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Segment Information | 3 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information As of March 31, 2019, Sonic had two operating segments comprised of: (1) 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 “Franchised Dealerships Segment”) and (2) pre-owned vehicle specialty retail locations that provide customers an opportunity to search, buy, service, finance and sell pre-owned vehicles (the “EchoPark Segment”). 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: (1) the Company’s Chief Executive Officer; (2) the Company’s President; and (3) the Company’s Chief Financial Officer. Sonic has determined that its operating segments also represent its reportable segments. Reportable segment revenues and segment income (loss) for the three months ended March 31, 2019 and 2018 are as follows:
| Three Months Ended March 31, |  |  |  |  |  |
| 2019 |  | 2018 |  |  |  |
| (In thousands) |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |
Franchised Dealerships Segment | $ | 2,139,571 |  | $ | 2,269,269 |  |  |  |
EchoPark Segment | 249,567 |  | 131,504 |  |  |  |
Total consolidated revenues | $ | 2,389,138 |  | $ | 2,400,773 |  |  |  |
| Three Months Ended March 31, |  |  |  |  |  |
| 2019 |  | 2018 |  |  |  |
| (In thousands) |  |  |  |  |  |
Segment income (loss) (1): |  |  |  |  |  |  |
Franchised Dealerships Segment (2) | $ | 73,531 |  | $ | 23,835 |  |  |  |
EchoPark Segment (3) | 558 |  | (14,324) |  |  |  |
Total segment income (loss) | 74,089 |  | 9,511 |  |  |  |
Interest expense, other, net | (12,853) |  | (13,456) |  |  |  |
Other income (expense), net | 100 |  | 89 |  |  |  |
Income (loss) from continuing operations before taxes | $ | 61,336 |  | $ | (3,856) |  |  |  |
(1) Segment income (loss) for each segment is defined as operating income (loss) less interest expense, floor plan. (2) For the three months ended March 31, 2019, the above amount includes approximately $46.7 million of net gain on the disposal of franchised dealerships, offset partially by approximately $6.3 million related to executive transition costs. For the three months ended March 31, 2018, the above amount includes approximately $4.8 million of lease exit charges, approximately $3.6 million of impairment charges and approximately $1.5 million of legal and other charges, offset partially by a net gain on the disposal of franchised dealerships of approximately $1.2 million. (3) For the three months ended March 31, 2019, the above amount includes approximately $1.9 million of impairment charges related to fair value adjustments of real estate at former locations classified as held for sale. For the three months ended March 31, 2018, the above amount includes approximately $9.2 million of long-term compensation-related charges.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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