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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 01, 2023
Jan. 02, 2022
Current assets    
Cash and cash equivalents $ 195.9 $ 109.4
Restricted cash 0.0 53.0
Accounts receivable, net 445.2 465.7
Prepaid consigned vehicle charges 68.1 72.2
Other current assets 79.2 69.6
Total current assets 788.4 769.9
Non-current assets    
Operating lease right-of-use assets, net 1,203.9 1,024.4
Property and equipment, net 383.8 338.1
Goodwill 767.5 797.5
Intangible assets, net 185.2 197.5
Other assets 34.1 26.9
Total non-current assets 2,574.5 2,384.4
Total assets 3,362.9 3,154.3
Current liabilities    
Accounts payable 231.0 163.5
Short-term right-of-use operating lease liability 87.6 94.3
Accrued employee benefits and compensation expenses 34.0 44.2
Other accrued expenses 64.9 124.6
Current maturities of long-term debt 32.5 181.3
Total current liabilities 450.0 607.9
Non-current liabilities    
Long-term debt 1,090.8 1,120.6
Long-term right-of-use operating lease liability 1,165.0 984.8
Deferred income tax liabilities 66.9 74.8
Other liabilities 22.9 32.6
Total non-current liabilities 2,345.6 2,212.8
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock, $0.01 par value: Authorized 150.0 shares; issued and outstanding: none 0.0 0.0
Common stock, $0.01 par value: Authorized 750.0 shares; issued and outstanding: 133.8 shares at January 1, 2023 and 134.2 shares at January 2, 2022 1.3 1.3
Treasury stock, at cost: 1.4 shares at January 1, 2023 and 0.7 shares at January 2, 2022 (61.2) (34.0)
Additional paid-in capital 26.2 18.6
Retained earnings 654.5 362.1
Accumulated other comprehensive loss (53.5) (14.4)
Total stockholders' equity 567.3 333.6
Total liabilities and stockholders' equity $ 3,362.9 $ 3,154.3