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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 203,237 $ 178,530 $ 123,626
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 24,695 24,101 24,601
Equity-based compensation 1,597    
Loss on debt restructure 5,052   1,831
(Gain) loss on sale of assets (564) (237) 33
Provision for losses on accounts receivable 1,332 2,180 1,192
Accretion of original issue discount 1,127 1,010 848
Non-cash interest 4,543 5,897 1,345
Deferred tax expense (benefit) 3,765 (181) 1,175
Change in assets and liabilities, net of acquisitions:      
Cash - restricted   25  
Receivables and contracts in transit (10,932) (8,840) (7,716)
Inventories (31,987) (111,586) (115,304)
Prepaid expenses and other assets (4,625) (6,969) (7,358)
Checks in excess of bank balance (7,478) 6,192 (954)
Accounts payable and other accrued expenses 20,329 17,686 10,715
Accrued rent for cease-use locations 945 420 (117)
Deferred revenue and gains 4,988 3,847 9,410
Other, net 7,686 68 737
Net cash provided by operating activities 223,710 112,143 44,064
Investing activities      
Purchases of property and equipment (39,782) (41,437) (34,984)
Purchase of real property (17,077) (30,272) (6,395)
Proceeds from the sale of real property 15,892 19,425 1,197
Purchases of businesses, net of cash acquired (78,606) (125,189) (10,615)
Proceeds from sale of property and equipment 3,870 1,273 606
Purchase of intangible assets     (34)
Net cash used in investing activities (115,703) (176,200) (50,225)
Financing activities      
Proceeds from long-term debt 188,137 148,938 116,415
Payments on long-term debt (288,520) (36,647) (13,870)
Net borrowings on notes payable - floor plan, net 26,765 167,387 47,926
Borrowings on revolver 12,000    
Payments on revolver (12,000)    
Payments of principal on capital lease obligations (1,465) (737) (688)
Payments of principal on right to use liability (200) (1,351) (1,395)
Payments on credit facilities     (5,000)
Payment of debt issuance costs (7,084) (3,324) (2,921)
Proceeds from issuance of Class A common stock sold in an initial pubic offering net of underwriter discounts and commissions 234,185    
Proceeds from issuance of Class B common stock 7    
Dividends on Class A common stock (1,515)    
Members' distributions (236,146) (228,894) (60,101)
Net cash (used in) provided by financing activities (85,836) 45,372 80,366
Increase (decrease) in cash 22,171 (18,685) 74,205
Cash at beginning of year 92,025 110,710 36,505
Cash at end of year $ 114,196 $ 92,025 $ 110,710