| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||
Net income | ||||||||
9,025 | 6,860 | 6,138 | 8,633 | 7,213 | 2,778 | 6,487 | 6,887 | 5,361 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation expense | ||||||||
281 | 249 | 271 | 253 | 241 | 228 | 208 | 206 | 196 |
Provision for loan loss—consumer loans | ||||||||
215 | 119 | -799 | 1,043 | 406 | 280 | 269 | 184 | 118 |
Deferred income taxes | ||||||||
- | - | - | - | - | 137 | 0 | -363 | 2,068 |
Share based payment expense | ||||||||
97 | 108 | 100 | 188 | 234 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
1,405 | -58 | -1,303 | 393 | 142 | 277 | 136 | 910 | -2,162 |
Consumer loans originations | ||||||||
3,174 | 4,605 | 4,567 | 4,736 | 5,053 | 5,234 | 5,370 | 5,350 | 3,661 |
Consumer loans principal collections | ||||||||
2,297 | 2,449 | 3,152 | 1,281 | 2,847 | 3,202 | 1,819 | 2,300 | 2,134 |
Notes receivable MHP originations | ||||||||
17,205 | 13,708 | 18,182 | 16,230 | 12,849 | 14,048 | 6,162 | 8,256 | 9,427 |
Notes receivable MHP principal collections | ||||||||
6,267 | 3,371 | 8,174 | 6,778 | 8,238 | 15,907 | 2,499 | 3,483 | 7,570 |
Inventories | ||||||||
3,821 | -1,125 | -4,731 | -3,404 | -1,015 | -805 | 1,152 | -60 | 2,206 |
Prepaid expenses and other current assets | ||||||||
-1,428 | 2,009 | 255 | -778 | 390 | -242 | 303 | -623 | 1,700 |
Other assets | ||||||||
513 | 239 | 225 | 781 | 467 | 1,182 | -278 | -375 | -147 |
Accounts payable | ||||||||
-1,703 | 1,539 | -133 | 46 | 888 | -599 | -922 | -1,850 | -81 |
Accrued liabilities | ||||||||
3,012 | -1,921 | 124 | 296 | 1,153 | 202 | 235 | 1,404 | 2,494 |
Customer deposits | ||||||||
661 | -178 | 148 | -677 | 52 | 461 | -494 | -126 | -522 |
Dealer incentive liability | ||||||||
-9 | -411 | -245 | 67 | 5 | 75 | -369 | -199 | -165 |
Net cash provided by (used in) operating activities | ||||||||
-4,547 | -7,269 | -265 | -50 | 3,391 | 2,977 | -3,113 | -1,532 | 4,488 |
Investing activities: | ||||||||
Purchases of property, plant and equipment | ||||||||
366 | -272 | 3,024 | 697 | 757 | 1,361 | 68 | 4,319 | 389 |
Issuance of notes receivable | ||||||||
215 | 8,484 | 1,860 | 131 | 1,400 | -79 | 300 | 755 | 255 |
Notes receivable collections | ||||||||
85 | -200 | 50 | 421 | 101 | 4,029 | -590 | 663 | 44 |
Purchases of consumer loans | ||||||||
191 | 258 | 0 | 0 | 101 | - | - | - | - |
Collections from purchased consumer loans | ||||||||
310 | 443 | 148 | 192 | 172 | -507 | 573 | 35 | 111 |
Net cash used in investing activities | ||||||||
-377 | -8,227 | -4,686 | -215 | -1,985 | 845 | -385 | -4,424 | -489 |
Financing activities: | ||||||||
Proceeds from sale of over-allotment common stock in initial public offering | ||||||||
- | 0 | 0 | 0 | 7,200 | - | - | - | - |
Offering cost for over-allotment of initial public offering | ||||||||
- | 0 | 0 | 0 | 505 | - | - | - | - |
Treasury stock purchase | ||||||||
682 | - | - | - | - | - | - | - | - |
Escrow liability, net | ||||||||
-567 | 761 | 712 | 732 | -626 | 724 | 599 | 462 | -341 |
Principal payments on note payable | ||||||||
- | 3,415 | 46 | 45 | 459 | 61 | 49 | 55 | 56 |
Proceeds from lines of credit | ||||||||
18,430 | 26,481 | 12,921 | 24,802 | 1,482 | 17,294 | 14,953 | 16,592 | 14,213 |
Payments on lines of credit | ||||||||
10,264 | 8,471 | 9,194 | 22,840 | 7,999 | 61,625 | 12,328 | 11,981 | 16,533 |
Net cash provided by (used in) financing activities | ||||||||
6,917 | 15,356 | 4,393 | -411 | -907 | -1,672 | 3,175 | 5,018 | -2,717 |
Net increase in cash and cash equivalents | ||||||||
1,993 | -140 | -558 | -676 | 499 | 2,150 | -323 | -938 | 1,282 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | ||||||||
301 | 170 | 147 | 178 | 227 | 823 | 700 | 638 | 585 |