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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
New vehicle retail sales $ 6,001,306 $ 5,741,619 $ 5,224,921
Used vehicle retail sales 2,638,969 2,324,868 2,039,428
Used vehicle wholesale sales 397,251 379,143 332,185
Parts and service sales 1,186,193 1,125,694 1,010,685
Finance, insurance and other, net 408,786 366,565 311,362
Total revenues 10,632,505 9,937,889 8,918,581
COST OF SALES:      
New vehicle retail sales 5,695,829 5,430,402 4,935,046
Used vehicle retail sales 2,459,499 2,151,346 1,878,549
Used vehicle wholesale sales 399,171 376,824 332,380
Parts and service sales 544,034 531,379 480,060
Total cost of sales 9,098,533 8,489,951 7,626,035
GROSS PROFIT 1,533,972 1,447,938 1,292,546
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,120,833 1,061,964 976,856
DEPRECIATION AND AMORTIZATION EXPENSE 47,239 42,344 35,826
ASSET IMPAIRMENTS 87,562 41,520 6,542
INCOME FROM OPERATIONS 278,338 302,110 273,322
OTHER INCOME (EXPENSE):      
Floorplan interest expense (39,264) (41,614) (41,667)
Other interest expense, net (56,903) (49,693) (38,971)
Other expense, net 0 0 (789)
Loss on extinguishment of long-term debt 0 (46,403) 0
INCOME BEFORE INCOME TAXES 182,171 164,400 191,895
Provision for income taxes (88,172) (71,396) (77,903)
NET INCOME $ 93,999 $ 93,004 $ 113,992
BASIC EARNINGS PER SHARE $ 3.91 $ 3.82 $ 4.72
Weighted average common shares outstanding 23,148 23,380 23,096
DILUTED EARNINGS PER SHARE $ 3.90 $ 3.60 $ 4.32
Weighted average common shares outstanding 23,152 24,885 25,314
CASH DIVIDENDS PER COMMON SHARE $ 0.83 $ 0.70 $ 0.65