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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:      
Net earnings $ 115,776 $ 119,356 $ 105,600
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Depreciation and amortization 25,928 18,589 24,305
Provision for credit losses 1,204 666 (102)
Share-based compensation expense 9,731 7,825 7,114
Deferred taxes (2,656) 2,083 (3,581)
Payments from lessees directly to lenders-operating leases 0 0 (32)
Gain on disposal of property, equipment, and operating lease equipment (491) (3,479) (4,136)
Changes in:      
Accounts receivable (104,039) (78,679) (50,803)
Inventories 104,781 (88,097) (85,453)
Financing receivables-net (32,054) (41,015) 8,832
Deferred costs and other assets (4,982) (73,980) (10,560)
Accounts payable-trade 82,911 75,270 (25,187)
Salaries and commissions payable, deferred revenue, and other liabilities 52,340 46,036 13,432
Net cash provided by (used in) operating activities 248,449 (15,425) (20,571)
Cash flows from investing activities:      
Proceeds from sale of property, equipment, and operating lease equipment 721 3,742 21,923
Purchases of property, equipment, and operating lease equipment (8,503) (9,380) (23,182)
Cash used in acquisitions, net of cash acquired (54,182) (13,288) 0
Net cash used in investing activities (61,964) (18,926) (1,259)
Cash flows from financing activities:      
Borrowings of non-recourse and recourse notes payable 297,305 193,051 114,105
Repayments of non-recourse and recourse notes payable (279,649) (196,069) (99,991)
Proceeds from issuance of common stock 3,019 0 0
Repurchase of common stock (9,853) (7,224) (13,608)
Net borrowings (repayments) on floor plan facility (47,441) (10,708) 46,670
Net cash provided by (used in) financing activities (36,619) (20,950) 47,176
Effect of exchange rate changes on cash 62 3,016 470
Net increase (decrease) in cash and cash equivalents 149,928 (52,285) 25,816
Cash and cash equivalents, beginning of period 103,093 155,378 129,562
Cash and cash equivalents, end of period 253,021 103,093 155,378
Supplemental disclosures of cash flow information:      
Cash paid for interest 3,768 4,065 1,714
Cash paid for income taxes 41,526 51,984 47,143
Cash paid for amounts included in the measurement of lease liabilities 4,071 4,610 4,653
Schedule of non-cash investing and financing activities:      
Proceeds from sale of property, equipment, and leased equipment 78 21 18
Purchases of property, equipment, and operating lease equipment (283) (1,453) (98)
Consideration for acquisitions (2,307) 0 0
Borrowing of non-recourse and recourse notes payable 30,329 39,558 58,619
Repayments of non-recourse and recourse notes payable 0 0 (32)
Debt derecognized due to sales of financial assets (52,133) (30,487) (114,040)
Vesting of share-based compensation 9,477 9,897 8,481
Repurchase of common stock 0 (122) 0
New operating lease assets obtained in exchange for lease obligations $ 4,883 $ 11,886 $ 2,653