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Business Combinations, Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2012
Business Combinations, Goodwill and Intangible Assets [Abstract] |
Allocation of the cash paid in the acquisition |
Net Tangible Assets |  | $ | 153,349 |
Identifiable Intangible Assets |  |  | 3,290,998 |
Deferred Tax Liabilities |  |  | (987,299 | )
Goodwill |  |  | 6,663,045 |
Noncontrolling interest |  |  | (3,648,037 | )
Aggregate Purchase Price |  | $ | 5,472,056 |
Composition of goodwill and intangible assets |
|  | March 31, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
Goodwill |  | $ | 63,935,487 |  |  | $ | 62,093,948 |
Intangible assets with indefinite lives |  |  |  |  |  |  |  |
- Trademarks |  |  | 5,363,349 |  |  |  | 5,068,147 |
Amortizable intangible assets |  |  |  |  |  |  |  |
- Licenses and others |  |  | 2,808,875 |  |  |  | 2,798,112 |
- Non-compete agreement |  |  | 1,304,151 |  |  |  | 1,270,807 |
- Customer list |  |  | 1,795,001 |  |  |  | 1,742,087 |
Total intangible assets |  | $ | 11,271,376 |  |  | $ | 10,879,153 |
Accumulated amortization |  |  | (4,644,589 | ) |  |  | (4,384,296 | )
Total intangible assets, net |  | $ | 6,626,787 |  |  | $ | 6,494,857 |
Table showing changes in the carrying amount of goodwill |
|  | Period ended March 31, 2012 |
|  | Brazil |  |  | Argentina |  |  | Chile |  |  | Mexico |  |  | Venezuela |  |  | Colombia |  |  | Other Countries |  |  | Total |
Balance, beginning of year |  | $ | 11,663,443 |  |  | $ | 21,583,774 |  |  | $ | 6,577,459 |  |  | $ | 10,621,839 |  |  | $ | 4,846,030 |  |  | $ | 5,367,526 |  |  | $ | 1,433,877 |  |  | $ | 62,093,948 |
- Effect of exchange rates changes |  |  | 343,739 |  |  |  | (369,670 | ) |  |  | 428,566 |  |  |  | 945,932 |  |  |  | — |  |  |  | 475,320 |  |  |  | 17,652 |  |  |  | 1,841,539 |
Balance, end of the period |  | $ | 12,007,182 |  |  | $ | 21,214,104 |  |  | $ | 7,006,025 |  |  | $ | 11,567,771 |  |  | $ | 4,846,030 |  |  | $ | 5,842,846 |  |  | $ | 1,451,529 |  |  | $ | 63,935,487 |
|  | Year ended December 31, 2011 |
|  | Brazil |  |  | Argentina |  |  | Chile |  |  | Mexico |  |  | Venezuela |  |  | Colombia |  |  | Other Countries |  |  | Total |
Balance, beginning of year |  | $ | 13,130,649 |  |  | $ | 23,364,326 |  |  | $ | 7,296,888 |  |  | $ | 5,025,623 |  |  | $ | 4,846,030 |  |  | $ | 5,448,068 |  |  | $ | 1,384,730 |  |  | $ | 60,496,314 |
- Purchase of Autoplaza.com |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,663,045 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,663,045 |
- Effect of exchange rates changes |  |  | (1,467,206 | ) |  |  | (1,780,552 | ) |  |  | (719,429 | ) |  |  | (1,066,829 | ) |  |  | — |  |  |  | (80,542 | ) |  |  | 49,147 |  |  |  | (5,065,411 | )
Balance, end of the year |  | $ | 11,663,443 |  |  | $ | 21,583,774 |  |  | $ | 6,577,459 |  |  | $ | 10,621,839 |  |  | $ | 4,846,030 |  |  | $ | 5,367,526 |  |  | $ | 1,433,877 |  |  | $ | 62,093,948 |
Expected future intangible asset amortization from acquisitions |
For year ended 12/31/2012 |  | $ | 461,383 |
For year ended 12/31/2013 |  |  | 455,163 |
For year ended 12/31/2014 |  |  | 184,970 |
For year ended 12/31/2015 |  |  | 99,948 |
Thereafter |  |  | 61,974 |
|  | $ | 1,263,438 |

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- Definition Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13854-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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