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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
New vehicle retail sales $ 1,466,064 $ 1,376,219 $ 2,734,900 $ 2,486,454
Used vehicle retail sales 577,250 534,804 1,127,147 1,006,203
Used vehicle wholesale sales 94,971 83,316 184,144 157,867
Parts and service sales 283,207 260,950 552,524 498,460
Finance, insurance and other, net 90,146 79,821 173,786 149,958
Total revenues 2,511,638 2,335,110 4,772,501 4,298,942
COST OF SALES:        
New vehicle retail sales 1,385,218 1,295,854 2,587,148 2,343,453
Used vehicle retail sales 531,584 491,299 1,038,680 922,422
Used vehicle wholesale sales 93,730 82,804 179,791 154,933
Parts and service sales 131,958 123,879 259,612 236,371
Total cost of sales 2,142,490 1,993,836 4,065,231 3,657,179
GROSS PROFIT 369,148 341,274 707,270 641,763
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (271,970) (251,159) (529,528) (484,592)
DEPRECIATION AND AMORTIZATION EXPENSE (10,753) (8,884) (20,678) (17,297)
Asset Impairment Charges 1,721 609 1,721 609
INCOME FROM OPERATIONS 84,704 80,622 155,343 139,265
OTHER EXPENSE:        
Floorplan interest expense (10,329) (10,873) (21,242) (20,237)
Other interest expense, net (12,567) (9,570) (23,080) (18,812)
Other expense, net 0 0 0 (789)
Gains (Losses) on Extinguishment of Debt (23,614) 0 (23,614) 0
INCOME BEFORE INCOME TAXES 38,194 60,179 87,407 99,427
PROVISION FOR INCOME TAXES (21,332) (22,791) (39,242) (39,921)
NET INCOME $ 16,862 $ 37,388 $ 48,165 $ 59,506
BASIC EARNINGS PER SHARE $ 0.70 $ 1.53 $ 1.98 $ 2.49
Weighted average common shares outstanding 23,298 23,315 23,318 22,796
DILUTED EARNINGS PER SHARE $ 0.62 $ 1.43 $ 1.80 $ 2.32
Weighted average common shares outstanding 26,242 24,980 25,837 24,544
CASH DIVIDENDS PER COMMON SHARE $ 0.17 $ 0.16 $ 0.34 $ 0.31