XML 15 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Net income $ 19,564,000 $ 15,511,000
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 36,084,000 31,475,000
Losses on claims for payment protection plan 3,939,000 4,230,000
Depreciation and amortization 938,000 967,000
Amortization of debt issuance costs 80,000 54,000
Loss on disposal of property and equipment 0 37,000
Stock based compensation 2,320,000 1,620,000
Deferred income taxes 1,092,000 873,000
Excess tax benefit from share based compensation 91,000 276,000
Change in operating assets and liabilities:    
Finance receivable originations (148,879,000) (137,855,000)
Finance receivable collections 82,134,000 74,355,000
Accrued interest on finance receivables 427,000 (240,000)
Inventory (9,471,000) 4,503,000
Prepaid expenses and other assets (515,000) (210,000)
Accounts payable and accrued liabilities 3,575,000 (1,387,000)
Income taxes, net 829,000 3,100,000
Net cash used in operating activities (7,398,000) (2,092,000)
Investing Activities:    
Purchase of property and equipment (2,851,000) (1,010,000)
Net cash used in investing activities (2,851,000) (1,010,000)
Financing Activities:    
Exercise of stock options 1,166,000 80,000
Issuance of common stock 50,000 40,000
Purchase of common stock 0 (4,715,000)
Dividend payments (10,000) (10,000)
Change in cash overdrafts 1,466,000 1,890,000
Payments on note payable (151,000) (125,000)
Proceeds from revolving credit facilities 1,941,000 118,800,000
Payments on revolving credit facilities (3,155,000) (112,970,000)
Net cash provided by financing activities 1,307,000 2,990,000
Decrease in cash and cash equivalents (8,942,000) (112,000)
Cash and cash equivalents, beginning of period 59,560,000 1,752,000
Cash and cash equivalents, end of period 50,618,000 1,640,000
Payment Protection Plan [Member]    
Change in operating assets and liabilities:    
Increase (decrease) in deferred revenue 398,000 464,000
Service Contract [Member]    
Change in operating assets and liabilities:    
Increase (decrease) in deferred revenue $ (4,000) $ 135,000