Segment Information Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

As of March 31, 2015, the Company had three reportable segments: (1) the U.S., (2) the U.K., and (3) Brazil. Each of the reportable segments is comprised of retail automotive franchises, which sell new vehicles, used vehicles, parts and automotive services, finance and insurance products, and collision centers. The vast majority of the Company's corporate activities are associated with the operations of the U.S. operating segments and therefore the corporate financial results are included within the U.S. reportable segment.

The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by its chief operating decision maker to allocate resources and assess performance. The Company's chief operating decision maker is its Chief Executive Officer.

Reportable segment revenue, income (loss) before income taxes, provision for income taxes and net income (loss) were as follows for the three months ended March 31, 2015 and 2014:

	Three Months Ended March 31, 2015
	U.S.			U.K.			Brazil			Total
	(In thousands)
Total revenues	$	1,998,500		$	299,541		$	134,813		$	2,432,854
Income (loss) before income taxes	53,156			5,121			(805		)	57,472
(Provision) benefit for income taxes	(20,361		)	(999		)	(297		)	(21,657		)
Net income (loss)	32,795			4,122			(1,102		)	35,815

	Three Months Ended March 31, 2014
	U.S.			U.K.			Brazil			Total
	(In thousands)
Total revenues	$	1,834,626		$	247,701		$	178,536		$	2,260,863
Income before income taxes	45,862			4,617			(1,266		)	49,213
Provision for income taxes	(16,828		)	(965		)	(117		)	(17,910		)
Net income	29,034			3,652			(1,383		)	31,303

Reportable segment total assets as of March 31, 2015 and December 31, 2014 were as follows:

	As of March 31, 2015
	U.S.		U.K.		Brazil		Total
	(In thousands)
Total assets	$	3,516,075	$	359,588	$	222,804	$	4,098,467

	As of December 31, 2014
	U.S.		U.K.		Brazil		Total
	(In thousands)
Total assets	$	3,529,643	$	327,644	$	284,205	$	4,141,492