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Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION At December 31, 2015, 2014, and 2013, we had three reportable segments: (1) Domestic, (2) Import, and (3) Premium Luxury. Our Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and FCA US (formerly Chrysler). Our Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan. Our Premium Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, and Audi. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products. “Corporate and other” is comprised of our other businesses, including collision centers and an auction operation, each of which generates revenues, as well as unallocated corporate overhead expenses and retrospective commissions for certain finance and insurance transactions that we arrange under agreements with third parties. The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker to allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Officer. Reportable segment revenue, segment income, floorplan interest expense, depreciation and amortization, total assets, and capital expenditures are as follows:
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Revenues: |  |  |  |  |
Domestic | $ | 7,069.8 |  |  | $ | 6,359.5 |  |  | $ | 5,835.3 |
Import | 7,037.2 |  |  | 6,717.8 |  |  | 6,375.0 |
Premium Luxury | 6,607.8 |  |  | 5,889.3 |  |  | 5,152.3 |
Total | 20,714.8 |  |  | 18,966.6 |  |  | 17,362.6 |
Corporate and other | 147.2 |  |  | 142.2 |  |  | 155.0 |
Total consolidated revenue | $ | 20,862.0 |  |  | $ | 19,108.8 |  |  | $ | 17,517.6 |
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Segment income(1): |  |  |  |  |
Domestic | $ | 336.9 |  |  | $ | 285.0 |  |  | $ | 246.6 |
Import | 311.4 |  |  | 291.3 |  |  | 280.1 |
Premium Luxury | 376.2 |  |  | 366.1 |  |  | 321.4 |
Total | 1,024.5 |  |  | 942.4 |  |  | 848.1 |
Corporate and other | (209.7 | ) |  | (174.9 | ) |  | (161.2 | )
Other interest expense | (90.9 | ) |  | (86.7 | ) |  | (88.3 | )
Loss on debt extinguishment | — |  |  | (1.6 | ) |  | — |
Interest income | 0.1 |  |  | 0.2 |  |  | 0.2 |
Other income (loss), net | (1.3 | ) |  | 2.9 |  |  | 5.6 |
Income from continuing operations before income taxes | $ | 722.7 |  |  | $ | 682.3 |  |  | $ | 604.4 |
(1) | Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Floorplan interest expense: |  |  |  |  |
Domestic | $ | 24.1 |  |  | $ | 24.4 |  |  | $ | 23.7 |
Import | 15.0 |  |  | 14.5 |  |  | 16.3 |
Premium Luxury | 18.0 |  |  | 13.1 |  |  | 12.6 |
Corporate and other | 1.2 |  |  | 1.3 |  |  | 0.8 |
Total floorplan interest expense | $ | 58.3 |  |  | $ | 53.3 |  |  | $ | 53.4 |
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Depreciation and amortization: |  |  |  |  |
Domestic | $ | 31.0 |  |  | $ | 27.3 |  |  | $ | 25.1 |
Import | 32.9 |  |  | 31.0 |  |  | 28.1 |
Premium Luxury | 35.0 |  |  | 28.3 |  |  | 26.9 |
Corporate and other | 28.5 |  |  | 20.3 |  |  | 15.2 |
Total depreciation and amortization | $ | 127.4 |  |  | $ | 106.9 |  |  | $ | 95.3 |
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Capital expenditures: |  |  |  |  |
Domestic | $ | 61.4 |  |  | $ | 61.7 |  |  | $ | 61.9 |
Import | 34.0 |  |  | 47.0 |  |  | 76.1 |
Premium Luxury | 101.9 |  |  | 68.3 |  |  | 45.5 |
Corporate and other | 69.6 |  |  | 20.8 |  |  | 23.7 |
Total capital expenditures | $ | 266.9 |  |  | $ | 197.8 |  |  | $ | 207.2 |
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Assets: |  |  |  |  |
Domestic | $ | 2,573.9 |  |  | $ | 2,187.3 |  |  | $ | 2,143.1 |
Import | 2,145.2 |  |  | 1,997.7 |  |  | 2,030.4 |
Premium Luxury | 2,554.6 |  |  | 2,051.0 |  |  | 1,633.6 |
Corporate and other: |  |  |  |  |
Goodwill | 1,394.5 |  |  | 1,314.7 |  |  | 1,259.6 |
Franchise rights | 432.4 |  |  | 348.1 |  |  | 329.3 |
Other Corporate and other assets | 457.7 |  |  | 500.9 |  |  | 518.1 |
Total assets | $ | 9,558.3 |  |  | $ | 8,399.7 |  |  | $ | 7,914.1 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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