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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net earnings $ 82,782 $ 93,793
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 20,940 19,561
Provision for credit losses 2,669 1,027
Share-based compensation expense 8,385 7,145
Deferred taxes (472) (153)
Loss (gain) on disposal of property, equipment, and operating lease equipment (1,268) (263)
Changes in:    
Accounts receivable 83,254 (68,329)
Inventories 50,660 26,623
Financing receivables—net (67,316) (32,666)
Deferred costs and other assets (39,319) (13,695)
Accounts payable—trade (26,556) 68,164
Salaries and commissions payable, deferred revenue, and other liabilities 27,439 42,285
Net cash provided by operating activities 141,198 143,492
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 2,357 469
Purchases of property, equipment, and operating lease equipment (4,745) (7,704)
Cash used in acquisitions, net of cash acquired (124,926) (48,603)
Net cash used in investing activities (127,314) (55,838)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 25,069 293,809
Repayments of non-recourse and recourse notes payable (17,004) (277,612)
Proceeds from issuance of common stock 3,635 3,019
Repurchase of common stock (33,459) (9,816)
Payments to settle liabilities for acquisitions (2,307) 0
Net borrowings (repayments) on floor plan facility 10,640 (58,051)
Net cash used in financing activities (13,426) (48,651)
Effect of exchange rate changes on cash (405) 74
Net increase in cash and cash equivalents 53 39,077
Cash and cash equivalents, beginning of period 253,021 103,093
Cash and cash equivalents, end of period 253,074 142,170
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,716 2,924
Cash paid for income taxes 44,505 32,732
Cash paid for amounts included in the measurement of lease liabilities 4,331 2,992
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 1 11
Purchases of property, equipment, and operating lease equipment (431) (165)
Borrowing of non-recourse and recourse notes payable 16,210 30,329
Debt derecognized due to sales of financial assets (26,669) (38,465)
Vesting of share-based compensation 11,872 9,434
Repurchase of common stock (369)  
New operating lease assets obtained in exchange for lease obligations $ 6,329 $ 4,883