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Segment Information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

As of June 30, 2019, the Company had three reportable segments: the U.S., the U.K., and Brazil. The reportable segments are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by its chief operating decision maker (“CODM”) to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer. 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. reportable segment and, therefore, the corporate financial results are included within the U.S. reportable segment.

Reportable segment revenues and income (loss) before income taxes were as follows for the three and six months ended June 30, 2019 and 2018 (in thousands):

	Three Months Ended June 30, 2019																	Six Months Ended June 30, 2019
	U.S.				U.K.				Brazil				Total					U.S.				U.K.				Brazil				Total
Total revenues	$	2,278,680			$	614,434			$	112,575			$	3,005,689				$	4,341,462			$	1,256,592			$	216,011			$	5,814,065
Income (loss) before income taxes	$	63,843			$	(1,540	)		$	930			$	63,233				$	110,210			$	4,704			$	495			$	115,409

	Three Months Ended June 30, 2018																	Six Months Ended June 30, 2018
	U.S.				U.K.				Brazil				Total					U.S.				U.K.				Brazil				Total
Total revenues	$	2,168,001			$	666,883			$	108,578			$	2,943,462				$	4,256,487			$	1,327,425			$	219,576			$	5,803,488
Income (loss) before income taxes	$	68,942			$	6,016			$	230			$	75,188				$	109,452			$	11,753			$	150			$	121,355

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- References

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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

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