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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 63,250 $ 54,872
Accounts receivable, net of allowance of $476 and $522 at March 31, 2012 and December 31, 2011, respectively 46,008 76,014
Inventory, net of reserve of $32 and $112 at March 31, 2012 and December 31, 2011, respectively 9,728 8,623
Deferred costs 533 1,587
Other current assets 3,545 1,645
Total current assets 123,064 142,741
Depreciable assets, net of accumulated depreciation of $23,977 and $23,239 at March 31, 2012 and December 31, 2011, respectively 3,744 4,482
Long-term receivables and other assets 2,642 3,126
Intangible assets, net of accumulated amortization of $643 and $414 at March 31, 2012 and December 31, 2011, respectively 3,847 4,076
Goodwill 9,415 9,415
Total assets 142,712 163,840
Current liabilities:    
Borrowings under credit facility      
Accounts payable 27,196 33,598
Accounts payable - floor plan 6,132 14,049
Accrued liabilities 8,122 11,351
Deferred revenue 2,562 4,105
Total current liabilities 44,012 63,103
Other liabilities 4,148 3,779
Total liabilities 48,160 66,882
Commitments and contingencies (See Note 13)      
Stockholders' equity    
Preferred stock - $0.25 par value, 680,850 shares authorized; none issued or outstanding      
Common stock - $0.005 par value, 20,000,000 shares authorized; 10,048,516 issued and 9,672,177 outstanding at March 31, 2012; and 10,049,618 issued and 9,667,439 outstanding at December 31, 2011 50 50
Capital in excess of par value 54,273 54,160
Retained earnings 41,993 44,501
Treasury stock, 340,607 shares at March 31, 2012 and 337,891 shares at December 31, 2011, at cost (1,764) (1,753)
Total stockholders' equity 94,552 96,958
Total liabilities and stockholders' equity $ 142,712 $ 163,840