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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 259,543 $ 181,620
Accounts receivable (less allowances for credit losses of $1,262 and $1,424, respectively) 155,677 183,704
Inventories, net 937,878 1,326,080
Prepaid expenses and other 13,315 20,728
Assets held for sale 0 419
Total current assets 1,366,413 1,712,551
Property and equipment, net 1,227,275 1,279,931
Operating lease right-of-use assets, net 57,535 57,197
Goodwill, net 292,142 292,142
Other assets, net 67,324 65,508
Total assets 3,010,689 3,407,329
Current liabilities:    
Floor plan notes payable 613,700 996,336
Current maturities of long-term debt 179,450 189,265
Current maturities of finance lease obligations 23,940 22,892
Current maturities of operating lease obligations 9,986 10,114
Trade accounts payable 109,982 133,697
Customer deposits 36,584 42,695
Accrued expenses 115,621 112,390
Total current liabilities 1,089,263 1,507,389
Long-term debt, net of current maturities 385,408 438,413
Finance lease obligations, net of current maturities 85,268 69,478
Operating lease obligations, net of current maturities 48,212 47,555
Other long-term liabilities 22,765 20,704
Deferred income taxes, net 152,700 164,297
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2020 and 2019 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 42,208,299 Class A shares and 12,518,877 Class B shares outstanding in 2020; and 41,930,472 Class A shares and 12,360,729 Class B shares outstanding in 2019 547 465
Additional paid-in capital 428,823 397,267
Treasury stock, at cost: 24,892 Class B shares in 2020 and 7,583,674 Class A shares and 7,959,511 Class B shares in 2019 (723) (304,129)
Retained earnings 798,606 1,065,553
Accumulated other comprehensive (loss) income (180) 337
Total shareholders’ equity 1,227,073 1,159,493
Total liabilities and shareholders’ equity $ 3,010,689 $ 3,407,329