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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net earnings $ 22,339 $ 23,518
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 4,472 6,082
Provision for credit losses 698 (261)
Share-based compensation expense 1,773 1,735
Payments from lessees directly to lenders-operating leases 0 (32)
Gain on disposal of property, equipment, and operating lease equipment (224) (148)
Changes in:    
Accounts receivable (53,556) (68,641)
Inventories-net (92,678) (7,800)
Financing receivables-net (20,574) 193
Deferred costs and other assets (4,177) 61
Accounts payable-trade 30,376 (15,393)
Salaries and commissions payable, deferred revenue, and other liabilities 8,608 (4,450)
Net cash used in operating activities (102,943) (65,136)
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 85 843
Purchases of property, equipment and operating lease equipment (1,777) (6,994)
Net cash used in investing activities (1,692) (6,151)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 49,256 3,199
Repayments of non-recourse and recourse notes payable (3,645) (4,819)
Repurchase of common stock (7,224) (3,807)
Net borrowings (repayments) on floor plan facility (7,276) 40,921
Net cash provided by financing activities 31,111 35,494
Effect of exchange rate changes on cash 1,634 71
Net increase in cash and cash equivalents (71,890) (35,722)
Cash and cash equivalents, beginning of period 155,378 129,562
Cash and cash equivalents, end of period 83,488 93,840
Supplemental disclosures of cash flow information:    
Cash paid for interest 341 519
Cash paid for income taxes 7,532 7,275
Cash paid for amounts included in the measurement of lease liabilities 1,226 1,182
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 183 978
Purchases of property, equipment, and operating lease equipment (63) (2,619)
Borrowing of non-recourse and recourse notes payable 7,267 0
Repayments of non-recourse and recourse notes payable 0 (32)
Vesting of share-based compensation 9,215 7,493
Repurchase of common stock 0 (304)
New operating lease assets obtained in exchange for lease obligations $ 34 $ 0