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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 123,807 $ 82,026
Accounts receivable, net 142,556 156,199
Note receivable affiliate 16,742 10,166
Inventories, net 916,601 840,304
Prepaid expenses and other 9,557 8,798
Assets held for sale 11,714 13,955
Total current assets 1,220,977 1,111,448
Investments 6,375 6,231
Property and equipment, net 1,118,758 1,135,805
Goodwill, net 290,191 290,191
Other assets, net 55,498 59,372
Total assets 2,691,799 2,603,047
Current liabilities:    
Floor plan notes payable 692,125 646,945
Current maturities of long-term debt 137,320 130,717
Current maturities of capital lease obligations 15,443 14,449
Liabilities directly associated with assets held for sale 783
Trade accounts payable 114,148 97,844
Customer deposits 29,748 18,418
Accrued expenses 88,951 83,974
Total current liabilities 1,077,735 993,130
Long-term debt, net of current maturities 443,465 472,503
Capital lease obligations, net of current maturities 66,313 70,044
Other long-term liabilities 9,298 7,214
Deferred income taxes, net 200,108 197,331
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; 30,793,032 Class A shares and 8,637,855 Class B shares outstanding in 2017; and 30,007,088 Class A shares and 9,245,447 Class B shares outstanding in 2016 448 438
Additional paid-in capital 330,617 309,127
Treasury stock, at cost: 934,171 class A shares and 4,456,753 class B shares in 2017 and 934,171 class A shares and 3,650,491 class B shares in 2016 (113,091) (86,882)
Retained earnings 676,906 640,428
Accumulated other comprehensive loss, net of tax (286)
Total shareholders’ equity 894,880 862,825
Total liabilities and shareholders’ equity $ 2,691,799 $ 2,603,047