Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
| Assets |
|
|
| Cash and cash equivalents |
$ 17,354
|
$ 29,287
|
| Cash held in escrow |
27,749
|
11,817
|
| Accounts receivable |
4,852
|
5,241
|
| Inventories |
873,613
|
810,137
|
| Prepaid expenses and other assets |
38,421
|
26,735
|
| Property and equipment, net |
11,228
|
8,375
|
| Deferred tax asset, net |
3,533
|
|
| Amortizable intangible assets, net |
3,256
|
4,784
|
| Goodwill |
21,365
|
21,365
|
| Total Assets |
1,001,371
|
917,741
|
| Liabilities: |
|
|
| Accounts payable |
18,139
|
10,967
|
| Accrued expenses and other liabilities |
87,305
|
106,777
|
| Deferred tax liability, net |
|
275
|
| Notes payable and revolving line of credit |
450,331
|
390,243
|
| Total liabilities |
555,775
|
508,262
|
| Stockholders' equity: |
|
|
| Preferred Stock, $0.01 par value, 50,000,000 shares authorized, none outstanding |
|
|
| Common stock, $0.01 par value, 100,000,000 shares authorized, 21,043,563 and 21,303,702 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively |
210
|
213
|
| Additional paid-in capital |
342,606
|
340,953
|
| Retained earnings |
102,780
|
68,313
|
| Total stockholders' equity |
445,596
|
409,479
|
| Total liabilities and stockholders' equity |
$ 1,001,371
|
$ 917,741
|