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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 90,790 $ 92,453
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation and amortization 53,896 45,809
Gain on sale of property and equipment, net (129) (179)
Gain on joint venture transaction   (12,500)
Stock-based compensation expense related to employee stockoptions and employee stock purchases 13,080 13,793
Provision for deferred income tax expense 3,165 1,019
Change in accounts receivable, net (8,972) (58,810)
Change in inventories (52,845) (98,292)
Change in prepaid expenses and other, net (2,408) (578)
Change in trade accounts payable 27,130 49,656
Change in customer deposits (15,892) (8,715)
Change in accrued expenses (14,699) 14,574
Other, net (650) (3,645)
Net cash provided by operating activities 92,466 34,585
Cash flows from investing activities:    
Acquisition of property and equipment (90,446) (45,689)
Proceeds from the sale of property and equipment 122 2,635
Business disposition   27,500
Other (5,190) (736)
Net cash used in investing activities (95,514) (16,290)
Cash flows from financing activities:    
Draws on floor plan notes payable – non-trade, net 82,642 71,478
Proceeds from long-term debt 257,705 207,500
Principal payments on long-term debt (270,793) (204,000)
Principal payments on finance lease obligations (4,471) (3,997)
Proceeds from issuance of shares relating to equity awards 6,245 4,823
Taxes paid related to net share settlement of equity awards (6,964) (7,215)
Payments of cash dividends (12,062) (11,083)
Common stock repurchased (24,008) (14,421)
Net cash provided by financing activities 28,294 43,085
Net increase in cash and cash equivalents 25,246 61,380
Effect of exchange rate on cash 204  
Cash and cash equivalents, beginning of period 200,842 148,146
Cash and cash equivalents, end of period 226,292 209,526
Supplemental disclosure of cash flow information:    
Interest 11,712 2,244
Income taxes paid (refund), net 374 (14)
Assets acquired under finance leases $ 16,178 $ 2,672