CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 75,405	$ 56,523
Investments	22,702	23,750
Receivables	8,363	17,716
Inventories	6,691	7,593
Deferred taxes	13,746	13,263
Other current assets	8,646	7,255
Total current assets	135,553	126,100
Property and equipment	319,492	332,324
Goodwill	40,041	40,022
Other intangible assets	21,363	21,673
Investment partnerships	462,894	471,689
Other assets	14,505	8,534
Total assets	993,848	1,000,342
Current liabilities:
Accounts payable	32,137	34,649
Accrued expenses	76,858	74,429
Current portion of notes payable and other borrowings	7,160	7,789
Total current liabilities	116,155	116,867
Long-term notes payable and other borrowings	284,277	296,062
Deferred taxes	122,158	125,130
Other liabilities	10,379	10,911
Total liabilities	532,969	548,970
Shareholders' equity
Common stock - 2,066,965 and 2,066,691 shares outstanding	1,071	1,071
Additional paid-in capital	391,845	391,853
Retained earnings	444,533	415,982
Accumulated other comprehensive loss	(2,918)	(3,679)
Treasury stock, at cost	(373,652)	(353,855)
Biglari Holdings Inc. shareholders' equity	460,879	451,372
Total liabilities and shareholders' equity	$ 993,848	$ 1,000,342

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.