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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities:    
Net earnings $ 16,188 $ 15,273
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 4,964 4,500
Reserve for credit losses, inventory obsolescence, and sales returns 351 192
Share-based compensation expense 1,919 1,693
Deferred taxes (3) 0
Payments from lessees directly to lenders-operating leases (22) (32)
Gain on disposal of property, equipment, and leased equipment (203) (294)
Gain on sale of financing receivables 0 (1,354)
Other 0 4
Changes in:    
Accounts receivable (69,281) (60,140)
Inventories-net (7,774) (12,440)
Financing receivables-net (58,198) 3,749
Deferred costs, other intangible assets, and other assets (14,379) 5,491
Accounts payable-trade 21,089 10,102
Salaries and commissions payable, deferred revenue, and other liabilities 17,955 (15,776)
Net cash used in operating activities (87,394) (49,032)
Cash Flows From Investing Activities:    
Proceeds from sale of property, equipment and leased equipment 292 1,034
Purchases of property, equipment, and operating lease equipment (1,518) (1,630)
Purchases of assets to be leased or financed 0 (7,195)
Issuance of financing receivables 0 (49,355)
Repayments of financing receivables 0 15,555
Proceeds from sale of financing receivables 0 9,776
Net cash used in investing activities (1,226) (31,815)
Cash Flows From Financing Activities:    
Borrowings of non-recourse and recourse notes payable 41,394 18,802
Repayments of non-recourse and recourse notes payable (3,414) (5,903)
Repurchase of common stock (13,318) (9,830)
Repayments of financing of acquisitions (265) (500)
Net borrowings (repayments) on floor plan facility 19,930 17,468
Net cash provided by financing activities 44,327 20,037
Effect of exchange rate changes on cash 81 92
Net Decrease in Cash and Cash Equivalents (44,212) (60,718)
Cash and Cash Equivalents, Beginning of Period 79,816 118,198
Cash and Cash Equivalents, End of Period 35,604 57,480
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 595 473
Cash paid for income taxes 5,616 5,545
Cash paid for amounts included in the measurement of lease liabilities 1,081 0
Schedule of Non-Cash Investing and Financing Activities:    
Proceeds from sale of property, equipment, and leased equipment 0 164
Purchases of property, equipment, and operating lease equipment (1,947) (675)
Purchases of assets to be leased or financed 0 592
Issuance of financing receivables 0 (19,709)
Proceeds from sale of financing receivables 0 23,823
Borrowing of non-recourse and recourse notes payable 30,046 9,606
Repayments of non-recourse and recourse notes payable (22) (32)
Vesting of share-based compensation 7,774 11,345
Repurchase of common stock (137) 0
New operating lease assets obtained in exchange for lease obligations $ 1,291 $ 0