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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:      
Net earnings $ 63,192 $ 55,122 $ 50,556
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:      
Depreciation and amortization 18,639 15,827 11,731
Reserve for credit losses, inventory obsolescence and sales returns 170 333 749
Share-based compensation expense 7,243 6,464 6,025
Deferred taxes 3,280 (44) (1,196)
Payments from lessees directly to lenders-operating leases (156) (1,445) (1,724)
Gain on disposal of property, equipment, and leased equipment (2,027) (8,694) (3,977)
Gain on sale of financing receivables (9,077) (6,796) (7,976)
Other 0 65 193
Changes in:      
Accounts receivable (34,306) 6,582 (17,232)
Inventories (10,929) 54,982 (60,022)
Financing receivables-net (7,883) (8,537) (5,824)
Deferred costs, other intangible assets and other assets 5,412 (16,241) (1,091)
Accounts payable 12,456 258 3,845
Salaries and commissions payable, deferred revenue and other liabilities (6,603) (15,110) 58,959
Net cash provided by operating activities 39,411 82,766 33,016
Cash Flows From Investing Activities:      
Proceeds from sale of property, equipment and leased equipment 3,619 14,403 7,339
Purchases of property, equipment and operating lease equipment (11,629) (7,590) (9,558)
Purchases of assets to be leased or financed (10,368) (6,378) (9,861)
Issuance of financing receivables (175,410) (170,666) (129,361)
Repayments of financing receivables 73,942 78,047 55,093
Proceeds from sale of financing receivables 73,405 72,225 69,146
Cash used in acquisitions, net of cash acquired (49,764) (37,718) (9,143)
Net cash used in investing activities (96,205) (57,677) (26,345)
Cash Flows From Financing Activities:      
Borrowings of non-recourse and recourse notes payable 83,924 72,389 73,707
Repayments of non-recourse and recourse notes payable (43,054) (31,302) (40,414)
Repurchase of common stock (18,754) (35,245) (30,493)
Repayments of financing of acquisitions (7,634) (2,104) (1,142)
Net borrowings (repayments) on floor plan facility 3,974 (20,503) 6,156
Net cash provided by (used) in financing activities 18,456 (16,765) 7,814
Effect of exchange rate changes on cash (44) 114 509
Net Decrease in Cash and Cash Equivalents (38,382) 8,438 14,994
Cash and Cash Equivalents, Beginning of Period 118,198 109,760 94,766
Cash and Cash Equivalents, End of Period 79,816 118,198 109,760
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 1,862 602 38
Cash paid for income taxes 19,938 32,134 32,240
Schedule of Non-Cash Investing and Financing Activities:      
Proceeds from sale of property, equipment, and leased equipment 520 591 135
Purchases of property, equipment, and operating lease equipment (1,874) (290) (2,398)
Purchases of assets to be leased or financed (13,663) (5,089) (6,702)
Issuance of financing receivables (119,024) (132,982) (217,244)
Repayments of financing receivables 0 13,018 19,421
Proceeds from sale of financing receivables 142,418 143,956 215,227
Financing of acquisitions (257) (12,050) (3,924)
Borrowing of non-recourse and recourse notes payable 75,164 16,066 35,533
Repayments of non-recourse and recourse notes payable (156) (19,372) (29,217)
Vesting of share-based compensation 12,816 12,037 8,013
Repurchase of common stock included in accounts payable $ 0 $ (771) $ 0