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v3.8.0.1

Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Condensed Income Statements, Captions [Line Items] |  |
REVENUES: | $ 2,860,026 | $ 2,518,829
COST OF SALES: | 2,440,263 | 2,135,307
GROSS PROFIT | 419,763 | 383,522
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 324,347 | 289,779
DEPRECIATION AND AMORTIZATION EXPENSE | 16,342 | 13,606
ASSET IMPAIRMENTS | 0 |
INCOME FROM OPERATIONS | 79,074 | 80,137
Floorplan interest expense | (14,087) | (11,942)
Interest Expense, Other | (18,820) | (16,999)
INCOME BEFORE INCOME TAXES | 46,167 | 51,196
BENEFIT (PROVISION) FOR INCOME TAXES | 10,353 | 17,257
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0
NET INCOME | 35,814 | 33,939
COMPREHENSIVE LOSS | 17,276 | 6,795
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 53,090 | 40,734
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 | 1,768 | 1,966
DEPRECIATION AND AMORTIZATION EXPENSE | 0 | 0
ASSET IMPAIRMENTS | 0 |
INCOME FROM OPERATIONS | (1,768) | (1,966)
Floorplan interest expense | 0 | 0
Interest Expense, Other | 0 | 0
INCOME BEFORE INCOME TAXES | (1,768) | (1,966)
BENEFIT (PROVISION) FOR INCOME TAXES | (424) | 737
EQUITY IN EARNINGS OF SUBSIDIARIES | 37,158 | 35,167
NET INCOME | 35,814 | 33,938
COMPREHENSIVE LOSS | 0 | 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 35,814 | 33,938
Guarantor Subsidiaries [Member] |  |
Condensed Income Statements, Captions [Line Items] |  |
REVENUES: | 2,088,487 | 1,967,718
COST OF SALES: | 1,752,802 | 1,647,123
GROSS PROFIT | 335,685 | 320,595
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 249,165 | 232,611
DEPRECIATION AND AMORTIZATION EXPENSE | 12,881 | 11,567
ASSET IMPAIRMENTS | 0 |
INCOME FROM OPERATIONS | 73,639 | 76,417
Floorplan interest expense | (12,337) | (10,878)
Interest Expense, Other | (17,017) | 16,274
INCOME BEFORE INCOME TAXES | 44,285 | 49,265
BENEFIT (PROVISION) FOR INCOME TAXES | 9,780 | (17,084)
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0
NET INCOME | 34,505 | 32,181
COMPREHENSIVE LOSS | 9,405 | 2,658
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 43,910 | 34,839
Non-Guarantor Subsidiaries [Member] |  |
Condensed Income Statements, Captions [Line Items] |  |
REVENUES: | 771,539 | 551,111
COST OF SALES: | 687,461 | 488,184
GROSS PROFIT | 84,078 | 62,927
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 73,414 | 55,202
DEPRECIATION AND AMORTIZATION EXPENSE | 3,461 | 2,039
ASSET IMPAIRMENTS | 0 |
INCOME FROM OPERATIONS | 7,203 | 5,686
Floorplan interest expense | (1,750) | (1,064)
Interest Expense, Other | (1,803) | 725
INCOME BEFORE INCOME TAXES | 3,650 | 3,897
BENEFIT (PROVISION) FOR INCOME TAXES | 997 | (910)
EQUITY IN EARNINGS OF SUBSIDIARIES | 0 | 0
NET INCOME | 2,653 | 2,987
COMPREHENSIVE LOSS | 7,871 | 4,137
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | 10,524 | 7,124
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 |
INCOME FROM OPERATIONS | 0 | 0
Floorplan interest expense | 0 | 0
Interest Expense, Other | 0 | 0
INCOME BEFORE INCOME TAXES | 0 | 0
BENEFIT (PROVISION) FOR INCOME TAXES | 0 | 0
EQUITY IN EARNINGS OF SUBSIDIARIES | (37,158) | (35,167)
NET INCOME | (37,158) | (35,167)
COMPREHENSIVE LOSS | 0 | 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ (37,158) | $ (35,167)

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- Definition Interest expense incurred on borrowings under the floorplan line of the credit facility and arrangements with vehicle manufacturer affiliates for the financing of specific new, used and rental vehicle inventory. Interest expense also includes the net impact of interest rate swap settlements during the period, which are designed to hedge exposure to variable interest rates. + References No definition available. + Details
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