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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 72,661 $ 64,847
Accounts receivable, net 150,374 156,977
Note receivable affiliate 11,874 10,611
Inventories, net 1,029,587 1,061,198
Prepaid expenses and other 11,569 $ 32,953
Assets held for sale 19,302
Total current assets 1,295,367 $ 1,326,586
Investments 6,650 6,650
Property and equipment, net 1,150,117 1,172,824
Goodwill, net 286,010 285,041
Other assets, net 58,648 60,907
Total assets 2,796,792 2,852,008
Current liabilities:    
Floor plan notes payable 825,987 854,758
Current maturities of long-term debt 150,392 151,024
Current maturities of capital lease obligations 14,994 $ 14,691
Liabilities directly associated with assets held for sale 1,229
Trade accounts payable 103,735 $ 120,255
Customer deposits 24,712 22,438
Accrued expenses 79,504 83,871
Total current liabilities 1,200,553 1,247,037
Long-term debt, net of current maturities 485,825 496,731
Capital lease obligations, net of current maturities 71,498 69,074
Other long-term liabilities 5,321 5,282
Deferred income taxes, net 181,397 188,987
Shareholders’ equity:    
Common stock, par value $.01 per share; 60,000,000 class A shares and 20,000,000 class B shares authorized; 30,513,909 class A shares and 10,279,281 class B shares outstanding in 2016; and 30,303,818 class A shares and 10,093,305 class B shares outstanding in 2015 434 430
Additional paid-in capital 293,196 288,294
Treasury stock, at cost: 2,616,657 class B shares (43,368) (43,368)
Retained earnings 602,241 599,846
Accumulated other comprehensive loss, net of tax (305) (305)
Total shareholders’ equity 852,198 844,897
Total liabilities and shareholders’ equity $ 2,796,792 $ 2,852,008