v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Apr. 30, 2024
Operating Activities:      
Net loss $ (139,111) $ 17,932 $ (31,393)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Provision for credit losses 419,230 374,559 423,406
Losses on claims for accident protection plan 36,276 34,525 34,504
Depreciation and amortization 8,207 7,647 6,871
Amortization of debt issuance costs 9,424 6,200 5,139
(Gain) loss on disposal of property and equipment 0 (2) 437
Impairment of assets 11,016 0 0
Change in goodwill 36 140 267
Change in fair value of contingent consideration 0 161 0
Stock based compensation 3,722 4,708 4,174
Deferred income taxes 27,061 (10,662) (21,507)
Loss on extinguishment of debt 2,726 0 0
Change in operating assets and liabilities:      
Finance receivable originations (952,451) (1,075,080) (1,079,946)
Loan origination costs 84 (2) 40
Finance receivable collections 477,730 469,379 455,828
Accrued interest on finance receivables (597) (525) (792)
Inventory 180,287 114,573 139,186
Prepaid expenses and other assets 5,953 (6,806) (7,386)
Accounts payable and accrued liabilities (2,828) 17,616 (9,338)
Income taxes, net (4,975) 4,409 6,301
Net cash provided by (used in) operating activities 64,959 (48,764) (73,898)
Investing Activities:      
Acquisition 0 (7,527) (4,815)
Purchase of property and equipment (1,810) (3,890) (6,146)
Proceeds from sale of property and equipment 289 42 316
Net cash provided by (used in) investing activities (1,521) (11,375) (10,645)
Financing Activities:      
Exercise of stock options 0 0 (455)
Issuance of common stock 218 74,106 282
Purchase of common stock (297) (434) (365)
Dividend payments on subsidiary preferred stock (40) (40) (40)
Change in cash overdrafts (1,289) 466 823
Debt issuance costs (20,252) (9,006) (5,897)
Issuances of non-recourse notes payable 549,224 649,889 610,340
Payments on non-recourse notes payable (663,045) (631,331) (526,959)
Proceeds from revolving line of credit 314,593 601,091 554,593
Payments on revolving line of credit (521,691) (594,512) (521,366)
Loss on extinguishment of debt (1,750) 0 0
Proceeds from senior secured notes payable 288,000 0 0
Net cash provided by (used in) financing activities (56,329) 90,229 110,956
Increase in cash, cash equivalents, and restricted cash 7,109 30,090 26,413
Cash, cash equivalents, and restricted cash beginning of period 124,537 94,447 68,034
Cash, cash equivalents, and restricted cash end of period 131,646 124,537 94,447
Deferred accident protection plan revenue      
Change in operating assets and liabilities:      
Deferred revenue (6,518) (378) (1,229)
Deferred service contract revenue      
Change in operating assets and liabilities:      
Deferred revenue $ (10,313) $ (7,158) $ 1,540