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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 181,620 $ 131,726
Accounts receivable, net 183,704 190,650
Note receivable affiliate 0 12,885
Inventories, net 1,326,080 1,339,923
Prepaid expenses and other 20,728 10,491
Assets held for sale 419 2,269
Total current assets 1,712,551 1,687,944
Property and equipment, net 1,279,931 1,184,053
Operating lease right-of-use assets, net 57,197 0
Goodwill, net 292,142 291,391
Other assets, net 65,508 37,962
Total assets 3,407,329 3,201,350
Current liabilities:    
Floor plan notes payable 996,336 1,023,019
Current maturities of long-term debt 189,265 161,955
Current maturities of finance lease obligations 22,892 19,631
Current maturities of operating lease obligations 10,114 0
Trade accounts payable 133,697 127,451
Customer deposits 42,695 36,183
Accrued expenses 112,390 125,056
Total current liabilities 1,507,389 1,493,295
Long-term debt, net of current maturities 438,413 439,218
Finance lease obligations, net of current maturities 69,478 49,483
Operating lease obligations, net of current maturities 47,555 0
Other long-term liabilities 20,704 11,118
Deferred income taxes, net 164,297 141,308
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; 27,953,648 Class A shares and 8,240,486 Class B shares outstanding in 2019; and 28,709,636 Class A shares and 8,290,277 Class B shares outstanding in 2018 465 458
Additional paid-in capital 397,267 370,025
Treasury stock, at cost: 5,055,783 Class A shares and 5,306,341 Class B shares in 2019 and 3,791,751 Class A shares and 5,030,787 Class B shares in 2018 (304,129) (245,842)
Retained earnings 1,065,553 942,287
Accumulated other comprehensive income 337 0
Total shareholders’ equity 1,159,493 1,066,928
Total liabilities and shareholders’ equity $ 3,407,329 $ 3,201,350