XML 59 R23.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segment Information Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2015
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION As of June 30, 2015, 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 six months ended June 30, 2015 and 2014:
| Three Months Ended June 30, 2015 |  |  | Six Months Ended June 30, 2015
| U.S. |  | U.K. |  | Brazil |  | Total |  |  | U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands) |  |  | (In thousands)
Total revenues | $ | 2,287,446 |  |  | $ | 308,167 |  |  | $ | 130,867 |  |  | $ | 2,726,480 |  |  |  | $ | 4,285,946 |  |  | $ | 607,708 |  |  | $ | 265,680 |  |  | $ | 5,159,334 |
Income (loss) before income taxes | 69,431 |  |  | 4,831 |  |  | (485 | ) |  | 73,777 |  |  |  | 122,589 |  |  | 9,951 |  |  | (1,290 | ) |  | 131,250 |
Provision for income taxes | (26,288 | ) |  | (1,010 | ) |  | (169 | ) |  | (27,467 | ) |  |  | (46,651 | ) |  | (2,009 | ) |  | (466 | ) |  | (49,126 | )
Net income (loss) | 43,143 |  |  | 3,821 |  |  | (654 | ) |  | 46,310 |  |  |  | 75,938 |  |  | 7,942 |  |  | (1,756 | ) |  | 82,124 |
| Three Months Ended June 30, 2014 |  |  | Six Months Ended June 30, 2014
| U.S. |  | U.K. |  | Brazil |  | Total |  |  | U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands) |  |  | (In thousands)
Total revenues | $ | 2,060,596 |  |  | $ | 251,324 |  |  | $ | 199,718 |  |  | $ | 2,511,638 |  |  |  | $ | 3,895,222 |  |  | $ | 499,025 |  |  | $ | 378,254 |  |  | $ | 4,772,501 |
Income (loss) before income taxes | 34,466 |  | (1 | ) | 5,517 |  |  | (1,789 | ) |  | 38,194 |  |  |  | 80,328 |  | (1 | ) | 10,134 |  |  | (3,055 | ) |  | 87,407 |
Provision for income taxes | (20,235 | ) |  | (691 | ) |  | (406 | ) |  | (21,332 | ) |  |  | (37,063 | ) |  | (1,656 | ) |  | (523 | ) |  | (39,242 | )
Net income (loss) | 14,231 |  | (1 | ) | 4,826 |  |  | (2,195 | ) |  | 16,862 |  |  |  | 43,265 |  | (1 | ) | 8,478 |  |  | (3,578 | ) |  | 48,165 |
(1) Includes pre-tax loss on extinguishment of long-term debt of $23.6 million. Reportable segment total assets as of June 30, 2015 and December 31, 2014 were as follows:
| As of June 30, 2015
| U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands)
Total assets | $ | 3,692,960 |  |  | $ | 366,318 |  |  | $ | 243,696 |  |  | $ | 4,302,974 |
| As of December 31, 2014
| U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands)
Total assets | $ | 3,529,643 |  |  | $ | 327,644 |  |  | $ | 284,205 |  |  | $ | 4,141,492 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration