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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 205,569 $ 124,541
Accounts receivable, net 177,162 183,875
Note receivable affiliate 12,455 11,914
Inventories, net 1,270,941 1,033,294
Prepaid expenses and other 10,281 11,969
Assets held for sale 4,827 9,505
Total current assets 1,681,235 1,375,098
Investments 6,375
Property and equipment, net 1,176,746 1,159,595
Goodwill, net 291,391 291,391
Other assets, net 40,431 57,680
Total assets 3,189,803 2,890,139
Current liabilities:    
Floor plan notes payable 990,594 778,561
Current maturities of long-term debt 159,972 145,139
Current maturities of capital lease obligations 16,977 17,119
Trade accounts payable 135,983 107,906
Customer deposits 40,569 27,350
Accrued expenses 102,986 96,132
Total current liabilities 1,447,081 1,172,207
Long-term debt, net of current maturities 439,418 466,389
Capital lease obligations, net of current maturities 54,689 66,022
Other long-term liabilities 12,020 9,837
Deferred income taxes, net 147,436 135,311
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2018 and 2017 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 30,502,338 Class A shares and 8,358,525 Class B shares outstanding in 2018; and 31,345,116 Class A shares and 8,469,427 Class B shares outstanding in 2017 458 454
Additional paid-in capital 367,654 348,044
Treasury stock, at cost: 1,988,354 class A shares and 4,962,539 class B shares in 2018 and 934,171 class A shares and 4,625,181 class B shares in 2017 (178,911) (120,682)
Retained earnings 899,958 812,557
Total shareholders’ equity 1,089,159 1,040,373
Total liabilities and shareholders’ equity $ 3,189,803 $ 2,890,139