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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net earnings $ 50,808 $ 54,931
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 9,539 12,044
Provision for credit losses 1,739 98
Share-based compensation expense 3,731 3,575
Deferred taxes 0 (1)
Payments from lessees directly to lenders-operating leases 0 (32)
Gain on disposal of property, equipment, and operating lease equipment (3,052) (525)
Changes in:    
Accounts receivable (93,103) (85,463)
Inventories-net (122,182) (64,661)
Financing receivables-net (23,164) (18,019)
Deferred costs and other assets (24,711) (6,115)
Accounts payable-trade 49,626 (43,375)
Salaries and commissions payable, deferred revenue, and other liabilities 31,098 12,539
Net cash used in operating activities (119,671) (135,004)
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 3,114 2,553
Purchases of property, equipment and operating lease equipment (2,410) (16,243)
Cash used in acquisitions, net of cash acquired (12,998) 0
Net cash used in investing activities (12,294) (13,690)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 142,271 64,815
Repayments of non-recourse and recourse notes payable (54,597) (29,386)
Repurchase of common stock (7,224) (6,874)
Net borrowings (repayments) on floor plan facility (9,108) 47,227
Net cash provided by financing activities 71,342 75,782
Effect of exchange rate changes on cash 4,776 300
Net decrease in cash and cash equivalents (55,847) (72,612)
Cash and cash equivalents, beginning of period 155,378 129,562
Cash and cash equivalents, end of period 99,531 56,950
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,111 683
Cash paid for income taxes 28,878 24,511
Cash paid for amounts included in the measurement of lease liabilities 2,300 2,280
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 35 100
Purchases of property, equipment, and operating lease equipment (720) (2,386)
Consideration for acquisitions (290) 0
Borrowing of non-recourse and recourse notes payable 15,532 41,195
Repayments of non-recourse and recourse notes payable 0 (32)
Vesting of share-based compensation 9,811 8,398
New operating lease assets obtained in exchange for lease obligations $ 2,353 $ 1,070