XML 68 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts | 9 Months Ended
--- | ---
Sep. 30, 2014
Balance Sheet Accounts [Abstract] |
Detail Of Certain Balance Sheet Accounts | DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS Accounts and notes receivable consisted of the following:
|  | September 30, 2014 |  | December 31, 2013
|  | (unaudited) |  |
|  | (In thousands)
Amounts due from manufacturers |  | $ | 77,374 |  |  | $ | 78,131 |
Parts and service receivables |  | 34,769 |  |  | 31,950 |
Finance and insurance receivables |  | 18,208 |  |  | 19,283 |
Other |  | 11,183 |  |  | 8,099 |
Total accounts and notes receivable |  | 141,534 |  |  | 137,463 |
Less allowance for doubtful accounts |  | 2,799 |  |  | 2,405 |
Accounts and notes receivable, net |  | $ | 138,735 |  |  | $ | 135,058 |
Inventories consisted of the following:
|  | September 30, 2014 |  | December 31, 2013
|  | (unaudited) |  |
|  | (In thousands)
New vehicles |  | $ | 1,085,469 |  |  | $ | 1,165,335 |
Used vehicles |  | 250,338 |  |  | 231,960 |
Rental vehicles |  | 97,602 |  |  | 88,523 |
Parts, accessories and other |  | 64,136 |  |  | 64,156 |
Total inventories |  | 1,497,545 |  |  | 1,549,974 |
Less lower of cost or market reserves |  | 7,025 |  |  | 7,656 |
Inventories, net |  | $ | 1,490,520 |  |  | $ | 1,542,318 |
New and used vehicles are valued at the lower of specific cost or market and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost or market determined on either a first-in, first-out basis or on an average cost basis. Property and equipment consisted of the following:
|  | Estimated Useful Lives in Years |  | September 30, 2014 |  | December 31, 2013
|  | (unaudited)
|  |  |  | (dollars in thousands)
Land |  | — |  | $ | 294,475 |  |  | $ | 269,778 |
Buildings |  | 30 to 40 |  | 428,784 |  |  | 405,918 |
Leasehold improvements |  | varies |  | 128,887 |  |  | 120,531 |
Machinery and equipment |  | 7 to 20 |  | 85,420 |  |  | 79,209 |
Furniture and fixtures |  | 3 to 10 |  | 76,162 |  |  | 70,918 |
Company vehicles |  | 3 to 5 |  | 10,517 |  |  | 8,508 |
Construction in progress |  | — |  | 31,803 |  |  | 19,224 |
Total |  |  |  | 1,056,048 |  |  | 974,086 |
Less accumulated depreciation |  |  |  | 196,709 |  |  | 177,730 |
Property and equipment, net |  |  |  | $ | 859,339 |  |  | $ | 796,356 |
During the nine months ended September 30, 2014, the Company incurred $59.7 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company’s dealerships and facilities, including $2.8 million relative to facilities that were subsequently disposed during 2014. In addition, the Company purchased real estate (including land and buildings) during the nine months ended September 30, 2014 associated with existing dealership operations totaling $23.8 million. And, in conjunction with the acquisition of dealerships and franchises in the nine months ended September 30, 2014, the Company acquired $47.0 million of real estate and other property and equipment. As of September 30, 2014, the Company determined that certain dealerships and the associated real estate qualified as held-for-sale. As a result, the Company classified the carrying value of the asset disposal group real estate and other fixed assets totaling $8.1 million in prepaid and other current assets in its Consolidated Balance Sheet. In addition, during the three months ended September 30, 2014, the Company sold three of its dealership facilities that qualified as a held-for-sale assets as of June 30, 2014 for $129.0 million. The Company realized a $16.7 million pre-tax gain from the sale of these held-for-sale assets.

X
- Details
Name: | gpi_BalanceSheetAccountsAbstract
Namespace Prefix: | gpi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Detail of certain balance sheet accounts. + References No definition available. + Details
Name: | gpi_DetailOfCertainBalanceSheetAccountsTextBlock
Namespace Prefix: | gpi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration