XML 24 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2016
Net income $ 36,509,000 $ 20,205,000 $ 11,596,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 149,059,000 149,097,000 144,397,000
Losses on claims for payment protection plan 16,748,000 15,627,000 13,521,000
Depreciation and amortization 4,250,000 4,272,000 4,208,000
Amortization of debt issuance costs 260,000 252,000 214,000
Loss on disposal of property and equipment 91,000 1,204,000 369,000
Stock-based compensation 1,603,000 1,293,000 1,519,000
Deferred income taxes (6,360,000) 638,000 (898,000)
Excess tax benefit from stock based compensation (1,183,000) (238,000)
Change in operating assets and liabilities:      
Finance receivable originations (494,641,000) (479,099,000) (460,499,000)
Finance receivable collections 260,104,000 249,264,000 248,166,000
Accrued interest on finance receivables (91,000) (382,000) 286,000
Inventory 38,793,000 42,493,000 48,154,000
Prepaid expenses and other assets (780,000) (730,000) 284,000
Accounts payable and accrued liabilities 4,712,000 676,000 1,115,000
Income taxes, net (2,335,000) 2,963,000 (11,000)
Net cash provided by operating activities 9,994,000 7,334,000 14,286,000
Investing Activities:      
Purchases of property and equipment (2,258,000) (1,587,000) (4,526,000)
Proceeds from sale of property and equipment 554,000 932,000 7,000
Net cash used in investing activities (1,704,000) (655,000) (4,519,000)
Financing Activities:      
Exercise of stock options 1,641,000 1,895,000 400,000
Excess tax benefits from stock based compensation 1,183,000 238,000
Issuance of common stock 115,000 142,000 186,000
Purchase of common stock (42,301,000) (20,486,000) (14,214,000)
Dividend payments (40,000) (40,000) (40,000)
Debt issuance costs (103,000) (449,000) 146,000
Change in cash overdrafts (163,000) 669,000 (1,587,000)
Principal payments on notes payable (107,000) (104,000) (34,000)
Proceeds from revolving credit facilities 433,818,000 387,050,000 374,214,000
Payments on revolving credit facilities (400,562,000) (376,707,000) (369,264,000)
Net cash used in financing activities (7,702,000) (6,847,000) (9,955,000)
Increase (decrease) in cash and cash equivalents 588,000 (168,000) (188,000)
Cash and cash equivalents, beginning of period 434,000 602,000 790,000
Cash and cash equivalents, end of period 1,022,000 434,000 602,000
Payment Protection Plan [Member]      
Change in operating assets and liabilities:      
Increase (decrease) in deferred revenue 1,351,000 1,167,000 1,653,000
Service Contract [Member]      
Change in operating assets and liabilities:      
Increase (decrease) in deferred revenue $ 721,000 $ (423,000) $ 450,000