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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 1,149 $ 748
Accounts receivable, net 3,985 4,656
Dealer financed receivables, net 32,585 32,538
Consumer loans receivable, current 8,623 7,682
Notes receivable from mobile home parks ("MHP"), current 23,770 18,156
Other notes receivable, current 12,152 6,013
Inventories 37,538 40,969
Prepaid expenses and other current assets 4,504 4,915
Total current assets 124,306 115,677
Consumer loans receivable, net 165,482 148,818
Notes receivable from mobile home parks ("MHP"), net 182,694 163,824
Other notes receivable, net 2,764 28,577
Other assets - leased mobile homes 4,557 7,601
ROU assets - operating leases 1,321 1,794
Other assets 5,485 2,571
Property, plant and equipment, net 47,585 37,880
Total assets 534,194 506,742
Current liabilities:    
Accounts payable 5,091 4,090
Accrued liabilities 13,672 18,504
Customer deposits 1,880 4,146
Escrow liability 11,623 10,104
Operating lease obligation 476 489
Total current liabilities 32,742 37,333
Long-term liabilities:    
Operating lease obligation, less current portion 920 1,396
Lines of credit   23,680
Deferred income taxes, net 2,206 2,338
Dealer incentive liability 4,370 5,260
Total liabilities 40,238 70,007
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $.001 par value, 10,000,000 shares authorized: no shares issued or outstanding
Common stock, $.001 par value, 90,000,000 shares authorized; 24,865,906 and 24,843,494 issued and 24,158,311 and 24,398,429 outstanding at December 31, 2024 and 2023, respectively 31 30
Treasury stock at cost, 707,595 and 445,065 shares at December 31, 2024 and 2023, respectively (9,875) (4,477)
Additional paid-in-capital 182,400 181,424
Retained earnings 321,400 259,758
Total stockholders' equity 493,956 436,735
Total liabilities and stockholders' equity $ 534,194 $ 506,742