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Segment Information | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Segment Information | 11. Segment Information As of June 30, 2017, Sonic had two operating segments: Franchised Dealerships and EchoPark. The Franchised Dealerships segment is comprised of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products. The EchoPark segment is comprised of stand-alone specialty retail locations that provide customers an opportunity to search, buy, service, finance and sell pre-owned vehicles. The operating segments identified above are the business activities of Sonic for which discrete financial information is available and for which operating results are regularly reviewed by Sonic’s chief operating decision maker to assess operating performance and allocate resources. Sonic’s chief operating decision maker is a group of three individuals consisting of the Company’s Chief Executive Officer and President, Executive Vice President and Chief Financial Officer, and Executive Vice President of Operations. The Company has determined that its operating segments also represent its reportable segments. Reportable segment revenues and segment income (loss) for the three and six months ended June 30, 2017 and 2016 are as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |
|  | (In thousands) |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Franchised Dealerships |  | $ | 2,356,692 |  |  | $ | 2,352,840 |  |  | $ | 4,602,717 |  |  | $ | 4,563,425 |  |
EchoPark |  |  | 49,054 |  |  |  | 29,472 |  |  |  | 90,851 |  |  |  | 53,514 |  |
Total consolidated revenues |  | $ | 2,405,746 |  |  | $ | 2,382,312 |  |  | $ | 4,693,568 |  |  | $ | 4,616,939 |  |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |
|  | (In thousands) |  |
Segment income (loss) (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Franchised Dealerships |  | $ | 40,544 |  |  | $ | 53,561 |  |  | $ | 74,013 |  |  | $ | 92,854 |  |
EchoPark |  |  | (7,517 | ) |  |  | (3,206 | ) |  |  | (12,924 | ) |  |  | (6,630 | ) |
Total segment income (loss) |  |  | 33,027 |  |  |  | 50,355 |  |  |  | 61,089 |  |  |  | 86,224 |  |
Interest expense, other, net |  |  | (12,764 | ) |  |  | (12,205 | ) |  |  | (26,172 | ) |  |  | (24,544 | ) |
Other income (expense), net |  |  | 7 |  |  |  | 6 |  |  |  | (14,495 | ) |  |  | 110 |  |
Income (loss) from continuing operations before taxes |  | $ | 20,270 |  |  | $ | 38,156 |  |  | $ | 20,422 |  |  | $ | 61,790 |  |
(1) | Segment income (loss) for each segment is defined as operating income (loss) less interest expense, floor plan.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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