XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 105,566 $ 129,562
Accounts receivable-trade, net 520,629 391,567
Accounts receivable-other, net 40,818 41,053
Inventories 147,739 69,963
Financing receivables-net, current 98,183 106,272
Deferred costs 34,684 28,201
Other current assets 12,932 10,976
Total current assets 960,551 777,594
Financing receivables and operating leases-net 90,026 90,165
Deferred tax asset-net 1,972 1,468
Property, equipment and other assets 46,215 42,289
Goodwill 126,604 126,645
Other intangible assets-net 29,778 38,614
TOTAL ASSETS 1,255,146 1,076,775
Current liabilities:    
Accounts payable 162,670 165,162
Accounts payable-floor plan 157,667 98,653
Salaries and commissions payable 39,184 36,839
Deferred revenue 93,319 72,802
Recourse notes payable-current 51,104 5,450
Non-recourse notes payable-current 37,245 50,397
Other current liabilities 26,224 30,061
Total current liabilities 567,413 459,364
Recourse notes payable - long-term 7,689 12,658
Non-recourse notes payable - long-term 6,340 5,664
Other liabilities 34,408 36,679
TOTAL LIABILITIES 615,850 514,365
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 per share par value; 2,000 shares authorized; none outstanding 0 0
Common stock, $0.01 per share par value; 50,000 shares authorized; 26,966 outstanding at December 31, 2021 and 27,006 outstanding at March 31, 2021 270 145
Additional paid-in capital 157,721 152,366
Treasury stock, at cost, 50 shares at December 31, 2021 and 1,987 shares at March 31, 2021 (2,592) (75,372)
Retained earnings 483,601 484,616
Accumulated other comprehensive income-foreign currency translation adjustment 296 655
Total Stockholders' Equity 639,296 562,410
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,255,146 $ 1,076,775