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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 820,600 $ 157,100
Trade receivables, net 241,300 190,400
Inventories, net 1,213,500 1,121,100
Prepaid expenses and other 98,600 125,900
Income taxes receivable 5,700 32,500
Total current assets 2,379,700 1,627,000
Property and equipment, net 865,300 899,800
Investment in finance affiliate 44,900 110,600
Deferred tax assets 186,400 93,300
Goodwill and other intangible assets, net 1,087,300 1,490,200
Operating lease assets 105,800 110,200
Other long-term assets 114,200 99,400
Total assets 4,783,600 4,430,500
Current liabilities:    
Current portion of debt, finance lease obligations and notes payable 542,100 166,700
Accounts payable 790,700 450,200
Accrued expenses:    
Compensation 194,600 184,500
Warranties 140,600 136,200
Sales promotions and incentives 133,100 189,900
Dealer holdback 109,700 145,800
Other 256,600 213,900
Current operating lease liabilities 33,600 34,900
Income taxes payable 38,000 5,900
Total current liabilities 2,239,000 1,528,000
Long-term income taxes payable 21,300 28,100
Finance lease obligations 14,400 14,800
Long-term debt 1,307,900 1,512,000
Deferred tax liabilities 3,500 4,000
Long-term operating lease liabilities 74,200 77,900
Other long-term liabilities 159,300 143,900
Total liabilities 3,819,600 3,308,700
Deferred compensation 16,200 13,600
Shareholders’ equity:    
Preferred stock $0.01 par value per share, 20.0 shares authorized, no shares issued and outstanding 0 0
Common stock $0.01 par value per share, 160.0 shares authorized, 61.7 and 61.4 shares issued and outstanding, respectively 600 600
Additional paid-in capital 972,800 892,800
Retained earnings 59,000 287,300
Accumulated other comprehensive loss, net (84,900) (72,700)
Total shareholders’ equity 947,500 1,108,000
Noncontrolling interest 300 200
Total equity 947,800 1,108,200
Total liabilities and equity $ 4,783,600 $ 4,430,500