Cash Flows From Operating Activities: | |
Net earnings | 27.45M |
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities: | |
Depreciation and amortization | 5.83M |
Reserves for credit losses and sales returns | 849K |
Provision for inventory allowances and inventory returns | |
Share-based compensation expense | 2.9M |
Excess tax benefit from stock-based compensation | |
Tax benefit from stock-based compensation | |
Payments from lessees directly to lenders-operating leases | -1.52M |
(Gain)/loss on disposal of property, equipment and operating lease equipment | -1.85M |
Excess increase in cash value of life insurance | |
Changes in: | |
Accounts receivable - net | -58.28M |
Notes receivable | |
Inventories-net | -47.32M |
Investment in direct financing and sale-type leases-net | |
Other assets | 2.87M |
Accounts payable - equipment | |
Accounts payable - trade | |
Salaries and commissions payable, accrued expenses and other liabilities | 12.41M |
Net cash used in operating activities | |
Cash Flows From Investing Activities: | |
Proceeds from sale of property, equipment and operating lease equipment | 3.59M |
Purchases of operating lease equipment | -3.17M |
Issuance of notes receivable | |
Repayments of notes receivable | |
Proceeds from the transfer of notes receivable | |
Premiums paid for life insurance | |
Cash used in acquisition, net of cash acquired | |
Net cash used in investing activities | |
Cash Flows From Financing Activities: | |
Borrowings of non-recourse notes payable | 22.94M |
Repayments of non-recourse and recourse notes payable | -5.32M |
Repurchase of common stock | -30.49M |
Proceeds from issuance of capital stock through option exercise | |
Excess tax benefit from exercise of stock options | |
Net borrowings on floor plan facility | 28.2M |
Net cash provided by financing activities | |
Effect of Exchange Rate Changes on Cash | 393K |
Net Decrease in Cash and Cash Equivalents | -46.73M |
Cash and Cash Equivalents, Beginning of Period | 94.77M |
Cash and Cash Equivalents, End of Period | 48.04M |
Supplemental Disclosures of Cash Flow Information: | |
Cash paid for interest | 31K |
Cash paid for income taxes | 10.28M |
Schedule of Non-Cash Investing and Financing Activities: | |
Purchase of property and equipment included in accounts payable | -2.33M |
Purchase of operating lease equipment included in accounts payable | |
Principal payments from lessees directly to lenders | |
Business Acquisition Contingent Consideration At Fair Value | |
Vesting of share-based compensation | 7.94M |