v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flow from operating activities:      
Net income $ 34,586,024 $ 89,242,722 $ 77,046,344
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of intangible assets 3,185,166 3,809,753 4,219,846
Accrued unearned interest (2,290,244) 1,253,389 (1,131,985)
Loss (gain) on extinguishment of senior unsecured notes payable 3,703,866 (982,791) (1,631,964)
Amortization of deferred loan costs 14,931,642 14,082,368 14,216,781
Amortization of debt issuance costs 1,565,416 1,298,513 1,686,563
Amortization of discount on loans acquired in an asset purchase (358,841) (596,966) 0
Provision for credit losses 188,602,351 169,215,395 156,973,220
Depreciation 5,801,853 6,325,036 6,668,557
Gain on asset acquisitions, net of income tax 0 0 (112,683)
Gain on sale of property and equipment (376,948) (60,087) (57,100)
Deferred income tax expense (benefit) (7,089,590) (2,519,983) 10,633,533
Stock-based compensation (reversal) related to equity classified awards 19,342,502 (19,688,968) (1,683,087)
Gain on company-owned life insurance (156,823) (171,742) (154,140)
Change in accounts:      
Other assets, net 5,515,111 1,067,841 1,217,574
Income taxes payable and receivable (2,643,313) 3,313,971 (5,623,995)
Deferred revenue (contract liability) 575,958 670,429 402,954
Accounts payable and accrued expenses (5,535,241) (12,095,278) 3,112,948
Net cash provided by operating activities 259,358,889 254,163,602 265,783,366
Cash flows from investing activities:      
Originations of loans receivable (1,451,586,874) (1,328,023,925) (1,316,277,982)
Repayments of loans receivable 1,221,793,844 1,197,354,056 1,188,701,553
Cash paid for acquisitions, primarily loans 0 (18,947,294) (1,978,815)
Purchases of property and equipment (3,882,342) (3,683,784) (5,932,748)
Proceeds from sale of property and equipment 792,611 550,244 350,174
Net cash used in investing activities (232,882,761) (152,750,703) (135,137,818)
Cash flow from financing activities:      
Borrowings from revolving credit facility 769,548,024 416,597,875 305,700,964
Payments on revolving credit facility (588,064,053) (377,565,532) (390,192,656)
Payments for extinguished senior unsecured notes payable (188,290,771) (87,990,854) (14,043,159)
Borrowing on warehouse facility 232,900,000 0 0
Payments on warehouse facility (89,606,645) 0 0
Payments for debt extinguishment costs (26,450) (12,500) (28,125)
Debt issuance costs associated with revolving credit facility (2,019,306) (37,982) (591,716)
Debt issuance costs associated with warehouse facility (2,524,494) 0 0
Proceeds from exercise of stock options 2,737,900 2,358,547 2,867,974
Payments for taxes related to net share settlement of equity awards (9,064,469) (2,676,053) (2,823,774)
Repurchase of common stock (132,421,630) (54,195,564) (36,204,531)
Net cash used in financing activities (6,831,894) (103,522,063) (135,315,023)
Net change in cash and restricted cash 19,644,234 (2,109,164) (4,669,475)
Cash and restricted cash at beginning of year 9,730,296 11,839,460 16,508,935
Cash and restricted cash at end of year 29,374,530 9,730,296 11,839,460
Supplemental Disclosures:      
Interest paid during the year 47,400,700 44,691,237 48,836,325
Non-cash excise tax on stock repurchases $ 1,166,523 $ 486,112 $ 301,330