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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 161,164 $ 138,345
Trade receivables, net 197,082 200,144
Inventories, net 969,511 783,961
Prepaid expenses and other 121,472 101,453
Income taxes receivable 36,474 29,601
Total current assets 1,485,703 1,253,504
Land, buildings and improvements 462,224 410,604
Equipment and tooling 1,245,312 1,137,183
Property and equipment, gross 1,707,536 1,547,787
Less: accumulated depreciation (864,414) (800,598)
Property and equipment, net 843,122 747,189
Investment in finance affiliate 92,059 88,764
Deferred tax assets 87,474 115,511
Goodwill and other intangible assets, net 1,517,594 780,586
Other long-term assets 98,963 104,039
Total assets 4,124,915 3,089,593
Current liabilities:    
Current portion of debt, capital lease obligations, and notes payable 66,543 47,746
Accounts payable 346,294 317,377
Accrued expenses:    
Compensation 167,857 168,014
Warranties 121,824 123,840
Sales promotions and incentives 167,621 162,298
Dealer holdback 125,003 114,196
Other 197,687 186,103
Income taxes payable 4,545 10,737
Total current liabilities 1,197,374 1,130,311
Long-term income taxes payable 28,602 20,114
Capital lease obligations 16,140 18,351
Long-term debt 1,879,887 846,915
Deferred tax liabilities 6,490 10,128
Other long-term liabilities 122,570 120,398
Total liabilities 3,251,063 2,146,217
Deferred compensation 6,837 11,717
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, 60,890 and 63,075 shares issued and outstanding, respectively 609 631
Additional paid-in capital 807,986 733,894
Retained earnings 121,393 242,763
Accumulated other comprehensive loss, net (62,973) (45,629)
Total shareholders’ equity 867,015 931,659
Total liabilities and shareholders’ equity $ 4,124,915 $ 3,089,593