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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Total assets $ 4,489,363 $ 4,461,903
Total current assets 2,153,077 2,150,587
Cash and cash equivalents 33,770 20,992
Contracts-in-transit and vehicle receivables, net 213,772 269,508
Accounts and notes receivable, net 152,794 173,364
Inventories, net 1,729,525 1,651,815
Prepaid expenses and other current assets 23,216 34,908
PROPERTY AND EQUIPMENT, net 1,152,395 1,125,883
GOODWILL 877,040 [1] 876,763
INTANGIBLE FRANCHISE RIGHTS 285,311 284,876
OTHER ASSETS 21,540 23,794
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Total liabilities and stockholders’ equity 4,489,363 4,461,903
Total current liabilities 2,021,275 2,053,117
Floorplan notes payable - credit facility and other 1,170,383 1,136,654
Offset account related to floorplan notes payable - credit facility (97,149) (59,626)
Floorplan notes payable - manufacturer affiliates 392,388 392,661
Offset account related to floorplan notes payable - manufacturer affiliates (26,750) (25,500)
Current maturities of long-term debt and short-term financing 46,340 72,419
Derivative Liability, Current 2,597 3,941
Accounts payable 347,746 356,099
Accrued expenses 185,720 176,469
LONG-TERM DEBT, net of current maturities 1,224,718 1,212,809
Deferred Tax Liabilities, Net, Noncurrent 168,772 161,502
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 17,762 20,470
OTHER LIABILITIES 87,876 83,805
STOCKHOLDERS’ EQUITY:    
Total stockholders’ equity 968,960 930,200
Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 50,000 shares authorized; 25,577 and 25,663 issued, respectively 256 257
Additional paid-in capital 285,455 290,899
Retained earnings 1,082,101 1,053,301
Accumulated other comprehensive loss (140,149) (146,944)
Treasury stock, at cost; 4,105 and 4,258 shares, respectively $ (258,703) $ (267,313)
[1] 1) Net of accumulated impairment of $97.8 million.