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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 148,146 $ 312,048
Accounts receivable, net 140,186 172,481
Inventories, net 1,020,136 858,291
Prepaid expenses and other 15,986 14,906
Total current assets 1,324,454 1,357,726
Property and equipment, net 1,278,207 1,203,719
Operating lease right-of-use assets, net 69,008 60,577
Goodwill, net 370,331 292,142
Other assets, net 77,977 71,229
Total assets 3,119,977 2,985,393
Current liabilities:    
Floor plan notes payable 630,731 511,786
Current maturities of long-term debt   141,672
Current maturities of finance lease obligations 26,695 26,373
Current maturities of operating lease obligations 12,096 10,196
Trade accounts payable 122,291 110,728
Customer deposits 80,561 74,209
Accrued expenses 131,130 151,830
Total current liabilities 1,003,504 1,026,794
Long-term debt, net of current maturities 334,926 387,982
Finance lease obligations, net of current maturities 89,835 90,740
Operating lease obligations, net of current maturities 57,976 51,155
Other long-term liabilities 26,514 34,246
Deferred income taxes, net 140,473 126,439
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; 43,107,867 Class A shares and 12,398,606 Class B shares outstanding in 2021; and 42,503,925 Class A shares and 12,470,308 Class B shares outstanding in 2020 563 551
Additional paid-in capital 470,750 437,646
Treasury stock, at cost: 339,786 Class A shares and 492,052 Class B shares in 2021; and 10,335 Class A shares and 73,437 Class B shares in 2020 (36,933) (2,879)
Retained earnings 1,031,582 831,850
Accumulated other comprehensive income 787 869
Total shareholders’ equity 1,466,749 1,268,037
Total liabilities and shareholders’ equity $ 3,119,977 $ 2,985,393