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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 241,415 $ 114,887 $ 141,583
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 169,497 177,347 175,484
(Gain) loss on sale of property and equipment, net (1,432) (1,852) 102
Stock-based compensation expense related to employee stock options and employee stock purchases 22,246 19,356 19,005
Provision (benefit) for deferred income tax expense 14,034 (37,858) 22,989
Change in accounts receivable, net 32,312 11,223 19,831
Change in inventories (33,572) 536,682 81,722
Change in prepaid expenses and other, net (252) 5,822 (10,237)
Change in trade accounts payable 12,053 (23,336) 2,241
Payments on floor plan notes payable – trade, net   (114,958) (26,579)
Change in customer deposits 2,993 31,514 6,512
Change in accrued expenses (31,337) 48,974 (12,757)
Other, net (5,611) (4,819) 1,376
Net cash provided by operating activities 422,346 762,982 421,272
Cash flows from investing activities:      
Acquisition of property and equipment (167,177) (136,200) (293,493)
Proceeds from the sale of property and equipment 3,447 5,783 2,310
Business acquisitions (269,332)   (10,168)
Purchase of equity method investment and call option     (22,499)
Other 157 2,960 3,394
Net cash used in investing activities (432,905) (127,457) (320,456)
Cash flows from financing activities:      
Draws (payments) on floor plan notes payable – non-trade, net 118,945 (369,592) (104)
Proceeds from long-term debt 260,336 157,255 210,043
Principal payments on long-term debt (455,064) (255,279) (183,538)
Principal payments on finance lease obligations (13,774) (11,192) (8,331)
Draws on line of credit     135,000
Payments on line of credit     (135,000)
Proceeds from issuance of shares relating to employee stock options and employee stock purchases 10,870 21,037 8,244
Payments of cash dividends (41,060) (22,461) (18,317)
Common stock repurchased (33,596) (24,865) (58,188)
Debt issuance costs     (731)
Net cash used in financing activities (153,343) (505,097) (50,922)
Net (decrease) increase in cash and cash equivalents (163,902) 130,428 49,894
Cash and cash equivalents, beginning of year 312,048 181,620 131,726
Cash and cash equivalents, end of year 148,146 312,048 181,620
Supplemental disclosure of cash flow information:      
Interest 22,224 38,806 57,373
Income taxes paid, net 101,987 36,364 42,440
Assets acquired under finance leases $ 29,044 $ 49,523 44,904
Guaranty agreement     $ 5,025