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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
New vehicle retail sales $ 1,409,851 $ 1,332,724
Used vehicle retail sales 688,171 623,193
Used vehicle wholesale sales 101,592 100,192
Parts and service sales 308,592 282,189
Finance, insurance and other, net 100,149 94,556
Total revenues 2,608,355 2,432,854
COST OF SALES:    
New vehicle retail sales 1,338,124 1,262,993
Used vehicle retail sales 638,971 577,072
Used vehicle wholesale sales 100,143 97,513
Parts and service sales 142,016 131,392
Total cost of sales 2,219,254 2,068,970
GROSS PROFIT 389,101 363,884
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 293,664 271,469
DEPRECIATION AND AMORTIZATION EXPENSE 12,464 11,684
ASSET IMPAIRMENTS 932 0
INCOME FROM OPERATIONS 82,041 80,731
OTHER EXPENSE:    
Floorplan interest expense (11,010) (9,348)
Other interest expense, net (16,929) (13,911)
Loss on extinguishment of long-term debt   0
INCOME BEFORE INCOME TAXES 54,102 57,472
PROVISION FOR INCOME TAXES (19,811) (21,657)
NET INCOME $ 34,291 $ 35,815
BASIC EARNINGS PER SHARE $ 1.47 $ 1.47
Weighted average common shares outstanding 22,448 23,443
DILUTED EARNINGS PER SHARE $ 1.47 $ 1.47
Weighted average common shares outstanding 22,453 23,446
CASH DIVIDENDS PER COMMON SHARE $ 0.22 $ 0.20