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<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Nicholas Financial, Inc. (“Nicholas Financial – Canada”) is a Canadian holding company incorporated under the laws of British Columbia with two wholly owned United States subsidiaries, Nicholas Data Services, Inc. (“NDS”) and Nicholas Financial, Inc. (“NFI”). NDS historically was engaged in supporting and updating industry-specific computer application software for small businesses located primarily in the Southeastern United States. NDS has ceased its operations; however it continues as the interim holding company for Nicholas Financial. NFI is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (“Contracts”) for purchases of new and used automobiles and light trucks. To a lesser extent, NFI also offers direct consumer loans (“Direct Loans”) and sells consumer-finance related products. Both NDS and NFI are based in Florida, U.S.A. The accompanying consolidated financial statements are stated in U.S. dollars and are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).</p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has one reportable segment, which is the consumer finance company.</div>
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<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>2. Summary of Significant Accounting Policies</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Consolidation</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements include the accounts of Nicholas Financial – Canada and its wholly owned subsidiaries, NDS and NFI, collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Tender Offer</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">On March 19, 2015, the Company announced the final results of the modified “Dutch auction” tender offer for the purchase of approximately 4.7 million shares of the Company’s common shares by its principal operating subsidiary. The tender offer expired on March 13, 2015. Total payments for common shares, including costs were approximately $70.5 million. Such costs were recorded as an increase to treasury stock, reducing shareholders’ equity.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The aggregate number of common shares purchased in the tender offer by NFI represented approximately 38.0% of the Company’s outstanding common shares as of March 17, 2015. Following settlement of the tender offer, the Company had approximately 7.7 million common shares outstanding.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Use of Estimates</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses on finance receivables.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Finance Receivables</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts (see “Revenue Recognition”) and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2017 and March 31, 2016 are approximately $195.5 and $186.3 million, respectively (See Note 3).</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 8pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Allowance for Credit Losses</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The allowance for credit losses is increased by charges against earnings and decreased by charge-offs (net of recoveries). The Company aggregates Contracts into static pools consisting of Contracts purchased during a three-month period for each branch location as management considers these pools to have similar risk characteristics and are considered smaller-balance homogenous loans. The Company analyzes each consolidated static pool at specific points in time to estimate losses that are probable of being incurred as of the reporting date. It has maintained historical <font style="white-space: nowrap;">write-off</font> information for over 10 years with respect to every consolidated static pool and segregates each static pool by liquidation which creates snapshots or buckets of each pool’s historical <font style="white-space: nowrap;"><font style="white-space: nowrap;">write-off-to</font></font> liquidation ratio at five different points in each vintage pool’s liquidation cycle. These snapshots are then used to assist in determining the allowance for credit losses. The five snapshots are tracked at liquidation levels of 20%, 40%, 60%, 80% and 100%. These snapshots help us in determining the appropriate allowance for credit losses.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of March 31, 2016, the Company refined the allowance for credit losses by changing it to a loan by loan analysis, which more closely depicts the amount of the allowance for credit losses needed to maintain an adequate reserve. As of March 31, 2017, the Company further refined the reserve for losses by increasing the allowance by 50% of the principal balance, with respect to accounts whose contractual delinquency falls into the range of <font style="white-space: nowrap;">120-180</font> days past due as a result of further delinquencies that occurred subsequent to altering our <font style="white-space: nowrap;">charge-off</font> policy (see Note 3).</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Management’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral, and current economic conditions. As conditions change, the Company’s level of provisioning and allowance may change as well.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Assets Held for Resale</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Assets held for resale are stated at net realizable value and consist primarily of automobiles that have been repossessed by the Company and are awaiting final disposition. Most costs associated with repossession, transport and auction preparation expenses are reported under operating expenses in the period in which they are incurred.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Property and Equipment</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the assets as follows:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 68%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="23%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">3 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">5 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">7 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">Lesser of lease term or useful life (generally 6 -7 years)</td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 18pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Drafts Payable</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Drafts payable represent checks disbursed for loan purchases which have not yet been funded. Amounts generally clear within two business days of period end and then increase the line of credit or reduce cash.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 8pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Income Taxes</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases along with operating loss and tax credit carryforwards, if any. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company recognizes tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from any such position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. It is the Company’s policy to recognize interest and penalties accrued on any uncertain tax benefits as a component of income tax expense. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits, nor has the Company recognized any related interest or penalties during the three years ended March 31, 2017.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company is no longer subject to U.S. federal and state tax examinations for fiscal years before 2014. The Company does not believe there will be any material changes in its unrecognized tax positions over the next 12 months. There were no unrecognized tax positions as of March 31, 2017.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 18pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Revenue Recognition</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest income on finance receivables is recognized using the interest method. Accrual of interest income on finance receivables is suspended when a loan is contractually delinquent for 61 days or more or the collateral is repossessed, whichever is earlier, or when the account is in Chapter 13 bankruptcy. Chapter 13 bankruptcy accounts are accounted for under the cost-recovery method. Interest income on Chapter 13 bankruptcy accounts does not resume until all principal amounts are recovered (see Note 3).</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">A dealer discount represents the difference between the finance receivable, net of unearned interest, of a Contract, and the amount of money the Company actually pays for the Contract. The discount negotiated by the Company is a function of the lender, the wholesale value of the vehicle, and competition in any given market. In making decisions regarding the purchase of a particular Contract, the Company considers the following factors related to the borrower: place and length of residence; current and prior job status; history in making installment payments for automobiles; current income; and credit history. In addition, the Company examines its prior experience with Contracts purchased from the dealer from which the Company is purchasing the Contract, and the value of the automobile in relation to the purchase price and the term of the Contract. The dealer discount is amortized as an adjustment to yield using the interest method over the life of the loan. The average dealer discount, as a percent of the amount financed, associated with new volume for the fiscal years ended March 31, 2017, 2016, and 2015 was 7.08%, 7.51% and 8.08%, respectively.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The amount of future unearned income is computed as the product of the Contract rate, the Contract term and the Contract amount.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred revenues consist primarily of commissions received from the sale of ancillary products. These products include automobile warranties, roadside assistance programs, accident and health insurance, credit life insurance, involuntary unemployment insurance, and forced placed automobile insurance. These commissions are amortized over the life of the contract using the interest method.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 8pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Earnings Per Share</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has granted stock compensation awards with nonforfeitable dividend rights which are considered participating securities. Earnings per share is calculated using the <font style="white-space: nowrap;">two-class</font> method, as such awards are more dilutive under this method than the treasury stock method. Basic earnings per share is calculated by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period, which excludes the participating securities. Diluted earnings per share includes the dilutive effect of additional potential common shares from stock compensation awards. Earnings per share have been computed based on the following weighted average number of common shares outstanding:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="75%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="10"><b>Fiscal Year ended March 31,</b><br /><b>(In thousands, except earnings per</b><br /><b>share numbers)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income per consolidated statements of income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,409</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,379</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Less: Allocation of earnings to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(70</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(170</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Basic earnings per share computation:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average common shares outstanding, including shares considered participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,766</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,727</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Less: Weighted average participating securities outstanding</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(102</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(105</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average shares of common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,664</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,622</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>.70</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.60</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.40</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Diluted earnings per share computation:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Undistributed earnings <font style="white-space: nowrap;">re-allocated</font> to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Numerator for diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,211</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average common shares outstanding for basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,664</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,622</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Incremental shares from stock options</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>62</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">70</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">179</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average shares and dilutive potential common shares</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,726</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,692</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,192</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>.69</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.59</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.38</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Diluted earnings per share do not include the effect of certain stock options as their impact would be anti-dilutive. Approximately 161,000, 161,000, and 155,000 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2017, 2016 and 2015 respectively, because their effect would have been anti-dilutive.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Share-Based Payments</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively, the vesting period), net of estimated forfeitures. The Company estimates the fair value of option awards using the Black-Scholes option pricing model. The risk-free interest rate is based upon a U.S. Treasury instrument with a life that is similar to the expected term of the options. Expected volatility is based upon the historical volatility for the previous period equal to the expected term of the options. The expected term is based upon the average life of previously issued options. The expected dividend yield is based upon the yield expected on date of grant to occur over the term of the option.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The fair value of <font style="white-space: nowrap;">non-vested</font> restricted shares and performance units are measured at the market price of a share on a grant date. Restricted shares have a three-year service period. Performance units include a performance period (generally ending at the end of the fiscal year in which the units were granted) followed by a <font style="white-space: nowrap;">two-year</font> service period. At the end of the performance period, these units effectively become restricted shares for the remaining <font style="white-space: nowrap;">two-year</font> service period at which time they become vested.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 8pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The pool of excess tax benefits available to absorb future tax deficiencies is based on increases to shareholders’ equity related to tax benefits from share-based compensation, combined with the tax on the cumulative incremental compensation costs previously included in pro forma net income disclosures as if the Company had applied the fair-value method to all awards.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Fair Value Measurements</b></div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company measures specific assets and liabilities at fair value, which is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When applicable, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability under a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions (see Note 7).</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Financial Instruments and Concentrations</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s financial instruments consist of cash, finance receivables (accrued interest is a part of finance receivables), a line of credit, and interest rate swap agreements. Financial instruments that are exposed to concentrations of credit risk are primarily finance receivables and cash.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of March 31, 2017, the Company operated in eighteen states through sixty-five branch locations. Florida represented 28% of the finance receivables total as of March 31, 2017. Ohio represented 13%, Georgia represented 10% and North Carolina represented 8% of the finance receivables total as of March 31, 2017. Of the remaining fourteen states, no one state represented more than 5% of the total finance receivables. The Company provides credit during the normal course of business and performs ongoing credit evaluations of its customers.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company maintains reserves for potential credit losses which, when realized, have been within the range of management’s expectations. The Company perfects a primary security interest in all vehicles financed as a form of collateral.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The combined account balances the Company maintains at financial institutions typically exceed federally insured limits, and there is a concentration of credit risk related to accounts on deposit in excess of federally insured limits. The Company has not experienced any losses in such accounts and believes this risk of loss is not significant.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Interest Rate Swap Agreements</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest rate swap agreements are reported as either assets or liabilities in the consolidated balance sheet at fair value. Interest rate swap agreements are not designated as cash-flow hedges, and accordingly, the changes in the fair value are recorded in earnings. The Company does not use interest rate swap agreements for speculative purposes (see Note 6).</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Statements of Cash Flows</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash paid for income taxes for the years ended March 31, 2017, 2016 and 2015 was approximately $5.4 million, $8.5 million and $7.3 million respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2017, 2016 and 2015 was approximately $9.1 million, $8.8 million and $6.1 million respectively.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Reclassifications</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company made certain reclassifications to the 2016 and 2015 statements of cash flows. The amortization of deferred revenues decreased cash flows from operating activities by $1.7 million and $1.3 million for 2016 and 2015 respectively and correspondingly increased cash flows from investing activities. Net income and shareholders’ equity was not changed.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 8pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Recent Accounting Pronouncements</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In August 2016, the Financial Accounting Standards Board (“FASB”) issued the Accounting Standards Update (“ASU”) <font style="white-space: nowrap;">2016-15</font> Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payment. The new guidance focuses on making the Statement of Cash Flows more uniform for companies. The amendments in this Update are effective for public business</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of the adoption of this ASU on the consolidated financial statements, and is in the process of analyzing its current presentation of the Consolidated Statements of Cash Flows. At this time, the Company does not believe ASU <font style="white-space: nowrap;">2016-15</font> will have a material impact.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In June 2016, the FASB issued the ASU <font style="white-space: nowrap;">2016-13</font> Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Among other things, the amendments in this ASU require the measurement of all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. The ASU also requires additional disclosures related to estimates and judgments used to measure all expected credit losses. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact of the adoption of this ASU on the consolidated financial statements, and is collecting and analyzing data that will be needed to produce historical inputs into any models created as a result of adopting this ASU. At this time, we believe the adoption of this ASU will likely have a material adverse effect on our consolidated Financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In March 2016, the FASB issued the ASU <font style="white-space: nowrap;">2016-09,</font> “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which is intended to simplify several aspects of the accounting for share-</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities,</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">and classification on the statement of cash flows. For public entities, ASU <font style="white-space: nowrap;">2016-09</font> is effective for annual periods</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The Company continues to evaluate the impact of the adoption of this ASU on the consolidated financial statements and at this time does not believe there will be a material impact on the consolidated financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In February 2016, the FASB issued ASU <font style="white-space: nowrap;">No. 2016-02,</font> “Leases”, intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">manufacturing equipment. “The ASU will require organizations that lease assets—referred to as “lessees”—to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The accounting by organizations that own the assets leased by the lessee—also known as lessor accounting— will remain largely unchanged</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">from current U.S. GAAP. ASU <font style="white-space: nowrap;">2016-02</font> is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. Upon adoption, the Company will add the impact of the full operating lease terms, using the present value of future minimum lease payments to the balance sheet. The Company will continue to evaluate the impact of the adoption of this ASU on the consolidated financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In January 2016, the FASB issued ASU <font style="white-space: nowrap;">No. 2016-01,</font> “Financial Instruments—Recognition and Measurement of Financial Assets and Liabilities,” which is intended to improve the recognition and measurement of financial instruments by requiring: equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU permits early adoption of the instrument-specific credit risk provision. While the Company is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements, the Company does not believe it will have a material impact on the consolidated financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In May 2014, the FASB issued ASU <font style="white-space: nowrap;">No. 2014-09,</font> “Revenue from Contracts with Customers (Topic 606)”. The ASU requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU, and all subsequently issued clarifying ASUs, will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The standard permits the use of either the retrospective or cumulative effect transition method. On July 9, 2015, the FASB approved the deferral of the effective date of ASU <font style="white-space: nowrap;">2014-09</font> by one year. As a result, ASU <font style="white-space: nowrap;">2014-09</font> will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The ASU would permit public entities to adopt the ASU early, but not before the original effective date (i.e., annual periods beginning after December 15, 2016). Because ASU <font style="white-space: nowrap;">2014-09</font> does not apply to revenue associated with financial instruments, the Company does not expect the new guidance to have a material impact on the consolidated financial statements. The Company has begun to scope its general ledger revenue items to identify potential performance obligations and will continue to evaluate the impact of adoption on its consolidated financial statements and disclosures.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company does not believe there are any other recently issued accounting standards that have not yet been adopted that will have a material impact on the Company’s consolidated financial statements.</p>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"><b>3. Finance Receivables</b></font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Finance receivables consist of Contracts and Direct Loans, each of which comprise a portfolio segment. Each portfolio segment consists of smaller balance homogeneous loans which are collectively evaluated for impairment.</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The Company purchases individual Contracts from new and used automobile dealers in its markets. There is no relationship between the Company and the dealer with respect to a given Contract once the assignment of that Contract is complete. The dealer has no vested interest in the performance of any Contract the Company purchases. The Company <font style="white-space: nowrap;">charges-off</font> receivables when an individual account has become more than 180 days contractually delinquent. In the event of repossession, the <font style="white-space: nowrap;">charge-off</font> will occur in the month in which the vehicle was repossessed.</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Contracts included in finance receivables are detailed as follows as of fiscal years ended March 31:</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"> </font></p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="67%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2"><b>(In thousands)</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2017</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2016</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, gross contract</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>502,050</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">487,118</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">447,043</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Unearned interest</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(158,541</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(152,911</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(136,896</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net of unearned interest</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>343,509</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">334,207</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">310,147</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Unearned dealer discounts</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(17,004</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(18,023</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(17,780</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net of unearned interest and unearned dealer discounts</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>326,505</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">316,184</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">292,367</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Allowance for credit losses</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(16,885</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(12,265</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(11,325</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>309,620</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">303,919</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">281,042</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The terms of the Contracts range from 12 to 72 months and bear a weighted average contractual interest rate of 22.37% and 22.67% as of March 31, 2017 and 2016, respectively.</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The following table sets forth a reconciliation of the changes in the allowance for credit losses on Contracts for the fiscal years ended March 31:</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"> </font></p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="70%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2"><b>(In thousands)</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2017</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2016</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Balance at beginning of year</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,265</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,325</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,889</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>36,843</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">25,926</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">20,008</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Losses absorbed</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(34,419</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(27,963</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(25,042</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Recoveries</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2,196</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,977</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,470</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Balance at end of year</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>16,885</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,265</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,325</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
</table>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 18pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"></font> </div>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 18pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The Company purchases Contracts from automobile dealers at a negotiated price that is less than the original principal amount being financed by the purchaser of the automobile. The Contracts are predominately for used vehicles. As of March 31, 2017, the average model year of vehicles collateralizing the portfolio was a 2009 vehicle. The Company utilizes a static pool approach to track portfolio performance. If the allowance for credit losses is determined to be inadequate for a static pool, then an additional charge to income through the provision is used to maintain adequate reserves based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the portfolio, and current economic conditions. Such evaluation, considers among other matters, the estimated net realizable value of the underlying collateral, economic conditions, historical loan loss experience, competition, management’s estimate of probable credit losses and other factors that warrant recognition in providing for an adequate allowance for credit losses.</font></div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Direct Loans are loans originated directly between the Company and the consumer. Direct Loans are also included in finance receivables and are detailed as follows as of fiscal years ended March 31:</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"> </font></p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="73%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2"><b>(In thousands)</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2017</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2016</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Direct finance receivables, gross contract</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,670</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,012</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,932</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Unearned interest</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(2,312</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(2,346</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(2,367</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Direct finance receivables, net of unearned interest</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,358</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,666</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,565</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Allowance for credit losses</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(773</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(748</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(703</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Direct finance receivables, net</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>7,585</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">7,918</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">7,862</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The terms of the Direct Loans range from 12 to 72 months and bear a weighted average contractual interest rate of 25.62% and 25.72% as of March 31, 2017 and 2016, respectively.</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The following table sets forth a reconciliation of the changes in the allowance for credit losses on Direct Loans for the fiscal years ended March 31:</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"> </font></p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="79%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2"><b>(In thousands)</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2017</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2016</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Balance at beginning of year</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>748</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">703</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">590</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>334</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">352</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">362</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Losses absorbed</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(338</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(328</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(277</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Recoveries</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>29</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">21</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">28</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Balance at end of year</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>773</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">748</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">703</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Direct Loans are typically for amounts ranging from $1,000 to $11,000 and are generally secured by a lien on an automobile, watercraft or other permissible tangible personal property. The majority of Direct Loans are originated with current or former customers under the Company’s automobile financing program. The typical Direct Loan represents a better credit risk than Contracts due to the customer’s historical payment history with the Company; however, the underlying collateral is less valuable. In deciding whether or not to make a loan, the Company considers the individual’s credit history, job stability, income and impressions created during a personal interview with a Company loan officer. Additionally, because most of the Direct Loans made by the Company to date have been made to borrowers under Contracts previously purchased by the Company, the payment history of the borrower under the Contract is a significant factor in making the loan decision. As of March 31, 2017, loans made by the Company pursuant to its Direct Loan program constituted approximately 2% of the aggregate principal amount of the Company’s loan portfolio. Changes in the allowance for credit losses for both Contracts and Direct Loans were driven by current economic conditions and credit loss trends over several reporting periods which are utilized in estimating future losses and overall portfolio performance.</font></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">A performing account is defined as an account that is less than 61 days past due. We define an automobile contract as delinquent when more than 25% of a payment contractually due by a certain date has not been paid by the immediately following due date, which date may have been extended within limits specified in the servicing agreements or as a result of a deferral. The period of delinquency is based on the number of days payments are contractually past due, as extended where applicable.</font><font style="font-family: times new roman,times;" size="2"> </font></div>
<br />
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">In certain circumstances, we will grant obligors <font style="white-space: nowrap;">one-month</font> payment extensions. The only modification of terms in those circumstances is to advance the obligor’s next due date by one month and extend the maturity date of the receivable. There are no other concessions, such as a reduction in interest rate, forgiveness of principal or of accrued interest. Accordingly, we consider such extensions to be insignificant delays in payments rather than troubled debt restructurings.</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">A <font style="white-space: nowrap;">non-performing</font> account is defined as an account that is contractually delinquent for 61 days or more or is a Chapter 13 bankruptcy account, and the accrual of interest income is suspended. As of September 1, 2016, when an account is 180 days contractually delinquent, the account is written off. This change aligns the Company’s <font style="white-space: nowrap;">charge-off</font> policy with practices within the subprime auto financing segment. Prior to September 2016, accounts that were 120 days contractually delinquent were written off. See “<i>Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations</i>” for more details. Upon notification of a bankruptcy, an account is monitored for collection with other Chapter 13 bankruptcy accounts. In the event the debtors’ balance has been reduced by the bankruptcy court, the Company will record a loss equal to the amount of principal balance reduction. The remaining balance will be reduced as payments are received by the bankruptcy court.</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">In the event an account is dismissed from bankruptcy, the Company will decide, based on several factors, to begin repossession proceedings or to allow the customer to begin making regularly scheduled payments.</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The following table is an assessment of the credit quality by creditworthiness as of March 31:</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"> </font></p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="66%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" valign="bottom" colspan="14"><font style="font-family: times new roman,times;" size="2"><b>(In thousands)</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="6"><font style="font-family: times new roman,times;" size="2"><b>2017</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="6"><font style="font-family: times new roman,times;" size="2"><b>2016</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Contracts</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Direct<br />Loans</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Contracts</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Direct<br />Loans</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Performing accounts</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>473,446</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,406</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">473,429</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,899</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2"><font style="white-space: nowrap;">Non-performing</font> accounts</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>24,585</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>222</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9,435</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">79</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Total</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>498,031</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,628</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">482,864</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,978</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Chapter 13 bankruptcy accounts, net of unearned interest</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>4,019</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>42</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,254</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">34</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Finance receivables, gross contract</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>502,050</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,670</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">487,118</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,012</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"><font style="font-family: times new roman,times;" size="2"> </font></p>
</td>
<td><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The following tables present certain information regarding the delinquency rates experienced by the Company with respect to Contracts and Direct Loans on a gross basis which includes unearned interest, excluding any Chapter 13 bankruptcy accounts:</font></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2"> </font></p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="63%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" valign="bottom" colspan="18"><font style="font-family: times new roman,times;" size="2"><b>(In thousands)</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 33.75pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: times new roman,times;" size="2"><b>Contracts</b></font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Gross Balance<br />Outstanding</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>31 – <br />60 days</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>61 – <br />90 days</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Over<br />90 days</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Total</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2017</b></font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>498,031</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>25,450</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,388</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,197</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>50,035</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>5.11</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2.49</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2.45</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10.05</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">March 31, 2016</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">482,864</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">17,466</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,069</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,366</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">26,901</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.61</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.26</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.70</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5.57</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">March 31, 2015</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">443,083</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13,694</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,435</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,330</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">18,459</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.09</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.78</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.30</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4.17</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 44.2pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: times new roman,times;" size="2"><b>Direct Loans</b></font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Gross Balance<br />Outstanding</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>31 – <br />60 days</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>61 – <br />90 days</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Over<br />90 days</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Total</b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2017</b></font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,628</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>191</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>67</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>155</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>413</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.80</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.63</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.46</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3.89</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">March 31, 2016</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,978</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">161</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">41</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">38</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">240</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.47</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.37</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.35</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.19</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">March 31, 2015</font></p>
</td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,912</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">122</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">42</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">15</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">179</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"> </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">  </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.12</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.38</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.14</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"> </font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.64</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
</table>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>4. Property and Equipment</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Property and equipment as of March 31, 2017 and 2016 is summarized as follows:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="70%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Cost</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Accumulated<br />Depreciation</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Net Book<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>712</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>459</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>253</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,476</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>851</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>625</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>546</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>427</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>119</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,194</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,007</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>187</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,928</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,744</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,184</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">623</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">413</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">210</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,473</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">664</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">809</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">512</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">408</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">104</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,144</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">977</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">167</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px
solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,752</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,462</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,290</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">During the first quarter of fiscal year 2017 the Company began the process of implementing a new loan operating system and capitalized approximately $350,000 related to the project. During the fiscal year, the Company concluded that the asset was not recoverable due to the project not progressing and the expectation that the costs incurred will not be recovered. As a result, during the fourth quarter, the Company recorded an impairment charge of $350,000 which is classified as administrative expenses in the consolidated statement of income.</div>
</div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>5. Line of Credit</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has a line of credit facility (the “Line”) up to $225.0 million, which matures on January 30, 2018. Prior to December 30, 2016 the pricing on the Line was 300 basis points above 30 day LIBOR with a 1% floor on LIBOR. Effective December 30, 2016, the Company executed an amendment to this existing Line which provided temporary adjustments to the calculation of availability and increased the pricing of the Line to 350 basis points above 30 day LIBOR while maintaining the 1% floor on LIBOR (4.50% at March 31, 2017 and 4.00% at March 31, 2016). The amendment provides for a temporary adjustment to the calculation of the availability under the credit facility effective as of December 30, 2016 and will be in place through June 30, 2017. In connection with such adjustment, an additional event of default was added to the credit facility that would be triggered if the sum of the percentages of accounts that were more than thirty days past due, accounts that were charged off, and the value of repossessed vehicles held as assets exceeds a specified monthly threshold.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Pledged as collateral for this Line are all the assets of the Company. The facility requires compliance with certain financial ratios and covenants and satisfaction of specified financial tests, including maintenance of asset quality and performance tests. As of March 31, 2017, the Company was in compliance with all debt covenants.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As disclosed in Note 3, the quality of the Company’s loan portfolio has been deteriorating, which has resulted in an increase in non-performing loans, increased delinquencies and other factors, which in turn has resulted in increased net charge-offs and an increase in the provision for credit losses. These conditions have resulted in a reduction in net earnings and have affected our borrowing capacity under the line of credit facility.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s operating results over recent quarters provided indicators that the Company may not be able to continue to comply with certain of the required financial ratios, covenants and financial tests prior to the maturity date of the line of credit facility in the absence of an amendment to the corresponding credit agreement. Failure to meet any financial ratios, covenants or financial tests could result in an event of default under our line of credit facility. If an event of default occurs under the credit facility, our lenders could increase our borrowing costs, restrict our ability to obtain additional borrowings under the facility, accelerate all amounts outstanding under the facility, or enforce their interest against collateral pledged under the facility.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company is in the process of providing information to the agent bank in the loan consortium, in the ordinary course of business as well as making changes in our policies and procedures which we believe will be successful in addressing some of the issues related to loan quality. We are also developing information pertaining to our expected borrowing needs, including proposed covenants, determination of lending levels and availability and other considerations to be submitted to the agent bank to assist in addressing the renewal of credit upon expiration of the Line in January 2018. The Company has a longstanding relationship with its lenders. While management believes that it will be able to obtain a renewal or extension of the credit facility, there are no assurances that the lenders will approve the renewal or extension, or, assuming that they will approve it, that the facility will not be on terms less favorable than the current agreement. In the event that the Company obtains information that the existing lenders do not intend to extend the relationship, the Company will seek alternative financing. The Company believes it is probable that it will be able to obtain financing from either its existing lenders or from other sources; however, it can provide no assurances that it will be successful in replacing the line of credit facility on reasonable terms or at all.</p>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>6. Interest Rate Swap Agreements</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company utilizes interest rate swap agreements to manage exposure to variability in expected cash flows attributable to interest rate risk. The interest rate swap agreements convert a portion of the Company’s floating rate debt to a fixed rate, more closely matching the interest rate characteristics of the Company’s finance receivables. As of the twelve months ended March 31, 2017 and 2016, no new contracts were initiated and no contracts matured.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company currently has two interest rate swap agreements. A June 4, 2012 interest rate swap agreement provides for a five-year term in which the Company pays a fixed rate of 1% and receives payments from the counterparty on the <font style="white-space: nowrap;">1-month</font> LIBOR rate. This interest rate swap agreement has an effective date of June 13, 2012 and a notional amount of $25.0 million. A July 30, 2012 agreement provides for a five-year term in which the Company pays a fixed rate of 0.87% and receives payments from the counterparty on the <font style="white-space: nowrap;">1-month</font> LIBOR rate. This interest rate swap agreement has an effective date of August 13, 2012 and a notional amount of $25.0 million.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The locations and amounts of gains (losses) recognized in income are detailed as follows for the fiscal years ended March 31:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="83%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Periodic change in fair value of interest rate swap agreements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>222</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(24</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Periodic settlement differentials included in interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(179</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(343</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Gain (loss) recognized in income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>43</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(367</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Net realized gains (losses) from the interest rate swap agreements were recorded in the interest expense line item of the consolidated statements of income.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The following table summarizes the average variable rates received and average fixed rates paid under the interest rate swap agreements as of March 31:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="87%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Average variable rate received</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.58</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.26</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Average fixed rate paid</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.94</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.94</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>7. Fair Value Disclosures</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><u>Assets and Liabilities Recorded at Fair Value on a Recurring Basis</u></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company estimates the fair value of interest rate swap agreements based on the estimated net present value of the future cash flows using a forward interest rate yield curve in effect as of the measurement period, adjusted for nonperformance risk, if any, including a quantitative and qualitative evaluation of both the Company’s credit risk and the counterparty’s credit risk. Accordingly, the Company classifies interest rate swap agreements as Level 2.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="74%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="14"><b>Fair Value Measurement Using<br />(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 39.5pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Description</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fair<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest rate swap agreements:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017 – asset:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>17</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>17</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016 – liability:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(205</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"
nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(205</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 18pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><u>Financial Instruments Not Measured at Fair Value</u></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s financial instruments consist of cash, finance receivables and the Line. For each of these financial instruments the carrying value approximates fair value.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Finance receivables, net approximates fair value based on the price paid to acquire Contracts. The price paid reflects competitive market interest rates and purchase discounts for the Company’s chosen credit grade in the economic environment. This market is highly liquid as the Company acquires individual loans on a daily basis from dealers.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The initial terms of the Contracts range from 12 to 72 months. The initial terms of the Direct Loans range from 12 to 72 months. If liquidated outside of the normal course of business, the amount received may not be the carrying value.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Based on current market conditions, any new or renewed credit facility would contain pricing that approximates the Company’s current Line. Based on these market conditions, the fair value of the Line as of March 31, 2017 was estimated to be equal to the book value. The interest rate for the Line is a variable rate based on LIBOR pricing options.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="10"><b>Fair Value Measurement Using<br />(In thousands)</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 39.5pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Description</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fair<br />Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Carrying<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Cash:</p>
</td>
<td valign="bottom">  </td>
<td
valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,855</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,855</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,855</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,849</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,849</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,849</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Finance receivables:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>317,205</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>317,205</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>317,205</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">311,837</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">311,837</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">311,837</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Line of credit:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td
valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>213,000</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>213,000</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>213,000</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">211,000</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">211,000</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">211,000</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 18pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><u>Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis</u></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company may be required, from time to time, to measure certain assets and liabilities at fair value on a nonrecurring basis. The Company did not have any assets or liabilities measured at fair value on a nonrecurring basis as of March 31, 2017 and 2016.</div>
</div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>8. Income Taxes</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The provision for income taxes consists of the following for the years ended March 31:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="74%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Current:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>4,563</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6,964</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,688</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>724</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,054</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,196</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 5em; font-size: 10pt;">Total current</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5,287</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,018</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,884</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Deferred:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(1,688</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(254</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">308</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(268</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(38</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">48</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 5em; font-size: 10pt;">Total deferred</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(1,956</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(292</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">356</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,331</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,726</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,240</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes are reflected in deferred income taxes. Significant components of the Company’s deferred tax assets consist of the following as of March 31:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="82%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Allowance for credit losses not currently deductible for tax purposes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>7,742</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,918</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Share-based compensation</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>487</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">491</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest rate swap agreements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(6</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">78</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Other items</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>282</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">128</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Deferred income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>8,505</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6,615</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The provision for income taxes reflects an effective U.S tax rate, which differs from the corporate tax rate for the following reasons:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="77%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for income taxes at Federal statutory rate</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,059</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,037</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,134</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Increase (decrease) resulting from:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">State income taxes, net of Federal benefit</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>297</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">660</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">809</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Transaction costs</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(734</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Other</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(25</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">29</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">31</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,331</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,726</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,240</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s effective tax rate decreased to 38.11% in fiscal 2017 from 38.43% in fiscal 2016. The effective rate was 35.41% in fiscal 2015. The Company had approximately $2.1 million of previously <font style="white-space: nowrap;">non-deductible</font> expenses associated with the potential sale of the Company in 2014. Since the sale of the Company was not consummated, the $2.1 million became deductible in 2015 creating a favorable effective tax rate.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>9. Share-Based Payments</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has share awards outstanding under two share-based compensation plans (the “Equity Plans”). The Company believes that such awards generally align the interests of its employees with those of its shareholders. Under the shareholder-approved 2006 Equity Incentive Plan (the “2006 Plan”) the Board of Directors was authorized to grant option awards for up to approximately 1.1 million common shares. On August 13, 2015, the Company’s shareholders approved the Nicholas Financial, Inc. Omnibus Incentive Plan (the “2015 Plan”) for employees and <font style="white-space: nowrap;">non-employee</font> directors. Under the 2015 Plan, the Board of Directors is authorized to grant total share awards for up to 750,000 common shares. Awards under the 2006 Plan will continue to be governed by the terms of that plan. The 2015 Plan replaced the 2006 Plan; accordingly, no additional option awards may be granted under the 2006 Plan. In addition to option awards, the 2015 Plan provides for restricted stock, restricted stock units, performance shares, performance units, and other equity-based compensation.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Option awards previously granted to employees and directors under the 2006 Plan generally vest ratably based on service over a five- and three-year period, respectively, and generally have a contractual term of ten years. Vesting and contractual terms for option awards under the 2015 Plan are essentially the same as those of the 2006 Plan. Restricted stock awards generally cliff vest over a three-year period based on service conditions. Vesting of performance units generally does not commence until the attainment of Company-wide performance goals including annual revenue growth and operating income targets. There are no post-vesting restrictions for share awards.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company funds share awards from authorized but unissued shares and does not purchase shares to fulfill its obligations under the Equity Plans. Cash dividends, if any, are not paid on unvested performance units or unexercised options, but are paid on unvested restricted stock awards.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The fair value of each option granted was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="82%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Risk-free interest rate</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.58</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.68</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average expected original term</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5 years</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5 years</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Expected volatility</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">23</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">23</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Expected dividend yield</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.00</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.65</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company did not grant any options during the year ended March 31, 2017.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">A summary of option activity under the Equity Plans as of March 31, 2017, and changes during the year are presented below.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="67%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="14"><b>(Shares and Aggregate Intrinsic Value in thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 27.05pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Options</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Exercise<br />Price</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Aggregate<br />Intrinsic<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Outstanding at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">357</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.07</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Granted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Exercised</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(9</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5.76</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(15</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12.36</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Outstanding at March 31, 2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">333</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.08</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.75</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">663</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Exercisable at March 31, 2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">244</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">8.78</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.79</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">663</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company did not grant options during the year ended March 31, 2017. The total intrinsic value of options exercised during the years ended March 31, 2017, 2016 and 2015 was approximately $46,500, $82,000, and $1,829,000 respectively.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">During the fiscal year ended March 31, 2017, approximately 9,000 options were exercised at exercise prices ranging from $1.20 to $8.21 per share. During the same period, approximately 15,000 options were forfeited at exercise prices ranging from $11.44 to $12.97 per share.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 18pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  </p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash received from options exercised during the fiscal years ended March 31, 2017, 2016 and 2015 totaled approximately $50,000, $85,000, and $389,000, respectively. As of March 31, 2017, there was approximately $137,500 of total unrecognized compensation cost related to options granted. That cost is expected to be recognized over a weighted-average period of approximately 2.6 years.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">A summary of the status of the Company’s <font style="white-space: nowrap;">non-vested</font> restricted shares under the Equity Plan as of March 31, 2017, and changes during the year then ended is presented below.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="63%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="14"><b>(Shares and Aggregate Intrinsic Value in thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 85.75pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Restricted Share Awards</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Grant Date<br />Fair Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Aggregate<br />Intrinsic<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-vested</font> at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">82</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">13.78</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Granted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">48</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.78</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Vested</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(40</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">14.37</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-vested</font> at March 31, 2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">90</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11.95</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.83</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">952</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company awarded approximately 48,000 restricted shares during the fiscal year ended March 31, 2017. The Company granted performance units which, if the employees had reached the maximum performance level, would have awarded approximately 18,000 restricted share awards. Included within the 48,000 restricted shares granted are approximately 10,000 shares that resulted from the Company meeting a performance threshold, which is noted in the Executive Compensation Plan. During the same period, no restricted shares were forfeited.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of March 31, 2017, there was approximately $645,000 of total unrecognized compensation cost related to <font style="white-space: nowrap;">non-vested</font> restricted share awards granted under the Equity Plans. That cost is expected to be recognized over a weighted-average period of approximately 1.80 years.</p>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>10. Employee Benefit Plan</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has a 401(k)-retirement plan under which all employees are eligible to participate. Employee contributions are voluntary and subject to Internal Revenue Service limitations. The Company did not make a discretionary matching employee contribution. The Board will <font style="white-space: nowrap;">re-evaluate</font> the Company’s matching policy for plan year 2018 later in 2017. For the fiscal years ended March 31, 2017, 2016 and 2015, the Company recorded expenses of approximately $7,000 each year related to this plan.</div>
</div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>11. Commitments and Contingencies</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company leases corporate and branch offices under operating lease agreements which provide for annual minimum rental payments as follows:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 68%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="84%"></td>
<td valign="bottom" width="11%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 100.85pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Fiscal Year Ending March 31</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="2"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2018</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,023</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2019</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,557</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2020</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">756</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2021</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">75</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">4,411</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Rent expense for the fiscal years ended March 31, 2017, 2016, and 2015 was approximately $2.4, $2.3, and $2.1 million respectively. The Company recognizes rent expense on a straight-line basis over the term of the lease, taking into account, when applicable, lessor incentives for tenant improvements, periods where no rent payment is required and escalations in rent payments over the term of the lease.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  </p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company currently is not a party to any pending legal proceedings other than ordinary routine litigation incidental to its business, none of which, if decided adversely to the Company, would, in the opinion of management, have a material adverse effect on the Company’s financial condition or results of operations.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>12. Quarterly Results of Operations (Unaudited)</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="68%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2017<br />(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>First<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Second<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Third<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fourth<br />Quarter</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,915</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,647</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,044</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,860</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,244</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,243</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,258</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,477</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>7,026</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,144</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,796</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>13,211</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-interest</font> expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,939</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>9,102</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,403</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,883</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>4,706</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">   </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>3,158</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">   </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,587</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">    </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(1,711</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">    </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,803</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,188</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>981</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(641</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,903</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,970</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,606</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(1,070</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Earnings per share:</p>
</td>
<td valign="bottom">    </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.37</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.25</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.21</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(0.14</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.37</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.25</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.21</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(0.14</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="16"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2016<br />(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>First<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Second<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Third<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fourth<br />Quarter</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">22,025</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">22,687</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">22,757</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">23,238</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest expense</p>
</td>
<td valign="bottom">   </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,166</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,273</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,311</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,257</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for credit losses</p>
</td>
<td valign="bottom">   </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,989</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,177</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,599</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,513</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-interest</font> expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,915</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,940</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,422</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">9,040</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,955</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">   </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,297</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">   </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,425</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">   </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,428</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,285</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,041</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,698</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,702</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,670</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,256</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,727</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,726</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Earnings per share:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.48</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.43</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.36</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.47</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.42</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Consolidation</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements include the accounts of Nicholas Financial – Canada and its wholly owned subsidiaries, NDS and NFI, collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Tender Offer</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">On March 19, 2015, the Company announced the final results of the modified “Dutch auction” tender offer for the purchase of approximately 4.7 million shares of the Company’s common shares by its principal operating subsidiary. The tender offer expired on March 13, 2015. Total payments for common shares, including costs were approximately $70.5 million. Such costs were recorded as an increase to treasury stock, reducing shareholders’ equity.</p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The aggregate number of common shares purchased in the tender offer by NFI represented approximately 38.0% of the Company’s outstanding common shares as of March 17, 2015. Following settlement of the tender offer, the Company had approximately 7.7 million common shares outstanding.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Use of Estimates</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses on finance receivables.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Finance Receivables</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts (see “Revenue Recognition”) and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2017 and March 31, 2016 are approximately $195.5 and $186.3 million, respectively (See Note 3).</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Allowance for Credit Losses</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The allowance for credit losses is increased by charges against earnings and decreased by charge-offs (net of recoveries). The Company aggregates Contracts into static pools consisting of Contracts purchased during a three-month period for each branch location as management considers these pools to have similar risk characteristics and are considered smaller-balance homogenous loans. The Company analyzes each consolidated static pool at specific points in time to estimate losses that are probable of being incurred as of the reporting date. It has maintained historical <font style="white-space: nowrap;">write-off</font> information for over 10 years with respect to every consolidated static pool and segregates each static pool by liquidation which creates snapshots or buckets of each pool’s historical <font style="white-space: nowrap;"><font style="white-space: nowrap;">write-off-to</font></font> liquidation ratio at five different points in each vintage pool’s liquidation cycle. These snapshots are then used to assist in determining the allowance for credit losses. The five snapshots are tracked at liquidation levels of 20%, 40%, 60%, 80% and 100%. These snapshots help us in determining the appropriate allowance for credit losses.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of March 31, 2016, the Company refined the allowance for credit losses by changing it to a loan by loan analysis, which more closely depicts the amount of the allowance for credit losses needed to maintain an adequate reserve. As of March 31, 2017, the Company further refined the reserve for losses by increasing the allowance by 50% of the principal balance, with respect to accounts whose contractual delinquency falls into the range of <font style="white-space: nowrap;">120-180</font> days past due as a result of further delinquencies that occurred subsequent to altering our <font style="white-space: nowrap;">charge-off</font> policy (see Note 3).</p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Management’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral, and current economic conditions. As conditions change, the Company’s level of provisioning and allowance may change as well.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Assets Held for Resale</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Assets held for resale are stated at net realizable value and consist primarily of automobiles that have been repossessed by the Company and are awaiting final disposition. Most costs associated with repossession, transport and auction preparation expenses are reported under operating expenses in the period in which they are incurred.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Property and Equipment</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the assets as follows:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 68%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="23%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">3 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">5 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">7 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">Lesser of lease term or useful life (generally 6 -7 years)</td>
</tr>
</table>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Drafts Payable</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Drafts payable represent checks disbursed for loan purchases which have not yet been funded. Amounts generally clear within two business days of period end and then increase the line of credit or reduce cash.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Income Taxes</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases along with operating loss and tax credit carryforwards, if any. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company recognizes tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from any such position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. It is the Company’s policy to recognize interest and penalties accrued on any uncertain tax benefits as a component of income tax expense. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits, nor has the Company recognized any related interest or penalties during the three years ended March 31, 2017.</p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company is no longer subject to U.S. federal and state tax examinations for fiscal years before 2014. The Company does not believe there will be any material changes in its unrecognized tax positions over the next 12 months. There were no unrecognized tax positions as of March 31, 2017.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Revenue Recognition</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest income on finance receivables is recognized using the interest method. Accrual of interest income on finance receivables is suspended when a loan is contractually delinquent for 61 days or more or the collateral is repossessed, whichever is earlier, or when the account is in Chapter 13 bankruptcy. Chapter 13 bankruptcy accounts are accounted for under the cost-recovery method. Interest income on Chapter 13 bankruptcy accounts does not resume until all principal amounts are recovered (see Note 3).</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">A dealer discount represents the difference between the finance receivable, net of unearned interest, of a Contract, and the amount of money the Company actually pays for the Contract. The discount negotiated by the Company is a function of the lender, the wholesale value of the vehicle, and competition in any given market. In making decisions regarding the purchase of a particular Contract, the Company considers the following factors related to the borrower: place and length of residence; current and prior job status; history in making installment payments for automobiles; current income; and credit history. In addition, the Company examines its prior experience with Contracts purchased from the dealer from which the Company is purchasing the Contract, and the value of the automobile in relation to the purchase price and the term of the Contract. The dealer discount is amortized as an adjustment to yield using the interest method over the life of the loan. The average dealer discount, as a percent of the amount financed, associated with new volume for the fiscal years ended March 31, 2017, 2016, and 2015 was 7.08%, 7.51% and 8.08%, respectively.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The amount of future unearned income is computed as the product of the Contract rate, the Contract term and the Contract amount.</p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred revenues consist primarily of commissions received from the sale of ancillary products. These products include automobile warranties, roadside assistance programs, accident and health insurance, credit life insurance, involuntary unemployment insurance, and forced placed automobile insurance. These commissions are amortized over the life of the contract using the interest method.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Earnings Per Share</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has granted stock compensation awards with nonforfeitable dividend rights which are considered participating securities. Earnings per share is calculated using the <font style="white-space: nowrap;">two-class</font> method, as such awards are more dilutive under this method than the treasury stock method. Basic earnings per share is calculated by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period, which excludes the participating securities. Diluted earnings per share includes the dilutive effect of additional potential common shares from stock compensation awards. Earnings per share have been computed based on the following weighted average number of common shares outstanding:</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 12pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </p>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="75%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="10"><b>Fiscal Year ended March 31,</b><br /><b>(In thousands, except earnings per</b><br /><b>share numbers)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income per consolidated statements of income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,409</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,379</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Less: Allocation of earnings to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(70</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(170</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px
solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Basic earnings per share computation:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average common shares outstanding, including shares considered participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,766</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,727</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Less: Weighted average participating securities outstanding</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(102</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(105</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em;
font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average shares of common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,664</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,622</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>.70</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.60</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.40</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Diluted earnings per share computation:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Undistributed earnings <font style="white-space: nowrap;">re-allocated</font> to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Numerator for diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td
align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,211</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average common shares outstanding for basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,664</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,622</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Incremental shares from stock options</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>62</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">70</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">179</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average shares and dilutive potential common shares</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,726</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,692</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,192</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>.69</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.59</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.38</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Diluted earnings per share do not include the effect of certain stock options as
their impact would be anti-dilutive. Approximately 161,000, 161,000, and 155,000 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2017, 2016 and 2015 respectively, because their effect would have been anti-dilutive.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Share-Based Payments</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively, the vesting period), net of estimated forfeitures. The Company estimates the fair value of option awards using the Black-Scholes option pricing model. The risk-free interest rate is based upon a U.S. Treasury instrument with a life that is similar to the expected term of the options. Expected volatility is based upon the historical volatility for the previous period equal to the expected term of the options. The expected term is based upon the average life of previously issued options. The expected dividend yield is based upon the yield expected on date of grant to occur over the term of the option.</p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The fair value of <font style="white-space: nowrap;">non-vested</font> restricted shares and performance units are measured at the market price of a share on a grant date. Restricted shares have a three-year service period. Performance units include a performance period (generally ending at the end of the fiscal year in which the units were granted) followed by a <font style="white-space: nowrap;">two-year</font> service period. At the end of the performance period, these units effectively become restricted shares for the remaining <font style="white-space: nowrap;">two-year</font> service period at which time they become vested. <font style="font-family: times new roman,times;" size="2">The pool of excess tax benefits available to absorb future tax deficiencies is based on increases to shareholders’ equity related to tax benefits from share-based compensation, combined with the tax on the cumulative incremental compensation costs previously included in pro forma net income disclosures as if the Company had applied the fair-value method to all awards.</font></div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Fair Value Measurements</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company measures specific assets and liabilities at fair value, which is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When applicable, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability under a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions (see Note 7).</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Financial Instruments and Concentrations</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s financial instruments consist of cash, finance receivables (accrued interest is a part of finance receivables), a line of credit, and interest rate swap agreements. Financial instruments that are exposed to concentrations of credit risk are primarily finance receivables and cash.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of March 31, 2017, the Company operated in eighteen states through sixty-five branch locations. Florida represented 28% of the finance receivables total as of March 31, 2017. Ohio represented 13%, Georgia represented 10% and North Carolina represented 8% of the finance receivables total as of March 31, 2017. Of the remaining fourteen states, no one state represented more than 5% of the total finance receivables. The Company provides credit during the normal course of business and performs ongoing credit evaluations of its customers.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company maintains reserves for potential credit losses which, when realized, have been within the range of management’s expectations. The Company perfects a primary security interest in all vehicles financed as a form of collateral.</p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The combined account balances the Company maintains at financial institutions typically exceed federally insured limits, and there is a concentration of credit risk related to accounts on deposit in excess of federally insured limits. The Company has not experienced any losses in such accounts and believes this risk of loss is not significant.</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Interest Rate Swap Agreements</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest rate swap agreements are reported as either assets or liabilities in the consolidated balance sheet at fair value. Interest rate swap agreements are not designated as cash-flow hedges, and accordingly, the changes in the fair value are recorded in earnings. The Company does not use interest rate swap agreements for speculative purposes (see Note 6).</div>
</div>
<div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Statements of Cash Flows</b></p>
<div style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash paid for income taxes for the years ended March 31, 2017, 2016 and 2015 was approximately $5.4 million, $8.5 million and $7.3 million respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2017, 2016 and 2015 was approximately $9.1 million, $8.8 million and $6.1 million respectively.</div>
</div>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Recent Accounting Pronouncements</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In August 2016, the Financial Accounting Standards Board (“FASB”) issued the Accounting Standards Update (“ASU”) <font style="white-space: nowrap;">2016-15</font> Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payment. The new guidance focuses on making the Statement of Cash Flows more uniform for companies. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of the adoption of this ASU on the consolidated financial statements, and is in the process of analyzing its current presentation of the Consolidated Statements of Cash Flows. At this time, the Company does not believe ASU <font style="white-space: nowrap;">2016-15</font> will have a material impact.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In June 2016, the FASB issued the ASU <font style="white-space: nowrap;">2016-13</font> Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Among other things, the amendments in this ASU require the measurement of all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. The ASU also requires additional disclosures related to estimates and judgments used to measure all expected credit losses. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact of the adoption of this ASU on the consolidated financial statements, and is collecting and analyzing data that will be needed to produce historical inputs into any models created as a result of adopting this ASU. At this time, we believe the adoption of this ASU will likely have a material adverse effect on our consolidated Financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In March 2016, the FASB issued the ASU <font style="white-space: nowrap;">2016-09,</font> “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which is intended to simplify several aspects of the accounting for share-</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities,</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">and classification on the statement of cash flows. For public entities, ASU <font style="white-space: nowrap;">2016-09</font> is effective for annual periods</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The Company continues to evaluate the impact of the adoption of this ASU on the consolidated financial statements and at this time does not believe there will be a material impact on the consolidated financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In February 2016, the FASB issued ASU <font style="white-space: nowrap;">No. 2016-02,</font> “Leases”, intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">manufacturing equipment. “The ASU will require organizations that lease assets—referred to as “lessees”—to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The accounting by organizations that own the assets leased by the lessee—also known as lessor accounting— will remain largely unchanged</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">from current U.S. GAAP. ASU <font style="white-space: nowrap;">2016-02</font> is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. Upon adoption, the Company will add the impact of the full operating lease terms, using the present value of future minimum lease payments to the balance sheet. The Company will continue to evaluate the impact of the adoption of this ASU on the consolidated financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In January 2016, the FASB issued ASU <font style="white-space: nowrap;">No. 2016-01,</font> “Financial Instruments—Recognition and Measurement of Financial Assets and Liabilities,” which is intended to improve the recognition and measurement of financial instruments by requiring: equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU permits early adoption of the instrument-specific credit risk provision. While the Company is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements, the Company does not believe it will have a material impact on the consolidated financial statements.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In May 2014, the FASB issued ASU <font style="white-space: nowrap;">No. 2014-09,</font> “Revenue from Contracts with Customers (Topic 606)”. The ASU requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU, and all subsequently issued clarifying ASUs, will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The standard permits the use of either the retrospective or cumulative effect transition method. On July 9, 2015, the FASB approved the deferral of the effective date of ASU <font style="white-space: nowrap;">2014-09</font> by one year. As a result, ASU <font style="white-space: nowrap;">2014-09</font> will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The ASU would permit public entities to adopt the ASU early, but not before the original effective date (i.e., annual periods beginning after December 15, 2016). Because ASU <font style="white-space: nowrap;">2014-09</font> does not apply to revenue associated with financial instruments, the Company does not expect the new guidance to have a material impact on the consolidated financial statements. The Company has begun to scope its general ledger revenue items to identify potential performance obligations and will continue to evaluate the impact of adoption on its consolidated financial statements and disclosures.</p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 12pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company does not believe there are any other recently issued accounting standards that have not yet been adopted that will have a material impact on the Company’s consolidated financial statements.</p>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 68%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="23%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">3 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">5 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">7 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">Lesser of lease term or useful life (generally 6 -7 years)</td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="75%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="10"><b>Fiscal Year ended March 31,</b><br /><b>(In thousands, except earnings per</b><br /><b>share numbers)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income per consolidated statements of income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,409</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,379</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Less: Allocation of earnings to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(70</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(170</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Basic earnings per share computation:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td
valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average common shares outstanding, including shares considered participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,766</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,727</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Less: Weighted average participating securities outstanding</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(102</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(105</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average shares of common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,664</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,622</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>.70</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.60</td>
<td
valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.40</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>Diluted earnings per share computation:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,209</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Undistributed earnings <font style="white-space: nowrap;">re-allocated</font> to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Numerator for diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>5,339</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,211</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average common shares outstanding for basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,664</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,622</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Incremental shares from stock options</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>62</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">70</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">179</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average shares and dilutive potential common shares</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b></b> </td>
<td align="right" valign="bottom"><b>7,726</b></td>
<td valign="bottom" nowrap="nowrap"><b></b> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,692</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,192</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>.69</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.59</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.38</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="67%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Indirect finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>502,050</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">487,118</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">447,043</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(158,541</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(152,911</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(136,896</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Indirect finance receivables, net of unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>343,509</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">334,207</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">310,147</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Unearned dealer discounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(17,004</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(18,023</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(17,780</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Indirect finance receivables, net of unearned interest and unearned dealer discounts</p>
</td>
<td
valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>326,505</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">316,184</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">292,367</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Allowance for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(16,885</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(12,265</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(11,325</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Indirect finance receivables, net</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>309,620</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">303,919</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">281,042</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="73%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Direct finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,670</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,012</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,932</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(2,312</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(2,346</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(2,367</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Direct finance receivables, net of unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,358</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,666</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,565</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Allowance for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(773</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(748</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(703</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Direct finance receivables, net</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right"
valign="bottom"><b>7,585</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,918</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,862</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="70%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Balance at beginning of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,265</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,325</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,889</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>36,843</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">25,926</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">20,008</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Losses absorbed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(34,419</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(27,963</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(25,042</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Recoveries</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,196</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,977</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3,470</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Balance at end of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>16,885</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,265</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,325</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px
double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="79%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Balance at beginning of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>748</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">703</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">590</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>334</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">352</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">362</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Losses absorbed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(338</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(328</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(277</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Recoveries</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>29</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">21</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">28</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Balance at end of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>773</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">748</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">703</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="width: 100%; border-collapse: collapse; font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="63%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="18"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 33.75pt; font-family: times new roman; margin-bottom: 0pt; font-size: 8pt;"><b>Contracts</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Gross Balance<br />Outstanding</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>31 – <br />60 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>61 – <br />90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Over<br />90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Total</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: times new roman; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>498,031</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>25,450</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,388</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,197</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>50,035</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5.11</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2.49</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2.45</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>10.05</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: times new roman; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">482,864</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">17,466</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6,069</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,366</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">26,901</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.61</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.26</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.70</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5.57</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: times new roman; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">443,083</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">13,694</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,435</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right"
valign="bottom">1,330</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">18,459</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.09</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.78</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.30</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.17</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
</div>
<div>
<table align="center" style="width: 100%; border-collapse: collapse; font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0">
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 44.2pt; font-family: times new roman; margin-bottom: 0pt; font-size: 8pt;"><b>Direct Loans</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Gross Balance<br />Outstanding</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>31 – <br />60 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>61 – <br />90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Over<br />90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Total</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: times new roman; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,628</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>191</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>67</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>155</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>413</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1.80</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.63</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1.46</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>3.89</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: times new roman; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,978</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">161</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">41</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">38</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">240</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.47</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.37</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2.19</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: times new roman; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,912</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">122</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">42</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">15</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">179</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td
valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.12</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.38</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.14</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.64</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="70%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Cost</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Accumulated<br />Depreciation</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Net Book<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<div style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Automobiles </div>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>712</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>459</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">   </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>253</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<div style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Equipment </div>
</td>
<td valign="bottom">    </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,476</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">   </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>851</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>625</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>546</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>427</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>119</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Leasehold improvements</p>
</td>
<td valign="bottom">   </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,194</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,007</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>187</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,928</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,744</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,184</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><b>2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<div style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Automobiles </div>
</td>
<td valign="bottom">   </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">623</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">   </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">413</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">   </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">210</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<div style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Equipment </div>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,473</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">664</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">809</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Furniture and fixtures</p>
</td>
<td valign="bottom">   </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">512</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">408</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">104</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,144</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">977</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">167</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,752</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,462</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,290</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="83%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Periodic change in fair value of interest rate swap agreements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>222</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(24</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Periodic settlement differentials included in interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(179</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(343</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Gain (loss) recognized in income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>43</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(367</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="87%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Average variable rate received</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.58</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.26</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Average fixed rate paid</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.94</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.94</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="74%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="14"><b>Fair Value Measurement Using<br />(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 39.5pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Description</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fair<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest rate swap agreements:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017 – asset:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>17</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>17</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016 – liability:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(205</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(205</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="10"><b>Fair Value Measurement Using<br />(In thousands)</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 39.5pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Description</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fair<br />Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Carrying<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Cash:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,855</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,855</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,855</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,849</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,849</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,849</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Finance receivables:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td
valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>317,205</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>317,205</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>317,205</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">311,837</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">311,837</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">311,837</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Line of credit:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;"><b>March 31, 2017</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>213,000</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>213,000</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>213,000</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">211,000</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">211,000</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">211,000</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
</table>
</div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="74%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Current:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>4,563</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6,964</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,688</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>724</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,054</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,196</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 5em; font-size: 10pt;">Total current</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5,287</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,018</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,884</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Deferred:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(1,688</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(254</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">308</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(268</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(38</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">48</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 5em; font-size: 10pt;">Total deferred</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(1,956</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(292</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">356</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,331</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,726</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,240</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="82%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Allowance for credit losses not currently deductible for tax purposes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>7,742</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,918</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Share-based compensation</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>487</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">491</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest rate swap agreements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(6</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">78</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Other items</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>282</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">128</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Deferred income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>8,505</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6,615</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 84%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="77%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="10"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for income taxes at Federal statutory rate</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,059</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,037</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,134</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Increase (decrease) resulting from:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">State income taxes, net of Federal benefit</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>297</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">660</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">809</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Transaction costs</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(734</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Other</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(25</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">29</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">31</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,331</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,726</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,240</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 76%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="82%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Risk-free interest rate</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.58</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.68</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Weighted average expected original term</p>
</td>
<td valign="bottom">        </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5 years</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5 years</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Expected volatility</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">23</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">23</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Expected dividend yield</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.00</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.65</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="67%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="14"><b>(Shares and Aggregate Intrinsic Value in thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 27.05pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Options</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Exercise<br />Price</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Aggregate<br />Intrinsic<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Outstanding at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">357</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.07</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Granted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Exercised</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(9</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5.76</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(15</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12.36</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Outstanding at March 31, 2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">333</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.08</td>
<td valign="bottom"
nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.75</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">663</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Exercisable at March 31, 2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">244</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">8.78</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.79</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">663</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="63%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="14"><b>(Shares and Aggregate Intrinsic Value in thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 85.75pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Restricted Share Awards</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Grant Date<br />Fair Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Aggregate<br />Intrinsic<br />Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-vested</font> at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">82</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">13.78</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Granted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">48</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.78</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Vested</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(40</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">14.37</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-vested</font> at March 31, 2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">90</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td
valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11.95</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.83</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">952</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 68%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="84%"></td>
<td valign="bottom" width="11%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom: #000000 1pt solid; margin-top: 0pt; width: 100.85pt; font-family: 'times new roman'; margin-bottom: 0pt; font-size: 8pt;"><b>Fiscal Year Ending March 31</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="2"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2018</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,023</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2019</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,557</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2020</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">756</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">2021</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">75</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">4,411</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="68%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2017<br />(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>First<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Second<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Third<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fourth<br />Quarter</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,915</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,647</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,044</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,860</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,244</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,243</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,258</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,477</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>7,026</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,144</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,796</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>13,211</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-interest</font> expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,939</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>9,102</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,403</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,883</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>4,706</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>3,158</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,587</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(1,711</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,803</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,188</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>981</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(641</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,903</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,970</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,606</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(1,070</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Earnings per share:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.37</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td
valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.25</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.21</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(0.14</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.37</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.25</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.21</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(0.14</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="16"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2016<br />(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>First<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Second<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Third<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Fourth<br />Quarter</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">22,025</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">22,687</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">22,757</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">23,238</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,166</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,273</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,311</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td
valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,257</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,989</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,177</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,599</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,513</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-interest</font> expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,915</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,940</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,422</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">9,040</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,955</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,297</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,425</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,428</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,285</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,041</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,698</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,702</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,670</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,256</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td
valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,727</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,726</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Earnings per share:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.48</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.43</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.36</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 3em; font-size: 10pt;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.47</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.42</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
1
3 years
5 years
7 years
Lesser of lease term or useful life (generally 6 -7 years)
170000
70000
16856000
12209000
5339000
12013000
7727000
7766000
-105000
-102000
12013000
7622000
7664000
2000
179000
70000
62000
12192000
7692000
7726000
4700000
0.380
186300000
195500000
0.0808
0.0751
0.0708
7300000
8500000
5400000
6100000
8800000
9100000
155000
161000
161000
0.28
0.13
0.10
0.08
Of the remaining fourteen states, no one state represented more than 5% of the total finance receivables.
18
65
447043000
10932000
487118000
11012000
502050000
10670000
136896000
2367000
152911000
2346000
158541000
2312000
310147000
334207000
343509000
17780000
18023000
17004000
292367000
316184000
326505000
11325000
703000
12265000
748000
16885000
773000
12889000
590000
25042000
277000
27963000
328000
34419000
338000
3470000
28000
2977000
21000
2196000
29000
443083000
10912000
482864000
10978000
473429000
9435000
10899000
79000
498031000
10628000
473446000
24585000
10406000
222000
487118000
11012000
4254000
34000
502050000
10670000
4019000
42000
18459000
179000
13694000
3435000
1330000
122000
42000
15000
26901000
240000
17466000
6069000
3366000
161000
41000
38000
50035000
413000
25450000
12388000
12197000
191000
67000
155000
0.0417
0.0164
0.0557
0.0219
0.1005
0.0389
P72M
P12M
0.2267
0.2572
0.2237
0.2562
0.02
P61D
P61D
P180D
3752000
623000
1473000
512000
1144000
3928000
712000
1476000
546000
1194000
2462000
413000
664000
408000
977000
2744000
459000
851000
427000
1007000
225000000
0.0300
0.035
30 day LIBOR
30 day LIBOR
0.0400
0.0450
343000
179000
-367000
43000
0.0026
0.0058
0.01
0.0087
0.0094
0.0094
2
P5Y
P5Y
1-month LIBOR
1-month LIBOR
25000000
25000000
1849000
1849000
1849000
2855000
2855000
2855000
311837000
311837000
311837000
317205000
317205000
317205000
211000000
211000000
211000000
213000000
213000000
213000000
P72M
P12M
P72M
P12M
7688000
6964000
4563000
1196000
1054000
724000
8884000
8018000
5287000
308000
-254000
-1688000
48000
-38000
-268000
5918000
7742000
491000
487000
78000
-6000
128000
282000
9134000
7037000
3059000
809000
660000
297000
-734000
31000
29000
-25000
0.3541
0.3843
0.3811
2100000
2100000
0.0168
0.0158
P5Y
P5Y
0.23
0.23
0.0365
0.00
333000
357000
15000
15000
244000
10.08
10.07
5.76
12.36
8.78
P4Y9M
P10Y
P3Y9M15D
663000
663000
90000
82000
48000
48000
40000
11.95
13.78
10.78
14.37
P1Y9M29D
952000
2
750000
1100000
P3Y
P3Y
P5Y
Black-Scholes option-pricing model
1829000
82000
46500
1.20
8.21
11.44
12.97
137500
645000
P2Y7M6D
P1Y9M18D
7000
7000
7000
2023000
1557000
756000
75000
4411000
2100000
2300000
2400000
22025000
22687000
22757000
23238000
22915000
22647000
22044000
22860000
8915000
8940000
8422000
9040000
8939000
9102000
8403000
8883000
18000
10000
17000
17000
350000
P10Y
0.01
0.01
350000
17000
350000
16856000
12211000
5339000
-1266000
-1662000
-1662000
-1754000
-1754000
8565000
8666000
8358000
0.20
0.40
0.60
0.80
1.00
0.50
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 0pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><b>Reclassifications</b></p>
<p style="widows: 2; text-transform: none; font-style: normal; margin-top: 6pt; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0pt; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company made certain reclassifications to the 2016 and 2015 statements of cash flows. The amortization of deferred revenues decreased cash flows from operating activities by $1.7 million and $1.3 million for 2016 and 2015 respectively and correspondingly increased cash flows from investing activities. Net income and shareholders’ equity was not changed.</p>
0.25
<div>
<table align="center" style="widows: 2; text-transform: none; text-indent: 0px; width: 92%; border-collapse: collapse; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="66%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="14"><b>(In thousands)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="6"><b>2017</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="6"><b>2016</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt; break-inside: avoid;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Contracts</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Direct<br />Loans</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Contracts</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom: #000000 1pt solid;" valign="bottom" colspan="2"><b>Direct<br />Loans</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Performing accounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>473,446</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,406</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">473,429</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,899</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;"><font style="white-space: nowrap;">Non-performing</font> accounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>24,585</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>222</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">9,435</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">79</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Total</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>498,031</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,628</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">482,864</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,978</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;">
<td valign="top">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Chapter 13 bankruptcy accounts, net of unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>4,019</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td
align="right" valign="bottom"><b>42</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,254</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">34</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 1px solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt; break-inside: avoid;" bgcolor="#cceeff">
<td valign="bottom">
<p style="margin-top: 0pt; text-indent: -1em; font-family: 'times new roman'; margin-bottom: 0pt; margin-left: 1em; font-size: 10pt;">Finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>502,050</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,670</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">487,118</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,012</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top: #000000 3px double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
11000
607000
11000
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