13,163,218 43,145,303 677,647,591 Tax advance loans 7,920 9,305 11,647 214,026 $ 234,978 242,898 Total gross loans 1,152,476,343 46,669,394 26,776,302 38,608,276 112,053,972 1,264,530,315 Unearned interest, insurance and fees (305,365,570) (12,365,743) (7,094,775) (10,229,831) (29,690,349) (335,055,919) Total net loans $ 847,110,773 $ 34,303,651 $ 19,681,527 $ 28,378,445 $ 82,363,623 $ 929,474,396 Percentage of period-end gross loans receivable 3.7% 2.1% 3.1% 8.9% Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 90,177,810 $ 6,466,041 $ 4,502,768 $ 7,999,773 $ 18,968,582 $ 109,146,392 6 to 17 months 116,381,121 7,566,591 5,380,327 10,714,943 23,661,861 140,042,982 18 to 35 months 168,402,428 7,688,576 4,805,036 8,309,493 20,803,105 189,205,533 36 to 59 months 134,268,134 5,473,173 3,130,245 5,373,367 13,976,785 148,244,919 60+ months 623,386,383 21,774,814 11,666,004 20,820,390 54,261,208 677,647,591 Tax advance loans 63 50 2,744 240,041 $ 242,835 242,898 Total gross loans 1,132,615,939 48,969,245 29,487,124 53,458,007 131,914,376 1,264,530,315 Unearned interest, insurance and fees (300,103,263) (12,975,122) (7,813,048) (14,164,486) (34,952,656) (335,055,919) Total net loans $ 832,512,676 $ 35,994,123 $ 21,674,076 $ 39,293,521 $ 96,961,720 $ 929,474,396 Percentage of period-end gross loans receivable 3.9% 2.3% 4.2% 10.4 % The Company elected not to record an allowance for credit losses for accrued interest as outlined in ASC 326-20-30-5A. Loans are placed on nonaccrual status when management determines that the full payment of principal and collection of interest according to contractual terms is no longer likely. The accrual of interest is discontinued when a loan is 61 days or more past the contractual due date. When the interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. While a loan is on nonaccrual status, interest revenue is recognized only when a payment is received. Once a loan moves to nonaccrual status, it remains in nonaccrual status until it is paid out, charged off or refinanced. During the three months ended December 31, 2020, the Company reversed a total of $6.4 million of unpaid accrued interest against interest income. During the nine months ended December 31, 2020, the Company reversed a total of $16.2 million of unpaid accrued interest against interest income. The following table presents the amortized cost basis of loans on nonaccrual status as of the beginning of the reporting period and the end of the reporting period and the amortized cost basis of nonaccrual loans without related expected credit loss. It also shows year-to-date interest income recognized on nonaccrual loans: Nonaccrual Financial Assets Customer Tenure As of December 31, 2020 As of March 31, 2020 Financial Assets 61 Days or More Past Due, Not on Nonaccrual Status Nonaccrual Financial Assets With No Allowance as of December 31, 2020 Interest Income 0 to 5 months $ 12,725,225 $ 26,040,593 $ — $ — $ 1,283,886 6 to 17 months 16,352,270 17,466,450 — — 1,617,925 18 to 35 months 13,429,551 13,723,295 — — 1,418,093 36 to 59 months 8,794,918 10,071,288 — — 1,082,178 60+ months 33,829,640 44,293,545 — — 4,822,468 Tax advance loans 296,191 41,573 — — Unearned interest, insurance and fees (22,635,352) (28,510,140) — — Total $ 62,792,443 $ 83,126,604 $ — $ — $ 10,224,550 Under the prior incurred loss methodology, loss contingencies were evaluated as: probable, reasonably possible, or remote. If, at the date of financial statement presentation, information was available that indicated an asset had been impaired and the amount of loss could be reasonably estimated, then an allowance for that loss could be recorded. Recording an allowance for a loss that was considered reasonably possible or remote was not permitted. With the adoption of ASC 326, the Company considers the lifetime potential for losses at the point of origination and records an allowance for that potential, at that point in time, removing the necessity of differentiation between the three loss contingency concepts and impairment. The following disclosures are presented under previously applicable GAAP. The following is a summary of loans individually and collectively evaluated for impairment for the periods indicated: March 31, 2020 Loans individually Loans collectively Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,165,752 — 5,165,752 Gross loans contractually delinquent 70,719,727 — 70,719,727 Loans not contractually delinquent and not in bankruptcy — 1,133,985,887 1,133,985,887 Gross loan balance 75,885,479 1,133,985,887 1,209,871,366 Unearned interest and fees (16,848,762) (292,131,962) (308,980,724) Net loans 59,036,717 841,853,925 900,890,642 Allowance for credit losses (54,090,509) (42,397,347) (96,487,856) Loans, net of allowance for credit losses $ 4,946,208 799,456,578 804,402,786 December 31, 2019 Loans individually Loans collectively 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 losses (61,840,514) (51,229,127) (113,069,641) Loans, net of allowance for losses $ 4,850,713 888,814,159 893,664,872 The average net balance of impaired loans was $56.7 million for the nine-month period ended December 31, 2019. 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 periods indicated: March 31, 2020 December 31, 2019 Credit risk Consumer loans- non-bankrupt accounts $ 1,203,552,152 $ 1,366,079,543 Consumer loans- bankrupt accounts 6,319,214 6,689,037 Total gross loans $ 1,209,871,366 $ 1,372,768,580 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,104,130,714 $ 1,255,471,072 Contractual non-performing, 61 or more days delinquent (1) 105,740,652 117,297,508 Total gross loans $ 1,209,871,366 $ 1,372,768,580 Credit risk profile based on customer type New borrower $ 124,800,193 $ 155,284,022 Former borrower 127,108,125 161,575,535 Refinance 935,448,882 1,031,380,059 Delinquent refinance 22,514,166 24,528,964 Total gross loans $ 1,209,871,366 $ 1,372,768,580 _______________________________________________________ (1) Loans in non-accrual status. The following is a summary of the past due receivables as of: March 31, 2020 December 31, 2019 Contractual basis: 30-60 days past due $ 49,137,102 $ 55,172,208 61-90 days past due 35,020,925 36,531,939 91 days or more past due 70,719,727 80,765,569 Total $ 154,877,754 $ 172,469,716 Percentage of period-end gross loans receivable 12.8 % 12.6 % Recency basis: 30-60 days past due $ 48,206,910 $ 54,090,162 61-90 days past due 28,450,942 33,295,364 91 days or more past due 50,669,837 62,565,314 Total $ 127,327,689 $ 149,950,840 Percentage of period-end gross loans receivable 10.5 % 10.9 %

LEASES

LEASES	9 Months Ended
	Dec. 31, 2020
Leases [Abstract]
LEASES	LEASES 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, 2020 for a description of the Company's accounting policy regarding useful lives. The Company uses its effective annual interest rate, adjusted for certain assumptions, as the discount rate when evaluating leases under Topic 842. Management applies the adjusted effective annual interest rate to leases entered for the entirety of the subsequent year. 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, 2020. 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, 2020 and 2019: Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Lease Cost Operating lease cost $ 6,939,330 $ 6,636,596 $ 21,027,265 $ 19,289,946 Short-term lease cost — 1,800 1,800 1,800 Variable lease cost 882,559 835,637 2,659,932 2,450,322 Total lease cost $ 7,821,889 $ 7,474,033 $ 23,688,997 $ 21,742,068 The following table reports other information about the Company's leases for the three and nine months ended December 31, 2020 and 2019: Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,845,544 $ 6,515,141 $ 20,694,712 $ 18,818,335 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 2,116,215 $ 8,182,788 $ 9,748,709 $ 31,476,079 Weighted average remaining lease term — operating leases 7.3 years 8.5 years 7.3 years 8.5 years Weighted-average discount rate — operating leases 6.3 % 6.7 % 6.3 % 6.7 % _______________________________________________________ (1) In May 2019 the Company executed a new 10 year lease agreement for its corporate headquarters in Greenville, South Carolina. 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 $15.6 million. The following table reports information about the maturity of the Company's operating leases as of December 31, 2020: December 31, 2020 Operating lease liability maturity analysis Fiscal 2021 $ 6,779,218 Fiscal 2022 24,901,962 Fiscal 2023 20,560,663 Fiscal 2024 16,573,622 Fiscal 2025 12,182,488 Fiscal 2026 8,500,529 Thereafter 30,535,307 Total undiscounted lease liability 120,033,789 Imputed interest 25,649,254 Total discounted lease liability $ 94,384,535 The Company had no leases with related parties at December 31, 2020 or March 31, 2020.

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION	9 Months Ended
	Dec. 31, 2020
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, 2020 2019 2020 2019 Basic: Weighted average common shares outstanding (denominator) 6,233,961 7,220,938 6,593,135 7,842,689 Diluted: Weighted average common shares outstanding 6,233,961 7,220,938 6,593,135 7,842,689 Dilutive potential common shares 218,424 — 150,514 320,618 Weighted average diluted shares outstanding (denominator) 6,452,385 7,220,938 6,743,649 8,163,307 Options to purchase 629,086 and 643,961 shares of common stock at various prices were outstanding during the three months ended December 31, 2020 and 2019 respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Incentive Plans The Company has 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 3,350,000 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 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 sought 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 Restricted Stock Eligible for Vesting $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 Options Eligible for Vesting $25.30 100% Stock Options The weighted-average fair value at the grant date for options issued during the three months ended December 31, 2020 and 2019 was $56.55 and $60.43, respectively. The weighted-average fair value at the grant date for options issued during the nine months ended December 31, 2020 and 2019 was $50.42 and $64.49, 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, 2020 2019 2020 2019 Dividend Yield —% —% —% —% Expected Volatility 57.09% 52.87% 56.48% 52.09% Average risk-free rate 0.43% 1.64% 0.38% 1.66% Expected Life 6.0 years 6.0 years 6.2 years 6.2 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, 2020 was as follows: Shares Weighted Average Exercise Weighted Average Aggregate Intrinsic Value Options outstanding, beginning of period 646,728 $ 88.30 Granted during period 26,402 95.59 Exercised during period (33,776) 66.79 Forfeited during period (15,640) 103.66 Expired during period (300) 76.51 Options outstanding, end of period 623,414 $ 89.43 6.0 years $ 8,627,259 Options exercisable, end of period 342,736 $ 79.29 4.2 years $ 7,992,605 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, 2020 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, 2020. 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, 2020 and 2019 was as follows: December 31, December 31, Three months ended $ 718,343 $ 728,193 Nine months ended $ 1,215,063 $ 5,078,750 As of December 31, 2020, total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $8.4 million, which is expected to be recognized over a weighted-average period of approximately 3.5 years. Restricted Stock During the first nine months of fiscal 2021, the Company granted 39,675 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 $96.14 per share. During fiscal 2020, the Company granted 11,223 shares of restricted stock (which are equity classified) to certain vice presidents with a grant date weighted average fair value of $90.23 per share. 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 $11.5 million and $18.5 million for the nine months ended December 31, 2020 and 2019, respectively, which is included as a component of general and administrative expenses in the Company’s consolidated statements of operations. As of December 31, 2020, there was approximately $29.4 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 2.7 years based on current estimates. A summary of the status of the Company’s restricted stock as of December 31, 2020, and changes during the nine months ended December 31, 2020, are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2020 705,254 $ 101.47 Granted during the period 39,675 96.14 Vested during the period (83,250) 101.17 Forfeited during the period (60,000) 100.79 Outstanding at December 31, 2020 601,679 $ 101.23 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, 2020 and 2019 was as follows: Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 854,647 $ 1,168,033 $ 2,987,621 $ 4,394,143 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 4,043,813 5,162,777 11,521,082 18,539,144 Total stock-based compensation related to equity classified awards $ 4,898,460 $ 6,330,810 $ 14,508,703 $ 22,933,287

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONSThe 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, 2020 and 2019. Nine months ended December 31, 2020 2019 Acquisitions: Number of branches acquired through business combinations — 37 Number of loan portfolios acquired through asset purchases 48 134 Total acquisitions 48 171 Purchase price $ 18,847,223 $ 56,400,058 Tangible assets: Loans receivable, net 14,364,042 43,036,296 Property and equipment — 69,000 Total tangible assets 14,364,042 43,105,296 Excess of purchase prices over carrying value of net tangible assets $ 4,483,181 $ 13,294,762 Customer lists $ 4,300,681 12,233,806 Non-compete agreements $ 182,500 855,000 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. 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. Under CECL, acquired loans are included in the reserve calculations for all other loan types (excluding TALs). Management includes recent acquisition activity compared to historical activity when considering reasonable and supportable forecasts as it relates to assessing the adequacy of the allowance for expected credit losses. The Company did not acquire any loans that would qualify as PCD's during the period. 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, 2020
Debt Disclosure [Abstract]
DEBT	DEBT Senior Notes Payable; Revolving Credit Facility At December 31, 2020 the Company's notes payable consisted of a $685.0 million senior revolving credit facility, which includes an accordion feature permitting the maximum aggregate commitments to increase to $685.0 million provided that certain conditions are met. At December 31, 2020 $539.6 million was outstanding under the Company's revolving credit facility, not including a $300.0 thousand 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, 2020. The letter of credit expires on December 31, 2021; however, it automatically extends for one year on the expiration date. Subject to a borrowing base formula, the Company may borrow at the rate of LIBOR plus an applicable margin between 3.5% and 4.5% 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 4.5%. 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 $1.1 million and $0.9 million for the nine months ended December 31, 2020 and 2019, respectively. The amended and restated revolving credit agreement provides for a process to transition to a new benchmark interest rate from LIBOR, if necessary. For the nine months ended December 31, 2020 and fiscal year ended March 31, 2020, the Company’s effective interest rate, including the commitment fee and amortization of debt issuance costs, was 5.8% annualized and 5.8%, respectively, and the unused amount available under the revolver at December 31, 2020 was $124.0 million. The Company also had $21.1 million that may become available under the revolving credit facility if it grows the net eligible finance receivables. 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 agreement governing the Company’s revolving credit facility 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 $325,000,000; (ii) a minimum fixed charge coverage ratio of 2.75 to 1.0 (iii) a maximum ratio of total debt to consolidated adjusted net worth of 2.0 to 1.0; and (iv) a maximum collateral performance indicator of 24.0%, as of the end of each calendar month. The collateral performance indicator is equal to 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, 2020 and March 31, 2020 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, bankruptcy and other insolvency events, judgments, certain ERISA events, actual or asserted invalidity of loan documentation, invalidity of subordination provisions of subordinated debt, certain changes of control of the Company, and the occurrence of certain regulatory events (including the entry of any stay, order, judgment, ruling or similar event related to the Company’s or any of its subsidiaries’ originating, holding, pledging, collecting or enforcing its eligible finance receivables that is material to the Company or any subsidiary) which remains unvacated, undischarged, unbonded or unstayed by appeal or otherwise for a period of 30 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 any applicable law

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES As of December 31, 2020 and March 31, 2020, the Company had $3.6 million and $5.8 million, respectively, of total gross unrecognized tax benefits including interest. Approximately $3.0 million and $5.2 million, respectively, represent the amount of net unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. At December 31, 2020, approximately $1.4 million of gross unrecognized tax benefits are expected to be resolved during the next twelve months through the expiration of the statute of limitations and settlement with taxing authorities. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. As of December 31, 2020, the Company had approximately $1.2 million accrued for gross interest, of which $274.5 thousand reversed during the nine months ended December 31, 2020. 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 totaled 14.3% for the quarter ended December 31, 2020 compared to (6.0)% for the prior year quarter. The difference is primarily due to the release of reserves related to the settlement of a state dispute and the expiration of the statute of limitations in the current period along with the recognition of the $8.0 million non-deductible accrual for the Mexico resolution which was partially offset by the net benefit under the Federal Historic Tax Credit program in the prior year quarter.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Derivative Litigation On September 25, 2020, a shareholder filed a derivative complaint in South Carolina state court, Paul Parshall v. World Acceptance et al ., against the Company as the nominal defendant and certain current and former directors and officers as defendants. Pointing to the Company’s resolution with the SEC and DOJ of the Mexico investigation previously disclosed, the complaint alleges violations of South Carolina law, including breaches of fiduciary duties and corporate waste, and that the Company has suffered damages as a result of those alleged breaches. The complaint seeks unspecified monetary damages from the individual defendants, equitable and/or injunctive relief, disgorgement of compensation from the individual defendants, and attorneys’ fees and costs. Because the complaint is derivative in nature, it does not seek monetary damages from the Company. However, the Company may be required to advance, and ultimately be responsible for, the legal fees and costs incurred by the individual defendants. 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. However, in light of the inherent uncertainties involved, 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

SUBSEQUENT EVENTS	9 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSManagement 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.

SUMMARY OF SIGNIFICANT POLICI_2

SUMMARY OF SIGNIFICANT POLICIES (Policies)	9 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Nature of Operations	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	SeasonalityThe 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.
Allowance for credit losses	Allowance for credit losses Refer to Note 5, “Finance Receivables and Allowance for Credit Losses,” in this Quarterly Report on Form 10-Q for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes.
Reclassification	ReclassificationThe Company has made certain adjustments to its treatment of historic tax credits purchased during fiscal 2020 since it filed its Report on Form 10-Q for the quarterly period ended December 31, 2019. The adjustments correctly present the Company’s election to account for historic tax credits purchased using the income statement method in conjunction with the flow-through method. Under this approach, the deferred tax liability related to the difference between the book and tax basis in the underlying historic tax credit investment is recorded in the tax provision and reversed over the same period as the amortization of the historic tax credit investment.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Measurement of Credit Losses on Financial Instruments ASU 2016-13 The Company adopted this ASU (and all subsequent ASUs on this topic) as of April 1, 2020 using the modified retrospective approach. The adoption of this pronouncement resulted in the recognition of a $28.6 million increase in the allowance for credit losses on our opening balance sheet as of April 1, 2020, with a corresponding net-of-tax $21.2 million reduction in retained earnings and a $7.4 million increase to deferred income taxes, net. Recently Issued Accounting Standards Not Yet Adopted

ASSETS HELD FOR SALE (Tables)

ASSETS HELD FOR SALE (Tables)	9 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disclosure of Long Lived Assets Held-for-sale	The following table reconciles the major classes of assets held for sale to the amounts presented in the Consolidated Balance Sheets: December 31, 2020 March 31, 2020 Assets held for sale: Property and equipment, net $ 1,143,528 $ 3,991,498 Total assets held for sale $ 1,143,528 $ 3,991,498

SUMMARY OF SIGNIFICANT POLICI_3

SUMMARY OF SIGNIFICANT POLICIES (Tables)	9 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	As a result of these corrections, the below line items have been adjusted as follows: CONSOLIDATED STATEMENT OF OPERATIONS Three months ended December 31, 2019 Nine months ended December 31, 2019 As originally filed Adjustments As revised As originally filed Adjustments As revised Insurance income, net and other income $ 16,854,871 $ (83,124) $ 16,771,747 $ 47,868,789 $ (83,124) $ 47,785,665 Total revenues 147,079,208 (83,124) 146,996,084 427,094,307 (83,124) 427,011,183 Other expense 17,631,727 434,096 18,065,823 34,287,303 434,096 34,721,399 Total general and administrative expense 90,123,631 434,096 90,557,727 250,352,377 434,096 250,786,473 Total expenses 152,473,279 434,096 152,907,375 417,692,277 434,096 418,126,373 Income (loss) before income taxes (5,394,071) (517,220) (5,911,291) 9,402,030 (517,220) 8,884,810 Income tax expense $ 429,997 $ (73,704) $ 356,293 $ 2,397,698 $ 1,633,123 $ 4,030,821 Net income (loss) $ (5,824,068) $ (443,516) $ (6,267,584) $ 7,004,332 $ (2,150,343) $ 4,853,989

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. December 31, 2020 March 31, 2020 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 9,690,662 9,690,662 $ 11,618,922 11,618,922 Loans receivable, net 3 816,007,035 816,007,035 804,402,786 804,402,786 LIABILITIES Senior notes payable 3 539,600,000 539,600,000 451,100,000 451,100,000
Fair Value Measurements, Nonrecurring	The carrying amounts and estimated fair values of amounts the Company measures at fair value on a non-recurring basis, which are limited to the Company's assets held for sale, are summarized below. December 31, 2020 March 31, 2020 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Assets held for sale 2 $ 1,143,528 $ 1,143,528 $ 3,991,498 $ 3,991,498

FINANCE RECEIVABLES AND ALLOW_2

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure December 31, 2020 0 to 5 months $ 109,146,394 6 to 17 months 140,042,981 18 to 35 months 189,205,533 36 to 59 months 148,244,918 60+ months 677,647,591 Tax advance loans 242,898 Total gross loans $ 1,264,530,315
Assessment of the credit quality	The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at December 31, 2020: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,096,454,268 $ 53,542,759 $ 2,329,906 $ 128,216 $ 10,211 $ 3,063 $ 1,152,468,423 30 - 60 days past due 42,220,508 4,099,955 272,431 58,886 8,142 168 46,660,090 61 - 90 days past due 23,939,973 2,640,530 158,794 23,586 1,198 574 26,764,655 91 or more days past due 31,674,388 6,339,220 325,237 46,724 6,639 2,041 38,394,249 Total $ 1,194,289,137 $ 66,622,464 $ 3,086,368 $ 257,412 $ 26,190 $ 5,846 $ 1,264,287,417 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 7,920 $ — $ — $ — $ — $ — 7,920 30 - 60 days past due 9,305 — — — — — 9,305 61 - 90 days past due 11,647 — — — — — 11,647 91 or more days past due 211,779 2,247 — — — — 214,026 Total $ 240,651 $ 2,247 $ — $ — $ — $ — $ 242,898 Total gross loans $ 1,264,530,315 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at December 31, 2020: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,082,056,393 $ 48,598,283 $ 1,885,402 $ 74,695 $ 270 $ 831 $ 1,132,615,874 30 - 60 days past due 46,120,163 2,687,437 146,140 15,455 — — 48,969,195 61 - 90 days past due 27,167,688 2,234,188 81,559 945 — — 29,484,380 91 or more days past due 38,944,893 13,102,556 973,268 166,317 25,919 5,015 53,217,968 Total $ 1,194,289,137 $ 66,622,464 $ 3,086,369 $ 257,412 $ 26,189 $ 5,846 $ 1,264,287,417 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 63 $ — $ — $ — $ — $ — $ 63 30 - 60 days past due 50 — — — — — 50 61 - 90 days past due 2,744 — — — — — 2,744 91 or more days past due 237,794 2,247 — — — — 240,041 Total $ 240,651 $ 2,247 $ — $ — $ — $ — $ 242,898 Total gross loans $ 1,264,530,315 The following is an assessment of the credit quality of loans for the periods indicated: March 31, 2020 December 31, 2019 Credit risk Consumer loans- non-bankrupt accounts $ 1,203,552,152 $ 1,366,079,543 Consumer loans- bankrupt accounts 6,319,214 6,689,037 Total gross loans $ 1,209,871,366 $ 1,372,768,580 Consumer credit exposure Credit risk profile based on payment activity, performing $ 1,104,130,714 $ 1,255,471,072 Contractual non-performing, 61 or more days delinquent (1) 105,740,652 117,297,508 Total gross loans $ 1,209,871,366 $ 1,372,768,580 Credit risk profile based on customer type New borrower $ 124,800,193 $ 155,284,022 Former borrower 127,108,125 161,575,535 Refinance 935,448,882 1,031,380,059 Delinquent refinance 22,514,166 24,528,964 Total gross loans $ 1,209,871,366 $ 1,372,768,580 _______________________________________________________ (1) Loans in non-accrual status.
Summary of changes in the allowance for loan losses	The following table presents a roll forward of the allowance for credit losses on our gross loans receivable for the three and nine months ended December 31, 2020 and 2019. Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Beginning balance 109,601,359 $ 101,469,313 $ 96,487,856 $ 81,519,624 Impact of ASC 326 adoption — — 28,628,368 — Provision for credit losses 28,857,443 55,219,470 80,608,470 149,478,577 Charge-offs (29,239,780) (46,850,430) (106,865,225) (128,978,851) Recoveries 4,248,339 3,231,288 14,607,892 11,050,291 Net charge-offs (24,991,441) (43,619,142) (92,257,333) (117,928,560) Ending Balance $ 113,467,361 $ 113,069,641 $ 113,467,361 $ 113,069,641
Summary of the past due receivables	The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at December 31, 2020: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 91,287,471 $ 6,542,056 $ 4,492,845 $ 6,824,023 $ 17,858,924 $ 109,146,395 6 to 17 months 118,906,270 7,443,204 5,183,990 8,509,517 21,136,711 140,042,981 18 to 35 months 171,201,659 7,495,044 4,324,184 6,184,645 18,003,873 189,205,532 36 to 59 months 136,570,735 5,156,489 2,804,847 3,712,847 11,674,183 148,244,918 60+ months 634,502,288 20,023,296 9,958,789 13,163,218 43,145,303 677,647,591 Tax advance loans 7,920 9,305 11,647 214,026 $ 234,978 242,898 Total gross loans 1,152,476,343 46,669,394 26,776,302 38,608,276 112,053,972 1,264,530,315 Unearned interest, insurance and fees (305,365,570) (12,365,743) (7,094,775) (10,229,831) (29,690,349) (335,055,919) Total net loans $ 847,110,773 $ 34,303,651 $ 19,681,527 $ 28,378,445 $ 82,363,623 $ 929,474,396 Percentage of period-end gross loans receivable 3.7% 2.1% 3.1% 8.9% Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 90,177,810 $ 6,466,041 $ 4,502,768 $ 7,999,773 $ 18,968,582 $ 109,146,392 6 to 17 months 116,381,121 7,566,591 5,380,327 10,714,943 23,661,861 140,042,982 18 to 35 months 168,402,428 7,688,576 4,805,036 8,309,493 20,803,105 189,205,533 36 to 59 months 134,268,134 5,473,173 3,130,245 5,373,367 13,976,785 148,244,919 60+ months 623,386,383 21,774,814 11,666,004 20,820,390 54,261,208 677,647,591 Tax advance loans 63 50 2,744 240,041 $ 242,835 242,898 Total gross loans 1,132,615,939 48,969,245 29,487,124 53,458,007 131,914,376 1,264,530,315 Unearned interest, insurance and fees (300,103,263) (12,975,122) (7,813,048) (14,164,486) (34,952,656) (335,055,919) Total net loans $ 832,512,676 $ 35,994,123 $ 21,674,076 $ 39,293,521 $ 96,961,720 $ 929,474,396 Percentage of period-end gross loans receivable 3.9% 2.3% 4.2% 10.4 % The following is a summary of the past due receivables as of: March 31, 2020 December 31, 2019 Contractual basis: 30-60 days past due $ 49,137,102 $ 55,172,208 61-90 days past due 35,020,925 36,531,939 91 days or more past due 70,719,727 80,765,569 Total $ 154,877,754 $ 172,469,716 Percentage of period-end gross loans receivable 12.8 % 12.6 % Recency basis: 30-60 days past due $ 48,206,910 $ 54,090,162 61-90 days past due 28,450,942 33,295,364 91 days or more past due 50,669,837 62,565,314 Total $ 127,327,689 $ 149,950,840 Percentage of period-end gross loans receivable 10.5 % 10.9 %
Financing Receivable, Nonaccrual	It also shows year-to-date interest income recognized on nonaccrual loans: Nonaccrual Financial Assets Customer Tenure As of December 31, 2020 As of March 31, 2020 Financial Assets 61 Days or More Past Due, Not on Nonaccrual Status Nonaccrual Financial Assets With No Allowance as of December 31, 2020 Interest Income 0 to 5 months $ 12,725,225 $ 26,040,593 $ — $ — $ 1,283,886 6 to 17 months 16,352,270 17,466,450 — — 1,617,925 18 to 35 months 13,429,551 13,723,295 — — 1,418,093 36 to 59 months 8,794,918 10,071,288 — — 1,082,178 60+ months 33,829,640 44,293,545 — — 4,822,468 Tax advance loans 296,191 41,573 — — Unearned interest, insurance and fees (22,635,352) (28,510,140) — — Total $ 62,792,443 $ 83,126,604 $ — $ — $ 10,224,550
Summary of loans individually and collectively evaluated for impairment	The following is a summary of loans individually and collectively evaluated for impairment for the periods indicated: March 31, 2020 Loans individually Loans collectively Total Gross loans in bankruptcy, excluding contractually delinquent $ 5,165,752 — 5,165,752 Gross loans contractually delinquent 70,719,727 — 70,719,727 Loans not contractually delinquent and not in bankruptcy — 1,133,985,887 1,133,985,887 Gross loan balance 75,885,479 1,133,985,887 1,209,871,366 Unearned interest and fees (16,848,762) (292,131,962) (308,980,724) Net loans 59,036,717 841,853,925 900,890,642 Allowance for credit losses (54,090,509) (42,397,347) (96,487,856) Loans, net of allowance for credit losses $ 4,946,208 799,456,578 804,402,786 December 31, 2019 Loans individually Loans collectively 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 losses (61,840,514) (51,229,127) (113,069,641) Loans, net of allowance for losses $ 4,850,713 888,814,159 893,664,872

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lease, Cost	The following table reports information about the Company's lease cost for the three and nine months ended December 31, 2020 and 2019: Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Lease Cost Operating lease cost $ 6,939,330 $ 6,636,596 $ 21,027,265 $ 19,289,946 Short-term lease cost — 1,800 1,800 1,800 Variable lease cost 882,559 835,637 2,659,932 2,450,322 Total lease cost $ 7,821,889 $ 7,474,033 $ 23,688,997 $ 21,742,068 The following table reports other information about the Company's leases for the three and nine months ended December 31, 2020 and 2019: Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,845,544 $ 6,515,141 $ 20,694,712 $ 18,818,335 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 2,116,215 $ 8,182,788 $ 9,748,709 $ 31,476,079 Weighted average remaining lease term — operating leases 7.3 years 8.5 years 7.3 years 8.5 years Weighted-average discount rate — operating leases 6.3 % 6.7 % 6.3 % 6.7 % _______________________________________________________ (1) In May 2019 the Company executed a new 10 year lease agreement for its corporate headquarters in Greenville, South Carolina. 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 $15.6 million.
Lessee, Operating Lease, Liability, Maturity	The following table reports information about the maturity of the Company's operating leases as of December 31, 2020: December 31, 2020 Operating lease liability maturity analysis Fiscal 2021 $ 6,779,218 Fiscal 2022 24,901,962 Fiscal 2023 20,560,663 Fiscal 2024 16,573,622 Fiscal 2025 12,182,488 Fiscal 2026 8,500,529 Thereafter 30,535,307 Total undiscounted lease liability 120,033,789 Imputed interest 25,649,254 Total discounted lease liability $ 94,384,535

AVERAGE SHARE INFORMATION (Tabl

AVERAGE SHARE INFORMATION (Tables)	9 Months Ended
	Dec. 31, 2020
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, 2020 2019 2020 2019 Basic: Weighted average common shares outstanding (denominator) 6,233,961 7,220,938 6,593,135 7,842,689 Diluted: Weighted average common shares outstanding 6,233,961 7,220,938 6,593,135 7,842,689 Dilutive potential common shares 218,424 — 150,514 320,618 Weighted average diluted shares outstanding (denominator) 6,452,385 7,220,938 6,743,649 8,163,307

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Shares Vesting Based on EPS Targets	The Performance Option performance target is set forth below. Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100%
Fair value was estimated at grant date using the weighted-average	Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Dividend Yield —% —% —% —% Expected Volatility 57.09% 52.87% 56.48% 52.09% Average risk-free rate 0.43% 1.64% 0.38% 1.66% Expected Life 6.0 years 6.0 years 6.2 years 6.2 years
Summary schedule of stock option activity	Option activity for the nine months ended December 31, 2020 was as follows: Shares Weighted Average Exercise Weighted Average Aggregate Intrinsic Value Options outstanding, beginning of period 646,728 $ 88.30 Granted during period 26,402 95.59 Exercised during period (33,776) 66.79 Forfeited during period (15,640) 103.66 Expired during period (300) 76.51 Options outstanding, end of period 623,414 $ 89.43 6.0 years $ 8,627,259 Options exercisable, end of period 342,736 $ 79.29 4.2 years $ 7,992,605
Intrinsic value of options exercised	The total intrinsic value of options exercised during the periods ended December 31, 2020 and 2019 was as follows: December 31, December 31, Three months ended $ 718,343 $ 728,193 Nine months ended $ 1,215,063 $ 5,078,750
Summary of the status and changes restricted stock	A summary of the status of the Company’s restricted stock as of December 31, 2020, and changes during the nine months ended December 31, 2020, are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2020 705,254 $ 101.47 Granted during the period 39,675 96.14 Vested during the period (83,250) 101.17 Forfeited during the period (60,000) 100.79 Outstanding at December 31, 2020 601,679 $ 101.23
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, 2020 and 2019 was as follows: Three months ended December 31, Nine months ended December 31, 2020 2019 2020 2019 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 854,647 $ 1,168,033 $ 2,987,621 $ 4,394,143 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 4,043,813 5,162,777 11,521,082 18,539,144 Total stock-based compensation related to equity classified awards $ 4,898,460 $ 6,330,810 $ 14,508,703 $ 22,933,287
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Shares Vesting Based on EPS Targets	The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for Restricted Stock Eligible for Vesting $16.35 40% $20.45 60%

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table sets forth the Company's acquisition activity for the nine months ended December 31, 2020 and 2019. Nine months ended December 31, 2020 2019 Acquisitions: Number of branches acquired through business combinations — 37 Number of loan portfolios acquired through asset purchases 48 134 Total acquisitions 48 171 Purchase price $ 18,847,223 $ 56,400,058 Tangible assets: Loans receivable, net 14,364,042 43,036,296 Property and equipment — 69,000 Total tangible assets 14,364,042 43,105,296 Excess of purchase prices over carrying value of net tangible assets $ 4,483,181 $ 13,294,762 Customer lists $ 4,300,681 12,233,806 Non-compete agreements $ 182,500 855,000 Goodwill $ — 205,956

ASSETS HELD FOR SALE (Details)

ASSETS HELD FOR SALE (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)building	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2020USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Number of buildings sold | building	2
Number of buildings | building	3
Loss on sale of assets held for sale | $	$ 37,579	$ 37,579	$ 0
Assets held-for-sale, not part of disposal group, other | $		$ 1,143,528		$ 3,991,498

SUMMARY OF SIGNIFICANT POLICI_4

SUMMARY OF SIGNIFICANT POLICIES (Details) - USD ($)	Apr. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Mar. 31, 2019
Item Effected [Line Items]
Insurance income, net and other income			$ 16,771,747		$ 47,785,665
Total revenues		$ 130,945,650	146,996,084	$ 379,253,504	427,011,183
Other expense			18,065,823		34,721,399
Total general and administrative expense		77,875,071	90,557,727	224,775,590	250,786,473
Total expenses		114,037,045	152,907,375	324,143,258	418,126,373
Income (loss) before income taxes			(5,911,291)		8,884,810
Income tax expense		2,417,999	356,293	11,711,371	4,030,821
Net income (loss)		14,490,606	(6,267,584)	$ 43,398,875	4,853,989
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member			us-gaap:AccountingStandardsUpdate201613Member		us-gaap:AccountingStandardsUpdate201605Member
Allowance for credit losses		113,467,361	113,069,641	$ 113,467,361	113,069,641	$ 96,487,856	$ 109,601,359		$ 101,469,313	$ 81,519,624
Retained earnings		(118,056,820)		(118,056,820)		(184,748,490)
Deferred income taxes, net		$ 26,507,211		$ 26,507,211		$ 23,257,985
Accounting Standards Update 2016-13
Item Effected [Line Items]
Allowance for credit losses	$ 28,600,000							$ 28,600,000
Retained earnings	21,200,000
Deferred income taxes, net	$ 7,400,000
Previously Reported
Item Effected [Line Items]
Insurance income, net and other income			16,854,871		47,868,789
Total revenues			147,079,208		427,094,307
Other expense			17,631,727		34,287,303
Total general and administrative expense			90,123,631		250,352,377
Total expenses			152,473,279		417,692,277
Income (loss) before income taxes			(5,394,071)		9,402,030
Income tax expense			429,997		2,397,698
Net income (loss)			(5,824,068)		7,004,332
Revision of Prior Period, Adjustment
Item Effected [Line Items]
Insurance income, net and other income			(83,124)		(83,124)
Total revenues			(83,124)		(83,124)
Other expense			434,096		434,096
Total general and administrative expense			434,096		434,096
Total expenses			434,096		434,096
Income (loss) before income taxes			(517,220)		(517,220)
Income tax expense			(73,704)		1,633,123
Net income (loss)			$ (443,516)		$ (2,150,343)

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($)	9 Months Ended
	Dec. 31, 2020	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Average loan period	8 months
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	$ 539,600,000	$ 451,100,000
Carrying Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	539,600,000	451,100,000
Estimated Fair Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	539,600,000	451,100,000
Fair Value, Inputs, Level 1 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	9,690,662	11,618,922
Fair Value, Inputs, Level 1 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	9,690,662	11,618,922
Fair Value, Inputs, Level 2 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets held for sale	1,143,528	3,991,498
Fair Value, Inputs, Level 2 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets held for sale	1,143,528	3,991,498
Fair Value, Inputs, Level 3 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, net	816,007,035	804,402,786
Fair Value, Inputs, Level 3 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, net	$ 816,007,035	$ 804,402,786

FINANCE RECEIVABLES AND ALLOW_3

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Gross Loans Receivable By Customer Tenure) (Details) - USD ($)	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Apr. 01, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Mar. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,264,530,315				$ 1,209,871,366	$ 1,372,768,580
Allowance for credit losses	113,467,361	$ 109,601,359			$ 96,487,856	$ 113,069,641	$ 101,469,313	$ 81,519,624
Accounting Standards Update 2016-13
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses			$ 28,600,000	$ 28,600,000
Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	242,898
Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,264,530,315
Recency Basis | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	242,898
0 to 5 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	109,146,395
0 to 5 months | Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	109,146,394
6 to 17 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	140,042,981
6 to 17 months | Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	140,042,981
18 to 35 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	189,205,532
18 to 35 months | Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	189,205,533
36 to 59 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	148,244,918
36 to 59 months | Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	148,244,918
60+ Months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	677,647,591
60+ Months | Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 677,647,591

FINANCE RECEIVABLES AND ALLOW_4

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Payment Performance On A Recency Basis) (Details) - USD ($)	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,264,530,315	$ 1,209,871,366	$ 1,372,768,580
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,194,289,137
Financing receivable, between 1 and 2 years ago	66,622,464
Financing receivable, between 2 and 3 years ago	3,086,368
Financing receivable, between 3 and 4 years ago	257,412
Financing receivable, between 4 and 5 years ago	26,190
Financing receivable, more than 5 years ago	5,846
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,264,287,417
Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	42,220,508
Financing receivable, between 1 and 2 years ago	4,099,955
Financing receivable, between 2 and 3 years ago	272,431
Financing receivable, between 3 and 4 years ago	58,886
Financing receivable, between 4 and 5 years ago	8,142
Financing receivable, more than 5 years ago	168
Gross loans receivable	46,660,090
Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	23,939,973
Financing receivable, between 1 and 2 years ago	2,640,530
Financing receivable, between 2 and 3 years ago	158,794
Financing receivable, between 3 and 4 years ago	23,586
Financing receivable, between 4 and 5 years ago	1,198
Financing receivable, more than 5 years ago	574
Gross loans receivable	26,764,655
Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	31,674,388
Financing receivable, between 1 and 2 years ago	6,339,220
Financing receivable, between 2 and 3 years ago	325,237
Financing receivable, between 3 and 4 years ago	46,724
Financing receivable, between 4 and 5 years ago	6,639
Financing receivable, more than 5 years ago	2,041
Gross loans receivable	38,394,249
Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	240,651
Financing receivable, between 1 and 2 years ago	2,247
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	242,898
Tax Advance Loan | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	9,305
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	9,305
Tax Advance Loan | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	11,647
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	11,647
Tax Advance Loan | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	211,779
Financing receivable, between 1 and 2 years ago	2,247
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	214,026
Performing Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable		$ 1,104,130,714	$ 1,255,471,072
Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,096,454,268
Financing receivable, between 1 and 2 years ago	53,542,759
Financing receivable, between 2 and 3 years ago	2,329,906
Financing receivable, between 3 and 4 years ago	128,216
Financing receivable, between 4 and 5 years ago	10,211
Financing receivable, more than 5 years ago	3,063
Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,152,468,423
Performing Financing Receivable | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	7,920
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	$ 7,920

FINANCE RECEIVABLES AND ALLOW_5

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Payment Performance On A Contractual Basis) (Details) - USD ($)	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,264,530,315	$ 1,209,871,366	$ 1,372,768,580
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,194,289,137
Financing receivable, between 1 and 2 years ago	66,622,464
Financing receivable, between 2 and 3 years ago	3,086,368
Financing receivable, between 3 and 4 years ago	257,412
Financing receivable, between 4 and 5 years ago	26,190
Financing receivable, more than 5 years ago	5,846
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,264,287,417
Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	42,220,508
Financing receivable, between 1 and 2 years ago	4,099,955
Financing receivable, between 2 and 3 years ago	272,431
Financing receivable, between 3 and 4 years ago	58,886
Financing receivable, between 4 and 5 years ago	8,142
Financing receivable, more than 5 years ago	168
Gross loans receivable	46,660,090
Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	23,939,973
Financing receivable, between 1 and 2 years ago	2,640,530
Financing receivable, between 2 and 3 years ago	158,794
Financing receivable, between 3 and 4 years ago	23,586
Financing receivable, between 4 and 5 years ago	1,198
Financing receivable, more than 5 years ago	574
Gross loans receivable	26,764,655
Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	31,674,388
Financing receivable, between 1 and 2 years ago	6,339,220
Financing receivable, between 2 and 3 years ago	325,237
Financing receivable, between 3 and 4 years ago	46,724
Financing receivable, between 4 and 5 years ago	6,639
Financing receivable, more than 5 years ago	2,041
Gross loans receivable	38,394,249
Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	240,651
Financing receivable, between 1 and 2 years ago	2,247
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	242,898
Tax Advance Loan | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	9,305
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	9,305
Tax Advance Loan | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	11,647
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	11,647
Tax Advance Loan | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	211,779
Financing receivable, between 1 and 2 years ago	2,247
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	214,026
Performing Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable		$ 1,104,130,714	$ 1,255,471,072
Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,096,454,268
Financing receivable, between 1 and 2 years ago	53,542,759
Financing receivable, between 2 and 3 years ago	2,329,906
Financing receivable, between 3 and 4 years ago	128,216
Financing receivable, between 4 and 5 years ago	10,211
Financing receivable, more than 5 years ago	3,063
Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,152,468,423
Performing Financing Receivable | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	7,920
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	7,920
Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,264,530,315
Contractual basis | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,194,289,137
Financing receivable, between 1 and 2 years ago	66,622,464
Financing receivable, between 2 and 3 years ago	3,086,369
Financing receivable, between 3 and 4 years ago	257,412
Financing receivable, between 4 and 5 years ago	26,189
Financing receivable, more than 5 years ago	5,846
Contractual basis | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,264,287,417
Contractual basis | Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	46,120,163
Financing receivable, between 1 and 2 years ago	2,687,437
Financing receivable, between 2 and 3 years ago	146,140
Financing receivable, between 3 and 4 years ago	15,455
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	48,969,195
Contractual basis | Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	27,167,688
Financing receivable, between 1 and 2 years ago	2,234,188
Financing receivable, between 2 and 3 years ago	81,559
Financing receivable, between 3 and 4 years ago	945
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	29,484,380
Contractual basis | Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	38,944,893
Financing receivable, between 1 and 2 years ago	13,102,556
Financing receivable, between 2 and 3 years ago	973,268
Financing receivable, between 3 and 4 years ago	166,317
Financing receivable, between 4 and 5 years ago	25,919
Financing receivable, more than 5 years ago	5,015
Gross loans receivable	53,217,968
Contractual basis | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	240,651
Financing receivable, between 1 and 2 years ago	2,247
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	242,898
Contractual basis | Tax Advance Loan | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	50
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	50
Contractual basis | Tax Advance Loan | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	2,744
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	2,744
Contractual basis | Tax Advance Loan | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	237,794
Financing receivable, between 1 and 2 years ago	2,247
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	240,041
Contractual basis | Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,082,056,393
Financing receivable, between 1 and 2 years ago	48,598,283
Financing receivable, between 2 and 3 years ago	1,885,402
Financing receivable, between 3 and 4 years ago	74,695
Financing receivable, between 4 and 5 years ago	270
Financing receivable, more than 5 years ago	831
Contractual basis | Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,132,615,874
Contractual basis | Performing Financing Receivable | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	63
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	0
Financing receivable, between 3 and 4 years ago	0
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	$ 63

FINANCE RECEIVABLES AND ALLOW_6

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Roll Forward of the Allowance for Credit Losses on Our Gross Loans Receivable) (Details) - USD ($)	Apr. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 96,487,856	$ 109,601,359	$ 101,469,313	$ 96,487,856	$ 81,519,624	$ 81,519,624
Provision for credit losses		28,857,443	55,219,470	80,608,470	149,478,577
Charge-offs		(29,239,780)	(46,850,430)	(106,865,225)	(128,978,851)
Recoveries		4,248,339	3,231,288	14,607,892	11,050,291
Net charge-offs		(24,991,441)	(43,619,142)	(92,257,333)	(117,928,560)
Ending Balance		$ 113,467,361	$ 113,069,641	$ 113,467,361	$ 113,069,641	$ 96,487,856
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member			us-gaap:AccountingStandardsUpdate201613Member		us-gaap:AccountingStandardsUpdate201605Member
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 28,628,368			$ 28,628,368
Ending Balance						$ 28,628,368

FINANCE RECEIVABLES AND ALLOW_7

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Summary of Past Due Receivables) (Details) - USD ($)	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 1,264,530,315	$ 1,209,871,366	$ 1,372,768,580
Unearned interest, insurance and fees	335,055,919	308,980,724
Total net loans		900,890,642	1,006,734,513
Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	242,898
Performing Financing Receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		$ 1,104,130,714	$ 1,255,471,072
Recency Basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,264,530,315
Unearned interest, insurance and fees	(335,055,919)
Total net loans	$ 929,474,396
Financing receivable, percent past due	8.90%	10.50%	10.90%
Recency Basis | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 242,898
Recency Basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	109,146,395
Recency Basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	140,042,981
Recency Basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	189,205,532
Recency Basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	148,244,918
Recency Basis | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	677,647,591
Recency Basis | Performing Financing Receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,152,476,343
Unearned interest, insurance and fees	(305,365,570)
Total net loans	847,110,773
Recency Basis | Performing Financing Receivable | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	7,920
Recency Basis | Performing Financing Receivable | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	91,287,471
Recency Basis | Performing Financing Receivable | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	118,906,270
Recency Basis | Performing Financing Receivable | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	171,201,659
Recency Basis | Performing Financing Receivable | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	136,570,735
Recency Basis | Performing Financing Receivable | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	634,502,288
Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	46,669,394	$ 48,206,910	$ 54,090,162
Unearned interest, insurance and fees	(12,365,743)
Total net loans	$ 34,303,651
Financing receivable, percent past due	3.70%
Recency Basis | 30 - 60 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 9,305
Recency Basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	6,542,056
Total Loans	109,146,394
Recency Basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	7,443,204
Total Loans	140,042,981
Recency Basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	7,495,044
Total Loans	189,205,533
Recency Basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	5,156,489
Total Loans	148,244,918
Recency Basis | 30 - 60 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	20,023,296
Total Loans	677,647,591
Recency Basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	26,776,302	28,450,942	33,295,364
Unearned interest, insurance and fees	(7,094,775)
Total net loans	$ 19,681,527
Financing receivable, percent past due	2.10%
Recency Basis | 61 - 90 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 11,647
Recency Basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,492,845
Recency Basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	5,183,990
Recency Basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,324,184
Recency Basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	2,804,847
Recency Basis | 61 - 90 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	9,958,789
Recency Basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	38,608,276	50,669,837	62,565,314
Unearned interest, insurance and fees	(10,229,831)
Total net loans	$ 28,378,445
Financing receivable, percent past due	3.10%
Recency Basis | 91 or more days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 214,026
Recency Basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	6,824,023
Recency Basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	8,509,517
Recency Basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	6,184,645
Recency Basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,712,847
Recency Basis | 91 or more days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	13,163,218
Recency Basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	112,053,972	$ 127,327,689	$ 149,950,840
Unearned interest, insurance and fees	(29,690,349)
Total net loans	82,363,623
Recency Basis | Total Past Due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	234,978
Recency Basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	17,858,924
Recency Basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	21,136,711
Recency Basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	18,003,873
Recency Basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	11,674,183
Recency Basis | Total Past Due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	43,145,303
Contractual basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,264,530,315
Unearned interest, insurance and fees	(335,055,919)
Total net loans	$ 929,474,396
Financing receivable, percent past due	10.40%	12.80%	12.60%
Contractual basis | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 242,898
Contractual basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	109,146,392
Contractual basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	140,042,982
Contractual basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	189,205,533
Contractual basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	148,244,919
Contractual basis | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	677,647,591
Contractual basis | Performing Financing Receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,132,615,939
Unearned interest, insurance and fees	(300,103,263)
Total net loans	832,512,676
Contractual basis | Performing Financing Receivable | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	63
Contractual basis | Performing Financing Receivable | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	90,177,810
Contractual basis | Performing Financing Receivable | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	116,381,121
Contractual basis | Performing Financing Receivable | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	168,402,428
Contractual basis | Performing Financing Receivable | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	134,268,134
Contractual basis | Performing Financing Receivable | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	623,386,383
Contractual basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	48,969,245	$ 49,137,102	$ 55,172,208
Unearned interest, insurance and fees	(12,975,122)
Total net loans	$ 35,994,123
Financing receivable, percent past due	3.90%
Contractual basis | 30 - 60 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 50
Contractual basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	6,466,041
Contractual basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	7,566,591
Contractual basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	7,688,576
Contractual basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	5,473,173
Contractual basis | 30 - 60 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	21,774,814
Contractual basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	29,487,124	35,020,925	36,531,939
Unearned interest, insurance and fees	(7,813,048)
Total net loans	$ 21,674,076
Financing receivable, percent past due	2.30%
Contractual basis | 61 - 90 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 2,744
Contractual basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,502,768
Contractual basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	5,380,327
Contractual basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,805,036
Contractual basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,130,245
Contractual basis | 61 - 90 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	11,666,004
Contractual basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	53,458,007	70,719,727	80,765,569
Unearned interest, insurance and fees	(14,164,486)
Total net loans	$ 39,293,521
Financing receivable, percent past due	4.20%
Contractual basis | 91 or more days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 240,041
Contractual basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	7,999,773
Contractual basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	10,714,943
Contractual basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	8,309,493
Contractual basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	5,373,367
Contractual basis | 91 or more days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	20,820,390
Contractual basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	131,914,376	$ 154,877,754	$ 172,469,716
Unearned interest, insurance and fees	(34,952,656)
Total net loans	96,961,720
Contractual basis | Total Past Due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	242,835
Contractual basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	18,968,582
Contractual basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	23,661,861
Contractual basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	20,803,105
Contractual basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	13,976,785
Contractual basis | Total Past Due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 54,261,208

FINANCE RECEIVABLES AND ALLOW_8

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Nonaccrual) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 31, 2020	Dec. 31, 2020	Mar. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Uncollected accrued interest reversed	$ 6,400,000	$ 16,200,000
Financing receivable, nonaccrual	62,792,443	62,792,443	$ 83,126,604
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		10,224,550
Nonaccrual status
Financing Receivable, Nonaccrual [Line Items]
Unearned interest, insurance and fees	(22,635,352)	(22,635,352)	(28,510,140)
61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	0	0
Tax Advance Loan
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	296,191	296,191	41,573
Financing receivable, nonaccrual, no allowance	0	0
Tax Advance Loan | 61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	0	0
0 to 5 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	12,725,225	12,725,225	26,040,593
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,283,886
0 to 5 months | 61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	0	0
6 to 17 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	16,352,270	16,352,270	17,466,450
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,617,925
6 to 17 months | 61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	0	0
18 to 35 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	13,429,551	13,429,551	13,723,295
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,418,093
18 to 35 months | 61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	0	0
36 to 59 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	8,794,918	8,794,918	10,071,288
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,082,178
36 to 59 months | 61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	0	0
60+ Months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	33,829,640	33,829,640	$ 44,293,545
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		4,822,468
60+ Months | 61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 0	$ 0

FINANCE RECEIVABLES AND ALLOW_9

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Financing Receivables) (Details) - USD ($)	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans in bankruptcy, excluding contractually delinquent			$ 5,165,752	$ 5,066,019
Gross loans contractually delinquent			70,719,727	80,765,569
Loans not contractually delinquent and not in bankruptcy			1,133,985,887	1,286,936,992
Gross loans receivable	$ 1,264,530,315		1,209,871,366	1,372,768,580
Unearned interest and fees			(308,980,724)	(366,034,067)
Net loans			900,890,642	1,006,734,513
Allowance for credit losses	(113,467,361)	$ (109,601,359)	(96,487,856)	(113,069,641)	$ (101,469,313)	$ (81,519,624)
Loans receivable, net	$ 816,007,035		804,402,786	893,664,872
Loans individually evaluated for impairment (impaired loans)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans in bankruptcy, excluding contractually delinquent			5,165,752	5,066,019
Gross loans contractually delinquent			70,719,727	80,765,569
Loans not contractually delinquent and not in bankruptcy			0	0
Gross loans receivable			75,885,479	85,831,588
Unearned interest and fees			(16,848,762)	(19,140,361)
Net loans			59,036,717	66,691,227
Allowance for credit losses			(54,090,509)	(61,840,514)
Loans receivable, net			4,946,208	4,850,713
Loans collectively evaluated for impairment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans in bankruptcy, excluding contractually delinquent			0	0
Gross loans contractually delinquent			0	0
Loans not contractually delinquent and not in bankruptcy			1,133,985,887	1,286,936,992
Gross loans receivable			1,133,985,887	1,286,936,992
Unearned interest and fees			(292,131,962)	(346,893,706)
Net loans			841,853,925	940,043,286
Allowance for credit losses			(42,397,347)	(51,229,127)
Loans receivable, net			$ 799,456,578	$ 888,814,159

FINANCE RECEIVABLES AND ALLO_10

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Assessment of Credit Quality) (Details) - USD ($)	9 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Mar. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Impaired loans	$ 56,700,000
Gross loans receivable	$ 1,372,768,580	$ 1,264,530,315	$ 1,209,871,366
Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable		$ 1,264,530,315
Financing receivable, percent past due	12.60%	10.40%	12.80%
Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable		$ 1,264,530,315
Financing receivable, percent past due	10.90%	8.90%	10.50%
30 - 60 days past due | Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	$ 55,172,208	$ 48,969,245	$ 49,137,102
Financing receivable, percent past due		3.90%
30 - 60 days past due | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	54,090,162	$ 46,669,394	48,206,910
Financing receivable, percent past due		3.70%
61 - 90 days past due | Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	36,531,939	$ 29,487,124	35,020,925
Financing receivable, percent past due		2.30%
61 - 90 days past due | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	33,295,364	$ 26,776,302	28,450,942
Financing receivable, percent past due		2.10%
91 or more days past due | Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	80,765,569	$ 53,458,007	70,719,727
Financing receivable, percent past due		4.20%
91 or more days past due | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	62,565,314	$ 38,608,276	50,669,837
Financing receivable, percent past due		3.10%
Total Past Due | Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	172,469,716	$ 131,914,376	154,877,754
Total Past Due | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, past due	149,950,840	$ 112,053,972	127,327,689
New borrower
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	155,284,022		124,800,193
Former borrower
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	161,575,535		127,108,125
Refinance
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,031,380,059		935,448,882
Delinquent refinance
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	24,528,964		22,514,166
Performing Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,255,471,072		1,104,130,714
Nonperforming Financial Instruments
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	117,297,508		105,740,652
Consumer loans- non-bankrupt accounts
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,366,079,543		1,203,552,152
Consumer loans- bankrupt accounts
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 6,689,037		$ 6,319,214

LEASES (Details)

LEASES (Details)	Dec. 31, 2020
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	3 years
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	5 years

LEASES (Lease Cost) (Details)

LEASES (Lease Cost) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2020	May 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 6,939,330	$ 6,636,596	$ 21,027,265	$ 19,289,946
Short-term lease cost	0	1,800	1,800	1,800
Variable lease cost	882,559	835,637	2,659,932	2,450,322
Total lease cost	7,821,889	7,474,033	23,688,997	21,742,068
Cash paid for amounts included in the measurement of lease liabilities	6,845,544	6,515,141	20,694,712	18,818,335
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,116,215	$ 8,182,788	$ 9,748,709	$ 31,476,079
Weighted average remaining lease term — operating leases	7 years 3 months 18 days	8 years 6 months	7 years 3 months 18 days	8 years 6 months
Weighted-average discount rate — operating leases	6.30%	6.70%	6.30%	6.70%
Right-of-use asset	$ 93,144,480		$ 93,144,480		$ 101,686,918
Greenville, South Carolina
Lessee, Lease, Description [Line Items]
Operating lease, term of contract						10 years
Right-of-use asset						$ 15,600,000

LEASES (Maturities Of Operating

LEASES (Maturities Of Operating Lease ) (Details) - USD ($)	Dec. 31, 2020	Mar. 31, 2020
Leases [Abstract]
Fiscal 2021	$ 6,779,218
Fiscal 2022	24,901,962
Fiscal 2023	20,560,663
Fiscal 2024	16,573,622
Fiscal 2025	12,182,488
Fiscal 2026	8,500,529
Thereafter	30,535,307
Total undiscounted lease liability	120,033,789
Imputed interest	25,649,254
Total discounted lease liability	$ 94,384,535	$ 102,759,386

AVERAGE SHARE INFORMATION (Deta

AVERAGE SHARE INFORMATION (Details) - shares	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Basic:
Weighted average common shares outstanding (in shares)	6,233,961	7,220,938	6,593,135	7,842,689
Diluted:
Weighted average common shares outstanding (in shares)	6,233,961	7,220,938	6,593,135	7,842,689
Dilutive potential common shares stock options (in shares)	218,424	0	150,514	320,618
Weighted average diluted shares outstanding (in shares)	6,452,385	7,220,938	6,743,649	8,163,307
Anti-dilutive shares (in shares)	629,086	643,961	636,118	660,872

STOCK-BASED COMPENSATION (Narra

STOCK-BASED COMPENSATION (Narrative) (Details)	3 Months Ended		9 Months Ended
	Dec. 31, 2020USD ($)installment$ / sharesshares	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2020USD ($)installment$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) | shares	191,652		191,652
Weighted-average fair value at the grant date | $ / shares	$ 56.55	$ 60.43	$ 50.42	$ 64.49
Grant date fair value (in dollars per share) | $ / shares				$ 90.23
Compensation related to stock option and restricted stock plans, net of taxes and adjustments			$ 14,508,703	$ 22,933,287
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of authorized common stock reserved for issuance (in shares) | shares	3,350,000		3,350,000
Total unrecognized stock-based compensation expense related to non-vested stock options	$ 8,400,000		$ 8,400,000
Weighted average period for recognition			3 years 6 months
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 854,647	$ 1,168,033	$ 2,987,621	$ 4,394,143
Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option, expiration period			10 years
Vesting period			6 years
Employee Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Award | installment	6		6
Awards granted (in shares) | shares			39,675
Grant date fair value (in dollars per share) | $ / shares			$ 96.14
Restricted stock | shares				11,223
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 4,043,813	$ 5,162,777	$ 11,521,082	$ 18,539,144
Unvested restricted stock awards	$ 29,400,000		$ 29,400,000
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			10 years
Weighted average period for recognition			2 years 8 months 12 days
Service Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			10 years
Restricted Stock Award | installment	6		6

STOCK-BASED COMPENSATION (Share

STOCK-BASED COMPENSATION (Share and Options Performance Targets) (Details)	9 Months Ended
	Dec. 31, 2020$ / shares
Target 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Target	$ 16.35
Vesting Percentage (in hundredths)	40.00%
Target 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Target	$ 20.45
Vesting Percentage (in hundredths)	60.00%
Target 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Target	$ 25.30
Vesting Percentage (in hundredths)	100.00%

STOCK-BASED COMPENSATION (Grant

STOCK-BASED COMPENSATION (Grants Date Using The Weighted-Average Assumptions) (Details)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Expected Volatility	57.09%	52.87%	56.48%	52.09%
Average risk-free rate	0.43%	1.64%	0.38%	1.66%
Expected Life	6 years	6 years	6 years 2 months 12 days	6 years 2 months 12 days

STOCK-BASED COMPENSATION (Stock

STOCK-BASED COMPENSATION (Stock Option Activity and Intrinsic Value) (Details) - Stock Options Plans - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)			646,728
Granted (in shares)			26,402
Exercised (in shares)			(33,776)
Forfeited (in shares)			(15,640)
Expired (in shares)			(300)
Options outstanding, end of period (in shares)	623,414		623,414
Options exercisable, end of period (in shares)	342,736		342,736
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)			$ 88.30
Granted (in dollars per share)			95.59
Exercised (in dollars per share)			66.79
Forfeited (in dollars per share)			103.66
Expired (in dollars per share)			76.51
Options outstanding, end of period (in dollars per share)	$ 89.43		89.43
Options exercisable, end of period (in dollars per share)	$ 79.29		$ 79.29
Stock Option Activity Additional Disclosures [Abstract]
Weighted-average remaining contractual term, options outstanding, end of period			6 years
Aggregate intrinsic value, options outstanding, end of period	$ 8,627,259		$ 8,627,259
Weighted-average remaining contractual terms, options exercisable, end of period			4 years 2 months 12 days
Aggregate intrinsic value, options exercisable, end of period	7,992,605		$ 7,992,605
Intrinsic value of options exercised	$ 718,343	$ 728,193	$ 1,215,063	$ 5,078,750

STOCK-BASED COMPENSATION (Compa

STOCK-BASED COMPENSATION (Company Restricted Stock and Total Stock-Based Compensation) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Grant date fair value (in dollars per share)				$ 90.23
Compensation related to stock option and restricted stock plans, net of taxes and adjustments			$ 14,508,703	$ 22,933,287
Stock Options Plans
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 854,647	$ 1,168,033	$ 2,987,621	4,394,143
Restricted Stock
Summary of the status and changes in restricted stock [Roll Forward]
Outstanding at Beginning of Year (in shares)			705,254
Awards granted (in shares)			39,675
Vested during the period, net of cancellations (in shares)			(83,250)
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited			(60,000)
Outstanding at End of Period (in shares)	601,679		601,679
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at beginning period (in dollars per share)			$ 101.47
Grant date fair value (in dollars per share)			96.14
Vested during the period, net of cancellations (in dollars per share)			101.17
Cancelled during the period (in dollars per share)			100.79
Outstanding at ending period (in dollars per share)	$ 101.23		$ 101.23
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 4,043,813	5,162,777	$ 11,521,082	18,539,144
Equity Securities
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 4,898,460	$ 6,330,810	$ 14,508,703	$ 22,933,287

ACQUISITIONS (Details)

ACQUISITIONS (Details)	9 Months Ended
	Dec. 31, 2020USD ($)acquisition	Dec. 31, 2019USD ($)acquisition
Business Acquisition [Line Items]
Number of branches acquired through business combinations | acquisition	0	37
Number of loan portfolios acquired through asset purchases | acquisition	48	134
Total acquisitions | acquisition	48	171
Loans receivable, net	$ 14,364,042	$ 43,036,296
Property and equipment	0	69,000
Total tangible assets	14,364,042	43,105,296
Excess of purchase prices over carrying value of net tangible assets	4,483,181	13,294,762
Customer lists	4,300,681	12,233,806
Non-compete agreements	182,500	855,000
Goodwill	$ 0	205,956
Average loan period	8 months
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Purchase price	$ 18,847,223	$ 56,400,058

DEBT (Details)

DEBT (Details)	3 Months Ended	9 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2020
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	$ 300,000	$ 300,000
Extension period		1 year
Interest rate, percentage	4.50%	4.50%
Commitment fee percentage		0.50%
Unused borrowing capacity, fee		$ 1,100,000	$ 900,000
Interest rate, effective percentage	5.80%	5.80%		5.80%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 685,000,000	$ 685,000,000
Amount outstanding	539,600,000	539,600,000
Unused amount available	124,000,000	124,000,000
Additional borrowing capacity	$ 21,100,000	21,100,000
Debt covenants minimum net worth		$ 325,000,000
Fixed conversion ratio	2.75
Debt covenant, maximum ratio of total debt		2
Debt covenant, maximum collateral performance indicator percentage		24.00%
Expiration period		30 days
Minimum
Line of Credit Facility [Line Items]
Interest rate, percentage	3.50%	3.50%
Maximum
Line of Credit Facility [Line Items]
Interest rate, percentage	4.50%	4.50%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Total gross unrecognized tax benefits including interest	$ 3,600,000		$ 3,600,000	$ 5,800,000
Unrecognized tax benefits	3,000,000		3,000,000	$ 5,200,000
Gross unrecognized tax benefits, limitations and settlement with taxing authorities	1,400,000		1,400,000
Accrued gross interest	$ 1,200,000		1,200,000
Gross interest expense			$ (274,500)
Effective income tax rate reconciliation, percent	14.30%	(6.00%)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount	$ 8,000,000