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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities:    
Net income $ 61,642 $ 54,460
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 1,906 1,726
Amortization of deferred revenue (2,031) (1,285)
Amortization of other costs   (76)
Amortization of lines of credit cost 68 70
Provision for accounts and notes receivable (240) 1,354
Provision for long term inventory 249 49
Gain from sale of assets (2,062) (507)
Gain from loan settlements (6,084)  
Non-cash operating lease expense (44) (50)
Deferred income taxes (132) (524)
Share based payment expense 777 769
Other non cash items   (12)
Changes in operating assets and liabilities:    
Accounts receivable 744 (155)
Consumer loans activity, net (17,102) (17,362)
Notes receivable MHP activity, net (1,349) (39,192)
Dealer inventory loan activity, net 200 (2,930)
Inventories 3,181 (1,956)
Prepaid expenses and other current assets (1,065) (1,323)
Other assets - leased mobile homes 2,524  
Other assets (155) (1,246)
Accounts payable and accrued liabilities (3,487) (5)
Right of use activity, net 27 33
Customer deposits (2,203) (5,569)
Escrow liability 1,519 451
Dealer incentive liability (890) (256)
Net cash provided by (used in) operating activities 35,993 (13,536)
Investing activities:    
Purchases of property, plant and equipment (9,212) (7,713)
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 (5,541) (14,786)
Notes receivable collections 6,449 2,745
Purchases of loans (217)  
Collections from purchased loans 234 377
Net cash used in investing activities (6,714) (9,769)
Financing activities:    
Proceeds from exercise of stock options 200 100
Purchases of treasury stock (5,398)  
Proceeds from lines of credit 46,410 110,761
Payments on lines of credit (70,090) (89,626)
Net cash (used in) provided by financing activities (28,878) 21,235
Net increase (decrease) in cash 401 (2,070)
Cash at beginning of period 748 2,818
Cash at end of period 1,149 748
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,004 478
Cash paid for taxes $ 14,997 $ 18,859