XML 16 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:    
Net earnings $ 48,140 $ 46,225
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 13,341 11,324
Reserve for credit losses, inventory obsolescence, and sales returns 269 286
Share-based compensation expense 5,418 4,856
Deferred taxes (215) (3,058)
Payments from lessees directly to lenders-operating leases (118) (1,325)
Gain on disposal of property, equipment, and leased equipment (1,307) (7,555)
Gain on sale of financing receivables (5,030) (4,625)
Other 0 1
Changes in:    
Accounts receivable (56,769) (10,271)
Inventories (11,674) 43,332
Financing receivables-net (1,070) (13,045)
Deferred costs, other intangible assets, and other assets 3,971 (22,049)
Accounts payable 16,062 18,406
Salaries and commissions payable, deferred revenue, and other liabilities (8,846) (13,678)
Net cash provided by operating activities 2,172 48,824
Cash Flows From Investing Activities:    
Proceeds from sale of property, equipment, and leased equipment 2,550 9,967
Purchases of property, equipment, and operating lease equipment (8,492) (6,298)
Purchases of assets to be leased or financed (13,941) (5,716)
Issuance of financing receivables (140,307) (138,160)
Repayments of financing receivables 55,198 59,029
Proceeds from sale of financing receivables 56,983 64,103
Cash used in acquisitions, net of cash acquired 0 (37,718)
Net cash used in investing activities (48,009) (54,793)
Cash Flows From Financing Activities:    
Borrowings of non-recourse and recourse notes payable 40,693 39,365
Repayments of non-recourse and recourse notes payable (17,447) (27,269)
Repurchase of common stock (16,261) (13,399)
Repayments of financing of acquisitions (7,634) (1,604)
Net borrowings (repayments) on floor plan facility 12,450 (24,851)
Net cash provided by (used) in financing activities 11,801 (27,758)
Effect of exchange rate changes on cash 172 72
Net Decrease in Cash and Cash Equivalents (33,864) (33,655)
Cash and Cash Equivalents, Beginning of Period 118,198 109,760
Cash and Cash Equivalents, End of Period 84,334 76,105
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 1,364 421
Cash paid for income taxes 18,269 29,987
Schedule of Non-Cash Investing and Financing Activities:    
Proceeds from sale of property, equipment, and leased equipment 483 3,463
Purchases of property, equipment, and operating lease equipment (2,704) (751)
Purchases of assets to be leased or financed 2,437 (7,225)
Issuance of financing receivables (96,406) (74,907)
Repayments of financing receivables 0 9,572
Proceeds from sale of financing receivables 88,119 83,954
Financing of acquisitions 0 (12,050)
Borrowing of non-recourse and recourse notes payable 65,042 8,904
Repayments of non-recourse and recourse notes payable (118) (14,465)
Vesting of share-based compensation 12,795 12,010
Repurchase of common stock included in accounts payable $ (393) $ (766)