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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 54,931 $ 37,206
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,044 9,460
Provision for credit losses 98 1,766
Share-based compensation expense 3,575 3,648
Deferred taxes (1) 1,032
Payments from lessees directly to lenders-operating leases (32) (13)
Gain on disposal of property, equipment, and operating lease equipment (525) (278)
Changes in:    
Accounts receivable (85,463) 1,755
Inventories-net (64,661) (23,381)
Financing receivables-net (18,019) (54,386)
Deferred costs and other assets (6,115) (1,052)
Accounts payable-trade (43,375) 21,717
Salaries and commissions payable, deferred revenue, and other liabilities 12,539 10,934
Net cash provided by (used in) operating activities (135,004) 8,408
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 2,553 456
Purchases of property, equipment and operating lease equipment (16,243) (3,267)
Net cash used in investing activities (13,690) (2,811)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 64,815 23,613
Repayments of non-recourse and recourse notes payable (29,386) (40,529)
Repurchase of common stock (6,874) (4,487)
Repayments of financing of acquisitions 0 (421)
Net borrowings (repayments) on floor plan facility 47,227 91,554
Net cash provided by financing activities 75,782 69,730
Effect of exchange rate changes on cash 300 (477)
Net increase (decrease) in cash and cash equivalents (72,612) 74,850
Cash and cash equivalents, beginning of period 129,562 86,231
Cash and cash equivalents, end of period 56,950 161,081
Supplemental disclosures of cash flow information:    
Cash paid for interest 683 739
Cash paid for income taxes 24,511 12,348
Cash paid for amounts included in the measurement of lease liabilities 2,280 2,975
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 100 0
Purchases of property, equipment, and operating lease equipment (2,386) (393)
Borrowing of non-recourse and recourse notes payable 41,195 35,780
Repayments of non-recourse and recourse notes payable (32) (13)
Vesting of share-based compensation 8,398 7,916
New operating lease assets obtained in exchange for lease obligations $ 1,070 $ 774