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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:      
Net earnings $ 119,356 $ 105,600 $ 74,397
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Depreciation and amortization 18,589 24,305 19,991
Provision for credit losses 666 (102) 1,436
Share-based compensation expense 7,825 7,114 7,169
Deferred taxes 2,083 (3,581) (4,198)
Payments from lessees directly to lenders-operating leases 0 (32) (34)
Gain on disposal of property, equipment, and operating lease equipment (3,479) (4,136) (2,742)
Changes in:      
Accounts receivable (78,679) (50,803) (5,056)
Inventories-net (88,097) (85,453) (16,798)
Financing receivables-net (41,015) 8,832 (42,104)
Deferred costs and other assets (73,980) (10,560) (16,503)
Accounts payable-trade 75,270 (25,187) 76,772
Salaries and commissions payable, deferred revenue, and other liabilities 46,036 13,432 37,177
Net cash provided by (used in) operating activities (15,425) (20,571) 129,507
Cash flows from investing activities:      
Proceeds from sale of property, equipment, and operating lease equipment 3,742 21,923 2,791
Purchases of property, equipment and operating lease equipment (9,380) (23,182) (11,513)
Cash used in acquisitions, net of cash acquired (13,288) 0 (27,034)
Net cash used in investing activities (18,926) (1,259) (35,756)
Cash flows from financing activities:      
Borrowings of non-recourse and recourse notes payable 193,051 114,105 66,403
Repayments of non-recourse and recourse notes payable (196,069) (99,991) (74,328)
Repurchase of common stock (7,224) (13,608) (6,948)
Repayments of financing of acquisitions 0 0 (556)
Net borrowings (repayments) on floor plan facility (10,708) 46,670 (34,373)
Net cash provided by (used in) financing activities (20,950) 47,176 (49,802)
Effect of exchange rate changes on cash 3,016 470 (618)
Net increase (decrease) in cash and cash equivalents (52,285) 25,816 43,331
Cash and cash equivalents, beginning of period 155,378 129,562 86,231
Cash and cash equivalents, end of period 103,093 155,378 129,562
Supplemental disclosures of cash flow information:      
Cash paid for interest 4,065 1,714 1,436
Cash paid for income taxes 51,984 47,143 31,690
Cash paid for amounts included in the measurement of lease liabilities 4,610 4,653 5,780
Schedule of non-cash investing and financing activities:      
Proceeds from sale of property, equipment, and leased equipment 21 18 2,045
Purchases of property, equipment, and operating lease equipment (1,453) (98) (372)
Borrowing of non-recourse and recourse notes payable 39,558 58,619 121,826
Repayments of non-recourse and recourse notes payable 0 (32) (34)
Vesting of share-based compensation 9,897 8,481 7,937
Repurchase of common stock (122) 0 0
New operating lease assets obtained in exchange for lease obligations $ 11,886 $ 2,653 $ 1,146