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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net earnings $ 33,847 $ 22,339
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,755 4,472
Provision for credit losses 478 698
Share-based compensation expense 2,205 1,773
Gain on disposal of property, equipment, and operating lease equipment (160) (224)
Changes in:    
Accounts receivable (166,803) (53,556)
Inventories-net 300 (92,678)
Financing receivables-net (42,071) (20,574)
Deferred costs and other assets 8,303 (4,177)
Accounts payable-trade 124,948 30,376
Salaries and commissions payable, deferred revenue, and other liabilities 12,298 8,608
Net cash used in operating activities (20,900) (102,943)
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 196 85
Purchases of property, equipment and operating lease equipment (3,698) (1,777)
Cash used in acquisitions, net of cash acquired (59,595) 0
Net cash used in investing activities (63,097) (1,692)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 97,955 49,256
Repayments of non-recourse and recourse notes payable (41,573) (3,645)
Proceeds from issuance of common stock 1,398 0
Repurchase of common stock (7,465) (7,224)
Net borrowings (repayments) on floor plan facility 32,290 (7,276)
Net cash provided by financing activities 82,605 31,111
Effect of exchange rate changes on cash (127) 1,634
Net decrease in cash and cash equivalents (1,519) (71,890)
Cash and cash equivalents, beginning of period 103,093 155,378
Cash and cash equivalents, end of period 101,574 83,488
Supplemental disclosures of cash flow information:    
Cash paid for interest 566 341
Cash paid for income taxes 3,605 7,532
Cash paid for amounts included in the measurement of lease liabilities 1,261 1,226
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 15 183
Purchases of property, equipment, and operating lease equipment (200) (63)
Borrowing of non-recourse and recourse notes payable 0 7,267
Vesting of share-based compensation 8,483 9,215
Repurchase of common stock (28) 0
New operating lease assets obtained in exchange for lease obligations $ 3,100 $ 34