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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 209,526 $ 148,146
Accounts receivable, net 186,757 140,186
Inventories, net 1,111,067 1,020,136
Prepaid expenses and other 16,225 15,986
Total current assets 1,523,575 1,324,454
Property and equipment, net 1,265,601 1,278,207
Operating lease right-of-use assets, net 65,674 69,008
Goodwill, net 370,331 370,331
Other assets, net 96,367 77,977
Total assets 3,321,548 3,119,977
Current liabilities:    
Floor plan notes payable 702,209 630,731
Current maturities of finance lease obligations 26,913 26,695
Current maturities of operating lease obligations 11,988 12,096
Trade accounts payable 171,119 122,291
Customer deposits 71,846 80,561
Accrued expenses 144,627 131,130
Total current liabilities 1,128,702 1,003,504
Long-term debt, net of current maturities 338,426 334,926
Finance lease obligations, net of current maturities 85,522 89,835
Operating lease obligations, net of current maturities 54,780 57,976
Other long-term liabilities 27,587 26,514
Deferred income taxes, net 141,492 140,473
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2022 and 2021 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 43,093,711 Class A shares and 12,597,341 Class B shares outstanding in 2022; and 43,107,867 Class A shares and 12,398,606 Class B shares outstanding in 2021 568 563
Additional paid-in capital 482,146 470,750
Treasury stock, at cost: 531,969 Class A shares and 596,298 Class B shares in 2022; and 339,786 Class A shares and 492,052 Class B shares in 2021 (52,248) (36,933)
Retained earnings 1,113,341 1,031,582
Accumulated other comprehensive income 1,232 787
Total shareholders’ equity 1,545,039 1,466,749
Total liabilities and shareholders’ equity $ 3,321,548 $ 3,119,977