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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Operating Activities    
Net Income (Loss) Attributable to Parent $ 43,612 $ 18,574
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation and amortization 16,336 17,731
Impairment 1,498 2,771
Deferred income taxes (3,116) 2,117
Stock-based compensation expense 1,850 1,872
Noncash interest expense 163 125
Noncash lease expense 7,558 8,613
Other, net 690 (694)
Changes in assets and liabilities    
Receivables, prepaid expenses and other assets 18,463 (4,479)
Inventories 3,181 76,495
Manufacturer floorplan payable 45,801 (46,466)
Accounts payable, deferred revenue, accrued expenses and other and other long-term liabilities (18,532) (15,555)
Operating lease liabilities (8,303) (9,248)
Net Cash Provided by Operating Activities 72,275 60,814
Investing Activities    
Rental fleet purchases (12,159) (6,799)
Property and equipment purchases (excluding rental fleet) (17,534) (9,406)
Proceeds from sale of property and equipment 667 795
Acquisition consideration, net of cash acquired 0 6,790
Other, net 20 (16)
Net Cash Used for Investing Activities (29,006) (22,216)
Financing Activities    
Net change in non-manufacturer floorplan payable (30,104) (40,779)
Proceeds from long-term debt borrowings 6,380 5,326
Principal payments on long-term debt and finance leases 6,593 4,417
Payment of debt issuance costs 0 (700)
Other, net (998) (209)
Net Cash Used for Financing Activities (31,315) (40,779)
Effect of Exchange Rate Changes on Cash (404) 268
Net Change in Cash 11,550 (1,913)
Cash at Beginning of Period 78,990 43,721
Cash at End of Period 90,540 41,808
Cash paid during the period    
Income taxes, net of refunds 22,130 31
Interest 4,091 5,813
Supplemental Disclosures of Noncash Investing and Financing Activities    
Net property and equipment financed with long-term debt, finance leases, accounts payable and accrued liabilities 15,795 8,555
Long-term debt to acquire finance leases 7,761 0
Net transfer of assets from (to) property and equipment to (from) inventories $ 2,168 $ 2,731