CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 30, 2018 |
Apr. 30, 2017 |
| Operating Activities |
|
|
| Net loss |
$ (1,614)
|
$ (5,932)
|
| Adjustments to reconcile net loss to net cash provided by (used for) operating activities |
|
|
| Depreciation and amortization |
5,526
|
6,095
|
| Deferred income taxes |
(804)
|
(3,603)
|
| Stock-based compensation expense |
540
|
789
|
| Noncash interest expense |
729
|
914
|
| Other, net |
342
|
725
|
| Changes in assets and liabilities |
|
|
| Receivables, prepaid expenses and other assets |
(3,803)
|
283
|
| Inventories |
(42,351)
|
(3,814)
|
| Manufacturer floorplan payable |
24,653
|
51,139
|
| Accounts payable, customer deposits, accrued expenses and other and other long-term liabilities |
(9,252)
|
(5,744)
|
| Income taxes |
(992)
|
80
|
| Net Cash Provided by (Used for) Operating Activities |
(27,026)
|
40,932
|
| Investing Activities |
|
|
| Rental fleet purchases |
(2,121)
|
(5,612)
|
| Property and equipment purchases (excluding rental fleet) |
(692)
|
(4,575)
|
| Proceeds from sale of property and equipment |
411
|
417
|
| Other, net |
(184)
|
21
|
| Net Cash Used for Investing Activities |
(2,586)
|
(9,749)
|
| Financing Activities |
|
|
| Net change in non-manufacturer floorplan payable |
47,376
|
(25,484)
|
| Repurchase of Senior Convertible Notes |
0
|
(19,340)
|
| Proceeds from long-term debt borrowings |
6
|
20,115
|
| Principal payments on long-term debt |
(13,425)
|
(2,335)
|
| Other, net |
(607)
|
(1,123)
|
| Net Cash Provided by (Used for) Financing Activities |
33,350
|
(28,167)
|
| Effect of Exchange Rate Changes on Cash |
120
|
74
|
| Net Change in Cash |
3,858
|
3,090
|
| Cash at Beginning of Period |
53,396
|
53,151
|
| Cash at End of Period |
57,254
|
56,241
|
| Cash paid (received) during the period |
|
|
| Income taxes, net of refunds |
906
|
0
|
| Interest |
1,954
|
3,429
|
| Supplemental Disclosures of Noncash Investing and Financing Activities |
|
|
| Net property and equipment financed with long-term debt, accounts payable and accrued expenses and other |
836
|
354
|
| Net transfer of assets from property and equipment to inventories |
$ (1,853)
|
$ (1,200)
|