XML 34 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Information Segment Information
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
As of March 31, 2016, 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 and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. 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.
Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three months ended March 31, 2016 and 2015:
 
Three Months Ended March 31, 2016
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total revenues
$
2,081,632

 
$
431,896

 
$
94,827

 
$
2,608,355

 
Income (loss) before income taxes
50,204

 
5,520

 
(1,622
)
 
54,102

 
(Provision) benefit for income taxes
(18,830
)
 
(1,170
)
 
189

 
(19,811
)
 
Net income (loss)
$
31,374

(1 
) 
$
4,350

 
$
(1,433
)
 
$
34,291

 
 
Three Months Ended March 31, 2015
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total revenues
$
1,998,500

 
$
299,541

 
$
134,813

 
$
2,432,854

 
Income (loss) before income taxes
53,156

 
5,121

 
(805
)
 
57,472

 
Provision for income taxes
(20,361
)
 
(999
)
 
(297
)
 
(21,657
)
 
Net income (loss)
$
32,795

 
$
4,122

 
$
(1,102
)
 
$
35,815

 

(1) Includes the following, after tax: loss due to catastrophic events of $1.7 million.

Reportable segment total assets as of March 31, 2016 and December 31, 2015 were as follows:
 
As of March 31, 2016
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,871,312

 
$
538,473

 
$
124,061

 
$
4,533,846

 

 
As of December 31, 2015
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,923,001

 
$
358,476

 
$
115,239

 
$
4,396,716