XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 312,048 $ 181,620
Accounts receivable, net 172,481 183,704
Inventories, net 858,291 1,326,080
Prepaid expenses and other 14,906 20,728
Assets held for sale 0 419
Total current assets 1,357,726 1,712,551
Property and equipment, net 1,203,719 1,279,931
Operating lease right-of-use assets, net 60,577 57,197
Goodwill, net 292,142 292,142
Other assets, net 71,229 65,508
Total assets 2,985,393 3,407,329
Current liabilities:    
Floor plan notes payable 511,786 996,336
Current maturities of long-term debt 141,672 189,265
Current maturities of finance lease obligations 26,373 22,892
Current maturities of operating lease obligations 10,196 10,114
Trade accounts payable 110,728 133,697
Customer deposits 74,209 42,695
Accrued expenses 151,830 112,390
Total current liabilities 1,026,794 1,507,389
Long-term debt, net of current maturities 387,982 438,413
Finance lease obligations, net of current maturities 90,740 69,478
Operating lease obligations, net of current maturities 51,155 47,555
Other long-term liabilities 34,246 20,704
Deferred income taxes, net 126,439 164,297
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; 42,503,925 Class A shares and 12,470,308 Class B shares outstanding in 2020; and 41,930,472 Class A shares and 12,360,729 Class B shares outstanding in 2019 551 465
Additional paid-in capital 437,646 397,267
Treasury stock, at cost: 10,335 Class A shares and 73,437 Class B shares in 2020 and 7,583,674 Class A shares and 7,959,511 Class B shares in 2019 (2,879) (304,129)
Retained earnings 831,850 1,065,553
Accumulated other comprehensive income 869 337
Total shareholders’ equity 1,268,037 1,159,493
Total liabilities and shareholders’ equity $ 2,985,393 $ 3,407,329