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Segment Information Segment Information | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION As of September 30, 2017, the Company had three reportable segments: (1) the U.S., (2) the U.K., and (3) Brazil. Each of the reportable segments is comprised of retail automotive franchises, which sell new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. The vast majority of the Company's corporate activities are associated with the operations of the U.S. operating segment and therefore the corporate financial results are included within the U.S. reportable segment. Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three and nine months ended September 30, 2017 and 2016:
| Three Months Ended September 30, 2017 |  |  | Nine Months Ended September 30, 2017
| U.S. |  | U.K. |  | Brazil |  | Total |  |  | U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands) |  |  | (In thousands)
Total revenues (1) | $ | 2,301,959 |  |  | $ | 590,726 |  |  | $ | 119,607 |  |  | $ | 3,012,292 |  |  |  | $ | 6,393,368 |  |  | $ | 1,478,156 |  |  | $ | 331,792 |  |  | $ | 8,203,316 |
Income before income taxes | 41,133 |  |  | 5,435 |  |  | 575 |  |  | 47,143 |  |  |  | 142,808 |  |  | 15,745 |  |  | 1,476 |  |  | 160,029 |
(Provision) benefit for income taxes | (16,258 | ) |  | (1,105 | ) |  | 101 |  |  | (17,262 | ) |  |  | (54,301 | ) |  | (2,781 | ) |  | 6 |  |  | (57,076 | )
Net income (2) | 24,875 |  |  | 4,330 |  |  | 676 |  |  | 29,881 |  |  |  | 88,507 |  |  | 12,964 |  |  | 1,482 |  |  | 102,953 |
(1) Includes the impact of chargeback reserves for finance and insurance revenues associated with catastrophic events of $6.6 million for the three and nine months ended September 30, 2017, in the U.S. segment. (2) Includes the following, after tax: loss due to catastrophic events of $9.0 million and $9.4 million, inclusive of the finance and insurance chargeback reserve noted above, for the three and nine months ended September 30, 2017, respectively, in the U.S. segment and asset impairment charges of $5.9 million for the three and nine months ended September 30, 2017, respectively, in the U.S. segment.
| Three Months Ended September 30, 2016 |  |  | Nine Months Ended September 30, 2016
| U.S. |  | U.K. |  | Brazil |  | Total |  |  | U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands) |  |  | (In thousands)
Total revenues | $ | 2,274,723 |  |  | $ | 435,976 |  |  | $ | 112,447 |  |  | $ | 2,823,176 |  |  |  | $ | 6,563,739 |  |  | $ | 1,335,663 |  |  | $ | 314,578 |  |  | $ | 8,213,980 |
Income (loss) before income taxes | 52,619 |  |  | 3,922 |  |  | (854 | ) |  | 55,687 |  |  |  | 164,607 |  |  | 17,371 |  |  | (3,127 | ) |  | 178,851 |
(Provision) benefit for income taxes | (19,722 | ) |  | (702 | ) |  | 103 |  |  | (20,321 | ) |  |  | (61,406 | ) |  | (3,458 | ) |  | 2,250 |  |  | (62,614 | )
Net income (loss) (1) | 32,897 |  |  | 3,220 |  |  | (751 | ) |  | 35,366 |  |  |  | 103,201 |  |  | 13,913 |  |  | (877 | ) |  | 116,237 |
(1) Includes the following, after tax: asset impairment charges of $6.7 million and $7.7 million for the three and nine months ended September 30, 2016, respectively, in the U.S. segment; loss due to catastrophic events of $0.3 million and $3.7 million for the three and nine months ended September 30, 2016, respectively, in the U.S. segment; gain on real estate and dealership transactions of $0.7 million and $1.1 million for the three and nine months ended September 30, 2016, respectively, in the U.S. segment; and foreign deferred income tax benefit of $1.7 million for the nine months ended September 30, 2016 in the Brazil segment. Reportable segment total assets as of September 30, 2017 and December 31, 2016, were as follows:
| As of September 30, 2017
| U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands)
Total assets | $ | 3,890,087 |  |  | $ | 698,103 |  |  | $ | 142,804 |  |  | $ | 4,730,994 |
| As of December 31, 2016
| U.S. |  | U.K. |  | Brazil |  | Total
| (In thousands)
Total assets | $ | 3,855,701 |  |  | $ | 482,937 |  |  | $ | 123,265 |  |  | $ | 4,461,903 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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