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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 127,915 $ 82,026
Accounts receivable, net 153,526 156,199
Note receivable affiliate 14,320 10,166
Inventories, net 960,962 840,304
Prepaid expenses and other 7,330 8,798
Assets held for sale 10,319 13,955
Total current assets 1,274,372 1,111,448
Investments 6,375 6,231
Property and equipment, net 1,133,309 1,135,805
Goodwill, net 290,191 290,191
Other assets, net 54,743 59,372
Total assets 2,758,990 2,603,047
Current liabilities:    
Floor plan notes payable 706,995 646,945
Current maturities of long-term debt 142,675 130,717
Current maturities of capital lease obligations 15,314 14,449
Liabilities directly associated with assets held for sale 783
Trade accounts payable 111,100 97,844
Customer deposits 22,976 18,418
Accrued expenses 95,022 83,974
Total current liabilities 1,094,082 993,130
Long-term debt, net of current maturities 450,121 472,503
Capital lease obligations, net of current maturities 64,972 70,044
Other long-term liabilities 9,575 7,214
Deferred income taxes, net 206,123 197,331
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; 31,183,787 Class A shares and 8,606,623 Class B shares outstanding in 2017; and 30,007,088 Class A shares and 9,245,447 Class B shares outstanding in 2016 452 438
Additional paid-in capital 341,245 309,127
Treasury stock, at cost: 934,171 class A shares and 4,487,985 class B shares in 2017 and 934,171 class A shares and 3,650,491 class B shares in 2016 (114,270) (86,882)
Retained earnings 706,690 640,428
Accumulated other comprehensive loss, net of tax (286)
Total shareholders’ equity 934,117 862,825
Total liabilities and shareholders’ equity $ 2,758,990 $ 2,603,047