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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 138,345 $ 127,325
Trade receivables, net 200,144 174,832
Inventories, net 783,961 746,534
Prepaid expenses and other 101,453 91,636
Income taxes receivable 29,601 50,662
Total current assets 1,253,504 1,190,989
Land, buildings and improvements 410,604 386,366
Equipment and tooling 1,137,183 1,080,239
Property and equipment, gross 1,547,787 1,466,605
Less: accumulated depreciation (800,598) (739,009)
Property and equipment, net 747,189 727,596
Investment in finance affiliate 88,764 94,009
Deferred tax assets 115,511 188,471
Goodwill and other intangible assets, net 780,586 792,979
Other long-term assets 104,039 105,553
Total assets 3,089,593 3,099,597
Current liabilities:    
Current portion of debt, capital lease obligations, and notes payable 47,746 3,847
Accounts payable 317,377 273,742
Accrued expenses:    
Compensation 168,014 122,214
Warranties 123,840 119,274
Sales promotions and incentives 162,298 158,562
Dealer holdback 114,196 117,574
Other 186,103 162,432
Income taxes payable 10,737 2,106
Total current liabilities 1,130,311 959,751
Long-term income taxes payable 20,114 26,391
Capital lease obligations 18,351 17,538
Long-term debt 846,915 1,120,525
Deferred tax liabilities 10,128 9,127
Other long-term liabilities 120,398 90,497
Total liabilities 2,146,217 2,223,829
Deferred compensation 11,717 8,728
Shareholders’ equity:    
Preferred stock $0.01 par value, 20,000 shares authorized, no shares issued and outstanding 0 0
Common stock $0.01 par value, 160,000 shares authorized, 63,075 and 63,109 shares issued and outstanding, respectively 631 631
Additional paid-in capital 733,894 650,162
Retained earnings 242,763 300,084
Accumulated other comprehensive loss, net (45,629) (83,837)
Total shareholders’ equity 931,659 867,040
Total liabilities and shareholders’ equity $ 3,089,593 $ 3,099,597