World Acceptance (WRLD) 10-Q 3 Aug 23 2024 Q1 Quarterly report Financial data

COVER

COVER - shares	3 Months Ended
	Jun. 30, 2023	Jul. 28, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	000-19599
Entity Registrant Name	WORLD ACCEPTANCE CORP
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	57-0425114
Entity Address, Address Line One	104 S Main Street
Entity Address, City or Town	Greenville,
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29601
City Area Code	(864)
Local Phone Number	298-9800
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	WRLD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,242,160
Entity Central Index Key	0000108385
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Mar. 31, 2023
ASSETS
Cash and cash equivalents	$ 15,988,798	$ 16,508,935
Gross loans receivable	1,397,965,921	1,390,015,568
Less:
Unearned interest, insurance and fees	(379,966,515)	(376,674,349)
Allowance for credit losses	(129,342,988)	(125,552,733)
Loans receivable, net	888,656,418	887,788,486
Operating lease right‐of‐use assets, net	79,462,179	81,289,240
Property and equipment, net	23,856,064	23,926,080
Deferred income taxes, net	43,271,950	41,722,361
Other assets, net	41,147,435	43,422,669
Goodwill	7,370,791	7,370,791
Intangible assets, net	14,220,264	15,289,579
Total assets	1,113,973,899	1,117,318,141
Liabilities:
Senior notes payable	299,776,031	307,910,824
Senior unsecured notes payable, net	285,620,007	287,352,892
Income taxes payable	3,812,177	2,532,766
Operating lease liability	81,988,898	83,735,002
Accounts payable and accrued expenses	45,889,309	50,559,920
Total liabilities	717,086,422	732,091,404
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par value Authorized 5,000,000, no shares issued or outstanding	0	0
Common stock, no par value Authorized 95,000,000 shares; issued and outstanding 6,240,497 and 6,231,082 shares at June 30, 2023 and March 31, 2023, respectively	0	0
Additional paid-in capital	290,193,831	288,071,839
Retained earnings	106,693,646	97,154,898
Total shareholders' equity	396,887,477	385,226,737
Total liabilities and shareholders' equity	$ 1,113,973,899	$ 1,117,318,141

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Mar. 31, 2023
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)	6,240,497	6,231,082
Common stock, shares outstanding (in shares)	6,240,497	6,231,082

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Interest and fee income	$ 116,618,914	$ 130,205,390
Insurance and other income, net	22,704,877	27,712,898
Total revenues	139,323,791	157,918,288
Expenses:
Provision for credit losses	46,602,012	85,822,267
General and administrative expenses:
Personnel	41,792,087	45,178,345
Occupancy and equipment	12,619,740	13,234,697
Advertising	2,749,544	2,208,395
Amortization of intangible assets	1,069,316	1,132,104
Other	9,894,517	9,896,854
Total general and administrative expenses	68,125,204	71,650,395
Interest expense	12,242,249	11,174,347
Total expenses	126,969,465	168,647,009
Income (loss) before income taxes	12,354,326	(10,728,721)
Income tax expense (benefit)	2,815,578	(2,162,249)
Net income (loss)	$ 9,538,748	$ (8,566,472)
Net income (loss) per common share:
Basic (in dollars per share)	$ 1.65	$ (1.49)
Diluted (in dollars per share)	$ 1.62	$ (1.49)
Weighted average common shares outstanding:
Basic (in shares)	5,772,733	5,740,835
Diluted (in shares)	5,891,299	5,740,835

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Mar. 31, 2022			6,348,314
Beginning balances at Mar. 31, 2022	$ 373,024,428	$ (1,880,346)		$ 280,907,085	$ 92,117,343	$ (1,880,346)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			4,300
Proceeds from exercise of stock options	403,547			403,547
Common stock repurchases (in shares)			(73,643)
Common stock repurchases	(14,314,088)				(14,314,088)
Restricted common stock expense under stock option plan, net of cancellations (in shares)			1,750
Restricted common stock expense under stock option plan, net of cancellations	3,048,003			3,048,003
Stock option expense	768,055			768,055
Net income (loss)	(8,566,472)				(8,566,472)
Ending balance (in shares) at Jun. 30, 2022			6,280,721
Ending balances at Jun. 30, 2022	$ 352,483,127			285,126,690	67,356,437
Beginning balance (in shares) at Mar. 31, 2023	6,231,082		6,231,082
Beginning balances at Mar. 31, 2023	$ 385,226,737			288,071,839	97,154,898
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Proceeds from exercise of stock options (in shares)			7,540
Proceeds from exercise of stock options	709,294			709,294
Restricted common stock expense under stock option plan, net of cancellations (in shares)			1,875
Restricted common stock expense under stock option plan, net of cancellations	1,099,351			1,099,351
Stock option expense	313,347			313,347
Net income (loss)	$ 9,538,748				9,538,748
Ending balance (in shares) at Jun. 30, 2023	6,240,497		6,240,497
Ending balances at Jun. 30, 2023	$ 396,887,477			$ 290,193,831	$ 106,693,646

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible List]			Accounting Standards Update 2023-02 [Member]
Issuance of restricted common stock under stock option plan	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flow from operating activities:
Net income (loss)	$ 9,538,748	$ (8,566,472)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of intangible assets	1,069,316	1,132,104
Accrued unearned interest	(879,946)	(6,442,480)
Amortization of deferred loan cost	3,198,092	4,404,042
Gain on extinguishment of senior unsecured notes payable	(435,885)	0
Amortization of debt issuance costs	484,571	382,230
Provision for credit losses	46,602,012	85,822,267
Depreciation	1,574,515	1,510,599
Amortization of finance leases	0	102,278
Gain on asset acquisitions, net of income tax	0	(3,144,722)
Gain on sale of property and equipment	(11,753)	(129,476)
Deferred income tax benefit	(1,549,589)	(6,695,391)
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	1,412,698	3,816,058
Change in accounts:
Other assets, net	2,114,620	(8,573,847)
Income taxes payable/ receivable	1,279,411	(323,270)
Accounts payable and accrued expenses	(4,670,611)	(5,116,425)
Net cash provided by operating activities	59,726,199	58,177,495
Cash flows from investing activities:
Increase in loans receivable, net	(49,788,091)	(113,577,559)
Cash paid for acquisitions, primarily loans	0	(19,700,844)
Purchases of property and equipment	(1,658,199)	(1,353,135)
Proceeds from the sale of property and equipment	165,453	283,927
Net cash used in investing activities	(51,280,837)	(134,347,611)
Cash flow from financing activities:
Borrowings from senior notes payable	65,529,224	127,920,704
Payments on senior notes payable	(73,664,017)	(43,500,000)
Payments for extinguished senior unsecured notes payable	(1,535,000)	0
Payments for debt extinguishment costs	(5,000)	0
Debt issuance costs associated with senior notes payable	0	(239,636)
Proceeds from exercise of stock options	709,294	403,547
Repayment of finance lease	0	(34,143)
Repurchase of common stock	0	(14,314,088)
Net cash provided by (used in) financing activities	(8,965,499)	70,236,384
Net change in cash and cash equivalents	(520,137)	(5,933,732)
Cash and cash equivalents at beginning of period	16,508,935	19,236,322
Cash and cash equivalents at end of period	15,988,798	13,302,590
Supplemental Disclosures:
Interest paid during the period	17,301,329	17,698,537
Income taxes paid during the period	$ 2,466,889	$ 4,007,869

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements of the Company at June 30, 2023 and 2022 and for the three months then ended were prepared in accordance with the instructions for Form 10-Q and are unaudited; however, in the opinion of management, all adjustments (consisting only of items of a normal, recurring nature) necessary for a fair presentation of the financial position at June 30, 2023, and the results of operations and cash flows for the periods ended June 30, 2023 and 2022, have been included. The results for the interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amount of revenue and expenses during the reporting period. Actual results could differ from those estimates.

SUMMARY OF SIGNIFICANT POLICIES

SUMMARY OF SIGNIFICANT POLICIES	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT POLICIES	SUMMARY OF SIGNIFICANT POLICIES Nature of Operations The Company is a small-loan consumer finance company headquartered in Greenville, South Carolina that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company offers income tax return preparation services to its loan customers and other individuals. Seasonality The Company's loan volume and corresponding loans receivable follow seasonal trends. The Company's highest loan demand generally occurs from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Loan volume and average balances remain relatively level during the remainder of the year. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results for the Company's third fiscal quarter are generally lower than in other quarters, and operating results for its fourth fiscal quarter are generally higher than in other quarters. Loans receivable, net Loans receivable are carried at the gross amount outstanding, reduced by unearned interest and insurance income, net of deferred origination fees and direct costs, and an allowance for credit losses. Fees received and direct costs incurred for the origination of loans are deferred and amortized to interest income over the contractual lives of the loans using the interest method. Unamortized amounts are recognized in income at the time that loans are refinanced or paid in full except for those refinancings that do not constitute a more than minor modification. Net unamortized deferred origination costs were $5.2 million and $4.9 million as of June 30, 2023 and March 31, 2023, respectively. From time to time, the Company may sell charged off loans receivable, which are accounted for as a sale in accordance with ASC 860, Transfers and Servicing . Allowance for credit losses Refer to Note 4, “Loans Receivable and Allowance for Credit Losses,” for information regarding the Company's CECL allowance model and a description of the methodology it utilizes. Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income (loss) or shareholders' equity, with the exception of the following. As a result of adopting ASU 2023-02, Investments- Equity Method and Joint Venture (Topic 323) , in March 2023 with an effective date of April 1, 2022, previously reported net loss for the three months ended June 30, 2022 and shareholders' equity as of June 30, 2022 were immaterially impacted to conform to the modified retrospective application of this newly adopted ASU. Recently Adopted Accounting Standards 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 . The adoption of ASU 2022-02 on April 1, 2023 expanded our write-off disclosures, but had no other impact on the Company’s Consolidated Financial Statements. Recently Issued Accounting Standards Not Yet Adopted We reviewed all newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the Consolidated Financial Statements as a result of future adoption.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Jun. 30, 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 measured on a recurring or nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Company measures the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value measurements are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are: • Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less active. • Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity’s own assumptions. The Company’s financial instruments consist of cash and cash equivalents, loans receivable, net, senior notes payable, and senior unsecured notes payable. Loans receivable are originated at prevailing market rates and have an average life of approximately less than twelve months. Given the short-term nature of these loans, they are continually repriced at current market rates. The Company’s revolving credit facility has a variable rate based on a margin over 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 considers its creditworthiness in its estimation of fair value. The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. June 30, 2023 March 31, 2023 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 15,988,798 $ 15,988,798 $ 16,508,935 $ 16,508,935 Loans receivable, net 3 888,656,418 888,656,418 887,788,486 887,788,486 LIABILITIES Senior unsecured notes payable 2 288,860,000 252,752,500 290,860,000 218,127,548 Senior notes payable 3 299,776,031 299,776,031 307,910,824 307,910,824 There were no significant assets or liabilities measured at fair value on a non-recurring basis as of June 30, 2023 or March 31, 2023.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES	LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure June 30, 2023 March 31, 2023 0 to 5 months $ 77,832,233 $ 81,803,668 6 to 17 months 115,061,651 133,650,188 18 to 35 months 149,142,504 135,396,187 36 to 59 months 240,921,979 244,414,255 60+ months 813,633,836 792,189,216 Tax advance loans 1,373,718 2,562,054 Total gross loans $ 1,397,965,921 $ 1,390,015,568 Current payment performance is used to assess the capability of the borrower to repay contractual obligations of the loan agreements as scheduled, which is monitored by management on a daily basis. On an as needed basis, qualitative information may be taken into consideration if new information arises related to the customer’s ability to repay the loan. The Company’s payment performance buckets are as follows: current, 30-60 days past due, 61-90 days past due, 91 days or more past due. The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at June 30, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,192,066,728 $ 77,308,971 $ 3,044,992 $ 120,623 $ 33,744 $ 8,848 $ 1,272,583,906 30 - 60 days past due 40,945,038 6,398,969 305,901 21,491 9,068 857 47,681,324 61 - 90 days past due 24,455,047 4,170,062 166,843 34,662 6,921 — 28,833,535 91 or more days past due 38,396,407 8,793,831 285,866 9,021 8,313 — 47,493,438 Total $ 1,295,863,220 $ 96,671,833 $ 3,803,602 $ 185,797 $ 58,046 $ 9,705 $ 1,396,592,203 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 8,436 $ 2,475 $ — $ — $ — $ — $ 10,911 30 - 60 days past due 92,644 406 — — — — 93,050 61 - 90 days past due 150,173 376 — — — — 150,549 91 or more days past due 1,118,587 621 — — — — 1,119,208 Total $ 1,369,840 $ 3,878 $ — $ — $ — $ — $ 1,373,718 Total gross loans $ 1,397,965,921 The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 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 table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at June 30, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,171,894,227 $ 67,248,005 $ 2,360,641 $ 41,757 $ 14,047 $ 3,465 $ 1,241,562,142 30 - 60 days past due 45,623,659 5,538,291 133,436 6,006 — — 51,301,392 61 - 90 days past due 29,268,423 4,820,038 126,494 5,572 — — 34,220,527 91 or more days past due 49,076,912 19,065,498 1,183,032 132,462 43,999 6,239 69,508,142 Total $ 1,295,863,221 $ 96,671,832 $ 3,803,603 $ 185,797 $ 58,046 $ 9,704 $ 1,396,592,203 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ — $ — $ — $ — $ — $ — $ — 30 - 60 days past due 87,950 — — — — — 87,950 61 - 90 days past due 164,821 — — — — — 164,821 91 or more days past due 1,117,069 3,878 — — — — 1,120,947 Total $ 1,369,840 $ 3,878 $ — $ — $ — $ — $ 1,373,718 Total gross loans $ 1,397,965,921 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: 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 table provides a breakdown of the Company’s gross charge-offs by year of origination at June 30, 2023: Gross Charge-offs by Origination Origination by Calendar Year Loans Tax advance loans Total 2018 and prior $ 5,007 $ — $ 5,007 2019 12,727 — 12,727 2020 104,287 — 104,287 2021 2,943,366 — 2,943,366 2022 47,396,816 4,627 47,401,443 2023 253,212 3,000 256,212 Total $ 50,715,415 $ 7,627 $ 50,723,042 The following table provides a breakdown of the Company’s gross charge-offs by year of origination at June 30, 2022: Gross Charge-offs by Origination Origination by Calendar Year Loans Tax advance loans Total 2017 and prior $ 5,663 $ — $ 5,663 2018 13,855 — 13,855 2019 138,663 — 138,663 2020 1,509,992 — 1,509,992 2021 65,867,200 14,163 65,881,363 2022 1,649,742 67,104 1,716,846 Total $ 69,185,115 $ 81,267 $ 69,266,382 The allowance for credit losses is applied to amortized cost, which is defined as the amount at which a financing receivable is originated, and net of deferred fees and costs, collection of cash, and charge-offs. Amortized cost also includes interest earned but not collected. Credit Risk is inherent in the business of extending loans to borrowers and is continuously monitored by management and reflected within the allowance for credit losses for loans. The allowance for credit losses is an estimate of expected losses inherent within the Company’s gross loans receivable portfolio. In estimating the allowance for credit losses, loans with similar risk characteristics are aggregated into pools and collectively assessed. The Company’s loan products have generally the same terms therefore the Company looked to borrower characteristics as a way to disaggregate loans into pools sharing similar risks. In determining the allowance for credit losses, the Company examined four borrower risk metrics as noted below. 1. Borrower type 2. Active months 3. Prior loan performance 4. Customer Tenure To determine how well each metric predicts default risk the Company uses loss rate data over an observation period of twelve months at the loan level. The information value was then calculated for each metric. From this analysis management determined the metric that had the strongest predictor of default risk was Customer Tenure. The Customer Tenure buckets used in the allowance for credit loss calculation are: 1. 0 to 5 months 2. 6 to 17 months 3. 18 to 35 months 4. 36 to 59 months 5. 60+ months Management will continue to monitor this credit metric on a quarterly basis. Management estimates an allowance for each Customer Tenure bucket by performing a historical migration analysis of loans in that bucket for the twelve most recent historical twelve-month migration periods. 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 underwriting guidance. As a result, management also considers whether a change in our new borrower underwriting might suggest a change is needed to the allowance for credit losses. If a change is determined necessary, then the Company has elected to immediately revert back to historical experience past the forecast period. Due to the short term nature of the loan portfolio, forecasted changes in macroeconomic variables such as unemployment do not have a significant impact on loans outstanding at the end of a particular reporting period. Therefore, management develops a reasonable and supportable forecast of losses by comparing the most recent six-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 management determines that historical migration rates should be adjusted to reflect expected credit losses, a qualitative adjustment is made to reflect management's judgment regarding observable changes in recent or expected economic trends and conditions, portfolio composition, or other significant events or conditions that affect the current estimate. The following table presents a roll forward of the allowance for credit losses for the three months ended June 30, 2023 and 2022: Three months ended June 30, 2023 2022 Beginning balance $ 125,552,733 $ 134,242,862 Provision for credit losses 46,602,012 85,822,267 Charge-offs (50,723,042) (69,266,382) Recoveries 1 7,911,285 4,851,932 Net charge-offs (42,811,757) (64,414,450) Ending Balance $ 129,342,988 $ 155,650,679 The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at June 30, 2023: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 61,192,949 $ 5,159,304 $ 3,946,507 $ 7,533,473 $ 16,639,284 $ 77,832,233 6 to 17 months 97,270,965 6,044,736 4,167,086 7,578,864 17,790,686 115,061,651 18 to 35 months 133,608,163 6,116,113 3,508,885 5,909,343 15,534,341 149,142,504 36 to 59 months 219,635,566 8,468,545 4,959,167 7,858,701 21,286,413 240,921,979 60+ months 760,876,263 21,892,627 12,251,890 18,613,056 52,757,573 813,633,836 Tax advance loans 10,912 93,049 150,549 1,119,208 1,362,806 1,373,718 Total gross loans 1,272,594,818 47,774,374 28,984,084 48,612,645 125,371,103 1,397,965,921 Unearned interest, insurance and fees (345,890,705) (12,985,054) (7,877,861) (13,212,895) (34,075,810) (379,966,515) Total net loans $ 926,704,113 $ 34,789,320 $ 21,106,223 $ 35,399,750 $ 91,295,293 $ 1,017,999,406 Percentage of period-end gross loans receivable 3.4% 2.1% 3.5% 9.0% 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 $ 64,615,314 $ 5,451,276 $ 4,407,751 $ 7,329,327 $ 17,188,354 $ 81,803,668 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 120,125,821 5,336,994 3,727,331 6,206,041 15,270,366 135,396,187 36 to 59 months 223,734,062 8,070,011 4,839,000 7,771,182 20,680,193 244,414,255 60+ months 742,335,503 20,311,125 11,395,713 18,146,875 49,853,713 792,189,216 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 contractual basis at amortized cost of the Company’s gross loans receivable at June 30, 2023: Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 59,258,540 $ 5,113,469 $ 4,075,349 $ 9,384,875 $ 18,573,693 $ 77,832,233 6 to 17 months 93,865,123 6,127,267 4,571,045 10,498,216 21,196,528 115,061,651 18 to 35 months 129,848,141 6,471,807 4,158,292 8,664,264 19,294,363 149,142,504 36 to 59 months 214,011,449 9,223,244 5,966,254 11,721,032 26,910,530 240,921,979 60+ months 744,578,889 24,365,605 15,449,587 29,239,755 69,054,947 813,633,836 Tax advance loans — 87,950 164,821 1,120,947 1,373,718 1,373,718 Total gross loans 1,241,562,142 51,389,342 34,385,348 70,629,089 156,403,779 1,397,965,921 Unearned interest, insurance and fees (337,456,038) (13,967,600) (9,345,922) (19,196,955) (42,510,477) (379,966,515) Total net loans $ 904,106,104 $ 37,421,742 $ 25,039,426 $ 51,432,134 $ 113,893,302 $ 1,017,999,406 Percentage of period-end gross loans receivable 3.7% 2.5% 5.1% 11.3 % The following table is an aging analysis on a contractual basis at amortized cost of the Company’s gross loans receivable at March 31, 2023: Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 61,850,142 $ 5,320,659 $ 4,864,498 $ 9,768,369 $ 19,953,526 $ 81,803,668 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 115,711,782 5,721,694 4,499,010 9,463,701 19,684,405 135,396,187 36 to 59 months 217,821,239 8,991,995 6,078,488 11,522,533 26,593,016 244,414,255 60+ months 724,437,230 24,165,437 15,039,164 28,547,385 67,751,986 792,189,216 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 Company elected not to record an allowance for credit losses for accrued interest as outlined in ASC 326-20-30-5A. Loans are placed on nonaccrual status when management determines that the full payment of principal and collection of interest according to contractual terms is no longer likely. The accrual of interest is discontinued when a loan is 61 days or more past the contractual due date. When the interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. While a loan is on nonaccrual status, interest revenue is recognized only when a payment is received. Once a loan moves to nonaccrual status, it remains in nonaccrual status until it is paid out, charged off or refinanced. During the three months ended June 30, 2023 and June 30, 2022, the Company reversed a total of $6.3 million and $9.0 million, respectively, of unpaid accrued interest against interest income. The following table presents the amortized cost basis of loans on nonaccrual status as of the beginning of the reporting period and the end of the reporting period, as well as interest income recognized on nonaccrual loans for the three months ended June 30, 2023 and 2022: Nonaccrual Loans Receivable Customer Tenure As of June 30, 2023 As of March 31, 2023 Interest Income Recognized for the three months ended June 30, 2023 Interest Income Recognized for the three months ended June 30, 2022 0 to 5 months $ 14,146,363 $ 15,781,494 $ 326,773 $ 503,963 6 to 17 months 15,831,823 18,288,714 476,870 378,450 18 to 35 months 13,705,732 15,551,806 464,668 628,781 36 to 59 months 18,983,213 19,745,397 609,507 503,362 60+ months 48,292,974 49,285,814 1,737,871 1,658,281 Tax advance loans 1,299,860 19,603 — — Unearned interest, insurance and fees (30,512,209) (32,158,640) — — Total $ 81,747,756 $ 86,514,188 $ 3,615,689 $ 3,672,837 As of June 30, 2023 and March 31, 2023, there were no loans receivable 61 days or more past due, not on nonaccrual status, and no loans receivable on nonaccrual status with no related allowance for credit losses.

LEASES

LEASES	3 Months Ended
	Jun. 30, 2023
Leases [Abstract]
LEASES	LEASESAccounting Policies and Matters Requiring Management's Judgment The Company uses its effective annual interest rate, adjusted for certain assumptions, as the discount rate when evaluating leases under Topic 842. Management applies the adjusted effective annual interest rate to leases entered for the entirety of the subsequent year. Based on its historical practice, the Company believes it is reasonably certain to exercise a given option associated with a given office space lease. Therefore, the Company classifies all lease options for office space as “reasonably certain” unless it has specific knowledge to the contrary for a given lease. The Company generally 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 have amortized over the useful life of the asset, rather than over the lease term. As of June 30, 2023, the Company had no finance leases. The following table reports information about the Company's lease cost for the three months ended June 30, 2023 and 2022: Three months ended June 30, 2023 2022 Lease Cost Finance lease cost $ — $ 103,302 Amortization of right-of-use assets — 102,278 Interest on lease liabilities — 1,024 Operating lease cost $ 6,141,171 $ 6,662,311 Variable lease cost $ 1,030,675 $ 931,084 Total lease cost $ 7,171,846 $ 7,696,697 The following table reports other information about the Company's leases for the three months ended June 30, 2023 and 2022: Three months ended June 30, 2023 2022 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,324,218 $ 6,724,592 Operating cash flows from finance leases — 1,024 Operating cash flows from operating leases 6,324,218 6,689,425 Financing cash flows from finance leases — 34,143 Right-of-use assets obtained in exchange for new operating lease liabilities $ 3,046,251 $ 5,352,690 Weighted-average remaining lease term — finance leases — 0.4 years Weighted average remaining lease term — operating leases 7.1 years 7.2 years Weighted-average discount rate — finance leases — % 6.0 % Weighted-average discount rate — operating leases 6.1 % 6.1 % The aggregate annual lease obligations as of June 30, 2023 are as follows: Operating Leases Remainder of 2024 $ 17,407,197 2025 19,180,075 2026 15,695,818 2027 11,797,164 2028 9,231,916 Thereafter 28,762,038 Total undiscounted lease liability $ 102,074,208 Imputed interest 20,085,310 Total discounted lease liability $ 81,988,898 The Company had no leases with related parties at June 30, 2023 or March 31, 2023.

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION	3 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
AVERAGE SHARE INFORMATION	AVERAGE SHARE INFORMATION The following is a summary of the basic and diluted average common shares outstanding: Three months ended June 30, 2023 2022 Basic: Weighted average common shares outstanding (denominator) 5,772,733 5,740,835 Diluted: Weighted average common shares outstanding 5,772,733 5,740,835 Dilutive potential common shares 2 118,566 — Weighted average diluted shares outstanding (denominator) 5,891,299 5,740,835

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Incentive Plans The Company maintains a 2008 Stock Option Plan, a 2011 Stock Option Plan and a 2017 Stock Incentive Plan for the benefit of certain non-employee directors, officers, and key employees. Under these plans, a total of 3,350,000 shares of 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 term of 10 years, may be subject to certain vesting requirements, which are generally three Stock-based compensation is recognized as provided under FASB ASC Topic 718-10 and FASB ASC Topic 505-50. FASB ASC Topic 718-10 requires all share-based payments to employees, including grants of employee stock options, to be recognized as compensation expense over the requisite service period (generally the vesting period) in the Consolidated Financial Statements based on their grant date fair values. The Company has applied the Black-Scholes valuation model in determining the grant date fair value of the stock option awards. Compensation expense is recognized only for those options expected to vest. Long-term Incentive Program and Non-Employee Director Awards On October 15, 2018, the Compensation Committee and Board approved and adopted a long-term incentive program that seeks to motivate and reward certain employees and to align management’s interest with shareholders’ interest by focusing executives on the achievement of long-term results. The program is comprised of four components: Service Options, Performance Options, Restricted Stock, and Performance Shares. Pursuant to this program, in fiscal 2019, the Compensation Committee approved certain grants of Service Options, Performance Options, Restricted Stock and Performance Shares under the World Acceptance Corporation 2011 Stock Option Plan and the World Acceptance Corporation 2017 Stock Incentive Plan to certain employee directors, vice presidents of operations, vice presidents, senior vice presidents, and executive officers. Separately, the Compensation Committee approved certain grants of Service Options and Restricted Stock to certain of the Company’s non-employee directors. Under the long-term incentive program, up to 100% of the shares of restricted stock subject to the Performance Shares will 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, 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 typically 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 typically vest in three equal annual installments, beginning on the first anniversary of the grant date, subject to each respective employee’s continued employment at the Company through each applicable vesting date or otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Service Options have a 10-year term. The Performance Options will fully vest if the Company attains the trailing earnings per share target over four consecutive calendar quarters occurring between September 30, 2018 and March 31, 2025 described below. Such performance target was established by the Compensation Committee and will be measured at the end of each calendar quarter commencing on September 30, 2019. The Performance Options are eligible to vest over the Option Measurement Period, subject to each respective employee’s continued employment at the Company through the last day of the Option Measurement Period or as otherwise provided under the terms of the applicable award agreement or applicable employment agreement. The option price is equal to the fair market value of the common stock on the grant date and the Performance Options have a 10-year term. The Performance Option performance target is set forth below. Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100% Stock Options There were no options issued during the three months ended June 30, 2023. The weighted-average fair value at the grant date for options issued during the three months ended June 30, 2022 was $80.87. Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended June 30, 2023 2022 Dividend yield —% —% Expected volatility —% 55.96% Average risk-free rate —% 2.94% Expected life — 5.9 years The expected stock price volatility is based on the historical volatility of the Company's common stock for a period approximating the expected life. The expected life represents the period of time that options are expected to be outstanding after the grant date. The risk-free rate reflects the interest rate at grant date on zero coupon U.S. governmental bonds having a remaining life similar to the expected option term. Option activity for the three months ended June 30, 2023 was as follows: Shares Weighted Average Exercise Weighted Average Aggregate Intrinsic Value Options outstanding, beginning of period 314,742 $ 104.41 Granted during period — — Exercised during period (7,540) 94.07 Forfeited during period (6,018) 120.31 Expired during period — — Options outstanding, end of period 301,184 3 $ 104.35 5.6 years $ 9,920,060 Options exercisable, end of period 107,217 $ 100.66 4.8 years $ 3,943,955 The aggregate intrinsic value reflected in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price on June 30, 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 June 30, 2023. This amount will change as the market price of the common stock changes. The total intrinsic value of options exercised during the periods ended June 30, 2023 and 2022 was as follows: June 30, June 30, Three months ended $ 215,135 $ 430,466 As of June 30, 2023, total unrecognized stock-based compensation expense related to non-vested stock options amounted to approximately $2.4 million, which is expected to be recognized over a weighted-average period of approximately 1.6 years. Restricted Stock During the first three months of fiscal 2024, the Company granted 1,875 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 $103.78 per share. During fiscal 2023, the Company granted 3,250 shares of restricted stock (which are equity classified) to certain vice presidents with a grant date weighted average fair value of $129.85 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 $1.1 million and $3.0 million for the three months ended June 30, 2023 and 2022, respectively, which is included as a component of general and administrative expenses in the Company’s Consolidated Statements of Operations. As of June 30, 2023, there was approximately $3.5 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 June 30, 2023, and changes during the three months ended June 30, 2023, are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2023 460,614 $ 101.82 Granted during the period 1,875 103.78 Vested during the period — — Forfeited during the period — — Outstanding at June 30, 2023 462,489 $ 101.83 Total Stock-Based Compensation Total stock-based compensation included as a component of net income (loss) during the three month periods ended June 30, 2023 and 2022 was as follows: Three months ended June 30, 2023 2022 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 313,347 $ 768,055 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 1,099,351 3,048,003 Total stock-based compensation related to equity classified awards $ 1,412,698 $ 3,816,058

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONSThe Company evaluates each set of assets and activities it acquires to determine if the set meets the definition of a business according to FASB ASC Topic 805-10-55. Acquisitions meeting the definition of a business are accounted for as a business combination while all other acquisitions are accounted for as asset purchases. The following table sets forth the Company's acquisition activity for the three months ended June 30, 2023 and 2022. Three months ended June 30, 2023 2022 Acquisitions: Number of loan portfolios acquired through asset purchases — 35 Total acquisitions — 35 Purchase price $ — $ 19,700,844 Tangible assets: Loans receivable, net — 23,547,972 Purchase price amount below carrying value of net tangible assets 4 $ — $ (3,847,128) Non-compete agreements $ — $ 215,000 Acquisitions that are accounted for as business combinations typically result in one or more new branches. In such cases, the Company typically retains the existing employees and the branch location from the acquisition. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. The remainder is allocated to goodwill. Acquisitions that are accounted for as asset purchases are typically limited to acquisitions of loan portfolios. The purchase price is allocated to the tangible assets and intangible assets acquired based upon their estimated fair market values at the acquisition date. In an asset purchase, no goodwill is recorded. The Company’s acquisitions include tangible assets (generally loans and furniture and equipment) and intangible assets (generally non-compete agreements, customer lists, and goodwill), both of which are recorded at their fair values, which are estimated pursuant to the processes described below. Acquired loans are valued at the net loan balance. Given the short-term nature of these loans, generally less than 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 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 three months ended June 30, 2023 and 2022. Furniture and equipment are valued at the specific purchase price as agreed to by both parties at the time of acquisition, which management believes approximates their fair values. Non-compete agreements are valued at the stated amount paid to the other party for these agreements, which the Company believes approximates their fair values. Customer lists are valued with a valuation model that utilizes the Company’s historical data to estimate the value of any acquired customer lists. Customer lists are allocated at a branch level and are evaluated for impairment at a branch level when a triggering event occurs in accordance with FASB ASC Topic 360-10-05. If a triggering event occurs, the impairment loss to the customer list is generally the remaining unamortized customer list balance. In most acquisitions, the original fair value of the customer list allocated to a branch is less than $100,000, and management believes that in the event a triggering event were to occur, the impairment loss to an unamortized customer list would be immaterial.

DEBT

DEBT	3 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT Senior Notes Payable; Revolving Credit Facility At June 30, 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 June 30, 2023, $299.8 million was outstanding under the Company's credit facility, not including a $524.0 thousand outstanding standby letter of credit related to workers compensation under a $1.5 million sub-facility. To the extent that the letter of credit is drawn upon, the disbursement will be funded by the credit facility. There are no amounts due related to the letter of credit as of June 30, 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 .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 $0.5 million and $0.3 million for the three months ended June 30, 2023 and 2022, respectively. For the three months ended June 30, 2023 and fiscal year ended March 31, 2023, the Company’s effective interest rate, including the commitment fee and amortization of debt issuance costs, was 9.6% annualized and 7.0%, respectively. At June 30, 2023, the unused amount available under the revolving credit facility was $366.3 million and borrowings under the revolving credit facility mature on June 7, 2024. Substantially all of the Company’s assets are pledged as collateral for borrowings under the revolving credit agreement. Senior Unsecured Notes Payable On September 27, 2021, we issued $300 million in aggregate principal amount of 7.0% senior notes due 2026. The Notes 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 $9.1 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. During the first three months of fiscal 2024. the Company repurchased and extinguished $2.0 million of its Notes, net of $24.1 thousand unamortized debt issuance costs related to the extinguished debt, on the open market for a reacquisition price of $1.54 million. In accordance with ASC 470, the Company recognized the $0.4 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 generally restrict the ability of the Company and its subsidiaries to, among other things, incur or guarantee indebtedness, incur liens, pay dividends and repurchase or redeem capital stock, dispose of assets, engage in mergers and consolidations, make acquisitions or other investments, redeem or prepay subordinated debt, amend subordinated debt documents, make changes in the nature of its business, and engage in transactions with affiliates. The agreement 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, and 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 June 30, 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 receivable 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 The aggregate annual maturities of the Company's debt arrangements as of June 30, 2023 are as follows: Amount Remainder of 2024 $ — 2025 299,776,031 2026 — 2027 288,860,000 2028 — Total future debt payments $ 588,636,031

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXESAs of June 30, 2023 and March 31, 2023, the Company had $1.2 million and $1.1 million, respectively, of total gross unrecognized tax benefits including interest. Approximately $0.9 million and $0.9 million, respectively, represent the amount of net unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. At June 30, 2023, approximately $0.5 million of gross unrecognized tax benefits are expected to be resolved during the next twelve months through the expiration of the statute of limitations and settlement with taxing authorities. The Company’s continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. The Company had approximately $313.1 thousand accrued for gross interest as of June 30, 2023, and accrued $20.2 thousand during the three months ended June 30, 2023. Investment in HTC was $21.7 million and $23.0 million as of June 30, 2023 and March 31, 2023, respectively, which is included as a component of Other assets, net in the Consolidated Balance Sheets. For the three months ended June 30, 2023 and 2022, the Company recognized net amortization from these investments of $1.3 million and $0.9 million, respectively, in income tax expense. For the three months ended June 30, 2023 and 2022, the Company recognized tax benefits from these investments of $1.5 million and $0.5 million, respectively, in income tax expense and 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 in the investments during the current period. The Company is subject to U.S. income taxes, as well as taxes in 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. The Company’s effective income tax rate totaled 22.8% for the quarter ended June 30, 2023 compared to 20.2% for the prior year quarter. The increase is primarily due to the tax benefit related to the bargain purchase recorded as a discrete item in the prior year quarter. This was partially offset by the effects of pretax book earnings relative to the effects of various permanent items including a decrease in the disallowed executive compensation under Section 162(m) and the recognition of additional HTCs when compared to the prior year quarter.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 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 alleged 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 sought 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 was derivative in nature, it did not seek monetary damages from the Company. On July 6, 2023, the Court issued a Final Order and Judgment approving the April 19, 2023 Stipulation and Agreement of Settlement dated March 31, 2023, by and among: the plaintiff, derivatively on behalf of the Company; (ii) the individual defendants; and (iii) the Company. The Final Order and Judgment resulted 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. Estimating an amount or range of possible losses resulting from litigation, government actions and other legal proceedings is inherently difficult and requires an extensive degree of judgment, particularly where the matters involve indeterminate claims for monetary damages, may involve fines, penalties or damages that are discretionary in amount, involve a large number of claimants or significant discretion by regulatory authorities, represent a change in regulatory policy or interpretation, present novel legal theories, are in the early stages of the proceedings, are subject to appeal or could result in a change in business practices. In addition, because most legal proceedings are resolved over extended periods of time, potential losses are subject to change due to, among other things, new developments, changes in legal strategy, the outcome of intermediate procedural and substantive rulings and other parties’ settlement posture and their evaluation of the strength or weakness of their case against us. However, in light of the inherent uncertainties involved, an adverse outcome in one or more of these matters could materially and adversely affect the Company’s financial condition, results of operations or cash flows in any particular reporting period.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On July 18, 2023, the Company amended its revolving credit agreement ("Tenth Amendment") to, among other things, (i) reduce the total commitments under the facility from $685 million to $580 million; (ii) increase the amount available under the accordion feature from $100 million to $150 million (for a total commitment, if the full accordion is borrowed, of $730 million); (iii) extend the maturity from June 7, 2024 to June 7, 2026; (iv) change the ratio of Net Income Available for Fixed Charges to Fixed Charges from not less than 2.75 to 1.0 to not less than 2.25 to 1.0 starting with the fiscal quarter ending March 31, 2024; and (v) replace certain lenders and amend the commitment levels of certain lenders. Management is not aware of any other significant events occurring subsequent to the balance sheet date that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income (loss)	$ 9,538,748	$ (8,566,472)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT POLICI_2

SUMMARY OF SIGNIFICANT POLICIES (Policies)	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Company is a small-loan consumer finance company headquartered in Greenville, South Carolina that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company offers income tax return preparation services to its loan customers and other individuals.
Seasonality	Seasonality The Company's loan volume and corresponding loans receivable follow seasonal trends. The Company's highest loan demand generally occurs from October through December, its third fiscal quarter. Loan demand is generally lowest and loan repayment highest from January to March, its fourth fiscal quarter. Loan volume and average balances remain relatively level during the remainder of the year. Consequently, the Company experiences significant seasonal fluctuations in its operating results and cash needs. Operating results for the Company's third fiscal quarter are generally lower than in other quarters, and operating results for its fourth fiscal quarter are generally higher than in other quarters.
Loans receivable, net	Loans receivable, net Loans receivable are carried at the gross amount outstanding, reduced by unearned interest and insurance income, net of deferred origination fees and direct costs, and an allowance for credit losses. Fees received and direct costs incurred for the origination of loans are deferred and amortized to interest income over the contractual lives of the loans using the interest method. Unamortized amounts are recognized in income at the time that loans are refinanced or paid in full except for those refinancings that do not constitute a more than minor modification. Net unamortized deferred origination costs were $5.2 million and $4.9 million as of June 30, 2023 and March 31, 2023, respectively. From time to time, the Company may sell charged off loans receivable, which are accounted for as a sale in accordance with ASC 860, Transfers and Servicing .
Allowance for credit losses	Allowance for credit losses Refer to Note 4, “Loans Receivable and Allowance for Credit Losses,” for information regarding the Company's CECL allowance model and a description of the methodology it utilizes.
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income (loss) or shareholders' equity, with the exception of the following. As a result of adopting ASU 2023-02, Investments- Equity Method and Joint Venture (Topic 323)
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards 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 . The adoption of ASU 2022-02 on April 1, 2023 expanded our write-off disclosures, but had no other impact on the Company’s Consolidated Financial Statements. Recently Issued Accounting Standards Not Yet Adopted We reviewed all newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on the Consolidated Financial Statements as a result of future adoption.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below. June 30, 2023 March 31, 2023 Input Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value ASSETS Cash and cash equivalents 1 $ 15,988,798 $ 15,988,798 $ 16,508,935 $ 16,508,935 Loans receivable, net 3 888,656,418 888,656,418 887,788,486 887,788,486 LIABILITIES Senior unsecured notes payable 2 288,860,000 252,752,500 290,860,000 218,127,548 Senior notes payable 3 299,776,031 299,776,031 307,910,824 307,910,824

LOANS RECEIVABLE AND ALLOWANC_2

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following is a summary of gross loans receivable by Customer Tenure as of: Customer Tenure June 30, 2023 March 31, 2023 0 to 5 months $ 77,832,233 $ 81,803,668 6 to 17 months 115,061,651 133,650,188 18 to 35 months 149,142,504 135,396,187 36 to 59 months 240,921,979 244,414,255 60+ months 813,633,836 792,189,216 Tax advance loans 1,373,718 2,562,054 Total gross loans $ 1,397,965,921 $ 1,390,015,568
Assessment of the Credit Quality	The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at June 30, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,192,066,728 $ 77,308,971 $ 3,044,992 $ 120,623 $ 33,744 $ 8,848 $ 1,272,583,906 30 - 60 days past due 40,945,038 6,398,969 305,901 21,491 9,068 857 47,681,324 61 - 90 days past due 24,455,047 4,170,062 166,843 34,662 6,921 — 28,833,535 91 or more days past due 38,396,407 8,793,831 285,866 9,021 8,313 — 47,493,438 Total $ 1,295,863,220 $ 96,671,833 $ 3,803,602 $ 185,797 $ 58,046 $ 9,705 $ 1,396,592,203 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ 8,436 $ 2,475 $ — $ — $ — $ — $ 10,911 30 - 60 days past due 92,644 406 — — — — 93,050 61 - 90 days past due 150,173 376 — — — — 150,549 91 or more days past due 1,118,587 621 — — — — 1,119,208 Total $ 1,369,840 $ 3,878 $ — $ — $ — $ — $ 1,373,718 Total gross loans $ 1,397,965,921 The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 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 table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at June 30, 2023: Term Loans By Origination Loans Up to Between Between Between Between More than Total Current $ 1,171,894,227 $ 67,248,005 $ 2,360,641 $ 41,757 $ 14,047 $ 3,465 $ 1,241,562,142 30 - 60 days past due 45,623,659 5,538,291 133,436 6,006 — — 51,301,392 61 - 90 days past due 29,268,423 4,820,038 126,494 5,572 — — 34,220,527 91 or more days past due 49,076,912 19,065,498 1,183,032 132,462 43,999 6,239 69,508,142 Total $ 1,295,863,221 $ 96,671,832 $ 3,803,603 $ 185,797 $ 58,046 $ 9,704 $ 1,396,592,203 Term Loans By Origination Tax advance loans Up to Between Between Between Between More than Total Current $ — $ — $ — $ — $ — $ — $ — 30 - 60 days past due 87,950 — — — — — 87,950 61 - 90 days past due 164,821 — — — — — 164,821 91 or more days past due 1,117,069 3,878 — — — — 1,120,947 Total $ 1,369,840 $ 3,878 $ — $ — $ — $ — $ 1,373,718 Total gross loans $ 1,397,965,921 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: 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 table provides a breakdown of the Company’s gross charge-offs by year of origination at June 30, 2023: Gross Charge-offs by Origination Origination by Calendar Year Loans Tax advance loans Total 2018 and prior $ 5,007 $ — $ 5,007 2019 12,727 — 12,727 2020 104,287 — 104,287 2021 2,943,366 — 2,943,366 2022 47,396,816 4,627 47,401,443 2023 253,212 3,000 256,212 Total $ 50,715,415 $ 7,627 $ 50,723,042 The following table provides a breakdown of the Company’s gross charge-offs by year of origination at June 30, 2022: Gross Charge-offs by Origination Origination by Calendar Year Loans Tax advance loans Total 2017 and prior $ 5,663 $ — $ 5,663 2018 13,855 — 13,855 2019 138,663 — 138,663 2020 1,509,992 — 1,509,992 2021 65,867,200 14,163 65,881,363 2022 1,649,742 67,104 1,716,846 Total $ 69,185,115 $ 81,267 $ 69,266,382
Summary of Changes in the Allowance For Loan Losses	The following table presents a roll forward of the allowance for credit losses for the three months ended June 30, 2023 and 2022: Three months ended June 30, 2023 2022 Beginning balance $ 125,552,733 $ 134,242,862 Provision for credit losses 46,602,012 85,822,267 Charge-offs (50,723,042) (69,266,382) Recoveries 1 7,911,285 4,851,932 Net charge-offs (42,811,757) (64,414,450) Ending Balance $ 129,342,988 $ 155,650,679
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 June 30, 2023: Days Past Due - Recency Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 61,192,949 $ 5,159,304 $ 3,946,507 $ 7,533,473 $ 16,639,284 $ 77,832,233 6 to 17 months 97,270,965 6,044,736 4,167,086 7,578,864 17,790,686 115,061,651 18 to 35 months 133,608,163 6,116,113 3,508,885 5,909,343 15,534,341 149,142,504 36 to 59 months 219,635,566 8,468,545 4,959,167 7,858,701 21,286,413 240,921,979 60+ months 760,876,263 21,892,627 12,251,890 18,613,056 52,757,573 813,633,836 Tax advance loans 10,912 93,049 150,549 1,119,208 1,362,806 1,373,718 Total gross loans 1,272,594,818 47,774,374 28,984,084 48,612,645 125,371,103 1,397,965,921 Unearned interest, insurance and fees (345,890,705) (12,985,054) (7,877,861) (13,212,895) (34,075,810) (379,966,515) Total net loans $ 926,704,113 $ 34,789,320 $ 21,106,223 $ 35,399,750 $ 91,295,293 $ 1,017,999,406 Percentage of period-end gross loans receivable 3.4% 2.1% 3.5% 9.0% 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 $ 64,615,314 $ 5,451,276 $ 4,407,751 $ 7,329,327 $ 17,188,354 $ 81,803,668 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 120,125,821 5,336,994 3,727,331 6,206,041 15,270,366 135,396,187 36 to 59 months 223,734,062 8,070,011 4,839,000 7,771,182 20,680,193 244,414,255 60+ months 742,335,503 20,311,125 11,395,713 18,146,875 49,853,713 792,189,216 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 contractual basis at amortized cost of the Company’s gross loans receivable at June 30, 2023: Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 59,258,540 $ 5,113,469 $ 4,075,349 $ 9,384,875 $ 18,573,693 $ 77,832,233 6 to 17 months 93,865,123 6,127,267 4,571,045 10,498,216 21,196,528 115,061,651 18 to 35 months 129,848,141 6,471,807 4,158,292 8,664,264 19,294,363 149,142,504 36 to 59 months 214,011,449 9,223,244 5,966,254 11,721,032 26,910,530 240,921,979 60+ months 744,578,889 24,365,605 15,449,587 29,239,755 69,054,947 813,633,836 Tax advance loans — 87,950 164,821 1,120,947 1,373,718 1,373,718 Total gross loans 1,241,562,142 51,389,342 34,385,348 70,629,089 156,403,779 1,397,965,921 Unearned interest, insurance and fees (337,456,038) (13,967,600) (9,345,922) (19,196,955) (42,510,477) (379,966,515) Total net loans $ 904,106,104 $ 37,421,742 $ 25,039,426 $ 51,432,134 $ 113,893,302 $ 1,017,999,406 Percentage of period-end gross loans receivable 3.7% 2.5% 5.1% 11.3 % The following table is an aging analysis on a contractual basis at amortized cost of the Company’s gross loans receivable at March 31, 2023: Days Past Due - Contractual Basis Customer Tenure Current 30 - 60 61 - 90 Over 90 Total Past Due Total Loans 0 to 5 months $ 61,850,142 $ 5,320,659 $ 4,864,498 $ 9,768,369 $ 19,953,526 $ 81,803,668 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 115,711,782 5,721,694 4,499,010 9,463,701 19,684,405 135,396,187 36 to 59 months 217,821,239 8,991,995 6,078,488 11,522,533 26,593,016 244,414,255 60+ months 724,437,230 24,165,437 15,039,164 28,547,385 67,751,986 792,189,216 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 %
Financing Receivable, Nonaccrual	The following table presents the amortized cost basis of loans on nonaccrual status as of the beginning of the reporting period and the end of the reporting period, as well as interest income recognized on nonaccrual loans for the three months ended June 30, 2023 and 2022: Nonaccrual Loans Receivable Customer Tenure As of June 30, 2023 As of March 31, 2023 Interest Income Recognized for the three months ended June 30, 2023 Interest Income Recognized for the three months ended June 30, 2022 0 to 5 months $ 14,146,363 $ 15,781,494 $ 326,773 $ 503,963 6 to 17 months 15,831,823 18,288,714 476,870 378,450 18 to 35 months 13,705,732 15,551,806 464,668 628,781 36 to 59 months 18,983,213 19,745,397 609,507 503,362 60+ months 48,292,974 49,285,814 1,737,871 1,658,281 Tax advance loans 1,299,860 19,603 — — Unearned interest, insurance and fees (30,512,209) (32,158,640) — — Total $ 81,747,756 $ 86,514,188 $ 3,615,689 $ 3,672,837

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Lease, Cost	The following table reports information about the Company's lease cost for the three months ended June 30, 2023 and 2022: Three months ended June 30, 2023 2022 Lease Cost Finance lease cost $ — $ 103,302 Amortization of right-of-use assets — 102,278 Interest on lease liabilities — 1,024 Operating lease cost $ 6,141,171 $ 6,662,311 Variable lease cost $ 1,030,675 $ 931,084 Total lease cost $ 7,171,846 $ 7,696,697 The following table reports other information about the Company's leases for the three months ended June 30, 2023 and 2022: Three months ended June 30, 2023 2022 Other Lease Information Cash paid for amounts included in the measurement of lease liabilities $ 6,324,218 $ 6,724,592 Operating cash flows from finance leases — 1,024 Operating cash flows from operating leases 6,324,218 6,689,425 Financing cash flows from finance leases — 34,143 Right-of-use assets obtained in exchange for new operating lease liabilities $ 3,046,251 $ 5,352,690 Weighted-average remaining lease term — finance leases — 0.4 years Weighted average remaining lease term — operating leases 7.1 years 7.2 years Weighted-average discount rate — finance leases — % 6.0 % Weighted-average discount rate — operating leases 6.1 % 6.1 %
Operating Lease Maturity	The aggregate annual lease obligations as of June 30, 2023 are as follows: Operating Leases Remainder of 2024 $ 17,407,197 2025 19,180,075 2026 15,695,818 2027 11,797,164 2028 9,231,916 Thereafter 28,762,038 Total undiscounted lease liability $ 102,074,208 Imputed interest 20,085,310 Total discounted lease liability $ 81,988,898
Finance Lease Maturity	The aggregate annual lease obligations as of June 30, 2023 are as follows: Operating Leases Remainder of 2024 $ 17,407,197 2025 19,180,075 2026 15,695,818 2027 11,797,164 2028 9,231,916 Thereafter 28,762,038 Total undiscounted lease liability $ 102,074,208 Imputed interest 20,085,310 Total discounted lease liability $ 81,988,898

AVERAGE SHARE INFORMATION (Tabl

AVERAGE SHARE INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Summary of Basic and Diluted Average Common Shares Outstanding	The following is a summary of the basic and diluted average common shares outstanding: Three months ended June 30, 2023 2022 Basic: Weighted average common shares outstanding (denominator) 5,772,733 5,740,835 Diluted: Weighted average common shares outstanding 5,772,733 5,740,835 Dilutive potential common shares 2 118,566 — Weighted average diluted shares outstanding (denominator) 5,891,299 5,740,835

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Performance Shares Vesting Based on EPS Targets	The Performance Share performance targets are set forth below. Trailing 4-Quarter EPS Targets for Restricted Stock Eligible for Vesting $16.35 40% $20.45 60% Trailing 4-Quarter EPS Targets for Options Eligible for Vesting $25.30 100%
Fair Value was Estimated at Grant Date Using the Weighted-Average	Fair value was estimated at grant date using the weighted-average assumptions listed below: Three months ended June 30, 2023 2022 Dividend yield —% —% Expected volatility —% 55.96% Average risk-free rate —% 2.94% Expected life — 5.9 years
Summary Schedule of Stock Option Activity	Option activity for the three months ended June 30, 2023 was as follows: Shares Weighted Average Exercise Weighted Average Aggregate Intrinsic Value Options outstanding, beginning of period 314,742 $ 104.41 Granted during period — — Exercised during period (7,540) 94.07 Forfeited during period (6,018) 120.31 Expired during period — — Options outstanding, end of period 301,184 3 $ 104.35 5.6 years $ 9,920,060 Options exercisable, end of period 107,217 $ 100.66 4.8 years $ 3,943,955
Intrinsic Value of Options Exercised	The total intrinsic value of options exercised during the periods ended June 30, 2023 and 2022 was as follows: June 30, June 30, Three months ended $ 215,135 $ 430,466
Summary of the Status and Changes Restricted Stock	A summary of the status of the Company’s restricted stock as of June 30, 2023, and changes during the three months ended June 30, 2023, are presented below: Shares Weighted Average Fair Value at Grant Date Outstanding at March 31, 2023 460,614 $ 101.82 Granted during the period 1,875 103.78 Vested during the period — — Forfeited during the period — — Outstanding at June 30, 2023 462,489 $ 101.83
Share-Based Compensation Included as a Component of Net Income (Loss)	Total stock-based compensation included as a component of net income (loss) during the three month periods ended June 30, 2023 and 2022 was as follows: Three months ended June 30, 2023 2022 Stock-based compensation related to equity classified awards: Stock-based compensation related to stock options $ 313,347 $ 768,055 Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations 1,099,351 3,048,003 Total stock-based compensation related to equity classified awards $ 1,412,698 $ 3,816,058

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table sets forth the Company's acquisition activity for the three months ended June 30, 2023 and 2022. Three months ended June 30, 2023 2022 Acquisitions: Number of loan portfolios acquired through asset purchases — 35 Total acquisitions — 35 Purchase price $ — $ 19,700,844 Tangible assets: Loans receivable, net — 23,547,972 Purchase price amount below carrying value of net tangible assets 4 $ — $ (3,847,128) Non-compete agreements $ — $ 215,000

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Aggregate Annual Maturities Of the Notes Payable	The aggregate annual maturities of the Company's debt arrangements as of June 30, 2023 are as follows: Amount Remainder of 2024 $ — 2025 299,776,031 2026 — 2027 288,860,000 2028 — Total future debt payments $ 588,636,031

SUMMARY OF SIGNIFICANT POLICI_3

SUMMARY OF SIGNIFICANT POLICIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Accounting Policies [Abstract]
Unamortized deferred origination fees and costs	$ 5,200	$ 4,900

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes payable, net	$ 285,620,007	$ 287,352,892
Senior notes payable	299,776,031	307,910,824
Fair Value, Inputs, Level 1 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	15,988,798	16,508,935
Fair Value, Inputs, Level 1 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	15,988,798	16,508,935
Fair Value, Inputs, Level 2 | Carrying Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes payable, net	288,860,000	290,860,000
Fair Value, Inputs, Level 2 | Estimated Fair Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes payable, net	252,752,500	218,127,548
Fair Value, Inputs, Level 3 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, net	888,656,418	887,788,486
Fair Value, Inputs, Level 3 | Carrying Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	299,776,031	307,910,824
Fair Value, Inputs, Level 3 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, net	888,656,418	887,788,486
Fair Value, Inputs, Level 3 | Estimated Fair Value | Senior notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes payable	$ 299,776,031	$ 307,910,824

LOANS RECEIVABLE AND ALLOWANC_3

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Gross Loans Receivable By Customer Tenure) (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,397,965,921	$ 1,390,015,568
Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,373,718	2,562,054
0 to 5 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	77,832,233	81,803,668
6 to 17 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	115,061,651	133,650,188
18 to 35 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	149,142,504	135,396,187
36 to 59 months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	240,921,979	244,414,255
60+ months | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 813,633,836	$ 792,189,216

LOANS RECEIVABLE AND ALLOWANC_4

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Payment Performance On A Recency Basis) (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,397,965,921	$ 1,390,015,568
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,295,863,220	1,309,447,905
Financing receivable, between 1 and 2 years ago	96,671,833	75,283,901
Financing receivable, between 2 and 3 years ago	3,803,602	2,411,623
Financing receivable, between 3 and 4 years ago	185,797	261,137
Financing receivable, between 4 and 5 years ago	58,046	36,864
Financing receivable, more than 5 years ago	9,705	12,084
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,396,592,203	1,387,453,514
Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	40,945,038	40,791,746
Financing receivable, between 1 and 2 years ago	6,398,969	4,689,867
Financing receivable, between 2 and 3 years ago	305,901	160,956
Financing receivable, between 3 and 4 years ago	21,491	42,700
Financing receivable, between 4 and 5 years ago	9,068	8,504
Financing receivable, more than 5 years ago	857	2,988
Gross loans receivable	47,681,324	45,696,761
Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	24,455,047	26,319,250
Financing receivable, between 1 and 2 years ago	4,170,062	2,572,733
Financing receivable, between 2 and 3 years ago	166,843	92,088
Financing receivable, between 3 and 4 years ago	34,662	40,281
Financing receivable, between 4 and 5 years ago	6,921	884
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	28,833,535	29,025,236
Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	38,396,407	41,832,821
Financing receivable, between 1 and 2 years ago	8,793,831	5,944,645
Financing receivable, between 2 and 3 years ago	285,866	160,361
Financing receivable, between 3 and 4 years ago	9,021	29,494
Financing receivable, between 4 and 5 years ago	8,313	4,430
Financing receivable, more than 5 years ago	0	2,233
Gross loans receivable	47,493,438	47,973,984
Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,369,840	2,542,860
Financing receivable, between 1 and 2 years ago	3,878	19,194
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	1,373,718	2,562,054
Tax advance loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	92,644	609,844
Financing receivable, between 1 and 2 years ago	406	736
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	93,050	610,580
Tax advance loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	150,173	0
Financing receivable, between 1 and 2 years ago	376	4,845
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	150,549	4,845
Tax advance loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,118,587	409
Financing receivable, between 1 and 2 years ago	621	10,089
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	1,119,208	10,498
Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,192,066,728	1,200,504,088
Financing receivable, between 1 and 2 years ago	77,308,971	62,076,656
Financing receivable, between 2 and 3 years ago	3,044,992	1,998,218
Financing receivable, between 3 and 4 years ago	120,623	148,662
Financing receivable, between 4 and 5 years ago	33,744	23,046
Financing receivable, more than 5 years ago	8,848	6,863
Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,272,583,906	1,264,757,533
Performing Financing Receivable | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	8,436	1,932,607
Financing receivable, between 1 and 2 years ago	2,475	3,524
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	$ 10,911	$ 1,936,131

LOANS RECEIVABLE AND ALLOWANC_5

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Payment Performance On A Contractual Basis) (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 1,397,965,921	$ 1,390,015,568
Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,295,863,220	1,309,447,905
Financing receivable, between 1 and 2 years ago	96,671,833	75,283,901
Financing receivable, between 2 and 3 years ago	3,803,602	2,411,623
Financing receivable, between 3 and 4 years ago	185,797	261,137
Financing receivable, between 4 and 5 years ago	58,046	36,864
Financing receivable, more than 5 years ago	9,705	12,084
Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,396,592,203	1,387,453,514
Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	40,945,038	40,791,746
Financing receivable, between 1 and 2 years ago	6,398,969	4,689,867
Financing receivable, between 2 and 3 years ago	305,901	160,956
Financing receivable, between 3 and 4 years ago	21,491	42,700
Financing receivable, between 4 and 5 years ago	9,068	8,504
Financing receivable, more than 5 years ago	857	2,988
Gross loans receivable	47,681,324	45,696,761
Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	24,455,047	26,319,250
Financing receivable, between 1 and 2 years ago	4,170,062	2,572,733
Financing receivable, between 2 and 3 years ago	166,843	92,088
Financing receivable, between 3 and 4 years ago	34,662	40,281
Financing receivable, between 4 and 5 years ago	6,921	884
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	28,833,535	29,025,236
Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	38,396,407	41,832,821
Financing receivable, between 1 and 2 years ago	8,793,831	5,944,645
Financing receivable, between 2 and 3 years ago	285,866	160,361
Financing receivable, between 3 and 4 years ago	9,021	29,494
Financing receivable, between 4 and 5 years ago	8,313	4,430
Financing receivable, more than 5 years ago	0	2,233
Gross loans receivable	47,493,438	47,973,984
Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,369,840	2,542,860
Financing receivable, between 1 and 2 years ago	3,878	19,194
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	1,373,718	2,562,054
Tax advance loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	92,644	609,844
Financing receivable, between 1 and 2 years ago	406	736
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	93,050	610,580
Tax advance loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	150,173	0
Financing receivable, between 1 and 2 years ago	376	4,845
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	150,549	4,845
Tax advance loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,118,587	409
Financing receivable, between 1 and 2 years ago	621	10,089
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	1,119,208	10,498
Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,192,066,728	1,200,504,088
Financing receivable, between 1 and 2 years ago	77,308,971	62,076,656
Financing receivable, between 2 and 3 years ago	3,044,992	1,998,218
Financing receivable, between 3 and 4 years ago	120,623	148,662
Financing receivable, between 4 and 5 years ago	33,744	23,046
Financing receivable, more than 5 years ago	8,848	6,863
Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,272,583,906	1,264,757,533
Performing Financing Receivable | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	8,436	1,932,607
Financing receivable, between 1 and 2 years ago	2,475	3,524
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	10,911	1,936,131
Contractual basis
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,397,965,921	1,390,015,568
Contractual basis | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	51,389,342	51,702,239
Contractual basis | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	34,385,348	36,094,628
Contractual basis | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	70,629,089	70,771,312
Contractual basis | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,295,863,221	1,309,447,906
Financing receivable, between 1 and 2 years ago	96,671,832	75,283,901
Financing receivable, between 2 and 3 years ago	3,803,603	2,411,623
Financing receivable, between 3 and 4 years ago	185,797	261,137
Financing receivable, between 4 and 5 years ago	58,046	36,863
Financing receivable, more than 5 years ago	9,704	12,084
Contractual basis | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,396,592,203	1,387,453,514
Contractual basis | Loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	45,623,659	47,346,331
Financing receivable, between 1 and 2 years ago	5,538,291	3,661,493
Financing receivable, between 2 and 3 years ago	133,436	77,857
Financing receivable, between 3 and 4 years ago	6,006	6,714
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	51,301,392	51,092,395
Contractual basis | Loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	29,268,423	33,012,804
Financing receivable, between 1 and 2 years ago	4,820,038	3,030,052
Financing receivable, between 2 and 3 years ago	126,494	44,129
Financing receivable, between 3 and 4 years ago	5,572	7,643
Financing receivable, between 4 and 5 years ago	0	0
Financing receivable, more than 5 years ago	0	0
Gross loans receivable	34,220,527	36,094,628
Contractual basis | Loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	49,076,912	54,851,010
Financing receivable, between 1 and 2 years ago	19,065,498	14,940,345
Financing receivable, between 2 and 3 years ago	1,183,032	735,493
Financing receivable, between 3 and 4 years ago	132,462	182,547
Financing receivable, between 4 and 5 years ago	43,999	31,721
Financing receivable, more than 5 years ago	6,239	10,593
Gross loans receivable	69,508,142	70,751,709
Contractual basis | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,369,840	2,542,860
Financing receivable, between 1 and 2 years ago	3,878	19,194
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	1,373,718	2,562,054
Contractual basis | Tax advance loans | 30 - 60 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	87,950	609,844
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	87,950	609,844
Contractual basis | Tax advance loans | 61 - 90 days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	164,821	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	164,821	0
Contractual basis | Tax advance loans | 91 or more days past due
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,117,069	409
Financing receivable, between 1 and 2 years ago	3,878	19,194
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	1,120,947	19,603
Contractual basis | Performing Financing Receivable | Loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	1,171,894,227	1,174,237,761
Financing receivable, between 1 and 2 years ago	67,248,005	53,652,011
Financing receivable, between 2 and 3 years ago	2,360,641	1,554,144
Financing receivable, between 3 and 4 years ago	41,757	64,233
Financing receivable, between 4 and 5 years ago	14,047	5,142
Financing receivable, more than 5 years ago	3,465	1,491
Contractual basis | Performing Financing Receivable | Loans | Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,241,562,142	1,229,514,782
Contractual basis | Performing Financing Receivable | Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, up to 1 year ago	0	1,932,607
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	$ 1,932,607

LOANS RECEIVABLE AND ALLOWANC_6

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Company’s Gross Charge-Offs By Year of Origination) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Recorded Investment [Line Items]
2018 and prior	$ 5,007	$ 5,663
2019	12,727	13,855
2020	104,287	138,663
2021	2,943,366	1,509,992
2022	47,401,443	65,881,363
2022	256,212	1,716,846
Total	50,723,042	69,266,382
Loans
Financing Receivable, Recorded Investment [Line Items]
2018 and prior	5,007	5,663
2019	12,727	13,855
2020	104,287	138,663
2021	2,943,366	1,509,992
2022	47,396,816	65,867,200
2022	253,212	1,649,742
Total	50,715,415	69,185,115
Tax advance loans
Financing Receivable, Recorded Investment [Line Items]
2018 and prior	0	0
2019	0	0
2020	0	0
2021	0	0
2022	4,627	14,163
2022	3,000	67,104
Total	$ 7,627	$ 81,267

LOANS RECEIVABLE AND ALLOWANC_7

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Roll Forward of the Allowance for Credit Losses on Our Gross Loans Receivable) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 125,552,733	$ 134,242,862
Provision for credit losses	46,602,012	85,822,267
Charge-offs	(50,723,042)	(69,266,382)
Recoveries	7,911,285	4,851,932
Net charge-offs	(42,811,757)	(64,414,450)
Ending Balance	$ 129,342,988	$ 155,650,679

LOANS RECEIVABLE AND ALLOWANC_8

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Summary of Past Due Receivables) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 1,397,965,921	$ 1,390,015,568
Unearned interest, insurance and fees	(5,200,000)	(4,900,000)
Charge offs	4,400,000
Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,373,718	2,562,054
30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	77,832,233	81,803,668
30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	115,061,651	133,650,188
30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	149,142,504	135,396,187
30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	240,921,979	244,414,255
30 - 60 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	813,633,836	792,189,216
Recency Basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,397,965,921	1,390,015,568
Unearned interest, insurance and fees	(379,966,515)	(376,674,349)
Total net loans	$ 1,017,999,406	$ 1,013,341,219
Financing receivable, percent past due	9%	8.90%
Recency Basis | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 1,373,718	$ 2,562,054
Recency Basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	77,832,233	81,803,668
Recency Basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	115,061,651	133,650,188
Recency Basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	149,142,504	135,396,187
Recency Basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	240,921,979	244,414,255
Recency Basis | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	813,633,836	792,189,216
Recency Basis | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,272,594,818	1,266,693,664
Unearned interest, insurance and fees	(345,890,705)	(343,255,876)
Total net loans	926,704,113	923,437,788
Recency Basis | Current | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	10,912	1,936,131
Recency Basis | Current | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	61,192,949	64,615,314
Recency Basis | Current | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	97,270,965	113,946,833
Recency Basis | Current | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	133,608,163	120,125,821
Recency Basis | Current | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	219,635,566	223,734,062
Recency Basis | Current | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	760,876,263	742,335,503
Recency Basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	47,774,374	46,307,341
Unearned interest, insurance and fees	(12,985,054)	(12,548,627)
Total net loans	$ 34,789,320	$ 33,758,714
Financing receivable, percent past due	3.40%	3.30%
Recency Basis | 30 - 60 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 93,049	$ 610,580
Recency Basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	5,159,304	5,451,276
Recency Basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	6,044,736	6,527,355
Recency Basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	6,116,113	5,336,994
Recency Basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	8,468,545	8,070,011
Recency Basis | 30 - 60 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	21,892,627	20,311,125
Recency Basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	28,984,084	29,030,081
Unearned interest, insurance and fees	(7,877,861)	(7,866,737)
Total net loans	$ 21,106,223	$ 21,163,344
Financing receivable, percent past due	2.10%	2.10%
Recency Basis | 61 - 90 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 150,549	$ 4,845
Recency Basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	3,946,507	4,407,751
Recency Basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,167,086	4,655,441
Recency Basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	3,508,885	3,727,331
Recency Basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,959,167	4,839,000
Recency Basis | 61 - 90 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	12,251,890	11,395,713
Recency Basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	48,612,645	47,984,482
Unearned interest, insurance and fees	(13,212,895)	(13,003,109)
Total net loans	$ 35,399,750	$ 34,981,373
Financing receivable, percent past due	3.50%	3.50%
Recency Basis | 91 or more days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 1,119,208	$ 10,498
Recency Basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	7,533,473	7,329,327
Recency Basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	7,578,864	8,520,559
Recency Basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	5,909,343	6,206,041
Recency Basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	7,858,701	7,771,182
Recency Basis | 91 or more days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	18,613,056	18,146,875
Recency Basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	125,371,103	123,321,904
Unearned interest, insurance and fees	(34,075,810)	(33,418,473)
Total net loans	91,295,293	89,903,431
Recency Basis | Total Past Due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,362,806	625,923
Recency Basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	16,639,284	17,188,354
Recency Basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	17,790,686	19,703,355
Recency Basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	15,534,341	15,270,366
Recency Basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	21,286,413	20,680,193
Recency Basis | Total Past Due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	52,757,573	49,853,713
Contractual basis
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,397,965,921	1,390,015,568
Unearned interest, insurance and fees	(379,966,515)	(376,674,349)
Total net loans	$ 1,017,999,406	$ 1,013,341,219
Financing receivable, percent past due	11.30%	11.40%
Contractual basis | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 1,373,718	$ 2,562,054
Contractual basis | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	77,832,233	81,803,668
Contractual basis | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	115,061,651	133,650,188
Contractual basis | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	149,142,504	135,396,187
Contractual basis | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	240,921,979	244,414,255
Contractual basis | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	813,633,836	792,189,216
Contractual basis | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,241,562,142	1,231,447,389
Unearned interest, insurance and fees	(337,456,038)	(333,704,639)
Total net loans	904,106,104	897,742,750
Contractual basis | Current | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	0	1,932,607
Contractual basis | Current | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	59,258,540	61,850,142
Contractual basis | Current | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	93,865,123	109,694,389
Contractual basis | Current | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	129,848,141	115,711,782
Contractual basis | Current | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	214,011,449	217,821,239
Contractual basis | Current | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	744,578,889	724,437,230
Contractual basis | 30 - 60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	51,389,342	51,702,239
Unearned interest, insurance and fees	(13,967,600)	(14,010,568)
Total net loans	$ 37,421,742	$ 37,691,671
Financing receivable, percent past due	3.70%	3.70%
Contractual basis | 30 - 60 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 87,950	$ 609,844
Contractual basis | 30 - 60 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	5,113,469	5,320,659
Contractual basis | 30 - 60 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	6,127,267	6,892,610
Contractual basis | 30 - 60 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	6,471,807	5,721,694
Contractual basis | 30 - 60 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	9,223,244	8,991,995
Contractual basis | 30 - 60 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	24,365,605	24,165,437
Contractual basis | 61 - 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	34,385,348	36,094,628
Unearned interest, insurance and fees	(9,345,922)	(9,781,128)
Total net loans	$ 25,039,426	$ 26,313,500
Financing receivable, percent past due	2.50%	2.60%
Contractual basis | 61 - 90 days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 164,821	$ 0
Contractual basis | 61 - 90 days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,075,349	4,864,498
Contractual basis | 61 - 90 days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,571,045	5,613,468
Contractual basis | 61 - 90 days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	4,158,292	4,499,010
Contractual basis | 61 - 90 days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	5,966,254	6,078,488
Contractual basis | 61 - 90 days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	15,449,587	15,039,164
Contractual basis | 91 or more days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	70,629,089	70,771,312
Unearned interest, insurance and fees	(19,196,955)	(19,178,014)
Total net loans	$ 51,432,134	$ 51,593,298
Financing receivable, percent past due	5.10%	5.10%
Contractual basis | 91 or more days past due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 1,120,947	$ 19,603
Contractual basis | 91 or more days past due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	9,384,875	9,768,369
Contractual basis | 91 or more days past due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	10,498,216	11,449,721
Contractual basis | 91 or more days past due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	8,664,264	9,463,701
Contractual basis | 91 or more days past due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	11,721,032	11,522,533
Contractual basis | 91 or more days past due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	29,239,755	28,547,385
Contractual basis | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	156,403,779	158,568,179
Unearned interest, insurance and fees	(42,510,477)	(42,969,710)
Total net loans	113,893,302	115,598,469
Contractual basis | Total Past Due | Tax advance loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	1,373,718	629,447
Contractual basis | Total Past Due | 0 to 5 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	18,573,693	19,953,526
Contractual basis | Total Past Due | 6 to 17 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	21,196,528	23,955,799
Contractual basis | Total Past Due | 18 to 35 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	19,294,363	19,684,405
Contractual basis | Total Past Due | 36 to 59 months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	26,910,530	26,593,016
Contractual basis | Total Past Due | 60+ months
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross loans receivable	$ 69,054,947	$ 67,751,986

LOANS RECEIVABLE AND ALLOWANC_9

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Nonaccrual) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Uncollected accrued interest reversed	$ 6,300,000	$ 9,000,000
Financing receivable, nonaccrual	81,747,756		$ 86,514,188
Interest Income Recognized	3,615,689	3,672,837
Nonaccrual status
Financing Receivable, Nonaccrual [Line Items]
Unearned interest, insurance and fees	(30,512,209)		(32,158,640)
Tax advance loans
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	1,299,860		19,603
Interest Income Recognized	0	0
0 to 5 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	14,146,363		15,781,494
Interest Income Recognized	326,773	503,963
6 to 17 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	15,831,823		18,288,714
Interest Income Recognized	476,870	378,450
18 to 35 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	13,705,732		15,551,806
Interest Income Recognized	464,668	628,781
36 to 59 months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	18,983,213		19,745,397
Interest Income Recognized	609,507	503,362
60+ months
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	48,292,974		$ 49,285,814
Interest Income Recognized	$ 1,737,871	$ 1,658,281

LEASES (Additional Information)

LEASES (Additional Information) (Details)	Jun. 30, 2023
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	3 years
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	5 years

LEASES (Lease Cost) (Details)

LEASES (Lease Cost) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Finance lease cost	$ 0	$ 103,302
Amortization of right-of-use assets	0	102,278
Interest on lease liabilities	0	1,024
Operating lease cost	6,141,171	6,662,311
Variable lease cost	1,030,675	931,084
Total lease cost	7,171,846	7,696,697
Cash paid for amounts included in the measurement of lease liabilities	6,324,218	6,724,592
Operating cash flows from finance leases	0	1,024
Operating cash flows from operating leases	6,324,218	6,689,425
Financing cash flows from finance leases	0	34,143
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 3,046,251	$ 5,352,690
Weighted-average remaining lease term — finance leases		4 months 24 days
Weighted average remaining lease term — operating leases	7 years 1 month 6 days	7 years 2 months 12 days
Weighted-average discount rate — finance leases	0%	6%
Weighted-average discount rate — operating leases	6.10%	6.10%

LEASES (Aggregate Annual Lease

LEASES (Aggregate Annual Lease Obligations) (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023
Operating Leases
Remainder of 2024	$ 17,407,197
2025	19,180,075
2026	15,695,818
2027	11,797,164
2028	9,231,916
Thereafter	28,762,038
Total undiscounted lease liability	102,074,208
Imputed interest	20,085,310
Total discounted lease liability	$ 81,988,898	$ 83,735,002

AVERAGE SHARE INFORMATION (Deta

AVERAGE SHARE INFORMATION (Details) - shares	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Basic:
Weighted average common shares outstanding (in shares)	5,772,733	5,740,835
Diluted:
Weighted average common shares outstanding (in shares)	5,772,733	5,740,835
Dilutive potential common shares (in shares)	118,566	0
Weighted average diluted shares outstanding (in shares)	5,891,299	5,740,835
Anti-dilutive shares (in shares)	309,371	341,880

STOCK-BASED COMPENSATION (Narra

STOCK-BASED COMPENSATION (Narrative) (Details)	3 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($) installment $ / shares shares	Jun. 30, 2022 USD ($) $ / shares	Mar. 31, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	149,174
Vesting percentage	100%
Weighted-average fair value at the grant date (in dollars per share) | $ / shares		$ 80.87
Compensation related to stock option and restricted stock plans, net of taxes and adjustments | $	$ 1,412,698	$ 3,816,058
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of authorized common stock reserved for issuance (in shares)	3,350,000
Options outstanding (in shares)	301,184		314,742
Total unrecognized stock-based compensation expense related to non-vested stock options | $	$ 2,400,000
Weighted average period for recognition	1 year 7 months 6 days
Compensation related to stock option and restricted stock plans, net of taxes and adjustments | $	$ 313,347	768,055
Employee Stock Option | Scenario 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares)	80,793
Employee Stock Option | Scenario 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares)	113,174
Employee Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option, expiration period	10 years
Vesting period	6 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of installments | installment	6
Awards granted (in shares)	1,875		3,250
Grant date fair value (in dollars per share) | $ / shares	$ 103.78		$ 129.85
Compensation related to stock option and restricted stock plans, net of taxes and adjustments | $	$ 1,099,351	$ 3,048,003
Unvested restricted stock awards | $	$ 3,500,000
Service Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years
Weighted average period for recognition	1 year 3 months 18 days

STOCK-BASED COMPENSATION (Share

STOCK-BASED COMPENSATION (Share and Options Performance Targets) (Details)	3 Months Ended
	Jun. 30, 2023 $ / shares
Target 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS target (in dollars per share)	$ 16.35
Vesting percentage	40%
Target 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS target (in dollars per share)	$ 20.45
Vesting percentage	60%
Target 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EPS target (in dollars per share)	$ 25.30
Vesting percentage	100%

STOCK-BASED COMPENSATION (Grant

STOCK-BASED COMPENSATION (Grants Date Using The Weighted-Average Assumptions) (Details)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Dividend yield	0%	0%
Expected volatility	0%	55.96%
Average risk-free rate	0%	2.94%
Expected life	0 days	5 years 10 months 24 days

STOCK-BASED COMPENSATION (Stock

STOCK-BASED COMPENSATION (Stock Option Activity and Intrinsic Value) (Details) - Stock Options Plans - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Options Activity [Roll Forward]
Options outstanding, beginning of year (in shares)	314,742
Granted (in shares)	0
Exercised (in shares)	(7,540)
Forfeited (in shares)	(6,018)
Expired (in shares)	0
Options outstanding, end of period (in shares)	301,184
Options exercisable, end of period (in shares)	107,217
Weighted Average Exercise Price
Options outstanding, beginning of year (in dollars per share)	$ 104.41
Granted (in dollars per share)	0
Exercised (in dollars per share)	94.07
Forfeited (in dollars per share)	120.31
Expired (in dollars per share)	0
Options outstanding, end of period (in dollars per share)	104.35
Options exercisable, end of period (in dollars per share)	$ 100.66
Stock Option Activity Additional Disclosures [Abstract]
Weighted-average remaining contractual term, options outstanding, end of period	5 years 7 months 6 days
Weighted-average remaining contractual terms, options exercisable, end of period	4 years 9 months 18 days
Aggregate intrinsic value, options outstanding, end of period	$ 9,920,060
Aggregate intrinsic value, options exercisable, end of period	3,943,955
Intrinsic value of options exercised	$ 215,135	$ 430,466

STOCK-BASED COMPENSATION (Compa

STOCK-BASED COMPENSATION (Company Restricted Stock and Total Stock-Based Compensation) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Weighted Average Fair Value at Grant Date
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 1,412,698	$ 3,816,058
Stock Options Plans
Weighted Average Fair Value at Grant Date
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 313,347	768,055
Restricted Stock
Shares
Outstanding at beginning of year (in shares)	460,614
Granted during the period (in shares)	1,875		3,250
Vested during the period (in shares)	0
Forfeited during the period (in shares)	0
Outstanding at end of period (in shares)	462,489		460,614
Weighted Average Fair Value at Grant Date
Outstanding at beginning period (in dollars per share)	$ 101.82
Granted during the period (in shares)	103.78		$ 129.85
Vested during the period (in dollars per share)	0
Forfeited during the period (in dollars per share)	0
Outstanding at ending period (in dollars per share)	$ 101.83		$ 101.82
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 1,099,351	3,048,003
Equity Securities
Weighted Average Fair Value at Grant Date
Compensation related to stock option and restricted stock plans, net of taxes and adjustments	$ 1,412,698	$ 3,816,058

ACQUISITIONS (Details)

ACQUISITIONS (Details)	3 Months Ended
	Jun. 30, 2023 USD ($) acquisition	Jun. 30, 2022 USD ($) acquisition
Business Acquisition [Line Items]
Number of loan portfolios acquired through asset purchases | acquisition	0	35
Total acquisitions | acquisition	0	35
Loans receivable, net	$ 0	$ 23,547,972
Purchase price amount below carrying value of net tangible assets	0	(3,847,128)
Non-compete agreements	0	215,000
Gain on acquisition, net of income tax	0	3,144,722
Income tax related to asset acquisition		917,400
Insurance And Other Income, Net
Business Acquisition [Line Items]
Gain on acquisition, net of income tax		3,100,000
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Purchase price	$ 0	$ 19,700,844

DEBT (Narrative) (Details)

DEBT (Narrative) (Details) - USD ($)		3 Months Ended		12 Months Ended
	Sep. 27, 2021	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Line of Credit Facility [Line Items]
Accordion feature		$ 100,000,000
Letters of credit outstanding, amount		524,000
Gain on extinguishment of senior unsecured notes payable		435,885	$ 0
Senior Notes Due 2026 | Senior notes
Line of Credit Facility [Line Items]
Interest rate, percentage	7%
Aggregate principal amount	$ 300,000,000
Redemption price, percentage of equity offerings	40%
Repurchased and extinguished amount of debt		2,000,000		$ 9,100,000
Debt issuance costs		24,100		100,000
Reacquisition price		1,540,000		$ 7,200,000
Gain on extinguishment of senior unsecured notes payable		400,000
Senior Notes Due 2026 | Senior notes | Period One
Line of Credit Facility [Line Items]
Redemption price percent	100%
Senior Notes Due 2026 | Senior notes | 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
Accordion feature		785,000,000
Amount outstanding		$ 299,800,000
Extension period		1 year
Interest rate, percentage		3.50%
Commitment fee percentage		0.50%
Unused borrowing capacity, fee		$ 500,000	$ 300,000
Interest rate, effective percentage		9.60%		7%
Unused amount available		$ 366,300,000
Debt covenants minimum net worth		$ 325,000,000
Fixed conversion 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 conversion 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 conversion ratio		1.15
Revolving Credit Facility | Scenario 3
Line of Credit Facility [Line Items]
Debt covenant, maximum ratio of total debt		2
Fixed conversion ratio		1.50
Revolving Credit Facility | Scenario4
Line of Credit Facility [Line Items]
Debt covenant, maximum ratio of total debt		2.25
Fixed conversion ratio		2
Revolving Credit Facility | Scenario 5
Line of Credit Facility [Line Items]
Fixed conversion ratio		2.75
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Interest rate, percentage		4.50%
Revolving Credit Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)		0.10%
Revolving Credit Facility | Sub-Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 1,500,000

DEBT (Debt Maturities) (Details

DEBT (Debt Maturities) (Details)	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
Remainder of 2024	$ 0
2025	299,776,031
2026	0
2027	288,860,000
2028	0
Total future debt payments	$ 588,636,031

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Income Tax Contingency [Line Items]
Total gross unrecognized tax benefits including interest	$ 1,200,000		$ 1,100,000
Unrecognized tax benefits	900,000		900,000
Gross unrecognized tax benefits, limitations and settlement with taxing authorities	500,000
Accrued gross interest	313,100
Gross interest expense	$ 20,200
Effective income tax rate reconciliation, percent	22.80%	20.20%
Historic Tax Credit Investment
Income Tax Contingency [Line Items]
Equity method investment	$ 21,700,000		$ 23,000,000
Historic tax credit investments amortization	1,300,000	$ 900,000
Tax benefits from these investments	$ 1,500,000	$ 500,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)		3 Months Ended
	Jul. 18, 2023 USD ($)	Jun. 30, 2023 USD ($)
Subsequent Event [Line Items]
Accordion feature		$ 100,000,000
Subsequent Event
Subsequent Event [Line Items]
Accordion feature	$ 150,000,000
Revolving Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity		685,000,000
Accordion feature		$ 785,000,000
Fixed conversion ratio		2
Revolving Credit Facility | Scenario 5
Subsequent Event [Line Items]
Fixed conversion ratio		2.75
Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity	580,000,000
Accordion feature	$ 730,000,000
Fixed conversion ratio	2.25