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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 39,923 $ 78,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 89,897 84,982
Loss (gain) on sale of property and equipment (1,481) 82
Stock-based compensation expense related to stock options and employee stock purchases 12,139 13,094
Deferred income tax expense (10,437) 4,901
Change in accounts and notes receivable, net 21,027 (39,008)
Change in inventories, net 358,945 (136,611)
Change in prepaid expenses and other, net 5,246 (5,297)
Change in trade accounts payable (36,147) 15,717
Payments on floor plan notes payable – trade, net (32,609) (9,801)
Change in customer deposits (25,086) (7,297)
Change in accrued expenses (1,207) (30,571)
Other, net (2,000) (859)
Net cash provided by (used in) operating activities 418,210 (31,943)
Cash flows from investing activities:    
Acquisition of property and equipment (82,236) (153,073)
Proceeds from the sale of property and equipment 5,342 1,950
Business acquisitions 0 (10,168)
Purchase of equity method investment and call option 0 (22,499)
Change in other assets 2,515 2,109
Net cash (used in) investing activities (74,379) (181,681)
Cash flows from financing activities:    
(Payments) draws on floor plan notes payable – non-trade, net (238,781) 176,918
Proceeds from long-term debt 119,348 106,083
Draws on line of credit 0 135,000
Principal payments on long-term debt (160,704) (99,982)
Principal payments on finance lease obligations (5,768) (4,358)
Payments on line of credit 0 (75,000)
Debt issuance costs 0 (731)
Proceeds from issuance of shares relating to employee stock options and employee stock purchases 5,412 1,825
Payments of cash dividends (9,500) (8,817)
Common stock repurchased (19,902) (37,694)
Net cash (used in) provided by financing activities (309,895) 193,244
Net (decrease) increase in cash and cash equivalents 33,936 (20,380)
Cash and cash equivalents, beginning of period 181,620 131,726
Cash and cash equivalents, end of period 215,556 111,346
Supplemental disclosure of cash flow information:    
Interest 22,559 28,573
Income taxes, net of refunds 165 33,771
Noncash activities:    
Assets acquired under finance leases 26,492 15,327
Common stock repurchased 0 416
Guaranty agreement $ 0 $ 5,025