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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 544,400 $ 157,100
Trade receivables, net 195,200 190,400
Inventories, net 1,026,400 1,121,100
Prepaid expenses and other 103,500 125,900
Income taxes receivable 14,200 32,500
Total current assets 1,883,700 1,627,000
Property and equipment, net 873,700 899,800
Investment in finance affiliate 72,000 110,600
Deferred tax assets 184,700 93,300
Goodwill and other intangible assets, net 1,092,000 1,490,200
Operating lease assets 105,400 110,200
Other long-term assets 101,200 99,400
Total assets 4,312,700 4,430,500
Current liabilities:    
Current portion of debt, finance lease obligations and notes payable 536,500 166,700
Accounts payable 545,600 450,200
Accrued expenses:    
Compensation 127,100 184,500
Warranties 134,200 136,200
Sales promotions and incentives 132,600 189,900
Dealer holdback 138,600 145,800
Other 249,800 213,900
Current operating lease liabilities 35,300 34,900
Income taxes payable 7,900 5,900
Total current liabilities 1,907,600 1,528,000
Long-term income taxes payable 20,000 28,100
Finance lease obligations 14,200 14,800
Long-term debt 1,377,300 1,512,000
Deferred tax liabilities 3,300 4,000
Long-term operating lease liabilities 72,400 77,900
Other long-term liabilities 150,500 143,900
Total liabilities 3,545,300 3,308,700
Deferred compensation 14,200 13,600
Shareholders’ equity:    
Preferred stock $0.01 par value per share, 20.0 shares authorized, no shares issued and outstanding 0 0
Common stock $0.01 par value per share, 160.0 shares authorized, 61.3 and 61.4 shares issued and outstanding, respectively 600 600
Additional paid-in capital 921,300 892,800
Retained earnings (accumulated deficit) (69,300) 287,300
Accumulated other comprehensive loss, net (99,600) (72,700)
Total shareholders’ equity 753,000 1,108,000
Noncontrolling interest 200 200
Total equity 753,200 1,108,200
Total liabilities and equity $ 4,312,700 $ 4,430,500