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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net earnings $ 3,703 $ 4,713
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,302 2,488
Reserves for credit losses and sales returns 167 99
Provision for inventory allowances and inventory returns (153) 180
Share-based compensation expense 431 170
Excess tax benefit from stock-based compensation (52) (3)
Tax benefit from stock-based compensation 0 18
Payments from lessees directly to lenders-operating leases (1,054) (1,541)
(Gain)/loss on disposal of property, equipment and operating lease equipment 270 (157)
Excess increase in cash value of life insurance (2) 0
Changes in:    
Accounts receivable - net 1,989 2,806
Notes receivable (22) (3,546)
Inventories-net (7,786) (4,312)
Investment in direct financing and sale-type leases-net (8,434) 15,694
Other assets 5,712 (1,736)
Accounts payable - equipment 4,502 (28,283)
Accounts payable - trade 4,016 849
Salaries and commissions payable, accrued expenses and other liabilities (3,530) 5,924
Net cash used in operating activities 2,059 (6,637)
Cash Flows From Investing Activities:    
Proceeds from sale of property, equipment and operating lease equipment 270 588
Purchases of operating lease equipment (1,099) (2,870)
Issuance of notes receivable (14,051) 0
Repayments of notes receivable 2,854 0
Proceeds from the transfer of notes receivable 453 0
Premiums paid for life insurance (35) (47)
Cash used in acquisition, net of cash acquired (3,514) 0
Net cash used in investing activities (15,122) (2,329)
Cash Flows From Financing Activities:    
Borrowings of non-recourse notes payable 0 2,995
Repayments of non-recourse and recourse notes payable (26) (1,716)
Repurchase of common stock (1,686) (407)
Proceeds from issuance of capital stock through option exercise 44 517
Excess tax benefit from exercise of stock options 52 3
Net borrowings on floor plan facility 475 1,843
Net cash provided by financing activities (1,141) 3,235
Effect of Exchange Rate Changes on Cash 3 (12)
Net Decrease in Cash and Cash Equivalents (14,201) (5,743)
Cash and Cash Equivalents, Beginning of Period 75,756 85,077
Cash and Cash Equivalents, End of Period 61,555 79,334
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 1 727
Cash paid for income taxes 1,918 2,150
Schedule of Non-Cash Investing and Financing Activities:    
Purchase of property and equipment included in accounts payable 148 30
Purchase of operating lease equipment included in accounts payable 27 2,072
Principal payments from lessees directly to lenders 4,552 7,989
Business Acquisition Contingent Consideration At Fair Value 1,500 0
Vesting of share-based compensation $ 199 $ 20