XML 18 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Total revenues $ 2,236,101 $ 1,982,861
Cost of sales:    
Total cost of sales 1,894,449 1,675,679
Gross profit 341,652 307,182
Asset impairments 3,498
Selling, general and administrative 242,772 219,106
Depreciation and amortization 12,739 11,663
Operating income 86,141 72,915
Floor plan interest expense (8,052) (5,909)
Other interest expense, net (6,671) (5,459)
Other income (expense), net 9,845 (1,526)
Income before income taxes 81,263 60,021
Income tax provision (30,536) (19,751)
Net income $ 50,727 $ 40,270
Basic net income per share (in dollars per share) $ 2.01 $ 1.56
Shares used in basic per share calculations (in shares) 25,180 25,816
Diluted net income per share (in dollars per share) $ 2.01 $ 1.55
Shares used in diluted per share calculations (in shares) 25,250 25,973
Cash dividends declared per Class A and Class B share (in dollars per share) $ 0.25 $ 0.20
New Vehicle [Member]    
Revenues:    
Total revenues $ 1,210,304 $ 1,096,055
Cost of sales:    
Total cost of sales 1,140,186 1,029,289
Used Retail Vehicle [Member]    
Revenues:    
Total revenues 602,223 532,726
Cost of sales:    
Total cost of sales 533,440 468,449
Used Wholesale Vehicle [Member]    
Revenues:    
Total revenues 71,503 65,146
Cost of sales:    
Total cost of sales 69,986 63,316
Finance and Insurance [Member]    
Revenues:    
Total revenues 86,777 77,638
Service, Body and Parts [Member]    
Revenues:    
Total revenues 232,574 196,675
Cost of sales:    
Total cost of sales 119,380 100,556
Fleet and Other [Member]    
Revenues:    
Total revenues 32,720 14,621
Cost of sales:    
Total cost of sales $ 31,457 $ 14,069