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Consolidated Statements of Operations - Business Segments [Domain] - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
New vehicle retail sales $ 1,534,262 $ 1,466,064 $ 2,866,986 $ 2,734,900
Used vehicle retail sales 682,294 577,250 1,305,487 1,127,147
Used vehicle wholesale sales 101,512 94,971 201,704 184,144
Parts and service sales 303,193 283,207 585,382 552,524
Financial Services Revenue 105,219 90,146 199,775 173,786
Total revenues 2,726,480 2,511,638 5,159,334 4,772,501
COST OF SALES:        
New vehicle retail sales 1,458,132 1,385,218 2,721,125 2,587,148
Used vehicle retail sales 636,235 531,584 1,213,307 1,038,680
Used vehicle wholesale sales 102,445 93,730 199,958 179,791
Parts and service sales 138,095 131,958 269,487 259,612
Total cost of sales 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 EXPENSES (280,568) (271,970) (552,037) (529,528)
DEPRECIATION AND AMORTIZATION EXPENSE (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
OTHER EXPENSE:        
Floorplan interest expense (10,015) (10,329) (19,362) (21,242)
Other interest expense, net (14,228) (12,567) (28,139) (23,080)
Gains (Losses) on Extinguishment of Debt 0 (23,614) 0 (23,614)
INCOME BEFORE INCOME TAXES 73,777 38,194 131,250 87,407
PROVISION FOR INCOME TAXES (27,467) (21,332) (49,126) (39,242)
NET INCOME $ 46,310 $ 16,862 $ 82,124 $ 48,165
BASIC EARNINGS PER SHARE $ 1.91 $ 0.70 $ 3.38 $ 1.98
Weighted average common shares outstanding 23,312 23,298 23,377 23,318
DILUTED EARNINGS PER SHARE $ 1.91 $ 0.62 $ 3.38 $ 1.80
Weighted average common shares outstanding 23,315 26,242 23,380 25,837
CASH DIVIDENDS PER COMMON SHARE $ 0.20 $ 0.17 $ 0.40 $ 0.34