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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash Flows From Operating Activities              
Net income $ 8,068 $ 2,987 $ 1,858 $ 1,844 $ 11,055 $ 3,702  
Adjustments to reconcile net income to net cash provided by operating activities:              
Stock based compensation 340   1,112   1,020 2,626  
Bad debt expense         149 148  
Depreciation and amortization of property and equipment         3,213 3,428  
Amortization of intangible assets         2,095 1,907  
Amortization of debt discount         85 175  
Non-cash lease expense         107  
Loss on sale of property and equipment 6     8 2  
Changes in operating assets and liabilities:              
Receivables         (14,040) (3,295)  
Inventories         71,326 49,049  
Prepaid expenses and other         (167) (90)  
Income tax receivable/payable         3,770 2,399  
Other assets         (95) 103  
Accounts payable, accrued expenses and other current liabilities         6,977 (1,107)  
Operating lease liability         (1,893)  
Total Adjustments         72,555 55,345  
Net Cash Provided By Operating Activities         83,610 59,047  
Cash Flows From Investing Activities              
Cash paid for acquisitions         (2,749)  
Proceeds from sales of property and equipment         4,963 20  
Purchases of property and equipment         (2,979) (5,919)  
Net Cash Used In Investing Activities         (765) (5,899)  
Cash Flows From Financing Activities              
Net repayments under M&T bank floor plan         (63,057) (48,893)  
Borrowings under Houston mortgage with M&T bank and PPP Loans         13,710  
Repayment of long term debt with M&T bank         (725) (1,450)  
Proceeds from financing liability         3,476  
Repayments of financing liability         (480) (341)  
Payment of dividends on Series A preferred stock         (1,210)  
Repurchase of Unit Purchase Options         (500)  
Repurchase of Treasury Stock         (184)  
Proceeds from shares issued pursuant to the Employee Stock Purchase Plan         150  
Repayments of acquisition notes payable         (1,536) (681)  
Loan issuance costs         (131)  
Net Cash Used In Financing Activities         (52,253) (49,599)  
Net Increase In Cash         30,592 3,549  
Cash - Beginning   $ 31,458   $ 26,603 31,458 26,603 $ 26,603
Cash - Ending $ 62,050   $ 30,152   62,050 30,152 $ 31,458
Supplemental Disclosures of Cash Flow Information:              
Cash paid during the period for interest         4,710 5,488  
Cash paid during the period for income taxes net of refunds received         66 886  
Non-Cash Investing and Financing Activities              
Rental vehicles transferred to inventory, net         218  
Fixed assets purchased with accounts payable            
Accrued dividends on Series A Preferred Stock         3,328 2,709  
Operating lease assets - ASC 842 adoption         (17,781)  
Operating lease liabilities - ASC 842 adoption         17,845  
Operating lease assets - new         (655)  
Operating lease liabilities - new         655  
Net assets acquired in acquisitions         $ 2,749