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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 315,911 $ 312,048
Accounts receivable, net 160,435 172,481
Inventories, net 813,773 858,291
Prepaid expenses and other 16,161 14,906
Total current assets 1,306,280 1,357,726
Property and equipment, net 1,179,312 1,203,719
Operating lease right-of-use assets, net 62,025 60,577
Goodwill, net 292,142 292,142
Other assets, net 72,365 71,229
Total assets 2,912,124 2,985,393
Current liabilities:    
Floor plan notes payable 470,877 511,786
Current maturities of long-term debt 120,593 141,672
Current maturities of finance lease obligations 26,006 26,373
Current maturities of operating lease obligations 10,950 10,196
Trade accounts payable 124,124 110,728
Customer deposits 50,484 74,209
Accrued expenses 125,777 151,830
Total current liabilities 928,811 1,026,794
Long-term debt, net of current maturities 332,165 387,982
Finance lease obligations, net of current maturities 91,209 90,740
Operating lease obligations, net of current maturities 52,321 51,155
Other long-term liabilities 35,582 34,246
Deferred income taxes, net 111,837 126,439
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2021 and 2020 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 43,104,231 Class A shares and 12,560,943 Class B shares outstanding in 2021; and 42,503,925 Class A shares and 12,470,308 Class B shares outstanding in 2020 560 551
Additional paid-in capital 456,785 437,646
Treasury stock, at cost: 12,999 Class A shares and 327,824 Class B shares in 2021; and 10,335 Class A shares and 73,437 Class B shares in 2020 (13,585) (2,879)
Retained earnings 915,003 831,850
Accumulated other comprehensive income 1,436 869
Total shareholders’ equity 1,360,199 1,268,037
Total liabilities and shareholders’ equity $ 2,912,124 $ 2,985,393