XML 36 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Derivative Financial Instruments | 12 Months Ended
--- | ---
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | Derivative Financial Instruments From time to time, we have entered into interest rate swaps to fix a portion of our interest expense. We do not enter into derivative instruments for any purpose other than to manage interest rate exposure to fluctuations in the one-month LIBOR benchmark. That is, we do not engage in interest rate speculation using derivative instruments. Typically, we designate all interest rate swaps as cash flow hedges and, accordingly, we record the change in fair value for the effective portion of these interest rate swaps in comprehensive income rather than net income until the underlying hedged transaction affects net income. If a swap is no longer designated as a cash flow hedge and the forecasted transaction remains probable or reasonably possible of occurring, the gain or loss recorded in accumulated other comprehensive loss is recognized in income as the forecasted transaction occurs. If the forecasted transaction is probable of not occurring, the gain or loss recorded in accumulated other comprehensive loss is recognized in income immediately. The effect of derivative instruments in our Consolidated Statements of Operations was as follows (in thousands):
Derivatives in Cash Flow Hedging Relationships |  | Amount of gain recognized in Accumulated OCI (effective portion) |  | Location of loss reclassified from Accumulated OCI into Income (effective portion) |  | Amount of loss reclassified from Accumulated OCI into Income (effective portion) |  | Location of loss recognized in Income on derivative (ineffective portion and amount excluded from effectiveness testing) |  | Amount of loss recognized in Income on derivative (ineffective portion and amount excluded from effectiveness testing)
Year Ended December 31, 2016 |  |  |  |  |  |  |  |  |  |
Interest rate swap contract |  | $ | 233 |  |  | Floor plan interest expense |  | $ | (219 | ) |  | Floor plan interest expense |  | $ | (352 | )
Year Ended December 31, 2015 |  |  |  |  |  |  |  |  |  |
Interest rate swap contract |  | $ | 599 |  |  | Floor plan interest expense |  | $ | (449 | ) |  | Floor plan interest expense |  | $ | (758 | )
We did not have any activity related to the effect of derivative instruments in 2017.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration