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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 92,453 $ 45,333
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation and amortization 45,809 42,601
Gain on sale of property and equipment, net (179) (92)
Gain on joint venture transaction (12,500) 0
Stock-based compensation expense related to employee stock options and employee stock purchases 13,793 11,520
Provision for deferred income tax expense 1,019 (8,375)
Change in accounts receivable, net (58,810) (14,690)
Change in inventories (98,292) (1,797)
Change in prepaid expenses and other, net (578) (729)
Change in trade accounts payable 49,656 23,903
Change in customer deposits (8,715) (31,243)
Change in accrued expenses 14,574 (25,495)
Other, net (3,645) (795)
Net cash provided by operating activities 34,585 40,141
Cash flows from investing activities:    
Acquisition of property and equipment (45,689) (32,933)
Proceeds from the sale of property and equipment 2,635 136
Business disposition 27,500 0
Other (736) 638
Net cash used in investing activities (16,290) (32,159)
Cash flows from financing activities:    
Draws (payments) on floor plan notes payable – non-trade, net 71,478 38,518
Proceeds from long-term debt 207,500 20,125
Principal payments on long-term debt (204,000) (44,669)
Principal payments on finance lease obligations (3,997) (2,090)
Proceeds from issuance of shares relating to equity awards 4,823 7,410
Taxes paid related to net share settlement of equity awards (7,215) (6,779)
Payments of cash dividends (11,083) (9,914)
Common stock repurchased (14,421) (6,561)
Net cash provided by (used) in financing activities 43,085 (3,960)
Net increase in cash and cash equivalents 61,380 4,022
Cash and cash equivalents, beginning of period 148,146 312,048
Cash and cash equivalents, end of period 209,526 316,070
Supplemental disclosure of cash flow information:    
Interest 2,244 7,262
Income taxes (refund) paid, net (14) 27,552
Assets acquired under finance leases $ 2,672 $ 10,368