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Segment Information | 3 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION As of March 31, 2019, 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; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell 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, benefit (provision) for income taxes and net income (loss) were as follows for the three months ended March 31, 2019 and 2018 (in thousands):
| Three Months Ended March 31, 2019
| U.S. |  | U.K. |  | Brazil |  | Total
Total revenues | $ | 2,062,782 |  |  | $ | 642,158 |  |  | $ | 103,436 |  |  | $ | 2,808,376 |
Income (loss) before income taxes | 46,367 |  |  | 6,244 |  |  | (435 | ) |  | 52,176 |
Benefit (provision) for income taxes | (12,413 | ) |  | (1,096 | ) |  | (19 | ) |  | (13,528 | )
Net income (loss) (1) | 33,954 |  |  | 5,148 |  |  | (454 | ) |  | 38,648 |
| Three Months Ended March 31, 2018
| U.S. |  | U.K. |  | Brazil |  | Total
Total revenues | $ | 2,088,486 |  |  | $ | 660,542 |  |  | $ | 110,998 |  |  | $ | 2,860,026 |
Income (loss) before income taxes | 40,510 |  |  | 5,737 |  |  | (80 | ) |  | 46,167 |
Benefit (provision) for income taxes | (9,357 | ) |  | (862 | ) |  | (134 | ) |  | (10,353 | )
Net income (loss) | 31,153 |  |  | 4,875 |  |  | (214 | ) |  | 35,814 |
(1) Includes the following, net of tax: gain of $3.8 million on real estate and dealership transactions in the U.S. segment; loss of $1.5 million due to catastrophic events in the U.S. segment; and loss of $1.9 million for legal claim settlements in the U.S. and Brazil segment for the three months ended March 31, 2019. Reportable segment total assets as of March 31, 2019 and December 31, 2018, were as follows (in thousands):
| As of March 31, 2019
| U.S. |  | U.K. |  | Brazil |  | Total
Total assets | $ | 4,213,916 |  |  | $ | 917,655 |  |  | $ | 131,920 |  |  | $ | 5,263,491 |
| As of December 31, 2018
| U.S. |  | U.K. |  | Brazil |  | Total
Total assets (1) | $ | 4,113,049 |  |  | $ | 756,350 |  |  | $ | 131,676 |  |  | $ | 5,001,075 |
(1) Balances as of December 31, 2018 were unchanged under the optional transition method applied as part of the implementation of Topic 842. See Note 1, “Interim Financial Information” and Note 13, “Leases” for further information.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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