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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Total revenues $ 2,467,036 $ 2,133,339 $ 4,703,137 $ 4,116,200
Cost of sales:        
Total cost of sales 2,091,765 1,811,303 3,986,214 3,486,982
Gross profit 375,271 322,036 716,923 629,218
Asset impairments 0 3,498 0 6,996
Selling, general and administrative 257,290 215,526 500,062 434,632
Depreciation and amortization 14,031 12,503 26,770 24,166
Operating income 103,950 90,509 190,091 163,424
Floor plan interest expense (9,332) (6,209) (17,384) (12,118)
Other interest expense, net (7,169) (5,502) (13,840) (10,961)
Other income (expense), net 387 (1,495) 10,232 (3,021)
Income before income taxes 87,836 77,303 169,099 137,324
Income tax provision (34,636) (25,875) (65,172) (45,626)
Net income $ 53,200 $ 51,428 $ 103,927 $ 91,698
Basic net income per share (in dollars per share) $ 2.12 $ 2.02 $ 4.14 $ 3.58
Shares used in basic per share calculations (in shares) 25,053 25,462 25,116 25,639
Diluted net income per share (in dollars per share) $ 2.12 $ 2.01 $ 4.13 $ 3.56
Shares used in diluted per share calculations (in shares) 25,106 25,534 25,177 25,754
Cash dividends declared per Class A and Class B share (in dollars per share) $ 0.27 $ 0.25 $ 0.52 $ 0.45
New vehicle        
Revenues:        
Total revenues $ 1,384,055 $ 1,209,037 $ 2,594,359 $ 2,305,092
Cost of sales:        
Total cost of sales 1,303,516 1,136,175 2,443,702 2,165,464
Used vehicle retail        
Revenues:        
Total revenues 633,635 553,647 1,235,858 1,086,373
Cost of sales:        
Total cost of sales 559,129 486,422 1,092,569 954,871
Used vehicle wholesale        
Revenues:        
Total revenues 69,512 66,714 141,015 131,860
Cost of sales:        
Total cost of sales 67,800 65,228 137,786 128,544
Finance and insurance        
Revenues:        
Total revenues 94,851 81,043 181,628 158,681
Service, body and parts        
Revenues:        
Total revenues 246,005 202,265 478,579 398,940
Cost of sales:        
Total cost of sales 123,525 103,666 242,905 204,222
Fleet and other        
Revenues:        
Total revenues 38,978 20,633 71,698 35,254
Cost of sales:        
Total cost of sales $ 37,795 $ 19,812 $ 69,252 $ 33,881