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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 58,649 $ 66,511
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,580 12,285
Provision for credit losses 1,051 1,079
Share-based compensation expense 5,452 4,619
Loss (gain) on disposal of property, equipment, and operating lease equipment 92 (293)
Changes in:    
Accounts receivable 78,286 (145,632)
Inventories 56,198 21,739
Financing receivables-net (42,089) (29,018)
Deferred costs and other assets (38,879) (5,436)
Accounts payable-trade (58,333) 69,537
Salaries and commissions payable, deferred revenue, and other liabilities 2,492 14,945
Net cash provided by operating activities 75,499 10,336
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 158 377
Purchases of property, equipment, and operating lease equipment (3,258) (5,608)
Cash used in acquisitions, net of cash acquired (124,646) (48,603)
Net cash used in investing activities (127,746) (53,834)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 13,598 191,639
Repayments of non-recourse and recourse notes payable (14,378) (180,103)
Proceeds from issuance of common stock 1,811 1,398
Repurchase of common stock (23,551) (8,352)
Payments to settle liabilities for acquisitions (2,307) 0
Net borrowings on floor plan facility 10,556 18,032
Net cash provided by (used in) financing activities (14,271) 22,614
Effect of exchange rate changes on cash 1,025 289
Net decrease in cash and cash equivalents (65,493) (20,595)
Cash and cash equivalents, beginning of period 253,021 103,093
Cash and cash equivalents, end of period 187,528 82,498
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,210 1,875
Cash paid for income taxes 35,071 22,657
Cash paid for amounts included in the measurement of lease liabilities 2,676 2,543
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 13 25
Purchases of property, equipment, and operating lease equipment (545) (282)
Consideration for acquisitions (272) 0
Borrowing of non-recourse and recourse notes payable 14,586 21,387
Debt derecognized due to sales of financial assets (11,303) (19,703)
Vesting of share-based compensation 11,576 9,328
Repurchase of common stock (99) (65)
New operating lease assets obtained in exchange for lease obligations $ 6,329 $ 3,122