CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 68,560	$ 75,808
Investments	20,702	22,297
Receivables	8,670	14,195
Inventories	7,096	6,773
Other current assets	7,474	8,716
Total current assets	112,502	127,789
Property and equipment	309,577	312,264
Goodwill and other intangible assets	66,040	66,054
Investment partnerships	546,170	577,637
Other assets	13,653	13,223
Total assets	1,047,942	1,096,967
Current liabilities:
Accounts payable and accrued expenses	107,791	112,882
Current portion of notes payable and other borrowings	7,067	7,129
Total current liabilities	114,858	120,011
Long-term notes payable and other borrowings	264,511	281,555
Deferred taxes	142,143	152,315
Other liabilities	11,456	11,146
Total liabilities	532,968	565,027
Shareholders' equity
Common stock - 2,067,613 and 2,067,193 shares outstanding	1,071	1,071
Additional paid-in capital	382,014	381,906
Retained earnings	499,612	515,433
Accumulated other comprehensive loss	(3,275)	(3,584)
Treasury stock, at cost	(364,448)	(362,886)
Biglari Holdings Inc. shareholders' equity	514,974	531,940
Total liabilities and shareholders' equity	$ 1,047,942	$ 1,096,967

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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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.