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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 89,073 $ 82,026
Accounts receivable, net 165,249 156,199
Note receivable affiliate 14,017 10,166
Inventories, net 872,907 840,304
Prepaid expenses and other 9,367 8,798
Assets held for sale 12,932 13,955
Total current assets 1,163,545 1,111,448
Investments 6,231 6,231
Property and equipment, net 1,124,746 1,135,805
Goodwill, net 290,191 290,191
Other assets, net 54,848 59,372
Total assets 2,639,561 2,603,047
Current liabilities:    
Floor plan notes payable 684,595 646,945
Current maturities of long-term debt 131,628 130,717
Current maturities of capital lease obligations 14,623 14,449
Liabilities directly associated with assets held for sale 783
Trade accounts payable 99,534 97,844
Customer deposits 16,217 18,418
Accrued expenses 76,811 83,974
Total current liabilities 1,023,408 993,130
Long-term debt, net of current maturities 459,817 472,503
Capital lease obligations, net of current maturities 67,994 70,044
Other long-term liabilities 8,249 7,214
Deferred income taxes, net 198,739 197,331
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2017 and 2016 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 30,481,059 Class A shares and 9,200,199 Class B shares outstanding in 2017; and 30,007,088 Class A shares and 9,245,447 Class B shares outstanding in 2016 445 438
Additional paid-in capital 320,730 309,127
Treasury stock, at cost: 934,171 class A shares and 3,894,409 class B shares in 2017 and 934,171 class A shares and 3,650,491 class B shares in 2016 (94,442) (86,882)
Retained earnings 654,907 640,428
Accumulated other comprehensive loss, net of tax (286) (286)
Total shareholders’ equity 881,354 862,825
Total liabilities and shareholders’ equity $ 2,639,561 $ 2,603,047