XML 50 R34.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Summary of Significant Accounting Policies and Estimates (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Accounting Policies [Abstract] |
Reconciliation of Cash, Cash Equivalents, and Restricted Cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the total of the same amounts shown in the Consolidated Statements of Cash Flows (in thousands):
|  | Years Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Cash and cash equivalents |  | $ | 15,932 |  |  | $ | 28,787 |  |  | $ | 20,992 |
Restricted cash, included in other assets |  | 2,788 |  |  | 844 |  |  | 3,254 |
Total cash, cash equivalents and restricted cash |  | $ | 18,720 |  |  | $ | 29,631 |  |  | $ | 24,246 |
Adoption of ASC Topic 606 - Revenue from Contracts with Customers | The cumulative effect of the changes made to the Company’s Consolidated Balance Sheets as of January 1, 2018 for the adoption of Topic 606 were as follows (in thousands):
|  | January 1, 2018
|  | Balance at December 31, 2017 |  | Adjustment due to Topic 606 |  | Balance at January 1, 2018
Balance Sheet |  |  |  |  |  |
Assets |  |  |  |  |  |
Accounts and notes receivable, net |  | $ | 188,611 |  |  | $ | 11,623 |  |  | $ | 200,234 |
Inventories, net |  | 1,763,293 |  |  | (3,660 | ) |  | 1,759,633 |
Prepaid expense and other current assets |  | 42,062 |  |  | 8,683 |  |  | 50,745 |
Liabilities |  |  |  |  |  |
Accounts payable |  | $ | 412,981 |  |  | $ | 1,756 |  |  | $ | 414,737 |
Deferred income taxes |  | 124,404 |  |  | 3,493 |  |  | 127,897 |
Stockholders' equity |  |  |  |  |  |
Retained earnings |  | $ | 1,246,323 |  |  | $ | 11,397 |  |  | $ | 1,257,720 |
The impact of applying Topic 606 for the twelve months ended December 31, 2018, was as follows (in thousands):
|  | Year Ended December 31, 2018
|  | As Reported |  | Balances Without Adoption of Topic 606 |  | Effect of Change Higher (Lower)
Income Statement |  |  |  |  |  |
Revenues |  |  |  |  |  |
Parts and service sales |  | $ | 1,416,889 |  |  | $ | 1,417,584 |  |  | $ | (695 | )
Finance, insurance and other, net |  | 467,453 |  |  | 461,711 |  |  | 5,742 |
Cost of sales |  |  |  |  |  |
Parts and service sales |  | $ | 657,741 |  |  | $ | 657,886 |  |  | $ | (145 | )
Selling, general and administrative expenses |  | 1,273,057 |  |  | 1,273,131 |  |  | (74 | )
Provision for income taxes |  | 47,631 |  |  | 46,383 |  |  | 1,248 |
Net income (loss) |  | $ | 157,772 |  |  | $ | 153,754 |  |  | $ | 4,018 |
The impact of applying Topic 606 at December 31, 2018, was as follows (in thousands):
|  | December 31, 2018
|  | As Reported |  | Balances Without Adoption of Topic 606 |  | Effect of Change Higher (Lower)
Balance Sheet |  |  |  |  |  |
Assets |  |  |  |  |  |
Accounts and notes receivable, net |  | $ | 193,981 |  |  | $ | 183,316 |  |  | $ | 10,665 |
Inventories, net |  | 1,844,059 |  |  | 1,847,493 |  |  | (3,434 | )
Prepaid expense and other current assets |  | 82,734 |  |  | 68,308 |  |  | 14,426 |
Liabilities |  |  |  |  |  |
Accounts payable |  | $ | 419,350 |  |  | $ | 417,723 |  |  | $ | 1,627 |
Deferred income taxes |  | 134,683 |  |  | 129,964 |  |  | 4,719 |
Stockholders' equity |  |  |  |  |  |
Retained earnings and accumulated other comprehensive income (loss) |  | $ | 1,257,045 |  |  | $ | 1,241,734 |  |  | $ | 15,311 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the comparison between amounts disclosed under previous guidance and new guidance. + References No definition available. + Details
Name: | us-gaap_ScheduleOfProspectiveAdoptionOfNewAccountingPronouncementsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration