Summary of Significant Accounting Policies and Estimates (Tables)

12 Months Ended

Dec. 31, 2018

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the total of the same amounts shown in the Consolidated Statements of Cash Flows (in thousands):



	Years Ended December 31,
	2018		2017		2016
Cash and cash equivalents	$	15,932	$	28,787	$	20,992
Restricted cash, included in other assets	2,788		844		3,254
Total cash, cash equivalents and restricted cash	$	18,720	$	29,631	$	24,246

Adoption of ASC Topic 606 - Revenue from Contracts with Customers

The cumulative effect of the changes made to the Company’s Consolidated Balance Sheets as of January 1, 2018 for the adoption of Topic 606 were as follows (in thousands):



	January 1, 2018
	Balance at December 31, 2017		Adjustment due to Topic 606			Balance at January 1, 2018
Balance Sheet
Assets
Accounts and notes receivable, net	$	188,611	$	11,623		$	200,234
Inventories, net	1,763,293		(3,660		)	1,759,633
Prepaid expense and other current assets	42,062		8,683			50,745

Liabilities
Accounts payable	$	412,981	$	1,756		$	414,737
Deferred income taxes	124,404		3,493			127,897

Stockholders' equity
Retained earnings	$	1,246,323	$	11,397		$	1,257,720

The impact of applying Topic 606 for the twelve months ended December 31, 2018, was as follows (in thousands):



	Year Ended December 31, 2018
	As Reported		Balances Without Adoption of Topic 606		Effect of Change Higher (Lower)
Income Statement
Revenues
Parts and service sales	$	1,416,889	$	1,417,584	$	(695	)
Finance, insurance and other, net	467,453		461,711		5,742

Cost of sales
Parts and service sales	$	657,741	$	657,886	$	(145	)
Selling, general and administrative expenses	1,273,057		1,273,131		(74		)
Provision for income taxes	47,631		46,383		1,248
Net income (loss)	$	157,772	$	153,754	$	4,018

The impact of applying Topic 606 at December 31, 2018, was as follows (in thousands):



	December 31, 2018
	As Reported		Balances Without Adoption of Topic 606		Effect of Change Higher (Lower)
Balance Sheet
Assets
Accounts and notes receivable, net	$	193,981	$	183,316	$	10,665
Inventories, net	1,844,059		1,847,493		(3,434		)
Prepaid expense and other current assets	82,734		68,308		14,426

Liabilities
Accounts payable	$	419,350	$	417,723	$	1,627
Deferred income taxes	134,683		129,964		4,719

Stockholders' equity
Retained earnings and accumulated other comprehensive income (loss)	$	1,257,045	$	1,241,734	$	15,311