XML 41 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Net income $ 13,346,000 $ 15,396,000
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Provision for credit losses 54,826,000 45,310,000
Losses on claims for payment protection plan 4,060,000 3,292,000
Depreciation and amortization 1,572,000 1,358,000
Amortization of debt issuance costs 118,000 110,000
Loss on sale of property and equipment 39,000  
Stock based compensation 890,000 1,184,000
Deferred income taxes 543,000 755,000
Change in operating assets and liabilities:    
Finance receivable originations (203,688,000) (182,140,000)
Finance receivable collections 102,986,000 96,730,000
Accrued interest on finance receivables (161,000) (270,000)
Inventory 24,375,000 18,879,000
Prepaid expenses and other assets (455,000) 77,000
Accounts payable and accrued liabilities 1,000 (857,000)
Deferred payment protection plan revenue 544,000 799,000
Income taxes, net 2,188,000 (87,000)
Excess tax benefit from share based compensation (14,000) (93,000)
Net cash provided by operating activities 1,170,000 443,000
Investing Activities:    
Purchase of property and equipment (3,979,000) (1,960,000)
Proceeds from sale of property and equipment 2,000  
Net cash used in investing activities (3,977,000) (1,960,000)
Financing Activities:    
Exercise of stock options and warrants 105,000 584,000
Excess tax benefit from share based compensation 14,000 93,000
Issuance of common stock 79,000 69,000
Purchase of common stock (531,000) (14,667,000)
Dividend payments (20,000) (20,000)
Debt issuance costs (200,000) (56,000)
Change in cash overdrafts 1,142,000 2,226,000
Proceeds from revolving credit facilities 151,577,000 153,609,000
Payments on revolving credit facilities (149,290,000) (140,197,000)
Net cash provided by financing activities 2,876,000 1,641,000
Increase in cash and cash equivalents 69,000 124,000
Cash and cash equivalents, beginning of period 272,000 276,000
Cash and cash equivalents, end of period $ 341,000 $ 400,000