XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Total revenues $ 2,659,679 $ 2,236,101
Cost of sales:    
Total cost of sales 2,251,568 1,894,449
Gross profit 408,111 341,652
Selling, general and administrative 297,494 242,772
Depreciation and amortization 16,854 12,739
Operating income 93,763 86,141
Floor plan interest expense (13,534) (8,052)
Other interest expense, net (11,806) (6,671)
Other income, net 1,374 9,845
Income before income taxes 69,797 81,263
Income tax provision (17,736) (30,536)
Net income $ 52,061 $ 50,727
Basic net income per share (in dollars per share) $ 2.08 $ 2.01
Shares used in basic per share calculations (in shares) 25,050 25,180
Diluted net income per share (in dollars per share) $ 2.07 $ 2.01
Shares used in diluted per share calculations (in shares) 25,158 25,250
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.27 $ 0.25
New vehicle    
Revenues:    
Total revenues $ 1,454,725 $ 1,210,304
Cost of sales:    
Total cost of sales 1,367,778 1,140,186
Used vehicle retail    
Revenues:    
Total revenues 715,574 602,223
Cost of sales:    
Total cost of sales 641,963 533,440
Used vehicle wholesale    
Revenues:    
Total revenues 75,955 71,503
Cost of sales:    
Total cost of sales 75,029 69,986
Finance and insurance    
Revenues:    
Total revenues 106,505 86,777
Service, body and parts    
Revenues:    
Total revenues 285,697 232,574
Cost of sales:    
Total cost of sales 147,289 119,380
Fleet and other    
Revenues:    
Total revenues 21,223 32,720
Cost of sales:    
Total cost of sales $ 19,509 $ 31,457