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v3.3.0.814

Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | $ 2,800,569 | $ 2,626,448 | $ 7,959,903 | $ 7,398,949
COST OF SALES: | 2,402,187 | 2,251,739 | 6,806,064 | 6,316,970
GROSS PROFIT | 398,382 | 374,709 | 1,153,839 | 1,081,979
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 289,012 | 264,233 | 841,050 | 793,761
DEPRECIATION AND AMORTIZATION EXPENSE | 11,811 | 10,746 | 35,441 | 31,424
ASSET IMPAIRMENTS | 916 | 9,373 | 1,955 | 11,094
INCOME FROM OPERATIONS | 96,643 | 90,357 | 275,393 | 245,700
Floorplan interest expense | (9,685) | (10,452) | (29,046) | (31,695)
Interest Expense, Other | (13,922) | (13,246) | (42,061) | (36,326)
Loss on extinguishment of long-term debt | 0 | (22,790) | 0 | (46,403)
INCOME BEFORE INCOME TAXES | 73,036 | 43,869 | 204,286 | 131,276
BENEFIT (PROVISION) FOR INCOME TAXES | (27,775) | (17,707) | (76,901) | (56,949)
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0 | 0 | 0
NET INCOME | 45,261 | 26,162 | 127,385 | 74,327
COMPREHENSIVE LOSS | (42,465) | (19,572) | (63,821) | (7,823)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 2,796 | 6,590 | 63,564 | 66,504
Parent Company [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 0 | 0 | 0 | 0
COST OF SALES: | 0 | 0 | 0 | 0
GROSS PROFIT | 0 | 0 | 0 | 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 555 | 559 | 2,612 | 2,315
DEPRECIATION AND AMORTIZATION EXPENSE | 0 | 0 | 0 | 0
ASSET IMPAIRMENTS | 0 | 0 | 0 | 0
INCOME FROM OPERATIONS | (555) | (559) | (2,612) | (2,315)
Floorplan interest expense | 0 | 0 | 0 | 0
Interest Expense, Other | 648 | 567 | 1,845 | 1,696
Loss on extinguishment of long-term debt |  | 0 |  | 0
INCOME BEFORE INCOME TAXES | 93 | 8 | (767) | (619)
BENEFIT (PROVISION) FOR INCOME TAXES | (35) | (3) | 288 | 232
EQUITY IN EARNINGS OF SUBSIDIARIES | 45,203 | 26,157 | 127,864 | 74,714
NET INCOME | 45,261 | 26,162 | 127,385 | 74,327
COMPREHENSIVE LOSS | 0 | 0 | 0 | 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 45,261 | 26,162 | 127,385 | 74,327
Guarantor Subsidiaries [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 2,343,567 | 2,175,604 | 6,629,514 | 6,070,827
COST OF SALES: | 1,995,252 | 1,853,668 | 5,624,527 | 5,142,382
GROSS PROFIT | 348,315 | 321,936 | 1,004,987 | 928,445
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 247,054 | 220,142 | 712,265 | 660,321
DEPRECIATION AND AMORTIZATION EXPENSE | 10,372 | 9,296 | 30,847 | 27,232
ASSET IMPAIRMENTS | 204 | 4,252 | 702 | 5,973
INCOME FROM OPERATIONS | 90,685 | 88,246 | 261,173 | 234,919
Floorplan interest expense | (8,963) | (8,544) | (26,439) | (25,489)
Interest Expense, Other | (12,738) | (12,264) | (38,534) | (34,326)
Loss on extinguishment of long-term debt |  | (22,790) |  | (46,403)
INCOME BEFORE INCOME TAXES | 68,984 | 44,648 | 196,200 | 128,701
BENEFIT (PROVISION) FOR INCOME TAXES | (26,398) | (20,372) | (73,375) | (57,672)
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0 | 0 | 0
NET INCOME | 42,586 | 24,276 | 122,825 | 71,029
COMPREHENSIVE LOSS | (6,158) | 2,366 | (6,919) | (494)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 36,428 | 26,642 | 115,906 | 70,535
Non-Guarantor Subsidiaries [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 457,002 | 450,844 | 1,330,389 | 1,328,122
COST OF SALES: | 406,935 | 398,071 | 1,181,537 | 1,174,588
GROSS PROFIT | 50,067 | 52,773 | 148,852 | 153,534
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 41,403 | 43,532 | 126,173 | 131,125
DEPRECIATION AND AMORTIZATION EXPENSE | 1,439 | 1,450 | 4,594 | 4,192
ASSET IMPAIRMENTS | 712 | 5,121 | 1,253 | 5,121
INCOME FROM OPERATIONS | 6,513 | 2,670 | 16,832 | 13,096
Floorplan interest expense | (722) | (1,908) | (2,607) | (6,206)
Interest Expense, Other | (1,832) | (1,549) | (5,372) | (3,696)
Loss on extinguishment of long-term debt |  | 0 |  | 0
INCOME BEFORE INCOME TAXES | 3,959 | (787) | 8,853 | 3,194
BENEFIT (PROVISION) FOR INCOME TAXES | (1,342) | 2,668 | (3,814) | 491
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0 | 0 | 0
NET INCOME | 2,617 | 1,881 | 5,039 | 3,685
COMPREHENSIVE LOSS | (36,307) | (21,938) | (56,902) | (7,329)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | (33,690) | (20,057) | (51,863) | (3,644)
Consolidation, Eliminations [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 0 | 0 | 0 | 0
COST OF SALES: | 0 | 0 | 0 | 0
GROSS PROFIT | 0 | 0 | 0 | 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 0 | 0 | 0 | 0
DEPRECIATION AND AMORTIZATION EXPENSE | 0 | 0 | 0 | 0
ASSET IMPAIRMENTS | 0 | 0 | 0 | 0
INCOME FROM OPERATIONS | 0 | 0 | 0 | 0
Floorplan interest expense | 0 | 0 | 0 | 0
Interest Expense, Other | 0 | 0 | 0 | 0
Loss on extinguishment of long-term debt |  | 0 |  | 0
INCOME BEFORE INCOME TAXES | 0 | 0 | 0 | 0
BENEFIT (PROVISION) FOR INCOME TAXES | 0 | 0 | 0 | 0
EQUITY IN EARNINGS OF SUBSIDIARIES | (45,203) | (26,157) | (127,864) | (74,714)
NET INCOME | (45,203) | (26,157) | (127,864) | (74,714)
COMPREHENSIVE LOSS | 0 | 0 | 0 | 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ (45,203) | $ (26,157) | $ (127,864) | $ (74,714)

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