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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (14,129) $ (26,807)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 14,078 13,594
Equity-based compensation 3,312 2,716
Loss on lease termination 584  
Long-lived asset impairment 6,569  
Loss (gain) on disposal of assets 511 (214)
Provision for losses on accounts receivable 483 186
Non-cash lease expense 14,208 13,495
Accretion of original debt issuance discount 263 267
Non-cash interest 1,014 1,162
Deferred income taxes 2,031 16,412
Tax Receivable Agreement liability adjustment   (8,477)
Change in assets and liabilities, net of acquisitions:    
Receivables and contracts in transit (472) (65,493)
Inventories (80,799) (54,496)
Prepaid expenses and other assets 5,678 4,976
Accounts payable and other accrued expenses 53,864 55,392
Accrued rent for cease-use locations   542
Deferred revenue (5,070) (5,805)
Operating lease liabilities (18,415) (13,941)
Other, net 1,101 (7,529)
Net cash provided by (used in) operating activities (15,189) (74,020)
Investing activities    
Purchases of property and equipment (8,668) (11,761)
Purchase of real property   (665)
Proceeds from the sale of real property   10,226
Purchases of businesses, net of cash acquired   (21,169)
Proceeds from sale of property and equipment 212 453
Net cash used in investing activities (8,456) (22,916)
Financing activities    
Payments on long-term debt (3,534) (3,232)
Net borrowings on notes payable - floor plan, net 3,438 38,972
Borrowings on revolving line of credit   3,871
Payments of principal on finance lease obligations   (14)
Dividends on Class A common stock (5,752) (5,699)
RSU shares withheld for tax (212)  
Members' distributions (8,410) (5,534)
Net cash (used in) provided by financing activities (14,470) 28,364
Decrease in cash and cash equivalents (38,115) (68,572)
Cash and cash equivalents at beginning of the period 147,521 138,557
Cash and cash equivalents at end of the period $ 109,406 $ 69,985