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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 31,296 $ 33,352
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 849 880
Amortization of deferred revenue (573) (727)
Amortization of treasury note discount (76)  
Amortization of lines of credit cost 36  
Provision for accounts and notes receivable 86 29
Provision for inventory 45 (117)
Gain from sale of leased property (507)  
Amortization of operating lease right of use asset (26)  
Gain on disposal of treasury note (12)  
Share-based payment expense 387 4,313
Changes in operating assets and liabilities:    
Accounts receivable (695) (684)
Consumer loans activity, net (7,000) (5,205)
Notes receivable MHP activity, net (23,339) (19,169)
Dealer inventory loan activity, net (2,386) (6,937)
Inventories (1,810) (7,122)
Prepaid expenses and other current assets (288) 146
Other assets (10) (4,265)
Accounts payable and accrued liabilities (1,894) (3,939)
Right of use activity, net 20  
Customer deposits (1,441) 4,185
Escrow liability 370 666
Dealer incentive liability (496) 638
Net cash used in operating activities (7,464) (3,956)
Investing activities:    
Purchases of property, plant and equipment (1,537) (1,506)
Proceeds from sale of leased property 1,108  
Sale of investments - treasury notes 8,500  
Issuance of notes receivable (5,250) (2,423)
Notes receivable collections 946 13,731
Collections from purchased loans 170 270
Net cash provided by investing activities 3,937 10,072
Financing activities:    
Proceeds from exercise of stock options 100  
Proceeds from other liabilities   2,525
Proceeds from lines of credit 42,242 62,863
Payments on lines of credit (40,102) (58,279)
Net cash provided by financing activities 2,240 7,109
Net (decrease) increase in cash and cash equivalents (1,287) 13,225
Cash and cash equivalents at beginning of period 2,818 1,042
Cash and cash equivalents at end of period 1,531 14,267
Supplemental disclosure of cash flow information:    
Cash paid for interest 209 204
Cash paid for taxes $ 10,395 $ 9,601