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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
New vehicle retail sales $ 6,046,075 $ 6,001,306 $ 5,741,619
Used vehicle retail sales 2,757,713 2,638,969 2,324,868
Used vehicle wholesale sales 401,863 397,251 379,143
Parts and service sales 1,261,307 1,186,193 1,125,694
Finance, insurance and other, net 420,654 408,786 366,565
Total revenues 10,887,612 10,632,505 9,937,889
COST OF SALES:      
New vehicle retail sales 5,729,697 5,695,829 5,430,402
Used vehicle retail sales 2,575,234 2,459,499 2,151,346
Used vehicle wholesale sales 406,305 399,171 376,824
Parts and service sales 581,307 544,034 531,379
Total cost of sales 9,292,543 9,098,533 8,489,951
GROSS PROFIT 1,595,069 1,533,972 1,447,938
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,170,763 1,120,833 1,061,964
DEPRECIATION AND AMORTIZATION EXPENSE 51,234 47,239 42,344
ASSET IMPAIRMENTS 32,838 87,562 41,520
INCOME FROM OPERATIONS 340,234 278,338 302,110
OTHER INCOME (EXPENSE):      
Floorplan interest expense (44,927) (39,264) (41,614)
Other interest expense, net (67,936) (56,903) (49,693)
Loss on extinguishment of long-term debt 0 0 (46,403)
INCOME BEFORE INCOME TAXES 227,371 182,171 164,400
Provision for income taxes (80,306) (88,172) (71,396)
NET INCOME $ 147,065 $ 93,999 $ 93,004
BASIC EARNINGS PER SHARE $ 6.67 $ 3.91 $ 3.82
Weighted average common shares outstanding 21,161 23,148 23,380
DILUTED EARNINGS PER SHARE $ 6.67 $ 3.90 $ 3.60
Weighted average common shares outstanding 21,170 23,152 24,885
CASH DIVIDENDS PER COMMON SHARE $ 0.91 $ 0.83 $ 0.70