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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