XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 16,276 $ 16,092
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 430 430
Amortization of deferred revenue (290) (408)
Amortization of treasury note discount (40)  
Amortization of lines of credit cost 19  
Provision for accounts and notes receivable (43) 37
Provision for inventory 19 (130)
Gain from sale of leased property (507)  
Amortization of operating lease right of use asset 14  
Share based payment expense 192 4,007
Changes in operating assets and liabilities:    
Accounts receivable 915 (1,843)
Consumer loans activity, net (2,287) (1,617)
Notes receivable MHP activity, net (11,667) (7,336)
Dealer inventory loan activity, net (2,189) (3,249)
Inventories (726) (7,484)
Prepaid expenses and other current assets 305 389
Other assets (538) (4,058)
Accounts payable and accrued liabilities 109 3,035
Right of use activity, net (14)  
Customer deposits (2,369) 1,025
Escrow liability (380) (208)
Dealer incentive liability 80 261
Net cash (used in) provided by operating activities (2,691) (1,057)
Investing activities:    
Purchases of property, plant and equipment (761) (863)
Proceeds from sale of leased property 1,108  
Issuance of notes receivable (3,107) (1,561)
Notes receivable collections 468 5,046
Collections from purchased loans 106 132
Net cash (used in) provided by investing activities (2,186) 2,754
Financing activities:    
Proceeds from other liabilities   2,706
Proceeds from lines of credit 20,188 20,331
Payments on lines of credit (14,896) (23,248)
Net cash provided by (used in) financing activities 5,292 (211)
Net increase in cash and cash equivalents 415 1,486
Cash and cash equivalents at beginning of year 2,818 1,042
Cash and cash equivalents at end of year 3,233 2,528
Supplemental disclosure of cash flow information:    
Cash paid for interest 59 44
Cash paid for taxes $ 3,827 $ 3,064