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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash, cash equivalents and restricted cash $ 155,905 $ 183,725
Accounts receivable, net 303,444 259,353
Note receivable, affiliate 5,500  
Inventories, net 2,031,775 1,801,447
Prepaid expenses and other 20,377 15,779
Total current assets 2,517,001 2,260,304
Property and equipment, net 1,501,066 1,488,086
Operating lease right-of-use assets, net 119,329 120,162
Goodwill, net 419,728 420,708
Other assets, net 71,882 74,981
Total assets 4,629,006 4,364,241
Current liabilities:    
Floor plan notes payable 1,248,853 1,139,744
Current maturities of finance lease obligations 38,210 36,119
Current maturities of operating lease obligations 16,716 17,438
Trade accounts payable 181,079 162,134
Customer deposits 127,400 145,326
Accrued expenses 145,071 172,549
Total current liabilities 1,757,329 1,673,310
Long-term debt, net of current maturities 524,450 414,002
Finance lease obligations, net of current maturities 99,394 97,617
Operating lease obligations, net of current maturities 104,600 104,514
Other long-term liabilities 28,788 24,811
Deferred income taxes, net 159,525 159,571
Shareholders’ equity:    
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; 105,000,000 Class A shares and 35,000,000 Class B shares authorized; 62,053,249 Class A shares and 17,989,388 Class B shares outstanding in 2023; and 63,518,042 Class A shares and 18,124,627 Class B shares outstanding in 2022 815 806
Additional paid-in capital 556,001 542,046
Treasury stock, at cost: 266,519 Class A shares and 105,924 Class B shares in 2023; and 1,626,777 Class A shares and 1,112,446 Class B shares in 2022 (125,462) (119,835)
Retained earnings 1,508,202 1,450,025
Accumulated other comprehensive income (loss) (4,054) (2,163)
Total Rush Enterprises, Inc. shareholders’ equity 1,935,502 1,870,879
Noncontrolling interest 19,418 19,537
Total shareholders’ equity 1,954,920 1,890,416
Total liabilities and shareholders’ equity $ 4,629,006 $ 4,364,241
Common Class A [Member]    
Shareholders’ equity:    
Treasury Stock, Common, Shares (in shares) 1,220,155 1,092,142