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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 12,285 $ 19,843
Contracts-in-transit and vehicle receivables, net 105,835 113,846
Accounts and notes receivable, net 71,504 75,623
Inventories 779,679 777,771
Deferred income taxes 15,690 14,819
Prepaid expenses and other current assets 10,615 17,332
Total current assets 995,608 1,019,234
PROPERTY AND EQUIPMENT, net 550,134 506,288
GOODWILL 526,651 507,962
INTANGIBLE FRANCHISE RIGHTS 166,866 158,694
OTHER ASSETS 8,618 9,786
Total assets 2,247,877 2,201,964
CURRENT LIABILITIES:    
Floorplan notes payable - credit facility 503,072 560,840
Floorplan notes payable - manufacturer affiliates 136,049 103,345
Current maturities of long-term debt 12,874 53,189
Current liabilities from interest rate risk management activities 815 1,098
Accounts payable 109,079 92,799
Accrued expenses 95,332 83,663
Total current liabilities 857,221 894,934
LONG-TERM DEBT, net of current maturities 453,717 412,950
DEFERRED INCOME TAXES 70,884 58,970
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 16,381 16,426
OTHER LIABILITIES 33,436 31,036
DEFERRED REVENUES 2,332 3,280
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 50,000 shares authorized; 26,205 and 26,096 issued, respectively 262 261
Additional paid-in capital 367,303 363,966
Retained earnings 554,640 519,843
Accumulated other comprehensive loss (17,155) (18,755)
Treasury stock, at cost; 2,574 and 2,303 shares, respectively (91,144) (80,947)
Total stockholders' equity 813,906 784,368
Total liabilities and stockholders' equity $ 2,247,877 $ 2,201,964