World Acceptance (WRLD) 10-Q 4 Feb 22 2022 Q3 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	9 Months Ended
	Dec. 31, 2021	Jan. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	000-19599
Entity Registrant Name	WORLD ACCEPTANCE CORP
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	57-0425114
Entity Address, Address Line One	104 S Main Street
Entity Address, City or Town	Greenville,
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29601
City Area Code	(864)
Local Phone Number	298-9800
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	WRLD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,546,203
Entity Central Index Key	0000108385
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Mar. 31, 2021
ASSETS
Cash and cash equivalents	$ 18,667,639	$ 15,746,454
Gross loans receivable	1,606,111,453	1,104,746,261
Less:
Unearned interest, insurance and fees	(433,432,489)	(279,364,584)
Allowance for credit losses	(133,281,196)	(91,722,288)
Loans receivable, net	1,039,397,768	733,659,389
Operating lease right‐of‐use assets, net (Note 6)	86,097,524	90,055,572
Finance lease right‐of‐use assets, net (Note 6)	708,203	1,013,901
Property and equipment, net	24,530,719	25,326,136
Deferred income taxes, net	34,808,153	24,992,742
Other assets, net	37,596,701	31,423,134
Goodwill	7,370,791	7,370,791
Intangible assets, net	21,027,359	23,537,517
Assets held for sale (Note 2)	0	1,143,528
Total assets	1,270,204,857	954,269,164
Liabilities:
Senior notes payable	425,174,040	405,007,500
Senior unsecured notes payable, net	295,142,754	0
Income taxes payable	1,591,376	11,575,861
Operating lease liability (Note 6)	87,677,147	91,132,722
Finance lease liability (Note 6)	146,305	585,353
Accounts payable and accrued expenses	51,066,970	41,040,287
Total liabilities	860,798,592	549,341,723
Commitments and contingencies (Notes 6 and 12)
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 6,637,093 and 6,805,294 shares at December 31, 2021 and March 31, 2021, respectively	0	0
Additional paid-in capital	274,991,975	255,590,674
Retained earnings	134,414,290	149,336,767
Total shareholders' equity	409,406,265	404,927,441
Total liabilities and shareholders' equity	$ 1,270,204,857	$ 954,269,164

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Mar. 31, 2021
Shareholders' equity:
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	95,000,000	95,000,000
Common stock, shares issued (in shares)	6,637,093	6,805,294
Common stock, shares outstanding (in shares)	6,637,093	6,805,294

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Interest and fee income	$ 128,147,374	$ 114,885,857	$ 355,435,289	$ 333,632,164
Insurance and other income, net	20,424,437	16,059,793	60,622,784	45,621,340
Total revenues	148,571,811	130,945,650	416,058,073	379,253,504
Expenses:
Provision for credit losses	56,458,533	28,857,443	128,767,870	80,608,470
General and administrative expenses:
Personnel	44,383,906	46,699,999	136,361,580	138,154,915
Occupancy and equipment	12,613,622	15,058,226	39,155,558	41,755,200
Advertising	6,847,777	6,660,129	15,902,321	14,527,909
Amortization of intangible assets	1,275,784	1,377,250	3,736,113	4,045,496
Other	9,108,390	8,079,467	27,413,963	26,292,070
Total general and administrative expenses	74,229,479	77,875,071	222,569,535	224,775,590
Interest expense	10,166,125	7,304,531	22,380,850	18,759,198
Total expenses	140,854,137	114,037,045	373,718,255	324,143,258
Income before income taxes	7,717,674	16,908,605	42,339,818	55,110,246
Income taxes	390,942	2,417,999	6,802,166	11,711,371
Net income	$ 7,326,732	$ 14,490,606	$ 35,537,652	$ 43,398,875
Net income per common share:
Basic (in dollars per share)	$ 1.20	$ 2.32	$ 5.81	$ 6.58
Diluted (in dollars per share)	$ 1.14	$ 2.25	$ 5.53	$ 6.44
Weighted average common shares outstanding:
Basic (in shares)	6,118,591	6,233,961	6,119,971	6,593,135
Diluted (in shares)	6,403,788	6,452,385	6,424,067	6,743,649

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Mar. 31, 2020			7,807,834
Beginning balances at Mar. 31, 2020	$ 411,963,067	$ (21,242,249)		$ 227,214,577	$ 184,748,490	$ (21,242,249)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			33,776
Proceeds from exercise of stock options	2,255,824			2,255,824
Common stock repurchases (in shares)			(1,024,870)
Common stock repurchases	(88,848,296)				(88,848,296)
Restricted common stock expense under stock option plan (in shares)			50,962
Restricted common stock expense under stock option plan	8,347,347			8,347,347
Stock option expense	2,987,621			2,987,621
Net income	43,398,875				43,398,875
Ending balance (in shares) at Dec. 31, 2020			6,765,778
Ending balances at Dec. 31, 2020	358,862,189			240,805,369	118,056,820
Beginning balance (in shares) at Sep. 30, 2020			7,002,080
Beginning balances at Sep. 30, 2020	367,275,151			237,547,566	129,727,585
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			18,205
Proceeds from exercise of stock options	1,248,999			1,248,999
Common stock repurchases (in shares)			(238,452)
Common stock repurchases	(26,161,371)				(26,161,371)
Restricted common stock expense under stock option plan (in shares)			16,055
Restricted common stock expense under stock option plan	1,154,157			1,154,157
Stock option expense	854,647			854,647
Net income	14,490,606				14,490,606
Ending balance (in shares) at Dec. 31, 2020			6,765,778
Ending balances at Dec. 31, 2020	358,862,189			240,805,369	118,056,820
Beginning balance (in shares) at Mar. 31, 2021			6,805,294
Beginning balances at Mar. 31, 2021	404,927,441			255,590,674	149,336,767
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			143,103
Proceeds from exercise of stock options	11,715,720			11,715,720
Common stock repurchases (in shares)			(289,158)
Common stock repurchases	(50,460,129)				(50,460,129)
Restricted common stock expense under stock option plan (in shares)			(22,146)
Restricted common stock expense under stock option plan	5,168,510			5,168,510
Stock option expense	2,517,071			2,517,071
Net income	35,537,652				35,537,652
Ending balance (in shares) at Dec. 31, 2021			6,637,093
Ending balances at Dec. 31, 2021	409,406,265			274,991,975	134,414,290
Beginning balance (in shares) at Sep. 30, 2021			6,724,140
Beginning balances at Sep. 30, 2021	419,007,341			272,572,177	146,435,164
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			31,981
Proceeds from exercise of stock options	3,033,142			3,033,142
Common stock repurchases (in shares)			(93,722)
Common stock repurchases	(19,347,606)				(19,347,606)
Restricted common stock expense under stock option plan (in shares)			(25,306)
Restricted common stock expense under stock option plan	(1,277,438)			(1,277,438)
Stock option expense	664,094			664,094
Net income	7,326,732				7,326,732
Ending balance (in shares) at Dec. 31, 2021			6,637,093
Ending balances at Dec. 31, 2021	$ 409,406,265			$ 274,991,975	$ 134,414,290

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Issuance of restricted common stock under stock option plan (in shares)	$ 4,922,017	$ 2,889,656	$ 5,072,230	$ 3,173,735

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flow from operating activities:
Net income	$ 35,537,652	$ 43,398,875
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on assets held for sale	38,633	0
Amortization of intangible assets	3,736,113	4,045,496
Amortization of investment in historic tax credits	2,950,970	1,302,288
Amortization of debt issuance costs	698,667	489,582
Provision for credit losses	128,767,870	80,608,470
Depreciation	5,027,288	7,294,907
Loss (gain) on sale of property and equipment	368,589	(153,338)
Deferred income tax expense (benefit)	(9,815,411)	4,136,893
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	12,757,811	14,508,703
Change in accounts:
Other assets, net	(9,058,328)	(1,154,320)
Income taxes payable	(9,984,485)	(4,112,382)
Accounts payable and accrued expenses	10,026,683	(18,969,426)
Net cash provided by operating activities	171,052,052	131,408,699
Cash flows from investing activities:
Increase in loans receivable, net	(424,875,137)	(106,901,743)
Net assets acquired from acquisitions, primarily loans	(9,631,112)	(14,364,043)
Increase in intangible assets from acquisitions	(1,225,955)	(4,483,180)
Purchases of property and equipment	(4,480,906)	(8,985,589)
Proceeds from sale of assets held for sale	1,104,895	2,810,391
Proceeds from sale of property and equipment	186,145	222,725
Net cash used in investing activities	(438,922,070)	(131,252,112)
Cash flow from financing activities:
Borrowings from senior notes payable	407,216,540	283,576,750
Payments on senior notes payable	(387,050,000)	(195,076,750)
Issuance of senior unsecured notes payable	300,000,000	0
Debt issuance costs associated with senior unsecured notes payable	(5,119,649)	0
Debt issuance costs associated with senior notes payable	0	(376,750)
Proceeds from exercise of stock options	11,715,720	2,255,824
Payments for taxes related to net share settlement of equity awards	(5,072,230)	(3,173,735)
Repayment of finance lease	(439,048)	(441,890)
Repurchase of common stock	(50,460,130)	(88,848,296)
Net cash provided by (used in) financing activities	270,791,203	(2,084,847)
Net change in cash and cash equivalents	2,921,185	(1,928,260)
Cash and cash equivalents at beginning of period	15,746,454	11,618,922
Cash and cash equivalents at end of period	18,667,639	9,690,662
Supplemental Disclosures:
Interest paid during the period	16,020,205	17,723,748
Income taxes paid during the period	$ 26,884,025	$ 12,101,860

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements of the Company at December 31, 2021 and for the three and nine months then ended were prepared in accordance with the instructions for Form 10-Q and are unaudited; however, in the opinion of management all adjustments (consisting only of items of a normal, recurring nature) necessary for a fair presentation of the financial position at December 31, 2021, and the results of operations and cash flows for the periods ended December 31, 2021 and 2020, have been included. The results for the interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amount of revenue and expenses during the reporting period. Actual results could differ from those estimates. The consolidated financial statements do not include all disclosures required by GAAP and should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the fiscal year ended March 31, 2021, included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021, as filed with the SEC. The Company applies the accounting policies contained in Note 1 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended March 31, 2021. The Company believes that the disclosures are adequate to make the information presented not misleading. Certain reclassifications have been made to the amounts previously reported to conform to the current period presentation.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	9 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE In the fourth quarter of fiscal 2020 the Company moved its corporate headquarters from properties it owned outright in Greenville, South Carolina to leased office space in downtown Greenville, South Carolina. Under ASC 360-10, the properties met the criteria for classification as held for sale as of March 31, 2020. During the second quarter of fiscal 2021 the Company completed the sale of two of the three buildings held for sale. During the second quarter of fiscal 2022 the Company completed the sale of the last held for sale building, and recorded a $39.0 thousand loss on sale which is included as a component of Insurance and other income, net in the consolidated statements of operations. The following table reconciles the major classes of assets held for sale to the amounts presented in the Consolidated Balance Sheets: December 31, 2021 March 31, 2021 Assets held for sale: Property and equipment, net $ — $ 1,143,528 Total assets held for sale $ — $ 1,143,528

SUMMARY OF SIGNIFICANT POLICIES

SUMMARY OF SIGNIFICANT POLICIES	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT POLICIES	SUMMARY OF SIGNIFICANT POLICIES Nature of Operations The Company is a small-loan consumer finance company headquartered in Greenville, South Carolina that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company offers income tax return preparation services to its loan customers and other individuals. Seasonality The Company's loan volume and corresponding loans receivable follow seasonal trends. The Company's highest loan demand generally occurs from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Loan volume and average balances remain relatively level during the remainder of the year. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results for the Company's third fiscal quarter are generally lower than in other quarters and operating results for its fourth fiscal quarter are generally higher than in other quarters. Loans receivable, net Loans receivable 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. 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. Allowance for credit losses Refer to Note 5, “Finance Receivables and Allowance for Credit Losses,” in this Quarterly Report on Form 10-Q for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes. Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity. Recently 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.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Dec. 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 measured on a recurring or nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Company measures the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value measurements are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are: • Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less active. • Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity’s own assumptions. The Company’s financial instruments consist of cash and cash equivalents, loans receivable, net, senior notes payable, and senior unsecured notes payable. Loans receivable are originated at prevailing market rates and have an average life of approximately eight months. Given the short-term nature of these loans, they are continually repriced at current market rates. The Company’s revolving credit facility has a variable rate based on a margin over LIBOR and reprices with any changes in LIBOR. The fair value of the senior unsecured notes payable is estimated based on quoted prices in markets that are not active. The Company also considers its creditworthiness in its estimation of fair value. The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. December 31, 2021 March 31, 2021 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 18,667,639 $ 18,667,639 $ 15,746,454 $ 15,746,454 Loans receivable, net 3 1,039,397,768 1,039,397,768 733,659,389 733,659,389 LIABILITIES Senior unsecured notes payable 2 300,000,000 301,500,000 — — Senior notes payable 3 425,174,040 425,174,040 405,007,500 405,007,500 The carrying amounts and estimated fair values of amounts the Company measures at fair value on a non-recurring basis, which are limited to the Company's assets held for sale, are summarized below. December 31, 2021 March 31, 2021 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Assets held for sale 2 $ — $ — $ 1,143,528 $ 1,143,528 The Company re-valued its corporate headquarters in Greenville, South Carolina as of March 31, 2020 in conjunction with its reclassification of the related assets as held for sale. The observable inputs the Company used in its revaluation were the agreed-upon prices to sell the assets. There were no other significant assets or liabilities measured at fair value on a non-recurring basis as of December 31, 2021 or March 31, 2021.

FINANCE RECEIVABLES AND ALLOWAN

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES	FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure December 31, 2021 March 31, 2021 0 to 5 months $ 221,068,385 $ 92,378,097 6 to 17 months 129,269,609 106,742,121 18 to 35 months 232,252,594 169,361,910 36 to 59 months 214,113,248 130,655,627 60+ months 809,305,528 597,292,495 Tax advance loans 102,089 8,316,011 Total gross loans $ 1,606,111,453 $ 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 table provides a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at December 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,391,805,121 $ 43,464,472 $ 3,311,801 $ 142,004 $ 18,087 $ 6,424 $ 1,438,747,909 30 - 60 days past due 60,477,887 3,190,374 429,991 31,452 13,250 — 64,142,954 61 - 90 days past due 37,137,360 2,066,364 232,506 27,958 7,083 — 39,471,271 91 or more days past due 57,977,118 5,220,263 410,537 30,133 8,967 212 63,647,230 Total $ 1,547,397,486 $ 53,941,473 $ 4,384,835 $ 231,547 $ 47,387 $ 6,636 $ 1,606,009,364 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 11,639 $ — $ — $ — $ — $ — 11,639 30 - 60 days past due 5,205 — — — — — 5,205 61 - 90 days past due 9,292 — — — — — 9,292 91 or more days past due 73,240 2,549 164 — — — 75,953 Total $ 99,376 $ 2,549 $ 164 $ — $ — $ — $ 102,089 Total gross loans $ 1,606,111,453 The following table provides 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 Total 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 table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at December 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,371,742,328 $ 39,499,813 $ 2,733,628 $ 78,643 $ 6,860 $ 739 $ 1,414,062,011 30 - 60 days past due 64,429,119 2,166,680 147,860 2,106 — — 66,745,765 61 - 90 days past due 42,456,180 1,898,732 130,531 1,357 — — 44,486,800 91 or more days past due 68,769,859 10,376,248 1,372,816 149,441 40,527 5,897 80,714,788 Total $ 1,547,397,486 $ 53,941,473 $ 4,384,835 $ 231,547 $ 47,387 $ 6,636 $ 1,606,009,364 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 126 $ — $ — $ — $ — $ — $ 126 30 - 60 days past due 1,375 — — — — — 1,375 61 - 90 days past due 4,266 — — — — — 4,266 91 or more days past due 93,609 2,549 164 — — — 96,322 Total $ 99,376 $ 2,549 $ 164 $ — $ — $ — $ 102,089 Total gross loans $ 1,606,111,453 The following table provides 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 presents a roll forward of the allowance for credit losses on our gross loans receivable for the three and nine months ended December 31, 2021 and 2020: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Beginning balance 114,660,240 $ 109,601,359 $ 91,722,288 $ 96,487,856 Impact of ASC 326 adoption — — — 28,628,368 Provision for credit losses 56,458,533 28,857,443 128,767,870 80,608,470 Charge-offs (42,359,511) (29,239,780) (102,226,061) (106,865,225) Recoveries 4,521,934 4,248,339 15,017,099 14,607,892 Net charge-offs (37,837,577) (24,991,441) (87,208,962) (92,257,333) Ending Balance $ 133,281,196 $ 113,467,361 $ 133,281,196 $ 113,467,361 The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at December 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 $ 172,004,649 $ 16,169,844 $ 12,618,184 $ 20,275,708 $ 49,063,736 $ 221,068,385 6 to 17 months 109,037,255 6,981,112 4,478,060 8,773,182 20,232,354 129,269,609 18 to 35 months 205,079,885 10,179,964 6,236,507 10,756,238 27,172,709 232,252,594 36 to 59 months 197,597,921 7,067,994 3,793,106 5,654,227 16,515,327 214,113,248 60+ months 755,028,199 23,744,042 12,345,414 18,187,873 54,277,329 809,305,528 Tax advance loans 11,638 5,205 9,292 75,954 90,451 102,089 Total gross loans 1,438,759,547 64,148,161 39,480,563 63,723,182 167,351,906 1,606,111,453 Unearned interest, insurance and fees (388,270,148) (17,311,312) (10,654,403) (17,196,626) (45,162,341) (433,432,489) Total net loans $ 1,050,489,399 $ 46,836,849 $ 28,826,160 $ 46,526,556 $ 122,189,565 $ 1,172,678,964 Percentage of period-end gross loans receivable 4.0% 2.5% 4.0% 10.4% 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 table is an aging analysis on a contractual basis at amortized cost of the Company’s gross loans receivable at December 31, 2021: Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 169,809,788 $ 16,270,280 $ 12,982,498 $ 22,005,819 $ 51,258,597 $ 221,068,385 6 to 17 months 106,743,212 6,875,450 4,810,849 10,840,098 22,526,397 129,269,609 18 to 35 months 200,583,467 10,575,890 7,169,828 13,923,409 31,669,127 232,252,594 36 to 59 months 194,361,605 7,316,480 4,590,054 7,845,109 19,751,643 214,113,248 60+ months 742,563,943 25,707,664 14,933,572 26,100,349 66,741,585 809,305,528 Tax advance loans 125 1,375 4,266 96,323 101,964 102,089 Total gross loans 1,414,062,140 66,747,139 44,491,067 80,811,107 192,049,313 1,606,111,453 Unearned interest, insurance and fees (381,605,195) (18,012,684) (12,006,560) (21,808,050) (51,827,294) (433,432,489) Total net loans $ 1,032,456,945 $ 48,734,455 $ 32,484,507 $ 59,003,057 $ 140,222,019 $ 1,172,678,964 Percentage of period-end gross loans receivable 4.2% 2.8% 5.0% 12.0 % The following table is an aging analysis on a contractual basis at amortized cost of the Company’s gross loans receivable at March 31, 2021: Days Past Due - Contractual Basis Customer Tenure 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 December 31, 2021, the Company reversed a total of $9.7 million of unpaid accrued interest against interest income. During the nine months ended December 31, 2021, the Company reversed a total of $20.3 million of unpaid accrued interest against interest income. The following table presents the amortized cost basis of loans on nonaccrual status as of the beginning of the reporting period and the end of the reporting period and the amortized cost basis of nonaccrual loans without related expected credit loss. It also shows year-to-date interest income recognized on nonaccrual loans: Nonaccrual Financial Assets Customer Tenure As of December 31, 2021 As of March 31, 2021 Financial Assets 61 Days or More Past Due, Not on Nonaccrual Status Nonaccrual Financial Assets With No Allowance as of December 31, 2021 Interest Income 0 to 5 months $ 35,412,925 $ 17,256,243 $ — $ — $ 858,871 6 to 17 months 15,914,402 13,153,363 — — 1,151,316 18 to 35 months 21,651,091 12,048,132 — — 1,414,201 36 to 59 months 12,890,209 8,156,159 — — 978,378 60+ months 42,629,042 31,947,750 — — 3,782,122 Tax advance loans 126,905 46,269 — — — Unearned interest, insurance and fees (34,711,208) (20,889,617) — — Total $ 93,913,366 $ 61,718,299 $ — $ — $ 8,184,888

LEASES

LEASES	9 Months Ended
	Dec. 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,” to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2021 for a description of the Company's accounting policy regarding useful lives. The Company uses its effective annual interest rate, adjusted for certain assumptions, as the discount rate when evaluating leases under Topic 842. Management applies the adjusted effective annual interest rate to leases entered for the entirety of the subsequent year. Based on its historical practice, the Company believes it is reasonably certain to exercise a given option associated with a given office space lease. Therefore, the Company classifies all lease options for office space as “reasonably certain” unless it has specific knowledge to the contrary for a given lease. The Company does not believe it is reasonably certain to exercise any options associated with its office equipment leases. Periodic Disclosures The Company's leases consist of real estate leases for office space as well as office equipment leases, most of which were classified as operating at December 31, 2021. Both the real estate and office equipment leases primarily range from three years to five years, and generally contain options to extend which mirror the original terms of the lease. The following table reports information about the Company's lease cost for the three and nine months ended December 31, 2021 and 2020: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Lease Cost Finance lease cost $ 105,639 $ 115,359 $ 323,880 $ 353,254 Amortization of right-of-use assets 101,906 101,906 305,718 305,718 Interest on lease liabilities 3,733 13,453 18,162 47,536 Operating lease cost $ 6,723,789 $ 6,939,330 $ 20,421,780 $ 21,027,265 Short-term lease cost — — — 1,800 Variable lease cost 904,015 882,559 2,690,848 2,659,932 Total lease cost $ 7,733,443 $ 7,937,248 $ 23,436,508 $ 24,042,251 The following table reports other information about the Company's leases for the three and nine months ended December 31, 2021 and 2020: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,825,474 $ 7,008,686 $ 20,796,373 $ 21,184,138 Operating cash flows from finance leases 3,733 13,453 18,162 47,536 Operating cash flows from operating leases 6,684,414 6,845,544 20,339,163 20,694,712 Financing cash flows from finance leases 137,327 149,689 439,048 441,890 Right-of-use assets obtained in exchange for new finance lease liabilities — — — — Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,763,875 $ 2,116,215 $ 11,840,569 $ 9,748,709 Weighted-average remaining lease term — finance leases 0.5 years 1.0 years 0.5 years 1.0 years Weighted average remaining lease term — operating leases 7.1 years 7.3 years 7.1 years 7.3 years Weighted-average discount rate (monthly) — finance leases 6.1 % 6.4 % 6.1 % 6.4 % Weighted-average discount rate — operating leases 6.1 % 6.3 % 6.1 % 6.3 % The following table reports information about the maturity of the Company's operating and finance leases as of December 31, 2021: Operating Lease Finance Lease Fiscal 2022 $ 6,514,101 $ 66,239 Fiscal 2023 23,364,391 80,066 Fiscal 2024 19,340,503 — Fiscal 2025 14,814,558 — Fiscal 2026 10,936,674 — Fiscal 2027 6,811,037 — Thereafter 27,573,596 — Total undiscounted lease liability 109,354,860 146,305 Imputed interest 21,677,713 — Total discounted lease liability $ 87,677,147 $ 146,305 The Company had no leases with related parties at December 31, 2021 or March 31, 2021.

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION	9 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
AVERAGE SHARE INFORMATION	AVERAGE SHARE INFORMATION The following is a summary of the basic and diluted average common shares outstanding: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Basic: Weighted average common shares outstanding (denominator) 6,118,591 6,233,961 6,119,971 6,593,135 Diluted: Weighted average common shares outstanding 6,118,591 6,233,961 6,119,971 6,593,135 Dilutive potential common shares 285,197 218,424 304,096 150,514 Weighted average diluted shares outstanding (denominator) 6,403,788 6,452,385 6,424,067 6,743,649 Options to purchase 376,307 and 629,086 shares of common stock at various prices were outstanding during the three months ended December 31, 2021 and 2020 respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Incentive Plans The Company has a 2008 Stock Option Plan, a 2011 Stock Option Plan and a 2017 Stock Incentive Plan for the benefit of certain non-employee directors, officers, and key employees. Under these plans, a total of 3,350,000 shares of common stock have been authorized and reserved for issuance pursuant to grants approved by the Compensation Committee of the Board of Directors. Stock options granted under these plans have a maximum duration of 10 years, may be subject to certain vesting requirements, which are generally three Stock-based compensation is recognized as provided under FASB ASC Topic 718-10 and FASB ASC Topic 505-50. FASB ASC Topic 718-10 requires all share-based payments to employees, including grants of employee stock options, to be recognized as compensation expense over the requisite service period (generally the vesting period) in the consolidated financial statements based on their grant date fair values. The Company has applied the Black-Scholes valuation model in determining the grant date fair value of the stock option awards. Compensation expense is recognized only for those options expected to vest. Long-term Incentive Program and Non-Employee Director Awards On October 15, 2018, the Compensation Committee and Board approved and adopted a new long-term incentive program that sought to motivate and reward certain employees and to align management’s interest with shareholders' interest by focusing executives on the achievement of long-term results. The program is comprised of four components: Service Options, Performance Options, Restricted Stock, and Performance Shares. Pursuant to this program, the Compensation Committee approved certain grants of Service Options, Performance Options, Restricted Stock and Performance Shares under the World Acceptance Corporation 2011 Stock Option Plan and the World Acceptance Corporation 2017 Stock Incentive Plan to certain employee directors, vice presidents of operations, vice presidents, senior vice presidents, and executive officers. Separately, the Compensation Committee approved certain grants of Service Options and Restricted Stock to certain of the Company's non-employee directors. Under the long-term incentive program, up to 100% of the shares of restricted stock subject to the Performance Shares shall vest, if at all, based on the achievement of two trailing earnings per share performance targets established by the Compensation Committee that are based on earnings per share (measured at the end of each calendar quarter, commencing with the calendar quarter ending September 30, 2019) for the previous four calendar quarters. The Performance Shares are eligible to vest over the Performance Share Measurement Period and subject to each respective employee’s continued employment at the Company through the last day of the applicable Performance Share Measurement Period (or as otherwise provided under the terms of the applicable award agreement or applicable employment agreement). The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for Restricted Stock Eligible for Vesting $16.35 40% $20.45 60% The Restricted Stock awards vest in six equal annual installments, beginning on the first anniversary of the grant date, subject to each respective employee’s continued employment at the Company through each applicable vesting date or otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The Service Options vest in six equal annual installments, beginning on the first anniversary of the grant date, subject to each respective employee’s continued employment at the Company through each applicable vesting date or otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Service Options have a 10-year term. The Performance Options will fully vest if the Company attains the trailing earnings per share target over four consecutive calendar quarters occurring between September 30, 2018 and March 31, 2025 described below. Such performance target was established by the Compensation Committee and will be measured at the end of each calendar quarter commencing on September 30, 2019. The Performance Options are eligible to vest over the Option Measurement Period, subject to each respective employee’s continued employment at the Company through the last day of the Option Measurement Period or as otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Performance Options have a 10-year term. The Performance Option performance target is set forth below. Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100% Stock Options The weighted-average fair value at the grant date for options issued during the three months ended December 31, 2021 and 2020 was $101.73 and $56.55, respectively. The weighted-average fair value at the grant date for options issued during the nine months ended December 31, 2021 and 2020 was $97.65 and $50.42, respectively. Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Dividend Yield —% —% —% —% Expected Volatility 55.71% 57.09% 58.11% 56.48% Average risk-free rate 1.22% 0.43% 0.92% 0.38% Expected Life 6.0 years 6.0 years 6.1 years 6.2 years The expected stock price volatility is based on the historical volatility of the Company's common stock for a period approximating the expected life. The expected life represents the period of time that options are expected to be outstanding after the grant date. The risk-free rate reflects the interest rate at grant date on zero coupon U.S. governmental bonds having a remaining life similar to the expected option term. Option activity for the nine months ended December 31, 2021 was as follows: Shares Weighted Average Exercise Weighted Average Aggregate Intrinsic Value Options outstanding, beginning of period 500,168 $ 93.89 Granted during period 19,642 181.58 Exercised during period (143,103) 81.87 Forfeited during period (18,948) 99.00 Expired during period — — Options outstanding, end of period 357,759 $ 103.24 6.6 years $ 50,868,725 Options exercisable, end of period 110,675 $ 89.86 4.8 years $ 17,218,134 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on December 31, 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 December 31, 2021. This amount will change as the market price of the common stock changes. The total intrinsic value of options exercised during the periods ended December 31, 2021 and 2020 was as follows: December 31, December 31, Three months ended $ 4,529,120 $ 718,343 Nine months ended $ 16,070,389 $ 1,215,063 As of December 31, 2021, total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $6.8 million, which is expected to be recognized over a weighted-average period of approximately 2.5 years. Restricted Stock During the first nine months of fiscal 2022, the Company granted 4,062 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 $188.38 per share. During fiscal 2021, the Company granted 52,735 shares of restricted stock (which are equity classified) to certain vice presidents with a grant date weighted average fair value of $106.28 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 $3.6 million and $4.0 million for the three months ended December 31, 2021 and 2020, respectively, which is included as a component of general and administrative expenses in the Company’s consolidated statements of operations. The Company recognized compensation expense of $10.2 million and $11.5 million for the nine months ended December 31, 2021 and 2020, respectively, which is included as a component of general and administrative expenses in the Company’s consolidated statements of operations. As of December 31, 2021, there was approximately $17.8 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 1.8 years based on current estimates. A summary of the status of the Company’s restricted stock as of December 31, 2021, and changes during the nine months ended December 31, 2021, are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2021 614,739 $ 101.99 Granted during the period 4,062 188.38 Vested during the period (66,299) 102.93 Forfeited during the period — — Outstanding at December 31, 2021 552,502 $ 102.51 Total Stock-Based Compensation Total stock-based compensation included as a component of net income during the three and nine month periods ended December 31, 2021 and 2020 was as follows: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 664,094 $ 854,647 $ 2,517,071 $ 2,987,621 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 3,644,579 4,043,813 10,240,740 11,521,082 Total stock-based compensation related to equity classified awards $ 4,308,673 $ 4,898,460 $ 12,757,811 $ 14,508,703

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS The Company evaluates each set of assets and activities it acquires to determine if the set meets the definition of a business according to FASB ASC Topic 805-10-55. Acquisitions meeting the definition of a business are accounted for as a business combination while all other acquisitions are accounted for as asset purchases. The following table sets forth the Company's acquisition activity for the nine months ended December 31, 2021 and 2020. Nine months ended December 31, 2021 2020 Acquisitions: Number of branches acquired through business combinations — — Number of loan portfolios acquired through asset purchases 50 48 Total acquisitions 50 48 Purchase price $ 10,859,984 $ 18,847,223 Tangible assets: Loans receivable, net 9,631,112 14,364,042 Property and equipment — — Total tangible assets 9,631,112 14,364,042 Excess of purchase prices over carrying value of net tangible assets $ 1,228,872 $ 4,483,181 Customer lists $ 952,872 4,300,681 Non-compete agreements $ 276,000 182,500 Goodwill $ — — Acquisitions that are accounted for as business combinations typically result in one or more new branches. In such cases, the Company typically retains the existing employees and the branch location from the acquisition. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. The remainder is allocated to goodwill. Acquisitions that are accounted for as asset purchases are typically limited to acquisitions of loan portfolios. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. In an asset purchase, no goodwill is recorded. The Company’s acquisitions include tangible assets (generally loans and furniture and equipment) and intangible assets (generally non-compete agreements, customer lists, and goodwill), both of which are recorded at their fair values, which are estimated pursuant to the processes described below. Acquired loans are valued at the net loan balance. Given the short-term nature of these loans, generally eight months, and that these loans are priced at current rates, management believes the net loan balances approximate their fair value. Under CECL, acquired loans are included in the reserve calculations for all other loan types (excluding TALs). Management includes recent acquisition activity compared to historical activity when considering reasonable and supportable forecasts as it relates to assessing the adequacy of the allowance for expected credit losses. The Company did not acquire any loans that would qualify as PCD's during the period. Furniture and equipment are valued at the specific purchase price as agreed to by both parties at the time of acquisition, which management believes approximates their fair values. Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates their fair value. Customer lists are valued with a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs in accordance with FASB ASC Topic 360-10-05. If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance. In most acquisitions, the original fair value of the customer list allocated to a branch is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial. The results of all acquisitions have been included in the Company’s Consolidated Financial Statements since the respective acquisition date. The pro forma impact of these branches as though they had been acquired at the beginning of the periods presented would not have a material effect on the results of operations as reported.

DEBT

DEBT	9 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
DEBT	DEBT Senior Notes Payable; Revolving Credit Facility At December 31, 2021, the Company had a $685.0 million senior revolving credit facility. The revolving credit facility was amended in connection with the Company’s Notes offering (described below) on September 27, 2021 to permit the issuance of the Notes described below and increase the amount of permitted borrowings under the accordion feature from $685.0 million to $785.0 million. At December 31, 2021, $425.2 million was outstanding under the Company's revolving credit facility, not including a $300.0 thousand outstanding standby letter of credit related to workers compensation under a $1.5 million sub-facility. To the extent that the letter of credit is drawn upon, the disbursement will be funded by the credit facility. There are no amounts due related to the letter of credit as of December 31, 2021. The letter of credit expired 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 of 3.5% 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 $1.0 million and $1.1 million for the nine months ended December 31, 2021 and 2020, respectively. The amended and restated revolving credit agreement provides for a process to transition to a new benchmark interest rate from LIBOR. For the nine months ended December 31, 2021 and fiscal year ended March 31, 2021, the Company’s effective interest rate, including the commitment fee and amortization of debt issuance costs, was 5.5% annualized and 5.8%, respectively, and the unused amount available under the revolving credit facility at December 31, 2021 was $259.5 million. Borrowings under the revolving credit facility mature on June 7, 2024. Substantially all of the Company’s assets are pledged as collateral for borrowings under the revolving credit agreement. Senior Unsecured Notes Payable On September 27, 2021, we issued $300 million in aggregate principal amount of 7.0% senior notes due 2026 (the “Notes”). The Notes were sold in a private placement in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Notes are unconditionally guaranteed, jointly and severally, on a senior unsecured basis by all of the Company’s existing and certain of its future subsidiaries that guarantee the revolving credit facility. Interest on the notes is payable semi-annually in arrears on May 1 and November 1 of each year, commencing May 1, 2022. At any time prior to November 1, 2023, the Company may redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount plus a make-whole premium, as described in the indenture, plus accrued and unpaid interest, if any, to, but not including, the date of redemption. At any time on or after November 1, 2023, the Company may redeem the Notes at redemption prices set forth in the indenture, plus accrued and unpaid interest, if any, to, but not including, the date of redemption. In addition, at any time prior to November 1, 2023, the Company may use the proceeds of certain equity offerings to redeem up to 40.0% of the aggregate principal amount of the Notes issued under the indenture at a redemption price equal to 107.0% of the principal amount of Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the date of redemption. We used the net proceeds from this offering to repay a portion of the outstanding indebtedness under our revolving credit facility and for general corporate purposes. Debt Covenants The agreement governing the Company’s revolving credit facility contains affirmative and negative covenants, including covenants that generally restrict the ability of the Company and its subsidiaries to, among other things, incur or guarantee indebtedness, incur liens, pay dividends and repurchase or redeem capital stock, dispose of assets, engage in mergers and consolidations, make acquisitions or other investments, redeem or prepay subordinated debt, amend subordinated debt documents, make changes in the nature of its business, and engage in transactions with affiliates. The agreement also contains financial covenants, including: (i) a minimum consolidated net worth of $325,000,000; (ii) a minimum fixed charge coverage ratio of 2.75 to 1.0 (iii) a maximum ratio of total debt to consolidated adjusted net worth of 2.5 to 1.0; and (iv) a maximum collateral performance indicator of 24.0%, as of the end of each calendar month. The collateral performance indicator is equal to the sum of (a) a three-month rolling average rate of receivables at least sixty days past due and (b) an eight-month rolling average net charge-off rate. The agreement allows the Company to incur subordinated debt that matures after the termination date for the revolving credit facility and that contains specified subordination terms, subject to limitations on amount imposed by the financial covenants under the agreement. The Company was in compliance with these covenants at December 31, 2021 and March 31, 2021 and does not believe that these covenants will materially limit its business and expansion strategy. The revolving credit agreement contains events of default including, without limitation, nonpayment of principal, interest or other obligations, violation of covenants, misrepresentation, cross-default and cross-acceleration to other debt, bankruptcy and other insolvency events, judgments, certain ERISA events, actual or asserted invalidity of loan documentation, invalidity of subordination provisions of subordinated debt, certain changes of control of the Company, and the occurrence of certain regulatory events (including the entry of any stay, order, judgment, ruling or similar event related to the Company’s or any of its subsidiaries’ originating, holding, pledging, collecting or enforcing its eligible finance receivables that is material to the Company or any subsidiary) which remains unvacated, undischarged, unbonded or unstayed by appeal or otherwise for a period of 60 days from the date of its entry and is reasonably likely to cause a material adverse change. If it is determined that a violation of any applicable law has occurred, such violation may give rise to an event of default under our credit agreement if such violation were to result in a material adverse change on our business, operations, results of operations, assets, liabilities, or condition (financial or otherwise), or a material impairment of the Company’s and the subsidiaries’ ability to perform their obligations under the agreement or related documents, or if the amount of any settlement, penalties, fines, or other payments resulted in the Company failing to satisfy any financial covenants. The indenture governing the Notes contains certain covenants that, among other things, limit the Company’s ability and the ability of its restricted subsidiaries to (i) incur additional indebtedness or issue certain disqualified stock and preferred stock; (ii) pay dividends or distributions or redeem or purchase capital stock; (iii) prepay subordinated debt or make certain investments; (iv) transfer and sell assets; (v) create or permit to exist liens; (vi) enter into agreements that restrict dividends, loans and other distributions from their subsidiaries; (vii) engage in a merger, consolidation or sell, transfer or otherwise dispose of all or substantially all of their assets; and (viii) engage in transactions with affiliates. However, these covenants are subject to a number of important detailed qualifications and exceptions.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES As of December 31, 2021 and March 31, 2021, the Company had $2.1 million and $3.1 million, respectively, of total gross unrecognized tax benefits including interest. Approximately $2.0 million and $2.6 million, respectively, represent the amount of net unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. At December 31, 2021, approximately $1.3 million of gross unrecognized tax benefits are expected to be resolved during the next twelve months through the expiration of the statute of limitations and settlement with taxing authorities. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. As of December 31, 2021, the Company had approximately $496.2 thousand accrued for gross interest and reversed $747.9 thousand during the nine months ended December 31, 2021. The Company is subject to U.S. income taxes, as well as various other state and local jurisdictions. With the exception of a few states, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2017, although carryforward attributes that were generated prior to 2017 may still be adjusted upon examination by the taxing authorities if they either have been or will be used in a future period. The Company’s effective income tax rate totaled 5.1% for the quarter ended December 31, 2021 compared to 14.3% for the prior year quarter. The decrease is primarily due to the permanent tax benefit related to non-qualified stock option exercises and vesting of restricted stock as discrete items in the current quarter, the recognition of Federal Historic Tax Credits in the current quarter and lower than estimated Federal Historic Tax Credits for fiscal 2020 with the provision to return adjustment being treated as a discrete item in the prior year quarter. This was partially offset by an increase in the disallowed executive compensation under Section 162(m) in the current quarter.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Derivative Litigation On September 25, 2020, a shareholder filed a derivative complaint in South Carolina state court, Paul Parshall v. World Acceptance et al ., against the Company as the nominal defendant and certain current and former directors and officers as defendants. Pointing to the Company’s resolution with the SEC and DOJ of the Mexico investigation previously disclosed, the complaint alleges violations of South Carolina law, including breaches of fiduciary duties and corporate waste, and that the Company has suffered damages as a result of those alleged breaches. The complaint seeks unspecified monetary damages from the individual defendants, equitable and/or injunctive relief, disgorgement of compensation from the individual defendants, and attorneys’ fees and costs. Because the complaint is derivative in nature, it does not seek monetary damages from the Company. However, the Company may be required to advance, and ultimately be responsible for, the legal fees and costs incurred by the individual defendants. General In addition, from time to time the Company is involved in litigation matters relating to claims arising out of its operations in the normal course of business. Estimating an amount or range of possible losses resulting from litigation, government actions and other legal proceedings is inherently difficult and requires an extensive degree of judgment, particularly where the matters involve indeterminate claims for monetary damages, may involve fines, penalties or damages that are discretionary in amount, involve a large number of claimants or significant discretion by regulatory authorities, represent a change in regulatory policy or interpretation, present novel legal theories, are in the early stages of the proceedings, are subject to appeal or could result in a change in business practices. In addition, because most legal proceedings are resolved over extended periods of time, potential losses are subject to change due to, among other things, new developments, changes in legal strategy, the outcome of intermediate procedural and substantive rulings and other parties’ settlement posture and their evaluation of the strength or weakness of their case against us. However, in light of the inherent uncertainties involved, an adverse outcome in one or more of these matters could materially and adversely affect the Company’s financial condition, results of operations or cash flows in any particular reporting period.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Dec. 31, 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 POLICI_2

SUMMARY OF SIGNIFICANT POLICIES (Policies)	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Company is a small-loan consumer finance company headquartered in Greenville, South Carolina that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company offers income tax return preparation services to its loan customers and other individuals.
Seasonality	Seasonality The Company's loan volume and corresponding loans receivable follow seasonal trends. The Company's highest loan demand generally occurs from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Loan volume and average balances remain relatively level during the remainder of the year. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash
Loans receivable, net	Loans receivable, net Loans receivable 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. 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.
Allowance for credit losses	Allowance for credit losses Refer to Note 5, “Finance Receivables and Allowance for Credit Losses,” in this Quarterly Report on Form 10-Q for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes.
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity.
Recently Adopted Accounting Standards	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.

ASSETS HELD FOR SALE (Tables)

ASSETS HELD FOR SALE (Tables)	9 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disclosure of Long Lived Assets Held-for-sale	The following table reconciles the major classes of assets held for sale to the amounts presented in the Consolidated Balance Sheets: December 31, 2021 March 31, 2021 Assets held for sale: Property and equipment, net $ — $ 1,143,528 Total assets held for sale $ — $ 1,143,528

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. December 31, 2021 March 31, 2021 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 18,667,639 $ 18,667,639 $ 15,746,454 $ 15,746,454 Loans receivable, net 3 1,039,397,768 1,039,397,768 733,659,389 733,659,389 LIABILITIES Senior unsecured notes payable 2 300,000,000 301,500,000 — — Senior notes payable 3 425,174,040 425,174,040 405,007,500 405,007,500
Fair Value Measurements, Nonrecurring	The carrying amounts and estimated fair values of amounts the Company measures at fair value on a non-recurring basis, which are limited to the Company's assets held for sale, are summarized below. December 31, 2021 March 31, 2021 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Assets held for sale 2 $ — $ — $ 1,143,528 $ 1,143,528

FINANCE RECEIVABLES AND ALLOW_2

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure December 31, 2021 March 31, 2021 0 to 5 months $ 221,068,385 $ 92,378,097 6 to 17 months 129,269,609 106,742,121 18 to 35 months 232,252,594 169,361,910 36 to 59 months 214,113,248 130,655,627 60+ months 809,305,528 597,292,495 Tax advance loans 102,089 8,316,011 Total gross loans $ 1,606,111,453 $ 1,104,746,261
Assessment of the Credit Quality	The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at December 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,391,805,121 $ 43,464,472 $ 3,311,801 $ 142,004 $ 18,087 $ 6,424 $ 1,438,747,909 30 - 60 days past due 60,477,887 3,190,374 429,991 31,452 13,250 — 64,142,954 61 - 90 days past due 37,137,360 2,066,364 232,506 27,958 7,083 — 39,471,271 91 or more days past due 57,977,118 5,220,263 410,537 30,133 8,967 212 63,647,230 Total $ 1,547,397,486 $ 53,941,473 $ 4,384,835 $ 231,547 $ 47,387 $ 6,636 $ 1,606,009,364 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 11,639 $ — $ — $ — $ — $ — 11,639 30 - 60 days past due 5,205 — — — — — 5,205 61 - 90 days past due 9,292 — — — — — 9,292 91 or more days past due 73,240 2,549 164 — — — 75,953 Total $ 99,376 $ 2,549 $ 164 $ — $ — $ — $ 102,089 Total gross loans $ 1,606,111,453 The following table provides 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 Total 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 table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at December 31, 2021: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,371,742,328 $ 39,499,813 $ 2,733,628 $ 78,643 $ 6,860 $ 739 $ 1,414,062,011 30 - 60 days past due 64,429,119 2,166,680 147,860 2,106 — — 66,745,765 61 - 90 days past due 42,456,180 1,898,732 130,531 1,357 — — 44,486,800 91 or more days past due 68,769,859 10,376,248 1,372,816 149,441 40,527 5,897 80,714,788 Total $ 1,547,397,486 $ 53,941,473 $ 4,384,835 $ 231,547 $ 47,387 $ 6,636 $ 1,606,009,364 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 126 $ — $ — $ — $ — $ — $ 126 30 - 60 days past due 1,375 — — — — — 1,375 61 - 90 days past due 4,266 — — — — — 4,266 91 or more days past due 93,609 2,549 164 — — — 96,322 Total $ 99,376 $ 2,549 $ 164 $ — $ — $ — $ 102,089 Total gross loans $ 1,606,111,453 The following table provides 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
Summary of Changes in the Allowance For Loan Losses	The following table presents a roll forward of the allowance for credit losses on our gross loans receivable for the three and nine months ended December 31, 2021 and 2020: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Beginning balance 114,660,240 $ 109,601,359 $ 91,722,288 $ 96,487,856 Impact of ASC 326 adoption — — — 28,628,368 Provision for credit losses 56,458,533 28,857,443 128,767,870 80,608,470 Charge-offs (42,359,511) (29,239,780) (102,226,061) (106,865,225) Recoveries 4,521,934 4,248,339 15,017,099 14,607,892 Net charge-offs (37,837,577) (24,991,441) (87,208,962) (92,257,333) Ending Balance $ 133,281,196 $ 113,467,361 $ 133,281,196 $ 113,467,361
Summary of the Past Due Receivables	The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at December 31, 2021: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 172,004,649 $ 16,169,844 $ 12,618,184 $ 20,275,708 $ 49,063,736 $ 221,068,385 6 to 17 months 109,037,255 6,981,112 4,478,060 8,773,182 20,232,354 129,269,609 18 to 35 months 205,079,885 10,179,964 6,236,507 10,756,238 27,172,709 232,252,594 36 to 59 months 197,597,921 7,067,994 3,793,106 5,654,227 16,515,327 214,113,248 60+ months 755,028,199 23,744,042 12,345,414 18,187,873 54,277,329 809,305,528 Tax advance loans 11,638 5,205 9,292 75,954 90,451 102,089 Total gross loans 1,438,759,547 64,148,161 39,480,563 63,723,182 167,351,906 1,606,111,453 Unearned interest, insurance and fees (388,270,148) (17,311,312) (10,654,403) (17,196,626) (45,162,341) (433,432,489) Total net loans $ 1,050,489,399 $ 46,836,849 $ 28,826,160 $ 46,526,556 $ 122,189,565 $ 1,172,678,964 Percentage of period-end gross loans receivable 4.0% 2.5% 4.0% 10.4% 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 table is an aging analysis on a contractual basis at amortized cost of the Company’s gross loans receivable at December 31, 2021: Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 169,809,788 $ 16,270,280 $ 12,982,498 $ 22,005,819 $ 51,258,597 $ 221,068,385 6 to 17 months 106,743,212 6,875,450 4,810,849 10,840,098 22,526,397 129,269,609 18 to 35 months 200,583,467 10,575,890 7,169,828 13,923,409 31,669,127 232,252,594 36 to 59 months 194,361,605 7,316,480 4,590,054 7,845,109 19,751,643 214,113,248 60+ months 742,563,943 25,707,664 14,933,572 26,100,349 66,741,585 809,305,528 Tax advance loans 125 1,375 4,266 96,323 101,964 102,089 Total gross loans 1,414,062,140 66,747,139 44,491,067 80,811,107 192,049,313 1,606,111,453 Unearned interest, insurance and fees (381,605,195) (18,012,684) (12,006,560) (21,808,050) (51,827,294) (433,432,489) Total net loans $ 1,032,456,945 $ 48,734,455 $ 32,484,507 $ 59,003,057 $ 140,222,019 $ 1,172,678,964 Percentage of period-end gross loans receivable 4.2% 2.8% 5.0% 12.0 % The following table is an aging analysis on a contractual basis at amortized cost of the Company’s gross loans receivable at March 31, 2021: Days Past Due - Contractual Basis Customer Tenure 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 %
Financing Receivable, Nonaccrual	It also shows year-to-date interest income recognized on nonaccrual loans: Nonaccrual Financial Assets Customer Tenure As of December 31, 2021 As of March 31, 2021 Financial Assets 61 Days or More Past Due, Not on Nonaccrual Status Nonaccrual Financial Assets With No Allowance as of December 31, 2021 Interest Income 0 to 5 months $ 35,412,925 $ 17,256,243 $ — $ — $ 858,871 6 to 17 months 15,914,402 13,153,363 — — 1,151,316 18 to 35 months 21,651,091 12,048,132 — — 1,414,201 36 to 59 months 12,890,209 8,156,159 — — 978,378 60+ months 42,629,042 31,947,750 — — 3,782,122 Tax advance loans 126,905 46,269 — — — Unearned interest, insurance and fees (34,711,208) (20,889,617) — — Total $ 93,913,366 $ 61,718,299 $ — $ — $ 8,184,888

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lease, Cost	The following table reports information about the Company's lease cost for the three and nine months ended December 31, 2021 and 2020: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Lease Cost Finance lease cost $ 105,639 $ 115,359 $ 323,880 $ 353,254 Amortization of right-of-use assets 101,906 101,906 305,718 305,718 Interest on lease liabilities 3,733 13,453 18,162 47,536 Operating lease cost $ 6,723,789 $ 6,939,330 $ 20,421,780 $ 21,027,265 Short-term lease cost — — — 1,800 Variable lease cost 904,015 882,559 2,690,848 2,659,932 Total lease cost $ 7,733,443 $ 7,937,248 $ 23,436,508 $ 24,042,251 The following table reports other information about the Company's leases for the three and nine months ended December 31, 2021 and 2020: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,825,474 $ 7,008,686 $ 20,796,373 $ 21,184,138 Operating cash flows from finance leases 3,733 13,453 18,162 47,536 Operating cash flows from operating leases 6,684,414 6,845,544 20,339,163 20,694,712 Financing cash flows from finance leases 137,327 149,689 439,048 441,890 Right-of-use assets obtained in exchange for new finance lease liabilities — — — — Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,763,875 $ 2,116,215 $ 11,840,569 $ 9,748,709 Weighted-average remaining lease term — finance leases 0.5 years 1.0 years 0.5 years 1.0 years Weighted average remaining lease term — operating leases 7.1 years 7.3 years 7.1 years 7.3 years Weighted-average discount rate (monthly) — finance leases 6.1 % 6.4 % 6.1 % 6.4 % Weighted-average discount rate — operating leases 6.1 % 6.3 % 6.1 % 6.3 %
Operating Lease Maturity	The following table reports information about the maturity of the Company's operating and finance leases as of December 31, 2021: Operating Lease Finance Lease Fiscal 2022 $ 6,514,101 $ 66,239 Fiscal 2023 23,364,391 80,066 Fiscal 2024 19,340,503 — Fiscal 2025 14,814,558 — Fiscal 2026 10,936,674 — Fiscal 2027 6,811,037 — Thereafter 27,573,596 — Total undiscounted lease liability 109,354,860 146,305 Imputed interest 21,677,713 — Total discounted lease liability $ 87,677,147 $ 146,305
Finance Leases Maturity	The following table reports information about the maturity of the Company's operating and finance leases as of December 31, 2021: Operating Lease Finance Lease Fiscal 2022 $ 6,514,101 $ 66,239 Fiscal 2023 23,364,391 80,066 Fiscal 2024 19,340,503 — Fiscal 2025 14,814,558 — Fiscal 2026 10,936,674 — Fiscal 2027 6,811,037 — Thereafter 27,573,596 — Total undiscounted lease liability 109,354,860 146,305 Imputed interest 21,677,713 — Total discounted lease liability $ 87,677,147 $ 146,305

AVERAGE SHARE INFORMATION (Tabl

AVERAGE SHARE INFORMATION (Tables)	9 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Summary of Basic and Diluted Average Common Shares Outstanding	The following is a summary of the basic and diluted average common shares outstanding: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Basic: Weighted average common shares outstanding (denominator) 6,118,591 6,233,961 6,119,971 6,593,135 Diluted: Weighted average common shares outstanding 6,118,591 6,233,961 6,119,971 6,593,135 Dilutive potential common shares 285,197 218,424 304,096 150,514 Weighted average diluted shares outstanding (denominator) 6,403,788 6,452,385 6,424,067 6,743,649

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Shares Vesting Based on EPS Targets	The Performance Option performance target is set forth below. Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100%
Fair Value was Estimated at Grant Date Using the Weighted-Average	Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Dividend Yield —% —% —% —% Expected Volatility 55.71% 57.09% 58.11% 56.48% Average risk-free rate 1.22% 0.43% 0.92% 0.38% Expected Life 6.0 years 6.0 years 6.1 years 6.2 years
Summary Schedule of Stock Option Activity	Option activity for the nine months ended December 31, 2021 was as follows: Shares Weighted Average Exercise Weighted Average Aggregate Intrinsic Value Options outstanding, beginning of period 500,168 $ 93.89 Granted during period 19,642 181.58 Exercised during period (143,103) 81.87 Forfeited during period (18,948) 99.00 Expired during period — — Options outstanding, end of period 357,759 $ 103.24 6.6 years $ 50,868,725 Options exercisable, end of period 110,675 $ 89.86 4.8 years $ 17,218,134
Intrinsic Value of Options Exercised	The total intrinsic value of options exercised during the periods ended December 31, 2021 and 2020 was as follows: December 31, December 31, Three months ended $ 4,529,120 $ 718,343 Nine months ended $ 16,070,389 $ 1,215,063
Summary of the Status and Changes Restricted Stock	A summary of the status of the Company’s restricted stock as of December 31, 2021, and changes during the nine months ended December 31, 2021, are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2021 614,739 $ 101.99 Granted during the period 4,062 188.38 Vested during the period (66,299) 102.93 Forfeited during the period — — Outstanding at December 31, 2021 552,502 $ 102.51
Share-Based Compensation Included as a Component of Net Income	Total stock-based compensation included as a component of net income during the three and nine month periods ended December 31, 2021 and 2020 was as follows: Three months ended December 31, Nine months ended December 31, 2021 2020 2021 2020 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 664,094 $ 854,647 $ 2,517,071 $ 2,987,621 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 3,644,579 4,043,813 10,240,740 11,521,082 Total stock-based compensation related to equity classified awards $ 4,308,673 $ 4,898,460 $ 12,757,811 $ 14,508,703
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Shares Vesting Based on EPS Targets	The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for Restricted Stock Eligible for Vesting $16.35 40% $20.45 60%

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table sets forth the Company's acquisition activity for the nine months ended December 31, 2021 and 2020. Nine months ended December 31, 2021 2020 Acquisitions: Number of branches acquired through business combinations — — Number of loan portfolios acquired through asset purchases 50 48 Total acquisitions 50 48 Purchase price $ 10,859,984 $ 18,847,223 Tangible assets: Loans receivable, net 9,631,112 14,364,042 Property and equipment — — Total tangible assets 9,631,112 14,364,042 Excess of purchase prices over carrying value of net tangible assets $ 1,228,872 $ 4,483,181 Customer lists $ 952,872 4,300,681 Non-compete agreements $ 276,000 182,500 Goodwill $ — —

ASSETS HELD FOR SALE (Details)

ASSETS HELD FOR SALE (Details)	3 Months Ended	9 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 31, 2021USD ($)building
Discontinued Operations and Disposal Groups [Abstract]
Number of buildings sold | building				2
Number of buildings | building				3
Loss on assets held for sale | $	$ 39,000	$ 38,633	$ 0
Assets held-for-sale, not part of disposal group, other | $	$ 0	$ 0		$ 1,143,528

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($)	9 Months Ended
	Dec. 31, 2021	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Average loan period	8 months
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes payable, net	$ 295,142,754	$ 0
Senior notes payable	425,174,040	405,007,500
Fair Value, Inputs, Level 1 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	18,667,639	15,746,454
Fair Value, Inputs, Level 1 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	18,667,639	15,746,454
Fair Value, Inputs, Level 2 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets held for sale	0	1,143,528
Fair Value, Inputs, Level 2 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets held for sale	0	1,143,528
Fair Value, Inputs, Level 3 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, net	1,039,397,768	733,659,389
Fair Value, Inputs, Level 3 | Carrying Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes payable, net	300,000,000	0
Senior notes payable	425,174,040	405,007,500
Fair Value, Inputs, Level 3 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, net	1,039,397,768	733,659,389
Fair Value, Inputs, Level 3 | Estimated Fair Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes payable, net	301,500,000	0
Senior notes payable	$ 425,174,040	$ 405,007,500

FINANCE RECEIVABLES AND ALLOW_3

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Gross Loans Receivable By Customer Tenure) (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,606,111,453		$ 1,104,746,261
Allowance for credit losses	133,281,196	$ 114,660,240	91,722,288	$ 113,467,361	$ 109,601,359	$ 96,487,856
Accounting Standards Update 2016-13
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses				$ 28,600,000
Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	102,089		8,316,011
0 to 5 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	221,068,385		92,378,097
6 to 17 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	129,269,609		106,742,121
18 to 35 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	232,252,594		169,361,910
36 to 59 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	214,113,248		130,655,627
60+ months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 809,305,528		$ 597,292,495

FINANCE RECEIVABLES AND ALLOW_4

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Payment Performance On A Recency Basis) (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,606,111,453	$ 1,104,746,261
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,547,397,486	1,041,554,654
Financing receivable, between 1 and 2 years ago	53,941,473	52,109,459
Financing receivable, between 2 and 3 years ago	4,384,835	2,527,702
Financing receivable, between 3 and 4 years ago	231,547	202,144
Financing receivable, between 4 and 5 years ago	47,387	33,223
Financing receivable, more than 5 years ago	6,636	3,068
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,606,009,364	1,096,430,250
Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	60,477,887	21,862,634
Financing receivable, between 1 and 2 years ago	3,190,374	2,011,261
Financing receivable, between 2 and 3 years ago	429,991	153,417
Financing receivable, between 3 and 4 years ago	31,452	21,426
Financing receivable, between 4 and 5 years ago	13,250	3,500
Financing receivable, more than 5 years ago	0	2,069
Gross loans receivable	64,142,954	24,054,307
Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	37,137,360	18,039,010
Financing receivable, between 1 and 2 years ago	2,066,364	1,208,936
Financing receivable, between 2 and 3 years ago	232,506	88,119
Financing receivable, between 3 and 4 years ago	27,958	11,800
Financing receivable, between 4 and 5 years ago	7,083	571
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	39,471,271	19,348,436
Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	57,977,118	31,126,328
Financing receivable, between 1 and 2 years ago	5,220,263	3,120,210
Financing receivable, between 2 and 3 years ago	410,537	183,434
Financing receivable, between 3 and 4 years ago	30,133	14,028
Financing receivable, between 4 and 5 years ago	8,967	14,708
Financing receivable, more than 5 years ago	212	168
Gross loans receivable	63,647,230	34,458,876
Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	99,376	8,269,742
Financing receivable, between 1 and 2 years ago	2,549	45,292
Financing receivable, between 2 and 3 years ago	164	977
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	102,089	8,316,011
Tax advance loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	5,205	686,667
Financing receivable, between 1 and 2 years ago	0	1,423
Financing receivable, between 2 and 3 years ago	0	0
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	5,205	688,090
Tax advance loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	9,292	0
Financing receivable, between 1 and 2 years ago	0	0
Financing receivable, between 2 and 3 years ago	0	321
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	9,292	321
Tax advance loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	73,240	0
Financing receivable, between 1 and 2 years ago	2,549	34,509
Financing receivable, between 2 and 3 years ago	164	656
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	75,953	35,165
Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,391,805,121	970,526,682
Financing receivable, between 1 and 2 years ago	43,464,472	45,769,052
Financing receivable, between 2 and 3 years ago	3,311,801	2,102,732
Financing receivable, between 3 and 4 years ago	142,004	154,890
Financing receivable, between 4 and 5 years ago	18,087	14,444
Financing receivable, more than 5 years ago	6,424	831
Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,438,747,909	1,018,568,631
Performing Financing Receivable | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	11,639	7,583,075
Financing receivable, between 1 and 2 years ago	0	9,360
Financing receivable, between 2 and 3 years ago	0	0
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	$ 11,639	$ 7,592,435

FINANCE RECEIVABLES AND ALLOW_5

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Payment Performance On A Contractual Basis) (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,606,111,453	$ 1,104,746,261
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,547,397,486	1,041,554,654
Financing receivable, between 1 and 2 years ago	53,941,473	52,109,459
Financing receivable, between 2 and 3 years ago	4,384,835	2,527,702
Financing receivable, between 3 and 4 years ago	231,547	202,144
Financing receivable, between 4 and 5 years ago	47,387	33,223
Financing receivable, more than 5 years ago	6,636	3,068
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,606,009,364	1,096,430,250
Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	60,477,887	21,862,634
Financing receivable, between 1 and 2 years ago	3,190,374	2,011,261
Financing receivable, between 2 and 3 years ago	429,991	153,417
Financing receivable, between 3 and 4 years ago	31,452	21,426
Financing receivable, between 4 and 5 years ago	13,250	3,500
Financing receivable, more than 5 years ago	0	2,069
Gross loans receivable	64,142,954	24,054,307
Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	37,137,360	18,039,010
Financing receivable, between 1 and 2 years ago	2,066,364	1,208,936
Financing receivable, between 2 and 3 years ago	232,506	88,119
Financing receivable, between 3 and 4 years ago	27,958	11,800
Financing receivable, between 4 and 5 years ago	7,083	571
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	39,471,271	19,348,436
Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	57,977,118	31,126,328
Financing receivable, between 1 and 2 years ago	5,220,263	3,120,210
Financing receivable, between 2 and 3 years ago	410,537	183,434
Financing receivable, between 3 and 4 years ago	30,133	14,028
Financing receivable, between 4 and 5 years ago	8,967	14,708
Financing receivable, more than 5 years ago	212	168
Gross loans receivable	63,647,230	34,458,876
Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	99,376	8,269,742
Financing receivable, between 1 and 2 years ago	2,549	45,292
Financing receivable, between 2 and 3 years ago	164	977
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	102,089	8,316,011
Tax advance loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	5,205	686,667
Financing receivable, between 1 and 2 years ago	0	1,423
Financing receivable, between 2 and 3 years ago	0	0
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	5,205	688,090
Tax advance loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	9,292	0
Financing receivable, between 1 and 2 years ago	0	0
Financing receivable, between 2 and 3 years ago	0	321
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	9,292	321
Tax advance loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	73,240	0
Financing receivable, between 1 and 2 years ago	2,549	34,509
Financing receivable, between 2 and 3 years ago	164	656
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	75,953	35,165
Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,391,805,121	970,526,682
Financing receivable, between 1 and 2 years ago	43,464,472	45,769,052
Financing receivable, between 2 and 3 years ago	3,311,801	2,102,732
Financing receivable, between 3 and 4 years ago	142,004	154,890
Financing receivable, between 4 and 5 years ago	18,087	14,444
Financing receivable, more than 5 years ago	6,424	831
Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,438,747,909	1,018,568,631
Performing Financing Receivable | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	11,639	7,583,075
Financing receivable, between 1 and 2 years ago	0	9,360
Financing receivable, between 2 and 3 years ago	0	0
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	11,639	7,592,435
Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,606,111,453	1,104,746,261
Contractual basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	66,747,139	31,933,140
Contractual basis | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	44,491,067	24,514,370
Contractual basis | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	80,811,107	51,092,036
Contractual basis | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,547,397,486	1,041,554,653
Financing receivable, between 1 and 2 years ago	53,941,473	52,109,459
Financing receivable, between 2 and 3 years ago	4,384,835	2,527,702
Financing receivable, between 3 and 4 years ago	231,547	202,145
Financing receivable, between 4 and 5 years ago	47,387	33,223
Financing receivable, more than 5 years ago	6,636	3,068
Contractual basis | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,606,009,364	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	64,429,119	29,300,148
Financing receivable, between 1 and 2 years ago	2,166,680	1,872,816
Financing receivable, between 2 and 3 years ago	147,860	72,187
Financing receivable, between 3 and 4 years ago	2,106	1,322
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	66,745,765	31,246,473
Contractual basis | Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	42,456,180	23,075,264
Financing receivable, between 1 and 2 years ago	1,898,732	1,363,196
Financing receivable, between 2 and 3 years ago	130,531	75,343
Financing receivable, between 3 and 4 years ago	1,357	567
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	44,486,800	24,514,370
Contractual basis | Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	68,769,859	40,825,388
Financing receivable, between 1 and 2 years ago	10,376,248	9,211,503
Financing receivable, between 2 and 3 years ago	1,372,816	858,024
Financing receivable, between 3 and 4 years ago	149,441	117,183
Financing receivable, between 4 and 5 years ago	40,527	31,433
Financing receivable, more than 5 years ago	5,897	2,237
Gross loans receivable	80,714,788	51,045,768
Contractual basis | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	99,376	8,269,742
Financing receivable, between 1 and 2 years ago	2,549	45,292
Financing receivable, between 2 and 3 years ago	164	977
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	102,089	8,316,011
Contractual basis | Tax advance loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,375	686,667
Financing receivable, between 1 and 2 years ago	0	0
Financing receivable, between 2 and 3 years ago	0	0
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	1,375	686,667
Contractual basis | Tax advance loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	4,266	0
Financing receivable, between 1 and 2 years ago	0	0
Financing receivable, between 2 and 3 years ago	0	0
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	4,266	0
Contractual basis | Tax advance loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	93,609	0
Financing receivable, between 1 and 2 years ago	2,549	45,292
Financing receivable, between 2 and 3 years ago	164	977
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	96,322	46,269
Contractual basis | Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,371,742,328	948,353,853
Financing receivable, between 1 and 2 years ago	39,499,813	39,661,944
Financing receivable, between 2 and 3 years ago	2,733,628	1,522,148
Financing receivable, between 3 and 4 years ago	78,643	83,073
Financing receivable, between 4 and 5 years ago	6,860	1,790
Financing receivable, more than 5 years ago	739	831
Contractual basis | Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,414,062,011	989,623,639
Contractual basis | Performing Financing Receivable | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	126	7,583,075
Financing receivable, between 1 and 2 years ago	0	0
Financing receivable, between 2 and 3 years ago	0	0
Financing receivable, between 3 and 4 years ago	0	0
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	$ 126	$ 7,583,075

FINANCE RECEIVABLES AND ALLOW_6

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Roll Forward of the Allowance for Credit Losses on Our Gross Loans Receivable) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 114,660,240	$ 109,601,359	$ 91,722,288	$ 96,487,856
Provision for credit losses	56,458,533	28,857,443	128,767,870	80,608,470
Charge-offs	(42,359,511)	(29,239,780)	(102,226,061)	(106,865,225)
Recoveries	4,521,934	4,248,339	15,017,099	14,607,892
Net charge-offs	(37,837,577)	(24,991,441)	(87,208,962)	(92,257,333)
Ending Balance	$ 133,281,196	$ 113,467,361	$ 133,281,196	113,467,361	$ 96,487,856
Accounting Standards Update [Extensible List]					Accounting Standards Update 2016-13
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				$ 28,628,368
Ending Balance					$ 28,628,368

FINANCE RECEIVABLES AND ALLOW_7

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Summary of Past Due Receivables) (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 1,606,111,453	$ 1,104,746,261
Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	102,089	8,316,011
30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	221,068,385	92,378,097
30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	129,269,609	106,742,121
30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	232,252,594	169,361,910
30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	214,113,248	130,655,627
30 - 60 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	809,305,528	597,292,495
Recency Basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,606,111,453	1,104,746,261
Unearned interest, insurance and fees	(433,432,489)	(279,364,584)
Total net loans	$ 1,172,678,964	$ 825,381,677
Financing receivable, percent past due	10.40%	7.10%
Recency Basis | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 102,089	$ 8,316,011
Recency Basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	221,068,385	92,378,094
Recency Basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	129,269,609	106,742,122
Recency Basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	232,252,594	169,361,911
Recency Basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	214,113,248	130,655,627
Recency Basis | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	809,305,528	597,292,496
Recency Basis | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,438,759,547	1,026,161,065
Unearned interest, insurance and fees	(388,270,148)	(259,492,219)
Total net loans	1,050,489,399	766,668,846
Recency Basis | Current | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	11,638	7,592,435
Recency Basis | Current | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	172,004,649	72,702,970
Recency Basis | Current | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	109,037,255	94,466,209
Recency Basis | Current | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	205,079,885	158,217,605
Recency Basis | Current | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	197,597,921	123,542,346
Recency Basis | Current | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	755,028,199	569,639,500
Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	64,148,161	24,742,398
Unearned interest, insurance and fees	(17,311,312)	(6,256,776)
Total net loans	$ 46,836,849	$ 18,485,622
Financing receivable, percent past due	4.00%	2.20%
Recency Basis | 30 - 60 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 5,205	$ 688,090
Recency Basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	16,169,844	4,799,102
Recency Basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	6,981,112	3,187,347
Recency Basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	10,179,964	3,570,696
Recency Basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	7,067,994	2,432,489
Recency Basis | 30 - 60 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	23,744,042	10,064,674
Recency Basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	39,480,563	19,348,757
Unearned interest, insurance and fees	(10,654,403)	(4,892,850)
Total net loans	$ 28,826,160	$ 14,455,907
Financing receivable, percent past due	2.50%	1.80%
Recency Basis | 61 - 90 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 9,292	$ 321
Recency Basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	12,618,184	5,680,380
Recency Basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,478,060	2,798,411
Recency Basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	6,236,507	2,592,402
Recency Basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	3,793,106	1,753,291
Recency Basis | 61 - 90 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	12,345,414	6,523,952
Recency Basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	63,723,182	34,494,041
Unearned interest, insurance and fees	(17,196,626)	(8,722,739)
Total net loans	$ 46,526,556	$ 25,771,302
Financing receivable, percent past due	4.00%	3.10%
Recency Basis | 91 or more days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 75,954	$ 35,165
Recency Basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	20,275,708	9,195,642
Recency Basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	8,773,182	6,290,155
Recency Basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	10,756,238	4,981,208
Recency Basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	5,654,227	2,927,501
Recency Basis | 91 or more days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	18,187,873	11,064,370
Recency Basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	167,351,906	78,585,196
Unearned interest, insurance and fees	(45,162,341)	(19,872,365)
Total net loans	122,189,565	58,712,831
Recency Basis | Total Past Due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	90,451	723,576
Recency Basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	49,063,736	19,675,124
Recency Basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	20,232,354	12,275,913
Recency Basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	27,172,709	11,144,306
Recency Basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	16,515,327	7,113,281
Recency Basis | Total Past Due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	54,277,329	27,652,996
Contractual basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,606,111,453	1,104,746,261
Unearned interest, insurance and fees	(433,432,489)	(279,364,584)
Total net loans	$ 1,172,678,964	$ 825,381,677
Financing receivable, percent past due	12.00%	9.70%
Contractual basis | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 102,089	$ 8,316,011
Contractual basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	221,068,385	92,378,095
Contractual basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	129,269,609	106,742,121
Contractual basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	232,252,594	169,361,910
Contractual basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	214,113,248	130,655,628
Contractual basis | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	809,305,528	597,292,496
Contractual basis | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,414,062,140	997,206,715
Unearned interest, insurance and fees	(381,605,195)	(252,170,339)
Total net loans	1,032,456,945	745,036,376
Contractual basis | Current | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	125	7,583,075
Contractual basis | Current | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	169,809,788	70,532,439
Contractual basis | Current | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	106,743,212	90,679,304
Contractual basis | Current | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	200,583,467	153,922,334
Contractual basis | Current | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	194,361,605	120,168,698
Contractual basis | Current | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	742,563,943	554,320,865
Contractual basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	66,747,139	31,933,140
Unearned interest, insurance and fees	(18,012,684)	(8,075,147)
Total net loans	$ 48,734,455	$ 23,857,993
Financing receivable, percent past due	4.20%	2.90%
Contractual basis | 30 - 60 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 1,375	$ 686,667
Contractual basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	16,270,280	5,245,878
Contractual basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	6,875,450	3,936,937
Contractual basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	10,575,890	4,471,202
Contractual basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	7,316,480	3,229,253
Contractual basis | 30 - 60 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	25,707,664	14,363,203
Contractual basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	44,491,067	24,514,370
Unearned interest, insurance and fees	(12,006,560)	(6,199,113)
Total net loans	$ 32,484,507	$ 18,315,257
Financing receivable, percent past due	2.80%	2.20%
Contractual basis | 61 - 90 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 4,266	$ 0
Contractual basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	12,982,498	6,019,264
Contractual basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,810,849	3,267,446
Contractual basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	7,169,828	3,488,629
Contractual basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,590,054	2,337,625
Contractual basis | 61 - 90 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	14,933,572	9,401,406
Contractual basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	80,811,107	51,092,036
Unearned interest, insurance and fees	(21,808,050)	(12,919,985)
Total net loans	$ 59,003,057	$ 38,172,051
Financing receivable, percent past due	5.00%	4.60%
Contractual basis | 91 or more days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 96,323	$ 46,269
Contractual basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	22,005,819	10,580,514
Contractual basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	10,840,098	8,858,434
Contractual basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	13,923,409	7,479,745
Contractual basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	7,845,109	4,920,052
Contractual basis | 91 or more days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	26,100,349	19,207,022
Contractual basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	192,049,313	107,539,546
Unearned interest, insurance and fees	(51,827,294)	(27,194,245)
Total net loans	140,222,019	80,345,301
Contractual basis | Total Past Due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	101,964	732,936
Contractual basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	51,258,597	21,845,656
Contractual basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	22,526,397	16,062,817
Contractual basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	31,669,127	15,439,576
Contractual basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	19,751,643	10,486,930
Contractual basis | Total Past Due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 66,741,585	$ 42,971,631

FINANCE RECEIVABLES AND ALLOW_8

FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Nonaccrual) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Nonaccrual [Line Items]
Uncollected accrued interest reversed	$ 9,700,000	$ 20,300,000
Financing receivable, nonaccrual	93,913,366	93,913,366	$ 61,718,299
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		8,184,888
Nonaccrual status
Financing Receivable, Nonaccrual [Line Items]
Unearned interest, insurance and fees	(34,711,208)	(34,711,208)	(20,889,617)
61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	0	0
Tax advance loans
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	126,905	126,905	46,269
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		0
Tax advance loans | 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	35,412,925	35,412,925	17,256,243
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		858,871
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	15,914,402	15,914,402	13,153,363
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,151,316
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	21,651,091	21,651,091	12,048,132
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		1,414,201
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	12,890,209	12,890,209	8,156,159
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		978,378
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	42,629,042	42,629,042	$ 31,947,750
Financing receivable, nonaccrual, no allowance	0	0
Interest Income Recognized		3,782,122
60+ months | 61 - 90 days past due
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 0	$ 0

LEASES (Details)

LEASES (Details)	Dec. 31, 2021
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	3 years
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	5 years

LEASES (Lease Cost) (Details)

LEASES (Lease Cost) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Finance lease cost	$ 105,639	$ 115,359	$ 323,880	$ 353,254
Amortization of right-of-use assets	101,906	101,906	305,718	305,718
Interest on lease liabilities	3,733	13,453	18,162	47,536
Operating lease cost	6,723,789	6,939,330	20,421,780	21,027,265
Short-term lease cost	0	0	0	1,800
Variable lease cost	904,015	882,559	2,690,848	2,659,932
Total lease cost	7,733,443	7,937,248	23,436,508	24,042,251
Cash paid for amounts included in the measurement of lease liabilities	6,825,474	7,008,686	20,796,373	21,184,138
Operating cash flows from finance leases	3,733	13,453	18,162	47,536
Operating cash flows from operating leases	6,684,414	6,845,544	20,339,163	20,694,712
Financing cash flows from finance leases	137,327	149,689	439,048	441,890
Right-of-use assets obtained in exchange for new finance lease liabilities	0	0	0	0
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,763,875	$ 2,116,215	$ 11,840,569	$ 9,748,709
Weighted-average remaining lease term — finance leases	6 months	1 year	6 months	1 year
Weighted average remaining lease term — operating leases	7 years 1 month 6 days	7 years 3 months 18 days	7 years 1 month 6 days	7 years 3 months 18 days
Weighted-average discount rate (monthly) — finance leases	6.10%	6.40%	6.10%	6.40%
Weighted-average discount rate — operating leases	6.10%	6.30%	6.10%	6.30%

LEASES LEASES (Maturities of Op

LEASES LEASES (Maturities of Operating and Financing Lease Liabilities) (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Operating Lease
Fiscal 2022	$ 6,514,101
Fiscal 2023	23,364,391
Fiscal 2024	19,340,503
Fiscal 2025	14,814,558
Fiscal 2026	10,936,674
Fiscal 2027	6,811,037
Thereafter	27,573,596
Total undiscounted lease liability	109,354,860
Imputed interest	21,677,713
Total discounted lease liability	87,677,147	$ 91,132,722
Finance Lease
Fiscal 2022	66,239
Fiscal 2023	80,066
Fiscal 2024	0
Fiscal 2025	0
Fiscal 2026	0
Fiscal 2027	0
Thereafter	0
Total undiscounted lease liability	146,305
Imputed interest	0
Total discounted lease liability	$ 146,305	$ 585,353

AVERAGE SHARE INFORMATION (Deta

AVERAGE SHARE INFORMATION (Details) - shares	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Basic:
Weighted average common shares outstanding (in shares)	6,118,591	6,233,961	6,119,971	6,593,135
Diluted:
Weighted average common shares outstanding (in shares)	6,403,788	6,452,385	6,424,067	6,743,649
Dilutive potential common shares (in shares)	285,197	218,424	304,096	150,514
Weighted average diluted shares outstanding (in shares)	6,403,788	6,452,385	6,424,067	6,743,649
Anti-dilutive shares (in shares)	376,307	629,086	431,858	636,118

STOCK-BASED COMPENSATION (Narra

STOCK-BASED COMPENSATION (Narrative) (Details)	3 Months Ended			9 Months Ended
	Dec. 31, 2021USD ($)installment$ / sharesshares	Jun. 30, 2021$ / sharesshares	Dec. 31, 2020USD ($)$ / shares	Dec. 31, 2021USD ($)installment$ / sharesshares	Dec. 31, 2020USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) | shares	108,063			108,063
Vesting percentage				100.00%
Weighted-average fair value at the grant date (in dollars per share) | $ / shares	$ 101.73		$ 56.55	$ 97.65	$ 50.42
Compensation related to stock option and restricted stock plans, net of taxes and adjustments				$ 12,757,811	$ 14,508,703
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of authorized common stock reserved for issuance (in shares) | shares	3,350,000			3,350,000
Total unrecognized stock-based compensation expense related to non-vested stock options	$ 6,800,000			$ 6,800,000
Weighted average period for recognition				2 years 6 months
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 664,094		$ 854,647	$ 2,517,071	2,987,621
Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option, expiration period				10 years
Vesting period				6 years
Employee Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of installments | installment	6			6
Awards granted (in shares) | shares		52,735		4,062
Grant date fair value (in dollars per share) | $ / shares		$ 106.28		$ 188.38
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 3,644,579		$ 4,043,813	$ 10,240,740	$ 11,521,082
Unvested restricted stock awards	$ 17,800,000			$ 17,800,000
Service Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				10 years
Number of installments | installment	6			6
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				10 years
Weighted average period for recognition				1 year 9 months 18 days

STOCK-BASED COMPENSATION (Share

STOCK-BASED COMPENSATION (Share and Options Performance Targets) (Details)	9 Months Ended
	Dec. 31, 2021$ / shares
Target 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Target (in dollars per share)	$ 16.35
Vesting Percentage (in hundredths)	40.00%
Target 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Target (in dollars per share)	$ 20.45
Vesting Percentage (in hundredths)	60.00%
Target 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Target (in dollars per share)	$ 25.30
Vesting Percentage (in hundredths)	100.00%

STOCK-BASED COMPENSATION (Grant

STOCK-BASED COMPENSATION (Grants Date Using The Weighted-Average Assumptions) (Details)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Expected Volatility	55.71%	57.09%	58.11%	56.48%
Average risk-free rate	1.22%	0.43%	0.92%	0.38%
Expected Life	6 years	6 years	6 years 1 month 6 days	6 years 2 months 12 days

STOCK-BASED COMPENSATION (Stock

STOCK-BASED COMPENSATION (Stock Option Activity and Intrinsic Value) (Details) - Stock Options Plans - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)			500,168
Granted (in shares)			19,642
Exercised (in shares)			(143,103)
Forfeited (in shares)			(18,948)
Expired (in shares)			0
Options outstanding, end of period (in shares)	357,759		357,759
Options exercisable, end of period (in shares)	110,675		110,675
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)			$ 93.89
Granted (in dollars per share)			181.58
Exercised (in dollars per share)			81.87
Forfeited (in dollars per share)			99
Expired (in dollars per share)			0
Options outstanding, end of period (in dollars per share)	$ 103.24		103.24
Options exercisable, end of period (in dollars per share)	$ 89.86		$ 89.86
Stock Option Activity Additional Disclosures [Abstract]
Weighted-average remaining contractual term, options outstanding, end of period			6 years 7 months 6 days
Aggregate intrinsic value, options outstanding, end of period	$ 50,868,725		$ 50,868,725
Weighted-average remaining contractual terms, options exercisable, end of period			4 years 9 months 18 days
Aggregate intrinsic value, options exercisable, end of period	17,218,134		$ 17,218,134
Intrinsic value of options exercised	$ 4,529,120	$ 718,343	$ 16,070,389	$ 1,215,063

STOCK-BASED COMPENSATION (Compa

STOCK-BASED COMPENSATION (Company Restricted Stock and Total Stock-Based Compensation) (Details) - USD ($)	3 Months Ended			9 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans, net of taxes and adjustments				$ 12,757,811	$ 14,508,703
Stock Options Plans
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 664,094		$ 854,647	$ 2,517,071	2,987,621
Restricted Stock
Summary of the status and changes in restricted stock [Roll Forward]
Outstanding at Beginning of Year (in shares)		614,739		614,739
Awards granted (in shares)		52,735		4,062
Vested during the period, net of cancellations (in shares)				(66,299)
Forfeited during the period (in shares)				0
Outstanding at End of Period (in shares)	552,502			552,502
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at beginning period (in dollars per share)		$ 101.99		$ 101.99
Grant date fair value (in dollars per share)		$ 106.28		188.38
Vested during the period, net of cancellations (in dollars per share)				102.93
Cancelled during the period (in dollars per share)				0
Outstanding at ending period (in dollars per share)	$ 102.51			$ 102.51
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 3,644,579		4,043,813	$ 10,240,740	11,521,082
Equity Securities
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 4,308,673		$ 4,898,460	$ 12,757,811	$ 14,508,703

ACQUISITIONS (Details)

ACQUISITIONS (Details)	9 Months Ended
	Dec. 31, 2021USD ($)acquisition	Dec. 31, 2020USD ($)acquisition
Business Acquisition [Line Items]
Number of branches acquired through business combinations | acquisition	0	0
Number of loan portfolios acquired through asset purchases | acquisition	50	48
Total acquisitions | acquisition	50	48
Loans receivable, net	$ 9,631,112	$ 14,364,042
Property and equipment	0	0
Total tangible assets	9,631,112	14,364,042
Excess of purchase prices over carrying value of net tangible assets	1,228,872	4,483,181
Customer lists	952,872	4,300,681
Non-compete agreements	276,000	182,500
Goodwill	$ 0	0
Average loan period	8 months
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Purchase price	$ 10,859,984	$ 18,847,223

DEBT (Details)

DEBT (Details) - USD ($)	Sep. 27, 2021	Dec. 31, 2021	Dec. 31, 2020	Sep. 26, 2021	Mar. 31, 2021
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount		$ 300,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 785,000,000	685,000,000		$ 685,000,000
Amount outstanding		$ 425,200,000
Extension period		1 year
Interest rate, percentage		3.50%
Commitment fee percentage		0.50%
Unused borrowing capacity, fee		$ 1,000,000	$ 1,100,000
Interest rate, effective percentage		5.50%			5.80%
Unused amount available		$ 259,500,000
Debt covenants minimum net worth		$ 325,000,000
Fixed conversion ratio		2.75
Debt covenant, maximum ratio of total debt		2.5
Debt covenant, maximum collateral performance indicator percentage		24.00%
Expiration period		60 days
Revolving Credit Facility | Sub-Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 1,500,000
Senior notes | Senior Notes Due 2026
Line of Credit Facility [Line Items]
Interest rate, percentage	7.00%
Aggregate principal amount	$ 300,000,000
Redemption price, percentage of equity offerings	40.00%
Senior notes | Senior Notes Due 2026 | Period One
Line of Credit Facility [Line Items]
Redemption price percent	100.00%
Senior notes | Senior Notes Due 2026 | Period Two
Line of Credit Facility [Line Items]
Redemption price percent	107.00%
Minimum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest rate, percentage		4.50%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Total gross unrecognized tax benefits including interest	$ 2,100,000		$ 2,100,000	$ 3,100,000
Unrecognized tax benefits	2,000,000		2,000,000	$ 2,600,000
Gross unrecognized tax benefits, limitations and settlement with taxing authorities	1,300,000		1,300,000
Accrued gross interest	$ 496,200		496,200
Gross interest expense			$ 747,900
Effective income tax rate reconciliation, percent	5.10%	14.30%