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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 148,316 $ 124,541
Accounts receivable, net 201,197 183,875
Note receivable affiliate 17,368 11,914
Inventories, net 1,126,613 1,033,294
Prepaid expenses and other 12,494 11,969
Assets held for sale 6,622 9,505
Total current assets 1,512,610 1,375,098
Investments 6,025 6,375
Property and equipment, net 1,166,814 1,159,595
Goodwill, net 291,391 291,391
Other assets, net 39,623 57,680
Total assets 3,016,463 2,890,139
Current liabilities:    
Floor plan notes payable 867,992 778,561
Current maturities of long-term debt 155,743 145,139
Current maturities of capital lease obligations 17,137 17,119
Trade accounts payable 150,904 107,906
Customer deposits 32,036 27,350
Accrued expenses 88,677 96,132
Total current liabilities 1,312,489 1,172,207
Long-term debt, net of current maturities 434,743 466,389
Capital lease obligations, net of current maturities 57,548 66,022
Other long-term liabilities 11,544 9,837
Deferred income taxes, net 140,061 135,311
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2018 and 2017 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 30,647,051 Class A shares and 8,430,123 Class B shares outstanding in 2018; and 31,345,116 Class A shares and 8,469,427 Class B shares outstanding in 2017 457 454
Additional paid-in capital 363,440 348,044
Treasury stock, at cost: 1,768,354 class A shares and 4,890,941 class B shares in 2018 and 934,171 class A shares and 4,625,181 class B shares in 2017 (166,804) (120,682)
Retained earnings 862,985 812,557
Total shareholders’ equity 1,060,078 1,040,373
Total liabilities and shareholders’ equity $ 3,016,463 $ 2,890,139