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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 191,897 $ 201,044
Accounts receivable, net 236,870 220,651
Inventories, net 1,637,321 1,429,429
Prepaid expenses and other 21,707 16,619
Total current assets 2,087,795 1,867,743
Property and equipment, net 1,441,046 1,368,594
Operating lease right-of-use assets, net 104,840 102,685
Goodwill, net 417,465 416,363
Other assets, net 75,175 65,681
Total assets 4,126,321 3,821,066
Current liabilities:    
Floor plan notes payable 1,125,373 933,203
Current maturities of finance lease obligations 34,605 29,209
Current maturities of operating lease obligations 14,966 15,003
Trade accounts payable 186,809 171,717
Customer deposits 101,570 116,240
Accrued expenses 157,522 163,302
Total current liabilities 1,620,845 1,428,674
Long-term debt, net of current maturities 245,277 275,433
Finance lease obligations, net of current maturities 102,227 93,483
Operating lease obligations, net of current maturities 91,431 89,029
Other long-term liabilities 24,301 19,455
Deferred income taxes, net $ 154,955 $ 151,970
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 2023 and 2022 $ 0 $ 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 42,149,927 Class A shares and 12,307,852 Class B shares outstanding in 2023; and 42,345,361 Class A shares and 12,083,085 Class B shares outstanding in 2022 578 572
Additional paid-in capital 522,375 500,642
Treasury stock, at cost: 2,041,809 Class A shares and 1,168,432 Class B shares in 2023; and 1,626,777 Class A shares and 1,112,446 Class B shares in 2022 (196,515) (130,930)
Retained earnings 1,543,941 1,378,337
Accumulated other comprehensive loss (2,209) (4,130)
Total Rush Enterprises, Inc. shareholders’ equity 1,868,170 1,744,491
Noncontrolling interest 19,115 18,531
Total shareholders’ equity 1,887,285 1,763,022
Total liabilities and shareholders’ equity $ 4,126,321 $ 3,821,066
Common Class A [Member]    
Shareholders’ equity:    
Treasury Stock, Common, Shares (in shares) 2,635,163 979,978