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, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 6,565 $ 3,108
Receivables, net 297,266 430,242
Inventories 1,600,602 1,570,701
Other current assets 41,902 26,993
Total current assets 1,946,335 2,031,044
Property and Equipment, net 1,062,716 1,010,380
Goodwill 472,393 472,437
Other Intangible Assets, net 80,072 80,233
Other Assets 46,119 45,242
Total Assets 3,607,635 3,639,336
Current Liabilities:    
Notes payable - floor plan - trade 813,903 850,537
Notes payable - floor plan - non-trade 631,654 675,353
Trade accounts payable 125,279 117,740
Accrued interest 11,633 13,265
Other accrued liabilities 215,478 236,982
Current maturities of long-term debt 50,032 43,003
Total current liabilities 1,847,979 1,936,880
Long-Term Debt 897,352 839,675
Other Long-Term Liabilities 61,005 61,170
Deferred Income Taxes 79,021 76,447
Commitments and Contingencies
Stockholders’ Equity:    
Class A convertible preferred stock, none issued
Paid-in capital 724,276 721,695
Retained earnings 538,368 541,146
Accumulated other comprehensive income (loss) (959) (2,262)
Treasury stock, at cost; 30,440,728 Class A common stock shares held at March 31, 2017 and 30,263,196 Class A common stock shares held at December 31, 2016 (540,162) (536,166)
Total Stockholders’ Equity 722,278 725,164
Total Liabilities and Stockholders’ Equity 3,607,635 3,639,336
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 634 630
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value $ 121 $ 121