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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 15,140 $ 16,276
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization expense 423 430
Amortization of deferred revenue (729) (290)
Provision for accounts and notes receivable (171) (43)
Provision for long term inventory 89 19
Gain from sale of leased property (57) (507)
Non-cash operating lease expense (12) 14
Share based payment expense 257 192
Other non cash items 17 (21)
Changes in operating assets and liabilities:    
Accounts receivable 237 915
Consumer loans activity, net (2,428) (2,287)
Notes receivable MHP activity, net (1,245) (11,667)
Dealer inventory loan activity, net (1,228) (2,189)
Inventories (2,097) (726)
Prepaid expenses and other current assets (754) 305
Other assets - leased mobile homes 2,427  
Other assets (694) (538)
Accounts payable and accrued liabilities 772 109
Right of use activity, net 7 (14)
Customer deposits (37) (2,369)
Escrow liability 849 (380)
Dealer incentive liability 40 80
Net cash provided by (used in) operating activities 10,806 (2,691)
Investing activities:    
Purchases of property, plant and equipment (871) (761)
Proceeds from sale of leased property   1,108
Proceeds from sale of property 22  
Issuance of notes receivable (590) (3,107)
Notes receivable collections 4,107 468
Collections from purchased loans 53 106
Net cash provided by (used in) investing activities 2,721 (2,186)
Financing activities:    
Proceeds from exercise of stock options 100  
Purchases of treasury stock (1,871)  
Proceeds from lines of credit 12,736 20,188
Payments on lines of credit (24,619) (14,896)
Net cash (used in) provided by financing activities (13,654) 5,292
Net (decrease) increase in cash (127) 415
Cash at beginning of period 748 2,818
Cash at end of period 621 3,233
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 411 59
Cash paid for taxes   $ 3,827