|
Net income
|
|
$21.5m
|
$28.8m
|
$38.0m
|
$49.9m
|
$67.8m
|
$54.5m
|
$61.6m
|
$41.8m
|
|
Depreciation and amortization expense
|
|
$838k
|
$1.0m
|
$1.2m
|
$1.6m
|
$1.9m
|
$1.7m
|
$1.9m
|
$1.9m
|
|
Amortization of deferred revenue
|
|
—
|
—
|
($637k)
|
$814k
|
($1.4m)
|
($1.3m)
|
($2.0m)
|
($1.4m)
|
|
Amortization of lines of credit cost
|
|
—
|
—
|
—
|
—
|
$74k
|
$70k
|
$68k
|
$68k
|
|
Deferred income taxes
|
|
$1.8m
|
($76k)
|
$205k
|
$1.0m
|
$61k
|
($524k)
|
($132k)
|
($3.2m)
|
|
Non-cash operating lease expense
|
|
$2.8m
|
($4.2m)
|
($2.0m)
|
$60.3m
|
$62k
|
($50k)
|
($44k)
|
($33k)
|
|
Provision for accounts and notes receivable
|
|
—
|
—
|
$97k
|
$246k
|
($109k)
|
$1.4m
|
($240k)
|
$5.4m
|
|
Provision for long term inventory
|
|
—
|
—
|
$620k
|
($188k)
|
($83k)
|
$49k
|
$249k
|
$53k
|
|
Gain from sale of assets
|
|
—
|
—
|
—
|
—
|
—
|
($507k)
|
($2.1m)
|
—
|
|
Gain from loan settlements
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($6.1m)
|
$413k
|
|
Share based payment expense
|
|
—
|
$630k
|
$226k
|
$230k
|
$4.9m
|
$769k
|
$777k
|
$458k
|
|
Accounts receivable
|
|
$839k
|
$826k
|
($1.7m)
|
($5.3m)
|
$309k
|
($155k)
|
$744k
|
($8.0m)
|
|
Consumer loans activity, net
|
|
($19.6m)
|
($19.0m)
|
($19.7m)
|
($26.0m)
|
($13.3m)
|
($17.4m)
|
($17.1m)
|
($17.0m)
|
|
Notes receivable MHP activity, net
|
|
($37.9m)
|
($61.0m)
|
($68.5m)
|
($46.2m)
|
($39.4m)
|
($39.2m)
|
($1.3m)
|
$9.9m
|
|
Dealer inventory loan activity, net
|
|
—
|
—
|
—
|
—
|
($26.6m)
|
($2.9m)
|
$200k
|
$4.4m
|
|
Inventory
|
|
($2.5m)
|
$10.3m
|
$3.3m
|
($7.8m)
|
$5.7m
|
($2.0m)
|
$3.2m
|
($1.0m)
|
|
Prepaid expenses and other current assets
|
|
($1.1m)
|
($1.9m)
|
$1.9m
|
($1.2m)
|
$485k
|
($1.3m)
|
($1.1m)
|
($743k)
|
|
Other assets - leased mobile homes
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$2.5m
|
$278k
|
|
Other assets
|
|
($382k)
|
($1.7m)
|
($4.9m)
|
($1.7m)
|
($1.4m)
|
($1.2m)
|
($155k)
|
($7.7m)
|
|
Accounts payable and accrued liabilities
|
|
—
|
—
|
—
|
($1.5m)
|
($3.4m)
|
($5k)
|
($3.5m)
|
$11.3m
|
|
Right of use asset, net
|
|
—
|
—
|
—
|
—
|
$46k
|
$33k
|
$27k
|
($16k)
|
|
Customer deposits
|
|
($681k)
|
($655k)
|
$2.1m
|
$4.7m
|
$2.0m
|
($5.6m)
|
($2.2m)
|
($117k)
|
|
Escrow liability
|
|
—
|
—
|
$199k
|
$1.6m
|
$303k
|
$451k
|
$1.5m
|
$1.5m
|
|
Dealer incentive liability
|
|
($658k)
|
($584k)
|
($1.3m)
|
$94k
|
$1.2m
|
($256k)
|
($890k)
|
($1.0m)
|
|
Purchase of AmeriCasa
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($19.0m)
|
|
Proceeds from sale of property
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.6m
|
—
|
|
Issuance of notes receivable
|
|
($1.2m)
|
($11.9m)
|
($5.1m)
|
($36.8m)
|
($4.4m)
|
($14.8m)
|
($5.5m)
|
($1.6m)
|
|
Notes receivable collections
|
|
$4.1m
|
$372k
|
$4.4m
|
$9.0m
|
$23.5m
|
$2.7m
|
$6.4m
|
$7.2m
|
|
Purchases of loans
|
|
($1.4m)
|
($359k)
|
($487k)
|
—
|
—
|
—
|
($217k)
|
($113k)
|
|
Collections from purchased loans
|
|
$212k
|
$955k
|
$1.3m
|
$1.8m
|
$482k
|
$377k
|
$234k
|
$374k
|
|
Proceeds from exercise of stock options
|
|
—
|
—
|
—
|
$100k
|
—
|
$100k
|
$200k
|
—
|
|
Purchases of treasury stock
|
|
—
|
($3.1m)
|
($1.4m)
|
—
|
—
|
—
|
($5.4m)
|
($7.6m)
|
|
Proceeds from lines of credit
|
|
$63.1m
|
$65.7m
|
$67.7m
|
$96.1m
|
$100.6m
|
$110.8m
|
$46.4m
|
$3.3m
|
|
Payments on lines of credit
|
|
($102.5m)
|
($48.5m)
|
($62.7m)
|
($124.3m)
|
($106.2m)
|
($89.6m)
|
($70.1m)
|
($3.4m)
|
|
Cash at beginning of period
|
|
$2.6m
|
$1.7m
|
$768k
|
$1.0m
|
$2.8m
|
$748k
|
$1.1m
|
$8.5m
|
|
Net cash provided by operating activities
|
|
$2.8m
|
($4.2m)
|
($2.0m)
|
$60.3m
|
($1.7m)
|
($13.5m)
|
$36.0m
|
$37.2m
|
|
Purchases of property, plant and equipment
|
|
($6.1m)
|
($4.2m)
|
($2.8m)
|
($6.0m)
|
($3.8m)
|
($7.7m)
|
($9.2m)
|
($9.0m)
|
|
Net cash used in investing activities
|
|
($4.5m)
|
($15.1m)
|
($2.7m)
|
($31.9m)
|
$9.1m
|
($9.8m)
|
($6.7m)
|
($22.1m)
|
|
Net cash used in financing activities
|
|
$3.8m
|
$18.4m
|
$3.8m
|
($28.1m)
|
($5.6m)
|
$21.2m
|
($28.9m)
|
($7.7m)
|
|
Net increase in cash
|
|
$2.2m
|
($875k)
|
($956k)
|
$274k
|
$1.8m
|
($2.1m)
|
$401k
|
$7.3m
|
|
Cash paid for interest
|
|
$2.7m
|
$722k
|
$985k
|
$873k
|
$251k
|
$478k
|
$1.0m
|
$2k
|
|
Cash paid for taxes
|
|
$5.2m
|
$9.3m
|
$6.7m
|
$8.2m
|
$10.3m
|
$18.9m
|
$15.0m
|
$6.5m
|