XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 3,096,537 $ 2,467,036 $ 5,756,216 $ 4,703,137
Cost of sales:        
Total cost of sales 2,635,810 2,091,765 4,887,378 3,986,214
Gross profit 460,727 375,271 868,838 716,923
Selling, general and administrative 333,350 257,290 630,844 500,062
Depreciation and amortization 18,821 14,031 35,675 26,770
Operating income 108,556 103,950 202,319 190,091
Floor plan interest expense (15,634) (9,332) (29,168) (17,384)
Other interest expense, net (13,829) (7,169) (25,635) (13,840)
Other income, net 1,659 387 3,033 10,232
Income before income taxes 80,752 87,836 150,549 169,099
Income tax provision (20,092) (34,636) (37,828) (65,172)
Net income $ 60,660 $ 53,200 $ 112,721 $ 103,927
Basic net income per share (in dollars per share) $ 2.45 $ 2.12 $ 4.52 $ 4.14
Shares used in basic per share calculations (in shares) 24,793 25,053 24,930 25,116
Diluted net income per share (in dollars per share) $ 2.44 $ 2.12 $ 4.50 $ 4.13
Shares used in diluted per share calculations (in shares) 24,882 25,106 25,028 25,177
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.29 $ 0.27 $ 0.56 $ 0.52
New vehicle        
Revenues:        
Total revenues $ 1,726,803 $ 1,384,055 $ 3,181,528 $ 2,594,359
Cost of sales:        
Total cost of sales 1,625,309 1,303,516 2,993,087 2,443,702
Used vehicle retail        
Revenues:        
Total revenues 804,098 633,635 1,519,672 1,235,858
Cost of sales:        
Total cost of sales 716,997 559,129 1,358,960 1,092,569
Used vehicle wholesale        
Revenues:        
Total revenues 85,335 69,512 161,290 141,015
Cost of sales:        
Total cost of sales 83,409 67,800 158,438 137,786
Finance and insurance        
Revenues:        
Total revenues 114,492 94,851 220,997 181,628
Service, body and parts        
Revenues:        
Total revenues 311,407 246,005 597,104 478,579
Cost of sales:        
Total cost of sales 157,700 123,525 304,989 242,905
Fleet and other        
Revenues:        
Total revenues 54,402 38,978 75,625 71,698
Cost of sales:        
Total cost of sales $ 52,395 $ 37,795 $ 71,904 $ 69,252