XML 27 R61.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Financial Information Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2013
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents $ 21,968 $ 40,975 $ 50,652 $ 20,215
Contracts-in-transit and vehicle receivables, net 205,636 237,448    
Accounts and notes receivable, net 147,110 151,330    
Intercompany accounts receivable 0 0    
Inventories, net 1,634,421 1,556,705    
Deferred income taxes 13,099 11,062    
Prepaid expenses and other current assets 22,556 37,699    
Total current assets 2,044,790 2,035,219    
PROPERTY AND EQUIPMENT, net 978,892 950,388    
GOODWILL 912,639 830,377    
INTANGIBLE FRANCHISE RIGHTS 339,763 303,947    
INVESTMENT IN SUBSIDIARIES 0 0    
OTHER ASSETS 15,966 21,561    
Total assets 4,292,050 4,141,492    
Floorplan notes payable — credit facility and other 1,177,513 1,143,246    
Offset account related to floorplan notes payable - credit facility (28,073) (39,616)    
Floorplan notes payable - manufacturer affiliates 347,657 307,656    
Offset account related to floorplan notes payable - manufacturer affiliates (20,001) (22,500)    
Current maturities of long-term debt 55,959 72,630    
Accounts payable 290,509 288,320    
Intercompany accounts payable 0 0    
Accrued expenses 158,283 172,463    
Total current liabilities 1,981,847 1,922,199    
LONG-TERM DEBT, net of current maturities 1,084,161 1,008,837    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 39,724 25,311    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 216,990 207,135    
Group 1 stockholders’ equity 969,328 978,010    
Intercompany note receivable 0 0    
Total stockholders’ equity 969,328 978,010    
Total liabilities and stockholders’ equity 4,292,050 4,141,492    
Parent Company [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 0 0 26 0
Contracts-in-transit and vehicle receivables, net 0 0    
Accounts and notes receivable, net 0 0    
Intercompany accounts receivable 0 0    
Inventories, net 0 0    
Deferred income taxes 288 196    
Prepaid expenses and other current assets 785 590    
Total current assets 1,073 786    
PROPERTY AND EQUIPMENT, net 0 0    
GOODWILL 0 0    
INTANGIBLE FRANCHISE RIGHTS 0 0    
INVESTMENT IN SUBSIDIARIES 2,162,133 1,964,442    
OTHER ASSETS 0 0    
Total assets 2,163,206 1,965,228    
Floorplan notes payable — credit facility and other 0 0    
Offset account related to floorplan notes payable - credit facility 0 0    
Floorplan notes payable - manufacturer affiliates 0 0    
Offset account related to floorplan notes payable - manufacturer affiliates 0 0    
Current maturities of long-term debt 0 0    
Accounts payable 0 0    
Intercompany accounts payable 368,915 295,421    
Accrued expenses 0 0    
Total current liabilities 368,915 295,421    
LONG-TERM DEBT, net of current maturities 679,158 609,812    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 0 0    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 0 0    
Group 1 stockholders’ equity 1,115,133 1,059,995    
Intercompany note receivable 0 0    
Total stockholders’ equity 1,115,133 1,059,995    
Total liabilities and stockholders’ equity 2,163,206 1,965,228    
Guarantor Subsidiaries [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 4,397 25,379 34,165 4,306
Contracts-in-transit and vehicle receivables, net 173,859 218,361    
Accounts and notes receivable, net 118,137 117,427    
Intercompany accounts receivable 263,906 276,217    
Inventories, net 1,438,310 1,342,022    
Deferred income taxes 12,811 10,866    
Prepaid expenses and other current assets 8,000 22,039    
Total current assets 2,019,420 2,012,311    
PROPERTY AND EQUIPMENT, net 863,526 839,063    
GOODWILL 814,759 700,642    
INTANGIBLE FRANCHISE RIGHTS 306,745 257,502    
INVESTMENT IN SUBSIDIARIES 0 0    
OTHER ASSETS 8,683 10,120    
Total assets 4,013,133 3,819,638    
Floorplan notes payable — credit facility and other 1,176,385 1,137,743    
Offset account related to floorplan notes payable - credit facility (28,073) (39,616)    
Floorplan notes payable - manufacturer affiliates 253,361 207,329    
Offset account related to floorplan notes payable - manufacturer affiliates (20,001) (22,500)    
Current maturities of long-term debt 50,756 61,185    
Accounts payable 177,270 176,143    
Intercompany accounts payable 0 0    
Accrued expenses 137,675 149,700    
Total current liabilities 1,747,373 1,669,984    
LONG-TERM DEBT, net of current maturities 337,858 347,202    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 39,724 25,311    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 206,938 193,077    
Group 1 stockholders’ equity 2,050,155 1,879,485    
Intercompany note receivable (368,915) (295,421)    
Total stockholders’ equity 1,681,240 1,584,064    
Total liabilities and stockholders’ equity 4,013,133 3,819,638    
Non-Guarantor Subsidiaries [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 17,571 15,596 $ 16,461 $ 15,909
Contracts-in-transit and vehicle receivables, net 31,777 19,087    
Accounts and notes receivable, net 28,973 33,903    
Intercompany accounts receivable 0 0    
Inventories, net 196,111 214,683    
Deferred income taxes 0 0    
Prepaid expenses and other current assets 13,771 15,070    
Total current assets 288,203 298,339    
PROPERTY AND EQUIPMENT, net 115,366 111,325    
GOODWILL 97,880 129,735    
INTANGIBLE FRANCHISE RIGHTS 33,018 46,445    
INVESTMENT IN SUBSIDIARIES 0 0    
OTHER ASSETS 7,283 11,441    
Total assets 541,750 597,285    
Floorplan notes payable — credit facility and other 1,128 5,503    
Offset account related to floorplan notes payable - credit facility 0 0    
Floorplan notes payable - manufacturer affiliates 94,296 100,327    
Offset account related to floorplan notes payable - manufacturer affiliates 0 0    
Current maturities of long-term debt 5,203 11,445    
Accounts payable 113,239 112,177    
Intercompany accounts payable 263,906 276,217    
Accrued expenses 20,608 22,763    
Total current liabilities 498,380 528,432    
LONG-TERM DEBT, net of current maturities 67,145 51,823    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 0 0    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 10,052 14,058    
Group 1 stockholders’ equity (33,827) 2,972    
Intercompany note receivable 0 0    
Total stockholders’ equity (33,827) 2,972    
Total liabilities and stockholders’ equity 541,750 597,285    
Consolidation, Eliminations [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 0 0    
Contracts-in-transit and vehicle receivables, net 0 0    
Accounts and notes receivable, net 0 0    
Intercompany accounts receivable (263,906) (276,217)    
Inventories, net 0 0    
Deferred income taxes 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets (263,906) (276,217)    
PROPERTY AND EQUIPMENT, net 0 0    
GOODWILL 0 0    
INTANGIBLE FRANCHISE RIGHTS 0 0    
INVESTMENT IN SUBSIDIARIES (2,162,133) (1,964,442)    
OTHER ASSETS 0 0    
Total assets (2,426,039) (2,240,659)    
Floorplan notes payable — credit facility and other 0 0    
Offset account related to floorplan notes payable - credit facility 0 0    
Floorplan notes payable - manufacturer affiliates 0 0    
Offset account related to floorplan notes payable - manufacturer affiliates 0 0    
Current maturities of long-term debt 0 0    
Accounts payable 0 0    
Intercompany accounts payable (632,821) (571,638)    
Accrued expenses 0 0    
Total current liabilities (632,821) (571,638)    
LONG-TERM DEBT, net of current maturities 0 0    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 0 0    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 0 0    
Group 1 stockholders’ equity (2,162,133) (1,964,442)    
Intercompany note receivable 368,915 295,421    
Total stockholders’ equity (1,793,218) (1,669,021)    
Total liabilities and stockholders’ equity $ (2,426,039) $ (2,240,659)