Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 91,698 $ 64,847
Accounts receivable, net 147,516 156,977
Note receivable affiliate 11,512 10,611
Inventories, net 911,669 1,061,198
Prepaid expenses and other 8,790 32,953
Assets held for sale 15,676
Total current assets 1,186,861 1,326,586
Investments 6,231 6,650
Property and equipment, net 1,152,320 1,172,824
Goodwill, net 290,191 285,041
Other assets, net 59,892 60,907
Total assets 2,695,495 2,852,008
Current liabilities:    
Floor plan notes payable 711,906 854,758
Current maturities of long-term debt 132,671 151,024
Current maturities of capital lease obligations 14,409 14,691
Liabilities directly associated with assets held for sale 1,163
Trade accounts payable 109,957 120,255
Customer deposits 15,878 22,438
Accrued expenses 90,462 83,871
Total current liabilities 1,076,446 1,247,037
Long-term debt, net of current maturities 494,550 496,731
Capital lease obligations, net of current maturities 71,979 69,074
Other long-term liabilities 6,996 5,282
Deferred income taxes, net 192,354 188,987
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2016 and 2015
Common stock, par value $.01 per share; 60,000,000 class A shares and 20,000,000 class B shares authorized; 29,780,999 class A shares and 9,621,714 class B shares outstanding in 2016; and 30,303,818 class A shares and 10,093,305 class B shares outstanding in 2015 436 430
Additional paid-in capital 301,732 288,294
Treasury stock, at cost: 934,171 class A shares and 3,274,224 class B shares in 2016; and 2,616,657 class B shares in 2015 (76,650) (43,368)
Retained earnings 627,938 599,846
Accumulated other comprehensive loss, net of tax (286) (305)
Total shareholders’ equity 853,170 844,897
Total liabilities and shareholders’ equity $ 2,695,495 $ 2,852,008