XML 103 R88.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Condensed Income Statements, Captions [Line Items]                      
REVENUES: $ 2,673,632 $ 2,823,176 $ 2,782,449 $ 2,608,355 $ 2,672,602 $ 2,800,569 $ 2,726,480 $ 2,432,854 $ 10,887,612 $ 10,632,505 $ 9,937,889
COST OF SALES:                 9,292,543 9,098,533 8,489,951
GROSS PROFIT 389,181 406,668 410,119 389,101 380,133 398,382 391,573 $ 363,884 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                 51,234 47,239 42,344
ASSET IMPAIRMENTS $ 20,000 $ 10,900 $ 1,000 $ 900 $ 85,700 $ 900 $ 1,000   32,838 87,562 41,520
INCOME (LOSS) FROM OPERATIONS                 340,234 278,338 302,110
Floorplan interest expense                 (44,927) (39,264) (41,614)
Interest Expense, Other                 (67,936) (56,903) (49,693)
Gains (Losses) on Extinguishment of Debt                 0 0 (46,403)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES                 227,371 182,171 164,400
BENEFIT (PROVISION) FOR INCOME TAXES                 (80,306) (88,172) (71,396)
EQUITY IN EARNINGS OF SUBSIDIARIES                 0 0 0
NET INCOME                 147,065 93,999 93,004
COMPREHENSIVE LOSS                 (8,960) (56,000) (30,307)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT                 138,105 37,999 62,697
Consolidation, Eliminations [Member]                      
Condensed Income Statements, Captions [Line Items]                      
REVENUES:                 0 0 0
COST OF SALES:                 0 0 0
GROSS PROFIT                 0 0 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES                 0 0 0
Depreciation and amortization                 0 0 0
ASSET IMPAIRMENTS                 0 0 0
INCOME (LOSS) FROM OPERATIONS                 0 0 0
Floorplan interest expense                 0 0 0
Interest Expense, Other                 0 0 0
Gains (Losses) on Extinguishment of Debt                     0
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES                 0 0 0
BENEFIT (PROVISION) FOR INCOME TAXES                 0 0 0
EQUITY IN EARNINGS OF SUBSIDIARIES                 (148,767) (94,439) (93,332)
NET INCOME                 (148,767) (94,439) (93,332)
COMPREHENSIVE LOSS                 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT                 (148,767) (94,439) (93,332)
Parent Company [Member]                      
Condensed Income Statements, Captions [Line Items]                      
REVENUES:                 0 0 0
COST OF SALES:                 0 0 0
GROSS PROFIT                 0 0 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES                 2,722 3,024 2,796
Depreciation and amortization                 0 0 0
ASSET IMPAIRMENTS                 0 0 0
INCOME (LOSS) FROM OPERATIONS                 (2,722) (3,024) (2,796)
Floorplan interest expense                 0 0 0
Interest Expense, Other                 0 2,320 2,272
Gains (Losses) on Extinguishment of Debt                     0
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES                 (2,722) (704) (524)
BENEFIT (PROVISION) FOR INCOME TAXES                 1,020 264 196
EQUITY IN EARNINGS OF SUBSIDIARIES                 148,767 94,439 93,332
NET INCOME                 147,065 93,999 93,004
COMPREHENSIVE LOSS                 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT                 147,065 93,999 93,004
Guarantor Subsidiaries [Member]                      
Condensed Income Statements, Captions [Line Items]                      
REVENUES:                 8,734,673 8,893,990 8,175,242
COST OF SALES:                 7,379,323 7,555,043 6,929,334
GROSS PROFIT                 1,355,350 1,338,947 1,245,908
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES                 954,495 950,268 883,442
Depreciation and amortization                 43,472 41,220 36,701
ASSET IMPAIRMENTS                 21,794 18,899 15,571
INCOME (LOSS) FROM OPERATIONS                 335,589 328,560 310,194
Floorplan interest expense                 (40,444) (36,063) (34,061)
Interest Expense, Other                 (64,870) (52,276) (46,517)
Gains (Losses) on Extinguishment of Debt                     (46,403)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES                 230,275 240,221 183,213
BENEFIT (PROVISION) FOR INCOME TAXES                 (83,560) (89,698) (77,911)
EQUITY IN EARNINGS OF SUBSIDIARIES                 0 0 0
NET INCOME                 146,715 150,523 105,302
COMPREHENSIVE LOSS                 10,121 (1,543) (4,059)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT                 156,836 148,980 101,243
Non-Guarantor Subsidiaries [Member]                      
Condensed Income Statements, Captions [Line Items]                      
REVENUES:                 2,152,939 1,738,515 1,762,647
COST OF SALES:                 1,913,220 1,543,490 1,560,617
GROSS PROFIT                 239,719 195,025 202,030
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES                 213,546 167,541 175,726
Depreciation and amortization                 7,762 6,019 5,643
ASSET IMPAIRMENTS                 11,044 68,663 25,949
INCOME (LOSS) FROM OPERATIONS                 7,367 (47,198) (5,288)
Floorplan interest expense                 (4,483) (3,201) (7,553)
Interest Expense, Other                 (3,066) (6,947) (5,448)
Gains (Losses) on Extinguishment of Debt                     0
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES                 (182) (57,346) (18,289)
BENEFIT (PROVISION) FOR INCOME TAXES                 2,234 1,262 6,319
EQUITY IN EARNINGS OF SUBSIDIARIES                 0 0 0
NET INCOME                 2,052 (56,084) (11,970)
COMPREHENSIVE LOSS                 (19,081) (54,457) (26,248)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT                 $ (17,029) $ (110,541) $ (38,218)