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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 219,519 $ 148,146
Accounts receivable, net 220,832 140,186
Inventories, net 1,351,930 1,020,136
Prepaid expenses and other 17,075 15,986
Total current assets 1,809,356 1,324,454
Property and equipment, net 1,351,968 1,278,207
Operating lease right-of-use assets, net 103,652 69,008
Goodwill, net 415,754 370,331
Other assets, net 61,849 77,977
Total assets 3,742,579 3,119,977
Current liabilities:    
Floor plan notes payable 935,785 630,731
Current maturities of finance lease obligations 28,165 26,695
Current maturities of operating lease obligations 15,176 12,096
Trade accounts payable 185,695 122,291
Customer deposits 91,188 80,561
Accrued expenses 163,374 131,130
Total current liabilities 1,419,383 1,003,504
Long-term debt, net of current maturities 307,065 334,926
Finance lease obligations, net of current maturities 82,613 89,835
Operating lease obligations, net of current maturities 89,729 57,976
Other long-term liabilities 19,376 26,514
Deferred income taxes, net 148,394 140,473
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2022 and 2021 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 42,373,737 Class A shares and 12,092,098 Class B shares outstanding in 2022; and 43,018,498 Class A shares and 12,474,589 Class B shares outstanding in 2021 571 563
Additional paid-in capital 494,703 470,750
Treasury stock, at cost: 1,493,121 Class A shares and 1,103,433 Class B shares in 2022; and 183,765 Class A shares and 416,069 Class B shares in 2021 (123,781) (36,933)
Retained earnings 1,291,602 1,031,582
Accumulated other comprehensive income (loss) (5,637) 787
Total Rush Enterprises, Inc. shareholders’ equity 1,657,458 1,466,749
Noncontrolling interest 18,561  
Total shareholders’ equity 1,676,019 1,466,749
Total liabilities and shareholders’ equity $ 3,742,579 $ 3,119,977