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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 47,131 $ 47,384
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 1,402 1,279
Amortization of deferred revenue (1,641) (956)
Provision for accounts and notes receivable (205) 955
Provision for long term inventory 234 15
Gain from sale of assets (1,341) (507)
Gain from loan settlements (3,448)  
Non-cash operating lease expense (34) (38)
Share based payment expense 604 586
Other non cash items 51 (35)
Changes in operating assets and liabilities:    
Accounts receivable (388) 490
Consumer loans activity, net (10,058) (12,199)
Notes receivable MHP activity, net (3,765) (36,868)
Dealer inventory loan activity, net 1,110 (2,831)
Inventories 1,709 (3,011)
Prepaid expenses and other current assets 1,116 (1,497)
Other assets - leased mobile homes 2,560  
Other assets (1,008) (10)
Accounts payable and accrued liabilities (5,903) 5,110
Right of use activity, net 21 25
Customer deposits (1,658) (3,839)
Escrow liability 2,596 1,355
Dealer incentive liability (985) (692)
Net cash provided by (used in) operating activities 28,100 (5,284)
Investing activities:    
Purchases of property, plant and equipment (7,323) (4,572)
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 (1,700) (13,946)
Notes receivable collections 5,775 1,028
Collections from purchased loans 164 326
Net cash provided by investing activities (1,511) (7,556)
Financing activities:    
Proceeds from exercise of stock options 200 100
Purchases of treasury stock (5,398)  
Proceeds from lines of credit 45,391 84,336
Payments on lines of credit (66,960) (73,868)
Net cash (used in) provided by financing activities (26,767) 10,568
Net decrease in cash (178) (2,272)
Cash at beginning of period 748 2,819
Cash at end of period 570 547
Supplemental disclosure of cash flow information:    
Cash paid for interest 905 272
Cash paid for taxes $ 12,188 $ 10,512