XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 201,044 $ 148,146
Accounts receivable, net 220,651 140,186
Inventories, net 1,429,429 1,020,136
Prepaid expenses and other 16,619 15,986
Total current assets 1,867,743 1,324,454
Property and equipment, net 1,368,594 1,278,207
Operating lease right-of-use assets, net 102,685 69,008
Goodwill, net 416,363 370,331
Other assets, net 65,681 77,977
Total assets 3,821,066 3,119,977
Current liabilities:    
Floor plan notes payable 933,203 630,731
Current maturities of finance lease obligations 29,209 26,695
Current maturities of operating lease obligations 15,003 12,096
Trade accounts payable 171,717 122,291
Customer deposits 116,240 80,561
Accrued expenses 163,302 131,130
Total current liabilities 1,428,674 1,003,504
Long-term debt, net of current maturities 275,433 334,926
Finance lease obligations, net of current maturities 93,483 89,835
Operating lease obligations, net of current maturities 89,029 57,976
Other long-term liabilities 19,455 26,514
Deferred income taxes, net $ 151,970 $ 140,473
Shareholders’ equity:    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 1,000,000 1,000,000
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; 42,345,361 Class A shares and 12,083,085 Class B shares outstanding in 2022; and 43,107,867 Class A shares and 12,398,606 Class B shares outstanding in 2021 572 563
Additional paid-in capital 500,642 470,750
Treasury stock, at cost: 1,626,777 Class A shares and 1,112,446 Class B shares in 2022; and 339,786 Class A shares and 492,052 Class B shares in 2021 (130,930) (36,933)
Retained earnings 1,378,337 1,031,582
Accumulated other comprehensive income (loss) (4,130) 787
Total Rush Enterprises, Inc. shareholders’ equity 1,744,491 1,466,749
Noncontrolling interest 18,531 0
Total shareholders’ equity 1,763,022 1,466,749
Total liabilities and shareholders’ equity $ 3,821,066 $ 3,119,977
Common Class A [Member]    
Shareholders’ equity:    
Treasury stock (in shares) 1,626,777 339,786