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, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 4,380 $ 3,108
Receivables, net 289,820 430,242
Inventories 1,622,338 1,570,701
Other current assets 43,622 26,993
Total current assets 1,960,160 2,031,044
Property and Equipment, net 1,087,369 1,010,380
Goodwill 471,493 472,437
Other Intangible Assets, net 79,911 80,233
Other Assets 46,223 45,242
Total Assets 3,645,156 3,639,336
Current Liabilities:    
Notes payable - floor plan - trade 802,255 850,537
Notes payable - floor plan - non-trade 679,075 675,353
Trade accounts payable 123,010 117,740
Accrued interest 11,924 13,265
Other accrued liabilities 221,389 236,982
Current maturities of long-term debt 67,231 43,003
Total current liabilities 1,904,884 1,936,880
Long-Term Debt 887,327 839,675
Other Long-Term Liabilities 63,037 61,170
Deferred Income Taxes 76,498 76,447
Commitments and Contingencies
Stockholders’ Equity:    
Class A convertible preferred stock, none issued
Paid-in capital 727,459 721,695
Retained earnings 548,242 541,146
Accumulated other comprehensive income (loss) (933) (2,262)
Treasury stock, at cost; 31,623,378 Class A common stock shares held at June 30, 2017 and 30,263,196 Class A common stock shares held at December 31, 2016 (562,114) (536,166)
Total Stockholders’ Equity 713,410 725,164
Total Liabilities and Stockholders’ Equity 3,645,156 3,639,336
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 635 630
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value $ 121 $ 121