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Segement Information Segment Information
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
As of September 30, 2014, the Company had three reportable segments: (1) the U.S., (2) the U.K., and (3) Brazil. Each of the reportable segments is comprised of retail automotive franchises, which sell new vehicles, used vehicles, parts and automotive services, finance and insurance products, and collision centers. The vast majority of the Company's corporate activities are associated with the operations of the U.S. operating segments and therefore the corporate financial results are included within the U.S. reportable segment.
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 its chief operating decision maker to allocate resources and assess performance. The Company's chief operating decision maker is its Chief Executive Officer. Reportable segment revenue, income (loss) before income taxes, provision for income taxes and net income (loss) were as follows for the three and nine months ended September 30, 2014 and 2013:
 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2014
 
U.S.
 
U.K.
 
Brazil
 
Total
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
Total revenues
$
2,175,605

 
$
252,201

 
$
198,642

 
$
2,626,448

 
$
6,070,827

 
$
751,226

 
$
576,896

 
$
7,398,949

Income (loss) before income taxes
43,146

 
5,840

 
(5,117
)
 
43,869

 
123,474

 
15,974

 
(8,172
)
 
131,276

(Provision) benefit for income taxes
(20,375
)
 
(1,159
)
 
3,827

 
(17,707
)
 
(57,439
)
 
(2,814
)
 
3,304

 
(56,949
)
Net income (loss) (1)
22,771

 
4,681

 
(1,290
)
 
26,162

 
66,035

 
13,160

 
(4,868
)
 
74,327

(1) Includes the following, after tax: loss due to extinguishment of long-term debt of $17.9 million and $38.7 million for the three and nine months ended September 30, 2014, respectively, in the U.S. segment; asset impairment charges of $2.6 million and $3.6 million for the three and nine months ended September 30, 2014, respectively, in the U.S. segment, and $4.0 million for the three and nine months ended September 30, 2014, in the Brazil segment; gain on real estate and dealership transactions of $8.6 million and $8.9 million for the three and nine months ended September 30, 2014, respectively, in the U.S. segment; and the tax benefit of deductible goodwill of $3.4 million for the three and nine months ended September 30, 2014 in the Brazil segment.
 
Three Months Ended September 30, 2013
 
Nine Months Ended September 30, 2013
 
U.S.
 
U.K.
 
Brazil
 
Total
 
U.S.
 
U.K.
 
Brazil (3)
 
Total
 
(In thousands)
Total revenues
$
1,889,378

 
$
234,914

 
$
215,855

 
$
2,340,147

 
$
5,492,819

 
$
613,428

 
$
532,842

 
$
6,639,089

Income before income taxes
47,332

 
4,514

 
434

 
52,280

 
139,111

 
10,355

 
2,241

 
151,707

Provision for income taxes
(18,369
)
 
(907
)
 
(239
)
 
(19,515
)
 
(56,475
)
 
(2,260
)
 
(701
)
 
(59,436
)
Net income (2)
28,963

 
3,607

 
195

 
32,765

 
82,636

 
8,095

 
1,540

 
92,271

(2) Includes the following, after tax: loss due to catastrophic events of $0.2 million and $7.4 million for the three and nine months ended September 2013, respectively, in the U.S. segment; gain on real estate and dealership transactions of $0.2 million and $5.4 million for the three and nine months ended September 2013, respectively, in the U.S. segment; and acquisition costs of $4.9 million, $0.1 million and $1.3 million in the U.S., U.K. and Brazil segments, respectively, for the nine months ended September 30, 2013.
(3) Represents financial data from date of acquisition on February 28, 2013.
 
As of September 30, 2014
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
Total assets
$
3,362,758

 
$
279,299

 
$
320,452

 
$
3,962,509


 
As of December 31, 2013
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
Total assets
$
3,241,192

 
$
237,960

 
$
340,326

 
$
3,819,478