Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 2,390 $ 3,625
Receivables, net 278,099 378,520
Inventories 1,593,732 1,599,581
Other current assets 57,237 101,386
Total current assets 1,931,458 2,083,112
Property and Equipment, net 908,176 886,902
Goodwill 471,493 471,493
Other Intangible Assets, net 80,715 80,876
Other Assets 39,529 39,998
Total Assets 3,431,371 3,562,381
Current Liabilities:    
Notes payable - floor plan - trade 811,411 893,466
Notes payable - floor plan - non-trade 608,927 625,367
Trade accounts payable 138,511 131,204
Accrued interest 13,154 12,640
Other accrued liabilities 205,471 218,507
Current maturities of long-term debt 26,679 33,437
Total current liabilities 1,804,153 1,914,621
Long-Term Debt 817,065 781,145
Other Long-Term Liabilities 66,941 64,245
Deferred Income Taxes $ 76,755 $ 73,322
Commitments and Contingencies
Stockholders’ Equity:    
Class A convertible preferred stock, none issued
Paid-in capital $ 715,634 $ 713,118
Retained earnings 469,340 457,010
Accumulated other comprehensive income (loss) (8,657) (5,632)
Treasury stock, at cost; 28,777,881 Class A common stock shares held at March 31, 2016 and 24,675,443 Class A common stock shares held at December 31, 2015 (510,610) (436,195)
Total Stockholders’ Equity 666,457 729,048
Total Liabilities and Stockholders’ Equity 3,431,371 3,562,381
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 629 626
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value $ 121 $ 121