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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 66,262,000 $ 28,092,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 117,054,000 118,149,000
Gain on sale of property and equipment (76,000) (1,571,000)
Loss on impairment of assets 8,247,000
Stock-based compensation expense related to stock options and employee stock purchases 12,036,000 9,426,000
Deferred income tax expense 8,609,000 3,355,000
Excess tax expense from stock-based compensation 808,000
Change in accounts receivable, net (1,481,000) 8,560,000
Change in inventories, net (87,799,000) 199,228,000
Change in prepaid expenses and other, net 1,156,000 24,163,000
Change in trade accounts payable 12,469,000 (10,298,000)
Draws (payments) on floor plan notes payable – trade, net 26,439,000 (623,000)
Change in customer deposits 4,558,000 (6,560,000)
Change in accrued expenses 11,048,000 5,783,000
Net cash provided by operating activities 170,275,000 386,759,000
Cash flows from investing activities:    
Acquisition of property and equipment (138,756,000) (159,546,000)
Proceeds from the sale of property and equipment 3,905,000 9,427,000
Business acquisitions (681,000)
Proceeds from the sale of available for sale securities 325,000 450,000
Change in other assets 4,831,000 (4,520,000)
Net cash used in investing activities (129,695,000) (154,870,000)
Cash flows from financing activities:    
Draws (payments) on floor plan notes payable – non-trade, net 33,611,000 (142,229,000)
Proceeds from long-term debt 97,319,000 103,248,000
Principal payments on long-term debt (108,526,000) (122,619,000)
Principal payments on capital lease obligations (9,280,000) (14,174,000)
Proceeds from issuance of shares relating to employee stock options and employee stock purchases 20,096,000 4,826,000
Excess tax expense from stock-based compensation (808,000)
Common stock repurchased (27,388,000) (33,282,000)
Debt issuance costs (523,000)
Net cash provided by (used in) financing activities 5,309,000 (205,038,000)
Net increase in cash and cash equivalents 45,889,000 26,851,000
Cash and cash equivalents, beginning of period 82,026,000 64,847,000
Cash and cash equivalents, end of period 127,915,000 91,698,000
Supplemental disclosure of cash flow information:    
Interest 24,952,000 29,172,000
Income taxes, net of refunds 30,487,000 (12,993,000)
Noncash investing activities:    
Assets acquired under capital leases $ 8,243,000 $ 16,797,000