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Note 8 - Stockholders' Equity | 12 Months Ended
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Dec. 31, 2015
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] |
(8) | Stockholders’ Equity
Class A and Class B Common Stock The shares of Class A common stock are not convertible into any other series or class of our securities. Each share of Class B common stock, however, is freely convertible into one share of Class A common stock at the option of the holder of the Class B common stock. All shares of Class B common stock shall automatically convert to shares of Class A common stock (on a share-for-share basis, subject to adjustment) on the earliest record date for an annual meeting of our stockholders on which the number of shares of Class B common stock outstanding is less than 1% of the total number of shares of common stock outstanding. Shares of Class B common stock may not be transferred to third parties, except for transfers to certain family members and in other limited circumstances. Holders of Class A common stock are entitled to one vote for each share held of record and holders of Class B common stock are entitled to ten votes for each share held of record. The Class A common stock and Class B common stock vote together as a single class on all matters submitted to shareholders. 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 December 31, 2015, we had purchased approximately 1.7 million shares under this program at an average price of $41.34 per share. As of December 31, 2015, 1.3 million shares remained available for purchase pursuant to this program. These plans do not have an expiration date and we may continue to repurchase shares from time to time as conditions warrant. The following is a summary of our repurchases in the years ended December 31, 2015, 2014 and 2013:
Year Ended December 31, |  | 2015 |  |  | 2014 |  |  | 2013 |
Shares repurchased pursuant to repurchase plan |  |  | 228,737 |  |  |  | 226,729 |  |  |  | 127,900 |
Total purchase price (in thousands) |  | $ | 24,676 |  |  | $ | 15,990 |  |  | $ | 5,213 |
Average purchase price per share |  | $ | 107.88 |  |  | $ | 70.52 |  |  | $ | 40.76 |
Shares repurchased in association with tax withholdings on the exercise of stock options |  |  | 77,649 |  |  |  | 106,772 |  |  |  | 59,721 |
Dividends We declared and paid dividends on our Class A and Class B Common Stock as follows:
Quarter declared |  | Dividend amount per Class A and Class B share |  |  | Total amount of dividend (in thousands) |
2013 |  |  |  |  |  |  |  |
First quarter (1) |  | $ | — |  |  | $ | — |
Second quarter |  |  | 0.13 |  |  |  | 3,356 |
Third quarter |  |  | 0.13 |  |  |  | 3,363 |
Fourth quarter |  |  | 0.13 |  |  |  | 3,366 |
2014 |  |  |  |  |  |  |  |
First quarter |  | $ | 0.13 |  |  | $ | 3,378 |
Second quarter |  |  | 0.16 |  |  |  | 4,179 |
Third quarter |  |  | 0.16 |  |  |  | 4,174 |
Fourth quarter |  |  | 0.16 |  |  |  | 4,198 |
2015 |  |  |  |  |  |  |  |
First quarter |  | $ | 0.16 |  |  | $ | 4,216 |
Second quarter |  |  | 0.20 |  |  |  | 5,266 |
Third quarter |  |  | 0.20 |  |  |  | 5,257 |
Fourth quarter |  |  | 0.20 |  |  |  | 5,246 |
(1) | We declared and paid a dividend payment in December 2012 in lieu of the dividend typically declared and paid in March of the following year.
Reclassification From Accumulated Other Comprehensive Loss The reclassification from accumulated other comprehensive loss was as follows (in thousands):
Year Ended December 31, |  | 2015 |  |  | 2014 |  |  | 2013 |  | Affected Line Item in the Consolidated Statement of Operations |
Loss on cash flow hedges |  | $ | (449 | ) |  | $ | (488 | ) |  | $ | (740 | ) | Floor plan interest expense |
Income tax benefits |  |  | 174 |  |  |  | 187 |  |  |  | 283 |  | Income tax provision |
Loss on cash flow hedges, net |  | $ | (275 | ) |  | $ | (301 | ) |  | $ | (457 | ) |  |
See Note 11 for more details regarding our derivative contracts.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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