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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net earnings $ 66,511 $ 50,808
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,285 9,539
Provision for credit losses 1,079 1,739
Share-based compensation expense 4,619 3,731
Gain on disposal of property, equipment, and operating lease equipment (293) (3,052)
Changes in:    
Accounts receivable (145,632) (93,103)
Inventories-net 21,739 (122,182)
Financing receivables-net (29,018) (23,164)
Deferred costs and other assets (5,436) (24,711)
Accounts payable-trade 69,537 49,626
Salaries and commissions payable, deferred revenue, and other liabilities 14,945 31,098
Net cash provided by (used in) operating activities 10,336 (119,671)
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 377 3,114
Purchases of property, equipment and operating lease equipment (5,608) (2,410)
Cash used in acquisitions, net of cash acquired (48,603) (12,998)
Net cash used in investing activities (53,834) (12,294)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 191,639 142,271
Repayments of non-recourse and recourse notes payable (180,103) (54,597)
Proceeds from issuance of common stock 1,398 0
Repurchase of common stock (8,352) (7,224)
Net borrowings (repayments) on floor plan facility 18,032 (9,108)
Net cash provided by financing activities 22,614 71,342
Effect of exchange rate changes on cash 289 4,776
Net decrease in cash and cash equivalents (20,595) (55,847)
Cash and cash equivalents, beginning of period 103,093 155,378
Cash and cash equivalents, end of period 82,498 99,531
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,875 1,111
Cash paid for income taxes 22,657 28,878
Cash paid for amounts included in the measurement of lease liabilities 2,543 2,300
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 25 35
Purchases of property, equipment, and operating lease equipment (282) (720)
Consideration for acquisitions 0 (290)
Borrowing of non-recourse and recourse notes payable 21,387 15,532
Vesting of share-based compensation 9,328 9,811
Repurchase of common stock (65) 0
New operating lease assets obtained in exchange for lease obligations $ 3,122 $ 2,353