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Note 8 - Stockholders' Equity | 12 Months Ended
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Dec. 31, 2016
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 Repurchases of our Class A Common Stock occurred under repurchase authorizations granted by our Board of Directors and related to shares withheld as part of the vesting of restricted stock units ("RSUs"). In August 2011, our Board of Directors authorized the repurchase of up to 2 million shares of our Class A common stock and, on July 20, 2012, our Board of Directors authorized the repurchase of 1 million additional shares of our Class A common stock. Effective February 29, 2016, our Board of Directors authorized the repurchase of up to $250 million of our Class A common stock. This authorization replaced the existing authorizations, increasing the total and establishing a maximum dollar rather than share amount. Share repurchases under our authorizations were as follows:
|  | Repurchases Occurring in 2016 |  |  | Cumulative Repurchases as of December 31, 2016 |
|  | Shares |  |  | Average Price |  |  | Shares |  |  | Average Price |
2011 Share Repurchase Authorization |  |  | 599,123 |  |  | $ | 79.21 |  |  |  | 2,327,636 |  |  | $ | 51.09 |
2016 Share Repurchase Authorization |  |  | 713,725 |  |  | $ | 79.74 |  |  |  | 713,725 |  |  | $ | 79.74 |
As of December 31, 2016, we had $193.1 million available for repurchases pursuant to our 2016 share repurchase authorization. In addition, during 2016, we repurchased 94,826 shares at an average price of $90.46 per share, for a total of $8.6 million, related to tax withholdings associated with the vesting of 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. The following is a summary of our repurchases in the years ended December 31, 2016, 2015 and 2014:
Year Ended December 31, |  | 2016 |  |  | 2015 |  |  | 2014 |
Shares repurchased pursuant to repurchase authorizations |  |  | 1,312,848 |  |  |  | 228,737 |  |  |  | 226,729 |
Total purchase price (in thousands) |  | $ | 104,370 |  |  | $ | 24,676 |  |  | $ | 15,990 |
Average purchase price per share |  | $ | 79.50 |  |  | $ | 107.88 |  |  | $ | 70.52 |
Shares repurchased in association with tax withholdings on the vesting of RSUs |  |  | 94,826 |  |  |  | 77,649 |  |  |  | 106,772 |
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) |
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 |
2016 |  |  |  |  |  |  |  |
First quarter |  | $ | 0.20 |  |  | $ | 5,151 |
Second quarter |  |  | 0.25 |  |  |  | 6,373 |
Third quarter |  |  | 0.25 |  |  |  | 6,299 |
Fourth quarter |  |  | 0.25 |  |  |  | 6,308 |
Reclassification From Accumulated Other Comprehensive Loss The reclassification from accumulated other comprehensive loss was as follows (in thousands):
Year Ended December 31, |  | 2016 |  |  | 2015 |  |  | 2014 |  | Affected Line Item in the Consolidated Statement of Operations
Loss on cash flow hedges |  | $ | (219 | ) |  | $ | (449 | ) |  | $ | (488 | ) | Floor plan interest expense
Income tax benefits |  |  | 85 |  |  |  | 174 |  |  |  | 187 |  | Income tax provision
Loss on cash flow hedges, net |  | $ | (134 | ) |  | $ | (275 | ) |  | $ | (301 | ) |
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 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: 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(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: 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 8: 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(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: 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 10: 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)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: 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 12: 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 13: 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 14: 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 15: 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 16: 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 + Details
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