XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,531 $ 2,818
Held to maturity securities   8,412
Accounts receivable, net 5,514 4,873
Current portion of contracts - dealer financed 23,589 29,441
Current portion of consumer loans receivable 7,144 6,801
Current portion of notes receivable from mobile home parks ("MHP") 12,499 9,670
Current portion of other notes receivable 4,446 8,927
Inventories 33,735 32,075
Prepaid expenses and other current assets 4,238 4,064
Total current assets 92,696 107,081
Contracts - dealer financed, net 8,528 595
Consumer loans receivable, net 138,866 132,208
Notes receivable from MHP, net 153,643 133,072
Other notes receivable, net 22,294 13,795
Inventories 7,091 6,987
Other assets - leased mobile homes 7,916 8,824
ROU assets - operating leases 2,073 2,663
Other assets 1,560 1,482
Property, plant and equipment, net 31,112 30,106
Total assets 465,779 436,813
Current liabilities:    
Accounts payable 3,972 4,549
Accrued liabilities 15,579 16,895
Customer deposits 8,274 9,715
Escrow liability 10,022 9,653
Operating lease obligations 561 650
Lines of credit 4,685  
Total current liabilities 43,093 41,462
Longterm liabilities:    
Operating lease obligations, less current portion 1,615 2,121
Lines of credit   2,545
Deferred income taxes, net 2,862 3,065
Dealer incentive liability 5,020 5,516
Total liabilities 52,590 54,709
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $.001 par value, 10,000,000 shares authorized: no shares issued or outstanding
Common stock, $.001 par value, 90,000,000 shares authorized; 24,836,862 and 24,814,695 issued and 24,391,797 and 24,369,630 outstanding at June 30, 2023 and December 31, 2022, respectively 30 30
Treasury stock at cost, 445,065 shares at June 30, 2023 and December 31, 2022 (4,477) (4,477)
Additional paid-in-capital 181,042 180,555
Retained earnings 236,594 205,996
Total stockholders' equity 413,189 382,104
Total liabilities and stockholders' equity $ 465,779 $ 436,813