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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 86,117 $ 131,726
Accounts receivable, net 220,378 190,650
Note receivable affiliate 12,310 12,885
Inventories, net 1,385,132 1,339,923
Prepaid expenses and other 24,419 10,491
Assets held for sale 419 2,269
Total current assets 1,728,775 1,687,944
Property and equipment, net 1,261,370 1,184,053
Operating lease right-of-use assets, net 56,372 0
Goodwill, net 292,142 291,391
Other assets, net 66,595 37,962
Total assets 3,405,254 3,201,350
Current liabilities:    
Floor plan notes payable 1,051,241 1,023,019
Current maturities of long-term debt 158,722 161,955
Current maturities of finance lease obligations 20,995 19,631
Current maturities of operating lease obligations 9,787 0
Trade accounts payable 137,781 127,451
Customer deposits 33,553 36,183
Accrued expenses 106,768 125,056
Total current liabilities 1,518,847 1,493,295
Long-term debt, net of current maturities 462,646 439,218
Finance lease obligations, net of current maturities 57,077 49,483
Operating lease obligations, net of current maturities 46,899 0
Other long-term liabilities 19,621 11,118
Deferred income taxes, net 162,911 141,308
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2019 and 2018 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 27,806,319 Class A shares and 8,283,916 Class B shares outstanding in 2019; and 28,709,636 Class A shares and 8,290,277 Class B shares outstanding in 2018 463 458
Additional paid-in capital 390,359 370,025
Treasury stock, at cost: 4,995,651 Class A shares and 5,262,911 Class B shares in 2019 and 3,791,751 Class A shares and 5,030,787 Class B shares in 2018 (300,041) (245,842)
Retained earnings 1,046,538 942,287
Accumulated other comprehensive income (66) 0
Total shareholders’ equity 1,137,253 1,066,928
Total liabilities and shareholders’ equity $ 3,405,254 $ 3,201,350