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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 92,664 $ 64,847
Accounts receivable, net 127,510 156,977
Note receivable affiliate 12,466 10,611
Inventories, net 1,038,598 1,061,198
Prepaid expenses and other 11,117 32,953
Assets held for sale 20,186
Total current assets 1,302,541 1,326,586
Investments 6,417 6,650
Property and equipment, net 1,157,252 1,172,824
Goodwill, net 290,191 285,041
Other assets, net 56,294 60,907
Total assets 2,812,695 2,852,008
Current liabilities:    
Floor plan notes payable 830,092 854,758
Current maturities of long-term debt 134,830 151,024
Current maturities of capital lease obligations 14,303 14,691
Liabilities directly associated with assets held for sale 1,196
Trade accounts payable 118,899 120,255
Customer deposits 21,211 22,438
Accrued expenses 84,073 83,871
Total current liabilities 1,204,604 1,247,037
Long-term debt, net of current maturities 496,658 496,731
Capital lease obligations, net of current maturities 69,628 69,074
Other long-term liabilities 6,645 5,282
Deferred income taxes, net 189,153 188,987
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2016 and 2015  
Common stock, par value $.01 per share; 60,000,000 class A shares and 20,000,000 class B shares authorized; 29,615,609 class A shares and 10,167,314 class B shares outstanding in 2016; and 30,303,818 class A shares and 10,093,305 class B shares outstanding in 2015 434 430
Additional paid-in capital 296,477 288,294
Treasury stock, at cost: 934,171 class A shares and 2,728,624 class B shares in 2016; and 2,616,657 class B shares in 2015 (63,667) (43,368)
Retained earnings 613,058 599,846
Accumulated other comprehensive loss, net of tax (295) (305)
Total shareholders’ equity 846,007 844,897
Total liabilities and shareholders’ equity $ 2,812,695 $ 2,852,008