XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 144,382 $ 86,231
Accounts receivable-trade, net 393,044 374,998
Accounts receivable-other, net 33,076 36,570
Inventories 93,323 50,268
Financing receivables-net, current 116,120 70,169
Deferred costs 20,785 22,306
Other current assets 6,102 9,256
Total current assets 806,832 649,798
Financing receivables and operating leases-net 68,862 74,158
Property, equipment and other assets 33,025 32,596
Goodwill 118,097 118,097
Other intangible assets-net 32,046 34,464
TOTAL ASSETS 1,058,862 909,113
Current liabilities:    
Accounts payable 136,507 82,919
Accounts payable-floor plan 175,701 127,416
Salaries and commissions payable 26,460 30,952
Deferred revenue 57,271 55,480
Recourse notes payable-current 37,271 37,256
Non-recourse notes payable-current 55,667 29,630
us-gaap_OtherLiabilitiesCurrent 30,683 22,986
Total current liabilities 519,560 386,639
Non-recourse notes payable-long term 5,500 5,872
Deferred tax liability-net 2,731 2,730
us-gaap_OtherLiabilitiesNoncurrent 28,346 27,727
TOTAL LIABILITIES 556,137 422,968
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 per share par value; 2,000 shares authorized; none outstanding 0 0
Common stock, $.01 per share par value; 25,000 shares authorized; 13,553 outstanding at June 30, 2020 and 13,500 outstanding at March 31, 2020 145 144
Additional paid-in capital 147,082 145,197
Treasury stock, at cost, 934 shares at June 30, 2020 and 896 shares at March 31, 2020 (71,127) (68,424)
Retained earnings 427,579 410,219
Accumulated other comprehensive income-foreign currency translation adjustment (954) (991)
Total Stockholders' Equity 502,725 486,145
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,058,862 $ 909,113