World Acceptance (WRLD) 10-K 2 Jun 21 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Mar. 31, 2021	May 20, 2021	Sep. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	000-19599
Entity Registrant Name	WORLD ACCEPTANCE CORPORATION
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	57-0425114
Entity Address, Address Line One	104 S. Main St.
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Public Float			$ 487,405,940
Entity Common Stock, Shares Outstanding		6,775,239
Documents Incorporated by Reference	Portions of the Registrant's definitive Proxy Statement pertaining to the 2021 Annual Meeting of Shareholders ("the Proxy Statement") to be filed pursuant to Regulation 14A are incorporated herein by reference into Part III hereof.
Entity Central Index Key	0000108385
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Current Fiscal Year End Date	--03-31
ICFR Auditor Attestation Flag	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2021	Mar. 31, 2020
ASSETS
Cash and cash equivalents	$ 15,746,454	$ 11,618,922
Gross loans receivable	1,104,746,261	1,209,871,366
Less:
Unearned interest, insurance and fees	(279,364,584)	(308,980,724)
Allowance for credit losses	(91,722,288)	(96,487,856)
Loans receivable, net	733,659,389	804,402,786
Right-of-use asset	90,055,572	101,686,918
Property and equipment, net	26,340,037	24,761,108
Deferred income taxes, net	24,992,742	23,257,985
Other assets, net	31,423,134	28,547,950
Goodwill	7,370,791	7,370,791
Intangible assets, net	23,537,517	24,448,477
Assets held for sale (Note 17)	1,143,528	3,991,498
Total assets	954,269,164	1,030,086,435
Liabilities:
Senior notes payable	405,007,500	451,100,000
Income taxes payable	11,575,861	4,965,302
Lease liability	91,718,075	102,759,386
Accounts payable and accrued expenses	41,040,287	59,298,680
Total liabilities	549,341,723	618,123,368
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par value Authorized 5,000,000, no shares issued or outstanding	0	0
Common stock, no par value Authorized 95,000,000 shares; issued and outstanding 6,805,294 and 7,807,834 shares at March 31, 2021 and March 31, 2020, respectively	0	0
Additional paid-in capital	255,590,674	227,214,577
Retained earnings	149,336,767	184,748,490
Total shareholders' equity	404,927,441	411,963,067
Total liabilities and shareholders' equity	$ 954,269,164	$ 1,030,086,435

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2021	Mar. 31, 2020
Statement of Financial Position [Abstract]
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)	6,805,294	7,807,834
Common stock, shares outstanding (in shares)	6,805,294	7,807,834

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Interest and fee income	$ 451,113,502	$ 508,326,771	$ 469,154,277
Insurance income, net and other income	74,419,765	81,702,244	75,388,648
Total revenues	525,533,267	590,029,015	544,542,925
Expenses:
Provision for credit losses	86,244,714	181,730,182	148,426,578
General and administrative expenses:
Personnel	184,620,515	203,774,574	180,561,501
Occupancy and equipment	56,160,268	54,237,835	48,751,691
Advertising	17,190,676	24,304,023	22,482,553
Amortization of intangible assets	5,474,240	5,010,626	1,527,656
Other	38,740,591	60,166,202	34,980,314
Total general and administrative expenses	302,186,290	347,493,260	288,303,715
Interest expense	25,698,836	25,896,130	17,934,060
Total expenses	414,129,840	555,119,572	454,664,353
Income from continuing operations before income taxes	111,403,427	34,909,443	89,878,572
Income taxes	23,120,599	6,751,965	15,981,057
Income from continuing operations	88,282,828	28,157,478	73,897,515
Income from discontinued operations before disposal of discontinued operations and income taxes	0	0	2,341,825
Loss on disposal of discontinued operations	0	0	(38,377,623)
Income taxes (benefit)	0	0	626,583
Income (loss) from discontinued operations	0	0	(36,662,381)
Net income	$ 88,282,828	$ 28,157,478	$ 37,235,134
Net income per common share from continuing operations:
Basic (in dollars per share)	$ 13.59	$ 3.66	$ 8.22
Diluted (in dollars per share)	13.23	3.54	8.03
Net income (loss) per common share from discontinued operations:
Basic (in dollars per share)	0	0	(4.08)
Diluted (in dollars per share)	0	0	(3.98)
Net income per common share:
Basic (in dollars per share)	13.59	3.66	4.14
Diluted (in dollars per share)	$ 13.23	$ 3.54	$ 4.05
Weighted average common shares outstanding:
Basic (in shares)	6,493,898	7,688,242	8,994,036
Diluted (in shares)	6,672,110	7,952,900	9,204,377

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 88,282,828	$ 28,157,478	$ 37,235,134
Foreign currency translation adjustments	0	0	(5,235,838)
Reclassification of cumulative foreign currency translation adjustments due to sale of Mexico business	0	0	31,290,918
Comprehensive income	$ 88,282,828	$ 28,157,478	$ 63,290,214

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Total	Impact of ASC 326 adoption	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss, net
Beginning balance at Mar. 31, 2018	$ 541,107,852			$ 175,887,227	$ 391,275,705	$ (26,055,080)
Beginning balance (shares) at Mar. 31, 2018			9,119,443
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			92,428
Proceeds from exercise of stock options	5,997,948			5,997,948
Common stock repurchases (in shares)			(665,020)
Common stock repurchases	(74,519,863)				(74,519,863)
Restricted common stock expense under stock option plan, net of cancellations (in shares)			737,267
Restricted common stock expense under stock option plan, net of cancellations	12,248,507			12,248,507
Stock option expense	3,991,967			3,991,967
Other comprehensive loss	(5,235,838)					(5,235,838)
Reclassification of cumulative foreign currency translation adjustments due to sale of Mexico business	31,290,918					31,290,918
Net income	37,235,134				37,235,134
Ending balance (shares) at Mar. 31, 2019			9,284,118
Ending balance at Mar. 31, 2019	552,116,625			198,125,649	353,990,976	0
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			69,481
Proceeds from exercise of stock options	4,612,926			4,612,926
Common stock repurchases (in shares)			(1,520,679)
Common stock repurchases	(197,399,964)				(197,399,964)
Restricted common stock expense under stock option plan, net of cancellations (in shares)			(25,086)
Restricted common stock expense under stock option plan, net of cancellations	18,953,119			18,953,119
Stock option expense	5,522,883			5,522,883
Reclassification of cumulative foreign currency translation adjustments due to sale of Mexico business	0
Net income	$ 28,157,478				28,157,478
Ending balance (shares) at Mar. 31, 2020	7,807,834		7,807,834
Ending balance at Mar. 31, 2020	$ 411,963,067	$ (21,242,249)		227,214,577	184,748,490	0
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			165,237
Proceeds from exercise of stock options	12,268,554			12,268,554
Common stock repurchases (in shares)			(1,129,875)
Common stock repurchases	(102,452,302)				(102,452,302)
Restricted common stock expense under stock option plan, net of cancellations (in shares)			(37,902)
Restricted common stock expense under stock option plan, net of cancellations	12,302,869			12,302,869
Stock option expense	3,804,674			3,804,674
Reclassification of cumulative foreign currency translation adjustments due to sale of Mexico business	0
Net income	$ 88,282,828				88,282,828
Ending balance (shares) at Mar. 31, 2021	6,805,294		6,805,294
Ending balance at Mar. 31, 2021	$ 404,927,441			$ 255,590,674	$ 149,336,767	$ 0

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201605Member
Issuance of restricted common stock under stock option plan (in shares)		$ 3,173,735	$ 4,476,159	$ 1,394,835

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)
Cash flow from operating activities:
Net income	$ 88,282,828	$ 28,157,478	$ 37,235,134
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on sale of discontinued operations	0	0	38,377,623
Loss on assets held for sale	37,579	251,263	0
Amortization of intangible assets	5,474,240	5,010,626	1,527,656
Amortization of historic tax credits	1,736,384	868,192	0
Amortization of debt issuance costs	659,292	517,499	592,549
Provision for credit losses	86,244,714	181,730,182	148,426,578
Depreciation	6,945,581	7,147,966	6,608,348
Loss on sale of property and equipment	2,812,404	339,259	93,199
Deferred income tax expense (benefit)	5,651,362	572,914	(3,655,751)
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	19,281,278	28,952,161	17,635,309
Gain on sale of finance receivables	(24,667)	0	0
Gain on company-owned life insurance	1,064,897	0	0
Change in accounts:
Other assets, net	(4,828,957)	(9,470,838)	(5,507,068)
Income taxes payable and receivable	6,610,559	(6,584,895)	(2,547,222)
Accounts payable and accrued expenses	(18,258,393)	19,917,429	5,877,916
Net cash provided by operating activities	199,559,307	257,409,236	244,664,271
Cash flows from investing activities:
Increase in loans receivable, net	(29,343,372)	(183,482,267)	(190,976,279)
Net assets acquired from business combinations and asset acquisitions, primarily loans	(15,210,973)	(47,100,694)	(33,922,279)
Increase in intangible assets from acquisitions	(4,563,280)	(14,455,278)	(10,223,508)
Purchases of property and equipment	(11,683,857)	(11,277,780)	(9,805,084)
Proceeds from sale of property and equipment	346,943	284,869	466,806
Proceeds from the sale of assets held for sale	2,810,391	0	0
Proceeds from the sale of finance receivables	449,327	0	0
Proceeds from sale of discontinued operations	0	0	37,494,505
Proceeds from company-owned life insurance	1,997,279	0	0
Net cash used in investing activities	(55,197,542)	(256,031,150)	(206,965,839)
Cash flow from financing activities:
Borrowings from senior notes payable	310,984,250	540,691,400	364,290,000
Payments on senior notes payable	(357,076,750)	(341,531,400)	(357,250,000)
Debt issuance costs associated with senior notes payable	(784,250)	(991,400)	(240,000)
Proceeds from exercise of stock options	12,268,554	4,612,926	5,997,948
Payments for taxes related to net share settlement of equity awards	(3,173,735)	(4,476,159)	(1,394,835)
Repurchase of common stock	(102,452,302)	(197,399,964)	(74,519,863)
Excess tax expense from exercise of stock options	0	0	0
Net cash provided by (used in) financing activities	(140,234,233)	905,403	(63,116,750)
Effects of foreign currency fluctuations on cash and cash equivalents	0	0	2,667,447
Net change in cash and cash equivalents	4,127,532	2,283,489	(22,750,871)
Cash and cash equivalents at beginning of year from continuing operations	11,618,922	9,335,433	12,473,833
Cash and cash equivalents at beginning of year from discontinued operations	0	0	19,612,471
Cash and cash equivalents at end of year	15,746,454	11,618,922	9,335,433
Cash and cash equivalents at end of year from continuing operations	15,746,454	11,618,922	9,335,433
Cash and cash equivalents at end of year from discontinued operations		0	0
Supplemental Disclosures:
Interest paid during the year	24,993,898	23,942,122	16,835,789
Income taxes paid during the year	$ 14,857,555	$ 15,711,692	$ 23,259,590

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The Company's accounting and reporting policies are in accordance with GAAP and conform to general practices within the finance company industry. The following is a description of the more significant of these policies used in preparing the Consolidated Financial Statements. Nature of Operations The Company is a small-dollar consumer finance (installment loan) 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. It also offers income tax return preparation services to its customer base and to others. As of March 31, 2021, the Company operated 1,205 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin. Branches in the aforementioned states operate under one of the following names: Amicable Finance, Colonial Finance, Freeman Finance, General Credit, Midwestern Loans, World Acceptance, or World Finance. On August 3, 2018 the Company and its affiliates completed the sale of the Company's Mexico operating segment in its entirety, effective as of July 1, 2018. Thus, the Company operated no branches in Mexico as of March 31, 2021 or 2020. During the first quarter of fiscal 2019, branches in Mexico operated under the name Préstamos Avance or Pr é stamos Viva. The Company is subject to numerous lending regulations that vary by jurisdiction. Principles of Consolidation The Consolidated Financial Statements include the accounts of World Acceptance Corporation and its wholly-owned subsidiaries (the “Company”). Subsidiaries consist of operating entities in various states, ParaData Financial Systems (a software company acquired during fiscal 1994), and WAC Insurance Company, Ltd. (a captive reinsurance company established in fiscal 1994). All significant inter-company balances and transactions have been eliminated in consolidation. The financial statements of the Company’s former foreign subsidiaries in Mexico were prepared using the local currency as the functional currency. Assets and liabilities of these subsidiaries were translated into U.S. dollars at the then-current exchange rate while income and expense are translated at an average exchange rate for the applicable period. The resulting translation gains and losses were recognized as a component of equity in “Accumulated Other Comprehensive Loss, net.” Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The most significant item subject to such estimates and assumptions that could materially change in the near term is the allowance for credit losses. Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity. Business Segments The Company reports operating segments in accordance with FASB ASC Topic 280. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. FASB ASC Topic 280 requires that a public enterprise report a measure of segment profit or loss, certain specific revenue and expense items, segment assets, information about the way that the operating segments were determined and other items. The Company has one reportable segment. The other revenue generating activities of the Company, including the sale of insurance products, income tax preparation, and the automobile club, are done within the existing branch network in conjunction with or as a complement to the lending operations. There is no discrete financial information available for these activities, and they do not meet the criteria under FASB ASC Topic 280 to be considered operating segments. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less from the date of original issuance to be cash equivalents. As of March 31, 2021 and 2020 the Company had $7.0 million and $5.4 million, respectively, in restricted cash associated with its captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company. Loans and Interest and Fee Income The Company is licensed to originate consumer loans in the states of Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Utah, and Wisconsin. During fiscal 2021, 2020, and 2019 the Company originated loans generally ranging up to $3,500, with terms of 48 months or fewer. Experience indicates that a majority of the consumer loans are refinanced, and the Company accounts for the majority of the refinancings as new loans. Generally a customer must make multiple payments in order to qualify for refinancing. Furthermore, the Company's lending policy has predetermined lending amounts so that in most cases a refinancing will result in advancing additional funds. The Company believes that the advancement of additional funds constitutes more than a minor modification to the terms of the existing loan if the present value of the cash flows under the terms of the new loan will be 10% or more of the present value of the remaining cash flows under the terms of the original loan. The following table sets forth information about our loan products for fiscal 2021: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 250 $ 2,450 4 30 Large loans 2,500 21,400 12 48 Tax advance loans 100 5,000 8 8 Gross loans receivable at March 31, 2021 and 2020 consisted of the following: 2021 2020 Small loans $ 620,959,979 $ 761,364,753 Large loans 475,470,271 442,683,915 Tax advance loans 8,316,011 5,822,698 Total gross loans $ 1,104,746,261 $ 1,209,871,366 Fees received and direct costs incurred for the origination of loans are deferred and amortized to interest income over the contractual lives of the loans using the interest method. Unamortized amounts are recognized in income at the time that loans are refinanced or paid in full except for those refinancings that do not constitute a more than minor modification. Loans are carried at the gross amount outstanding, reduced by unearned interest and insurance income, net of deferred origination fees and direct costs and an allowance for credit losses. The Company recognizes interest and fee income using the interest method. Charges for late payments are credited to income when collected. With the exception of tax advance loans, which are interest free, the Company offers its loans at the prevailing statutory rates for terms not to exceed 48 months. Management believes that the carrying value approximates the fair value of its loan portfolio. Nonaccrual Policy 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. Allowance for Credit Losses Refer to Note 2, “Allowance for Credit Losses and Credit Quality Indicators,” in this Annual Report on Form 10-K for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes. Impaired Loans The Company defines impaired loans as bankrupt accounts and accounts 91 days or more past due on a recency basis. In accordance with the Company’s charge-off policy, once a loan is deemed uncollectible, 100% of the net investment is charged off, except in the case of a borrower who has filed for bankruptcy. As of March 31, 2021, bankrupt accounts that had not been charged off were approximately $3.2 million. Bankrupt accounts 91 days or more past due on a recency basis are reserved at 100% of the gross loan balance. The Company also considers any accounts 91 days or more past due on a recency basis to be impaired, and such accounts are reserved at 100% of the gross loan balance. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is recorded using the straight-line method over the estimated useful life of the related asset as follows: buildings, 25 to 40 years; furniture and fixtures, 5 to 10 years; equipment, 3 to 7 years; and vehicles, 3 years. Amortization of leasehold improvements is recorded using the straight-line method over the lesser of the estimated useful life of the asset or the term of the lease. Additions to premises and equipment and major replacements or improvements are added at cost. Maintenance, repairs, and minor replacements are charged to operating expense as incurred. When assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the consolidated statement of operations. Operating Leases The Company’s branch leases typically have a lease term of three Other Assets Other assets include cash surrender value of life insurance policies, prepaid expenses, debt issuance costs, and other deposits. Intangible Assets and Goodwill Intangible assets include the cost of acquiring existing customers ("customer lists"), and the fair value assigned to non-compete agreements. Customer lists are amortized on a straight line or accelerated basis over their estimated period of benefit, ranging from 8 to 23 years with a weighted average of approximately 9.5 years. Non-compete agreements are amortized on a straight line basis over the term of the agreement, ranging from 3 to 5.3 years with a weighted average of approximately 5.0 years. 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. Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates the fair value. The fair value of the customer lists is based on a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. In a business combination, the remaining excess of the purchase price over the fair value of the tangible assets, customer list, and non-compete agreements is allocated to goodwill. The branches the Company acquires are small, privately-owned branches, which do not have sufficient historical data to determine customer attrition. The Company believes that the customers acquired have the same characteristics and perform similarly to its customers. Therefore, the Company utilized the attrition patterns of its customers when developing the estimate of attrition for acquired customers. This estimation method is re-evaluated periodically. The Company evaluates goodwill annually for impairment in the fourth quarter of the fiscal year using the market value-based approach. The Company has one reporting unit, and the Company has multiple components, the lowest level of which is individual branches. The Company’s components are aggregated for impairment testing because they have similar economic characteristics. Impairment of Long-Lived Assets The Company assesses impairment of long-lived assets, including property and equipment and intangible assets, whenever changes or events indicate that the carrying amount may not be recoverable. The Company assesses impairment of these assets generally at the branch level based on the operating cash flows of the branch and the Company’s plans for branch closings. The Company will write down such assets to fair value if, based on an analysis, the sum of the expected future undiscounted cash flows is less than the carrying amount of the assets. The Company did not record any impairment charges for the fiscal year ended 2021, 2020, or 2019. Fair Value of Financial Instruments FASB ASC Topic 825 requires disclosures about the fair value of all financial instruments, regardless of whether the financial instrument is recognized on the balance sheet, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. The Company’s financial instruments for the periods reported consist of the following: cash and cash equivalents, loans receivable and senior notes payable. Fair value approximates carrying value for all of these instruments. Loans receivable are originated at prevailing market rates and have an average life of approximately 8 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. Insurance Premiums and Commissions Insurance premiums for credit life, accident and health, property and unemployment insurance written in connection with certain loans, net of refunds and applicable advance insurance commissions retained by the Company, are remitted monthly to an insurance company. All commissions are credited to unearned insurance commissions and recognized as income over the life of the related insurance contracts. The Company recognizes insurance income using the Rule of 78s method for credit life (decreasing term), credit accident and health, unemployment insurance and the Pro Rata method for credit life (level term) and credit property. Non-filing Insurance Non-filing insurance premiums are charged on certain loans in lieu of recording and perfecting the Company's security interest in the assets pledged. The premiums and recoveries are remitted to a third party insurance company and are not reflected in the accompanying Consolidated Financial Statements (see Note 8). Claims paid by the third party insurance company result in a reduction to loan losses. Certain losses related to such loans, which are not recoverable through life, accident and health, property, or unemployment insurance claims are reimbursed through non-filing insurance claims subject to policy limitations. Any remaining losses are charged to the allowance for credit losses. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment related to additional facts and circumstances occurs. Earnings Per Share Earnings per share (“EPS”) is computed in accordance with FASB ASC Topic 260. Basic EPS includes no dilution and is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of securities that could share in the earnings of the Company. Potential common stock included in the diluted EPS computation consists of stock options and restricted stock, which are computed using the treasury stock method. See Note 11 for the reconciliation of the numerators and denominators for basic and dilutive EPS calculations. Stock-Based Compensation FASB ASC Topic 718-10 requires companies to recognize in the income statement the grant-date fair value of stock options and other equity-based compensation issued to employees. FASB ASC Topic 718-10 does not change the accounting guidance for share-based payment transactions with parties other than employees provided in FASB ASC Topic 718-10. Under FASB ASC Topic 718-10, the way an award is classified will affect the measurement of compensation cost. Liability-classified awards are remeasured to fair value at each balance-sheet date until the award is settled. Equity-classified awards are measured at grant-date fair value, amortized over the subsequent vesting period, and are not subsequently remeasured. The fair value of non-vested stock awards for the purposes of recognizing stock-based compensation expense is the market price of the stock on the grant date. The fair value of options is estimated on the grant date using the Black-Scholes option pricing model (see Note 12). At March 31, 2021, the Company had several share-based employee compensation plans, which are described more fully in Note 12. Share Repurchases On March 12, 2020, the Board of Directors authorized the Company to repurchase up to $30.0 million of the Company’s outstanding common stock, inclusive of the amount that remains available for repurchase under prior repurchase authorizations. As of March 31, 2021, the Company had $21.4 million in aggregate remaining repurchase capacity. The timing and actual number of shares of common stock repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, restrictions under the revolving credit facility and other market and economic conditions. The Company continues to believe stock repurchases are a viable component of the Company’s long-term financial strategy and an excellent use of excess cash when the opportunity arises. However, our revolving credit agreement limits share repurchases to 50% of consolidated adjusted net income in any fiscal year commencing with the fiscal year ending March 31, 2017 without prior written consent of the lenders. As of March 31, 2021 our debt outstanding was $405.0 million and our shareholders' equity was $404.9 million resulting in a debt-to-equity ratio of 1.0:1.0. Comprehensive Income Total comprehensive income consists of net income and other comprehensive income (loss). The Company’s other comprehensive income (loss) and accumulated other comprehensive income (loss) are composed of foreign currency translation adjustments. Concentration of Risk The Company generally serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. During the year ended March 31, 2021, the Company operated in sixteen states in the United States. For the years ended March 31, 2021, 2020, and 2019, total revenue within the Company's four largest states (Texas, Georgia, Tennessee, and South Carolina) accounted for approximately 53%, 56% and 57%, respectively, of the Company's total revenues. The Company maintains amounts in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced losses in such accounts, which are maintained with large domestic banks. Management believes the Company’s exposure to credit risk is minimal for these accounts. Advertising Costs Advertising costs are expensed when incurred. Advertising costs were approximately $17.2 million, $24.3 million, and $22.5 million for fiscal years 2021, 2020, and 2019, respectively. Recently Adopted Accounting Standards Measurement of Credit Losses on Financial Instruments ASU 2016-13 (and all subsequent ASUs on this topic) introduce the CECL model, a new credit loss methodology, replacing multiple existing impairment methods in current GAAP, which generally require that a loss be incurred before it is recognized. The amendments in this ASU require loss estimates be determined over the lifetime of the asset and broaden the information that an entity must consider in developing its expected credit losses. The ASU does not specify a method for measuring expected credit losses and allows an entity to apply methods that reasonably reflect its expectations of the credit loss estimate based on the entity’s size, complexity, and risk profile. In addition, the disclosures of credit quality indicators in relation to the amortized cost of financing receivables, a current disclosure requirement, are further disaggregated by year of origination. 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 We reviewed all newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the consolidated financial statements as a result of future adoption.

Allowance for Credit Losses and

Allowance for Credit Losses and Credit Quality Information	12 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Allowance for Credit Losses and Credit Quality Information	Allowance for Credit Losses and Credit Quality Information The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure March 31, 2021 0 to 5 months $ 92,378,097 6 to 17 months 106,742,121 18 to 35 months 169,361,910 36 to 59 months 130,655,627 60+ months 597,292,495 Tax advance loans 8,316,011 Total gross loans $ 1,104,746,261 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 March 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 970,526,682 $ 45,769,052 $ 2,102,732 $ 154,890 $ 14,444 $ 831 $ 1,018,568,631 30 - 60 days past due 21,862,634 2,011,261 153,417 21,426 3,500 2,069 24,054,307 61 - 90 days past due 18,039,010 1,208,936 88,119 11,800 571 — 19,348,436 91 or more days past due 31,126,328 3,120,210 183,434 14,028 14,708 168 34,458,876 Total $ 1,041,554,654 $ 52,109,459 $ 2,527,702 $ 202,144 $ 33,223 $ 3,068 $ 1,096,430,250 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Current $ 7,583,075 $ 9,360 $ — $ — $ — $ — $ 7,592,435 30 - 60 days past due 686,667 1,423 — — — — 688,090 61 - 90 days past due — — 321 — — — 321 91 or more days past due — 34,509 656 — — — 35,165 Total $ 8,269,742 $ 45,292 $ 977 $ — $ — $ — $ 8,316,011 Total gross loans $ 1,104,746,261 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 March 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 948,353,853 $ 39,661,944 $ 1,522,148 $ 83,073 $ 1,790 $ 831 $ 989,623,639 30 - 60 days past due 29,300,148 1,872,816 72,187 1,322 — — 31,246,473 61 - 90 days past due 23,075,264 1,363,196 75,343 567 — — 24,514,370 91 or more days past due 40,825,388 9,211,503 858,024 117,183 31,433 2,237 51,045,768 Total $ 1,041,554,653 $ 52,109,459 $ 2,527,702 $ 202,145 $ 33,223 $ 3,068 $ 1,096,430,250 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 7,583,075 $ — $ — $ — $ — $ — $ 7,583,075 30 - 60 days past due 686,667 — — — — — 686,667 61 - 90 days past due — — — — — — — 91 or more days past due — 45,292 977 — — — 46,269 Total $ 8,269,742 $ 45,292 $ 977 $ — $ — $ — $ 8,316,011 Total gross loans $ 1,104,746,261 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 is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2021: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 72,702,970 $ 4,799,102 $ 5,680,380 $ 9,195,642 $ 19,675,124 $ 92,378,094 6 to 17 months 94,466,209 3,187,347 2,798,411 6,290,155 12,275,913 106,742,122 18 to 35 months 158,217,605 3,570,696 2,592,402 4,981,208 11,144,306 169,361,911 36 to 59 months 123,542,346 2,432,489 1,753,291 2,927,501 7,113,281 130,655,627 60+ months 569,639,500 10,064,674 6,523,952 11,064,370 27,652,996 597,292,496 Tax advance loans 7,592,435 688,090 321 35,165 723,576 8,316,011 Total gross loans 1,026,161,065 24,742,398 19,348,757 34,494,041 78,585,196 1,104,746,261 Unearned interest, insurance and fees (259,492,219) (6,256,776) (4,892,850) (8,722,739) (19,872,365) (279,364,584) Total net loans $ 766,668,846 $ 18,485,622 $ 14,455,907 $ 25,771,302 $ 58,712,831 $ 825,381,677 Percentage of period-end gross loans receivable 2.2% 1.8% 3.1% 7.1% 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 March 31, 2021: Days Past Due - Contractual Basis Loans Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 70,532,439 $ 5,245,878 $ 6,019,264 $ 10,580,514 $ 21,845,656 $ 92,378,095 6 to 17 months 90,679,304 3,936,937 3,267,446 8,858,434 16,062,817 106,742,121 18 to 35 months 153,922,334 4,471,202 3,488,629 7,479,745 15,439,576 169,361,910 36 to 59 months 120,168,698 3,229,253 2,337,625 4,920,052 10,486,930 130,655,628 60+ months 554,320,865 14,363,203 9,401,406 19,207,022 42,971,631 597,292,496 Tax advance loans 7,583,075 686,667 — 46,269 732,936 8,316,011 Total gross loans $ 997,206,715 $ 31,933,140 $ 24,514,370 $ 51,092,036 $ 107,539,546 $ 1,104,746,261 Unearned interest, insurance and fees $ (252,170,339) $ (8,075,147) $ (6,199,113) $ (12,919,985) $ (27,194,245) $ (279,364,584) Total net loans $ 745,036,376 $ 23,857,993 $ 18,315,257 $ 38,172,051 $ 80,345,301 $ 825,381,677 Percentage of period-end gross loans receivable 2.9% 2.2% 4.6% 9.7% 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 March 31, 2021, the Company reversed a total of $6.2 million of unpaid accrued interest against interest income. During the twelve months ended March 31, 2021, the Company reversed a total of $22.4 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 March 31, 2021 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 March 31, 2021 Interest Income 0 to 5 months $ 17,191,922 $ 26,040,593 $ — $ — $ 1,705,371 6 to 17 months 13,211,641 17,466,450 — — 2,433,144 18 to 35 months 12,088,377 13,723,295 — — 2,195,160 36 to 59 months 8,161,951 10,071,288 — — 1,609,059 60+ months 31,925,232 44,293,545 — — 6,747,722 Tax advance loans 46,269 41,573 — — — Unearned interest, insurance and fees (20,894,036) (28,510,140) Total $ 61,731,356 $ 83,126,604 $ — $ — $ 14,690,456 The following is a summary of the changes in the allowance for credit losses for the years ended March 31, 2021, 2020, and 2019: 2021 2020 2019 Balance at beginning of period $ 96,487,856 81,519,624 66,088,139 Impact of ASC 326 adoption 28,628,368 — — Provision for loan losses 86,244,714 181,730,182 148,426,578 Loan losses (141,270,125) (183,439,199) (148,308,199) Recoveries 21,631,475 16,677,249 15,313,106 Balance at end of period $ 91,722,288 96,487,856 81,519,624 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. 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 loan losses (54,090,509) (42,397,347) (96,487,856) Loans, net of allowance for loan losses $ 4,946,208 799,456,578 804,402,786 The average net balance of impaired loans was $57.2 million, and $47.0 million, respectively, for the years ended March 31, 2020, and 2019. It is not practicable to compute the amount of interest earned on impaired loans, nor is it practicable to compute the interest income recognized using the cash-basis method during the period such loans were impaired. The following is an assessment of the credit quality for March 31, 2020: Credit risk Consumer loans- non-bankrupt accounts $ 1,203,552,152 Consumer loans- bankrupt accounts 6,319,214 Total gross loans 1,209,871,366 Consumer credit exposure Credit risk profile based on payment activity, performing 1,104,130,714 Contractual non-performing, 61 days or more delinquent (1) 105,740,652 Total gross loans 1,209,871,366 Credit risk profile based on customer type New borrower 124,800,193 Former borrower 127,108,125 Refinance 935,448,882 Delinquent refinance 22,514,166 Total gross loans $ 1,209,871,366 _______________________________________________________ (1) Loans in non-accrual status The following is a summary of the past due receivables as of: March 31, Contractual basis: 30-60 days past due $ 49,137,102 61-90 days past due 35,020,925 91 days or more past due 70,719,727 Total $ 154,877,754 Percentage of period-end gross loans receivable 12.8 % Recency basis: 30-60 days past due $ 48,206,910 61-90 days past due 28,450,942 91 days or more past due 50,669,837 Total $ 127,327,689 Percentage of period-end gross loans receivable 10.5 %

Property and Equipment

Property and Equipment	12 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consist of: March 31, 2021 March 31, 2020 Land $ 100,443 100,443 Building and leasehold improvements 17,882,214 17,048,098 Furniture and equipment 54,735,353 51,376,746 72,718,010 68,525,287 Less accumulated depreciation and amortization (46,377,973) (43,764,179) Total $ 26,340,037 24,761,108 Depreciation expense was approximately $6.9 million, $7.1 million, and $6.6 million for the years ended March 31, 2021, 2020, and 2019, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Mar. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets: March 31, 2021 March 31, 2020 Gross Carrying Accumulated Net Intangible Asset Gross Carrying Accumulated Net Intangible Asset Cost of customer lists $ 54,777,749 (32,322,607) 22,455,142 $ 50,411,969 (27,215,464) 23,196,505 Value assigned to non-compete agreements 10,252,143 (9,169,768) 1,082,375 10,054,643 (8,802,671) 1,251,972 Total $ 65,029,892 (41,492,375) 23,537,517 $ 60,466,612 (36,018,135) 24,448,477 The estimated amortization expense for intangible assets for future years ended March 31 is as follows: $4.8 million for 2022; $4.2 million for 2023; $4.0 million for 2024; $3.7 million for 2025; $3.1 million for 2026; and an aggregate of $3.8 million for the years thereafter.

Goodwill

Goodwill	12 Months Ended
	Mar. 31, 2021
Goodwill [Abstract]
Goodwill	Goodwill The following summarizes the changes in the carrying amount of goodwill for the years ended March 31, 2021 and 2020: 2021 2020 Balance at beginning of year: Goodwill $ 7,450,422 7,114,094 Accumulated goodwill impairment losses (79,631) (79,631) Goodwill, net $ 7,370,791 7,034,463 Goodwill acquired during the year $ — 336,328 Impairment losses — — Balance at end of year: Goodwill $ 7,450,422 7,450,422 Accumulated goodwill impairment losses (79,631) (79,631) Goodwill, net $ 7,370,791 7,370,791 The Company performed an annual impairment test during the fourth quarters of fiscal 2021 and 2020 and determined none of its recorded goodwill was impaired.

Notes Payable

Notes Payable	12 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Notes Payable	Notes Payable Senior Notes Payable; Revolving Credit Facility At March 31, 2021, the Company's notes payable consisted of a $685.0 million senior revolving credit facility, which has an accordion feature permitting the maximum aggregate commitments to increase to $685.0 million provided that certain conditions are met. At March 31, 2021, $405.0 million was outstanding under the 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 March 31, 2021. 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 will be 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 $1.3 million, $1.0 million, and $1.1 million for the years ended March 31, 2021, 2020, and 2019, respectively. Borrowings under the revolving credit facility mature on June 7, 2024. For the years ended March 31, 2021, 2020, and 2019 the Company’s effective interest rate, including the commitment fee, was 5.8%, 5.8%, and 6.7% respectively, and the unused amount available under the revolver at March 31, 2021 was $181.4 million. 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 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 (a) $365.0 million through December 30, 2020 and (b) $325.0 million on and after December 31, 2020; (ii) a minimum fixed charge coverage ratio of (a) 2.25 to 1.0 for the fiscal quarters ending March 31, 2020, June 30, 2020 and September 30, 2020 and (b) 2.75 to 1.0 for each fiscal quarter thereafter; (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% as of the end of each calendar month. 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 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 Company was in compliance with these covenants at March 31, 2021 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 60 days from the date of its entry and is reasonably likely to cause a material adverse change. Debt Maturities As of March 31, 2021, the aggregate annual maturities of the notes payable for each of the five fiscal years subsequent to March 31, 2021 were as follows: 2022 $ — 2023 — 2024 — 2025 405,007,500 2026 — Total future debt payments $ 405,007,500

Insurance and Other Income

Insurance and Other Income	12 Months Ended
	Mar. 31, 2021
Insurance Commissions and other income [Abstract]
Insurance and Other Income	Insurance and Other Income Insurance and other income for the years ending March 31, 2021, 2020, and 2019 consist of: 2021 2020 2019 Insurance revenue $ 44,214,454 50,360,730 45,182,596 Tax return preparation revenue 18,098,087 20,936,447 21,454,117 Auto club membership revenue 7,863,145 6,254,748 4,452,018 Other 4,244,079 4,150,319 4,299,917 Insurance and other income $ 74,419,765 81,702,244 75,388,648 The Company has a wholly-owned, captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company. Certain coverages currently sold by the Company on behalf of the unaffiliated insurance carrier are ceded by the carrier to the captive insurance subsidiary, providing the Company with an additional source of income derived from the earned reinsurance premiums. Insurance premiums are ceded to the reinsurance subsidiary as written and revenue is recognized over the life of the related insurance contracts. As of March 31, 2021, 2020, and 2019, the amount of net written premiums by the reinsurance subsidiary were $5.9 million, $6.6 million, and $5.6 million, respectively, and the amount of earned premiums were $6.0 million, $6.2 million, and $5.7 million, respectively.

Non-filing Insurance

Non-filing Insurance	12 Months Ended
	Mar. 31, 2021
Non-file Insurance [Abstract]
Non-filing Insurance	Non-filing Insurance The Company maintains non-filing insurance coverage with an unaffiliated insurance company. The following is a summary of the non-filing insurance activity for the years ended March 31, 2021, 2020, and 2019: 2021 2020 2019 Insurance premiums written $ 7,072,647 8,251,927 6,164,871 Recoveries on claims paid $ 959,620 1,001,288 996,482 Claims paid $ 5,223,484 7,570,126 6,553,271

Leases

Leases	12 Months Ended
	Mar. 31, 2021
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,” in this Annual Report on Form 10-K for a description of the Company's accounting policy regarding useful lives. The Company uses its effective annual interest rate as the discount rate when evaluating leases under Topic 842. Management applies its effective annual interest rate to leases entered for the entirety of the subsequent year. For example, fiscal 2020’s annual effective interest rate of 5.8% will be used in the determination of lease type as well as the discount rate when calculating the present value of lease payments for all leases entered into in fiscal 2020 or until a new annual effective interest rate is available for application. Based on its historical practice, the Company believes it is reasonably certain to exercise a given option associated with a given office space lease. Therefore, the Company classifies all lease options for office space as “reasonably certain” unless it has specific knowledge to the contrary for a given lease. The Company does not believe it is reasonably certain to exercise any options associated with its office equipment leases. Periodic Disclosures The Company's leases consist of real estate leases for office space as well as office equipment leases, all of which were classified as operating at March 31, 2021. Both the branch 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 years ended March 31, 2021 and 2020: 2021 2020 Lease Cost Operating lease cost $ 27,977,226 $ 26,244,323 Short-term lease cost 1,800 4,500 Variable lease cost 3,621,748 3,376,275 Total lease cost $ 31,600,774 $ 29,625,098 The following table reports other information about the Company's leases for years ended March 31, 2021 and 2020: 2021 2020 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 27,559,260 $ 25,618,886 Right-of-use assets obtained in exchange for new operating lease liabilities $ 12,482,167 $ 36,826,045 Weighted average remaining lease term — operating leases 7.3 years 8.4 years Weighted-average discount rate — operating leases 6.3 % 6.7 % The following table reports information about the maturity of the Company's operating leases as of March 31, 2021: Operating lease liability maturity analysis FY2022 25,697,140 FY2023 21,366,591 FY2024 17,262,768 FY2025 12,608,028 FY2026 8,874,883 Thereafter 31,311,884 Total undiscounted lease liability $ 117,121,294 Imputed interest 25,403,219 Total discounted lease liability $ 91,718,075 The Company had no leases with related parties at March 31, 2021 or 2020.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the TCJA. The TCJA included significant changes to existing tax law, including a permanent reduction to the U.S. federal corporate income tax rate from 35% to 21%, a one-time repatriation tax on deferred foreign income (“Transition Tax”), deductions, credits and business-related exclusions. The impact of changes in federal tax rates on deferred tax amounts and the effect of the Transition Tax are significant unusual or infrequent events which are recognized as discrete items in the Company’s income tax expense in the period in which the event occurs. The Company recorded a $10.5 million increase in tax expense related to the net impact of revaluing the U.S. deferred tax assets and liabilities in the third quarter of fiscal 2018. An adjustment was made in the third quarter of fiscal 2019 to record an $850.0 thousand tax benefit related to the revaluing of the U.S. deferred tax assets and liabilities due to additional analysis and change in estimate from the original calculation. The Company also recorded an increase in tax expense of $4.9 million related to the foreign Transition Tax during the final quarter of fiscal 2018. Because of the Transition Tax, the Company's tax basis was greater than its book basis. The recognition of the basis difference upon the sale of the Mexican operations in fiscal 2019 created a capital loss that the Company does not believe will be recognized in the carryforward period; therefore, a full tax valuation allowance was recorded against the recognized loss carryforward. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, expands current benefits of net operating losses and increases the allowable business interest deduction under Section 163(j). The CARES Act did not have a material impact on the Company's income tax position. Income tax expense (benefit) from continuing operations consists of: Current Deferred Total Year ended March 31, 2021 Continuing Operations- Federal $ 16,443,592 4,077,609 20,521,201 Continuing Operations- State and local 1,025,645 1,573,753 2,599,398 $ 17,469,237 5,651,362 23,120,599 Year ended March 31, 2020 Continuing Operations- Federal $ 3,307,872 (224,604) 3,083,268 Continuing Operations- State and local 2,871,179 797,518 3,668,697 $ 6,179,051 572,914 6,751,965 Year ended March 31, 2019 Continuing Operations- Federal $ 20,508,247 (1,833,943) 18,674,304 Continuing Operations- State and local (871,439) (1,821,808) (2,693,247) $ 19,636,808 (3,655,751) 15,981,057 The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax expense from continuing operations for March 31, 2021, 2020 and 2019 are summarized as follows: 2021 2020 2019 Expected income tax $ 23,394,720 7,330,983 18,874,500 Increase (reduction) in income taxes resulting from: State tax (excluding state tax credits), net of federal benefit 2,053,524 3,398,271 1,576,915 Federal tax credits (net) (1,173,435) (7,616,236) — State tax credits — (500,000) (3,704,580) Revalue deferred tax assets and liabilities — — (852,523) Uncertain tax positions (2,107,263) (167,455) (183,929) Nondeductible penalties 8,274 4,562,830 2,210 Executive compensation limitation under Section 162(m) 1,203,203 1,305,975 37,457 Excess tax benefits related to equity compensation (996,769) (612,987) (287,703) Prior year adjustments (30,953) (672,358) 106,075 Other, net 769,298 (277,058) 412,635 $ 23,120,599 6,751,965 15,981,057 The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax expense from discontinued operations for March 31, 2021, 2020 and 2019 are summarized as follows: 2021 2020 2019 Expected income tax $ — — 491,783 Increase (reduction) in income taxes resulting from: Foreign income adjustments — — 187,974 Other, net — — (53,174) $ — — 626,583 The tax effects of temporary differences from continuing operations that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2021 and 2020 are presented below: 2021 2020 Deferred tax assets: Allowance for credit losses $ 22,908,670 23,900,236 Unearned insurance commissions 10,080,766 9,964,655 Accrued expenses primarily related to employee benefits 13,676,701 12,730,245 Reserve for uncollectible interest 645,113 1,205,082 Lease liability 22,231,591 25,309,841 Foreign tax credit carryforward 3,254,926 3,254,926 Capital loss carryforward 7,928,184 7,784,059 State net operating loss carryforwards 78,358 387,558 Gross deferred tax assets 80,804,309 84,536,602 Less valuation allowance (11,184,384) (11,040,259) Net deferred tax assets 69,619,925 73,496,343 Deferred tax liabilities: Fair value adjustment for loans receivable (12,362,590) (14,065,135) Property and equipment (5,902,421) (5,097,147) Intangible assets (243,574) (925,319) Deferred net loan origination costs (1,268,653) (1,664,486) Prepaid expenses (1,412,337) (1,185,759) Right-of-use asset (21,826,178) (25,045,690) Other (1,611,430) (2,254,822) Gross deferred tax liabilities (44,627,183) (50,238,358) Deferred income taxes, net $ 24,992,742 23,257,985 At March 31, 2021, the Company had state net operating loss carryforwards of approximately $2.2 million. A deferred tax asset of approximately $0.1 million has been recorded to reflect the benefit of these losses that the Company expects to be recognized. Approximately $1,000 of the state net operating loss carryforward will expire in 2025 with the remaining carryforward expiring between 2036 and 2039. The valuation allowance for deferred tax assets increased by $144,125 for the year ended March 31, 2021 when compared to March 31, 2020. The valuation allowance at March 31, 2021 and 2020 was $11.2 million and $11.0 million, respectively. The valuation allowance against the total deferred tax assets as of March 31, 2021 consisted of $1,274 related to state of Colorado net operating loss carryforwards in the amount of $54,318, which expire in 2025, a foreign tax credit carryforward of $3.3 million arising in relation to the Section 965 calculation ("Transition Tax") during fiscal 2018 which expires in 2028, and $7.9 million related to the $37.1 million capital loss carryforward from the sale of the Mexican operations in fiscal 2019 which expires in 2024 and $0.7 million related to the sale of the former headquarters building which expires in 2026. The Company does not expect to generate enough foreign source income or capital gains in future tax years to realize these tax attributes. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. In order to fully realize the deferred tax asset, the Company will need to generate future taxable income of the appropriate character prior to the expiration of the deferred tax assets governed by the tax code. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the related temporary differences are deductible, management believes it is more likely than not the Company will realize the benefits of these deductible differences, net of the existing valuation allowances at March 31, 2021. The amount of the deferred tax asset considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carryforward period are reduced. As of March 31, 2021, 2020, and 2019, the Company had $3.1 million, $5.8 million, and $5.8 million of total gross unrecognized tax benefits including interest, respectively. Of these totals, approximately $2.6 million, $5.2 million, and $5.4 million, respectively, represents the amount of net unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. A reconciliation of the beginning and ending amount of unrecognized tax benefits at March 31, 2021, 2020, and 2019 are presented below: 2021 2020 2019 Unrecognized tax benefit balance beginning of year $ 4,351,811 4,043,623 6,946,229 Gross increases for tax positions of current year 36,541 246,725 54,025 Gross increases (decreases) for tax positions of prior years — 786,674 (138,405) Settlements with tax authorities (1,968,702) — (1,356,714) Lapse of statute of limitations (608,406) (725,211) (1,461,512) Unrecognized tax benefit balance end of year $ 1,811,244 4,351,811 4,043,623 At March 31, 2021, approximately $0.7 million of gross unrecognized tax benefits are expected to be resolved during the next 12 months through settlements with taxing authorities or the expiration of the statute of limitations. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. As of March 31, 2021, 2020, and 2019, the Company had $1.2 million, $1.4 million, and $1.8 million accrued for gross interest, respectively, of which $0.3 million, $(0.1) million, and $1.1 million represented the current period expense for the periods ended March 31, 2021, 2020, and 2019. The Company is subject to U.S. income tax, 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.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of the numerators and denominators of the basic and diluted EPS from continuing operations calculations: For the year ended March 31, 2021 Income Shares Per Share Basic EPS Income from continuing operations available to common shareholders $ 88,282,828 6,493,898 $ 13.59 Effect of dilutive securities options and restricted stock — 178,212 Diluted EPS Income from continuing operations available to common shareholders including dilutive securities $ 88,282,828 6,672,110 $ 13.23 For the year ended March 31, 2020 Income Shares Per Share Amount Basic EPS Income from continuing operations available to common shareholders $ 28,157,478 7,688,242 $ 3.66 Effect of dilutive securities options and restricted stock — 264,658 Diluted EPS Income from continuing operations available to common shareholders including dilutive securities $ 28,157,478 7,952,900 $ 3.54 For the year ended March 31, 2019 Income Shares Per Share Amount Basic EPS Income from continuing operations available to common shareholders $ 73,897,515 8,994,036 $ 8.22 Effect of dilutive securities options and restricted stock — 210,341 Diluted EPS Income from continuing operations available to common shareholders including dilutive securities $ 73,897,515 9,204,377 $ 8.03 Options to purchase 608,087, 656,347, and 592,947 shares of common stock at various prices were outstanding during the years ended March 31, 2021, 2020, and 2019, respectively, but were not included in the computation of diluted EPS because the option exercise price was antidilutive.

Benefit Plans

Benefit Plans	12 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Benefit Plans	Benefit Plans Retirement Plan The Company provides a defined contribution employee benefit plan (401(k) plan) covering full-time employees, whereby employees can invest up to the maximum designated for that year. The Company matches 50% of each employee's contributions up to the first 6% of the employee's eligible compensation, providing a maximum employer contribution of 3% of compensation. The Company's expense under this plan was $1.6 million, $1.6 million, and $1.5 million, for the years ended March 31, 2021, 2020, and 2019, respectively. Supplemental Executive Retirement Plan The Company has instituted two supplemental executive retirement plans, which are non-qualified executive benefit plans in which the Company agrees to pay certain executives additional benefits in the future, usually at retirement, in return for continued employment by the executives. The SERPs are unfunded plans, and, as such, there are no specific assets set aside by the Company in connection with the establishment of the plans. The executives have no rights under the agreements beyond those of a general creditor of the Company. For the years ended March 31, 2021, 2020, and 2019, contributions of $0.55 million, $0.58 million, and $0.65 million, respectively, were charged to expense related to the SERP. The unfunded liability, which is included as a component of accounts payable and accrued expenses in the Company's Consolidated Balance Sheets was $6.4 million and $6.8 million as of March 31, 2021 and 2020, respectively. For the three years presented, the unfunded liability was estimated using the following assumptions: an annual salary increase of 3.5% for all 3 years; a discount rate of 6.0% for all 3 years; and a retirement age of 65. Executive Deferred Compensation Plan The Company has an Executive Deferral Plan. Eligible executives and directors may elect to defer all or a portion of their incentive compensation to be paid under the Executive Deferral Plan. As of March 31, 2021 and 2020 no executive or director had deferred compensation under this plan. 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 directors, officers, and key employees. Under these plans, a total of 3,350,000 shares of authorized common stock have been reserved for issuance pursuant to grants approved by the Compensation and Stock Option Committee of the Board of Directors. Stock options granted under these plans have a maximum duration of ten years, may be subject to certain vesting requirements, which are generally three to six years for officers, non-employee directors, and key employees, and are priced at the market value of the Company's common stock on the option's grant date. At March 31, 2021 there were a total of 170,377 shares of common stock available for grant under the plans. Stock-based compensation is recognized as provided under FASB ASC Topic 718-10 and FASB ASC Topic 505-50. FASB ASC Topic 718-10 requires all share-based payments to employees, including grants of employee stock options, to be recognized as compensation expense over the requisite service period (generally the vesting period) in the consolidated financial statements based on their grant date fair values. The Company has applied the Black-Scholes valuation model in determining the grant date fair value of the stock option awards. Compensation expense is recognized only for those options expected to vest. Long-term Incentive Program and Non-Employee Director Awards On October 15, 2018, the Compensation Committee and Board approved and adopted a new long-term incentive program that seeks to motivate and reward certain employees and to align management’s interest with shareholders’ 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 will 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 will 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 shall have a 10-year term. The Performance Options shall 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 shall 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 years ended March 31, 2021, 2020, and 2019 was $58.48, $57.69, and $53.50 per share, respectively. This fair value was estimated at grant date using the weighted-average assumptions listed below. 2021 2020 2019 Dividend yield 0 % 0 % 0 % Expected volatility 57.53 % 52.28 % 48.94 % Average risk-free interest rate 0.59 % 1.58 % 3.01 % Expected life 6.3 years 6.3 years 6.7 years The expected stock price volatility is based on the historical volatility of the Company’s 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 year ended March 31, 2021 was as follows: Shares Weighted Weighted Aggregate Options outstanding, beginning of year 646,728 $ 88.30 Granted 38,473 109.30 Exercised (165,237) 74.25 Forfeited (18,666) 105.14 Expired (1,130) 103.75 Options outstanding, end of period 500,168 $ 93.89 6.29 $ 18,080,095 Options exercisable, end of period 213,095 $ 81.47 4.11 $ 10,300,232 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on March 31, 2021 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 March 31, 2021. This amount will change as the stock's market price changes. The total intrinsic value of options exercised during the years ended March 31, 2021, 2020, and 2019 was as follows: 2021 2020 2019 $9,996,167 $5,083,094 $4,433,495 As of March 31, 2021, 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 3.7 years. Restricted Stock During fiscal 2021, the Company granted 52,735 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 $106.28 per share. During fiscal 2020, the Company granted 11,223 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 $90.23 per share. During fiscal 2019, the Company granted 760,420 shares of restricted stock (which are equity classified) to certain executive officers, with a grant date weighted average fair value of $101.61 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 $15.5 million, $23.4 million, and $13.6 million for the years ended March 31, 2021, 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 March 31, 2021, there was approximately $27.2 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 2.5 years based on current estimates. A summary of the status of the Company’s restricted stock as of March 31, 2021 and changes during the year ended March 31, 2021, are presented below: Shares Weighted Average Fair Outstanding at March 31, 2020 705,254 $ 101.47 Granted during the period 52,735 106.28 Vested during the period (83,250) 101.17 Forfeited during the period (60,000) 100.79 Outstanding at March 31, 2021 614,739 $ 101.99 Total Stock-Based Compensation Total stock-based compensation included as a component of net income during the years ended March 31, 2021, 2020, and 2019 was as follows: 2021 2020 2019 Stock-based compensation related to equity classified units: Stock-based compensation related to stock options $ 3,804,674 5,522,883 3,991,967 Stock-based compensation related to restricted stock 15,476,603 23,429,277 13,643,343 Total stock-based compensation related to equity classified awards $ 19,281,277 28,952,160 17,635,310

Acquisitions

Acquisitions	12 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Acquisitions	Acquisitions The Company evaluates each set of assets and activities it acquires to determine if the set meets the definition of a business according to FASB ASC Topic 805-10-55. Acquisitions meeting the definition of a business are accounted for as a business combination while all other acquisitions are accounted for as an asset purchase. The following table sets forth the acquisition activity of the Company for the years ended March 31, 2021, 2020, and 2019: 2021 2020 2019 Number of branches acquired through business combinations — 38 17 Number of asset purchases 50 140 88 Total acquisitions 50 178 105 Purchase price $ 19,774,252 $ 61,555,973 $ 44,145,787 Tangible assets: Loans receivable, net 15,210,973 47,026,694 33,920,847 Property and equipment — 74,000 1,500 15,210,973 47,100,694 33,922,347 Excess of purchase prices over fair value of net tangible assets $ 4,563,279 $ 14,455,279 $ 10,223,440 Customer lists $ 4,365,779 $ 13,228,951 $ 9,688,440 Non-compete agreements 197,500 890,000 535,000 Goodwill — 336,328 — 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 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 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 the fair value. Customer lists are valued with a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs in accordance with FASB ASC Topic 360-10-05. If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance. In most acquisitions, the original fair value of the customer list allocated to an office is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial. 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.

Fair Value

Fair Value	12 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair Value Disclosures The Company may carry certain financial instruments and derivative assets and liabilities at fair value on a recurring 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 determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value measurements are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are: • Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less active. • Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity’s own assumptions. The Company’s financial instruments for the periods reported consist of the following: cash and cash equivalents, loans receivable, and senior notes payable. Fair value approximates carrying value for all of these instruments. Loans receivable are originated at prevailing market rates and have an average life of approximately 8 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 considered its creditworthiness in its determination 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. March 31, 2021 March 31, 2020 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 15,746,454 $ 15,746,454 $ 11,618,922 $ 11,618,922 Loans receivable, net 3 733,659,389 733,659,389 804,402,786 804,402,786 LIABILITIES Senior notes payable 3 405,007,500 405,007,500 451,100,000 451,100,000 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: March 31, 2021 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, SC as of March 31, 2020 in conjunction with its reclassification of the related assets as held for sale. The revaluation resulted in an impairment loss of approximately $251,000, which is included as a component of other expense in the Company's Consolidated Statements of Operations. The observable inputs the Company used in its revaluation were the agreed-upon prices to sell the assets. There were no other significant assets or liabilities measured at fair value on a non-recurring basis as of March 31, 2021 and 2020.

Quarterly Information (Unaudite

Quarterly Information (Unaudited)	12 Months Ended
	Mar. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Quarterly Information (Unaudited)	Quarterly Information (Unaudited) The following sets forth selected quarterly operating data: Fiscal 2021 Fiscal 2020 First Second Third Fourth First Second Third Fourth (Dollars in thousands, except for earnings per share data) Total revenues $ 123,867 124,441 130,946 146,280 138,441 141,573 146,996 163,018 Provision for credit losses 25,661 26,090 28,857 5,636 41,291 52,968 55,219 32,252 General and administrative expenses 71,608 75,293 77,875 77,411 81,776 78,452 90,558 96,707 Interest expense 5,562 5,893 7,305 6,940 4,403 6,328 7,130 8,035 Income tax expense 5,527 3,767 2,418 11,409 2,363 1,312 356 2,721 Net income (loss) $ 15,509 13,398 14,491 44,884 8,608 2,513 (6,267) 23,303 Net income (loss) per common share: Basic $ 2.26 2.01 2.32 7.25 1.01 0.32 (0.87) 3.23 Diluted $ 2.24 1.96 2.25 6.96 0.97 0.31 (0.87) 3.18 The Company's highest loan demand occurs generally 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. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results from 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.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, the Company is involved in litigation matters relating to claims arising out of its operations in the normal course of business. Estimating an amount or range of possible losses resulting from litigation, government actions, and other legal proceedings is inherently difficult and requires an extensive degree of judgment, particularly where the matters involve indeterminate claims for monetary damages, may involve fines, penalties, or damages that are discretionary in amount, involve a large number of claimants or significant discretion by regulatory authorities, represent a change in regulatory policy or interpretation, present novel legal theories, are in the early stages of the proceedings, are subject to appeal or could result in a change in business practices. In addition, because most legal proceedings are resolved over extended periods of time, potential losses are subject to change due to, among other things, new developments, changes in legal strategy, the outcome of intermediate procedural and substantive rulings and other parties’ settlement posture and their evaluation of the strength or weakness of their case against us. For these reasons, we are currently unable to predict the ultimate timing or outcome of, or reasonably estimate the possible losses or a range of possible losses resulting from, the matters described above. Based on information currently available, the Company does not believe that any reasonably possible losses arising from currently pending legal matters will be material to the Company’s results of operations or financial conditions. However, in light of the inherent uncertainties involved in such matters, an adverse outcome in one or more of these matters could materially and adversely affect the Company’s financial condition, results of operations or cash flows in any particular reporting period.

Assets Held for Sale

Assets Held for Sale	12 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [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: March 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 On August 3, 2018 the Company and its affiliates completed the sale of the Company's Mexico operating segment in its entirety. The Company sold all of the issued and outstanding capital stock and equity interest of WAC de Mexico and SWAC to the Purchasers, effective as of July 1, 2018, for a purchase price of approximately $44.4 million. Under the terms of the stock purchase agreement, we are obligated to indemnify the Purchasers for claims and liabilities relating to certain investigations of WAC de Mexico, SWAC, or the Sellers by the DOJ or the SEC that commenced prior to July 1, 2018. Additionally, the Company has provided limited ParaData systems and software training to the Purchasers, as requested. The Company has not and will not have any other involvement with the Mexico operating segment subsequent to the sale's effective date. The following table reconciles the major classes of line items constituting pre-tax income of discontinued operations to the amounts presented in the Consolidated Statements of Operations: Year ended March 31, 2021 2020 2019 Revenues $ — $ — $ 9,693,367 Provision for loan losses — — 1,809,059 General and administrative expenses — — 5,542,483 Income from discontinued operations before disposal of discontinued operations and income taxes — — 2,341,825 Loss on disposal of discontinued operations — — (38,377,623) Income taxes — — 626,583 Loss from discontinued operations $ — $ — $ (36,662,381) The following table presents operating, investing and financing cash flows for the Company’s discontinued operations: Year ended March 31, 2021 2020 2019 Cash provided by operating activities: $ — $ — $ 3,553,854 Cash provided by (used in) investing activities: — — 1,138,084 Cash provided by (used in) financing activities: $ — $ — $ (17,126,000)

Discontinued Operations

Discontinued Operations	12 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	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: March 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 On August 3, 2018 the Company and its affiliates completed the sale of the Company's Mexico operating segment in its entirety. The Company sold all of the issued and outstanding capital stock and equity interest of WAC de Mexico and SWAC to the Purchasers, effective as of July 1, 2018, for a purchase price of approximately $44.4 million. Under the terms of the stock purchase agreement, we are obligated to indemnify the Purchasers for claims and liabilities relating to certain investigations of WAC de Mexico, SWAC, or the Sellers by the DOJ or the SEC that commenced prior to July 1, 2018. Additionally, the Company has provided limited ParaData systems and software training to the Purchasers, as requested. The Company has not and will not have any other involvement with the Mexico operating segment subsequent to the sale's effective date. The following table reconciles the major classes of line items constituting pre-tax income of discontinued operations to the amounts presented in the Consolidated Statements of Operations: Year ended March 31, 2021 2020 2019 Revenues $ — $ — $ 9,693,367 Provision for loan losses — — 1,809,059 General and administrative expenses — — 5,542,483 Income from discontinued operations before disposal of discontinued operations and income taxes — — 2,341,825 Loss on disposal of discontinued operations — — (38,377,623) Income taxes — — 626,583 Loss from discontinued operations $ — $ — $ (36,662,381) The following table presents operating, investing and financing cash flows for the Company’s discontinued operations: Year ended March 31, 2021 2020 2019 Cash provided by operating activities: $ — $ — $ 3,553,854 Cash provided by (used in) investing activities: — — 1,138,084 Cash provided by (used in) financing activities: $ — $ — $ (17,126,000)

Subsequent Events

Subsequent Events	12 Months Ended
	Mar. 31, 2021
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 Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy	Nature of Operations The Company is a small-dollar consumer finance (installment loan) 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. It also offers income tax return preparation services to its customer base and to others. As of March 31, 2021, the Company operated 1,205 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin. Branches in the aforementioned states operate under one of the following names: Amicable Finance, Colonial Finance, Freeman Finance, General Credit, Midwestern Loans, World Acceptance, or World Finance. On August 3, 2018 the Company and its affiliates completed the sale of the Company's Mexico operating segment in its entirety, effective as of July 1, 2018. Thus, the Company operated no branches in Mexico as of March 31, 2021 or 2020. During the first quarter of fiscal 2019, branches in Mexico operated under the name Préstamos Avance or Pr é stamos Viva. The Company is subject to numerous lending regulations that vary by jurisdiction.
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the accounts of World Acceptance Corporation and its wholly-owned subsidiaries (the “Company”). Subsidiaries consist of operating entities in various states, ParaData Financial Systems (a software company acquired during fiscal 1994), and WAC Insurance Company, Ltd. (a captive reinsurance company established in fiscal 1994). All significant inter-company balances and transactions have been eliminated in consolidation. The financial statements of the Company’s former foreign subsidiaries in Mexico were prepared using the local currency as the functional currency. Assets and liabilities of these subsidiaries were translated into U.S. dollars at the then-current exchange rate while income and expense are translated at an average exchange rate for the applicable period. The resulting translation gains and losses were recognized as a component of equity in “Accumulated Other Comprehensive Loss, net.”
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The most significant item subject to such estimates and assumptions that could materially change in the near term is the allowance for credit losses.
Reclassification, Policy	Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity.
Business Segments	Business Segments The Company reports operating segments in accordance with FASB ASC Topic 280. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. FASB ASC Topic 280 requires that a public enterprise report a measure of segment profit or loss, certain specific revenue and expense items, segment assets, information about the way that the operating segments were determined and other items. The Company has one reportable segment. The other revenue generating activities of the Company, including the sale of insurance products, income tax preparation, and the automobile club, are done within the existing branch
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less from the date of original issuance to be cash equivalents. As of March 31, 2021 and 2020 the Company had $7.0 million and $5.4 million, respectively, in restricted cash associated with its captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company.
Loans and Interest Income	Loans and Interest and Fee Income The Company is licensed to originate consumer loans in the states of Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Utah, and Wisconsin. During fiscal 2021, 2020, and 2019 the Company originated loans generally ranging up to $3,500, with terms of 48 months or fewer. Experience indicates that a majority of the consumer loans are refinanced, and the Company accounts for the majority of the refinancings as new loans. Generally a customer must make multiple payments in order to qualify for refinancing. Furthermore, the Company's lending policy has predetermined lending amounts so that in most cases a refinancing will result in advancing additional funds. The Company believes that the advancement of additional funds constitutes more than a minor modification to the terms of the existing loan if the present value of the cash flows under the terms of the new loan will be 10% or more of the present value of the remaining cash flows under the terms of the original loan. The following table sets forth information about our loan products for fiscal 2021: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 250 $ 2,450 4 30 Large loans 2,500 21,400 12 48 Tax advance loans 100 5,000 8 8 Gross loans receivable at March 31, 2021 and 2020 consisted of the following: 2021 2020 Small loans $ 620,959,979 $ 761,364,753 Large loans 475,470,271 442,683,915 Tax advance loans 8,316,011 5,822,698 Total gross loans $ 1,104,746,261 $ 1,209,871,366 Fees received and direct costs incurred for the origination of loans are deferred and amortized to interest income over the contractual lives of the loans using the interest method. Unamortized amounts are recognized in income at the time that loans are refinanced or paid in full except for those refinancings that do not constitute a more than minor modification. Loans are carried at the gross amount outstanding, reduced by unearned interest and insurance income, net of deferred origination fees and direct costs and an allowance for credit losses. The Company recognizes interest and fee income using the interest method. Charges for late payments are credited to income when collected. With the exception of tax advance loans, which are interest free, the Company offers its loans at the prevailing statutory rates for terms not to exceed 48 months. Management believes that the carrying value approximates the fair value of its loan portfolio.
Nonaccrual Policy	Nonaccrual PolicyThe 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.
Allowance for Loan Losses	Allowance for Credit Losses Refer to Note 2, “Allowance for Credit Losses and Credit Quality Indicators,” in this Annual Report on Form 10-K for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes.
Impaired Loans	Impaired LoansThe Company defines impaired loans as bankrupt accounts and accounts 91 days or more past due on a recency basis. In accordance with the Company’s charge-off policy, once a loan is deemed uncollectible, 100% of the net investment is charged off, except in the case of a borrower who has filed for bankruptcy. As of March 31, 2021, bankrupt accounts that had not been charged off were approximately $3.2 million.  Bankrupt accounts 91 days or more past due on a recency basis are reserved at 100% of the gross loan balance. The Company also considers any accounts 91 days or more past due on a recency basis to be impaired, and such accounts are reserved at 100% of the gross loan balance.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is recorded using the straight-line method over the estimated useful life of the related asset as follows: buildings, 25 to 40 years; furniture and fixtures, 5 to 10 years; equipment, 3 to 7 years; and vehicles, 3 years. Amortization of leasehold improvements is recorded using the straight-line method over the lesser of the estimated useful life of the asset or the term of the lease. Additions to premises and equipment and major replacements or improvements are added at cost. Maintenance, repairs, and minor replacements are charged to operating expense as incurred. When assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the consolidated statement of operations.
Operating Leases	Operating Leases The Company’s branch leases typically have a lease term of three
Other Assets	Other Assets Other assets include cash surrender value of life insurance policies, prepaid expenses, debt issuance costs, and other deposits.
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible assets include the cost of acquiring existing customers ("customer lists"), and the fair value assigned to non-compete agreements. Customer lists are amortized on a straight line or accelerated basis over their estimated period of benefit, ranging from 8 to 23 years with a weighted average of approximately 9.5 years. Non-compete agreements are amortized on a straight line basis over the term of the agreement, ranging from 3 to 5.3 years with a weighted average of approximately 5.0 years. 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.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company assesses impairment of long-lived assets, including property and equipment and intangible assets, whenever changes or events indicate that the carrying amount may not be recoverable. The Company assesses impairment of these assets generally at the branch level based on the operating cash flows of the branch and the Company’s plans for branch closings. The Company will write down such assets to fair value if, based on an analysis, the sum of the expected future undiscounted cash flows is less than the carrying amount of the assets. The Company did not record any impairment charges for the fiscal year ended 2021, 2020, or 2019.
Fair Value of Financial Instruments	Fair Value of Financial Instruments FASB ASC Topic 825 requires disclosures about the fair value of all financial instruments, regardless of whether the financial instrument is recognized on the balance sheet, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. The Company’s financial instruments for the periods reported consist of the following: cash and cash equivalents, loans receivable and senior notes payable. Fair value approximates carrying value for all of these instruments.
Insurance Premiums	Insurance Premiums and CommissionsInsurance premiums for credit life, accident and health, property and unemployment insurance written in connection with certain loans, net of refunds and applicable advance insurance commissions retained by the Company, are remitted monthly to an insurance company. All commissions are credited to unearned insurance commissions and recognized as income over the life of the related insurance contracts. The Company recognizes insurance income using the Rule of 78s method for credit life (decreasing term), credit accident and health, unemployment insurance and the Pro Rata method for credit life (level term) and credit property.
Non-filing Insurance	Non-filing Insurance Non-filing insurance premiums are charged on certain loans in lieu of recording and perfecting the Company's security interest in the assets pledged. The premiums and recoveries are remitted to a third party insurance company and are not reflected in the accompanying Consolidated Financial Statements (see Note 8). Claims paid by the third party insurance company result in a reduction to loan losses. Certain losses related to such loans, which are not recoverable through life, accident and health, property, or unemployment insurance claims are reimbursed through non-filing insurance claims subject to policy limitations. Any remaining losses are charged to the allowance for credit losses.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment related to additional facts and circumstances occurs.
Earnings Per Share	Earnings Per Share Earnings per share (“EPS”) is computed in accordance with FASB ASC Topic 260. Basic EPS includes no dilution and is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of securities that could share in the earnings of the Company. Potential common stock included in the diluted EPS computation consists of stock options and restricted stock, which are computed using the treasury stock method. See Note 11 for the reconciliation of the numerators and denominators for basic and dilutive EPS calculations.
Stock-Based Compensation	Stock-Based Compensation FASB ASC Topic 718-10 requires companies to recognize in the income statement the grant-date fair value of stock options and other equity-based compensation issued to employees. FASB ASC Topic 718-10 does not change the accounting guidance for share-based payment transactions with parties other than employees provided in FASB ASC Topic 718-10. Under FASB ASC Topic 718-10, the way an award is classified will affect the measurement of compensation cost. Liability-classified awards are remeasured to fair value at each balance-sheet date until the award is settled. Equity-classified awards are measured at grant-date fair value, amortized over the subsequent vesting period, and are not subsequently remeasured. The fair value of non-vested stock awards for the purposes of recognizing stock-based compensation expense is the market price of the stock on the grant date. The fair value of options is estimated on the grant date using the Black-Scholes option pricing model (see Note 12). At March 31, 2021, the Company had several share-based employee compensation plans, which are described more fully in Note 12.
Share Repurchases	Share Repurchases On March 12, 2020, the Board of Directors authorized the Company to repurchase up to $30.0 million of the Company’s outstanding common stock, inclusive of the amount that remains available for repurchase under prior repurchase authorizations. As of March 31, 2021, the Company had $21.4 million in aggregate remaining repurchase capacity. The timing and actual number of shares of common stock repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, restrictions under the revolving credit facility and other market and economic conditions. The Company continues to believe stock repurchases are a viable component of the Company’s long-term financial strategy and an excellent use of excess cash when the opportunity arises. However, our revolving credit agreement limits share repurchases to 50% of consolidated adjusted net income in any fiscal year commencing with the fiscal year ending March 31, 2017 without prior written consent of the lenders. As of March 31, 2021 our debt outstanding was $405.0 million and our shareholders' equity was $404.9 million resulting in a debt-to-equity ratio of 1.0:1.0.
Comprehensive Income	Comprehensive Income Total comprehensive income consists of net income and other comprehensive income (loss). The Company’s other comprehensive income (loss) and accumulated other comprehensive income (loss) are composed of foreign currency translation adjustments.
Concentration of Risk	Concentration of RiskThe Company generally serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. During the year ended March 31, 2021, the Company operated in sixteen states in the United States. For the years ended March 31, 2021, 2020, and 2019, total revenue within the Company's four largest states (Texas, Georgia, Tennessee, and South Carolina) accounted for approximately 53%, 56% and 57%, respectively, of the Company's total revenues. The Company maintains amounts in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced losses in such accounts, which are maintained with large domestic banks. Management believes the Company’s exposure to credit risk is minimal for these accounts.
Advertising Costs	Advertising CostsAdvertising costs are expensed when incurred.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Measurement of Credit Losses on Financial Instruments ASU 2016-13 (and all subsequent ASUs on this topic) introduce the CECL model, a new credit loss methodology, replacing multiple existing impairment methods in current GAAP, which generally require that a loss be incurred before it is recognized. The amendments in this ASU require loss estimates be determined over the lifetime of the asset and broaden the information that an entity must consider in developing its expected credit losses. The ASU does not specify a method for measuring expected credit losses and allows an entity to apply methods that reasonably reflect its expectations of the credit loss estimate based on the entity’s size, complexity, and risk profile. In addition, the disclosures of credit quality indicators in relation to the amortized cost of financing receivables, a current disclosure requirement, are further disaggregated by year of origination. 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 We reviewed all newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the consolidated financial statements as a result of future adoption.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of gross loan	The following table sets forth information about our loan products for fiscal 2021: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 250 $ 2,450 4 30 Large loans 2,500 21,400 12 48 Tax advance loans 100 5,000 8 8 Gross loans receivable at March 31, 2021 and 2020 consisted of the following: 2021 2020 Small loans $ 620,959,979 $ 761,364,753 Large loans 475,470,271 442,683,915 Tax advance loans 8,316,011 5,822,698 Total gross loans $ 1,104,746,261 $ 1,209,871,366 The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure March 31, 2021 0 to 5 months $ 92,378,097 6 to 17 months 106,742,121 18 to 35 months 169,361,910 36 to 59 months 130,655,627 60+ months 597,292,495 Tax advance loans 8,316,011 Total gross loans $ 1,104,746,261

Allowance for Credit Losses a_2

Allowance for Credit Losses and Credit Quality Information (Tables)	12 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Summary of gross loan	The following table sets forth information about our loan products for fiscal 2021: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 250 $ 2,450 4 30 Large loans 2,500 21,400 12 48 Tax advance loans 100 5,000 8 8 Gross loans receivable at March 31, 2021 and 2020 consisted of the following: 2021 2020 Small loans $ 620,959,979 $ 761,364,753 Large loans 475,470,271 442,683,915 Tax advance loans 8,316,011 5,822,698 Total gross loans $ 1,104,746,261 $ 1,209,871,366 The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure March 31, 2021 0 to 5 months $ 92,378,097 6 to 17 months 106,742,121 18 to 35 months 169,361,910 36 to 59 months 130,655,627 60+ months 597,292,495 Tax advance loans 8,316,011 Total gross loans $ 1,104,746,261
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 March 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 970,526,682 $ 45,769,052 $ 2,102,732 $ 154,890 $ 14,444 $ 831 $ 1,018,568,631 30 - 60 days past due 21,862,634 2,011,261 153,417 21,426 3,500 2,069 24,054,307 61 - 90 days past due 18,039,010 1,208,936 88,119 11,800 571 — 19,348,436 91 or more days past due 31,126,328 3,120,210 183,434 14,028 14,708 168 34,458,876 Total $ 1,041,554,654 $ 52,109,459 $ 2,527,702 $ 202,144 $ 33,223 $ 3,068 $ 1,096,430,250 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Current $ 7,583,075 $ 9,360 $ — $ — $ — $ — $ 7,592,435 30 - 60 days past due 686,667 1,423 — — — — 688,090 61 - 90 days past due — — 321 — — — 321 91 or more days past due — 34,509 656 — — — 35,165 Total $ 8,269,742 $ 45,292 $ 977 $ — $ — $ — $ 8,316,011 Total gross loans $ 1,104,746,261 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 March 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 948,353,853 $ 39,661,944 $ 1,522,148 $ 83,073 $ 1,790 $ 831 $ 989,623,639 30 - 60 days past due 29,300,148 1,872,816 72,187 1,322 — — 31,246,473 61 - 90 days past due 23,075,264 1,363,196 75,343 567 — — 24,514,370 91 or more days past due 40,825,388 9,211,503 858,024 117,183 31,433 2,237 51,045,768 Total $ 1,041,554,653 $ 52,109,459 $ 2,527,702 $ 202,145 $ 33,223 $ 3,068 $ 1,096,430,250 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 7,583,075 $ — $ — $ — $ — $ — $ 7,583,075 30 - 60 days past due 686,667 — — — — — 686,667 61 - 90 days past due — — — — — — — 91 or more days past due — 45,292 977 — — — 46,269 Total $ 8,269,742 $ 45,292 $ 977 $ — $ — $ — $ 8,316,011 Total gross loans $ 1,104,746,261 The following is an assessment of the credit quality for March 31, 2020: Credit risk Consumer loans- non-bankrupt accounts $ 1,203,552,152 Consumer loans- bankrupt accounts 6,319,214 Total gross loans 1,209,871,366 Consumer credit exposure Credit risk profile based on payment activity, performing 1,104,130,714 Contractual non-performing, 61 days or more delinquent (1) 105,740,652 Total gross loans 1,209,871,366 Credit risk profile based on customer type New borrower 124,800,193 Former borrower 127,108,125 Refinance 935,448,882 Delinquent refinance 22,514,166 Total gross loans $ 1,209,871,366 _______________________________________________________ (1) Loans in non-accrual status
Summary of changes in the allowance for loan losses	The following is a summary of the changes in the allowance for credit losses for the years ended March 31, 2021, 2020, and 2019: 2021 2020 2019 Balance at beginning of period $ 96,487,856 81,519,624 66,088,139 Impact of ASC 326 adoption 28,628,368 — — Provision for loan losses 86,244,714 181,730,182 148,426,578 Loan losses (141,270,125) (183,439,199) (148,308,199) Recoveries 21,631,475 16,677,249 15,313,106 Balance at end of period $ 91,722,288 96,487,856 81,519,624
Summary of loans individually and collectively evaluated for impairment	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 loan losses (54,090,509) (42,397,347) (96,487,856) Loans, net of allowance for loan losses $ 4,946,208 799,456,578 804,402,786
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 March 31, 2021: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 72,702,970 $ 4,799,102 $ 5,680,380 $ 9,195,642 $ 19,675,124 $ 92,378,094 6 to 17 months 94,466,209 3,187,347 2,798,411 6,290,155 12,275,913 106,742,122 18 to 35 months 158,217,605 3,570,696 2,592,402 4,981,208 11,144,306 169,361,911 36 to 59 months 123,542,346 2,432,489 1,753,291 2,927,501 7,113,281 130,655,627 60+ months 569,639,500 10,064,674 6,523,952 11,064,370 27,652,996 597,292,496 Tax advance loans 7,592,435 688,090 321 35,165 723,576 8,316,011 Total gross loans 1,026,161,065 24,742,398 19,348,757 34,494,041 78,585,196 1,104,746,261 Unearned interest, insurance and fees (259,492,219) (6,256,776) (4,892,850) (8,722,739) (19,872,365) (279,364,584) Total net loans $ 766,668,846 $ 18,485,622 $ 14,455,907 $ 25,771,302 $ 58,712,831 $ 825,381,677 Percentage of period-end gross loans receivable 2.2% 1.8% 3.1% 7.1% 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 March 31, 2021: Days Past Due - Contractual Basis Loans Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 70,532,439 $ 5,245,878 $ 6,019,264 $ 10,580,514 $ 21,845,656 $ 92,378,095 6 to 17 months 90,679,304 3,936,937 3,267,446 8,858,434 16,062,817 106,742,121 18 to 35 months 153,922,334 4,471,202 3,488,629 7,479,745 15,439,576 169,361,910 36 to 59 months 120,168,698 3,229,253 2,337,625 4,920,052 10,486,930 130,655,628 60+ months 554,320,865 14,363,203 9,401,406 19,207,022 42,971,631 597,292,496 Tax advance loans 7,583,075 686,667 — 46,269 732,936 8,316,011 Total gross loans $ 997,206,715 $ 31,933,140 $ 24,514,370 $ 51,092,036 $ 107,539,546 $ 1,104,746,261 Unearned interest, insurance and fees $ (252,170,339) $ (8,075,147) $ (6,199,113) $ (12,919,985) $ (27,194,245) $ (279,364,584) Total net loans $ 745,036,376 $ 23,857,993 $ 18,315,257 $ 38,172,051 $ 80,345,301 $ 825,381,677 Percentage of period-end gross loans receivable 2.9% 2.2% 4.6% 9.7% The following is a summary of the past due receivables as of: March 31, Contractual basis: 30-60 days past due $ 49,137,102 61-90 days past due 35,020,925 91 days or more past due 70,719,727 Total $ 154,877,754 Percentage of period-end gross loans receivable 12.8 % Recency basis: 30-60 days past due $ 48,206,910 61-90 days past due 28,450,942 91 days or more past due 50,669,837 Total $ 127,327,689 Percentage of period-end gross loans receivable 10.5 %
Financing Receivable, Nonaccrual	It also shows year-to-date interest income recognized on nonaccrual loans: Nonaccrual Financial Assets Customer Tenure As of March 31, 2021 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 March 31, 2021 Interest Income 0 to 5 months $ 17,191,922 $ 26,040,593 $ — $ — $ 1,705,371 6 to 17 months 13,211,641 17,466,450 — — 2,433,144 18 to 35 months 12,088,377 13,723,295 — — 2,195,160 36 to 59 months 8,161,951 10,071,288 — — 1,609,059 60+ months 31,925,232 44,293,545 — — 6,747,722 Tax advance loans 46,269 41,573 — — — Unearned interest, insurance and fees (20,894,036) (28,510,140) Total $ 61,731,356 $ 83,126,604 $ — $ — $ 14,690,456

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consist of: March 31, 2021 March 31, 2020 Land $ 100,443 100,443 Building and leasehold improvements 17,882,214 17,048,098 Furniture and equipment 54,735,353 51,376,746 72,718,010 68,525,287 Less accumulated depreciation and amortization (46,377,973) (43,764,179) Total $ 26,340,037 24,761,108

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Mar. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross carrying amount and related accumulated amortization of definite-lived intangible assets	The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets: March 31, 2021 March 31, 2020 Gross Carrying Accumulated Net Intangible Asset Gross Carrying Accumulated Net Intangible Asset Cost of customer lists $ 54,777,749 (32,322,607) 22,455,142 $ 50,411,969 (27,215,464) 23,196,505 Value assigned to non-compete agreements 10,252,143 (9,169,768) 1,082,375 10,054,643 (8,802,671) 1,251,972 Total $ 65,029,892 (41,492,375) 23,537,517 $ 60,466,612 (36,018,135) 24,448,477

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Mar. 31, 2021
Goodwill [Abstract]
Changes in the carrying amount of goodwill	The following summarizes the changes in the carrying amount of goodwill for the years ended March 31, 2021 and 2020: 2021 2020 Balance at beginning of year: Goodwill $ 7,450,422 7,114,094 Accumulated goodwill impairment losses (79,631) (79,631) Goodwill, net $ 7,370,791 7,034,463 Goodwill acquired during the year $ — 336,328 Impairment losses — — Balance at end of year: Goodwill $ 7,450,422 7,450,422 Accumulated goodwill impairment losses (79,631) (79,631) Goodwill, net $ 7,370,791 7,370,791

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Aggregate annual maturities of the notes payable	As of March 31, 2021, the aggregate annual maturities of the notes payable for each of the five fiscal years subsequent to March 31, 2021 were as follows: 2022 $ — 2023 — 2024 — 2025 405,007,500 2026 — Total future debt payments $ 405,007,500

Insurance and Other Income (Tab

Insurance and Other Income (Tables)	12 Months Ended
	Mar. 31, 2021
Insurance Commissions and other income [Abstract]
Insurance Commissions and Other Income	Insurance and other income for the years ending March 31, 2021, 2020, and 2019 consist of: 2021 2020 2019 Insurance revenue $ 44,214,454 50,360,730 45,182,596 Tax return preparation revenue 18,098,087 20,936,447 21,454,117 Auto club membership revenue 7,863,145 6,254,748 4,452,018 Other 4,244,079 4,150,319 4,299,917 Insurance and other income $ 74,419,765 81,702,244 75,388,648

Non-filing Insurance (Tables)

Non-filing Insurance (Tables)	12 Months Ended
	Mar. 31, 2021
Non-file Insurance [Abstract]
Non-filing Insurance	The Company maintains non-filing insurance coverage with an unaffiliated insurance company. The following is a summary of the non-filing insurance activity for the years ended March 31, 2021, 2020, and 2019: 2021 2020 2019 Insurance premiums written $ 7,072,647 8,251,927 6,164,871 Recoveries on claims paid $ 959,620 1,001,288 996,482 Claims paid $ 5,223,484 7,570,126 6,553,271

Leases (Tables)

Leases (Tables)	12 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Lease, Cost	The following table reports information about the Company's lease cost for the years ended March 31, 2021 and 2020: 2021 2020 Lease Cost Operating lease cost $ 27,977,226 $ 26,244,323 Short-term lease cost 1,800 4,500 Variable lease cost 3,621,748 3,376,275 Total lease cost $ 31,600,774 $ 29,625,098 The following table reports other information about the Company's leases for years ended March 31, 2021 and 2020: 2021 2020 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 27,559,260 $ 25,618,886 Right-of-use assets obtained in exchange for new operating lease liabilities $ 12,482,167 $ 36,826,045 Weighted average remaining lease term — operating leases 7.3 years 8.4 years Weighted-average discount rate — operating leases 6.3 % 6.7 %
Lessee, Operating Lease, Liability, Maturity	The following table reports information about the maturity of the Company's operating leases as of March 31, 2021: Operating lease liability maturity analysis FY2022 25,697,140 FY2023 21,366,591 FY2024 17,262,768 FY2025 12,608,028 FY2026 8,874,883 Thereafter 31,311,884 Total undiscounted lease liability $ 117,121,294 Imputed interest 25,403,219 Total discounted lease liability $ 91,718,075

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	Income tax expense (benefit) from continuing operations consists of: Current Deferred Total Year ended March 31, 2021 Continuing Operations- Federal $ 16,443,592 4,077,609 20,521,201 Continuing Operations- State and local 1,025,645 1,573,753 2,599,398 $ 17,469,237 5,651,362 23,120,599 Year ended March 31, 2020 Continuing Operations- Federal $ 3,307,872 (224,604) 3,083,268 Continuing Operations- State and local 2,871,179 797,518 3,668,697 $ 6,179,051 572,914 6,751,965 Year ended March 31, 2019 Continuing Operations- Federal $ 20,508,247 (1,833,943) 18,674,304 Continuing Operations- State and local (871,439) (1,821,808) (2,693,247) $ 19,636,808 (3,655,751) 15,981,057
Income tax expense reconciliation to U.S federal income tax rate to pretax income	The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax expense from continuing operations for March 31, 2021, 2020 and 2019 are summarized as follows: 2021 2020 2019 Expected income tax $ 23,394,720 7,330,983 18,874,500 Increase (reduction) in income taxes resulting from: State tax (excluding state tax credits), net of federal benefit 2,053,524 3,398,271 1,576,915 Federal tax credits (net) (1,173,435) (7,616,236) — State tax credits — (500,000) (3,704,580) Revalue deferred tax assets and liabilities — — (852,523) Uncertain tax positions (2,107,263) (167,455) (183,929) Nondeductible penalties 8,274 4,562,830 2,210 Executive compensation limitation under Section 162(m) 1,203,203 1,305,975 37,457 Excess tax benefits related to equity compensation (996,769) (612,987) (287,703) Prior year adjustments (30,953) (672,358) 106,075 Other, net 769,298 (277,058) 412,635 $ 23,120,599 6,751,965 15,981,057 The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax expense from discontinued operations for March 31, 2021, 2020 and 2019 are summarized as follows: 2021 2020 2019 Expected income tax $ — — 491,783 Increase (reduction) in income taxes resulting from: Foreign income adjustments — — 187,974 Other, net — — (53,174) $ — — 626,583
Tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities	The tax effects of temporary differences from continuing operations that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2021 and 2020 are presented below: 2021 2020 Deferred tax assets: Allowance for credit losses $ 22,908,670 23,900,236 Unearned insurance commissions 10,080,766 9,964,655 Accrued expenses primarily related to employee benefits 13,676,701 12,730,245 Reserve for uncollectible interest 645,113 1,205,082 Lease liability 22,231,591 25,309,841 Foreign tax credit carryforward 3,254,926 3,254,926 Capital loss carryforward 7,928,184 7,784,059 State net operating loss carryforwards 78,358 387,558 Gross deferred tax assets 80,804,309 84,536,602 Less valuation allowance (11,184,384) (11,040,259) Net deferred tax assets 69,619,925 73,496,343 Deferred tax liabilities: Fair value adjustment for loans receivable (12,362,590) (14,065,135) Property and equipment (5,902,421) (5,097,147) Intangible assets (243,574) (925,319) Deferred net loan origination costs (1,268,653) (1,664,486) Prepaid expenses (1,412,337) (1,185,759) Right-of-use asset (21,826,178) (25,045,690) Other (1,611,430) (2,254,822) Gross deferred tax liabilities (44,627,183) (50,238,358) Deferred income taxes, net $ 24,992,742 23,257,985
Reconciliation of the beginning and ending amount of unrecognized tax benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits at March 31, 2021, 2020, and 2019 are presented below: 2021 2020 2019 Unrecognized tax benefit balance beginning of year $ 4,351,811 4,043,623 6,946,229 Gross increases for tax positions of current year 36,541 246,725 54,025 Gross increases (decreases) for tax positions of prior years — 786,674 (138,405) Settlements with tax authorities (1,968,702) — (1,356,714) Lapse of statute of limitations (608,406) (725,211) (1,461,512) Unrecognized tax benefit balance end of year $ 1,811,244 4,351,811 4,043,623

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Summary of basic and diluted average common shares outstanding	The following is a reconciliation of the numerators and denominators of the basic and diluted EPS from continuing operations calculations: For the year ended March 31, 2021 Income Shares Per Share Basic EPS Income from continuing operations available to common shareholders $ 88,282,828 6,493,898 $ 13.59 Effect of dilutive securities options and restricted stock — 178,212 Diluted EPS Income from continuing operations available to common shareholders including dilutive securities $ 88,282,828 6,672,110 $ 13.23 For the year ended March 31, 2020 Income Shares Per Share Amount Basic EPS Income from continuing operations available to common shareholders $ 28,157,478 7,688,242 $ 3.66 Effect of dilutive securities options and restricted stock — 264,658 Diluted EPS Income from continuing operations available to common shareholders including dilutive securities $ 28,157,478 7,952,900 $ 3.54 For the year ended March 31, 2019 Income Shares Per Share Amount Basic EPS Income from continuing operations available to common shareholders $ 73,897,515 8,994,036 $ 8.22 Effect of dilutive securities options and restricted stock — 210,341 Diluted EPS Income from continuing operations available to common shareholders including dilutive securities $ 73,897,515 9,204,377 $ 8.03

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of performance shares, activity	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% Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100%
Schedule of weighted-average assumptions	This fair value was estimated at grant date using the weighted-average assumptions listed below. 2021 2020 2019 Dividend yield 0 % 0 % 0 % Expected volatility 57.53 % 52.28 % 48.94 % Average risk-free interest rate 0.59 % 1.58 % 3.01 % Expected life 6.3 years 6.3 years 6.7 years
Summary schedule of stock option activity	Option activity for the year ended March 31, 2021 was as follows: Shares Weighted Weighted Aggregate Options outstanding, beginning of year 646,728 $ 88.30 Granted 38,473 109.30 Exercised (165,237) 74.25 Forfeited (18,666) 105.14 Expired (1,130) 103.75 Options outstanding, end of period 500,168 $ 93.89 6.29 $ 18,080,095 Options exercisable, end of period 213,095 $ 81.47 4.11 $ 10,300,232
Intrinsic value of options exercised	The total intrinsic value of options exercised during the years ended March 31, 2021, 2020, and 2019 was as follows: 2021 2020 2019 $9,996,167 $5,083,094 $4,433,495
Summary of the status and changes restricted stock	A summary of the status of the Company’s restricted stock as of March 31, 2021 and changes during the year ended March 31, 2021, are presented below: Shares Weighted Average Fair Outstanding at March 31, 2020 705,254 $ 101.47 Granted during the period 52,735 106.28 Vested during the period (83,250) 101.17 Forfeited during the period (60,000) 100.79 Outstanding at March 31, 2021 614,739 $ 101.99
Share-based compensation included as a component of net income	Total stock-based compensation included as a component of net income during the years ended March 31, 2021, 2020, and 2019 was as follows: 2021 2020 2019 Stock-based compensation related to equity classified units: Stock-based compensation related to stock options $ 3,804,674 5,522,883 3,991,967 Stock-based compensation related to restricted stock 15,476,603 23,429,277 13,643,343 Total stock-based compensation related to equity classified awards $ 19,281,277 28,952,160 17,635,310

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table sets forth the acquisition activity of the Company for the years ended March 31, 2021, 2020, and 2019: 2021 2020 2019 Number of branches acquired through business combinations — 38 17 Number of asset purchases 50 140 88 Total acquisitions 50 178 105 Purchase price $ 19,774,252 $ 61,555,973 $ 44,145,787 Tangible assets: Loans receivable, net 15,210,973 47,026,694 33,920,847 Property and equipment — 74,000 1,500 15,210,973 47,100,694 33,922,347 Excess of purchase prices over fair value of net tangible assets $ 4,563,279 $ 14,455,279 $ 10,223,440 Customer lists $ 4,365,779 $ 13,228,951 $ 9,688,440 Non-compete agreements 197,500 890,000 535,000 Goodwill — 336,328 —

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Book value and estimated fair value of the Company's long-term debt	March 31, 2021 March 31, 2020 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 15,746,454 $ 15,746,454 $ 11,618,922 $ 11,618,922 Loans receivable, net 3 733,659,389 733,659,389 804,402,786 804,402,786 LIABILITIES Senior notes payable 3 405,007,500 405,007,500 451,100,000 451,100,000
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: March 31, 2021 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

Quarterly Information (Unaudi_2

Quarterly Information (Unaudited) (Tables)	12 Months Ended
	Mar. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	The following sets forth selected quarterly operating data: Fiscal 2021 Fiscal 2020 First Second Third Fourth First Second Third Fourth (Dollars in thousands, except for earnings per share data) Total revenues $ 123,867 124,441 130,946 146,280 138,441 141,573 146,996 163,018 Provision for credit losses 25,661 26,090 28,857 5,636 41,291 52,968 55,219 32,252 General and administrative expenses 71,608 75,293 77,875 77,411 81,776 78,452 90,558 96,707 Interest expense 5,562 5,893 7,305 6,940 4,403 6,328 7,130 8,035 Income tax expense 5,527 3,767 2,418 11,409 2,363 1,312 356 2,721 Net income (loss) $ 15,509 13,398 14,491 44,884 8,608 2,513 (6,267) 23,303 Net income (loss) per common share: Basic $ 2.26 2.01 2.32 7.25 1.01 0.32 (0.87) 3.23 Diluted $ 2.24 1.96 2.25 6.96 0.97 0.31 (0.87) 3.18

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	12 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Reconciles the major classes of 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: March 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 The following table reconciles the major classes of line items constituting pre-tax income of discontinued operations to the amounts presented in the Consolidated Statements of Operations: Year ended March 31, 2021 2020 2019 Revenues $ — $ — $ 9,693,367 Provision for loan losses — — 1,809,059 General and administrative expenses — — 5,542,483 Income from discontinued operations before disposal of discontinued operations and income taxes — — 2,341,825 Loss on disposal of discontinued operations — — (38,377,623) Income taxes — — 626,583 Loss from discontinued operations $ — $ — $ (36,662,381) The following table presents operating, investing and financing cash flows for the Company’s discontinued operations: Year ended March 31, 2021 2020 2019 Cash provided by operating activities: $ — $ — $ 3,553,854 Cash provided by (used in) investing activities: — — 1,138,084 Cash provided by (used in) financing activities: $ — $ — $ (17,126,000)

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Reconciles the major classes of line items constituting pre-tax income of discontinued operations	The following table reconciles the major classes of assets held for sale to the amounts presented in the Consolidated Balance Sheets: March 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 The following table reconciles the major classes of line items constituting pre-tax income of discontinued operations to the amounts presented in the Consolidated Statements of Operations: Year ended March 31, 2021 2020 2019 Revenues $ — $ — $ 9,693,367 Provision for loan losses — — 1,809,059 General and administrative expenses — — 5,542,483 Income from discontinued operations before disposal of discontinued operations and income taxes — — 2,341,825 Loss on disposal of discontinued operations — — (38,377,623) Income taxes — — 626,583 Loss from discontinued operations $ — $ — $ (36,662,381) The following table presents operating, investing and financing cash flows for the Company’s discontinued operations: Year ended March 31, 2021 2020 2019 Cash provided by operating activities: $ — $ — $ 3,553,854 Cash provided by (used in) investing activities: — — 1,138,084 Cash provided by (used in) financing activities: $ — $ — $ (17,126,000)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Mar. 31, 2021USD ($)branchsegments	Mar. 31, 2020USD ($)branch	Mar. 31, 2019USD ($)branch
Business Segments [Abstract]
Number of reportable segments | segments	1
Cash and Cash Equivalents [Abstract]
Restricted cash	$ 7,000,000	$ 5,400,000
Loans and Interest Income [Abstract]
Gross loans receivable	1,104,746,261	1,209,871,366
Impaired loans [Abstract]
Bankrupt accounts that had not been charged off	3,200,000
Maximum
Loans and Interest Income [Abstract]
Originations	3,500	3,500	$ 3,500
Small loans
Loans and Interest Income [Abstract]
Gross loans receivable	620,959,979	761,364,753
Small loans | Minimum
Loans and Interest Income [Abstract]
Originations	$ 250
Loan term	4 months
Small loans | Maximum
Loans and Interest Income [Abstract]
Originations	$ 2,450
Loan term	30 months
Large loans
Loans and Interest Income [Abstract]
Gross loans receivable	$ 475,470,271	442,683,915
Large loans | Minimum
Loans and Interest Income [Abstract]
Originations	$ 2,500
Loan term	12 months
Large loans | Maximum
Loans and Interest Income [Abstract]
Originations	$ 21,400
Loan term	48 months
Sales finance loans
Loans and Interest Income [Abstract]
Gross loans receivable	$ 8,316,011	$ 5,822,698
Sales finance loans | Minimum
Loans and Interest Income [Abstract]
Originations	$ 100
Loan term	8 months
Sales finance loans | Maximum
Loans and Interest Income [Abstract]
Originations	$ 5,000
Loan term	8 months
United States
Schedule of Subsidiaries Information [Line Items]
Number of offices operated in the United States of America | branch	1,205
Mexico
Schedule of Subsidiaries Information [Line Items]
Number of offices operated in the United States of America | branch		0	0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Useful Lives (Details)	12 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Line Items]
Operating lease, renewal term	5 years
Minimum
Property, Plant and Equipment [Line Items]
Operating lease, term of contract	3 years
Maximum
Property, Plant and Equipment [Line Items]
Operating lease, term of contract	5 years
Building | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	25 years
Building | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	40 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	5 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	10 years
Equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years
Equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Intangible Assets (Details)	12 Months Ended
	Mar. 31, 2021USD ($)statesreporting_unit	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	May 12, 2020USD ($)	Apr. 01, 2020USD ($)	Mar. 31, 2018USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of reporting units | reporting_unit	1
Share Repurchases [Abstract]
Amount authorized for repurchase				$ 30,000,000
Amount remaining for repurchase	$ 21,400,000
Stockholders' equity	$ 404,927,441	$ 411,963,067	$ 552,116,625			$ 541,107,852
Concentration of Risk [Abstract]
Number of states in which entity operates | states	16
Number of states with largest concentration of revenue | states	4
Advertising	$ 17,190,676	24,304,023	22,482,553
Allowance for credit losses	91,722,288	96,487,856	$ 81,519,624			$ 66,088,139
Retained Earnings (Accumulated Deficit)	(149,336,767)	(184,748,490)
Deferred income taxes, net	24,992,742	$ 23,257,985
Revolving Credit Facility
Share Repurchases [Abstract]
Amount outstanding	$ 405,000,000
Revenue Benchmark
Concentration of Risk [Abstract]
Concentration risk percentage	53.00%	56.00%	57.00%
Customer lists
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	9 years 6 months
Customer lists | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	8 years
Customer lists | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	23 years
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	5 years
Noncompete Agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	3 years
Noncompete Agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	5 years 3 months 18 days
Accounting Standards Update 2016-13
Concentration of Risk [Abstract]
Allowance for credit losses	$ 28,600,000				$ 28,600,000
Retained Earnings (Accumulated Deficit)					21,200,000
Deferred income taxes, net					$ 7,400,000

Allowance for Credit Losses a_3

Allowance for Credit Losses and Credit Quality Information (Gross Loans Receivable By Customer Tenure) (Details) - USD ($)	Mar. 31, 2021	Apr. 01, 2020	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,104,746,261		$ 1,209,871,366
Allowance for credit losses	91,722,288		$ 96,487,856	$ 81,519,624	$ 66,088,139
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	8,316,011
Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,104,746,261
Recency Basis | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	8,316,011
0 to 5 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	92,378,094
0 to 5 months | Recency Basis | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	92,378,097
6 to 17 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	106,742,122
6 to 17 months | Recency Basis | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	106,742,121
18 to 35 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	169,361,911
18 to 35 months | Recency Basis | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	169,361,910
36 to 59 months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	130,655,627
36 to 59 months | Recency Basis | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	130,655,627
60+ Months | Recency Basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	597,292,496
60+ Months | Recency Basis | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 597,292,495

Allowance for Credit Losses a_4

Allowance for Credit Losses and Credit Quality Information (Payment Performance On A Contractual Basis) (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,104,746,261	$ 1,209,871,366
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,041,554,654
Financing receivable, between 1 and 2 years ago	52,109,459
Financing receivable, between 2 and 3 years ago	2,527,702
Financing receivable, between 3 and 4 years ago	202,144
Financing receivable, between 4 and 5 years ago	33,223
Financing receivable, more than 5 years ago	3,068
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,096,430,250
Loans | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	21,862,634
Financing receivable, between 1 and 2 years ago	2,011,261
Financing receivable, between 2 and 3 years ago	153,417
Financing receivable, between 3 and 4 years ago	21,426
Financing receivable, between 4 and 5 years ago	3,500
Financing receivable, more than 5 years ago	2,069
Gross loans receivable	24,054,307
Loans | 61-90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	18,039,010
Financing receivable, between 1 and 2 years ago	1,208,936
Financing receivable, between 2 and 3 years ago	88,119
Financing receivable, between 3 and 4 years ago	11,800
Financing receivable, between 4 and 5 years ago	571
Financing receivable, more than 5 years ago	0
Gross loans receivable	19,348,436
Loans | 91 days or more past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	31,126,328
Financing receivable, between 1 and 2 years ago	3,120,210
Financing receivable, between 2 and 3 years ago	183,434
Financing receivable, between 3 and 4 years ago	14,028
Financing receivable, between 4 and 5 years ago	14,708
Financing receivable, more than 5 years ago	168
Gross loans receivable	34,458,876
Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	8,269,742
Financing receivable, between 1 and 2 years ago	45,292
Financing receivable, between 2 and 3 years ago	977
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	8,316,011
Tax Advance Loan | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	686,667
Financing receivable, between 1 and 2 years ago	1,423
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	688,090
Tax Advance Loan | 61-90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	321
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	321
Tax Advance Loan | 91 days or more past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0
Financing receivable, between 1 and 2 years ago	34,509
Financing receivable, between 2 and 3 years ago	656
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	35,165
Performing Financing Receivables
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable		$ 1,104,130,714
Performing Financing Receivables | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	970,526,682
Financing receivable, between 1 and 2 years ago	45,769,052
Financing receivable, between 2 and 3 years ago	2,102,732
Financing receivable, between 3 and 4 years ago	154,890
Financing receivable, between 4 and 5 years ago	14,444
Financing receivable, more than 5 years ago	831
Performing Financing Receivables | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,018,568,631
Performing Financing Receivables | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	7,583,075
Financing receivable, between 1 and 2 years ago	9,360
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	7,592,435
Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,104,746,261
Contractual basis | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,041,554,653
Financing receivable, between 1 and 2 years ago	52,109,459
Financing receivable, between 2 and 3 years ago	2,527,702
Financing receivable, between 3 and 4 years ago	202,145
Financing receivable, between 4 and 5 years ago	33,223
Financing receivable, more than 5 years ago	3,068
Contractual basis | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,096,430,250
Contractual basis | Loans | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	29,300,148
Financing receivable, between 1 and 2 years ago	1,872,816
Financing receivable, between 2 and 3 years ago	72,187
Financing receivable, between 3 and 4 years ago	1,322
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	31,246,473
Contractual basis | Loans | 61-90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	23,075,264
Financing receivable, between 1 and 2 years ago	1,363,196
Financing receivable, between 2 and 3 years ago	75,343
Financing receivable, between 3 and 4 years ago	567
Financing receivable, between 4 and 5 years ago	0
Financing receivable, more than 5 years ago	0
Gross loans receivable	24,514,370
Contractual basis | Loans | 91 days or more past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	40,825,388
Financing receivable, between 1 and 2 years ago	9,211,503
Financing receivable, between 2 and 3 years ago	858,024
Financing receivable, between 3 and 4 years ago	117,183
Financing receivable, between 4 and 5 years ago	31,433
Financing receivable, more than 5 years ago	2,237
Gross loans receivable	51,045,768
Contractual basis | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	8,269,742
Financing receivable, between 1 and 2 years ago	45,292
Financing receivable, between 2 and 3 years ago	977
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	8,316,011
Contractual basis | Tax Advance Loan | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	686,667
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	686,667
Contractual basis | Tax Advance Loan | 61-90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0
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	0
Contractual basis | Tax Advance Loan | 91 days or more past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0
Financing receivable, between 1 and 2 years ago	45,292
Financing receivable, between 2 and 3 years ago	977
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	46,269
Contractual basis | Performing Financing Receivables | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	948,353,853
Financing receivable, between 1 and 2 years ago	39,661,944
Financing receivable, between 2 and 3 years ago	1,522,148
Financing receivable, between 3 and 4 years ago	83,073
Financing receivable, between 4 and 5 years ago	1,790
Financing receivable, more than 5 years ago	831
Contractual basis | Performing Financing Receivables | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	989,623,639
Contractual basis | Performing Financing Receivables | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	7,583,075
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	$ 7,583,075

Allowance for Credit Losses a_5

Allowance for Credit Losses and Credit Quality Information (Summary of Past Due Receivables) (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 1,104,746,261	$ 1,209,871,366
Unearned interest, insurance and fees	279,364,584	308,980,724
Total net loans		900,890,642
Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	8,316,011
Performing Financing Receivables
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans		$ 1,104,130,714
Recency Basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,104,746,261
Unearned interest, insurance and fees	(279,364,584)
Total net loans	$ 825,381,677
Financing receivable, percent past due	7.10%	10.50%
Recency Basis | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 8,316,011
Recency Basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	92,378,094
Recency Basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	106,742,122
Recency Basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	169,361,911
Recency Basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	130,655,627
Recency Basis | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	597,292,496
Recency Basis | Performing Financing Receivables
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,026,161,065
Unearned interest, insurance and fees	(259,492,219)
Total net loans	766,668,846
Recency Basis | Performing Financing Receivables | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	7,592,435
Recency Basis | Performing Financing Receivables | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	72,702,970
Recency Basis | Performing Financing Receivables | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	94,466,209
Recency Basis | Performing Financing Receivables | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	158,217,605
Recency Basis | Performing Financing Receivables | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	123,542,346
Recency Basis | Performing Financing Receivables | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	569,639,500
Recency Basis | 30-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	24,742,398	$ 48,206,910
Unearned interest, insurance and fees	(6,256,776)
Total net loans	$ 18,485,622
Financing receivable, percent past due	2.20%
Recency Basis | 30-60 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 688,090
Recency Basis | 30-60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,799,102
Total Loans	92,378,097
Recency Basis | 30-60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,187,347
Total Loans	106,742,121
Recency Basis | 30-60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,570,696
Total Loans	169,361,910
Recency Basis | 30-60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	2,432,489
Total Loans	130,655,627
Recency Basis | 30-60 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	10,064,674
Total Loans	597,292,495
Recency Basis | 61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	19,348,757	28,450,942
Unearned interest, insurance and fees	(4,892,850)
Total net loans	$ 14,455,907
Financing receivable, percent past due	1.80%
Recency Basis | 61-90 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 321
Recency Basis | 61-90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	5,680,380
Recency Basis | 61-90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	2,798,411
Recency Basis | 61-90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	2,592,402
Recency Basis | 61-90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	1,753,291
Recency Basis | 61-90 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	6,523,952
Recency Basis | 91 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	34,494,041	50,669,837
Unearned interest, insurance and fees	(8,722,739)
Total net loans	$ 25,771,302
Financing receivable, percent past due	3.10%
Recency Basis | 91 days or more past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 35,165
Recency Basis | 91 days or more past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	9,195,642
Recency Basis | 91 days or more past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	6,290,155
Recency Basis | 91 days or more past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,981,208
Recency Basis | 91 days or more past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	2,927,501
Recency Basis | 91 days or more past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	11,064,370
Recency Basis | Total
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	78,585,196	$ 127,327,689
Unearned interest, insurance and fees	(19,872,365)
Total net loans	58,712,831
Recency Basis | Total | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	723,576
Recency Basis | Total | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	19,675,124
Recency Basis | Total | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	12,275,913
Recency Basis | Total | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	11,144,306
Recency Basis | Total | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	7,113,281
Recency Basis | Total | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	27,652,996
Contractual basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,104,746,261
Unearned interest, insurance and fees	(279,364,584)
Total net loans	$ 825,381,677
Financing receivable, percent past due	9.70%	12.80%
Contractual basis | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 8,316,011
Contractual basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	92,378,095
Contractual basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	106,742,121
Contractual basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	169,361,910
Contractual basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	130,655,628
Contractual basis | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	597,292,496
Contractual basis | Performing Financing Receivables
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	997,206,715
Unearned interest, insurance and fees	(252,170,339)
Total net loans	745,036,376
Contractual basis | Performing Financing Receivables | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	7,583,075
Contractual basis | Performing Financing Receivables | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	70,532,439
Contractual basis | Performing Financing Receivables | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	90,679,304
Contractual basis | Performing Financing Receivables | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	153,922,334
Contractual basis | Performing Financing Receivables | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	120,168,698
Contractual basis | Performing Financing Receivables | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	554,320,865
Contractual basis | 30-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	31,933,140	$ 49,137,102
Unearned interest, insurance and fees	(8,075,147)
Total net loans	$ 23,857,993
Financing receivable, percent past due	2.90%
Contractual basis | 30-60 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 686,667
Contractual basis | 30-60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	5,245,878
Contractual basis | 30-60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,936,937
Contractual basis | 30-60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,471,202
Contractual basis | 30-60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,229,253
Contractual basis | 30-60 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	14,363,203
Contractual basis | 61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	24,514,370	35,020,925
Unearned interest, insurance and fees	(6,199,113)
Total net loans	$ 18,315,257
Financing receivable, percent past due	2.20%
Contractual basis | 61-90 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 0
Contractual basis | 61-90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	6,019,264
Contractual basis | 61-90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,267,446
Contractual basis | 61-90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	3,488,629
Contractual basis | 61-90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	2,337,625
Contractual basis | 61-90 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	9,401,406
Contractual basis | 91 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	51,092,036	70,719,727
Unearned interest, insurance and fees	(12,919,985)
Total net loans	$ 38,172,051
Financing receivable, percent past due	4.60%
Contractual basis | 91 days or more past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 46,269
Contractual basis | 91 days or more past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	10,580,514
Contractual basis | 91 days or more past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	8,858,434
Contractual basis | 91 days or more past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	7,479,745
Contractual basis | 91 days or more past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	4,920,052
Contractual basis | 91 days or more past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	19,207,022
Contractual basis | Total
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	107,539,546	$ 154,877,754
Unearned interest, insurance and fees	(27,194,245)
Total net loans	80,345,301
Contractual basis | Total | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	732,936
Contractual basis | Total | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	21,845,656
Contractual basis | Total | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	16,062,817
Contractual basis | Total | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	15,439,576
Contractual basis | Total | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	10,486,930
Contractual basis | Total | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 42,971,631

Allowance for Credit Losses a_6

Allowance for Credit Losses and Credit Quality Information (Nonaccrual) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Uncollected accrued interest reversed	$ 6,200,000	$ 22,400,000
Financing receivable, nonaccrual	61,731,356	61,731,356	$ 83,126,604
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		14,690,456
Nonaccrual status
Financing Receivable, Nonaccrual [Line Items]
Unearned interest, insurance and fees	(20,894,036)	(20,894,036)	(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	46,269	46,269	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	17,191,922	17,191,922	26,040,593
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,705,371
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	13,211,641	13,211,641	17,466,450
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		2,433,144
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	12,088,377	12,088,377	13,723,295
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		2,195,160
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	8,161,951	8,161,951	10,071,288
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,609,059
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	31,925,232	31,925,232	$ 44,293,545
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		6,747,722
60+ Months | 61-90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 0	$ 0

Allowance for Credit Losses a_7

Allowance for Credit Losses and Credit Quality Information (Rollforward of Allowance For Loan Losses) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				$ 96,487,856				$ 81,519,624	$ 96,487,856	$ 81,519,624	$ 66,088,139
Provision for credit losses	$ 5,636,000	$ 28,857,000	$ 26,090,000	25,661,000	$ 32,252,000	$ 55,219,000	$ 52,968,000	41,291,000	86,244,714	181,730,182	148,426,578
Loan losses									(141,270,125)	(183,439,199)	(148,308,199)
Recoveries									21,631,475	16,677,249	15,313,106
Ending Balance	$ 91,722,288				96,487,856				91,722,288	96,487,856	81,519,624
Impact of ASC 326 adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				$ 28,628,368				$ 0	$ 28,628,368	0	0
Ending Balance					$ 28,628,368					$ 28,628,368	$ 0

Allowance for Credit Losses a_8

Allowance for Credit Losses and Credit Quality Information (Summary of Impairment) (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Summary of loans individually and collectively evaluated for impairment [Abstract]
Gross loans in bankruptcy, excluding contractually delinquent		$ 5,165,752
Gross loans contractually delinquent		70,719,727
Loans not contractually delinquent and not in bankruptcy		1,133,985,887
Gross loan balance	$ 1,104,746,261	1,209,871,366
Unearned interest and fees		(308,980,724)
Net loans		900,890,642
Allowance for credit losses	$ (91,722,288)	(96,487,856)	$ (81,519,624)	$ (66,088,139)
Loans, net of allowance for loan losses		804,402,786
Loans individually evaluated for impairment (impaired loans)
Summary of loans individually and collectively evaluated for impairment [Abstract]
Gross loans in bankruptcy, excluding contractually delinquent		5,165,752
Gross loans contractually delinquent		70,719,727
Loans not contractually delinquent and not in bankruptcy		0
Gross loan balance		75,885,479
Unearned interest and fees		(16,848,762)
Net loans		59,036,717
Allowance for credit losses		(54,090,509)
Loans, net of allowance for loan losses		4,946,208
Loans collectively evaluated for impairment
Summary of loans individually and collectively evaluated for impairment [Abstract]
Gross loans in bankruptcy, excluding contractually delinquent		0
Gross loans contractually delinquent		0
Loans not contractually delinquent and not in bankruptcy		1,133,985,887
Gross loan balance		1,133,985,887
Unearned interest and fees		(292,131,962)
Net loans		841,853,925
Allowance for credit losses		(42,397,347)
Loans, net of allowance for loan losses		$ 799,456,578

Allowance for Credit Losses a_9

Allowance for Credit Losses and Credit Quality Information (Payment Performance On A Recency Basis) (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,104,746,261	$ 1,209,871,366
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,041,554,654
Financing receivable, between 1 and 2 years ago	52,109,459
Financing receivable, between 2 and 3 years ago	2,527,702
Financing receivable, between 3 and 4 years ago	202,144
Financing receivable, between 4 and 5 years ago	33,223
Financing receivable, more than 5 years ago	3,068
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,096,430,250
Loans | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	21,862,634
Financing receivable, between 1 and 2 years ago	2,011,261
Financing receivable, between 2 and 3 years ago	153,417
Financing receivable, between 3 and 4 years ago	21,426
Financing receivable, between 4 and 5 years ago	3,500
Financing receivable, more than 5 years ago	2,069
Gross loans receivable	24,054,307
Loans | 61-90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	18,039,010
Financing receivable, between 1 and 2 years ago	1,208,936
Financing receivable, between 2 and 3 years ago	88,119
Financing receivable, between 3 and 4 years ago	11,800
Financing receivable, between 4 and 5 years ago	571
Financing receivable, more than 5 years ago	0
Gross loans receivable	19,348,436
Loans | 91 days or more past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	31,126,328
Financing receivable, between 1 and 2 years ago	3,120,210
Financing receivable, between 2 and 3 years ago	183,434
Financing receivable, between 3 and 4 years ago	14,028
Financing receivable, between 4 and 5 years ago	14,708
Financing receivable, more than 5 years ago	168
Gross loans receivable	34,458,876
Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	8,269,742
Financing receivable, between 1 and 2 years ago	45,292
Financing receivable, between 2 and 3 years ago	977
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	8,316,011
Tax Advance Loan | 30-60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	686,667
Financing receivable, between 1 and 2 years ago	1,423
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	688,090
Tax Advance Loan | 61-90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0
Financing receivable, between 1 and 2 years ago	0
Financing receivable, between 2 and 3 years ago	321
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	321
Tax Advance Loan | 91 days or more past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0
Financing receivable, between 1 and 2 years ago	34,509
Financing receivable, between 2 and 3 years ago	656
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	35,165
Performing Financing Receivables
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable		$ 1,104,130,714
Performing Financing Receivables | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	970,526,682
Financing receivable, between 1 and 2 years ago	45,769,052
Financing receivable, between 2 and 3 years ago	2,102,732
Financing receivable, between 3 and 4 years ago	154,890
Financing receivable, between 4 and 5 years ago	14,444
Financing receivable, more than 5 years ago	831
Performing Financing Receivables | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,018,568,631
Performing Financing Receivables | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	7,583,075
Financing receivable, between 1 and 2 years ago	9,360
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	$ 7,592,435

Allowance for Credit Losses _10

Allowance for Credit Losses and Credit Quality Information (Assessment of Credit Quality) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Impaired loans	$ 57,200,000	$ 47,000,000
Gross loans receivable	1,209,871,366		$ 1,104,746,261
New borrower
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	124,800,193
Former borrower
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	127,108,125
Refinance
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	935,448,882
Delinquent refinance
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	22,514,166
Performing Financing Receivables
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,104,130,714
Nonperforming Financing Receivables
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	105,740,652
Consumer loans- non-bankrupt accounts
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,203,552,152
Consumer loans- bankrupt accounts
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 6,319,214

Allowance for Credit Losses _11

Allowance for Credit Losses and Credit Quality Information (Summary of Past Due Receivables) (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Contractual basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	9.70%	12.80%
Contractual basis | 30-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	2.90%
Financing receivable, past due	$ 31,933,140	$ 49,137,102
Contractual basis | 61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	2.20%
Financing receivable, past due	$ 24,514,370	35,020,925
Contractual basis | 91 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	4.60%
Financing receivable, past due	$ 51,092,036	70,719,727
Contractual basis | Total
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 107,539,546	$ 154,877,754
Recency Basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	7.10%	10.50%
Recency Basis | 30-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	2.20%
Financing receivable, past due	$ 24,742,398	$ 48,206,910
Recency Basis | 61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	1.80%
Financing receivable, past due	$ 19,348,757	28,450,942
Recency Basis | 91 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, percent past due	3.10%
Financing receivable, past due	$ 34,494,041	50,669,837
Recency Basis | Total
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, past due	$ 78,585,196	$ 127,327,689

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 72,718,010	$ 68,525,287
Less accumulated depreciation and amortization	(46,377,973)	(43,764,179)
Total	26,340,037	24,761,108
Depreciation	6,945,581	7,147,966	$ 6,608,348
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	100,443	100,443
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	17,882,214	17,048,098
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 54,735,353	$ 51,376,746

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 65,029,892	$ 60,466,612
Accumulated Amortization	(41,492,375)	(36,018,135)
Net Intangible Asset	23,537,517	24,448,477
Estimated amortization expense for intangible assets for future years [Abstract]
2022	4,800,000
2023	4,200,000
2024	4,000,000
2025	3,700,000
2026	3,100,000
Thereafter	3,800,000
Cost of acquiring existing customers
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	54,777,749	50,411,969
Accumulated Amortization	(32,322,607)	(27,215,464)
Net Intangible Asset	22,455,142	23,196,505
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,252,143	10,054,643
Accumulated Amortization	(9,169,768)	(8,802,671)
Net Intangible Asset	$ 1,082,375	$ 1,251,972

Goodwill (Details)

Goodwill (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Balance at beginning of year:
Goodwill	$ 7,450,422	$ 7,114,094
Accumulated goodwill impairment losses	(79,631)	(79,631)
Goodwill, net	7,370,791	7,370,791	$ 7,034,463
Goodwill acquired during the year	0	336,328
Impairment losses	0	0
Balance at end of year:
Goodwill	7,450,422	7,450,422
Accumulated goodwill impairment losses	(79,631)	(79,631)
Goodwill, net	$ 7,370,791	$ 7,370,791	$ 7,034,463

Notes Payable (Details)

Notes Payable (Details)	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)	Sep. 30, 2020	Dec. 31, 2020USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)
Line of Credit Facility [Line Items]
Accordion feature permitting the maximum aggregate commitments to increase	$ 685,000,000			$ 685,000,000
Standby letters of credit	$ 300,000			$ 300,000
Extension period				1 year
Commitment fee percentage				0.50%
Unused borrowing capacity fee				$ 1,300,000	$ 1,000,000	$ 1,100,000
Effective interest rate	5.80%			5.80%	5.80%	6.70%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 685,000,000			$ 685,000,000
Amount outstanding	405,000,000			$ 405,000,000
Expiration date				Jun. 7, 2024
Unused amount available	181,400,000			$ 181,400,000
Minimum net worth	$ 325,000,000		$ 365,000,000
Fixed conversion ratio	2.75	2.25
Maximum ratio to total debt				2
Maximum collateral performance indicator percentage				24.00%
Expiration period				60 days
Minimum
Line of Credit Facility [Line Items]
Interest rate	3.50%			3.50%
Maximum
Line of Credit Facility [Line Items]
Interest rate	4.50%			4.50%

Notes Payable (Debt Maturities)

Notes Payable (Debt Maturities) (Details)	Mar. 31, 2021USD ($)
Aggregate annual maturities of notes payable [Abstract]
2022	$ 0
2023	0
2024	0
2025	405,007,500
2026	0
Total future debt payments	$ 405,007,500

Insurance and Other Income (Det

Insurance and Other Income (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Components of Other Income [Line Items]
Insurance and other income	$ 74,419,765	$ 81,702,244	$ 75,388,648
Insurance commissions
Components of Other Income [Line Items]
Insurance and other income	44,214,454	50,360,730	45,182,596
Tax return preparation revenue
Components of Other Income [Line Items]
Insurance and other income	18,098,087	20,936,447	21,454,117
Auto club membership revenue
Components of Other Income [Line Items]
Insurance and other income	7,863,145	6,254,748	4,452,018
Other
Components of Other Income [Line Items]
Insurance and other income	$ 4,244,079	$ 4,150,319	$ 4,299,917

Insurance and Other Income (Rei

Insurance and Other Income (Reinsurance Contracts) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Insurance Commissions and other income [Abstract]
Net written premiums	$ 5.9	$ 6.6	$ 5.6
Earned premiums	6	6.2	$ 5.7
Cash reserves	$ 4	$ 4.7

Non-filing Insurance (Details)

Non-filing Insurance (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Non-file Insurance [Abstract]
Insurance premiums written	$ 7,072,647	$ 8,251,927	$ 6,164,871
Recoveries on claims paid	959,620	1,001,288	996,482
Claims paid	$ 5,223,484	$ 7,570,126	$ 6,553,271

Leases (Details)

Leases (Details)	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Operating Leased Assets [Line Items]
Effective interest rate	5.80%	5.80%	6.70%
Minimum
Operating Leased Assets [Line Items]
Operating lease, term of contract	3 years
Maximum
Operating Leased Assets [Line Items]
Operating lease, term of contract	5 years

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating Leases [Abstract]
Operating lease cost	$ 27,977,226	$ 26,244,323
Short-term lease cost	1,800	4,500
Variable lease cost	3,621,748	3,376,275
Total lease cost	31,600,774	29,625,098
Cash paid for amounts included in the measurement of lease liabilities	27,559,260	25,618,886
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 12,482,167	$ 36,826,045
Weighted average remaining lease term — operating leases	7 years 3 months 18 days	8 years 4 months 24 days
Weighted-average discount rate — operating leases	6.30%	6.70%

Leases (Maturities Of Operating

Leases (Maturities Of Operating Lease ) (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
FY2022	$ 25,697,140
FY2023	21,366,591
FY2024	17,262,768
FY2025	12,608,028
FY2026	8,874,883
Thereafter	31,311,884
Total undiscounted lease liability	117,121,294
Imputed interest	25,403,219
Total discounted lease liability	$ 91,718,075	$ 102,759,386

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended								9 Months Ended		12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Income Tax Contingency [Line Items]
Tax expenses									$ 850,000	$ 10,500,000
Income tax expense	$ 11,409,000	$ 2,418,000	$ 3,767,000	$ 5,527,000	$ 2,721,000	$ 356,000	$ 1,312,000	$ 2,363,000			$ 23,120,599	$ 6,751,965	$ 15,981,057
U.S. federal income tax rate (in hundredths)													21.00%
Increased deferred tax asset valuation allowance											144,125		$ 7,900,000
State net operating loss carryforwards	78,358				387,558						78,358	387,558
Valuation allowance	11,184,384				11,040,259						11,184,384	11,040,259
Foreign tax credit carryforward	3,254,926				3,254,926						3,254,926	3,254,926
Total gross unrecognized tax benefits including interest	3,100,000				5,800,000						3,100,000	5,800,000	5,800,000
Unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate	2,600,000				5,200,000						2,600,000	5,200,000	5,400,000
Gross unrecognized tax benefit expected to resolved	700,000										700,000
Accrued gross interest	1,200,000				1,400,000						1,200,000	1,400,000	1,800,000
Current period gross interest expense											300,000	(100,000)	1,100,000
Capital loss carryforward	7,928,184				7,784,059						7,928,184	7,784,059
Other loss carryforward					700,000							700,000
Discontinued Operations, Disposed of by Sale
Income Tax Contingency [Line Items]
Income tax expense											0	0	$ 626,583
Domestic Tax Authority
Income Tax Contingency [Line Items]
Operating loss carryforwards					2,200,000							2,200,000
Operating loss subject to expiration					1,000							1,000
Colorado | Domestic Tax Authority
Income Tax Contingency [Line Items]
Operating loss subject to expiration	54,318										54,318
Valuation allowance	$ 1,274										$ 1,274
Mexico
Income Tax Contingency [Line Items]
Tax expenses									$ 4,900,000
Capital loss carryforward					$ 37,100,000							$ 37,100,000

Income Taxes (Income Tax Expens

Income Taxes (Income Tax Expense Benefit) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Deferred Income Tax Expense (Benefit) [Abstract]
Deferred income tax benefit									$ 5,651,362	$ 572,914	$ (3,655,751)
Income Tax Expense (Benefit) [Abstract]
Income tax expenses (benefit)	$ 11,409,000	$ 2,418,000	$ 3,767,000	$ 5,527,000	$ 2,721,000	$ 356,000	$ 1,312,000	$ 2,363,000	23,120,599	6,751,965	15,981,057
Discontinued Operations, Disposed of by Sale
Income Tax Expense (Benefit) [Abstract]
Income tax expenses (benefit)									0	0	626,583
Continuing Operations
Current Income Tax Expense (Benefit) [Abstract]
U.S. Federal									16,443,592	3,307,872	20,508,247
State and local									1,025,645	2,871,179	(871,439)
Current income tax expense									17,469,237	6,179,051	19,636,808
Deferred Income Tax Expense (Benefit) [Abstract]
U.S. Federal									4,077,609	(224,604)	(1,833,943)
State and local									1,573,753	797,518	(1,821,808)
Deferred income tax benefit									5,651,362	572,914	(3,655,751)
Income Tax Expense (Benefit) [Abstract]
U.S. Federal									20,521,201	3,083,268	18,674,304
State and local									2,599,398	3,668,697	(2,693,247)
Income tax expenses (benefit)									$ 23,120,599	$ 6,751,965	$ 15,981,057

Income Taxes (Income Tax Reconc

Income Taxes (Income Tax Reconciliation) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Income tax expense reconciliation to U.S. federal tax rate [Abstract]
Expected income tax									$ 23,394,720	$ 7,330,983	$ 18,874,500
Increase (reduction) in income taxes resulting from:
State tax (excluding state tax credits), net of federal benefit									2,053,524	3,398,271	1,576,915
Federal tax credits (net)									1,173,435	7,616,236	0
State tax credits									0	(500,000)	(3,704,580)
Revalue deferred tax assets and liabilities									0	0	(852,523)
Uncertain tax positions									(2,107,263)	(167,455)	(183,929)
Nondeductible penalties									8,274	4,562,830	2,210
Executive compensation limitation under Section 162(m)									1,203,203	1,305,975	37,457
Excess tax benefits related to equity compensation									(996,769)	(612,987)	(287,703)
Prior year adjustments									(30,953)	(672,358)	106,075
Other, net									769,298	(277,058)	412,635
Foreign income adjustments									0	0	626,583
Income tax expenses (benefit)	$ 11,409,000	$ 2,418,000	$ 3,767,000	$ 5,527,000	$ 2,721,000	$ 356,000	$ 1,312,000	$ 2,363,000	23,120,599	6,751,965	15,981,057
Discontinued Operations, Disposed of by Sale
Income tax expense reconciliation to U.S. federal tax rate [Abstract]
Expected income tax									0	0	491,783
Increase (reduction) in income taxes resulting from:
Other, net									0	0	(53,174)
Foreign income adjustments									0	0	187,974
Income tax expenses (benefit)									$ 0	$ 0	$ 626,583

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Deferred tax assets:
Allowance for credit losses	$ 22,908,670	$ 23,900,236
Unearned insurance commissions	10,080,766	9,964,655
Accrued expenses primarily related to employee benefits	13,676,701	12,730,245
Reserve for uncollectible interest	645,113	1,205,082
Lease liability	22,231,591	25,309,841
Foreign tax credit carryforward	3,254,926	3,254,926
Capital loss carryforward	7,928,184	7,784,059
State net operating loss carryforwards	78,358	387,558
Gross deferred tax assets	80,804,309	84,536,602
Less valuation allowance	(11,184,384)	(11,040,259)
Net deferred tax assets	69,619,925	73,496,343
Deferred tax liabilities:
Fair value adjustment for loans receivable	(12,362,590)	(14,065,135)
Property and equipment	(5,902,421)	(5,097,147)
Intangible assets	(243,574)	(925,319)
Deferred net loan origination costs	(1,268,653)	(1,664,486)
Prepaid expenses	(1,412,337)	(1,185,759)
Right-of-use asset	(21,826,178)	(25,045,690)
Other	(1,611,430)	(2,254,822)
Gross deferred tax liabilities	(44,627,183)	(50,238,358)
Deferred income taxes, net	$ 24,992,742	$ 23,257,985

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Reconciliation of the beginning and ending amount of unrecognized tax benefits [Roll Forward]
Unrecognized tax benefit balance beginning of year	$ 4,351,811	$ 4,043,623	$ 6,946,229
Gross increases for tax positions of current year	36,541	246,725	54,025
Gross increases (decreases) for tax positions of prior years	0	(786,674)	(138,405)
Settlements with tax authorities	(1,968,702)	0	(1,356,714)
Lapse of statute of limitations	(608,406)	(725,211)	(1,461,512)
Unrecognized tax benefit balance end of year	$ 1,811,244	$ 4,351,811	$ 4,043,623

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Income (Numerator)
Income from continuing operations	$ 88,282,828	$ 28,157,478	$ 73,897,515
Shares (Denominator)
Income available to common shareholders (in shares)	6,493,898	7,688,242	8,994,036
Effect of dilutive securities options and restricted stock (in shares)	178,212	264,658	210,341
Income available to common shareholders, diluted (in shares)	6,672,110	7,952,900	9,204,377
Per Share Amount
Income from continuing operations available to common shareholders, Basic (in dollar per share)	$ 13.59	$ 3.66	$ 8.22
Income from continuing operations available to common shareholders, dilutive (in dollar per share)	$ 13.23	$ 3.54	$ 8.03
Antdilutive securities (in shares)	608,087	656,347	592,947

Benefit Plans (Details)

Benefit Plans (Details)	Oct. 15, 2018	Mar. 31, 2021USD ($)quarterinstallmentshares	Mar. 31, 2021USD ($)quarterinstallment$ / sharesshares	Mar. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2019USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum contribution from employer			50.00%
Employer matching contribution, percent			6.00%
Employer contribution, percent of match			3.00%
Amount of cost recognized			$ 1,600,000	$ 1,600,000	$ 1,500,000
Annual salary increase used for estimating unfunded liability		3.50%
Discount rate used for estimating unfunded liability		6.00%	6.00%
Retirement age used for estimating unfunded liability		65
Stock Option Plans
Number of shares available for grant (in shares) | shares		170,377	170,377
Percentage of shares subject to performance shares			100.00%
Weighted-average fair value at the grant date | $ / shares			$ 58.48	$ 57.69	$ 53.50
Restricted Stock
Granted during the period (in dollars per share) | $ / shares					$ 101.61
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Stock-based compensation			$ 19,281,278	$ 28,952,161	$ 17,635,309
Stock Options Plans
Stock Option Plans
Shares of authorized common stock reserved for issuance (in shares) | shares		3,350,000	3,350,000
Compensation Cost Not yet Recognized
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 8 months 12 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			3 years 8 months 12 days
Stock-based compensation			$ 3,804,674	$ 5,522,883	$ 3,991,967
Restricted Stock
Stock Option Plans
Number of installments | installment		6	6
Restricted Stock
Granted during the period (in shares) | shares			52,735	11,223	760,420
Granted during the period (in dollars per share) | $ / shares			$ 106.28	$ 90.23
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Stock-based compensation			$ 15,476,603	$ 23,429,277	$ 13,643,343
Unrecognized compensation cost related to unvested restricted stock		$ 27,200,000	27,200,000
Equity Classified Awards
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Stock-based compensation			$ 19,281,277	28,952,160	17,635,310
Performance Shares
Stock Option Plans
Vesting period	10 years
Number of consecutive quarters | quarter		4	4
Compensation Cost Not yet Recognized
Weighted average period for recognition			2 years 6 months
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			2 years 6 months
Service Options
Stock Option Plans
Vesting period			10 years
Number of installments | installment		6	6
Maximum | Stock Options Plans
Stock Option Plans
Expiration period			10 years
Vesting period			6 years
Supplemental Employee Retirement Plans, Defined Benefit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pension and other postretirement benefits cost (reversal of cost)			$ 550,000	580,000	$ 650,000
Unfunded liability		$ 6,400,000	$ 6,400,000	$ 6,800,000

Benefit Plans (Stock Grant Fair

Benefit Plans (Stock Grant Fair Value Assumptions) (Details) - $ / shares	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%
Expected volatility	57.53%	52.28%	48.94%
Average risk-free interest rate	0.59%	1.58%	3.01%
Expected life	6 years 3 months 18 days	6 years 3 months 18 days	6 years 8 months 12 days
Target 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Targets (in dollars per share)	$ 16.35
Restricted Stock Eligible for Vesting (in hundredths)	40.00%
Target 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Targets (in dollars per share)	$ 20.45
Restricted Stock Eligible for Vesting (in hundredths)	60.00%
Target 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Targets (in dollars per share)	$ 25.30
Restricted Stock Eligible for Vesting (in hundredths)	100.00%

Benefit Plans (Option activity)

Benefit Plans (Option activity) (Details) - Stock Options Plans - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)	646,728
Granted (in shares)	38,473
Exercised (in shares)	(165,237)
Forfeited (in shares)	(18,666)
Expired (in shares)	(1,130)
Options outstanding, end of period (in shares)	500,168	646,728
Options exercisable, end of period (in shares)	213,095
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)	$ 88.30
Granted (in dollars per share)	109.30
Exercised (in dollars per share)	74.25
Forfeited (in dollars per share)	105.14
Expired (in dollars per share)	103.75
Options outstanding, end of period (in dollars per share)	93.89	$ 88.30
Options exercisable, end of period (in dollars per share)	$ 81.47
Stock Option Activity Additional Disclosures
Weighted-average remaining contractual term, Options outstanding, end of period	6 years 3 months 14 days
Weighted-average remaining contractual terms, Options exercisable, end of period	4 years 1 month 9 days
Aggregate intrinsic value, Options outstanding, end of period	$ 18,080,095
Aggregate intrinsic value, Options exercisable, end of period	10,300,232
Intrinsic value of options exercised	$ 9,996,167	$ 5,083,094	$ 4,433,495

Benefit Plans (Restricted stock

Benefit Plans (Restricted stock) (Details) - $ / shares	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Granted during the period (in dollars per share)			$ 101.61
Restricted Stock
Summary of the status and changes in restricted stock [Roll Forward]
Outstanding at beginning of period (in shares)	705,254
Granted during the period (in shares)	52,735	11,223	760,420
Vested during the period (in shares)	83,250
Forfeited during the period (in shares)	60,000
Outstanding at end of period (in shares)	614,739	705,254
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at beginning of period (in dollars per share)	$ 101.47
Granted during the period (in dollars per share)	106.28	$ 90.23
Vested during the period (in dollars per share)	101.17
Forfeited during the period (in dollars per share)	100.79
Outstanding at end of period (in dollars per share)	$ 101.99	$ 101.47

Benefit Plans (Stock-based comp

Benefit Plans (Stock-based compensation) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 19,281,278	$ 28,952,161	$ 17,635,309
Stock Options Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	3,804,674	5,522,883	3,991,967
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	15,476,603	23,429,277	13,643,343
Equity Classified Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 19,281,277	$ 28,952,160	$ 17,635,310

Acquisitions (Details)

Acquisitions (Details)	12 Months Ended
	Mar. 31, 2021USD ($)acquisition	Mar. 31, 2020USD ($)acquisition	Mar. 31, 2019USD ($)acquisition
Business Acquisition [Line Items]
Number of branches acquired through business combinations | acquisition	0	38	17
Number of asset purchases | acquisition	50	140	88
Total acquisitions | acquisition	50	178	105
Loans receivable, net	$ 15,210,973	$ 47,026,694	$ 33,920,847
Property and equipment	0	74,000	1,500
Tangible assets	15,210,973	47,100,694	33,922,347
Excess of purchase prices over fair value of net tangible assets	4,563,279	14,455,279	10,223,440
Customer lists	4,365,779	13,228,951	9,688,440
Non-compete agreements	197,500	890,000	535,000
Goodwill	$ 0	336,328	0
Average loan life	8 months
Series of Business Acquisitions
Business Acquisition [Line Items]
Purchase price	$ 19,774,252	$ 61,555,973	$ 44,145,787

Fair Value (Details)

Fair Value (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Average loan life	8 months
Senior notes payable	$ 405,007,500	$ 451,100,000
Impairment loss		251,000
Fair Value, Inputs, Level 1 | Book value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	15,746,454	11,618,922
Fair Value, Inputs, Level 1 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	15,746,454	11,618,922
Fair Value, Inputs, Level 3 | Book value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, net	733,659,389	804,402,786
Fair Value, Inputs, Level 3 | Book value | Senior notes payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes payable	405,007,500	451,100,000
Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, net	733,659,389	804,402,786
Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement | Senior notes payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes payable	405,007,500	451,100,000
Fair Value, Inputs, Level 2 | Book value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale	1,143,528	3,991,498
Fair Value, Inputs, Level 2 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale	$ 1,143,528	$ 3,991,498

Quarterly Information (Unaudi_3

Quarterly Information (Unaudited) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Selected Quarterly Financial Information [Abstract]
Total revenues	$ 146,280,000	$ 130,946,000	$ 124,441,000	$ 123,867,000	$ 163,018,000	$ 146,996,000	$ 141,573,000	$ 138,441,000	$ 525,533,267	$ 590,029,015	$ 544,542,925
Provision for credit losses	5,636,000	28,857,000	26,090,000	25,661,000	32,252,000	55,219,000	52,968,000	41,291,000	86,244,714	181,730,182	148,426,578
General and administrative expenses	77,411,000	77,875,000	75,293,000	71,608,000	96,707,000	90,558,000	78,452,000	81,776,000	302,186,290	347,493,260	288,303,715
Interest expense	6,940,000	7,305,000	5,893,000	5,562,000	8,035,000	7,130,000	6,328,000	4,403,000	25,698,836	25,896,130	17,934,060
Income tax expense	11,409,000	2,418,000	3,767,000	5,527,000	2,721,000	356,000	1,312,000	2,363,000	23,120,599	6,751,965	15,981,057
Income (loss) from discontinued operations									0	0	(36,662,381)
Net income	$ 44,884,000	$ 14,491,000	$ 13,398,000	$ 15,509,000	$ 23,303,000	$ (6,267,000)	$ 2,513,000	$ 8,608,000	$ 88,282,828	$ 28,157,478	$ 37,235,134
Earnings per share:
Basic (in dollars per share)	$ 7.25	$ 2.32	$ 2.01	$ 2.26	$ 3.23	$ (0.87)	$ 0.32	$ 1.01	$ 13.59	$ 3.66	$ 4.14
Diluted (in dollars per share)	$ 6.96	$ 2.25	$ 1.96	$ 2.24	$ 3.18	$ (0.87)	$ 0.31	$ 0.97	$ 13.23	$ 3.54	$ 4.05

Assets Held for Sale (Details)

Assets Held for Sale (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2020USD ($)building	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)
Property, Plant and Equipment [Abstract]
Number of buildings sold | building	2
Number of buildings | building	3
Gain (Loss) on Sale of Properties	$ (37,579)
Impairment loss		$ 251,000
Total assets held for sale		$ 3,991,498	$ 1,143,528

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019	Jul. 01, 2018
Discontinued Operations and Disposal Groups [Abstract]
Consideration for disposal				$ 44,400,000
Revenues	$ 0	$ 0	$ 9,693,367
Provision for loan losses	0	0	1,809,059
General and administrative expenses	0	0	5,542,483
Income from discontinued operations before disposal of discontinued operations and income taxes	0	0	2,341,825
Loss on disposal of discontinued operations	0	0	(38,377,623)
Income taxes (benefit)	0	0	626,583
Income (loss) from discontinued operations	0	0	(36,662,381)
Cash provided by operating activities:	0	0	3,553,854
Cash provided by (used in) investing activities:	0	0	1,138,084
Cash provided by (used in) financing activities:	$ 0	$ 0	$ (17,126,000)