| Apr'19 | Apr'18 | Apr'17 | Apr'16 | Apr'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 | Apr'10 |
|---|---|---|---|---|---|---|---|---|---|
Net income | |||||||||
47,625 | 36,509 | 20,205 | 11,596 | 29,490 | 21,129 | 32,165 | 32,987 | 28,215 | 26,839 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||
Provision for credit losses | |||||||||
146,363 | 149,059 | 149,097 | 144,397 | 120,289 | 119,247 | 96,035 | 81,638 | 70,964 | 62,277 |
Losses on claims for payment protection plan | |||||||||
17,020 | 16,748 | 15,627 | 13,521 | 10,588 | 9,586 | 7,544 | 6,053 | 4,927 | 4,504 |
Depreciation and amortization | |||||||||
3,969 | 4,250 | 4,272 | 4,208 | 3,830 | 3,285 | 2,826 | 2,329 | 1,928 | 1,694 |
Amortization of debt issuance costs | |||||||||
251 | 260 | 252 | 214 | 188 | 209 | 209 | 182 | 88 | - |
Loss (gain) on disposal of property and equipment | |||||||||
91 | -91 | -1,204 | -369 | -17 | -76 | -58 | -91 | -55 | -375 |
Allowance related to acquisition of business, net change | |||||||||
- | - | - | - | - | - | - | - | - | 70 |
Stock based compensation | |||||||||
3,703 | 1,603 | 1,293 | 1,519 | 780 | 1,391 | 1,852 | 2,172 | 2,885 | 2,727 |
Unrealized gain for change in fair value of interest rate swap | |||||||||
- | - | - | - | - | - | - | - | 72 | 155 |
Deferred income taxes | |||||||||
1,701 | -6,360 | 638 | -898 | 3,934 | -2,923 | 1,446 | 3,316 | 4,212 | 816 |
Excess tax benefit from share based compensation | |||||||||
- | - | 1,183 | 238 | 1,627 | 0 | 190 | 221 | -5 | 134 |
Change in operating assets and liabilities: | |||||||||
Finance receivable originations | |||||||||
540,505 | 494,641 | 479,099 | 460,499 | 445,405 | 404,918 | 387,895 | 354,328 | 311,249 | 283,626 |
Finance receivable collections | |||||||||
293,739 | 260,104 | 249,264 | 248,166 | 238,845 | 223,538 | 207,713 | 200,697 | 188,840 | 169,902 |
Accrued interest on finance receivables | |||||||||
159 | 91 | 382 | -286 | 172 | 46 | 356 | 295 | 172 | 183 |
Inventory | |||||||||
-47,641 | -38,793 | -42,493 | -48,154 | -40,686 | -50,009 | -34,072 | -33,495 | -26,408 | -18,740 |
Prepaid expenses and other assets | |||||||||
-113 | 780 | 730 | -284 | 887 | 1,298 | 1,071 | -319 | 958 | -284 |
Accounts payable and accrued liabilities | |||||||||
2,226 | 4,712 | 676 | 1,115 | 3,862 | -1,675 | 2,419 | 1,482 | 1,302 | 3,402 |
Increase (decrease) in deferred revenue | |||||||||
- | - | - | - | - | - | - | 1,782 | 734 | 876 |
Income taxes, net | |||||||||
-497 | -2,335 | 2,963 | -11 | 200 | 3,313 | -756 | -3 | -1,248 | -151 |
Net cash provided by (used in) operating activities | |||||||||
24,902 | 9,994 | 7,334 | 14,286 | 12,387 | 21,875 | -1,336 | 11,696 | 16,864 | 8,117 |
Investing Activities: | |||||||||
Purchase of property and equipment | |||||||||
4,029 | 2,258 | 1,587 | 4,526 | 4,009 | 7,095 | 5,726 | 4,452 | 4,801 | 6,465 |
Proceeds from sale of property and equipment | |||||||||
142 | 554 | 932 | 7 | 112 | 2 | 208 | 17 | 8 | 1,020 |
Net cash used in investing activities | |||||||||
-3,887 | -1,704 | -655 | -4,519 | -3,897 | -7,093 | -5,518 | -4,435 | -4,793 | -5,445 |
Financing Activities: | |||||||||
Exercise of stock options | |||||||||
5,117 | 1,641 | 1,895 | 400 | 4,143 | 720 | 790 | 1,371 | - | 200 |
Excess tax benefits from stock based compensation | |||||||||
- | - | 1,183 | 238 | 1,627 | 141 | 190 | 221 | 5 | 134 |
Issuance of common stock | |||||||||
147 | 115 | 142 | 186 | 146 | 151 | 143 | 118 | 103 | 110 |
Purchase of common stock | |||||||||
26,577 | 42,301 | 20,486 | 14,214 | 20,020 | 12,754 | 17,305 | 39,367 | 20,347 | 10,857 |
Dividend payments | |||||||||
40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Debt issuance costs | |||||||||
371 | 103 | 449 | -146 | 256 | 207 | 56 | 306 | 530 | - |
Change in cash overdrafts | |||||||||
768 | -163 | 669 | -1,587 | 502 | -452 | 1,409 | 128 | -610 | -1,046 |
Payments on note payable | |||||||||
389 | 107 | 104 | 34 | 0 | 0 | - | - | 6,822 | 2,106 |
Proceeds from revolving credit facilities | |||||||||
450,554 | 433,818 | 387,050 | 374,214 | 377,225 | 329,424 | 330,238 | 324,853 | 149,967 | 122,462 |
Payments on revolving credit facilities | |||||||||
449,494 | 400,562 | 376,707 | 369,264 | 371,316 | 331,748 | 308,519 | 294,186 | 133,842 | 111,429 |
Net cash provided by (used in) financing activities | |||||||||
-20,285 | -7,702 | -6,847 | -9,955 | -7,989 | -14,765 | 6,850 | -7,208 | -12,116 | -2,572 |
Increase in cash and cash equivalents | |||||||||
730 | 588 | -168 | -188 | 501 | 17 | -4 | 53 | -45 | 100 |
Payment Protection Plan [Member] | |||||||||
Increase (decrease) in deferred revenue | |||||||||
1,544 | 1,351 | 1,167 | - | - | - | - | - | - | - |
Service Contract [Member] | |||||||||
Increase (decrease) in deferred revenue | |||||||||
259 | 721 | -423 | - | - | - | - | - | - | - |