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
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 2,419 $ 3,625
Receivables, net 313,572 378,520
Inventories 1,590,216 1,599,581
Assets held for sale 6,347  
Other current assets 54,681 101,386
Total current assets 1,967,235 2,083,112
Property and Equipment, net 951,838 886,902
Goodwill 471,493 471,493
Other Intangible Assets, net 80,555 80,876
Other Assets 40,104 39,998
Total Assets 3,511,225 3,562,381
Current Liabilities:    
Notes payable - floor plan - trade 787,130 893,466
Notes payable - floor plan - non-trade 655,282 625,367
Trade accounts payable 129,944 131,204
Accrued interest 12,874 12,640
Other accrued liabilities 219,546 218,507
Current maturities of long-term debt 29,459 33,437
Total current liabilities 1,834,235 1,914,621
Long-Term Debt 848,802 781,145
Other Long-Term Liabilities 70,517 64,245
Deferred Income Taxes 82,743 73,322
Commitments and Contingencies
Stockholders’ Equity:    
Class A convertible preferred stock, none issued
Paid-in capital 718,390 713,118
Retained earnings 489,878 457,010
Accumulated other comprehensive income (loss) (10,392) (5,632)
Treasury stock, at cost; 28,777,881 Class A common stock shares held at June 30, 2016 and 24,675,443 Class A common stock shares held at December 31, 2015 (523,699) (436,195)
Total Stockholders’ Equity 674,928 729,048
Total Liabilities and Stockholders’ Equity 3,511,225 3,562,381
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 630 626
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value $ 121 $ 121