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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 424,400 $ 157,100
Trade receivables, net 167,900 190,400
Inventories, net 1,234,800 1,121,100
Prepaid expenses and other 112,200 125,900
Income taxes receivable 45,900 32,500
Total current assets 1,985,200 1,627,000
Property and equipment, net 886,100 899,800
Investment in finance affiliate 112,400 110,600
Deferred tax assets 90,900 93,300
Goodwill and other intangible assets, net 1,478,400 1,490,200
Operating lease assets 110,000 110,200
Other long-term assets 100,900 99,400
Total assets 4,763,900 4,430,500
Current liabilities:    
Current portion of debt, finance lease obligations and notes payable 166,700 166,700
Accounts payable 556,100 450,200
Accrued expenses:    
Compensation 79,200 184,500
Warranties 132,800 136,200
Sales promotions and incentives 186,500 189,900
Dealer holdback 121,100 145,800
Other 230,000 213,900
Current operating lease liabilities 36,900 34,900
Income taxes payable 3,700 5,900
Total current liabilities 1,513,000 1,528,000
Long-term income taxes payable 25,200 28,100
Finance lease obligations 14,300 14,800
Long-term debt 1,982,500 1,512,000
Deferred tax liabilities 3,400 4,000
Long-term operating lease liabilities 75,600 77,900
Other long-term liabilities 141,400 143,900
Total liabilities 3,755,400 3,308,700
Deferred compensation 6,700 13,600
Shareholders’ equity:    
Preferred stock $0.01 par value per share, 20,000 shares authorized, no shares issued and outstanding 0 0
Common stock $0.01 par value per share, 160,000 shares authorized, 61,169 and 60,890 shares issued and outstanding, respectively 600 600
Additional paid-in capital 898,400 892,800
Retained earnings 210,600 287,300
Accumulated other comprehensive loss, net (108,000) (72,700)
Total shareholders’ equity 1,001,600 1,108,000
Noncontrolling interest 200 200
Total equity 1,001,800 1,108,200
Total liabilities and equity $ 4,763,900 $ 4,430,500