XML 76 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 29,898,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 23,686,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowance for doubtful accounts of $2,191 and $173 295,379,000us-gaap_AccountsReceivableNetCurrent 170,519,000us-gaap_AccountsReceivableNetCurrent
Inventories, net 1,249,659,000us-gaap_InventoryNet 859,019,000us-gaap_InventoryNet
Deferred income taxes   1,548,000us-gaap_DeferredTaxAssetsNetCurrent
Other current assets 32,010,000us-gaap_OtherAssetsCurrent 15,251,000us-gaap_OtherAssetsCurrent
Assets held for sale 8,563,000us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent 11,526,000us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total Current Assets 1,615,509,000us-gaap_AssetsCurrent 1,081,549,000us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation of $117,679 and $106,871 816,745,000us-gaap_PropertyPlantAndEquipmentNet 481,212,000us-gaap_PropertyPlantAndEquipmentNet
Goodwill 199,375,000us-gaap_Goodwill [1] 49,511,000us-gaap_Goodwill [1]
Franchise value 150,892,000us-gaap_IndefiniteLivedFranchiseRights 71,199,000us-gaap_IndefiniteLivedFranchiseRights
Deferred income taxes   10,256,000us-gaap_DeferredTaxAssetsNetNoncurrent
Other non-current assets 98,411,000us-gaap_OtherAssetsNoncurrent 31,394,000us-gaap_OtherAssetsNoncurrent
Total Assets 2,880,932,000us-gaap_Assets 1,725,121,000us-gaap_Assets
Current Liabilities:    
Floor plan notes payable 41,047,000lad_FloorPlanNotesPayable [2] 18,789,000lad_FloorPlanNotesPayable [2]
Floor plan notes payable: non-trade 1,137,632,000lad_FloorPlanNotesPayableNonTrade [2],[3] 695,066,000lad_FloorPlanNotesPayableNonTrade [2],[3]
Current maturities of long-term debt 31,912,000us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 7,083,000us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Trade payables 70,853,000us-gaap_AccountsPayableCurrent 51,159,000us-gaap_AccountsPayableCurrent
Accrued liabilities 153,661,000us-gaap_AccruedLiabilitiesCurrent 94,143,000us-gaap_AccruedLiabilitiesCurrent
Deferred income taxes 2,603,000us-gaap_DeferredTaxLiabilitiesCurrent  
Liabilities related to assets held for sale 4,892,000us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent 6,271,000us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total Current Liabilities 1,442,600,000us-gaap_LiabilitiesCurrent 872,511,000us-gaap_LiabilitiesCurrent
Long-term debt, less current maturities 609,066,000us-gaap_LongTermDebtAndCapitalLeaseObligations 245,471,000us-gaap_LongTermDebtAndCapitalLeaseObligations
Deferred revenue 54,403,000us-gaap_DeferredRevenueNoncurrent 44,005,000us-gaap_DeferredRevenueNoncurrent
Deferred income taxes 42,795,000us-gaap_DeferredTaxLiabilitiesNoncurrent  
Other long-term liabilities 58,963,000us-gaap_OtherLiabilitiesNoncurrent 28,412,000us-gaap_OtherLiabilitiesNoncurrent
Total Liabilities 2,207,827,000us-gaap_Liabilities 1,190,399,000us-gaap_Liabilities
Stockholders' Equity:    
Preferred stock - no par value; authorized 15,000 shares; none outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Additional paid-in capital 29,775,000us-gaap_AdditionalPaidInCapitalCommonStock 22,598,000us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated other comprehensive loss (926,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (1,538,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 367,879,000us-gaap_RetainedEarningsAccumulatedDeficit 245,088,000us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 673,105,000us-gaap_StockholdersEquity 534,722,000us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity 2,880,932,000us-gaap_LiabilitiesAndStockholdersEquity 1,725,121,000us-gaap_LiabilitiesAndStockholdersEquity
Common Class A [Member]    
Stockholders' Equity:    
Common stock, value issued 276,058,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember		 268,255,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Common Class B [Member]    
Stockholders' Equity:    
Common stock, value issued $ 319,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember		 $ 319,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[1] Net of accumulated impairment losses of $299.3 million recorded during the year ended December 31, 2008.
[2] At December 31, 2014 and 2013, we had an additional $4.9 and $4.8 million of floor plan notes payable outstanding, respectively, on our new vehicle floor plan commitment recorded as liability related to assets held for sale. Additionally, at December 31, 2013, we had $1.5 million of floor plan notes payable on vehicles designated as service loaners recorded as liabilities related to assets held for sale.
[3] As of December 31, 2014 and 2013, we had a new vehicle floor plan commitment of $1.25 billion and $700 million, respectively, as part of our credit facility.