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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) | SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
|  | Quarter |  |
|  | First |  | Second |  | Third |  | Fourth |  | Full Year
|  | (In thousands, except per share data)
Years Ended December 31, |  |  |  |  |  |  |  |  |  |
2018 |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 2,860,026 |  |  | $ | 2,943,462 |  |  | $ | 2,889,058 |  |  | $ | 2,908,812 |  |  | $ | 11,601,358 |
Gross profit |  | 419,763 |  |  | 438,163 |  |  | 435,101 |  |  | 432,066 |  |  | 1,725,093 |
Net income (loss) |  | 35,814 |  |  | 56,463 |  |  | 34,777 |  |  | 30,718 |  |  | 157,772 |
Basic earnings (loss) per share (1) |  | 1.70 |  |  | 2.72 |  |  | 1.74 |  |  | 1.62 |  |  | 7.83 |
Diluted earnings (loss) per share (1) |  | 1.70 |  |  | 2.72 |  |  | 1.74 |  |  | 1.62 |  |  | 7.83 |
2017 |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 2,518,829 |  |  | $ | 2,672,195 |  |  | $ | 3,012,292 |  |  | $ | 2,920,405 |  |  | $ | 11,123,721 |
Gross profit |  | 383,522 |  |  | 404,892 |  |  | 431,420 |  |  | 425,675 |  |  | 1,645,509 |
Net income (loss) |  | 33,939 |  |  | 39,133 |  |  | 29,881 |  |  | 110,489 |  |  | 213,442 |
Basic earnings (loss) per share (1) |  | 1.58 |  |  | 1.84 |  |  | 1.43 |  |  | 5.27 |  |  | 10.08 |
Diluted earnings (loss) per share (1) |  | 1.58 |  |  | 1.84 |  |  | 1.43 |  |  | 5.27 |  |  | 10.08 |
(1) The sum of the quarterly income per share amounts may not equal the annual amount reported, as per share amounts are computed independently for each quarter and for the full year based on the respective weighted average common shares outstanding. Net income for the second, third, and fourth quarters of 2018, includes approximately $4.3 million, $23.2 million and $16.5 million, respectively, of pre-tax impairment charges related to intangible franchise rights and property and equipment write-offs. The second quarter also includes a pre-tax gain of approximately $20.2 million related to real estate and dealership dispositions. Net income for the third and fourth quarters of 2017, includes approximately $9.5 million and $10.0 million, respectively, of pre-tax impairment charges related to intangible franchise rights and property and equipment write-offs. The third quarter also included $14.7 million related to chargeback expense for reserves associated with expected finance and insurance product cancellations and property damage as a result of Hurricanes Harvey and Irma. The fourth quarter also included a provisional tax benefit of approximately $73.0 million related to the re-measurement of deferred tax assets and liabilities as a result of the U.S. tax reform bill enacted in December 2017. For more information on non-cash impairment charges, see Note 16, "Asset Impairments.”

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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