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CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenue:        
Product sales $ 31,652 $ 42,316 $ 62,484 $ 85,497
Consumer, MHP and dealer loans interest 9,844 8,488 20,477 16,193
Other 999 1,832 2,777 3,803
Total net revenue 42,495 52,636 85,738 105,493
Operating expenses:        
Cost of product sales 21,558 29,709 42,024 58,670
Selling, general and administrative expenses 5,574 5,527 11,463 10,938
Dealer incentive (667) (100) (529) 32
Total operating expenses 26,465 35,136 52,958 69,640
Income from operations 16,030 17,500 32,780 35,853
Other income (expense):        
Nonoperating interest income 986 626 2,288 1,321
Miscellaneous, net 3,015 159 3,752 912
Interest expense (235) (195) (511) (285)
Total other income 3,766 590 5,529 1,948
Income before income tax expense 19,796 18,090 38,309 37,801
Income tax expense (3,607) (3,070) (6,980) (6,505)
Net income $ 16,189 $ 15,020 $ 31,329 $ 31,296
Weighted average shares outstanding:        
Basic (in shares) 24,165,320 24,380,894 24,279,038 24,377,803
Diluted (in shares) 24,780,903 25,101,937 24,899,616 25,085,158
Net income per share:        
Basic (in dollars per share) $ 0.67 $ 0.62 $ 1.29 $ 1.28
Diluted (in dollars per share) $ 0.65 $ 0.60 $ 1.26 $ 1.25