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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 31,329 $ 31,296
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 898 849
Amortization of deferred revenue (1,078) (573)
Provision for accounts and notes receivable 169 86
Provision for long term inventory 174 45
Gain from sale of assets (1,341) (507)
Non-cash operating lease expense (23) (26)
Share based payment expense 431 387
Other non cash items 34 (52)
Changes in operating assets and liabilities:    
Accounts receivable 421 (695)
Consumer loans activity, net (4,952) (7,000)
Notes receivable MHP activity, net (5,428) (23,339)
Dealer inventory loan activity, net (183) (2,386)
Inventories 148 (1,810)
Prepaid expenses and other current assets (1,259) (288)
Other assets - leased mobile homes 2,427  
Other assets (1,557) (10)
Accounts payable and accrued liabilities (5,076) (1,894)
Right of use activity, net 15 20
Customer deposits (1,920) (1,441)
Escrow liability 1,682 370
Dealer incentive liability (646) (496)
Net cash provided by (used in) operating activities 14,265 (7,464)
Investing activities:    
Purchases of property, plant and equipment (2,608) (1,537)
Proceeds from sale of leased property   1,108
Proceeds from sale of property 1,573  
Sale of investments - treasury notes   8,500
Issuance of notes receivable (1,731) (5,250)
Notes receivable collections 4,799 946
Collections from purchased loans 109 170
Net cash provided by investing activities 2,142 3,937
Financing activities:    
Proceeds from exercise of stock options 100 100
Purchases of treasury stock (5,376)  
Proceeds from lines of credit 30,237 42,242
Payments on lines of credit (42,056) (40,102)
Net cash (used in) provided by financing activities (17,095) 2,240
Net decrease in cash (688) (1,287)
Cash at beginning of period 748 2,818
Cash at end of period 60 1,531
Supplemental disclosure of cash flow information:    
Cash paid for interest 680 209
Cash paid for taxes $ 9,176 $ 10,395