DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Sep. 30, 2025

The following table provides our operating results of discontinued operations for the three and six months ended September 30, 2025, and 2024 (in thousands):


	Three months ended September 30,					Six months ended September 30,
		2025			2024			2025			2024
Net sales	$	-		$	21,800		$	15,811		$	30,686
Cost of sales		-			1,111			1,734			2,390
Gross profit		-			20,689			14,077			28,296

Selling, general, and administrative		-			4,430			3,599			7,442
Interest and financing costs		-			537			450			1,122
Operating expenses		-			4,967			4,049			8,564

Operating income		-			15,722			10,028			19,732

Other income—net		(4,600	)		263			(4,389	)		625

Earnings (loss) before gain from sale and income taxes		(4,600	)		15,985			5,639			20,357
Gain from sale of HoldCo before income taxes		-			-			4,368			-
Earnings (loss) before income taxes		(4,600	)		15,985			10,007			20,357

Provision for income taxes		(1,295	)		4,474			2,743			5,700

Earnings (loss) from discontinued operations, net of tax	$	(3,305	)	$	11,511		$	7,264		$	14,657

The following table provides the major classes of assets and liabilities that are classified as discontinued operations as of March 31, 2025 (in thousands):


		March 31, 2025
ASSETS

Accounts receivable	$	34,610
Financing receivables—net, current		168,392
Other current assets		19,397
Current assets of discontinued operations	$	222,399

Financing receivables and operating leases—net	$	126,408
Other assets—long-term		7,427
Non-current assets of discontinued operations	$	133,835

LIABILITIES

Accounts payable	$	127,154
Salaries and commissions payable		2,812
Non-recourse notes payable—current		27,456
Other current liabilities		9,041
Current liabilities of discontinued operations	$	166,463

Non-recourse notes payable—long-term		11,317
Other liabilities—long-term		1,229
Non-current liabilities of discontinued operations	$	12,546

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

EPLUS INC 10-Q