XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 124,541 $ 82,026
Accounts receivable, net 183,875 156,199
Note receivable affiliate 11,914 10,166
Inventories, net 1,033,294 840,304
Prepaid expenses and other 11,969 8,798
Assets held for sale 9,505 13,955
Total current assets 1,375,098 1,111,448
Investments 6,375 6,231
Property and equipment, net 1,159,595 1,135,805
Goodwill, net 291,391 290,191
Other assets, net 57,680 59,372
Total assets 2,890,139 2,603,047
Current liabilities:    
Floor plan notes payable 778,561 646,945
Current maturities of long-term debt 145,139 130,717
Current maturities of capital lease obligations 17,119 14,449
Liabilities directly associated with assets held for sale 783
Trade accounts payable 107,906 97,844
Customer deposits 27,350 18,418
Accrued expenses 96,132 83,974
Total current liabilities 1,172,207 993,130
Long-term debt, net of current maturities 466,389 472,503
Capital lease obligations, net of current maturities 66,022 70,044
Other long-term liabilities 9,837 7,214
Deferred income taxes, net 135,311 197,331
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; 31,345,116 Class A shares and 8,469,247 Class B shares outstanding in 2017; and 30,007,088 Class A shares and 9,245,447 Class B shares outstanding in 2016 454 438
Additional paid-in capital 348,044 309,127
Treasury stock, at cost: 934,171 class A shares and 4,625,181 class B shares in 2017 and 934,171 class A shares and 3,650,491 class B shares in 2016 (120,682) (86,882)
Retained earnings 812,557 640,428
Accumulated other comprehensive loss, net of tax (286)
Total shareholders’ equity 1,040,373 862,825
Total liabilities and shareholders’ equity $ 2,890,139 $ 2,603,047