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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Sales revenue $ 1,996,947 $ 1,221,802 $ 3,786,125 $ 2,299,908
Cost of sales:        
Cost of revenue 1,699,298 1,029,502 3,215,101 1,935,547
Gross profit 297,649 192,300 571,024 364,361
Asset impairments 6,130 0 10,260 0
Selling, general and administrative 195,610 125,463 387,228 247,292
Depreciation and amortization 10,287 5,825 20,013 11,332
Operating income 85,622 61,012 153,523 105,737
Floor plan interest expense (4,655) (3,215) (9,304) (6,199)
Other interest expense (4,972) (1,869) (9,800) (3,843)
Other (expense) income, net (356) 1,146 (724) 2,083
Income from continuing operations before income taxes [1] 75,639 57,074 133,695 97,778
Income tax provision (24,416) (21,904) (41,819) (37,914)
Income from continuing operations, net of income tax 51,223 35,170 91,876 59,864
Income from discontinued operations, net of income tax 0 3,139 0 3,179
Net income $ 51,223 $ 38,309 $ 91,876 $ 63,043
Basic income per share from continuing operations (in Dollars per share) $ 1.95 $ 1.35 $ 3.49 $ 2.30
Basic income per share from discontinued operations (in Dollars per share) 0 0.12 0 0.12
Basic net income per share (in Dollars per share) $ 1.95 $ 1.47 $ 3.49 $ 2.42
Shares used in basic per share calculations (in Shares) 26,332 26,119 26,310 26,047
Diluted income per share from continuing operations (in Dollars per share) $ 1.93 $ 1.34 $ 3.47 $ 2.27
Diluted income per share from discontinued operations (in Dollars per share) 0 0.11 0 0.12
Diluted net income per share (in Dollars per share) $ 1.93 $ 1.45 $ 3.47 $ 2.39
Shares used in diluted per share calculations (in Shares) 26,496 26,331 26,509 26,326
New Vehicle [Member]        
Revenues:        
Sales revenue $ 1,149,512 $ 694,484 $ 2,157,328 $ 1,274,006
Cost of sales:        
Cost of revenue 1,080,170 648,490 2,026,212 1,188,988
Used Retail Vehicle [Member]        
Revenues:        
Sales revenue 488,801 310,475 951,732 612,368
Cost of sales:        
Cost of revenue 426,108 266,408 829,597 527,505
Used Wholesale Vehicle [Member]        
Revenues:        
Sales revenue 66,796 44,286 129,004 86,979
Cost of sales:        
Cost of revenue 65,390 42,782 125,437 84,144
Finance and Insurance [Member]        
Revenues:        
Sales revenue 72,463 43,838 137,067 83,469
Service, Body and Parts [Member]        
Revenues:        
Sales revenue 182,695 114,337 356,170 218,954
Cost of sales:        
Cost of revenue 91,946 58,155 180,982 111,940
Fleet and Other [Member]        
Revenues:        
Sales revenue 36,680 14,382 54,824 24,132
Cost of sales:        
Cost of revenue $ 35,684 $ 13,667 $ 52,873 $ 22,970
[1] Segment income is defined as operating income less floor plan interest expense.