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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 226,292 $ 201,044
Accounts receivable, net 229,684 220,651
Inventories, net 1,498,948 1,429,429
Prepaid expenses and other 19,028 16,619
Total current assets 1,973,952 1,867,743
Property and equipment, net 1,404,566 1,368,594
Operating lease right-of-use assets, net 99,753 102,685
Goodwill, net 416,481 416,363
Other assets, net 74,800 65,681
Total assets 3,969,552 3,821,066
Current liabilities:    
Floor plan notes payable 1,015,971 933,203
Current maturities of finance lease obligations 31,894 29,209
Current maturities of operating lease obligations 14,948 15,003
Trade accounts payable 200,412 171,717
Customer deposits 100,397 116,240
Accrued expenses 149,455 163,302
Total current liabilities 1,513,077 1,428,674
Long-term debt, net of current maturities 262,467 275,433
Finance lease obligations, net of current maturities 100,240 93,483
Operating lease obligations, net of current maturities 86,188 89,029
Other long-term liabilities 22,920 19,455
Deferred income taxes, net $ 155,124 $ 151,970
Shareholders’ equity:    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 1,000,000 1,000,000
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2023 and 2022 $ 0 $ 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 42,149,927 Class A shares and 12,307,852 Class B shares outstanding in 2023; and 42,345,361 Class A shares and 12,083,085 Class B shares outstanding in 2022 577 572
Additional paid-in capital 512,998 500,642
Treasury stock, at cost: 2,041,809 Class A shares and 1,168,432 Class B shares in 2023; and 1,626,777 Class A shares and 1,112,446 Class B shares in 2022 (156,210) (130,930)
Retained earnings 1,457,203 1,378,337
Accumulated other comprehensive loss (3,898) (4,130)
Total Rush Enterprises, Inc. shareholders’ equity 1,810,670 1,744,491
Noncontrolling interest 18,866 18,531
Total shareholders’ equity 1,829,536 1,763,022
Total liabilities and shareholders’ equity $ 3,969,552 $ 3,821,066
Common Class A [Member]    
Shareholders’ equity:    
Treasury Stock, Common, Shares (in shares) 2,041,809 1,626,777