XML 70 R59.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Condensed Income Statements, Captions [Line Items]    
REVENUES: $ 2,608,355 $ 2,432,854
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
Floorplan interest expense (11,010) (9,348)
Interest Expense, Other (16,929) (13,911)
Loss on extinguishment of long-term debt   0
INCOME BEFORE INCOME TAXES 54,102 57,472
BENEFIT (PROVISION) FOR INCOME TAXES (19,811) (21,657)
EQUITY IN EARNINGS OF SUBSIDIARIES 0 0
NET INCOME 34,291 35,815
COMPREHENSIVE LOSS (6,872) (35,140)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 27,419 675
Parent Company [Member]    
Condensed Income Statements, Captions [Line Items]    
REVENUES: 0 0
COST OF SALES: 0 0
GROSS PROFIT 0 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,203 1,231
DEPRECIATION AND AMORTIZATION EXPENSE 0 0
ASSET IMPAIRMENTS 0 0
INCOME FROM OPERATIONS (1,203) (1,231)
Floorplan interest expense 0 0
Interest Expense, Other 0 592
Loss on extinguishment of long-term debt   0
INCOME BEFORE INCOME TAXES (1,203) (639)
BENEFIT (PROVISION) FOR INCOME TAXES 450 240
EQUITY IN EARNINGS OF SUBSIDIARIES 35,044 36,214
NET INCOME 34,291 35,815
COMPREHENSIVE LOSS 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 34,291 35,815
Guarantor Subsidiaries [Member]    
Condensed Income Statements, Captions [Line Items]    
REVENUES: 2,081,633 1,998,500
COST OF SALES: 1,748,923 1,684,012
GROSS PROFIT 332,710 314,488
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 243,014 227,472
DEPRECIATION AND AMORTIZATION EXPENSE 10,596 10,118
ASSET IMPAIRMENTS 509 0
INCOME FROM OPERATIONS 78,591 76,898
Floorplan interest expense (10,048) (8,519)
Interest Expense, Other (16,052) (12,723)
Loss on extinguishment of long-term debt   0
INCOME BEFORE INCOME TAXES 52,491 55,656
BENEFIT (PROVISION) FOR INCOME TAXES (19,281) (20,602)
EQUITY IN EARNINGS OF SUBSIDIARIES 0 0
NET INCOME 33,210 35,054
COMPREHENSIVE LOSS (9,027) (4,546)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 24,183 30,508
Non-Guarantor Subsidiaries [Member]    
Condensed Income Statements, Captions [Line Items]    
REVENUES: 526,722 434,354
COST OF SALES: 470,331 384,958
GROSS PROFIT 56,391 49,396
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 49,447 42,766
DEPRECIATION AND AMORTIZATION EXPENSE 1,868 1,566
ASSET IMPAIRMENTS 423 0
INCOME FROM OPERATIONS 4,653 5,064
Floorplan interest expense (962) (829)
Interest Expense, Other (877) (1,780)
Loss on extinguishment of long-term debt   0
INCOME BEFORE INCOME TAXES 2,814 2,455
BENEFIT (PROVISION) FOR INCOME TAXES (980) (1,295)
EQUITY IN EARNINGS OF SUBSIDIARIES 0 0
NET INCOME 1,834 1,160
COMPREHENSIVE LOSS 2,155 (30,594)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 3,989 (29,434)
Consolidation, Eliminations [Member]    
Condensed Income Statements, Captions [Line Items]    
REVENUES: 0 0
COST OF SALES: 0 0
GROSS PROFIT 0 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 0 0
DEPRECIATION AND AMORTIZATION EXPENSE 0 0
ASSET IMPAIRMENTS 0 0
INCOME FROM OPERATIONS 0 0
Floorplan interest expense 0 0
Interest Expense, Other 0 0
Loss on extinguishment of long-term debt   0
INCOME BEFORE INCOME TAXES 0 0
BENEFIT (PROVISION) FOR INCOME TAXES 0 0
EQUITY IN EARNINGS OF SUBSIDIARIES (35,044) (36,214)
NET INCOME (35,044) (36,214)
COMPREHENSIVE LOSS 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT $ (35,044) $ (36,214)