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<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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. NDS’s activities accounted for less than 1% of the Company’s consolidated revenues for each of the fiscal years ended March 31, 2015 and 2014. 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company has one reportable segment, which is the consumer finance company.</div>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>2. Summary of Significant Accounting Policies</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Consolidation</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Dividends</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following cash dividends were declared during fiscal year ended March 31, 2014. No dividends were declared during the fiscal years ended March 31, 2015 and 2016.</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
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<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2014</p>
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<td align="center" valign="bottom">May 7, 2013</td>
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<td align="center" valign="bottom">June 21, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">June 28, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">August 13, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 20, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 27, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.24</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px;
border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Payment of cash dividends results in a 5% withholding tax payable by the Company under the Canada-United States Income Tax Convention which is included in earnings under the caption of administrative expenses.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Tender Offer</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The aggregate number of common shares purchased in the tender offer by Nicholas 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Use of Estimates</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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 and the fair value of interest rate swap agreements.</p>
<div style="font: /normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px; break-before: page;"> </div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Finance Receivables</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2016 and March 31, 2015 are approximately $186.3 and 169.1 million respectively (See Note 3).</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Allowance for Credit Losses</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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. 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>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Assets Held for Resale</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Property and Equipment</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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:</div>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<div style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Automobiles</div>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">3 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<div style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Equipment</div>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">5 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<div style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Furniture and fixtures</div>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">7 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<div style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Leasehold improvements</div>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">Lesser of lease term or useful life<br />(generally 6 - 7 years)</td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Drafts Payable</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Income Taxes</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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.</div>
<div style="font: 8pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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, 2016.</div>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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 years before 2013. The Company does not believe there will be any material changes in its unrecognized
tax positions over the next 12 months.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Revenue Recognition</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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 60 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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, 2016, 2015, and 2014 was 7.51%, 8.08% and 8.44%, respectively.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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 and forced placed automobile insurance. These commissions are amortized over the life of the contract using the interest method.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company’s net costs for originating Direct Loans are deferred and recognized as an adjustment to the yield and are amortized over the life of the loan using the interest method.</p>
<div style="font: /normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px; break-before: page;"> </div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Earnings Per Share</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company has granted stock compensation awards with nonforfeitable dividend rights which are considered participating securities. As such, earnings per share is calculated using the two-class 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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="72%"></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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><b>Fiscal Year ended March 31,</b><br /><b>(In thousands, except earnings per share numbers)</b></td>
<td
valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>12,379</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>(170</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td
valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,727</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Less: Weighted average participating securities outstanding</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(105</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Weighted average shares of common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>7,622</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman';
font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.60</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.40</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Undistributed earnings re-allocated to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,211</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,622</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td
valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Incremental shares from stock options</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">179</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">229</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,692</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,192</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,325</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.59</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.38</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.36</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Diluted earnings per share do not include the effect of certain stock options as their impact would be anti-dilutive. Approximately 161,000, 155,000, and 10,000 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2016, 2015 and 2014 respectively, because their effect would have been anti-dilutive.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing:
0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Share-Based Payments</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively the vesting period). 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. The fair value of non-vested restricted and performance shares are measured at the market price of a share on a grant date.</div>
<p style="font: 8pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Fair Value Measurements</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Financial Instruments and Concentrations</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company’s financial instruments consist of cash, finance receivables (accrued interest is a part of finance receivables), the 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">As of March 31, 2016, the Company operated in eighteen states through sixty-seven branch locations. Florida represented 29% of the finance receivables total as of March 31, 2016. Ohio represented 14%, Georgia represented 10% and North Carolina represented 8% of the finance receivables total as of March 31, 2016. 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width:
0px;"><b>Interest Rate Swap Agreements</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Statements of Cash Flows</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cash paid for income taxes for the years ended March 31, 2016, 2015 and 2014 was approximately $8.5 million, $7.3 million and $10.8 million respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2016, 2015 and 2014 was approximately $8.8 million, $6.1 million and $5.7 million respectively.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Recent Accounting Pronouncements</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">In March 2016, the Financial Accounting Standards Board (“FASB”) issued the Accounting Standards Update (“ASU”) 2016-09, “<i>Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” </i>which is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public entities, ASU 2016-09 is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The Company is currently evaluating the impact of the adoption of this ASU on the consolidated financial statements.</p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">In February 2016, the FASB issued ASU No. 2016-02, “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 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 from current U.S. GAAP. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements.</div>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">In January 2016, the FASB issued ASU No. 2016-01, “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 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 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. The Company is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the
Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU No. 2015-15, since 2015-03 did not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. The SEC staff indicated they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments is permitted. The Company does not believe the adoption of this ASU will have a significant impact on the consolidated financial statements.</p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">In May 2014, the FASB issued ASU No. 2014-09, “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 2014-09 by one year. As a result, ASU 2014-09 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). The Company has not yet selected a transition method and is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements.</div>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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.</div>
</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>3. Finance Receivables</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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 charges-off receivables when an individual account has become more than 120 days contractually delinquent. In the event of repossession, the charge-off will occur in the month in which the vehicle was repossessed. </p>
<p style="font: 8pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Contracts included in finance receivables are detailed as follows as of fiscal years ended March 31:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="64%"></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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Indirect finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>487,118</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">447,043</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">413,612</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(152,911</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(136,896</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(121,996</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>334,207</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">310,147</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">291,616</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Unearned dealer discounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(18,023</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(17,780</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(17,214</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>316,184</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">292,367</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">274,402</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Allowance for credit losses</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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Indirect finance receivables, net</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>303,919</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">281,042</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">261,513</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The terms of the Contracts range from 12 to 72 months and bear a weighted average contractual interest rate of 22.67% and 22.86% as of March 31, 2016 and 2015, respectively.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at beginning of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>11,325</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,889</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,091</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>25,926</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">20,008</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">14,694</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Losses absorbed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(27,963</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(25,042</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(21,691</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Recoveries</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,977</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3,470</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3,795</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at end 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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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, 2016, the average model year of vehicles collateralizing the portfolio was a 2007 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, management’s estimate of probable credit losses and other factors that warrant recognition in providing for an adequate allowance for credit losses.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Direct Loans are also included in finance receivables and are detailed as follows as of fiscal years ended March 31:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Direct finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>11,012</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,932</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,731</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(2,346</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(2,367</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>
</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>8,666</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,565</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,420</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Allowance for credit losses</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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Direct finance receivables, net</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>7,918</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,862</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,830</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The terms of the Direct Loans range from 12 to 60 months and bear a weighted average contractual interest rate of 25.72% and 26.14% as of March 31, 2016 and 2015, respectively.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="73%"></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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b></b>2015<b></b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b></b>2014<b></b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at beginning of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>703</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">590</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">468</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>352</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">362</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">285</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Losses absorbed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(328</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(277</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(192</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Recoveries</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>21</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">28</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">29</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at end 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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Direct Loans are loans originated directly between the Company and the consumer. These loans are typically for amounts ranging from $1,000 to $9,000 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 significantly 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, 2016, 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.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">A performing account is defined as an account that is less than 61 days past due. A non-performing 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. When an account is 120 days contractually delinquent, the account is written off. 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. 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.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following table is an assessment of the credit quality by creditworthiness as of March 31:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></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>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Contracts</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Direct Loans</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Contracts</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Direct Loans</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Performing accounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>473,429</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,899</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>438,318</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>10,855</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-performing accounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>9,435</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>79</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>4,765</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>57</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Total</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>482,864</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,978</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>443,083</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>10,912</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>4,254</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>34</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>3,960</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>20</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>487,118</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>11,012</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>447,043</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>10,932</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px; break-before: page;"> </p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following tables present certain information regarding the delinquency rates experienced by the Company with respect to Contracts and Direct Loans, excluding any Chapter 13 bankruptcy accounts:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="60%"></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>
<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;">
<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="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 33.75pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Contracts</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>31 – 60 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>61 – 90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Total</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 482,864</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 17,466</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 6,069</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 3,366</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 26,901</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="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>3.61</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>1.26</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>0.70</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>5.57</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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">$</td>
<td align="right" valign="bottom">18,459</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.09</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.78</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.30</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.17</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">March 31, 2014</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">410,532</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,713</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,944</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,897</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,554</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="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">2.85</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.72</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.46</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.03</td>
<td valign="bottom" nowrap="nowrap">% </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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 44.2pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Direct Loans</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>31 – 60 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>61 – 90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Total</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,978</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>161</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>41</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>38</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>240</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1.47</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.37</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.35</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2.19</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</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="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>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">March 31, 2014</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,705</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">143</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">25</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">23</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">191</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="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">1.34</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.23</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.21</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.78</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>4. Property and Equipment</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Property and equipment as of March 31, 2016 and 2015 is summarized as follows:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Cost</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>623</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>413</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>210</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,473</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>664</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>809</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>512</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>408</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>104</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,144</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>977</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>167</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,752</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,462</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>1,290</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><b>2015</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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">613</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">365</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">248</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">906</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">516</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">390</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">486</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">391</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">95</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,103</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">964</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">139</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,108</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,236</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">872</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>5. Line of Credit</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">On January 31, 2015 the Company executed an amendment with its consortium of lenders. Included in the amendment was an increase in the size of the credit facility (the “Line”) from $150.0 million to $225.0 million once the tender offer (see Note 1) became effective which was executed on March 13, 2015. The pricing of the Line, which did not change, expires on January 30, 2018, is 300 basis points above 1-month LIBOR with a 1% floor on LIBOR (4.00% at March 31, 2016 and March 31, 2015) plus an unused line fee of 0.50%. Pledged as collateral for the Line are all of the assets of the Company. The outstanding amount of the Line was $211.0 million and $199.0 million as of March 31, 2016 and March 31, 2015, respectively. The amount available under the Line was $14.0 million and $26.0 million as of March 31, 2016 and March 31, 2015, respectively. The</div>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Line requires compliance with certain financial ratios and covenants and satisfaction of specified financial tests, including maintenance of asset quality and performance tests. Dividends do not require consent in writing by the agent and majority lenders under the new Line as long as the Company is in compliance with a net income covenant. As of March 31, 2016, the Company was in compliance with all debt covenants.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>6. Interest Rate Swap Agreements</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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, 2016 and 2015, no new contracts were initiated and no contracts matured.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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 1-month 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 1-month 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The locations and amounts of losses recognized in income are detailed as follows for the fiscal years ended March 31:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="84%"></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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>(24</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(364</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Periodic settlement differentials included in interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(343</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(393</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Loss recognized in income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(367</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(757</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-color: #000000; border-top-width: 1px; border-top-style:
solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Net realized losses from the interest rate swap agreements were recorded in the interest expense line item of the consolidated statements of income.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Average variable rate received</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.26</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.16</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>7. Fair Value Disclosures</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><u>Assets and Liabilities Recorded at Fair Value on a Recurring Basis</u></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><b>Fair Value Measurement Using</b><br /><b>(In thousands)</b></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 39.5pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Description</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016 – liability:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(205</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(205</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015 – liability:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(181</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</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">(181</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
</table>
<p style="font: /normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px; break-before: page;"><font style="font-family: times new;"
size="2"><u>Financial Instruments Not Measured at Fair Value</u></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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. The initial terms of the Contracts range from 12 to 72 months. The initial terms of the Direct Loans range from 12 to 60 months. In addition, there have been minimal decreases in interest rates and purchase discounts related to these types of loans due to the competitive nature of the current market. If liquidated outside of the normal course of business, the amount received may not be the carrying value.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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, 2016 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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><b>Fair Value Measurement Using</b><br /><b>(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;">
<td valign="bottom"><b>Description</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Fair</b><br /><b>Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Carrying</b><br /><b>Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,849</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,849</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,849</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size:
10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,388</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</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">3,388</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,388</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Finance receivables:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>311,837</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>311,837</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>311,837</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015</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">$</td>
<td align="right" valign="bottom">288,904</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">288,904</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">288,904</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Line of credit:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>211,000</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>211,000</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>211,000</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015</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">199,000</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">199,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">199,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><u>Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis</u></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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, 2016 and 2015.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>8. Income Taxes</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The provision for income taxes consists of the following for the years ended March 31:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>6,931</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,688</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">8,709</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,049</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,196</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,395</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em;">Total current</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>7,980</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,884</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">10,104</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(221</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">308</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(33</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></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">236</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em;">Total deferred</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(254</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">356</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,710</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</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">9,240</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,814</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px; break-before: page;"> </p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>5,918</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,552</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Share-based compensation</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>491</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">514</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Interest rate swap agreements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>78</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">69</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Other items</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>128</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">226</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Deferred income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>6,615</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6,361</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,037</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,134</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,981</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">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>660</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">809</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,059</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Transaction costs</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(734</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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Other</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">31</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</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">9,240</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,814</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company’s effective tax rate increased to 38.43% in fiscal 2016 from 35.41% in fiscal 2015 and 41.73% in fiscal 2014. The Company had approximately $2.1 million of previously non-deductible 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>9. Share-Based Payments</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company has share awards outstanding under two share-based compensation plans (the “Equity Plans”). The Company believes that such awards better 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 non-employee 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, performance share awards, and other equity based compensation.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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. The annual vesting of performance share awards is contingent upon 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>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company funds share awards from authorized but unissued shares and does not purchase shares to fulfill the obligations of the plans. Cash dividends, if any, are not paid on unvested performance shares or unexercised options, but are paid on unvested restricted stock awards. 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:</div>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px;
letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company did not grant any options during the year ended March 31, 2014.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">A summary of option activity under the Equity Plans as of March 31, 2016, and changes during the year are presented below.</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(Shares in thousands)</b></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 27.05pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Options</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Outstanding at March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">363</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9.86</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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Granted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">10</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12.95</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Exercised</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(13</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6.45</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(3</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.07</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top:
0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Outstanding at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">357</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.07</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5.75</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">725</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Exercisable at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">198</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7.75</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.04</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">725</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company granted approximately 10,000 options with a weighted average fair value of $3.01 during the year ended March 31, 2016. The total intrinsic value of options exercised during the years ended March 31, 2016, 2015 and 2014 was approximately $82,000, $1,829,000, and $699,000 respectively.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">During the fiscal year ended March 31, 2016, approximately 13,000 options were exercised at exercise prices ranging from $1.20 to $10.96 per share. During the same period approximately 3,000 options were forfeited at exercise prices ranging from $3.60
to $10.96 per share.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Cash received from options exercised during the fiscal years ended March 31, 2016, 2015 and 2014 totaled approximately $85,000, $389,000, and $329,000, respectively. Related income tax benefits during the same periods totaled approximately $31,000, $700,000, and $267,000, respectively. Such amounts are included in proceeds from exercise of stock options and excess tax benefit on share awards under cash flows from financing activities in the consolidated statements of cash flows. As of March 31, 2016, there was approximately $246,000 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">A summary of the status of the Company’s non-vested restricted shares under the Equity Plan as of March 31, 2016, and changes during the year then ended is presented below.</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(Shares in thousands)</b></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 85.75pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Restricted Share Awards</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-vested at March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">89</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">13.56</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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Granted</p>
</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">$</td>
<td align="right" valign="bottom">13.27</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Vested</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(45</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12.93</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;
margin-left: 1em;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-vested at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">82</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">13.78</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.75</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">879</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div style="font: /normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px; break-before: page;"> </div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company awarded approximately 38,000 restricted shares during the fiscal year ended March 31, 2016. During the same period no restricted shares were forfeited.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">As of March 31, 2016, there was approximately $643,000 of total unrecognized compensation cost related to non-vested restricted share awards granted under the Equity Plans. That cost is expected to be recognized over a weighted-average period of approximately 1.75 years.</p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company did not award any performance shares during the fiscal year ended March 31, 2016 or March 31, 2015. As of March 31, 2016, under the Equity Plans, there were no non-vested performance shares and no unrecognized compensation related to performance shares.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>10. Employee Benefit Plan</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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 re-evaluate the Company’s matching policy for plan year 2017 later this year. For the fiscal years ended March 31, 2016, 2015 and 2014, the Company recorded expenses of approximately $7,000, each year related to this plan.</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>11. Commitments and Contingencies</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company leases corporate and branch offices under operating lease agreements which provide for annual minimum rental payments as follows:</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 100.85pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,101</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2018</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,610</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2019</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,164</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2020</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">581</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2021</p>
</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,535</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Rent expense for the fiscal years ended March 31, 2016, 2015, and 2014 was approximately $2.3, $2.1, and $2.0 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>12. Quarterly Results of Operations (Unaudited)</b></p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2016</b><br /><b>(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,025</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,687</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,757</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>23,238</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,166</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>2,273</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>2,311</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>2,257</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>4,989</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>6,177</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>7,599</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>7,513</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,915</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>8,940</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>8,422</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>9,040</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-color: #000000;
border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5,955</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>5,297</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>4,425</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>4,428</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,285</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>2,041</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>1,698</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>1,702</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,670</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,256</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,727</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>2,726</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style:
double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.48</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.43</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.36</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.35</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.47</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.42</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.35</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>0.35</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2015</b><br /><b>(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td
valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,333</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,723</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,801</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,933</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,449</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,485</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,458</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,578</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,232</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,154</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,797</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,188</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,921</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,089</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,408</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,935</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,731</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,995</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right"
valign="bottom">6,138</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,232</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,822</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,665</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,369</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,384</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">4,909</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">4,330</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,769</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,848</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.40</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">0.31</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.34</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt;
margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.40</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">0.30</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.33</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Consolidation</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Dividends</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The following cash dividends were declared during fiscal year ended March 31, 2014. No dividends were declared during the fiscal years ended March 31, 2015 and 2016.</p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="40%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 38.85pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fiscal Year</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom"><b>Date Declared</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom"><b>Record Date</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom"><b>Date Paid</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Amount of</b><br /><b>Dividend</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2014</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">May 7, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">June 21, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">June 28, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">August 13, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 20, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 27, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<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 valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.24</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Payment of cash dividends results in a 5% withholding tax payable by the Company under the Canada-United States Income Tax Convention which is included in earnings under the caption of administrative expenses.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Tender Offer</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The aggregate number of common shares purchased in the tender offer by Nicholas 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>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Use of Estimates</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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 and the fair value of interest rate swap agreements.</div>
</div>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Finance Receivables</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2016 and March 31, 2015 are approximately $186.3 and 169.1 million respectively (See Note 3).</div>
</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Allowance for Credit Losses</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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. 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Assets Held for Resale</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Property and Equipment</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">Lesser of lease term or useful life<br />(generally 6 - 7 years)</td>
</tr>
</table>
</div>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Drafts Payable</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><b>Income Taxes</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px; break-before: page;"><b><font size="2"></font></b> </div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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, 2016.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">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 years before 2013. The Company does not believe there will be any material changes in its unrecognized tax positions over the next 12 months.</p>
</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Revenue Recognition</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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 60 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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, 2016, 2015, and 2014 was 7.51%, 8.08% and 8.44%, respectively.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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 and forced placed automobile insurance. These commissions are amortized over the life of the contract using the interest method.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company’s net costs for originating Direct Loans are deferred and recognized as an adjustment to the yield and are amortized over the life of the loan using the interest method.</p>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Earnings Per Share</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company has granted stock compensation awards with nonforfeitable dividend rights which are considered participating securities. As such, earnings per share is calculated using the two-class 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="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="72%"></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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><b>Fiscal Year ended March 31,</b><br /><b>(In thousands, except earnings per share numbers)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>12,379</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>(170</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td
valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,727</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Less: Weighted average participating securities outstanding</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(105</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000;
border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Weighted average shares of common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>7,622</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.60</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.40</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Undistributed earnings re-allocated to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,211</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,622</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Incremental shares from stock options</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">179</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">229</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,692</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,192</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,325</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.59</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td
valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.38</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.36</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Diluted earnings per share do not include the effect of certain stock options as their impact would be anti-dilutive. Approximately 161,000, 155,000, and 10,000 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2016, 2015 and 2014 respectively, because their effect would have been anti-dilutive.</div>
</div>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Share-Based Payments</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively the vesting period). 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. The fair value of non-vested restricted and performance shares are measured at the market price of a share on a grant date. 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.</div>
</div>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Fair Value Measurements</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Financial Instruments and Concentrations</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company’s financial instruments consist of cash, finance receivables (accrued interest is a part of finance receivables), the 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">As of March 31, 2016, the Company operated in eighteen states through sixty-seven branch locations. Florida represented 29% of the finance receivables total as of March 31, 2016. Ohio represented 14%, Georgia represented 10% and North Carolina represented 8% of the finance receivables total as of March 31, 2016. 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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Interest Rate Swap Agreements</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Statements of Cash Flows</b></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Cash paid for income taxes for the years ended March 31, 2016, 2015 and 2014 was approximately $8.5 million, $7.3 million and $10.8 million respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2016, 2015 and 2014 was approximately $8.8 million, $6.1 million and $5.7 million respectively.</div>
</div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 10pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Recent Accounting Pronouncements</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">In March 2016, the Financial Accounting Standards Board (“FASB”) issued the Accounting Standards Update (“ASU”) 2016-09, “<i>Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” </i>which is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public entities, ASU 2016-09 is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The Company is currently evaluating the impact of the adoption of this ASU on the consolidated financial statements.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">In February 2016, the FASB issued ASU No. 2016-02, “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 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 from current U.S. GAAP. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">In January 2016, the FASB issued ASU No. 2016-01, “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 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 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. The Company is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU No. 2015-15, since 2015-03 did not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. The SEC staff indicated they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments is permitted. The Company does not believe the adoption of this ASU will have a significant impact on the consolidated financial statements.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">In May 2014, the FASB issued ASU No. 2014-09, “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 2014-09 by one year. As a result, ASU 2014-09 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). The Company has not yet selected a transition method and is currently evaluating the impact of the pending adoption of this ASU on the Company’s consolidated financial statements.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">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>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="40%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 38.85pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fiscal Year</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom"><b>Date Declared</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom"><b>Record Date</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom"><b>Date Paid</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Amount of</b><br /><b>Dividend</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2014</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">May 7, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">June 21, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">June 28, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">August 13, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 20, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 27, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<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 valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.24</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">Lesser of lease term or useful life<br />(generally 6 - 7 years)</td>
</tr>
</table>
</div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="72%"></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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><b>Fiscal Year ended March 31,</b><br /><b>(In thousands, except earnings per share numbers)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>12,379</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>(170</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,727</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Less: Weighted average participating securities outstanding</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(105</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Weighted average shares of common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>7,622</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Basic earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.60</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.40</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,209</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Undistributed earnings re-allocated to participating securities</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2</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>—</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>—</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income allocated to common stock</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>12,211</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,856</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,622</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Incremental shares from stock options</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">179</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">229</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,692</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,192</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,325</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Diluted earnings per share</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.59</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.38</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.36</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="64%"></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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Indirect finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>487,118</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">447,043</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">413,612</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(152,911</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(136,896</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(121,996</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>334,207</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">310,147</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">291,616</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Unearned dealer discounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(18,023</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(17,780</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(17,214</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td
valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>316,184</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">292,367</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">274,402</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Allowance for credit losses</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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Indirect finance receivables, net</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>303,919</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">281,042</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">261,513</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div> </div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at beginning of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>11,325</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12,889</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,091</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>25,926</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">20,008</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">14,694</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Losses absorbed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(27,963</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(25,042</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(21,691</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Recoveries</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,977</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3,470</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3,795</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at end 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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p
style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="73%"></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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b></b>2015<b></b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b></b>2014<b></b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at beginning of year</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>703</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">590</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">468</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>352</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">362</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">285</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Losses absorbed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(328</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(277</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(192</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Recoveries</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>21</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">28</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">29</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Balance at end 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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></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>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Contracts</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Direct Loans</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Contracts</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Direct Loans</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Performing accounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>473,429</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,899</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>438,318</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>10,855</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-performing accounts</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>9,435</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>79</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>4,765</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>57</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Total</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>482,864</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,978</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right"
valign="bottom"><b>443,083</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>10,912</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>4,254</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>34</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>3,960</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>20</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>487,118</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>11,012</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>447,043</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>10,932</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<div> </div>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="60%"></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>
<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;">
<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="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 33.75pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Contracts</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>31 – 60 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>61 – 90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Total</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 482,864</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 17,466</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 6,069</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 3,366</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b> 26,901</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="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>3.61</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>1.26</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>0.70</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>5.57</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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">$</td>
<td align="right" valign="bottom">18,459</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3.09</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.78</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.30</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.17</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;
margin-left: 1em;">March 31, 2014</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">410,532</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,713</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,944</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,897</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,554</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="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">2.85</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.72</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.46</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.03</td>
<td valign="bottom" nowrap="nowrap">% </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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 44.2pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Direct Loans</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>31 – 60 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><b>61 – 90 days</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Total</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>10,978</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>161</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>41</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>38</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>240</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1.47</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.37</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.35</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2.19</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</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="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>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">March 31, 2014</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,705</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">143</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">25</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">23</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">191</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="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">1.34</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.23</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.21</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.78</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Cost</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>623</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>413</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>210</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,473</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>664</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>809</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>512</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>408</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>104</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,144</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>977</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>167</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td
valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,752</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,462</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>1,290</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;"><b>2015</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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Automobiles</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">613</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">365</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">248</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Equipment</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">906</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">516</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">390</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Furniture and fixtures</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">486</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">391</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">95</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Leasehold improvements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,103</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">964</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">139</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,108</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,236</td>
<td valign="bottom"
nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">872</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="84%"></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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>(24</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(364</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Periodic settlement differentials included in interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(343</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(393</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Loss recognized in income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(367</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(757</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Average variable rate received</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.26</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.16</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><b>Fair Value Measurement Using</b><br /><b>(In thousands)</b></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 39.5pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Description</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016 – liability:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(205</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>(205</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015 – liability:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">(181</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</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">(181</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
</table>
<div><br class="apple-interchange-newline" /> </div>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><b>Fair Value Measurement Using</b><br /><b>(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;">
<td valign="bottom"><b>Description</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 1</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 2</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Level 3</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Fair</b><br /><b>Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Carrying</b><br /><b>Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,849</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,849</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1,849</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,388</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap">$</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">3,388</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,388</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Finance receivables:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt;
margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>311,837</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>311,837</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>311,837</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015</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">$</td>
<td align="right" valign="bottom">288,904</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">288,904</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">288,904</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Line of credit:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><b>March 31, 2016</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>211,000</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>211,000</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>211,000</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">March 31, 2015</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">199,000</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">199,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">199,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<div> </div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>6,931</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,688</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">8,709</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,049</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,196</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,395</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em;">Total current</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>7,980</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,884</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">10,104</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt;
border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Federal</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(221</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">308</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">State</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(33</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></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">236</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em;">Total deferred</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(254</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">356</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,710</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</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">9,240</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,814</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>5,918</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,552</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Share-based compensation</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>491</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">514</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Interest rate swap agreements</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>78</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">69</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Other items</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>128</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">226</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Deferred income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>6,615</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6,361</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>7,037</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,134</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9,981</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">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>660</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">809</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,059</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Transaction costs</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(734</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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Other</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">31</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</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">9,240</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">11,814</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>
<br class="apple-interchange-newline" /><br /></div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(Shares in thousands)</b></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 27.05pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Options</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Outstanding at March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">363</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">9.86</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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Granted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">10</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12.95</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Exercised</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(13</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">6.45</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(3</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.07</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000;
border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Outstanding at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">357</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10.07</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5.75</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">725</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Exercisable at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">198</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7.75</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4.04</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">725</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<br class="apple-interchange-newline" /><br /></div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" valign="bottom" colspan="6"><b>(Shares in thousands)</b></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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 85.75pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><b>Restricted Share Awards</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>Shares</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-vested at March 31, 2015</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">89</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">13.56</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;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Granted</p>
</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">$</td>
<td align="right" valign="bottom">13.27</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Vested</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(45</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">12.93</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Forfeited</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000;
border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-vested at March 31, 2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">82</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">13.78</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1.75</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">879</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<div style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </div>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 100.85pt; font-family: 'times new roman'; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,101</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2018</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,610</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2019</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,164</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2020</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">581</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">2021</p>
</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,535</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<br class="apple-interchange-newline" /><br /></div>
<div>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2016</b><br /><b>(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,025</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,687</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>22,757</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>23,238</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,166</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>2,273</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>2,311</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>2,257</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>4,989</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>6,177</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>7,599</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>7,513</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,915</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>8,940</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>8,422</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>9,040</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td
valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5,955</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>5,297</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>4,425</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>4,428</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,285</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>2,041</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>1,698</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>1,702</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,670</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,256</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>2,727</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>2,726</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p
style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.48</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.43</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.36</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.35</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.47</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.42</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.35</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>0.35</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2015</b><br /><b>(In thousands, except earnings per share amounts)</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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-color: #000000; border-bottom-width: 1pt; border-bottom-style: 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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,333</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,723</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,801</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">21,933</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,449</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,485</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,458</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,578</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,232</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,154</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,797</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,188</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Non-interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,921</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,089</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,408</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,935</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Operating income before income taxes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,731</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,995</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,138</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,232</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Income tax expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,822</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td
valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,665</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,369</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,384</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">4,909</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">4,330</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,769</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,848</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Basic</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.40</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">0.31</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.34</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;">Diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.40</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">0.30</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.33</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
1
0.24
0.12
0.12
2013-08-13
2013-05-07
2013-09-20
2013-06-21
2013-09-27
2013-06-28
3 years
5 years
7 years
Lesser of lease term or useful life (generally 6 - 7 years)
12096000
12013000
7622000
229000
179000
70000
12325000
12192000
7692000
0.05
4700000
169100000
186300000
0.0844
0.0808
0.0751
Less than 1%
Less than 1%
10800000
7300000
8500000
5700000
6100000
8800000
10000
155000
161000
0.29
0.14
0.10
0.08
Of the remaining fourteen states, no one state represented more than 5% of the total finance receivables.
18
67
413612000
10731000
447043000
10932000
487118000
11012000
121996000
2311000
136896000
2367000
152911000
2346000
291616000
8420000
310147000
8565000
334207000
8666000
17214000
17780000
18023000
274402000
292367000
316184000
12889000
590000
11325000
703000
12265000
748000
16091000
468000
21691000
192000
25042000
277000
27963000
328000
3795000
29000
3470000
28000
2977000
21000
410532000
10705000
443083000
10912000
438318000
4765000
10855000
57000
3960000
20000
482864000
10978000
473429000
9435000
10899000
79000
4254000
34000
447043000
10932000
487118000
11012000
0.0285
0.0134
0.0309
0.0112
0.0361
0.0147
0.0072
0.0023
0.0078
0.0038
0.0126
0.0037
0.0046
0.0021
0.003
0.0014
0.007
0.0035
16554000
191000
18459000
179000
26901000
240000
0.0403
0.0178
0.0417
0.0164
0.0557
0.0219
P72M
P12M
0.2286
0.2614
0.2267
0.2572
0.02
P61D
P61D
P120D
3108000
613000
906000
486000
1103000
3752000
623000
1473000
512000
1144000
2236000
365000
516000
391000
964000
2462000
413000
664000
408000
977000
150000000
225000000
0.03
1-month LIBOR
0.01
0.0400
0.0400
26000000
14000000
-364000
-24000
393000
343000
-757000
-367000
0.0016
0.0026
0.01
0.0087
0.0094
0.0094
2
P5Y
P5Y
1-month LIBOR
1-month LIBOR
181000
181000
205000
0
205000
0
3388000
3388000
3388000
1849000
1849000
0
0
1849000
288904000
288904000
288904000
311837000
0
0
311837000
311837000
199000000
199000000
199000000
211000000
0
211000000
0
211000000
P60M
P12M
P72M
P12M
8709000
7688000
6931000
1395000
1196000
1049000
10104000
8884000
7980000
1474000
308000
-221000
236000
48000
-33000
5552000
5918000
514000
491000
69000
78000
226000
128000
9981000
9134000
7037000
1059000
809000
660000
734000
-734000
0
40000
31000
29000
0.4173
0.3541
0.3843
2100000
2100000
0.0168
0.0158
P5Y
P5Y
0.23
0.23
0.0365
0.00
357000
363000
10000
10000
3000
3000
198000
10.07
9.86
3.01
12.95
6.45
10.07
7.75
P5Y9M
P10Y
P4Y15D
725000
725000
82000
89000
38000
38000
45000
0
13.78
13.56
13.27
12.93
0
P1Y9M
879000
750000
1100000
P3Y
P3Y
P5Y
699000
1829000
82000
1.20
10.96
3.60
10.96
267000
700000
31000
246000
643000
P2Y7M6D
P1Y9M0D
7000
7000
7000
2101000
1610000
1164000
581000
79000
5535000
2000000
2100000
2300000
21333000
21723000
21801000
21933000
22025000
22687000
22757000
23238000
8921000
8089000
8408000
8935000
8915000
8940000
8422000
9040000
170000
16703000
16856000
12209000
12096000
12013000
7727000
-105000
2000
16703000
16856000
12211000
50000
38000
0.0050
0001000045us-gaap:TreasuryStockMember2015-04-012016-03-31
50000
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" 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;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2016</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>(In thousands)</b><br /><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Direct finance receivables, gross contract</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>11,012</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,932</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">10,731</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Unearned interest</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>(2,346</b></td>
<td valign="bottom" nowrap="nowrap"><b>) </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">(2,367</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>
</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-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">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>8,666</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,565</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,420</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Allowance for credit losses</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-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">Direct finance receivables, net</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>7,918</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,862</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">7,830</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-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
0001000045nick:TenderOfferMember2015-03-17
0.380
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinanceReceivablesMember2016-03-31
17466000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinanceReceivablesMember2016-03-31
6069000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2016-03-31
3366000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinanceReceivablesMember2015-03-31
13694000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinanceReceivablesMember2015-03-31
3435000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2015-03-31
1330000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinanceReceivablesMember2014-03-31
11713000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinanceReceivablesMember2014-03-31
2944000
0001000045us-gaap:CustomerContractsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2014-03-31
1897000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinanceReceivablesMember2016-03-31
161000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinanceReceivablesMember2016-03-31
41000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2016-03-31
38000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinanceReceivablesMember2015-03-31
122000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinanceReceivablesMember2015-03-31
42000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2015-03-31
15000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinanceReceivablesMember2014-03-31
143000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinanceReceivablesMember2014-03-31
25000
0001000045us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2014-03-31
23000
0001000045us-gaap:InterestRateSwapMember2012-06-04
25000000
0001000045us-gaap:InterestRateSwapMember2012-07-30
25000000
2
Black-Scholes option-pricing model
P60M
P12M
12379000