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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Total assets $ 4,644,585 $ 4,461,903
Total current assets 2,293,872 2,150,587
Cash and cash equivalents 26,573 20,992
Contracts-in-transit and vehicle receivables, net 217,378 269,508
Accounts and notes receivable, net 158,542 173,364
Inventories, net 1,803,909 1,651,815
Prepaid expenses and other current assets 87,470 34,908
PROPERTY AND EQUIPMENT, net 1,167,345 1,125,883
GOODWILL 878,776 [1] 876,763
INTANGIBLE FRANCHISE RIGHTS 285,689 284,876
OTHER ASSETS 18,903 23,794
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Total liabilities and stockholders’ equity 4,644,585 4,461,903
Total current liabilities 2,126,854 2,053,117
Floorplan notes payable - credit facility and other 1,214,084 1,136,654
Offset account related to floorplan notes payable - credit facility (55,579) (59,626)
Floorplan notes payable - manufacturer affiliates 430,619 392,661
Offset account related to floorplan notes payable - manufacturer affiliates (21,000) (25,500)
Current maturities of long-term debt and short-term financing 53,184 72,419
Derivative Liability, Current 1,626 3,941
Accounts payable 330,747 356,099
Accrued expenses 173,173 176,469
LONG-TERM DEBT, net of current maturities 1,263,845 1,212,809
Deferred Tax Liabilities, Net, Noncurrent 174,220 161,502
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 18,065 20,470
OTHER LIABILITIES 89,953 83,805
STOCKHOLDERS’ EQUITY:    
Total stockholders’ equity 971,648 930,200
Common stock, $0.01 par value, 50,000 shares authorized; 25,565 and 25,663 issued, respectively 256 257
Additional paid-in capital 287,410 290,899
Retained earnings 1,116,195 1,053,301
Accumulated other comprehensive loss (136,268) (146,944)
Treasury stock, at cost; 4,702 and 4,258 shares, respectively $ (295,945) $ (267,313)
[1] 1) Net of accumulated impairment of $97.8 million.