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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 26,278 $ 4,650
Contracts-in-transit and vehicle receivables, net 160,554 204,396
Accounts and notes receivable, net 123,376 111,228
Inventories, net 1,351,719 1,194,288
Deferred income taxes 22,273 19,750
Prepaid expenses and other current assets 23,775 31,869
Total current assets 1,707,975 1,566,181
PROPERTY AND EQUIPMENT, net 716,514 667,768
GOODWILL 689,871 582,384 [1]
INTANGIBLE FRANCHISE RIGHTS 279,806 196,058
OTHER ASSETS 15,742 10,624
Total assets 3,409,908 3,023,015
CURRENT LIABILITIES:    
Floorplan notes payable - credit facility and other 960,871 968,959
Offset account related to floorplan notes payable - credit facility (47,709) (112,261)
Floorplan notes payable - manufacturer affiliates 308,869 211,965
Current maturities of long-term debt and short-term financing 27,010 31,358
Accounts payable 201,699 167,439
Accrued expenses 133,777 128,118
Total current liabilities 1,584,517 1,395,578
LONG-TERM DEBT, net of current maturities 560,427 555,016
DEFERRED INCOME TAXES 136,664 94,130
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 29,184 43,089
OTHER LIABILITIES 46,200 42,413
COMMITMENTS AND CONTINGENCIES (NOTE 11)      
TEMPORARY EQUITY - Redeemable equity portion of the 3.00% Convertible Senior Notes 29,974 32,505
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; 25,888 and 25,836 issued, respectively 259 258
Additional paid-in capital 369,198 332,836
Retained earnings 758,498 677,864
Accumulated other comprehensive loss (46,345) (33,057)
Treasury stock, at cost; 1,514 and 3,110 shares, respectively (58,668) (117,617)
Total stockholders’ equity 1,022,942 860,284
Total liabilities and stockholders’ equity $ 3,409,908 $ 3,023,015
[1] Net of accumulated impairment of $40.3 million