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CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenue:        
Product sales $ 30,169 $ 37,008 $ 92,653 $ 122,505
Consumer, MHP and dealer loans interest 10,330 8,803 30,807 24,996
Other 3,767 4,126 6,544 7,929
Total net revenue 44,266 49,937 130,004 155,430
Operating expenses:        
Cost of product sales 21,364 24,820 63,389 83,490
Cost of other sales 1,988   1,988  
Selling, general and administrative expenses 6,065 6,108 17,528 17,046
Dealer incentive (475) (5) (1,005) 27
Total operating expenses 28,942 30,923 81,900 100,563
Income from operations 15,324 19,014 48,104 54,867
Other income (expense):        
Nonoperating interest income (17) 794 2,270 2,115
Miscellaneous, net 4,193 (37) 7,945 875
Interest expense (175) (303) (686) (588)
Total other income 4,001 454 9,529 2,402
Income before income tax expense 19,325 19,468 57,633 57,269
Income tax expense (3,522) (3,380) (10,502) (9,885)
Net income $ 15,803 $ 16,088 $ 47,131 $ 47,384
Weighted average shares outstanding:        
Basic (in shares) 24,154,779 24,391,797 24,237,405 24,382,519
Diluted (in shares) 24,810,816 25,128,679 24,870,712 25,099,985
Net income per share:        
Basic (in dollars per share) $ 0.65 $ 0.66 $ 1.94 $ 1.94
Diluted (in dollars per share) $ 0.64 $ 0.64 $ 1.90 $ 1.89