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v3.4.0.3

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
New Vehicle [Member] |  |
Revenues: |  |
Revenues | $ 1,096,055 | $ 1,007,816
Cost of sales: |  |
Cost of sales | 1,029,289 | 946,042
Used Retail Vehicle [Member] |  |
Revenues: |  |
Revenues | 532,726 | 462,931
Cost of sales: |  |
Cost of sales | 468,449 | 403,489
Used Wholesale Vehicle [Member] |  |
Revenues: |  |
Revenues | 65,146 | 62,208
Cost of sales: |  |
Cost of sales | 63,316 | 60,047
Finance and Insurance [Member] |  |
Revenues: |  |
Revenues | 77,638 | 64,604
Service, Body and Parts [Member] |  |
Revenues: |  |
Revenues | 196,675 | 173,475
Cost of sales: |  |
Cost of sales | 100,556 | 89,036
Fleet and Other [Member] |  |
Revenues: |  |
Revenues | 14,621 | 18,144
Cost of sales: |  |
Cost of sales | 14,069 | 17,189
Revenues | 1,982,861 | 1,789,178
Cost of sales | 1,675,679 | 1,515,803
Gross profit | 307,182 | 273,375
Asset impairments | 3,498 | 4,130
Selling, general and administrative | 219,106 | 191,618
Depreciation and amortization | 11,663 | 9,726
Operating income | 72,915 | 67,901
Floor plan interest expense | (5,909) | (4,649)
Other interest expense | (5,459) | (4,828)
Other expense, net | (1,526) | (368)
Income before income taxes | 60,021 | 58,056
Income tax provision | (19,751) | (17,403)
Net income | $ 40,270 | $ 40,653
Basic net income per share (in dollars per share) | $ 1.56 | $ 1.55
Shares used in basic per share calculations (in shares) | 25,816 | 26,283
Diluted net income per share (in dollars per share) | $ 1.55 | $ 1.53
Shares used in diluted per share calculations (in shares) | 25,973 | 26,519

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