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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Total assets $ 5,058,478 $ 4,871,065
Total current assets 2,413,198 2,329,186
Cash and cash equivalents 33,090 28,787
Contracts-in-transit and vehicle receivables, net 297,885 306,433
Accounts and notes receivable, net 200,159 188,611
Inventories, net 1,804,176 1,763,293
Prepaid expenses and other current assets 77,888 42,062
PROPERTY AND EQUIPMENT, net 1,357,870 1,318,959
GOODWILL 960,110 [1] 913,034
INTANGIBLE FRANCHISE RIGHTS 295,626 285,632
OTHER ASSETS 31,674 24,254
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Total liabilities and stockholders’ equity 5,058,478 4,871,065
Total current liabilities 2,267,158 2,198,487
Floorplan notes payable - credit facility and other 1,199,741 1,240,695
Offset account related to floorplan notes payable - credit facility (74,359) (86,547)
Floorplan notes payable - manufacturer affiliates 420,315 397,183
Offset account related to floorplan notes payable - manufacturer affiliates (24,000) (22,500)
Current maturities of long-term debt and short-term financing 58,195 77,609
Derivative Liability, Current 1,177 1,996
Accounts payable 491,841 412,981
Accrued expenses 194,248 177,070
LONG-TERM DEBT, net of current maturities 1,376,770 1,318,184
Deferred Tax Liabilities, Net, Noncurrent 134,800 124,404
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 3,512 8,583
OTHER LIABILITIES 98,159 97,125
STOCKHOLDERS’ EQUITY:    
Total stockholders’ equity 1,178,079 1,124,282
Common stock, $0.01 par value, 50,000 shares authorized; 25,527 and 25,515 issued, respectively 255 255
Additional paid-in capital 286,244 291,461
Retained earnings 1,288,052 1,246,323
Accumulated other comprehensive loss (105,950) (123,226)
Treasury stock, at cost; 4,597 and 4,617 shares, respectively $ (290,522) $ (290,531)
[1] (1) Net of accumulated impairment of $97.8 million