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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 229,692 $ 269,948
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 175,461 165,145
Gain on sale of property and equipment (690) (596)
Stock-based compensation expense related to stock options and employee stock purchases 24,897 25,297
Provision for deferred income tax expense 11,129 3,508
Change in accounts receivable, net (30,478) (42,822)
Change in inventories, net (108,066) (193,668)
Change in prepaid expenses and other, net (5,266) (2,078)
Change in trade accounts payable 11,590 4,576
Change in customer deposits (58,231) (13,334)
Change in accrued expenses (22,257) (4,086)
Other, net (513) (831)
Net cash provided by operating activities 227,268 211,059
Acquisition of property and equipment (304,231) (289,079)
Proceeds from the sale of property and equipment 9,098 1,890
Business acquisition, net of cash acquired (16,363) 0
Other 5,668 (3,765)
Net cash used in investing activities (305,828) (290,954)
Principal payments on long-term debt    
Draws on floor plan notes payable – non-trade, net 146,042 188,420
Proceeds from long-term debt 1,621,288 995,081
Principal payments on long-term debt (1,634,543) (962,792)
Principal payments on finance lease obligations (12,556) (13,447)
Proceeds from issuance of shares relating to employee stock options and employee stock purchases 20,232 14,734
Taxes paid related to net share settlement of equity awards (9,496) (7,017)
Payments of cash dividends (41,230) (37,097)
Common stock repurchased (9,809) (107,037)
Net cash provided by financing activities 79,928 70,845
Net increase(decrease) in cash, cash equivalents and restricted cash 1,368 (9,050)
Effect of exchange rate on cash (20) (6)
Cash, cash equivalents and restricted cash, beginning of period 183,725 201,044
Cash, cash equivalents and restricted cash, end of period 185,073 191,988
Supplemental disclosure of cash flow information:    
Interest 60,105 40,233
Income taxes, net of refunds 64,065 80,759
Noncash investing and financing activities:    
Assets acquired under finance leases $ 21,714 $ 40,144