XML 16 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 131,726 $ 124,541
Accounts receivable, net 190,650 183,875
Note receivable affiliate 12,885 11,914
Inventories, net 1,339,923 1,033,294
Prepaid expenses and other 10,491 11,969
Assets held for sale 2,269 9,505
Total current assets 1,687,944 1,375,098
Investments 6,375
Property and equipment, net 1,184,053 1,159,595
Goodwill, net 291,391 291,391
Other assets, net 37,962 57,680
Total assets 3,201,350 2,890,139
Current liabilities:    
Floor plan notes payable 1,023,019 778,561
Current maturities of long-term debt 161,955 145,139
Current maturities of capital lease obligations 19,631 17,119
Trade accounts payable 127,451 107,906
Customer deposits 36,183 27,350
Accrued expenses 125,056 96,132
Total current liabilities 1,493,295 1,172,207
Long-term debt, net of current maturities 439,218 466,389
Capital lease obligations, net of current maturities 49,483 66,022
Other long-term liabilities 11,118 9,837
Deferred income taxes, net 141,308 135,311
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; 28,709,636 Class A shares and 8,290,277 Class B shares outstanding in 2018; and 31,345,116 Class A shares and 8,469,247 Class B shares outstanding in 2017 458 454
Additional paid-in capital 370,025 348,044
Treasury stock, at cost: 3,791,751 Class A shares and 5,030,787 Class B shares in 2018 and 934,171 Class A shares and 4,625,181 Class B shares in 2017 (245,842) (120,682)
Retained earnings 942,287 812,557
Total shareholders’ equity 1,066,928 1,040,373
Total liabilities and shareholders’ equity $ 3,201,350 $ 2,890,139