XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Sales revenue $ 1,789,178us-gaap_Revenues $ 1,078,106us-gaap_Revenues
Cost of sales:    
Cost of revenue 1,515,803us-gaap_CostOfRevenue 906,045us-gaap_CostOfRevenue
Gross profit 273,375us-gaap_GrossProfit 172,061us-gaap_GrossProfit
Asset impairments 4,130us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges
Selling, general and administrative 191,618us-gaap_SellingGeneralAndAdministrativeExpense 121,829us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization 9,726us-gaap_DepreciationDepletionAndAmortization 5,507us-gaap_DepreciationDepletionAndAmortization
Operating income 67,901us-gaap_OperatingIncomeLoss 44,725us-gaap_OperatingIncomeLoss
Floor plan interest expense (4,649)lad_FloorPlanInterestExpense (2,984)lad_FloorPlanInterestExpense
Other interest expense (4,828)us-gaap_InterestExpenseDebt (1,974)us-gaap_InterestExpenseDebt
Other (expense) income, net (368)us-gaap_OtherNonoperatingIncomeExpense 937us-gaap_OtherNonoperatingIncomeExpense
Income from continuing operations before income taxes 58,056us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1] 40,704us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1]
Income tax provision (17,403)us-gaap_IncomeTaxExpenseBenefit (16,010)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations, net of income tax 40,653us-gaap_IncomeLossFromContinuingOperations 24,694us-gaap_IncomeLossFromContinuingOperations
Income from discontinued operations, net of income tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 40us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income 40,653us-gaap_NetIncomeLoss 24,734us-gaap_NetIncomeLoss
Basic income per share from continuing operations (in Dollars per share) $ 1.55us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.95us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Basic income per share from discontinued operations (in Dollars per share) $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic net income per share (in Dollars per share) $ 1.55us-gaap_EarningsPerShareBasic $ 0.95us-gaap_EarningsPerShareBasic
Shares used in basic per share calculations (in Shares) 26,283us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 25,973us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted income per share from continuing operations (in Dollars per share) $ 1.53us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.94us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Diluted income per share from discontinued operations (in Dollars per share) $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted net income per share (in Dollars per share) $ 1.53us-gaap_EarningsPerShareDiluted $ 0.94us-gaap_EarningsPerShareDiluted
Shares used in diluted per share calculations (in Shares) 26,519us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 26,320us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
New Vehicle [Member]    
Revenues:    
Sales revenue 1,007,816us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_NewVehicleMember		 579,522us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_NewVehicleMember
Cost of sales:    
Cost of revenue 946,042us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_NewVehicleMember		 540,498us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_NewVehicleMember
Used Retail Vehicle [Member]    
Revenues:    
Sales revenue 462,931us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_UsedRetailVehicleMember		 301,893us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_UsedRetailVehicleMember
Cost of sales:    
Cost of revenue 403,489us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_UsedRetailVehicleMember		 261,097us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_UsedRetailVehicleMember
Used Wholesale Vehicle [Member]    
Revenues:    
Sales revenue 62,208us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_UsedWholesaleVehicleMember		 42,693us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_UsedWholesaleVehicleMember
Cost of sales:    
Cost of revenue 60,047us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_UsedWholesaleVehicleMember		 41,362us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_UsedWholesaleVehicleMember
Finance and Insurance [Member]    
Revenues:    
Sales revenue 64,604us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_FinanceandInsuranceMember		 39,631us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_FinanceandInsuranceMember
Service, Body and Parts [Member]    
Revenues:    
Sales revenue 173,475us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_ServiceBodyandPartsMember		 104,617us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_ServiceBodyandPartsMember
Cost of sales:    
Cost of revenue 89,036us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_ServiceBodyandPartsMember		 53,785us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_ServiceBodyandPartsMember
Fleet and Other [Member]    
Revenues:    
Sales revenue 18,144us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_FleetandOtherMember		 9,750us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= lad_FleetandOtherMember
Cost of sales:    
Cost of revenue $ 17,189us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_FleetandOtherMember		 $ 9,303us-gaap_CostOfRevenue
/ us-gaap_ProductOrServiceAxis
= lad_FleetandOtherMember
[1] Segment income is defined as operating income less floor plan interest expense.