XML 29 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION As of September 30, 2020, the Company had three reportable segments: the U.S., the U.K. and Brazil. The U.S. and Brazil segments are led by the President, U.S. and Brazilian Operations, and the U.K. segment is led by an Operations Director, each reporting directly to the Company's Chief Executive Officer, who is the Chief Operating Decision Maker. The President, U.S. and Brazilian Operations, and the U.K. Operations Director are responsible for the overall performance of their respective regions, as well as for overseeing field level management. Each segment is comprised of retail automotive franchises that sell new and used cars and light trucks; arrange related vehicle financing; sell service 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. segment and therefore the corporate financial results are included within the U.S. segment. Reportable segment revenues and income (loss) before income taxes were as follows for the three and nine months ended September 30, 2020 and 2019 (in millions):
| Three Months Ended September 30, 2020 |  |  | Nine Months Ended September 30, 2020
| U.S. |  | U.K. |  | Brazil |  | Total |  |  | U.S. |  | U.K. |  | Brazil |  | Total
Total revenues | $ | 2,244.6 |  |  | $ | 740.8 |  |  | $ | 54.3 |  |  | $ | 3,039.6 |  |  |  | $ | 6,083.3 |  |  | $ | 1,595.0 |  |  | $ | 183.4 |  |  | $ | 7,861.7 |
Income (loss) before income taxes (1) | $ | 132.9 |  |  | $ | 27.1 |  |  | $ | 1.0 |  |  | $ | 161.0 |  |  |  | $ | 249.8 |  |  | $ | 4.7 |  |  | $ | (12.4 | ) |  | $ | 242.2 |
| Three Months Ended September 30, 2019 |  |  | Nine Months Ended September 30, 2019
| U.S. |  | U.K. |  | Brazil |  | Total |  |  | U.S. |  | U.K. |  | Brazil |  | Total
Total revenues | $ | 2,422.8 |  |  | $ | 584.6 |  |  | $ | 110.9 |  |  | $ | 3,118.3 |  |  |  | $ | 6,764.3 |  |  | $ | 1,841.2 |  |  | $ | 326.9 |  |  | $ | 8,932.4 |
Income (loss) before income taxes (2) | $ | 54.6 |  |  | $ | (7.4 | ) |  | $ | 1.8 |  |  | $ | 49.0 |  |  |  | $ | 164.8 |  |  | $ | (2.7 | ) |  | $ | 2.3 |  |  | $ | 164.4 |
(1) For the three months ended September 30, 2020, income (loss) before income taxes includes a $3.3 million loss on debt extinguishment in the U.S. segment. For the nine months ended September 30, 2020, income (loss) before income taxes includes the following: in the U.S. segment, $13.7 million loss on debt extinguishment and $10.6 million in stock-based compensation expense related to an out-of-period adjustment; in the U.K. segment, $12.8 million in asset impairments and $1.2 million in severance expense; and in the Brazil segment, $11.1 million in asset impairments and $0.9 million in severance expense. (2) For the three months ended September 30, 2019, income (loss) before income taxes includes the following: in the U.S. segment, $11.9 million in expenses related to flood damage from Tropical Storm Imelda in Texas, $3.2 million in asset impairments and $0.8 million net loss on disposition of real estate and dealership transactions; and in the U.K. segment, $7.0 million in asset impairment charges and $0.5 million net loss on disposition of real estate and dealership transactions. For the nine months ended September 30, 2019, income (loss) before income taxes includes the following: in the U.S. segment, $17.8 million in expenses related to flood damage from Tropical Storm Imelda and hail storm damages primarily in Texas, $4.4 million net gain on disposition of real estate and dealership transactions, $3.2 million in asset impairments and $1.8 million net loss on legal matters; in the U.K. segment, $7.0 million in asset impairments and $0.5 million net loss on disposition of real estate and dealership transactions; and in the Brazil segment, $0.5 million in asset impairments, $0.2 million net gain on disposition of real estate and dealership transactions and $0.2 million net loss on legal matters.

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

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration