World Acceptance (WRLD) 10-K 1 Jun 23 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Mar. 31, 2023	May 26, 2023	Sep. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	000-19599
Entity Registrant Name	WORLD ACCEPTANCE CORPORATION
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	57-0425114
Entity Address, Address Line One	104 S. Main St.
Entity Address, City or Town	Greenville
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29601
City Area Code	(864)
Local Phone Number	298-9800
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	WRLD
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 388,692,894
Entity Common Stock, Shares Outstanding		6,235,007
Documents Incorporated by Reference	Portions of the Registrant's definitive Proxy Statement pertaining to the 2023 Annual Meeting of Shareholders (“the Proxy Statement”) to be filed pursuant to Regulation 14A are incorporated herein by reference into Part III hereof.
Entity Central Index Key	0000108385
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--03-31
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Mar. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	49
Auditor Name	RSM US LLP
Auditor Location	Raleigh, North Carolina

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Mar. 31, 2022
ASSETS
Cash and cash equivalents	$ 16,508,935	$ 19,236,322
Gross loans receivable	1,390,015,568	1,522,788,860
Less:
Unearned interest, insurance and fees	(376,674,349)	(403,030,844)
Allowance for credit losses	(125,552,733)	(134,242,862)
Loans receivable, net	887,788,486	985,515,154
Operating lease right‐of‐use assets, net	81,289,240	85,631,304
Finance lease right‐of‐use assets, net	0	607,512
Property and equipment, net	23,926,080	24,476,231
Deferred income taxes, net	41,722,361	39,801,457
Other assets, net	43,422,669	35,901,704
Goodwill	7,370,791	7,370,791
Intangible assets, net	15,289,579	19,756,114
Total assets	1,117,318,141	1,218,296,589
Liabilities:
Senior notes payable	307,910,824	396,972,746
Senior unsecured notes payable, net	287,352,892	295,393,991
Income taxes payable	2,532,766	7,384,169
Operating lease liability	83,735,002	87,399,049
Finance lease liability	0	80,067
Accounts payable and accrued expenses	50,559,920	58,042,139
Total liabilities	732,091,404	845,272,161
Commitments and contingencies (Notes 9 and 16)
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 6,231,082 and 6,348,314 shares at March 31, 2023 and March 31, 2022, respectively	0	0
Additional paid-in capital	288,071,839	280,907,085
Retained earnings	97,154,898	92,117,343
Total shareholders' equity	385,226,737	373,024,428
Total liabilities and shareholders' equity	$ 1,117,318,141	$ 1,218,296,589

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Mar. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	95,000,000	95,000,000
Common stock, shares issued (in shares)	6,231,082	6,348,314
Common stock, shares outstanding (in shares)	6,231,082	6,348,314

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Interest and fee income	$ 508,335,681	$ 485,666,579	$ 451,113,502
Insurance and other income, net	108,209,683	99,520,174	76,876,904
Total revenues	616,545,364	585,186,753	527,990,406
Expenses:
Provision for credit losses	259,463,199	186,207,341	86,244,714
General and administrative expenses:
Personnel	177,690,957	183,058,343	184,620,515
Occupancy and equipment	52,106,567	52,084,641	56,160,268
Advertising	6,096,083	18,298,212	17,190,676
Amortization of intangible assets	4,466,535	5,010,275	5,474,240
Other	39,113,656	41,523,834	41,197,730
Total general and administrative expenses	279,473,798	299,975,305	304,643,429
Interest expense	50,462,594	33,424,788	25,698,836
Total expenses	589,399,591	519,607,434	416,586,979
Income before income taxes	27,145,773	65,579,319	111,403,427
Income taxes	5,913,783	11,659,482	23,120,599
Net income	$ 21,231,990	$ 53,919,837	$ 88,282,828
Net income per common share:
Basic (in dollars per share)	$ 3.69	$ 8.88	$ 13.59
Diluted (in dollars per share)	$ 3.60	$ 8.47	$ 13.23
Weighted average common shares outstanding:
Basic (in shares)	5,749,492	6,072,170	6,493,898
Diluted (in shares)	5,898,670	6,364,066	6,672,110

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Total	Impact of ASC 326 adoption	Common Stock	Additional Paid-in Capital	Retained Earnings
Beginning balance (shares) at Mar. 31, 2020			7,807,834
Beginning balance at Mar. 31, 2020	$ 411,963,067	$ (21,242,249)		$ 227,214,577	$ 184,748,490
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			165,237
Proceeds from exercise of stock options	12,268,554			12,268,554
Common stock repurchases (in shares)			(1,129,875)
Common stock repurchases	(102,452,302)				(102,452,302)
Restricted common stock expense under stock option plan, net of cancellations (in shares)			(37,902)
Restricted common stock expense under stock option plan, net of cancellations	12,302,869			12,302,869
Stock option expense	3,804,674			3,804,674
Net income	88,282,828				88,282,828
Ending balance (shares) at Mar. 31, 2021			6,805,294
Ending balance 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)			154,699
Proceeds from exercise of stock options	12,805,646			12,805,646
Common stock repurchases (in shares)			(589,533)
Common stock repurchases	(111,139,261)				(111,139,261)
Restricted common stock expense under stock option plan, net of cancellations (in shares)			(22,146)
Restricted common stock expense under stock option plan, net of cancellations	9,036,852			9,036,852
Stock option expense	3,473,913			3,473,913
Net income	$ 53,919,837				53,919,837
Ending balance (shares) at Mar. 31, 2022	6,348,314		6,348,314
Ending balance at Mar. 31, 2022	$ 373,024,428	$ (1,880,346)		280,907,085	92,117,343
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	Accounting Standards Update 2023-02
Proceeds from exercise of stock options (in shares)			7,569
Proceeds from exercise of stock options	$ 654,920			654,920
Common stock repurchases (in shares)			(73,643)
Common stock repurchases	(14,314,089)				(14,314,089)
Restricted common stock expense under stock option plan, net of cancellations (in shares)			(51,158)
Restricted common stock expense under stock option plan, net of cancellations	4,067,525			4,067,525
Stock option expense	2,442,309			2,442,309
Net income	$ 21,231,990				21,231,990
Ending balance (shares) at Mar. 31, 2023	6,231,082		6,231,082
Ending balance at Mar. 31, 2023	$ 385,226,737			$ 288,071,839	$ 97,154,898

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible List]		Accounting Standards Update 2023-02
Issuance of restricted common stock under stock option plan	$ 2,543,001	$ 5,072,230	$ 3,173,735

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Cash flow from operating activities:
Net income	$ 21,231,990	$ 53,919,837	$ 88,282,828
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on assets held for sale	0	38,633	37,579
Amortization of intangible assets	4,466,535	5,010,275	5,474,240
Amortization of historic tax credits	0	3,930,753	1,736,384
Accrued unearned interest	3,213,737	(9,032,020)	9,698,671
Gain on extinguishment of senior unsecured notes payable	(1,831,277)	0	0
Amortization of deferred loan costs	15,526,336	16,911,599	17,101,722
Amortization of debt issuance costs	1,654,916	1,095,325	659,292
Provision for credit losses	259,463,199	186,207,341	86,244,714
Depreciation	6,239,266	6,253,175	6,537,957
Amortization of finance leases	204,552	407,624	407,624
Gain on asset acquisition, net of income tax	(3,993,168)	0	0
Loss on sale of property and equipment	11,837	419,975	2,812,404
Deferred income tax expense (benefit)	(2,102,085)	(14,808,715)	5,651,362
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	9,052,835	17,582,995	19,281,278
Gain on sale of loans receivable	0	0	(24,667)
Gain on company-owned life insurance	(104,113)	(106,885)	(1,064,897)
Change in accounts:
Other assets, net	(9,147,152)	(8,193,529)	(4,234,933)
Income taxes payable and receivable	(4,851,403)	(4,191,692)	6,610,559
Accounts payable and accrued expenses	(7,482,219)	17,001,850	(18,258,393)
Net cash provided by operating activities	291,553,786	272,446,541	226,953,724
Cash flows from investing activities:
Increase in loans receivable, net	(152,154,050)	(436,311,573)	(56,143,765)
Cash paid for acquisitions, primarily loans	(23,131,758)	(10,859,984)	(19,774,252)
Purchases of property and equipment	(5,827,773)	(6,070,414)	(11,683,858)
Proceeds from sale of property and equipment	529,781	245,935	346,943
Proceeds from the sale of assets held for sale	0	1,104,895	2,810,391
Proceeds from the sale of loans receivable	0	0	449,327
Proceeds from company-owned life insurance	0	0	1,997,279
Net cash used in investing activities	(180,583,800)	(451,891,141)	(81,997,935)
Cash flow from financing activities:
Borrowings from senior notes payable	313,862,948	515,315,246	310,984,250
Payments on senior notes payable	(402,924,870)	(523,350,000)	(357,076,750)
Payments for extinguished senior unsecured notes payable	(7,171,700)	0	0
Issuance of senior unsecured notes payable	0	300,000,000	0
Debt issuance costs associated with senior unsecured notes payable	(19,656)	(5,119,647)	0
Payments for debt extinguishment costs	(22,850)	0	0
Debt issuance costs associated with senior notes payable	(1,139,008)	0	(784,250)
Proceeds from exercise of stock options	654,920	12,805,646	12,268,554
Payments for taxes related to net share settlement of equity awards	(2,543,001)	(5,072,230)	(3,173,735)
Repurchase of common stock	(14,314,089)	(111,139,261)	(102,452,302)
Repayment of finance lease	(80,067)	(505,286)	(594,024)
Net cash provided by (used in) financing activities	(113,697,373)	182,934,468	(140,828,257)
Net change in cash and cash equivalents	(2,727,387)	3,489,868	4,127,532
Cash and cash equivalents at beginning of year	19,236,322	15,746,454	11,618,922
Cash and cash equivalents at end of year	16,508,935	19,236,322	15,746,454
Supplemental Disclosures:
Interest paid during the year	51,761,768	21,318,911	24,993,898
Income taxes paid during the year	10,783,143	30,941,852	14,857,555
Finance lease right-of-use assets, net transferred to property and equipment, net	$ 402,960	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The Company's accounting and reporting policies are in accordance with GAAP and conform to general practices within the finance company industry. The following is a description of the more significant of these policies used in preparing the Consolidated Financial Statements. Nature of Operations The Company is a small-dollar consumer finance (installment loan) company headquartered in Greenville, South Carolina that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. It also offers income tax return preparation services to its customer base and to others. As of March 31, 2023, the Company operated 1,073 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin. Branches in the aforementioned states operate under one of the following names: World Finance Corporation or World Finance. Principles of Consolidation The Consolidated Financial Statements include the accounts of World Acceptance Corporation and its wholly-owned subsidiaries (the “Company”). Subsidiaries consist of operating entities in various states and WAC Insurance Company, Ltd. (a captive reinsurance company). All significant inter-company balances and transactions have been eliminated in consolidation. Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The most significant item subject to such estimates and assumptions that could materially change in the near term is the allowance for credit losses. Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity. Business Segments The Company reports operating segments in accordance with FASB ASC Topic 280. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. FASB ASC Topic 280 requires that a public enterprise report a measure of segment profit or loss, certain specific revenue and expense items, segment assets, information about the way that the operating segments were determined and other items. The Company has one reportable segment. The other revenue generating activities of the Company, including the sale of insurance products, income tax preparation, and the automobile club, are done within the existing branch network in conjunction with or as a complement to the lending operations. There is no discrete financial information available for these activities, and they do not meet the criteria under FASB ASC Topic 280 to be considered operating segments. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less from the date of original issuance to be cash equivalents. As of March 31, 2023 and 2022, the Company had $8.3 million and $7.8 million, respectively, in restricted cash associated with its captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company. Loans and Interest and Fee Income The Company is licensed to originate consumer loans in the states of Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Utah, and Wisconsin. During fiscal 2023, 2022, and 2021, the Company originated loans generally ranging up to $6,000 with terms of 60 months or fewer. Experience indicates that a majority of the consumer loans are refinanced, and the Company accounts for the majority of the refinancings as new loans. Generally, a customer must make multiple payments in order to qualify for refinancing. Furthermore, the Company's lending policy has predetermined lending amounts so that in most cases a refinancing will result in advancing additional funds. The Company believes that the advancement of additional funds constitutes more than a minor modification to the terms of the existing loan if the present value of the cash flows under the terms of the new loan will be 10% or more of the present value of the remaining cash flows under the terms of the original loan. The following table sets forth information about our loan products for fiscal 2023: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 500 $ 2,450 5 31 Large loans 2,500 33,450 10 60 Tax advance loans 500 5,000 8 8 Gross loans receivable at March 31, 2023 and 2022 consisted of the following: 2023 2022 Small loans $ 580,107,889 $ 727,852,627 Large loans 807,345,625 789,112,912 Tax advance loans 2,562,054 5,823,321 Total gross loans $ 1,390,015,568 $ 1,522,788,860 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 interest income at the time that loans are refinanced or paid in full except for those refinancings that do not constitute a more than minor modification. Loans are carried at the gross amount outstanding, reduced by unearned interest and insurance income, net of deferred origination fees and direct costs, and an allowance for credit losses. Net unamortized deferred origination costs were $4.9 million and $6.9 million as of March 31, 2023 and 2022, respectively. The Company recognizes interest and fee income using the interest method. Charges for late payments are recognized in interest and fee income when collected. With the exception of tax advance loans, which are interest free, the Company offers its loans at the prevailing statutory rates for terms not to exceed 60 months. Management believes that the carrying value approximates the fair value of its loan portfolio. Nonaccrual Policy The accrual of interest is discontinued when a loan is 61 days or more past the contractual due date. When the interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. While a loan is on nonaccrual status, interest income is recognized only when a payment is received. Once a loan moves to nonaccrual status, it remains in nonaccrual status until it is paid out, charged off or refinanced. Allowance for Credit Losses Refer to Note 2, “Allowance for Credit Losses and Credit Quality Information”, for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes. Impaired Loans The Company defines impaired loans as bankrupt accounts and accounts 91 days or more past due on a recency basis. In accordance with the Company’s charge-off policy, once a loan is deemed uncollectible, 100% of the net investment is charged off, except in the case of a borrower who has filed for bankruptcy. As of March 31, 2023 and 2022, bankrupt accounts that had not been charged off were approximately $6.8 million and $5.4 million, respectively. Bankrupt accounts 91 days or more past due on a recency basis are reserved at 100% of the gross loan balance. The Company also considers any accounts 91 days or more past due on a recency basis to be impaired, and such accounts are reserved at 100% of the gross loan balance, less a rehab rate for defaulted loans that do not charge-off. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is recorded using the straight-line method over the estimated useful life of the related asset as follows: buildings, 25 to 40 years; furniture and fixtures, 5 to 10 years; equipment, 3 to 7 years; and vehicles, 3 years. Amortization of leasehold improvements is recorded using the straight-line method over the lesser of the estimated useful life of the asset, which is generally five years, or the lease term, which is generally three Leases For any new or modified lease, the Company, at the inception of the contract, determines whether a contract is or contains a lease. The Company records ROU assets and lease liabilities for its leases, which are initially recognized based on the discounted future lease payments over the term of the lease. The Company uses its effective annual or fourth quarter interest rate as the discount rate when evaluating leases. Refer to Note 9, "Leases", for further discussion of the discount rate. Lease term is defined as the non-cancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company has elected not to recognize ROU assets and lease obligations for its short-term equipment leases, which are defined as leases with an initial term of 12 months or less. Further, the Company has elected to not separate lease from non-lease components. Variable lease costs include expenses such as common area maintenance, utilities, and repairs and maintenance. Other Assets Other assets include cash surrender value of life insurance policies, HTC investments, prepaid expenses, debt issuance costs related to the senior notes payable, and other deposits and receivables. Debt Issuance Costs In accordance with ASC 835, debt issuance costs related to the senior unsecured notes payable are presented as a direct deduction from its carrying value in the Consolidated Balance Sheets. Unamortized debt issuance costs related to the senior unsecured notes payable as of March 31, 2023 and 2022 were $3.5 million and 4.6 million, respectively. As the Company intends to pay down the senior notes payable throughout the contractual arrangement, debt issuance costs related to this arrangement are presented as an asset within Other assets in the Consolidated Balance Sheets as discussed above. Unamortized debt issuance costs related to the senior notes payable as of March 31, 2023 and 2022 were $1.2 million and $0.7 million, respectively. Intangible Assets and Goodwill Intangible assets include the cost of acquiring existing customers ("customer lists") and the fair value assigned to non-compete agreements. Customer lists are amortized on a straight line or accelerated basis over their estimated period of benefit, ranging from 8 to 23 years with a weighted average of approximately 9.4 years. Non-compete agreements are amortized on a straight line basis over the term of the agreement, ranging from 3 to 5.3 years with a weighted average of approximately 4.7 years. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs, in accordance with FASB ASC Topic 360-10-05. If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance. In most acquisitions, the original fair value of the customer list allocated to a branch is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial. Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates the fair value. The fair value of the customer lists is based on a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. In a business combination, the remaining excess of the purchase price over the fair value of the tangible assets, customer list, and non-compete agreements is allocated to goodwill. The branches the Company acquires are small, privately-owned branches, which do not have sufficient historical data to determine customer attrition. The Company believes that the customers acquired have the same characteristics and perform similarly to its customers. Therefore, the Company utilized the attrition patterns of its customers when developing the estimate of attrition for acquired customers. This estimation method is re-evaluated periodically. The Company evaluates goodwill annually for impairment in the fourth quarter of the fiscal year using the market value-based approach. The Company has one reporting unit, and the Company has multiple components, the lowest level of which is individual branches. The Company’s components are aggregated for impairment testing as they have similar economic characteristics. Impairment of Long-Lived Assets The Company assesses impairment of long-lived assets, including property and equipment and intangible assets, whenever changes or events indicate that the carrying amount may not be recoverable. The Company assesses impairment of these assets generally at the branch level based on the operating cash flows of the branch and the Company’s plans for branch closings. The Company will write down such assets to fair value if, based on an analysis, the sum of the expected future undiscounted cash flows is less than the carrying amount of the assets. The Company did not record any impairment charges for the fiscal years ended March 31, 2023, 2022, or 2021. Fair Value of Financial Instruments FASB ASC Topic 825 requires disclosures about the fair value of all financial instruments, regardless of whether the financial instrument is recognized on the balance sheet, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. The Company’s financial instruments for the periods reported consist of the following: cash and cash equivalents, loans receivable, senior notes payable, and senior unsecured notes payable. Loans receivable are originated at prevailing market rates and have an average life of less than twelve months. Given the short-term nature of these loans, they are continually repriced at current market rates. The Company’s senior notes payable has a variable rate based on a margin over SOFR and reprices with any changes in SOFR. The fair value of the senior unsecured notes payable is estimated based on quoted prices in markets that are not active. Insurance Premiums and Commissions Insurance premiums for credit life, accident and health, property and unemployment insurance written in connection with certain loans, net of refunds and applicable advance insurance commissions retained by the Company, are remitted monthly to an insurance company. All commissions are recorded to unearned insurance commissions and recognized as insurance income over the life of the related insurance contracts. The Company recognizes insurance income using the Rule of 78s method for credit life (decreasing term), credit accident and health, unemployment insurance and the Pro Rata method for credit life (level term) and credit property. Non-filing Insurance Non-filing insurance premiums are charged on certain loans in lieu of recording and perfecting the Company's security interest in the assets pledged. The premiums and recoveries are remitted to a third party insurance company and are not reflected in the accompanying Consolidated Financial Statements (see Note 8). Claims paid by the third party insurance company result in a reduction to credit losses. Certain losses related to such loans, which are not recoverable through life, accident and health, property, or unemployment insurance claims, are reimbursed through non-filing insurance claims subject to policy limitations. Any remaining losses are charged to the allowance for credit losses. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment related to additional facts and circumstances occurs. Earnings Per Share Earnings per share (“EPS”) is computed in accordance with FASB ASC Topic 260. Basic EPS includes no dilution and is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of securities that could share in the earnings of the Company. Potential common stock included in the diluted EPS computation consists of stock options and restricted stock, which are computed using the treasury stock method. See Note 11 for the reconciliation of the numerators and denominators for basic and dilutive EPS calculations. Stock-Based Compensation FASB ASC Topic 718-10 requires companies to recognize in the income statement the grant-date fair value of stock options and other equity-based compensation issued to employees. FASB ASC Topic 718-10 does not change the accounting guidance for share-based payment transactions with parties other than employees provided in FASB ASC Topic 718-10. Under FASB ASC Topic 718-10, the way an award is classified will affect the measurement of compensation cost. Liability-classified awards are remeasured to fair value at each balance-sheet date until the award is settled. Equity-classified awards are measured at grant-date fair value, amortized over the subsequent vesting period, and are not subsequently remeasured. The fair value of non-vested stock awards for the purposes of recognizing stock-based compensation expense is the market price of the stock on the grant date. The fair value of options is estimated on the grant date using the Black-Scholes option pricing model (see Note 12). The Company accounts for forfeitures as they occur. At March 31, 2023, the Company had several share-based employee compensation plans, which are described more fully in Note 12. Share Repurchases On February 24, 2022, the Board of Directors authorized the Company to repurchase up to $30.0 million of the Company’s outstanding common stock, inclusive of the amount that remains available for repurchase under prior repurchase authorizations. As of March 31, 2023, the Company had $1.1 million in aggregate remaining repurchase capacity under its current share repurchase program. The timing and actual number of shares of common stock repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, restrictions under the revolving credit facility and other market and economic conditions. The Company continues to believe stock repurchases are a viable component of the Company’s long-term financial strategy and an excellent use of excess cash when the opportunity arises. As of March 31, 2023 our debt outstanding was $595.3 million, net of $3.5 million unamortized debt issuance costs related to the unsecured senior notes payable, and our shareholders' equity was $385.2 million resulting in a debt-to-equity ratio of 1.6:1.0. Concentration of Risk The Company generally serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. During the year ended March 31, 2023, the Company operated in sixteen states in the United States. For fiscal years ended March 31, 2023, 2022, and 2021, gross loan receivable within the Company's four largest states accounted for approximately 52% of the Company's gross loans receivable balance. The Company maintains amounts in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced losses in such accounts, which are maintained with large domestic banks. Management believes the Company’s exposure to credit risk is minimal for these accounts. Advertising Costs Advertising costs are expensed when incurred. Advertising costs were approximately $6.1 million, $18.3 million, and $17.2 million for fiscal years 2023, 2022, and 2021, respectively. Recently Adopted Accounting Standards Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method In March 2023, the FASB issued ASU No. 2023-02, Investments- Equity Method and Joint Venture (Topic 323) . The amendments in this ASU permit reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted in any interim period. If an entity adopts the amendments in an interim period, it shall adopt them as of the beginning of the fiscal year that includes that interim period. The amendments in this pronouncement must be applied on either a modified retrospective or retrospective basis. The Company adopted this ASU as of April 1, 2022 using the modified retrospective approach. The adoption of this ASU resulted in a $1.9 million cumulative adjustment to the opening balance of retained earnings. Refer to Note 10 for further details. Recently Issued Accounting Standards Not Yet Adopted Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-02, Troubled Debt Restructurings and Vintage Disclosures . The amendments in this update eliminate the accounting guidance for troubled debt restructurings by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors , while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, for public business entities, the amendments in this update require that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost . For entities that have adopted the amendments in Update 2016-13, the amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively, with the exception of the transition method related to the recognition and measurement of troubled debt restructurings in which an entity has the option to apply a modified retrospective transition method. Early adoption is permitted. We are currently evaluating the impact the adoption of this update will have on our Consolidated Financial Statements. We reviewed all other newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the Consolidated Financial Statements as a result of future adoption.

Allowance for Credit Losses and

Allowance for Credit Losses and Credit Quality Information	12 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Allowance for Credit Losses and Credit Quality Information	Allowance for Credit Losses and Credit Quality Information The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure March 31, 2023 March 31, 2022 0 to 5 months $ 81,803,668 $ 198,740,475 6 to 17 months 133,650,188 133,665,566 18 to 35 months 135,396,187 204,940,323 36 to 59 months 244,414,255 214,956,857 60+ months 792,189,216 764,662,319 Tax advance loans 2,562,054 5,823,320 Total gross loans $ 1,390,015,568 $ 1,522,788,860 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 Statements of Operations. Based on the Company’s loan products, the purpose and the term, current payment performance is used to assess the capability of the borrower to repay contractual obligations of the loan agreements as scheduled. Current payment performance is monitored by management on a daily basis. On an as needed basis, qualitative information may be taken into consideration if new information arises related to the customer’s ability to repay the loan. The Company’s payment performance buckets are as follows: current, 30-60 days past due, 61-90 days past due, 91 days or more past due. The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,200,504,088 $ 62,076,656 $ 1,998,218 $ 148,662 $ 23,046 $ 6,863 $ 1,264,757,533 30 - 60 days past due 40,791,746 4,689,867 160,956 42,700 8,504 2,988 45,696,761 61 - 90 days past due 26,319,250 2,572,733 92,088 40,281 884 — 29,025,236 91 or more days past due 41,832,821 5,944,645 160,361 29,494 4,430 2,233 47,973,984 Total $ 1,309,447,905 $ 75,283,901 $ 2,411,623 $ 261,137 $ 36,864 $ 12,084 $ 1,387,453,514 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 1,932,607 $ 3,524 $ — $ — $ — $ — $ 1,936,131 30 - 60 days past due 609,844 736 — — — — 610,580 61 - 90 days past due — 4,845 — — — — 4,845 91 or more days past due 409 10,089 — — — — 10,498 Total $ 2,542,860 $ 19,194 $ — $ — $ — $ — $ 2,562,054 Total gross loans $ 1,390,015,568 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2022: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,322,332,136 $ 34,273,199 $ 2,665,078 $ 152,105 $ 21,539 $ 3,972 $ 1,359,448,029 30 - 60 days past due 49,517,859 2,114,463 247,291 28,011 2,664 — 51,910,288 61 - 90 days past due 36,707,960 989,136 130,763 13,031 5,594 — 37,846,484 91 or more days past due 64,238,626 3,239,753 248,596 24,377 5,386 4,001 67,760,739 Total $ 1,472,796,581 $ 40,616,551 $ 3,291,728 $ 217,524 $ 35,183 $ 7,973 $ 1,516,965,540 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 4,737,741 $ 7,033 $ — $ — $ — $ — $ 4,744,774 30 - 60 days past due 1,060,811 1,334 — — — — 1,062,145 61 - 90 days past due — 432 — — — — 432 91 or more days past due 2,922 13,047 — — — — 15,969 Total $ 5,801,474 $ 21,846 $ — $ — $ — $ — $ 5,823,320 Total gross loans $ 1,522,788,860 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,174,237,761 $ 53,652,011 $ 1,554,144 $ 64,233 $ 5,142 $ 1,491 $ 1,229,514,782 30 - 60 days past due 47,346,331 3,661,493 77,857 6,714 — — 51,092,395 61 - 90 days past due 33,012,804 3,030,052 44,129 7,643 — — 36,094,628 91 or more days past due 54,851,010 14,940,345 735,493 182,547 31,721 10,593 70,751,709 Total $ 1,309,447,906 $ 75,283,901 $ 2,411,623 $ 261,137 $ 36,863 $ 12,084 $ 1,387,453,514 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 1,932,607 $ — $ — $ — $ — $ — $ 1,932,607 30 - 60 days past due 609,844 — — — — — 609,844 61 - 90 days past due — — — — — — — 91 or more days past due 409 19,194 — — — — 19,603 Total $ 2,542,860 $ 19,194 $ — $ — $ — $ — $ 2,562,054 Total gross loans $ 1,390,015,568 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2022: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,290,448,366 $ 29,913,995 $ 1,994,474 $ 68,836 $ 9,586 $ 699 $ 1,322,435,956 30 - 60 days past due 57,225,953 1,508,794 91,118 5,519 — — 58,831,384 61 - 90 days past due 45,276,797 1,271,187 96,233 986 — — 46,645,203 91 or more days past due 79,845,465 7,922,574 1,109,903 142,183 25,598 7,274 89,052,997 Total $ 1,472,796,581 $ 40,616,550 $ 3,291,728 $ 217,524 $ 35,184 $ 7,973 $ 1,516,965,540 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 4,737,741 $ — $ — $ — $ — $ — $ 4,737,741 30 - 60 days past due 1,060,329 — — — — — 1,060,329 61 - 90 days past due — — — — — — — 91 or more days past due 3,404 21,846 — — — — 25,250 Total $ 5,801,474 $ 21,846 $ — $ — $ — $ — $ 5,823,320 Total gross loans $ 1,522,788,860 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 looks 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 used 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 first pay success for new borrowers, 60-89 day delinquencies on a recency basis, FICO scores, percent of loan balances that are paying and percentage of gross loans that are acquired loans. From time to time, the Company will make changes, as deemed appropriate, to our new borrower (NB) underwriting guidance. As a result, management also considers whether a change in our NB underwriting might suggest a change is needed to the allowance for credit losses. As of March 31, 2023, there were no current credit conditions or other factors considered significant enough to warrant a change to the allowance for credit losses. Due to the short term nature of the loan portfolio, forecasted changes in macro-economic variables such as unemployment do not have a significant impact on loans outstanding at the end of a particular reporting period. Therefore, management develops a reasonable and supportable forecast of losses by comparing the most recent 6-month loss curves as compared to historical loss curves to see if there are significant changes in borrower behavior that may indicate the historical migration rates should be adjusted. If an adjustment is made as a result of the forecast, then the Company has elected to immediately revert back to historical experience past the forecast period. The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2023: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 64,615,315 $ 5,451,276 $ 4,407,751 $ 7,329,327 $ 17,188,354 $ 81,803,669 6 to 17 months 113,946,833 6,527,355 4,655,441 8,520,559 19,703,355 133,650,188 18 to 35 months 120,125,820 5,336,994 3,727,331 6,206,041 15,270,366 135,396,186 36 to 59 months 217,851,608 7,871,872 4,713,501 7,525,438 20,110,811 237,962,419 60+ months 748,217,957 20,509,264 11,521,212 18,392,619 50,423,095 798,641,052 Tax advance loans 1,936,131 610,580 4,845 10,498 625,923 2,562,054 Total gross loans 1,266,693,664 46,307,341 29,030,081 47,984,482 123,321,904 1,390,015,568 Unearned interest, insurance and fees (343,255,876) (12,548,627) (7,866,737) (13,003,109) (33,418,473) (376,674,349) Total net loans $ 923,437,788 $ 33,758,714 $ 21,163,344 $ 34,981,373 $ 89,903,431 $ 1,013,341,219 Percentage of period-end gross loans receivable 3.3% 2.1% 3.5% 8.9% The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2022: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 145,168,588 $ 13,450,365 $ 14,196,717 $ 25,924,805 $ 53,571,887 $ 198,740,475 6 to 17 months 116,065,794 5,548,699 4,148,743 7,902,330 17,599,772 133,665,566 18 to 35 months 183,697,553 7,220,814 4,903,686 9,118,270 21,242,770 204,940,323 36 to 59 months 193,820,229 5,951,049 3,452,087 5,712,662 15,115,798 208,936,027 60+ months 720,695,865 19,739,361 11,145,251 19,102,672 49,987,284 770,683,149 Tax advance loans 4,744,774 1,062,145 432 15,969 1,078,546 5,823,320 Total gross loans 1,364,192,803 52,972,433 37,846,916 67,776,708 158,596,057 1,522,788,860 Unearned interest, insurance and fees (361,055,818) (14,020,016) (10,016,802) (17,938,208) (41,975,027) (403,030,844) Total net loans $ 1,003,136,985 $ 38,952,417 $ 27,830,114 $ 49,838,500 $ 116,621,030 $ 1,119,758,016 Percentage of period-end gross loans receivable 3.5% 2.5% 4.5% 10.4% 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, 2023: Days Past Due - Contractual Basis Loans Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 61,850,144 $ 5,320,659 $ 4,864,498 $ 9,768,369 $ 19,953,526 $ 81,803,670 6 to 17 months 109,694,389 6,892,610 5,613,468 11,449,721 23,955,799 133,650,188 18 to 35 months 115,711,781 5,721,694 4,499,010 9,463,701 19,684,405 135,396,186 36 to 59 months 212,104,582 8,751,303 5,917,982 11,188,551 25,857,836 237,962,418 60+ months 730,153,886 24,406,129 15,199,670 28,881,367 68,487,166 798,641,052 Tax advance loans 1,932,607 609,844 — 19,603 629,447 2,562,054 Total gross loans $ 1,231,447,389 $ 51,702,239 $ 36,094,628 $ 70,771,312 $ 158,568,179 $ 1,390,015,568 Unearned interest, insurance and fees $ (333,704,639) $ (14,010,568) $ (9,781,128) $ (19,178,014) $ (42,969,710) $ (376,674,349) Total net loans $ 897,742,750 $ 37,691,671 $ 26,313,500 $ 51,593,298 $ 115,598,469 $ 1,013,341,219 Percentage of period-end gross loans receivable 3.7% 2.6% 5.1% 11.4% 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, 2022: Days Past Due - Contractual Basis Loans Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 140,570,461 $ 14,090,712 $ 15,380,836 $ 28,698,466 $ 58,170,014 $ 198,740,475 6 to 17 months 112,465,841 6,032,347 4,922,939 10,244,439 21,199,725 133,665,566 18 to 35 months 177,565,328 8,067,815 6,273,351 13,033,829 27,374,995 204,940,323 36 to 59 months 188,849,569 6,994,891 4,624,136 8,467,431 20,086,458 208,936,027 60+ months 702,984,756 23,645,619 15,443,941 28,608,833 67,698,393 770,683,149 Tax advance loans 4,737,742 1,060,329 — 25,249 1,085,578 5,823,320 Total gross loans $ 1,327,173,697 $ 59,891,713 $ 46,645,203 $ 89,078,247 $ 195,615,163 $ 1,522,788,860 Unearned interest, insurance and fees $ (351,258,109) $ (15,851,316) $ (12,345,412) $ (23,576,007) $ (51,772,735) $ (403,030,844) Total net loans $ 975,915,588 $ 44,040,397 $ 34,299,791 $ 65,502,240 $ 143,842,428 $ 1,119,758,016 Percentage of period-end gross loans receivable 3.9% 3.1% 5.8% 12.8% 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 income 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 twelve months ended March 31, 2023 and March 31, 2022, the Company reversed a total of $36.5 million and $30.6 million, respectively of unpaid accrued interest against interest income. The following table presents the amortized cost basis of loans on nonaccrual status as of March 31, 2023 and March 31, 2022, as well as interest income recognized on nonaccrual loans for the years ended March 31, 2023, 2022, and 2021: Nonaccrual Loans Receivable Customer Tenure As of March 31, 2023 As of March 31, 2022 Interest Income Interest Income Interest Income 0 to 5 months $ 15,781,494 $ 45,227,510 $ 2,032,098 $ 1,485,356 $ 1,705,371 6 to 17 months 18,288,714 15,879,250 1,815,167 1,662,082 2,433,144 18 to 35 months 15,551,806 20,745,106 2,385,356 2,292,776 2,195,160 36 to 59 months 19,175,410 14,232,388 2,326,640 1,602,011 1,609,059 60+ months 49,855,801 47,565,819 7,047,726 5,615,521 6,747,722 Tax advance loans 19,603 25,249 — — — Unearned interest, insurance and fees (32,158,640) (38,026,011) — — — Total $ 86,514,188 $ 105,649,311 $ 15,606,987 $ 12,657,746 $ 14,690,456 As of March 31, 2023 and March 31, 2022, there were no loans receivable 61 days or more past due, not on nonaccrual status, and no loans receivable with no related allowance for credit losses. The following is a summary of the changes in the allowance for credit losses for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Balance at beginning of period $ 134,242,862 $ 91,722,288 $ 96,487,856 Impact of ASC 326 adoption — — 28,628,368 Provision for credit losses 259,463,199 186,207,341 86,244,714 Charge-offs 1 (302,380,145) (164,747,552) (141,270,125) Recoveries 2 34,226,817 21,060,785 21,631,475 Net charge-off (268,153,328) (143,686,767) (119,638,650) Balance at end of period $ 125,552,733 $ 134,242,862 $ 91,722,288

Property and Equipment

Property and Equipment	12 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consist of: March 31, 2023 March 31, 2022 Land $ 100,443 $ 100,443 Building and leasehold improvements 18,504,321 18,477,313 Furniture and equipment 56,482,568 56,273,499 75,087,332 74,851,255 Less accumulated depreciation and amortization (51,161,252) (50,375,024) Total $ 23,926,080 $ 24,476,231 Depreciation expense was approximately $6.2 million, $6.3 million, and $6.5 million for the years ended March 31, 2023, 2022, and 2021, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Mar. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets: March 31, 2023 March 31, 2022 Gross Carrying Accumulated Net Intangible Asset Gross Carrying Accumulated Net Intangible Asset Cost of customer lists $ 55,730,620 $ (40,950,350) $ 14,780,270 $ 55,730,620 $ (36,907,598) $ 18,823,022 Value assigned to non-compete agreements 10,528,143 (10,018,834) 509,309 10,528,143 (9,595,051) 933,092 Total $ 66,258,763 $ (50,969,184) $ 15,289,579 $ 66,258,763 $ (46,502,649) $ 19,756,114 The estimated amortization expense for intangible assets for future fiscal years ended March 31 is as follows: $4.2 million for 2024; $3.8 million for 2025; $3.2 million for 2026; $2.7 million for 2027; $0.9 million for 2028; and an aggregate of $0.5 million for the years thereafter.

Goodwill

Goodwill	12 Months Ended
	Mar. 31, 2023
Goodwill [Abstract]
Goodwill	GoodwillAs of March 31, 2023 and 2022, goodwill was $7.4 million. There were no goodwill additions during fiscal 2023 and 2022. The Company performed an annual impairment test during the fourth quarters of fiscal 2023 and 2022 and determined none of its recorded goodwill was impaired.

Debt

Debt	12 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt Senior Notes Payable; Revolving Credit Facility At March 31, 2023, the Company's senior notes payable consisted of a $685.0 million senior revolving credit facility, which has an accordion feature permitting the maximum aggregate commitments to increase to $785.0 million provided that certain conditions are met. At March 31, 2023, $307.9 million was outstanding under the facility, not including a $300.0 thousand outstanding standby letter of credit related to workers compensation. To the extent that the letter of credit is drawn upon, the disbursement will be funded by the credit facility. There are no amounts due related to the letter of credit as of March 31, 2023. The letter of credit expires on December 31, 2023; 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 one month SOFR plus 0.10% and 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 $1.29 million, $1.34 million, and $1.30 million for the years ended March 31, 2023, 2022, and 2021, respectively. Borrowings under the revolving credit facility mature on June 7, 2024. For the years ended March 31, 2023, 2022, and 2021 the Company’s effective interest rate, including the commitment fee, was 7.0%, 5.0%, and 5.8% respectively, and the unused amount available under the revolver at March 31, 2023 was $318.7 million. 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. During fiscal 2023, the Company repurchased and extinguished $9.0 million of its Notes, net of $0.1 million unamortized debt issuance costs related to the extinguished debt, on the open market for a reacquisition price of $7.2 million. In accordance with ASC 470, the Company recognized the $1.8 million gain on extinguishment as a component of interest expense in the Company's Consolidated Statements of Operations. Debt Covenants The agreement governing the Company’s revolving credit facility contains affirmative and negative covenants, including covenants that restrict the ability of the Company and its subsidiaries to, among other things, incur or guarantee indebtedness, incur liens, pay dividends and repurchase or redeem capital stock, dispose of assets, engage in mergers and consolidations, make acquisitions or other investments, redeem or prepay subordinated debt, amend subordinated debt documents, make changes in the nature of its business, and engage in transactions with affiliates. The agreement 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 agreement's financial covenants include (i) a minimum consolidated net worth of $325.0 million on and after December 31, 2020; (ii) a maximum ratio of total debt to consolidated adjusted net worth of 2.5 to 1.0 (decreasing to 2.25 to 1.0 for the fiscal quarters ending March 31, 2023 and June 30, 2023, 2.0 to 1.0 for the fiscal quarter ending September 30, 2023, 2.25 to 1.0 for the fiscal quarter ending December 31, 2023); (iii) a maximum collateral performance indicator of 26.0% as of the end of each calendar month (increasing to 28% for the calendar months ending October 31, 2022 through June 30, 2023); and (iv) a minimum fixed charges coverage ratio of 1.25 to 1.0 for the fiscal quarter ended December 31, 2022, 1.15 to 1.0 for the fiscal quarters ending March 31, 2023 and June 30, 2023, 1.50 to 1.0 for the fiscal quarter ending September 30, 2023, 2.0 to 1.0 for the fiscal quarter ending December 31, 2023, and 2.75 to 1.0 for each fiscal quarter thereafter, where the ratio for the most recent four consecutive fiscal quarters must be at least 2.0 to 1.0 in order for the Company to declare dividends or purchase any class or series of its capital stock or other equity. The collateral performance indicator is equal to the sum of (a) a three-month rolling average rate of receivables at least sixty days past due and (b) an eight-month rolling average net charge-off rate. The Company was in compliance with these covenants at March 31, 2023 and does not believe that these covenants will materially limit its business and expansion strategy. The agreement contains events of default including, without limitation, nonpayment of principal, interest or other obligations, violation of covenants, misrepresentation, cross-default to other debt, bankruptcy and other insolvency events, judgments, certain ERISA events, actual or asserted invalidity of loan documentation, invalidity of subordination provisions of subordinated debt, certain changes of control of the Company, and the occurrence of certain regulatory events (including the entry of any stay, order, judgment, ruling or similar event related to the Company’s or any of its subsidiaries’ originating, holding, pledging, collecting or enforcing its eligible loans 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. 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. Debt Maturities As of March 31, 2023, the aggregate annual maturities of the Company's debt arrangements for each of the five fiscal years subsequent to March 31, 2023 were as follows: 2024 $ — 2025 307,910,824 2026 — 2027 290,860,000 2028 — Total future debt payments $ 598,770,824

Insurance and Other Income

Insurance and Other Income	12 Months Ended
	Mar. 31, 2023
Insurance Commissions and other income [Abstract]
Insurance and Other Income	Insurance and Other Income Insurance and other income for the years ending March 31, 2023, 2022, and 2021 consist of: 2023 2022 2021 Insurance revenue $ 67,153,063 $ 56,270,249 $ 44,214,454 Tax return preparation revenue 23,970,639 24,498,059 20,555,226 Auto club membership revenue 9,661,126 14,758,783 7,863,145 Other 7,424,855 3,993,083 4,244,079 Insurance and other income $ 108,209,683 $ 99,520,174 $ 76,876,904 The Company has a wholly-owned, captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company. Certain coverages currently sold by the Company on behalf of the unaffiliated insurance carrier are ceded by the carrier to the captive insurance subsidiary, providing the Company with an additional source of income derived from the earned reinsurance premiums. Insurance premiums are ceded to the reinsurance subsidiary as written and revenue is recognized over the life of the related insurance contracts. As of March 31, 2023, 2022, and 2021, the amount of net written premiums by the reinsurance subsidiary were $9.0 million, $9.8 million, and $5.9 million, respectively, and the amount of earned premiums were $9.1 million, $7.6 million, and $6.0 million, respectively.

Non-filing Insurance

Non-filing Insurance	12 Months Ended
	Mar. 31, 2023
Non-file Insurance [Abstract]
Non-filing Insurance	Non-filing Insurance The Company maintains non-filing insurance coverage with an unaffiliated insurance company. The following is a summary of the non-filing insurance activity for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Insurance premiums written $ 6,732,057 $ 8,804,046 $ 7,072,647 Recoveries on claims paid $ 1,143,332 $ 982,025 $ 959,620 Claims paid $ 12,026,092 $ 6,336,549 $ 5,223,484

Leases

Leases	12 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	Leases Accounting Policies and Matters Requiring Management's Judgment The Company uses its effective annual or fourth quarter interest rate to determine the discount rate when evaluating leases under Topic 842. Management applies its effective interest rate to leases entered for the entirety of the subsequent year. For example, fiscal 2022’s fourth quarter effective interest rate of 6.0% was used in the determination of lease type as well as the discount rate when calculating the present value of lease payments for all leases entered into in fiscal 2023. Note that in fiscal 2023, it was determined most reasonable to use fiscal 2022's fourth quarter effective interest rate as the Notes was not effective until September 27, 2021. 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 operating leases consist of real estate leases for office space as well as office equipment. Both the branch real estate and office equipment lease terms generally range from three years to five years, and generally contain options to extend which mirror the original terms of the lease. During the second quarter of fiscal 2023, the lease terms associated with the Company's finance leases expired and the Company exercised its purchase option to acquire the IT equipment. Because it was reasonably certain that the Company would obtain the assets at the end of their lease terms, the right-of-use assets are amortized over the useful life of the assets, rather than over the lease terms. The following table reports information about the Company's lease costs for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Lease Cost Finance lease cost $ 205,975 $ 427,619 $ 466,168 Amortization of right-of-use assets 204,552 407,624 407,624 Interest on lease liabilities 1,423 19,995 58,544 Operating lease cost $ 27,408,284 $ 27,529,425 $ 27,977,226 Short-term lease cost — — 1,800 Variable lease cost 3,710,560 3,629,903 3,621,748 Total lease cost $ 31,324,819 $ 31,586,947 $ 32,066,942 The following table reports other information about the Company's leases for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 26,476,133 $ 27,936,317 $ 28,211,828 Operating cash flows from finance leases 1,423 19,994 58,544 Operating cash flows from operating leases 26,394,643 27,411,037 27,559,260 Financing cash flows from finance leases 80,067 505,286 594,024 Right-of-use assets obtained in exchange for new finance lease liabilities $ — $ — $ — Right-of-use assets obtained in exchange for new operating lease liabilities $ 16,924,511 $ 15,381,953 $ 12,482,167 Weighted-average remaining lease term — finance leases — 0.4 years 0.8 years Weighted average remaining lease term — operating leases 7.1 years 7.3 years 7.3 years Weighted-average discount rate (monthly) — finance leases — % 6.0 % 6.4 % Weighted-average discount rate — operating leases 6.0 % 6.1 % 6.3 % The aggregate annual lease obligations as of fiscal year March 31, 2023, are as follows: Operating 2024 $ 23,157,355 2025 18,479,719 2026 15,057,068 2027 11,178,325 2028 8,640,247 Thereafter 27,716,477 Total undiscounted lease liability $ 104,229,191 Imputed interest 20,494,189 Total discounted lease liability $ 83,735,002 The Company had no leases with related parties as of fiscal year March 31, 2023 or 2022.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As discussed in Note 1, the Company adopted ASU 2023-02, Investments- Equity Method and Joint Ventures , on a modified retrospective basis effective April 1, 2022. Prior to the adoption of this pronouncement, the Company recognized its HTC investment under the flow through method over the five-year investment period on a straight-line basis as a component of other expense. With the adoption of this ASU, the Company now recognizes the investment of the HTC under the proportional amortization method which allows the investment to be recognized in proportion to the tax credit as a component of income tax expense. During the current fiscal year, the Company recorded a cumulative adjustment of $1.9 million to the opening balance of retained earnings, which represents the net difference between the investment amortization under the two methods through the April 1, 2022 adoption date. As of March 31, 2023, Investment in HTC was $23.0 million, which is included as a component of Other assets, net in the Consolidated Balance Sheets. For the fiscal year ended March 31, 2023, the Company recognized net amortization of $2.1 million and $1.9 million of tax benefits from these investments in income tax expense and also recognized the $1.9 million of tax benefits from these investments in Income taxes payable in the Consolidated Statements of Cash Flows. The Company did not recognize any non-tax related activity or have any significant modifications to its investments during the current fiscal year. Income tax expense (benefit) consists of: Current Deferred Total Year ended March 31, 2023 Federal $ 7,135,030 (1,430,623) 5,704,407 State and local 880,838 (671,462) 209,376 $ 8,015,868 (2,102,085) 5,913,783 Year ended March 31, 2022 Federal $ 22,262,110 (11,892,354) 10,369,756 State and local 4,206,087 (2,916,361) 1,289,726 $ 26,468,197 (14,808,715) 11,659,482 Year ended March 31, 2021 Federal $ 16,443,592 4,077,609 20,521,201 State and local 1,025,645 1,573,753 2,599,398 $ 17,469,237 5,651,362 23,120,599 The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax expense for March 31, 2023, 2022 and 2021 are summarized as follows: 2023 2022 2021 Expected income tax $ 5,700,613 $ 13,771,657 $ 23,394,720 Increase (reduction) in income taxes resulting from: State tax (excluding state tax credits), net of federal benefit 328,026 1,489,800 2,053,524 Federal tax credits, net (200,203) (1,193,021) (1,173,435) State tax credits (162,619) (470,916) — Uncertain tax positions (1,151,234) (555,252) (2,107,263) Executive compensation limitation under Section 162(m) 732,504 1,918,618 1,203,203 Excess tax benefits related to equity compensation (73,644) (3,237,682) (996,769) Other, net 740,340 (63,722) 746,619 $ 5,913,783 $ 11,659,482 $ 23,120,599 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2023 and 2022 are presented below: 2023 2022 Deferred tax assets: Allowance for credit losses $ 31,239,616 $ 33,481,188 Unearned insurance commissions 14,589,099 15,453,501 Accrued expenses primarily related to employee benefits 12,444,567 12,549,474 Reserve for uncollectible interest 1,124,879 1,261,035 Lease liability 20,675,974 21,575,596 Intangible assets 660,312 254,986 Foreign tax credit carryforward 3,254,926 3,254,926 Capital loss carryforward 7,966,326 7,966,326 State net operating loss carryforwards 4,851,747 3,849,158 Gross deferred tax assets 96,807,446 99,646,190 Less valuation allowance (15,209,271) (14,723,244) Net deferred tax assets 81,598,175 84,922,946 Deferred tax liabilities: Fair value adjustment for loans receivable (11,371,461) (13,896,840) Property and equipment (4,611,006) (4,875,859) Deferred loan origination costs (1,212,809) (1,708,369) Prepaid expenses (1,766,564) (1,785,906) Right-of-use asset (20,072,506) (21,273,281) Other (841,468) (1,581,234) Gross deferred tax liabilities (39,875,814) (45,121,489) Deferred income taxes, net $ 41,722,361 $ 39,801,457 At March 31, 2023, the Company had state net operating loss carryforwards of approximately $84.7 million. A deferred tax asset of approximately $4.9 million was recorded to reflect the benefit of these losses. Of this $4.9 million, $0.9 million is expected to be recognized. Approximately $1,000 of the state net operating loss carryforward will expire in 2025 with the remaining carryforward expiring between 2031 and 2041. The valuation allowance for deferred tax assets increased by $0.5 million for the year ended March 31, 2023 when compared to March 31, 2022. The valuation allowance at March 31, 2023 and 2022 was $15.2 million and $14.7 million, respectively. The valuation allowance against the total deferred tax assets as of March 31, 2023 consisted of $4 million from state net operating loss carryforwards in the amount of $63 million which expire from 2025 to 2041, a foreign tax credit carryforward of $3.3 million arising in relation to the Section 965 calculation ("Transition Tax") during fiscal 2018 which expires in 2028, $7.7 million related to the $37.0 million capital loss carryforward from the sale of the Mexican operations in fiscal 2019 which expires in 2024 and $0.2 million related to the $0.9 million capital loss on the sale of the former headquarters buildings which expire from 2026 to 2027. The Company does not expect to generate enough foreign source income, state taxable income in the respective jurisdictions or capital gains in future tax years to realize these tax attributes. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. In order to fully realize the deferred tax asset, the Company will need to generate future taxable income of the appropriate character prior to the expiration of the deferred tax assets governed by the tax code. As of March 31, 2023, 2022, and 2021, the Company had $1.1 million, $2.2 million, and $3.1 million of total gross unrecognized tax benefits including interest, respectively. Of these totals, approximately $0.9 million, $2.0 million, and $2.6 million, respectively, represents the amount of net unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. A reconciliation of the beginning and ending amount of unrecognized tax benefits at March 31, 2023, 2022, and 2021 are presented below: 2023 2022 2021 Unrecognized tax benefit balance beginning of year $ 1,616,116 $ 1,811,244 $ 4,351,811 Gross increases for tax positions of current year 129,146 153,754 36,541 Settlements with tax authorities — — (1,968,702) Lapse of statute of limitations (927,037) (348,882) (608,406) Unrecognized tax benefit balance end of year $ 818,225 $ 1,616,116 $ 1,811,244 At March 31, 2023, approximately $0.5 million of gross unrecognized tax benefits are expected to be resolved during the next 12 months through settlements with taxing authorities or the expiration of the statute of limitations. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. As of March 31, 2023, 2022, and 2021, the Company had $0.3 million, $0.6 million, and $1.2 million accrued for gross interest, respectively, of which $0.1 million, $0.2 million, and $0.3 million represented the current period expense for the periods ended March 31, 2023, 2022, and 2021. The Company is subject to U.S. income tax, as well as various other state and local jurisdictions. With the exception of a few states, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2018, although carryforward attributes that were generated prior to 2018 may still be adjusted upon examination by the taxing authorities if they either have been or will be used in a future period.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of the numerators and denominators of the basic and diluted EPS calculations: For the year ended March 31, 2023 Income Shares Per Share Basic EPS Net income available to common shareholders $ 21,231,990 5,749,492 $ 3.69 Effect of dilutive securities options and restricted stock — 149,178 Diluted EPS Net income available to common shareholders including dilutive securities $ 21,231,990 5,898,670 $ 3.60 For the year ended March 31, 2022 Income Shares Per Share Amount Basic EPS Net income available to common shareholders $ 53,919,837 6,072,170 $ 8.88 Effect of dilutive securities options and restricted stock — 291,896 Diluted EPS Net income available to common shareholders including dilutive securities $ 53,919,837 6,364,066 $ 8.47 For the year ended March 31, 2021 Income Shares Per Share Amount Basic EPS Net income available to common shareholders $ 88,282,828 6,493,898 $ 13.59 Effect of dilutive securities options and restricted stock — 178,212 Diluted EPS Net income available to common shareholders including dilutive securities $ 88,282,828 6,672,110 $ 13.23 Options to purchase 333,072, 412,015, and 608,087 shares of common stock at various prices were outstanding during the years ended March 31, 2023, 2022, and 2021, respectively, but were not included in the computation of diluted EPS because the option exercise price was antidilutive.

Benefit Plans

Benefit Plans	12 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Benefit Plans	Benefit Plans Retirement Plan The Company provides a defined contribution employee benefit plan (401(k) plan) covering full-time employees, whereby employees can invest up to the maximum designated for that year. The Company matches 50% of each employee's contributions up to the first 6% of the employee's eligible compensation, providing a maximum employer contribution of 3% of compensation. The Company's expense under this plan was $1.7 million, $1.8 million, and $1.6 million, for the years ended March 31, 2023, 2022, and 2021, respectively. Supplemental Executive Retirement Plan The Company has instituted two supplemental executive retirement plans, which are non-qualified executive benefit plans in which the Company agrees to pay certain executives additional benefits in the future, usually at retirement, in return for continued employment by the executives. The SERPs are unfunded plans, and, as such, there are no specific assets set aside by the Company in connection with the establishment of the plans. The executives have no rights under the agreements beyond those of a general creditor of the Company. For the years ended March 31, 2023, 2022, and 2021, contributions of $0.5 million, $0.5 million, and $0.6 million, respectively, were charged to expense related to the SERP. The unfunded liability, which is included as a component of accounts payable and accrued expenses in the Company's Consolidated Balance Sheets was $5.7 million and $5.9 million as of March 31, 2023 and 2022, respectively. For the three years presented, the unfunded liability was estimated using the following assumptions: an annual salary increase of 3.5% for all 3 years; a discount rate of 6.0% for all 3 years; and a retirement age of 65. Executive Deferred Compensation Plan The Company has an Executive Deferral Plan. Eligible executives and directors may elect to defer all or a portion of their incentive compensation to be paid under the Executive Deferral Plan. As of March 31, 2023 and 2022 no executive or director had deferred any compensation under this plan. Stock Incentive Plans The Company has a 2008 Stock Option Plan, a 2011 Stock Option Plan, and a 2017 Stock Incentive Plan for the benefit of certain directors, officers, and key employees. Under these plans, a total of 3,350,000 shares of authorized common stock have been reserved for issuance pursuant to grants approved by the Compensation Committee. Stock options granted under these plans have a maximum duration of ten 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 seeks to motivate and reward certain employees and to align management’s interest with shareholders’ by focusing executives on the achievement of long-term results. The program is comprised of four components: Service Options, Performance Options, Restricted Stock, and Performance Shares. Pursuant to this program, the Compensation Committee approved certain grants of Service Options, Performance Options, Restricted Stock and Performance Shares under the World Acceptance Corporation 2011 Stock Option Plan and the World Acceptance Corporation 2017 Stock Incentive Plan to certain employee directors, vice presidents of operations, vice presidents, senior vice presidents, and executive officers. Separately, the Compensation Committee approved certain grants of Service Options and Restricted Stock to certain non-employee directors of the Company. 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 Performance Share Measurement Period (or as otherwise provided under the terms of the applicable award agreement or applicable employment agreement). The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for Restricted Stock Eligible for Vesting $16.35 40% $20.45 60% The Restricted Stock awards will vest in six equal annual installments, beginning on the first anniversary of the grant date, subject to each respective employee’s continued employment at the Company through each applicable vesting date or otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The Service Options will vest in six equal annual installments, beginning on the first anniversary of the grant date, subject to each respective employee’s continued employment at the Company through each applicable vesting date or otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Service Options shall have a 10-year term. The Performance Options shall fully vest if the Company attains the trailing earnings per share target over four consecutive calendar quarters occurring between September 30, 2018 and March 31, 2025 as described below. Such performance target was established by the Compensation Committee and will be measured at the end of each calendar quarter commencing on September 30, 2019. The Performance Options are eligible to vest over the Option Measurement Period, subject to each respective employee’s continued employment at the Company through the last day of the Option Measurement Period or as otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Performance Options shall have a 10-year term. The Performance Option performance target is set forth below. Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100% Stock Options The weighted-average fair value at the grant date for options issued during the years ended March 31, 2023, 2022, and 2021 was $53.57, $99.14, and $58.48 per share, respectively. This fair value was estimated at grant date using the weighted-average assumptions listed below. 2023 2022 2021 Dividend yield 0 % 0 % 0 % Expected volatility 57.21 % 57.82 % 57.53 % Average risk-free interest rate 3.64 % 1.02 % 0.59 % Expected life 5.8 years 6.0 years 6.3 years The expected stock price volatility is based on the historical volatility of the Company’s stock for a period approximating the expected life. The expected life represents the period of time that options are expected to be outstanding after the grant date. The risk-free rate reflects the interest rate at grant date on zero coupon U.S. governmental bonds having a remaining life similar to the expected option term. Option activity for the year ended March 31, 2023 was as follows: Shares Weighted Weighted Aggregate Options outstanding, beginning of year 348,743 $ 104.38 Granted 16,490 96.07 Exercised (8,523) 84.84 Forfeited (21,523) 119.93 Expired (20,445) 88.88 Options outstanding, end of period 314,742 3 $ 104.41 5.82 $ 589,526 Options exercisable, end of period 114,757 $ 100.22 5.07 $ 441,097 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on March 31, 2023 and the exercise price, multiplied by the number of in-the-money options) that would have been received by option holders had all option holders exercised their options as of March 31, 2023. This amount will change as the stock's market price changes. The total intrinsic value of options exercised during the years ended March 31, 2023, 2022, and 2021 was as follows: 2023 2022 2021 $493,418 $17,494,865 $9,996,167 As of March 31, 2023, total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $3.1 million, which is expected to be recognized over a weighted-average period of approximately 1.8 years. Restricted Stock During fiscal 2023, the Company granted 3,250 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 $129.85 per share. During 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 executive officers, 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 $6.6 million, $14.1 million, and $15.5 million for the years ended March 31, 2023, 2022, and 2021, respectively, which is included as a component of general and administrative expenses in the Company's Consolidated Statements of Operations. As of March 31, 2023, there was approximately $4.4 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over the next 1.3 years based on current estimates. A summary of the status of the Company’s restricted stock as of March 31, 2023 and changes during the year ended March 31, 2023, are presented below: Shares Weighted Average Fair Outstanding at March 31, 2022 552,502 $ 102.51 Granted during the period 3,250 129.85 Vested during the period (65,518) 104.13 Forfeited during the period (29,620) 112.70 Outstanding at March 31, 2023 460,614 $ 101.82 Total Stock-Based Compensation Total stock-based compensation included as a component of net income during the years ended March 31, 2023, 2022, and 2021 was as follows: 2023 2022 2021 Stock-based compensation related to equity classified units: Stock-based compensation related to stock options $ 2,442,309 $ 3,473,913 $ 3,804,674 Stock-based compensation related to restricted stock 6,610,526 14,109,082 15,476,604 Total stock-based compensation related to equity classified awards $ 9,052,835 $ 17,582,995 $ 19,281,278

Acquisitions

Acquisitions	12 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Acquisitions	Acquisitions The Company evaluates each set of assets and activities it acquires to determine if the set meets the definition of a business according to FASB ASC Topic 805-10-55. Acquisitions meeting the definition of a business are accounted for as a business combination while all other acquisitions are accounted for as an asset purchase. The following table sets forth the acquisition activity of the Company for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Acquisitions: Number of asset purchases 50 50 50 Total acquisitions 50 50 50 Purchase price $ 23,131,758 $ 10,859,984 $ 19,774,252 Tangible assets: Loans receivable, net 28,322,554 9,631,112 15,210,973 Purchase price amount over (below) carrying value of net tangible assets 4 $ (5,190,796) $ 1,228,872 $ 4,563,279 Customer lists $ — $ 952,872 $ 4,365,779 Non-compete agreements — 276,000 197,500 Acquisitions that are accounted for as business combinations typically result in one or more new branches. In such cases, the Company typically retains the existing employees and the branch location from the acquisition. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair values at the acquisition date. The remainder is allocated to goodwill. Acquisitions that are accounted for as asset purchases are typically limited to acquisitions of loan portfolios. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair values at the acquisition date. In an asset purchase, no goodwill is recorded. The Company’s acquisitions include tangible assets (generally loans and furniture and equipment) and intangible assets (generally non-compete agreements, customer lists, and goodwill), both of which are recorded at their fair values, which are estimated pursuant to the processes described below. Acquired loans are valued at the net loan balance. Given the short-term nature of these loans, generally twelve 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 PCDs during the period. Furniture and equipment are valued at the specific purchase price as agreed to by both parties at the time of acquisition, which management believes approximates their fair values. Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates the fair value. Customer lists are valued with a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs in accordance with FASB ASC Topic 360-10-05. If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance. In most acquisitions, the original fair value of the customer list allocated to an office is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial. The results of all acquisitions have been included in the Company’s Consolidated Financial Statements since the respective acquisition date. The pro forma impact of these branches as though they had been acquired at the beginning of the periods presented would not have a material effect on the results of operations as reported.

Fair Value

Fair Value	12 Months Ended
	Mar. 31, 2023
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. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Company determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value measurements are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are: • Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less active. • Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity’s own assumptions. The Company’s financial instruments consist of cash and cash equivalents, loans receivable, the senior notes payable, and the senior unsecured notes payable. Loans receivable are originated at prevailing market rates and have an average life of less than twelve months. Given the short-term nature of these loans, they are continually repriced at current market rates. The Company’s senior notes payable has a variable rate based on a margin over SOFR and reprices with any changes in SOFR. The fair value of the senior unsecured notes payable is estimated based on quoted prices in markets that are not active. The Company also considered its creditworthiness in its determination of fair value. The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. March 31, 2023 March 31, 2022 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 16,508,935 $ 16,508,935 $ 19,236,322 $ 19,236,322 Loans receivable, net 3 887,788,486 887,788,486 985,515,154 985,515,154 LIABILITIES Senior unsecured notes payable 2 290,860,000 218,127,548 300,000,000 264,639,000 Senior notes payable 3 307,910,824 307,910,824 396,972,746 396,972,746 There were no other significant assets or liabilities measured at fair value as of March 31, 2023 and 2022.

Quarterly Information (Unaudite

Quarterly Information (Unaudited)	12 Months Ended
	Mar. 31, 2023
Quarterly Financial Information Disclosure [Abstract]
Quarterly Information (Unaudited)	Quarterly Information (Unaudited) The following sets forth selected quarterly operating data: Fiscal 2023 Fiscal 2022 First Second Third Fourth First Second Third Fourth (Dollars in thousands, except for earnings per share data) Total revenues $ 157,918 $ 151,258 $ 146,532 $ 160,837 $ 129,659 $ 137,827 $ 149,046 $ 168,656 Provision for credit losses 85,822 68,620 59,609 45,412 30,266 42,044 56,459 57,439 General and administrative expenses 73,174 71,218 66,475 68,607 73,351 74,989 74,703 76,934 Interest expense 11,174 13,032 14,070 12,185 5,501 6,714 10,166 11,044 Income tax expense (benefit) (3,449) (246) 619 8,990 4,770 1,641 391 4,857 Net income (loss) $ (8,803) $ (1,366) $ 5,759 $ 25,643 $ 15,771 $ 12,439 $ 7,327 $ 18,382 Net income (loss) per common share: Basic $ (1.53) $ (0.24) $ 1.00 $ 4.44 $ 2.56 $ 2.04 $ 1.20 3.10 Diluted $ (1.53) $ (0.24) $ 0.98 $ 4.37 $ 2.44 $ 1.94 $ 1.14 2.97 The Company's highest loan demand occurs generally from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results from the Company's third fiscal quarter are generally lower than in other quarters and operating results for its fourth fiscal quarter are generally higher than in other quarters.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2023
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. On April 19, 2023, the Court preliminarily approved a Stipulation and Agreement of Settlement dated March 31, 2023 (the “Stipulation”), by and among: the plaintiff, derivatively on behalf of the Company; (ii) the individual defendants; and (iii) the Company. If approved, the Stipulation will result in a non-material payment by the Company. 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.

Assets Held for Sale

Assets Held for Sale	12 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Assets Held for Sale	Assets Held for Sale In the fourth quarter of fiscal 2020 the Company moved its corporate headquarters from properties it owned outright in Greenville, South Carolina to leased office space in downtown Greenville, South Carolina. Under ASC 360-10, the properties met the criteria for classification as held for sale as of March 31, 2020. During the second quarter of fiscal 2021 the Company completed the sale of two of the three buildings held for sale, resulting in an aggregate loss of $37.0 thousand. The loss on sale of assets held for sale is included as a component of Insurance and other income, net in the Company's Consolidated Statement of Operations. During the second quarter of fiscal 2022 the Company completed the sale of the last held for sale building, and recorded $39.0 thousand loss on sale which is included as a component of Insurance and other income, net in the Consolidated Statements of Operations. As of March 31, 2023 and 2022, there were no assets held for sale.

Subsequent Events

Subsequent Events	12 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsManagement is not aware of any significant events occurring subsequent to the balance sheet date that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy	Nature of Operations The Company is a small-dollar consumer finance (installment loan) company headquartered in Greenville, South Carolina that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. It also offers income tax return preparation services to its customer base and to others. As of March 31, 2023, the Company operated 1,073 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin. Branches in the aforementioned states operate under one of the following names: World Finance Corporation or World Finance.
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the accounts of World Acceptance Corporation and its wholly-owned subsidiaries (the “Company”). Subsidiaries consist of operating entities in various states and WAC Insurance Company, Ltd. (a captive reinsurance company). All significant inter-company balances and transactions have been eliminated in consolidation.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The most significant item subject to such estimates and assumptions that could materially change in the near term is the allowance for credit losses.
Reclassification, Policy	Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity.
Business Segments	Business Segments The Company reports operating segments in accordance with FASB ASC Topic 280. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. FASB ASC Topic 280 requires that a public enterprise report a measure of segment profit or loss, certain specific revenue and expense items, segment assets, information about the way that the operating segments were determined and other items. The Company has one reportable segment. The other revenue generating activities of the Company, including the sale of insurance products, income tax preparation, and the automobile club, are done within the existing branch network in conjunction with or as a complement to the lending operations. There is no discrete financial information available for these activities, and they do not meet the criteria under FASB ASC Topic 280 to be considered operating segments.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less from the date of original issuance to be cash equivalents. As of March 31, 2023 and 2022, the Company had $8.3 million and $7.8 million, respectively, in restricted cash associated with its captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company.
Loans and Interest Income/Nonaccrual Policy	Loans and Interest and Fee Income The Company is licensed to originate consumer loans in the states of Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Utah, and Wisconsin. During fiscal 2023, 2022, and 2021, the Company originated loans generally ranging up to $6,000 with terms of 60 months or fewer. Experience indicates that a majority of the consumer loans are refinanced, and the Company accounts for the majority of the refinancings as new loans. Generally, a customer must make multiple payments in order to qualify for refinancing. Furthermore, the Company's lending policy has predetermined lending amounts so that in most cases a refinancing will result in advancing additional funds. The Company believes that the advancement of additional funds constitutes more than a minor modification to the terms of the existing loan if the present value of the cash flows under the terms of the new loan will be 10% or more of the present value of the remaining cash flows under the terms of the original loan. The following table sets forth information about our loan products for fiscal 2023: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 500 $ 2,450 5 31 Large loans 2,500 33,450 10 60 Tax advance loans 500 5,000 8 8 Gross loans receivable at March 31, 2023 and 2022 consisted of the following: 2023 2022 Small loans $ 580,107,889 $ 727,852,627 Large loans 807,345,625 789,112,912 Tax advance loans 2,562,054 5,823,321 Total gross loans $ 1,390,015,568 $ 1,522,788,860 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 interest income at the time that loans are refinanced or paid in full except for those refinancings that do not constitute a more than minor modification. Loans are carried at the gross amount outstanding, reduced by unearned interest and insurance income, net of deferred origination fees and direct costs, and an allowance for credit losses. Net unamortized deferred origination costs were $4.9 million and $6.9 million as of March 31, 2023 and 2022, respectively. The Company recognizes interest and fee income using the interest method. Charges for late payments are recognized in interest and fee income when collected. With the exception of tax advance loans, which are interest free, the Company offers its loans at the prevailing statutory rates for terms not to exceed 60 months. Management believes that the carrying value approximates the fair value of its loan portfolio. Nonaccrual Policy The accrual of interest is discontinued when a loan is 61 days or more past the contractual due date. When the interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. While a loan is on nonaccrual status, interest income is recognized only when a payment is received. Once a loan moves to nonaccrual status, it remains in nonaccrual status until it is paid out, charged off or refinanced.
Allowance for Loan Losses	Allowance for Credit Losses Refer to Note 2, “Allowance for Credit Losses and Credit Quality Information”, for information regarding the Company's adoption of the CECL allowance model on April 1, 2020 and a description of the methodology it utilizes.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is recorded using the straight-line method over the estimated useful life of the related asset as follows: buildings, 25 to 40 years; furniture and fixtures, 5 to 10 years; equipment, 3 to 7 years; and vehicles, 3 years. Amortization of leasehold improvements is recorded using the straight-line method over the lesser of the estimated useful life of the asset, which is generally five years, or the lease term, which is generally three
Leases	Leases For any new or modified lease, the Company, at the inception of the contract, determines whether a contract is or contains a lease. The Company records ROU assets and lease liabilities for its leases, which are initially recognized based on the discounted future lease payments over the term of the lease. The Company uses its effective annual or fourth quarter interest rate as the discount rate when evaluating leases. Refer to Note 9, "Leases", for further discussion of the discount rate. Lease term is defined as the non-cancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company has elected not to recognize ROU assets and lease obligations for its short-term equipment leases, which are defined as leases with an initial term of 12 months or less. Further, the Company has elected to not separate lease from non-lease components. Variable lease costs include expenses such as common area maintenance, utilities, and repairs and maintenance.
Other Assets	Other Assets Other assets include cash surrender value of life insurance policies, HTC investments, prepaid expenses, debt issuance costs related to the senior notes payable, and other deposits and receivables.
Debt Issuance Costs	Debt Issuance Costs In accordance with ASC 835, debt issuance costs related to the senior unsecured notes payable are presented as a direct deduction from its carrying value in the Consolidated Balance Sheets. Unamortized debt issuance costs related to the senior unsecured notes payable as of March 31, 2023 and 2022 were $3.5 million and 4.6 million, respectively. As the Company intends to pay down the senior notes payable throughout the contractual arrangement, debt issuance costs related to this arrangement are presented as an asset within Other assets in the Consolidated Balance Sheets as discussed above. Unamortized debt issuance costs related to the senior notes payable as of March 31, 2023 and 2022 were $1.2 million and $0.7 million, respectively.
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible assets include the cost of acquiring existing customers ("customer lists") and the fair value assigned to non-compete agreements. Customer lists are amortized on a straight line or accelerated basis over their estimated period of benefit, ranging from 8 to 23 years with a weighted average of approximately 9.4 years. Non-compete agreements are amortized on a straight line basis over the term of the agreement, ranging from 3 to 5.3 years with a weighted average of approximately 4.7 years. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs, in accordance with FASB ASC Topic 360-10-05. If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance. In most acquisitions, the original fair value of the customer list allocated to a branch is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial. Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates the fair value. The fair value of the customer lists is based on a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. In a business combination, the remaining excess of the purchase price over the fair value of the tangible assets, customer list, and non-compete agreements is allocated to goodwill. The branches the Company acquires are small, privately-owned branches, which do not have sufficient historical data to determine customer attrition. The Company believes that the customers acquired have the same characteristics and perform similarly to its customers. Therefore, the Company utilized the attrition patterns of its customers when developing the estimate of attrition for acquired customers. This estimation method is re-evaluated periodically.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company assesses impairment of long-lived assets, including property and equipment and intangible assets, whenever changes or events indicate that the carrying amount may not be recoverable. The Company assesses impairment of these assets generally at the branch level based on the operating cash flows of the branch and the Company’s plans for branch closings. The Company will write down such assets to fair value if, based on an analysis, the sum of the expected future undiscounted cash flows is less than the carrying amount of the assets. The Company did not record any impairment charges for the fiscal years ended March 31, 2023, 2022, or 2021.
Fair Value of Financial Instruments	Fair Value of Financial Instruments FASB ASC Topic 825 requires disclosures about the fair value of all financial instruments, regardless of whether the financial instrument is recognized on the balance sheet, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. The Company’s financial instruments for the periods reported consist of the following: cash and cash equivalents, loans receivable, senior notes payable, and senior unsecured notes payable. Loans receivable are originated at prevailing market rates and have an average life of less than twelve months. Given the short-term nature of these loans, they are continually repriced at current market rates. The Company’s senior notes payable has a variable rate based on a margin over SOFR and reprices with any changes in SOFR. The fair value of the senior unsecured notes payable is estimated based on quoted prices in markets that are not active.
Insurance Premiums and Commissions	Insurance Premiums and CommissionsInsurance premiums for credit life, accident and health, property and unemployment insurance written in connection with certain loans, net of refunds and applicable advance insurance commissions retained by the Company, are remitted monthly to an insurance company. All commissions are recorded to unearned insurance commissions and recognized as insurance income over the life of the related insurance contracts. The Company recognizes insurance income using the Rule of 78s method for credit life (decreasing term), credit accident and health, unemployment insurance and the Pro Rata method for credit life (level term) and credit property.
Non-filing Insurance	Non-filing Insurance Non-filing insurance premiums are charged on certain loans in lieu of recording and perfecting the Company's security interest in the assets pledged. The premiums and recoveries are remitted to a third party insurance company and are not reflected in the accompanying Consolidated Financial Statements (see Note 8). Claims paid by the third party insurance company result in a reduction to credit losses. Certain losses related to such loans, which are not recoverable through life, accident and health, property, or unemployment insurance claims, are reimbursed through non-filing insurance claims subject to policy limitations. Any remaining losses are charged to the allowance for credit losses.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment related to additional facts and circumstances occurs.
Earnings Per Share	Earnings Per Share Earnings per share (“EPS”) is computed in accordance with FASB ASC Topic 260. Basic EPS includes no dilution and is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of securities that could share in the earnings of the Company. Potential common stock included in the diluted EPS computation consists of stock options and restricted stock, which are computed using the treasury stock method. See Note 11 for the reconciliation of the numerators and denominators for basic and dilutive EPS calculations.
Stock-Based Compensation	Stock-Based Compensation FASB ASC Topic 718-10 requires companies to recognize in the income statement the grant-date fair value of stock options and other equity-based compensation issued to employees. FASB ASC Topic 718-10 does not change the accounting guidance for share-based payment transactions with parties other than employees provided in FASB ASC Topic 718-10. Under FASB ASC Topic 718-10, the way an award is classified will affect the measurement of compensation cost. Liability-classified awards are remeasured to fair value at each balance-sheet date until the award is settled. Equity-classified awards are measured at grant-date fair value, amortized over the subsequent vesting period, and are not subsequently remeasured. The fair value of non-vested stock awards for the purposes of recognizing stock-based compensation expense is the market price of the stock on the grant date. The fair value of options is estimated on the grant date using the Black-Scholes option pricing model (see Note 12). The Company accounts for forfeitures as they occur. At March 31, 2023, the Company had several share-based employee compensation plans, which are described more fully in Note 12.
Share Repurchases	Share Repurchases On February 24, 2022, the Board of Directors authorized the Company to repurchase up to $30.0 million of the Company’s outstanding common stock, inclusive of the amount that remains available for repurchase under prior repurchase authorizations. As of March 31, 2023, the Company had $1.1 million in aggregate remaining repurchase capacity under its current share repurchase program. The timing and actual number of shares of common stock repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, restrictions under the revolving credit facility and other market and economic conditions. The Company continues to believe stock repurchases are a viable component of the Company’s long-term financial strategy and an excellent use of excess cash when the opportunity arises. As of March 31, 2023 our debt outstanding was $595.3 million, net of $3.5 million unamortized debt issuance costs related to the unsecured senior notes payable, and our shareholders' equity was $385.2 million resulting in a debt-to-equity ratio of 1.6:1.0.
Concentration of Risk	Concentration of Risk The Company generally serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. During the year ended March 31, 2023, the Company operated in sixteen states in the United States. For fiscal years ended March 31, 2023, 2022, and 2021, gross loan receivable within the Company's four largest states accounted for approximately 52% of the Company's gross loans receivable balance.
Advertising Costs	Advertising CostsAdvertising costs are expensed when incurred.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method In March 2023, the FASB issued ASU No. 2023-02, Investments- Equity Method and Joint Venture (Topic 323) . The amendments in this ASU permit reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted in any interim period. If an entity adopts the amendments in an interim period, it shall adopt them as of the beginning of the fiscal year that includes that interim period. The amendments in this pronouncement must be applied on either a modified retrospective or retrospective basis. The Company adopted this ASU as of April 1, 2022 using the modified retrospective approach. The adoption of this ASU resulted in a $1.9 million cumulative adjustment to the opening balance of retained earnings. Refer to Note 10 for further details. Recently Issued Accounting Standards Not Yet Adopted Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-02, Troubled Debt Restructurings and Vintage Disclosures . The amendments in this update eliminate the accounting guidance for troubled debt restructurings by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors , while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, for public business entities, the amendments in this update require that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost . For entities that have adopted the amendments in Update 2016-13, the amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively, with the exception of the transition method related to the recognition and measurement of troubled debt restructurings in which an entity has the option to apply a modified retrospective transition method. Early adoption is permitted. We are currently evaluating the impact the adoption of this update will have on our Consolidated Financial Statements. We reviewed all other newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the Consolidated Financial Statements as a result of future adoption.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of gross loan	The following table sets forth information about our loan products for fiscal 2023: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 500 $ 2,450 5 31 Large loans 2,500 33,450 10 60 Tax advance loans 500 5,000 8 8 Gross loans receivable at March 31, 2023 and 2022 consisted of the following: 2023 2022 Small loans $ 580,107,889 $ 727,852,627 Large loans 807,345,625 789,112,912 Tax advance loans 2,562,054 5,823,321 Total gross loans $ 1,390,015,568 $ 1,522,788,860 The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure March 31, 2023 March 31, 2022 0 to 5 months $ 81,803,668 $ 198,740,475 6 to 17 months 133,650,188 133,665,566 18 to 35 months 135,396,187 204,940,323 36 to 59 months 244,414,255 214,956,857 60+ months 792,189,216 764,662,319 Tax advance loans 2,562,054 5,823,320 Total gross loans $ 1,390,015,568 $ 1,522,788,860

Allowance for Credit Losses a_2

Allowance for Credit Losses and Credit Quality Information (Tables)	12 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Summary of gross loan	The following table sets forth information about our loan products for fiscal 2023: Minimum Origination Maximum Origination Minimum Term Maximum Term Small loans $ 500 $ 2,450 5 31 Large loans 2,500 33,450 10 60 Tax advance loans 500 5,000 8 8 Gross loans receivable at March 31, 2023 and 2022 consisted of the following: 2023 2022 Small loans $ 580,107,889 $ 727,852,627 Large loans 807,345,625 789,112,912 Tax advance loans 2,562,054 5,823,321 Total gross loans $ 1,390,015,568 $ 1,522,788,860 The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure March 31, 2023 March 31, 2022 0 to 5 months $ 81,803,668 $ 198,740,475 6 to 17 months 133,650,188 133,665,566 18 to 35 months 135,396,187 204,940,323 36 to 59 months 244,414,255 214,956,857 60+ months 792,189,216 764,662,319 Tax advance loans 2,562,054 5,823,320 Total gross loans $ 1,390,015,568 $ 1,522,788,860
Assessment of the credit quality	The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,200,504,088 $ 62,076,656 $ 1,998,218 $ 148,662 $ 23,046 $ 6,863 $ 1,264,757,533 30 - 60 days past due 40,791,746 4,689,867 160,956 42,700 8,504 2,988 45,696,761 61 - 90 days past due 26,319,250 2,572,733 92,088 40,281 884 — 29,025,236 91 or more days past due 41,832,821 5,944,645 160,361 29,494 4,430 2,233 47,973,984 Total $ 1,309,447,905 $ 75,283,901 $ 2,411,623 $ 261,137 $ 36,864 $ 12,084 $ 1,387,453,514 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 1,932,607 $ 3,524 $ — $ — $ — $ — $ 1,936,131 30 - 60 days past due 609,844 736 — — — — 610,580 61 - 90 days past due — 4,845 — — — — 4,845 91 or more days past due 409 10,089 — — — — 10,498 Total $ 2,542,860 $ 19,194 $ — $ — $ — $ — $ 2,562,054 Total gross loans $ 1,390,015,568 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2022: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,322,332,136 $ 34,273,199 $ 2,665,078 $ 152,105 $ 21,539 $ 3,972 $ 1,359,448,029 30 - 60 days past due 49,517,859 2,114,463 247,291 28,011 2,664 — 51,910,288 61 - 90 days past due 36,707,960 989,136 130,763 13,031 5,594 — 37,846,484 91 or more days past due 64,238,626 3,239,753 248,596 24,377 5,386 4,001 67,760,739 Total $ 1,472,796,581 $ 40,616,551 $ 3,291,728 $ 217,524 $ 35,183 $ 7,973 $ 1,516,965,540 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 4,737,741 $ 7,033 $ — $ — $ — $ — $ 4,744,774 30 - 60 days past due 1,060,811 1,334 — — — — 1,062,145 61 - 90 days past due — 432 — — — — 432 91 or more days past due 2,922 13,047 — — — — 15,969 Total $ 5,801,474 $ 21,846 $ — $ — $ — $ — $ 5,823,320 Total gross loans $ 1,522,788,860 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,174,237,761 $ 53,652,011 $ 1,554,144 $ 64,233 $ 5,142 $ 1,491 $ 1,229,514,782 30 - 60 days past due 47,346,331 3,661,493 77,857 6,714 — — 51,092,395 61 - 90 days past due 33,012,804 3,030,052 44,129 7,643 — — 36,094,628 91 or more days past due 54,851,010 14,940,345 735,493 182,547 31,721 10,593 70,751,709 Total $ 1,309,447,906 $ 75,283,901 $ 2,411,623 $ 261,137 $ 36,863 $ 12,084 $ 1,387,453,514 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 1,932,607 $ — $ — $ — $ — $ — $ 1,932,607 30 - 60 days past due 609,844 — — — — — 609,844 61 - 90 days past due — — — — — — — 91 or more days past due 409 19,194 — — — — 19,603 Total $ 2,542,860 $ 19,194 $ — $ — $ — $ — $ 2,562,054 Total gross loans $ 1,390,015,568 The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2022: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,290,448,366 $ 29,913,995 $ 1,994,474 $ 68,836 $ 9,586 $ 699 $ 1,322,435,956 30 - 60 days past due 57,225,953 1,508,794 91,118 5,519 — — 58,831,384 61 - 90 days past due 45,276,797 1,271,187 96,233 986 — — 46,645,203 91 or more days past due 79,845,465 7,922,574 1,109,903 142,183 25,598 7,274 89,052,997 Total $ 1,472,796,581 $ 40,616,550 $ 3,291,728 $ 217,524 $ 35,184 $ 7,973 $ 1,516,965,540 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 4,737,741 $ — $ — $ — $ — $ — $ 4,737,741 30 - 60 days past due 1,060,329 — — — — — 1,060,329 61 - 90 days past due — — — — — — — 91 or more days past due 3,404 21,846 — — — — 25,250 Total $ 5,801,474 $ 21,846 $ — $ — $ — $ — $ 5,823,320 Total gross loans $ 1,522,788,860
Summary of the past due receivables	The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2023: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 64,615,315 $ 5,451,276 $ 4,407,751 $ 7,329,327 $ 17,188,354 $ 81,803,669 6 to 17 months 113,946,833 6,527,355 4,655,441 8,520,559 19,703,355 133,650,188 18 to 35 months 120,125,820 5,336,994 3,727,331 6,206,041 15,270,366 135,396,186 36 to 59 months 217,851,608 7,871,872 4,713,501 7,525,438 20,110,811 237,962,419 60+ months 748,217,957 20,509,264 11,521,212 18,392,619 50,423,095 798,641,052 Tax advance loans 1,936,131 610,580 4,845 10,498 625,923 2,562,054 Total gross loans 1,266,693,664 46,307,341 29,030,081 47,984,482 123,321,904 1,390,015,568 Unearned interest, insurance and fees (343,255,876) (12,548,627) (7,866,737) (13,003,109) (33,418,473) (376,674,349) Total net loans $ 923,437,788 $ 33,758,714 $ 21,163,344 $ 34,981,373 $ 89,903,431 $ 1,013,341,219 Percentage of period-end gross loans receivable 3.3% 2.1% 3.5% 8.9% The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2022: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 145,168,588 $ 13,450,365 $ 14,196,717 $ 25,924,805 $ 53,571,887 $ 198,740,475 6 to 17 months 116,065,794 5,548,699 4,148,743 7,902,330 17,599,772 133,665,566 18 to 35 months 183,697,553 7,220,814 4,903,686 9,118,270 21,242,770 204,940,323 36 to 59 months 193,820,229 5,951,049 3,452,087 5,712,662 15,115,798 208,936,027 60+ months 720,695,865 19,739,361 11,145,251 19,102,672 49,987,284 770,683,149 Tax advance loans 4,744,774 1,062,145 432 15,969 1,078,546 5,823,320 Total gross loans 1,364,192,803 52,972,433 37,846,916 67,776,708 158,596,057 1,522,788,860 Unearned interest, insurance and fees (361,055,818) (14,020,016) (10,016,802) (17,938,208) (41,975,027) (403,030,844) Total net loans $ 1,003,136,985 $ 38,952,417 $ 27,830,114 $ 49,838,500 $ 116,621,030 $ 1,119,758,016 Percentage of period-end gross loans receivable 3.5% 2.5% 4.5% 10.4% 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, 2023: Days Past Due - Contractual Basis Loans Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 61,850,144 $ 5,320,659 $ 4,864,498 $ 9,768,369 $ 19,953,526 $ 81,803,670 6 to 17 months 109,694,389 6,892,610 5,613,468 11,449,721 23,955,799 133,650,188 18 to 35 months 115,711,781 5,721,694 4,499,010 9,463,701 19,684,405 135,396,186 36 to 59 months 212,104,582 8,751,303 5,917,982 11,188,551 25,857,836 237,962,418 60+ months 730,153,886 24,406,129 15,199,670 28,881,367 68,487,166 798,641,052 Tax advance loans 1,932,607 609,844 — 19,603 629,447 2,562,054 Total gross loans $ 1,231,447,389 $ 51,702,239 $ 36,094,628 $ 70,771,312 $ 158,568,179 $ 1,390,015,568 Unearned interest, insurance and fees $ (333,704,639) $ (14,010,568) $ (9,781,128) $ (19,178,014) $ (42,969,710) $ (376,674,349) Total net loans $ 897,742,750 $ 37,691,671 $ 26,313,500 $ 51,593,298 $ 115,598,469 $ 1,013,341,219 Percentage of period-end gross loans receivable 3.7% 2.6% 5.1% 11.4% 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, 2022: Days Past Due - Contractual Basis Loans Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 140,570,461 $ 14,090,712 $ 15,380,836 $ 28,698,466 $ 58,170,014 $ 198,740,475 6 to 17 months 112,465,841 6,032,347 4,922,939 10,244,439 21,199,725 133,665,566 18 to 35 months 177,565,328 8,067,815 6,273,351 13,033,829 27,374,995 204,940,323 36 to 59 months 188,849,569 6,994,891 4,624,136 8,467,431 20,086,458 208,936,027 60+ months 702,984,756 23,645,619 15,443,941 28,608,833 67,698,393 770,683,149 Tax advance loans 4,737,742 1,060,329 — 25,249 1,085,578 5,823,320 Total gross loans $ 1,327,173,697 $ 59,891,713 $ 46,645,203 $ 89,078,247 $ 195,615,163 $ 1,522,788,860 Unearned interest, insurance and fees $ (351,258,109) $ (15,851,316) $ (12,345,412) $ (23,576,007) $ (51,772,735) $ (403,030,844) Total net loans $ 975,915,588 $ 44,040,397 $ 34,299,791 $ 65,502,240 $ 143,842,428 $ 1,119,758,016 Percentage of period-end gross loans receivable 3.9% 3.1% 5.8% 12.8%
Financing Receivable, Nonaccrual	The following table presents the amortized cost basis of loans on nonaccrual status as of March 31, 2023 and March 31, 2022, as well as interest income recognized on nonaccrual loans for the years ended March 31, 2023, 2022, and 2021: Nonaccrual Loans Receivable Customer Tenure As of March 31, 2023 As of March 31, 2022 Interest Income Interest Income Interest Income 0 to 5 months $ 15,781,494 $ 45,227,510 $ 2,032,098 $ 1,485,356 $ 1,705,371 6 to 17 months 18,288,714 15,879,250 1,815,167 1,662,082 2,433,144 18 to 35 months 15,551,806 20,745,106 2,385,356 2,292,776 2,195,160 36 to 59 months 19,175,410 14,232,388 2,326,640 1,602,011 1,609,059 60+ months 49,855,801 47,565,819 7,047,726 5,615,521 6,747,722 Tax advance loans 19,603 25,249 — — — Unearned interest, insurance and fees (32,158,640) (38,026,011) — — — Total $ 86,514,188 $ 105,649,311 $ 15,606,987 $ 12,657,746 $ 14,690,456
Summary of changes in the allowance for loan losses	The following is a summary of the changes in the allowance for credit losses for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Balance at beginning of period $ 134,242,862 $ 91,722,288 $ 96,487,856 Impact of ASC 326 adoption — — 28,628,368 Provision for credit losses 259,463,199 186,207,341 86,244,714 Charge-offs 1 (302,380,145) (164,747,552) (141,270,125) Recoveries 2 34,226,817 21,060,785 21,631,475 Net charge-off (268,153,328) (143,686,767) (119,638,650) Balance at end of period $ 125,552,733 $ 134,242,862 $ 91,722,288

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consist of: March 31, 2023 March 31, 2022 Land $ 100,443 $ 100,443 Building and leasehold improvements 18,504,321 18,477,313 Furniture and equipment 56,482,568 56,273,499 75,087,332 74,851,255 Less accumulated depreciation and amortization (51,161,252) (50,375,024) Total $ 23,926,080 $ 24,476,231

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Mar. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross carrying amount and related accumulated amortization of definite-lived intangible assets	The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets: March 31, 2023 March 31, 2022 Gross Carrying Accumulated Net Intangible Asset Gross Carrying Accumulated Net Intangible Asset Cost of customer lists $ 55,730,620 $ (40,950,350) $ 14,780,270 $ 55,730,620 $ (36,907,598) $ 18,823,022 Value assigned to non-compete agreements 10,528,143 (10,018,834) 509,309 10,528,143 (9,595,051) 933,092 Total $ 66,258,763 $ (50,969,184) $ 15,289,579 $ 66,258,763 $ (46,502,649) $ 19,756,114

Debt (Tables)

Debt (Tables)	12 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Aggregate annual maturities of the notes payable	As of March 31, 2023, the aggregate annual maturities of the Company's debt arrangements for each of the five fiscal years subsequent to March 31, 2023 were as follows: 2024 $ — 2025 307,910,824 2026 — 2027 290,860,000 2028 — Total future debt payments $ 598,770,824

Insurance and Other Income (Tab

Insurance and Other Income (Tables)	12 Months Ended
	Mar. 31, 2023
Insurance Commissions and other income [Abstract]
Insurance Commissions and Other Income	Insurance and other income for the years ending March 31, 2023, 2022, and 2021 consist of: 2023 2022 2021 Insurance revenue $ 67,153,063 $ 56,270,249 $ 44,214,454 Tax return preparation revenue 23,970,639 24,498,059 20,555,226 Auto club membership revenue 9,661,126 14,758,783 7,863,145 Other 7,424,855 3,993,083 4,244,079 Insurance and other income $ 108,209,683 $ 99,520,174 $ 76,876,904

Non-filing Insurance (Tables)

Non-filing Insurance (Tables)	12 Months Ended
	Mar. 31, 2023
Non-file Insurance [Abstract]
Non-filing Insurance	The Company maintains non-filing insurance coverage with an unaffiliated insurance company. The following is a summary of the non-filing insurance activity for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Insurance premiums written $ 6,732,057 $ 8,804,046 $ 7,072,647 Recoveries on claims paid $ 1,143,332 $ 982,025 $ 959,620 Claims paid $ 12,026,092 $ 6,336,549 $ 5,223,484

Leases (Tables)

Leases (Tables)	12 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Lease costs	The following table reports information about the Company's lease costs for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Lease Cost Finance lease cost $ 205,975 $ 427,619 $ 466,168 Amortization of right-of-use assets 204,552 407,624 407,624 Interest on lease liabilities 1,423 19,995 58,544 Operating lease cost $ 27,408,284 $ 27,529,425 $ 27,977,226 Short-term lease cost — — 1,800 Variable lease cost 3,710,560 3,629,903 3,621,748 Total lease cost $ 31,324,819 $ 31,586,947 $ 32,066,942 The following table reports other information about the Company's leases for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 26,476,133 $ 27,936,317 $ 28,211,828 Operating cash flows from finance leases 1,423 19,994 58,544 Operating cash flows from operating leases 26,394,643 27,411,037 27,559,260 Financing cash flows from finance leases 80,067 505,286 594,024 Right-of-use assets obtained in exchange for new finance lease liabilities $ — $ — $ — Right-of-use assets obtained in exchange for new operating lease liabilities $ 16,924,511 $ 15,381,953 $ 12,482,167 Weighted-average remaining lease term — finance leases — 0.4 years 0.8 years Weighted average remaining lease term — operating leases 7.1 years 7.3 years 7.3 years Weighted-average discount rate (monthly) — finance leases — % 6.0 % 6.4 % Weighted-average discount rate — operating leases 6.0 % 6.1 % 6.3 %
Schedule of Operating leases	The aggregate annual lease obligations as of fiscal year March 31, 2023, are as follows: Operating 2024 $ 23,157,355 2025 18,479,719 2026 15,057,068 2027 11,178,325 2028 8,640,247 Thereafter 27,716,477 Total undiscounted lease liability $ 104,229,191 Imputed interest 20,494,189 Total discounted lease liability $ 83,735,002
Schedule of Finance leases	The aggregate annual lease obligations as of fiscal year March 31, 2023, are as follows: Operating 2024 $ 23,157,355 2025 18,479,719 2026 15,057,068 2027 11,178,325 2028 8,640,247 Thereafter 27,716,477 Total undiscounted lease liability $ 104,229,191 Imputed interest 20,494,189 Total discounted lease liability $ 83,735,002

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	Income tax expense (benefit) consists of: Current Deferred Total Year ended March 31, 2023 Federal $ 7,135,030 (1,430,623) 5,704,407 State and local 880,838 (671,462) 209,376 $ 8,015,868 (2,102,085) 5,913,783 Year ended March 31, 2022 Federal $ 22,262,110 (11,892,354) 10,369,756 State and local 4,206,087 (2,916,361) 1,289,726 $ 26,468,197 (14,808,715) 11,659,482 Year ended March 31, 2021 Federal $ 16,443,592 4,077,609 20,521,201 State and local 1,025,645 1,573,753 2,599,398 $ 17,469,237 5,651,362 23,120,599
Income tax expense reconciliation to U.S federal income tax rate to pretax income	The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax expense for March 31, 2023, 2022 and 2021 are summarized as follows: 2023 2022 2021 Expected income tax $ 5,700,613 $ 13,771,657 $ 23,394,720 Increase (reduction) in income taxes resulting from: State tax (excluding state tax credits), net of federal benefit 328,026 1,489,800 2,053,524 Federal tax credits, net (200,203) (1,193,021) (1,173,435) State tax credits (162,619) (470,916) — Uncertain tax positions (1,151,234) (555,252) (2,107,263) Executive compensation limitation under Section 162(m) 732,504 1,918,618 1,203,203 Excess tax benefits related to equity compensation (73,644) (3,237,682) (996,769) Other, net 740,340 (63,722) 746,619 $ 5,913,783 $ 11,659,482 $ 23,120,599
Tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2023 and 2022 are presented below: 2023 2022 Deferred tax assets: Allowance for credit losses $ 31,239,616 $ 33,481,188 Unearned insurance commissions 14,589,099 15,453,501 Accrued expenses primarily related to employee benefits 12,444,567 12,549,474 Reserve for uncollectible interest 1,124,879 1,261,035 Lease liability 20,675,974 21,575,596 Intangible assets 660,312 254,986 Foreign tax credit carryforward 3,254,926 3,254,926 Capital loss carryforward 7,966,326 7,966,326 State net operating loss carryforwards 4,851,747 3,849,158 Gross deferred tax assets 96,807,446 99,646,190 Less valuation allowance (15,209,271) (14,723,244) Net deferred tax assets 81,598,175 84,922,946 Deferred tax liabilities: Fair value adjustment for loans receivable (11,371,461) (13,896,840) Property and equipment (4,611,006) (4,875,859) Deferred loan origination costs (1,212,809) (1,708,369) Prepaid expenses (1,766,564) (1,785,906) Right-of-use asset (20,072,506) (21,273,281) Other (841,468) (1,581,234) Gross deferred tax liabilities (39,875,814) (45,121,489) Deferred income taxes, net $ 41,722,361 $ 39,801,457
Reconciliation of the beginning and ending amount of unrecognized tax benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits at March 31, 2023, 2022, and 2021 are presented below: 2023 2022 2021 Unrecognized tax benefit balance beginning of year $ 1,616,116 $ 1,811,244 $ 4,351,811 Gross increases for tax positions of current year 129,146 153,754 36,541 Settlements with tax authorities — — (1,968,702) Lapse of statute of limitations (927,037) (348,882) (608,406) Unrecognized tax benefit balance end of year $ 818,225 $ 1,616,116 $ 1,811,244

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Summary of basic and diluted average common shares outstanding	The following is a reconciliation of the numerators and denominators of the basic and diluted EPS calculations: For the year ended March 31, 2023 Income Shares Per Share Basic EPS Net income available to common shareholders $ 21,231,990 5,749,492 $ 3.69 Effect of dilutive securities options and restricted stock — 149,178 Diluted EPS Net income available to common shareholders including dilutive securities $ 21,231,990 5,898,670 $ 3.60 For the year ended March 31, 2022 Income Shares Per Share Amount Basic EPS Net income available to common shareholders $ 53,919,837 6,072,170 $ 8.88 Effect of dilutive securities options and restricted stock — 291,896 Diluted EPS Net income available to common shareholders including dilutive securities $ 53,919,837 6,364,066 $ 8.47 For the year ended March 31, 2021 Income Shares Per Share Amount Basic EPS Net income available to common shareholders $ 88,282,828 6,493,898 $ 13.59 Effect of dilutive securities options and restricted stock — 178,212 Diluted EPS Net income available to common shareholders including dilutive securities $ 88,282,828 6,672,110 $ 13.23

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of performance shares, activity	The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for Restricted Stock Eligible for Vesting $16.35 40% $20.45 60% Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100%
Schedule of weighted-average assumptions	This fair value was estimated at grant date using the weighted-average assumptions listed below. 2023 2022 2021 Dividend yield 0 % 0 % 0 % Expected volatility 57.21 % 57.82 % 57.53 % Average risk-free interest rate 3.64 % 1.02 % 0.59 % Expected life 5.8 years 6.0 years 6.3 years
Summary schedule of stock option activity	Option activity for the year ended March 31, 2023 was as follows: Shares Weighted Weighted Aggregate Options outstanding, beginning of year 348,743 $ 104.38 Granted 16,490 96.07 Exercised (8,523) 84.84 Forfeited (21,523) 119.93 Expired (20,445) 88.88 Options outstanding, end of period 314,742 3 $ 104.41 5.82 $ 589,526 Options exercisable, end of period 114,757 $ 100.22 5.07 $ 441,097
Intrinsic value of options exercised	The total intrinsic value of options exercised during the years ended March 31, 2023, 2022, and 2021 was as follows: 2023 2022 2021 $493,418 $17,494,865 $9,996,167
Summary of the status and changes restricted stock	A summary of the status of the Company’s restricted stock as of March 31, 2023 and changes during the year ended March 31, 2023, are presented below: Shares Weighted Average Fair Outstanding at March 31, 2022 552,502 $ 102.51 Granted during the period 3,250 129.85 Vested during the period (65,518) 104.13 Forfeited during the period (29,620) 112.70 Outstanding at March 31, 2023 460,614 $ 101.82
Share-based compensation included as a component of net income	Total stock-based compensation included as a component of net income during the years ended March 31, 2023, 2022, and 2021 was as follows: 2023 2022 2021 Stock-based compensation related to equity classified units: Stock-based compensation related to stock options $ 2,442,309 $ 3,473,913 $ 3,804,674 Stock-based compensation related to restricted stock 6,610,526 14,109,082 15,476,604 Total stock-based compensation related to equity classified awards $ 9,052,835 $ 17,582,995 $ 19,281,278

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table sets forth the acquisition activity of the Company for the years ended March 31, 2023, 2022, and 2021: 2023 2022 2021 Acquisitions: Number of asset purchases 50 50 50 Total acquisitions 50 50 50 Purchase price $ 23,131,758 $ 10,859,984 $ 19,774,252 Tangible assets: Loans receivable, net 28,322,554 9,631,112 15,210,973 Purchase price amount over (below) carrying value of net tangible assets 4 $ (5,190,796) $ 1,228,872 $ 4,563,279 Customer lists $ — $ 952,872 $ 4,365,779 Non-compete agreements — 276,000 197,500

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Book value and estimated fair value of the Company's long-term debt	The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. March 31, 2023 March 31, 2022 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 16,508,935 $ 16,508,935 $ 19,236,322 $ 19,236,322 Loans receivable, net 3 887,788,486 887,788,486 985,515,154 985,515,154 LIABILITIES Senior unsecured notes payable 2 290,860,000 218,127,548 300,000,000 264,639,000 Senior notes payable 3 307,910,824 307,910,824 396,972,746 396,972,746

Quarterly Information (Unaudi_2

Quarterly Information (Unaudited) (Tables)	12 Months Ended
	Mar. 31, 2023
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	The following sets forth selected quarterly operating data: Fiscal 2023 Fiscal 2022 First Second Third Fourth First Second Third Fourth (Dollars in thousands, except for earnings per share data) Total revenues $ 157,918 $ 151,258 $ 146,532 $ 160,837 $ 129,659 $ 137,827 $ 149,046 $ 168,656 Provision for credit losses 85,822 68,620 59,609 45,412 30,266 42,044 56,459 57,439 General and administrative expenses 73,174 71,218 66,475 68,607 73,351 74,989 74,703 76,934 Interest expense 11,174 13,032 14,070 12,185 5,501 6,714 10,166 11,044 Income tax expense (benefit) (3,449) (246) 619 8,990 4,770 1,641 391 4,857 Net income (loss) $ (8,803) $ (1,366) $ 5,759 $ 25,643 $ 15,771 $ 12,439 $ 7,327 $ 18,382 Net income (loss) per common share: Basic $ (1.53) $ (0.24) $ 1.00 $ 4.44 $ 2.56 $ 2.04 $ 1.20 3.10 Diluted $ (1.53) $ (0.24) $ 0.98 $ 4.37 $ 2.44 $ 1.94 $ 1.14 2.97

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Mar. 31, 2023 USD ($) branch segment	Apr. 01, 2023 USD ($)	Apr. 01, 2022 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)
Schedule of Subsidiaries Information [Line Items]
Retained earnings	$ 97,154,898			$ 92,117,343
Business Segments [Abstract]
Number of reportable segments | segment	1
Cash and Cash Equivalents [Abstract]
Restricted cash	$ 8,300,000			7,800,000
Loans and Interest Income [Abstract]
Unearned interest, insurance and fees	4,900,000			6,900,000
Gross loans receivable	1,390,015,568			1,522,788,860
Impaired loans [Abstract]
Bankrupt accounts that had not been charged off	6,800,000			5,400,000
Accounting Standards Update 2023-02 | Impact of ASC 326 adoption
Schedule of Subsidiaries Information [Line Items]
Retained earnings		$ 1,900,000	$ 1,900,000
Maximum
Loans and Interest Income [Abstract]
Originations	6,000			6,000	$ 6,000
Small loans
Loans and Interest Income [Abstract]
Gross loans receivable	580,107,889			727,852,627
Small loans | Minimum
Loans and Interest Income [Abstract]
Originations	$ 500
Loan term	5 months
Small loans | Maximum
Loans and Interest Income [Abstract]
Originations	$ 2,450
Loan term	31 months
Large loans
Loans and Interest Income [Abstract]
Gross loans receivable	$ 807,345,625			789,112,912
Large loans | Minimum
Loans and Interest Income [Abstract]
Originations	$ 2,500
Loan term	10 months
Large loans | Maximum
Loans and Interest Income [Abstract]
Originations	$ 33,450
Loan term	60 months
Sales finance loans
Loans and Interest Income [Abstract]
Gross loans receivable	$ 2,562,054			$ 5,823,321
Sales finance loans | Minimum
Loans and Interest Income [Abstract]
Originations	$ 500
Loan term	8 months
Sales finance loans | Maximum
Loans and Interest Income [Abstract]
Originations	$ 5,000
Loan term	8 months
United States
Schedule of Subsidiaries Information [Line Items]
Number of offices operated in the United States of America | branch	1,073

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Useful Lives (Details)	12 Months Ended
	Mar. 31, 2023
Minimum
Property, Plant and Equipment [Line Items]
Operating lease, term of contract	3 years
Maximum
Property, Plant and Equipment [Line Items]
Operating lease, term of contract	5 years
Building | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	25 years
Building | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	40 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	5 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	10 years
Equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years
Equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Intangible Assets (Details)	12 Months Ended
	Mar. 31, 2023 USD ($) states reporting_unit	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)	Feb. 24, 2022 USD ($)	Mar. 31, 2020 USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of reporting units | reporting_unit	1
Share Repurchases [Abstract]
Amount authorized for repurchase				$ 30,000,000
Amount remaining for repurchase	$ 1,100,000
Amount outstanding	595,300,000
Unamortized debt issuance costs	3,500,000
Stockholders' equity	$ 385,226,737	$ 373,024,428	$ 404,927,441		$ 411,963,067
Debt to equity ratio	1.6
Concentration of Risk [Abstract]
Number of states in which entity operates | states	16
Number of states with largest concentration of revenue | states	4
Advertising	$ 6,096,083	18,298,212	$ 17,190,676
Accounts Receivable | Geographic Concentration Risk | 4 Largest States
Concentration of Risk [Abstract]
Concentration risk percentage	52%
Customer lists
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	9 years 4 months 24 days
Customer lists | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	8 years
Customer lists | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	23 years
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	4 years 8 months 12 days
Noncompete Agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	3 years
Noncompete Agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, useful life (in years)	5 years 3 months 18 days
Senior notes payable
Finite-Lived Intangible Assets [Line Items]
Debt issuance costs	$ 1,200,000	700,000
Unsecured Debt
Finite-Lived Intangible Assets [Line Items]
Debt issuance costs	$ 3,500,000	$ 4,600,000

Allowance for Credit Losses a_3

Allowance for Credit Losses and Credit Quality Information (Gross Loans Receivable By Customer Tenure) (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,390,015,568	$ 1,522,788,860
Allowance for credit losses	125,552,733	134,242,862		$ 91,722,288	$ 96,487,856
Accounting Standards Update 2016-13
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses			$ 28,600,000
Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	2,562,054	5,823,320
0 to 5 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	81,803,668	198,740,475
6 to 17 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	133,650,188	133,665,566
18 to 35 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	135,396,187	204,940,323
36 to 59 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	244,414,255	214,956,857
60+ Months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 792,189,216	$ 764,662,319

Allowance for Credit Losses a_4

Allowance for Credit Losses and Credit Quality Information (Payment Performance On A Contractual Basis) (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,390,015,568	$ 1,522,788,860
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,309,447,905	1,472,796,581
Financing receivable, between 1 and 2 years ago	75,283,901	40,616,551
Financing receivable, between 2 and 3 years ago	2,411,623	3,291,728
Financing receivable, between 3 and 4 years ago	261,137	217,524
Financing receivable, between 4 and 5 years ago	36,864	35,183
Financing receivable, more than 5 years ago	12,084	7,973
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,387,453,514	1,516,965,540
Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	40,791,746	49,517,859
Financing receivable, between 1 and 2 years ago	4,689,867	2,114,463
Financing receivable, between 2 and 3 years ago	160,956	247,291
Financing receivable, between 3 and 4 years ago	42,700	28,011
Financing receivable, between 4 and 5 years ago	8,504	2,664
Financing receivable, more than 5 years ago	2,988	0
Gross loans receivable	45,696,761	51,910,288
Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	26,319,250	36,707,960
Financing receivable, between 1 and 2 years ago	2,572,733	989,136
Financing receivable, between 2 and 3 years ago	92,088	130,763
Financing receivable, between 3 and 4 years ago	40,281	13,031
Financing receivable, between 4 and 5 years ago	884	5,594
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	29,025,236	37,846,484
Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	41,832,821	64,238,626
Financing receivable, between 1 and 2 years ago	5,944,645	3,239,753
Financing receivable, between 2 and 3 years ago	160,361	248,596
Financing receivable, between 3 and 4 years ago	29,494	24,377
Financing receivable, between 4 and 5 years ago	4,430	5,386
Financing receivable, more than 5 years ago	2,233	4,001
Gross loans receivable	47,973,984	67,760,739
Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	2,542,860	5,801,474
Financing receivable, between 1 and 2 years ago	19,194	21,846
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	2,562,054	5,823,320
Tax Advance Loan | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	609,844	1,060,811
Financing receivable, between 1 and 2 years ago	736	1,334
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	610,580	1,062,145
Tax Advance Loan | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0	0
Financing receivable, between 1 and 2 years ago	4,845	432
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	4,845	432
Tax Advance Loan | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	409	2,922
Financing receivable, between 1 and 2 years ago	10,089	13,047
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	10,498	15,969
Performing Financing Receivables | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,200,504,088	1,322,332,136
Financing receivable, between 1 and 2 years ago	62,076,656	34,273,199
Financing receivable, between 2 and 3 years ago	1,998,218	2,665,078
Financing receivable, between 3 and 4 years ago	148,662	152,105
Financing receivable, between 4 and 5 years ago	23,046	21,539
Financing receivable, more than 5 years ago	6,863	3,972
Performing Financing Receivables | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,264,757,533	1,359,448,029
Performing Financing Receivables | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,932,607	4,737,741
Financing receivable, between 1 and 2 years ago	3,524	7,033
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	1,936,131	4,744,774
Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,390,015,568	1,522,788,860
Contractual basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	51,702,239	59,891,713
Contractual basis | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	36,094,628	46,645,203
Contractual basis | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	70,771,312	89,078,247
Contractual basis | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,309,447,906	1,472,796,581
Financing receivable, between 1 and 2 years ago	75,283,901	40,616,550
Financing receivable, between 2 and 3 years ago	2,411,623	3,291,728
Financing receivable, between 3 and 4 years ago	261,137	217,524
Financing receivable, between 4 and 5 years ago	36,863	35,184
Financing receivable, more than 5 years ago	12,084	7,973
Contractual basis | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,387,453,514	1,516,965,540
Contractual basis | Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	47,346,331	57,225,953
Financing receivable, between 1 and 2 years ago	3,661,493	1,508,794
Financing receivable, between 2 and 3 years ago	77,857	91,118
Financing receivable, between 3 and 4 years ago	6,714	5,519
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	51,092,395	58,831,384
Contractual basis | Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	33,012,804	45,276,797
Financing receivable, between 1 and 2 years ago	3,030,052	1,271,187
Financing receivable, between 2 and 3 years ago	44,129	96,233
Financing receivable, between 3 and 4 years ago	7,643	986
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	36,094,628	46,645,203
Contractual basis | Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	54,851,010	79,845,465
Financing receivable, between 1 and 2 years ago	14,940,345	7,922,574
Financing receivable, between 2 and 3 years ago	735,493	1,109,903
Financing receivable, between 3 and 4 years ago	182,547	142,183
Financing receivable, between 4 and 5 years ago	31,721	25,598
Financing receivable, more than 5 years ago	10,593	7,274
Gross loans receivable	70,751,709	89,052,997
Contractual basis | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	2,542,860	5,801,474
Financing receivable, between 1 and 2 years ago	19,194	21,846
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	2,562,054	5,823,320
Contractual basis | Tax Advance Loan | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	609,844	1,060,329
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	609,844	1,060,329
Contractual basis | Tax Advance Loan | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0	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	0	0
Contractual basis | Tax Advance Loan | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	409	3,404
Financing receivable, between 1 and 2 years ago	19,194	21,846
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	19,603	25,250
Contractual basis | Performing Financing Receivables | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,174,237,761	1,290,448,366
Financing receivable, between 1 and 2 years ago	53,652,011	29,913,995
Financing receivable, between 2 and 3 years ago	1,554,144	1,994,474
Financing receivable, between 3 and 4 years ago	64,233	68,836
Financing receivable, between 4 and 5 years ago	5,142	9,586
Financing receivable, more than 5 years ago	1,491	699
Contractual basis | Performing Financing Receivables | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,229,514,782	1,322,435,956
Contractual basis | Performing Financing Receivables | Tax Advance Loan
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,932,607	4,737,741
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	$ 1,932,607	$ 4,737,741

Allowance for Credit Losses a_5

Allowance for Credit Losses and Credit Quality Information (Summary of Past Due Receivables) (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 1,390,015,568	$ 1,522,788,860
Unearned interest, insurance and fees	(4,900,000)	(6,900,000)
Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	2,562,054	5,823,320
30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	81,803,668	198,740,475
30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	133,650,188	133,665,566
30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	135,396,187	204,940,323
30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	244,414,255	214,956,857
30 - 60 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	792,189,216	764,662,319
Recency Basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	1,390,015,568	1,522,788,860
Unearned interest, insurance and fees	(376,674,349)	(403,030,844)
Total net loans	$ 1,013,341,219	$ 1,119,758,016
Financing receivable, percent past due	8.90%	10.40%
Recency Basis | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 2,562,054	$ 5,823,320
Recency Basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	81,803,669	198,740,475
Recency Basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	133,650,188	133,665,566
Recency Basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	135,396,186	204,940,323
Recency Basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	237,962,419	208,936,027
Recency Basis | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	798,641,052	770,683,149
Recency Basis | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	1,266,693,664	1,364,192,803
Unearned interest, insurance and fees	(343,255,876)	(361,055,818)
Total net loans	923,437,788	1,003,136,985
Recency Basis | Current | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	1,936,131	4,744,774
Recency Basis | Current | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	64,615,315	145,168,588
Recency Basis | Current | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	113,946,833	116,065,794
Recency Basis | Current | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	120,125,820	183,697,553
Recency Basis | Current | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	217,851,608	193,820,229
Recency Basis | Current | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	748,217,957	720,695,865
Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	46,307,341	52,972,433
Unearned interest, insurance and fees	(12,548,627)	(14,020,016)
Total net loans	$ 33,758,714	$ 38,952,417
Financing receivable, percent past due	3.30%	3.50%
Recency Basis | 30 - 60 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 610,580	$ 1,062,145
Recency Basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	5,451,276	13,450,365
Recency Basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	6,527,355	5,548,699
Recency Basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	5,336,994	7,220,814
Recency Basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	7,871,872	5,951,049
Recency Basis | 30 - 60 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	20,509,264	19,739,361
Recency Basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	29,030,081	37,846,916
Unearned interest, insurance and fees	(7,866,737)	(10,016,802)
Total net loans	$ 21,163,344	$ 27,830,114
Financing receivable, percent past due	2.10%	2.50%
Recency Basis | 61 - 90 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 4,845	$ 432
Recency Basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	4,407,751	14,196,717
Recency Basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	4,655,441	4,148,743
Recency Basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	3,727,331	4,903,686
Recency Basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	4,713,501	3,452,087
Recency Basis | 61 - 90 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	11,521,212	11,145,251
Recency Basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	47,984,482	67,776,708
Unearned interest, insurance and fees	(13,003,109)	(17,938,208)
Total net loans	$ 34,981,373	$ 49,838,500
Financing receivable, percent past due	3.50%	4.50%
Recency Basis | 91 or more days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 10,498	$ 15,969
Recency Basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	7,329,327	25,924,805
Recency Basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	8,520,559	7,902,330
Recency Basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	6,206,041	9,118,270
Recency Basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	7,525,438	5,712,662
Recency Basis | 91 or more days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	18,392,619	19,102,672
Recency Basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	123,321,904	158,596,057
Unearned interest, insurance and fees	(33,418,473)	(41,975,027)
Total net loans	89,903,431	116,621,030
Recency Basis | Total Past Due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	625,923	1,078,546
Recency Basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	17,188,354	53,571,887
Recency Basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	19,703,355	17,599,772
Recency Basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	15,270,366	21,242,770
Recency Basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	20,110,811	15,115,798
Recency Basis | Total Past Due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	50,423,095	49,987,284
Contractual basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	1,390,015,568	1,522,788,860
Unearned interest, insurance and fees	(376,674,349)	(403,030,844)
Total net loans	$ 1,013,341,219	$ 1,119,758,016
Financing receivable, percent past due	11.40%	12.80%
Contractual basis | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 2,562,054	$ 5,823,320
Contractual basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	81,803,670	198,740,475
Contractual basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	133,650,188	133,665,566
Contractual basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	135,396,186	204,940,323
Contractual basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	237,962,418	208,936,027
Contractual basis | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	798,641,052	770,683,149
Contractual basis | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	1,231,447,389	1,327,173,697
Unearned interest, insurance and fees	(333,704,639)	(351,258,109)
Total net loans	897,742,750	975,915,588
Contractual basis | Current | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	1,932,607	4,737,742
Contractual basis | Current | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	61,850,144	140,570,461
Contractual basis | Current | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	109,694,389	112,465,841
Contractual basis | Current | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	115,711,781	177,565,328
Contractual basis | Current | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	212,104,582	188,849,569
Contractual basis | Current | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	730,153,886	702,984,756
Contractual basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	51,702,239	59,891,713
Unearned interest, insurance and fees	(14,010,568)	(15,851,316)
Total net loans	$ 37,691,671	$ 44,040,397
Financing receivable, percent past due	3.70%	3.90%
Contractual basis | 30 - 60 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 609,844	$ 1,060,329
Contractual basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	5,320,659	14,090,712
Contractual basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	6,892,610	6,032,347
Contractual basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	5,721,694	8,067,815
Contractual basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	8,751,303	6,994,891
Contractual basis | 30 - 60 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	24,406,129	23,645,619
Contractual basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	36,094,628	46,645,203
Unearned interest, insurance and fees	(9,781,128)	(12,345,412)
Total net loans	$ 26,313,500	$ 34,299,791
Financing receivable, percent past due	2.60%	3.10%
Contractual basis | 61 - 90 days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 0	$ 0
Contractual basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	4,864,498	15,380,836
Contractual basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	5,613,468	4,922,939
Contractual basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	4,499,010	6,273,351
Contractual basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	5,917,982	4,624,136
Contractual basis | 61 - 90 days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	15,199,670	15,443,941
Contractual basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	70,771,312	89,078,247
Unearned interest, insurance and fees	(19,178,014)	(23,576,007)
Total net loans	$ 51,593,298	$ 65,502,240
Financing receivable, percent past due	5.10%	5.80%
Contractual basis | 91 or more days past due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 19,603	$ 25,249
Contractual basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	9,768,369	28,698,466
Contractual basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	11,449,721	10,244,439
Contractual basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	9,463,701	13,033,829
Contractual basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	11,188,551	8,467,431
Contractual basis | 91 or more days past due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	28,881,367	28,608,833
Contractual basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	158,568,179	195,615,163
Unearned interest, insurance and fees	(42,969,710)	(51,772,735)
Total net loans	115,598,469	143,842,428
Contractual basis | Total Past Due | Tax Advance Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	629,447	1,085,578
Contractual basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	19,953,526	58,170,014
Contractual basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	23,955,799	21,199,725
Contractual basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	19,684,405	27,374,995
Contractual basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	25,857,836	20,086,458
Contractual basis | Total Past Due | 60+ Months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables	$ 68,487,166	$ 67,698,393

Allowance for Credit Losses a_6

Allowance for Credit Losses and Credit Quality Information (Nonaccrual) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Nonaccrual [Line Items]
Uncollected accrued interest reversed	$ 36,500,000	$ 30,600,000
Financing receivable, nonaccrual	86,514,188	105,649,311
Interest Income Recognized	15,606,987	12,657,746	$ 14,690,456
Nonaccrual status
Financing Receivable, Nonaccrual [Line Items]
Unearned interest, insurance and fees	(32,158,640)	(38,026,011)
Tax Advance Loan
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	19,603	25,249
Interest Income Recognized	0	0	0
0 to 5 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	15,781,494	45,227,510
Interest Income Recognized	2,032,098	1,485,356	1,705,371
6 to 17 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	18,288,714	15,879,250
Interest Income Recognized	1,815,167	1,662,082	2,433,144
18 to 35 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	15,551,806	20,745,106
Interest Income Recognized	2,385,356	2,292,776	2,195,160
36 to 59 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	19,175,410	14,232,388
Interest Income Recognized	2,326,640	1,602,011	1,609,059
60+ Months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	49,855,801	47,565,819
Interest Income Recognized	$ 7,047,726	$ 5,615,521	$ 6,747,722

Allowance for Credit Losses a_7

Allowance for Credit Losses and Credit Quality Information (Rollforward of Allowance For Loan Losses) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				$ 134,242,862				$ 91,722,288	$ 134,242,862	$ 91,722,288	$ 96,487,856
Provision for credit losses	$ 45,412,000	$ 59,609,000	$ 68,620,000	$ 85,822,000	$ 57,439,000	$ 56,459,000	$ 42,044,000	$ 30,266,000	259,463,199	186,207,341	86,244,714
Charge-offs									(302,380,145)	(164,747,552)	(141,270,125)
Recoveries									34,226,817	21,060,785	21,631,475
Net charge-off									(268,153,328)	(143,686,767)	(119,638,650)
Ending Balance	$ 125,552,733				$ 134,242,862				125,552,733	$ 134,242,862	91,722,288
Charge offs									15,800,000
Proceeds from prior write offs, prior periods									8,400,000
Proceeds from prior write offs, current period									$ 7,400,000
Impact of ASC 326 adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance											$ 28,628,368

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 75,087,332	$ 74,851,255
Less accumulated depreciation and amortization	(51,161,252)	(50,375,024)
Total	23,926,080	24,476,231
Depreciation	6,239,266	6,253,175	$ 6,537,957
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	100,443	100,443
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	18,504,321	18,477,313
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 56,482,568	$ 56,273,499

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 66,258,763	$ 66,258,763
Accumulated Amortization	(50,969,184)	(46,502,649)
Net Intangible Asset	15,289,579	19,756,114
Estimated amortization expense for intangible assets for future years [Abstract]
2024	4,200,000
2025	3,800,000
2026	3,200,000
2027	2,700,000
2028	900,000
Thereafter	500,000
Cost of acquiring existing customers
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	55,730,620	55,730,620
Accumulated Amortization	(40,950,350)	(36,907,598)
Net Intangible Asset	14,780,270	18,823,022
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,528,143	10,528,143
Accumulated Amortization	(10,018,834)	(9,595,051)
Net Intangible Asset	$ 509,309	$ 933,092

Goodwill (Details)

Goodwill (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Goodwill [Abstract]
Goodwill	$ 7,370,791	$ 7,370,791

Debt (Narrative) (Details)

Debt (Narrative) (Details)			12 Months Ended
	Nov. 23, 2022	Sep. 27, 2021 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)
Line of Credit Facility [Line Items]
Accordion feature permitting the maximum aggregate commitments to increase			$ 785,000,000
Amount outstanding			595,300,000
Standby letters of credit			$ 300,000
Commitment fee percentage			0.50%
Gain on extinguishment of senior unsecured notes payable			$ 1,831,277	$ 0	$ 0
Senior notes payable
Line of Credit Facility [Line Items]
Debt issuance costs			1,200,000	700,000
Senior notes payable | Senior Notes Due 2026
Line of Credit Facility [Line Items]
Interest rate		7%
Aggregate principal amount		$ 300,000,000
Redemption price, percentage of equity offerings		40%
Repurchased and extinguished amount of debt			9,000,000
Debt issuance costs			100,000
Reacquisition price			7,200,000
Gain on extinguishment of senior unsecured notes payable			1,800,000
Senior notes payable | Senior Notes Due 2026 | Period One
Line of Credit Facility [Line Items]
Redemption price percent		100%
Senior notes payable | Senior Notes Due 2026 | Period Two
Line of Credit Facility [Line Items]
Redemption price percent		107%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			685,000,000
Amount outstanding			$ 307,900,000
Extension period			1 year
Interest rate			3.50%
Unused borrowing capacity fee			$ 1,290,000	$ 1,340,000	$ 1,300,000
Expiration date			Jun. 07, 2024
Effective interest rate			7%	5%	5.80%
Unused amount available			$ 318,700,000
Debt covenants minimum net worth			$ 325,000,000
Fixed charge ratio			2
Expiration period			60 days
Revolving Credit Facility | Scenario 1
Line of Credit Facility [Line Items]
Debt covenant, maximum ratio of total debt	2.5
Debt covenant, maximum collateral performance indicator percentage	26%
Fixed charge ratio	1.25
Revolving Credit Facility | Scenario 2
Line of Credit Facility [Line Items]
Debt covenant, maximum ratio of total debt	2.25
Debt covenant, maximum collateral performance indicator percentage	28%
Fixed charge ratio	1.15
Revolving Credit Facility | Scenario 3
Line of Credit Facility [Line Items]
Debt covenant, maximum ratio of total debt	2
Fixed charge ratio	1.50
Revolving Credit Facility | Scenario 4
Line of Credit Facility [Line Items]
Debt covenant, maximum ratio of total debt	2.25
Fixed charge ratio	2
Revolving Credit Facility | Scenario 5
Line of Credit Facility [Line Items]
Fixed charge ratio	2.75
Revolving Credit Facility | SOFR
Line of Credit Facility [Line Items]
Variable rate			0.10%
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Interest rate			4.50%

Debt (Debt Maturities) (Details

Debt (Debt Maturities) (Details)	Mar. 31, 2023 USD ($)
Aggregate annual maturities of notes payable [Abstract]
2024	$ 0
2025	307,910,824
2026	0
2027	290,860,000
2028	0
Total future debt payments	$ 598,770,824

Insurance and Other Income (Det

Insurance and Other Income (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Components of Other Income [Line Items]
Insurance and other income	$ 108,209,683	$ 99,520,174	$ 76,876,904
Insurance commissions
Components of Other Income [Line Items]
Insurance and other income	67,153,063	56,270,249	44,214,454
Tax return preparation revenue
Components of Other Income [Line Items]
Insurance and other income	23,970,639	24,498,059	20,555,226
Auto club membership revenue
Components of Other Income [Line Items]
Insurance and other income	9,661,126	14,758,783	7,863,145
Other
Components of Other Income [Line Items]
Insurance and other income	$ 7,424,855	$ 3,993,083	$ 4,244,079

Insurance and Other Income (Rei

Insurance and Other Income (Reinsurance Contracts) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Insurance Commissions and other income [Abstract]
Net written premiums	$ 9	$ 9.8	$ 5.9
Earned premiums	9.1	7.6	$ 6
Cash reserves	$ 5.7	$ 6.4

Non-filing Insurance (Details)

Non-filing Insurance (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Non-file Insurance [Abstract]
Insurance premiums written	$ 6,732,057	$ 8,804,046	$ 7,072,647
Recoveries on claims paid	1,143,332	982,025	959,620
Claims paid	$ 12,026,092	$ 6,336,549	$ 5,223,484

Leases (Narrative) (Details)

Leases (Narrative) (Details)	Mar. 31, 2023	Mar. 31, 2022
Operating Leased Assets [Line Items]
Effective interest rate		6%
Minimum
Operating Leased Assets [Line Items]
Operating lease, term of contract	3 years
Maximum
Operating Leased Assets [Line Items]
Operating lease, term of contract	5 years

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Operating Leases [Abstract]
Finance lease cost	$ 205,975	$ 427,619	$ 466,168
Amortization of right-of-use assets	204,552	407,624	407,624
Interest on lease liabilities	1,423	19,995	58,544
Operating lease cost	27,408,284	27,529,425	27,977,226
Short-term lease cost	0	0	1,800
Variable lease cost	3,710,560	3,629,903	3,621,748
Total lease cost	31,324,819	31,586,947	32,066,942
Cash paid for amounts included in the measurement of lease liabilities	26,476,133	27,936,317	28,211,828
Operating cash flows from finance leases	1,423	19,994	58,544
Operating cash flows from operating leases	26,394,643	27,411,037	27,559,260
Financing cash flows from finance leases	80,067	505,286	594,024
Right-of-use assets obtained in exchange for new finance lease liabilities	0	0	0
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 16,924,511	$ 15,381,953	$ 12,482,167
Weighted-average remaining lease term — finance leases		4 months 24 days	9 months 18 days
Weighted average remaining lease term — operating leases	7 years 1 month 6 days	7 years 3 months 18 days	7 years 3 months 18 days
Weighted-average discount rate (monthly) — finance leases	0%	6%	6.40%
Weighted-average discount rate — operating leases	6%	6.10%	6.30%

Leases (Maturities Of Operating

Leases (Maturities Of Operating Lease ) (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Operating
2024	$ 23,157,355
2025	18,479,719
2026	15,057,068
2027	11,178,325
2028	8,640,247
Thereafter	27,716,477
Total undiscounted lease liability	104,229,191
Imputed interest	20,494,189
Total discounted lease liability	$ 83,735,002	$ 87,399,049

Income Taxes (Income Tax Expens

Income Taxes (Income Tax Expense Benefit) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Current Income Tax Expense (Benefit) [Abstract]
Federal									$ 7,135,030	$ 22,262,110	$ 16,443,592
State and local									880,838	4,206,087	1,025,645
Current income tax expense									8,015,868	26,468,197	17,469,237
Deferred Income Tax Expense (Benefit) [Abstract]
Federal									(1,430,623)	(11,892,354)	4,077,609
State and local									(671,462)	(2,916,361)	1,573,753
Deferred income tax benefit									(2,102,085)	(14,808,715)	5,651,362
Income Tax Expense (Benefit) [Abstract]
Federal									5,704,407	10,369,756	20,521,201
State and local									209,376	1,289,726	2,599,398
Income tax expenses (benefit)	$ 8,990,000	$ 619,000	$ (246,000)	$ (3,449,000)	$ 4,857,000	$ 391,000	$ 1,641,000	$ 4,770,000	$ 5,913,783	$ 11,659,482	$ 23,120,599

Income Taxes (Income Tax Reconc

Income Taxes (Income Tax Reconciliation) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Income tax expense reconciliation to U.S. federal tax rate [Abstract]
Expected income tax									$ 5,700,613	$ 13,771,657	$ 23,394,720
Increase (reduction) in income taxes resulting from:
State tax (excluding state tax credits), net of federal benefit									328,026	1,489,800	2,053,524
Federal tax credits, net									(200,203)	(1,193,021)	(1,173,435)
State tax credits									(162,619)	(470,916)	0
Uncertain tax positions									(1,151,234)	(555,252)	(2,107,263)
Executive compensation limitation under Section 162(m)									732,504	1,918,618	1,203,203
Excess tax benefits related to equity compensation									(73,644)	(3,237,682)	(996,769)
Other, net									740,340	(63,722)	746,619
Income tax expenses (benefit)	$ 8,990,000	$ 619,000	$ (246,000)	$ (3,449,000)	$ 4,857,000	$ 391,000	$ 1,641,000	$ 4,770,000	$ 5,913,783	$ 11,659,482	$ 23,120,599

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Deferred tax assets:
Allowance for credit losses	$ 31,239,616	$ 33,481,188
Unearned insurance commissions	14,589,099	15,453,501
Accrued expenses primarily related to employee benefits	12,444,567	12,549,474
Reserve for uncollectible interest	1,124,879	1,261,035
Lease liability	20,675,974	21,575,596
Intangible assets	660,312	254,986
Foreign tax credit carryforward	3,254,926	3,254,926
Capital loss carryforward	7,966,326	7,966,326
State net operating loss carryforwards	4,851,747	3,849,158
Gross deferred tax assets	96,807,446	99,646,190
Less valuation allowance	(15,209,271)	(14,723,244)
Net deferred tax assets	81,598,175	84,922,946
Deferred tax liabilities:
Fair value adjustment for loans receivable	(11,371,461)	(13,896,840)
Property and equipment	(4,611,006)	(4,875,859)
Deferred loan origination costs	(1,212,809)	(1,708,369)
Prepaid expenses	(1,766,564)	(1,785,906)
Right-of-use asset	(20,072,506)	(21,273,281)
Other	(841,468)	(1,581,234)
Gross deferred tax liabilities	(39,875,814)	(45,121,489)
Deferred income taxes, net	$ 41,722,361	$ 39,801,457

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021	Apr. 01, 2023	Apr. 01, 2022
Income Tax Contingency [Line Items]
Retained earnings	$ 97,154,898	$ 92,117,343
U.S. federal income tax rate (in hundredths)		21%
State net operating loss carryforwards	4,851,747	$ 3,849,158
Other, net	740,340	(63,722)	$ 746,619
Increased deferred tax asset valuation allowance	500,000
Valuation allowance	15,209,271	14,723,244
Foreign tax credit carryforward	3,254,926	3,254,926
Capital loss carryforward	7,966,326	7,966,326
Other loss carryforward	200,000
Total gross unrecognized tax benefits including interest	1,100,000	2,200,000	3,100,000
Unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate	900,000	2,000,000	2,600,000
Gross unrecognized tax benefit expected to resolved	500,000
Accrued gross interest	300,000	600,000	1,200,000
Current period gross interest expense	100,000	$ 200,000	$ 300,000
Historic Tax Credit Investment
Income Tax Contingency [Line Items]
Equity method investment	23,000,000
Tax benefits from these investments	1,900,000
Historic tax credit investments amortization	2,100,000
Impact of ASC 326 adoption | Accounting Standards Update 2023-02
Income Tax Contingency [Line Items]
Retained earnings				$ 1,900,000	$ 1,900,000
Domestic Tax Authority
Income Tax Contingency [Line Items]
Operating loss carryforwards	84,700,000
Other, net	900,000
Operating loss subject to expiration	1,000
Colorado | Domestic Tax Authority
Income Tax Contingency [Line Items]
Operating loss subject to expiration	63,000,000
Valuation allowance	4,000,000
Mexico
Income Tax Contingency [Line Items]
Increased deferred tax asset valuation allowance	7,700,000
Capital loss carryforward	37,000,000
United States
Income Tax Contingency [Line Items]
Capital loss carryforward	$ 900,000

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Reconciliation of the beginning and ending amount of unrecognized tax benefits [Roll Forward]
Unrecognized tax benefit balance beginning of year	$ 1,616,116	$ 1,811,244	$ 4,351,811
Gross increases for tax positions of current year	129,146	153,754	36,541
Settlements with tax authorities	0	0	(1,968,702)
Lapse of statute of limitations	(927,037)	(348,882)	(608,406)
Unrecognized tax benefit balance end of year	$ 818,225	$ 1,616,116	$ 1,811,244

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Income (Numerator)
Net income	$ 25,643,000	$ 5,759,000	$ (1,366,000)	$ (8,803,000)	$ 18,382,000	$ 7,327,000	$ 12,439,000	$ 15,771,000	$ 21,231,990	$ 53,919,837	$ 88,282,828
Shares (Denominator)
Income available to common shareholders (in shares)									5,749,492	6,072,170	6,493,898
Effect of dilutive securities options and restricted stock (in shares)									149,178	291,896	178,212
Income available to common shareholders, diluted (in shares)									5,898,670	6,364,066	6,672,110
Basic (in dollars per share)	$ 4.44	$ 1	$ (0.24)	$ (1.53)	$ 3.10	$ 1.20	$ 2.04	$ 2.56	$ 3.69	$ 8.88	$ 13.59
Diluted (in dollars per share)	$ 4.37	$ 0.98	$ (0.24)	$ (1.53)	$ 2.97	$ 1.14	$ 1.94	$ 2.44	$ 3.60	$ 8.47	$ 13.23
Antidilutive securities (in shares)									333,072	412,015	608,087

Benefit Plans (Narrative) (Deta

Benefit Plans (Narrative) (Details)		3 Months Ended	12 Months Ended
	Oct. 15, 2018	Mar. 31, 2023 USD ($) installment quarter shares	Mar. 31, 2023 USD ($) installment plan quarter $ / shares shares	Mar. 31, 2022 USD ($) $ / shares shares	Mar. 31, 2021 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum contribution from employer			50%
Employer matching contribution, percent			6%
Employer contribution, percent of match			3%
Amount of cost recognized			$ 1,700,000	$ 1,800,000	$ 1,600,000
Number of executive retirement plans | plan			2
Annual salary increase used for estimating unfunded liability		3.50%
Discount rate used for estimating unfunded liability		6%	6%
Retirement age used for estimating unfunded liability		65
Stock Option Plans
Number of shares available for grant (in shares) | shares		145,031	145,031
Percentage of shares subject to performance shares			100%
Weighted-average fair value at the grant date | $ / shares			$ 53.57	$ 99.14	$ 58.48
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Stock-based compensation			$ 9,052,835	$ 17,582,995	$ 19,281,278
Stock Options Plans
Stock Option Plans
Shares of authorized common stock reserved for issuance (in shares) | shares		3,350,000	3,350,000
Compensation Cost Not yet Recognized
Total unrecognized stock-based compensation expense related to non-vested stock options		$ 3,100,000	$ 3,100,000
Weighted average period for recognition			1 year 9 months 18 days
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			1 year 9 months 18 days
Stock-based compensation			$ 2,442,309	$ 3,473,913	$ 3,804,674
Outstanding number | shares		314,742	314,742	348,743
Options exercisable, end of period (in shares) | shares		114,757	114,757
Stock Options Plans | Scenario 1
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Outstanding number | shares		86,811	86,811
Stock Options Plans | Scenario 2
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Outstanding number | shares		113,174	113,174
Restricted Stock
Stock Option Plans
Number of installments | installment		6	6
Compensation Cost Not yet Recognized
Weighted average period for recognition			1 year 3 months 18 days
Restricted Stock
Granted during the period (in shares) | shares			3,250	4,062	52,735
Granted during the period (in dollars per share) | $ / shares			$ 129.85	$ 188.38	$ 106.28
Schedule of vesting of restricted shares on basis of compounded annual EPS growth [Abstract]
Weighted average period for recognition			1 year 3 months 18 days
Stock-based compensation			$ 6,610,526	$ 14,109,082	$ 15,476,604
Unrecognized compensation cost related to unvested restricted stock		$ 4,400,000	$ 4,400,000
Performance Shares
Stock Option Plans
Vesting period	10 years
Number of consecutive quarters | quarter		4	4
Service Options
Stock Option Plans
Vesting period			10 years
Number of installments | installment		6	6
Minimum | Stock Options Plans
Stock Option Plans
Vesting period			3 years
Maximum | Stock Options Plans
Stock Option Plans
Expiration period			10 years
Vesting period			6 years
Supplemental Employee Retirement Plans, Defined Benefit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pension and other postretirement benefits cost (reversal of cost)			$ 500,000	500,000	$ 600,000
Unfunded liability		$ 5,700,000	$ 5,700,000	$ 5,900,000

Benefit Plans (Stock Grant Fair

Benefit Plans (Stock Grant Fair Value Assumptions) (Details) - $ / shares	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0%	0%	0%
Expected volatility	57.21%	57.82%	57.53%
Average risk-free interest rate	3.64%	1.02%	0.59%
Expected life	5 years 9 months 18 days	6 years	6 years 3 months 18 days
Target 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Targets (in dollars per share)	$ 16.35
Restricted Stock Eligible for Vesting (in hundredths)	40%
Target 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Targets (in dollars per share)	$ 20.45
Restricted Stock Eligible for Vesting (in hundredths)	60%
Target 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS Targets (in dollars per share)	$ 25.30
Restricted Stock Eligible for Vesting (in hundredths)	100%

Benefit Plans (Option activity)

Benefit Plans (Option activity) (Details) - Stock Options Plans - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)	348,743
Granted (in shares)	16,490
Exercised (in shares)	(8,523)
Forfeited (in shares)	(21,523)
Expired (in shares)	(20,445)
Options outstanding, end of period (in shares)	314,742	348,743
Options exercisable, end of period (in shares)	114,757
Weighted Average Exercise Price [Roll Forward]
Options outstanding, beginning of year (in dollars per share)	$ 104.38
Granted (in dollars per share)	96.07
Exercised (in dollars per share)	84.84
Forfeited (in dollars per share)	119.93
Expired (in dollars per share)	88.88
Options outstanding, end of period (in dollars per share)	104.41	$ 104.38
Options exercisable, end of period (in dollars per share)	$ 100.22
Stock Option Activity Additional Disclosures
Weighted-average remaining contractual term, Options outstanding, end of period	5 years 9 months 25 days
Weighted-average remaining contractual terms, Options exercisable, end of period	5 years 25 days
Aggregate intrinsic value, Options outstanding, end of period	$ 589,526
Aggregate intrinsic value, Options exercisable, end of period	441,097
Intrinsic value of options exercised	$ 493,418	$ 17,494,865	$ 9,996,167

Benefit Plans (Restricted stock

Benefit Plans (Restricted stock) (Details) - Restricted Stock - $ / shares	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Summary of the status and changes in restricted stock [Roll Forward]
Outstanding at beginning of period (in shares)	552,502
Granted during the period (in shares)	3,250	4,062	52,735
Vested during the Period (in shares)	(65,518)
Forfeited during the period (in shares)	(29,620)
Outstanding at end of period (in shares)	460,614	552,502
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at beginning of period (in dollars per share)	$ 102.51
Granted during the period (in dollars per share)	129.85	$ 188.38	$ 106.28
Vested during the period (in dollars per share)	104.13
Forfeited during the period (in dollars per share)	112.70
Outstanding at end of period (in dollars per share)	$ 101.82	$ 102.51

Benefit Plans (Stock-based comp

Benefit Plans (Stock-based compensation) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 9,052,835	$ 17,582,995	$ 19,281,278
Stock Options Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	2,442,309	3,473,913	3,804,674
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	6,610,526	14,109,082	15,476,604
Equity Classified Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 9,052,835	$ 17,582,995	$ 19,281,278

Acquisitions (Details)

Acquisitions (Details)	12 Months Ended
	Mar. 31, 2023 USD ($) acquisition	Mar. 31, 2022 USD ($) acquisition	Mar. 31, 2021 USD ($) acquisition
Business Acquisition [Line Items]
Number of asset purchases | acquisition	50	50	50
Total acquisitions | acquisition	50	50	50
Loans receivable, net	$ 28,322,554	$ 9,631,112	$ 15,210,973
Purchase price amount over (below) carrying value of net tangible assets	(5,190,796)	1,228,872	4,563,279
Customer lists	0	952,872	4,365,779
Non-compete agreements	$ 0	276,000	197,500
Average loan life	12 months
Gain on asset acquisition, net of income tax	$ 3,993,168	0	0
Insurance And Other Income Net
Business Acquisition [Line Items]
Gain on asset acquisition, net of income tax	5,200,000
Income tax related to asset acquisition	1,200,000
Series of Business Acquisitions
Business Acquisition [Line Items]
Purchase price	$ 23,131,758	$ 10,859,984	$ 19,774,252

Fair Value (Details)

Fair Value (Details) - USD ($)	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Average loan life	12 months
Senior unsecured notes payable, net	$ 287,352,892	$ 295,393,991
Senior notes payable	307,910,824	396,972,746
Fair Value, Inputs, Level 1 | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	16,508,935	19,236,322
Fair Value, Inputs, Level 1 | Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	16,508,935	19,236,322
Fair Value, Inputs, Level 2 | Carrying Value | Senior notes payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior unsecured notes payable, net	290,860,000	300,000,000
Fair Value, Inputs, Level 2 | Estimated Fair Value | Senior notes payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior unsecured notes payable, net	218,127,548	264,639,000
Fair Value, Inputs, Level 3 | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, net	887,788,486	985,515,154
Fair Value, Inputs, Level 3 | Carrying Value | Senior notes payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes payable	307,910,824	396,972,746
Fair Value, Inputs, Level 3 | Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, net	887,788,486	985,515,154
Fair Value, Inputs, Level 3 | Estimated Fair Value | Senior notes payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes payable	$ 307,910,824	$ 396,972,746

Quarterly Information (Unaudi_3

Quarterly Information (Unaudited) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Selected Quarterly Financial Information [Abstract]
Total revenues	$ 160,837,000	$ 146,532,000	$ 151,258,000	$ 157,918,000	$ 168,656,000	$ 149,046,000	$ 137,827,000	$ 129,659,000	$ 616,545,364	$ 585,186,753	$ 527,990,406
Provision for credit losses	45,412,000	59,609,000	68,620,000	85,822,000	57,439,000	56,459,000	42,044,000	30,266,000	259,463,199	186,207,341	86,244,714
General and administrative expenses	68,607,000	66,475,000	71,218,000	73,174,000	76,934,000	74,703,000	74,989,000	73,351,000	279,473,798	299,975,305	304,643,429
Interest expense	12,185,000	14,070,000	13,032,000	11,174,000	11,044,000	10,166,000	6,714,000	5,501,000	50,462,594	33,424,788	25,698,836
Income tax expense (benefit)	8,990,000	619,000	(246,000)	(3,449,000)	4,857,000	391,000	1,641,000	4,770,000	5,913,783	11,659,482	23,120,599
Net income	$ 25,643,000	$ 5,759,000	$ (1,366,000)	$ (8,803,000)	$ 18,382,000	$ 7,327,000	$ 12,439,000	$ 15,771,000	$ 21,231,990	$ 53,919,837	$ 88,282,828
Earnings per share:
Basic (in dollars per share)	$ 4.44	$ 1	$ (0.24)	$ (1.53)	$ 3.10	$ 1.20	$ 2.04	$ 2.56	$ 3.69	$ 8.88	$ 13.59
Diluted (in dollars per share)	$ 4.37	$ 0.98	$ (0.24)	$ (1.53)	$ 2.97	$ 1.14	$ 1.94	$ 2.44	$ 3.60	$ 8.47	$ 13.23

Assets Held for Sale (Details)

Assets Held for Sale (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2021 USD ($)	Sep. 30, 2020 USD ($) building
Property, Plant and Equipment [Abstract]
Number of buildings sold		2
Number of buildings		3
Gain (loss) on sale of properties | $	$ 39	$ 37