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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 316,070 $ 312,048
Accounts receivable, net 187,171 172,481
Inventories, net 877,876 858,291
Prepaid expenses and other 15,635 14,906
Total current assets 1,396,752 1,357,726
Property and equipment, net 1,183,437 1,203,719
Operating lease right-of-use assets, net 64,512 60,577
Goodwill, net 292,142 292,142
Other assets, net 71,580 71,229
Total assets 3,008,423 2,985,393
Current liabilities:    
Floor plan notes payable 550,304 511,786
Current maturities of long-term debt 135,523 141,672
Current maturities of finance lease obligations 26,448 26,373
Current maturities of operating lease obligations 10,329 10,196
Trade accounts payable 136,329 110,728
Customer deposits 42,966 74,209
Accrued expenses 126,407 151,830
Total current liabilities 1,028,306 1,026,794
Long-term debt, net of current maturities 369,587 387,982
Finance lease obligations, net of current maturities 93,584 90,740
Operating lease obligations, net of current maturities 55,229 51,155
Other long-term liabilities 34,424 34,246
Deferred income taxes, net 118,064 126,439
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2021 and 2020 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 42,885,268 Class A shares and 12,659,918 Class B shares outstanding in 2021; and 42,503,925 Class A shares and 12,470,308 Class B shares outstanding in 2020 558 551
Additional paid-in capital 449,790 437,646
Treasury stock, at cost: 12,999 Class A shares and 228,849 Class B shares in 2021; and 10,335 Class A shares and 73,437 Class B shares in 2020 (9,362) (2,879)
Retained earnings 867,119 831,850
Accumulated other comprehensive income 1,124 869
Total shareholders’ equity 1,309,229 1,268,037
Total liabilities and shareholders’ equity $ 3,008,423 $ 2,985,393