XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Total assets $ 4,500,800 $ 4,396,716
Total current assets 2,201,957 2,188,370
Cash and cash equivalents 24,965 13,037
Contracts-in-transit and vehicle receivables, net 212,304 252,438
Accounts and notes receivable, net 151,655 157,768
Inventories, net 1,784,114 1,737,751
Deferred income taxes   14,100
Prepaid expenses and other current assets 28,919 27,376
PROPERTY AND EQUIPMENT, net 1,081,232 1,033,981
GOODWILL 881,981 [1] 854,915
INTANGIBLE FRANCHISE RIGHTS 322,974 307,588
OTHER ASSETS 12,656 11,862
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Total liabilities and stockholders’ equity 4,500,800 4,396,716
Total current liabilities 2,111,874 2,039,268
Floorplan notes payable - credit facility and other 1,239,220 1,265,719
Offset account related to floorplan notes payable - credit facility (35,461) (110,759)
Floorplan notes payable - manufacturer affiliates 397,295 389,071
Offset account related to floorplan notes payable - manufacturer affiliates (27,500) (25,500)
Current maturities of long-term debt and short-term financing 42,993 54,991
Accounts payable 313,219 280,423
Accrued expenses 182,108 185,323
LONG-TERM DEBT, net of current maturities 1,250,940 1,199,534
Deferred Tax Liabilities, Net, Noncurrent 140,462 136,644
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 49,438 31,153
OTHER LIABILITIES 80,534 71,865
STOCKHOLDERS’ EQUITY:    
Total stockholders’ equity 867,552 918,252
Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 50,000 shares authorized; 25,702 and 25,706 issued, respectively 257 257
Additional paid-in capital 284,887 291,092
Retained earnings 996,944 926,169
Accumulated other comprehensive loss (154,404) (137,984)
Treasury stock, at cost; 4,095 and 2,291 shares, respectively $ (260,132) $ (161,282)
[1] 1) Net of accumulated impairment of $97.8 million.