XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 66,852 $ 80,179
Accounts receivable-trade, net 178,506 211,314
Accounts receivable-other, net 28,932 31,902
Inventories-net 29,661 22,629
Financing receivables-net, current 57,982 57,749
Deferred costs 9,356 10,819
Deferred tax assets 3,742 3,742
Other current assets 12,845 6,925
Total current assets 387,876 425,259
Financing receivables and operating leases - net 100,412 85,990
Property, equipment and other assets 7,995 8,013
Goodwill and other intangible assets 34,203 34,583
TOTAL ASSETS 530,486 553,845
Current liabilities:    
Accounts payable-equipment 23,856 6,772
Accounts payable-trade 36,393 61,940
Accounts payable-floor plan 103,960 93,416
Salaries and commissions payable 10,989 12,401
Deferred revenue 19,271 21,840
Recourse notes payable - current 311 1,460
Non-recourse notes payable - current 34,589 30,907
Other current liabilities 14,706 15,382
Total current liabilities 244,075 244,118
Recourse notes payable - long term 1,638 2,100
Non-recourse notes payable - long term 29,630 34,421
Deferred tax liability - long term 5,001 5,001
Other liabilities 1,480 1,822
TOTAL LIABILITIES 281,824 287,462
COMMITMENTS AND CONTINGENCIES (Note 7)      
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 per share par value; 2,000 shares authorized; none issued or outstanding 0 0
Common stock, $.01 per share par value; 25,000 shares authorized; 13,105 issued and 7,528 outstanding at June 30, 2014 and 13,026 issued and 8,036 outstanding at March 31, 2014 131 130
Additional paid-in capital 107,858 105,924
Treasury stock, at cost, 5,577 and 4,990 shares, respectively (109,743) (80,494)
Retained earnings 250,114 240,637
Accumulated other comprehensive income-foreign currency translation adjustment 302 186
Total Stockholders' Equity 248,662 266,383
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 530,486 $ 553,845