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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 19,361 $ 19,406
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,272 3,992
Share-based compensation expense 2,307 2,679
Other (1,877) (915)
Changes in operating assets and liabilities:    
Inventories (7,826) (13,661)
Customer deposits (369) 18,545
Other assets and liabilities 1,120 (2,777)
Accounts payable and accrued liabilities 3,590 (7,668)
Net cash provided by operating activities 20,578 19,601
Cash Flows from Investing Activities    
Capital expenditures (7,107) (4,745)
Net cash used in investing activities (7,107) (4,745)
Cash Flows from Financing Activities    
Proceeds from borrowings under revolving credit facility 0 0
Payments of borrowings under revolving credit facility 0 0
Net change in borrowings under revolving credit facilities 0 0
Dividends paid (4,260) (3,987)
Common stock repurchased (12,501) 0
Other (517) (801)
Net cash used in financing activities (17,278) (4,788)
(Decrease) increase in cash, cash equivalents and restricted cash equivalents during the period (3,807) 10,068
Cash, cash equivalents and restricted cash equivalents at beginning of period 172,862 206,771
Cash, cash equivalents and restricted cash equivalents at end of period $ 169,055 $ 216,839