XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Property and Equipment | 6 Months Ended
--- | ---
Jun. 30, 2017
Property Plant And Equipment [Abstract] |
Property and Equipment | 4. Property and Equipment Property and equipment, net consists of the following:
|  | June 30, 2017 |  |  | December 31, 2016 |
|  | (In thousands) |
Land |  | $ | 335,238 |  |  | $ | 306,457 |
Building and improvements |  |  | 836,976 |  |  |  | 777,766 |
Software and computer equipment |  |  | 138,250 |  |  |  | 128,366 |
Parts and service equipment |  |  | 102,301 |  |  |  | 93,901 |
Office equipment and fixtures |  |  | 92,050 |  |  |  | 86,216 |
Company vehicles |  |  | 9,542 |  |  |  | 9,107 |
Construction in progress |  |  | 67,211 |  |  |  | 62,982 |
Total, at cost |  |  | 1,581,568 |  |  |  | 1,464,795 |
Less accumulated depreciation |  |  | (490,710 | ) |  |  | (450,184 | )
Subtotal |  |  | 1,090,858 |  |  |  | 1,014,611 |
Less assets held for sale (1) |  |  | (3,489 | ) |  |  | (4,231 | )
Property and equipment, net |  | $ | 1,087,369 |  |  | $ | 1,010,380 |
(1)Classified in other current assets in the accompanying condensed consolidated balance sheets. In the three and six months ended June 30, 2017, capital expenditures were approximately $45.5 million and $121.2 million, respectively, and in the three and six months ended June 30, 2016, capital expenditures were approximately $67.6 million and $109.0 million, respectively. Capital expenditures in all periods were primarily related to real estate acquisitions, construction of new franchised dealerships and EchoPark stores, building improvements and equipment purchased for use in Sonic’s franchised dealerships and EchoPark stores. Assets held for sale as of June 30, 2017 consists of vacant land that Sonic expects to dispose of in the next twelve months. Impairment charges for the three and six months ended June 30, 2017 were approximately $2.6 million and $3.1 million, respectively, which include the write-off of goodwill and property and equipment as part of the closure of two stand-alone pre-owned stores that were purchased in 2016, and the write-off of costs associated with the abandonment of certain construction projects. Impairment charges for both the three and six months ended June 30, 2016 were approximately $0.2 million related to the write-off of costs associated with the abandonment of certain construction projects.

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

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration