XML 36 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Long-Term Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2014
Debt Instrument [Line Items] |
Summary of long-term debt | The Company carries its long-term debt at face value, net of applicable discounts. Long-term debt consisted of the following:
|  | June 30, 2014 |  | December 31, 2013
|  | (dollars in thousands)
2.25% Convertible Senior Notes |  | $ | 164,556 |  |  | $ | 160,334 |
3.00% Convertible Senior Notes |  | 16,907 |  |  | 84,305 |
Real Estate Credit Facility |  | 66,316 |  |  | 67,719 |
5.00% Senior Notes |  | 344,796 |  |  | — |
Acquisition Line |  | 20,457 |  |  | 60,000 |
Other Real Estate Related and Long-Term Debt |  | 307,738 |  |  | 279,167 |
Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 10.6% |  | 48,321 |  |  | 47,553 |
|  | 969,091 |  |  | 699,078 |
Less current maturities of real estate credit facility and other long-term debt |  | 30,516 |  |  | 35,389 |
|  | $ | 938,575 |  |  | $ | 663,689 |
2.25% Convertible Notes [Member] |
Debt Instrument [Line Items] |
Summary of long-term debt | As of June 30, 2014 and December 31, 2013, the carrying value of the Company's 2.25% Convertible Senior Notes due 2036 (“2.25% Notes”), related discount and equity component consisted of the following:
|  | June 30, 2014 |  | December 31, 2013
|  | (In thousands)
Carrying amount of equity component (including temporary equity) |  | $ | 65,270 |  |  | $ | 65,270 |
Allocated underwriter fees, net of taxes |  | (1,475 | ) |  | (1,475 | )
Allocated debt issuance cost, net of taxes |  | (58 | ) |  | (58 | )
Total net equity component |  | $ | 63,737 |  |  | $ | 63,737 |
Deferred income tax component |  | $ | 6,524 |  |  | $ | 8,023 |
Principal amount of 2.25% Notes |  | $ | 182,753 |  |  | $ | 182,753 |
Unamortized discount |  | (17,511 | ) |  | (21,574 | )
Unamortized underwriter fees |  | (686 | ) |  | (845 | )
Net carrying amount of liability component |  | $ | 164,556 |  |  | $ | 160,334 |
Unamortized debt issuance cost |  | $ | 27 |  |  | $ | 33 |
Contractual interest expense and the discount amortization | For the six months ended June 30, 2014 and 2013, the contractual interest expense and the discount amortization, which is recorded as other interest expense in the accompanying Consolidated Statements of Operations, were as follows:
|  | Six Months Ended June 30,
|  | 2014 |  | 2013
|  | (dollars in thousands)
Year-to-date contractual interest expense |  | $ | 2,056 |  |  | $ | 2,056 |
Year-to-date discount amortization (1) |  | $ | 3,998 |  |  | $ | 3,689 |
Effective interest rate of liability component |  | 7.7 | % |  | 7.7 | %
(1) Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.
3.00% Convertible Notes [Member] |
Debt Instrument [Line Items] |
Summary of long-term debt | As of June 30, 2014 and December 31, 2013, the carrying value of the 3.00% Notes, related discount and equity component consisted of the following
|  | June 30, 2014 |  | December 31, 2013
|  | (In thousands)
Carrying amount of equity component (including temporary equity) |  | $ | 4,973 |  |  | $ | 25,359 |
Allocated underwriter fees, net of taxes |  | (149 | ) |  | (760 | )
Allocated debt issuance cost, net of taxes |  | (22 | ) |  | (112 | )
Total net equity component |  | $ | 4,802 |  |  | $ | 24,487 |
Deferred income tax component |  | $ | 1,936 |  |  | $ | 10,625 |
Principal amount of 3.00% Notes |  | $ | 22,550 |  |  | $ | 115,000 |
Unamortized discount |  | (5,348 | ) |  | (29,094 | )
Unamortized underwriter fees |  | (295 | ) |  | (1,601 | )
Net carrying amount of liability component |  | $ | 16,907 |  |  | $ | 84,305 |
Unamortized debt issuance costs |  | $ | 44 |  |  | $ | 236 |
Contractual interest expense and the discount amortization | For the six months ended June 30, 2014 and 2013, the contractual interest expense and the discount amortization, which is recorded as interest expense in the accompanying Consolidated Statements of Operations, were as follows:
|  | Six Months Ended June 30,
|  | 2014 |  | 2013
|  | (dollars in thousands)
Year-to-date contractual interest expense |  | $ | 1,679 |  |  | $ | 1,725 |
Year-to-date discount amortization (1) |  | $ | 1,693 |  |  | $ | 1,588 |
Effective interest rate of liability component |  | 8.6 | % |  | 8.6 | %
(1) Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.

X
- Definition Contractual interest expense and discount amortization. + References No definition available. + Details
Name: | gpi_ContractualInterestExpenseAndDiscountAmortizationTableTextBlock
Namespace Prefix: | gpi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration