v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 134,700 $ 133,606
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 129,825 124,522
Gain on sale of property and equipment 186 (295)
Stock-based compensation expense related to employee stock options and employee stock purchases 21,334 22,003
Provision for deferred income tax expense 6,369 552
Change in accounts receivable, net (22,609) 40,697
Change in inventories, net (90,425) 10,193
Change in prepaid expenses and other, net 27,110 (8,055)
Change in trade accounts payable 66,582 52,875
Draws (payments) on floor plan financing – trade, net (57,003) 0
Change in customer deposits (3,745) (2,625)
Change in accrued expenses (19,381) 8,616
Other, net 712 (927)
Net cash provided by (used in) operating activities 193,655 381,162
Cash flows from investing activities:    
Acquisition of property and equipment (148,332) (222,275)
Proceeds from the sale of property and equipment 660 7,221
Change in notes receivable from affiliate 3,545 5,655
Business acquisition, net of cash acquired (51,762) (24,119)
Other 1,490 1,298
Net cash used in investing activities (194,399) (232,220)
Cash flows from financing activities:    
Draws on floor plan notes payable – non-trade, net 95,919 (12,047)
Proceeds from long-term debt 46,416 644,359
Principal payments on long-term debt (53,239) (642,459)
Principal payments on finance lease obligations (11,643) (8,243)
Proceeds from issuance of shares related to employee stock options and employee stock purchases 21,365 7,862
Taxes paid related to net share settlement of equity awards (9,511) (9,714)
Payments of cash dividends (30,507) (28,930)
Common stock repurchased (5,398) (117,082)
Net cash provided by (used in) financing activities 53,402 (166,254)
Net (decrease) increase in cash, cash equivalents and restricted cash 52,658 (17,312)
Effect of exchange rate on cash    
Effect of exchange rate on cash (366) 287
Cash, cash equivalents and restricted cash, beginning of period 212,645 228,131
Interest 13,777 28,724
Income taxes, net of refunds 517 20,539
Cash, cash equivalents and restricted cash, end of period 264,937 211,106
Interest 13,777 28,724
Income taxes, net of refunds 517 20,539
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations 264,937 211,106
Interest 13,777 28,724
Income taxes, net of refunds 517 20,539
Noncash activities:    
Assets acquired under finance leases $ 10,859 $ 12,247