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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net earnings $ 81,355 $ 58,844
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 18,620 13,762
Provision for credit losses 77 1,920
Share-based compensation expense 5,355 5,427
Deferred taxes (504) 1,033
Payments from lessees directly to lenders-operating leases (32) (25)
Gain on disposal of property, equipment, and operating lease equipment (855) (408)
Changes in:    
Accounts receivable (132,228) (67,989)
Inventories-net (77,921) (28,340)
Financing receivables-net (20,296) (67,112)
Deferred costs and other assets (12,432) (15,865)
Accounts payable-trade 526 70,726
Salaries and commissions payable, deferred revenue, and other liabilities 16,793 33,271
Net cash provided by (used in) operating activities (121,542) 5,244
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 2,927 670
Purchases of property, equipment and operating lease equipment (21,375) (4,227)
Cash used in acquisitions, net of cash acquired 0 (27,102)
Net cash used in investing activities (18,448) (30,659)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 98,547 31,698
Repayments of non-recourse and recourse notes payable (32,099) (41,870)
Repurchase of common stock (9,466) (6,948)
Repayments of financing of acquisitions 0 (556)
Net borrowings on floor plan facility 59,014 44,058
Net cash provided by financing activities 115,996 26,382
Effect of exchange rate changes on cash (2) (735)
Net increase (decrease) in cash and cash equivalents (23,996) 232
Cash and cash equivalents, beginning of period 129,562 86,231
Cash and cash equivalents, end of period 105,566 86,463
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,182 929
Cash paid for income taxes 35,676 21,257
Cash paid for amounts included in the measurement of lease liabilities 3,420 4,460
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 87 0
Purchases of property, equipment, and operating lease equipment (16) (221)
Borrowing of non-recourse and recourse notes payable 56,240 77,289
Repayments of non-recourse and recourse notes payable (32) (25)
Vesting of share-based compensation 8,439 7,926
New operating lease assets obtained in exchange for lease obligations $ 2,489 $ 1,097