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Note 5 - Stockholders' Equity
 9 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
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

September 30,
 
  
Affected
L
ine Item in the
Consolidated Statements
 
 
2015
 
 
2014
 
  
of Operations
Loss on cash flow hedges
   $ (104 )   $ (119 )  
Floor plan interest expense
Taxes
     40       46    
Income tax provision
Loss on cash flow hedges, net
   $ (64 )   $ (73 )    
 
 
 
Nine
Months Ended

September 30,
 
  
Affected
L
ine Item in the
Consolidated Statements
 
 
2015
 
 
2014
 
  
of Operations
Loss on cash flow hedges
   $ (336 )   $ (370 )  
Floor plan interest expense
Taxes
     131       141    
Income tax provision
Loss on cash flow hedges, net
   $ (205 )   $ (229 )    
 
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 September 30, 2015, we have repurchased 1,664,613 shares under this program at an average price of $38.51 per share. Of this amount, 164,837 shares were repurchased during the first nine months of 2015 at an average price of $105.15 per share for a total of $17.3 million. As of September 30, 2015, 1,335,387 shares remained available for repurchase pursuant to this program. The authority to repurchase does not have an expiration date.
 
In addition, during the first nine months of 2015, we repurchased 77,596 shares at an average price of $88.48 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
September
30,
 
 
Nine
Months Ended
September
30,
 
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
Dividend amount per share
  $ 0.20     $ 0.16     $ 0.56     $ 0.45  
Total amount of dividend (in thousands)
     5,257       4,174       14,739       11,731  
 
See Note 16 for a discussion of a dividend related to our third quarter 2015 financial results.