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Consolidated Balance Sheets June 30, 2012 (Unaudited) and December 31, 2011 (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 169,005 $ 207,775
Accounts receivable, net 95,875 98,160
Inventories, net 829,002 649,626
Prepaid expenses and other 4,831 12,158
Deferred income taxes, net 12,180 12,286
Total current assets 1,110,893 980,005
Investments 6,628 6,628
Property and equipment, net 537,870 499,667
Goodwill, net 180,918 182,612
Other assets, net 49,132 48,789
Total assets 1,885,441 1,717,701
Liabilities and shareholders’ equity    
Floor plan notes payable 634,649 520,693
Current maturities of long-term debt 71,753 63,465
Current maturities of capital lease obligations 10,315 10,056
Trade accounts payable 75,613 62,299
Accrued expenses 97,649 134,278
Total current liabilities 889,979 790,791
Long-term debt, net of current maturities 285,486 264,822
Capital lease obligations, net of current maturities 34,253 35,498
Other long-term liabilities 2,239 2,233
Deferred income taxes, net 98,791 93,123
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2012 and 2011 0 0
Common stock, par value $.01 per share; 60,000,000 class A shares and 20,000,000 class B shares authorized; 27,887,575 class A shares and 10,792,223 class B shares outstanding in 2012; and 27,406,424 class A shares and 10,776,697 class B shares outstanding in 2011 403 398
Additional paid-in capital 218,690 208,569
Treasury stock, at cost: 1,639,843 class B shares (17,948) (17,948)
Retained earnings 375,492 342,164
Accumulated other comprehensive loss, net of tax (1,944) (1,949)
Total shareholders’ equity 574,693 531,234
Total liabilities and shareholders’ equity $ 1,885,441 $ 1,717,701