DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	March 31, 2018		December 31, 2017
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	107,521	$	109,599
Parts and service receivables ⁽¹⁾	52,013		39,343
Finance and insurance receivables ⁽¹⁾	31,180		25,293
Other	12,666		17,514
Total accounts and notes receivable	203,380		191,749
Less allowance for doubtful accounts	3,221		3,138
Accounts and notes receivable, net ⁽¹⁾	$	200,159	$	188,611

Inventories consisted of the following:



	March 31, 2018		December 31, 2017
	(unaudited)
	(In thousands)
New vehicles	$	1,237,012	$	1,194,632
Used vehicles	359,725		350,760
Rental vehicles	136,809		144,213
Parts, accessories and other ⁽¹⁾	80,632		82,755
Total inventories	1,814,178		1,772,360
Less lower of cost or net realizable value allowance	10,002		9,067
Inventories, net ⁽¹⁾	$	1,804,176	$	1,763,293

⁽¹⁾ December 31, 2017 balances have not been adjusted under the modified retrospective approach as a part of the implementation of Topic 606. See Note 1, "Interim Financial Information", for further detail.

New, used and rental vehicles are valued at the lower of specific cost or net realizable value and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost (determined on either a first-in, first-out or an average cost basis) or net realizable value.

Property and equipment consisted of the following:



	Estimated Useful Lives in Years	March 31, 2018		December 31, 2017
	(unaudited)
		(in thousands)
Land	—	$	485,938	$	482,600
Buildings	25 to 50	721,033		700,257
Leasehold improvements	varies	177,869		172,071
Machinery and equipment	7 to 20	120,626		117,781
Furniture and fixtures	3 to 10	105,632		100,881
Company vehicles	3 to 5	12,157		11,933
Construction in progress	—	55,837		41,824
Total		1,679,092		1,627,347
Less accumulated depreciation		321,222		308,388
Property and equipment, net		$	1,357,870	$	1,318,959

During the three months ended March 31, 2018, the Company incurred $33.0 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company’s dealerships and facilities, excluding $8.8 million of capital expenditures accrued as of December 31, 2017. As of March 31, 2018, the Company had accrued $6.1 million of capital expenditures. In addition, the Company purchased real estate (including land and buildings) during the three months ended March 31, 2018 associated with existing dealership operations totaling $12.2 million. In conjunction with the acquisition of dealerships and franchises in the three months ended March 31, 2018, the Company acquired $8.9 million of real estate and other property and equipment.