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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 45,333 $ 23,107
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation and amortization 42,601 45,192
Gain on sale of property and equipment, net (92) (100)
Stock-based compensation expense related to employee stock options and employee stock purchases 11,520 8,553
Provision for deferred income tax expense (8,375) (7,160)
Change in accounts receivable, net (14,690) (30,893)
Change in inventories (1,797) 153,569
Change in prepaid expenses and other, net (729) 6,002
Change in trade accounts payable 23,903 (11,673)
Payments on floor plan notes payable – trade, net   (15,077)
Change in customer deposits (31,243) (16,701)
Change in accrued expenses (25,495) (15,257)
Other, net (795) (747)
Net cash provided by operating activities 40,141 138,815
Cash flows from investing activities:    
Acquisition of property and equipment (32,933) (49,489)
Proceeds from the sale of property and equipment 136 172
Other 638 1,984
Net cash used in investing activities (32,159) (47,333)
Cash flows from financing activities:    
Draws (payments) on floor plan notes payable – non-trade, net 38,518 (92,579)
Proceeds from long-term debt 20,125 28,226
Principal payments on long-term debt (44,669) (45,450)
Principal payments on finance lease obligations (2,090) (2,012)
Proceeds from issuance of shares relating to employee stock options and employee stock purchases 631 909
Payments of cash dividends (9,914) (4,754)
Common stock repurchased (6,561) (19,902)
Net cash used in financing activities (3,960) (135,562)
Net increase (decrease) in cash and cash equivalents 4,022 (44,080)
Cash and cash equivalents, beginning of period 312,048 181,620
Cash and cash equivalents, end of period 316,070 137,540
Supplemental disclosure of cash flow information:    
Interest 7,262 12,556
Income taxes paid (refunded), net 27,552 (2)
Assets acquired under finance leases $ 10,368 $ 12,673