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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 42,264 $ 15,459
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,932 9,791
Share-based compensation expense 4,656 2,037
Gain from sale of land, property and equipment (30) (31,607)
Other 187 2,223
Changes in operating assets and liabilities:    
Inventories (25,148) (23)
Customer deposits 29,896 27,417
Operating lease assets and liabilities, net 3,248 629
Other assets and liabilities (5,089) (3,609)
Accounts payable and accrued liabilities (277) 2,149
Net cash provided by operating activities 57,639 24,466
Cash Flows from Investing Activities    
Capital expenditures (10,939) (4,331)
Proceeds from sale of land, property and equipment 33 69,468
Net cash (used in) provided by investing activities (10,906) 65,137
Cash Flows from Financing Activities    
Proceeds from borrowings under revolving credit facility 0 43,800
Payments of borrowings under revolving credit facility 0 (43,800)
Net change in borrowings under revolving credit facility 0 0
Dividends paid (8,550) (6,558)
Common stock repurchased 0 (6,810)
Other (2,894) (873)
Net cash used in financing activities (11,444) (14,241)
Increase in cash, cash equivalents and restricted cash equivalents during the period 35,289 75,362
Cash, cash equivalents and restricted cash equivalents at beginning of period 206,771 82,402
Cash, cash equivalents and restricted cash equivalents at end of period $ 242,060 $ 157,764