XML 35 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:  
Cash and cash equivalents$ 11,300$ 19,843
Contracts-in-transit and vehicle receivables, net100,246113,846
Accounts and notes receivable, net71,49675,623
Inventories719,677777,771
Deferred income taxes16,48214,819
Prepaid expenses and other current assets18,23217,332
Total current assets937,4331,019,234
PROPERTY AND EQUIPMENT, net550,908506,288
GOODWILL526,487507,962
INTANGIBLE FRANCHISE RIGHTS166,818158,694
OTHER ASSETS13,6569,786
Total assets2,195,3022,201,964
CURRENT LIABILITIES:  
Floorplan notes payable - credit facility437,052560,840
Floorplan notes payable - manufacturer affiliates122,358103,345
Current maturities of long-term debt14,00353,189
Current liabilities from interest rate risk management activities7,6561,098
Accounts payable128,49092,799
Accrued expenses92,36083,663
Total current liabilities801,919894,934
LONG-TERM DEBT, net of current maturities473,193412,950
DEFERRED INCOME TAXES70,92958,970
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES25,11216,426
OTHER LIABILITIES33,25231,036
DEFERRED REVENUES2,1333,280
STOCKHOLDERS' EQUITY:  
Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding  
Common stock, $0.01 par value, 50,000 shares authorized; 26,204 and 26,096 issued, respectively262261
Additional paid-in capital368,776363,966
Retained earnings573,120519,843
Accumulated other comprehensive loss(27,986)(18,755)
Treasury stock, at cost; 3,480 and 2,303 shares, respectively(125,408)(80,947)
Total stockholders' equity788,764784,368
Total liabilities and stockholders' equity$ 2,195,302$ 2,201,964