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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 60,617 $ 71,489
Depreciation and amortization 61,491 56,834
Gain on sale of property and equipment (168) (150)
Stock-based compensation expense related to employee stock options and employee stock purchases 13,714 14,090
Provision for deferred income tax expense 2,250 71
Change in accounts receivable, net 50,342 (49,933)
Change in inventories, net (77,041) (215,506)
Change in prepaid expenses and other, net (424) (4,623)
Change in trade accounts payable 75,384 17,446
Change in customer deposits (12,566) (17,705)
Change in accrued expenses (19,553) (26,863)
Other, net (520) (203)
Net cash provided by (used in) operating activities 153,526 (155,053)
Acquisition of property and equipment (108,410) (79,136)
Proceeds from the sale of property and equipment 4,324 3,035
Change in notes receivable from affiliate 4,330 0
Other 3,255 6,913
Net cash used in investing activities (96,501) (69,188)
Draws on floor plan notes payable – non-trade, net (615) 110,172
Proceeds from long-term debt 288,446 698,754
Principal payments on long-term debt (293,223) (587,249)
Principal payments on finance lease obligations (3,690) (5,605)
Proceeds from issuance of shares related to employee stock options and employee stock purchases 6,153 9,360
Taxes paid related to net share settlement of equity awards (9,442) (9,486)
Payments of cash dividends (14,409) (13,868)
Common stock repurchased (29,642) (5,627)
Net cash provided by (used in) financing activities (56,422) 196,451
Net (decrease) increase in cash, cash equivalents and restricted cash 603 (27,790)
Effect of exchange rate on cash (15) (30)
Cash, cash equivalents and restricted cash, beginning of period 228,131 183,725
Cash, cash equivalents and restricted cash, end of period 228,719 155,905
Supplemental disclosure of cash flow information:    
Interest 11,720 18,630
Income taxes, net of refunds 1,822 518
Assets acquired under finance leases $ 4,855 $ 12,140