XML 67 R63.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Revenues | $ 2,726,480 | $ 2,511,638 | $ 5,159,334 | $ 4,772,501
Cost of Goods and Services Sold | 2,334,907 | 2,142,490 | 4,403,877 | 4,065,231
GROSS PROFIT | 391,573 | 369,148 | 755,457 | 707,270
Selling, General and Administrative Expense | 280,568 | 271,970 | 552,037 | 529,528
Depreciation, Depletion and Amortization | 11,946 | 10,753 | 23,630 | 20,678
Asset Impairment Charges | 1,039 | 1,721 | 1,039 | 1,721
INCOME FROM OPERATIONS | 98,020 | 84,704 | 178,751 | 155,343
Floor Plan Interest Expense | (10,015) | (10,329) | (19,362) | (21,242)
Interest Expense, Other | (14,228) | (12,567) | (28,139) | (23,080)
INCOME BEFORE INCOME TAXES | 73,777 | 38,194 | 131,250 | 87,407
Income Tax Expense (Benefit) | (27,467) | (21,332) | (49,126) | (39,242)
Income (Loss) from Subsidiaries, Net of Tax | 0 | 0 | 0 | 0
NET INCOME | 46,310 | 16,862 | 82,124 | 48,165
Other Comprehensive Income (Loss), Net of Tax | 13,783 | 4,315 | (21,357) | 11,749
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 60,093 | 21,177 | 60,767 | 59,914
Gains (Losses) on Extinguishment of Debt | 0 | (23,614) | 0 | (23,614)
Parent Company [Member] |  |  |  |
Revenues | 0 | 0 | 0 | 0
Cost of Goods and Services Sold | 0 | 0 | 0 | 0
GROSS PROFIT | 0 | 0 | 0 | 0
Selling, General and Administrative Expense | 848 | 914 | 2,079 | 1,756
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 0
Asset Impairment Charges | 0 | 0 | 0 | 0
INCOME FROM OPERATIONS | (848) | (914) | (2,079) | (1,756)
Floor Plan Interest Expense | 0 | 0 | 0 | 0
Interest Expense, Other | 605 | 564 | 1,197 | 1,129
INCOME BEFORE INCOME TAXES | (243) | (350) | (882) | (627)
Income Tax Expense (Benefit) | 92 | 132 | 331 | 235
Income (Loss) from Subsidiaries, Net of Tax | 46,461 | 17,080 | 82,675 | 48,557
NET INCOME | 46,310 | 16,862 | 82,124 | 48,165
Other Comprehensive Income (Loss), Net of Tax | 0 | 0 | 0 | 0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 46,310 | 16,862 | 82,124 | 48,165
Gains (Losses) on Extinguishment of Debt |  | 0 |  | 0
Guarantor Subsidiaries [Member] |  |  |  |
Revenues | 2,287,447 | 2,060,596 | 4,285,947 | 3,895,223
Cost of Goods and Services Sold | 1,945,263 | 1,743,819 | 3,629,275 | 3,288,714
GROSS PROFIT | 342,184 | 316,777 | 656,672 | 606,509
Selling, General and Administrative Expense | 237,716 | 225,521 | 465,188 | 440,179
Depreciation, Depletion and Amortization | 10,357 | 9,310 | 20,475 | 17,936
Asset Impairment Charges | 498 | 1,721 | 498 | 1,721
INCOME FROM OPERATIONS | 93,613 | 80,225 | 170,511 | 146,673
Floor Plan Interest Expense | (8,959) | (8,360) | (17,477) | (16,944)
Interest Expense, Other | (13,073) | (11,798) | (25,796) | (22,062)
INCOME BEFORE INCOME TAXES | 71,581 | 36,453 | 127,238 | 84,053
Income Tax Expense (Benefit) | (26,382) | (20,369) | (46,985) | (37,300)
Income (Loss) from Subsidiaries, Net of Tax | 0 | 0 | 0 | 0
NET INCOME | 45,199 | 16,084 | 80,253 | 46,753
Other Comprehensive Income (Loss), Net of Tax | 3,784 | (2,080) | (762) | (2,860)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 48,983 | 14,004 | 79,491 | 43,893
Gains (Losses) on Extinguishment of Debt |  | (23,614) |  | (23,614)
Non-Guarantor Subsidiaries [Member] |  |  |  |
Revenues | 439,033 | 451,042 | 873,387 | 877,278
Cost of Goods and Services Sold | 389,644 | 398,671 | 774,602 | 776,517
GROSS PROFIT | 49,389 | 52,371 | 98,785 | 100,761
Selling, General and Administrative Expense | 42,004 | 45,535 | 84,770 | 87,593
Depreciation, Depletion and Amortization | 1,589 | 1,443 | 3,155 | 2,742
Asset Impairment Charges | 541 | 0 | 541 | 0
INCOME FROM OPERATIONS | 5,255 | 5,393 | 10,319 | 10,426
Floor Plan Interest Expense | (1,056) | (1,969) | (1,885) | (4,298)
Interest Expense, Other | (1,760) | (1,333) | (3,540) | (2,147)
INCOME BEFORE INCOME TAXES | 2,439 | 2,091 | 4,894 | 3,981
Income Tax Expense (Benefit) | (1,177) | (1,095) | (2,472) | (2,177)
Income (Loss) from Subsidiaries, Net of Tax | 0 | 0 | 0 | 0
NET INCOME | 1,262 | 996 | 2,422 | 1,804
Other Comprehensive Income (Loss), Net of Tax | 9,999 | 6,395 | (20,595) | 14,609
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 11,261 | 7,391 | (18,173) | 16,413
Gains (Losses) on Extinguishment of Debt |  | 0 |  | 0
Consolidation, Eliminations [Member] |  |  |  |
Revenues | 0 | 0 | 0 | 0
Cost of Goods and Services Sold | 0 | 0 | 0 | 0
GROSS PROFIT | 0 | 0 | 0 | 0
Selling, General and Administrative Expense | 0 | 0 | 0 | 0
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 0
Asset Impairment Charges | 0 | 0 | 0 | 0
INCOME FROM OPERATIONS | 0 | 0 | 0 | 0
Floor Plan Interest Expense | 0 | 0 | 0 | 0
Interest Expense, Other | 0 | 0 | 0 | 0
INCOME BEFORE INCOME TAXES | 0 | 0 | 0 | 0
Income Tax Expense (Benefit) | 0 | 0 | 0 | 0
Income (Loss) from Subsidiaries, Net of Tax | (46,461) | (17,080) | (82,675) | (48,557)
NET INCOME | (46,461) | (17,080) | (82,675) | (48,557)
Other Comprehensive Income (Loss), Net of Tax | 0 | 0 | 0 | 0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $ (46,461) | (17,080) | $ (82,675) | (48,557)
Gains (Losses) on Extinguishment of Debt |  | $ 0 |  | $ 0

X
- Definition Interest expense incurred on borrowings under the floorplan line of the credit facility and arrangements with vehicle manufacturer affiliates for the financing of specific new, used and rental vehicle inventory. Interest expense also includes the net impact of interest rate swap settlements during the period, which are designed to hedge exposure to variable interest rates. + References No definition available. + Details
Name: | gpi_FloorPlanInterestExpense
Namespace Prefix: | gpi_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824106&loc=d3e2420-110228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 + Details
Name: | us-gaap_AssetImpairmentCharges
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=51664549&loc=SL4569616-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591552-111686 + Details
Name: | us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_CostOfGoodsAndServicesSold
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationDepletionAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12317-112629 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12355-112629 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1,2) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_GrossProfit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. + References Reference 1: 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.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. + References No definition available. + Details
Name: | us-gaap_IncomeLossFromSubsidiariesNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 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.(h)) -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 -Glossary Income Tax Expense (or Benefit) -URI http://asc.fasb.org/extlink&oid=6515339 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4D -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624177-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph -4 -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestExpenseOther
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669625-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=51821188&loc=d3e1436-108581 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -SubTopic 10 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=51677171&loc=d3e3636-108311 + Details
Name: | us-gaap_SellingGeneralAndAdministrativeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | gpi_CondensedconsolidatedfinancialinformationentitiesAxis=us-gaap_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | gpi_CondensedconsolidatedfinancialinformationentitiesAxis=us-gaap_GuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | gpi_CondensedconsolidatedfinancialinformationentitiesAxis=us-gaap_NonGuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | gpi_CondensedconsolidatedfinancialinformationentitiesAxis=us-gaap_ConsolidationEliminationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |