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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 111,346,000 $ 131,726,000
Accounts receivable, net 226,178,000 190,650,000
Note receivable affiliate 16,365,000 12,885,000
Inventories, net 1,512,445,000 1,339,923,000
Prepaid expenses and other 15,788,000 10,491,000
Assets held for sale 419,000 2,269,000
Total current assets 1,882,541,000 1,687,944,000
Property and equipment, net 1,237,189,000 1,184,053,000
Operating lease right-of-use assets, net 51,590,000 0
Goodwill, net 292,142,000 291,391,000
Other assets, net 67,233,000 37,962,000
Total assets 3,530,695,000 3,201,350,000
Current liabilities:    
Floor plan notes payable 1,190,136,000 1,023,019,000
Line of credit 60,000,000 0
Current maturities of long-term debt 149,743,000 161,955,000
Current maturities of finance lease obligations 20,326,000 19,631,000
Current maturities of operating lease obligations 9,524,000 0
Trade accounts payable 144,743,000 127,451,000
Customer deposits 28,886,000 36,183,000
Accrued expenses 94,893,000 125,056,000
Total current liabilities 1,698,251,000 1,493,295,000
Long-term debt, net of current maturities 457,531,000 439,218,000
Finance lease obligations, net of current maturities 53,357,000 49,483,000
Operating lease obligations, net of current maturities 42,271,000 0
Other long-term liabilities 19,552,000 11,118,000
Deferred income taxes, net 146,209,000 141,308,000
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2019 and 2018 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 28,022,583 Class A shares and 8,396,099 Class B shares outstanding in 2019; and 28,709,636 Class A shares and 8,290,277 Class B shares outstanding in 2018 462,000 458,000
Additional paid-in capital 384,940,000 370,025,000
Treasury stock, at cost: 4,682,727 Class A shares and 5,150,728 Class B shares in 2019 and 3,791,751 Class A shares and 5,030,787 Class B shares in 2018 (283,952,000) (245,842,000)
Retained earnings 1,012,195,000 942,287,000
Accumulated other comprehensive income (121,000) 0
Total shareholders’ equity 1,113,524,000 1,066,928,000
Total liabilities and shareholders’ equity $ 3,530,695,000 $ 3,201,350,000