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v3.7.0.1

Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | $ 2,672,195 | $ 2,782,449 | $ 5,191,024 | $ 5,390,804
COST OF SALES: | 2,267,303 | 2,372,330 | 4,402,610 | 4,591,583
GROSS PROFIT | 404,892 | 410,119 | 788,414 | 799,221
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 298,568 | 299,022 | 588,347 | 592,687
DEPRECIATION AND AMORTIZATION EXPENSE | 14,093 | 12,713 | 27,699 | 25,177
ASSET IMPAIRMENTS | 0 | 1,024 | 0 | 1,956
INCOME FROM OPERATIONS | 92,231 | 97,360 | 172,368 | 179,401
Floorplan interest expense | (13,226) | (11,593) | (25,168) | (22,603)
Interest Expense, Other | (17,315) | (16,705) | (34,314) | (33,634)
INCOME BEFORE INCOME TAXES | 61,690 | 69,062 | 112,886 | 123,164
BENEFIT (PROVISION) FOR INCOME TAXES | (22,557) | (22,482) | (39,814) | 42,293
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0 | 0 | 0
NET INCOME | 39,133 | 46,580 | 73,072 | 80,871
COMPREHENSIVE LOSS | 3,881 | (9,548) | 10,676 | (16,420)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 43,014 | 37,032 | 83,748 | 64,451
Parent Company [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 0 | 0 | 0 | 0
COST OF SALES: | 0 | 0 | 0 | 0
GROSS PROFIT | 0 | 0 | 0 | 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 533 | 605 | 2,499 | 1,808
DEPRECIATION AND AMORTIZATION EXPENSE | 0 | 0 | 0 | 0
ASSET IMPAIRMENTS |  | 0 |  | 0
INCOME FROM OPERATIONS | (533) | (605) | (2,499) | (1,808)
Floorplan interest expense | 0 | 0 | 0 | 0
Interest Expense, Other | 0 | 0 | 0 | 0
INCOME BEFORE INCOME TAXES | (533) | (605) | (2,499) | (1,808)
BENEFIT (PROVISION) FOR INCOME TAXES | 200 | (227) | 937 | (677)
EQUITY IN EARNINGS OF SUBSIDIARIES | 39,467 | 46,958 | 74,634 | 82,002
NET INCOME | 39,134 | 46,580 | 73,072 | 80,871
COMPREHENSIVE LOSS | 0 | 0 | 0 | 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 39,134 | 46,580 | 73,072 | 80,871
Guarantor Subsidiaries [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 2,123,691 | 2,207,383 | 4,091,409 | 4,289,016
COST OF SALES: | 1,783,218 | 1,862,787 | 3,430,341 | 3,611,709
GROSS PROFIT | 340,473 | 344,596 | 661,068 | 677,307
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 242,014 | 243,312 | 474,625 | 486,327
DEPRECIATION AND AMORTIZATION EXPENSE | 11,926 | 10,642 | 23,493 | 21,238
ASSET IMPAIRMENTS |  | 1,024 |  | 1,533
INCOME FROM OPERATIONS | 86,533 | 89,618 | 162,950 | 168,209
Floorplan interest expense | (12,062) | (10,402) | (22,940) | (20,450)
Interest Expense, Other | (16,568) | (16,072) | (32,842) | (32,124)
INCOME BEFORE INCOME TAXES | 57,903 | 63,144 | 107,168 | 115,635
BENEFIT (PROVISION) FOR INCOME TAXES | (21,895) | 23,081 | (38,979) | 42,362
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0 | 0 | 0
NET INCOME | 36,008 | 40,063 | 68,189 | 73,273
COMPREHENSIVE LOSS | (581) | (3,480) | 2,076 | (12,507)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 35,427 | 36,583 | 70,265 | 60,766
Non-Guarantor Subsidiaries [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 548,504 | 575,066 | 1,099,615 | 1,101,788
COST OF SALES: | 484,085 | 509,543 | 972,269 | 979,874
GROSS PROFIT | 64,419 | 65,523 | 127,346 | 121,914
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 56,021 | 55,105 | 111,223 | 104,552
DEPRECIATION AND AMORTIZATION EXPENSE | 2,167 | 2,071 | 4,206 | 3,939
ASSET IMPAIRMENTS |  | 0 |  | 423
INCOME FROM OPERATIONS | 6,231 | 8,347 | 11,917 | 13,000
Floorplan interest expense | (1,164) | (1,191) | (2,228) | (2,153)
Interest Expense, Other | (747) | (633) | (1,472) | (1,510)
INCOME BEFORE INCOME TAXES | 4,320 | 6,523 | 8,217 | 9,337
BENEFIT (PROVISION) FOR INCOME TAXES | (862) | (372) | (1,772) | 608
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0 | 0 | 0
NET INCOME | 3,458 | 6,895 | 6,445 | 8,729
COMPREHENSIVE LOSS | 4,462 | (6,068) | 8,600 | (3,913)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 7,920 | 827 | 15,045 | 4,816
Consolidation, Eliminations [Member] |  |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |  |
REVENUES: | 0 | 0 | 0 | 0
COST OF SALES: | 0 | 0 | 0 | 0
GROSS PROFIT | 0 | 0 | 0 | 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 0 | 0 | 0 | 0
DEPRECIATION AND AMORTIZATION EXPENSE | 0 | 0 | 0 | 0
ASSET IMPAIRMENTS |  | 0 |  | 0
INCOME FROM OPERATIONS | 0 | 0 | 0 | 0
Floorplan interest expense | 0 | 0 | 0 | 0
Interest Expense, Other | 0 | 0 | 0 | 0
INCOME BEFORE INCOME TAXES | 0 | 0 | 0 | 0
BENEFIT (PROVISION) FOR INCOME TAXES | 0 | 0 | 0 | 0
EQUITY IN EARNINGS OF SUBSIDIARIES | (39,467) | (46,958) | (74,634) | (82,002)
NET INCOME | (39,467) | (46,958) | (74,634) | (82,002)
COMPREHENSIVE LOSS | 0 | 0 | 0 | 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ (39,467) | $ (46,958) | $ (74,634) | $ (82,002)

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