XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Property and Equipment | 3 Months Ended
--- | ---
Mar. 31, 2018
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment, net consists of the following:
| March 31, 2018 |  | December 31, 2017
| (In thousands)
Land | $ | 383,749 |  |  | $ | 370,828 |
Building and improvements | 942,426 |  |  | 893,768 |
Software and computer equipment | 150,520 |  |  | 147,812 |
Parts and service equipment | 111,497 |  |  | 105,123 |
Office equipment and fixtures | 96,381 |  |  | 96,066 |
Company vehicles | 9,839 |  |  | 9,723 |
Construction in progress | 43,417 |  |  | 54,429 |
Total, at cost | 1,737,829 |  |  | 1,677,749 |
Less accumulated depreciation | (548,958 | ) |  | (527,379 | )
Subtotal | 1,188,871 |  |  | 1,150,370 |
Less assets held for sale (1) | (9,928 | ) |  | (3,489 | )
Property and equipment, net | $ | 1,178,943 |  |  | $ | 1,146,881 |
(1) | Classified in other current assets in the accompanying condensed consolidated balance sheets.
In the three months ended March 31, 2018 and 2017, capital expenditures were approximately $65.7 million and $75.7 million, respectively. Capital expenditures in both periods were primarily related to real estate acquisitions, construction of new franchised dealerships and pre-owned stores, building improvements and equipment purchased for use in Sonic’s franchised dealerships and pre-owned stores. Assets held for sale as of March 31, 2018 consists of vacant land that Sonic expects to dispose of in the next 12 months. Impairment charges for the three months ended March 31, 2018 and 2017 were approximately $3.6 million and $0.5 million, respectively. Impairment charges for both periods include the write-off of capitalized 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