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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 259,693 $ 312,048
Accounts receivable, net 149,281 172,481
Inventories, net 754,006 858,291
Prepaid expenses and other 15,013 14,906
Total current assets 1,177,993 1,357,726
Property and equipment, net 1,166,191 1,203,719
Operating lease right-of-use assets, net 64,445 60,577
Goodwill, net 292,142 292,142
Other assets, net 76,558 71,229
Total assets 2,777,329 2,985,393
Current liabilities:    
Floor plan notes payable 354,346 511,786
Current maturities of long-term debt 64,854 141,672
Current maturities of finance lease obligations 26,787 26,373
Current maturities of operating lease obligations 10,680 10,196
Trade accounts payable 128,137 110,728
Customer deposits 43,823 74,209
Accrued expenses 144,098 151,830
Total current liabilities 772,725 1,026,794
Long-term debt, net of current maturities 309,014 387,982
Finance lease obligations, net of current maturities 88,870 90,740
Operating lease obligations, net of current maturities 54,732 51,155
Other long-term liabilities 35,795 34,246
Deferred income taxes, net 103,410 126,439
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2021 and 2020 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 43,018,498 Class A shares and 12,474,589 Class B shares outstanding in 2021; and 42,503,925 Class A shares and 12,470,308 Class B shares outstanding in 2020 561 551
Additional paid-in capital 462,406 437,646
Treasury stock, at cost: 183,765 Class A shares and 416,069 Class B shares in 2021; and 10,335 Class A shares and 73,437 Class B shares in 2020 (24,814) (2,879)
Retained earnings 973,665 831,850
Accumulated other comprehensive income 965 869
Total shareholders’ equity 1,412,783 1,268,037
Total liabilities and shareholders’ equity $ 2,777,329 $ 2,985,393