XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 23,686 $ 42,839
Accounts receivable, net of allowance for doubtful accounts of $173 and $336 170,519 133,149
Inventories, net 859,019 723,326
Deferred income taxes 1,548 3,832
Other current assets 15,251 17,484
Assets held for sale 11,526 12,579
Total Current Assets 1,081,549 933,209
Property and equipment, net of accumulated depreciation of $106,871 and $97,883 481,212 425,086
Goodwill 49,511 32,047
Franchise value 71,199 62,429
Deferred income taxes 10,256 17,123
Other non-current assets 31,394 22,808
Total Assets 1,725,121 1,492,702
Liabilities and Stockholders' Equity    
Floor plan notes payable 18,789 [1] 13,454 [1]
Floor plan notes payable: non-trade 695,066 [1],[2] 568,130 [1],[2]
Current maturities of long-term debt 7,083 8,182
Trade payables 51,159 41,589
Accrued liabilities 94,143 81,602
Liabilities related to assets held for sale 6,271 8,347
Total Current Liabilities 872,511 721,304
Long-term debt, less current maturities 245,471 286,876
Deferred revenue 44,005 33,589
Other long-term liabilities 28,412 22,832
Total Liabilities 1,190,399 1,064,601
Additional paid-in capital 22,598 12,399
Accumulated other comprehensive loss (1,538) (2,615)
Retained earnings 245,088 149,173
Total Stockholders' Equity 534,722 428,101
Total Liabilities and Stockholders' Equity 1,725,121 1,492,702
Common Class A [Member]
    
Liabilities and Stockholders' Equity    
Common stock, value issued 268,255 268,801
Common Class B [Member]
    
Liabilities and Stockholders' Equity    
Common stock, value issued $ 319 $ 343
[1] At December 31, 2013, an additional $4.8 million of floor plan notes payable outstanding on our new vehicle floor plan commitment and $1.5 million of floor plan notes payable on vehicles designated as service loaners are recorded as liabilities related to assets held for sale.
[2] As of December 31, 2013 and 2012, we had a new vehicle floor plan commitment of $700 million and $575 million, respectively, as part of our credit facility.