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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 35,830$ 22,084
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization41,22033,205
Gain on sale of property and equipment(457)(34)
Gain on disposition of equipment centers (10,091)
Stock-based compensation expense related to stock options and employee stock purchases4,7563,583
Provision (benefit) for deferred income tax expense16,5601,488
Excess tax benefits from stock-based compensation(1,244)(232)
Change in accounts receivable, net(29,536)(24,623)
Change in inventories(161,532)(68,307)
Change in prepaid expenses and other, net8,81398
Change in trade accounts payable16,51314,931
Change in accrued expenses18,58024,149
Net cash (used in) operating activities(50,497)(3,749)
Cash flows from investing activities:  
Acquisition of property and equipment(100,382)(44,643)
Proceeds from the sale of property and equipment10,526221
Business acquisitions(60,038)(33,674)
Proceeds from disposition of equipment centers 26,234
Change in other assets(82)(985)
Net cash (used in) investing activities(149,976)(52,847)
Cash flows from financing activities:  
Draws on floor plan notes payable, net186,34758,297
Proceeds from long-term debt86,66246,262
Principal payments on long-term debt(52,214)(41,834)
Principal payments on capital lease obligations(10,166)(5,692)
Debt issuance costs(96)(160)
Excess tax benefits from stock-based compensation1,244232
Proceeds from issuance of shares relating to employee stock options and employee stock purchases2,9651,298
Net cash provided by financing activities214,74258,403
Net increase in cash and cash equivalents14,2691,807
Cash and cash equivalents, beginning of period168,976149,095
Cash and cash equivalents, end of period183,245150,902
Cash paid during the period for:  
Interest10,5739,874
Income taxes, net of refunds(2,709)3,749
Noncash investing activities:  
Note receivable related to disposition of equipment centers 4,750
Assets acquired under capital leases$ 11,342$ 8,261