| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||
Net income | ||||||||
30,656 | 28,844 | 24,762 | 25,111 | 23,365 | 21,513 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation expense | ||||||||
1,054 | 1,014 | 993 | 930 | 883 | 838 | 0 | 0 | 0 |
Provision for loan loss—consumer loans | ||||||||
578 | 769 | 930 | 1,998 | 1,139 | 851 | 0 | 0 | 0 |
Deferred income taxes | ||||||||
- | - | - | - | - | 1,842 | 0 | 0 | 0 |
Share based payment expense | ||||||||
493 | 630 | 0 | 0 | 0 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
437 | -826 | -491 | 948 | 1,465 | -839 | 0 | 0 | 0 |
Consumer loans originations | ||||||||
17,082 | 18,961 | 19,590 | 20,393 | 21,007 | 19,615 | 0 | 0 | 0 |
Consumer loans principal collections | ||||||||
9,179 | 9,729 | 10,482 | 9,149 | 10,168 | 9,455 | 0 | 0 | 0 |
Notes receivable MHP originations | ||||||||
65,325 | 60,969 | 61,309 | 49,289 | 41,315 | 37,893 | 0 | 0 | 0 |
Notes receivable MHP principal collections | ||||||||
24,590 | 26,561 | 39,097 | 33,422 | 30,127 | 29,459 | 0 | 0 | 0 |
Inventories | ||||||||
-5,439 | -10,275 | -9,955 | -4,072 | -728 | 2,493 | 0 | 0 | 0 |
Prepaid expenses and other current assets | ||||||||
58 | 1,876 | -375 | -327 | -172 | 1,138 | 0 | 0 | 0 |
Other assets | ||||||||
1,758 | 1,712 | 2,655 | 2,152 | 996 | 382 | 0 | 0 | 0 |
Accounts payable | ||||||||
-251 | 2,340 | 202 | -587 | -2,483 | -3,452 | 0 | 0 | 0 |
Accrued liabilities | ||||||||
1,511 | -348 | 1,775 | 1,886 | 2,994 | 4,335 | 0 | 0 | 0 |
Customer deposits | ||||||||
-46 | -655 | -16 | -658 | -107 | -681 | 0 | 0 | 0 |
Dealer incentive liability | ||||||||
-598 | -584 | -98 | -222 | -488 | -658 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||||
-12,131 | -4,193 | 6,053 | 3,205 | 1,723 | 2,820 | 0 | 0 | 0 |
Investing activities: | ||||||||
Purchases of property, plant and equipment | ||||||||
3,815 | 4,206 | 5,839 | 2,883 | 6,505 | 6,137 | 0 | 0 | 0 |
Issuance of notes receivable | ||||||||
10,690 | 11,875 | 3,312 | 1,752 | 2,376 | 1,231 | 0 | 0 | 0 |
Notes receivable collections | ||||||||
356 | 372 | 4,601 | 3,961 | 4,203 | 4,146 | 0 | 0 | 0 |
Purchases of consumer loans | ||||||||
449 | 359 | 0 | 0 | 0 | - | - | - | - |
Collections from purchased consumer loans | ||||||||
1,093 | 955 | 5 | 430 | 273 | 212 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-13,505 | -15,113 | -6,041 | -1,740 | -5,949 | -4,453 | 0 | 0 | 0 |
Financing activities: | ||||||||
Proceeds from sale of over-allotment common stock in initial public offering | ||||||||
- | 7,200 | 0 | 0 | 0 | - | - | - | - |
Offering cost for over-allotment of initial public offering | ||||||||
- | 505 | 0 | 0 | 0 | - | - | - | - |
Treasury stock purchase | ||||||||
0 | - | - | - | - | - | - | - | - |
Escrow liability, net | ||||||||
1,638 | 1,579 | 1,542 | 1,429 | 1,159 | 1,444 | 0 | 0 | 0 |
Principal payments on note payable | ||||||||
- | 3,965 | 611 | 614 | 624 | 221 | 0 | 0 | 0 |
Proceeds from lines of credit | ||||||||
82,634 | 65,686 | 56,499 | 58,531 | 50,321 | 63,052 | 0 | 0 | 0 |
Payments on lines of credit | ||||||||
50,769 | 48,504 | 101,658 | 104,792 | 93,933 | 102,467 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||
26,255 | 18,431 | 1,403 | 185 | 5,614 | 3,804 | 0 | 0 | 0 |
Net increase in cash and cash equivalents | ||||||||
619 | -875 | 1,415 | 1,650 | 1,388 | 2,171 | 0 | 0 | 0 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | ||||||||
796 | 722 | 1,375 | 1,928 | 2,388 | 2,746 | 0 | 0 | 0 |