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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Operating activities:          
Net income     $ 24,971 $ 31,329  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization expense     858 898  
Amortization of deferred revenue     (709) (1,078)  
Provision for accounts and notes receivable     1,585 169  
Provision for inventories     35 174  
Gain from sale of property     (92)    
Gain from sale of assets       (1,341)  
Gain from foreclosure of property     (329)    
Non-cash operating lease expense     (9) (23)  
Share based compensation expense     344 431  
Other non cash items       34  
Changes in operating assets and liabilities:          
Accounts receivable     (500) 421  
Consumer loans activity, net     (12,573) (4,952)  
Notes receivable MHP activity, net     3,504 (5,428)  
Dealer inventory loan activity, net     20 (183)  
Inventories, net     (3,017) 148  
Prepaid expenses and other current assets     106 (1,259)  
Other assets - leased mobile homes     271 2,427  
Other assets     (2,558) (1,557)  
Accounts payable and accrued liabilities     (3,080) (5,076)  
Right of use activity, net       15  
Customer deposits     489 (1,920)  
Escrow liability     1,553 1,682  
Dealer incentive liability     101 (646)  
Net cash provided by operating activities     10,970 14,265  
Investing activities:          
Purchases of property, plant and equipment     (3,636) (2,608)  
Proceeds from sale of property     194 1,573  
Issuance of notes receivable     (1,336) (1,731)  
Notes receivable collections     1,574 4,799  
Purchases of loans     (113)    
Collections from purchased loans     179 109  
Net cash (used in) provided by investing activities     (3,138) 2,142  
Financing activities:          
Proceeds from exercise of stock options       100  
Purchases of treasury stock $ (5,817) $ (675) (6,492) (5,376) $ (5,398)
Proceeds from lines of credit     2,544 30,237  
Payments on lines of credit     (2,402) (42,056)  
Net cash used in financing activities     (6,350) (17,095)  
Net increase (decrease) in cash     1,482 (688)  
Cash at beginning of period   $ 1,149 1,149 748 748
Cash at end of period $ 2,631   2,631 60 $ 1,149
Supplemental disclosure of cash flow information:          
Cash paid for interest       680  
Cash paid for taxes     5,120 $ 9,176  
Foreclosure of properties related to other notes receivable     $ 2,198