7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2019-09-30 2019-06-30 2018-12-31 2018-09-30 2018-06-30 2017-12-31 2017-09-30 2017-06-30 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 
      
    		                                                                 
      cash flows from operating activities:
    		                                                                 
      net earnings
    		34,855,000 37,697,000 25,196,000 24,133,000 31,310,000 27,339,000 21,983,000 27,282,000 32,664,000 33,847,000 32,854,000 35,694,000 28,469,000 22,339,000 24,245,000 26,424,000 31,413,000 23,518,000 15,553,000 21,638,000 19,846,000 17,360,000 20,098,000 16,188,000 14,864,000 18,003,000 15,273,000 15,581,000 17,221,000 13,423,000 12,620,000 16,775,000 10,671,000 9,957,000 10,297,000 15,679,000 8,814,000 15,501,000 11,952,000 9,477,000 8,222,000 10,610,000 8,591,000 7,850,000 7,702,000 9,033,000 10,033,000 8,062,000  8,743,000 7,064,000 3,703,000 3,556,000 7,549,000 7,909,000 4,713,000 3,530,000 2,316,000 4,998,000 1,901,000 754,000 1,962,000 6,420,000 3,693,000  
      less: earnings from discontinued operations, net of tax
    		-3,305,000 10,569,000                                                                
      net earnings from continuing operations
    		38,160,000 27,128,000                                                                
      adjustments to reconcile net earnings to net cash from operating activities of continuing operations:
    		                                                                 
      depreciation and amortization
    		7,114,000 7,411,000 8,656,000 8,360,000 6,658,000 5,922,000 6,367,000 7,276,000 6,530,000 5,755,000 4,341,000 4,709,000 5,067,000 4,472,000 5,685,000 6,576,000 5,962,000 6,082,000 6,229,000 4,302,000 4,681,000 4,779,000 5,113,000 4,964,000 4,474,000 4,367,000 4,500,000 4,579,000 3,520,000 3,225,000 2,926,000 3,057,000 2,775,000 -7,472,000 4,517,000 4,268,000 4,235,000 3,810,000 3,790,000 3,841,000 2,954,000 4,442,000 3,652,000 3,707,000 3,462,000 3,091,000 2,913,000 2,702,000  2,451,000 2,566,000 2,302,000 3,108,000 2,167,000 2,209,000 2,488,000 2,610,000 2,801,000 2,911,000 3,071,000 3,334,000 3,756,000 3,801,000 4,290,000  
      benefit from credit losses
    		-406,000 596,000 312,000 1,618,000 955,000 96,000 177,000 -52,000 601,000 478,000 -2,180,000 1,107,000 1,041,000 698,000 -179,000 -21,000                                                  
      share-based compensation expense
    		3,058,000 3,440,000 1,611,000 2,933,000 2,597,000 2,855,000 2,586,000 2,526,000 2,414,000 2,205,000 2,144,000 1,950,000 1,958,000 1,773,000 1,759,000 1,780,000 1,840,000 1,735,000 1,742,000 1,779,000 1,763,000 1,885,000 2,135,000 1,919,000 1,857,000 1,868,000 1,693,000 1,676,000 1,673,000 1,507,000 1,617,000 1,445,000 1,458,000 1,501,000 1,499,000 1,480,000 1,231,000 1,181,000 1,200,000 1,047,000 1,003,000 1,011,000 1,073,000 881,000 788,000 917,000 915,000 663,000  656,000 649,000 431,000 384,000 384,000 320,000 170,000 204,000 209,000 5,000 56,000 52,000     
      deferred taxes
    		  3,885,000    -2,503,000    1,888,000    -3,077,000 -503,000   -5,231,000 1,000 1,031,000 1,000 0 -3,000                 -3,258,000    -986,000        2,473,000        218,000     
      loss on disposal of property, equipment, and operating lease equipment
    		14,000 45,000                                                                
      changes in:
    		                                                                 
      accounts receivable
    		  85,742,000 4,968,000 19,010,000 59,276,000 -35,710,000 77,303,000 21,171,000 -166,803,000 187,791,000 -173,367,000 -39,547,000 -53,556,000 81,425,000 -46,765,000 -16,822,000 -68,641,000 62,933,000 -69,744,000 16,635,000 -14,880,000 23,181,000 -69,281,000 -27,482,000 30,853,000 -60,140,000                 -4,797,000                      
      inventories
    		 19,803,000 -21,296,000 -5,538,000 5,643,000 50,555,000                   5,014,000 -4,248,000 -12,440,000 291,000 39,860,000 3,181,000 -30,099,000 -34,135,000 -13,188,000 -7,762,000 -6,181,000 5,922,000 -5,384,000 6,692,000 -479,000 -6,527,000 1,458,000 -4,139,000                      455,000  
      deferred costs and other assets
    		 8,958,000 4,874,000 -440,000 -35,719,000 -3,160,000 8,713,000 -8,259,000 -13,739,000 8,303,000 -13,176,000 -36,093,000 -20,534,000 -4,177,000 1,872,000 -6,317,000 -6,176,000 61,000 -638,000 -14,813,000 -6,025,000 4,973,000                                            
      accounts payable
    		                        13,687,000 -7,727,000 10,102,000 25,326,000 -14,550,000 7,630,000 38,404,000 10,977,000 3,827,000                                 
      salaries and commissions payable, deferred revenue, and other liabilities
    		9,713,000 12,842,000 -14,918,000 24,947,000 -2,900,000 5,392,000 10,055,000 27,340,000 2,647,000 12,298,000 -9,293,000 24,231,000 22,490,000 8,608,000 -3,361,000 4,254,000 16,989,000 -4,450,000 3,906,000 22,337,000 5,304,000 5,630,000 8,131,000 17,955,000                                          
      net cash from operating activities of continuing operations
    		                                                                 
      net cash from operating activities of discontinued operations
    		-3,155,000 7,036,000                                                                
      net cash from operating activities
    		  160,947,000 65,699,000 -21,628,000 97,127,000 104,957,000 133,156,000 31,236,000 -20,900,000 131,613,000 -27,367,000 -16,728,000 -102,943,000 100,971,000 13,462,000 -69,868,000 -65,136,000 124,263,000 -3,164,000 2,014,000 6,394,000 32,990,000 -87,394,000   -49,032,000 35,494,000 16,780,000 -3,450,000  -31,087,000 -12,719,000 32,258,000 3,784,000 -44,416,000 21,756,000 1,065,000 -5,641,000 -5,354,000 18,543,000 -32,327,000 12,650,000 -7,089,000 27,486,000 21,177,000 4,514,000 -11,907,000 2,907,000 -4,378,000 -22,184,000 2,059,000 23,235,000 -10,809,000 -15,187,000 -6,637,000 8,279,000 -20,865,000 -6,103,000 -18,326,000 22,895,000 4,768,000 5,282,000 -11,731,000 -24,921,000 
      capex
    		  -1,858,000 -1,487,000 -1,291,000 -1,967,000 0 -2,096,000 -1,910,000 -3,698,000 -3,719,000 -3,251,000 -633,000 -1,777,000 -1,807,000 -5,132,000 -9,249,000 -6,994,000 0 -960,000 -990,000 -2,277,000 -3,370,000 -1,518,000   -2,305,000 -2,862,000 0 -1,845,000  -2,738,000 -2,763,000 2,540,000 -5,194,000 -8,806,000 -14,993,000 -5,641,000 -1,450,000 -237,000 -2,082,000 -1,175,000 -4,464,000 -2,224,000 -3,040,000 -6,245,000 -5,106,000 -1,055,000 0 -3,681,000 -2,084,000 -951,000 -126,000 -195,000 -158,000 -39,000 -119,000 -207,000 -202,000 -50,000 -64,000 -248,000 -124,000 -212,000 0 
      free cash flows
    		  159,089,000 64,212,000 -22,919,000 95,160,000 104,957,000 131,060,000 29,326,000 -24,598,000 127,894,000 -30,618,000 -17,361,000 -104,720,000 99,164,000 8,330,000 -79,117,000 -72,130,000 124,263,000 -4,124,000 1,024,000 4,117,000 29,620,000 -88,912,000   -51,337,000 32,632,000 16,780,000 -5,295,000  -33,825,000 -15,482,000 34,798,000 -1,410,000 -53,222,000 6,763,000 -4,576,000 -7,091,000 -5,591,000 16,461,000 -33,502,000 8,186,000 -9,313,000 24,446,000 14,932,000 -592,000 -12,962,000 2,907,000 -8,059,000 -24,268,000 1,108,000 23,109,000 -11,004,000 -15,345,000 -6,676,000 8,160,000 -21,072,000 -6,305,000 -18,376,000 22,831,000 4,520,000 5,158,000 -11,943,000 -24,921,000 
      cash flows from investing activities:
    		                                                                 
      proceeds from sale of property, equipment, and operating lease equipment
    		5,000 11,000 305,000 2,199,000 97,000 61,000 252,000 92,000 181,000 196,000 417,000 211,000 3,029,000 85,000 18,996,000 374,000 1,710,000 843,000 2,121,000 214,000 338,000 118,000      2,557,000 -767,000 1,673,000 -138,000 406,000 161,000                                 
      purchases of property, equipment, and operating lease equipment
    		  -1,858,000 -1,487,000 -1,291,000 -1,967,000                 -3,370,000 -1,518,000                                          
      cash from acquisitions, net of cash acquired
    		  0 -280,000   -5,579,000 0 10,992,000 -59,595,000 0 -290,000       68,000         0 -29,805,000 -7,913,000    0    -174,000                            
      net cash from investing activities of continuing operations
    		                                                                 
      net cash from investing activities of discontinued operations
    		0 156,681,000                                                                
      net cash from investing activities
    		-989,000 155,857,000 -1,553,000 432,000 -125,840,000 -1,906,000 -6,126,000 -2,004,000 9,263,000 -63,097,000 -3,302,000 -3,330,000 -10,602,000 -1,692,000 17,189,000 -4,758,000 -7,539,000 -6,151,000 -5,097,000 -27,848,000 -652,000 -2,159,000 -16,824,000 -1,226,000 -10,072,000 -6,122,000 -31,815,000 -1,902,000 -39,055,000 -13,836,000 -28,392,000 -1,138,000 -17,510,000 -5,835,000 -16,420,000 -1,499,000 -26,425,000 -9,523,000 -21,487,000 -695,000   -10,257,000 -15,076,000 -11,725,000 -6,540,000 -7,493,000 13,100,000 -32,918,000 -2,692,000 12,509,000 -15,122,000 -234,000 -6,256,000 -2,281,000 -2,329,000 -1,866,000 -4,837,000 993,000 -124,000 -350,000 14,000 222,000 -1,226,000 -1,797,000 
      cash flows from financing activities:
    		                                                                 
      proceeds from issuance of common stock
    		0 1,757,000 0 1,824,000 0 1,811,000 0 1,621,000 0 1,398,000                                                        
      repurchase of common stock
    		  -13,478,000 -9,908,000 -11,982,000 -11,569,000 -37,000 -1,464,000 -887,000 -7,465,000 0 0 0 -7,224,000 -4,142,000 -2,592,000 -3,067,000 -3,807,000 0 -2,461,000 -1,784,000 -2,703,000 -374,000 -13,318,000 -6,126,000 -305,000 -9,830,000 -9,016,000 -253,000 -4,130,000 -1,000 -9,852,000 -20,640,000 -8,864,000 0 0 -2,475,000 -2,298,000 -5,533,000 -29,249,000 -2,880,000 -4,407,000 -4,206,000 -1,695,000 0 -333,000 -408,000 -1,149,000  -8,545,000 -8,348,000 -1,686,000 -110,000 -386,000 -1,749,000 -407,000 -3,554,000 -2,324,000 -229,000 -10,000 -1,423,000     
      dividend payments
    		                                                                 
      payments to settle liabilities for acquisitions
    		  0 0 0 -2,307,000                                                            
      net borrowings on floor plan facility
    		-30,882,000 39,888,000   -3,851,000 14,407,000              -47,496,000 43,269,000 48,285,000                      39,394,000    11,502,000  19,229,000 -560,000 475,000  7,451,000 4,161,000 1,843,000  11,601,000 -6,471,000 12,055,000   2,531,000 1,420,000  
      net cash from financing activities of continuing operations
    		 38,341,000                                                                
      net cash from financing activities of discontinued operations
    		                                                                 
      net cash from financing activities
    		 31,924,000 -24,150,000 845,000 -15,883,000 1,612,000 12,032,000 -71,265,000 -59,991,000 82,605,000 -124,505,000 32,213,000 40,231,000 31,111,000 -68,820,000 40,214,000 40,288,000 35,494,000 -76,184,000 -43,348,000 15,690,000 54,040,000 4,029,000 44,327,000   20,037,000 -17,712,000 -15,865,000 5,819,000 -23,535,000 1,377,000 13,953,000 1,538,000 16,354,000 20,012,000 17,272,000 -2,946,000 23,242,000 -7,294,000 28,693,000 15,018,000 -21,424,000 42,172,000 -5,190,000 -16,414,000 -8,456,000 20,393,000 9,738,000 15,700,000 -6,451,000 -1,141,000 -6,257,000 7,775,000 6,418,000 3,235,000 -3,379,000 19,301,000 -9,891,000 14,168,000 -1,602,000 6,894,000 7,929,000 16,371,000 19,603,000 
      effect of exchange rate changes on cash
    		-734,000 1,989,000 1,057,000 -1,430,000 970,000 55,000 -12,000 -215,000 416,000 -127,000 -108,000 -1,652,000 3,142,000 1,634,000 472,000 -302,000 229,000 71,000 118,000 -258,000 -353,000 -124,000 33,000 81,000 22,000 58,000 92,000 40,000 81,000 -49,000 61,000 76,000 317,000 238,000 7,000 -36,000 3,000 -15,000 -25,000 16,000 14,000   4,000 -4,000 -5,000 11,000 -5,000 -4,000 19,000 -23,000 3,000 11,000 4,000 3,000 -12,000 -38,000 139,000 21,000 -183,000 294,000 -301,000 -105,000 11,000 -52,000 
      net increase in cash and cash equivalents
    		-78,021,000 90,803,000 136,301,000   96,888,000 110,851,000       -71,890,000 49,812,000 48,616,000 -36,890,000 -35,722,000 43,100,000 -74,618,000 16,699,000 58,151,000    18,167,000 -60,718,000     -30,772,000 -15,959,000    12,606,000  -3,911,000 -13,327,000 39,681,000 -13,198,000 -19,035,000 20,011,000 10,567,000 -1,782,000 -11,424,000 21,581,000    -14,201,000     2,996,000 -6,262,000 -14,980,000 -4,465,000 21,237,000 11,375,000 13,328,000 3,425,000 -7,167,000 
      cash and cash equivalents, beginning of period
    		0 389,375,000 0 0 0 253,021,000 0 0 0 103,093,000 0 0 0 155,378,000 0 0 0 129,562,000 0 0 0 86,231,000 0 79,816,000 0 0 118,198,000 0 0 109,760,000 0 0 94,766,000 0 0 0 76,175,000 0 0 80,179,000 0 0 0 52,720,000 0 0 0 33,778,000  0 0 75,756,000 0 0 0 85,077,000 0 0 0 107,788,000 0 0 0 58,423,000  
      cash and cash equivalents, end of period
    		-78,021,000 480,178,000 136,301,000 65,546,000 -162,381,000 349,909,000 110,851,000 59,672,000 -19,076,000 101,574,000 3,698,000 -136,000 16,043,000 83,488,000 49,812,000 48,616,000 -36,890,000 93,840,000 43,100,000 -74,618,000 16,699,000 144,382,000 20,228,000 35,604,000 8,687,000 18,167,000 57,480,000 15,920,000 -38,059,000 98,244,000 21,642,000 -30,772,000 78,807,000 28,199,000 3,725,000 -25,939,000 88,781,000 -11,419,000 -3,911,000 66,852,000 39,681,000 -13,198,000 -19,035,000 72,731,000 10,567,000 -1,782,000 -11,424,000 55,359,000  8,649,000 -16,149,000 61,555,000 16,755,000 -9,286,000 -11,047,000 79,334,000 2,996,000 -6,262,000 -14,980,000 103,323,000 21,237,000 11,375,000 13,328,000 61,848,000  
      accounts payable—trade
    		   31,777,000 -12,903,000 -45,430,000 14,747,000 -1,373,000                          4,977,000 1,727,000 5,845,000 -13,287,000 13,864,000 -3,543,000 -25,772,000 18,696,000 11,038,000 8,458,000 -8,680,000 -22,176,000 28,781,000 -355,000 -1,682,000  13,877,000 -2,113,000 4,016,000 -4,709,000 5,028,000 -4,658,000 849,000 3,009,000 918,000 -5,590,000 391,000 5,247,000 -8,152,000 -3,322,000 3,011,000  
      adjustments to reconcile net earnings to net cash from operating activities:
    		                                                                 
      net gain on disposal of property, equipment, and operating lease equipment
    		                                                                 
      financing receivables—net
    		  -71,547,000 -25,227,000 -36,317,000 -5,772,000 612,000 -3,648,000 13,053,000 -42,071,000 6,427,000 -24,278,000 -2,590,000 -20,574,000 29,128,000 -2,277,000 -18,212,000 193,000 25,008,000 -12,726,000 -29,641,000 -24,745,000 -18,225,000 -58,198,000 4,852,000 -9,671,000 3,749,000 -15,775,000 6,601,000 -3,871,000 13,542,000 4,011,000 244,000 1,360,000                                
      borrowings of non-recourse and recourse notes payable
    		  17,751,000 11,471,000 9,861,000 3,737,000 3,496,000 102,170,000 93,684,000 97,955,000 3,988,000 46,792,000 93,015,000 49,256,000 15,558,000 33,732,000 61,616,000 3,199,000 34,705,000 8,085,000 13,281,000 10,332,000 13,483,000 41,394,000 13,536,000 8,355,000 18,802,000 6,799,000 27,866,000 4,700,000 11,080,000 10,961,000 11,979,000 16,942,000 16,626,000 3,282,000 7,957,000 10,225,000 18,891,000 11,213,000 22,527,000 16,241,000 9,130,000 3,649,000 12,512,000 5,629,000 4,267,000 10,338,000                  
      repayments of non-recourse and recourse notes payable
    		  -2,206,000 -2,626,000 -9,911,000 -4,467,000 -2,037,000 -97,509,000 -138,530,000 -41,573,000 -108,567,000 -32,905,000 -50,952,000 -3,645,000 -67,892,000 -2,713,000 -24,567,000 -4,819,000 -32,458,000 -1,341,000 -38,655,000 -1,874,000 -2,215,000 -3,414,000 -6,218,000 -5,326,000 -5,903,000 -2,539,000 -24,263,000 -467,000 -92,000 -5,318,000 -2,000 -3,000 -68,000 0 -186,000 -778,000 -193,000 -609,000 -5,000 -1,112,000 -883,000 -252,000 -2,464,000 -141,000    -176,000                
      net repayments on floor plan facility
    		                                                                 
      gain on disposal of property, equipment, and operating lease equipment
    		   -1,360,000 38,000 54,000 -228,000 30,000 -133,000 -160,000 -278,000                                                       
      net borrowings (repayments) on floor plan facility
    		      10,610,000 -76,083,000 -14,258,000 32,290,000   -1,832,000 -7,276,000   6,306,000 40,921,000     -6,345,000 19,930,000 3,788,000 -8,806,000 17,468,000 -12,456,000 -18,715,000 6,320,000 -33,804,000 5,586,000 22,616,000 -6,106,000 946,000 16,652,000 10,983,000  10,150,000 10,544,000 8,655,000 4,468,000                        
      net decrease in cash and cash equivalents
    		        -19,076,000 -1,519,000  -136,000           20,228,000 -44,212,000    15,920,000 -38,059,000 -11,516,000     3,725,000               8,649,000    -9,286,000 -11,047,000 -5,743,000          
      payments from lessees directly to lenders—operating leases
    		              0 0 0 -32,000 -9,000 -12,000 -5,000 -8,000 -12,000 -22,000 -43,000 -43,000 -32,000 -135,000 -176,000 -1,014,000 -310,000 363,000 -1,884,000 -1,059,000 -1,027,000 -1,102,000 -1,458,000 -1,566,000 -1,990,000 -2,455,000 -1,682,000 -1,795,000 -1,888,000 -2,174,000 -1,768,000 -1,408,000 -1,418,000 -973,000  -929,000 -995,000 -1,054,000   -1,295,000 -1,541,000 -1,559,000 -1,749,000 -1,736,000 -2,001,000 -9,118,000 -2,161,000 -2,026,000 -2,835,000  
      inventories—net
    		       4,884,000                                    -13,027,000 9,393,000 -8,264,000 8,408,000 -773,000  -3,201,000 4,527,000 -7,786,000 13,136,000 -10,398,000 1,692,000 -4,312,000 2,403,000 57,000 1,713,000 -4,228,000 -2,455,000 3,099,000    
      purchases of property, equipment and operating lease equipment
    		       -2,096,000 -1,910,000 -3,698,000 -3,719,000 -3,251,000 -633,000 -1,777,000 -1,807,000 -5,132,000 -9,249,000 -6,994,000  -960,000 -990,000 -2,277,000    -4,821,000 -1,630,000   -1,871,000 -4,131,000 -2,279,000 -890,000 2,540,000 -1,390,000 -8,694,000 -6,924,000 -5,652,000 -1,450,000 -469,000 -2,014,000 -1,179,000 -3,473,000 -3,286,000 -3,025,000 -6,336,000 -5,034,000 -1,189,000  -3,926,000 -1,955,000 -1,099,000              
      inventories-net
    		         300,000 2,108,000 31,977,000 -29,504,000 -92,678,000 -7,532,000 -13,260,000 -56,861,000 -7,800,000 11,542,000 -4,959,000 19,657,000 -43,038,000 2,473,000 -7,774,000                                          
      accounts payable-trade
    		         124,948,000 -81,013,000 106,657,000 19,250,000 30,376,000 -25,713,000 43,901,000 -27,982,000 -15,393,000 6,046,000 49,009,000 -31,958,000 53,675,000 -5,504,000 21,089,000                                          
      repayments of financing of acquisitions
    		                  0 -135,000   -520,000 -265,000 -5,500,000 -1,634,000 -500,000 -500,000 -500,000 -604,000                                    
      gain on disposal of property, equipment, and operaing lease equipment
    		            -2,828,000 -224,000 -3,281,000 -330,000 -377,000 -148,000  -130,000 -253,000 -25,000                                            
      reserve for credit losses
    		                 -261,000 -484,000 154,000 979,000 787,000                                            
      gain on sale of financial receivables
    		                                                                 
      purchases of assets to be leased or financed
    		                        -5,321,000 -1,425,000 -7,195,000 -1,924,000 -775,000 -3,017,000 -1,391,000 1,546,000 -6,052,000 -575,000 -1,465,000 74,000 -9,437,000 2,372,000 -842,000 -9,158,000                          
      issuance of financing receivables
    		                        -51,865,000 -39,087,000 -49,355,000 -37,375,000 -49,761,000 -51,024,000 -50,710,000 -31,861,000 -32,100,000 -34,396,000 -34,989,000 -23,370,000 -44,253,000 -42,042,000 -34,471,000 -16,692,000                          
      repayments of financing receivables
    		                        21,849,000 17,794,000 15,555,000 17,942,000 20,457,000 20,630,000 19,365,000 18,870,000 5,856,000 8,837,000 13,770,000 14,328,000 21,132,000 22,495,000 14,466,000 13,616,000                          
      proceeds from sale of financing receivables
    		                        26,520,000 20,687,000 9,776,000 20,326,000 15,398,000 28,379,000 15,183,000 11,098,000 13,576,000 16,177,000 22,153,000 14,807,000 11,214,000 11,875,000 2,352,000 9,989,000                          
      gain on disposal of property, equipment, and leased equipment
    		                      -233,000 -203,000                                          
      gain on sale of financing receivables
    		                        -2,446,000 -1,230,000 -1,354,000 -1,127,000 -1,206,000 -2,292,000 -858,000 -1,655,000 -1,455,000 -1,664,000 -1,448,000 -2,501,000 -1,490,000 -1,461,000 -938,000 -2,241,000                          
      other
    		                         -2,000 4,000   -2,000 -200,000 318,000 109,000 -39,000 218,000 -41,000 47,000 55,000 -2,000 52,000 0 0 1,000 108,000 22,000 248,000 91,000 -346,000  381,000                
      proceeds from sale of property, equipment, and leased equipment
    		                      361,000 292,000 2,089,000 297,000 164,000                                       
      net cash from (used) in financing activities
    		                        -520,000                                         
      supplemental disclosures of cash flow information:
    		                                                                 
      cash paid for interest
    		                      520,000 595,000 419,000 472,000 473,000 167,000 227,000 27,000 7,000 12,000 19,000 19,000 15,000 23,000 27,000 73,000 64,000 64,000 5,000 85,000 0 15,000 11,000 14,000 0 1,000  9,000 1,000 1,000 0 -1,325,000 625,000 727,000 34,000 137,000 -5,000 123,000 136,000 55,000 126,000 141,000  
      cash paid for income taxes
    		                      6,855,000 5,616,000 7,048,000 5,676,000 5,545,000 9,946,000 17,081,000 2,960,000 13,099,000 8,915,000 1,367,000 3,326,000 12,562,000 4,829,000 9,072,000 13,463,000 6,308,000 6,462,000 8,748,000 6,435,000 4,483,000 5,851,000 5,200,000 12,262,000 1,826,000 4,912,000  3,771,000 1,855,000 1,918,000 3,406,000 5,024,000 4,640,000 2,150,000 2,197,000 2,790,000 2,209,000 759,000 1,701,000 1,989,000 3,425,000 2,432,000  
      cash paid for amounts included in the measurement of lease liabilities
    		                      1,485,000 1,081,000                                          
      schedule of non-cash investing and financing activities:
    		                                                                 
      consideration for acquisitions
    		                                                                 
      borrowing of non-recourse and recourse notes payable
    		                      52,416,000 30,046,000 27,354,000 28,082,000 9,606,000 0 1,299,000 7,605,000 10,641,000                                   
      vesting of share-based compensation
    		                      1,198,000 7,774,000 26,000 1,424,000 11,345,000 41,000 1,511,000 10,458,000 42,000 660,000 7,280,000 56,000 56,000 604,000 7,083,000 32,000 463,000 5,944,000 34,000 35,000 2,708,000 5,061,000 27,000 1,063,000 1,772,000 1,786,000  468,000 1,220,000 199,000              
      new operating lease assets obtained in exchange for lease obligations
    		                      3,934,000 1,291,000                                          
      reserve for credit losses, inventory obsolescence, and sales returns
    		                      280,000 351,000                                          
      financing of acquisitions
    		                           0 -14,122,000 2,072,000                                    
      deferred costs, other intangible assets, and other assets
    		                       -14,379,000                    -2,494,000                      
      repurchase of common stock included in accounts payable
    		                                -1,459,000                                 
      reserve for credit losses, inventory obsolescence and sales returns
    		                         -14,000 192,000 54,000 -51,000 283,000 77,000 658,000 191,000 -125,000 32,000 268,000 -391,000                             
      gain on disposal of property, equipment and leased equipment
    		                         -645,000 -294,000                                       
      deferred costs, other intangible assets and other assets
    		                         -571,000 5,491,000 -13,188,000 -7,006,000 -5,994,000 -1,029,000 -1,248,000 4,115,000 5,301,000 -5,147,000 14,062,000 -3,027,000 -7,642,000 233,000 1,100,000 -769,000 -1,923,000                        
      salaries and commissions payable, deferred revenue and other liabilities
    		                         1,007,000 -15,776,000 12,037,000 -16,926,000 -4,650,000 38,789,000 11,199,000 1,212,000 -8,615,000 1,946,000 -7,172,000 -3,792,000 7,312,000 9,506,000 -3,146,000                          
      net cash from (used) in operating activities
    		                                                                 
      proceeds from sale of property, equipment and leased equipment
    		                         730,000 1,034,000                                       
      purchase of property, equipment, and operating lease equipment
    		                         -259,000 -675,000   26,000 -110,000 -459,000 -1,873,000                                 
      purchase of assets to be leased or financed
    		                         418,000 592,000 -3,091,000 -225,000 -3,909,000 -5,756,000 2,303,000 -9,247,000                                 
      repayment of financing receivables
    		                           2,476,000 3,038,000 4,058,000 4,015,000 5,325,000 7,114,000 4,516,000 3,686,000 3,840,000 4,831,000                             
      gain on disposal of property, equipment and operating lease equipment
    		                           -2,191,000 -4,252,000 -1,112,000 -1,889,000 -964,000 -889,000 -483,000 -2,104,000 -192,000 -325,000 -318,000 -1,556,000 -564,000 -923,000 -549,000 -754,000 -247,000 -103,000                     
      accounts receivable—trade
    		                           7,110,000 -5,262,000 -10,143,000 544,000 -33,993,000 -24,283,000 266,320,000 8,323,000 -71,383,000 31,368,000 -40,614,000 -19,038,000 32,274,000 2,834,000 -52,482,000                        
      accounts receivable—other
    		                           4,313,000 -2,668,000 -3,621,000 -715,000 -7,895,000 4,378,000 42,947,000 1,094,000 -8,686,000 6,416,000 5,346,000 -2,912,000 2,058,000 978,000 488,000                        
      proceeds from sale of property, equipment and operating lease equipment
    		                           1,991,000 6,996,000 980,000 2,792,000 1,488,000 2,100,000 1,582,000 2,150,000 1,356,000 1,843,000 1,650,000 3,685,000 2,066,000 858,000 1,351,000 1,568,000 361,000 294,000 752,000 648,000 229,000  824,000 846,000 270,000 506,000             
      purchases of property, equipment, software, and operating lease equipment
    		                           -2,862,000                                      
      payment of contingent consideration
    		                                                                 
      net provided by (cash used) in operating activities
    		                                                                 
      dividends paid
    		                                 0 0 0 -80,000 0 -10,000 -80,000 -1,000 -2,000 -185,000 80,000 0                     
      payments of contingent consideration
    		                                 0       0 0   0                     
      investing activities
    		                                                                 
      financing activities
    		                                                                 
      borrowing of recourse and nonrecourse notes payable
    		                                12,210,000 0 11,125,000 4,112,000 27,603,000                             
      assets
    		                                                                 
      current assets:
    		                                                                 
      cash and cash equivalents
    		                                                                 
      financing receivables—net, current
    		                                                                 
      deferred costs
    		                                                                 
      other current assets
    		                                                                 
      total current assets
    		                                                                 
      financing receivables and operating leases—net
    		                                                                 
      deferred tax assets—net
    		                                                                 
      property, equipment and other assets
    		                                                                 
      goodwill and other intangible assets—net
    		                                                                 
      total assets
    		                                                                 
      liabilities and stockholders' equity
    		                                                                 
      liabilities
    		                                                                 
      current liabilities:
    		                                                                 
      accounts payable—floor plan
    		                                                                 
      salaries and commissions payable
    		                                                                 
      deferred revenue
    		                                                                 
      recourse notes payable—current
    		                                                                 
      non-recourse notes payable—current
    		                                                                 
      other current liabilities
    		                                                                 
      total current liabilities
    		                                                                 
      recourse notes payable—long term
    		                                                                 
      non-recourse notes payable—long term
    		                                                                 
      deferred tax liability—net
    		                                                                 
      other liabilities
    		                                                                 
      total liabilities
    		                                                                 
      commitments and contingencies
    		                                                                 
      stockholders' equity
    		                                                                 
      preferred stock, .01 per share par value; 2,000 shares authorized; none issued or outstanding
    		                                                                 
      common stock, .01 per share par value; 25,000 shares authorized; 13,237 issued and 7,365 outstanding at march 31, 2016 and 13,114 issued and 7,389 outstanding at march 31, 2015
    		                                                                 
      additional paid-in capital
    		                                                                 
      treasury stock, at cost, 5,872 and 5,725 shares at march 31, 2016 and march 31, 2015, respectively
    		                                                                 
      retained earnings
    		                                                                 
      accumulated other comprehensive income—foreign currency translation adjustment
    		                                                                 
      total stockholders' equity
    		                                                                 
      total liabilities and stockholders' equity
    		                                                                 
      net sales
    		                                                                 
      cost of sales
    		                                                                 
      gross profit
    		                                                                 
      professional and other fees
    		                                                                 
      salaries and benefits
    		                                                                 
      general and administrative expenses
    		                                                                 
      interest and financing costs
    		                                                                 
      operating expenses
    		                                                                 
      operating income
    		                                                                 
      other income
    		                                                                 
      earnings before tax
    		                                                                 
      benefit from income taxes
    		                                                                 
      net earnings per common share—basic
    		                                                                 
      net earnings per common share—diluted
    		                                                                 
      weighted-average common shares outstanding—basic
    		                                                                 
      weighted-average common shares outstanding—diluted
    		                                                                 
      other comprehensive income, net of tax:
    		                                                                 
      foreign currency translation adjustments
    		                                                                 
      other comprehensive income
    		                                                                 
      total comprehensive income
    		                                                                 
      excess tax benefit from share-based compensation
    		                                 431,000 -8,000 -78,000 -1,073,000 90,000 63,000 -887,000                -3,000          
      excess increase in cash value of life insurance
    		                                        -64,000 28,000   30,000 -62,000    -16,000 -76,000 -2,000              
      gain on settlement
    		                                                                 
      maturities of short-term investments
    		                                        0 0 0 982,000 246,000 743,000 2,216,000 4,442,000                  
      maturities of supplemental benefit plan investments
    		                                     0                            
      premiums paid on life insurance
    		                                       -47,000 23,000 -70,000 -46,000 -47,000 -68,000 -17,000 59,000 -102,000  -23,000 -35,000 -35,000              
      proceeds from issuance of capital stock through option exercise
    		                                        1,000 0   0 989,000    370,000 172,000 44,000 777,000 -2,000 2,387,000 517,000 699,000 182,000 1,504,000 743,000      
      proceeds from sales of operating lease equipment included in accounts receivable
    		                                     -613,000 571,000 339,000 851,000 -2,000      482,000                  
      purchase of property, equipment, and operating leases included in accounts payable
    		                                                                 
      purchase of assets to be leased or financed included in accounts payable
    		                                 -1,273,000 -2,939,000 -1,834,000 -3,781,000 -2,945,000 -3,652,000 22,230,000                          
      contingent consideration
    		                                     20,000            -183,000 183,000 1,500,000              
      balance, april 1, 2013
    		                                                                 
      issuance of shares for option exercises
    		                                                                 
      excess tax benefit of share- based compensation
    		                                                                 
      issuance of restricted stock awards
    		                                                                 
      share-based compensation
    		                                                                 
      foreign currency translation adjustment
    		                                                                 
      balance, march 31, 2014
    		                                                                 
      balance, march 31, 2015
    		                                                                 
      balance, march 31, 2016
    		                                                                 
      ·
    		                                                                 
      march 31, 2016
    		                                                                 
      minimum payments
    		                                                                 
      estimated unguaranteed residual value
    		                                                                 
      initial direct costs, net of amortization
    		                                                                 
      unearned income
    		                                                                 
      total
    		                                                                 
      reported as:
    		                                                                 
      current
    		                                                                 
      long-term
    		                                                                 
      march 31, 2015
    		                                                                 
      year ending march 31, 2017
    		                                                                 
      2018
    		                                                                 
      2019
    		                                                                 
      2020
    		                                                                 
      2021 and thereafter
    		                                                                 
      cost of equipment under operating leases
    		                                                                 
      accumulated depreciation
    		                                                                 
      investment in operating lease equipment—net
    		                                                                 
      goodwill
    		                                                                 
      customer relationships & other intangibles
    		                                                                 
      capitalized software development
    		                                                                 
      balance april 1, 2015
    		                                                                 
      write-offs and other
    		                                                                 
      balance march 31, 2016
    		                                                                 
      balance april 1, 2014
    		                                                                 
      balance march 31, 2015
    		                                                                 
      balance april 1, 2013
    		                                                                 
      balance march 31, 2014
    		                                                                 
      reserves for credit losses:
    		                                                                 
      ending balance: collectively evaluated for impairment
    		                                                                 
      ending balance: individually evaluated for impairment
    		                                                                 
      ending balance
    		                                                                 
      minimum payments:
    		                                                                 
      high cqr
    		                                                                 
      average cqr
    		                                                                 
      low cqr
    		                                                                 
      furniture, fixtures and equipment
    		                                                                 
      vehicles
    		                                                                 
      capitalized software
    		                                                                 
      leasehold improvements
    		                                                                 
      accumulated depreciation and amortization
    		                                                                 
      property and equipment - net
    		                                                                 
      other current assets:
    		                                                                 
      deposits & funds held in escrow
    		                                                                 
      prepaid assets
    		                                                                 
      total other current assets
    		                                                                 
      other assets:
    		                                                                 
      property and equipment
    		                                                                 
      total other assets - long term
    		                                                                 
      accounts payable—equipment
    		                                  -455,000 321,000 -63,000 -416,000 2,000 -164,000 1,125,000 753,000 -18,446,000 20,146,000 -3,414,000 787,000 1,135,000 -10,216,000  -3,244,000 -4,261,000 4,502,000 337,000 -4,762,000 -936,000 -28,283,000 36,301,000 -3,559,000 1,216,000 4,012,000 -1,494,000 -4,275,000 2,803,000 -501,000  
      proceeds from sales of property, equipment and operating lease equipment
    		                                  1,267,000 -57,000 6,783,000                             
      purchase of property, equipment, and operating leases
    		                                  -3,804,000 -112,000 -8,069,000                             
      financing receivables
    		                                   -1,106,000 -65,000 -740,000 -1,955,000 -12,232,000                          
      benefit from credit losses, inventory obsolescence and sales returns
    		                                     30,000 26,000 219,000                          
      gain on retirement of a liability
    		                                                                 
      purchase of property and equipment included in accounts payable
    		                                     11,000 0 232,000 -68,000 4,000 -991,000 1,062,000 -15,000 91,000 -72,000 134,000  245,000 -129,000 148,000 -126,000 100,000 45,000 30,000 -24,000 -73,000 -1,000 117,000 42,000 -14,000 33,000 19,000  
      purchase of operating lease equipment included in accounts payable
    		                                     -10,000 5,000 98,000 -192,000 67,000   0 0 125,000 50,000   31,000 27,000 -208,000 24,000 -1,878,000 2,072,000 -1,200,000 1,188,000 7,000 20,000 -31,000 11,000 8,000 13,000  
      origination and concurrent sale of financing receivables
    		                                     32,450,000 20,237,000 26,976,000                          
      gain on repurchase of recourse notes payable
    		                                       -1,434,000                          
      excess tax benefit from exercise of stock options
    		                                        -396,000 170,000 -540,000 -996,000 -258,000 -634,000 -517,000 -239,000  -662,000 -251,000 -52,000 -834,000 139,000   -36,000 -1,000 -105,000 -82,000 19,000 79,000 -41,000 -66,000  
      gain on sale of notes receivable
    		                                        -136,000 -1,682,000 -321,000 -3,704,000 -1,995,000     -2,097,000                
      purchases of short-term investments
    		                                            0   -738,000                  
      issuance of notes receivable
    		                                        -36,265,000 -22,186,000 44,946,000 -90,793,000 -54,942,000 -15,680,000 -12,772,000 -4,465,000  -19,986,000 -5,639,000 -14,051,000              
      repayments of notes receivable
    		                                        9,017,000 17,466,000 10,824,000 5,207,000 12,936,000 4,590,000 4,119,000 5,268,000  3,719,000 7,849,000 2,854,000              
      proceeds from sale or transfer of notes receivable
    		                                        17,979,000 12,814,000 -57,044,000 72,500,000 32,834,000                     
      excess tax benefit from share based compensation
    		                                        396,000 -170,000 540,000 996,000 258,000 634,000 517,000 239,000                  
      purchase of assets financed as notes receivables included in accounts payable
    		                                        -2,857,000 -6,667,000                        
      dividends declared included in other liabilities
    		                                                                 
      origination and concurrent sale of notes receivable
    		                                        -3,515,000 21,362,000                        
      reserves for credit losses, inventory obsolescence and sales returns
    		                                         39,000 235,000 -24,000                      
      notes receivable
    		                                         906,000 -450,000 -174,000 1,052,000 -1,530,000 1,305,000 -277,000  270,000 -1,378,000 -22,000  1,237,000 3,320,000 -3,546,000 986,000 -848,000 1,885,000 -1,381,000 374,000 -754,000 4,279,000 -5,805,000  
      investment in direct financing and sale-type leases—net
    		                                         -12,837,000 -4,927,000 -2,642,000 7,050,000 11,958,000 -9,791,000 8,996,000  -12,289,000 7,987,000 -8,434,000 -2,286,000 -1,577,000 1,713,000 15,694,000 -37,163,000 -10,275,000 -8,915,000 -15,507,000 9,552,000   -9,274,000  
      salaries and commissions payable, deferred revenue and accrued expenses and other liabilities
    		                                         13,873,000 -7,565,000 -822,000 -34,002,000                     
      purchases of assets to be leased
    		                                         -1,246,000                        
      cash from acquisition, net of cash acquired
    		                                                  0 -3,514,000 0        0     
      net cash (used in) investing activities
    		                                                                 
      dividends declared included in accrued expenses and other liabilities
    		                                            0                     
      sales of operating lease equipment included in accounts receivable
    		                                           88,000 -16,000 -93,000                    
      principal payments from lessees directly to lenders
    		                                           4,750,000 4,498,000 4,000,000 4,024,000 3,350,000  3,537,000 4,075,000 4,552,000 5,121,000 7,112,000 7,175,000 7,989,000 9,015,000 15,956,000 5,700,000 11,257,000 11,682,000 12,428,000 13,568,000 12,842,000  
      tax benefit of stock options exercised
    		                                                        41,000 -8,000 285,000 129,000 118,000 24,000 43,000 97,000  
      accounts receivable—net
    		                                            29,220,000 -27,509,000 -4,951,000 -14,600,000  -19,806,000 -32,317,000 1,989,000 18,397,000 -14,173,000 -18,360,000 2,806,000 -301,000 -15,592,000 -7,895,000 -3,035,000 17,728,000 13,972,000 -1,905,000 -2,431,000  
      net (repayment) borrowings on floor plan facility
    		                                                                 
      reserves for credit losses and sales returns
    		                                             -414,000 514,000 -474,000  538,000 168,000 167,000  675,000 -593,000 99,000 -254,000 722,000 381,000 101,000 -895,000 -90,000 633,000 17,000  
      benefit from inventory allowances and inventory returns
    		                                             180,000 -193,000 290,000   -144,000 -153,000  209,000 309,000 180,000 -112,000 79,000 346,000 166,000 -568,000 -218,000    
      (gain)/loss on disposal of property, equipment and operating lease equipment
    		                                              -143,000 -417,000    270,000              
      (gain)/loss on sales of notes receivable
    		                                                                 
      other assets
    		                                              1,960,000 -2,466,000  8,230,000 3,997,000 5,712,000 -1,180,000 3,165,000 -11,200,000 -1,736,000 122,000 -7,139,000 -4,549,000 1,351,000 788,000 891,000 736,000 -5,411,000  
      salaries and commissions payable, accrued expenses and other liabilities
    		                                              -4,792,000 -157,000  3,957,000 -7,113,000 -3,530,000 -3,210,000 1,668,000 4,291,000 5,924,000 346,000 8,096,000 9,160,000 -3,474,000 -67,000 -1,544,000 -2,306,000 3,266,000  
      purchases in short-term investments
    		                                                                 
      proceeds from transfer of notes receivable
    		                                              3,765,000 9,655,000    453,000              
      repayments of non-recourse notes payable
    		                                               -537,000    -26,000              
      net increase or (decrease in) cash and cash equivalents
    		                                                                 
      benefit from (recovery of) inventory allowances and inventory returns
    		                                                                 
      tax benefit from stock-based compensation
    		                                                     165,000            
      gain on sale of property, equipment and operating leases
    		                                                                 
      proceeds from sales of notes receivable
    		                                                 16,700,000                
      borrowings of non-recourse notes payable
    		                                                                 
      loss/(gain) on disposal of property, equipment and operating lease equipment
    		                                                                 
      impairment of goodwill
    		                                                        0    0     
      reserves for (recoveries of) credit losses, inventory obsolescence and sales returns
    		                                                                 
      excess increase in cash value of officers' life insurance
    		                                                            14,000     
      notes receivable—net
    		                                                                 
      premiums paid on officers' life insurance
    		                                                       -47,000 -35,000 -35,000 -49,000 -79,000 -79,000 -79,000 -78,000 -79,000  
      eplus inc. and subsidiaries
    		                                                                 
      consolidated statements of cash flows - continued
    		                                                                 
      excess tax benefit from stock-based compensation
    		                                                     -139,000            
      payments from lessees directly to lenders-operating leases
    		                                                                 
      gain on sale or disposal property, equipment and operating lease equipment
    		                                                                 
      purchases of operating lease equipment
    		                                                     -5,942,000 -3,392,000 -2,801,000 -3,241,000 -6,033,000 -548,000 -395,000 -1,244,000 -388,000 -985,000 -1,302,000  
      proceeds from sale of property and equipment
    		                                                      0 3,000          
      purchases of property and equipment
    		                                                     -295,000 -203,000 -69,000 -95,000 -134,000 -201,000 -167,000 -106,000 -234,000 -157,000 -231,000  
      premiums paid for life insurance
    		                                                                 
      (gain)/loss on disposal of property and equipment
    		                                                      2,000 -3,000          
      (gain)/loss on sale or disposal of operating lease equipment
    		                                                      -3,000 -154,000          
      excess increase in cash value of officers’ life insurance
    		                                                                 
      proceeds from sale or disposal of operating lease equipment
    		                                                      1,337,000 585,000 1,505,000 1,365,000 1,791,000 517,000 1,079,000 715,000    
      premiums paid for officers’ life insurance
    		                                                                 
      borrowings:
    		                                                                 
      non-recourse
    		                                                      3,699,000 2,995,000 5,970,000 7,269,000 993,000 2,508,000   6,448,000 16,299,000  
      repayments:
    		                                                                 
      recourse
    		                                                                 
      supplemental disclosures of cash flow information
    		                                                                 
      tax benefit from share-based compensation
    		                                                       18,000          
      loss on disposal of property and equipment
    		                                                        4,000 0 7,000 4,000 28,000 0 8,000 8,000  
      gain on sale or disposal of operating lease equipment
    		                                                        -698,000 -920,000 -181,000 204,000      
      increase in cash value of officers' life insurance
    		                                                         -1,000 -39,000 -4,000      
      net proceeds on recourse lines of credit
    		                                                                 
      gain on sale of operating leases
    		                                                                 
      (gain) loss on sale or disposal of operating lease equipment
    		                                                                 
      proceeds from sale of operating leases
    		                                                                 
      net (repayments) borrowings on floor plan facility
    		                                                                 
      net repayments on recourse lines of credit
    		                                                                 
      repayment of non-recourse debt to lenders from sales of operating leases
    		                                                                 
      non-recourse borrowings
    		                                                                 
      non-recourse repayments
    		                                                                 
      proceeds from issuance of capital stock, net of expenses
    		                                                             405,000 626,000 343,000  
      net proceeds (repayments) on recourse lines of credit
    		                                                                 
      impact of stock-based compensation
    		                                                              30,000 31,000  
      gain on sales or disposal of operating lease equipment
    		                                                                 
      excess increase in cash value of officers life insurance
    		                                                                 
      investment in direct financing and sale-type leases —net
    		                                                                 
      benefit from inventory losses and inventory returns
    		                                                               96,000  
      gain on disposal of operating lease equipment
    		                                                               -372,000  
      changes in assets and liabilities, net of acquisition:
    		                                                                 
      proceeds from sale of operating lease equipment
    		                                                               750,000  
      cash from acquisitions
    		                                                               -364,000  
      benefit from inventory losses
    		                                                                 
      investment in leases and leased equipment—net
    		                                                                 
      purchase of treasury stock
    		                                                                 
      net borrowings (repayment) on floor plan facility
    		                                                                 
      net borrowings (repayment) on recourse lines of credit
    		                                                                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.