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Note 10 - Restructuring Costs
 3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]
10
– Restructuring Costs
 
During the quarter ended
March
31,
2016,
the Company instituted plans to consolidate its dealership network and incurred pre-tax expense of approximately
$8.1
million related to restructuring activities. The restructuring costs included
$2.7
million associated with impairment charges to certain fixed assets and the value of the real estate underlying the affected locations, which was reported in selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income.
 
In addition, the Company classified certain excess real estate as held for sale, which resulted in an impairment charge of
$5.0
million, which was reported in selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income for the quarter ended
March
31,
2016.
 
During the
third
and
fourth
quarter of
2016,
the Company sold
four
of the properties previously classified as held for sale with a fair value of
$6.1
million, and during the
first
quarter of
2017,
the Company sold
one
of the properties with a fair value of
$1.0
million. As of
March
31,
2017,
the remaining real estate associated with the restructuring activities and the excess real estate is included in assets held for sale on the Consolidated Balance Sheets.