CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 27,662	$ 48,557
Investments	41,476	33,860
Receivables	8,833	15,743
Inventories	5,166	7,537
Other current assets	4,610	9,236
Total current assets	87,747	114,933
Property and equipment	296,694	274,716
Operating lease assets	66,372	0
Goodwill and other intangible assets	67,820	68,166
Investment partnerships	622,066	557,480
Other assets	13,970	14,198
Total assets	1,154,669	1,029,493
Current liabilities:
Accounts payable and accrued expenses	130,442	117,265
Current portion of operating lease liabilities	11,918	0
Current portion of notes payable and other borrowings	6,924	5,720
Total current liabilities	149,284	122,985
Long-term notes payable and other borrowings	265,809	240,001
Operating lease liabilities	60,354	0
Deferred taxes	74,952	86,871
Other liabilities	1,908	9,181
Total liabilities	552,307	459,038
Shareholders' equity
Common stock	1,138	1,138
Additional paid-in capital	381,904	381,904
Retained earnings	597,451	564,160
Accumulated other comprehensive loss	(2,624)	(2,516)
Treasury stock, at cost	(375,507)	(374,231)
Biglari Holdings Inc. shareholders' equity	602,362	570,455
Total liabilities and shareholders' equity	$ 1,154,669	$ 1,029,493