XML 16 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 33,352 $ 23,349
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization expense 880 754
Amortization of deferred revenue (727) 267
Provision for accounts and notes receivable 29 558
Provision for long term inventory (117)  
Share based payment expense 4,313 108
Changes in operating assets and liabilities:    
Accounts receivable (684) (2,040)
Consumer loans activity, net (5,205) (5,337)
Notes receivable MHP activity, net (19,169) (10,221)
Dealer inventory loan activity, net (6,937)  
Inventories (7,122) (8,864)
Prepaid expenses and other current assets 146 (358)
Other assets (4,265) (1,208)
Accounts payable and accrued liabilities (3,939) (4,694)
Customer deposits 4,185 2,125
Escrow liability 666 1,008
Dealer incentive liability 638 (222)
Net cash used in operating activities (3,956) (4,775)
Investing activities:    
Purchases of property, plant and equipment (1,506) (2,330)
Issuance of notes receivable (2,423) (13,554)
Notes receivable collections 13,731 5,940
Collections from purchased loans 270 1,462
Net cash provided by (used in) investing activities 10,072 (8,482)
Financing activities:    
Proceeds from other liabilities 2,525  
Proceeds from lines of credit 62,863 46,109
Payments on lines of credit (58,279) (32,811)
Net cash provided by financing activities 7,109 13,298
Net increase in cash and cash equivalents 13,225 41
Cash and cash equivalents at beginning of period 1,042 768
Cash and cash equivalents at end of period 14,267 809
Supplemental disclosure of cash flow information:    
Cash paid for interest 204 464
Cash paid for taxes $ 9,601 $ 5,700