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Note 5 - Stockholders' Equity
 6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

Note 5. Stockholders’ Equity


Reclassification From Accumulated Other Comprehensive Loss


The reclassification from accumulated other comprehensive loss was as follows (in thousands):


   

Three Months Ended June 30,

  

Affected Line Item in the

Consolidated Statements

of Operations
   

2015

    

2014

    

Loss on cash flow hedges

   $ (108 )   $ (118 )

Floor plan interest expense

Taxes

     42       45  

Income tax provision

Loss on cash flow hedges, net

   $ (66 )   $ (73 )  

   

Six Months Ended June 30,

  

Affected Line Item in the

Consolidated Statements

of Operations
   

2015

    

2014

    

Loss on cash flow hedges

   $ (233 )   $ (252 )

Floor plan interest expense

Taxes

     90       96  

Income tax provision

Loss on cash flow hedges, net

   $ (143 )   $ (156 )  

See Note 8 for more details regarding our derivative contracts.


Repurchases of Class A Common Stock


In August 2011, our Board of Directors authorized the repurchase of up to 2,000,000 shares of our Class A common stock and, on July 20, 2012, our Board of Directors authorized the repurchase of 1,000,000 additional shares of our Class A common stock. Through June 30, 2015, we have repurchased 1,598,723 shares under this program at an average price of $35.56 per share. Of this amount, 98,947 shares were repurchased during the first six months of 2015 at an average price of $100.29 per share for a total of $9.9 million. As of June 30, 2015, 1,401,277 shares remained available for repurchase pursuant to this program. The authority to repurchase does not have an expiration date.


In addition, during the first six months of 2015, we repurchased 77,438 shares at an average price of $88.45 per share, for a total of $6.9 million, related to tax withholdings associated with the vesting of restricted stock units (“RSUs”). The repurchase of shares related to tax withholdings associated with stock awards does not reduce the number of shares available for repurchase as approved by our Board of Directors.


Dividends


Dividends paid on our Class A and Class B common stock were as follows:


   

Three Months Ended

June 30,

    

Six Months Ended

June 30,

  
   

2015

    

2014

    

2015

    

2014

  

Dividend amount per share

  $ 0.20     $ 0.16     $ 0.36     $ 0.29  

Total amount of dividend (in thousands)

     5,266       4,179       9,482       7,557  

See Note 14 for a discussion of a dividend related to our second quarter 2015 financial results.